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Why Safe is worth knowing: Over $100 billion in account management and 46 million transactions completed

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Release: 2024-04-19 16:58:19
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In the tide of digital finance, Safe represents the highest standard of security and reliability. Safe, formerly known as Gnosis Safe, has protected more than $100 billion in assets through its smart accounts and has completed a total of 46 million transactions, demonstrating its unshakable position in decentralized asset management.

Across more than 14 networks, the number of Safe accounts deployed reached 8.1 million. This not only means broad acceptance, but also reflects its leading position and technological advancement in the field of blockchain security.

Safe’s core technology [CORE] has powered more than 190 ecosystem projects, covering areas such as DAO tools, DeFi, NFT collectives and institutional custody, injecting power into every corner of the web3 world. Behind this series of data is Safe’s commitment to attaching equal importance to innovation and security, and it is also the best proof of the digital world’s trust in it.

Why Safe is worth knowing: Over $100 billion in account management and 46 million transactions completed

What is so unique about Safe? Let’s discuss it in depth below.

Adhering to the concepts of security, openness and autonomy, Safe’s operating style has been recognized by the industry

1. It pays more attention to security and attracts high amounts of customer custody funds:

Today, as blockchain technology is increasingly integrated into the mainstream economy, the need to securely manage digital assets has never been higher. Safe's innovation lies in its relentless pursuit of safety. By introducing Safe{Wallet} and Safe{Core}, Safe not only provides a highly secure asset custody platform, but also ensures seamless and safe management of user funds through complex encryption and smart contract technology. This commitment was echoed by the market after the FTX incident, with Safe’s net inflows exceeding $800 million within a week, reflecting users’ high trust in its self-custody solution.

2. Ultra-high openness drives the rapid development of more than 200 projects:

Safe has also made great achievements in promoting open innovation. Its open core infrastructure allows countless developers to freely create, integrate, and build various applications on this platform without worrying about licensing. Safe promotes a decentralized ecosystem of diverse independent products and services, driving the entire industry toward greater resilience and scalability. Today, Safe has driven the development of more than 200 projects, proving the great contribution of its platform to open innovation.

3. A DAO management model with certain characteristics to provide convenience for developers:

In terms of governance, Safe has demonstrated its emphasis on community autonomy through the launch of SafeDAO and SAFE tokens. . The emergence of SafeDAO not only strengthens the participation of community members, but also ensures the persistence and health of the network through token economics. Safe’s governance model gives real control to builders, contributors, and users, making them co-owners of this decentralized network.

In addition, Safe’s account abstraction function provides developers with great convenience. Through Safe{Core} SDK, developers can easily integrate Safe’s smart accounts into their platforms to further promote The popularization of dapp and the optimization of user experience.

Why Safe is worth knowing: Over $100 billion in account management and 46 million transactions completed

In short, Safe has set a new industry standard for digital asset management with its revolutionary products and services. Its adherence to the three principles of security, open innovation, and autonomous governance not only builds a powerful digital economic infrastructure, but also provides solid support and unlimited possibilities for the development of the entire Web3 ecosystem.

Safe Token Economics: Refined allocation strategy aims to achieve token stability and long-term value appreciation

As blockchain technology becomes increasingly mature, token economics has become the core of various projects A symbol of competitiveness. Safe has taken solid steps in this regard by disclosing the economic model of the SAFE token in detail. In this model, Safe establishes a maximum supply of 1 billion tokens, of which the initial circulation is 427 million. The total distribution strategy of SAFE tokens emphasizes the core status of the community and is divided into five categories, which strengthens the participation and commitment of all parties and ensures the diversity and vitality of the SAFE ecosystem.

Specifically, SAFE’s token distribution is as follows: core contributors account for 15%, demonstrating recognition of project promoters; Safe Foundation also accounts for 15%, this proportion reflects the commitment to infrastructure construction Investment; while the ecosystem, user and community treasury account for 5% and 60% respectively, showing Safe's emphasis on continuous and broad participation. This allocation is not just a game of numbers, but represents a long-term commitment to contributors, users, and the entire community.

The lock-up period of the tokens is as long as 8 years. This decision not only ensures the long-term interests of participants, but also provides a solid foundation for the stability and sustainable development of Safe. This move demonstrates Safe’s forward thinking and strategic deployment in building a project aimed at serving the Web3 economy in the long term.

SAFE token holders have voting rights, which not only reflects the empowerment of holders, but is also the core of the SafeDAO governance mechanism. Voting rights are designed to enable token holders to have a voice on key matters such as resource allocation and governance framework customization. In this way, Safe strengthens its position as a community-driven platform that maintains close collaboration and coordination with other participants in the ecosystem.

In order to further motivate and give back to the community, Safe also plans to launch a series of activities and programs designed to increase participants’ rewards by locking SAFE tokens. This incentive mechanism indicates Safe's continued focus on maintaining ecological vitality and participant loyalty.

In general, Safe has demonstrated its determination to build a solid, transparent and highly autonomous Web3 economy through this detailed token economics strategy. In the world of digital currencies, Safe is building a solid foundation for long-term growth and prosperity through its tokenomics strategy.

Community voting on major issues has been completed, and SafeDAO has entered a new stage of development

In the latest progress of SafeDAO, the community’s proposal on the transferability of SAFE tokens has been passed The vote marks an important milestone in the liquidity of SAFE tokens. After this vote is passed, the transferability of SAFE tokens will take effect from the eighth day after the end of the vote, which is scheduled to launch on April 23. This decision was made after fully considering security measures to ensure that the interests of holders are maintained while expanding liquidity.

This move not only provides more liquidity options for SAFE token holders, but is also expected to enhance the market vitality of the Safe network. The transferability of tokens is one of the key factors in the development of crypto-asset value, enabling wider market acceptance and a more active trading environment. In this way, SafeDAO aims to attract more participants into its ecosystem while also providing existing token holders with more flexibility and freedom to trade.

Why Safe is worth knowing: Over $100 billion in account management and 46 million transactions completed

In addition, this step by SafeDAO also reflects its commitment to the community governance model. By allowing token holders to vote on key policies, Safe strengthens a decentralized and user-driven governance structure. This governance method not only ensures the transparency and fairness of the decision-making process, but also enables the Safe network to quickly adapt to market changes and community needs.

After comprehensively considering the potential impact of token transferability on the market, SafeDAO has adopted a series of safeguards to prevent market manipulation and protect community interests. These measures include setting a reasonable transfer start date and monitoring token circulation in the early stages to ensure a smooth and fair process.

In summary, this series of actions by Safe reflects its firm steps in building an open, flexible and highly autonomous Web3 economic framework. By implementing the transferability of SAFE tokens, Safe not only optimizes the liquidity of its network, but also strengthens community member participation and governance capabilities. As the Safe ecosystem continues to develop and mature, we can expect its influence in the global blockchain field to further expand, creating more value and opportunities for users and investors.

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source:panewslab.com
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