One coin for six global banking and ecommerce solutions Version

Transcription

1 One coin for six global banking and ecommerce solutions Version

2 DISCLAIMER OVERVIEW This English language white paper is the primary official source of information about the Nauticus Coin ( NTS ). Nauticus reserves the right to, if necessary, make changes and edits to this document. You should ensure that you have read and understood the most up-to-date version of the white paper. The purpose of this white paper is to present Nautica Group ( Nauticus ) and its related product solutions to potential future users in connection with the proposed token sale. The information set forth in this document may not be exhaustive and does not imply any elements of a contractual relationship. The document s only purpose is to provide relevant and reasonable information to potential users in order for them to determine whether to undertake thorough analysis and engage in the company s services and use NTS. NAUTICUS COIN (NTS) NTS is a utility token and is not a digital currency, security, commodity, or any other kind of financial instrument and is not registered under any securities laws within the Commonwealth of Australia or any other jurisdiction. NTS cannot be used for any purposes other than those provided in the white paper, including but not limited to, any investment, speculative or other financial purposes. Nauticus will not be held liable for any loss incurred due to financial trading by the user. NTS is not intended for sale or use in any jurisdiction where sale or use of digital tokens may be prohibited. NTS confers no other rights in any form with respect to Nauticus, including but not limited to any ownership, distribution (including but not limited to profit), redemption, liquidation, proprietary (including all forms of intellectual property), or other financial or legal rights, other than those specifically described in the white paper. 2

3 NAUTICUS COIN IS NOT A FINANCIAL PRODUCT. THIS ICO IS NOT IN ANY WAY OR FORM A MANAGED INVESTMENT SCHEME OR FINANCIAL SERVICE, NOR IS IT AN OFFER OF SHARES. IT IS A SOFTWARE PRODUCT CREATED FOR THE BENEFIT OF THE TRADING AND RETAIL COMMUNITY. NTS IS PURELY A METHOD OF CONDUCTING TRANSACTIONS AND ACCESSING EXTRA DISCOUNT BENEFITS ON THE NAUTICUS PLATFORM. THEY SHOULD NOT BE TRADED FOR OTHER ITEMS OF VALUE ON THE BELIEF, ASSUMPTION OR POSSIBILITY THAT THEY MAY INCREASE IN VALUE. PLEASE CONDUCT YOUR OWN RESEARCH PRIOR TO MAKING A DECISION. CAUTION REGARDING FORWARD-LOOKING STATEMENTS Certain statements, estimates and financial information contained in this white paper are considered forward-looking statements and information. Such statements relate to Nauticus s current expectations and views of future events, based on current expectations and projections, financial trends and market conditions. All statements and information contained in this white paper with respect to the future business activities, performance or profitability of Nauticus or NTS are to be considered forward-looking statements unless otherwise specified. These forward-looking statements are a statement of Nauticus s objectives only, and are not a forecast or prediction of future results of operations. Although the forward-looking statements contained in this white paper are based on what Nauticus believes are reasonable assumptions, Nauticus makes no guarantee that these forward-looking statements will be accurate and results relating to these forward-looking statements may differ from initial expectations due to factors outside Nauticus s direct control including the level of success of the ICO, changes in market conditions and/or legal and regulatory changes that may affect Nauticus s operation. 3

4 TABLE OF CONTENTS 1.0 THE PROBLEM EXECUTIVE SUMMARY VISION SUCCESS ROADMAP MARKET CRYPTO AND FIAT CURRENCY EXCHANGE Discounted fees strategy Security and Nauticus wallet Ultra low fees and live market rates Smart interface 16 ` 6.5 Competitors Revenue assumptions Crypto exchange revenue Foreign exchange money transfer Payment processing revenue Nauticus market share Other revenue opportunities Projected staffing levels Platform architecture key technical features Core systems components Key technical aspects and challenges Customer profile Future growth Survey data BLOCKCHAIN MINING Sustainable and socially responsible Illustrative costs and revenue ICO PLEDGE ICO update ICO attributes Sales timeline and bonuses ICO allocation TOKEN AND USER BENEFITS FUTURE PLANS ecommerce: Nauticus marketplace Merchant payment platforms Retailers can accept any currency Know your customer Key verification process ICO Gateway REGULATIONS AND COMPLIANCE ADVISORS AMBASSADORS KEY TEAM MEMBERS SUPPORT TEAM 56 4

5 1.0 THE PROBLEM A monumental leap for global banking and ecommerce Nauticus provides user-friendly, efficient and secure crypto banking, payments and ecommerce solutions utilizing blockchain technology, underpinned by the Nauticus Coin. 5

6 THE PROBLEM Cryptocurrency exchanges pose a high barrier to entry for everyday people. They re bafflingly complex for novices and most exchanges provide for just a single fiat currency if they allow for fiat at all. Users often need to sign up to half a dozen exchanges to be able to buy all of the different altcoins they wish, resulting in hefty fees moving from fiat in one marketplace, to crypto in another. Cryptocurrency is hard to spend in the real world and the industry is poorly regulated with attendant risks to user funds. THE OPPORTUNITY Cryptocurrency trading fees Payment processing fees Foreign exchange trading fees Solving these issues presents enormous opportunities. The total market cap of cryptocurrencies increased from $26 billion a year ago to around $350 billion today. With 100,000 new users signing up to exchanges each day, and major players such as Binance earning hundreds of millions in fees, there are unprecedented prospects to capitalize on this explosive growth. Increasing regulatory oversight will provide security and stability, and spur mainstream adoption. THE SOLUTION The Nauticus Exchange is designed to be the only exchange users ever need a one stop shop offering 300 cryptocurrencies and 16 fiat. Users from around the world will be able to buy whatever crypto they wish using their own nation s money. The Exchange will also enable users and merchants to send and receive payments internationally like PayPal and Western Union combined, but with much lower fees and live market rates. More than 200,000 users have already signed up to the platform and Nauticus is registered with Australian Government regulator AUSTRAC. 6

7 2.0 EXECUTIVE SUMMARY This white paper provides a comprehensive insight into the Nauticus Initial Coin Offering (ICO), running from March 31 to May 18, One coin for six innovative solutions, aimed at all types of users, from individuals to businesses, and every level of government. Nauticus provides user-friendly, efficient and secure crypto banking, payments and ecommerce solutions utilizing blockchain technology, underpinned by the Nauticus Coin. The Nauticus crypto and fiat currency exchange is in development and due to open in mid It will trade in 100 cryptocurrencies at launch, and more than 300 within 12 months including Bitcoin, Ethereum, Ripple, Nauticus Coin and many others. Nauticus Coin users will receive 50 percent discount on trading fees in the first year, which will spur the adoption of the coin and support its value. More than 200,000 users registered in the first five weeks after the project was publicly launched. Nauticus will also establish a sustainable blockchain mining center in 2019 to provide revenue, along with sizeable server capacity to ensure ultra-fast processing for users of Nauticus services. Profits from the exchange and mine will be reinvested in the business to support the subsequent development of a low-cost ecommerce platform, along with merchant and peer-to-peer payment options. The company will also develop a one and done Know Your Customer (KYC) verification service and create an ICO community with a range of resources and services for new ICOs along with a quality verifcation system. The Nauticus Coin will underpin all of these exciting solutions. The ICO target is $68 million and the soft cap was exceeded during the presale period. The ICO will run until the hard cap of $88 million has been reached, or until the conclusion of the ICO on May 18,

8 3.0 VISION Usable, efficient and sustainable Our vision is to create usable, efficient and sustainable global banking, ecommerce and security solutions based on innovative blockchain technology. We want to encourage everyone to participate in the FinTech revolution being brought about by blockchain technology. Our solutions are aimed at everyday users, businesses of all sizes, as well as local, state and federal governments. At the same time, we want to help to create a better world for everyone, especially the underprivileged. We are strongly focused on social responsibility and philanthropy. Nauticus will use its influence and global community to bring about change to those who need it the most. Improving living standards in developing countries, advocating for equal rights, and protecting the environment are among our core values. Nauticus upholds the highest ethical and legal standards and considers the protection of user assets its most critical mission. 8

9 4.0 SUCCESS ROADMAP International crypto and fiat currency exchange MID-2018 High-speed currency exchange, enabling ICO backers to immediately trade Nauticus Coins with 100 crypto and six fiat currencies (USD, EUR, JPY, HKD, AUD and ZAR). This will expand to 300 crypto and 16 fiat currencies within 12 months. Highly secure and with a low exchange rate and fees, the platform will be able to support a million transactions per second. Combined with our Nauticus Wallet mobile app, users of any device and in any country will enjoy fast and easy access to their funds. The Nauticus Exchange will be the foundation platform for the other Nauticus banking and ecommerce solutions. The exchange is currently in development and scheduled to open in mid Establish a green blockchain mining center Nauticus will open an environmentally friendly mining center that provides cheaper and faster transactions for Nauticus users. The center will generate revenue to further expand our operations. The use of renewable energy and highly efficient equipment will keep costs low and help to deliver a social benefit for developing economies, providing employment and increasing living standards. Part of the profits will be returned to local communities to help with education and health. Partnerships will be created with governments to create sustainable projects and economic growth. The mine will generate funds to support the subsequent business expansion. 2019

10 ecommerce platform 2020 Global marketplace with easy-to-use mobile interface enabling instant payments in any currency, crypto or fiat underpinned by the Nauticus Coin. Businesses of all sizes, and individuals (buyers and sellers) can use the platform with their Nauticus Exchange Wallet and Nauticus Coins. Ultra-low listing, final value and payment processing fees (as little as 0.1 percent) combined with high security and a suite of measures to ensure trust and protect against fraud. Includes blockchain verification of supply chain to ensure consumers have enough information to choose more ethical and sustainable products. Merchant payments platform Integrated with global payment POS software, Big Data analytics and Artificial Intelligence (AI), and underpinned by the Nauticus Coin, to create a comprehensive business solution with analytic support for enterprises and governments. Low-cost transactions (as low as 0.1 percent) using Nauticus Coins and instant merchant fund clearance. High-speed touch-to-go mobile payments and peer-to-peer funds transfer Global KYC verification 2022 Nauticus will become a global partner in Know Your Customer (KYC), an identity verification system that protects against theft, money laundering and terrorism financing. Users only need to be verified by Nauticus, and the company will then provide only the relevant information/data to other business partners or organizations. Data sharing will be controlled and authorized by the users through biometric identification, allowing them to approve which sensitive information third parties can access. The service will be free for users with more than set number of Nauticus Coins. No user information will be sold or provided to third parties without authorization.

11 ICO Gateway 2023 Establish resources for new ICOs including IT templates and code, financial and legal assistance, and consultants specializing in marketing, media, and HR. Launch of an ICO register and quality seal of approval, based on new ICOs meeting comprehensive code of conduct requirements. This will support both the blockchain community and help protect investors. Licensing with banks and governments as each solution is implemented Registration with international AML/CTF regulators, global credit reporting agencies, and securing an international banking license. Establish funding for the next stage of expansion and development. This is already underway and will be an ongoing process. Total cost for all six solutions is estimated to be around $380 million USD. ONGOING

12 5.0 MARKET We are at the dawn of a new age in global markets. The world is changing rapidly with innovations in blockchain technology moving us toward a fully digital economy that directly connects buyers and sellers without intermediaries taking a cut. Transactions can now be carried out safely and securely, faster than ever before, and at a fraction of the cost of banks or current online marketplaces. Blockchain is fast becoming mainstream and has already been adopted by a number of major players and financial institutions. In April 2017 Japan made Bitcoin legal tender, leading to a huge spike in its price. Russia, China, Sweden and Israel are examining digitizing their currencies using Ethereum. The Chicago Mercantile Exchange (CME) and the Australian Stock Exchange (ASX) have announced they are moving to blockchain for security reasons. In December 2017, the Commodity Futures Trading Commission in the US approved a futures market for Bitcoin and in January 2018 XBT Investments announced it will become the first Bitcoin investment company to list on the ASX. In January 2018 it was reported that exchanges were signing up more than 100,000 new users each day Cryptocurrency daily transaction volumes have exploded from $100 million USD a year ago, to around $30 billion USD today. That s only set to increase yet there are only about 170 active cryptocurrency exchange platforms taking advantage of this explosive growth worldwide. In January 2018 it was reported that exchanges were signing up more than 100,000 new users each day. As more and more users adopt blockchain technology, the cryptocurrency market will begin to take market share from the global FX volume. Around $5 trillion USD changes hands in foreign exchange markets every day, with most trade conducted between approximately 23,000 banks. The payment processing industry (PayPal, Alipay, etc) is worth $522 billion annually and is similarly ripe for disruption from cheaper and faster blockchain based alternatives. Nauticus has identified these three areas as key opportunities. The future clearly belongs to blockchain; however, the sector is still in its infancy and offers early investors the chance for immense gains as the technology continues to grow and provides improved solutions to many exchange and transactional cases. 12

13 6.0 CRYPTO AND FIAT CURRENCY EXCHANGE The Nauticus Crypto and Fiat Currency Exchange is in development and will open in mid The exchange will be the foundation platform for subsequent Nauticus banking, payments and ecommerce solutions. The Nauticus Exchange will enable ICO backers to immediately trade Nauticus Coins with other cryptocurrencies such as Bitcoin, Ethereum, Ripple and more. Exchange users will enjoy access across multiple platforms, including smartphones, tablets, and laptops. It will initially offer 100 cryptocurrencies, projected to grow to more than 300 within 12 months exponentially more than most exchanges and putting Nauticus alongside the top ten worldwide. At launch six major foreign currencies will be supported: USD, EUR, JPY, HKD, AUD and ZAR, which will expand to 16 fiat currencies within a year. Nauticus Exchange will also offer global payment processing, allowing users and merchants to send and receive payments like PayPal and Western Union combined but with much lower fees and live market rates. Nauticus is registered as an independent remittance dealer with the Australian Government regulator AUSTRAC. NAUTICUS CRYPTO AND FIAT CURRENCY EXCHANGE TRADE WITH TRADE WITH: CRYPTOCURRENCIES FIAT CURRENCIES AVALIABLE ON

14 6.1 DISCOUNTED FEES STRATEGY TO BOOST NAUTICUS COIN LAUNCHED 10/2/18 AT PEAKED AT: $2.59 $ % CURRENT PRICE: $1.73 PERCENTAGE INCREASE: LAUNCHED 24/10/17 AT 72 cents PEAKED AT: $ ,738% CURRENT PRICE: $3.25 PERCENTAGE INCREASE: LAUNCHED 25/7/17 AT 10 cents PEAKED AT: $22.76 $8.27 PERCENTAGE INCREASE: 22,660% CURRENT PRICE: LAUNCHING MAY 25 AT 10 cents approx Bitcoin, Ethereum and the Nauticus Coin are the three key cryptocurrencies on the exchange and will be in trading pairs with most of the 100 cryptocurrencies offered. Nauticus Coin supporters should note this provides a credible mechanism to increase the adoption and value of the token. If a user wants to trade TRON for ZCash for example, they will first need to exchange their TRON for one of the three key cryptocurrencies, and then use that intermediary currency to buy ZCash. Users will buy the Nauticus Coin as the intermediary currency as it provides a 50 percent reduction in trading fees over the other two options. Thus, it will be the preferred medium of exchange. Binance adopted a similar strategy which saw the Binance Coin shoot up in value by 22,660 percent in the first six months due to increased demand. All exchange coins have increased in value. The Huobi token, which was only launched in mid-february at $1.58 and peaked at $2.59, a 64 percent increase in challenging market conditions. KuCoin Shares, launched in October last year at 72 cents and peaked at $20.44 in January. That s a 2,738 percent increase. 14

15 6.2 SECURITY AND NAUTICUS WALLET Our wallet technology allows consumers, businesses, and governments easy currency exchange payments, and settlements. The platform incorporates state-of-theart security measures including two factor authentication and biometric authentication using smartphone fingerprint sensors, voice and facial recognition. We also offer compartmentalized wallets (cold and hot wallet) protected by multiple layers of encryption. The company is implementing protocols for Nauticus staff to ensure segregated human responsibility, approval, and audits. We will further develop our security suite of options to include more biometric (using Voiceit), multi-signature access for couples, partners or teams (using Bitgo), and active backup of all transactions using a hyper-ledger. Around 90 to 95 percent of users funds will be stored offline in highly secure, geographically separated cold wallets to protect against any loss of funds. The company has engaged high-level ethical hacking firms specializing in banking systems for ongoing security pressure and penetration testing. 15

16 6.3 ULTRA-LOW FEES AND LIVE MARKET RATES Because it connects buyers and sellers directly, Nauticus Exchange can offer much lower fees than traditional banks as little as 0.1 percent, with even lower fees projected in the future. Nauticus Coin users will beneft from a 50 percent reduction in trading fees for the first 12 months. Those trading in FX, or sending money overseas, will benefit from genuine market rates, rather than the retail rates offered by banks and money changers. Users will benefit from a 50 percent reduction in trading fees for the first 12 months 6.4 SMART INTERFACE The Nauticus Exchange offers a simplified version of the interface for mum and dad investors looking to get started in cryptocurrency trading. It also offers a sophisticated interface with highend trading tools that can be tailored to the specific needs of traders, business, government or individual users. These include a variety of interactive Tradeview charts (i.e. Japanese candlesticks, moving averages, etc) with user preferences for their own desktop view able to be saved to their profile. Metatrader tools will enable active traders to design their own robots for automated trading. We will utilize help bots as well as set up a highly responsive customer support team to provide users with any assistance they require. Before listing altcoins, Nauticus will implement a comprehensive selection and screening process that examines the legitimate use case for the token along with the size of the user base and demand. The on-boarding cost for each application will provide additional revenue. 16

17 6.5 COMPETITORS There are approximately 170 competitors in this space. Around 100,000 new users are attempting to join cryptocurrency exchanges each day and they are experiencing long delays in being verified and signing up. In January 2018, several US exchanges stopped taking on new customers after the enormous demand swamped their systems. Nauticus has conducted a detailed study of three competing exchanges: Binance, KuCoin and Huobi. These exchanges were selected for their similarities to Nauticus. They either opened or reopened within the past 12 months, offer a wide selection of cryptocurrencies (100-plus) and each offers its own digital token, the Binance Coin, KuCoin Shares and the Huobi Token. The world s number one exchange, as of March 2018 is Binance, which opened in July last year and is growing by 750,000 users a month. It now has 6 million users, who trade $300 each per day (on average as surveyed throughout March). This brings in revenue of $1,350,000 each day, which equates to almost half a billion in annual revenue with their current discounted fees of 0.075%. (If trade volume recovers to the levels seen in January, Binance will bring in more than a billion dollars in a year.) Huobi is the No.2 exchange in the world, but is considerably more profitable than Binance, despite half as many users (3 million) and half the 24-hour trade volume. That s because Huobi s higher fee of 0.02% sees the exchange bring in $657,000,000 annually. KuCoin, which opened in September last year, is well down the list in terms of popularity and is ranked at No.32 by Coin Market Cap. On current figures it will bring around $21,900,000 this year from a $60 daily average user volume. KuCoin has a million users and is adding 166,000 new users each month. BINANCE KUCOIN HUOBI EFFECTIVE TRADING FEE 0.075% 0.10% 0.20% ESTIMATED USERS 6,000,000 1,000,000 3,000,000 AVERAGE 24H TRADE VOLUME (USD) $1,800,000,000 $60,000,000 $900,000,000 AVERAGE TRADE VOLUME BY USER $300 $60 $300 ESTIMATED REVENUE DAILY $1,350,000 $60,000 $1,800,000 ESTIMATED REVENUE ANNUALLY $492,759,000 $21,900,00 $657,000,000 LAUNCH DATE 7/14/17 9/15/ AVERAGE NEW USERS MONTHLY 750, ,667 N/A CMC RANKING

18 NAUTICUS EXCHANGE REVENUE SOURCES Cryptocurrency trading fees Foreign exchange trading fees Payment processing fees 6.6 REVENUE ASSUMPTIONS Although Nauticus aims to compete with Binance and Huobi, we have modeled conservative revenue projections that assume Nauticus will only add new users at the same rate as KuCoin and, furthermore, that this rate of growth will decline by 10 percent each quarter. We assume daily trade volumes of $180 per user. Note that it is impossible to accurately estimate what the size of the crypto market cap will be in five years, so our projections assume everything else will remain the same. The crypto market, however, is likely to be exponentially larger by 2023, along with the corresponding profits. PROJECTIONS AND ASSUMPTIONS FOR NAUTICUS REGISTERED USERS (APRIL 2018) TARGET AT THE END OF ICO ESTIMATED ACTIVE USERS AT LAUNCH OF EXCHANGE ESTIMATED AVERAGE TRADE VOLUME BY USER TRADING FEE 200, , ,000 $ % 18

19 6.7 CRYPTO EXCHANGE REVENUE Using these assumptions, we project annual revenue from cryptocurrency alone in the first 12 months of $48.03 million, growing to $135.5 million in the second year. By 2023, even with new sign ups dwindling to just 67,000 a quarter, we estimate annual revenue will top a quarter of a billion dollars. The operating costs in the first 12 months have been budgeted at $16.81 million, with an additional $2.4 million directed towards a sustained worldwide marketing campaign. We estimate a net profit of $19 million. Profits from the exchange will be reinvested in the business to develop our subsequent blockchain mining, ecommerce and banking solutions. Operating costs in the second year will be $47.41 million growing to almost $90 million in Net profit will reach $106 million. NAUTICUS EXCHANGE YEARLY PROJECTION (IN MILLIONS) 2019E REVENUE $48m $135.5m $192.8m $230.4m $255.1m OPERATING COST $16.8m $47.4m $67.5m $80.6m $89.3m MARKETING COST $2.4m $6.8m $9.6m $11.5m $12.8m DEPRECIATION $1.6m $1.6m $1.6m $1.6m $1.6m NET PROFIT $27.2m $79.7m $114.1m $136.6m $151.5m TAX 30% 30% 30% 30% 30% NET PROFIT (AFTER TAX) $19m $55.8m $79.9m $95.7m $106m CRYPTO EXCHANGE MARKET SHARE TODAY GLOBAL FX MARKET 24HR VOL $5,000,000m $5,000,000m $5,000,000m $5,000,000m $5,000,000m CURRENT MARKET 24HR VOL (CRYPTO) $13,796m $13,796m $13,796m $13,796m $13,796m NAUTICUS 24HR BASED ON USER EST $237.5m $440.6m $573.8m $661.2m $718.6m CURRENT MARKET SHARE (CRYPTO) 1.722% 3.194% 4.159% 4.793% 5.209% CURRENT MARKET SHARE (FX) % % % % % BASED ON RECENT HEIGHTS (X3.3 CURRENT) CURRENT MARKET 24 HR VOL (CRYPTO) $45,500m $45,500m $45,500m $45,500m $45,500m NAUTICUS 24 HR MARKET VOL BASED ON USER X 3.3 $783.8m $1,453.9m $1,893.6m $2,182m $2,371.3m 19

20 6.8 FOREIGN EXCHANGE, MONEY TRANSFER REVENUE Unlike Binance, KuCoin and Huobi, Nauticus also aims to take a small cut of the $5 trillion foreign exchange market. At launch, given the assumptions outlined above and in section 6.7, Nauticus will not only account for percent of the daily worldwide cryptocurrency trade volume, it will also take percent of FX trade volumes. Although transferring money overseas using Nauticus isn t directly comparable to Western Union, it does share some similarities. Western Union has 150 million active users, each making 5.3 transactions a year with an average spend per transaction of $ For illustrative purposes, assuming 100,000 active Nauticus users at launch, and with a trading fee of 0.5 percent Nauticus would bring in $3.66 million in the first year, although operating costs and tax would reduce this to a profit of $420,000. By 2023, this would grow to an after tax profit of $19.4 million. 20

21 6.9 PAYMENT PROCESSING REVENUE The payment processing element of the business is a foundational stone of the exchange that will be offered to users and merchants from the end of early It will also be incorporated into the Nauticus Marketplace ecommerce platform in the same way PayPal was with ebay and Alipay was with Alibaba. Our illustrative revenue projections are based on the Nauticus Exchange growth rate and PayPal s average quarterly transaction volume per user of $ Starting with 100,000 active users, and a 1 percent fee, we estimate revenue of $12.99 million in the first year, and net profit after operating, marketing and taxes of $4.34 million. This is expected to grow to $69.01 million in revenue ($27.87 million net profit) by

22 6.10 NAUTICUS MARKET SHARE CRYPTO EXCHANGE MARKET SHARE USERS 100K 500K 1 MILLION 5 MILLION REVENUE $6.6m $32.9m $65.7m $328.5m MARKET SHARE % % % % FX MONEY CHANGING USERS 100K 500K 1 MILLION 5 MILLION REVENUE $0.5m $2.5m $5.0m $25.0m MARKET SHARE % % % % PAYMENT PROCESSING USERS 100K 500K 1 MILLION 5 MILLION REVENUE $1.8m $8.9m $17.8m $88.9m MARKET SHARE % % % % 22

23 6.11 OTHER REVENUE OPPORTUNITIES Nauticus products are specifically designed to cater for a wide range of revenue generating opportunities. These include listing new coins on the exchange, ICO incubation and support, currency exchange services catering for consumers, institutions and government, white label exchange platform licensing and IT consulting services for blockchain based projects PROJECTED STAFFING LEVELS NUMBER OF EMPLOYEES

24 6.13 PLATFORM ARCHITECTURE KEY TECHNICAL FEATURES Key technical features of the platform architecture include a high-performance exchange platform with a modular, lightweight and extensible design. The Exchange Platform is built on custom-embedded StreamDB database, tied into the wider Nauticus Distributed Ledger Platform, and built from the ground up to incorporate error-checking and target multiple volumes for redundancy. The system is managed by a team of skilled developers with IBM, Hyperledger, blockchain and Solidity experience, and overseen by a leadership group with extensive management and business development experience. Advisors are handpicked with backgrounds in banking, transactional, AI, machine learning, cryptography, and regulatory abilities providing comprehensive product support. 1. High-performance exchange platform 2. Modular, lightweight, extensible design 3. Product agnostic 4. Interoperability with third-party services and DLT products 24

25 6.14 CORE SYSTEMS COMPONENTS MATCHING ENGINE Lean design matches orders at throughputs in excess of 1 million transactions per second. HIGH PERFORMANCE ORDER MANAGEMENT SYSTEM (OMS) OMS handles incoming order requests and sends update events about executions and order status changes. Multiple OMSs can be leveraged to scale capacity and throughput for the largest of implementations. ASSET MANAGER Product integration agent, integrating the exchange with diverse banking, FX, and Distributed Ledger Technology systems. Current integrations include 200+ national currencies, 12+ digital assets, including Bitcoin, Ethereum, Monero, RPC-derived bespoke loyalty tokens, and the Nauticus Asset Depository. GATEWAYS Endpoints supporting connections to trading interfaces, APIs, and related user-directed systems. Load balancers maintain throughput performance regardless of user count. RISK MANAGEMENT SYSTEM Risk is managed via a robust Risk Management System that implements a wide range of limits and controls on order entry, execution, and settlement. 25

26 6.15 KEY TECHNICAL ASPECTS AND CHALLENGES OF NAUTICUS EXCHANGE INTEGRATION of 100 to 300 cryptocurrencies into the platform and associated movement of funds liquidity of currencies. ARTIFICIAL INTELLIGENCE algorithmic design and implementation. ENCRYPTION of all sensitive user data, both in transit and at rest. GLOBAL SECURITY settings to prevent unauthorized account activity. AUTOMATIC IDENTIFICATION of unusual withdrawal requests and suspicious API activity or trades. BACK UP AND REPLICATION of all exchange data in real-time. ADDITIONAL ENCRYPTION layer between the client and the wallet. Ninety-five percent of user funds are stored in cold wallets and the vast majority of transactions are performed solely on our internal systems, and instantly confirmed this ensures high security for user funds. Our systems also allow options for password recovery. MANAGING PLATFORMS WITH DNS FAILOVER to provide DDOS resilience and fast failover in case of server outage failover time greater than 180 seconds (depending on DNS TTL). UTILIZING CONTENT DELIVER NETWORKS (CDNS), and Border Gateway Protocol (BGP) routing to make sure that the data is close to the user, and quickly accessible. AUTOMATED PROCESS to swap crytocurrencies from hot wallet to a multisignature cold storage. Contingency planning to ensure that if a breach were to happen, that only a minority of funds could be accessed. VPC ARCHITECTURE AND SSL/TLS ENCRYPTION create a safe environment for admins, encryption for password interchange. CREATION OF MACHINE LEARNING ALGORITHM to boost speeds, and efficiency. 26

27 6.16 CUSTOMER PROFILE More than 200,000 users have already registered with Nauticus. The global customer base is geographically diverse and spread across 50 countries. Thirty-six percent of users are from the Asia Pacific region and a quarter come from Europe. Ninety-five percent of Nauticus customers are male; nine out of ten are aged and users have an average monthly income of $5,343 USD. Almost half are Millennials characterized by personality traits that fit well with our product offerings: tech-savvy (Crypto Exchange, worldwide ecommerce), strive for transparency ( one and done KYC Verification), price sensitive (Merchant Payments Platform, low fees), creative problem-solvers (all six solutions), advice-seekers (ICO Gateway) and go-getters (Crypto and Fiat Currency Exchange) FUTURE GROWTH The Nauticus Exchange is the foundational platform for all of the subsequent Nauticus banking and finance solutions. By early 2019 we will offer a comprehensive payment system to enable users to transfer funds between each other, or make payments to external parties. This will develop into a comprehensive payments and ecommerce ecosystem. Nauticus is registered as an independent remittance dealer, enabling the transfer of funds out of the platform. The technologies and systems we are developing will lead the future of the cryptoeconomy. These include an AI price matching system to synchronize complicated multi-book currency exchanges. As the exchange continues to develop, we intend to introduce financial instruments and investment products in line with the appropriate regulation. The exchange is the foundational platform 27 for all our banking and ecommerce solutions

28 6.18 SURVEY DATA Nauticus is conducting ongoing research with our users and has extracted preliminary data from a sample of more than 26,000 people. CRYPTO EXCHANGE More than 80 percent of users expect to trade on the Nauticus Exchange at least monthly, with a third saying they will trade every day. More than half expect they will trade $1000 or more each time. Almost one in two cited better customer service as the reason they would shift exchanges. The majority of users are interested in receiving educational material and news from Nauticus to assist them to trade. FIAT The option to trade in six fiat currencies is a big draw for the exchange. Almost 60 percent of respondents intend to trade fiat, or fiat and crypto percent will trade solely in crypto. INTERNATIONAL MONEY TRANSFER Around 60 percent of respondents currently make international payments or transfers at least once a month. Almost all respondents were interested in using Nauticus for this purpose. Around half expect to transfer $1000 or more each time, while 3.6 percent will transfer $10,000 or more per transaction. Most currently use banks or Western Union for transfers. Users overwhelmingly expressed a desire for faster transactions and lower fees. WHAT IS THE AVERAGE AMOUNT YOU EXPECT TO TRADE? $ % $1,000 $10, % $10,

29 HOW OFTEN DO YOU EXPECT TO TRADE ON NAUTICUS EXCHANGE? 20.8% 18.3% EVERY DAY EVERY WEEK 28.6% EVERY MONTH 32.3% QUARTERLY - YEAR HOW OFTEN DO YOU TRANSFER MONEY INTERNATIONALLY? 20.7% WEEKLY 21.8% MONTHLY 33.9% QUARTERLY 23.6% ANNUALLY WHAT FACTORS WOULD ATTRACT YOU TO USE A NEW PLATFORM? LOWER FEES 87.5% FASTER TRANSACTIONS 52.1% A WIDE RANGE OF PAYMENT OPTIONS 44.6% ACCEPTANCE OF HOME CURRENCY 43.3% OTHER 29

30 7.0 BLOCKCHAIN MINING The Nauticus blockchain mining center will commence operations using the Antminer S9 model (or the most energy efficient mining model commercially available at the time of construction) and is being designed around the principles of maximum energy and processing efficiency. Our team will also work with semiconductor manufacturers in Singapore and Taiwan to design our own custom made mining boards using ASIC processors to improve mining efficiency. More efficient machines help to lower economic and environmental costs. The center will also provide vital server capacity to support further Nauticus solutions and ensure a cost-effective and timely experience for Nauticus users. Design and planning will commence immediately after the finalization of the ICO, with the center expected to be operational in

31 Nauticus is firmly committed to environmental sustainability and social responsibility 7.1 SUSTAINABLE AND SOCIALLY RESPONSIBLE Wherever possible, the founders intend to use low cost green energy wind, solar or hydro to power the tens of thousands of machines Nauticus uses for mining cryptocurrencies. The location of Nauticus blockchain mine sites will be chosen to provide maximum economic and social benefit to communities in the developing world. We are currently examining a number of sites in Malaysia. We will create employment and prioritize local residents to staff the center. Our business aims to help lift people out of poverty. A proportion of the mine s profits will be directed at creating much needed water and sanitation infrastructure and to support health and education initiatives. The company has set an energy cost target of 3 to 8 cents per KW/h, which is easily achievable based on existing market research. To put that in perspective, a single Antminer S9 consumes KW/h, meaning it can run for an hour for approximately 5 cents. 7.2 ILLUSTRATIVE COSTS AND REVENUE The size of the facility, and attendant construction costs, will be dependent on the results of the ICO but for illustrative purposes, a small facility with 1500 Antminer machines would cost approximately $6.8 million USD to set up. Ongoing costs, including electricity and staff, are expected to be around $2.2 million. Total revenue generated in the first 12 months would be $3.1 million (at a Bitcoin value of $8145, possibly substantially more in future). A facility with 15,000 machines would generate revenue of $31 million. This revenue will support the expansion of the Nauticus business. A proportion of the budget will be allocated to further research and development of more efficient mining machines, along with more efficient renewable energy solutions. Other proceeds will further the development of our payments and ecommerce solutions, or directed back to our users via lower fees. 31

32 8.0 ICO PLEDGE How we will continue to grow The ICO will be used to implement our operational plans and source new talent from around the world. Nauticus is developing cutting edge blockchain banking and ecommerce solutions; funds raised will support the launch of the Nauticus Exchange in mid-2018 and the establishment of the Nauticus blockchain mining center. Revenue generated from these facilities will support the development of subsequent business solutions. The soft cap for the ICO was $8m USD, which was surpassed during the presale, meaning the Nauticus Exchange will proceed. The hardcap is $88m USD. 32

33 8.1 ICO UPDATE More than 200,000 users registered on the site in the first five weeks after the project was launched, providing an enormous potential customer base for the exchange. Each of them has a strong incentive to utilize our services through the provision of a minimum of 100 free NTS and a 50 percent trading fee discount. Our social media campaign has seen almost 30,000 users like our Facebook page, with another 28,000 following it. Twitter followers have topped 10,000 and there is a healthy community of 9,500 highly engaged users in our Telegram chat group. Nauticus has received favourable coverage in wide range of media outlets within the blockchain industry as well as Reuters, Forbes, various Fox Network affiliates and the International Business Times.The independent cryptocurrency product review sites for Initial Coin Offerings (ICO) have all given the company great reviews and positive feedback, averaging a score between four and five for overall project quality. FEATURED BY Gold AS SEEN IN 33

34 8.2 ICO ATTRIBUTES The Nauticus ICO will be available from March 31, 2018 to May 18, A presale will run from March 18 to March 30, One Nauticus Coin (NTS) is worth BTC. Bonuses up to 35 percent will be offered during the ICO period. Start date Sale term in days End of ICO Nauticus Coin Price Total token supply ICO early completion / 00 : 00 GMT 62 days / 00 : 00 GMT BTC each 2,500,000,000 NTS When sold out Adjustable emission: Excess NTS supply will be burned based on public tokens ratio, ensuring fair value for contributors. Tokens supplied post ICO: NIL Action if ICO target not obtained: Project will continue as planned, with scale and functionality adjusted. Soft Cap ICO Target Hard cap $ 8,000, USD $ 68,000, USD $ 88,000, USD 34

35 8.3 SALES TIMELINE AND BONUSES KEY EARLY REGISTRATION: 09/02-17/03 PRESALE (30%) LIMITED BONUS: 31/03-7/04 (20%) (15%): 08/04-14/04 (10%): 15/04-21/04 (5%): 22/04-18/05 ICO SALES PERIOD MARCH 31, MAY 18, /03-7/04 8/04-14/04 15/04-21/04 22/04-18/05 +20% +15% +10% +5% BONUS PREMIUM BONUS PREMIUM BONUS PREMIUM BONUS PREMIUM 500 MINIMUM PURCHASE 500 MINIMUM PURCHASE 500 MINIMUM PURCHASE 500 MINIMUM PURCHASE ONGOING BULK PURCHASE EXTRA BONUS MINIMUM PURCHASE EXTRA BONUS + CURRENT PROMOTION 100, ,000 2% 250, % 35

36 8.4 ICO ALLOCATION KEY (80%): USERS (9%): REFERRALS (8.5%): TEAM (1.5%): ADVISORS (1%): BOUNTY PROGRAM ICO ALLOCATED TO UNIT (NTS) % PURCHASED USERS 2,000,000,000 80% REFERRALS AND REGISTRATION BONUSES 225,000,000 9% TEAM 212,500, % ADVISORS 37,500, % BOUNTY PROGRAM 25,000,000 1% *Figures provided refer to the theoretical total supply. Percentages allocated to team, advisors, and referrals will be proportionate and relative to the number of tokens sold to users. Unsold supply will be destroyed. ICO allocation will be made no later than 25/05/

37 9.0 TOKEN AND USER BENEFITS Nauticus Coin (NTS) underpins our six business and banking solutions, creating an ultra-secure medium of exchange between users. Nauticus is committed to the continuous development of innovative new technology that will be supported by NTS with low transaction fees. The initial tokens for use on the Nauticus Exchange will be created using the Ethereum network ERC20 guidelines but Nauticus will research, develop and implement a new ledger system that supports greater transaction volumes using the most efficient and scalable blockchain technology available (Nauticus is closely examining NEM or Ardor for this). Any holding of Nauticus Coin will be mirrored by the new medium of exchange. A theoretical maximum of 2,500,000,000 Nauticus Coins are available. Tokens sold to users will account for 80 percent of total supply; 8.5 percent of the token supply will be allocated to the core team and another 1.5 percent will go to advisors (the percentage allocations will be in proportion to the number of tokens sold to users). Ten percent of the total supply will be used in the referrals program. At the end of the ICO any unsold or unallocated Nauticus Coins will be burned. All tokens will be disbursed at the end of the ICO, and provided to the user s designated wallet on our platform. Purchased tokens can be used immediately; however, referral and gifted tokens are restricted to our platform only (for example to pay for trading fees) for a period of two years after the end of the ICO. After this period, they can be freely exchanged for other crypto or fiat currencies. The team s coin pool will be limited to releasing a maximum of 20 percent of their supply of coins in the first year, and 40 percent in each of the next two years. SIGN UP AND REFERRAL PROGRAM Everyone who signs up receives 100 free coins. In addition, each person who registers before the end of the ICO will be given a referral link. Anyone who clicks on the link and buys a minimum of 500 coins will be rewarded with 100 extra free coins and so will the referee. The more people you refer, the more free coins you will receive. There is no limit to the number of free tokens users can receive for every additional referral. 37

38 10.0 FUTURE PLANS ECOMMERCE At Nauticus we envisage a future where disruptive blockchain technology will see major players such as ebay and Amazon forced to drastically change their business models. The Nauticus ecommerce platform will give access to a marketplace for sellers and buyers, providing a wide range of goods and services, and accepting all the major crypto and fiat currencies. It will be powered by the Nauticus Exchange, our secure online payments system and wallet. At present buyers and sellers use major marketplaces because their policies help ensure safety and security. Free alternatives such as Craigslist and Gumtree are beset with scams and frauds, which forces merchants to turn to companies such as ebay, despite its high final value fee of 10.9 percent dramatically reducing their profits. 38

39 RETAIL ECOMMERCE SALES WORLDWIDE FROM 2014 PROJECTED TO 2021(IN BILLIONS USD) 10.1 ECOMMERCE: NAUTICUS MARKETPLACE Based on blockchain and distributed ledger technology, the Nauticus Marketplace can offer the safety of ebay or Amazon but with ultra-low fees. Sellers will be able to list goods for free as long as they are active business users with a Nauticus merchant account. The Nauticus Marketplace offers a decentralized blockchain based rating system for users, merchants and businesses so those they have traded with can offer feedback to ensure trust and reliability. There will also be a ratings and reviews system for verified purchasers of products. The ratings system will be much more detailed and granular than traditional platforms, enabling reviews of the entire supply chain and the components of a product. Standard fees will be no more than 3 percent, but as little as 0.1 per cent for high volume/high-trust users, or totally offset under the Nauticus Rewards program. Our goal is to partner with major retailers to list their products and use blockchain verification of their supply chain to ensure transparency so that consumers can select goods based on environmental considerations, or the labor conditions under which the goods were produced. We believe that giving consumers more information and power can help the marketplace drive ethical consumption. 39

40 10.2 MERCHANT PAYMENTS PLATFORM Nauticus will offer an easy-to-use, low-cost solution for businesses and organizations of all sizes, allowing merchants to accept the currency of their choosing (crypto or fiat). This makes them more accessible to new and emerging customers while keeping their operations simple and easy. Transactions occur at a fraction of the usual time, and fees will be multiple times lower than existing competitors. Businesses can implement these payment methods on their existing digital shopfronts or set up online stores on the Nauticus Marketplace to take advantage of even lower transaction fees as little as 1 percent. Merchants can settle payments instantly, rather than weekly or monthly, and they no longer need to worry about chargebacks and clearance times, all of which ensure more liquidity for their businesses. Owners will also be able to facilitate payments for employees and suppliers via the platform, regardless of the recipient s desired currency RETAILERS CAN ACCEPT ANY CURRENCY Retail businesses will be able to accept both fiat and crypto currencies at point-of-sale through the Nauticus mobile app, which will support contactless payment options integrated directly to the Nauticus Exchange. The platform will also support the transfer of funds from users to a wide range of banking facilities, and their family or friends. Nauticus will apply for licenses to operate in the 10 largest markets worldwide, as well as 10 key developing markets. We will subsequently partner with businesses and governments to enable them to make best use of the system, which is expected to be operational by mid Nauticus aims to facilitate a gross transaction volume in the first full year of operations of $4.7 billion returning an estimated $197.1 million in revenue. 40

41 10.4 Know Your Customer Know Your Customer is a way for businesses, institutions and governments to verify the identity of customers. KYC helps prevent theft, money laundering and the financing of terrorism. Our vision is to become a global partner in KYC, supporting a network of businesses and governments and giving users full control of their own personal data. The system will be fully integrated into the Nauticus Wallet mobile app and enables users to go through the verification process once and then manage the release of that information to organizations that require it. Records will be permanent and unchangeable ensuring secure and accurate personal and identifying information. It will be held on private distributed ledger systems managed by multiple server locations. Being a decentralized institution-to-peer network, the only record of identification is stored with the originator and the user. Once verified with Nauticus, tokens are created to represent an individual identity. The original documents will then be destroyed, and records of successful verification placed onto the blockchain. Any changes by the user with the document originator (e.g. address change with driver license authority) will be updated on the private distributed ledger accordingly. Any business, financial service or other organization that requires access to user information will request it from Nauticus. For example, if a phone company requires a credit history, they will request it from Nauticus, which will send a message via the Nauticus Wallet smartphone app. Users will be asked to authenticate themselves using biometrics (fingerprint, facial or voice recognition) to authorize the release of the data. The phone company will then only be provided with the relevant information and nothing more. 41

42 10.5 KYC VERIFICATION PROCESS CONSUMER OR INSTUTION NAUTICUS IDENTITY VERIFICATION REGISTERED ID REQUEST AI VERIFICATION ENCRYPTION FULLY ENCRYPTED VERIFIED CLIENT This will reduce the need for users to go through endless sign up and verification processes with each new business, and the consequent risk of identity theft that comes from having many different copies of their personal and sensitive information stored in disparate locations. Occasional reverification will be required over time to replace expiring documents and ensuring changes are recorded. The system will initially focus on credit scores and basic identification document storage. Nauticus will partner with governments around the world to add capability for healthcare, criminal records, traffic records, historical applications and other records. Nauticus already places a strong emphasis on KYC, with layers of verification in place to protect our users as well as the Nauticus s brand. We comply with all KYC, AML, CTF guidelines and regulations. The service will be free for users with more than 10,000 coins. Nauticus will never sell user data for marketing purposes or provide information to third parties without authorization. The system will also include a global credit scoring system. 42

43 10.6 ICO GATEWAY Nauticus will build an ICO community and quality verification system. This will be a standardized structure to support ICO owners and assist their launch onto the market. Nauticus will establish resources for use by new ICOs including IT templates and code, financial and legal assistance, and consultants specializing in marketing, media, and HR. We are developing a set of ethical standards and a code of conduct that each ICO needs to satisfy in order to be verified by Nauticus and given a quality seal of approval. This will help build trust for their brand and ensure ICO backers are not left dissatisfied. ICOs we partner with will be also able to list their token or coin on the Nauticus Exchange, providing extra liquidity for the sale period. We are putting our heart into building the blockchain community together REGULATIONS AND COMPLIANCE Nauticus is a registered company in Australia and works within the rules and regulations of the Commonwealth of Australia. Nauticus is committed to working with international authorities to ensure no illegal activity is carried out on our platforms. We have strict internal security and compliance standards and abide by the Anti-Money Laundering and Counter-Terrorism Financing Act 2006, ADI, and remittance regulations. Nauticus commits to fulfilling all relevant licensing and registration requirements as defined in our roadmap and as an application becomes viable. Nauticus is registered with AUSTRAC as an independent remittance dealer. Nauticus places a strong emphasis on Know Your Customer (KYC) requirements. 43

44 12.0 OUR ADVISORS DAVID HAYAT Former Global Managing Director, Accenture Exchange technology and innovation. A senior manager with the 100-million user platform Jobs.com, Hayat spent almost two decades at global Information Technology consulting firm Accenture. He was global managing director of Accenture s Ecosytem of the Future, examining strategies to take advantage of the disruptive potential of blockchain technology. KIN WONG Former Vice President of Nomura Securities, Macquarie AI trading Exchange design and development. Wong is the senior manager of algorithmic trading at Macquarie Group. He is a computer scientist with more than 20 years international experience working for companies including Nomura Securities, Standard Chartered Bank, Majitek, ITG Australia and KBC Securities. ARIF ALEXANDER AHMAD Founder, Scandinavian Capital Markets Capital markets and exchange. Ahmad founded Scandinavian Capital Markets in One of the largest and most trusted ECN brokers in the Nordic region, the company uses technology to provide algorithmic and manual access to various streams of revenue. He has also worked at CNBC in London and at Capital Trim FX. 44

45 MARCO MENGELE Founder & CEO, Crypto Trading Fund Trading and ICO funding. Mengele is the founder of Crypto Trading Fund, a company that invests in, and advises on, cryptocurrencies and blockchain technology. Mengele studied at the Frankfurt School of Finance and Management and was formerly community manager at PATRON. DR. STYLIANOS KAMPAKIS Research Fellow, UCL Centre for Blockchain Technologies Data scientist and blockchain. Kampakis is an expert data scientist with Brandixa and Circadia, two companies that specialize in statistics, machine learning, data mining and qualitative methods. Kampakis is a member of the prestigious Royal Statistical Society and he is a research fellow at the UCL Centre for Blockchain Technologies. DR. THEODOSIS MOUROUZIS Cryptologist, UCL Centre for Blockchain Technologies Data security and blockchain. Mourouzis is a cryptologist and information security professional. He is a research fellow at the UCL Centre for Blockchain Technologies and the Program Director of the MSc in Business Intelligence and Data Analytics at the Cyprus International Institute of Management. 45

46 ANTHONY JOHNSON Director of Business Development, Bloodstone Solutions Merchant banking and blockchain solutions. Johnson is the director of business development at Bloodstone Solutions, a company that builds Artificial People (robots). He co-founded The DICE Foundation and has three decades of experience in finance and HR including at Credit Suisse, Carillion, Philos Law and HeadHunter Global. ABIT GHIMIRE Member, InDax & Founder, Bitsewa Crypto exchange. Ghimire founded Bitsewa, Nepal s first Bitcoin and blockchain company, in He is also on the board of advisors of India Digital Assets Exchange (InDAX), a company aiming to become India s largest cryptocurrency exchange in terms of liquidity. PATRICK ROBERTS Founder, ABA & ex-ip Australia Patents and blockchain. Roberts is the blockchain and product development advisor for Intimate, which created the ITM token for use in the adult industry. Roberts also worked for eight years at IP Australia (the Australian Government patents agency) and co-founded and managed ABA Technology. 46

47 REMIGIO BONGULIELMI Director, Trade.io, Co-Founder, Fiduchain Capital, ex-kpmg Transactional services and regulations. Bongulielmi is the director of Trade.io and he raised more than $31 million overseeing its Initial Coin Offering. He s also the co-founder of Fiduchain Capital AG, a Swiss blockchain investment vehicle, and has worked at KPMG. He advises numerous blockchain startups, including LedLoc, Tokenza and Surchap. VILMA MATTILA European American Chamber of Commerce and Industry Legal, policy and foreign affairs. Mattila is the head of International Business at CloutNetwork and the Legal Manager for the European American Chamber of Commerce and Industry. She is an expert in intellectual property, information and communications technology law and speaks five languages. KONSTANTIN DIMITROV Co-founder, DICE & ex-chief of innovation, Orphida Software and blockchain development. Dimitrov co-founded DICE Money and Bloodstone Solutions (creators of Artificial People). He has more than a decade s experience in software design, engineering and business strategy including as chief of Innovation at US biotech firm Orphidia and as an engineer at MPG Technology. 47

48 ALEKSANDAR SVETSKI Founder, Blockchain Training Institute Blockchain, start-ups, AI and machine learning. Svetski is the founder of The Blockchain Training Institute, which seeks to educate the general public on the fundamentals of the new technology, and is the founder of Crypto Mining Supplies. Svetski has advised numerous blockchain start-ups and writes for Token Magazine and Hacker Noon. DILIP CHANDAR Founder, Iniwu Labs & ex-cisco Systems Network technology, cyber security, software development and blockchain technology. Chandar is a tech entrepreneur who co-founded DICE in 2017, Iitbit in 2016 and Iniwu Labs in He is skilled in blockchain, product development, networking and information security and worked as a Network Consulting Engineer at Cisco Systems for five years. ANURAG RATHORE ICObench expert & Descrow Advisor Network technology, cyber security, software development and blockchain technology. Rathore is the founder of Bitcoin and Cyrptocurrency Hub and a reviewer at ICObench. A former project manager at CloutNetwork and well respected member of the crypto community, Rathore has advised a number of ICOs including Descrow, Leelosch Group and BioCrypt Technologies, Inc. 48

49 DENIS FARNOSOV Founder of AlfaToken, Myrealtoken, BIGROI Smart contracts, investments and ICO. Farnosov is the founder of AlfaToken, Myrealtoken, BIGROI Academy and BIGROI Investments. He is a board member and adviser with a number of ICOs including Bitmart and Inserviss Marketplace. He has a Master s Degree in Management and Economics from Belarusian State University. MICHAEL BUCHBINDER Managing partner, Scandinavian Capital Markets Investments products and FX trading. Buchbinder is a trusted cryptobanker and a managing partner at Scandinavian Capital Markets and F1Cryptos. He has worked around the world, including at Caldwell Securities, EDIM, Sharp Integrated, High Net Worth Investors and Mortgage Funds. He has an MBA from the University of Windsor. GURUMINDER SINGH KHALSA Founder, International Green Technology Institute Renewable energy, blockchain and digital currency. Khalsa is the founder and chairman of the International Green Technology Institute and GreenEdge Global. He s also the co-founder and CEO of EarthDollar Ltd, a digital currency that promotes sustainability. In addition to these roles, Khalsa is the chairman and CEO of Nurubics Technologies. 49

50 RAPHAEL ROCHE Chief Transformation Architect, EdenLit Techlab Artificial Intelligence and ecommerce. Roche is the Chief Transformation Architect at EdenLit Techlab & Consultancy and has been a consultant for Santander, London Stock Exchange, Schroders Bank, Dixons and Barclays, among others. He is an expert on Artificial Intelligence (AI), the Internet of Things and blockchain. REEANJOU RAM CEO, BlockBit, ex-nab banking KYC, blockchain and cyber security. Ram is the CEO of BlockBit Technology Solutions, the tech company behind BlockLedger. She has 17 years experience, including at NAB, Pactera Technology International, eblueprint, Equity Trustrees and Yarra Valley Water. She is a member of the Australian Institute of Project Management. 50

51 13.0 AMBASSADORS IAN SCARFFE Founder, Crypto Consulting Investments LTD & ICOBench expert Influencer, ambassador, business development. A leading expert in the Bitcoin, blockchain and crypto industries, Scarffe is at the very heart of financing industry revolution. He works across the globe and currently consults and advises for a range of multi-million dollar companies. OLIVER ISAACS ICOBench, ex-jp Morgan Strategy, marketing, branding, PR. Isaacs is a proven entrepreneur with a diverse and compelling background. He founded the network Amirite.com, one of the first original 9gag and 4chan type sites, where the internet meme was born and early influencers created. Isaacs is well-known for running a large network of pages and partnerships in different niches on Facebook and Instagram, reaching 15 million users every month. WARREN WHITLOCK CEO, Ochen Publishing Media, marketing and ecommerce. Whitlock is the author of the first book about Twitter, Twitter Revolution, and an expert in digital and social media, ecommerce and blockchain who has helped many corporations and entrepreneurs succeed. He was voted No.8 in Forbes Top 50 Social Media Power Influencers in

52 14.0 KEY TEAM MEMBERS BRYAN NG Chief Executive Officer, Co-founder Ng is the founder and CEO of First Accountants, a CPA practice with locations across Melbourne, Australia. A Licensed Tax Agent and member of CPA Australia he founded Australian Education Connections and held roles at SalmonGiles/Davidsons, Smarts Home Finance and ResolutionsRTK. JONATHAN CHANG Chief Operating Officer, Co-founder Chang is a cryptocurrency entrepreneur with high level banking experience at ANZ, specializing in KYC, AML and CTF regulations as well as retail banking, merchant and ecommerce systems. An early investor in Bitcoin, he began his career as a marketing and sales manager for Playfair and Co. HONG HUYNH Chief Technology Officer & Quality Assurance Officer Huynh owns and manages Advance Vision Technology (AVTech), an ICT specialist solution he founded in With branches throughout Australia, Vietnam, China and Philippines, AVTech works across software, infrastructure and ecommerce for clients including ANZ, Suzuki, RMIT and TabCorp. 52

53 BARRY CHENG Chief Security Officer, product specialist exchange Cheng has high-level international experience in banking and FinTech security through his work at the United Bank of Switzerland and Ka Wai Bank in Hong Kong. He owns and operates Melbourne business technology firm idigi Computers and is a technology advisor for the Box Hill Institute. DR. BRENDAN SAI JIAO Head of hardware, product specialist mining and digital wallet Jiao is a research fellow at Tohoku University and a research associate at University of Technology Sydney. He has three industrial patents in Japan and a decade s experience in semiconductor R&D research in Europe and Asia. He has collaborated with ST Microelectronics and Sumitomo Electrical Industries. DR. YINJUN TU Head of biometric electronics, product specialist digital wallet Tu is a biomedical system design and data analysis researcher at RMIT University in Melbourne. He is an expert in system design, signal processing, integrated circuits design, and data analysis. Thanks to Tu, stroke victims now have a much better chance of recovering mobility through electrical stimulation. 53

54 NADEEM SHAIKH Head of application & system architecture Shaikh is an IBM certified solution developer with extensive experience in blockchain platforms including Hyperledger, Ethereum and R3 Corda. A senior digital consultant to IBM partner eblueprint, he is highly skilled with JAVA, AWSm Spring, Mongo DB, HTML, SQL, C, C++ and Linux. ALEX REDWOOD Head of emerging technology and blockchain Redwood is a coding expert, professionally certified by Cisco Systems and able to create innovative blockchain infrastructures. A Bitcoin investor since 2012, he specializes in javascript, Node.js, Solidity, Google Cloud Platform and Python. He has taught at The Coding Club, Code Camp and Coder Dojo. JOSH YU Head of law and regulations With five years of experience as a solicitor at commercial and property law firm M.A. Legal, Yu now manages his own firm, J2 Legal, which has a particular focus on new and emerging technology, digital, and internet-based businesses, and the unique legal challenges they encounter. 54

55 ANDY WANG Deputy of emerging technology and blockchain Wang is a software guru with a decade of international university level research into coding, software, and app and web development. He is skilled in R, Angularjs, Html, CSS, JavaScript, Java, R, Python, C#, Node.Js, Swift, Android and SQL. Wang has Master s in IT from Monash University. SAM LIAO Head of Marketing Liao has a Masters in Marketing from the University of Melbourne and has managed a China- focused social media marketing campaign for Western Sydney University. He also founded the non-profit organization UniCoin which partnered with organizations including Melbourne Marathon, Leukemia Foundation and Foodbank Victoria. ANDREW FENTON Editor, media team leader A journalist and editor with a decade s experience working for News Corp, Fenton s work has appeared in outlets including CNN, the Herald Sun, Daily Telegraph, Courier Mail, The Advertiser, Triple J, 3AW, Melbourne Weekly Magazine and The Melbourne Times. 55

56 15.0 SUPPORT TEAM GABRIELLA MUNOZ SUB-EDITOR JAMES WILLIS JUNIOR EDITOR LIA ZHAO ANALYST RACHEL HII DIGITAL MARKETING OFFICER ARTHUR RADITYA DIGITAL MARKETING OFFICER TAI NGUYEN CONTENT CREATOR CHRIS LE ANALYST SAHIL SAINI IT SUPPORT SAIKIRAN UPPALA IT SUPPORT KEVIN LU IT SUPPORT BERNARD PEH BLOCKCHAIN DEVELOPER IAN SIMA IT SUPPORT

57 57