Treasury Notes
How the sovereign treasury is held, audited, and disbursed — an explainer.
What a Treasury Note is
A Treasury Note is the Republic's own record of value held by the sovereign treasury on the public chain. It is not a bank deposit and not a claim on any custodian: the treasury is a smart contract whose reserves — the Republic's coin and its chain-native holdings — are readable by anyone at any block. When the Republic states its reserves, that statement is a query, not a promise.
How the treasury fills
The treasury accumulates from the Republic's sovereign holdings and their yield. No citizen deposit is required or accepted for citizenship; the Republic never takes custody of a citizen's funds to build its own.
How the treasury disburses
Disbursement is claim, never transfer-on-your-behalf. The principal instrument is the dividend: the Republic declares an epoch, records the amount and the census of citizens at declaration, and computes each citizen's equal share. Each citizen then claims their own share with their own wallet, in their own time. An unclaimed share remains claimable; the treasury cannot redirect it.
What the treasury cannot do
- It cannot hold, freeze, or move a citizen's personal funds — it never has them.
- It cannot disburse outside a ratified epoch or an audited disbursement record.
- It cannot conceal its balance: every reserve read is public.
Reading the notes
The live figures — reserves, current epoch, per-citizen share — are published on the holdings pages and are verifiable directly against the chain by any block explorer. If a figure on this site and the chain ever disagree, the chain is the record.