This Participation Agreement ("Agreement") is entered into by the undersigned ("Participant") and The Polynice Legacy Trust ("Trust"), established as an irrevocable dynasty trust for the benefit of future generations of the Polynice family.
1. Purpose
The Trust exists to accumulate and preserve Bitcoin for future generations of the Polynice family. All contributions are converted to Bitcoin and held in a timelock self-custody wallet (Liana). The Trust is designed to grow and protect wealth over decades and generations.
2. Eligibility
This Agreement is open to all members of the Polynice family. Any eligible family member may become a Participant by signing this Agreement and beginning regular contributions.
3. Participant Obligations
By signing this Agreement, the Participant agrees to the following:
Contribute consistently. There is no required minimum amount, but contributions must be regular and ongoing. Examples: $5/week, $20/month, or any consistent schedule the Participant can maintain.
All contributions are irrevocable gifts. Once contributed, funds become the property of the Trust and cannot be returned, refunded, or withdrawn by the Participant.
Abide by the Trust Rules as published on the Trust website and as may be amended by the trustees from time to time.
Notify the Trust if unable to contribute for an extended period, to avoid being classified as inactive.
4. Trust Obligations
The Trust agrees to the following:
All contributions will be converted to Bitcoin and held in the Trust's timelock self-custody wallet.
The Trust will provide transparent reporting via live blockchain verification on the Trust website.
All funds will be governed by the Liana timelock arrangement — the administrator manages day-to-day, with family recovery keys activating after ~12 months of inactivity.
The Trust will operate according to its governing trust document and applicable state law.
5. Beneficiary Status
Only the descendants of active, contributing Participants are eligible for future distributions from the Trust.
A Participant becomes inactive after 12 consecutive months without a contribution and without prior notice to the Trust.
Inactive Participants' lines (descendants) are not eligible for distributions until the Participant resumes contributions.
A Participant may reactivate at any time by resuming regular contributions.
6. Distributions
Distributions from the Trust require:
Approval by at least 3 of the 5 keyholders (trustees).
The distribution must be for one of the following permitted purposes:
Any other purpose approved by unanimous trustee vote
Only descendants of active, contributing Participants are eligible.
7. Acknowledgments
By signing this Agreement, the Participant acknowledges and understands that:
Bitcoin is volatile. Its value can fluctuate significantly in short periods. The Trust's value in U.S. dollars may decrease substantially at times.
Contributions are irrevocable. Once made, contributions cannot be returned under any circumstances.
Past performance does not guarantee future results. Bitcoin's historical performance is not a reliable indicator of future value.
This is not investment advice. The Trust and its trustees do not provide financial, tax, or investment advice. Participants should consult their own advisors.
The Trust is designed for long-term holding. Distributions are restricted to specific purposes and require trustee approval.