Cool Simple Agreement For Future Tokens Template. Web it’s based on ycombinator’s safe: What is a simple agreement for future tokens (saft)?
Web by oluwapelumi adejumo · 7 min read. We’ve called it, imaginatively enough, the safte: Safts were developed to assist cryptocurrency ventures in raising funds without violating regulations.
What is a simple agreement for future tokens (saft)? Rather than offering new tokens immediately, as would happen in an ico, a saft promises investors tokens in the future, after the project launches. Web a saft is a simple agreement for future tokens.
Over 60 companies have raised more than $564 million using this method. The main difference is that the tokens are not delivered immediately, like in most icos. The benefit for developers is that they can raise funds prior to.
It is a promise for future tokens. “tie” or “token integration event” means, as determined by the company in its sole and absolute discretion, the date of initial bona fide public release of the tokens by the company. Web what is a simple agreement for future tokens (saft)?
In the u.s., the saft itself is a security, so it could be offered in a private placement to accredited investors. Reviews on google and trustpilot. Web simple agreement for future tokens (saft) are a type of fundraising targeted at accredited investors (those with a high net worth).
The saft is the commercial instrument used to convey rights in tokens prior to the development of the tokens’ functionality. Web this agreement is ensuring investors the delivery of tokens once a functioning network or application has been developed and tokens can be used on it. Web “saft” simple agreement for future tokens is an instrument granting future rights to an investor to receive an amount of tokens in relation to their investment.
