A loyalty token, plainly described.
WABLCoin (ticker: WABL) is the loyalty and utility token of the wealthABL platform, issued by Crescentic LLC, a New Jersey limited liability company. It is deployed as a fixed-supply ERC-20 contract on Base Mainnet at 0x10D31BE198238F6351E402E8AD02854cdA51e812 and is intended exclusively as a closed-loop loyalty instrument for United States subscribers of wealthABL.
WABL is earned, not purchased. Subscribers accrue WABL through engagement with their financial life planning and estate execution work on the wealthABL platform — completing planning pillars, uploading documents, advancing through their journey, and meeting retention milestones. WABL is earned through platform engagement; the rate is modulated by a loyalty tier (Bronze through Platinum) based on cumulative lifetime WABL earned.
WABL is redeemed, not traded. Subscribers apply earned WABL against platform services across six redemption categories — AI insights and reports, docABL document services, curated merchandise, passABL professional services, wealthABL subscription credits, and tokenizABL minting fees. WABL is valued at $0.04 per token as a fee credit at the point of redemption.
WABL is custodial. Subscriber balances are held in platform-managed wallets administered by Crescentic LLC. Subscribers do not hold private keys, do not transact with the contract directly, and are not exposed to the operational complexities of self-custody.
WABL is not an investment. There is no public sale, no presale, no initial coin offering, no liquidity pool, no facilitated secondary market, and no expectation of profit from the efforts of others.
WABLCoin is not a cryptocurrency in the speculative sense. It is a closed-loop loyalty currency operated on public infrastructure for transparency and verifiability — not for trading.
Who is responsible for this token.
WABLCoin is issued and operated by Crescentic LLC, a single-member limited liability company organised under the laws of the State of New Jersey in 2018. Crescentic LLC is the parent entity for the wealthABL platform and the broader portfolio of products under the tokenizABL issuance infrastructure.
- Legal name
- Crescentic LLC
- Form
- Single-member limited liability company
- Jurisdiction
- New Jersey, United States
- Year of formation
- 2018
- Sole member
- Glen Bover
- Successor entity
- Bover Family Trust
- Registered agent
- Rocket Lawyer Corporate Services LLC
- Registered office
- 349 Kinderkamack Road, Westwood, NJ 07675, Bergen County
- Operating platform
- wealthABL · wealthabl.com
- Issuance plumbing
- tokenizABL infrastructure
- Treasury controller
- Safe multi-signature wallet
- Treasury address
- 0x45407C67fa49dd001ddB58106185b8c6E8ADdaA9
On-chain definition.
WABLCoin is implemented as a standard ERC-20 fungible token on Base Mainnet, the Layer 2 network operated by Coinbase. Base was selected for low transaction cost appropriate for loyalty-scale activity, alignment with the United States regulatory environment, and native EVM compatibility.
- Token name
- WABLCoin
- Token symbol
- WABL
- Token standard
- ERC-20 (OpenZeppelin reference implementation)
- Network
- Base Mainnet
- Chain ID
- 8453
- Contract address
- 0x10D31BE198238F6351E402E8AD02854cdA51e812
- Decimals
- 18
- Total supply
- 1,000,000,000 WABL (one billion, fixed)
- Inflation
- None · no minting function exposed post-deployment
- Source verification
- Verified on Basescan
- Treasury address
- 0x45407C67fa49dd001ddB58106185b8c6E8ADdaA9
The contract is the standard OpenZeppelin ERC-20 implementation with no custom transfer restrictions, no time-lock, no blacklist, and no upgrade proxy. The total supply was minted at deployment and assigned in full to the treasury address.
How the supply is allocated.
The fixed supply of one billion WABL was minted in full at contract deployment and assigned to the Crescentic LLC treasury address. From the treasury, supply is allocated to four pools:
| Pool | Allocation | Amount | Purpose |
|---|---|---|---|
| Subscriber Earn Pool | 60% | 600,000,000 | Distributed to wealthABL subscribers through earn rules over the operating life of the platform. |
| Treasury Reserve | 25% | 250,000,000 | Held by Crescentic LLC for platform operations, programme corrections, and long-term programme stability. |
| Operational & Partner | 10% | 100,000,000 | Reserved for partner integrations, professional network onboarding, and other operational uses. |
| Liquidity Provision | 5% | 50,000,000 | Reserved at Crescentic's discretion for future market-making activity, should secondary market structure ever be enabled. |
Subscription tiers (feature access and transfer eligibility).
WABL is distributed to subscribers exclusively through earn activity on the wealthABL platform. There is no public sale, presale, private sale, or initial coin offering. Subscribers cannot purchase WABL with cash or other tokens.
| Subscription tier | Billing | Transfer eligibility |
|---|---|---|
| Foundations | Non-paying (default on signup) | WABL earned at this tier is not transferable. |
| Essentials | Paying | Transferable, subject to §06. |
| Legacy | Paying | Transferable, subject to §06. |
| Dynasty | Paying | Transferable, subject to §06. |
Loyalty tiers (earn multiplier).
Loyalty tier is determined by cumulative lifetime WABL earned and applies a multiplier to ongoing earn events. Lifetime earned is uncapped; the multiplier ratchets up as thresholds are crossed.
| Loyalty tier | Cumulative lifetime earned | Earn multiplier |
|---|---|---|
| Bronze | 0 WABL | 1.0× |
| Silver | 1,000 WABL | 1.1× |
| Gold | 5,000 WABL | 1.25× |
| Platinum | 15,000 WABL | 1.5× |
Redeemable balance cap.
A subscriber's redeemable balance is capped at 15,000 WABL; cumulative lifetime earned is uncapped and drives loyalty-tier progression.
Six categories. One token.
WABL is redeemable exclusively at wealthABL for platform services across six categories, identified by the letters A, D, M, P, S, and T.
| Class | Category | Redeemable against |
|---|---|---|
| A | AI Insights & Reports | AI-generated analytics, scenario modelling, Lacuna Index access tiers, and personalised insight artifacts. |
| D | docABL Redemptions | Notarisation credits, document generation, e-signature sessions, and document vault overage storage. |
| M | Merchandise | Physical merchandise and curated marketplace items sourced through partner programmes. |
| P | Professional Services | Introductions to and engagements with passABL professional network members. |
| S | Subscription & Services | wealthABL platform subscription fees, tier upgrades, and platform service fees. |
| T | tokenizABL Redemptions | tokenizABL minting fees, Forever Gift storage seal fees, and other tokenizABL services. |
Redemption valuation.
WABL is valued at $0.04 per token as a fee credit against wealthABL platform services. A subscriber holding 1,000 WABL has $40 in fee credit at wealthABL — sufficient, in typical use, to cover notarisation, document generation, and an e-signature session in a single estate-planning engagement.
Two balances.
Subscribers see two balances: on-chain wallet balance (visible on Basescan) and redeemable balance (WABL credited through wealthABL-managed events). WABL received from non-wealthABL sources is not redeemable.
See also the wealthABL Rewards Program.
Public infrastructure, private circulation.
WABLCoin operates on a public blockchain — Base Mainnet — for transparency and verifiability rather than for trading. The contract is verified, the supply is auditable on-chain, and any party may inspect the treasury, distribution flow, and redemption activity at any time.
Despite this public deployment, WABLCoin is operated as a closed-loop loyalty programme. There is no liquidity pool, no DEX listing, and no facilitated secondary market.
Custody.
Subscriber WABL balances are held in a custodial arrangement administered by Crescentic LLC. Subscribers do not hold private keys and are not subject to the operational risks of self-custody.
Transferability.
[DRAFT, COUNSEL REVIEW BEFORE PUBLISH] Limited subscriber-to-subscriber transfer is enabled in two circumstances only: at account closure (to a designated beneficiary) and at death (via a support case with proper authorization). Transfer eligibility is limited to WABL earned during a paying-tier subscription with fees paid; WABL earned at Foundations is never transferable. There is no open peer-to-peer transfer surface, no liquidity pool, no DEX listing, and no facilitated secondary market. These transfers are a closed-loop estate-continuity feature, not a market.
Geographic scope.
WABLCoin is intended exclusively for United States subscribers of wealthABL. The platform geo-fences subscription onboarding to United States residents.
Who controls what.
The WABLCoin treasury is held at 0x45407C67fa49dd001ddB58106185b8c6E8ADdaA9, a Safe multi-signature wallet controlled by Crescentic LLC. All distributions require multi-signature authorisation.
WABLCoin is not a governance token. Holders of WABL do not vote on protocol upgrades, treasury decisions, redemption catalogue changes, or earn rule adjustments. All such decisions are made by Crescentic LLC as the issuer.
This non-governance posture is deliberate. The legal posture of WABL as a non-security depends on the absence of investor-style governance rights.
Why WABLCoin is not a security.
Crescentic LLC takes the position that WABLCoin is not a security under the United States federal securities laws, based on the four-prong test established in SEC v. W.J. Howey Co., 328 U.S. 293 (1946).
Application of Howey.
Investment of money. WABL is not sold to subscribers. Subscribers do not exchange cash, cryptocurrency, or any other consideration to acquire WABL — it is earned through engagement.
Common enterprise. Each subscriber's WABL balance is determined by their individual platform engagement. There is no horizontal commonality between subscribers and no vertical commonality with the issuer.
Expectation of profit. WABL is presented exclusively as a loyalty currency redeemable at a fixed fee-credit valuation of $0.04 per token. Crescentic LLC explicitly disclaims any expectation that WABL will appreciate.
Efforts of others. WABL's value is fixed at $0.04 per token at the redemption surface. Crescentic's effort generates platform services that WABL is redeemable against — not token appreciation.
This analysis is the position of Crescentic LLC. It has not been reviewed or confirmed by the SEC, the CFTC, any state securities regulator, or any other governmental authority. Prospective parties are encouraged to consult their own legal counsel.
United States tax framework.
All tax logic for WABLCoin is built around the United States federal tax regime. Crescentic LLC is not a tax advisor; the discussion below is summary information for orientation rather than tax advice.
Earn events. WABL earned by a subscriber may constitute taxable income at the fair market value on the date of earn ($0.04 per WABL). Subscribers may receive an IRS Form 1099 from wealthABL where applicable.
Redemption events. Redemption is generally treated as the subscriber spending fee credit against a service expense — similar in tax character to redeeming credit card rewards points.
Holding periods. Because WABL is not tradeable on a secondary market and is not intended to appreciate, WABL is not held by subscribers as an investment.
State and local tax. Subscribers should consult their tax advisors regarding state and local implications, which vary by jurisdiction.
Identity, sanctions, and platform compliance.
All wealthABL subscribers complete identity verification at onboarding — legal name, date of birth, residential address, and government-issued identification — through industry-standard KYC providers.
All subscribers are screened against the United States Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) list and other applicable sanctions lists at onboarding and periodically thereafter. Any subscriber identified on a sanctions list is denied platform access, and any WABL balance is frozen.
Crescentic LLC monitors the WABLCoin programme for unusual patterns consistent with structuring, money laundering, or sanctions evasion. Suspicious activity is reported to the appropriate United States financial regulator.
What can go wrong, plainly stated.
Platform dependency.
WABL has value only at the wealthABL redemption surface. If wealthABL discontinues operations or alters the fee-credit valuation, the practical utility of WABL changes accordingly.
No secondary market.
WABL has no facilitated secondary market. Subscribers cannot sell WABL for cash or other consideration through any platform-supported channel.
Custodial risk.
Subscriber balances are held by Crescentic LLC. Loss, theft, or operational failure could affect subscriber balances.
Smart contract risk.
Although the contract is a standard OpenZeppelin ERC-20, all smart contracts carry residual risk of undiscovered defects or unforeseen interactions.
Regulatory risk.
Future guidance from the SEC, CFTC, FinCEN, IRS, or state regulators could affect the operation, tax treatment, or legal posture of the WABLCoin programme.
Securities reclassification risk.
Although Crescentic takes the position that WABL is not a security, this position has not been reviewed by the SEC. A reclassification would have significant consequences for the programme.
Programme adjustment risk.
Crescentic LLC reserves the right to adjust earn rules, base values, tier multipliers, redemption catalogue, and fee-credit valuation at its discretion.
Tax risk.
WABL earn and redemption events have tax consequences that depend on the subscriber's individual circumstances.
Identity and AML risk.
Subscribers identified as sanctioned parties or as engaging in suspicious activity may have their WABL balances frozen or forfeited.
WABLCoin is not an investment. Crescentic LLC makes no representation, warranty, or guarantee regarding the future value, utility, or continuation of WABL.
Where to confirm everything.
Every claim in this whitepaper is verifiable through public records. The table below identifies the canonical source of truth for each verifiable fact.
- Contract deployment
- basescan.org/token/0x10D3…e812
- Verified source code
- basescan.org/address/0x10D3…e812#code
- Treasury balance
- basescan.org/address/0x4540…daA9
- Token registry
- github.com/crescentic/wablcoin-registry
- Issuer website
- crescentic.ai
- Operating platform
- wealthabl.com
Direction, not commitment.
Foundation
Contract deployment to Base Mainnet (complete). Treasury and Safe configuration. Public registry repository. Public-facing whitepaper.
Subscriber distribution
Roll-out of earn rules across the wealthABL platform. Activation of the docABL D-class redemption surface. Tier multiplier enforcement. Subscriber balance dashboard.
Recognition layer
Trust Wallet asset registry submission. CoinGecko listing application. CoinMarketCap submission. IPFS pinning of canonical assets.
Programme breadth
Activation of A-, M-, P-, S-, and T-class redemption surfaces in sequence. Expansion across passABL professional network.
Governance maturity
Operating agreement updates. IP assignment review. Trademark prosecution.
Optional uplifts
Liquidity provision. Cross-chain bridges to other EVM networks. All subject to legal and economic review.
Of record.
- Issuer
- Crescentic LLC
- Form
- Single-member limited liability company
- Jurisdiction
- New Jersey, United States
- Year of formation
- 2018
- Sole member
- Glen Bover
- Successor entity
- Bover Family Trust
- Registered agent
- Rocket Lawyer Corporate Services LLC
- Registered office
- 349 Kinderkamack Road, Westwood, NJ 07675, Bergen County
- Operating platform
- wealthabl.com
- Issuer website
- crescentic.ai
- Token registry
- github.com/crescentic/wablcoin-registry
- General contact
- info@crescentic.ai
- Legal contact
- legal@crescentic.ai
- Rewards program
- wealthabl.com/wealthabl-rewards
Disclosures.
No-action letter. Crescentic LLC has not received a no-action letter or other formal guidance from the SEC regarding the regulatory treatment of WABLCoin. The securities posture set forth in section 08 represents the position of Crescentic LLC and has not been confirmed by any governmental authority.
Trademark. WABLCoin, wealthABL, tokenizABL, docABL, passABL, PayBax, RoleCanvas, Lacuna Index, E-ZKonnex, Corporate Action Chain, and the Crescentic mark are trademarks of Crescentic LLC.
Document version. This is version 1.0 of the WABLCoin whitepaper, dated May 2026. Material changes will be reflected in amended versions, dated and recorded in the registry.
Forward-looking statements. This whitepaper contains forward-looking statements subject to risks and uncertainties; actual outcomes may differ materially.
"What's visible is only a fraction of what's possible." — Crescentic LLC