A Crypto Project Hasn’t Delivered Your Tokens. What Can You Do?

Start with what the project agreed to deliver

“Token investment” can describe very different arrangements. A SAFT, token warrant, direct purchase agreement, and advisory agreement may provide different rights. The document’s title alone will not tell you whether tokens are currently due.

Read the signed agreement alongside its schedules, amendments, and side letters. Identify:

• The legal entity that owes the obligation.
• The token and quantity, or formula for calculating your allocation.
• The event or date that triggers delivery.
• Any vesting, transfer restrictions, or investor requirements.
• What happens if the project never launches or winds down.
• Who can amend the terms and what approvals are required.

Separate a projected launch date in a pitch deck from a binding deadline. Also distinguish token delivery from vesting and the ability to sell. Tokens might be delivered to a restricted wallet before they become transferable, or delivered in installments as they vest.

These distinctions determine what you should be asking the project to do.

Has the delivery obligation actually been triggered?

Consider a hypothetical agreement requiring delivery within 30 days of a defined “Token Generation Event.” The project announces a launch and distributes tokens to other participants, but tells you that your allocation will be addressed later.