Accessifi
  • Beta Testnet Tutorial
  • Overview
  • Design concept
    • What is a SAFT?
    • What is a SAFT NFT?
  • Accessifi modules
  • Explore the Marketplace
    • Status of NFT/SAFT
    • Detailed Information Page
  • Create SAFT NFTs
    • I have tokens
      • Basic Info
      • Token Allocation
      • Vesting Model
      • Important Notice and Review
      • Create SAFT NFT
    • I have a SAFT
      • Basic Info
      • Token Allocation
      • Vesting Model
      • Create SAFT NFT
      • Important Notice and Review
  • Manage Portfolio
    • NFTs
      • List SAFT NFT for sale
      • Collected
      • Created
    • Activity
    • SAFTs
      • All
      • Created
    • SAFT Verification
  • Token Economic (Coming soon)
    • Accessifi Token
  • Development & Governance
    • DAO Governance
    • Road Map
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  1. Design concept

What is a SAFT?

A SAFT is an investment contract. A SAFT transaction contemplates an initial sale of a SAFT by developers to investors. The SAFT obligates investors (institutions) to immediately fund the developers. In exchange, the developers use the funds to develop a genuinely functional network, with genuinely functional utility tokens and then deliver those tokens to the investors once functional. The investors may then resell the tokens to the public, presumably for a profit, and so may the developers.

Often venture capitalists and private equity investors invest long before projects and teams have a genuine functioning product; and these funds are used to accelerate the development and functionality. Purchasers in these direct presales receive a discount purchasing price with the intent and expectations of profits predominantly from the seller’s efforts to create functionality in the token.

To be sure, public purchasers may still be profit-motivated when they buy a post-SAFT utility token. Unlike a pre-functional token, though, whose market value is determined predominantly by the efforts of the sellers in imbuing the tokens with functionality, a genuinely functional token's value is determined by a variety of market factors. Sellers of already functional tokens have likely already expended the “essential” managerial efforts. A SAFT framework elegantly navigates the money services and tax laws and addresses the significant policy concerns with the direct token presale alternative.

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Last updated 3 years ago

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