A SAFE-T is an agreement between an investor and a company that provides rights to the investor for when a cryptocurrency or other product is created, the investor will be given access to the newly created cryptocurrency or equity, except without determining a specific price at the time of the initial investment. SAFE-Ts are intended to provide a simple mechanism for startups to seek funding, while avoiding the more traditional debt features of convertible notes. A SAFE-T is considered a security.
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