what s the difference between a token warrant and an saft 
a warrant is an investing instrument that gives the purchaser the right but not the obligation to purchase an underlying asset from the issuer at a specific price and date a token warrant is an instrument that gives the purchaser the right but no obligation to purchase cryptocurrency at a specified date and price from the issuer the bottom linea simple agreement for future tokens is a contract between a blockchain developer and a buyer who contributes a certain amount of capital for the promise of an equal amount of tokens when the project meets specific goals an saft is similar to an safe which is for equity safts are generally only available to accredited investors institutional investors or those with more than 1 million in net worth and more than 200 000 in annual income they can be risky investments because there are no guarantees that the company developing the token will succeed and no way for the investor to recoup any losses the comments opinions and analyses expressed on investopedia are for informational purposes only read our warranty and liability disclaimer for more info as of the date this article was written the author does not own cryptocurrency 