SAFT (Simple Agreement for Future Tokens)

SAFT (Simple Agreement for Future Tokens)

The Simple Agreement for Future Tokens (SAFT) is an instrument and open-source framework for cryptographic token sales.

All edits by  Alex Dean 

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Related Topics
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Timeline

SAFT project is project launched

Filecoin Sale is completed using SAFT

Filecoin becomes the first token to utilize the SAFT instrument with their raise of more than $200 million dollars worth of USD, ETH, BTC, and ZEC.

Edits on 7 Dec, 2017
Alex Dean
Alex Dean edited on 7 Dec, 2017
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Timeline

SAFT is project launched

The SAFT project is launched with a whitepaper describing the goals of the SAFT project. The paper was written by Juan Benet, Marco Santori, and Jesse Clayburgh and was released as an open source document available on the SAFT github.

Edits on 13 Nov, 2017
Alex Dean"added to further reading"
Alex Dean edited on 13 Nov, 2017
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Further reading

Author
Title
Link

Jerry Brito

The SAFT Is a Symptom of Regulatory Uncertainty

https://www.coindesk.com/saft-symptom-regulatory-uncertainty/

Edits on 24 Oct, 2017
Alex Dean"added related topic"
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Alex Dean"+further reading"
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Further reading

Author
Title
Link

Jason Civalleri

Calling All Attorneys – The SAFT Project Aims To Create The Perfect ICO Legal Framework

https://www.ethnews.com/calling-all-attorneys--the-saft-project-aims-to-create-the-perfect-ico-legal-framework

Multiple

SAFT - Simple Agreement for Future Token (github

https://github.com/saft-project/saft

Alex Dean"prose and further reading"
Alex Dean edited on 18 Oct, 2017
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The Simple Agreement for Future Tokens (SAFT) is an open-source agreement framework for token sales developed by Protocol Labs in collaboration with AngelList and Cooley. The SAFT is inspired by the Simple Agreement for Future Equity (SAFE) developed by Y Combinator. It is used as the default agreement by Coinlist, a platform for connecting token based networks with investors for pre-launch token sales. The first use of the SAFT was implemented for the Filecoin token sale by Protocol Labs.

Further reading

Author
Title
Link

David Gobaud

ICOs and the SAFT — Why, What, and How

https://medium.com/cryptos-today/icos-and-the-saft-why-what-and-how-9dee58cc0059

Alex Dean"prose edits"
Alex Dean edited on 18 Oct, 2017
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Article

The Simple Agreement for Future Tokens (SAFT) is an open-source agreement framework for token sales developed by Protocol Labs in collaboration with AngelList. The SAFT is inspired by the Simple Agreement for Future Equity (SAFE) developed by Y Combinator. It is used as the default agreement by Coinlist, a platform for connecting token based networks with investors for pre-launch token sales. The first use of the SAFT was implemented for the Filecoin token sale by Protocol Labs.

A SAFT is a investment contract between investors and developers. Investors pay money to developers for the right to tokens upon completion of the product.

...

It was developed towards the goal of developing legal standards and a regulatory compliant framework around digital token salesA SAFT is an investment contract between investors and developers. Investors pay money to developers for the right to cryptocurrency tokens upon completion of the product. It is part of the developing legal standards and regulatory frameworks arising around digital token sales. It was created to address concernsamid uncertainty over the legal structure around of the increasingly popular initial coin offering (ICO) ecosystem and uncertainty over whether many digital tokens sales comply with US securities law. . The U.S. SEC has released statements suggesting some token sales may fall under U.S. securities law depending on the particular facts and circumstances of the unique token sale as well as a comprehensive report specifying the DAO tokens as securities. China’s central bank and South Korean financial regulators have taken notice both issued bans on current ICO activity in September 2017.

Edits on 3 Oct, 2017
Alex Dean
Alex Dean edited on 3 Oct, 2017
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Further reading (+1 rows) (+3 cells) (+166 characters)
Further reading

Author
Title
Link

Juan Batiz-Benet, Marco Santori, Jesse Clayburgh

The SAFT Project: Toward a Compliant Token Sale Framework

http://www.saftproject.com/static/SAFT-Project-Whitepaper.pdf

Alex Dean
Alex Dean edited on 3 Oct, 2017
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Further reading

Author
Title
Link

Preston Byrne

Thoughts on the SAFT

https://prestonbyrne.com/2017/08/04/thoughts-on-the-saft/

Alex Dean
Alex Dean edited on 3 Oct, 2017
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Categories
Related Topics
Alex Dean
Alex Dean edited on 3 Oct, 2017
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Introduction

The Simple Agreement for Future Tokens (SAFT) is an open-source agreement framework for token sales by Protocol Labs in collaboration with AngelList. The SAFT is inspired the Simple Agreement for Future Equity (SAFE) developed by Y Combinator. It is used as the default agreement by Coinlist, a platform for connecting token based networks with investors for pre-launch token sales. The first use of the SAFT was for the Filecoin token sale by Protocol Labs.

...

It was developed towards the goal of developing legal standards and a regulatory compliant framework around digital token sales. It was created to address concerns over the legal structure of the increasingly popular initial coin offering (ICO) ecosystem and uncertainty over whether many digital tokens sales comply with US securities law. The U.S. SEC has released statements suggesting some token sales may fall under U.S. securities law depending on the particular facts and circumstances of the unique token sale as well as a comprehensive report specifying the DAO tokens as securities. China’s central bank and South Korean financial regulators have taken notice both issued bans on current ICO activity in September 2017.

Alex Dean
Alex Dean edited on 3 Oct, 2017
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Article (+18/-17 characters)
Article

The SAFT project launcedlaunched a website and github organization on October 2nd, 2017 along with a SAFT whitepaper written by Juan BenetJuan Benet, Marco Santori, and Jesse Clayburgh.

Edits on 3 Oct, 2017
Alex Dean
Alex Dean edited on 3 Oct, 2017
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Article (+191/-88 characters)
People (+2 rows) (+2 cells) (+38 characters)
Companies (+1 rows) (+2 cells) (+20 characters)
Article

A SAFT is a investment contract between investors and developers. Investors pay money to developers for the right to tokens upon completion of the product.

A SAFT is a promise of future digital tokens at a fixed price It was developed towards the goal of developing legal standards and a regulatory compliant framework around digital token sales. It was created to address concerns over the legal structure of the increasingly popular initial coin offering (ICO)initial coin offering (ICO) ecosystem and uncertainty over whether many digital tokens sales comply with US securities law. The U.S. SEC has released statements suggesting some token sales may fall under U.S. securities law depending on the particular facts and circumstances of the unique token sale as well as a comprehensive report specifying the DAO tokens as securities. China’s central bank and South Korean financial regulators have taken notice both issued bans on current ICO activity in September 2017.

People

Name
Related Golden topics

Jesse Clayburgh

Marco Santori

Companies

Company
CEO
Location
Services

Cooley LLP

Joe Conroy

Alex Dean
Alex Dean edited on 3 Oct, 2017
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Article

The SAFT is the default agreement for investments on the website CoinList.co

The Simple Agreement for Future Tokens (SAFT) is an open-source agreement framework for token sales by Protocol Labs in collaboration with AngelList. The SAFT is inspired the Simple Agreement for Future Equity (SAFE) developed by Y Combinator. It is used as the default agreement by Coinlist, a platform for connecting token based networks with investors for pre-launch token sales. The first use of the SAFT was for the Filecoin token sale by Protocol Labs.

...

The SAFT was created by Protocol Labs in partnership with AngelList and Cooley.

A SAFT is a promise of future digital tokens at a fixed price developed towards the goal of developing legal standards and a regulatory compliant framework around digital token sales. It was created to address concerns over the legal structure of the increasingly popular initial coin offering (ICO) ecosystem and uncertainty over whether many digital tokens sales comply with US securities law. The U.S. SEC has released statements suggesting some token sales may fall under U.S. securities law depending on the particular facts and circumstances of the unique token sale as well as a comprehensive report specifying the DAO tokens as securities. China’s central bank and South Korean financial regulators have taken notice both issued bans on current ICO activity in September 2017.

The SAFT project launced a website and github organization on October 2nd, 2017 along with a SAFT whitepaper written by Juan Benet, Marco Santori, and Jesse Clayburgh.

Documentaries, videos and podcasts

Title
Date
Link

TGEs (5/18): US SAFT projects (Simple Agreement for Future Tokens)

Jul 24, 2017

https://www.youtube.com/watch?v=93grDecKQgc

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