I
Article the first
Purpose
The fund exists to pool long-horizon capital around the densest oil flow on earth — production, refining, shipping, and storage — where scale decides who sets the price and who pays it.
Energy Security Is The Century's Hardest Currency.
China moves more crude than any nation in history. COAF is a charter-bound asset framework built around that flow — carried on-chain as $COAF on Solana, allocated with discipline, accounted for in the open.
Launching on Solana
Buy $COAF on Coinbase
CA
Published at launch
The Window Opens Soon
Position is established before consensus arrives. The countdown is public — the conviction is not.
00Days
00Hours
00Minutes
00Seconds
11.2M BBL/D
Crude oil imported by China every day — the largest buyer of oil the market has ever known.
China customs data, 202418.4M BBL/D
Refining capacity installed in China — the largest of any nation on earth, and still expanding.
US EIA72%
Share of China's crude supply that arrives from abroad. Dependence at this scale makes storage a matter of state.
CNPC ETRI estimatesThe charter
Three articles govern everything the fund does.
A trust is only as strong as the document that binds it. The COAF charter is short by design — short enough to be read, strict enough to be held to.
II
Article the second
Stewardship
Capital is allocated by mandate, never by momentum. Every deployment must trace to a mandate, a target weight, and a named steward. What cannot be justified is not allocated.
III
Article the third
Transparency
The ledger is open — and on Solana, it is public by construction. Allocations, weights, and stewardship reports are published on a fixed calendar, not when convenient, but when due.
The four mandates
The charter enumerates four mandates. There is no fifth.
Every allocation the fund makes falls under one of these. Discipline is not choosing what to hold — it is refusing what falls outside.
壹Mandate I
Upstream
Fields, rigs and production contracts — exposure begins at the wellhead, where every barrel the century burns is first counted.
貳Mandate II
Midstream
Pipelines, ports and the tanker fleet. Between the well and the refinery sits the infrastructure that turns crude into leverage.
參Mandate III
Downstream
Refining and petrochemicals — where China already leads the world, and where the margin is made barrel after barrel.
肆Mandate IV
Reserve
Strategic storage. A barrel in the tank is optionality — against shocks, against embargoes, against the price itself.
“Every era chooses its reserve asset. This one still flows through pipelines.”
藏油于民 — oil held by the many
Allocation framework
Target weights, fixed by charter. Published, then honoured.
The framework below is the fund's declared discipline: where capital is directed, in what proportion, and how much is held back. Actual weights are reported against these targets every quarter.
Upstream productionMandate I
30%
Refining & petrochemicalsMandate III
25%
Midstream & shippingMandate II
20%
Strategic storageMandate IV
10%
Trading & logisticsCross-mandate
10%
Reserve & liquidityHeld back
5%
Total framework
100%
Targets defined by the charter · actual weights published quarterly
Capital migration
When oil revenue moves, a portion flows through COAF.
Oil is the largest commodity trade on earth, and its revenue is always looking for a home. The framework gives that flow a destination — one register, four mandates, published weights.
Capital inflow
Streaming → $COAF
01Petro-state & sovereign funds22%
02NOC treasuries18%
03Pensions & insurance16%
04Private credit14%
05Refiners & traders10%
06Family offices8%
07Retail & community7%
08Recycled reserves5%
Illustrative model — not a measure of live flows
The instrument
One token carries the trust: $COAF, on Solana.
Participation in the fund is held as $COAF. No accounts to open, no gatekeepers to pass — a position is taken on-chain, in the open, and the same ledger that settles it is the one the charter reports against.
Three steps stand between you and a position. Most people finish them in under ten minutes.
1
Get a Solana wallet
Phantom or Solflare, on mobile or in the browser. Your wallet is your register entry — no sign-up beyond it.
2
Fund it with SOL or USDC
Buy on Coinbase — or any major exchange — and withdraw to your wallet address on the Solana network.
3
Swap for $COAF
Paste the contract address below into your wallet's swap tab or your DEX of choice. Verify the CA against this page — always.
The instrument
$COAF
SPL · Solana
NetworkSolana
StandardSPL Token
RegisterPublic on-chain ledger
Supply1,000,000,000
Tax0 / 0
LiquidityBurned at launch
CA
Published at launch
Verify the contract address on this page before any swap
The four phases
A fund is built in order, or it is not built at all.
Phase I
Formation
The charter is ratified, the mandates fixed, and the register opened. Everything that follows inherits its legitimacy from this phase — which is why it is not rushed.
In progress — MMXXVI
Phase II
Capitalisation
$COAF launches on Solana and participation opens. The contract address is published here first, and the community register grows alongside the ledger that accounts for it.
The window opens soon
Phase III
Deployment
First allocations are made across the oil value chain under the four mandates, each traced to a target weight and a named steward. The ledger begins its quarterly cadence.
Follows capitalisation
Phase IV
Stewardship
The permanent state of the fund: report, rebalance, renew. Phase IV does not end — it is what a trust looks like when it is working.
PermanentGovernance
Trust is a structure, not a sentiment.
Independent stewards
Stewards are named, term-limited, and answerable to the charter — not to any single participant, state, or sponsor.
Mandate-bound allocation
No deployment outside the four mandates, no weight beyond the framework. Exceptions require amending the charter, in public.
An open ledger
Allocations and stewardship reports are published on a fixed quarterly calendar, in full, for anyone to read — on the same chain that holds the token.
Participation
The world's energy order is being redrawn. Take your position.
Formation is under way. Take a position early, follow the register, and be there when the first allocations are published.