What Is a SAFT?

[bitman007]

Hello Friends, hope all are doing great in Crypto,. everyday is new things to learn in crypto. I like to share i learning daily, today i want o talk about SAFT, which is related to Tokens, May be many know about it and many still didnt hear , Kindly read it carefully and commnet if you know more about it : 

What Is a SAFT?

SAFT stands for Simple Agreement for Future Tokens and represents a concept of running a token sale. In its essence, a SAFT is an investment contract providing investors with the right to receive tokens after the project is launched. Tokens are deemed securities, and the project that is using a SAFT should register with the SEC or file documents confirming it may be exempt from registration in accordance with law. Developers do not conceal the fact that they will use raised funds for improving the platform over the course of many months or even years.

SAFT was introduced in October 2017 by attorney Marco Santori and the Protocol Labs team. The latter also developed the FileCoin crypto project that managed to raise then-record $257 million. After FileCoin, a SAFT was used by Kin, Telegram, 0x, Origin, Dehedge, and Basecoin.

Thanks

Good Luck All.

[williamshennie9]

Thank you for posting this - very interesting indeed.

I was also surprised to learn how recently this was implemented, less than a year ago

[6710590]

спасибо большое