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Safe Protocol Implements Transferability Features on Governance Token
The Safe token (SAFE), the governance token behind the decentralized finance custodian Safe Protocol, has become transferable. The Safe Governance announced via its official X account that SAFE has officially been unlocked, thus opening the door for the token to become movable.
Tokenomics of SAFE
According to Coingecko’s data, the SAFE token has a fully diluted valuation of $2.8 billion. Currently, 427 million tokens are in circulation from a total supply of 1 billion. Upon the announcement of the token unlock, the token’s price dropped by over 19% and was changing hands for $2.8 at 6 a.m. ET. At the time of this writing, SAFE is trading at $2.74, demonstrating a decrease of 21.2%. Despite this, the market capitalization stands at over $1 billion, pushing it into the Unicorn list.
SEP22 has been executed! The Safe Token Contract is officially unpaused and SAFE is transferable, ushering a
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