Institutional-grade wallet Safe plans to launch its own token called SAFE, but there is no firm timeline for the launch.
However, crypto analysts said investors could start betting on Safe’s success through some kind of backdoor by buying GNO tokens linked to Safe’s parent company Gnosis.
GNO’s price has risen more than 30% since Safe raised $100 million in strategic funding from more than 50 investors including 1kx, Coinbase Ventures, Tiger Global Management and Digital Currency Group earlier this month. Previously, George said the SAFE token could be launched in September or October.