M0–M12. Sign the first 100 Founding Partners, register nodes, and close the first Proof of Business. The phase exits at 30+ Founding nodes and 5+ PoB records.
Updated
12.1 · Business Network
The deliverable is a working business network with verified outcomes, not a whitepaper diagram.
Phase 1 runs from M0 to M12. The Web3 Capital Network (WCN) signs its first Founding Partners, registers nodes, and closes the first Proof of Business (PoB). The aim is a working business network, not a finished protocol.
WindowM0–M12
Focus100 Founding Partners, node registration, the first PoB
Exit criteria30+ Founding nodes and 5+ PoB records
What Phase 1 builds
Phase 1 establishes the supply side and the first verified outcomes. It signs Founding Partners, registers them as nodes, and runs a deal end to end until a PoB record exists. It does not introduce a Token, and it does not build broad onchain settlement.
The first 100 Founding PartnersWCN opens 100 Founding Partner seats, each a permanent governance seat. These partners supply the initial deal flow, capital, and execution capacity that seed the network.
Node registrationEach partner registers as a Verification Node with a defined role, scope, and responsibility. A node is an accountable unit that routes resources and carries risk, not an ordinary account.
The first Proof of BusinessThe network closes a real deal and records it as a PoB. PoB is evidence of a business outcome — verifiable, traceable, and reviewed — not a participation score.
The three ledgers in useEach outcome is recorded across the Project, Capital, and Proof ledgers. Reconciliation across the three produces a Verification Node anchor that a third party can audit.
Exit criteria
Phase 1 exits when both conditions hold. They are thresholds, not forecasts.
Criterion
Threshold
Why it matters
Founding nodes
30+ registered and active
Confirms the supply side is real, not a single launch event
PoB records
5+ closed and verified
Confirms the loop produces verifiable outcomes, not just introductions
The targets above gate the move to Phase 2. They confirm two things a reader can check: that nodes participate continuously, and that the network produces verified PoB records rather than described results.
What Phase 1 does not do
No TokenThe Token is a Phase 3 coordination tool, considered only after cross-jurisdiction compliance. Phase 1 carries no token narrative and makes no offering.
No broad onchain settlementSettlement and onchain anchoring belong to Phase 3. Phase 1 records outcomes offchain across the three ledgers and keeps the technical surface small.
No US Person accessDuring Phases 1 and 2, the network is closed to US Persons, including US citizens, US residents, and US entities under Reg D. This boundary restricts participation; it does not evade the law.
No promised returnsNode rights are designed as functional partner agreements bound to responsibility, not as a promise of secondary-market gain. Legal classification rests with external counsel per jurisdiction.
Why business first
A project that launches a chain, a Token, and a full platform in the same quarter cannot tell whether a failure came from the product, the compliance work, or the infrastructure. Phase 1 narrows that surface.
When the network closes its first deals and records them as PoB, a failure is diagnosable: it sits in node supply, in deal execution, or in the evidence. The Token and onchain settlement stay out of the Phase 1 scope.
By the end of Phase 1, an outside reviewer can answer three questions with evidence: who was in the network, what they closed, and which outcomes the ledgers verified.
