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NewsSafe Updates $SAFE Distribution Proposal to Move Snapshot Date to August 18th

Safe Updates $SAFE Distribution Proposal to Move Snapshot Date to August 18th

Sep 01,2022,14:05
The digital asset management platform Safe (formerly Gnosis Safe) has said it is making improvements to its $SAFE distribution proposal after gathering community feedback, including: moving the snapshot date to August 18, 2022 (previously February 9, 2022); now considering assets that also include stablecoins $DAI, $USDC, $USDT, not just $ETH and $WETH; the allocation ratio for transact and stored value tokens is set to 50:50 (previously 2:1); the minimum number of transactions needed is reduced to 1 (previously 3); no minimum value is now needed to be stored (previously 1$ETH); and all eligible Safe accounts will get a minimum of 100 $SAFE (previously 400). The number of eligible Safe accounts is 55,719.
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