DECENTRALIZED CRYPTO-FINANCE ECOSYSTEM FOR SMART INVESTING AND ASSET MANAGEMENT LIGHT PAPER

Transcription

1 DECENTRALIZED CRYPTO-FINANCE ECOSYSTEM FOR SMART INVESTING AND ASSET MANAGEMENT

2 DISCLAIMER CERTAIN RISK FACTORS RELATED TO PURCHASING, SALE, AND USE OF TOKENS IMPORTANT NOTE: THE TOKEN SALE COMPANIES DISCUSSED IN THIS WHITE PAPER ARE NOT RESPONSIBLE FOR ANY DIRECT OR CONSEQUENTIAL LOSSES OR DAMAGES THAT MAY ARISE DIRECTLY OR INDIRECTLY FROM: (I) RELIANCE ON ANY INFORMATION CONTAINED IN THE WHITEPAPER AND ALL ASSOCIATED MATERIALS, INCLUDING THIS DOCUMENT, (II) ANY OMISSION OR INACURACCY ERRORS THAT MAY BE PRESENT IN THE INFORMATION RELAYED OR (III) ANY ACTION RESULTING FROM SUCH INFORMATION. LEGAL DISCLAIMERS FOR U.S. CITIZENS AND RESIDENTS The tokens offered in connection with the token sale under this White Paper are available for purchase to only Accredited Investors. Generally, interested persons must have a net worth of over $1 million (exclusive of residence) or an income in excess of $200,000 individually or $300,000 jointly with a spouse. The tokens sold in connection with this token sale are secured under the U.S. Securities Act of 1933 ( Securities Act ); these tokens have not been and will not be registered under the Securities Act. The tokens are exempted from the amended registration requirements of the Securities Act of 1933, and the process of selling the tokens does not have to comply with specific disclosure requirements that apply to registration under the Securities Act. Neither the U.S. Securities and Exchange Commission nor any state regulator has gone throughr the merits of or given its approval for the terms of the token sale, or the accuracy or completeness of any associated materials. The tokens are subject to legal restrictions on transfer and resale and may not be offered or sold without registration or exempted from the registration requirements The purchasers should not assume that they will be able to resell their tokens. Buying tokens involves risks, and purchasers should be willing to face the risk of loss of their entire purchase. All purchasers should determine whether or not they want to make a purchase based on their own independent evaluation and analysis. 2

3 STIPS FINTECH Project Mission To make information simple and accessible, and investments reliable and smart. Project Goals 1. Build a decentralized crypto-finance platform for smart investing and asset management. 2. Provide the community with complete, relevant, and unbiased information on each asset that interests them. 3. Build a community that is interested in independently searching for and providing information on assets and the teams behind them. 4. Enable token teams to publish current information on their activities on a single platform with no need to use dozens of communication channels. 3

4 PRODUCTS / launched Index STIPS20 Professional Cryptocurrency Index Product Description: We have developed an index that can be used by all players in the cryptocurrency industry. This index allows users to follow the dynamics of the cryptocurrency market on the 20 most capitalized positions. Target Audience: All participants in the cryptocurrency industry who want to receive independent and current market information. Funds, investors, traders, institutional investors. Goal: The goal of this cryptocurrency index is to create an indicator that would help private investors, cryptocurrency funds and traders define the general trend and speed of digital tokens. For funds accumulating investor money, STIPS20 can become a benchmark for buying more liquid tokens. It allows users to invest directly in the index and obtain market returns. Investors will be able to compare investment yields with average cryptocurrency market dynamics to estimate efficiency and expediency when choosing a fund. Index Website: stips20.io 4

5 PRODUCTS / launched STIPS 20Fund Open Tokenized Index Fund Product Description: STIPS 20Fund is the first open index cryptocurrency fund on NEM blockchain architecture. This is a fund with a transparent and classical asset management strategy. It follows the STIPS20index, which includes the TOP-20 cryptocurrencies. Investors can make investments to our fund at any moment and get a transparent mid-market yield. Market: The potential market for passive index cryptocurrency funds is currently $41 billion (market analysis is given in section STIPS 20Fund in the White Paper). Target Audience: Mostly non-professional and interested investors, who are indisposed to take higher risks while making investment decisions but willing to participate in the dynamics of the cryptoassets market. Goal: Create the first open passive index fund and allow investors to participate in the dynamics of the cryptoassets market in a safer, more transparent and historically reputable way. Fund Website: stips20fund.io 5

6 PRODUCTS STIPS Oculus First Decentralized Trading, Analytics and Management Platform Description The goal of STIPS Oculus is to build a simple, functional, and decentralized analytics platform, bringing together all the players of the cryptocurrency market for highly efficient investments. The platform represents a decentralized environment that employs widgettools for the following categories of services: fundamental, technical analysis of trading tools (tokens, currencies, etc.) placing assets for management (STIPS Smart Fund) connecting and using an unlimited number of financial services from third-party developers. Features: A characteristic feature of the platform will be its gamification system.this is the process of using game thinking and game dynamics to attract users and consumers, while enhancing their involvement in solving applied problems, and using products and services. Due to this process, users will be involved in the data transfer of analyzed projects and will receive tokens, bonuses, ratings, etc. Smart contract Oculus Analytical platform Market Getting information Providing information User Social network 6

7 ANALYTICS BLOCK STIPS Oculus employs a combination of unique algorithms for regression analysis and sentiment-analysis to identify fundamental parameters that influence the dynamics of token price. For analysis of the unstructured information (collected from the blockchain and provided by the platform s users) there will be used the IBM solution (IBM Watson) adapted to the STIPS Oculus needs. IBM Watson is an advanced tool that allows revealing trends in the unstructured information by using artificial intelligence and immense computational performance. With a long list of data, a user can work out his/her unique trading strategy and apply it in everyday trading. Regression Analysis is a statistical method for estimating the influence of one or several independent variables (for example: code activity at Github, asset flow on a tool in large wallets) on dependent variable (token price). Regression model development is an iteration process aimed at searching for efficient independent variables to explain dependent variables. We try to model and understand these variables by launching the regression tool to identify which values are efficient predictors. Then step-by-step removal and/or addition of variables is done until we find the most suitable regression model. We will analyze the following data in STIPS Oculus (the list of parameters is unlimited and will be continuously developed and analyzed): 1. Code activity on GitHub 2. Asset flow on major wallets 3. Marketing activity tracking 4. HR activity 5. Roadmaphistory 6. ICO rating aggregator 7. Trade signal channel aggregator 8. News aggregator (sentiment analysis) 9. User sentiment monitoring (sentiment analysis) 10. Projectlistinganalysis 7

8 11. Blockchain usage dynamics (for smart contracts) 12. Analysis of token distribution across wallets 13. Tradeinstrumentvolatility 14. Tradingvolumeanalysis 15. Projectjurisdictionanalysis Sentiment-analysis allows users to view the overall market sentiment or sentiment on a certain topic in all connected chats, tweets or websites. This method is based on a semantic analysis of news from the Aggregator. When a user switches to a certain coin, news gathering on this coin starts with terminological token. Then all news is evaluated with a certain algorithm, specifically with regard to the sentiment of each message. This information is summed up and shown in the coin graph in the form of a candle with the volume of messages and sentiment classification. By clicking the candle, a user can see the details on message volumes and sentiment for each source. The system administrator can choose the news sources. The platform has a separate tool to view market sentiment by key words. For example, the end user types in the key words EOS, ICO, tokens. These words are sent to a Sentimentanalysis service and then the system gives a sentiment evaluation on wordpairs. 8

9 OPEN PLATFORM - DATA COLLECTION ISSUES The problem of platform scalability and exponential growth will be resolved by constant interaction with users through the gamification and token motivation system. Key issues with most services are the difficulty in learning the platform and constant customer retention. Gamification evokes the competitive spirit in everyone. When a person plays, he/ she gets involved in the process more and more, feels satisfied with his/her achievements, and therefore is ready to visit and use the platform more often. The STIPS token accrual system for performed tasks, bonuses for discoveries on the platform, and rating system are additional motivation to use the Oculus platform. Each user will be able to bring currency information to the platform in accordance with the criteria described above (wallets, team information, events, etc.). In exchange, we will pay them STIPS tokens for unique information. At the early stages, the STIPS FinTech team will determine the importance of this data based on publically available, transparent methods. WHO WILL USE THE STIPS PLATFORM? The platform is designed for all market players: Those who create tokens Those who buy tokens Those who want to earn by participating in the platform development SUPERVISION OF CONTENT UPLOADED BY USERS Oculus is a decentralized platform where everyone can manage it or influence its operation. The system is based on automatic accounting of the most active users and grants them supervisor rights (those users with a certain level of reputation in the community, weight, advantages and responsibilities). These users (supervisors) provide validation for incoming information and influence the platform s operation. At the first stage, ten supervisors are supposed to constantly work on the platform. They are chosen from the standard users based on their activity. In order to become a supervisor, a user should have 100 validated data in the platform history. Supervisors have advantages on the platform in the form of 2x tokens for providing information (10 STIPS). The user also accepts the obligation to supervise a minimum 10 new data from standard users. If the user fails to perform his/her obligation, the user loses his/her supervisor status and becomes a standard user until he/she becomes active again. Each user with 200 validated data in the platform history gets a status of Super Supervisor and has a right to use all Oculus services for free and gets access to special features of the platform. This status is temporary and requires user to stay active. 9

10 EXAMPLES OF WORK WITH THE PLATFORM S ANALYTICS BLOCK: Let s say platform user Bob trades cryptocurrencies. After logging in on STIPS Oculus, Bob is granted access to a limited list of parameters that can influence the price of the token Bob is interested in. Particularly: Code activity at GitHub Number of exchanges where the token is listed Number of current project employees Compliance of project activity with a declared roadmap Bob then chooses a token, for example, NEO, enables available parameters from the list above and gets graphs and absolute values to see how these parameters influence the token price. Based on the analysis, Bob comes to the conclusion that, out of four parameters, only the code activity at GitHub and number of current employees influence the future NEO price. Then Bob starts monitoring the changes of these parameters in his user account on the platform. One day, NEO code activity at Github grows by 500 points and the project team increases by 15 people. Bob buys the NEO token, expecting its price to go up. Due to increased developer activity and code enhancement (activity growth at Github, growing staff), there is a growing demand for the token and therefore its price is increasing. As a result, Bob made a profit. After the successful deal, Bob decides to take advantage of the full functionality of the STIPS Oculus platform. Bob buys STIPS tokens and gets access to unlimited functionality of the platform. As another example, Alice is interested in analyzing projects and revealing trends in the market. She logs into the platform and gains access to an independent upload of token data to obtain a payment (in STIPS tokens). Alice knows that the team for the XEM token is going to organize some large events and follows the project in accordance with its roadmap. She uploads this information onto the platform and receives a notification that after the information is processed, she will receive X number of STIPS tokens added to her user account. Thus, Alice provides unique information used in the regression model and earns money, and Bob uses this information in trading. 10

11 PRODUCTS STIPS Smart Fund Decentralized Solution for Your Investments The Fund is an important part of the Oculus platform. A significant part of the platform s functionality is focused on smart investing and gives users access to information so that they can make informed decisions about their cryptoassets. At the same time, most users aren t ready to make independent decisions and it s important for them to have not only analytical tools, but also tools to transfer their assets for management. For this purpose, we will allow the user to choose their algorithm/fund/trader and transfer their assets for management. INDEX FUND LAUNCH At the first stage, we launch our own fund, which will distribute assets on the 20 most capitalized tokens, according to the STIPS20 index. Transfer of the Index Fund to the Smart Fund After launching the key elements of the Oculus platform, the system will be enabled to assess each and every token based on the analysis of the collected data and to distribute assets across tokens, guided by the machine learning. Connection of a Wide Range of Third-Party Funds with the Platform THIRD-PARTY SERVICES WITH WIDGETTOOLS There are a lot of projects on the market and each team is good at its product. We understand that we don t have enough resources to develop all services and be the best at everything. At the same time, users want to have access to all services and preferably in one place. That is why the platform will be open and allow users to connect third-party services to earn money and use them at work. 11

12 TOKEN USAGE ON THE PLATFORM STIPS tokens will be the core of the ecosystem, be given to users for valid information, and be used as payment for the extended functionality of the platform. Token depositing into the user s account will be batched for monthly platform usage. Platform functions: Regression analysis Technical analysis Communication tools for users (chats) User tools for direct trading with exchanges Trading algorithm testing Sentiment-analysis News aggregator Connectable funds and many, many more Functionality and interfaces are partly an integration of the existing services Cryptowatson, Haasbot and Cryptopanic. That is why the best practices and usability of these services are included in this platform. SYSTEM INTERFACES The system is built on sockets. All services are in a single window. The system will include dashboard functionality. The end user will be able to place and choose tools as he/she likes. Each separate tool will be available as a widget that the user can add to his/her dashboard. When adding to the dashboard, the user sets the necessary parameters. For example, it is possible to form a dashboard that includes all the information on a certain token, trading volume in this wallet, twitter news, and messages status for the currency. It is also possible to trade this token here using a trading algorithm written by other developers. STIPS Oculus will become a living body created by the community in accordance with their needs. 12

13 token paper STIPS TOKEN STIPS is a token built on the EOS blockchain. STIPS is a utility-token and the core of the STIPS FinTech ecosystem. The project s economy, based on the token, is aimed at the project s constant development and ensures the decentralization of incoming information, which, in turn, minimized damages and manipulations common for centralized data aggregators. Tokens are continuously traded in the system, and users can spend tokens inside the ecosystem and receive them for their support in project development. The most important function of the token is stimulation, which allows for unlimited ecosystem development. TOKEN APPLICATION IN STIPS OCULUS 1. Monthly Subscription In Oculus the token will be used as payment for the monthly subscription, which provides access to the platform s full functionality. The basic amount for the monthly subscription is 100 STIPS (this sum may change depending on the token s price on the market). All tokens collected in payment for platform subscriptions will go to platform development, maintenance, and user payments. 2. Platform Maintenance A portion of resources is spent on: staff; server maintenance; and other expenses. 3. Payments to Users The unique system of token motivation means that active platform users collect a payment in the form of STIPS tokens for providing different information to the platform. The basic amount is 5 STIPS (this sum may change depending on the token s price on the market). The payment is made only for valid information. Supervisors of the Oculus platform get 2x payment for information (see the platform description for more details on the rating system). TOKENOMICS CALCULATION FOR THE STIPS OCULUS PLATFORM Tokenomics calculation has been made based on two scenarios funds raised in accordance with Hard Cap and Soft Cap. During calculation, the following data was simulated: Incoming STIPS tokens flow, which is generated by user subscription payments for access to the platform s expanded functionality. Outgoing STIPS tokens flow, which is payment to users for providing valid information to the platform. Balance of the incoming and outgoing STIPS tokens flows to ensure viability of tokenomics (that there s no tokens deficiency during platform operation). Ratio of tokens participating in the platform s operation to the total volume of STIPS token emission. 13

14 Optimistic scenario: the amount of Hard Cap is raised (extract from the model). Worst-case scenario: the amount of Soft Cap is raised (extract from the model). The tokenomics model of the STIPS Oсulus platform is viable with funds raised in the amount of both Hard Cap and Soft Cap, taking into consideration allowances, the maximum deficiency of the token comes in the 7th quarter of project operation and equals 3,205,825 cumulative STIPS tokens. This deficiency will be smoothly offset from the Oculus Experts Fund, which is accounted for in token distribution model and equals 9,743,417 tokens. Beginning from the 8th quarter, the platform will have a positive flow of STIPS tokens. In the 8th quarter of the project s operation, STIPS token turnover on the STIPS Oculus platform will be 105% of the total volume of token emission in the optimistic scenario and 58% in the worst-case scenario. 14

15 STIPS Funds In the ecosystem funds, tokens will function as a means of paying the participation fee. Users have the ability to pay fees either with the Fund token (forced payment) or with STIPS tokens, for which the user gets a 30% discount. The user can either buy STIPS tokens in advance and deposit them into their account or buy them through his/her user account directly via the Bitcoin/Ethereum platform. A portion of collected tokens will go towards paying third-party fund managers. STIPS TOKEN BURNING 10% of all incoming STIPS tokens flow (platform fee, funds fees) will be accumulated and burned quarterly until 30% of all issued STIPS tokens are burnt. Foundation Curators Token burning 15

16 TOKEN GENERATION EVENT TGE date Token name Planned for September 2018 January 2019 STIPS Number of issued tokens 243, 585, 434 STIPS Token architecture Number of tokens available for sale at the ICO Raised on private sale EOS 146,151, STIPS $1.4 M Stage I ($1.4 M-$4.4 M) $0.07 STIPS token price Stage II ($4.4 M-$7.4 M) $0.085 Stage III ($7.4 M-$11.4 M) $0.10 Payments accepted USD, BTC, ETH, LTC, BCH, EOS Tokentype UTILITY token SOFT CAP $4,400,000 HARD CAP $11,400,000 New coins cannot be issued, created or mined after the ICO starts. 16

17 DISTRIBUTION OF STIPS TOKENS USE OF FUNDS BASED ON THE ICO RESULTS 17