Simple Agreements for Future Tokens (SAFT)

The SAFT framework is utilized to distribute tokens to qualified investors, developers, and founders. It establishes the terms of participation and rights in the Brilliant Diamond Exchange ecosystem.

SAFT 1: $0.03 Released Slowly Over 5 Years

• Institutional Investors: Targeting a $3million capital raise with a max of 100,000,000 $BDE tokens or 10%.

• Staking Rewards: Allocated 150,000,000 $BDE tokens or 15.0% to provide guaranteed 7.5% staking rewards per year for the first 5 years.

• Future Marketing and Ecosystem Development: Allocated 173,000,000 $BDE tokens or 17.3%, to be placed in treasury for future project growth and visibility.

• Regulatory Authorities: Allocated 150,000,000 $BDE tokens or 15% to ensure the exchange is aligned with regulatory interests.

• Founders: Allocated 147,000,000 $BDE tokens, or 14.7% of the initial supply, to recognize their foundational role in the project.

• 100 Year Reserve: Allocated 100,000,000 $BDE tokens, or 10% to ensure longevity of the platform.

• Development Team: Allocated 35,000,000 $BDE tokens, or 3.5%, to incentivize initial exchange development.

• Early Team Members: Allocated 35,000,000 $BDE tokens, or 3.5%, to incentivize initial exchange development.

SAFT 2: $0.17 Released Over 2 Years

• Institutional Investors: Targeting $10 million capital raise with a max of 70,000,000 $BDE tokens or 7%.

SAFT 3: $0.34 Released Over 2 Years

• Institutional Investors: Targeting $15 million capital raise with a max of 40,000,000 $BDE tokens or 4%.

SAFT Release Schedule

The SAFT release schedule is structured to balance immediate operational needs with long-term economic sustainability. SAFT 1 investors and early founders ensure network security and resilience with their commitment to the long term vision of the exchange. While later investors in SAFT 2 & 3 are provided an expedited release schedule to provide exit liquidity in order to minimize their risk.

SAFT 1

• 2% Launch: January 1st 2025

• 2%: 1 month post-launch

• 2%: 6 months post-launch

• 2%: 9 months post launch

• 2.75%: 1 year post-launch

• 3%: 15 months pot launch

• 5.75% Quarterly over the next 4 years (last payment 12/31/2029)

SAFT 2 & 3

• 5% Launch: January 1st 2025

• 5%: 3 month post-launch

• 5%: 6 months post-launch

• 5%: 9 year post-launch

• 5%: 1 year post-launch

• 9.375% Quarterly over the next 2 years (last payment 12/31/2027)

Detailed Usage of SAFT Allocations

SAFT 1: Initial Funding and Development

Objective and Allocation: SAFT 1 is designed to secure the initial funding necessary for the foundational development of the Brilliant Diamond Exchange. The funds raised through this agreement are crucial for setting up the infrastructure and initial operations of the exchange.

Fund Utilization:

• 40% Initial Development: This portion is dedicated to the software development, hardware procurement, and other technical needs that form the backbone of the exchange. It includes the hiring of technical staff and the development of the initial platform modules.

• 30% Legal & Operational Costs: Funds allocated here cover the administrative and operational expenses such as office setup, staff salaries (non-technical team members), and initial legal and compliance costs.

• 20% Marketing and Community Engagement: These funds are used to introduce the exchange to potential users and to build a robust community around the service. It includes costs related to branding, promotion, and community outreach programs.

• 10% Contingency Fund: This is a reserve fund to address unforeseen costs or to provide additional resources to any of the above areas should it be necessary during the initial phases of development.

SAFT 2: Expansion and Ecosystem Development

Objective and Allocation: SAFT 2 focuses on expanding the reach of the Brilliant Diamond Exchange and enhancing its ecosystem. This stage aims to solidify the exchange's presence in the market and broaden its user base.

Fund Utilization:

• 30% Ecosystem Development: Investments will be made to support the growth of the exchange's ecosystem. This includes funding new project integrations, partnerships, and developer grants to encourage innovation on the platform.

• 30% Marketing and User Acquisition: A significant push to grow the exchange's visibility globally, attract new users, and promote active engagement through targeted marketing campaigns and strategic partnerships.

• 25% Operational and Administrative Expenses: Ongoing costs associated with running the exchange are covered, including advanced security measures, customer support enhancements, and staff expansions.

• 15% Legal and Compliance: Ensuring that the exchange remains compliant with evolving regulations across all jurisdictions it operates in. This includes legal fees, registration costs, and compliance technology upgrades.

SAFT 3: Marketing Push and Product Refinement

Objective and Allocation: The primary focus of SAFT 3 is to maximize market penetration and refine the products offered by the Brilliant Diamond Exchange to ensure they meet the highest standards of user satisfaction.

Fund Utilization:

• 60% Marketing and Final Product Refinement: A large portion of the funds will be used for extensive marketing activities and the final refinements of products based on user feedback. This includes international marketing campaigns, user experience enhancements, and adding features that address specific needs identified by early users.

• 20% Community Initiatives and Rewards: To incentivize participation and reward loyal users, funds will be allocated to community-driven initiatives, loyalty programs, and other user engagement schemes.

• 10% Operational Stability: Resources will be directed to strengthen the operational capabilities of the exchange, ensuring its stability and efficiency as user numbers grow.

• 10% Emergency Reserve: A reserve to provide financial flexibility and security against potential future uncertainties or economic downturns.

SAFT Offerings Summary