A Simple Agreement for Future Tokens (SAFT) is a financial instrument used to raise funds for blockchain projects. It allows investors to provide capital to a project in exchange for future tokens that will be issued once the project is fully developed.In this arrangement, the investors commit to buying tokens at a future date, often at a predetermined price. The agreement typically specifies when and how the tokens will be distributed. The main goal of a SAFT is to comply with regulatory frameworks, as it aims to avoid classifying tokens as securities at the time of the investment.SAFTs are designed for accredited investors, ensuring that only those with sufficient financial knowledge engage in these agreements. This model helps protect early-stage projects from legal issues while providing a mechanism for capital raising. By structuring it this way, projects can focus on development without immediate pressure to launch tokens. In summary, a SAFT is a pragmatic tool for the funding and eventual token distribution of blockchain initiatives.