Smart SAFT

After you successfully create TARS Space, you'll be able to launch Smart SAFT on the same blockchain network.

Launch a Smart SAFT

As the proposer/Space Owner, you can create a SAFT by following these steps:

1. Connect your wallet and choose desired blockchain network.

2. Navigate to Dashboard > Portfolio Board > My Space > New SAFT.

3. Fill in all the required fields on Project Info, Token Info, and Fundraising Detail page. Tap on❓ for the explanation of each field.

4. On the Token Info page, you have to fill in the Token Provider Wallet Address, which will have the right to transfer the project tokens to the Smart SAFT contract and claim funds raised in the Smart SAFT after fundraising ends.

5. On the Fundraising Detail page, you can choose Public/Whitelist/Hidden Type mode for the SAFT according to your needs. Click here to learn about the eligibility types of Smart SAFT.

6. Read the Important Notes and click “Submit”. Please make sure your wallet balance is sufficient for gas fees.

• Now your SAFT deal page has been successfully created. Navigate to Dashboard > My Joined > Proposed to check the SAFT/deal that you created. You can copy the URL to share it with the investors to participate. Your Public/Whitelist Type SAFTs will be displayed on the Explore page if your Space gets Verified. Click here to learn about how to verify your Space.

• You can click “Close” on the SAFT deal page to cancel the SAFT before the fundraising starts.

• Click the "Edit" icon next to the Audited badge to edit/modify it.

• Click the "Edit" icon next to the Token Address to edit/modify it, which will cover the Token Symbol automatically.

• Click the "Edit" icon next to the Token Vesting Schedule to edit the Token Claim Rules and cover the front-end display.

• Token Claim Rules and Project Token Address can be modified until the SAFT Expiration Time.

• In Whitelist Type mode, click the "Edit" icon next to WhiteList to add whitelisted participants' addresses and their allocations.

Learn how to launch/close a smart SAFT at TARS:

Invest in the Smart SAFT

As the investor, you can participate in a deal by following these steps:

1. Connect your wallet and choose desired blockchain network.

2. Navigate to the Explore page to find the SAFT/deal you want to participate in, or get the access to the deal by the URL the proposer shared.

3. On the SAFT deal page, click “Invest”.

4. Type in the amount you want to invest and check NFT Receipt if you want to mint it. Then click “Submit”. Please make sure your wallet balance is sufficient for the investment and gas fees.

• Now you have successfully invest in the SAFT/deal. Navigate to Dashboard > Portfolio Board > My Joined > Bought to check the SAFT/deal that you participate in.

Learn how to invest in a smart SAFT at TARS:

Complete the SAFT deal

As the Token Provider (usually refers to the project party), you should transfer the project tokens to complete the SAFT deal by following these steps:

1. Connect your wallet (must be the same one that the proposer/Space Owner added to SAFT) and choose desired blockchain network.

2. Make sure the proposer/Space Owner has edited the Project Token Address and Token Claim Rules, which will cover the Token Vesting Schedule.

3. Click “Transfer” to transfer the project tokens accordingly before the SAFT Expiration Time. Please make sure you have sufficient project tokens and gas fees in your wallet.

• Now the SAFT deal is completed. You can claim the funds raised (after deducting the commission of the Space Owner if any) at any time. Navigate to Dashboard > Portfolio Board > My Joined > Sold to check the SAFT/deal that you participate in.

Learn how to complete the SAFT deal at TARS:

Claim/Refund

If the Token Provider successfully transfers the project tokens,

• The Token Provider can click “Claim” to get the funds raised (after deducting the commission of the Space Owner if any).

• The proposer/Space Owner can click “Claim” to get the commission if it's set.

• The investors can click “Claim” to get the project tokens according to the Claim Rules.

If the Token Provider hasn’t transferred the tokens before the SAFT Expiration Time,

• The investors can click “Refund” to get their funds back.

• The proposer/Space Owner won't be able to get the commission.

• The Token provider cannot transfer the tokens anymore.

Learn how to claim/refund at TARS: