Safe token, a project focused on decentralized ownership and smart accounts, experienced a significant drop in price following the unlocking of its token transferability. The token, which had been locked for two years, was made transferable after a vote by SafeDAO, with 99.1% of participants approving the proposal.

The decision to unlock the tokens was part of SafeDAO's strategy for progressive decentralization. The DAO had collaborated on a roadmap covering governance processes and resource allocation, ensuring that key milestones were met before enabling token transferability. This approach aimed to mature the project's ecosystem before granting users greater utility and control over their tokens.

Despite the price drop, Safe token's ecosystem saw remarkable growth. The project reported a 22-fold increase in its user base, indicating strong community engagement. Additionally, Safe secured $100 billion in assets and witnessed the creation of 7.5 million accounts, highlighting significant adoption and interest in its offerings.

Looking ahead, Safe token aims to build the internet's ownership layer, empowering users with control over their data, identity, and assets within the Web3 space. The project plans to implement native integration for layer-2 solutions to enhance scalability and cross-chain functionality. Furthermore, Safe intends to foster community activities to strengthen its ecosystem and drive further adoption.

Despite the initial price drop, the unlocking of token transferability marks a new chapter for Safe token, signaling its commitment to empowering users and advancing the Web3 ecosystem.