> For the complete documentation index, see [llms.txt](https://docs.charterfnd.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.charterfnd.com/charter-basics/definitions.md).

# Definitions

“**Builder**” means the team or entity seeking to launch a token through the Charter framework.

“**Builder Labs Company**” means the operating entity responsible for developing the project, including its technology, product, and commercial strategy.

“**Charter**” means the structured framework for launching tokens as described in this document.

“**Charter Foundation**” means the independent Cayman Islands Foundation Company which governs the Cayman Launch Company as its sole director.

“**Cayman Launch Company**” means the Cayman Islands Exempted Company formed to serve as the holding and governance vehicle for the token launch, which wholly owns and is the sole director the BVI Launch Subsidiary, enters into the Builder Asset Transfer Agreement and the Builder Services Agreement with the Builder Labs Company, and which is subsequently converted into the Post-Launch Foundation upon Release.

“**BVI Launch Subsidiary**” means the British Virgin Islands business company formed under the BVI Business Companies Act, wholly owned by the Cayman Launch Company, that serves as the operational launch vehicle for the project, executing the token mint and issuance and entering into launch-facing agreements including token generation documentation, market-making agreements, and exchange listing agreements.

“**Builder Asset Transfer Agreement**” means the agreement between the Builder Labs Company and the Cayman Launch Company, pursuant to which the Builder Labs Company may transfer to Cayman Launch Company, among other things, certain intellectual property rights and initial capital. This transfer will come with a condition that following the launch of the Token, the Cayman Launch Company will undertake the Release.

“**Builder Services Agreement**” means the agreement between the Builder Labs Company and the Cayman Launch Company, governing the relationship between the entities throughout the Charter Process and beyond.

“**Charter Process**” means the sequence of phases through which a Builder progresses, including Apply, Board, Prepare, Launch, and Release.

“**Charter Services Agreement**” means the agreement between the Builder Labs Company and the Ink Foundation governing participation in the Charter framework, fees, token allocation, and ecosystem access.

“**Facilitating Partner**” means the Ink Foundation, which facilitates Charter Process as a service provider to the Charter Foundation.

“**Ink Blockchain**” means the Ink, the Ethereum Layer 2 Blockchain, unleashed by Kraken.

“**Launch**” means the process by which the Token is issued through the BVI Launch Subsidiary in accordance with the Charter framework.

“**Partners**” means third-party service providers that have worked with the Charter Foundation to develop the Charter workflow and may support Builders during the Charter Process.

“**Post-Launch Foundation**” means the Cayman Islands Foundation Company that results from the conversion of the Cayman Launch Company following Launch, serving as the long-term governance and stewardship entity for the Builder’s network, and retaining ownership of the BVI Launch Subsidiary as a wholly-owned subsidiary.

“**Release**” means the post-launch conversion of the Cayman Launch Company into the Post-Launch Foundation.

“**Token**” means the digital asset issued or to be issued by or through the BVI Launch Subsidiary in connection with a project.

“**Token Allocation**” means any allocation of Tokens to Charter Foundation and/or its Partners as part of the Charter engagement.

“**Token Generation Event**” or “**TGE**” means the event at which the Token is initially issued or made available to the public.


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