The rules we govern by.

Section 1

Purpose of This Structure

Purple Bitcoin is evolving from a community-led token into a long-term ecosystem with multiple revenue-generating products.

To support this evolution, we have designed a governance and treasury structure that:

• Raises capital responsibly
• Protects contributors
• Prevents extraction or capture
• Funds development and growth sustainably
• Separates governance, execution, and ownership

This document defines who controls what, who decides what, and how money flows.

Section 2

Core Principles (Non-Negotiable)

• The ecosystem is not owned by anyone
• The treasury has no private owner
• PBTC holders do not own the ecosystem
• Only contributors govern
• No profit extraction, dividends, or withdrawals
• All treasury spending must benefit the ecosystem
• Execution is separated from governance
• Governance power is earned, not bought on the market

These principles guide all decisions.

Section 3

What Exists Today

Revenue-generating products

The Purple Bitcoin ecosystem currently includes (or is finalizing):

1. Rewards
2. Travel
3. Lending
4. Saving
5. Wallet swap fees
6. OTC desk (in development)

All net income from these products flows into the Purple Treasury.

Section 4

The Purple Treasury

The Purple Treasury is a collectively governed pool of capital dedicated exclusively to funding, maintaining, and expanding the Purple Bitcoin ecosystem.

Key Properties

• Has no owner
• Cannot distribute profits to individuals
• Cannot be withdrawn from
• Exists only to serve the ecosystem

What the Treasury Can Fund

• Product development
• Infrastructure & tooling
• Marketing & growth
• Contributor compensation
• Operations
• Reserves
• PBTC economic actions (liquidity, buyback, burns if approved)

What the Treasury Can Never Do

• Pay dividends
• Repay donors as investors
• Enrich individuals
• Be claimed as property
• Be drained or redeemed

Every outflow must be transparent, approved according to governance rules, and ecosystem-aligned.

Section 5

Who Can Enter

Purple Council is a closed governance system. Two factors are required to enter:

1. A Solana wallet. You connect it and sign a one-time message to prove control. We never custody your keys.
2. Membership of the Purple Council Telegram group. You verify with the Telegram Login Widget. The website checks that your account is in the group via the official Bot API.

Purple Council is intentionally not a DAO in the technical sense: there is no governance token, voting weight (CC) is off-chain, and membership is gated by Telegram identity. It is a deliberate, closed contribution-based governance group for the Purple Bitcoin ecosystem treasury.

If you leave the Telegram group, your access is automatically revoked at the next hourly check, and your CC stops counting toward governance until you rejoin and re-verify.

Stewards bypass the Telegram check during bootstrap (their wallets are explicitly listed in the deployment configuration).

Section 6

Who Governs the Treasury

Governance is contribution-based. Governance power belongs only to people who:

• Donated PBTC, USDC, or SOL to the treasury, or
• Locked PBTC into the treasury (temporary governance weight, see §8), or
• Delivered verified execution (development, operations, marketing, product, design, audits).

Holding PBTC alone gives no governance rights. Buying CC is impossible.

Section 7

Contribution Credits (CC)

What CC is

• An internal governance weight
• Exists only inside the Purple Council database
• Not a token
• Not transferable
• Not tradable
• Not on-chain

CC is simply a number representing earned influence.

The three ways to earn CC

A. Donate (permanent CC)

Donations are irreversible. The capital enters the treasury and never returns. In exchange you earn permanent CC, suspended only if you leave the Telegram group.

PBTC is the canonical contribution asset (1 PBTC = 1 base CC). USDC and SOL donations are converted to PBTC equivalent at the moment of donation using a real-time price snapshot (Jupiter Price API), then the same multiplier applies.

B. Lock (temporary CC)

Locking is reversible. You time-lock PBTC in a Streamflow contract that returns to you when the lock matures. While the lock is active you earn temporary CC; when the lock matures and the PBTC returns, the CC disappears too.

Lock CC is governance power without parting with capital. Donation CC is strictly higher because it represents permanent commitment.

C. Verified execution (permanent CC)

Outcome-based work that ships and benefits the ecosystem. Examples: shipped feature, operating a product, managing a campaign, infrastructure work, design, audits. Stewards approve execution CC retroactively, with proof. Capped per quarter so execution CC cannot dominate capital CC.

Suspension and revocation

CC is suspended for the duration that you are not a verified member of the Purple Council Telegram group. If you rejoin and re-verify, your CC counts again immediately. Lock CC additionally vanishes when its lock matures — this is automatic, no action required.

What CC is used for

• Voting on treasury decisions
• Proposing initiatives
• Approving spends
• Future: assigning execution mandates when the Council is large enough to need them.

Section 8

What Contributors Decide

Contributors decide:

• Treasury spending
• Strategic direction
• Governance rules
• Major partnerships and ecosystem moves

Contributors do not decide:

• Day-to-day execution
• Small operational expenses
• How code is written

Voting rules:

Each proposal opens for 72 hours by default; the proposer can shorten or lengthen within bounds. Votes are CC-weighted, snapshotted at the moment of voting (so the result of a closed vote is stable even if CC later changes).

Section 9

Execution & Roles

Purple Council is not a holders' club. It is a governance and execution space.

Stewards (initial)

The current builders of the Purple ecosystem. Stewards bootstrap the Council during the early phase: they execute approved treasury moves, credit verified execution CC, and operate the website. Stewards have no special voting power — they vote with the CC they earned like everyone else.

The Steward role is temporary by design. As the Council matures, treasury execution will move to a multisig council elected by contributors, and later to a legal Foundation as steward.

Contributors

Anyone with active CC. Contributors propose, vote, and shape strategic direction. There is no other privilege.

Explicitly removed

• Passive holders
• Read-only governance roles
• Members who don't contribute

If you want a say, contribute. The constitution offers three doors; choose one.

Section 10

Governance Platform

Purple Council governance lives on this website. Every contributor signs in with their Solana wallet and verifies their Telegram identity. Every action is logged.

What the platform handles

• Constitution & documentation
• CC ledger (append-only, with sources and proofs)
• Donation and lock flows (multi-token, automated)
• Proposals and voting
• Treasury balance and history
• Audit log of every administrative action

Section 11

No Foundation (Yet)

At this stage:

• Governance runs via this website
• Treasury rules are enforced socially and technically
• Stewards execute approved treasury moves

Later, a multisig council of contributors will replace Steward execution. A Foundation will eventually be created as a legal steward to:

• Hold domains, IP, contracts
• Execute real-world payments
• Represent the ecosystem legally

The Foundation will not own the ecosystem. It will act under treasury governance.

Section 12

Ownership Clarified

PBTC holders do not own the treasury or products.

Section 13

Why This Structure Exists

This system is designed to:

• Encourage real contribution
• Attract serious capital
• Prevent drama and capture
• Protect builders
• Scale over years, not months

It is intentionally:

• Boring
• Disciplined
• Transparent
• Hard to exploit

Section 14

Final Statement

Purple Bitcoin is a contribution-governed ecosystem. The treasury exists solely to serve the ecosystem, not individuals. Governance power is earned through real contribution — capital, locked or donated, or delivered work — execution is delegated through stewardship, and no entity owns or can extract value from the system.