WHITE PAPER

iKoin.com   -Intelligent Global Currency-

Introduction   

The visionaries behind iKoin understood from the beginning that to achieve a goal of creating an intelligent global currency, they would need more than a simple coin/token, they would need an entire Ecosystem. Not only to capture and monitor the underlying asset, but also to allow future movement of that asset (into and out of the digital universe), and even to anticipate the re-conversion of the coin back to the original asset at the behest of the holder. They also foresaw the problem of moving digital tokens to and from the banking (fiat currency) universe and planned accordingly for that too. By anchoring itself to, Bitcoin and Ethereum, iKoin aims to become the premier global mechanism for digital asset distribution and settlement. This, in turn, distinguishes iKoin as the first standard digital currency, with the capability of global digital asset Exchange and Settlement (ES). This additionally permits the creation and function of the ‘Exchange Rate Index’ within the iKoin digital currency basket. iKoin, in this way, establishes for the first time a defined-value ES standard linked to traditional fiat financial digital tokens, to ultimately become a ‘true bridge’ to traditional financial systems. Over 100 banks worldwide have so far launched a digital asset ES system, constituting the beginnings of a digital asset ES network that will be global in scope.

Problem

The valuation of digital currencies is spurious at best and dangerous at worst. Everything is speculation and as such, the prices are extremely volatile, with little sign of this changing any time soon. For many who doubt or don’t understand cryptocurrencies, the prime concern is the lack of real-world value to the coins. Everything is based on supply and demand, with little else to justify the massive price fluctuations.

Solution

‘Blockchain’ what is it?  we first need to define a ledger. In accounting, a ledger is a computer file or a book where you can find a complete record of a company’s financial transactions throughout its life. Using this record, accounting officers can prepare the company’s financial statements. The ledger records financial information on liabilities, assets, expenses, revenues and owner’s equity. With the above information in mind, blockchain simple explanation would be a public or distributed ledger, meaning, the records it contains can be verified autonomously without the need to have a central entity. Accordingly, it is quite easy to discover without anyone else’s involvement, whether any tampering with your copy of the ledger has taken place. This essentially makes blockchain a public ledger that everybody can verify. A simple explanation of blockchain should include the fact that it is not just a public ledger, but a real-time public ledger that records practically anything that can be put on record, including contracts, financial transactions, information on supply chain, physical assets, etc. One major idea behind blockchain technology is that there is no one organization or person who oversees keeping this ledger. Instead, the ledger is open for everyone in the chain to see every detail of every record. Each of the records in this chain of records is referred to as a block. So, what does blockchain mean and how does the blockchain work? Think of blockchain as a long chain of records (financial transactions or otherwise) made up of blocks, with each block being each of the records that make up the long chain. Each block is encrypted and has a timestamp. The “owner” of each block is the only one who can edit it. Each owner has a private key that they can use to access their block. With every change that occurs to one block within a blockchain, the information on the change is distributed in real time to the rest of the blockchain.

Important points about Blockchain

50% of the total world population uses the internet but only 0.5% of the entire human population uses blockchain technology.

-Blockchain is still in its inception years, like where the web was two decades ago.

-Blockchains can be private or public (like internet versus intranet.)

-By 2024, the global market for blockchain is projected to be worth around $20 billion.

-The transparency nature of blockchains is a major selling point for the technology, given that anyone with a blockchain access can view the chain in its entirety.

-You can think of the blockchain as a Google document that has been shared with other users, and every change made to the document can be seen by everyone with access to the doc in real time. The ledger is always being updated and every participant has his own ledger copy.

-90% of people who know how blockchain works and how to use blockchain are in agreement that it definitely will disrupt the workings of the financial and banking industry. According to available estimates, banks could potentially save as much as $12 billion every year by introducing blockchain technology to their operations.

-Big multinationals are investing heavily into Blockchain technology, with the average investment in projects related to the technology standing at $1 million. IBM alone has employed around 1000 employees to work on blockchain related projects and dedicated $200 million to those endeavors.

-With the rise of blockchain, some jobs that are today coveted will become obsolete. All the same, the tech will create new careers and job opportunities that don’t exist today.

Explaining Blockchain using financial transactions

While the blockchain technology can be applied in many sectors, none has been as widely discussed, perhaps because of the far-reaching implications of its implementation, like the financial and banking industries. Therefore, any “blockchain for dummies” introduction to understanding blockchain technology should include explanations using the financial and banking industries. Blockchain explained through financial transactions might be easier to understand for the majority of people. In the traditional way of carrying out financial transactions, any payment from one entity to another always involves an intermediary. For example, if Martin intends to pay Joseph $50, he has two options: either give Joseph the $50 in cash or use a banking app to move the money from his account to Joseph’s bank account.

Use of a trusted third party

In either of these scenarios, a bank is the third party and an intermediary between the two men and serves to verify that the transaction has indeed taken place. When paying in cash, Martin’s money is verified when he withdraws it from an ATM. When transferring from his bank account through a banking application, the app verifies the transaction the moment he initiates a digital transfer. This essentially means that his bank decides whether or not the transaction should move forward. Additionally, his bank has the records of all the transactions that Martin makes and is tasked with the responsibility of updating this record every time Martin receives funds into his account or pays someone. Therefore, Martin’s bank has the ledger and controls it. As you can clearly see, the bank has a ton of responsibility. Therefore, it goes without saying that Martin needs to trust the bank if he is to risk keeping his money there. Martin must be persuaded that the bank has his best interests at heart, will not swindle him of his hard-earned cash, will not lose the money by robbery or otherwise and will always be there. This scenario captures the intricacies of the traditional financial transactions.

Eliminating the need for an intermediary or a central ledger

Now, what makes blockchain technology so revolutionary is the fact that it is entirely decentralized. It eliminates the need for an intermediary or a central ledger that only one entity holds and controls. Central to understanding blockchain is comprehending this major difference. It answers the question: where is the blockchain stored? Instead of a third party holding and controlling the ledger, blockchain makes it possible for the ledger to be distributed across a massive computer network, with each computer in the network (called node) holding a copy of the complete ledger. The computers are interconnected via a peer-to-peer (P2P) client software program. This program synchronizes all data across the network of computers in real time, making sure that everyone within the network has an exact copy of the updated ledger at all times. This is blockchain technology explained.

So, how does Blockchain technology work?

Whenever there is a new transaction in a blockchain, the first thing that happens is encryption. The transaction is encrypted and then added to a group of new transactions to form a block. This block is broadcast across the entire network of computers within the blockchain. Verification of the transaction takes place within each node, after which a record of the verified group of transactions can be added to everybody’s computer at the bottom of the ledger, further elongating this chain of records. Many books have been written in the last decade or so to explain the workings of blockchain technology. A recurrent theme in all ‘blockchain technology for dummies’ type of books is the fact that the technology, when used in to facilitate financial transactions eliminates financial institutions like banks and credit card companies. This brings up the question: how is blockchain technology able to eliminate these third parties and retain trust in the integrity of each transaction?

Ownership control and double spending prevention

It accomplishes this by providing strong ownership control and double spending prevention. To provide strong ownership control, blockchain technology uses digital signatures. Similar to the approach used in signed PDFs and secure emails, digital signatures are considered secure and robust. A user in the blockchain creates two different cryptography keys, keeps one key private and the other public. He uses the private key to sign his transactions. The public uses the second key to verify this transaction. In double-spending prevention, the blockchain technology makes it virtually impossible for users to spend their digital cash more than once. To do this, it makes every transaction that takes place within the blockchain irreversible. Every new transaction entry is linked (chained) to those that came before it as recorded in the ledger. This is done using complex math calculations that while difficult to repeat are quite easy to validate. Once there’s a new transaction added to the blockchain, undoing it would require an inordinate volume of computer resources to alter, essentially making that transaction permanent. As the ledger adds up more transactions, it becomes almost certainly impossible to change older transactions.

The potential and modern uses of blockchain technology

For most of us, any mention of blockchain immediately takes our minds to cryptocurrencies. While cryptocurrencies make up for the majority uses of blockchain technology, there are other areas where blockchain can be applied. Top among these other applications is the Ethereum network. First described by Vitalik Buterin in a 2013 white paper, the Ethereum network uses a Turing-complete language of computer programming that has the capacity to support all the essential operations needed to implement a algorithm. This makes it possible to manipulate that Ethereum blockchain with ease. Nevertheless, the use of blockchain is not limited to the Ethereum network. The following are other major uses and underlying potential of the blockchain as an innovative technology with the potential to disrupt the existing world system in many different industries. Needs to be altered to reflect iKoin…

Payment systems and digital currencies

Bitcoin leads the way in this front and there is every indication that the next few years will still see more use of the blockchain in payment systems and digital currencies. The introduction of Ethereum and such other better blockchains will boost the uptake of the technology as digital payments become faster, cheaper and easier. Using the blockchain, businesses will be in a position to eliminate transaction fees, which often eat into their profit margins as well as force them to sell their products a little more than they would if there were no transaction fees.

Online privacy

One big 21st century problem is online privacy concerns. This problem is so devastating and has contributed immensely to the slow adoption of new technology. This is because individuals and businesses fear passing on too much control to third parties that they have very little or no control over. By embracing the blockchain, people can comfortably and confidently use new technologies like cloud storage of personal information without fear that hackers or governments will get access to this information. 

Smart contracts explained

Smart contracts have been touted as the true building blocks of blockchain applications for the modern times. At the core of smart contracts is self-execution, code write-ups and blockchain enforcement. This means that a smart contract is designed using lines of code, executes itself without the intervention of a third party and after fulfillment of certain laid out conditions. Using smart contracts, you eliminate both enforcement costs and ambiguity, making all business transactions instantaneous. Blockchain-based solutions are gaining prominence in other industries, including real estate, government, healthcare, identity management, the automobile industry, etc. Investors and entrepreneurs are moving into this space and multinationals are exploring and testing this technology. While there is no telling how the world will be transformed when the blockchain goes mainstream, there is little doubt that we will soon see a brand-new generation of digital services and products as well as mind boggling applications designed using the Blockchain technology.

Market Direction

iKoin (IKN) is on its way to becoming the standard currency for global digital asset management. iKoin is the first coin/token to be backed by tangible asset ownership. By having ties to the real world, iKoin can connect cryptocurrencies with a more stable value. The logical process was to find a way to monetize the assets already present in the real world, and then market them onlineThis connection is done by using a SDC (Smart Digital Contract) by Blockchain Manager, Inc. (BCM) which is a basket of goods fund, that uses iKoin. The value of iKoin is evaluated by the SDC, which releases liquidity at the same time as iKoin. This means that after anchoring with iKoin, other major cryptocurrencies will then become a reserve digital currency of sorts. These digital currencies altogether constitute a digital currency basket. The exchange relationship between them is adjusted every 15 seconds, offering a measurement of value to settle global digital currencies. The term ‘settlement currency’ is thrown around a lot without people actually taking the time to understand what it entails in an economic sense. SDC, is a concept developed by BCM that was intended to move the world away from being dollar-based to having more of a worldwide currency. SDC was conceived to be a direct competitor to this idea. It is expected to transcend the current fiat manifestations by combining digital currencies with tangible assets. The goal is that it will present an alternative to the dollar due to its improved stability and fungibility. USD can’t be spent everywhere, and cross-border payments are hardly easy right now. This is a solid roadmap that indicates exactly where we would like iKoin to go in the next few years.

BlockChain Manager, Inc. ‘Companies’

Medical:  MediBloc, BioBloc, DentalBloc, PetBloc

Consumer:  AgraBloc, AguaBloc, DairyBloc, BeefBloc, PorkBloc, PoultryBloc

Marijuana:  GanjaBloc

Automotive:  AutoBloc, TaxiBloc, UberBloc

Online Currency Exchange:  OmniXchange, NumisXchange

Cryptocurrency Mining Facilities:  IKN / BTC / BCH / ETH / LTC ReyMining Mexico, OmniMining Canada

Opportunity

BCM and iKoin are intertwined ideas that will likely change the way we trade assets. If they can achieve their goal and become a worldwide digital settlement currency, there will be a massive increase in iKoin’s value. Investing in iKoin now makes sense for anyone who has questioned the intangibility of BTC but believes in the power of Blockchain.

Risk  Disclaimer

Legal considerations, Risks and Disclaimer YOU MAY LOSE ALL MONIES THAT YOU SPEND PURCHASING ikoin (IKN) TOKENS. In the event that you purchase Tokens, your purchase cannot be refunded or exchanged. THERE IS NO GUARANTEE THAT THE UTILITY OF THE IKN TOKENS OR THE PROJECT ENVISAGED IN THIS WHITE PAPER WILL ACTUALLY BE DELIVERED OR REALISED. IKN TOKENS ARE NOT SHARES OR SECURITIES OF ANY TYPE. THEY DO NOT ENTITLE YOU TO ANY OWNERSHIP OR OTHER INTEREST IN BLOCKCHAIN MANAGER INC. (BCMI). THEY ARE MERELY A MEANS BY WHICH YOU MAY BE ABLE TO ACCESS THE NETWORK THAT IS YET FULLY DEVELOPED. THERE IS NO GUARANTEE BCMI WILL ACTUALLY BE DEVELOPED. YOU ARE WAIVING YOUR RIGHTS BY AGREEING TO THESE TERMS AND CONDITIONS AND PARTICIPATING IN THE TOKEN SALE. BY PARTICIPATING IN THE IKN TOKEN SALE YOU ARE AGREE TO HAVE NO RECOURSE, CLAIM, ACTION, JUDGEMENT OR REMEDY AGAINST BCMI IF THE UTILITY OF THE IKN TOKENS OR IF THE PROJECT DESCRIBED IN THIS WHITE PAPER IS NOT DELIVERED OR REALISED. IF YOU ARE UNCERTAIN AS TO ANYTHING IN THIS WHITE PAPER OR YOU ARE NOT PREPARED TO LOSE ALL MONIES THAT YOU SPEND PURCHASING IKN TOKENS, WE STRONGLY URGE YOU NOT TO PURCHASE ANY IKN TOKENS. WE RECOMMEND YOU CONSULT LEGAL, FINANCIAL, TAX AND OTHER PROFESSIONAL ADVISORS OR EXPERTS FOR FURTHER GUIDANCE BEFORE participating in the IKN token sale outlined in this White Paper. You are strongly advised to take independent legal advice in respect of the legality in your jurisdiction of your participation in the Token Sale. PLEASE READ THE ENTIRETY OF THIS “Legal Considerations, Risks and Disclaimer” SECTION CAREFULLY. You must read the following “Legal Considerations, Risks and Disclaimer” section in full before: (i) making use of this White Paper and any and all information available on the website participating in the Company’s token sale outlined in this White Paper (the “Token Sale”). This “Legal Considerations, Risks and Disclaimer” section applies to this White Paper and any and all information available on the Website. The contents of this “Legal Considerations, Risks and Disclaimer” section outlines the terms and conditions applicable to you in connection with (i) your use of this White Paper and of any and all information available on the Website; and (ii) your participation in the Token Sale, in each case in addition to any other terms and conditions that we may publish from time to time relating to this White Paper, the Website and the Token Sale (such terms hereinafter referred to as the “Terms”). This “Legal Considerations, Risks and Disclaimer” section may be updated from time to time and will be published as part of the latest version of the White Paper which shall be available on the Website. You shall be obliged to read in full the latest available version of the White Paper available on the Website prior to participating in the Token Sale. The information set forth in this “Legal Considerations, Risks and Disclaimer” section may not be exhaustive and does not imply any elements of a contractual relationship. While we make every reasonable effort to ensure that all information: (i) in this White Paper; and (ii) available on the Website (all the information in the White Paper and all information available on the Website hereinafter referred to as the “Available Information”) is accurate and up to date, such material in no way constitutes professional advice. Individuals intending to participate in the Token Sale should seek independent professional advice prior to acting on any of the Available Information. LEGAL CONSIDERTIONS The Company has used reasonable endeavors to approach the Token Sale in a responsible and sensible manner. Given the legal uncertain of distributed ledger technologies, businesses and activities as well as cryptocurrencies and cryptocurrency-related businesses and activities in a number of jurisdictions, the Company has spent time and resources to consider its business approach and where it proposes to operate now and in the future. The Company has worked with Hassans International Law Firm in respect of Gibraltar law matters. The Company has NOT taken any other legal advice in any other jurisdiction. As such, it is possible that the Company’s IKN tokens described in this White Paper and which are the subject of the Token Sale (the “Tokens”) may comprise a security in your jurisdiction or the offer for sale by the Company of the Tokens in your jurisdiction may be a regulated or prohibited activity and in either of these cases the Company may be liable for the same. The Company accepts no responsibility or liability to you in these or any other circumstances. You are strongly advised to take independent legal advice in respect of the legality in your jurisdiction of your participation in the Token Sale and purchase of Tokens. The Gibraltar Financial Services Commission has on 12th October 2017 published a draft of the principled based regulations which relate to the use of distributed ledger technology for storing and transmitting value belonging to others, and which regulations come into effect on 1st January 2018. The Gibraltar Financial Services Commission has also announced that Gibraltar regulations relating to public token sales will come into effect in early 2018. The Company will use reasonable commercial endeavors to comply with all Gibraltar regulations and, to the extent reasonably practicable with the regulations of such other jurisdictions that it is able to. However, due to the current uncertain state of regulation relating to distributed ledger technology and token sales across the world, the Company cannot guarantee the legality of the Token Sale or the future business platform to be developed as envisaged by the Available Information or the Company’s ability to develop, structure and license any future Token functionality in every jurisdiction but the Company will use reasonable commercial endeavors to be responsive and compliant in the face of any regulatory inquiry. The Tokens are functional utility tokens designed for use only on the Company’s business platform that is yet to be developed. The Tokens are dissemination or communication of the Available Information and/or prohibits participation in the Token Sale or the purchase of Tokens or the offer for sale of the Tokens or any similar activity or product (collectively the “Restricted Jurisdictions”) or any other Restricted Persons are not permitted to participate in the Token Sale. The term “Restricted Persons” refers to any firm, company, partnership, trust, corporation, entity, government, state or agency of a state or any other incorporated or unincorporated body or association, association or partnership (whether or not having separate legal personality) that is established and/or lawfully existing under the laws of a Restricted Jurisdiction. The Tokens are not intended to constitute, and shall not constitute, securities in any jurisdiction. This White Paper does not constitute a prospectus or offer document of any sort and the Available Information is not intended to constitute an offer of securities or a solicitation for investment in securities in any jurisdiction. The Company does not provide any opinion or any advice to purchase, sell, or otherwise transact with Tokens and the presentation, not securities. In the event that you purchase Tokens, your purchase cannot be refunded or exchanged. The Company does not recommend purchasing Tokens for speculative investment purposes. Tokens do not entitle you to any equity, governance, voting or similar right or entitlement in the Company or in any of its affiliated companies. Tokens are sold as digital products, similar to downloadable software, digital music and the like. The Company does not recommend that you purchase Tokens unless you have prior experience with cryptographic tokens, blockchainbased software and distributed ledger technology and unless you have taken independent professional advice. The Company may choose to make the Available Information in a number of different languages. In the event of any conflict between the English version of the Available Information and any foreign language version, the English language version will prevail. REGIONAL RESTRICTIONS Citizens, nationals, residents (tax or otherwise) of any jurisdiction which prohibits the possession, publication or communication of all or any part of the Available Information shall not form the basis of, or be relied upon in connection with, any contract or investment decision. NO ADVICE No part of the Available Information should be considered to be business, legal, financial or tax advice regarding the Company, the Tokens, the Token Sale or any of the matters to which all or any part of the Available Information relates. You should consult your own legal, financial, tax or other professional advisor regarding the Available Information. You should be aware that you may be required to bear the financial risk of any purchase of Tokens for an indefinite period of time. LIMITATION OF LIABILITY In no event shall the Company or any current or former employees, officers, directors, partners, trustees, representative, agents, advisors, contractors, or volunteers of the Company (hereinafter the “Company Representatives”) be responsible or accountable or liable in any way whatsoever to any purchaser of Tokens for any loss of profits or otherwise or for any lost savings or for any incidental direct indirect special or consequential damages in each case arising out of or from or in connection with: (i) any failure by the Company or any of its affiliated companies to deliver or realise all or any part of the project or the platform or the membership network or the Token features described in or envisaged by the Available Information; (ii) your use or inability to use at any time the services or the products or the platform or the membership network or Tokens offered by the Company; (iii) the breach of any of these Terms by the Company or by the Company Representatives or by you or by any third party; (iv) any security risk or security breach or security threat or security attack or any theft or loss of data including but not limited to hacker attacks, losses of password, losses of private keys, or anything similar; (v) mistakes or errors in code, text, or images involved in the Token Sale or in any of the Available Information; or (vi) any information contained in or omitted from the Available Information; (vii) any expectation promise representation or warranty arising (or purportedly arising) from the Available Information; (viii) the volatility in pricing of Tokens in any countries and/or on any exchange or market (regulated, unregulated, primary, secondary or otherwise); (ix) the purchase use sale resale redemption or otherwise of the Tokens; or (x) your failure to properly secure any private key to a wallet containing Tokens, (collectively, the “Excluded Liability Matters”). The Available Information (including the Website and the White Paper) and the Tokens are provided on an “as is” basis and without any representations or warranties of any kind, either express or implied. You assume all responsibility and risk with respect to your use of the Available Information and purchasing of any amount of Tokens and their use. If applicable law does not allow all or any part of the above limitation of liability to apply to you, the limitations will apply to you only to the maximum extent permitted by applicable law. To the maximum extent permitted by applicable law, you hereby irrevocably and unconditionally waive: (i) all and any claims (whether actual or contingent and whether as an employee, office holder, trustee, agent, principal or in any other capacity whatsoever or howsoever arising) including, without limitation, claims for or relating to the Excluded Liability Matters, any payment or repayment of monies, indemnity or otherwise that you may have against the Company or against any of the Company Representatives; and (ii) release and discharge the Company and all of the Company Representatives from any and all liability (of whatsoever nature or howsoever arising) it or they may have to you. If for any reason you hereafter bring or commence any action or legal proceeding in respect of any claim purported to be released and discharged pursuant to this paragraph or these Terms, or otherwise attempt to pursue any such claim against the Company or any Company Representative then you hereby irrevocably and unconditionally undertake to indemnify, and keep indemnified the Company and all Company Representatives fully on demand from and against: (a) all liabilities or losses suffered by the Company or any Company Representative; and (b) all reasonable costs, charges and reasonable expenses (including without limitation reasonable legal costs and expenses) reasonably and properly incurred by the Company or any Company Representative, in each case by reason of or in connection with the bringing or commencement of such action or pursuit of such claim by you. If any provision or part-provision of this “Legal Considerations, Risks and Disclaimer” section is or becomes invalid, illegal or unenforceable, it shall be deemed modified to the minimum extent necessary to make it valid, legal and enforceable. If such modification is not possible, the relevant provision or part-provision shall be deemed deleted. Any modification to or deletion of a provision or part-provision under this “Legal Considerations, Risks and Disclaimer” section shall not affect the validity and enforceability of the rest of this “Legal Considerations, Risks and Disclaimer” section. NO REPRESENTATION & WARRANTIES Notwithstanding any other provision of these Terms or any statement made expressly or impliedly in the Available Information, the Company does not make or purport to make, and hereby disclaims, any representation warranty undertaking or covenant in any form whatsoever to any entity or person, including any representation warranty undertaking or covenant in relation to the truth, accuracy and completeness of any of the information set out in the Available Information. REPRESENTATION & WARRANTIES BY YOU By howsoever accessing and/or accepting possession or communication of all or any part of the Available Information, you represent and warrant (and shall be deemed to represent and warrant) to the Company on the date of such access or on the latest date on which you retain possession of all or any part of the Available Information as follows: (a) you are over 18 (eighteen) years of age; (b) you agree and acknowledge that the Tokens do not constitute shares or equities or securities or financial instruments or investments in any form in any jurisdiction; (c) you agree and acknowledge that the Available Information (including the White Paper and the Website) does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities in any jurisdiction or a solicitation for investment in securities and you are not bound to enter into any contract or binding legal commitment and no cryptocurrency or other form of payment is to be accepted on the basis of the Available Information; (d) you agree and acknowledge that no regulatory authority has examined or approved of the Available Information, no action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction and the publication, distribution or dissemination of all or any part of the Available Information to you does not imply that the applicable laws, regulatory requirements or rules have been complied with; (e) you agree and acknowledge that the Available Information, the undertaking and/or the completion of the Token Sale, or future trading of the Tokens on any exchange or market (regulated, unregulated, primary, secondary or otherwise), shall not be construed, interpreted or deemed by you as an indication of the merits of the Company, the Tokens, the Token Sale or the Available Information; (f) the distribution or dissemination of the Available Information any part thereof or any copy thereof, or acceptance of the same by you, is not prohibited or restricted by the applicable laws, regulations or rules in your jurisdiction, and where any restrictions in relation to possession are applicable, you have observed and complied with all such restrictions at your own expense and without liability to the Company; (g) you agree and acknowledge that in the case where you wish to purchase any Tokens, the Tokens are not to be construed, interpreted, classified or treated as: (h) you are fully aware of and understand that you are not eligible to purchase any Tokens or access the Available Information if you are a citizen, national, resident (tax or otherwise) and/ or green card holder of a Restricted Jurisdiction or if you are a Restricted Person; (i) you have a basic degree of understanding of the operation, functionality, usage, storage, transmission mechanisms and other material characteristics of cryptocurrencies, blockchain-based software systems, cryptocurrency wallets or other related token storage mechanisms, blockchain technology and smart contract technology; (j) you are fully aware and understand that in the case where you wish to purchase any Tokens, there are risks associated with: (A) the Company and its business and operations; (B) the Tokens; (C) the Token Sale; and (D) relying or acting on all or any part of the Available Information; (k) you agree and acknowledge that the Company is not liable for any direct indirect special incidental consequential or other losses of any kind in tort contract or otherwise (including but not limited to loss of revenue income (i) any kind of currency or commodity; (ii) debentures, stocks or shares issued by any person or entity (whether the Company or otherwise); (iii) rights, options or derivatives in respect of such debentures, stocks or shares; (iv) rights under a contract for differences or under any other contract the purpose or pretended purpose of which is to secure a profit or avoid a loss; (v) units in a collective investment scheme; (vi) units in a business trust; (vii) derivatives of units in a business trust; (viii) any other security or class of securities; or (ix) any type of investment (as such term is defined by the Financial Services (Investments and Fiduciary Services) Act 1989-47 of Gibraltar (as amended or re-enacted from time to time) or as such term might be construed under similar legislation in any other part of the world); or profits or loss of use or data or loss of reputation or loss of any economic or other opportunity of whatsoever nature or howsoever arising) arising out of or in connection with any acceptance of or reliance on the Available Information or any part thereof by you; and (l) all of the above representations and warranties are true, complete, accurate and not misleading from the time of your last access to and/or possession of (as the case may be) the Available Information. CAUTIONARY NOTE ON FORWARDLOOKING STATEMENTS All statements contained in the Available Information, statements made in any press releases or in any place accessible by the public and oral statements that may be made by the Company or the Company Representatives (as the case may be), that are not statements of historical fact, constitute “forward looking statements”. Some of these statements can be identified by forward-looking terms such as “aim”, “target”, “anticipate”, “believe”, “could”, “estimate”, “expect”, “if”, “intend”, “may”, “plan”, “possible”, “probable”, “project”, “should”, “would”, “will” or other similar terms. However, these terms are not the exclusive means of identifying forward-looking statements. All statements regarding the Company’s financial position, business strategies, plans and prospects and the future prospects of the industry which the Company is in are forward-looking statements. These forward-looking statements, including but not limited to statements as to the Company’s revenue profitability and growth, expected revenue profitability and growth, prospects, future plans, other expected industry trends and other matters discussed in the Available Information regarding the Company are matters that are not historic facts, but only estimations and predictions. The Company makes no representation or warranty on having made any predictions or estimates or expectations on the basis of any formula, any mathematical or scientific modelling or forecast, or having made any due and proper enquiries or having undertaken any independent research or studies or otherwise. These forwardlooking statements involve known and unknown risks, uncertainties and other factors that may cause the actual future results, performance or achievements of the Company to be materially different from any future results, performance or achievements expected, expressed or implied by such forward-looking statements. These factors include, amongst others: (a) changes in legal political social economic and stock or cryptocurrency market conditions and the regulatory environment in the countries in which the Company conducts its Token Sale its business and/or its operations; (b) the risk that the Company may be unable or execute or implement its business strategies and future plans; (c) changes in interest rates and exchange rates of cryptocurrencies; (d) changes in the anticipated growth strategies and expected internal growth of the Company; (e) changes in the availability and fees payable to the Company in connection with its business and operations; (f) changes in the availability and salaries of employees who are required by the Company to operate its business and operations; (g) changes in preferences of customers of the Company; (h) changes in competitive conditions under which the Company operates, and the ability of the Company to compete under such conditions; (i) changes in the future capital needs of the Company and the availability of financing and capital to fund such needs; (j) war or acts of international or domestic terrorism; (k) occurrences of catastrophic events, natural disasters and acts of God that affect the businesses and/or operations of the Company; (l) other factors beyond the control of the Company; and (m) any risk and uncertainties associated with the Company and its business and operations, the Tokens, the Token Sale and reliance on all or any part of the Available Information. All forward-looking statements made by or attributable to the Company or Company Representatives are expressly qualified in their entirety by such factors. Given that risks and uncertainties that may cause the actual future results, performance or achievements of the Company to be materially different from that expected, expressed or implied by the forward-looking statements in the Available Information, undue reliance must not be placed on these statements. These forward-looking statements are applicable only as of the later of the date of publication of the White Paper and the latest date that the Website has been updated. Neither the Company nor the Company Representatives nor any other person represents, warrants and/or undertakes that the actual future results, performance or achievements of the Company will be as discussed in those forward-looking statements. The actual results, performance or achievements of the Company may differ materially from those anticipated in these forward looking statements. Nothing contained in the Available Information is or may be relied upon as a promise, representation or undertaking as to the future performance or policies of the Company. Further, the Company disclaims any responsibility to update any of those forward-looking statements or publicly announce any revisions to those forward-looking statements to reflect future developments, events or circumstances, even if new information becomes available or other events occur in the future. RISK FACTORS You should carefully consider and evaluate each of the following risk factors and all other information contained in these Terms before deciding to participate in the Token Sale. To the best of the Company’s knowledge and belief, all risk factors which are material to you in making an informed judgment to participate in the Token Sale have been set out below. If any of the following considerations, uncertainties or material risks develops into actual events, the business, financial position and/or results of operations of the Company and the maintenance and level of usage of the Tokens could be materially and adversely affected. In such cases, the trading price of Tokens (in the case where they are listed on an exchange or market (regulated, unregulated, primary, secondary or otherwise)) could decline due to any of these considerations, uncertainties or material risks, and you may lose all or part of your Tokens or the economic value thereof. RISKS RELATING TO PARTICIPATION IN THE TOKEN SALE There is no prior market for Tokens and the Token Sale may not result in an active or liquid market for the Tokens. Prior to the Token Sale, there has been no public market for the Tokens. In the event that the Company ever decides to seek the approval for availability of the Tokens for trading on a cryptocurrency exchange or market, there is no assurance that such approval will be obtained. Furthermore, even if such approval is granted by a cryptocurrency exchange, there is no assurance that an active or liquid trading market for the Tokens will develop, or if developed, will be sustained after the Tokens have been made available for trading on such market. There is also no assurance that the market price of the Tokens will not decline below the original or issue purchase price (the “Purchase Price”). The Purchase Price may not be indicative of the market price of the Tokens after they have been made available for trading on a market. A Token is not a currency issued by any central bank or national, supra-national or quasi-national organization, nor is it backed by any hard assets or other credit nor is it a commodity in the traditional sense of that word. The Company is not responsible for, nor does it pursue, the circulation and trading of Tokens on any market. Trading of Tokens will merely depend on the consensus on its value between the relevant market participants. No one is obliged to purchase any Token from any holder of the Token, including the purchasers, nor does anyone guarantee the liquidity or market price of Tokens to any extent at any time. Furthermore, Tokens may not be resold to purchasers who are citizens, nationals, residents (tax or otherwise) and/or green card holders of Restricted Jurisdictions or to Restricted Persons or to purchasers in any other jurisdiction where the purchase of Tokens may be in violation of applicable laws. Accordingly, the Company cannot ensure that there will be any demand or market for Tokens, or that the Purchase Price is indicative of the market price of Tokens after they have been made available for trading on any cryptocurrency exchange or market. Future sales or issuance of the Tokens could materially and adversely affect the market price of Tokens. Any future sale or issuance of the Tokens would increase the supply of Tokens in the market and this may result in a downward price pressure on the Token. The sale or distribution of a significant number of Tokens outside of the Token Sale (including but not limited to the sales of Tokens undertaken after the completion of the initial crowdsale, issuance of Tokens to persons other than purchasers for purposes of community initiatives, business development, academic research, education and market expansion and issuance of Tokens as a reward to users of the Company’s business platform that is yet to be developed or otherwise), or the perception that such further sales or issuance may occur, could adversely affect the trading price of the Tokens. Negative publicity may materially and adversely affect the price of the Tokens. Negative publicity involving the Company, the Tokens or any of the key personnel of the Company and/ or regulation of distributed ledger technologies, cryptocurrencies and/or crowdsales of tokens in any jurisdiction, may materially and adversely affect the market perception or market price of the Tokens, whether or not it is justified. The Company may not be able to pay any anticipated rewards in the future. There is no assurance that there will be sufficient engagement in the Company’s business platform that is yet to be developed such that you will receive any rewards anticipated to be distributed to active users of the Company’s business platform. Further, even in the event there is substantial engagement and interactions among the users of the Company’s business platform that is yet to be developed, there is no assurance you personally will receive any part of the rewards. This is because the ability of the Company to pay any reward to you will depend on the future results of operations and the future business and financial condition of the Company, and there is no assurance of the future results of operations and the future business and financial condition of the Company. There is no assurance of any success of the Company’s Token Sale or business platform that is yet to be developed as envisaged by the Available Information. The value of, and demand for, the Tokens hinges heavily on the performance of the Company’s Token Sale and business platform that is yet to be developed and the continuous active engagement of its users and success of its contemplated business lines. There is no assurance that the Company’s Token Sale will be successful or that its business platform that is yet to be developed will gain or continue to gain traction. While the Company has made every effort to provide a realistic estimate, there is also no assurance that the cryptocurrencies raised in the Token Sale will be sufficient for the development of the Company’s business platform. For the foregoing or any other reason, the development of the Company’s business platform and launch of the anticipated Token functionality may not be completed and there is no assurance that it will be launched at all. As such, distributed Tokens may hold little or no worth or value and this would impact any trading price and/or use of the Tokens. The trading price of the Tokens may fluctuate following the Token Sale. The prices of cryptographic tokens in general tend to be relatively volatile, and can fluctuate significantly over short periods of time. The demand for, and the corresponding market price of, the Tokens may fluctuate significantly and rapidly in response to, among others, the following factors, some of which are beyond the control of the Company: (a) new technical innovations; (b) analysts’ speculations, recommendations, perceptions or estimates of the Token’s market price or the Company’s financial and business performance; (c) changes in market valuations and token prices of entities with businesses similar to that of the Company that may be listed on the same cryptocurrency exchanges or markets as the Tokens; (d) announcements by the Company of significant events, for example partnerships, sponsorships or new product developments; (e) fluctuations in market prices and trading volume of cryptocurrencies on cryptocurrency exchanges or markets; (f) additions or departures of key personnel of the Company; (g) success or failure of the Company’s management in implementing business and growth strategies; and/or (h) changes in conditions affecting the blockchain or financial technology industry, the general economic conditions or market sentiments, or other events or factors. The funds raised in the Token Sale are exposed to risks of theft. The Company will make every effort to ensure that the funds received from the Token Sale will be securely held. Further, the Company may make every effort to ensure that the funds received by it from Token Sale will be securely held through the implementation of security measures. Notwithstanding such security measures, there is no assurance that there will be no theft of the cryptocurrencies as a result of hacks, sophisticated cyber-attacks, distributed denials of service or errors, vulnerabilities or defects on the Token Sale website, in the smart contract(s) on which the Token Sale relies, on the Ethereum blockchain or any other blockchain, or otherwise. Such events may include, for example, flaws in programming or source code leading to exploitation or abuse thereof. In such event, even if the Token Sale is completed, the Company may not be able to receive the cryptocurrencies raised and the Company may not be able to use such funds for the development of the Company’s business platform. In such case, the launch of the Company’s business platform might be temporarily or permanently curtailed. As such, distributed Tokens may hold little worth or value and this would impact their trading price. RISKS RELATING TO THE COMPANY The Company’s business platform that is yet to be developed. Any events or circumstances which adversely affect the Company or any of its successor or affiliated operating entities may have a corresponding adverse effect on the Company’s business platform that is yet to be developed, including but not limited to the development, structuring and launch of the Company’s business platform. Such adverse effects would correspondingly have an impact on the utility, liquidity, and the trading price of the Tokens. The Company may be materially and adversely affected if it fails to effectively manage its operations as its business develops and evolves, which would have a direct impact on its ability to develop, maintain or operate the Company’s business platform and/ or develop, structure and/or licence any Token functionality. The financial technology and cryptocurrency industries in which the Company competes have grown rapidly over the past few years and continue to evolve in response to new technological advances, changing business models, shifting regulations and other factors. As a result of this constantly changing environment, the Company may face operational difficulties in adjusting to the changes, and the sustainability of the Company will depend on its ability to manage its operations, ensure that it hires qualified and competent employees, and provides proper training for its personnel. As its business evolves, the Company must also expand and adapt its operational infrastructure. The Company’s business will in part rely on its blockchain-based software systems, cryptocurrency wallets or other related token storage mechanisms, blockchain technology and smart contract technology. All of these systems, tools, and skillsets represent complex, costly, and rapidly changing technical infrastructure. In order to demonstrate continued ability to effectively manage technical support infrastructure for the Company’s business platform that is yet to be developed and the future functionality of the Tokens, the Company will need to continue to upgrade and improve its data systems and other operational systems, procedures, and controls. These upgrades and improvements will require a dedication of resources and are likely to be complex and increasingly rely on hosted computer services from third parties that the Company does not or will not control. If the Company is unable to adapt its systems and organization in a timely, efficient, and cost-effective manner to accommodate changing circumstances, its business, financial condition and/or results of operations may be adversely affected. If the third parties whom the Company relies on are subject to a security breach or otherwise suffer disruptions that impact the services the Company uses, the integrity and availability of its internal information could be compromised, which may consequently cause the loss of confidential or proprietary information and/or economic loss. The loss of financial, labor or other resources, and any other adverse effect on the Company’s business, financial condition and/or operations, would have a direct adverse effect on the Company’s ability to develop maintain or operate the Company’s business platform and/ or to develop, structure and/or license the anticipated Token functionality. Any adverse effects affecting the Company business or technology are likely to also adversely impact the utility, liquidity, and trading price of the Tokens. The Company may experience system failures, unplanned interruptions in its network or services, hardware or software defects, security breaches or other causes that could adversely affect the Company’s infrastructure network, and/or the Company’s business platform that is yet to be developed. The Company is not able to anticipate when there would be occurrences of hacks, cyber-attacks, distributed denials of service or errors, vulnerabilities or defects in: The Company’s business platform that is yet to be developed, in the smart contracts on which the Company or the Company’s business platform relies, or on the Ethereum or any other blockchain. Such events may include, for example, flaws in programming or source code leading to exploitation or abuse thereof. The Company may not be able to detect such hacks, cyber-attacks, distributed denials of service errors vulnerabilities or defects in a timely manner and may not have sufficient resources to efficiently cope with multiple service incidents happening simultaneously or in rapid succession. The Company’s network or services, which would include the Company’s business platform that is yet to be developed and, if successfully structured, developed, licensed and launched, the Token functionality, could be disrupted by numerous events, including natural disasters, equipment breakdown, network connectivity downtime, power losses, or even intentional disruptions of its services, such as disruptions caused by software viruses or attacks by unauthorized users, some of which are beyond the Company’s control. There can be no assurance that cyber-attacks, such as distributed denials of service, will not be attempted in the future or that the Company’s security measures will be effective. The Company may be prone to attacks on its infrastructure intended to steal information about its technology, financial data or user information or take other actions that would be damaging to the Company and/or holders of the Tokens. Any significant breach of the Company’s security measures or other disruptions resulting in a compromise of the usability, stability, and security of the Company’s business platform that is yet to be developed may adversely affect the utility, liquidity and/or trading price of the Tokens. The Company may in the future be dependent in part on the location and data center facilities of third parties. The Company’s future infrastructure network may be established in whole or in part through servers which it owns and/or houses at the location facilities of third parties, and/or servers that it rents at data center facilities of third parties. If the Company is unable to renew its data facility leases on commercially reasonable terms or at all, the Company may be required to transfer its servers to a new data center facility, and may incur significant costs and possible service interruption in connection with the relocation. These facilities are also vulnerable to damage or interruption from, among others, natural disasters, arson, terrorist attacks, power losses, and telecommunication failures. Additionally, the third-party providers of such facilities may suffer a breach of security as a result of third-party action, employee error, malfeasance or otherwise, and a third party may obtain unauthorized access to the data in such servers. The Company and the providers of such facilities may be unable to anticipate these techniques or to implement adequate preventive measures. General global market and economic conditions may have an adverse impact on the Company’s operating performance, results of operations and/or cash flows. The Company could continue to be affected by general global economic and market conditions. Challenging economic conditions worldwide have from time to time, contributed, and may continue to contribute, to slowdowns in the information technology industry at large. Weakness in the economy could have a negative effect on the Company’s business, operations and financial condition, including decreases in revenue and operating cash flows, and inability to attract future equity and/or debt financing on commercially reasonable terms. Additionally, in a down-cycle economic environment, the Company may experience the negative effects of a slowdown in trading and usage of the Company’s business platform that is yet to be developed and may delay or cancel the development, structuring, licensing and/or launch of the anticipated Token functionality. Suppliers on which the Company relies for servers, bandwidth, location and other services could also be negatively impacted by economic conditions that, in turn, could have a negative impact on the Company’s operations or expenses. There can be no assurance, therefore, that current economic conditions or worsening economic conditions or a prolonged or recurring recession will not have a significant, adverse impact on the Company’s business, financial condition and results of operations, and hence, the Company’s business platform that is yet to be developed and/or the ability to develop, structure, license and/or launch any Token functionality. Any such circumstances would then correspondingly negatively impact the utility, liquidity, and/or trading price of the Tokens. The Company or the Tokens may be affected by newly implemented regulations. Distributed ledger technologies, businesses and activities as well as cryptocurrencies and cryptocurrency related businesses and activities are generally unregulated worldwide, but numerous regulatory authorities across jurisdictions have been outspoken about considering the implementation of regulatory regimes which govern distributed ledger technologies, businesses and activities as well as cryptocurrencies and cryptocurrency related businesses and activities. The Company or the Tokens may be affected by newly implemented regulations relating to distributed ledger technologies, businesses and activities as well as cryptocurrencies and cryptocurrency-related businesses and activities, including having to take measures to comply with such regulations, or having to deal with queries, notices, requests or enforcement actions by regulatory authorities, which may come at a substantial cost and may also require substantial modifications to the Company’s business platform that is yet to be developed and/or the anticipated Token functionality. This may impact the appeal or practicality or functionality of the Company’s business platform that is yet to be developed and/ or the anticipated Token functionality for users and result in decreased usage of and demand for the Company’s business platform and the Tokens. Further, should the costs (financial or otherwise) of complying with such newly implemented regulations exceed a certain threshold, maintaining the Company’s business platform that is yet to be developed and/ or developing, structuring, licensing and/or launching the Token functionality may no longer be commercially viable, and the Company may opt to discontinue the Company’s business platform that is yet to be developed and/or the anticipated Token functionality, and/ or the Tokens. Further, it is difficult to predict how or whether governments or regulatory authorities may implement any changes to laws and regulations affecting distributed ledger technology and its applications, including the Company’s business platform that is yet to be developed and/or the anticipated Token functionality, and/or the Tokens. The Company may also have to cease operations in a jurisdiction that makes it illegal to operate in such jurisdiction or make it commercially unviable or undesirable to obtain the necessary regulatory approval(s) to operate in such jurisdiction. In scenarios such as the foregoing, the utility, liquidity, and/or trading price of Tokens will be adversely affected and/or Tokens may cease to be traded. There may be unanticipated risks arising from the Tokens. Cryptographic tokens such as the Tokens are a relatively new and dynamic technology. In addition to the risks included in the above discussion of risk factors, there are other risks associated with your purchase, holding, and use of the Tokens, including those that the Company cannot anticipate. Such risks may further appear as unanticipated variations or combinations of the risks discussed above. PRIVACY POLICY By purchasing Tokens, you agree to your personal data, (i.e., your e-mail address, name, address and other details personal to you) being processed by the Company for its business purposes or the purposes of building, promoting, and communicating (about) the Company’s business platform that is yet to be developed and the Tokens. The Company agrees to keep your email address and other personal data private and not share it with the public (e.g., by including it on any external lists or selling to any third parties). DISCLAIMER The presentation of the Available Information is solely for informational purposes. Anyone interested in purchasing Tokens and participating in the Token Sale should consider the various risks prior to making any kind of decision in respect of the Token Sale. The Available Information does not comprise any advice by the Company or by the Company Representatives, or any recommendation to any recipient of the Available Information, by the virtue of any participation in the Token Sale or otherwise. The Available Information does not necessarily identify, or claim to identify, all the risk factors connected with the Company, the Company’s business platform that is yet to be developed, the Tokens, the Token Sale, any future Token functionality or the Available Information. All the participants must make their own independent evaluation, after making such investigations as they consider essential, of the merits of participating in the Token Sale and after taking their own independent professional advice. Any participant in the Token Sale should check with and rely upon their own investment, accounting, legal and tax representatives and consultants in respect of such matters concerning the Company, the Company’s business platform that is yet to be developed, the Tokens, the Token Sale, any future Token functionality and the Available Information and to assess separately the financial risks, consequences and appropriateness of the purchase of Tokens, or if in any doubt about the facts set out in the Available Information. A purchase of Tokens comprises considerable risk and might involve extraordinary risks that may lead to a loss of all or a significant portion of monies or monetary value utilized to acquire Tokens. Participants in the Token Sale are urged to completely understand, be aware of and accept the characteristics of the Company, the Company’s business platform that is yet to be developed, the Tokens, the Token Sale, any future Token functionality and the Available Information. If you are not prepared to accept any or all of these Terms or the risks set out in these Terms, then you are urged not to participate in the Token Sale. No guarantee or assurance is given by the Company or by the Company Representatives that the Company’s proposals, objectives and/or outcomes set out in the Available Information will be achieved in whole or in part. You are urged to consider whether participation in the Token Sale is suitable for you having regard to your personal and financial circumstances and your financial resources. RESTRICTIONS ON DISTRIBUTION AND DISSEMINATION OF THE AVAILABLE INFORMATION The distribution or dissemination howsoever of all or any part of the Available Information may be prohibited or restricted by the laws, regulatory requirements and rules of certain jurisdictions. In the case where any such restriction applies, you are responsible for informing yourself in respect of the same and for observing any such restrictions which are applicable to your possession and/or dissemination of all or any part of the Available Information at your own expense and without liability to the Company. Persons to whom a copy of all or any part of the Available Information has been distributed or disseminated, provided access to or who otherwise have all or any part of the Available Information in their possession shall not circulate it to any other persons, reproduce or otherwise distribute any information contained herein for any purpose whatsoever nor permit or cause the same to occur. NO OFFER OF SECURITIES OR REGISTRATION This White Paper does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities or a solicitation for investment in securities in any jurisdiction. No person is bound to enter into any contract or binding legal commitment and no cryptocurrency or other form of payment is to be accepted on the basis of all or any part of the Available Information. Any agreement in relation to any sale and purchase of Tokens is to be governed by the terms and conditions of such agreement and no other document. In the event of any inconsistencies between the terms and conditions of that agreement and the Available Information, those terms and conditions shall prevail. You are not eligible to purchase any Tokens in the Token Sale if you are a citizen, resident (tax or otherwise) or green card holder of a Restricted Jurisdiction or you are a Restricted Person. No regulatory authority has examined or approved of any of the Available Information. No such action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of the Available Information does not imply that the applicable laws, regulatory requirements or rules have been complied with.