About Technology

SAFTP (Simple Agreement for Future Tokens) is a revolutionary protocol that facilitates secure and compliant token offerings in the blockchain space. Leveraging the power of blockchain technology, SAFTP provides a structured framework for startups and projects to raise capital through the issuance of future tokens to accredited investors.

Underlying Technology: SAFTP operates on various blockchain networks, including Solana, Tron, Binance Smart Chain (BNB), and Polygon. By utilizing blockchain technology, SAFTP ensures transparency, immutability, and decentralization throughout the token issuance process. The protocol leverages smart contracts, which are self-executing agreements stored on the blockchain, to automate the creation, distribution, and management of SAFTP-based tokens.

Smart Contract Infrastructure: Smart contracts play a pivotal role in the SAFTP ecosystem. These self-executing contracts are programmed to execute predefined conditions, ensuring that token issuance and distribution occur only when specific triggers or events take place. Smart contracts enhance trust and eliminate the need for intermediaries, as transactions are automatically executed once conditions are met. SAFTP's smart contract infrastructure is designed to provide efficiency, scalability, and interoperability across different blockchain networks.

Consensus Algorithms: Each blockchain network integrated with SAFTP operates on a specific consensus algorithm. For instance, Solana utilizes the Proof-of-History (PoH) consensus algorithm, which incorporates a verifiable delay function to provide secure and fast transaction processing. Tron implements a Delegated Proof-of-Stake (DPoS) algorithm, where a set of trusted nodes called "witnesses" validate transactions on behalf of the network. Binance Smart Chain and Polygon employ variants of the Proof-of-Stake (PoS) consensus algorithm, which enables network participants to validate transactions and secure the network based on their token holdings.

The choice of consensus algorithm depends on factors such as security, scalability, transaction speed, and energy efficiency. SAFTP ensures compatibility with various algorithms to accommodate different blockchain networks and cater to the specific requirements of token issuers and investors.