Safe wallet

What is Safe (SAFE)?

The most common confusion around SAFE is worth clearing up first: the token and the smart account system that shares its name are separate things. Safe's contracts are the multi-signature smart accounts that organisations, DAOs and treasuries use to require several approvals before a transaction executes. SAFE, the token, is a plain ERC-20 that governs the project - it does not sign anything, is not required to create or use a Safe account, and sits in an ordinary wallet like any other token.

What it does carry is governance weight in SafeDAO, over the ecosystem's treasury and the direction of the smart account standard. Voting power can be delegated to someone else without sending the tokens anywhere, which is how most holders take part: the balance stays where it is and only the right to vote with it moves. The token was distributed to early users of the protocol and was not transferable at first, so older writing about it may describe restrictions that no longer apply.

It exists on more than one chain, and the balances are independent. The same address receives on either one, and the chain a transfer travels on is decided by the sender, not by the address.

Supported networks in Tangem (2): Ethereum, Gnosis Chain. Each chain's balance is listed separately and the network for an outgoing transfer is shown on screen before the card signs, which is the moment to check it. Holding a governance token you touch a few times a year on a card that spends most of its life in a drawer fits how the token is actually used.