$SAFE
The term "Safe token" refers to the native governance token of the Safe ecosystem, which was formerly known as Gnosis Safe. The token, ticker symbol SAFE, is an ERC-20 token that plays a central role in the governance of the SafeDAO.
Here's a breakdown of what the Safe token is and its purpose:
* Governance: SAFE token holders have the right to participate in the decision-making process for the Safe ecosystem. This includes voting on proposals related to platform upgrades, feature implementations, and the future use of the token itself.
* Safe Ecosystem: Safe is a leading digital asset management platform, primarily known for its multi-signature smart contract wallets. These wallets require a minimum number of people to approve a transaction before it can be executed, providing an added layer of security. The Safe ecosystem includes a full suite of account abstraction infrastructure and is used by over 200 projects.
* Utility: The token is also used to incentivize users and developers who contribute to the ecosystem. Holding SAFE tokens can grant access to premium features within the platform, such as advanced security options and lower fees.
* Tokenomics: The total supply of SAFE is 1 billion tokens. A portion of these tokens is allocated to active users and guardians of the ecosystem, with some immediately available and the rest vesting over time.
In essence, the Safe token is integral to the decentralized governance and operation of the Safe ecosystem, which focuses on providing secure and collaborative asset management solutions for the web3 space.
