TokenTable: The Ultimate Solution for Web3 Founders to Build a Credible Token Cap Table
Web3 founders face a daunting challenge in managing token allocation due to the increasingly complex mechanisms involved with the development of the project, including SAFE and SAFT contracts, grant contracts, and various unlocking schedules. Maintaining an accurate and transparent token cap table using traditional means, such as spreadsheets, is an even greater challenge due to the inherent risk of mistakes and inaccuracies. The need for a reliable and comprehensive solution has been long overdue. We are excited to announce TokenTable public beta — built to help every web3 founder along their exhilarating journey.
TokenTable is the one-stop shop for web3 projects to build a trustworthy and transparent token table that they can proudly share with potential investors, communities, and CEXs. It enables founders to manage their token holders, sign fundraising contracts, and team grant contracts all in one place, streamlining the entire process from planning to launch.
TokenTable is designed with accuracy, transparency, and security in mind, making it easy for founders to keep track of their token ownership and ensure their records are up-to-date. With TokenTable, you can rest assured that your token cap table is credible and truthful, giving your project the legitimacy it deserves. TokenTable entails a full suite of features built for the web3 founders:
Token Allocation Planning
Token allocation planning is a crucial aspect of any web3 project’s initial stage. The allocation of tokens determines ownership distribution and plays a critical role in the project’s overall success, market capitalization, and long-term sustainability. Careful planning is key to a fair and reasonable distribution of ownership, and the incentives of the token holders. TokenTable enables you to create pocket labels and assign allocations in advance, ensuring a fair and transparent distribution for potential investors and the community.
Shareable TokenTable dashboard
Having a dynamic and up-to-date shareable dashboard is crucial for any web3 project to establish credibility and transparency in the eyes of potential investors and the community. Traditional methods of generating and embedding a static token allocation planning and vesting schedules graphic in the project article or even whitepaper can often lead to inaccuracies and cause distrust among the community. In the following example of YGG DAO token distribution that is included in the official whitepaper, the distribution of fund does not add up to 100% and is not aligned with the public spreadsheet document allocation. This type of confusion can be avoided with TokenTable.
TokenTable’s shareable dashboard feature provides a reliable and transparent source of information for investors and community members. Founders can now generate a clear and easy-to-read dashboard that contains the token allocation plan, unlocking schedule plan and status, and project overview on TokenTable. It can effectively communicate their token distribution strategy and establish trust with their stakeholders. The shareable dashboard can also assist with financial due diligence processes, making it easier for potential investors to evaluate the project’s financial health and make informed investment decisions.
Linking Treasury Account
TokenTable’s Treasury Management feature enables users to connect directly to their Gnosis Safe account or any other treasury address in the most user-friendly way possible, allowing for seamless management and tracking of treasury balances, token holdings, and transactions.
Fundraising Management
By using TokenTable, web3 founders can streamline the entire fundraising process. Founders can plan fundraising round details, initiate and sign SAFE and SAFT contracts with investors using EthSign’s existing contract signing technology, track token unlocking status, and send invoices. We provide contract templates for the founders, a library of legal contracts reviewed by attorneys from top law firms, VCs, and DAOs. TokenTable fundraising management helps founders to ensure that the process is structured and well-managed, and it provides a clear project overview, financial status, and token unlocking schedule to both the founders and the investors.
Teams
TokenTable’s Team Management Feature allows founders a secure registration of token ownership by sending and signing token grant contracts directly with team members. By tracking actual token ownership alongside planned allocation, TokenTable ensures that the project stays on track and that team members are recognized and rewarded for their contributions. TokenTable’s Team Management Feature provides an essential tool for web3 projects looking to build a strong and dedicated team.
We’re thrilled to announce the public beta launch of TokenTable and invite all web3 founders to try our product and experience the benefits for themselves. With TokenTable, you can focus on building your project and leave the token management to us.
Not Just for Founders: Token Management and Portfolio Tracking
TokenTable offers benefit not only to web3 founders but also to token holders. Token holders can use the platform to easily accept and sign token contracts, monitor their portfolio with real-time metrics, manage their contract documents, and track token unlocking schedules. This increased transparency and accessibility fosters greater trust between token holders and projects. With TokenTable, both parties can manage their token transactions securely and efficiently while staying informed about the progress of their investments and claimable tokens.
New Features on the Horizon
At TokenTable, we are continuously striving to enhance our product features to better serve our users. In addition to our current features mentioned above, we are excited to announce upcoming features that will further simplify and streamline the token management process for web3 founders.
Token generation and smart unlocking: We will be introducing a token generation and unlocking contract feature that will allow projects to generate token and unlocking contracts with just one click, based on data and contracts directly from TokenTable. This feature will not only provide a convenient and reliable solution, but it will also save web3 founders valuable time and resources.
Decentralized data storage: We plan to implement decentralized data storage and access control, giving users the option to store their data in a decentralized manner. With flexible access control settings, users can control who can access their on-chain data, further enhancing both security and ownership. This added layer of security setsTokenTable apart from its competitors, making it the ultimate choice for web3 founders.