TokenTable: The ultimate solution for Web3 founders to establish a reliable tokenomics structure

Original Title ：TokenTable: The Ultimate Solution for Web3 Founders to Build a Credible Token Cap Table

Author: Claire Ma, Product Lead @EthSign

Web3 founders face significant challenges in token management and allocation. As project development progresses, the mechanisms involved become increasingly complex, including SAFE and SAFT agreements, token incentive contracts, and various token unlocking schemes. Maintaining an accurate and transparent token cap table using traditional tools like spreadsheets is inherently difficult due to their errors and inaccuracies. The demand for a reliable and comprehensive solution has become urgent for founders. Here, EthSign is pleased to launch the public beta of TokenTable to assist every Web3 founder in making progress on their exciting entrepreneurial journey.

TokenTable aims to provide a reliable, transparent, and convenient "one-stop" service for token cap tables for all Web3 projects, facilitating collaboration with potential investors, communities, and centralized exchanges (CEX). TokenTable enables founders to manage token allocations, fundraising contracts, and team incentive contracts on a centralized platform, streamlining the entire process from planning to launch.

The design of TokenTable incorporates accuracy, transparency, and security, allowing founders to easily understand the latest status of their token ownership. TokenTable ensures that the founders' token cap table is reliable and authentic, thereby enhancing the legitimacy their projects deserve.

TokenTable includes a complete set of features built for Web3 founders:

Token Allocation Planning

Token allocation planning is a key aspect in the initial stages of any Web3 project. The distribution of tokens determines ownership distribution and plays a crucial role in the overall success, market value, and long-term sustainability of the project. Well-designed planning is essential for achieving fair and reasonable ownership distribution, as well as incentivizing token holders. TokenTable allows founders to plan allocations in advance based on token economics, setting allocation ratios for different token holders such as core teams, founders, and communities, ensuring that potential investors and the community can participate in a fair and transparent distribution.

Shareable TokenTable Dashboard

Having a timely updated shareable dashboard is crucial for any Web3 project that wants to establish credibility and transparency in the eyes of potential investors and the community. Under traditional methods, static token allocation plans and release schedules listed in project whitepapers or documentation are prone to errors, leading to community distrust. For example, the token allocation table listed in the official whitepaper of YGG DAO shows that the total allocation does not add up to 100%, and this allocation is inconsistent with the distribution in the public spreadsheet. Such confusion can be avoided by using TokenTable.

The shareable dashboard feature of TokenTable provides investors and community members with a reliable and transparent source of information. Founders can now generate a clear and readable dashboard on TokenTable that includes the token allocation plan, unlocking schedule, and project overview. This dashboard can effectively communicate the project's token allocation strategy and build trust with the project's stakeholders. Additionally, the dashboard can assist in the financial due diligence process, making it easier for potential investors to assess the project's financial health and make informed investment decisions.

Connect Treasury Address

TokenTable's financial management feature allows users to conveniently connect directly to their Gnosis Safe multi-signature account or any other treasury address, enabling seamless management and tracking of financial balances, token holdings, and transactions.

Fundraising Planning and Management

By using TokenTable, Web3 founders can streamline the entire fundraising process. Founders can plan the details of fundraising rounds, initiate and sign SAFE and SAFT agreements with investors using EthSign's existing contract signing technology, track token unlocking status, and send receipts. We provide founders with a range of legal contract templates reviewed by top law firms, venture capital firms, and DAOs. TokenTable's fundraising management feature helps founders ensure a structured and well-managed fundraising process, providing clear project overviews, financial status, and token unlocking schedules for both founders and investors.

Team Management

TokenTable's team management feature allows founders to send and sign token incentive contracts directly with team members, ensuring that founders can securely and accurately record token ownership. By tracking actual token ownership and planned allocations, TokenTable can ensure that the project stays on track while recognizing and rewarding team members' contributions. TokenTable's team management feature provides an important tool for Web3 projects looking to build a strong and focused development team.

We are excited to announce the launch of the public beta of TokenTable and invite all Web3 founders to try it out and fully experience the convenience TokenTable brings to you. With TokenTable, you can focus on building your project while leaving the tedious task of token management to us.

Not Just for Founders: Token Management and Portfolio Tracking

TokenTable benefits not only Web3 founders but also token holders. Token holders can easily accept and sign token contracts on the platform, monitor their portfolios with real-time metrics, manage their contract documents, and track token unlocking schedules. The increased transparency and accessibility foster greater trust between token holders and projects. Through TokenTable, both parties can securely and efficiently manage token transactions while keeping track of investment progress and available tokens.

Future New Features of TokenTable

The TokenTable team is continuously working to enhance product features to better serve our users. In addition to the existing features mentioned above, we are excited to announce a series of upcoming new features that will further streamline the token management process for Web3 founders.

• Token Issuance and Smart Unlocking: We will introduce token generation and unlocking contract features, allowing project teams to generate tokens and unlocking contracts with just one click based on data and contracts directly from TokenTable. This feature not only provides a convenient and reliable solution but may also save Web3 founders valuable time and resources.
• Decentralized Data Storage: We plan to implement decentralized data storage and access control, allowing users to choose to store data in a decentralized manner. With flexible access control settings, users can control who can access their on-chain data, further enhancing security and ownership. This added layer of security sets TokenTable apart from its competitors, making it the ultimate choice for Web3 founders.