Safe tokens are from the outset non-transferable. SafeDAO can decide if and when it becomes transferable. After an initial vote on transferability has failed (SEP #2), SafeDAO voted that several milestones have to be met before voting again on transferability (SEP #3):

• [x] Milestone A: The claim period has passed
• [x] Milestone B: An SEP on a constitution has been ratified (completed with SEP #4)
• [x] Milestone C: An SEP on a governance framework has been ratified (completed with SEP #7)
• [x] Milestone D: An SEP on a resource allocation framework has been ratified (completed with SEP #8)
• [x] Milestone E: An SEP on token utility has been ratified (completed with SEP #21)