GnosisDAO's Proposal to Spin Off Gnosis Safe and Launch $SAFE Token Approved

GnosisDAO's proposal to spin-off Gnosis Safe and launch $SAFE token has been approved. GnosisDAO will create a $SAFE Token to govern the Gnosis Safe ecosystem and infrastructure through the establishment of an independent SafeDAO. At the same time, GnosisDAO will setup the independent Safe Foundation in Switzerland to protect strategic off-chain assets (IP, Github repositories, strategic investments), issue the $SAFE Token, and foster the Gnosis Safe ecosystem. According to the proposal, the Safe Foundation will release 1 billion $SAFE tokens. The total supply of $SAFE tokens will be allocated as follows: 15% will be allocated to core contributors, 15% to the Safe Foundation, 5% to the ecosystem, 5% to users, and 60% to the community treasury.