Managing Token Ownership: Sign, track and execute.

Transcript

foreign my name is Claire I'm head of product of e-sign and today I'm excited to be presenting um the founders Journey from ownership registry pretge to token distribution after token generation event I would like to introduce token table as a solution to potentially help Founders as well so let's get started I would like to start my presentation by evaluating the current practice of fundraising and let's look at this flowchart so this is a typical flowchart of a Founder fundraising from an Android investor you can see that it started by negotiating terms through social media if you're

like a decent Android investor you would do telegram or you would use email and then they would prepare the contract for DocuSign or if you're a cool you'll use e-sign or like traditional paper sign and then you will negotiate the payment method later through social media probably and an investor would initiate a transaction here's the what interesting is going to happen is that Founders and investors will manage the spreadsheet separately and then later the investor will ask founder about like is there any investment update through social media if they invest in a good project they'll probably tell them if not they would like disappear but they would manage the spreadsheet separately and oftentimes there will be discrepancy between these and as isan we see it as three segments throughout the process

that is sign paid court so if we look at this well clearly the first part is negotiated terms and settled in the terms and for the legal team to draft out the contract the second part is for the investors to pay the founders and the third parties for them to record out of the investment and for Esa I want to tackle this in three steps as well first start with the sign so ESI started off as a contract signing platform where we allow users to directly upload a PDF and sign contract with their private key and stored in our weave so we have a lot of user base and we ask them what do you use esign for a lot of them are using it for fundraising purpose and we ask them where do you get a template they said oh I got a staff

template from my founder friend or my investor provided this but oftentimes they're spending considerable amount of time for finding the template or like drafting the template and we don't want that we want the founders to focus on building out the product and want to take care of the operational part so that's where Eastern comes into play we provide all of the legal template including staff safe token Grant or if you are using some exotic terms like advisory contract we have all that we are in collaboration with big legal firms like Cooley manquin Law Firms and you can actually go into library.isan.xyz if you are currently fundraising and enter the terms generate a contract and send it to investors and this is how it looks like on a

library you can just like download the template and use it right away and later we extract the terms from the document where you can just input a fundraising terms and then generate and send it out in the next part the investor getting get the contract and we directly show this invoice for them to play so since it is crypto payment it will be much easier than a traditional web 2 competitors where the users will just investors upon them signing a contract they will be able to transfer the fund directly and we will show the invoice out of the invoice the completion of the contract will be recorded on chain on our weave as a decentralized storage so if you look we look at the flow here for Founders it will be the fundraising template and the contract management for investor will be sign a contract pay the

contract and then we provide the contract management and right now we have we hold an updatable like record for the founders and investors however we need to look at a full picture for the entire Founder's Journey before we were only talking about fundraising which is pre-tge and we'd need to look at the post CG as well well as isan we found that there is a disconnection between like pre-tge ownership registry and the post TG token distribution so that's where we want to come into play so after the user settle out of the legal document we're gonna issue the ownership certificate for the investors or token holders upon their signature is completed so this ownership certificate will be in the format of nft which is like a natural and smooth

transition for the founders cap table to move on chain and later on when they're ready to generate a token and redeem token they can still use e-sign as our subproduct token table to generate the token and distribute a token to the other token holders that's where we're gonna do the record ownership part so the companies will be able to log in directly with the multi sick and sign up token ownership contract later on once the investor or the token holder sign a contract we would issue the token ownership certificate as nft and um consider this so one address of the company will have certificate with like the token allocation investment amount out of the legal terms within it and um you can see it as they come on chain token cap table

and what's the next step with this on-chain token cap table we can actually connect to the second part of the project like the post tge project where we can handle out of the token unlock and real-time token emission dashboard so a lot of the pro project in the market are handling the token unlock in tokenvesting and we see that as a problem but we really want to take care of like the whole picture of the project development from the beginning to the end from ownership registry to token emission so this is what they will look at on token table once they're on token distribution we would detect their login address and see if they sign any if they like they have any nft certificate under that address and with that we would

generate like a table of um who who are your token holders what is the token quantity and what is the unlocking schedule as well and here um you can put in the unlocking start date and deploy the contract by yourself so what we do is that esign we have an unlocking smart contract on standard and we have multiple audit for that so our Founders you can just like come to token table and deploy your own contract and without having to manually input any records and once you deploy the contract we allow you to monitor your token distribution you can either partially or completely deposit your token to your contract and along the way we will automatically distribute a token

according to your token distribution and if you are adding more investors in the future you can directly click create token distribution by the way the token table products are live it's at tokentable.xyz if you want to try it out and if you use esign to sign any other token allocation contract we would also detect that and show your alert saying like there are 12 new stakeholders who have not been added to the unlocking content do you want to add them and we would allow you to create distribution from the stakeholder with just one click so no manual management anymore the founders can just do the project and product and for we're also building for investor as well so we are providing this portal for investors to manage their portfolio

we'll provide a list of a project and on here you can see when is the next token unlock um and we also provide a functionality for investors to batch claim from all of their portfolios and um some of investors we interviewed they said like they have the need to claim maybe to a different address to just diversify diverse it a little bit and um or they might want to claim to an exchange account so we also make that possible for our investors so there are actually something cool about our unlocking contract the first thing is maintenance free so for each of the project one project just one contract and um if you're adding more distribution in the future we're just

like adding to that smart contract so in that case we're saving gas fees for our Founders and second Skip and start so we are targeting not only like projects we're just studying out the token allocation but that would be great that would be ideal but if you're a post tge project you can also use this so um just come directly to token table and input your stakeholders input like the start date and the token unlocking schedule we would detect that and start from the current timestamp and the other two cool features that we mentioned is for investors are future token and tracker token so consider this when the founder deployed the unlocking contract we issue these future token as nfts to investors with the token allocation and

unlocking schedule returning to it so um the investors can transfer it just as any other non-fungible token if you want to trade it you can if you don't want the ownership of the country company anymore you can also do that but we just want to provide this kind of flexibility for the investors to add liquidity to the company's early shares as well and for tracker token once the part project deploy the contract we also add that to the investors address so this is just as a notification purpose where you don't have to log into token table you can always see how much token is available to claim directly on within your wallet okay so as I said we are not only targeting toward like token distribution

token unlocking we want to um consider the whole picture from token ownership registry to token distribution so we are also exploring more fundraising models uh apart from traditional like VC route we're also in collaboration with Juicebox this is an example so a crowdfunding is very popular among daos and we want to support that as well but one problem with that is there's a lack of long-term incentive in that so we want to be able to support token table and lock-in contract within juice box you can see here out of the other layout are all juice box but for token unlock you can actually select token unlock provided by Eastside and you can customize your unlocking schedule as you want if you want like multiple Cliff

multiple linear however you want you can customize it but if you think it's that's the best for your project with this we can actually make the crowdfunding more trustworthy and we can also provide the launch incentive for the token holders okay so last part um because we saw we are focusing on creating this for our founder friends we also want to add a social aspect to it that's why we're launching this social thing called catapult so um for those who don't know catapult is like a strip of accelerator on the mothership for the jet to like fly so that's how we named it and we are actually having an Andrews Club of the investors club with like a list of super

high quality Android investors some of them actually come from like our investing ourselves we do this because a lot of our current users are saying can you actually recommend us to some of the investors who want to do that for our users so um for we're first initiating the endless Cloud founder investors club and then we're gonna do the founders club with a group of high quality projects seeking for phones and with esan catapult we can help these founders with entity setup legal templates support along the way for fundraising and later we can do the token distribution so we just simply want to help the founders along the way for them to focus on the project and all of these will be um done on

telegram by the way with bots so um the endless Club will be like a token will be a gated um social platform and we will push out of the founders information to this club and if they're interested the Bots would create a group to chat for you guys to negotiated terms and that would be super interesting to explore but that concludes my presentation today and if you're interested in catapult feel free to scan it and um get into the telegram group chat if we have any updates we will also send it to the group chat as well yeah um that's it any question do we have time thank you we have plenty like I mean plenty with four minutes five minutes okay six minutes for questions foreign

second is regarding uh the product uh do you have plan for the kind of the team the employee token incentive as well just like chances of the Carter um yeah so to have that product plan as well just two questions oh yeah thanks for the question so for the first part of question it's um the Privacy part so we are going to encrypt out of the contract uh we have actually I'm sorry the new encryption method called One Tap encryption how we approach that is so for example I'm signing a contract with you you are my investor we are using our public wallet address to generate a public encryption key to encrypt the contract and later we use our private key to decrypt it so no password needed we are encrypting the contract and it's

more secure because we're using our address and private key to decrypt so out of the contract will be encrypted and stored on RV um and the second part of the question you're talking about the team incentive and token Grant so um currently tokentable.xyz you can do all that the team management team token um contract and stand with your team directly and it's performed the same as the fundraising process we consider investor and team member as like token holders so you can sign all that and all of that will be registered on chain as your on-chain token cap table uh one more question so what's a business plan uh East Side you charge or like a transitional service or you kind of like oh everything is free for now we just want to have this

concept out and have on board mode Founders okay thanks thank you another question okay anything you would like to add um no just go if you're interested just try it out tokentable.xyz and register account we don't charge anything if you have any product feedback feel free to reach out to me as well be around um at ECC for a week but yeah if no question thank you all very much for coming thank you very much [Applause] [Music]

thank you