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Merge pull request #25 from lex-node/legal-updates
updates to whitepaper, readme.md and directory structure
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.gitignore

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README.md

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# SFT Protocol
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# ZAP Protocol
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## Description
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The SFT protocol is a set of smart contracts, written in Solidity for the Ethereum blockchain, that allow for the tokenization of financial securities. It provides a robust, modular framework that is configurable for a wide range of jurisdictions, with consideration for real world needs based on today’s existing markets. SFT favors handling as much permissioning logic on-chain as possible, in order to maximize transparency for all parties involved.
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The ZeroLaw org-Augmentation Protocol (ZAP) is a set of smart contracts, written in Solidity for the Ethereum blockchain, that allow for the tokenization of financial securities. It provides a robust, modular framework that is configurable for a wide range of jurisdictions, with consideration for real world needs based on today’s existing markets. ZAP favors handling as much permissioning logic on-chain as possible, in order to maximize transparency for all parties involved.
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## How it Works
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SFT is designed to maximize interoperability between different network participants. Broadly speaking, these participants may be split into four categories:
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ZAP is designed to maximize interoperability between different network participants. Broadly speaking, these participants may be split into four categories:
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* **Issuers** are entities that create and sell security tokens to fund their business operations.
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* **Investors** are entities that have passed KYC/AML checks and are are able to hold or transfer security tokens.
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## Components
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The SFT protocol is comprised of four core components:
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ZAP is comprised of four core components:
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1. **Token**
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## Develoment Progress
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The SFT Protocol is still under active development and has not yet undergone a third party audit. Please notify us if you find any issues in the code. We highly recommend against using these contracts prior to an audit by a trusted third party.
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ZAP is still under active development and has not yet undergone a third party audit. Please notify us if you find any issues in the code. We highly recommend against using these contracts prior to an audit by a trusted third party.
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## Testing and Deployment
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## License
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This project is licensed under the [Apache 2.0](https://www.apache.org/licenses/LICENSE-2.0.html) license.
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The code in this project is licensed under the [Apache 2.0](https://www.apache.org/licenses/LICENSE-2.0.html) license. The ZAP Whitepape r and SFT Yellowpaper are licensed under [Creative Commons - Attribution-NonCommercial-NoDerivatives 4.0 International](https://creativecommons.org/licenses/by-nc-nd/4.0/legalcode). All model legal forms, including all documents contained in the "model-legal-forms" folder, are licensed under [Attribution-ShareAlike](https://creativecommons.org/licenses/by-sa/4.0/legalcode).

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