Safe
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Safe (SAFE) Price Today
The price of Safe (SAFE) is $0.00 today with a 24-hour trading volume of $0.00. This represents a 0.0% price increase in the last 24 hours.
What is Safe
Safe (formerly known as Gnosis Safe) lets individuals and businesses manage their digital assets securely. It is a multi-sign wallet that runs on multiple networks, requiring a minimum number of users to approve a transaction before it can proceed (M-of-N).
Unlike a single key wallet, where you may lose complete access to your funds if your private key is lost or stolen, Safe removes that single point of failure by requiring a certain number of approvals from designated wallets’ owners before approving a transaction.
History of Safe
Gnosis Safe was a part of Ethereum infrastructure builder Gnosis until April 2022, when the community voted to spin Safe off from Gnosis. Along with the rebranding of Gnosis Safe to Safe, the SAFE governance token was launched to govern and curate essential infrastructure components of the Safe ecosystem.
How Safe works
Safe functions as a deployed smart contract that uses multi-sig, where it implements predefined instructions once they are met (to release funds after M-of-N users approve a transaction).
Multi-sig wallets enable businesses and individuals to:
- Perform sensitive transactions securely: Any actions need to be authenticated by the majority.
- Manage funds safely: The majority have to give their consent for any movement of funds, preventing a single person from running away with everything.
- Achieve redundancy: The wallet can still be accessed with the other keys even if one is lost.
Unique features of Safe
Beyond multi-signature, Safe also includes the following features:
- Supports a wide range of assets: Assets supported on Safe includes ETH, ERC20 (tokens) and ERC721 (collectibles). Safe also includes the USD conversion rate of assets held on the wallet.
- Integrates with other wallets: Transactions can be signed with hardware, software, or even paper wallets.
- Secure apps: Users can interact with DeFi protocols directly from its interface.
When will SAFE be live?
Users of the SAFE protocol may be eligible for token claiming as of now. More info can be found at in their article here.
Where can you buy Safe?
SAFE tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Safe is N/A, where the most active trading pair SAFE/WETH has a trading volume of $0.00 in the last 24 hours.
What is the liquidity of Safe (SAFE)?
The total liquidity of Safe is $1,618.00. If you own SAFE tokens, liquidity of the token is low and prices may differ drastically. Proceed with caution.
What is the liquidity of Safe (SAFE)?
The fully diluted valuation (FDV) of Safe (SAFE) is $0.00. This is a statistical representation of the maximum market cap, assuming the maximum number of SAFE tokens are in circulation today.