What is Safe (SAFE)? What Does It Do?

Safe is an innovative platform that enhances asset management security through smart contracts. It enables users to manage their digital assets more securely by offering decentralized wallet solutions, multi-signature support, and smart contract-based financial security systems.

Developed by a team based in Germany in 2018, Safe aims to minimize security vulnerabilities in the blockchain ecosystem. The project helps individuals and institutions secure their funds while combining flexibility and security in digital asset management. As a result, it provides comprehensive and reliable solutions to both individual investors and institutional users.

With a focus on security, safety, and fundamentals, SafeCoin offers unique features to its growing decentralized community:

Why Use Safe Smart Accounts for AI Agents?

Safe Smart Accounts provide a modular solution that enables AI agents to interact securely with the blockchain. While alternatives include giving an AI agent a private key, using Multi-Party Computation (MPC), relying on custodial services via API, or manually executing transactions from a user’s wallet, Safe Smart Accounts offer distinct advantages.

Key Benefits of Safe Smart Accounts for AI Agents

• Enhanced Security: Safe Smart Accounts offer robust security features, making them one of the most secure methods for blockchain interactions. Signers retain control of private keys and can be replaced if necessary. Additional security measures such as spending limits, timelocks, and whitelists can be implemented to safeguard transactions.
  This is particularly crucial as AI agents can be manipulated through specific prompts.
• True Self-Custody: Safe Smart Accounts operate without reliance on third-party intermediaries. This reduces costs and eliminates single points of failure, aligning with blockchain’s core decentralization principles.
• Modular Design: Safe Smart Accounts provide unmatched modularity. Native and third-party modules enhance functionality, allowing you to customize accounts to meet your project’s needs.
• Flexibility: Multiple signers can propose transactions within a Safe Smart Account. This enables AI agents to suggest transactions while maintaining user control over the account, with the ability to withdraw funds or intervene at any time.
• Multi-Signer Setup: In certain use cases, multiple AI agents can act as signers on a single Smart Account. These agents must reach consensus before signing transactions, adding an extra layer of security and decentralization.

Powerful Smart Contracts

SafeCoin integrates with powerful smart contracts that support various features such as decentralized finance (DeFi), NFTs, decentralized and user-friendly exchanges. SafeCoin enables the support of various projects with high-performance smart contracts and ERC-20 tokens, compatible with Ethereum.

Click here to get project’s white-paper.

Secure and Accessible Blockchain Technology

Safe believes that in the digital era, freedom, accuracy, and liberty can only be constructed upon trustworthy and secure decentralized systems. To that end, Safe has made significant strides in improving security, inspired by the foundational projects of Bitcoin and Ethereum. By leveraging Solana’s technology, Safe employs an advanced, energy-efficient consensus model to enhance its security.

Decentralization and Security

Blockchain projects often face vulnerabilities, and some may sacrifice decentralization. Safe prioritizes both security and decentralization, providing a more secure infrastructure. However, many blockchain networks continue to face ongoing security challenges that need addressing.

Challenges and Solution Approaches

Safe seeks to overcome the challenges posed by fiat currencies and centralized banking systems in the evolution of blockchain technology. The project is actively working to resolve security and centralization issues, which have been a concern for Bitcoin and subsequent cryptocurrency projects.

Why Safe?

Safe secures a large amount of assets and has undergone extensive audits and testing since 2018. Today, it has become the default wallet choice for many, including DAOs, web3-focused companies, and individuals like Vitalik Buterin.

Additionally, more than 200 projects are currently being built on Safe, and this number is expected to grow even further in the future.

Click here to get project’s X account.

Safe Ecosystem

Safe is building a decentralized finance (DeFi) ecosystem and encouraging the use of Safe in various projects. As a result, Safe integrates with both decentralized exchanges and other third-party platforms.

Future Goals

Safe aims to create a more secure and sustainable ecosystem in collaboration with the community, and it continues to evolve. SafeCoin is focused on developing innovations to provide users with a better experience in security, accessibility, and decentralization.

SAFE Tokenomics

• Ticker: SAFE
• Contract Address: 0x5aFE3855358E112B5647B952709E6165e1c1eEEe
• Maximum Supply: 1,000,000,000 (1 billion)
• Initial Circulating Supply: 427,000,000
• Token Format: Native ERC20
• Sector: Smart Wallets, Smart Accounts Infrastructure, Account Abstraction
• Onchain Data: Safe Token Dune Dashboard

Token Allocation

The overall distribution of SAFE spans 5 categories and was initially defined as part of the proposal from the GnosisDAO spin-off.

Excluding the community treasury shares, the non-treasury circulating supply amounts to approximately 143.4 million Safe Tokens (14.34% of the total SAFE supply), distributed as follows:

SAFE Stakeholders

To support the growth and alignment of the Safe ecosystem, the following distribution categories have been identified with varying initial allocations:

User Participation: Empowering Active Users

• Allocation: 5% of the total supply (50M tokens)
• Distribution: 25M tokens are available immediately, with the remaining 25M vested over 4 years.
• Purpose: To make active users key stakeholders in SafeDAO governance.

Guardians: Recognizing Ecosystem Contributions

• Allocation: 5% of the total supply (50M tokens)
• Distribution: Initial airdrop of 25M tokens, half available immediately, the rest vested over 4 years. The remaining 25M tokens are reserved for future Guardians programs.
• Purpose: To acknowledge contributors to the Safe ecosystem.

Strategic Raise: Aligning Industry Experts

• Allocation: 8% of the total supply (80M tokens)
• Distribution: Vested among 60+ investors over 4 years, with a 1-year initial lock-up period.
• Purpose: To align strategic partners and industry experts with the project’s goals.

Core Contributors: Rewarding Dedication

• Allocation: 15% of the total supply (150M tokens)
• Distribution: Allocated to 40+ core contributors, with remaining tokens reserved for future talent. Tokens will be vested over 4 years.
• Purpose: To incentivize key contributors and attract top talent to the project.

Safe Foundation: Supporting the Ecosystem

• Allocation: 7% of the total supply (70M tokens)
• Distribution: Vested over 4 years, with 20M tokens available immediately.
• Purpose: To support ecosystem rewards and legal requirements.

SafeDAO and GnosisDAO Treasuries: Securing the Future

• Allocation: 55% of the total supply (40% for SafeDAO, 15% for GnosisDAO)
• Distribution: Vested over 8 years for SafeDAO and 4 years for GnosisDAO, with 50M (SafeDAO) and 10M (GnosisDAO) tokens available immediately.
• Purpose: To ensure Safe’s financial sustainability and strategic alignment.

Joint Treasury: Experimental Approach in DAO Coordination

• Allocation: 5% of the total supply (50M tokens)
• Distribution: Available immediately for collective governance by SafeDAO and GnosisDAO.
• Purpose: To explore collaborative governance between the two DAOs and create a model for DAO coordination.

Token Unlocking Schedule

The SAFE Token has a vesting schedule that extends up to 8 years.

SAFE Founding Team

The founding team consists of Christoph Simmchen, who serves as the co-founder responsible for governance and operations; Richard Meissner, the co-founder of the Safe{Core} team; Lukas Schor, who leads in the areas of ecosystem and marketing; and Tobias Schubotz, the co-founder of Safe{Wallet}.

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