> 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-4-launch.md).

# Phase 4: Launch

When the scheduled launch date arrives, the Builder Labs Company formally notifies the Charter Foundation that it intends to initiate the token launch.

At that point, Cayman Launch Company, as the sole director of the BVI Launch Subsidiary will review the readiness of the structure and, once satisfied, authorize the BVI Launch Subsidiary to proceed with the token launch. This ensures that the launch occurs within a coordinated and properly governed framework.

During the Launch phase, tokens issued through the BVI Launch Subsidiary are structured to integrate directly with Magna, providing a coordinated token management layer from the moment of launch.

Rather than treating token operations as a separate, post-launch step, Charter aligns the launch process with downstream infrastructure from the outset. This allows projects to move seamlessly into:

* adoption of token incentive plan,
* token distribution and allocation management,
* vesting and lockup enforcement,
* cap table and stakeholder tracking,
* ongoing token operation.

**Disclaimer**: The Charter Foundation’s constitutional documents mandate the Directors to facilitate launches. But they are not obligated to proceed if there is a strong reason to believe that doing so would be unlawful or otherwise improper. The Charter Foundation will not trigger the launch of tokens should it present a serious risk of legal or reputational harm.


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