HOUTON TOKEN WHITE PAPER

Transcription

1 HOUTON TOKEN WHITE PAPER W W W. H O U T O N. I N F O

2 Abstract Introduction Our Vision Problems and Our Solution Technical Distribution Wallet Roadmap Conclusion Disclaimer T A B L E O F CONTENTS

3 A B S T R A C T

4 A B S T R A C T Houton token is a global payment system built with a main objective of simplifying the transfer of funds all over the globe. Houton Token is a platform for creating and trading custom digital currencies. It is regulated by an autonomous algorithm having methods that have been deduced based on the traditional financial markets. Houton token was built with a primary objective of securing the financial transactions.

5 I N T R O D U C T I O N

6 I N T R O D U C T I O N Crypto currency can be very well defined as digital currency. As the name suggests, crypto currency is a form of online currency that is secured using various encryption techniques. This online currency is used to secure financial transaction and to verify the transfer of assets from one financial model to another. What role does encryption has in crypto currency? Encryption is a method of securing some information in such a way that only the addressed recipient has a permission to view it. In order to carry out this, we have public and private keys. Encryption follows the mechanism of lock and a key. Just as every lock is designed to have a unique key, the encryption techniques in crypto currency also have a key for decryption. Public and private keys are the two types of keys that are employed for this purpose.

7 Public Key: Any key is called as a Public Key when it is shared with all the desired recipients. Private Key: Any key is called as a Private Key when it is shared with only one desired recipient. We can summarize the role of encryption in crypto currency as making the information secured in a way that no intruder can decode it. Two things you should know about Crypto Currency Cryptocurrency is not controlled by government or any bank. Its value is determined by the Internet and it is extremely volatile. Some of the common terms that are associated with crypto currency are as follows Public Ledgers: All the records of our transactions with our bank are recorded in our account statement. This is done right from the time we open an account until the present day. Crypto currency also works in a similar manner. All the transactions, right from the day the currency is created, is recorded in a public register in an encrypted format. This ledger also saves the details of the currency owners and the spenders. The common term used for public ledgers is blockchain.

8 Transaction: Transaction is a transfer of funds between two financial bodies (wallets). The details of these transactions are stored in public ledger. When a transaction is made, its details are saved in the public ledger and the background process of verification is initiated. Every owner of a wallet is allotted a signature for identification. This signature is also shared in an encrypted format when a transaction is requested. Once verified, the transaction is carried out and added on to the public ledger. Mining: The process of confirming the transactions and adding them on to the public ledger is known as Mining. The process is not as simple as it appears to be. The miners (the individuals who carry out the process of mining) are expected to solve a complex mathematical problem in order to add a transaction. A transactions, once added, is referred to as a block and the further transactions are appended to it. The miner, in turn, gets paid for his efforts in the form of some coins. The crypto currency transactions are Irreversible Once a transaction is made, it cannot be reversed. Permission less You do not need to take permission from any individual to initiate a transaction.

9 Fast You can carry out the transaction sitting comfortably at your home to any part of the world. The transaction is carried out in a few minutes time. Pseudonymous You cannot view your coins the way you can see your money. These coins are more like addresses having a combinations of numbers. And that is their identity. Secure Your transactions are carried out in secured encrypted environment. How can I use my crypto currency? Buying goods There are a lot of merchants out there who use crypto currency as the form of payment. Investments You can invest in crypto currency but keep in mind that there is risk involved as these coins have a fluctuating market value. Mine You could solve the complex cryptographic problems and record them in the public ledger for others. You will not only receive a transaction fee but also a reward for your hard work. Accept as a payment You can accept crypto currency as payments using various hardware devices, phone apps or by simply scanning the QR codes.

10 O U R V I S I O N

11 O U R V I S I O N HoutonToken is devised as a solution for the fundamental problem in question, and takes into account the problems and challenges faced by the global finance system. HoutonToken asset is a HIGH-volatility crypto currency with predictable and dirigible price development. It may be employed both as a means of settlement and a means of saving. There are two factors that make HoutonToken unique: HIGH volatility of the coin (within a fivepercent range) achieved autonomously with traditional financial tools; Predictable and controllable annual growth of the coin s price which correlates with average annual price growth calculated for a portfolio of most popular altcoins. The long-term value of this token is based on its annual growth. It is found to be approximately 33.6%. HoutonToken is a multi-purpose tool equally useful for trading, long-term investment and routine financial operations.

12 PROBLEMS & OUR SOLUTION

13 PROBLEMS & OUR SOLUTION Crypto currency involves some risks and that is the reason why few traders often give speculations to destroy cyrptocurrency ecosystems. It is these traders who have a constructive role in our HoutonToken s system. As you know the price of the Token is generally determined by the market, encouragement of trading activity is a must. It will serve as a tool that could be used by the Token s autonomous algorithms to keep the price of the Token within a certain range. This controllable price surge over time will make HoutonToken a profitable asset for investors. The second volatility control tool in HoutonToken is Token parking. It meets the strategy of medium and longterm investments. Due to its price predictability, high-speed transactions and price predictability, online retailers and regular users will be able to use HoutonToken as a means of payment and value storage. HoutonToken excludes both exchange losses and service payments.

14 HoutonToken is a unique and innovative solution. The factors that make this Token unique are as follows- Range of the Token The range of this token has been noted to be approximately within 5%. It is achieved autonomously with the help of traditional financial tools. Algorithm of the Token HoutonToken uses autonomous algorithms to keep the price of the Token within a certain range. The encouragement of trading activity is the tool which proves to be of great help. Growth of the Token The annual price growth is calculated for most popular alttokens. The predictable and controllable growth of HoutonToken s price correlates very much with this annual growth price. Parking of Token The second volatility control tool in HoutonToken is Token Parking.

15 TECHNICAL

16 TECHNICAL HoutonToken tackles the issue of high volatility by automatically regulating demand and supply at exchanges. According to blockchain technology, the tokens use techniques to secure the transactions and make it harder to any external attacks. These techniques are known as algorithms in blockchain. We have written smart algorithms that will encourage our coin holders to buy, sell or keep their assets depending upon the balance of supply and demand at the given time. Houton has a main exchange where the assets are stored, bought and sold. Houton takes appropriate measures while assessing the markets conditions and invokes an asset price at the main exchange effectively. We ensure that the selected exchange is the most secured one amongst all the exchanges currently in existence. The prices that are traded for assets will always correlate with those at the main exchange.

17 DISTRIBUTION

18 DISTRIBUTION The price of an asset is always determined by its supply and demand. In this case, Houton Token does nothing as the price remains within the predetermined range.

19 Distribution model We have the ambitious goal to achieve 1 billion users in our ecosystem providing unique products and services. Our team is committed and expect to accept Houton coin in return for its selected products and services it will offer from time to time. The payout HoutonToken will be as per proof of work (PoW) model. In blockchain technology, Proof of Work model is followed to ensure that there are no cyberattacks by multiple spammer requests. Pre-Mined Token We have mined about 350 million Token which will be mainly distributed to users and developers. The pre-mined tokens have been a great benefit for those who have invested right at the start as they can spend it as and when needed or give it to someone else.

20 WALLET

21 WALLET A crypto currency wallet can be defined as an online wallet that is used to spend and receive the currency using the public or private keys. There are different types of wallets in cryptocurrency. Desktop Wallet These are typically softwares that are used to send, store and receive cryptocurrency. These wallets also help you to track your transactions. Online Wallets These wallets are used to store your currency online. They can be accessible from anyplace. Mobile Wallets As the name suggests, these wallets are generally mobile apps which are accessible through your mobile phones. Paper Wallets These kinds of wallets involve paper wallet services where in transactions are carried with the help of a paper. A QR code is shared which has a public key and a private key to carry out the transactions.

22 Hardware Wallets They are hardware devices used to store the currency and the keys electronically. Houton Token can be stored in Houton Token Wallet. You can store them in Windows-Wallet, Android Wallet or in Apple IOS Wallet. These wallets work closely with remote blockchain data and are very easy to set up.

23 R O A D M A P

24 R O A D M A P With help from our teams, contributors and investors these are the milestones our community can look forward to: 3RD QUARTER OF 2017 The Idea Of Houton Token And His Future Growth Discussion With Right Frame Of People From The Market. TIMELINE TH QUARTER OF 2017 Gather All The Necessary Information On Development And Maketing Strategy For Houton Project. 1ST QUARTER OF Arrange Al The Technical And Marketing Team For Houton To Go Out

25 04 2ND QUARTER OF 2018 Development Of The Website, Social Media Activation, Legal Documents Reparation Also Prepared A Smart Contract With ERC20 Token In The Name Of Houton. 3RD QUARTER OF 2018 Get Houton Token To Listed On Minimum 3-4 Good Exchange So Member Can Start Buying Houton Token And Hold Fo Handsome Return In Future TH QUARTER OF 2018 Launching Our Own ERC20 Based E-Wallet And Mobile Wallet Application, At Least With 20 Merchandiser To Accept Houton As Their Preferred Payment Option.

26 Houton monetary policy serves the main purpose of making HoutonToken a global reserve cryptocurrency. In order to attain it, HoutonToken will have to meet the following principles: Simplicity and high speed of transactions Exchange rate stability and predictability against U.S. Dollar Market cap of $1 trillion Houton Token will consistently administer policy of increasing (HOT) price against USD on the basis of the growth rate of 33.6% annually. Once HoutonToken issuance is over at block 5,400,000, its price will reach $7,600 or more, and market cap $1 trillion. This market cap will also for using (HOT) as a global payment unit as the volume of available dollars will have comprised 4.5 to 5 trillion at the time in question, should the existing trend persists. The Houton Systems team intends to implement extended functionality of Houton Ecosystem by incorporating such applications as Houton Market, Houton Exchange, and Houton Platform. Implementation of those products seeks to expand the coin s sphere of circulation, thus driving demand for it.

27 C O N C L U S I O N

28 C O N C L U S I O N We aim at delivering a great experience for our users and hence, have followed a realistic way to deliver our services. We have devised a well-thought architecture keeping in mind the best practices of the industry. Our solution is secure and reliable. We have analyzed the currency requirements for a fair economy. We have engaged with domain experts in blockchain and information security while developing our coin network. We have also identified the important features that could be implemented in near future.

29 D I S C L A I M E R

30 D I S C L A I M E R This whitepaper does not provide any type of legally binding contract. It does not constitute an offer to sell or a solicitation of an offer to buy a security in any jurisdiction in which it is unlawful to make such an offer or solicitation. Anyone looking to invest in HoutonToken should seek professional advice. This English-language White Paper is the primary official source of information about the Houton Token. The information stated in this White Paper may be used for written or verbal communications with existing members or partners or someone else. It could also be translated into other languages from time to time. There can be occurrences that some information contained in this paper could be lost, corrupted or misunderstood during translation or during communication. Its accuracy cannot be guaranteed. In the case of such conflicts, the provisions of the original English-language document shall prevail.