Token Sale Cleanup: Structuring SAFT Records
Token sales often leave behind scattered and inconsistent records, making it hard for teams to show clear obligations to investors. Our template helps organize SAFT financing records.
Being financially prepared for fundraising means a lot of work. You need clear, accurate records that reflect all interests in the entity and all amounts owed by the entity. Clean books drive better business decisions and signal reliability to outside stakeholders.
Raising capital through token financing can be effective, but it often creates messy records. This lack of structure makes it harder for companies to fully understand their obligations and harder for investors to trust the information they are given. SAFTs and presale agreements are frequently tracked in spreadsheets, emails, or one-off documents that don’t connect.
There are many token grant management solutions, but they are not designed to holistically track obligations to transfer tokens in advance of the token launch date.
To help with this, we’ve created a Token Presale Schedule template. It gives accounting teams a simple, structured way to record financing received through SAFTs. By organizing this data in one place, the template makes it easier to review obligations, support compliance, and build confidence with investors.
Our template, “Token Presale Reconciliation Template,” solves (or at least serves as a starting point for solving) this issue for FinOps teams of token issuers. The template could be used to organize information about token pre-sales to investors and understand the company’s obligations to deliver tokens for proceeds received. The template includes six tabs:
Tab “BUYERS”: Identifying information for each investor who joined the fundraising round.
Tab “PURCHASES”: Details of each token purchase, bonus, or return executed under each of the agreements.
Tab “RECEIPTS”: Details of each payment received in connection with token purchases.
Tab “PROCEEDS”: The total amount of all receipts net of refunded amount for each token purchase agreement.
Tab “DISTRIBUTIONS”: Details of token transfer (both outgoing and incoming) for each token purchase agreement.
Tab “SUMMARY”: The total amounts of proceeds received and receivable, as well as the value of tokens distributed and remaining outstanding obligation to deliver tokens to investors who made a payment.
Download the template to start building cleaner, more reliable financing records.
If you have any comments, improvement suggestions, or your team needs help with accounting for token grants to employees in compliance with US GAAP, reach out to us at info@techaccountingpro.com.