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

Bitcoin Held:	loading...
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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

Enroll, get your hardware wallet, and start stacking.

Step 1: Enroll

Go to the Members page and complete enrollment. You'll:

Read and accept the trust agreement (your acceptance is permanently recorded on the Bitcoin blockchain).
Submit a BitBox02 invoice — the fund buys your hardware wallet.
Once your BitBox02 arrives, set it up and submit your distribution address.

After enrollment, the administrator assigns you a deposit address from the fund's Liana wallet. This is your personal address for contributions — every sat you send is tracked on-chain and attributed to you.

Step 2: Buy Bitcoin

You need an app to buy Bitcoin with 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. Recurring buys are instant and free.
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.

Why Cash App: When you set up a recurring Bitcoin buy ("Auto Invest"), Cash App charges zero fees. $20/week means $20 of Bitcoin — not $19.60 after fees. It's instant. Strike and River are great too, but Cash App's fee-free recurring buy is hard to beat.

What is DCA?

Dollar-cost averaging — buying a fixed dollar amount of Bitcoin on a regular schedule, no matter the price.

Price is high → your $20 buys less Bitcoin.
Price is low → your $20 buys more Bitcoin.
Over time, this averages out to a good price. No guessing, no stress.

Set it up once, forget it. This is the single best strategy for building long-term Bitcoin wealth.

Step 3: Send to Your Deposit Address

Once you've bought Bitcoin, send it to your assigned deposit address. You can find your address on the Members page after enrollment.

How to send (same steps on any app):

Open the app and go to your Bitcoin balance.
Tap "Send" or "Withdraw."
Paste your deposit address (from the Members page — tap to copy).
Enter the amount you want to send.
Double-check the address starts with bc1 — if it doesn't, stop and ask.
Hit Send. Arrives in 10-30 minutes.

You don't need to buy a whole Bitcoin. 1 Bitcoin = 100,000,000 satoshis (sats). $20 buys a fraction — that's normal. Think of it like buying $20 worth of gold.

Fund wallet primary address (for reference/verification):

bc1qwmvmsugrdjzh4u74yrc23ydjpuqmv3g7kdknk4

(tap to copy)

Step 4: You're In

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

How often should I contribute?
However often you want. $5/week, $20/month — the point is consistency, not the amount. Small amounts compound over years and decades.

What else can I do?

Wallet — send and receive Bitcoin. Connect your BitBox02 for hardware signing.
Shop — spend Bitcoin at 30+ retailers. Prepaid Visa, Amazon, Uber, Nike — no bank needed.
Vote — vote on fund decisions. Distribution percentages, Vault/Fund split, keyholder positions.

Quick Summary

1. Enroll — accept agreement, get your BitBox02
2. Buy Bitcoin on Cash App (set up Auto Invest)
3. Send to your deposit address (from Members page)
4. Your contributions are tracked on-chain forever

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)
Spending Keys	Multisig — scales with membership (see below)	Multisig — scales with membership (see below)
Recovery Keys	2-of-3 family members (timelock activated)	2-of-3 family members (timelock activated)
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: 90% stays in Fund, 10% to Vault).

  Contributions
       |
       v
   THE FUND (accumulation)
       |
       ├── 10% ──> THE VAULT (inheritance, never sell)
       |
       └── 90% ──> 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.

Progressive Multisig

The wallet security scales with the number of members. No single person ever has sole control of the funds — not even the site administrator. The administrator manages the website, processes enrollments, and refreshes timelocks, but cannot move money alone (except during the initial 1-member phase).

Members	Spending Path	Recovery Path	What Changes
1	1-of-1	—	Founder phase. Single signer until the second member joins.
2	2-of-2	Either key after 12 months	Both members must agree to move funds. Neither can act alone.
3+	2-of-3 (voted)	2-of-3 recovery keys, 12 month timelock	Family votes on who holds the 3 spending keys.
5+	3-of-5 (voted)	2-of-3 recovery keys, 12 month timelock	Majority required. Family votes on all key positions.

Every time a member joins or a keyholder changes, the wallet is rotated — new Liana configuration, all keyholders sign with their BitBox02s, funds move to the new wallet. The old configuration becomes useless.

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

The refresh: The keyholders send each wallet's Bitcoin back to itself periodically. This resets the countdown. As long as the keyholders are active, the recovery keys stay locked.

Why this works:

No single person controls the money. Every transaction requires multiple signatures. The site admin manages operations, not funds.
If all primary keyholders are incapacitated or disappear, the family doesn't need a court order. They wait for the timelock, then Bitcoin's protocol grants the recovery keyholders access.
The timelock is enforced by Bitcoin's consensus rules (OP_CHECKSEQUENCEVERIFY) — no company, no app, no third party can override it.
Recovery keys are a separate 2-of-3 multisig — no single recovery keyholder can act alone either.

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
       10% 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.

Enroll Now →

Accept the agreement on-site. Your acceptance is recorded permanently on the Bitcoin blockchain.

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. No one person controls the money. Funds require multiple signatures to move. If all spending keyholders are lost, timelock recovery activates automatically. No courts, no lawyers, no third parties.
Admin ≠ control. The site administrator manages operations (enrollments, refreshes, the website) but cannot move funds without the required co-signers.
Succession. If all spending keyholders become incapacitated, the recovery keyholders wait for the timelock to expire, then move the funds to a new wallet under new management.
Annual refresh. The spending keyholders refresh 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 and vote on the distribution percentage (10-20% of growth), the Vault/Fund contribution split, and keyholder positions. Votes are cast on-site with deadlines and majority rules.

Keyholders

Role	Key Type	Access
Site Administrator	No financial keys	Manages website, enrollments, timelock refreshes. Cannot move funds alone.
Spending Keyholders (elected by members)	Primary multisig keys	Can spend with required co-signers (2-of-2, 2-of-3, or 3-of-5 depending on membership size)
Recovery Keyholders (separate from spending)	Recovery keys (2-of-3)	Activates after ~12 months of inactivity — dead man's switch

The site administrator and spending keyholders may overlap — the administrator can also hold a spending key — but the administrator role alone grants zero access to funds. It's an operational role, not a financial one.

Spending keyholders are elected by the family via the voting page. When membership grows past the current threshold, a vote is held to determine the new key configuration.

Every keyholder receives a BitBox02 Bitcoin-only hardware wallet (paid for by the fund) 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 site administrator is a steward, not a dictator. They manage the website, process enrollments, coordinate wallet rotations, and perform the annual timelock refresh — but they have no sole access to funds. Moving Bitcoin always requires the elected spending keyholders to co-sign. The administrator can be replaced by a majority vote at any time.

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.

Bitcoin Wallet →
Self-custody Bitcoin wallet. Send, receive, BitBox02 hardware signing.

Shop →
Spend Bitcoin anywhere. Prepaid Visa, gift cards, 30+ brands. No bank needed.

Vote →
Vote on fund decisions. Distribution percentages, splits, keyholder positions.

Enroll →
Join the fund. Accept the agreement, get your BitBox02, start contributing.

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. 10% of contributions sweep to the Vault, 90% 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