SAFT goes forward in the world of the ICO

Is SAFT a guarantee of the legality of ICOs?
23 November 2017   1417

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. 

DFINITY to Postpone Internet Computer Launch

The project is currently assessing the time frame for the completion of the MVP
14 December 2018   88

The blockchain project Dfinity reported in its blog postponing the launch of its main product.

Previously, Dfinity chief scientist Dominic Williams said that his company intends to create an “Internet computer that will become cloud 3.0”, compete with Google Cloud and Microsoft Azure, and also change the face of the blockchain industry.

According to him, the project team is developing a technology that has 150 higher performance than Ethereum blockchain and 900 times - Bitcoin. In essence, the project creates a “giant Internet computer”, whose work will be supported not by one company, but by all participants of the Dfinity protocol.

Initially, the release of a minimum viable product (MVP) was planned for the first quarter of 2019. However, according to company representatives, working on a trimmed version may slow down progress in creating a complete product.

The project is currently assessing the time frame for the completion of the MVP. Also, noted in Dfinity, before the end of the first quarter a new set of development tools (SDK) will be released, which will shed light on the future plans of the company.

In August, the Dfinity Foundation attracted $ 102 million of investments in the framework of a closed tokensale. Prior to this, at the beginning of the year, the Dfinity Foundation raised $ 61 million from Andreessen Horowitz and Polychain Capital.