ReserveDAO S.A.F.T. Launch

Disclaimer: This vote was created for the ReserveDAO community and does not reflect the statements, opinions or representations of Residual Token, Inc., its management or affiliates. This article is for information purposes only, and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security tor any other product or service by Residual Token, Inc or any other third party regardless of whether such security, product or service is referenced in this article. Furthermore, nothing in this article is intended to provide tax, legal or investment advice and nothing in this article should be construed as a recommendation to buy, sell, or hold any investment or security or to engage in any investment strategy or transaction. Residual Token, Inc. does not represent that the securities, products or services discussed in this article are suitable for any particular investor. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your business advisor, attorney, or tan and accounting advisor regarding your specific business, legal or tax situation.

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RSRV S.A.F.T Proposal for Vote

This proposal gives the DAO the right to pursue the creation of a S.A.F.T. The DAO itself will release an agreement outlining all terms that participants must agree upon before making an investment. The subsequent information is outlining the legal juxtaposition that the DAO has to address to create a legal S.A.F.T for all parties involved, in no way does it guarantee we are performing a S.A.F.T or advertising a S.A.F.T to the public. Only those who are part of the Residual Token, Inc. community and currently holding eRSDL, uneRSDL, or uneRSDL legacy may participate in the vote.

-The price we are proposing is $0.15 per token before awards are applied, application of rewards is dependent upon the level of whitelisting an investor has.

-No limit will be placed on the amount one can contribute towards the S.A.F.T Only a limit on the total amount of capital that is raised by the S.A.F.T, which will be placed as stated above at $1,000,000.

-The RSRV S.A.F.T will stay open until our initial capital raise goal of $500,000 or within the legal recommendation of 12 months.

-When the S.A.F.T reaches $500,000, we will close the S.A.F.T the following week.

-If the S.A.F.T reaches $1,000,000 or 12 months, ReserveDAO has the fiduciary responsibility to end the S.A.F.T immediately.

-Participants of the S.A.F.T will not be able to exchange their receipt of a token until an agreed upon date that will be outlined in the S.A.F.T Investor/Investee agreement itself, typically this is one year from the S.A.F.T end date. If holders were allowed to claim the S.A.F.T immediately and sell it upon market listing, it would take the S.A.F.T outside of the scope of Regulation D Rule 504.

-Participants of the S.A.F.T must be from the eRSDL community and have joined prior to the start of the S.A.F.T, or, an Accredited Investor that has had private conversations with our team about the S.A.F.T.

-The S.A.F.T will not be publicly advertised to anyone outside of our community or any community that has not had prior relationship with Residual Token, Inc.

-The S.A.F.T will NOT be advertised on any platform outside of our own communities Discord, Medium and Telegram (we will NOT be tweeting about the S.A.F.T), which are designated platforms that are utilized to educate and inform the Residual Token, Inc. community (eRSDL/RSRV). This does not bar discussion of the S.A.F.T from individuals engaging in conversation or that have had prior relationships with Residual Token, Inc.

Please note that any publication promoting the ReserveDAO S.A.F.T will be considered defamation or libel against Residual Token, Inc. and the parties involved may be subject to a legal inquiry