Safe{Pass} Wraps up With Over 2.5M in Rewards

Safe{Pass} Season Wrap-Up: Over 2.5M in rewards and an exclusive celebration at Devcon

The final points for the season have been calculated and distributed—thank you for being such an integral part of this journey! Thrilled to share some highlights from the past season, celebrate the community’s engagement, and announce exciting rewards for top participants.

Season Highlights: By the Numbers

This season has been a great success, thanks to you! Here’s a quick look at some standout numbers from the past six months:

• 40,000+ users accrued points across various campaigns, actively engaging with their Safe accounts and reflecting incredible community involvement

• Over 70 Million SAFE Tokens were locked throughout the season, a number that speaks to the dedication of all users 

• 8 Unique Campaigns launched in collaboration with top-tier partners, including Aave, Coinshift, DeFiSaver, Den, Epoch Protocol, Lore, Morpho and Rainbow. Each of these campaigns was designed not only to reward Safe{Pass} participants but also to showcase the diverse applications of the community 

Exclusive Rewards for the Community

In recognition of  your contributions and in celebration of the season’s achievements, several exclusive rewards are being rolled out:

• Sip & Sign Event in Bangkok To cap off an incredible season, the top 500 Safe{Pass} users on the leaderboard are invited to an exclusive Sip & Sign event alongside Devcon in Bangkok! Get ready for an evening of networking, refreshments, and celebration. Spots are limited, so be sure to RSVP!

• GnosisPay Cards As a token of appreciation, Sip & Sign attendees will receive a complimentary GnosisPay card.

• 2.5M SAFE Token Rewards A reward pool of 2.5 million SAFE tokens is reserved for top-performing users! See the below for mechanics and next steps

Mechanics and Next Steps

Here’s an overview of how the rewards will be distributed and what’s next for Safe{Pass} participants:

• Eligibility for Rewards: Users who fall into the following categories are eligible for rewards:

  • Leaderboard Rewards: The top users on the leaderboard are eligible to claim SAFE tokens based on a tiered structure 

  • Token Locking Rewards: Active users who locked at least 100 SAFE tokens by season’s end are eligible for SAFE tokens.

  • Partner Campaign Rewards: Users who participated in partner campaigns will receive additional SAFE tokens.

• Claiming Process: While the airdrop itself is expected in November, claiming functionality will be made available after deployment is complete. Eligible users will receive instructions on how to claim their rewards once this feature is live.

• Reward Caps and Compliance: Each user can receive a maximum number of SAFE token rewards equivalent to approximately USD $2,000 at the time of distribution, regardless of participation across categories. Due to compliance considerations, some rewards may have additional eligibility requirements depending on the user’s location.

Stay tuned for further details, and keep an eye on your email for updates on distribution and claiming instructions! If you haven’t signed up for the Safe{Pass} newsletter, go to pass.safe.global to make sure you stay up to date

Frequently Asked Questions (FAQs) 

1. How are the SAFE token rewards distributed?

Rewards are distributed based on leaderboard standing, SAFE token locking, and participation in partner campaigns. A tiered system determines the distribution amount, with a maximum reward cap of a number of SAFE token rewards equivalent to approximately USD $2,000 at the time of distribution, per user

2. When will I receive my rewards?

The distribution is planned for November 2024, with potential delays based on the development process. You will be notified by email with specific timing and instructions for claiming your rewards.

3. How can I check my final leaderboard ranking?

Final standings and points are available in the SafeApp. 

4. Why are U.S. users excluded from certain rewards?

Due to regulatory considerations, U.S.-based users are ineligible for rewards related to SAFE token locking. However, they can still receive rewards based on leaderboard standing and participation in partner campaigns.

5. Will my rewards be subject to a lock-up period?

Yes, for business and compliance reasons, all distributed SAFE tokens will be subject to a one-year lock-up period after distribution.

Thank you once again for an unforgettable season. It couldn’t have been done without you!

Can't find what you're looking for? Go to https://help.safe.global/en/  for further assistance.

About Safe

Safe (previously Gnosis Safe) is an onchain asset custody protocol, securing ~$60 Billion in assets today. Released as on open source software stack by the Safe Ecosystem Foundation, it is establishing a universal ‘smart account standard for secure custody of digital assets, data, and identity. Safe is built for the mission to unlock digital ownership for everyone in web3, including DAOs, enterprises, retail, and institutional users

Website, Twitter, Discord, Blog, GitHub, Docs

About the Safe Ecosystem Foundation, Zug, Switzerland

The mission of the Safe Ecosystem Foundation is to support the development of Safe, to strengthen Safe technology and to promote its adoption. The Safe Ecosystem Foundation is a non-profit organisation based in Zug, Switzerland, that helps educate people about Safe smart accounts and promotes Safe technology through the provision of grants and other forms of funding.

 Legal Disclaimer

This is not an offer to sell or a solicitation of an offer to purchase any SAFE tokens and is not an offering, advertisement, solicitation, confirmation, statement, or any financial promotion that can be construed as an invitation or inducement to engage in any investment activity or similar. 

The Safe Ecosystem Foundation makes no representations, warranties and/or covenants with respect to the Safe Technology (or any implementations of the Safe{Wallet} and/or Safe Smart Accounts) or any program (Grants, Hackathons and/or any other forms of funding) run by the Safe Ecosystem Foundation. You should not rely on the content herein for advice of any kind, including legal, investment, financial, tax, or other professional advice, and such content is not a substitute for advice from a qualified professional.

Please note that residents in (including the United States) may not be eligible for the boost and rewards. This means that your boost might not be applied to certain reward types, e.g. token rewards such as SAFE and you might not be eligible to receive certain types of rewards.

PLEASE NOTE THAT LOCKING YOUR SAFE TOKEN ONLY WITHOUT PARTICIPATING IN OTHER ACTIVITIES DOES NOT QUALIFY YOU TO POTENTIALLY RECEIVE REWARDS.

Please note that participating in the Safe{Pass} Program, collecting points and completing activities DOES NOT GUARANTEE THAT YOU WILL RECEIVE REWARDS. Terms & Conditions