> 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/the-charter-process/phase-3-prepare.md). # Phase 3: Prepare Following the Board phase, the Builder moves into a period of launch preparation. This is where the project lines up the key elements needed for a smooth and well-executed launch. Coordinating with the Builder, the Charter Foundation will schedule a launch date in the Charter Launch Schedule. This will ensure that Chartered tokens do not directly compete with each other for attention and liquidity at launch. Additionally, the Cayman Launch Company will incorporate a BVI Launch Subsidiary, to facilitate the launch. Builder Labs Company and Cayman Launch Company will work together to align on, token distribution, vesting, and stakeholder tracking to ensure that operational infrastructure is in place prior to launch. Additionally, BVI Launch Company will need to enter into appropriate market making arrangements, ensuring there is a clear plan for liquidity and post-launch trading support. This should be coordinated with key partners early. Partners such as Kraken and GSR can support listing readiness, liquidity, and launch coordination. Chartered tokens also get an accelerated application pathway into centralized exchange listing. Beyond these core steps, Builder Labs Company and Cayman Launch Company should work together to ensure overall launch readiness. This includes finalizing tokenomics and distribution mechanics, ensuring internal alignment on timing and execution, preparing any necessary public-facing materials, and confirming that operational processes, such as onboarding, KYC flows, and participant access, are functioning as expected. From a legal perspective, it is sometimes required by the Directors that builders obtain a BVI token memorandum. This provides a legal analysis of the token and the proposed launch structure, helping ensure that the launch is conducted in a manner consistent with applicable legal and regulatory considerations. Charter works with experienced counsel, including Carey Olsen, who can assist builders in preparing this documentation. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.charterfnd.com/the-charter-process/phase-3-prepare.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.