►
From YouTube: W5 Legal Wg: Terms and conditions and great discussion
Description
Timecodes:
00:00 - Intencions of the call
04:35 - Quick round of ABC
13:55 - Investors vision
15:09 - Step by step document
18:20 - Dapp and terms and conditions
40:40 - Feedback on the discussion
50:44 - Closing
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A
A
Okay,
there's
a
there's
a
this
document
that
that
I
it's
posted
on
the
on
the
channel
on
the
legal
channel
up
there,
and
so
you
can.
You
can
just
open
it
up
if
you
want
to
share
it,
because
my
sharing
capabilities
are
not
the
greatest.
I
am
still
having
issues
to
share
my
screen
that
that
will
be
great
before
we
jump
into
that
document.
A
If
there
is
any
questions
regarding
the
graphic,
the
diagram
that
we
were
discussing
last
week,
if
anyone
wants
to
have
any
question,
although
we
are
still
tweaking
a
little
bit,
there
is
not
everything
defined.
Yet
there
is
a
couple
of
three
parameters
that
maybe
still
be
in
the
air,
but
but
basically
the
diagram
shows
just
about
everything
that
that
we're
gonna
have
to
decide
before
launching
can.
Can
you
tell
me
what
what
you
wanted
shared
again?
Yes,
stop
here,
the
the
step,
the
step-by-step
guide,
to
become
a
hatchery.
B
C
C
C
So
I
guess
I
have
a
question
on
the
diagram:
it's
still
loading
on
my
screen,
but
do
and
it's
really
for
sam.
I
think
that
we
can
settle
on
these
things
like
how
how
so,
where
are
the
question
marks?
You
know,
that's
that's
what
I
want
like
I.
I
think
we
can
settle
on
the
die
split
happening
before
from
that
last
call.
There
is
strong,
strong
opinions
on
like
people
getting
zero
and
that's
okay.
C
C
A
C
So
that
would
say
so:
there's
that's
not
actually
an
option.
So
the
one
is
you
can
redeem.
Let's
say
the
hatch
tributes
30
right.
You
can
redeem
a
hundred
percent
of
your
funds
or
sorry
a
is.
You
can
redeem
seventy
percent
of
your
funds.
If
you
don't
like
the
upgrade
to
the
final
dial
b,
is
you
can
redeem
a
hundred
percent
of
your
funds?
If
you,
if
you
don't
like
the
upgrade
to
the
final
down
and
c,
is
I
don't
know.
A
D
F
Yeah,
I
think
the
same
way
like
people
should
be
able
to
redeem
like
like
the
most
fun
they
they
put
in,
because
they
can.
I
mean
when
they
put
the
money,
then
maybe
they
get
more
involved
in
the
project.
But
if
there
is
like
some
restrictions,
they
might
think
twice
before
putting
money
and
yeah
once
they
are
in
they're,
going
to
invest
more,
not
in
money
but
on
the
knowledge
and
on
that
and
I'll
pass
it
to
dr
lah.
C
C
So
there's
the
there's,
the
hatch
tribute
percent
the
cultural
build
percent.
That's
like
how
many
the
money
that
goes
to
impact
our
people
and
then
there's
the
yeah.
Those
are
the
two
cuts,
so
we
get
to
decide.
Do
we
want
people
to
be
able
to
get
the
cultural
build
tribute
and
the
hatch
tribute
do
we
want
people
to
just
be
able
to
get
the
cultural
build
tribute,
100
or
100
back,
and
they
don't
even
have
to
pay
the
cultural
build
tribute.
C
I
do
like
the
compromise
of
this
cultural
build
tribute
to
people,
but
personally
I
like
the
forced
donation.
I
I
do.
I
I
like
this
idea
of
hey.
Do
you
care
about
token
engineering
public
goods,
if
so,
participate
in
a
hatch,
because,
no
matter
what
there's
a
percentage,
that's
just
going
to
be
donated
like
don't,
don't,
join
us
if
you're,
not
down
for
that
donation
and
you're,
also
going
to
contribute
to
the
cultural
builder,
but
that
maybe
that
is
too
much
and
I'm
okay
with
the
compromise
but
yeah.
I
I
like
that.
G
H
H
C
Okay,
so
coach
me
and
chris
there's
a
there's,
this
question
of
like
background
we're
launching
in
two
parts
there's
a
dow
that
gets
funded
and
then
that
doubt
upgrades
to
the
bonding
curve
and
conviction.
Voting
before
that
upgrade
happens,
there'll
be
a
vote
and
those
and
the
people
who
vote
yes
on
the
upgrade
they
will
not
be
able
to.
C
They
will
have
to
do
the
upgrade,
but
the
people
who
vote
no
or
or
don't
vote
on
it
they'll
have
the
option
to
to
cat
to
like
not
be
upgraded,
so
they'll
have
participate
in
the
hatch
and
put
money
in
and
they'll
be
able
to
get
some
of
that
money
back
they're.
Quite
there's
there's
a
two
tributes
that
that
they
may
have
to
pay,
and
so
the
options
are:
should
the
people
who
decide
not
to
do
the
upgrade?
Should
they
get
a
hundred
percent
of
their
funds
back?
C
Should
they
pay
the
cultural
build
tribute
which
will
be
somewhere
between
twenty
and
five
percent,
we'll
say
and
or
should
they
pay
the
cultural
build
tribute
and
the
hats
tribute
and,
and
we
don't
know
what
the
hashtag
will
be-
let's
just
say:
thirty
percent.
What
the
hatch
tribute
is
the
fourth
donation,
token
engineering
public
goods
chris.
What
do
you
think.
G
C
C
H
C
Well,
you
just
you
get
these
tokens
they're,
backed
by
a
certain
number
of
tokens,
but
by
certain
number
die,
and
then
you
pull
it
back.
I
I
feel
bad.
I
don't
want
to
waste
this
meeting
on
this.
This
was
an
intro
question.
I
feel
like
I'm
taking
over
the
call.
So
santi
do
you
want
to
time
box
us
here.
A
A
So
still
to
me,
it's
a
fair
bet.
You
know
you
bet
on
something
you
don't
lose
all
your
money,
you're
able
to
get
most
of
your
money
back
and
and
on
the
other
side.
If,
if
we
succeed
your
money
gets
raised
or
your
your
investment
gets
raised
from
the
very
first
day
or
the
very
first
month
anyway,
we
can
go
to
the
step-by-step
document.
Can
you
can
you
just
go
up
the
agenda
and
there's
a
link
to
that
document
over
there?
A
If
you
click
it,
you
should
be
able
to
open
it
up
there
we
go
okay.
This
is
this.
Is
the
the
step-by-step
process
that
we're
gonna?
We
all
we
have
to
go
through
in
order
to
to
join
the
the
dal
either
if
we
are
just
contributing,
as
as
you
know,
as
impact
towers,
or
if
we
are
putting
money
in
as
investors
or
both
now.
A
Now,
after
you
are,
let's
say,
admitted,
and
you
are
not
rejected
if
you're
rejected,
that's
it
you're
gone.
If
you're
admitted
you
can
move
forward
to
become
part
of
the
swiss
association
where
the
common
stock
is
okay,
so
every
one
of
us
will
have
to
be
a
member
of
the
swiss
association
and
that
the
representation
of
that
membership
will
be
the
csdk
tokens.
A
Okay
and
correct
me:
if
I'm
wrong
grief
there,
so
the
process
of
becoming
a
member
will
be
embedded
into
adapt
that
we
are
building
and
we
we
can.
We
can.
I
don't
know
if
you
want
to
click
on
the
figma
on
the
figma
link
or
the
or
the
working
process
link.
I
don't
know
which
one
is
going
to
show
better
the
process,
probably
the
figma,
because
it
already
has
all
the
screenshots.
H
C
Sorry
so
this
is
the
token
engineering,
commons
call
and
yeah
the
token
engineering
commons,
as
you
know,
is
being
launched
by
the
common
stack
associate
well
not
being
launched.
The
common
snack
association
members
are
the
only
ones
who
are
allowed
to
actually
participate.
In
the
token
engineering
commons
hatch
is
the
is
the
thought
process
and
so
we're
going
through.
We
have
a
couple
other
lawyer,
legal
experts
on
this
call
or
experts.
J
The
way,
by
the
way,
that's
a
really
cool
idea
with
terms
and
conditions,
if
you
really
want
to.
If
you
want
your
members
to
go
through
them,
you
might
be
putting
in
a
sentence
or
two
and
then
a
word,
everybody
that
found
that
hidden
in
terms
of
conditions
just
to
make
sure
that
everybody
kind
of
reads
them.
It's
an
incentivization,
but
it's
just
like
intermittent
idea.
H
Like
that,
I
just
want
to
make
sure
that
we
we
have
to
separate
between
the
organization
that
has
the
the
hatch
and
gives
out
tokens
and
the
common
sec
association.
So
tech
should
should
the
tec
should
sort
of
need
people
to,
and
I
that's
that's
how
I
understand
this
tool,
the
tool
that
is
owned
by
the
common
stack
and
and
the
tec
decides
that
they
only
accept
members
of
their
participants.
H
If
they're
members
of
the
the
common
stack,
which
is
fine
but
it's
it
should
not
be
sort
of
a
website
by
the
tc
where
people
get
membership
into
common
stack,
it
should
be
separate
page
that
they
lead
into
and
so
on,
so
that
people
know
that
they're
now
getting
becoming
member
of
the
commonsec
association.
This
is
important.
H
H
H
C
A
Okay,
now
after
you
sign
in,
you
will
be
faced
to
this
page
and
basically
what
this.
What
this
page
says
is
that,
although
you
may
have
already
see
sdk
tokens
until
you
become
a
member
of
the
association,
you
cannot,
you
cannot
use
those
tokens.
You
won't
be
allowed
to
use
those
tokens
to
purchase
tec
tokens
is
that
is
that
correct
with
okay?
C
So
there's
like
an
address
and
a
number
that
represents
the
max
percentage
of
the
total
supply
of
c-stock
tokens
allowed.
We
do
not
want
anybody
to
be
the
whale
like
like
right
now.
I
have
25
percent
of
c-stock
and
I'm
gonna
have
to
burn
them
because
I'm
only
allowed
10,
that's
like
the
max.
Anyone
can
and
some
people
who
are
trusted
less
will
even
like
if
someone
applied
and
we
can't
find
anything
on
them.
L
C
Yes,
so
being
accepted
to
the
trusted
seed
does
not
get
you
any
sea
stock
tokens.
However,
being
a
member
to
be
a
member
of
the
association,
you
will
have
to
donate
funds
or
contribute
funds
and
pay
a
membership
fee
which
will
guarantee
that
you
get
sea
stack
tokens.
So
anyone
who's,
a
member
of
the
swiss
association,
will
have
c
stock
tokens.
But
the
first
first
step
is:
you
have
to
apply,
get
accepted
and
then
pay
your
membership
fee.
A
C
Individual,
if
you
have
impact
hours
and
you,
then
you
probably
have
c
stack
tokens
as
well,
and
I
guarantee
you
have
c
stack
tokens
as
well,
because
we
dish
c
stack
tokens
to
everyone
who
who
has
impact
hours.
Then
you
have
you.
Might
you
might
have
c
stack
tokens
already
it
you're
gonna
have
to
pay
you're
gonna
have
to
come
through.
You
will
have
to
have
applied
for
the
trusted
seed
to
get
those
c
stack
tokens.
If
you
don't
apply
for
the
trusted
seed,
then
we
have
it
just
in
a
spreadsheet.
C
C
The
amount
of
c-stack
tokens
that
they
have
will
still
be
in
the
spreadsheet.
It'll
still
be
there.
If
they
come
back
and
apply
to
the
trusted
seed
and
and
pay
their
membership
dues,
we
will
send
them
those
sea
steps,
so
they
don't
really
lose
the
sea
stack
total,
but
what
they
do
lose
is
the
ability
to
enter
the
tec.
Hatch.
That's
why
we
have
to
burn
their
on
chain
c
stack
tokens.
We
have
a
whole
list
of
who
has
c-stack
tokens
and
we
don't
have
their
address
to
give
it
to
them.
That's
that's!
Okay.
C
C
C
C
There
will
never
be
a
token
for
impact
hours,
it'll
end
up
being
just
an
array
of
addresses
and
an
amount,
and
then,
when
we
laun,
when
the
tec
has
its
hatch,
those
people
will
get
a
certain
month
amount
of
tec
tokens,
and
then
there
are
c
stack.
Tokens
and
c
stack.
Tokens
in
in
many
ways
have
nothing
to
do
with
impact
office.
C
C
So
I
can
see
where
it's
very
confusing,
but
in
the
end
anyone
who
is
just
praised
almost
certainly
got
both
c-stack
tokens
and
impact
hours.
If
you
have
sea
stack
tokens,
you
can
buy
into
the
hatch,
you
can
sorry
deposit
funds
into
the
hatch
and
if
you
have
impact
hours,
you'll
get
free
tec
tokens
minted
for
you.
C
C
A
C
A
C
C
C
So
now
so
here
they
have
to
choose
to
make
a
contribution,
and
then
they
can
make
the
contribution
if
they
try
to
contribute
more
than
their
max
trust
level
of
c
stack
tokens
they'll
get
a
warning,
it's
like
hey,
you
can
send
extra
money,
but
you
won't
get
more
c-stack
tokens
for
it.
You
should
just
reach
out
to
us.
Tell
give
us
your
linkedin
and
your
twitter.
Let
us
check
you
out,
maybe
have
a
quick
conversation
hear
what
your
intentions
are.
K
J
A
J
C
A
H
H
Be
allowed
stuff
like
that,
so
you
would
have
all
these
compliance
restrictions
and
we
try
to
avoid
that
by
separating
it
and
still
mitigating
risk
of
participants
by
having
them
as
a
common
stack
association
member
and
we
would
cover
their
their
legal
fees
if
they
have
any.
If
there's
any
legal
threat,
it
would
cover
part
of
the
legal
fees
up
to
10
000
swiss
francs,
that's
sort
of
the
the
coverage
we
can
give.
It's
almost
like
an
insurance.
You
would
go
to
the
to
the
common
sec
association.
C
Hey
a
quick
thing:
coach,
we,
the
the
minimum,
is
one
die,
but
let's
scrub
that
from
our
vocabulary,
because
the
default
on
the
app
will
be
500,
and
this
is
like
the
only
way
the
common
stack
can
raise
money
and
pay
everyone's
salaries.
So
yeah,
we
don't
have
to
say
we
should
never.
I
just
don't
want
to
avoid
anchoring
anyone
to
the
one
die
idea
and
we
just
keep
it
ambiguous
and
say:
membership
and
and
pray
that
people
want
to
support
our
salaries.
H
C
C
H
So
many
ways
you
can
do
that
I
mean
there's
like
you
can
separate
members.
You
can
say
that
we
have
members
and
we
have
regular
members
and
we
have
voting
members.
We
have
non-voting
members.
So
there's
many
ways
you
can
differentiate.
If
you
want
to
not
saying
we
have
to,
but
I'm
just
saying
you
know
it's.
C
C
A
I
No,
I
think
it
was
clear
I
think
we
discussed
this
also
in
the
last
call,
or
at
least
a
few
calls
ago
and
as
you
said,
I
think
it's
very
important
how
we
communicate
that
and
that
you
know
like
when
you
come
to
the
webpage
or
when
you
need
to
do
that,
that
it's
as
easy
as
possible.
But
I'm
sure
that
you
have
people
that
are
responsible
for
that
and
good
at
doing
that.
A
A
E
C
There's
so
it's
an
internal
title,
but
there's
nothing
like
they
don't
get
a
bonus.
If
anything,
community
stewards,
it's
like
they're
sacrificing.
You
know
they
become
praised
quantifiers
and
they
get
less
praise.
They
do
more
work
and
get
less
recognition,
they're
heroes,
but
they
don't
get
anything
special.
C
I
think
that
they
end
up
with
more
social
power
and
that's
that's
pretty
much
the
that's
the
reward
and
it
it
ends.
Up
being
I
mean
all
the
stewards
get
a
lot
of
praise
for
sure,
so
they
end
up
getting
usually
more
rewards.
But
honestly,
I'm
more
disappointed
about
you
lawrence,
because
you
don't
have
a
telegram
account.
So
we
never
did
you
praise
and
you
do
so
much,
but
but
yeah.
M
C
K
C
C
C
M
D
A
C
A
C
C
Then
we
have
internal
testing,
then
we
have
external
validation
and
then
on
the
first
there's
going
to
be
a
board
meeting
with
coach
b
chris
and
a
few
other
board
members
to
ratify
the
statutes,
and
then
we
should
be
able
to
start
accepting
members
right
after
that
and
the
dap
should
be
ready.
So
the
timeline
is
good
and
we're
ready
we'll
be
ready
to
start
accepting
hatcher's
right
after
the
new
year.
A
C
Yeah,
the
adaption,
the
dap
will
be
done
before
this
I
mean
we've
already
accepted
a
lot
of
members,
so
it'll
just
be
launching
it's
really
what's
holding
it
up.
Is
it's
just
scoring
an
extra
week
of
accepting
hatcher's
isn't
worth
the
bureaucracy
of
just
waiting
till
the
end
of
the
calendar
year
and
then
starting
fresh,
so
coach
b
on
the
first
friday,
the
first
we're
gonna
have
us
we're
gonna,
ratify
the
statutes
and
then
we
will
and
then
we'll
we'll.
G
G
C
A
Okay,
there's
no
more
questions.
I
think
we
can
call
it
for
the
hour.
It's
almost
there.
I
hope
it
was
a
great.
It
was
a
great
hour
just
showing
you
the
process
and
getting
your
feedback.
Hopefully
you
should
be.
We
should
be
able
to
start
testing
it
quite
soon
and
once
we
test
it
with
the
people
already
on
the
cultural.
I
C
C
When
people
participate
in
the
hatch,
which
will
be
need
to
be
done
by
need
to
be
run
through
legal,
soft,
gov
and
gravity
all
need
to
have
their
pieces
in
there,
then
we
need
the
terms
and
conditions
for
when
people
vote
and
dandelion
voting
to
do
the
second
launch
and,
like
any
other
changes
of
parameters,
we'll
we'll
need
to
run
that
through
legal
software
of
gravity,
then
we
need
terms
and
conditions
for
those.
Those
are
the
two
things
we
need
before
the
hatch.