POLYNICE LEGACY FUND

Building Generational Wealth — One Day at a Time

A family Bitcoin trust designed to build wealth and never run out.

Every dollar contributed is converted to Bitcoin and held in two wallets:
The Vault — permanent generational wealth, never sells.
The Fund — the stacking engine, compounds and pays annual profits to participants.

The Fund

Accumulation wallet — live from the Bitcoin blockchain

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Fund balance is pulled directly from the Bitcoin blockchain.
No one can edit or fake this number — it is cryptographically verified.
Verify Fund wallet on mempool.space

Milestones

Contribution Tracker

Every member's contributions, verified on-chain. Updated live.

Member	Deposit Address	Total Contributed	Share %	Verify
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Balances pulled directly from the Bitcoin blockchain via Blockstream API. Numbers can't be faked — click "verify" to check any address yourself.

Transaction History

Every transaction, verified on the blockchain

Date	Type	Amount (BTC)	Verify
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Growth Calculator

See what consistent contributions could become

I contribute:	$
For:	years
BTC annual growth:	%	Historical ~50%, conservative est. 30%

Uses compound annual growth rate (CAGR) to estimate future BTC price. Each contribution buys BTC at the price when it's made, not all at today's price.
This is an illustration, not a guarantee or investment advice.

How to Contribute

You buy the Bitcoin yourself, then send it to the trust wallet. Here's how.

Step 1: Buy Bitcoin

You need an app on your phone to buy Bitcoin with your dollars. All three of these are Bitcoin-only — no altcoins, no confusion:

App	Buy Fees	Auto-Buy (DCA)	Notes
Cash App ← our pick	Free on recurring buys	Daily, weekly, or every 2 weeks — fee-free	You probably already have it. Bitcoin-only. Recurring buys are instant and free. Our top recommendation.
Strike	~0.1%	Daily, weekly, or monthly	Very low fees. Bitcoin-only. Great option if you don't use Cash App.
River	~0.5-1%	Daily, weekly, or monthly	Bitcoin-only company. Clean, simple app. Slightly higher fees.

Why we recommend Cash App: When you set up a recurring Bitcoin buy (called "auto-invest" in the app), Cash App charges zero fees. No spread, no commission. $20/week means $20 of Bitcoin — not $19.60 after fees. It's also instant — you get Bitcoin immediately, no waiting. Strike and River are great too, but Cash App's fee-free recurring buy is hard to beat.

What is DCA?

DCA stands for "dollar-cost averaging." It means buying a fixed dollar amount of Bitcoin on a regular schedule — like $20 every Friday — no matter what the price is that day.

Why this works:

When the price is high, your $20 buys less Bitcoin.
When the price is low, your $20 buys more Bitcoin.
Over time, this averages out to a good price — you don't need to guess when to buy.
You don't have to think about it. Set it and forget it.

DCA removes the stress of timing the market. You just set up auto-buy once, and it runs by itself. This is the single best strategy for building long-term Bitcoin wealth — and it's exactly how this trust is designed to grow.

How to Set It Up

Download Cash App on your phone (App Store or Google Play). If you already have it, skip to step 4.
Create an account. You'll need your name, email, and phone number. They'll ask you to verify your identity (driver's license or ID) — this is required by law.
Link your bank account or debit card. This is how you'll pay for the Bitcoin.
Tap the Bitcoin tab (the ₿ icon at the bottom of the app).
Tap "Auto Invest" — set your amount ($5, $10, $20, whatever works for you) and frequency (daily, weekly, or every 2 weeks).
Confirm. That's it. Cash App will automatically buy Bitcoin for you on schedule, with no fees.

You don't need to buy a whole Bitcoin. 1 Bitcoin = 100,000,000 satoshis (sats). If you spend $20, you get a small fraction of a Bitcoin. That's totally normal. Think of it like buying $20 worth of gold — you don't need a whole gold bar.

Step 2: Send It to the Trust Wallet

Once you've bought Bitcoin, you send it to the trust's wallet address. This is like transferring money to someone's bank account — except it goes directly to the family trust on the blockchain.

How to send (same steps on any app):

Open the app and go to your Bitcoin balance.
Tap "Send" or "Withdraw."
It will ask for a Bitcoin address. You can either:
- Scan the QR code below with your phone camera (easiest), or
- Copy and paste the address below (tap to copy).
Enter the amount you want to send (you can send all of it or part of it).
Double-check the address starts with bc1q — if it doesn't, something is wrong. Stop and ask a keyholder.
Hit Send. Done. It will arrive in the trust wallet within about 10-30 minutes.

Each member has their own unique deposit address. When you sign up, the administrator generates one for you from the Fund wallet. This is how we track who contributed what — every sat is attributed to you on-chain.

Send Bitcoin to your assigned deposit address. If you don't have one yet, contact a keyholder to get set up.

Below is the Fund wallet's primary address (for reference/verification):

bc1qwmvmsugrdjzh4u74yrc23ydjpuqmv3g7kdknk4

(tap to copy)

Step 3: That's It. You're Contributing.

Once the Bitcoin arrives at your deposit address, it shows up on this website automatically in the Contribution Tracker. Your share is calculated live from the blockchain — transparent, permanent, and verifiable.

How often should I contribute?
However often you want. Set up a recurring buy in your app — $5/week, $20/month, whatever works for your budget. The point is consistency, not the amount. Small amounts add up over years and decades.

What if I need help?
Text or call any keyholder. They'll walk you through it step by step. There's no dumb question — everyone started somewhere.

Quick Summary

1. Download Cash App
2. Set up Auto Invest (fee-free recurring Bitcoin buy)
3. Get your deposit address from the administrator
4. Send Bitcoin to your address — your contributions are tracked on-chain

Trust Structure

Two wallets, two missions, one family

The trust operates two separate Bitcoin wallets. Each has its own address, its own keys, and its own rules. If one is ever compromised, the other is unaffected.

	The Vault (Inheritance)	The Fund (Accumulation)
Mission	Permanent generational wealth. Never sells. Exists for your kids' kids.	The stacking engine. Where contributions land. Where wealth is actively built.
Timelock	~12 months (52,560 blocks)	~6 months (26,280 blocks)
Primary Key	Trust administrator	Trust administrator
Recovery Keys	2-of-3 family members	2-of-3 family members
Distributions	Descendants only — education, first home, medical emergency. Never for lifestyle.	Annual profit share to active participants (see Distribution Rules below)
Wallet Software	Liana (open-source, timelock-native)	Liana (open-source, timelock-native)
Hardware	BitBox02 Bitcoin-only	BitBox02 Bitcoin-only

How Money Flows

Contributions go into the Fund first. Periodically, a portion is swept to the Vault for permanent storage. The family votes on the split annually (default: 70% to Vault, 30% stays in Fund).

  Contributions
       |
       v
   THE FUND (accumulation)
       |
       ├── 70% ──> THE VAULT (inheritance, never sell)
       |
       └── 30% ──> stays in Fund (compounds + annual payouts)

Ownership & Contribution Shares

Every sat you contribute is tracked. Your share of the fund = your total contributions divided by everyone's total contributions.

Member	Contributed	Share
Member A	5,000,000 sats	50%
Member B	2,000,000 sats	20%
Member C	3,000,000 sats	30%
Total	10,000,000 sats	100%

Your share determines your cut of every distribution. The people who stack hardest get the biggest cut. If you stop contributing, you keep your existing share — but others' shares grow relative to yours as they keep stacking.

Distribution Rules (The Fund)

The Fund is a money printer. You live off the gains — never the stack. Think of it like owning a building: you don't sell the building, you collect rent.

What gets distributed	Only the growth. The principal (total contributed Bitcoin) is never touched.
How much	10-20% of the year's growth, voted on annually by participants. The remaining 80-90% compounds in the Fund.
When	Once per year, at the annual meeting. No monthly payouts — one event, one calculation, clean and simple.
How it's split	Proportional to your contribution share. You put in 50% of total contributions, you get 50% of the distribution.
Down year rule	If Bitcoin is flat or down that year — no distribution. Nothing leaves the Fund. No exceptions.
High water mark	Growth is measured from the Fund's all-time high USD value, not just year-over-year. If the Fund was $2M, dropped to $1.5M, then recovered to $1.8M — that's still $200K below the high water mark. No distribution until it makes a new high. This prevents paying out during a dead cat bounce.
Distribution cap	Maximum 20% of growth. Even in a massive bull year, at least 80% of gains stay in the Fund.
Minimum fund size	No distributions until the Fund reaches a minimum threshold (e.g., $500K or 5 BTC — whichever comes first). Below that, 100% compounds. Stack first, distribute later.
Distributed in	USD. Only the exact dollar amount is sold. The rest stays as Bitcoin.

Distribution Rules (The Vault)

The Vault does not do annual payouts. It exists for generational wealth. Vault distributions are rare and restricted:

Education expenses — tuition, required fees, books for a descendant of an active participant.
First home purchase — down payment assistance for a descendant.
Medical emergency — life-threatening situations only.
Any Vault distribution requires a majority vote of active participants.
Only descendants of active, contributing participants are eligible.

How the Timelock Works

Both wallets use Liana with timelock recovery. Two spending paths are enforced by Bitcoin's own code — not by any company or app:

Primary path: The trust administrator can move funds at any time using the primary key. This is how the trust operates day-to-day.
Recovery path: If the primary key is not used for the timelock period (6 months for the Fund, 12 months for the Vault), the family recovery keys automatically activate. This is a dead man's switch built directly into Bitcoin.

The refresh: The administrator sends each wallet's Bitcoin back to itself periodically. This resets the countdown. It's a single transaction that takes 30 seconds. As long as the administrator is active, the recovery keys stay locked.

Why this is better than a standard multisig:

Day-to-day, only one key is needed — no coordinating 3 people for every transaction.
If the administrator is incapacitated, dies, or disappears, the family doesn't need to go to court or break into anything. They wait for the timelock, then Bitcoin's protocol itself grants them access.
The timelock is enforced by Bitcoin's consensus rules (OP_CHECKSEQUENCEVERIFY) — no company, no app, no third party can override it or change the rules.
The recovery keys are a 2-of-3 family multisig — no single recovery keyholder can act alone.

What the Flywheel Looks Like

  Contributions come in
       |
       v
  Fund grows ──> Bitcoin appreciates
       |
       v
  Growth exceeds high water mark?
       |
  YES: 10-20% of gains distributed to participants by share
       80-90% compounds in the Fund
       70% of new contributions sweep to Vault
       |
       v
  Fund gets bigger ──> Growth gets bigger
       |
       v
  Distributions get bigger ──> Repeat forever

  NO (down year): Nothing leaves. 100% compounds. Stack harder.

The stack never shrinks because you only ever skim a fraction of the upside. In down years, nothing leaves. Over decades, the compounding dominates and the distributions become life-changing — while the fund itself keeps getting bigger.

Participation

This trust is not automatic. You must opt in, sign the Participation Agreement, and contribute to be a member. Only members' descendants are eligible for future distributions. No contributions = no benefits for your line.

Sign the agreement. Every participant must sign the Polynice Legacy Fund Participation Agreement. This is a binding commitment to the trust and its rules.
Contribute. There is no minimum amount, but you must contribute consistently. $5/week, $20/month — whatever works. The point is showing up, not the amount.
No free rides. If you don't participate, your children and their children are not beneficiaries of this trust. The fund grows for the families who build it.
Opt in anytime. The door is always open. If you decide to join later, sign the agreement and start contributing. Your line becomes eligible from that point forward.
Opting out. If you stop contributing for 12 consecutive months without notice, you are considered inactive. Inactive members' lines are not eligible for distributions until they resume.

Download Participation Agreement →

Print it, sign it, and return it to a keyholder to become a member.

Trust Rules

Buy and hold. All contributions are converted to Bitcoin. The default is hold. Bitcoin stays as Bitcoin.
Never touch the principal. Distributions come from growth only — never from the base stack. The number of sats in the trust should only go up.
Down year = no payout. If Bitcoin is flat or down, nothing gets distributed from the Fund. No exceptions. Protect the stack.
High water mark. Growth is measured from the all-time high, not year-over-year. No payouts on a dead cat bounce.
The Vault is sacred. Vault Bitcoin is for generational wealth only — education, first home, medical emergency. Not for lifestyle. Not for "I need it."
No selling to fund lifestyle. No cars, no vacations, no impulse spending. That's what a job is for. The trust is for building wealth, not consuming it.
Transparency. Both wallet balances are pulled live from the Bitcoin blockchain. Every sat is accounted for and cryptographically verified — no one can fake the numbers.
No single point of failure. If the administrator is lost, the Bitcoin is not lost. Timelock-activated recovery keys give the family access. No courts, no lawyers, no third parties.
Succession. If the administrator dies or becomes incapacitated, the recovery keyholders wait for the timelock to expire, then move the funds to a new wallet under new management.
Annual refresh. The administrator refreshes both wallets' timelocks at least once a year. This resets the countdown and keeps the recovery path locked.
Annual meeting. Once a year, participants meet to review fund performance, vote on the distribution percentage (10-20% of growth), vote on the Vault/Fund contribution split, and review keyholder positions.

Keyholders

Role	Key Type	Access
Trust Administrator	Primary key	Can spend anytime — manages the wallet day-to-day
Recovery Keyholder 1	Recovery key	Activates after ~12 months of inactivity
Recovery Keyholder 2	Recovery key	Activates after ~12 months of inactivity
Recovery Keyholder 3	Recovery key	Activates after ~12 months of inactivity

The recovery path requires 2-of-3 recovery keyholders to agree — no single recovery keyholder can move funds alone. Recovery keys only become active after the ~12-month timelock expires (i.e., the administrator has not refreshed the wallet).

Each keyholder receives a BitBox02 Bitcoin-only device and a sealed recovery packet containing their seed phrase, written instructions, and the Liana wallet descriptor file. Recovery packets are stored separately from devices — never in the same location.

Governance

How keyholders are chosen, reviewed, and replaced

Who Can Hold a Key?

Keyholders are trusted family members who meet all of the following:

Active participant. Must be a signed, contributing member of the trust.
Technically capable. Must demonstrate they can operate a BitBox02 and use Liana Wallet — doesn't need to be an expert, but must complete a hands-on walkthrough.
Geographically distributed. Recovery keyholders should not all live in the same household or region. If a natural disaster, break-in, or local emergency hits one location, it shouldn't compromise multiple keys.
Trustworthy and stable. Keyholders are responsible for the family's generational wealth. This is not a ceremonial role.

How Keyholders Are Selected

Nomination. Any active participant can nominate themselves or another active participant for a keyholder role (administrator or recovery). Nominations are made at the annual family meeting or in writing to the current administrator.
Discussion. Nominees are discussed among all active participants. Any participant can raise concerns or ask questions.
Vote. All active, contributing participants get one vote per open keyholder slot. Majority wins. In a tie, the current administrator casts the deciding vote. If the administrator slot is being voted on, the longest-tenured recovery keyholder breaks the tie.
Confirmation. The selected keyholder receives their hardware device, completes a hands-on training session, generates their key, and stores their recovery packet in a separate secure location.

Annual Review

Once a year, at the annual family meeting, all keyholder positions are reviewed:

Are all keyholders still active contributors?
Are all hardware devices functional? (tested during the annual refresh)
Is geographic distribution still adequate?
Does any participant want to nominate a change?

If a keyholder no longer meets the requirements (stopped contributing, moved in with another keyholder, lost their device and won't replace it), participants vote on a replacement. The outgoing keyholder surrenders their device, and the wallet is rotated to a new configuration with the replacement's key.

Removing a Keyholder

A keyholder can be removed outside the annual review if:

They become inactive (12 months without contributing and without notice).
A majority of active participants vote for removal (with documented reason).
They voluntarily step down.

On removal, the wallet is immediately rotated — a new key is generated for the replacement and all funds are moved to the new wallet configuration. The old key becomes useless.

The Administrator Role

The administrator is not a dictator — they are a steward. They manage the wallet day-to-day and perform the annual refresh, but they serve at the will of the participants. The administrator can be replaced by a majority vote at any time. The timelock recovery ensures that even if the administrator goes rogue or disappears, the family can always recover the funds after ~12 months.

Inheritance Plan

The timelock is the inheritance plan. It's built directly into Bitcoin — no lawyers, no courts, no third parties needed.

If the administrator dies or is incapacitated: The family does nothing for ~12 months. After that, the timelock expires automatically and the recovery keys activate. 2 of the 3 recovery keyholders can then move the funds to a new wallet. This is enforced by Bitcoin's protocol — no one can speed it up or block it.
If the administrator loses their device: They recover using their sealed recovery packet (24-word seed phrase). The Bitcoin is on the blockchain, not on the device.
If a recovery keyholder loses their device: The remaining 2 recovery keyholders can still function (2-of-3 required). They should rotate to a new wallet configuration with a replacement keyholder.
Every recovery packet contains: The 24-word seed phrase, step-by-step signing instructions (written for non-technical family), the Liana wallet descriptor file, and a link to Liana Wallet (free, open-source) for recovery.

Important: The administrator must refresh the timelock at least once a year. If they don't, the recovery keys activate. Think of it as a heartbeat — as long as the administrator is active, the wallet operates normally. If the heartbeat stops, the family takes over.

Learn More

Why Bitcoin? →
What Bitcoin is, why it matters, and why we chose it for this trust.

How Self-Custody Works →
Hardware wallets, seed phrases, timelocks — how the trust protects your Bitcoin.

Annual Report Template →
Yearly trust performance report for members.

Frequently Asked Questions

Is this a real legal trust?
Yes. The Polynice Legacy Trust is a legally established irrevocable dynasty trust. Contributions are irrevocable gifts to the trust. The trust is governed by its trust document and applicable state law.

Who controls the Bitcoin?
The trust administrator holds the primary key and manages the wallet. If the administrator ever becomes inactive for ~12 months, the family's recovery keys activate automatically — enforced by Bitcoin's own code. The recovery path requires 2 of 3 family recovery keyholders to agree. No single person can lock the family out of the funds permanently.

What if the administrator loses their key?
They recover using their sealed recovery packet (24-word seed phrase on a new device). If the administrator is permanently lost, the family waits ~12 months for the timelock to expire, then the recovery keyholders take over.

Can I get my money back?
No. Contributions to the trust are irrevocable gifts. Only contribute what you're comfortable gifting to the family's future.

How do I get paid?
Once a year, if the Fund's value has grown past its all-time high, 10-20% of the growth is distributed to participants proportional to their contribution share. You put in more, you get a bigger cut. If Bitcoin was flat or down that year, no distribution — the stack is protected. The Vault never pays out — it's for generational purposes only (education, first home, medical emergency).

What's the difference between the Vault and the Fund?
The Vault is the permanent stack — it never sells, it exists for your kids' kids. The Fund is the accumulation engine — contributions land here, it compounds, and annual profits are shared with participants. 70% of contributions sweep to the Vault, 30% stays in the Fund.

What if I don't contribute?
Then your line is not covered. This trust is built by the people who show up. No contributions, no share of distributions, no benefits for your children. You can opt in anytime — just sign the agreement and start contributing.

What if Bitcoin goes to zero?
Then the trust loses its value. But we believe the asymmetric upside far outweighs the risk, especially over a multi-decade horizon. Bitcoin has outperformed every asset class over any 4+ year period in its history. At 0.2% of global wealth, Bitcoin is still early.

What if the administrator dies?
The family waits for the ~12-month timelock to expire. Then the recovery keyholders (2 of 3 required) can move the funds to a new wallet. No lawyers needed, no court orders — Bitcoin's protocol handles the transition automatically. This is the entire point of the timelock — the trust survives any individual.

"Someone is sitting in the shade today because someone planted a tree a long time ago."
— Warren Buffett

The Polynice Legacy Trust is an irrevocable dynasty trust. Contributions are irrevocable gifts.
Past performance of Bitcoin does not guarantee future results. This is not investment advice.
© 2026 The Polynice Legacy Trust