Info

The Bitcoin Podcast Network

The Bitcoin Podcast Network is an independent media organization since 2015. A daily collection of long form conversations, in the form of a podcasts where the world's leading thinkers and doers give us a slice of their perspective. Look for talks on Cryptocurrency, Blockchain Technology, Global Issues and much more. Founded by Marcello Milteer, Demetrick Ferguson and Dr. Corey Petty.
RSS Feed Subscribe in Apple Podcasts
2018
July
June
May
April
March
February
January


2017
December
November
October
September
August
July
June
May
April
March
February
January


2016
December
November
October
September
August
July
June
May
April
March
February
January


2015
December
November
October
September
August
July
June


Categories

All Episodes
Archives
Categories
Now displaying: Page 1
Jul 25, 2017

Juan Benet and Jesse Clayburgh of Protocol Labs, and Ryan Zurrer of Polychain Capital, discuss the Simple Agreement for Future Tokens (SAFT). Inspired by Y Combinator’s “Simple Agreement for Future Equity”, the SAFT standardizes the legal framework surrounding token issuance and governs the nature of the transactions involved (i.e. the deployment of capital and distribution of tokens).

The complex legal environment surrounding tokens, especially in the US, has led many entrepreneurs to choose to leave Silicon Valley because they can develop the technology better elsewhere. Those who remain in the US have had to compromise on the optimization of their models in order to comply with legacy regulatory frameworks. Recognising these limitations, and seeking to mature the ecosystem beyond such models, several interested parties (including Protocol Labs, AngelList and CoinCenter) have worked together to create standard legal agreements for this novel asset class.

Essentially, a SAFT represents a promise for future tokens at a fixed price. The agreement can be structured so that investors receive these tokens when the network launches, or with inbuilt vesting to incentivise continued support by investors.

The development of the SAFT model involved consultations with the SEC and CFTC, as well as the foremost legal experts at the intersection of cryptocurrencies, securities law and regulatory compliance. By simplifying token issuance and the requisite compliance concerns, it provides an essential bridging of the gap between current technological progress and future regulation.

protocol.ai
twitter.com/protocollabs
twitter.com/juanbenet
twitter.com/jesseclayburgh

polychain.capital
angel.co/polychain-capital
twitter.com/ryanzurrer

consensys.net
consensysmedia.net
https://itunes.apple.com//podcast/the-ether-review/id899090462?mt=2

0 Comments
Adding comments is not available at this time.