SAFT goes forward in the world of the ICO

Is SAFT a guarantee of the legality of ICOs?
23 November 2017   1868

A lot of people don’t trust ICO because sometimes it seems like something illegal and doubtful. Adoption of the SAFT project means that investors do not have to fear that their money will disappear without leaving a trace. 

The abbreviation SAFT stands for “Simple Agreement for Future Tokens”. As stated in the white paper, SAFT is an official contract, which must be sold to investors. According to the contract, providers of capital have to support the company, which uses ICO, and the developers have to spend this money on building of an efficient network with required tokens. 

Equally important is another requirement for SAFT. It should be in conformity with the law of countries of investors and developers. The contract guarantee that the company has no right to issue tokens, which can be out of order. SAFT plays the role of intermediator between two parties and regulates their economic relations. The developer gets money through SAFT and the investor is entitled to expect some benefits from the company. 

Raven Protocol to be the First IDO at Binance DEX

Team cannot say exactly how IEO will pass, since similar campaigns hadn't been concluded at Binance DEX before, but they are going to sell $500k worth tokens
14 June 2019   408

The Raven Protocol cryptocurrency project announced about the planned initial exchange offering (IEO), which will be based on the infrastructure of the Binance DEX exchange - in this case the campaign will be called IDO or Initial Dex Offering.

Raven Protocol confirmed the right to list its token on Binance DEX paired with BNB on June 17 at 9:00 UTC. At the same time, the IDO of RAVEN tokens will start. The project draws attention to the fact that neither Binance, nor Binance Chain, nor Binance DEX stand behind this initiative.

At the same time, Raven Protocol notes that it cannot say how exactly IEO will pass, since with Binance DEX, similar campaigns have not been conducted before.

Potential participants need to pass a preliminary identification by sending to the address of their address in the Binance Chain, an identity document, a selfie and proof of residence.

In total, Raven Protocol expects to raise $ 500,000 by selling 3% of its own token emission (300,000,000 RAVEN). Accommodation will be on a first come, first served basis. The limit on the amount of investment for one user is declared at the level of 100 BNB.