Cryptocurrency wallets are an indispensable part when users interact with blockchain. Among today's typical wallet products, Safe is one of the products that has created a special impression with its multisig development and many special features. What is special about Safe? Let's learn with Coin68 about Multisig Wallet developing Modular Account Abstraction through the article below!
What is Safe (SAFE)? Learn about Multisig Wallet developing Modular Account Abstraction
What is Safe?
Safe, formerly known as Gnosis Safe, is one of the leading projects in developing blockchain wallets on Ethereum . The highlight of Safe is the Multisig Safe feature, which is a Multisignature wallet that allows users to store and control their assets by confirming transactions with multiple signatures before committing.
Besides, Safe owns a full set of tools for Account Abstraction infrastructure and Multisig Wallet, focusing on turning every wallet address on Ethereum into a Smart Account. This opens up many use cases such as artificial intelligence (AI) , Staking , GameFi , SocialFi , DeFi and payments growing strongly with Gas Price free transactions , easy login with Face ID, on -ramp, recovery,...
High flexibility and security are the highlights of Safe, helping users easily manage and use their assets on the Ethereum network safely and effectively.
Special features of Safe Wallet
Special features of Safe
Safe's Smart account is an impressive point and also the core of the Safe ecosystem, helping to bring high flexibility and security to users when managing assets on the Ethereum network with features such as:
- Smart Account: Safe leverages smart contracts for authentication, increased flexibility, and programmability. Smart Accounts will increase security and be more compatible with Ethereum.
- Advanced security: Safe puts safety first with low-level design decisions like how delegate contract calls are handled, all the way up to offline measures like a valuable vulnerability detection program 1 million USD.
- Multisignature management (Multisig): Safe offers Multisignature management, allowing multiple users to confirm before a transaction is made, increasing the security of funds and assets.
- Recovery mechanism: Safe has good recovery mechanisms, helping users restore access to their accounts in case of lost private key or forgotten password.
- Convenience and flexibility: Safe is designed to be flexible and adaptable to user needs, from gradual advances toward progressive autonomy for decentralized autonomous organizations ( DAOs ) to remaining compatible with upcoming standards such as ERC-4337, ERC-7579 and ERC-6900 through converters.
- Multi-platform support: Safe is not only supported on the web platform but also on mobile, helping users access and manage their assets anytime, anywhere.
Besides, Safe has developed a model compatible with Smart Account called Modular Smart Account. This feature can be compared to Safe's "App Store", which aims to create an environment similar to how smartphones have opened up many ways to enhance features through Apps. This helps create a growing ecosystem where smart accounts will also create stores to sell modules/plugins.
Safe's ecosystem
Safe's ecosystem is a diverse community of hundreds of teams and projects, collaborating to develop and expand project features across many different sectors. This team includes not only end-user application developers, but also development tool experts and protocol developers for development associated with Smart Account.
Safe's ecosystem
To support the development of the ecosystem, the project has established the Safe Ecosystem Foundation with a Capital of up to 100 million USD. The fund provides financial support to promising projects, including funding Gas Price to reduce barriers for new users and developers.
Additionally, Safe also organizes educational events and events like Safe{Con} to Chia knowledge, foster collaboration, and showcase innovations in the ecosystem. This helps spread understanding and encourages collaboration among members of the community.
Basic parameters of SAFE Token
Basic parameters of SAFE
Token name | Safe |
Ticker | SAFE |
Blockchain | Ethereum |
Token type | ERC-20 |
Contract | Ethereum: 0x5aFE3855358E112B5647B952709E6165e1c1eEEe |
Total supply | 1,000,000,000 SAFE |
Circulation supply | Updating |
Allocation of SAFE Token
Allocation of SAFE Token
Core contributors: 11.4%
Foundation: 10.2%
Airdrop: 8.5%
Backers: 8.1%
Ecosystem Airdrop: 5.6%
Community Treasures: 56.2%
Vesting schedule of SAFE Token
Token vesting calendar
Uses of Token
- Governance: SAFE Token is the main governance tool in SafeDAO. SAFE Token holders have the right to vote and delegate their voting rights in important SafeDAO decisions, such as resource distribution and adjusting the SafeDAO Constitution.
- Safe Activity Program: SAFE Token participate in the Safe Activity Program, where Token Lockup can increase reward points for activities in the ecosystem.
- Utility development : SAFE Token are used to develop and refine new utilities, such as implementing new features and use cases for the Safe ecosystem, to enhance community development and expansion. copper.
Where to buy/ Token Sale ?
SAFE Token have been unlocked after nearly 2 years of being locked since being distributed via Airdrop in October 2022. This unlocking decision is the result of SafeDAO's vote on April 15, 2024, with more than 99% of participants accepting and agreeing to the transfer.
Currently, users can buy and Token Sale on exchanges such as : OKX , Bybit , BingX , Kucoin , Gate.io
Safe's development roadmap
Currently, Safe has not announced specific information about the development roadmap. Coin68 will update as soon as there is the latest information from the project. However, the project has also announced its development orientation as follows:
The project's goal is not only to build a decentralized financial ecosystem, but also to promote the development of applications and development tools, while creating a flexible and secure platform for users worldwide.
A key part of the development roadmap is the transition from externally owned accounts (EOAs) to smart accounts that open the door to a range of new features and diverse applications.
Safe also focuses on integrating with Layer 2 solutions such as supporting Rollups and other networks on Ethereum. At the same time, the project is also developing new features to meet user needs and make Ethereum a more attractive option for non-tech audiences. Features such as sponsored transactions, convenient authentication methods, easy account recovery, and coordinated management between self-custody and third-party custody are all being developed to make it available to users. Enjoy the safest and most convenient experience possible.
Project development team
Gnosis was founded in 2015 by Martin Köppelmann and Stefan George as part of ConsenSys. However, in 2017, Gnosis split and became an independent company. Gnosis headquarters is located in Gibraltar, with over 50 development team members globally and a main development center in Berlin.
Previously, Safe Wallet was one of three Gnosis products. However, a recent community vote decided to separate Gnosis Safe into an independent project, and rebrand it as Safe.
Lukas Schor, who was the leader of Gnosis Safe, along with Christoph Simmchen became co-founders of Safe.
Investors in the Safe project
Safe investors
Safe just completed a large-scale Capital round, raising $100 million in a Token Sale led by 1kx. In addition to 1kx, there are many other large investors participating in this Capital call, including Tiger Global, A&T Capital, Blockchain Capital and Digital Currency Group.
Experts support the Safe project
summary
Through this article, you probably have some basic information about the Safe project to make your own investment decision. Coin68 is not responsible for any of your investment decisions. Wishing you success and earning a lot of profit from this potential market.
Note: The information in the article is not XEM investment advice, Coin68 is not responsible for any of your investment decisions. Wishing you success and earning a lot of profit from this potential market.
