A PIA (Private Investment Agreement) is a new specialized type of investment agreement. Rather than documenting a “pre-sale” of tokens, a PIA allows the investor to convert their investment into coins at a future date. They are not required to convert at the time of the agreement.
As a PIA investor, an individual will be entitled to participate in a percentage of the net income of a company. They will also have the opportunity to convert their PIA into tokens or cash, pursuant to the timeline and terms set forth in the PIA. Because investors are entitled to a portion of the net income of an organization, this contract is safer and more stable than former contract models.
This is a new model for the sale of ICOs and STOs, and it replaces the old investment contract (SAFT) in which investors can convert their tokens/coins into equity at a later date.
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