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1 X12 Coin Whitepaper 1 / 18

2 Introduction 3 X12 Ecosystem 4 Wallets 5 Graphical Desktop wallet 5 Web wallet 6 Mobile wallet 7 Merchants 7 ATM 8 Payment plugin 9 Mining 10 Debitcard 11 X12 Coin 12 Technical Specification 13 Team 14 X12 Roadmap 15 Conclusion 17 X12 Coin Whitepaper 2 / 18

3 Introduction As revolutionary as cryptocurrencies are, most of them come with two big issues: PRIVACY & USABILITY! The transparent and public ledger is an amazing construct solving many problems and providing support in various scenarios. But what this construct also does, is that it makes your financial transactions public and visible for everybody! Every transaction can be traced exactly. What does that mean? It means that anyone can look at your public wallets, their balances as well as the incoming and outgoing transactions. This lack of privacy is affecting both private people and large companies. With X12 we managed to create a secure, private and untraceable Privacy Coin, useroptimized due to its simple, user friendly X12 ecosystem. By using X12 you may rest assured that every transaction is completely anonymous and cannot be traced by anyone. Sending and receiving coins can be done without anyone being able to trace it. This not only enhances independence and freedom but also offers protection from surveillance and suppression. Usually, privacy coins are quite complicated and difficult to use. Especially for non-technical users there is no easy and simple way to store, use and spend their coins. The reason for this being the lack of an ecosystem which is essential for the mainstream accessibility of a cryptocurrency. We are providing a solution for all those problems with X12! X12 offers an extensive ecosystem including mobile wallets, ATM and debit cards, making it really simple to use for everyone while still protecting the privacy of all parties involved. We believe that a successful cryptocurrency must be secure, simple, untraceable and should offer a proper ecosystem which makes it extremely user-friendly for everyone. X12 is the first cryptocurrency which solves all these problems and fulfills all the important requirements and much more. X12 Coin Whitepaper 3 / 18

4 X12 Ecosystem Our mission is to create and establish a truly simple cryptocurrency that can easily be used by everyone. We will do everything in our power to reduce complexity and thus make using X12 as simple as paying for a meal with a credit card at your favourite restaurant or ordering concert tickets online. Other cryptocurrencies deliver privacy, but X12 provides privacy, great technology and a stunning ecosystem. The X12 ecosystem is allowing everybody to use the X12 privacy coin in their everyday life. We are working on various tools to make your life with X12 much easier. For e.g. you can use a web-based wallet and a mobile wallet on your smartphone. Additionally, we have launched a payment plugin for the highly popular e-commerce WordPress plugin WooCommerce. You will also be able to use X12 to buy goods in your favourite shops using our debit card or exchange it for cash with an X12 ATM machine around the corner. X12 Coin Whitepaper 4 / 18

5 Wallets A cryptocurrency wallet is a secure digital wallet. It is used to store, send and receive cryptocurrencies like X12. To provide the best user experience possible, we have developed a graphical desktop wallet, a web wallet and a mobile wallet for different platforms. Thus, making the use of X12 very simple and versatile. Graphical Desktop wallet Unlike many others, we offer a secure, simple and graphical desktop wallet for Windows and Mac. The desktop wallet can be downloaded on our website. The installation is very easy and completed within a few minutes. Once installed you can manage, store, send and receive X12 coins. X12 Coin Whitepaper 5 / 18

6 Web wallet X12 Coins can be stored in a cloud wallet named SkyWallet. SkyWallet is a free, secure, simple and fast cryptocurrency wallet in the cloud and was developed by a group of developers in the X12 technical team. We - the core X12 developers - are working closely with the SkyWallet technical team. They are proud to announce that they have already now reached users in SkyWallet. Skywallet makes it possible to send coins to an other Skywallet address with just using the e- mail as the receiver address. This feature eliminates the need of long wallet addresses and makes it super easy to remember and send coins. With Skywallet you can keep wallets of your digital currencies and store your coins. Skywallet is easier than online banking while offering the same level of security. It is constantly synchronized to the network, so that you can immediately see when you send and receive coins. Simple usability allows anyone to use the wallet without problems even if they have never worked with cryptocurrencies before. You can rely on an extremely high level of security, as high as a wallet installed only on your PC. This is because Skywallet secures the private keys and passwords in a way that makes the coins accessible only to the user with the right password. We will go through the effort of making the code public for wallets and allowing audits in the future. Skywallet is very fast and will soon support instant coin transfers from one wallet to another with no additional costs. X12 Coin Whitepaper 6 / 18

7 Mobile wallet With our mobile wallet you can withdraw money from one of the many ATM s we are setting up in the next couple of months. We have launched an easy to use mobile wallet for IOS devices and will launch the Android app in March This process will be very simple and user-friendly: you start your mobile wallet, generate a QR code, scan this QR code at the ATM and get your money. Paying for the goods and services provided by the shops and merchants collaborating with us will also be possible with the mobile wallet. Simply scan the QR code and the money will be transferred quickly and easily. Merchants Our goal is that everybody can go shopping with X12 coins. Therefore, we are building a global network of merchants accepting X12 coins. We also developed the WooCommerce integration Skypayment so that online shops can easily integrate our X12 coin. The payment in the shops will be done with the mobile wallet by scanning a QR code and thus initiating the transaction in the easiest and fastest manner possible. To achieve this big goal, we are launching an initiative where our sales team will gain merchants to expand our ever-growing global network. X12 Coin Whitepaper 7 / 18

8 We can proudly announce that we have already acquired a few merchants, which are accepting our X12 coin: You can find a complete list of merchants, which are accepting X12 on ATM We will not rest until you are able to use X12 without thinking of it as a cryptocurrency. The world-wide installation of ATM machines will enable you to exchange X12 for cash around the corner. X12 Coin Whitepaper 8 / 18

9 At the end of March 2018, we will put up the first ATM. In the course of the next 4 months, a total of 120 ATM s will be set up in the German speaking area alone. This will change our users daily routines and shopping habits forever. Instead of carrying around a lot of cash, risking it to be stolen, or finding yourself in a situation where credit cards are not accepted, you can just walk up to the next X12 ATM and withdraw the amount needed. Payment plugin We engage in establishing a cooperation with various online shops that offer a variety of services and goods so that our X12 community can spend their coins on things they require, need, or want. Our team has developed Skypament *1, a payment plugin for the popular Woocommerce plugin. Woocommerce is an e-commerce plugin which gives the users the possibility to deploy an online-shop on their WordPress site. Currently, there are over 3 million *2 active WooCommerce installations. This innovation makes it extremely easy to incorporate the X12 coins into all the WooCommerce online shops, thus making them accessible for the customers. The configuration and integration of our payment plugin is very easy for the shop owners. The customers of the online shops see an additional payment method in the checkout, select this and can pay their goods with X12: *1 official Skypayment plugin page: *2 offical WordPress site: X12 Coin Whitepaper 9 / 18

10 Skypayment is verified by wordpress.org and can be found in the plugin repository and is already usable for the thousands of online shops worldwide using Woocommerce. Mining X12 coin is a cryptocurrency that relies on Proof-of-Work mining to secure the network. The X12 coin Project does not endorse any particular pool, software, or hardware and is independent from the existing mining pools. Mining is the process of verifying transactions and of adding them to the public ledger. Mining has several functions: verifying transactions bundling transactions in a block getting the hash that was assigned to the previous block solving the mathematical puzzle/proof of work problem The first participant to solve the puzzle gets to place the next block on the blockchain and receives the commission payment. X12 Coin Whitepaper 10 / 18

11 Setting up and running your own mining rig is highly complicated and complex since you have to acquire the right hardware, assemble and configure it. It is much easier to join a mining pool, pay for the already existing computing power and receive X12 coins. Fortunately, already big mining pools and companies are supporting the X12 coin and are helping to stabilize and secure the network. For reasons of impartiality, we cannot name them here but a simple websearch will reveal them to you. Debitcard With the objective of making the X12 coin even easier to spend, we will offer a debit card. This means connecting the blockchain technology with the real world and being one step ahead of other cryptocurrencies. To achieve this huge goal as soon as possible, we have already acquired a banking license and are preparing the debit card launch. After the launch the X12 coins can quickly and easily be transferred to the debit card which can then be used like a credit card. The amount will automatically be converted into the current X12 rate and the coins will be subtracted. X12 Coin Whitepaper 11 / 18

12 X12 Coin With X12 we managed to create a secure, private and untraceable Privacy Coin, which - due to its simple and user-friendly X12 ecosystem - is easy to use for everybody. X12 distinguishes itself highly from other crypto-currencies like BitCoin or Ethereum. Most people think that payments and transactions with BitCoin are made anonymously. But that is not the case. Quite the opposite is what is happening: Every transaction can be traced exactly. You can use Bitcoin anonymously only if nobody knows who the account belongs to. The X12 Coin is a Monero (XMR) fork with the target to improve Monero and to create an ecosystem enabling the mainstream users to use their privacy coins easily and without any indepth technological knowledge. X12 was created by the X12 project group which is a group of programmers, independent financing experts and cryptography specialists. The X12 project group is committed to its ideals: protection of privacy, fight against surveillance and usage of state-of-the-art technology. By using X12 and its ultramodern technologies you can rest assured that every transaction is completely anonymous. Nobody can trace who sends and receives coins. This enhances independence, protection from surveillance & suppression and offers people more freedom. With the well-built ecosystem you will be able to use a web-based wallet and a mobile wallet on your smartphone, buy goods in your favourite shops with our debit card and exchange your X12 for cash with one of many X12 ATM machines. Additionally, we are developing a payment plugin for the very popular e-commerce Wordpress plugin Woocommerce, which makes it easy for shop owners to integrate X12 payments. The X12 team premined 2.7 million coins to fund the whole project. This covers the personnel costs as well as the development of the amazing X12 ecosystem, which will drastically improve the everyday life of our users. 50% of the premined coins are distributed to the core developer team,30% goes to Skywallet and 20% to the ATM developers. We believe in the X12 project, so all premined coins are locked until 2020 and will not be dropped on the market. X12 Coin Whitepaper 12 / 18

13 Technical Specification PROOF OF WORK CryptoNight may change in the future DIFFICULTY TARGET every block based on the last 720 blocks, excluding 20% of the timestamp outliers BLOCK TIME 5 minutes may change in the future as long as the emission curve is preserved BLOCK REWARD smoothly decreasing and subject to penalties for blocks greater then median size of the last 100 blocks (M100) see the latest block coinbase transaction amount for current reward BLOCK SIZE dynamic, maximum of 2 *M100 MAX SUPPLY 18 millione CIRCULATING SUPPLY ~ 11 millione* RECIPIENT PRIVACY stealth addresses SENDER PRIVACY Ring signatures AMOUNT OBFUSCATION Ring confidential transactions EMISSION CURVE first, main curve: ~ million coins by the end of May 2022 then, tail curve: 0.6 X12 per 5-minute block, kicks in once main emission is done, translates to <1% inflation decreasing over time We are constantly working to improve the X12 coin on the technological side. For July 2018 we are planning a fork, which will reduce the block time, increase the block size and the throughput. * at the time the whitepaper was published (1st of February) X12 Coin Whitepaper 13 / 18

14 Team We created the privacy coin X12 and are building an ecosystem around X12, which allows the community to easily use cryptocurrency in their everyday life. This will be possible in a private, secure and untraceable way, protecting financial privacy. As you can imagine, there are many people who are not happy with our vision and mission to give the power back to the community and people. Therefore, we decided to operate incognito as of yet to protect our team and secure the project aimed at giving our community the best experience with our cryptocurrency. Nevertheless, we have a big and very strong team coming from Austria and Germany: All team members are genuine experts in their respective fields with more than 5 years of experience and 100% commitment to the project. Together, we have over 150 years of experience! You can contact us anytime on Twitter, Facebook or our own support system if you have any questions! X12 Coin Whitepaper 14 / 18

15 X12 Roadmap Our recently accomplished tasks: X12 Coin Whitepaper 15 / 18

16 In 2018 we are working on creating amazing innovations, which will take X12 to the next level. Roadmap 2018 We will also be listed on HitBTC in the first quarter of 2018! Such a listing is really hard to get, and only valid cryptocurrencies are getting it. This step will not only make the X12 accessible to more people, but X12 will also become an important and truly big player in the crypto world! X12 Coin Whitepaper 16 / 18

17 Conclusion Our X12 team s mission is to create and establish a truly simple cryptocurrency that can be used by everyone. We will do everything in our power to reduce complexity and make using X12 as simple as using a credit card to pay at restaurants, shops or for online purchases additionally to withdrawing cash at our ATM machines. In order to achieve this goal, our software developers, user experience specialists and also support agents are working tirelessly day and night. This is our promise to you: we will not rest until you are free to use X12 without thinking of it as a cryptocurrency. To achieve this grand goal, we are working on various tools to make your life with X12 easier. They will enable you to use a web-based wallet, a mobile wallet on your smartphone. Furthermore, buying goods in your favourite shops and exchanging your coins for cash with an X12 ATM machine around the corner will become completely natural actions for you in the near future. In addition to the ease of use, we are working hard negotiating with exchanges, vendors and merchants to enable you to spend X12 on as many and as varied goods and services as possible. We engage in establishing co-operations with online shops that offer a variety of services and goods so that our X12 community can spend their coins on things they require, need, or want. Finally, to protect the project and you, our user and community member, from control and monitoring, X12 is a truly independent currency. This is exceedingly necessary in today s digital age because our surveillance society is rapidly enhancing sensors to penetrate all aspects of our personal lives, especially our personal economic sphere. This is why X12 was created, namely to ensure widespread usage, independence, privacy and security. Our engineers, independent financial experts and cryptography experts are continuously working on ensuring all of that. X12 Coin Whitepaper 17 / 18

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