Design concept

A Simple Agreement for Future Tokens (SAFT) is the traditional agreement between early startups and venture capitalists, private equity funds, and accredited investors. When starting a new startup many projects lack the financing to hire and develop a complete team and often turn to investment to help alleviate this pain point, initially raising a seed round and angel round prior to listing for IDO or IEO. In order for the startup and the investor to follow compliance and securities law, a contract is written in which the startup will provide tokens to the investor at a future date often referred to as the lock-up period. The investor or venture capital firm often receives favorable terms and a discounted rate on the token for providing early financial support during the development of the project prior to issuing tokens and listing on exchanges.

Throughout the early stages of a startup, and prior to IDO, IEO, or exchange listing, speculation from investors may often increase an expected token price even prior to the issuance of tokens. While a given valuation of each token is set by the project upon issuance, the price of the token may increase upon issuance or decline, yet at this time the venture capital or investor is still locked into their agreement usually pertinent to at least a minimum of one to two years if not longer. More often than not, venture capital firms depending on their investment strategy prefer to exit a particular position after reaching a set return on the investment benchmark, even if there is still an opportunity for future gains. Many, wish to exit their position and realize their gains and reinvest back into another project for a higher return. Yet, the SAFT agreements are binding and do not allow VCs or investors to exit.

NFT is a viable solution to support complex financial products. An NFT can easily be used in activities involving bonds, collateral, lending, combinations, and trading. The price evaluation of NFTs, determined through a well-developed price oracle, is based on its underlying asset. Thus, NFTs are the base infrastructure for trading, investing, and financing in the crypto world.

Accessifi is providing a solution from the beginning by creating a decentralized marketplace for verification, minting, and trading of SAFT NFTs which will allow VCs to exit and retail investors access to early-stage projects which they may have never had the opportunity to be part of before listing. Venture capital firms are able to utilize the marketplace by amending the SAFT agreement during the verification process and then mint the agreement into a set of SAFT NFTs and list them on the marketplace for the retail market. By minting the SAFT into NFTs, the asset becomes programmable with additional descriptive parameters. Operations related to the asset can be performed automatically on the blockchain, making NFTs an efficient representation of assets. Although the NFT itself is illiquid, the underlying assets can interact with more applications, making the assets activity ratio, asset turnover ratio, and value created significantly higher. For thris eason, Accessifi has built a multi-chain aggregated Mint Protocol.

Some applications may lead to programmed assets (NFTs) growing in accordance with certain rules. An NFT can have a factor of future value, affecting its present value and therefore create fluctuations as it generates a desire for future transactions. In applications like DAO governance and GameFi, the same type of NFTs with different parameters can greatly influence the value and collection of demand. Based on this, Accessifi has built a multi-chain NFT marketplace to fit each need.