Alternative currency for everyone WHITE PAPER. Ver Part. 1. -The beginning of virtualcurrency- Part. 2. -Block chain is- Part.

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1 Alternative currency for everyone WHITE PAPER Ver Part. 1 -The beginning of virtualcurrency- Part. 2 -Block chain is- Part. 3 -What Evercoin- Part. 4 -Evercoin Vision-

2 -The beginning of virtual currencies- Bitcoin is an online virtual currency (digital currency) that has no physical form, unlike a banknote or coin. It was invented by an unidentified computer programmer disguised as Satomi Nakamoto in 2008 when the US financial crisis was on the rise. In particular, 2009 was the year when the Fed began massive quantitative easing to supply the market with a huge amount of dollars. As the dollar depreciated, Bitcoin began to attract attention as an alternative currency. Bitcoin is a method in which buyers and sellers pay directly by eliminating a third party such as a credit card company, so transaction costs rarely occur. Also, anyone can easily create an account. Therefore, Bitcoin can be very useful for transactions such as overseas remittances or micropayments. Foreign remittances through banks are inefficient because they are time consuming and costly. In addition, 70% of the world's people do not have bankbooks, so there are many people who have restrictions on their use. It is often the case that a small amount of payment is burdensome for the seller because of the bank account transfer and the charge structure of the credit card. Bitcoin can provide value in these transactions that the traditional means of payment do not. Users can send and receive Bitcoins as if transferring money through internet banking through 'Wallet' program downloaded from the Internet. You can buy or cash a Bitcoin at an internet exchange site. Bitcoin has already been used in cash in Europe, North America and China, and in Korea, transactions have been steadily increasing through Bitcoin Exchange. The average monthly transaction amount based on the top 3 domestic coin exchanges BITSUM, COBIT and COIN was KRW 47 billion, but the daily transaction amount reached more than KRW 8 billion only in domestic market Bitsum September As of early October 2017, 1-Bitcoin in Korea is trading at around 4.6 million won. The issuance of money and histories of users' transactions are monitored and disclosed to the whole network, and transaction records are also approved on the whole network. A set of all new records is called a block, and the entitlement to create it is given to the miner who has solved math problem. In other words, obtaining a Bitcoin through mining can be called a cost of forming a block by combining new transaction records. When blocks are chained, they are all transaction records so far, called a block chain. Block chains are also called public ledgers. Page 01

3 Can you believe that if you can send money directly to anyone in the world without using a bank? Probably, you can save the commission for exchange and remittance. What if there is a cloud storage that does not require a server? No base to be attacked from hackers, so you can keep your data more secure. What about an Internet address system that does not require an administrator? It will not be necessary to fight due to the internet address. The three cases mentioned above are not imaginary. All are already implemented technically. The key technology enabling all these is the block chain. A block chain is a chain of transactions that considers transaction information as a single block and links it sequentially. This book is open to everyone, unlike a book kept only by traders in reality. At first glance, it is dangerous because the contents of individual transactions are exposed to all. However, on the contrary, it is much safer and more convenient. Let's start with convenience first. The block chain does not need a 'third party' accredited by a government such as banks when trading. Individuals can trade directly without using a bank. This is called Peer to Peer (P2P). P2P is not a strange way. Maybe a lot of people have experienced it for years. Music download sites such as 'SORIBADA', video downloads sites, and torrents all use P2P networks. These sites provide us with convenience, but every time we use it, there is a bit of frustration. "Where is the file I m downloading now coming from? Is it trustworthy? It is probably because you cannot trust the unknown person connected to you. Here safety issues arise. We shop online and send money without any doubt to the stranger whom we do not even know, because the bank guarantees the transfer and transaction history of our money. If there is no bank, something else has to prove that the transaction history is not forged. The block chain is the alternative for the bank's guarantee function using an open unique algorithm. It is a way to distribute the function of agreement to network participants. Recently, with the participation of enthusiastic supporters of block chain technology and increased enthusiasm for investment, the rapidly growing cryptocurrency market with a market capitalization of 100 trillion won has been rapidly emerging as a new wealth creation market. Unlike in the past, it is a phenomenon that has not been seen before as it has begun to change the world's wealth in the sense that it is a market formed mainly by individuals rather than corporations. <Features of the block chain> Transparency : Anyone can track remittance records transferred to another account. Immutability : Once a transaction is approved, it cannot be canceled and no one can interfere in the transaction. Low Fee : There are very few transaction fees. Without a border : As in the immediate area, you can easily send funds to any country in the world. Fast speed : With the smooth and transparent nature of the block chain, remittances can be checked almost instantly within minutes. Page 02

4 -What Evercoin?With the information revolution and the development of IT technology based on the world wide, the concept of virtual money has emerged. This is causing a tremendous change in the flow of existing currencies. Can you imagine how many virtual currencies exist on earth? There are about 1000 kinds of virtual currencies around us, while we do not even know most of their existences. Generally, virtual currencies are called by various names such as e-money, electronic currency or cyber money, but all are included in the same concept. They are all created and used for the similar purposes. The development of IT technology is making a great contribution to widening the range of money and certificates electronically exchanged. And it is Bitcoin that draws a stroke even in this virtual money. Since then, many developers have been influenced by Bitcoin, and have become involved in coin making. Various virtual currencies such as Etherium, Doi Ticor, Black Coin, and Light Coin are beginning to emerge. The word collectively called these currencies are called Altcoin. It is called the Altcoin by abbreviating the alternative coin as the word referring to the virtual currencies excluding Bitcoin. One of the most popular among the various Altcoins is Light Coin. Light coin is a cryptocurrency released by Charlie Lee, Google's former software engineer and director of CoinDivision Coin name Contents LITECOIN Introduction day October 2011 Country of use Worldwide base on October 7, The unofficial abbreviation used among cryptographic investors in Korea is "RAKO It is a derived currency of Bitcoin, and although it uses the same algorithm as Bitcoin technically, there are some Classification Encrypted, virtual currency Symbol, unit LTC,t We can easily find Charlie Lee representing Light coin on POW (Proof-of-Work) various medias. It is contrasting to Bitcoin made by un- Issuing method Maximum volume 84,000,000 LTC big differences to differentiate it from Bitcoin. known developer. Page 03

5 Evercoin has a coin called Evc which is used in the network as Light coin series among many coin lines and is an alternative coin that will act as a medium to enable efficient exchange between various virtual assets. -EVC Technicak Info.Division Contents Coin name EVERCOIN Unit EVC Server Payment Compensation POW (Proof of Work) Encryption type scrypt Difficulty of Algorithm Kimoto Grvity Well Time difference between blocks 50 Block compensation 100 coins per 1 Block Block half-life 73,500 Block Total coins 210,000,000 Publication period ~2040 -The differences between Evercoin and Bitcoin Evercoin was developed with Light Coin in mind, but almost all of the technical aspects are the same as Bit coin. However, it aims at better virtual currency by securing the disadvantage of Bit coin, and the big differences from Bit coin are as follows : 1. Difference in block processing time The Bitcoin block is updated every 10 minutes, but the Evercoin block is updated every 2.5 minutes (1/4 of the Bitcoin s. The Evercoin network can identify the block at a faster rate than the Bitcoin network and demonstrate more potential. 2. Difference in cryptographic algorithms Bitcoin is based on SHA-256, but Lite coin uses a cryptographic algorithm called Scrypt. For a while, Scrypt has not been implemented efficiently using ASICs and FPGAs, so its graphic cards last longer than SHA-256 of Bitcoin. By the end of 2014, ASIC diggers for Light coin began to be released, and its efficiency continues to develop, and now Light Coin ASIC diggers have begun to dominate the market. Evercoin, like Light Coin, its mining efficiency will soon be improved. Page 04

6 3. Difference in amount of issue Evercoin will eventually make 210 million Evercoins. It is possible to produce exactly 10 times more currencies than that of Bitcoin (21 millions). -Expertise of Evercoin The Evercoin Executive Management Team is a unique combination of many specializations to successfully design, develop and implement EVC solutions. [Technology system] EVC's technical staff consists of team members trained in all aspects of information technology, including operating system services, business application software development and data center operations, maintenance and security. EVC partner's software applications are based on the same n-tier architecture as the worldfamous programs. This allows the best response within the technical team to respond to changing business requirements [Cryptocurrency] The EVC technical team is closely involved in the development of several encrypted currencies and has been devoted to the phenomenon cryptocurrencies at the technology and business level for many years. The EVC technical team provides a configuration that allows anyone to manage their own encrypted currency without having prior knowledge of encrypted block chain. [Securing security] Vulnerabilities exist in all types of institutions, including current exchanges, investment banks, and small scale transaction data. Even in the most secure world of encrypted money, this security concern is significant. Therefore, the Evercoin Exchange focuses on blocking international hackers' entry into the market by communicating with many industry experts for security. [Transaction Tracking System] The anonymity of virtual money can be exploited more in various fields such as Money laundering and drug trafficking etc. Stability Anonymity Volatility Block Chain -Exchange -Payment reserve ratio -Wallet -Exchange information -Volatility control -Many users <Transaction Tracking System> Page 05

7 -Evercoin Vision-Value as a third generation currency Through Bitcoin encrypted currency, we have already proven that Bitcoin also has the property of a security asset that is already prevalent in the real economy. Encrypted money, like security assets, cannot be counterfeited, tampered, has a limited amount of currency that no security assets have, and its transaction histories are transparently disclosed. We will prove the value of Evercoin as the third generation currency and make it possible for anyone to trade in the currency they want. Complement of volatility Proof of possibilities as safe assets Flexibility of anonymity -No forgery, no tampering -Limited total currency -Disclosure of transaction histories Securing safety Securing the possibility as a third-generation currency Enhanced Security Growth into third generation currency Build various infrastructures of encrypted currency Provides service manuals through various business exchanges based on block chain technology Establish global exchange through network strategy Will be listed on the world famous exchange market with continuous value increase Increased value of coin brand through active community activities Increased use of Evercoin by developing various contents Increase in the amount of mined Coin distribution network affiliation and sales Increase coin transaction on exchange Valuation of Evercoins Page 06 Investable virtual currency Rising value of Evercoin

8 -Business promotion strategy for Evercoin [Strengthening Token Systems] Evercoin block chain token systems has an application that allows the trading system to be implemented on the network. The trading system has dollar / gold interlocked sub-currencies, stocks, smart assets (assets controlled on Bitcoin block chain) coupons and a token system not normally associated with a traditional monetary value etc. [Strategies for securing potential base users through demonstration projects] From the project period, we can expect the effect of securing potential customers (potential EVC community participating customers) by conducting various community currency development through many demonstration projects that are continuously carried out by sector. [Global business infrastructure and synergy strategy] In addition to being listed on the coin market in the global exchange network business, the global international remittance business, the international block chain application technology business, and various merger partnership businesses, it can be used as a key currency to secure large-scale actual demand through the already secured global business infrastructure. [Platform-based EVC ecosystem strategy] The EVC Block Chain Platform will expand the opportunities for more people to participate in the EVC community by aggressively securing extra budgets for expanding ecosystems and finding and developing start ups. Flow chart for Evercoin Creation and Use Use like cash Mining of Evercoin Create wallet on homepage Exchange at exchange Page 07 Save in wallet Used for transactions

9 -Create Evercoin Personal Wallet Currently there are many ways to make wallets for Bitcoin and other virtual money. You can also use dozens of Bitcoin wallet generator websites, and there are countless Bitcoin wallet applications coming up when you search for Bitcoin wallet in the Google Play Store or App store. However, these wallets are basically difficult for beginners to use. Once you create a wallet, you will be given a public key, a secret key, and a QR code, and if you leave the browser without recording this information, you will never be able to retrieve the information in the wallet. In fact, most Bitcoin generation services are not officially' run '. Most developers are uploading their own Bitcoin wallet-generating websites or apps, so there is no customer service. Therefore, it is absolutely the user's responsibility to lose information in the wallet. On the other hand, 'Evercoin PC Personal Wallet' is aimed at 'easy wallet', which is easy to use without any burden even if beginners forget the information on the web. The wallet for Evercoin PC can be downloaded from besco.io site. It is the most important feature that you can install it on your PC and store it on your PC or personal hardware without storing it on the exchange. The wallet for Evercoin PC will be suitable for users who want to use comfortable and simple services, users who want to send / receive Evercoins without accessing the Trading Exchange site, and users who want to keep their coin more secure and maximum assurance of anonymity. When a coin is stored in a block chain or other exchange, the drawbacks are : 1.The user must take responsibility for recording and managing various information. 2.Once a password is lost, it is difficult to recover. It is a personal wallet for Evercoin PC that was developed to make up for those shortcomings mentioned above. (EVC-WALLET) 1. Store and securely manage the Evercoin in your personal wallet without storing it on the Exchange site. 2. Prevent loss of coin due to hacking of exchange site and web server by storing in personal PC or personal store. 3. EVC transactions (coin send / receive) between individuals can be conducted through the wallet without going through the exchange, so transactions are not left on the exchange. 4. It is easier to operate than the exchanges, making it easier for novice users to operate and manage. <에버코인 개인지갑 실행화면> Page 08

10 Apply various payment systems Use like cash On/offline shopping Global Investment Game money Apply to media Make payments Use as a payment Use as domestic and Use as game money Use bitcoin and other at the EVC merchant method when purchasing overseas financial when using online virtual currency-related like cash or convert products from EVC investment and fund game & purchasing information community to cash at the exchange affiliate shopping mall creation investment game items. publishing Various examples of the use of virtual money [Virtual currency gale] Why did Japan accept virtual money as a means of payment?...chosun Biz Some countries are taking steps to approve virtual currency. Typical examples are Germany and Japan. Germany already recognized Bitcoin as a payment instrument in 2015, and the Japanese government also recognized Bitcoin as an actual payment method last month. Some Japanese airlines have also allowed to purchase airline tickets. Japan acknowledged Bit coin as a means of payment, which is analyzed as a measure to boost economic vitality by using Bitcoin as a complementary material by enhancing the convenience of foreign investors who are burdened with cash-based transactions. Professor Inho Korea University said, "In Japan, where cash is preferred, it seems to be presented as a solution to the problem that foreign tourists have to exchange all transactions with the yen which may be burdensome and may shrink the deal." View original article: How is the virtual currency Bitcoin and its core technology, the block chain, used globally?... Newstown Economy In February 2016, the US Securities and Exchange Commission approved the online retailer Overstock s plan to use block-chain technology to issue securities without going through a stock exchange. In the UK's Royal Mint announced that it would trade gold with a "block chain" based system. Looking at the situation of the three countries in Korea, China, and Japan, three large banks in Japan, Mizuho Bank, Mitsubishi UFJ Financial Bank and Mitsui Sumitomo Bank conducted a remittance test using virtual currency technology. During the past quarter, China's three largest coin exchange trades accounted for 98% of global trading volume. View original article: Page 09

11 -Marketing Plan for Evercoin [Viral Marketing] The most effective form of advertising is mouth-to-mouth. Among the various marketing advertising methods, the most diffusive way is to communicate through people. Evercoin is building an EVC marketing system that connects people with people. EVC's rewards include a viral marketing process designed to provide incentives and buyers for financial traders, referring new buyers of coins. Buyer can earn commission and shopping rewards points for all transactions in any EVC transaction, either individually or by anyone. Buyers can share their EVC with their friends, acquaintances and family members and receive free commissions and reward points. [Certified Direct Selling Strategy] The EVC business team and Evercoin partners are creating training and sales force to build buyer networks around the world. Qualified direct sales representatives implement sales activities to build a network of large unlimited buyers. It will earn a percentage of the marketing costs from all purchases. Beginning with major cities in the country, including the development of sales force, it will be developed with the aim of entering international markets worldwide. Become a worldwide coin brand and enter the major exchanges to be listed. -[Certified Direct Selling Strategy] Token Allocation 50% Use of Proceeds 25% Token Sale Reserve Reserve Team, Advisors & Early contributors 15% 10% 10% Tech Company 30% Community group & Strategy Partners Marketing Expense Biz Development 15% Foundation 15% 15% 15% Page 10 Strategy Partners

12 -Conclusion So far, we have explained the central value of the EVERCOIN project, and to this end, three major categories of platforms are under development. The first is the EVER-COIN (EVC) platform. The coin platform will serve as a kind of incubator that will generate a lot of value and various usage system around the encrypted currency called EVC. It will have more functions as a currency beyond the limitation of the use of the existing coins. Second, the EVC Block chain platform will be developed as a system capable of creating a block-chain net work that will be used by many enterprises and organizations. Rather than constructing a Bitcoin network with increasing difficulty, it is on the process of implementing DBMS(Data Base Management System) that developers with little development experience can use block-chain technology as an open-source platform. Third, we will open the block chain network exchange for the successful settlement as an encrypted currency in the future and the protection of customers' assets, so that we will configure the platform where anyone can freely use the exchange and be recognized as a true safe asset. In order to develop such a platform, we have extra budget and TF TEAM as a very important factor in building projects and platform-based systems with experts in various fields. Evercoin will take the lead in promoting block-chain technology and popularizing encrypted money, eliminating unnecessary structures and inconvenient online trading systems, and spread explosively to the public. The new craze will be our Evercoin and it will be established as a priceless digital currency on all online occasions. -REFERENCE [1] [2] [3] [4] [5] [6] [7] [8] [9] Page 11