{"id":6356,"date":"2025-02-26T20:17:12","date_gmt":"2025-02-26T20:17:12","guid":{"rendered":"https:\/\/pixlex.it\/?p=6356"},"modified":"2025-04-16T15:05:42","modified_gmt":"2025-04-16T15:05:42","slug":"saft-vs-safe-finanziamento-crypto","status":"publish","type":"post","link":"https:\/\/pixlex.it\/en\/saft-vs-safe-finanziamento-crypto\/","title":{"rendered":"SAFT vs. SAFE: Which Financing Tool for Your Crypto Startup?"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"6356\" class=\"elementor elementor-6356\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2f92f63 e-flex e-con-boxed e-con e-parent\" data-id=\"2f92f63\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c95b7d4 elementor-widget elementor-widget-image\" data-id=\"c95b7d4\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.19.0 - 07-02-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"640\" height=\"557\" src=\"saft-vs-safe-crypto-financing\" class=\"attachment-large size-large wp-image-6370\" alt=\"SAFT vs. SAFE: Which Financing Tool for Your Crypto Startup?\" srcset=\"\" sizes=\"(max-width: 640px) 100vw, 640px\" data-srcset=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b9f098b e-flex e-con-boxed e-con e-parent\" data-id=\"b9f098b\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-13d2c4c elementor-widget elementor-widget-text-editor\" data-id=\"13d2c4c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.19.0 - 07-02-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><span style=\"font-weight: 400;\">In the world of blockchain startups and crypto ventures, choosing the right financing tool is key to growth and compliance. As crypto founders and investors explore their options, two main instruments come into play: the Simple Agreement for Future Tokens (SAFT) and the Simple Agreement for Future Equity (SAFE). Each of these tools provides a different path to capital, SAFT for token generation events and SAFE for equity financing. Understanding the details and differences of these crypto financing instruments, the implications of the current regulatory framework and how they align with projects\u2019 goals is crucial to making informed decisions in this fast moving space. This article will break down the SAFT and SAFE, the applications, benefits and risks so you can make informed decisions for your blockchain startup and investor agreements and legal compliance.<\/span><\/p><h3 data-start=\"62\" data-end=\"84\"><strong data-start=\"66\" data-end=\"82\">Key Points<\/strong><\/h3><ul data-start=\"86\" data-end=\"2114\"><li data-start=\"86\" data-end=\"368\"><p data-start=\"88\" data-end=\"368\" class=\" translation-block\"><strong><span style=\"color: #56b1e0\">SAFT vs. SAFE<\/span> (Simple Agreement for Future Tokens) is used to raise funds through the future issuance of tokens, whereas the SAFE (Simple Agreement for Future Equity) allows investors to acquire equity in a subsequent financing round.<\/p><\/li><li data-start=\"370\" data-end=\"655\"><p data-start=\"372\" data-end=\"655\" class=\" translation-block\"><strong><span style=\"color: #56b1e0\">Advantages of SAFE<\/span><\/strong>: A simple and fast capital-raising instrument that does not require an immediate valuation. However, investors do not receive voting rights and may face the risk of an unfavorable conversion if the startup\u2019s valuation increases.<\/p><\/li><li data-start=\"657\" data-end=\"926\"><p data-start=\"659\" data-end=\"926\" class=\" translation-block\"><strong><span style=\"color: #56b1e0\">Advantages of SAFT<\/span><\/strong>: Allows for the deferral of regulatory and tax issues until the actual issuance of tokens, reducing initial risks for the startup. However, the evolving regulatory landscape poses a significant uncertainty.<\/p><\/li><li data-start=\"928\" data-end=\"1193\"><p data-start=\"930\" data-end=\"1193\" class=\" translation-block\"><strong><strong><span style=\"color: #56b1e0\">Legal Considerations<\/span><\/strong>: Both instruments must comply with applicable regulations. The SAFE is generally easier to regulate, whereas the SAFT must account for crypto-related regulations, including MiCA in the EU, to avoid legal implications.<\/p><\/li><li data-start=\"1195\" data-end=\"1527\"><p data-start=\"1197\" data-end=\"1527\" class=\" translation-block\"><strong><strong><span style=\"color: #56b1e0\">Strategic Choice<\/span><\/strong>: Startups must decide between equity and tokens based on their growth objectives and market strategy. The SAFE is suitable for traditional investors and startups with long-term growth plans, while the SAFT is more appropriate for blockchain projects with a strong token-based component.<\/p><\/li><li data-start=\"1529\" data-end=\"1817\"><p data-start=\"1531\" data-end=\"1817\" class=\" translation-block\"><strong><strong><span style=\"color: #56b1e0\">Market Trends<\/span><\/strong>: The crypto landscape is rapidly evolving; fundraising success depends on aligning with investor expectations and regulatory requirements. Monitoring the market helps in selecting the most advantageous financial instrument.<\/p><\/li><li data-start=\"1819\" data-end=\"2114\"><p data-start=\"1821\" data-end=\"2114\" class=\" translation-block\"><strong><strong><span style=\"color: #56b1e0\">Investment Strategy<\/span><\/strong>: To ensure long-term sustainability, startups should adopt a flexible approach that considers regulatory changes, investor preferences, and the possibility of combining different instruments for capital raising.<\/p><\/li><\/ul><h2><b>SAFT and SAFE in Digital Assets<\/b><\/h2><h3><b>What is a SAFE?<\/b><\/h3><p><span style=\"font-weight: 400;\">A Simple Agreement for Future Equity (SAFE) is an investment agreement used by startups to raise capital. Unlike traditional equity financing where equity is exchanged for investment, a SAFE gives an investor the right to convert their investment into equity at a future financing round. This was designed to simplify the fundraising process by avoiding the valuation discussion early on. Instead it defers the valuation until a later stage when more financial information is available. SAFE agreements are simple and fast way to raise funds without debt. They are good for investors and startups for their simplicity and flexibility. But as with any financial instrument there are risks involved. These include the risk of conversion terms being unfavorable if the startup\u2019s valuation at its next funding round is higher than expected. Understanding these dynamics is key to making informed decisions in crypto startup funding.<\/span><\/p><h3><b>Advantages and Disadvantages of SAFE<\/b><\/h3><p><span style=\"font-weight: 400;\">SAFE agreements offer several benefits that make them attractive to blockchain startups and their investors. One significant advantage is their simplicity and speed in facilitating fundraising without the complexities of traditional equity financing. This can be particularly appealing for startups needing quick access to capital. Additionally, SAFEs eliminate the need for immediate valuation, deferring it until a later financing round, which can be beneficial when a startup's future potential is still uncertain.<\/span><\/p><p><span style=\"font-weight: 400;\">However, there are also notable disadvantages. Investors may face the risk of unfavorable conversion terms if the startup's valuation increases significantly before the equity conversion. This uncertainty can deter some investors. Furthermore, because SAFEs do not initially provide equity or voting rights, investors may have less influence over the company's strategic decisions compared to traditional equity financing. Startups and investors need to carefully weigh these pros and cons to determine if a SAFE aligns with their strategic and financial goals.<\/span><\/p><h3><b>What is a SAFT?<\/b><\/h3><p><span style=\"font-weight: 400;\">A Simple Agreement for Future Tokens (SAFT) is an investment framework designed for blockchain startups engaging in token generation events. Unlike equity-based SAFE agreements, a SAFT is tailored to the unique needs of cryptocurrency projects, focusing on future token issuance rather than company shares. Essentially, a SAFT is a contract between investors and developers, where investors provide capital in exchange for the right to receive tokens at a later date. These tokens are typically delivered once the underlying blockchain network is operational.\nThe SAFT model aims to address regulatory concerns by specifying that the token sale will occur when the network is functional, potentially aligning better with securities laws governing digital currency.<\/span><\/p><p><span style=\"font-weight: 400;\">However, using a SAFT requires thorough understanding, as the regulatory landscape for cryptocurrencies is complex and evolving. Startups must ensure that their SAFT agreements comply with applicable laws to avoid legal complications. This requires careful planning and often legal consultation to navigate the intricacies of crypto financing.<\/span><\/p><h3><b>Advantages and Disadvantages of SAFT<\/b><\/h3><p><span style=\"font-weight: 400;\">The SAFT framework offers distinct advantages for blockchain startups aiming to raise funds through token generation events. One major benefit is that it provides a clear structure for raising capital while potentially reducing regulatory risks, as token issuance is deferred until the underlying platform is operational. This can help startups avoid immediate classification of tokens as unregistered securities. Additionally, SAFT agreements can attract investors who are specifically interested in the potential upside of tokens, as opposed to equity stakes.\nowever the SAFT model is not without its downsides.<\/span><\/p><p><span style=\"font-weight: 400;\">However the SAFT model is not without its downsides. The evolving regulatory landscape for cryptocurrencies is a big challenge as price volatility and changing laws and guidelines are still influencing the requirements and regulations for cryptocurrency businesses. This uncertainty can create compliance risks for startups. Also a SAFT requires a well thought out plan for token distribution and utility to ensure the tokens have value when released. Startups need to balance these factors to leverage the benefits of SAFT while mitigating the risks in crypto financing..<\/span><\/p><h2><b>Legal and Regulatory Considerations in Blockchain Technology<\/b><\/h2><h3><b>Legal Compliance<\/b><\/h3><p><span style=\"font-weight: 400;\">Legal compliance is key for blockchain startups using SAFT and SAFE agreements. Both are in a space where regulations are changing fast, so legal advice is crucial. For SAFTs compliance with securities laws and anti money laundering regulations is a big concern as token offerings can attract regulatory attention. Startups must ensure that tokens distributed through SAFTs don\u2019t inadvertently become securities under existing laws which may require registration or exemption.<\/span><\/p><p><span style=\"font-weight: 400;\">For SAFE legal compliance is generally easier, as they are subject to a lighter regime than token offerings. Nevertheless, it is important to understand the application of corporate law and securities regulation, especially whenwhen transitioning from a SAFE to actual equity issuance. Startups should engage with legal experts familiar with cryptocurrency law to draft agreements that align with both domestic and international regulations. Proactively addressing these legal considerations can help mitigate risks, ensuring smooth operations and fostering investor confidence in the startup\u2019s compliance efforts.<\/span><\/p><h3><b>SAFT and MiCA Regulation<\/b><\/h3><p><span style=\"font-weight: 400;\">The Markets in Crypto-Assets (MiCA) regulation represents a significant step towards harmonizing the legal framework for digital assets within the European Union. For blockchain startups utilizing SAFT agreements, understanding MiCA\u2019s implications is essential. MiCA aims to provide legal certainty for cryptocurrencies and token offerings, potentially impacting how SAFTs are structured and executed, especially in transactions involving fiat currency which require compliance with money transmission laws. In light of MiCA, tokens may be classified differently according to their nature, structure and utilities.<\/span><\/p><p><span style=\"font-weight: 400;\">Under MiCA, tokens may generally fall within the category of asset-referenced tokens, e-money tokens or so called tokens \u201cother than\u201d (e.g. utility tokens). Each of these categories is subject to a different regulatory regime, with the latter category facing lighter restrictions and obligations.<\/span><\/p><p><span style=\"font-weight: 400;\">Tokens that qualify as financial instruments (e.g. transferable securities) are not subject to MiCA but are regulated under the current rules on financial markets (e.g. MiFID II), which require adherence to specific regulatory requirements.\nStartups must determine if their token offerings fall under MiCA\u2019s or MiIFD\u2019s scope (which may impact factors like whitepaper disclosures, capital requirements and governance standards).<\/span><\/p><p><span style=\"font-weight: 400;\">Compliance with MiCA will increase investor trust and open up the EU market. Lawyers familiar with cryptocurrency law can help startups understand how MiCA affects SAFT agreements and guide them in aligning their fundraising strategy with regulatory expectations. Early adoption of MiCA will put startups ahead of the curve as the regulations evolve.<\/span><\/p><h3><b>Risks and Mitigation Strategies<\/b><\/h3><p><span style=\"font-weight: 400;\">SAFT and SAFE agreements come with legal and regulatory risks that blockchain startups must navigate. One big risk is non compliance with regulations which can lead to legal actions, financial penalties and even jail time for directors (under MiCA or AML laws liability may be personal). To mitigate this startups should prioritize understanding the relevant laws and regulations, securities laws and MiCA. Work with lawyers familiar with cryptocurrency to get compliance from the start.\n\nAnother risk is market volatility which can affect token value and investor confidence. Startups can mitigate this by having robust risk management, design a well-planed tokenomics and transparent communication with investors. Operational risk of delivering a working product or network should not be overlooked. Startups should set clear development milestones and have enough technical resources to meet those milestones. By addressing these risks proactively startups can increase their credibility and stability and create a safe environment for investor agreements and growth.<\/span><\/p><h2><b>Comparing SAFT and SAFE<\/b><\/h2><h3><b>Key Differences Explained<\/b><\/h3><p><span style=\"font-weight: 400;\">The main differences between SAFT and SAFE are in their structure and purpose. SAFT is for token based fundraising, focused on the future issuance of tokens upon network completion. This is suitable for blockchain startups that will have a token generation event. SAFE is for equity financing, gives investors the right to convert their investment into equity in future funding rounds. This is for those who want to own the company rather than token.<\/span><\/p><p><span style=\"font-weight: 400;\">From a regulatory perspective SAFTs must comply with token sale securities laws and SAFEs with equity related regulations. The timing of valuation is also different; SAFTs defer token valuation until the network is operational and SAFEs delay company valuation until future equity rounds so the offered price is not below the market price per share. Understanding these differences will help startups choose the right financing tool that fits their strategy, operational model and compliance requirements in the crypto financing landscape<\/span><\/p><h3><b>Equity vs. Token-Based Models fundraising<\/b><\/h3><p><span style=\"font-weight: 400;\">Choosing between equity and token-based models involves assessing the strategic objectives and market positioning of a blockchain startup. An equity model, supported by SAFE agreements, provides investors with a stake in the company, aligning their interests with the long-term success of the business. This model can attract traditional investors and financial institutions who value ownership and potential dividends. It also offers the stability of established legal frameworks, making it a familiar choice for those wary of crypto\u2019s volatility.<\/span><\/p><p><span style=\"font-weight: 400;\">Conversely, a token-based model, facilitated by SAFT agreements, focuses on the potential utility and value of tokens within a blockchain network. This approach can appeal to investors keen on participating in the decentralized economy and benefiting from potential token appreciation. However, the model requires careful analysis of regulatory landscapes and demands clear articulation of token utility and network function (together with a structured tokenomics). Ultimately, the choice between equity and token-based models should align with the startup\u2019s vision, investor expectations, and regulatory strategy.<\/span><\/p><h3><b>Assessing Investor Preferences<\/b><\/h3><p><span style=\"font-weight: 400;\">Understanding investor preferences is crucial when deciding between SAFT and SAFE agreements. Different investor profiles may have varying appetites for risk, returns, and involvement in the startup. Traditional investors, such as venture capitalists and angel investors, might favor SAFE agreements due to their familiarity with equity stakes and the potential for influence over company decisions. These investors are likely interested in the long-term growth prospects and stability that equity financing offers.<\/span><\/p><p><span style=\"font-weight: 400;\">On the other hand investors who are interested in new technology and high returns will go for SAFT agreements. They will prioritize the speculative upside of tokens and the chance to get in early in a promising blockchain project. Startups should consider these preferences when designing their fundraising strategy and make sure it aligns with potential investor expectations. By targeting the right investor base startups can increase their chances of getting funded that supports their growth and operational model in the crypto market.\nWeb3 focused venture capitalists may decide to execute a SAFTE in order to obtain a lower stake of the equity but also leverage the potential short term appreciation of the token\u2019s value.<\/span><\/p><h2><b>Strategic Decision-Making<\/b><\/h2><h3><b>Aligning with Startup Goals<\/b><\/h3><p><span style=\"font-weight: 400;\">Choosing the right financing tool is a strategic decision that requires thinking long term and operational model. For blockchain startups the choice between SAFT and SAFE can be a game changer. If the startup\u2019s main goal is to build a decentralized platform with strong community engagement and token utility a SAFT might be the way to go. This will help in building a network of early adopters who are invested in the platform\u2019s success through token ownership.<\/span><\/p><p><span style=\"font-weight: 400;\">On the other hand if the startup\u2019s goals are around building robust infrastructure, attracting experienced advisors and maintaining control over the company a SAFE agreement might be the way to go. It allows for raising capital without immediate dilution of control, leveraging the expertise of equity investors. Ultimately the decision should reflect the startup\u2019s vision, market positioning and growth strategy so that the chosen financing model supports the mission and enhances the chances of success.<\/span><\/p><h3><b>Evaluating Market Trends and Market Value<\/b><\/h3><p><span style=\"font-weight: 400;\">Evaluating market trends is key to making informed strategic decisions especially in the wild west of blockchain and cryptocurrency. Startups must stay up to date with current market developments including regulatory changes, technological advancements and investor sentiment. Understanding these trends will help in choosing the right financing tool \u2013 be it SAFT or SAFE \u2013 that aligns with the market and investor expectations.<\/span><\/p><p><span style=\"font-weight: 400;\">For instance, a growing interest in decentralized finance (DeFi) might increase the appeal of token-based models like SAFT, as investors look to leverage emerging opportunities. Conversely, if market trends indicate a preference for more stable, equity-based investments during periods of uncertainty, a SAFE might become the preferred choice. Additionally, startups should consider the competitive landscape and how their unique value proposition fits within broader industry movements. By continuously monitoring and adapting to market trends, startups can position themselves strategically to attract investment and achieve sustainable growth.<\/span><\/p><h3><b>Future-Proofing Your Financing Strategy<\/b><\/h3><p><span style=\"font-weight: 400;\">Future proofing your financing strategy is key to long term sustainability and adaptability in the fast paced world of blockchain startups. This means anticipating changes in the regulatory environment, technological advancements like decentralized applications and investor preferences to stay ahead of the game. Startups should have flexible financing plans that can adapt from token based to equity based models or vice versa depending on market conditions and business needs.<\/span><\/p><p><span style=\"font-weight: 400;\">Diversifying funding sources can also be part of a robust strategy to reduce dependence on a single financing mechanism. Working with legal and financial advisors to stay up to date with regulatory changes is crucial especially as jurisdictions refine their approach to crypto financing. And maintaining good communication with investors will help to align expectations and build long term relationships. By building flexibility and foresight into their financing strategy startups can navigate uncertainties, grab new opportunities and get the resources they need to innovate and grow in the evolving blockchain landscape.<\/span><\/p><h2><b>next steps<\/b><\/h2><h3><b>Choosing the Right Path<\/b><\/h3><p><span style=\"font-weight: 400;\">Choosing the right financing path for a blockchain startup is a complex exercise that requires understanding of the company\u2019s strategic goals, market environment and investor dynamics. Whether it\u2019s a SAFT that promises future tokens or a SAFE that offers future equity the decision should reflect the startup\u2019s mission and the expectations of its stakeholders. Both have their pros and cons that need to be weighed against the regulatory landscape and market trends.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Startups should do a thorough analysis of their current state and future plans and leverage the insights from their advisors and industry experts. This will help them align their chosen financing tool with their operational and growth strategy. And flexibility in financial planning is key to adapt to the unexpected changes in the cryptocurrency landscape. By making smart and strategic financing decisions startups can get the capital they need to innovate and grow and set themselves up for success in the competitive blockchain space.<\/span><\/p><p class=\" translation-block\">You can dive deeper into how to organize a fundraising round for your crypto startup in <span style=\"color: #56b1e0\"><a style=\"color: #56b1e0\" href=\"https:\/\/pixlex.it\/en\/crypto-startup-investment-guide\/\" target=\"_self\">our dedicated blog post<\/a><\/span>!<\/p><h3><b>Importance of Professional Advice<\/b><\/h3><p><span style=\"font-weight: 400;\">When structuring a SAFE or SAFT professional advice is a key to deliver the best execution. Legal and financial advisors have the expertise to help startups understand the regulatory requirements and optimize their financing strategy. Working with professionals who specialize in cryptocurrency law will ensure that the agreements are structured in compliance with the current laws and reduce the risk of legal challenges.\n.<\/span><\/p><p><span style=\"font-weight: 400;\">Additionally, financial advisors can provide valuable insights into market dynamics and investor expectations to help startups craft investor agreements that align with their business goals. They can also offer guidance on risk management and future proofing strategies to help startups stay agile in a volatile market. By working with professionals startups will not only improve their decision making but also build credibility with investors and stakeholders and set themselves up for long term growth and success in the blockchain space.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-192327a e-flex e-con-boxed e-con e-parent\" data-id=\"192327a\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-977e269 e-flex e-con-boxed e-con e-child\" data-id=\"977e269\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-610ed46 e-flex e-con-boxed e-con e-child\" data-id=\"610ed46\" data-element_type=\"container\" 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data-widget_type=\"share-buttons.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<link rel=\"stylesheet\" href=\"https:\/\/pixlex.it\/wp-content\/plugins\/elementor-pro\/assets\/css\/widget-share-buttons.min.css\">\t\t<div class=\"elementor-grid\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\">\n\t\t\t\t\t\t<div\n\t\t\t\t\t\t\tclass=\"elementor-share-btn elementor-share-btn_facebook\"\n\t\t\t\t\t\t\trole=\"button\"\n\t\t\t\t\t\t\ttabindex=\"0\"\n\t\t\t\t\t\t\taria-label=\"Share on facebook\"\n\t\t\t\t\t\t>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<i class=\"fab fa-facebook\" aria-hidden=\"true\"><\/i>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-share-btn__text\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__title\">\n\t\t\t\t\t\t\t\t\t\tFacebook\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\">\n\t\t\t\t\t\t<div\n\t\t\t\t\t\t\tclass=\"elementor-share-btn elementor-share-btn_telegram\"\n\t\t\t\t\t\t\trole=\"button\"\n\t\t\t\t\t\t\ttabindex=\"0\"\n\t\t\t\t\t\t\taria-label=\"Share on telegram\"\n\t\t\t\t\t\t>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<i class=\"fab fa-telegram\" aria-hidden=\"true\"><\/i>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-share-btn__text\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__title\">\n\t\t\t\t\t\t\t\t\t\tTelegram\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\">\n\t\t\t\t\t\t<div\n\t\t\t\t\t\t\tclass=\"elementor-share-btn elementor-share-btn_linkedin\"\n\t\t\t\t\t\t\trole=\"button\"\n\t\t\t\t\t\t\ttabindex=\"0\"\n\t\t\t\t\t\t\taria-label=\"Share on linkedin\"\n\t\t\t\t\t\t>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<i class=\"fab fa-linkedin\" aria-hidden=\"true\"><\/i>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-share-btn__text\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__title\">\n\t\t\t\t\t\t\t\t\t\tLinkedIn\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\">\n\t\t\t\t\t\t<div\n\t\t\t\t\t\t\tclass=\"elementor-share-btn elementor-share-btn_whatsapp\"\n\t\t\t\t\t\t\trole=\"button\"\n\t\t\t\t\t\t\ttabindex=\"0\"\n\t\t\t\t\t\t\taria-label=\"Share on whatsapp\"\n\t\t\t\t\t\t>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<i class=\"fab fa-whatsapp\" aria-hidden=\"true\"><\/i>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-share-btn__text\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__title\">\n\t\t\t\t\t\t\t\t\t\tWhatsApp\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-43882ac elementor-widget elementor-widget-text-editor\" data-id=\"43882ac\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>\n<div class=\"wpcf7 no-js\" id=\"wpcf7-f2721-o1\" lang=\"en-US\" dir=\"ltr\">\n<div class=\"screen-reader-response\"><p role=\"status\" aria-live=\"polite\" aria-atomic=\"true\"><\/p> <ul><\/ul><\/div>\n<form action=\"\/en\/wp-json\/wp\/v2\/posts\/6356#wpcf7-f2721-o1\" method=\"post\" class=\"wpcf7-form init\" aria-label=\"Contact form\" novalidate=\"novalidate\" data-status=\"init\" data-trp-original-action=\"\/en\/wp-json\/wp\/v2\/posts\/6356#wpcf7-f2721-o1\">\n<div style=\"display: none;\">\n<input type=\"hidden\" name=\"_wpcf7\" value=\"2721\" \/>\n<input type=\"hidden\" name=\"_wpcf7_version\" value=\"5.9.4\" \/>\n<input type=\"hidden\" name=\"_wpcf7_locale\" value=\"en_US\" \/>\n<input type=\"hidden\" name=\"_wpcf7_unit_tag\" value=\"wpcf7-f2721-o1\" \/>\n<input type=\"hidden\" name=\"_wpcf7_container_post\" value=\"0\" \/>\n<input type=\"hidden\" name=\"_wpcf7_posted_data_hash\" value=\"\" \/>\n<input type=\"hidden\" name=\"_wpcf7_recaptcha_response\" value=\"\" \/>\n<\/div>\n<div id=\"contact-formular\" class=\"disable-drag\">\n\t<div class=\"name-box has-animation\">\n\t\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"your-name\"><input size=\"40\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"What&#039;s Your Name\" value=\"\" type=\"text\" name=\"your-name\" \/><\/span>\n\t\t<\/p>\n\t<\/div>\n\t<div class=\"email-box has-animation\">\n\t\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"your-email\"><input size=\"40\" class=\"wpcf7-form-control wpcf7-email wpcf7-validates-as-required wpcf7-text wpcf7-validates-as-email\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Your E-mail\" value=\"\" type=\"email\" name=\"your-email\" \/><\/span>\n\t\t<\/p>\n\t<\/div>\n\t<div class=\"message-box has-animation\">\n\t\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"your-message\"><textarea cols=\"40\" rows=\"10\" class=\"wpcf7-form-control wpcf7-textarea wpcf7-validates-as-required\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Tell Us About Your Project\" name=\"your-message\"><\/textarea><\/span>\n\t\t<\/p>\n\t<\/div>\n\t<div class=\"check-box\">\n\t\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"checkbox-60\"><span class=\"wpcf7-form-control wpcf7-checkbox wpcf7-validates-as-required\" id=\"privacy_check\"><span class=\"wpcf7-list-item first last\"><label><input type=\"checkbox\" name=\"checkbox-60[]\" value=\"accept privacy policy\" \/><span class=\"wpcf7-list-item-label\">accept privacy policy<\/span><\/label><\/span><\/span><\/span>\n\t\t<\/p>\n\t<\/div>\n<\/div>\n<hr \/>\n<div class=\"button-box has-animation\" data-delay=\"100\">\n\t<div class=\"clapat-button-wrap parallax-wrap hide-ball\">\n\t\t<div class=\"clapat-button parallax-element\">\n\t\t\t<div class=\"button-border rounded parallax-element-second\">\n\t\t\t\t<p><input class=\"wpcf7-form-control wpcf7-submit has-spinner\" type=\"submit\" value=\"Send Mail\" \/>\n\t\t\t\t<\/p>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<style>\n@media only screen and (max-width: 767px)\n{\n.wpcf7 input[type=\"email\"]\n{\nfont-size: 14px;\n}\n}\n.check-box{\nheight:fit-content;\nwidth:fit-content;\n}\n\n#privacy_check label {\ndisplay: flex;\nalign-items: center;\n}\n\n#privacy_check label input {\n width: 20px;\n height: 20px;\nmargin: 0 10px 0 -10px;\n}\n<\/style><div class=\"wpcf7-response-output\" aria-hidden=\"true\"><\/div>\n<input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form>\n<\/div>\n<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Nel mondo delle startup blockchain e delle imprese crypto, scegliere lo strumento di finanziamento giusto \u00e8 fondamentale per la crescita aziendale e il rispetto della regolamentazione applicabile. Mentre i fondatori e gli investitori crypto esplorano le loro opzioni, due strumenti principali entrano in gioco: il Simple Agreement for Future Tokens (SAFT) e il Simple Agreement [&hellip;]<\/p>","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25,26],"tags":[72,73,56],"class_list":["post-6356","post","type-post","status-publish","format-standard","hentry","category-ges","category-svc","tag-safe","tag-saft","tag-startup"],"_links":{"self":[{"href":"https:\/\/pixlex.it\/en\/wp-json\/wp\/v2\/posts\/6356","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pixlex.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pixlex.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pixlex.it\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/pixlex.it\/en\/wp-json\/wp\/v2\/comments?post=6356"}],"version-history":[{"count":6,"href":"https:\/\/pixlex.it\/en\/wp-json\/wp\/v2\/posts\/6356\/revisions"}],"predecessor-version":[{"id":6518,"href":"https:\/\/pixlex.it\/en\/wp-json\/wp\/v2\/posts\/6356\/revisions\/6518"}],"wp:attachment":[{"href":"https:\/\/pixlex.it\/en\/wp-json\/wp\/v2\/media?parent=6356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pixlex.it\/en\/wp-json\/wp\/v2\/categories?post=6356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pixlex.it\/en\/wp-json\/wp\/v2\/tags?post=6356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}