what is a simple agreement for future tokens saft 
a simple agreement for future tokens saft is an investment contract offered by cryptocurrency developers to accredited investors because safts are considered a security instrument they must be filed with the securities and exchange commission filing the contract does not register securities with the sec it merely announces that there is an agreement between the developers seeking funding and investors capital in exchange for tokens when certain development conditions are met understanding simple agreement for future tokens safts a saft is an investment contract they were created as a way to help new cryptocurrency ventures raise money without breaking financial regulations specifically regulations that govern when an investment is considered a security essentially it s designed as a way to receive funding while bypassing regulatory registration requirements it s important to understand that the tokens are generally not issued or functional at the time the contract is signed investors receive their tokens after the issuer achieves specific goals 