How Does Nuant Help VCs Track Their SAFTs and Token Vesting Unlocks?
Our goal is to give you the most accurate view of all your crypto investments. SAFT and Token Vesting are crucial components of VC crypto portfolios. As a VC investor, you need real-time portfolio valuations, along with the ability to forecast future values based on upcoming assets. We understand that managing numerous SAFT investments can make it easy to lose track of different Token Vesting periods and miss a claim.
With our Token Vesting Tracking features, you can set it and forget it, ensuring you’ll never miss a claim. Whether you plan to sell the tokens directly or use them to grow your investments, Nuant has you covered.
Benefits of using Nuant for SAFT and token vesting tracking
Comprehensive portfolio view
Integrate all your SAFTs alongside your other assets, bringing a clear, consolidated view of all your digital holdings. Get real-time portfolio valuations and forecasting capabilities.
Time-saving automated tracking
Save time tracking numerous SAFT vesting periods with automated alerts for claimable vested tokens, ensuring no missed claims.
Easy token claims
Claim vested tokens from a single platform and have your portfolios automatically updated after each claim.
Understanding SAFTs and token vesting
What is token Vesting?
When a crypto project or company issues a token, they define a token allocation for various parties involved (founders, team, venture capitalists (VCs), community, etc.), known as Tokenomics. Tokenomics outlines the percentage of tokens each party receives.
Typically, these tokens are locked for a predetermined period, called the vesting period. The vesting schedule specifies the percentage of tokens that are unlocked and available for contributors to claim at specific intervals during this period.
There is often a cliff period, which delays the start of the vesting schedule. For instance, with a three-month cliff, tokens are distributed only after the first three months. During this time, VCs and other stakeholders cannot claim their tokens. Once the cliff period ends, the vesting schedule begins. In some rare cases, all the tokens that could have been vested during the cliff period become available to claim at once.
Crypto projects often use a vesting smart contract to define these rules and automate the distribution to all contributors.
What is a SAFT?
Before the token vesting starts, crypto projects or companies often raise money with a Simple Agreement for Future Tokens (SAFT). This legal framework is used in the crypto industry to raise capital. It is a type of investment contract that allows investors like VCs or individual to purchase the right to receive tokens at a later date, typically when the project or platform is fully developed and operational.
Essentially, as a VC, you sign a SAFT when you invest in an early-stage company that hasn’t issued a token yet. This SAFT is then “converted” into tokens once the token vesting period has started.
How Nuant tracks SAFTs and token vesting
Adding SAFTs to the platform
To track vesting, the first thing to do is to add the SAFT to your platform via our External Holdings feature. When you do so, you’ll be able to add all the parameters of these SAFTs: when you bought it, how many, at what price, what is the address where you will receive your tokens, and more.
Using TokenOps for automated tracking
Having all the information regarding a Vesting Contract is not always available at first, which is why it’s optional, but as soon as you have it, you’ll be able to add it to your SAFT to track your Vesting Schedule. We’ve partnered with TokenOps, so you just have to add the Vesting Contract Address, and then all the fields will be automatically filled thanks to TokenOps’ technology.
Claiming tokens with Nuant
After entering the vesting contract, you’ll be all set, and it will start tracking your Vesting Schedule. You can forget about it and focus on other things that matter to you. Nuant will take care of notifying you when tokens are claimable. No more wasted time trying to find when to claim the tokens of your SAFTs, and we know it can be painful if you have a lot of them. Nuant does it for you!
Finally, when you have claimable tokens, you can claim them in one click without having to go to another platform. Connect your wallet, select the number of tokens you want to claim, and that’s it. All the tokens will be claimed, your SAFT will be updated with the tokens that are out, and you’ll see a new line in your portfolio with the tokens you just claimed!
Conclusion
Token Vesting capabilities have been a long-awaited feature from our clients, and with it, we are more than ever the ultimate crypto portfolio management platform. Our goal is to simplify daily operational tasks so you can focus on what matters most: optimizing your strategy and finding alpha.
If you want to try it, don’t hesitate to contact us or to directly book a demo here!