Last updated 9 months ago
Token launches on Cardano face legal uncertainty. Builders rely on poor templates or costly lawyers, leading to risk, imbalance, and investor hesitation.
Create a suite of standardized, legally reviewed token issuance contracts (SAFTs, purchase agreements, vesting, NFT licenses) with clear guides, ready for safe adoption by Cardano projects.
This is the total amount allocated to Token Issuance Legal Suite (TILS) for Cardano.
Please provide your proposal title
Token Issuance Legal Suite (TILS) for Cardano
Enter the amount of funding you are requesting in ADA
60000
Please specify how many months you expect your project to last
6
Please indicate if your proposal has been auto-translated
No
Original Language
en
What is the problem you want to solve?
Token launches on Cardano face legal uncertainty. Builders rely on poor templates or costly lawyers, leading to risk, imbalance, and investor hesitation.
Supporting links
Does your project have any dependencies on other organizations, technical or otherwise?
No
Describe any dependencies or write 'No dependencies'
No dependencies
Will your project's outputs be fully open source?
Yes
License and Additional Information
The docs will be publicly accessible, downloadable and editable.
Please choose the most relevant theme and tag related to the outcomes of your proposal
Infrastructure
Who you’re targeting, how you’ll reach them, and why this matters for Cardano.
We are targeting Cardano builders launching tokens, including startups, DAOs, and dApp teams that need investor-ready legal frameworks. We will reach them through Catalyst channels, Cardano community forums, and Sparring’s outreach. This matters because free, balanced token issuance contracts lower compliance risk, increase investor confidence, and strengthen Cardano’s position as a legally secure and innovation-friendly ecosystem.
Provide a list of key activities of your project?
Draft templates of standardized and balanced token issuance contracts
Prepare short explanatory guides and “how-to” notes for each template.
Package the contracts into an accessible, open-source suite tailored for Cardano projects.
Publish all documents on Sparring.io and Catalyst community channels.
Promote adoption through Cardano forums, accelerators, and community partners.
Host a public Q&A session to explain templates and gather feedback.
What are your success metrics?
Please describe your proposed solution and how it addresses the problem
Launching tokens on Cardano requires proper legal documentation, but most teams either download unsuitable templates or pay high fees for custom legal work. These approaches are costly, inconsistent, and often fail to meet the standards needed for investor confidence.
The Token Issuance Legal Suite (TILS) will solve this by delivering a curated package of standardized, legally reviewed contracts tailored for Cardano projects. The suite will include SAFTs, Token Purchase Agreements, Vesting/Lockup Agreements, and NFT licensing models — covering the essential needs of** **token issuers.
Each contract will be paired with a short explanatory guide, making the documents understandable and usable even for early-stage teams without legal experience. The outputs will be open-source, publicly accessible, and editable, ensuring that the wider Cardano community benefits without ongoing cost barriers.
By creating an industry-standard set of token issuance agreements, TILS reduces compliance risks, saves teams significant legal expenses, and builds trust with investors and partners. This empowers builders to launch faster, safer, and more confidently, strengthening Cardano’s position as a leading blockchain ecosystem.
Please define the positive impact your project will have on the wider Cardano community
What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?
Sparring is an international law firm operating in the EU, US and UK, with a dedicated crypto focused practice. We have a long history of providing legal support to a number of projects active on Cardano. We are servicing crypto clients globally. Our client portfolio includes crypto hedge fund, DEX, DeFi financial center, wealth management platform, digital marketplace and other crypto projects, several of which operate on Cardano. See more at https://sparring.io/crypto/
Milestone Title
Draft SAFT & Token Purchase Agreements
Milestone Outputs
Preparation and uploading of two downloadable, editable legal templates:
Both agreements will be legally reviewed, written under neutral jurisdiction, and tailored for Cardano token projects to ensure fairness and accessibility.
Acceptance Criteria
Two legally consistent contracts (SAFT and Token Purchase Agreement) are delivered in editable format (.doc).
Templates must reflect balanced investor–issuer terms, compliance with best practices, and be prepared for immediate adoption by Cardano builders.
Both documents will be made publicly accessible via Sparring.io without restrictions.
Evidence of Completion
Public links to the completed and downloadable editable templates published on Sparring.io. Each link must allow direct, unrestricted access to the documents so that any Cardano builder can obtain and use them without barriers.
Delivery Month
2
Cost
20000
Progress
40 %
Milestone Title
Explanatory Docs for SAFT & Token Purchase Agreements
Milestone Outputs
Preparation and uploading of one explanatory document (How-To) covering the purpose and context of the Simple Agreement for Future Tokens (SAFT) and Token Purchase Agreement. The document will include plain-language commentary on at least two key clauses such as investor rights and transfer restrictions. The explanations will be designed for non-lawyers and will make the agreements easier to understand and apply.
Acceptance Criteria
One explanatory document is delivered in an accessible format and published alongside the SAFT and Token Purchase Agreement templates. The commentary highlights legal risks and practical mitigation strategies, enabling Cardano builders to use the contracts more effectively. The document must be freely and publicly accessible without restrictions.
Evidence of Completion
Public link to the completed and downloadable explanatory document made available on Sparring.io. The link must allow unrestricted access to ensure all Cardano builders can review and benefit from the material.
Delivery Month
3
Cost
10000
Progress
50 %
Milestone Title
Draft Vesting/Lockup Agreements & NFT Licenses
Milestone Outputs
Preparation and uploading of two downloadable, editable legal templates:
Both templates will be legally reviewed, drafted under neutral jurisdiction, and adapted to Cardano token project use cases. The agreements will be designed to ensure fairness for both creators and investors.
Acceptance Criteria
Two legally consistent contracts (Vesting/Lockup Agreement and NFT License Agreement) are delivered in editable format (.doc). Templates must reflect balanced terms, compliance with best practices, and be prepared for immediate adoption by Cardano builders. Both agreements will be publicly accessible at Sparring.io without restrictions.
Evidence of Completion
Public links to the completed and downloadable editable templates published on Sparring.io. Each link must provide direct, unrestricted access so Cardano builders can obtain and use the documents without barriers.
Delivery Month
5
Cost
20000
Progress
90 %
Milestone Title
Explanatory Docs for Vesting/Lockup Agreements & NFT Licenses + Q&A Session
Milestone Outputs
Preparation and uploading of one explanatory document (How-To) covering the purpose and context of the Vesting/Lockup Agreements and NFT License Agreement. The document will include plain-language commentary on at least two important clauses such as investor rights, transfer restrictions, or royalty allocation. In addition, one live Q&A session will be hosted for the Cardano community to present the Token Issuance Legal Suite (TILS), with the session recorded and made publicly available.
Acceptance Criteria
One explanatory document is delivered in an accessible format and published alongside the contracts. The commentary highlights legal risks, key clauses, and mitigation strategies in a way that is understandable to non-lawyers. A Q&A session shall be held live, open to the Cardano community, and the recording shall be made available afterward without restrictions.
Evidence of Completion
Public link to the completed and downloadable explanatory document published on Sparring.io. Public link to the recording of the Q&A session (e.g., YouTube or Google Drive) confirming open access for the Cardano community.
Delivery Month
6
Cost
10000
Progress
100 %
Please provide a cost breakdown of the proposed work and resources
Milestone 1: ₳ 20,000
Milestone 2: ₳ 10,000
Milestone 3: ₳ 20,000
Milestone 4: ₳ 10,000
How does the cost of the project represent value for the Cardano ecosystem?
The Token Issuance Legal Suite (TILS) provides the Cardano community with a set of** essential, legally reviewed token issuance agreements** that would otherwise cost projects tens of thousands in legal fees. By funding TILS through Catalyst, these contracts become free, open-source, and reusable, multiplying value across the ecosystem.
The project reduces costs in two ways: first, by giving projects direct access to ready-to-use templates; second, by establishing standardized agreements that cut down negotiation time and avoid repetitive legal work. Even one project avoiding a costly mistake or investor dispute can save more than the full project budget.
The staged milestone approach ensures efficient delivery and accountability: the majority of funds go directly into drafting the most valuable templates (80%), with only 20% allocated to explanatory docs and community engagement. This maximizes impact while ensuring clarity and usability for non-lawyers.
In short, TILS represents excellent value for money: high-quality legal infrastructure delivered once, but benefiting the Cardano ecosystem for years to come.
Terms and Conditions:
Yes
Tomas Richter Urban - Head of Crypto desk of Sparring (https://www.linkedin.com/in/tourban)
Coming from the world of banking, finance and capital markets law, Tomas has become an expert in crypto and fintech. He gained some first hand experience serving as a chief legal officer in a prominent crypto hedge fund. Tomas leads Sparring’s Crypto and Web3 practice.
Martin Repka - Legal Mind (https://www.linkedin.com/in/martin-repka-259451185)
Raised in startups, Martin focuses on IT law, intellectual property and corporate governance. He also assists various early stage blockchain & crypto businesses.
Andrej Solar - Senior Crypto Leal Mind (https://www.linkedin.com/in/andrej-solár-997a30112)
Andrej is a crypto enthusiast, and blockchain seasoned attorney. He regularly advises high-profile crypto & fintech companies. He serves as a CLO of a crypto wealth management platform on Cardano.