Clear DefinitionsSAFT
1 min read
Pronunciation
[săft]
Analogy
SAFT is like buying a prepaid gift card for a product before it exists.
Definition
Abbreviation for Simple Agreement for Future Tokens, a contractual instrument for compliant pre‑token sale fundraising.
Key Points Intro
SAFT shorthand denotes:
Key Points
Future token right: Not an immediate token grant.
Securities treatment: Follows accredited investor rules.
Vesting & delivery: Tokens distributed post‑launch with schedule.
Standardized legal template: Widely used in token pre‑sales.
Example
Investors sign SAFTs in Q1 2025 and receive tokens in Q3 2025 after mainnet launch.
Technical Deep Dive
SAFT agreements reference a token issuance smart contract with parameters for each investor. Post‑launch, an `InvestorClaim` contract verifies SAFT signature and investor address via EIP‑712 typed data, then mints tokens according to vesting.
Security Warning
Failure to deliver tokens per SAFT terms can trigger legal disputes; ensure smart contract aligns with SAFT provisions.
Caveat
SAFT does not guarantee token economics success; it's a funding mechanism only.
SAFT - Related Articles
No related articles for this term.