50% Of SAFE’s Unclaimed Airdrops Will Be Redistributed To Users Previously Received Them

Key Points:

• Half of the unclaimed SAFE tokens (more than 16.1 million tokens) from Safe’s user airdrop will be reallocated proportionally to prior beneficiaries’ addresses. 
• The remaining half of unclaimed tokens will be voted on by the platform to determine which Safe users to airdrop to, for example, L2 Safe users and other programs.

50% of SAFE’s unclaimed airdrops will be redistributed to individuals who previously received them.

The vote for the digital asset management platform Safe (formerly known as Gnosis Safe) governance community SafeDAO’s proposal SEP #5 on the redistribution of unclaimed airdrops was completed at 23:01 UTC today, on March 29. This information can be seen on the Snapshot page. 

The purpose of this proposal is to ensure that the previously expected distribution of voting power among the various stakeholders is carried out to the fullest extent that is practically possible. This objective will be accomplished by ensuring that this proposal is accepted. Initially, 5% of the total supply of this token was allocated to an airdrop for users; however, only 32,200,182 of the 50,000,000 tokens were redeemed by their respective owners.

The results of the voting indicate that fifty percent of the tokens (more than sixteen and a half million tokens) that were not claimed as part of user airdrop will be distributed in proportion to the addresses of previous recipients. Those who have already obtained the token will be qualified to submit an application for about 190.45% of the total SAFE that was allotted in the initial airdrop plan. The other half of the approximately 16.1 million unclaimed tokens will be put up for voting by the platform in order to decide which users, such as L2 users and users of other apps, would get airdrops of this token.

A innovative and forward-thinking technique for the distribution of tokens is the redistribution of unclaimed airdrops to earlier recipients of the tokens. In addition to encouraging participation and engagement on the part of members, it fosters fairness and diversity throughout the whole community.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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