A7A5

Old Vector was registered in Kyrgyzstan on 13 December 2024 and launched A7A5 on Tron and Ethereum in 2025. The project describes each unit as one rouble backed by one rouble of bank deposits. EU authorities later identified Old Vector as issuer and said the deposits sit in accounts at PSB Bank, a Russian state-owned bank associated with the project.

The reserve statement answers how the issuer says it supports the price. It does not complete the holder's legal map. The website terms choose Kyrgyz law and courts, reserve the right to refuse service, and exclude the US market. The whitepaper page says its contents create no legal obligations. CoinYQ therefore treats the 1:1 statement as an attributed reserve and peg claim, not proof that every anonymous bearer owns or can directly withdraw a segregated rouble.

The public FAQ does not instruct holders to present tokens directly to Old Vector. It points them to ecosystem platforms or accredited agents. No reviewed public document fixes universal eligibility, KYC rules, minimum size, fees, settlement time or a direct issuer covenant for every wallet. Secondary-market selling, agent redemption and a legal claim on reserve cash are three different exits.

This gap becomes more important when liquidity or banking access is stressed. The project's own risk page admits that custody failures, rule changes and delistings can affect trading or redemption. Weekly reserve figures and quarterly audit claims are useful snapshots, but a balance comparison cannot itself establish segregation, bankruptcy priority or the availability of a compliant payout channel.

The verified Ethereum contract is a rebasing token rather than a plain fixed-balance ERC-20. Its immutable owner can issue and burn, pause and unpause transfers, and set a transfer-fee rate. An immutable compliance address can blacklist a wallet and destroy its balance. An immutable accountant can raise or lower totalLiquidity, changing the amount represented by each holder's shares.

The implementation is not an upgradeable proxy and exposes no upgrade function. That limits silent code replacement at this address, but it does not decentralize day-to-day operation. The fixed keys retain broad powers, and the project can deploy adjacent contracts: official documentation already marks an earlier wA7A5 wrapper unsupported and names a replacement.

Income policy also sits with the issuer and accountant. Current pages say that from 9 February 2026 holders receive nearly all deposit income according to the Bank of Russia key rate minus one point. FAQ says distribution occurs within 24 hours after bank payments are received; banks credit interest only on business days. Older terms and wrapper text still say 50%. The code can distribute a liquidity adjustment; it cannot prove the bank earned the amount or turn the changing website formula into an immutable obligation.

On 14 August 2025, OFAC designated Old Vector and described A7A5's role in moving balances from Garantex to Grinex. The UK record began its Old Vector designation on 20 August. On 23 October, the EU listed Old Vector, naming PSB Bank and A7 connections. These are government findings and legal actions, not inferences from token flows.

Wallets not blocked by the token contract or compliance role may still transfer tokens on-chain, but the lawful services around them can shrink. Exchanges can delist, banks can reject settlement and agents can refuse redemption. The Ethereum compliance address can also blacklist a wallet and destroy its balance. A7A5’s first year exposed the difference between on-chain transferability and access to cash redemption through an issuer and its intermediaries.