What Is SAFT (Simple Agreement for Future Tokens)?

A SAFT (Simple Agreement for Future Tokens) is a legal agreement between an investor and a blockchain startup that provides the investor with the right to receive tokens in the future once the startup's blockchain network is live and functional. The SAFT is typically structured as a type of investment contract, similar to a Simple Agreement for Future Equity (SAFE) or a convertible note, and it is often used in initial coin offerings (ICOs) or token generation events (TGEs). An…