Safe (SAFE)
Rank #268
Market snapshot
- Price
- $0.087874
- Market cap
- $67.4M
- 24h volume
- $1.8M
- Circulating supply
- 767,449,429
- Total supply
- 1,000,000,000
- Max supply
- 1,000,000,000
What is Safe?
Safe (SAFE) is a cryptocurrency that operates on the Ethereum platform. It is part of the Ethereum ecosystem and is designed to facilitate various decentralized finance (DeFi) applications.
How Safe works
Safe operates as a part of the Ethereum ecosystem, utilizing a multi-signature wallet model. This model involves an M-of-N scheme, where some keys are held by the user but not enough to block recovery, while the rest are held by trusted individuals. This structure allows for secure management of assets. Additionally, Safe's modular infrastructure, in conjunction with the Chainlink oracle platform, supports the development of accessible blockchain applications. The multi-signature wallet enforces threshold-based signature rules on the blockchain, ensuring that multiple signatures are required for transactions.
Key information
- Symbol
- SAFE
- CMC rank
- #268
- Network / platforms
Ethereum
- Categories
- N/A
- Date added
- Apr 22, 2024
Contract address
Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.
Ethereum
0x5afe3855358e112b5647b952709e6165e1c1eeee
Key characteristics
Safe is open-source, allowing anyone to participate in its development. It is designed to be non-custodial and local-first, aligning with decentralized finance principles. Safe is also categorized under DeFi, Ethereum ecosystem, and staking tags by CoinMarketCap.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Safe (SAFE)?
- Safe (SAFE) is a cryptocurrency that operates on the Ethereum platform.
- How does Safe (SAFE) operate?
- Safe operates using a multi-signature wallet model that requires multiple signatures for transactions, enhancing security.
- What are the technical characteristics of Safe (SAFE)?
- Safe is open-source and designed to be non-custodial, aligning with decentralized finance principles.
- What are the risks associated with transferring Safe (SAFE)?
- Digital asset prices can be volatile, and users should verify contract addresses and networks before transferring assets.
- How can I verify the acquisition of Safe (SAFE)?
- Verify the asset name, network, and contract details before transferring, and review the custody method.
- Where can I find official resources for Safe (SAFE)?
- Official resources for Safe can be found on its website and GitHub repository.
