Financial Regulation
(Adopted in accordance with the Interim Basic Regulation of the Virtublican Party)
Section I. General Provisions
1.1. This Regulation establishes the rules for forming the financial base of the Virtublican Party, including the receipt of funds, distribution of strategic literature, allocation of income, and management of the General Fund.
1.2. At the initial stage, the financial model is based on the distribution of evolutionary literature. The acquisition of literature constitutes a voluntary targeted contribution to the development of the Movement, an act confirming participation, and the primary mechanism for fulfilling the financial requirement for entry as defined in the Admission Regulation.
1.3. Contribution and access structure:
“Entry Contribution” — £100: a basic participation package that includes a copy of the book, 100 VIC and confers the status of Virtublican.
Section II. Sources of Budget Formation
2.1. Primary sources of revenue:
a) targeted contributions from participants, linked to the acquisition of strategic materials;
b) voluntary donations.
2.2. All financial receipts are recorded in a unified ledger and subject to transparent accounting.
Section III. Allocation of Funds
3.1. The standard contribution distribution formula applies to all contribution types:
a) 20% — to the author of the material (“System Failure 5631826” — Henry Irving; “Virtublic” — Henry Irving);
b) 80% — to the General Fund of Virtublic.
3.2. Resources from the General Fund are directed toward:
a) the development of the Movement’s digital infrastructure;
b) financing missions and strategic initiatives;
c) operational and organizational expenses.
3.3. Use of the General Fund is approved by a simple majority of the Financial Council, composed of the Leaders of the Parallels. Individual discretionary control over Fund resources is not permitted.
Section IV. Transparency, Reporting, and Oversight
5.1. All financial operations are recorded in a unified ledger (Activity Log). Summary data, excluding confidential personal information, are available to participants for internal audit.
5.2. Quarterly open reports are published, detailing total receipts and the structure of fund allocation, broken down by contribution type.
5.3. Authorized financial coordinators are responsible for maintaining records and preparing reports.
5.4. For external verification and increased trust, hash values of key financial reports must be published in the Action Ledger.
Section V. Appeals and Dispute Resolution
6.1. Any participant may submit an appeal regarding financial operations related to their activity through the established feedback procedure.
6.2. Appeals are reviewed by the Financial Council within ten working days. The Council’s decision is final and must be published in the Action Ledger.
6.3. Unauthorized use of funds is considered a violation and entails sanctions as defined by the relevant regulation.
Section VI. Final Provisions
7.1. This Regulation remains in effect until the transition to a decentralized financial model (VIC Coin) and may be supplemented by a separate regulation.
7.2. All amendments to this Regulation must be approved by the Council of Parallel Leaders and published in the Action Ledger.
7.3. Making a contribution constitutes an act of support for the Movement, a symbol of personal participation, and a form of collective financing of Virtublic.
