What Are the Alternatives to the SAFT Model for Compliant Crypto Fundraising?

Alternatives to the SAFT model for compliant crypto fundraising include a direct Security Token Offering (STO) under a Regulation D, A, or S exemption, where the token is explicitly registered as a security from the start. Another alternative is the "DAO LLC" structure, where a DAO is wrapped in a legal entity that sells membership interests (securities).

Finally, some projects opt for a "utility-only" token distribution (e.g. an AirDrop) after the network is fully functional, avoiding the fundraising-as-a-security problem entirely.