Legal Structuring of Token Issuance and Initial Distribution, and SAFT Conversion
Choosing a Token-friendly Country and Registering a Token Company
Stage 3. Token Initial Issuance and Distribution
What’s the purpose of this task?
You will need these legal works to structure a token-related investment round.
Why do I need to complete this task? What will it allow me to do?
This will help you to:
• Structure a token-related investment round
• Define the conversion event of the SAFT and lock-up
restrictions for investors' tokens
• Define the token price and token allocation for investors
When do I need it? When is the best time to do it?
When starting a token-related fundraising campaign.
How should I do it? Are there any best practices?
A SAFT (Simple Agreement for Future Tokens) usually includes information about the total number of tokens to be minted, the token allocation for the investors, the token price, the SAFT conversion event, and any lock-up restrictions, etc.
What’s important to remember for this stage?
If the investors expect to receive not just tokens but also equity of the Token company it might be better to use a SAFTE (Simple Agreement of Future Tokens & Equity) instead of a SAFT.
How much time does it usually take?
This can usually be completed within 1 to 2 weeks, however actual times vary depending on individual project requirements.
Prices for this task start from USD $1000
Prices for add-ons are indicative only. Final prices vary and are set by service providers from the Legal Nodes Network.
Add-ons are only available with a monthly plan from Legal Nodes.
Legal Nodes does NOT provide legal services. Instead, we provide Virtual Legal Officers to orchestrate your legal workload and manage relationships with your service providers. Plans start from $499 per month and gives you access to the Legal Nodes Network of service providers and add-ons, including this one!
