How Do the Whitepaper and Marketing Materials Affect the SAFT’s Legal Defense?

The whitepaper and marketing materials are critical to the SAFT's legal defense because they establish the reasonable expectation of profit for the investor. For the SAFT to succeed, the whitepaper must focus heavily on the future utility of the token and the decentralization of the network, rather than emphasizing financial returns or the expertise of the founding team.

If the materials promise investment returns, they directly contradict the claim that the eventual token is a non-security, potentially invalidating the entire SAFT structure.