### What is Safe?

Safe (SAFE) is a cryptocurrency token designed to support the Safe ecosystem, focusing on smart accounts (smart contract wallets) as the primary means of interacting with Web3. Its primary purpose is to facilitate governance and utility within this ecosystem, aiming for technical, economic, and governance decentralization of critical infrastructure.

### How does Safe work?

Safe operates on the Ethereum blockchain as a native ERC20 token. It utilises Ethereum's Proof of Stake consensus mechanism, allowing for secure and energy-efficient transaction validation. Users can engage in decentralized governance by voting on proposals and decisions within the Safe ecosystem using their SAFE tokens. The ecosystem includes smart accounts designed to manage digital assets securely and conveniently.

### What are the potential use cases for Safe?

Safe's use cases extend across various industries, leveraging its smart account and multi-signature wallet capabilities:
1. **Decentralized Finance (DeFi):** Offers transaction processing without mining fees and easy access control.
2. **Gaming and SocialFi:** Supports secure and efficient transaction processing and asset management.
3. **Payment Systems:** Facilitates secure payment transactions.

Notable applications and collaborations within the Safe ecosystem include Gnosis Pay, Worldcoin, and integration with Kiln for ETH staking, showcasing its utility in DeFi and payment solutions.

### What is the history of Safe?

Safe originated from Gnosis' ICO in 2017, leading to the creation of the Gnosis Multi-signature Wallet to securely manage funds. In 2018, Gnosis Safe was developed as a general-purpose Smart Account. By 2022, Safe had spun off from Gnosis, launching the SafeDAO and SAFE token. The project has since grown, with over 8 million Safe accounts created and 40 million transactions processed, maintaining an impeccable security record. Safe aims to optimise smart accounts for a wide range of applications on the Ethereum network.

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