ADR-0028: SULI's issuance parameters
ADR-0018 §5 left seven things open: supply, emissions, allocation, vesting, the address, the chain it is first issued on with value, and whether the treasury…
Status: accepted. Dated 2026-10-01.
Status: accepted, 2026-10-01. Decided by the owner, who asked whether SULI should be "same like Solana" and accepted the recommendation below: copy the parts of Solana's model that fit a rollup's coin, and not the two that do not. Fills the open list of ADR-0018 §5 and ADR-0025 §4. Issuance itself still waits for ADR-0018 §4: this record fixes what is issued, not when.
1. Context
ADR-0018 §5 left seven things open: supply, emissions, allocation, vesting, the address, the chain it is first issued on with value, and whether the treasury buys it with SOL revenue. The coin page has said "Not decided" in every row, because a number invented to fill a row would be read as a figure.
Two facts shape the answer:
- Solieum's coin secures nothing. Solana pays new SOL to the stakers who secure it. Solieum's security is Solana's finality plus anyone's ability to prove a bad root wrong, and every bond that secures user funds or pays a challenger is SOL (ADR-0013, ADR-0018 §2b rule 2, reaffirmed by ADR-0025). Inflation paid to SULI holders would buy no security.
- The devnet coin chains already rehearse Solana's shape: 500,000,000 at genesis, 9 decimals, half of every fee destroyed (5,000 bps). ADR-0025 §4 said the issuance ADR may choose the same parameters or different ones.
2. Decision
| Parameter | Decided |
| Supply | 500,000,000 SULI, 9 decimals, fixed. Minted once at issuance into the allocation's escrows below; the mint authority is then revoked and there is no freeze authority. Nobody can mint more. |
| Emissions | No new issuance, ever. Rewards for settlement work come from a pre-minted pool, released on a decaying schedule (§2b). |
| Allocation | §2a. |
| Vesting | §2a. Every bucket vests in an on-chain escrow anyone can read, and nothing unlocks before issuance. |
| Address on a network of value | Does not exist until issuance. It is created then from a multisig, and published on the site, X and Telegram in the same minute. Until the site shows it, every address claiming to be SULI is a scam. |
| Chain it is first issued on with value | Solana mainnet. |
| Whether the treasury buys it with SOL revenue | Yes, by rule (§2c). |
| Fee burn on Solieum's own chains | Half of every fee destroyed (5,000 bps), as the devnet coin chains already do. |
2a. Allocation and vesting
| Bucket | Share | SULI | Vesting |
| Settlement rewards: proposers, verifiers, challengers, staked sequencers (ADR-0018 §2b) | 30% | 150,000,000 | Released by §2b; each reward pending until its root's window closes clean (ADR-0018 rule 3) |
| Ecosystem and grants: Solve builders, fast-exit liquidity incentives | 15% | 75,000,000 | 10% at issuance, the rest linear over 48 months, released by governance |
| Team and contributors | 15% | 75,000,000 | 12-month cliff from issuance, then 36 months linear |
| Private rounds (ADR-0022) | 12% | 60,000,000 | Each agreement's own (ADR-0022). Agreements signed from 2026-10-01 vest no faster than: nothing at issuance, a 6-month cliff, then 18 months linear; seed agreements a 12-month cliff, then 24 months |
| Treasury | 12% | 60,000,000 | Locked 12 months, then spent by governance through a multisig with a timelock and a spend limit |
| Community and early points (ADR-0018 §4's non-transferable points) | 7% | 35,000,000 | 50% at issuance, 50% linear over 6 months |
| Launch liquidity | 5% | 25,000,000 | At issuance, paired in pools; the pool positions locked 12 months or more |
| Presale (ADR-0022's public stage) | 4% | 20,000,000 | 25% at issuance, the rest linear over 6 months |
| Total | 100% | 500,000,000 |
At issuance about 55,000,000 SULI (11%) is liquid: the community half (17.5 M), the presale quarter (5 M), launch liquidity (25 M) and the ecosystem tenth (7.5 M). Team and private rounds together hold 27%.
2b. The rewards pool's release
Each year the pool releases 15% of what remains in it: 22,500,000 in year 1, 19,125,000 in year 2, 16,256,250 in year 3, and about 120,500,000 of the 150,000,000 by the end of year 10. The decay is Solana's disinflation rate, applied to a fixed pool instead of to new issuance. Governance sets how the year's release is split between the roles (ADR-0018 §2a, "reward schedules"), never the release rate itself, which is this record.
If sequencing opens to staked outsiders and a staking reward is wanted, it is paid from this pool or the treasury, capped at 1.5% of supply a year (Solana's long-run rate), by its own ADR. It is never new issuance: the mint authority no longer exists.
2c. The treasury's purchases
The treasury buys SULI with 20% of net SOL revenue: what a chain earns in SOL, less what it pays Solana to settle and publish (rent, data availability, fees). Rules:
- Not while subsidised. It starts only after a chain's SOL revenue has covered its own Solana costs for 90 days running (ADR-0026: a coin chain's anchoring is an operator subsidy until the rent comes back).
- On the open market, spread out, never in one order.
- Into the rewards pool, not burned. The fee burn already destroys coin; bought coin pays for settlement work.
- Governance may move the 20% between 0% and 30%, and no further.
3. Why these, and not Solana's exact model
| Solana | SULI | Why |
| 500,000,000 at genesis | Same | It matches the devnet rehearsal, so nothing a reader has seen changes |
| 9 decimals | Same | The same; and a lamport-sized unit is what Solana tooling expects |
| Half of base fees burned | Same, on Solieum's own chains | Already the devnet rule |
| 8% a year inflation, falling 15% a year to 1.5% | Not copied as issuance; the 15% decay shapes the pool's release | New coin would buy no security on a rollup (§1) |
| About 61% to sale rounds, team and foundation | 27% to team and private rounds | A coin whose supply is mostly held by insiders is read as theirs |
| Staking yield from inflation | Only from the pool or treasury, capped at 1.5%, by its own ADR | The cap keeps Solana's long-run figure as the ceiling |
Why Solana mainnet first. The settlement programs that pay the rewards live on Solana, and so do the wallets and the liquidity a holder needs. Rights holders are owed delivery on a network of value (ADR-0022).
4. Consequences
- The coin page's "What is deliberately not decided" table becomes this record's table. The address row stays "Does not exist" until issuance.
- SULI on Solieum's own chains stays test value until a canonical bridge carries it from Solana. A coin chain anchors to Solana but bridges nothing today: a portal OR a native coin, never both. That bridge needs its own ADR before a coin chain can run with valuable SULI as gas.
- Before the page goes live, the owner confirms the agreements already signed fit inside the 12% for private rounds, and have the buyback rule and the allocation reviewed by counsel: a buyback funded by protocol revenue is a standard point in a securities analysis.
- On Solana the coin has a mint like any asset there. Every Solieum text still calls SULI a native coin, never a token (ADR-0025).
- ADR-0018 §5 and ADR-0025 §4 point here.
5. What this does not decide
- When. ADR-0018 §4's conditions still gate issuance.
- The presale's price, size and date (ADR-0022), and any private round's price.
- The vote program that governance uses (ADR-0018 §2a says it does not exist yet), and the multisig's members and threshold.
- The canonical bridge from Solana to Solieum's own chains.