List Of Simple Agreement For Future Tokens Template. Rather than offering new tokens immediately, as would happen in an ico, a saft promises investors tokens in the future, after the project launches. Over 60 companies have raised more than $564 million using this method.
In this guide, we’ll walk you through the basics of safts, from how they work to where they could fit into your startup’s cap table. Web simple agreement for future tokens. What is a simple agreement for future tokens (saft)?
In this guide, we’ll walk you through the basics of safts, from how they work to where they could fit into your startup’s cap table. Just fill in the details on our simple workflow and you’re ready to raise. “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 simple agreement for future tokens. Easy to create, negotiate and sign online. Rather than offering new tokens immediately, as would happen in an ico, a saft promises investors tokens in the future, after the project launches.
In the u.s., the saft itself is a security, so it could be offered in a private placement to accredited investors. Specifically, it’s based on the ‘ discount, no cap ’ safe, which felt like the right balance of benefit to the purchaser for the higher risk they were taking, and. These are specifically designed token sales and are not meant to represent equity in a company.
Select a blockchain network where the tokens will be issued and a technical standard for the token itself will be determined; The saft is the commercial instrument used to convey rights in tokens prior to the development of the tokens’ functionality. Web by oluwapelumi adejumo · 7 min read.
Web safts (as defined below) and tokens. “saft” means an agreement containing a future right to tokens, similar in form and content to this agreement. It is a promise for future tokens.
