
The SafeDAO community is on the brink of a significant development with its SAFE token, as it prepares to vote on a proposal, known as SEP #21, that could unlock new utilities for the token and potentially make it tradable for the first time since its launch in September 2022. The proposal, which has been drafted following the achievement of required milestones, is a step towards the project's goal of progressive decentralization. Voting on the proposal has already commenced, with a deadline set for March 18. If the proposal is accepted, a subsequent vote will determine the future transferability of the SAFE token, with a potential date for token transferability being April 23, 2024. This development comes as Safe reports over $100 billion worth of assets on its smart accounts, highlighting the platform's significant role in asset security, which requires multiple approvals for transactions. Open Dollar has also announced support for Safe, further underlining its growing ecosystem. The Token Utility Framework is now live on Snapshot and likely to get accepted.
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