Ink Foundation and GSR Establish Charter Foundation to Lower Token Issuance Costs

The Ink Foundation, GSR, and several legal and auditing firms have launched the Charter Foundation to provide a shared legal framework for crypto founders. By utilizing independent Cayman Islands entities for projects, the framework aims to reduce upfront token issuance costs by more than half. Partners include Carey Olsen, Cooley, ChainSecurity, and Zellic. The initiative addresses the high costs, often exceeding $100,000, associated with setting up traditional multi-entity structures before a token generation event.