The secret is out, the token and the business are not always the same thing. The Token Transparency Filings (TTF) are for projects aligning their token with the success of their business. Enter the NEW B1 ICO Filing.

The B1 filing is a one-time disclosure for all ICOs & launch platform TGEs This effort is jointly led by the following launch platforms @AerodromeFi, @KaitoAI, @tallyxyz, @legiondotcc, @MetaDAOProject, @JupiterExchange, @metaplex.

Since TTF launch 7mo ago, 30+ protocols have raised the industry standard by disclosing their - revenue streams - token-to-equity relationship - MM agreements The Token Transparency Framework began with the B2 Post-ICO filing led by Theia’s @TheiaResearch, Pantera’s @cosmo_jiang, L1D’s @0xLouisT, & Blockworks @smyyguy.

Now the TTF is evolving into the Token Transparency Filings - solving the info gap with multiple filing standards. The B2 Post-ICO Filing is for protocols older than 6 months. The new B1 ICO Filing can be completed before TGE or up to 6 months after TGE.

B1 Filing industry benefits... Investors: ends guessing w/ granular risk visibility. Protocols: signals token commitment w/o the need for buybacks + faster exchange listings. Launch platforms: ensures every project is under the same open trust standard at launch.

So, what is actually in a B1 Filing? It is a standardized, 11-part disclosure designed to kill ambiguity. We focused on the data points that are usually hidden in fine print or missing entirely.

For the first time, projects must disclose details on where the power actually lies. The DAO, Foundation, and DevCo must explain their - IP Ownership - Value Accrual - Onchain Parameter Rights - MM Deals - CEX/DEX Agreements - Onchain Checks & Balances

@MeteoraAG scored 40/40 on their B1 Filing. This score showcases full visibility into ops + a real commitment to token holders. They’re sharing material with the whole community that is usually reserved for insiders. There is no precedent for this level of transparency.

Blockworks views the Token Transparency Filings as complementary to SEC Chairman @SECPaulSAtkins and CFTC Chairman @MichaelSelig views on DeFi. We’ve directly partnered with projects to produce effective self-regulation and better position the industry for future success.