SafeDAO Greenlights Transferability Proposal SEP22 for SAFE Token
- SafeSEP22 activates the transferability of SAFE tokens via a successful SafeDAO vote.
- The token contract is unpaused, enabling the transferability of previously locked tokens.
- Despite the initial dip, Safe’s fully diluted valuation exceeds $2.74 billion, and its circulating supply is 427 million tokens.
SafeSEP22 has activated the transferability of SAFE tokens following a successful vote by SafeDAO. The company announced this via an X post on Tuesday morning, steering SafeDAO into a new era. “SEP22 has been executed! The Safe Token Contract is officially unpaused, and SAFE is transferable,” SafeDAO’s X post stated.
The proposal, which enables the transferability of SAFE tokens, involved executing the unpause method of the token contract via the SafeSnap module. As such, previously locked SAFE tokens have become transferable, while those remaining in the lock contract are ineligible for transfer.
Following the token unlock, SAFE’s value dipped by over 26%, hitting $2.72 at press time. Insights from CoinMarketCap indicate that Safe’s fully diluted valuation exceeds $2.74 billion, with a maximum supply of one billion tokens and a circulating supply o…
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