I just finished a very long meeting with the InterLink Labs and InterLink Foundation Core Team. This time, I (KV) will take full responsibility for and lead the entire KYC process, taking over from @scott_itlg. I will personally stay closely involved throughout the process and keep the community updated with all important information. Here are several key updates I want everyone to know. Please note that the full details will be announced in the next few days. For now, pay close attention to each point below: A. Transferable ITLG KYC will be extremely simple. There will be only one KYC step — Level 1 — or potentially immediate KYC approval for everyone. The most important requirement is that you must be a real person. When submitting your information, make sure everything is accurate and carefully reviewed before submission. B. The KYC portal will only remain open for ONE MONTH. After the KYC period closes, the distribution of Transferable ITLG is expected to begin approximately two weeks later. C. The Foundation is committed to giving everyone the opportunity to own Transferable ITLG. However, the amount of Transferable ITLG each person receives will depend on several contribution and activity metrics, including Mining Rate, Group, HCS, ACS, and Active Referral Rate. D. Users who successfully complete KYC may become sponsors for other users. More details about how this sponsorship mechanism works will be announced soon. E. After ITLG officially becomes transferable, the Foundation will dedicate significant resources to expanding ITLG utility and establishing its long-term core direction. Most importantly, OTC, P2P, or other unofficial market prices will not be recognized by the Foundation as an official valuation of ITLG. We have our own direction, mechanisms, and framework for determining and developing the value of ITLG. More details will be released in the next few days.

Some updates about @inter_link: A. Direction for ITLG The same ITLG token will exist in one of three states: ITLG in App (off-chain), ITLG on-chain, and vITLG. This means the total supply will always remain at 100B. These states will work similarly to how the same token operates across different blockchains. When ITLG moves from one state to another, the corresponding amount must be locked and bridged. B. Verification and ITLG Distribution For this round of ITLG distribution, priority will be given to users who have completed Level 1 verification and maintained a good mining rate, whether from individual or group mining. If your current metrics are too low, please try to improve them as soon as possible. C. Utility: ITLG should be even more active than ITL in terms of transaction volume, with a larger holder base and greater accessibility. ITLG will function as a utility token across ITLX, finance, social, and gaming features within the InterLink ecosystem. Additional utilities will also continue to be researched and developed. D. Treasury Partners and Anti-Inflation: InterLink Labs and InterLink Foundation will maintain the same direction and continue expanding our Digital Asset Treasury partners in the next phase, once ITLG officially becomes transferable. In addition, InterLink Labs will continue allocating part of its reserves to buy back and burn ITLG, similar to what we are already doing with ITL. All revenue generated from ITLX will be used to buy back and burn ITLG, similar to the model used by Hyperliquid with $HYPE. E. The vision of InterLink Labs remains firmly from a builder’s perspective. We will continue expanding the ecosystem and building as strongly as possible for both ITL and ITLG. Whether some people are uncomfortable with or disagree with this direction, there is only one vision, and we will remain consistent with it.