# $SAFU Token $SAFU token is a governance and utility token linked to a capital pool. When contributing $S to the capital pool, $SAFU is minted and sent to the contributor's wallet. * Onchain Governance: $SAFU holders vote on protocol upgrades and investment allocations. * DAO Governance: Members use $SAFU to decide on the use of DAO treasury funds through proposals and voting. * Staking: $SAFU is used for staking, allowing members to create capacity for cover purchases and earn rewards from cover fees. * Claims Assessment: Stakers participate in assessing claims with a lockup period to prevent attacks; fraudulent voters risk having their staked $SAFU burned.

Token Benefits

### Total initial token supply of $SAFU: 20M 9M (45%) Safura DAO (for contributors, bounties & marketing; expenses max. 10% per year)\ 5M (25%) Community Incentives\ 4M (20%) Fairlaunch \ 2M (10%) AuditOne Treasury (1-year cliff and 4 years vesting) \ 1,000 Safura Shields NFTs are airdropped to the community.\ NFT holders get early access to the fair launch and receive 0.5% of $SAFU tokens. The tokens will be unlocked over 6 months starting in Q3.
As Safura is part of AuditOne's ecosystem, $AUDIT holders can convert their tokens to $wSAFU (up to 1M (5%) is made available by the Safura DAO treasury). We will announce a guide on "how to" once the technical infrastructure is developed. *** ### **Contributor compensation (vested) for the first year:** #### **1,000,000 $SAFU (5%) = $50,000** **5% of the total token supply** (valued at $50,000, based on the fictional $1M starting valuation) is allocated for Core Contributors (CC) in the first year. Special task bounties might come up that will be covered by the Safura DAO allocation. #### **Breakdown of Allocation** 1. **Lead (160,000 $SAFU = $8,000):** * The lead contributor receives **16% of the allocated 100,000 tokens**, emphasizing their pivotal role in guiding the DAO’s development. * This substantial reward reflects the responsibilities and strategic influence the lead is expected to have. 2. **Other Committee Members (each 120,000 $SAFU = $6,000):** * Committee members **each receive 12% of the allocated tokens** for their critical support in decision-making and execution. 3. **Non-Committee Members (each 40,000 $SAFU = $2,000):** * Non-committee contributors **each receive** **4% of the allocated tokens**, recognizing their valuable, albeit limited, contributions to the DAO. *** #### **Premise of Allocation** 1. **Gradual Unlocking Over the Year:** * Tokens are vested incrementally (e.g., monthly or quarterly), ensuring contributors remain aligned with the DAO’s goals throughout the year. * This avoids front-loading rewards and incentivizes sustained efforts. 2. **Contribution-Based Distribution:** * Allocations are tied to predefined roles and contributions. Contributors are rewarded based on their impact and responsibilities within the DAO. 3. **Authority to Cancel Token Allocations:** * The **Lead** has the authority to **terminate future token unlocks** for contributors who fail to meet their commitments. * This safeguard ensures accountability and protects the protocol’s resources. *** #### **Token vesting & unlock through Hedgey Finance** * **Key Features:** * Transparent, trustless execution of vesting schedules. * Contributors can track their vesting schedules and claim tokens automatically. * Minimizes manual oversight, reducing the risk of errors or disputes. *** #### **Subsequent Years (Year 2, Year 3, etc.)** 1. **Evaluation-Based Adjustments:** * Token allocations may change based on annual evaluations of: * Contributors’ performance and impact. * The DAO’s evolving requirements and goals. * External factors such as market conditions. 2. **Dynamic Allocation:** * Future allocations ensure the DAO remains flexible and can adapt rewards to incentivize contributors as the protocol matures.