Multi-Signature Wallet Gnosis Safe Launches Proposal: Spin-off safeDAO and Launch $SAFE Token

TokenInsight news, The multi-signature wallet Gnosis Safe team launched proposal GIP-29 to create SafeDAO and launch the token $SAFE, spinning off Gnosis Safe from Gnosis Ltd, similar to CowSwap's previous spin-off. The total amount of $SAFE is fixed at 1 billion and will be minted by the SAFE Foundation. According to the proposal, 10% of $SAFE will be used for airdrops, and a lock-in drop is proposed to be used to attract new $GNO holders in addition to the retroactive airdrop, which is still in the voting period and will end in 6 days.


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