Stefan George, co-founder and CTO of digital asset management platform Safe, announced that Safe plans to launch a token called SAFE in September or October, before clarifying that there is too much uncertainty about the exact date. After the SAFE token is launched, 5% of the tokens will be airdropped to Safe and GNO users, and within four years, 15% of the tokens will belong to GnosisDAO.
The price of Safe’s parent company Gnosis-linked GNO token has risen since Safe raised $100 million in a strategic funding round from more than 50 investors including 1kx, Coinbase Ventures, Tiger Global Management and Digital Currency Group earlier this month more than 30%.
