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Bitvavo makes Safe as easy as possible. Here are answers to common questions to help you make your first steps in the world of digital assets.
Safe is a Web3 project that elevates digital ownership and security within blockchain technology. The project offers an infrastructure that surpasses traditional blockchain accounts by introducing 'smart accounts'. These accounts provide users with greater control and flexibility over their digital assets. With over $100 billion in assets under management and support for more than 200 projects, including well-known names such as Gnosis Pay and Worldcoin, Safe is one of the most influential players in the sector.
Safe consists of two core components:
The wallet has become the industry standard for multi-signature (multi-sig) security and is used by well-known names such as Vitalik Buterin, Shopify, and Reddit.
What sets Safe apart from traditional blockchain accounts which rely on a single private key, is the smart account structure. This structure offers features such as multi-sig verification, gasless transactions, and recovery mechanisms via the Safe{RecoveryHub}. This makes the platform more secure and accessible for both beginners and experienced users.
Safe operates on over 15 networks and has generated more than 8 million accounts since its launch in 2018, accounting for over 40 million transactions. Safe's smart contracts are open-source, thoroughly tested, and have undergone multiple audits. Without major security incidents, the platform provides a reliable choice for both individuals and businesses that value safety and innovation.
Safe started as part of Gnosis, a blockchain company focused on tools for decentralized finance (DeFi). The founders have a strong background in blockchain technology and smart contracts. In 2022, Safe became independent with the establishment of the Safe Foundation, a non-profit organization overseeing the project's further development and growth. The Safe team consists of over 40 individuals, including developers and strategists.
Safe offers a broad range of features and applications, catering to both end-users and developers:
Safe combines blockchain technology with user-friendly solutions, centering on smart contracts and account abstraction. The platform comprises various key components that collectively ensure secure and flexible operation.
Safe's smart contracts are thoroughly audited and verified, making them a reliable choice for both small users and large organizations. Thanks to the modular design, developers can create solutions that seamlessly integrate with existing ecosystems and meet specific needs.
Safe{Core} is an open-source, modular infrastructure that allows developers to integrate smart accounts into their applications. It offers three essential components:
Safe{Core} SDK: A developer toolkit that enables smart contract accounts to be easily deployed and linked to external services.
Safe{Core} API: Provides access to crucial infrastructure, such as transaction services and event registration.
Safe Smart Account: A customizable and expandable smart contract account that serves as a standard for secure wallets and other applications.
The Safe{Wallet} is a user-friendly interface that allows both individuals and businesses to securely manage their digital assets. With features such as multi-sig verification, multiple parties must approve a transaction before it is executed. This significantly enhances security and makes the wallet an ideal choice for organizations and DAOs (Decentralized Autonomous Organizations).
The governance of Safe is facilitated by the native ERC-20 token SAFE. This token plays a crucial role in SafeDAO, where holders can vote on important decisions, such as resource allocation and expanding ecosystem functionalities.
With a maximum supply of 1 billion tokens, and with 55% allocated to the community treasure, SAFE is designed to encourage community involvement and long-term growth.
The SAFE token is an ERC-20 token that functions as a governance token within the Safe ecosystem and plays a central role in the SafeDAO. Token holders can participate in crucial decisions, such as resource allocation and feature expansion. Additionally, they can delegate their voting rights or benefit from initiatives like the Safe Activity Program, which allows rewards to be earned by being active within the ecosystem.
With a maximum supply of 1 billion tokens, the allocation model promotes both community engagement and long-term development. The majority is allocated to the community treasury for SafeDAO and GnosisDAO, while active users, core contributors, and strategic partners also receive a significant share. In addition to its governance role, SAFE may potentially be used to support new utility features within the Safe infrastructure in the future. The token's design ensures that the interests of the community and stakeholders are closely aligned.
Safe distinguishes itself in the blockchain industry through innovative technology and user-friendly solutions that set new standards. Five features make Safe unique:
Buy Safe (SAFE) through Bitvavo, a trading platform which began in the Netherlands. Bitvavo is suitable for both beginner and experienced investors. Follow these steps to purchase SAFE tokens through our website or mobile app:
Storing your SAFE tokens securely is simple with Bitvavo. The platform provides a high level of security by keeping the majority of funds in offline cold storage. For added protection, you can activate two-factor authentication (2FA), requiring you to enter an additional verification code when logging in.
Prefer to store your tokens in an external wallet for even more control? It's easy to do so. First, verify the wallet address in your Bitvavo account, then you can quickly and safely transfer your SAFE tokens to a hardware or software wallet. This gives you full control over your digital assets, ensuring they are optimally secured.
* This is for informational purposes only and is not advice, nor should it be relied upon as such.
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Trading digital assets involves significant risks. Digital assets are highly volatile and you may lose some or all of your investment. The information on this page does not constitute advice, and should not be relied upon as such. Bitvavo is authorized as a crypto-asset service provider under Regulation (EU) 2023/1114 (MiCA) by the Autoriteit Financiële Markten (AFM), Vijzelgracht 50, 1017 HS Amsterdam. More info can be found in our Risk Disclosure.
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