# PLAIS Token Distribution, Circulation, Lockup, And Vesting Policy

Version 0.2 — 2026-08-01

Status: adopted candidate policy for modeling, disclosure preparation, and technical enforcement. It does not approve public issuance, TGE, sale, exchange listing, external transfer, or point conversion.

## Fixed Supply Boundary

- Canonical asset: PLAIS Coin (`PLAIS`)
- Decimals: 18
- Canonical genesis supply: 10,000,000,000 PLAIS
- Additional minting: prohibited under this policy
- Current public circulation: 0 PLAIS
- Current external transfers: locked
- Private-sale allocation: 0 PLAIS
- Maximum TGE-unlocked amount if launch is separately approved: 800,000,000 PLAIS (8.00%)

The 10 billion genesis balance is a candidate-network bootstrap balance. No part of it becomes circulating merely because it exists in genesis or an issuer-controlled wallet.

## Allocation

| Category | Allocation | Share | TGE maximum | Cliff | Linear vesting |
|---|---:|---:|---:|---:|---:|
| Ecosystem and user rewards | 3,200,000,000 | 32% | 50,000,000 | 0 months | 120 months |
| Node, storage, and validator rewards | 2,000,000,000 | 20% | 25,000,000 | 0 months | 120 months |
| Foundation treasury | 1,500,000,000 | 15% | 25,000,000 | 12 months | 60 months |
| Core team and contributors | 1,200,000,000 | 12% | 0 | 12 months | 36 months |
| Ecosystem partners and grants | 800,000,000 | 8% | 50,000,000 | 6 months | 48 months |
| Market and liquidity infrastructure | 600,000,000 | 6% | 450,000,000 | 0 months | 24 months |
| Community launch and eligibility | 500,000,000 | 5% | 200,000,000 | 0 months | 24 months |
| Security and insurance reserve | 200,000,000 | 2% | 0 | 24 months | 36 months |
| **Total** | **10,000,000,000** | **100%** | **800,000,000** | — | — |

The TGE column is a maximum unlock ceiling, not a promise to distribute that amount. Actual circulation must equal observable on-chain movement and must never exceed the applicable unlocked ceiling.

## Allocation Rationale

Service/user and node/storage/validator incentives receive 52% in total because useful ecosystem activity and infrastructure are the stated purpose of PoSS. Team allocation is limited to 12%, has no TGE unlock, and is tied to long-term contribution. Foundation and security reserves total 17% and are subject to delayed access and purpose restrictions. No private-sale allocation avoids an undisclosed preferential price or early-investor overhang. The 8% TGE ceiling provides a disclosed maximum for community and market operation while keeping 92% subject to longer schedules.

## Category Rules

### Ecosystem And User Rewards

This pool funds approved PoSS activity across services, content, commerce, moderation, and ecosystem participation. The remaining balance after the 50 million TGE ceiling unlocks monthly over 120 months. Rewards require published eligibility, fraud controls, per-user and category caps, and an auditable policy version. Unclaimed or rejected rewards remain non-circulating.

### Node, Storage, And Validator Rewards

This pool funds verified capacity, retention, restore, uptime, node participation, and validator operation. The remaining balance after the 25 million TGE ceiling unlocks monthly over 120 months. A storage client does not earn validator rewards merely by installation, and collateral does not guarantee a reward.

### Foundation Treasury

Only 25 million PLAIS may be unlocked at TGE for documented launch operations. The remainder has a 12-month cliff and then unlocks monthly over 60 months. Treasury use requires a budget, destination, purpose, approving identities, transaction reference, and subsequent public report. Treasury assets may not be treated as unrestricted management compensation.

### Core Team And Contributors

No team tokens unlock at TGE. The entire allocation has a 12-month cliff and then unlocks monthly over 36 months. Every grant must be covered by a written service or contribution agreement with departure, misconduct, unearned allocation, and clawback terms. Unassigned team allocation remains locked and cannot be moved to another category without the policy-change procedure.

### Ecosystem Partners And Grants

Up to 50 million PLAIS may be unlocked at TGE only for published integrations or grant programs. The remainder has a 6-month cliff and then unlocks monthly over 48 months. Recipient, purpose, amount, milestone, vesting, and conflict-of-interest review must be disclosed, except legally protected personal information.

### Market And Liquidity Infrastructure

Up to 450 million PLAIS may be unlocked at TGE for disclosed exchange deposit, liquidity, and market-making arrangements. The remaining 150 million unlocks monthly over 24 months. Tokens transferred or loaned to a market maker, exchange, broker, or liquidity pool are counted as circulating even if a contract describes them as returnable. Agreements must prohibit wash trading, guaranteed price, undisclosed proprietary sale, and use outside stated venues and limits.

### Community Launch And Eligibility

Up to 200 million PLAIS may be unlocked at TGE. The remaining 300 million unlocks monthly over 24 months. Legacy points, testnet balances, reward history, node participation, and prior activity do not automatically create a claim. Any eligibility program requires a separately published snapshot date, eligible and excluded activity, Sybil rules, per-person cap, claim period, jurisdiction restrictions, appeal process, and unclaimed-token treatment.

### Security And Insurance Reserve

This allocation has a 24-month cliff and then unlocks monthly over 36 months. It is restricted to audited emergency remediation or approved user-protection measures. It is not a promise of insurance, reimbursement, or guaranteed recovery and cannot fund routine operations, marketing, price support, or team compensation.

## Maximum Unlock Schedule

The following checkpoints are deterministic ceilings calculated by `scripts/token-distribution-self-test.js`. Rounding dust remains locked until the final month of each category.

| Month from TGE | Maximum unlocked | Maximum share |
|---:|---:|---:|
| 0 | 800,000,000 | 8.00% |
| 6 | 1,168,750,000 | 11.6875% |
| 12 | 1,631,250,000 | 16.3125% |
| 24 | 3,251,250,000 | 32.5125% |
| 36 | 4,712,916,666 | 47.1291% |
| 48 | 6,174,583,333 | 61.7458% |
| 60 | 7,142,500,000 | 71.4250% |
| 72 | 7,950,000,000 | 79.5000% |
| 120 | 10,000,000,000 | 100.00% |

Unlocking permits a transfer under the relevant category policy; it does not itself prove circulation. Release may be delayed but must not be accelerated through administrative discretion.

## Circulating Supply Definition

Circulating supply is the non-duplicated amount that has left enforceably locked or issuer-controlled allocation wallets and is transferable by users or counterparties.

Count as circulating:

- tokens claimed or paid to users, employees, validators, nodes, grantees, or partners;
- tokens deposited with an exchange, broker, custodian, or market maker;
- tokens supplied to a liquidity pool;
- transferable market-making loans, whether or not returnable; and
- unlocked tokens moved to a wallet outside issuer control.

Do not count as circulating:

- unvested or unclaimed allocation balances;
- tokens held in enforceably locked allocation wallets;
- canonical tokens locked one-for-one behind a wrapped representation, when the representation is counted instead;
- provably burned tokens; or
- testnet tokens, legacy points, and simulation rewards.

Moving tokens between issuer-controlled wallets does not create circulation but must still be disclosed and reconciled.

## Wallet Segregation And Custody

Each allocation category must use a separately labeled public address. Commingling categories is prohibited. Before TGE, the project must publish the address, role, balance, lock contract or custody control, signer policy, and Explorer link for every allocation wallet.

Until audited on-chain vesting is deployed, these allocations remain unavailable for public launch. The production design must use audited timelock or vesting contracts where practical and multi-person custody with at least 3-of-5 approval for treasury, team, partner, and reserve wallets. Liquidity operations may use a separately capped operational wallet, but replenishment requires treasury-level approval. Signers must use approved hardware-backed or remote-signing custody; a web server key is not permitted.

## Disclosure And Reconciliation

The project must publish a monthly distribution report even when no tokens move. The report must include:

- beginning and ending balance for every allocation wallet;
- scheduled ceiling, newly unlocked amount, actual transfer, and remaining locked amount;
- transaction hashes and destination category;
- actual circulating supply and calculation method;
- market-maker, exchange, bridge, staking, and liquidity balances;
- burns, returns, clawbacks, freezes, and exceptional movements;
- material changes to recipients, contracts, custody, or policy; and
- an attestation that total category balances plus distributed and burned amounts reconcile to genesis supply.

Planned unlocks must be announced before transfer. Material discrepancies must be disclosed immediately, transfers from the affected category must stop, and corrected figures and cause analysis must follow.

## Change Control

No routine administrator action may increase total supply, accelerate an unlock, move locked amounts between categories, or classify an issuer-controlled balance as circulating.

A policy change requires technical, security, finance/accounting, and legal review; governing-body approval; exchange notification where applicable; a new version and machine-readable schedule; on-chain and custody migration steps; and at least 60 days' public notice before an economic effect. Delaying an unlock for safety does not require acceleration elsewhere. Emergency controls may freeze movement but may not increase or accelerate distribution.

## Launch Preconditions

The distribution policy remains inactive until all of the following are complete:

- legal and tax opinion for issuance, rewards, grants, and community eligibility;
- final issuer identity, governance authority, and signer appointments;
- audited vesting or timelock implementation;
- published allocation wallet addresses and custody attestations;
- independent reconciliation of genesis and the distribution schedule;
- exchange-compatible circulation reporting procedure;
- approved market-making and liquidity agreements;
- published community eligibility and point-separation policy; and
- explicit public-issuance and external-transfer approval.

Until then, current public circulation remains zero and no schedule date has begun.

## External Review Basis

This policy is structured to make initial issuance, distribution, circulation, and material changes reviewable. DAXA identifies undisclosed initial issuance or distribution rates, undisclosed material changes, unexplained administrator transfers, and unavailable transaction information as risk factors. Individual exchanges apply additional standards.

- DAXA Best Practices for Listing Virtual Assets: `https://www.kdaxa.org/support/regulation.php?boardid=regulation&idx=240&mode=view`
- Upbit Digital Asset Market Support Policy: `https://static.upbit.com/guide/market_policy_open.pdf`
