Plain-English explanations for co-founding teams. Cryptographic proofs, EVM storage layouts, and contract invariants for developers, legal counsel, and auditors.
GhostCap contracts are written in modern Solidity 0.8.24 and deployed on Base (an Ethereum Layer 2 network). Each company gets a lightweight, ultra-secure digital twin that inherits shared protocol upgrades instantly while keeping its cap table, ownership, and voting records completely private and isolated.
Your equity is represented as a formal ERC-20 token, but unlike speculative crypto tokens, startup shares are whole numbers (you cannot own 0.0001 shares) and cannot be traded on public exchanges. Transfers are locked by default and require unanimous founder consent or specific multisig approval.
Vesting ticks forward on the blockchain every single day according to your agreed terms (e.g. 1-year cliff, 4-year linear). If a co-founder leaves early, they keep whatever shares have already legitimately vested, while unvested shares are automatically revoked and returned to the company pool—eliminating oral ambiguity and dispute risks.
GhostCap operates on a two-tier governance model. Day-to-day discussions and votes happen off-chain with free, gasless cryptographic signatures. Once founders reach the required consensus (e.g. 2 out of 3 approvals), the decision is submitted to the blockchain contract where multiple founder keys confirm and execute the transaction.
No individual person—not even the founder who created the company—can directly mint shares, change owners, or withdraw company assets. Critical administrative functions can only be executed by the contract itself through a confirmed multisig vote.
Founders sign up using standard email or social login. Behind the scenes, GhostCap provisions a secure embedded wallet and sponsors all blockchain network gas fees through a certified Paymaster. You never need to purchase cryptocurrency, bridge tokens, or install browser extensions.
They operate together at complementary layers. Legacy ERC-4337 required deploying a separate smart contract wallet for each user, creating two confusing addresses (an EOA and a smart contract). GhostCap adopts EIP-7702 account delegation so your single Privy wallet address temporarily acquires smart contract capabilities, while leveraging ERC-4337 EntryPoint v0.8 and Pimlico for gas sponsorship and bundler relaying.
GhostCap runs an active security firewall webhook between the bundler and paymaster. Every sponsored request is inspected in real time: we verify cryptographic HMAC headers, restrict payload sizes, ensure the action is an authorized company operation, and verify the caller is a genuine co-founder.
GhostCap establishes an immutable, cryptographically timestamped record of your agreed equity splits, voting thresholds, and vesting terms. While on-chain governance operates prior to formal incorporation and does not replace statutory corporate filings or formal legal advice, it provides unambiguous proof of mutual consensus and commercial intent. In the event of a co-founder dispute, this provides strong evidentiary backing for private arbitration or mediation (e.g. under standard arbitration frameworks), and hands off cleanly to your company secretary when incorporating a formal Sdn Bhd or Delaware C-Corp.
Create your Ghost Company in under 10 minutes. Fully legally binding from day one, backed by permanent on-chain vesting.