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Go to Alpha ReportsTo ensure the successful launch of its DAO (decentralized autonomous organization), Gnosis Safe announced plans Thursday to airdrop 50 million SAFE tokens to thousands of Safe wallets.
Gnosis Safe uses smart contracts to support its multi-signature wallet. A multi-signature or multisig wallet requires more than one person’s signature to execute transactions. Gnosis Safe allows users to securely store Ethereum and ERC20 tokens and interact with decentralized applications.
Last month, Gnosis Safe, originally a product in the Gnosis ecosystem, rebranded to Safe after spinning off from Gnosis. Members of the Safe community also voted to launch the SafeDAO and the SAFE token.
Along with the announcement of the airdrop, Safe shared a spreadsheet containing over 45,000 eligible Ethereum addresses. Safe users who created their address before the February 9, 2022, proposal to launch the SafeDAO are eligible for the airdrop.
"By giving control over the core components of the Safe ecosystem to the SAFE Token holders, the SafeDAO is enabled to introduce value capture and reward programs that supercharge the Gnosis Safe ecosystem flywheel," wrote Safe co-founder Lukas Schor in the proposal.
Safe says that the SafeDAO will send at least 400 SAFE tokens to 21,935 addresses, or just over half of the eligible wallets.
Safe says the goals of the airdrop include decentralizing SAFE governance, rewarding active users, and raising awareness of Safe and SafeDAO.
Gnosis Safe provided a breakdown of the allocations in the announcement posted on its forum. Of 45,025 Safe wallets created before the proposal, 10,453 never made a single transaction. Still, 21,935 Safe wallets contain SAFE tokens, the largest containing 129,339.85, and the average active wallet containing 2279.46.
"[The February proposal] presented plans of launching a SAFE token. 5% of the total supply is allocated to reward users for their past contributions and usage," Safe co-founder Tobias Schubotz wrote in the forum post. "Of those 5%, half will be available immediately, and the remaining half will be vesting linearly over 4 years."
Another goal, Schubotz wrote, is community ownership.
"Long term, we envision the Safe as a community-driven project. It is empowering to own a part of the product they use," he wrote.
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FAQs
To claim the Gnosis $GNO airdrop, follow these steps: First, visit the Gnosis $GNO Airdrop website. Then, connect an active wallet to the site. Once your wallet is connected and active, you will be able to receive the Gnosis $GNO airdrop tokens.
Is Weth airdrop legit? ›
Deceitful Telegram BOT Guides Victims into High-Stakes WETH Airdrop Hoax. Over 65,000 subscribers of a Telegram channel, specifically created to perpetrate a fraudulent scheme involving counterfeit Wrapped Ethereum (WETH) airdrops, find themselves in jeopardy of financial loss.
Is MetaMask doing an airdrop? ›
Web3 wallet MetaMask is now letting users verify their airdrop eligibility via an integration with onchain project Daylight. "We've partnered with Daylight to help users check if they qualify for any airdrops in the ecosystem," the Consensys Software Inc.
Is airdrop legit? ›
The airdrop channel: Secondly, legit crypto airdrops are announced on the official channels of the host project. That is, the project's website and its social media accounts. If you cannot find the airdrop on any official site of the project, then it is not legit.
How to get free airdrop coins? ›
How to Get Crypto Airdrops
- Set up a crypto wallet. Participation in crypto airdrops requires a compatible wallet based on the specific blockchain or token being distributed. ...
- Research and meet airdrop requirements. Always research the project behind every airdrop. ...
- Claim your airdrop tokens. ...
- Utilize your airdrop tokens.
How to Withdraw Airdrop Tokens? Once you have received your airdrop tokens, you will need to find an exchange that supports the token in order to withdraw them. If the airdrop is for an ERC20 token, you can likely withdraw them from any Ethereum-based exchange.
How to claim crypto airdrop? ›
Claiming an airdrop requires you to connect your wallet to a smart contract and sign a transaction. This process can leave your wallet exposed to hacks if the smart contract is constructed with malicious intent.
Are crypto airdrops worth it? ›
The benefit is simple: Airdrops are opportunities to receive free crypto (or at least in exchange for a relatively small amount of work). Because cryptocurrencies can go up or down in value, airdrop recipients receive an asset that could be worth much more at some point in the future.
How do I claim Ethereum airdrop? ›
Claiming Process
Connect Your Wallet: Connect your Web3 wallet (e.g., Metamask or WalletConnect) and ensure it's connected to the Ethereum mainnet 3. Provide your wallet address and complete any required KYC process. Claim the Airdrop: If eligible, click “Start claiming process”.
What is Airdropping tokens? ›
A crypto airdrop is a strategy used by blockchain startups to distribute tokens or coins to specific wallet addresses. Airdrops strive to raise awareness and adoption of new blockchain projects.
One exciting aspect is airdrops. These events disperse new tokens, often for free, to Ethereum wallet holders. Airdrops can serve multiple purposes. They might reward early adopters, increase token distribution, or encourage new users to join a project.
How to farm airdrops with multiple wallets? ›
Owning multiple wallets can significantly increase the likelihood of receiving more airdrops. But it's crucial to disguise any correlation between your wallets to prevent disqualification. It is advised to fund them with multiple separate centralized exchanges (CEX) withdrawals rather than other wallets.
How do you make money with airdrop? ›
Holder Airdrops.
This type of crypto airdrop suggests the participants need to hold a certain amount of existing tokens in their crypto wallets to earn new tokens for free. The amount of tokens you can earn depends on the amount of existing coins you hold and the duration of holding them.
Is crypto airdrop legal? ›
The SEC's position is clear: It claims that all digital assets qualify as securities, invariably implying that airdrops, the practice of distributing free tokens, fall under securities law.
Is airdrop traced? ›
Since it's not possible to accidentally send things via AirDrop, there's no feature for “tracing” them, and no log is created to ensure your security and privacy. Simply put: This isn't a problem most people have.
How to claim gno airdrop? ›
Let's get started. ✔ Connect Your Wallet: Use the same compatible wallet you used during the qualifying airdrop activities. ✔ Check Eligibility: On your dashboard, confirm if you're part of the airdrop. ✔ Claim Your Tokens: Click the claim button and sign the transaction.
How do I claim unclaimed airdrops? ›
How do I claim unclaimed airdrops? On Airdrops. FYI, paste your wallet address into the search bar and hit the search icon to see your unclaimed airdrops. Once you identify your unclaimed airdrops, you'll be redirected to the projects' pages to claim your rewards.
How do I claim icy airdrop? ›
To claim the free Airdrop Ice Network, you will need to:
- Download the Ice Network mobile app. https://ice.io/@beka.q1.
- Create an account and use this code. (@beka.q1) ...
- Complete the required tasks, such as following Ice Network on social media and inviting friends to join the Airdrop.
- Receive your free ICE tokens!
To receive the airdropped tokens, you will need a compatible cryptocurrency wallet. Most projects provide instructions on how to set up a wallet and where to provide your wallet address to receive the tokens.
