Two percent of the supply was sent to the man who ran the original market, now free. He holds it under the pseudonym he traded under.

It is excluded from circulating supply alongside the sealed vault, because neither is free float — the vault cannot move until Christmas Day, and this allocation is held rather than traded.

Because $SILK is a reward token, the position is not passive. Every transfer anywhere on the network pays a levy that is distributed to holders in wrapped bitcoin, so this wallet earns ฿ for as long as it stays put — it is paid to hold, not to sell.