White Paper Report


			..
	White paper for crypto-assets other than asset-referenced tokens or e-money tokens

	Digital Token Identifier:	VMPCNBRQ9
	Offeror or person seeking admission to trading:	I.R.S. Employer Identification No.: 83-2676794 - DeFi Development Corp.
	Type of submission:	New

Table of content
General information
SUMMARY
Part A - Information about offeror or person seeking admission to trading
Part B - Information about issuer, if different from offeror or person seeking admission to trading
Part C - Information about the operator of the trading platform in cases where it draws up the crypto-asset white paper and information about other persons drawing the crypto-asset white paper pursuant to Article 6(1), second subparagraph, of Regulation (EU) 2023/1114
Part D - Information about other token project
Part E - Information about offer to public of other tokens or their admission to trading
Part F - Information about other tokens
Part G - Information on rights and obligations attached to other tokens
Part H – Information on underlying technology
Part I - Information on risks
Part J - Information on the sustainability indicators in relation to adverse impact on the climate and other environment-related adverse impacts




[Table 2] Template for white papers for crypto-assets other than asset-referenced tokens or e-money tokens

Template for white papers for crypto-assets other than asset-referenced tokens or e-money tokens [abstract]
General information
00 Table of content	boolean true	true
01 Date of notification	date	2026-01-09
02 Statement in accordance with Article 6(3) of Regulation (EU) 2023/1114	boolean true	This crypto-asset white paper has not been approved by any competent authority in any Member State of the European Union. The person seeking admission to trading of the crypto-asset is solely responsible for the content of this crypto-asset white paper.
03 Compliance statement in accordance with Article 6(6) of Regulation (EU) 2023/1114	boolean true	This crypto-asset white paper complies with Title II of Regulation (EU) 2023/1114 of the European Parliament and of the Council and, to the best of the knowledge of the management body, the information presented in the crypto-asset white paper is fair, clear and not misleading and the crypto-asset white paper makes no omission likely to affect its import.
04 Statement in accordance with Article 6(5), points (a), (b), (c), of Regulation (EU) 2023/1114	boolean true	The crypto-asset referred to in this crypto-asset white paper may lose its value in part or in full, may not always be transferable and may not be liquid
05 Statement in accordance with Article 6(5), point (d), of Regulation (EU) 2023/1114	boolean true	Not applicable
06 Statement in accordance with Article 6(5), points (e) and (f), of Regulation (EU) 2023/1114	boolean true	The crypto-asset referred to in this white paper is not covered by the investor compensation schemes under Directive 97/9/EC of the European Parliament and of the Council or the deposit guarantee schemes under Directive 2014/49/EU of the European Parliament and of the Council.
SUMMARY
07 Warning in accordance with Article 6(7), second subparagraph, of Regulation (EU) 2023/1114	boolean true	Warning This summary should be read as an introduction to the crypto-asset white paper. The prospective holder should base any decision to purchase this crypto –asset on the content of the crypto-asset white paper as a whole and not on the summary alone. The offer to the public of this crypto-asset does not constitute an offer or solicitation to purchase financial instruments and any such offer or solicitation can be made only by means of a prospectus or other offer documents pursuant to the applicable national law. This crypto-asset white paper does not constitute a prospectus as referred to in Regulation (EU) 2017/1129 of the European Parliament and of the Council or any other offer document pursuant to Union or national law.
08 Characteristics of the crypto-asset	textBlock	DisclaimerCoin (DONT) is a memecoin issued on the Solana blockchain, designed as a cultural digital asset that symbolizes memecoin value and humor. DONT is not backed by any asset or service. DONT is issued in a finite quantity and intended to be tradable on exchanges such as Kraken and platforms such as Bonk.fun. The token has no specific utility beyond serving as a tradable crypto-asset. There is no underlying claim on any issuer, and no promise of utility, financial return, or entitlement<br>DONT is set to be created on 2026-01-22, with identifier DONT.<br>DONT has a fixed total supply of 420 billion tokens initially distributed as follows:<br>Category Allocation<br>Early contributors 10%<br>Airdrops, ecosystem and community 20%<br>DeFi Development Corp. 30%<br>Public 40%<br>Trading of DONT may also occur on peer-to-peer or via third-party platforms that support the Solana blockchain
09 Further information about utility tokens	textBlock	N/A
10 Key information about the offer to the public or admission to trading	textBlock	Admission to trading of the DONT token is being sought with the goal of making it available to a wide range of holders. The token is expected to initially be listed in the EU on Kraken (i.e., on the EU crypto-asset trading platform operated by Payward Global Solutions Limited), and may also be listed on other crypto-asset trading platforms in the future.
Part A - Information about offeror or person seeking admission to trading
A.1 Name	text	DeFi Development Corp.
A.2 Legal form	text	US-DE
A.3 Registered address
Registered addess	text	6401 Congress Avenue, Suite 250, Boca Raton
Country	enumeration	United States of America
Sub-division	text	Florida 33487, DE
A.4 Head office
Head office	text	N/A
Country	enumeration
Sub-division	text	N/A
A.5 Registration date	date	2021-03-09
A.6 Legal entity identifier	LEI
A.7 Another identifier required pursuant to applicable national law	text	I.R.S. Employer Identification No.: 83-2676794
A.8 Contact telephone number	text	1 561-559-4111
A.9 E-mail address	text	info@defidevcorp.com
A.10 Response time (days)	integer	30
A.11 Parent company	text	N/A
A.12 Members of the management body
Member #1	id	1
Identity	text	Joseph Onerati
Business address	text	6401 Congress Avenue, Suite 250, Boca Raton, Florida 33487, US-DE
Function	text	CEO
Member #2	id	2
Identity	text	Parker White
Business address	text	6401 Congress Avenue, Suite 250, Boca Raton, Florida 33487, US-DE
Function	text	CIO & COO
Member #3	id	3
Identity	text	John Han
Business address	text	6401 Congress Avenue, Suite 250, Boca Raton, Florida 33487, US-DE
Function	text	CFO
Member #4	id	4
Identity	text	Dan Kang
Business address	text	6401 Congress Avenue, Suite 250, Boca Raton, Florida 33487, US-DE
Function	text	CSO
Member #5	id	5
Identity	text	Pete Humiston
Business address	text	6401 Congress Avenue, Suite 250, Boca Raton, Florida 33487, US-DE
Function	text	CMO
Member #6	id	6
Identity	text	Blake Janover
Business address	text	6401 Congress Avenue, Suite 250, Boca Raton, Florida 33487, US-DE
Function	text	Board Member
Member #7	id	7
Identity	text	William Caragol
Business address	text	6401 Congress Avenue, Suite 250, Boca Raton, Florida 33487, US-DE
Function	text	Board Member
A.13 Business activity	textBlock	Digital Asset Treasury designed to accumulate and compound Solana. The company also runs an AI-powered online platform that connects the commercial real estate industry by providing data and software subscriptions as well as value-add services to multifamily and commercial property professionals as we connect the increasingly complex ecosystem that stakeholders have to manage
A.14 Parent company business activity	textBlock	N/A
A.15 Newly established	boolean	true
A.16 Financial condition for the past three years	textBlock	Amendment to Annual report for 2024: https://www.sec.gov/Archives/edgar/data/1805526/000121390025044919/ea0242584-10ka1_defi.htm<br>Annual report for period ended 31 December 2024: https://www.sec.gov/Archives/edgar/data/1805526/000101376225003260/ea0232007-10k_janover.htm#a_027<br>Annual report for period ended 31 December 2023: https://www.sec.gov/Archives/edgar/data/1805526/000157587224000295/jnvr-20231231.htm<br>Financial statement for period ending 31 December 2022: https://www.sec.gov/Archives/edgar/data/1805526/000157587223001740/0001575872-23-001740-index.htm
A.17 Financial condition since registration	textBlock	N/A
Part B - Information about issuer, if different from offeror or person seeking admission to trading
B.1 Issuer different from offerror or person seeking admission to trading	boolean	false
B.2 Name	N/A		.
B.3 Legal form	N/A		.
B.4 Registered address
Registered addess	N/A		.
Country	N/A		.
Sub-division	N/A		.
B.5 Head office
Head office	N/A		.
Country	N/A		.
Sub-division	N/A		.
B.6 Registration date	N/A		.
B.7 Legal entity identifier	N/A		.
B.8 Another identifier required pursuant to applicable national law	N/A		.
B.9 Parent company	N/A		.
B.10 Members of the management body
Member #1	N/A		.
Identity	N/A		.
Business address	N/A		.
Function	N/A		.
B.11 Business activity	N/A		.
B.12 Parent company business activity	N/A		.
Part C - Information about the operator of the trading platform in cases where it draws up the crypto-asset white paper and information about other persons drawing the crypto-asset white paper pursuant to Article 6(1), second subparagraph, of Regulation (EU) 2023/1114
C.1 Name	N/A		.
C.2 Legal form	N/A		.
C.3 Registered address
Registered address	N/A		.
Country	N/A		.
Sub-division	N/A		.
C.4 Head office
Head office	N/A		.
Country	N/A		.
Sub-division	N/A		.
C.5 Registration date	N/A		.
C.6 Legal entity identifier	N/A		.
C.7 Another identifier required pursuant to applicable national law	N/A		.
C.8 Parent company	N/A		.
C.9 Reason for crypto-asset white paper preparation	N/A		.
C.10 Members of the management body
Member #1	N/A		.
Identity	N/A		.
Business address	N/A		.
Function	N/A		.
C.11 Operator business activity	N/A		.
C.12 Parent company business activity	N/A		.
C.13 Other persons drawing up the crypto-asset white paper according to Article 6(1), second subparagraph, of Regulation (EU) 2023/1114	N/A		.
C.14 Reason for drawing the white paper by persons referred to in Article 6(1), second subparagraph, of Regulation (EU) 2023/1114	N/A		.
Part D - Information about other token project
D.1 Crypto-asset project name	text	DisclaimerCoin
D.2 Crypto-asset name	text	DisclaimerCoin
D.3 Abbreviation	text	DONT
D.4 Crypto-asset project description	textBlock	DONT is a memecoin inspired by Internet meme culture. DONT is purely symbolic and has not utility and does not confer any rights (no dividends, no governance, no revenue share). The token is not a financial instrument; is not asset-backed; is not an e-money token; and is not an asset-referenced token under MICA. The token has no expectation of profit based on managerial effort. However, DONT may be traded on secondary markets or decentralized exchanges, where price formation is driven by market participants, speculation, sentiment, and trading activity that are outside the control of the issuer. As a result, market prices may fluctuate significantly, including due to factors unrelated to the project, and any price appreciation or depreciation arises from market dynamics rather than from any promise, undertaking, or effort by the issuer to generate value.
D.5 Details of all natural or legal persons involved in implementation of crypto-asset project
Person #1	id	1
Type of person	enumeration	Crypto-asset service provider
Name of person	text	DeFi Development Corp.
Business address of person	text	6401 Congress Avenue, Suite 250, Boca Raton, Florida 33487, US-DE
Domicile of company	enumeration	United States of America
D.6 Utility token classification	boolean	false
D.7 Key features of goods or services for utility token projects	text	N/A as DONT is not a utility token.
D.8 Plans for the token
Description of past milestones	textBlock	N/A
Description of future milestones	textBlock	No future token offerings are planned. The future of the token is meme-culture driven and community-led with DeFi Development Corp. focusing on increasing the availability of DONT through listings and trading on centralized and decentralized exchanges. No promises of financial return, services or technology developments or upgrades are planned. DeFi Development Corp. does not intend to dispose of the 30% of the total supply of DONT distributed to it at the time of creation of the token. Other DONT held by DeFI Development Corp. may be used to pay for future operational expenses which may include but not be limited to: (i) Market-Making: Engaging professional market makers to ensure liquidity on exchanges (ii) Marketing (iii) Payment of Exchange Listing Fees (iv) If necessary, some tokens may be sold to pay any taxes that accrue or to fund legal, regulatory, and compliance costs that may arise.
D.9 Resource allocation	text	N/A
D.10 Planned use of collected funds or other tokens	text	N/A
Part E - Information about offer to public of other tokens or their admission to trading
E.1 Public offering or admission to trading	enumeration	Admission to trading
E.2 Reasons for public offer or admission to trading	textBlock	Admission to trading of the DONT token is being sought with the goal of making it available to a wide range of holders.
E.3 Fundraising target
Target expressed in currency	monetary		EUR
Target expressed in units	decimal
Target expressed in digital token identifier	text	N/A
E.4 Minimum subscription goals
Goals expressed in currency	monetary		EUR
Goals expressed in units	decimal
Goals expressed in digital token identifier	text	N/A
E.5 Maximum subscription goals
Goasl expressed in currency	monetary		EUR
Goals expressed in units	decimal
Goals expressed in digital token identifier	text	N/A
E.6 Oversubscription acceptance	boolean	false
E.7 Oversubscription allocation	text	N/A
Issue price details
E.8 Issue price	decimal
E.9 Official currency determining issue price	enumeration
E.9 Any other tokens determining issue price	text	N/A
E.10 Subscription fee
Fee expressed in currency	monetary		EUR
Fee expressed in units	decimal
Fee expressed in digital token identifier	text	N/A
E.11 Offer price determination method	text	N/A
E.12 Total number of offered or traded other tokens	integer	168000000000
E.13 Targeted holders	enumeration	All types of investors
E.14 Holder restrictions	text	Early contributors who receive tokens will be required to enter into a sales plan on launch day (the "Sales Plan"), which will have a predefined sales schedule that must be followed and a mandatory 30-day cooling off period (the "Cooling Off Period") that must elapse before tokens can be sold. The plan will involve the sale of 10% of supply (being 168,000,000,000 DONT tokens): ● A 30 day cooling off period between token creation and commencement of sale. ● Sale of tranche 1 during calendar days 1–30 after Cooling Off Period: 4.50% of total token supply. ● Sale of tranche 2 during calendar days 31–90 after Cooling Off Period: 2.0% of total token supply. ● Sale of tranche 3 during calendar days 91–120 after Cooling Off Period: 3.50% of total token supply. Selling will accelerate if the fully diluted market cap ("FDMC") exceeds certain thresholds: ● ≤ $100,000,000: Base daily rate under applicable tranche ● > $100,000,000: 1.25x base daily rate ● > $200,000,000: 1.50x base daily rate ● > $300,000,000: 1.75x base daily rate ● > $400,000,000: 2.00x base daily rate ● ≥ $500,000,000: 2.50x base daily rate (Maximum Acceleration Rate) If a tranche is completely sold before the end of the calendar days period specified above, (for example if we sell all of tranche 1 in less than the first 30 calendar days), sale of the next tranche will automatically begin. The early contributor Sales Plan can be cancel immediately at any time by the issuer. A replacement sales plan can only be applied once another 30 days cooling off period has completed. FDMC-linked accelerated selling may increase the rate of token supply entering the market during periods of high valuation, which can amplify price volatility and create downward price pressure for DONT holders.
E.15 Reimbursement notice	boolean true
E.16 Refund mechanism	textBlock	N/A
E.17 Refund timeline	text	N/A
E.18 Offer phases	textBlock	N/A
E.19 Early purchase discount	textBlock	N/A
E.20 Time-limited offer	boolean	false
E.21 Subscription period beginning	date
E.22 Subscription period end	date
E.23 Safeguarding arrangements for offered funds or other tokens	textBlock	N/A
E.24 Payment methods for other token purchase	textBlock	N/A
E.25 Value transfer methods for reimbursement	textBlock	N/A
E.26 Right of withdrawal	textBlock	N/A
E.27 Transfer of purchased other tokens	textBlock	N/A
E.28 Transfer time schedule	text	N/A
E.29 Purchaser's technical requirements	textBlock	A Solana compatible wallet
Other token services provider characteristics
E.30 Other token service provider (CASP) name	text	N/A
E.31 CASP identifier	LEI
E.32 Placement form	enumeration	Not applicable
Trading platforms characteristics
E.33 Trading platforms name	text	DONT is expected to initially be listed in the EU on Kraken (i.e., on the EU crypto-asset trading platform operated by Payward Global Solutions Limited), and may also be listed on other crypto-asset trading platforms in the future
E.34 Trading platforms market identifier code (MIC)	text	PGSL
E.35 Trading platforms access	text	How investors can access the EU crypto-asset trading platforms on which DONT may be listed will vary depending on the requirements and terms and conditions of each platform. Investors should refer to relevant information provided by the relevant trading platform with respect to access and ability to transact in DONT via the platform.
E.36 Involved costs	textBlock	The costs involved in relation to accessing the trading platforms on which DONT may be listed will vary depending on the relevant trading platform. Investors should refer to relevant information provided by the relevant trading platform with respect to access and transacting in DONT via the platform.
E.37 Offer expenses	textBlock	N/A
E.38 Conflicts of interest	textBlock	The issuer will be retaining some tokens immediately following launch. This may create a potential conflict of interest, even though the issuer has no intent to sell any tokens. The issuer has adopted a sales plan to mitigate any potential conflict and has prohibited any of its employees of the issuer from buying tokens at any point after launch.
E.39 Applicable law	textBlock	The competent law with respect to disputes or claims relating to the admission to trading of DONT on an EU crypto-asset trading platform, including any transactions effected in DONT by investors via the platform will vary depending on the relevant trading platform and the nature and location of the investor
E.40 Competent court	textBlock	Ireland
Part F - Information about other tokens
F.1 Crypto-asset type	text	Other crypto-asset (non-utility, non-ART, non-EMT) — classified as a meme token under MiCA. It is not linked to any utility, asset, or currency.
F.2 Other token functionality	textBlock	DONT is a pure memecoin with no additional functionality beyond its existence as a tradable token on the Solana blockchain. DONT serves no underlying utility or service function. It is a purely meme-based, community-oriented, crypto-asset. Its value is derived from speculation, social consensus, cultural engagement, virality, and narrative appeal. It has no intrinsic or collateral-based value, nor does it grant access to any goods, governance, or benefits.
F.3 Planned application of functionalities	textBlock	N/A
A description of the characteristics of the other token, including the data necessary for classification of the crypto-asset white paper in the register referred to in Article 109 of Regulation (EU) 2023/1114, as specified in accordance with paragraph 8 of that Article
F.4 Type of crypto-asset white paper	enumeration	Other crypto-asset token white paper
F.5 Type of submission	enumeration	New
F.6 Other token characteristics	textBlock	DONT is a fungible meme token on the Solana blockchain. It has no underlying utility, no attached rights or claims, and is not linked to any financial or service-based infrastructure. It is intended as a cultural and community-based crypto-asset.
F.7 Commercial name or trading name	text	DisclaimerCoin
F.8 Website of the issuer	text	www.DisclaimerCoin.com
F.9 Starting date of offer to the public or admission to trading	date	2026-01-22
F.10 Publication date	date	2026-01-09
F.11 Any other services provided by the issuer	textBlock	Not applicable.
F.12 Language or languages of white paper	text	English.
F.13 Digital token identifier code used to uniquely identify the crypto-asset or each of the several crypto assets to which the white paper relates, where available	text	VMPCNBRQ9
F.14 Functionally fungible group digital token identifier, where available	text	N/A
F.15 Voluntary data flag	boolean	false
F.16 Personal data flag	boolean	true
F.17 LEI eligibility	boolean	true
F.18 Home member state	enumeration	Ireland
F.19 Host member states #1	enumerationSet	Austria
F.19 Host member states #2	enumerationSet	Belgium
F.19 Host member states #3	enumerationSet	Bulgaria
F.19 Host member states #4	enumerationSet	Croatia
F.19 Host member states #5	enumerationSet	Cyprus
F.19 Host member states #6	enumerationSet	Czechia
F.19 Host member states #7	enumerationSet	Denmark
F.19 Host member states #8	enumerationSet	Estonia
F.19 Host member states #9	enumerationSet	Finland
F.19 Host member states #10	enumerationSet	France
F.19 Host member states #11	enumerationSet	Germany
F.19 Host member states #12	enumerationSet	Greece
F.19 Host member states #13	enumerationSet	Hungary
F.19 Host member states #14	enumerationSet	Iceland
F.19 Host member states #15	enumerationSet	Italy
F.19 Host member states #16	enumerationSet	Latvia
F.19 Host member states #17	enumerationSet	Liechtenstein
F.19 Host member states #18	enumerationSet	Lithuania
F.19 Host member states #19	enumerationSet	Luxembourg
F.19 Host member states #20	enumerationSet	Malta
F.19 Host member states #21	enumerationSet	Netherlands
F.19 Host member states #22	enumerationSet	Norway
F.19 Host member states #23	enumerationSet	Poland
F.19 Host member states #24	enumerationSet	Portugal
F.19 Host member states #25	enumerationSet	Romania
F.19 Host member states #26	enumerationSet	Slovakia
F.19 Host member states #27	enumerationSet	Slovenia
F.19 Host member states #28	enumerationSet	Spain
F.19 Host member states #29	enumerationSet	Sweden
Part G - Information on rights and obligations attached to other tokens
G.1 Purchaser rights and obligations	textBlock	N/A
G.2 Exercise of rights and obligations	textBlock	N/A
G.3 Conditions for modifications of rights and obligations	textBlock	N/A
G.4 Future public offers	textBlock	N/A
G.5 Issuer retained other token	integer	1
G.6 Utility token classification	boolean	false
G.7 Key features of goods or services utility tokens	text	N/A
G.8 Utility tokens redemption	text	N/A
G.9 Non-trading request	boolean	true
G.10 Other tokens purchase or sale modalities	text	N/A
G.11 Other tokens transfer restrictions	text	None. Trading platforms may of their own accord impose restrictions on those who may transact in or hold the tokens via their platform.
G.12 Supply adjustment protocols	boolean	false
G.13 Supply adjustment mechanisms	text	N/A
Other token schemes details
G.14 Token value protection schemes	boolean	false
G.15 Token value protection schemes description	textBlock	N/A
G.16 Compensation schemes	boolean	false
G.17 Compensation schemes description	textBlock	N/A
G.18 Applicable law	textBlock	There is no written legal agreement between the issuer and the crypto asset-holder that sets out the laws that govern the legal relationship between those two parties in relation to the token. In the absence of such an agreement, the laws that govern that relationship will therefore depend on the location of the issuer and the given crypto asset-holder and characteristic performance of the legal relationship, and any agreed intention of the issuer and crypto asset-holder.
G.19 Competent court	textBlock	There is no written legal agreement between issuer and the crypto asset holder that sets out the laws that govern the legal relationship between those two parties. In the absence of such an agreement, the competent court with respect to disputes or claims between those two parties relating to the token will depend on the location of the issuer and the given crypto asset-holder and characteristic performance of the legal relationship, and any agreed intention of the issuer and crypto asset holder.
Part H – Information on underlying technology
H.1 Distributed ledger technology (DTL)	text	The Solana blockchain is a high-performance, permissionless, decentralized blockchain built to support scalable applications and crypto-assets. The Solana blockchain is capable of processing vast numbers of transactions per second. This scalability is achieved through the implementation of Proof of Stake (PoS), and Proof of History (PoH) mechanisms. Transaction fees on Solana are significantly lower than other major blockchains, making it a highly attractive platform for transactions and trading. PoH serves as a cryptographic timestamp that establishes a historical record of transactions. PoH optimizes transaction validation by enabling nodes to agree on the order and time of transactions without extensive communication overhead, allowing for high-speed processing.
H.2 Protocols and technical standards	text	See H.1
H.3 Technology used	textBlock	See H.1
H.4 Consensus mechanism	text	See H.1
H.5 Incentive mechanisms and applicable fees	text	See H.1
H.6 Use of distributed ledger technology	boolean	false
H.7 DLT functionality description	textBlock	N/A
Other token audit details
H.8 Audit	boolean	false
H.9 Audit outcome	textBlock	N/A
Part I - Information on risks
I.1 Offer-related risks	textBlock	Admission to a centralized trading platform entails exposure to security risks intrinsic to the trading platform, such as exploits, hacks or other vulnerabilities in the security infrastructure used by the trading platform operator. Similar risks may exist in platforms without an operator. In addition to the security risks, usage of the trading platform's trading infrastructure may introduce liquidity risks specific to the platform. Similarly, the trading platform might bring about its own solvency risk and regulatory risk.
I.2 Issuer-related risks	textBlock	No obligation to maintain operations: There is no legal obligation for DeFi Development Corp. to continue its activities. It may choose to dissolve, become inactive, or change its legal status at any time. While the issuer's continued existence is not essential to token functionality, its absence would remove any remaining central point of contact. No liability or contractual relationship: Holders of DONT do not enter into any agreement with the issuer, nor does the issuer assume any explicit or implied responsibility toward token holders. The issuer provides no warranties, rights, redemption options, or commitments regarding token value, exchange access, or functionality. In the event of damages, loss of funds, or token failure, the issuer disclaims any liability. Regulatory Risks: While the issuer has not been subject to major enforcement actions, any future scrutiny could impact the token. Any changes in international regulatory frameworks may expose the issuer to legal obligations it is not able or prepared to meet, resulting in suspension of services or delisting from trading platforms. Risk of Sale: DeFi Development Corp. will hold 30% of the tokens created and has stated that there is no intend to sell any of those token. However, the position of DeFi Development Corp. may change in the future. To help mitigate any potential conflict the issuer has adopted a sales plan for additional tokens held to mitigate any potential conflict and has prohibited any of its employees of the issuer from buying tokens at any point after launch. Short term volatility: Only some of those granted tokens at TGE are subject to restrictions on trading. Therefore, there may be short term volatility if some of those parties decide to sell tokens that have been granted.
I.3 Other tokens-related risks	textBlock	Market Risks: Like other crypto assets, DONT may be subject to significant price volatility or liquidity conditions, driven by factors such as macroeconomic events, investor sentiment, speculation, and broader crypto market trends. Regulatory Risks: Like other crypto assets, global compliance requirements are varied, ranging from sanctions to AML rules and may apply to DONT distribution and custody. Regulatory action can result in trading restrictions, delisting from exchanges, or legal exposure for holders. Furthermore, while centralised exchanges apply KYC/AML rules, decentralised access points or bridge integrations may expose users to regulatory inconsistencies. Operational Risks: As is the case for crypto assets in general, DONT holders face the standard risks of key mismanagement, which can result in irreversible loss of funds in the context of the immutability of the Solana network. Privacy and Taxation Risks: For all crypto assets, on-chain activity is traceable and subject to forensic analysis. Tax treatment of crypto assets varies by jurisdiction, and the lack of harmonised rules complicates compliance for multi-regional users. Technological Risks: Smart contracts may include bugs or vulnerabilities in the code of the smart contract. This may also apply to DONT. There is also the possibility of malicious acts by third parties in relation to the DONT token or smart contract that may result in detrimental effects to token holders
I.4 Project implementation-related risks	textBlock	Quality Assurance: exploits and bugs cannot be excluded and any performance or vulnerabilities could impact DONT's value. Dependencies: Although DONT is a community-led project, the issuer's reputation and business success may nevertheless affect community enthusiasm around DONT. Similarly, third-party platforms' decisions to list or delist DONT may significantly affect liquidity or the value of the token. Adoption by Users: Memecoin project success is predicated on community adoption, cultural engagement and virality. Failure to achieve or a loss of network effects, including as a result of ineffective or failed attempts to promote the token that may be undertaken by the issuer or other community members would impact the value proposition of the project. Broader Market Trends: Rather than existing in a vacuum, DONT is part of the broader memecoin ecosystem and its success may be tied to the success of memecoins more generally. Public discourse and social attention cycles around memecoins may also have a positive or negative impact on DONT's value. No Guarantee of Third Party Execution: Although various collaborations have been announced in social media channels, these are not necessarily governed by formal contracts and may be organic instead. Measurable impact may not be completely achieved and there is no dispute resolution mechanism or follow-up obligation
I.5 Technology-related risks	textBlock	Network Security: Base layer security problems cannot be excluded in principle and are thus a risk that also affects DONT. Attacks on Network Access and Specific Services: Vulnerabilities in Infrastructure around the blockchain, such as wallets, pose attack surfaces for users
I.6 Mitigation measures	textBlock	Offer-Related Risks: By selecting Kraken as the platform for admission to trading, a platform that undergoes regular security audits, maintains robust reserve practices, has a significant user base, and is subject to supervisory oversight in multiple jurisdictions was selected, reducing the likelihood of the listed risks. Issuer-Related Risks: No central roadmap was announced, meaning there cannot be deviations from the same. The issuer and other community members intend to promote community engagement activities to build a thriving, self-sustaining community that does not require issuer engagement. Crypto-Asset-Related Risk Mitigations: Listing of DONT on reputable trading platforms is pursued with a view to reducing regulatory and liquidity risks.
Part J - Information on the sustainability indicators in relation to adverse impact on the climate and other environment-related adverse impacts
J.1 Adverse impacts on climate and other environment-related adverse impacts	textBlock	N/A
Mandatory information on principal adverse impacts on the climate and other environment-related adverse impacts of the consensus mechanism
General information about adverse impacts
S.1 Name	text	DeFi Development Corporation
S.2 Relevant legal entity identifier	text	US-DE
S.3 Name of the crypto-asset	text	Name: DisclaimerCoin Ticker: DONT
S.4 Consensus mechanism	text	DONT is a token, not a network and as such it does not have its own consensus mechanism
S.5 Incentive mechanisms and applicable fees	text	Solana uses a combination of Proof of History (PoH) and Proof of Stake (PoS) to secure its network and validate transactions. Incentive Mechanisms: 1. Validators: - Staking Rewards: Validators are chosen based on the number of SOL tokens they have staked. They earn rewards for producing and validating blocks, which are distributed in SOL. The more tokens staked, the higher the chances of being selected to validate transactions and produce new blocks. - Transaction Fees: Validators earn a portion of the transaction fees paid by users for the transactions they include in the blocks. This provides an additional financial incentive for validators to process transactions efficiently and maintain the network's integrity. 2. Delegators: - Delegated Staking: Token holders who do not wish to run a validator node can delegate their SOL tokens to a validator. In return, delegators share in the rewards earned by the validators. This encourages widespread participation in securing the network and ensures decentralization. 3. Economic Security: - Slashing: Validators can be penalized for malicious behavior, such as producing invalid blocks or being frequently offline. This penalty, known as slashing, involves the loss of a portion of their staked tokens. Slashing deters dishonest actions and ensures that validators act in the best interest of the network. - Opportunity Cost: By staking SOL tokens, validators and delegators lock up their tokens, which could otherwise be used or sold. This opportunity cost incentivizes participants to act honestly to earn rewards and avoid penalties. Fees Applicable on the Solana Blockchain Transaction Fees: 1. Low and Predictable Fees: Solana is designed to handle a high throughput of transactions, which helps keep fees low and predictable. The average transaction fee on Solana is significantly lower compared to other blockchains like Ethereum. 2. Fee Structure: Fees are paid in SOL and are used to compensate validators for the resources they expend to process transactions. This includes computational power and network bandwidth. 3. Rent Fees: State Storage: Solana charges rent fees for storing data on the blockchain. These fees are designed to discourage inefficient use of state storage and encourage developers to clean up unused state. Rent fees help maintain the efficiency and performance of the network. 4. Smart Contract Fees: Execution Costs: Similar to transaction fees, fees for deploying and interacting with smart contracts on Solana are based on the computational resources required. This ensures that users are charged proportionally for the resources they consume.
S.6 Beginning of period to which disclosed information relates	date	2024-12-23
S.7 End of period to which disclosed information relates	date	2026-01-09
Mandatory key indicator
S.8 Energy consumption	energy (kWh)	41.2
Sources and methodologies
S.9 Energy consumption sources and methodologies	textBlock	The energy consumption of this asset is aggregated across multiple components: To determine the energy consumption of a token, the energy consumption of the network(s) solana is calculated first. For the energy consumption of the token, a fraction of the energy consumption of the network is attributed to the token, which is determined based on the activity of the crypto-asset within the network. When calculating the energy consumption, the Functionally Fungible Group Digital Token Identifier (FFG DTI) is used - if available - to determine all implementations of the asset in scope. The mappings are updated regularly, based on data of the Digital Token Identifier Foundation. The information regarding the hardware used and the number of participants in the network is based on assumptions that are verified with best effort using empirical data. In general, participants are assumed to be largely economically rational. As a precautionary principle, we make assumptions on the conservative side when in doubt, i.e. making higher estimates for the adverse impacts. The DONT token is issued on the Solana blockchain. According to the Solana Foundation's Energy Impact Report, the Solana network consumes approximately 0.00412 watt hours (Wh) per transaction on average. For the purposes of this whitepaper, the issuer estimates the annual energy consumption attributable to DONT by applying this per transaction energy figure to the expected number of Solana onchain transactions directly associated with DONT activity, including token transfers and decentralized exchange interactions. Based on projected usage scenarios, even at relatively high levels of adoption, the resulting annual energy consumption remains low in absolute terms. For example, 10 million DONT related transactions per year would correspond to approximately 41.2 kilowatt hours (kWh) of energy consumption, while 100 million transactions per year would correspond to approximately 0.412 megawatt hours (MWh). These estimates are forward looking, depend on actual network usage, and may vary over time. Trading activity that occurs on centralized exchanges is generally executed offchain within the exchanges' own infrastructure. Due to the absence of standardized, issuer verifiable methodologies for allocating centralized exchange energy usage to individual tokens, such activity is not included in the quantitative estimate above. As a result, the disclosed figures focus on energy consumption at the blockchain validation layer, which is the primary scope of consensus related energy use under the Solana network.
Supplementary information on principal adverse impacts on climate and other environment-related adverse impacts of consensus mechanism
Supplementary key indicators
S.10 Renewable energy consumption	percent
S.11 Energy intensity	energy (kWh)
S.12 Scope 1 DLT GHG emissions - controlled	GHG emissions (tCO2e)
S.13 Scope 2 DLT GHG emissions - purchased	GHG emissions (tCO2e)
S.14 GHG intensity	GHG emissions (tCO2e)
Sources and methodologies
S.15 Key energy sources and methodologies	textBlock	N/A
S.16 Key GHG sources and methodologies	textBlock	N/A
Optional information on principal adverse impacts on the climate and on other environment-related adverse impacts of the consensus mechanism
Optional indicators
S. 17 Energy mix	percent
S.18 Energy use reduction
Energy use reduction target (absolute value)	energy (kWh)
Energy use reduction target (percentage)	percent
S.19 Carbon intensity (kgCO2e/kWh)	decimal
S.20 Scope 3 DLT GHG emissions - value chain	GHG emissions (tCO2e)
S.21 GHG emissions reduction targets or commitments	textBlock	N/A
S.22 Generation of waste electrical and electronic equipment (WEEE)	mass (tonnes)
S.23 Non-recycled WEEE ratio	percent
S.24 Generation of hazardous waste	mass (tonnes)
S.25 Generation of waste (all types)	mass (tonnes)
S.26 Non-recycled waste ratio (all types)	percent
S.27 Waste intensity (all types)	mass (tonnes)
S.28 Waste reduction targets or commitments (all types)	textBlock	N/A
S.29 Impact of use of equipment on natural resources	textBlock	N/A
S.30 Natural resources use reduction targets or commitments	textBlock	N/A
S.31 Water use	volume (m3)
S.32 Non recycled water ratio	percent
Sources and methodologies
S.33 Other energy sources and methodologies	textBlock	N/A
S.34 Other GHG sources and methodologies	textBlock	N/A
S.35 Waste sources and methodologies	textBlock	N/A
S.36 Natural resources sources and methodologies	textBlock	N/A