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A Simple Agreement for Future Tokens (SAFT) is a legal contract that blockchain startups in the Philippines use to raise funds by promising investors future access to their digital tokens or cryptocurrency. It works like a forward contract, giving early backers the right to receive tokens once the platform launches and complies with Philippine SEC regulations.

SAFTs help Filipino tech companies navigate the complex world of token sales while staying on the right side of securities laws. They're particularly useful for projects that need capital before their tokens are ready, as the agreement clearly outlines conversion terms, investor rights, and compliance requirements under local financial regulations.

Use a Simple Agreement for Future Tokens when your blockchain startup needs to raise funds before launching its actual cryptocurrency or token platform in the Philippines. This agreement makes sense during early development stages when you have a solid technical foundation but need capital to complete the project and navigate SEC requirements.

The SAFT works especially well for projects that require significant development time, as it lets you secure funding while protecting both investor interests and regulatory compliance. It's particularly valuable when dealing with qualified investors who understand the risks and technical aspects of blockchain ventures under Philippine securities laws.

• Simple Agreement for Future Tokens come in three main variations in the Philippines: Standard SAFTs for qualified investors with fixed conversion terms, Discounted SAFTs offering early backers better rates, and Capped SAFTs that set maximum token values. Other key differences include vesting schedules, lockup periods, and specific rights during network launches. Most Filipino blockchain projects customize these elements based on their development timeline and SEC compliance needs.

• Blockchain Startups: Tech companies developing cryptocurrency or token platforms use Simple Agreement for Future Tokens to secure early-stage funding while building their products.
• Accredited Investors: High-net-worth individuals or institutional investors who provide capital in exchange for future token rights, subject to Philippine SEC guidelines.
• Legal Counsel: Corporate lawyers who draft and review SAFTs to ensure compliance with securities regulations and protect both investor and company interests.
• Company Officers: CEOs, CFOs, and other executives who negotiate terms and sign these agreements on behalf of their organizations.

• Project Details: Document your token's technical specifications, intended utility, and development timeline.
• Investor Information: Gather accreditation proof and KYC documents from potential investors per Philippine SEC requirements.
• Token Economics: Define conversion rates, vesting schedules, and maximum token allocation for SAFT holders.
• Legal Framework: Our platform helps ensure compliance with Philippine securities laws while generating your SAFT.
• Internal Review: Have your technical team verify token specifications and company officers confirm financial terms before finalizing.

• Token Details: Clear description of the future tokens, including technical specifications and intended functionality.
• Purchase Terms: Token price, quantity, discount rates, and specific conditions for token delivery.
• Conversion Mechanism: Detailed process for converting the SAFT into tokens upon network launch.
• Investor Rights: Voting privileges, transfer restrictions, and information access rights under Philippine law.
• Risk Disclosures: Comprehensive overview of project risks and regulatory compliance statements.
• Legal Framework: Our platform ensures all these elements are properly structured and compliant with Philippine securities regulations.

A Simple Agreement for Future Tokens (SAFT) differs significantly from a Simple Agreement for Future Equity (SAFE) in several key ways, though both are investment instruments used in the Philippines startup ecosystem.

• Asset Type: SAFTs promise future cryptocurrency tokens, while SAFEs convert to company equity shares.
• Regulatory Framework: SAFTs fall under Philippine cryptocurrency and securities regulations, whereas SAFEs are governed by traditional corporate law.
• Conversion Trigger: SAFTs convert when the token network launches, but SAFEs typically convert during equity financing rounds.
• Investor Rights: SAFT holders receive specific token allocations with potential trading restrictions, while SAFE holders gain stockholder rights and protections.
• Risk Profile: SAFTs carry additional technical and regulatory risks related to blockchain technology, beyond the standard startup risks in SAFEs.