Transparency · MiCA-Aligned · Discretionary

C42 Program Fund

The C42 Program Fund is a dedicated wallet allocation managed by CyTel42 to support the
ClaimBack42 ecosystem and, where appropriate, to execute <strong>fully discretionary</strong> buy-backs
of C42 utility tokens. It is <strong>not a reserve, not backing, and not a redemption pool</strong>, but a
transparency tool and program-support mechanism.

Program Fund Wallet

Public wallet (read-only):
[fund_wallet_address]

Latest Program Report

Version: v1.0
Period: [YYYY-MM]
Download report →

Recent Buy-Back Activity

Latest discretionary buy-back:
[Date or “none yet”]
Summary: [#C42 tokens, volume]

The figures above are for transparency only and do not create rights, guarantees, or valuation claims for C42 holders.

How the C42 Program Fund Works

The C42 Program Fund is a portion of operational revenues that CyTel42 may allocate to a dedicated wallet. This allocation is used to support the ClaimBack42 and C42 ecosystems, which can include:

  • Funding ecosystem tools, dashboards, and claimant support features
  • Supporting outreach, education, and whistleblower-driven initiatives
  • Executing discretionary C42 buy-backs on the market to support healthy circulation and program incentives

Allocation percentages and operational decisions may change over time and will be documented in versioned public reports.

Discretionary Buy-Backs – No Backing, No Redemption Right

From time to time, CyTel42 may use part of the Program Fund to purchase C42 utility tokens on the open market. These buy-backs are:

  • Fully discretionary – there is no obligation to conduct buy-backs
  • Non-promotional – no guarantee of frequency, size, or price
  • Non-redeemable – C42 holders have no right to redeem tokens against the fund

CyTel42 may internally consider indicators such as fund balance and circulating supply when deciding whether to conduct buy-backs. However, any such internal indicators:

  • do not represent “intrinsic value” or a price formula,
  • do not constitute backing or a peg, and
  • do not create any contractual or economic rights for C42 holders.

This design ensures that C42 remains a MiCA-compliant utility token and not an asset-referenced token (ART) or e-money token (EMT).

MiCA-Aligned Design & Transparency

The C42 utility token is structured under the EU Markets in Crypto-Assets Regulation (MiCA) as a utility token. The Program Fund is designed to support the ecosystem without turning C42 into:

  • an asset-referenced token (ART),
  • an e-money token (EMT), or
  • a financial instrument under MiFID II.

There is no claim

How C42, ClaimBack42, and C42S Fit Together

The Program Fund sits within a broader ecosystem:

C42 remains strictly non-financial (utility), whereas C42S is a separate security token offered only to eligible participants via private placement and dedicated disclosures.