To ensure a successful launch of its DAO (Decentralized Autonomous Organization), Gnosis Safe announced Thursday plans to airdrop 50 million SAFE tokens into thousands of Safe wallets.
Gnosis Safe supports multi-signature wallets using smart contracts. A multisig or multisig wallet requires the signatures of more than one person to carry out a transaction. Gnosis Safe allows users to safely store her Ethereum and ERC20 tokens and interact with decentralized applications.
Last month, Gnosis Safe, originally a product of the Gnosis ecosystem, was rebranded to Safe after being spun off from Gnosis. Members of the Safe community also voted for SafeDAO and the launch of his SAFE token.
Along with the airdrop announcement, Safe shared a spreadsheet containing over 45,000 eligible Ethereum addresses. Safe users who created addresses prior to the proposed SafeDAO launch on February 9, 2022 will be eligible for the airdrop.
“By controlling the core components of the Safe ecosystem to SAFE Token holders, SafeDAO will be able to introduce value acquisition and reward programs that will power the flywheel of the Gnosis Safe ecosystem,” said Safe Co. Founder Lukas Schor wrote in the proposal:
Safe says SafeDAO will send at least 400 SAFE tokens to 21,935 addresses, more than half of eligible wallets.
According to Safe, goals for the airdrop include decentralizing SAFE governance, rewarding active users, and increasing awareness of Safe and SafeDAO.
Gnosis Safe provided a breakdown of the quota in an announcement posted on its forum. Of the 45,025 Safe wallets created before the proposal, 10,453 had never made a transaction. Still, 21,935 Safe wallets contain SAFE tokens, with the largest containing 129,339.85 and the average active wallet containing 2279.46.
“[The February proposal] We have announced plans to launch the SAFE token. His 5% of the total supply will be allocated to reward users for their past contributions and usage,” Safe co-founder Tobias Schuboz wrote in a forum post. Linearly he for four years’.
Another goal, according to Schubottz, is community ownership.
“Long-term, we envision Safe as a community-driven project, empowering them to own a piece of the product they use,” he wrote.