My Involvement in Cryptoassets

A Commitment to Fair and Transparent Markets

Over the years, crypto markets have evolved rapidly, but one issue has remained persistent—information asymmetry. Traders operate on variable information, and in a space as volatile as crypto, access to privileged or asymmetric information can create an unfair advantage.

As someone actively involved in building within this ecosystem, I recognize that I often come across information that, if traded upon, could be considered insider information. This is a serious issue—one that undermines the credibility of our markets and creates unfair advantages for a select few. That’s why I am committing to a set of personal and professional policies that will ensure transparency in my crypto-related activities.

My Policy on Information Asymmetry

To minimize any potential conflicts of interest and prevent information asymmetry in my involvement with cryptoassets, I will be adhering to the following principles:

1. No Trading on Insider Information

I will never trade on insider information. This includes:

• Any knowledge I have about upcoming token launches.

• Any privileged details about projects I am involved in.

• Any private market-moving information that has not yet been made public.

Before I place a trade on any token, I will open-source all relevant information I have regarding that token. This will be done publicly on X (either my personal account, Thrive’s X, or token projects I’m involved with).

2. No Private Market Discussions or Forums

I will not engage in private forums where tokens or inside deals are discussed. My interactions will remain public and transparent, primarily through Twitter. If I leave private forums where such discussions take place, it is to uphold this principle.

Furthermore, I will not link public information in private forums as a way of distributing information asymmetrically. Information should remain either fully public or fully private until its public release.

3. Cutting Ties with Those Who Violate This Policy

If I share private information with collaborators (such as software developers working on our ecosystem), and I discover that someone has used that information for manipulative trading or insider trading, I will immediately cut ties with them. I will not work with individuals who engage in unethical trading practices.

4. Fair and Transparent Token Launches

Any tokens I launch will be handled in a way that is as fair and transparent as possible.

• Token details will be released publicly before any trading occurs.

• There will be no hidden or private pre-announcements.

• The goal will be to prevent unfair early access or asymmetric knowledge from benefiting any particular group.

Additionally, I will work towards strategies to handle sniper bots that monitor and index relevant blockchains in a way that does not obfuscate the token launch process while still ensuring fairness for all participants.

5. Publicly Updating My Legal Disclaimers

To reinforce this commitment, I will be updating the legal disclaimers on my personal company website to reflect these principles. These disclaimers will make it clear how I engage with cryptoassets, ensuring transparency in my activities.

This also accounts for fluid changing plans (as all crypto projects have). All OSS is provided as-is, without warranty, and the beauty is that it’s all on Github.

Why This Matters

The crypto industry is still maturing, and for it to gain long-term legitimacy, trust and fairness must be prioritized. By reducing information asymmetry and promoting open access to critical market-moving information, we can create safer, more equitable markets.

I encourage others in the space to adopt similar policies. The more we collectively commit to transparency, fairness, and ethical behavior, the more robust and trustworthy the crypto ecosystem will become.

There are still a lot of unknown unknowns here, but this is my first-pass best effort attempt at doing this right

This is my personal commitment, and I will hold myself accountable to it.

— Carl

Some Hypothetical Situations

1. I like a funny coin on twitter and want to buy it

   1. Tweet: Wow I think this is really funny but have no relation, I’m going to buy 1 SOL worth

2. Community members ask what is launching when

   1. IDK ¯\_(ツ)_/¯

   2. Truth here is I can’t say a lot about roadmap anymore, we’ll just roll stuff out as it’s ready, and it’ll all be on github, plans may change, that’s the nature of developing software

3. I want to launch a coin

   1. Talk about it publically with no insider access and live stream the launch process

   2. I may do a lot or a little of this, depending on how our thinking on the platform evolves

4. Teams send me their tokens in airdrops

   1. I’ll send them to charity addresses

5. I receive an airdrop

   1. I’ll either sell it or tweet about why I’m holding