SAFTE (Simple Agreement for Future Tokens or Equity)
The SAFTE (Simple Agreement for Future Tokens or Equity) is a legal document for fund raising based on Y Combinator's SAFE (Simple Agreement for Future Equity) note, specifically the 'Discount, no Cap' SAFE. It has parallels with the SAFT (Simple Agreement for Future Tokens) note.
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SAFTE SAFTE (Simple Agreement for Future Tokens or Equity)
The SAFTE (Simple Agreement for Future Tokens or Equity) is a legal document for fund raising based on Y Combinator's SAFE (Simple Agreement for Future Equity) note, specifically the 'Discount, no Cap' SAFE. It has parallels with the SAFT (Simple Agreement for Future Tokens) note.
The SAFTE (Simple Agreement for Future Tokens or Equity) was developed by the Colony Network and provides a mechanism for investors to be offered a discount to a future token sale or equity. If a token sale does not take place, the investor has a right to equity in the company issuing the SAFTE.
The SAFTE doesn't accrue interest and is not a debt instrument.
SAFTE
The SAFTE (Simple Agreement for Future Tokens or Equity) is a legal document for fund raising based on Y Combinator's SAFE (Simple Agreement for Future Equity) note, specifically the 'Discount, no Cap' SAFE. It has parallels with the SAFT (Simple Agreement for Future Tokens) note.
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