N Gnosis DAO, also known as Safe, is releasing its governance token

Safe previously Gnosis Safe is releasing its governance token, SAFE, on September 28, 2022, one of the top digital asset management platforms. Users who are eligible to claim token have until December 26, 2022, at 6 p.m. EST to do so.

What is the Safe protocol? It is trusted by some top criptocurrencies and is known for its multi-signature wallet technology. Aave, ENS, Consensys, Aave and 1 Inch are some of the popular names operating with Safe.

Safe is currently securing around $40 billion in self-custodial accounts. Users, Guardians and Backers will be able to get the initial token release from Core Contributors, Gnosis DAO, Users, Guardians and Backers. It is important that no single entity can acquire over 10% of the token in order to ensure the safety and decentralization of the DAO.

It is important to know that the shift in control of users and developers is a win for the safety protocol and the long-term neutrality.

Lukas Schor, co-founder of Safe, explained the advantages of the DAO structure, and said that SafeDAO governance allows for a balance of interests between stakeholders in the Safe ecosystem. Over 30 builder teams and 100 k users are already relying on the Safe protocol and have very individual requirements towards core components, and this ecosystem has very similar requirements for each builder team and 100 k users. As the ecosystem scales, it needs more efficient ways to align different stakeholders on shared standards and investments into public good components in the Safe ecosystem. He said that this is similar to how a cooperative enables more efficient interest alignment and shared asset allocation in a traditional business context.

The structure makes a lot of sense for such a protocol. More token launches and DAO launches are likely to follow if SafeDAO is successful. If DAOs begin to improve their efficiency, it is possible that they will replace the typical corporate structure. There will be a lot of pressure as SafeDAO continues to ensure the safety of $40 billion in assets and prove to the world the advantages of decentralized governance.