ACUTECOIN WHITE PAPER. "Trade, Mine & be Social" The social crypto platform that rewards its members.

Transcription

1 ACUTECOIN WHITE PAPER The social crypto platform that rewards its members. "Trade, Mine & be Social"

2 TABLE OF CONTENTS DISCLAIMER 2 LEGAL AND REGULATORY REMARKS 3 ABSTRACT 5 INTRODUCTION 6 ACUTECOIN AS THE SOLUTION 7 OVERVIEW OF ACUTECOIN 8 ACUTECOIN PLATFORM MEMBER SERVICES 8 HOW USERS EARN WITH ACUTECOIN 9 EXPANDING GLOBAL MARKETPLACE 11 INCENTIVE BASED ALTERNATIVE TO MINING 11 PROOF OF STAKE (POS) 11 ACUTECOIN SPECIFICATIONS 12 CONTRIBUTING TO ACUTECOIN ICO 13 ACUTECOIN DISTRIBUTION 13 ICO FUND ALLOCATION 13 ACUTE COIN BOUNTY PROGRAM 14 ROADMAP 15 EXCHANGE LISTING 16 ACUTECOIN TEAM 16 CONCLUSION 16 1

3 DISCLAIMER PLEASE READ THIS DISCLAIMER SECTION CAREFULLY AND CONSULT LEGAL AND FINANCIAL EXPERTS FOR FURTHER GUIDANCE This Whitepaper has been prepared for distribution solely for information purposes. AcuteCoin does not guarantee the accuracy of the conclusion and statements reached in this document. The following information may be incomplete and in no way implies a contractual relationship. While we make every effort to ensure that all information in this whitepaper is accurate and up to date, such material in no way constitutes professional advise. AcuteCoin neither guarantees nor accepts responsibility for the accuracy, reliability, current (as of this Whitepaper) or completeness of this content. Individuals intending to contribute in this platform should seek independent professional advise before acting on any of the information contained in the document. The coin is open to anyone who understands the risk involved in contributing practices however, AcuteCoin is not engaged in any illegal activities. We aim to create a stable and viable platform which could bring value to all participants. By using AcuteCoin and its platform, you confirm that you have read our terms and conditions. Therefore, you understand them and agree to be unconditionally bound by them. This site is intended to be used for information purposes only and in order to use this service you must accept our Terms & Conditions, disclaimer as follows: Your liability with your own decision AcuteCoin is not intended to be used as a general guide to investing and should be used for information purposes only. When making an investment decision, you should either conduct your own research and analysis or seek advice from an expert to make a calculated decision. AcuteCoin does not offer Investment Advice or Brokering Services. AcuteCoin provides information only and offers further support during the working process. This site is constituted and accepted by the information solely on the website, otherwise, this must be declared. Legal Warning AcuteCoin creates equal opportunities to citizens, residents, and representatives of companies across the world. Otherwise, any legal issues, loss or damages without limitation (including indirect or direct) arising whatsoever from limited legal knowledge must be liable for their own consequence. Accordingly, AcuteCoin will not be liable, whether in contract, even in force majeure, for damages, costs or other failures arising from your contribution. We reserve the right to refuse any complaint(s) in the event of lack of knowledge. You should identify any information you find on our website that you want to rely on, whether this is used for investment decisions or otherwise. 2

4 LEGAL AND REGULATORY REMARKS This whitepaper is for information purposes only and may be subject to change. AcuteCoin cannot guarantee the accuracy of the statements made or conclusions reached in this whitepaper. AcuteCoin does not make and expressly disclaims all representations and warranties (whether express or implied by statute or otherwise) whatsoever, including but not limited to: - any representations or warranties relating to merchantability, fitness for a particular purpose, description, suitability or non-infringement; - that the contents of this document are accurate and free from any errors; and - that such contents do not infringe any third party rights. AcuteCoin shall have no liability for damages of any kind arising out of the use, reference to or reliance on the contents of this whitepaper. This whitepaper may contain references to third-party data and industry publications. As far as AcuteCoin is aware, the information reproduced in this Whitepaper is accurate and that its estimates and assumptions are reasonable. However, there are no assurances as to the accuracy or completeness of this information. Although information and data reproduced in this Whitepaper are believed to have been obtained from reliable sources, we have not independently verified any of the information or data from third party sources referred to in this whitepaper or ascertained the underlying assumptions relied upon by such sources. As of the date of publication of this whitepaper, AcuteCoin (XAC) Coin has no known potential uses outside of the AcuteCoin platform ecosystem and are not permitted to be sold or otherwise traded on third-party exchanges until the Initial Coin Offering has been completed. After such time AcuteCoin will proceed to make application to a number of exchanges to enable the trading of the (XAC) Coin on these exchange platforms. This whitepaper does not constitute advice or a recommendation by AcuteCoin, its officers, directors, managers, employees, agents, advisors or consultants, or any other person to any recipient of this paper on the merits of participation in the AcuteCoin Coin Sale. Participation in the AcuteCoin Coin Sale carries a substantial risk that could lead to a loss of all or a substantial portion of funds contributed. No promises of future performance or value are being made with respect to AcuteCoin, including no promise of inherent value, no promise of continuing payments, and no guarantee that AcuteCoin (XAC) Coins will hold any particular value. Unless prospective participants fully understand and accept the nature of AcuteCoin s proposed business and the potential inherent risks, they should not participate in the AcuteCoin Coin Sale. AcuteCoin (XAC) Coin is not being structured or sold as securities. AcuteCoin (XAC) Coin is not a participation in AcuteCoin and AcuteCoin (XAC) Coin holds no rights in AcuteCoin. AcuteCoin (XAC) Coin is sold with an intended future functionality on the platform to be developed by AcuteCoin and all proceeds received during the Coin Sale may be spent freely by AcuteCoin on the development of its business and platform. The XAC Coin can be used in the AcuteCoin platform with a corresponding utility value inside such ecosystem and will not provide any redemption rights. We believe that the AcuteCoin does not qualify as a security and does not provide contributor equity share in the legal structure of any of the AcuteCoin entities. This Whitepaper does not constitute a prospectus or offering document and is not an offer to sell, nor the solicitation of an offer to buy any investment or financial instrument in any jurisdiction. AcuteCoin (XAC) Coin should not be acquired for speculative or investment purposes with the expectation of making an investment return. No regulatory authority has examined or approved any of the information set out in this Whitepaper. No such action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of this Whitepaper does not imply that applicable laws, regulatory requirements or rules have been complied with. The AcuteCoin sale represents a voluntary contribution towards the execution of this product s vision by its current and future team as it is described in this whitepaper. The AcuteCoin (XAC) does not grant any direct equity stake or profit sharing. It does not represent an ownership right or claim in the AcuteCoin platform, revenues or intellectual property, either present or future. Despite AcuteCoin team's best effort and diligence to bring this project forward, all contributors should be aware that their contributions are not refundable and accept the inherent risk of project failure at any stage of development. This implicit risk is associated with any and all uncertainty of backing cutting-edge technologically focused entrepreneurial projects and can be affected by either internal or external factors that are out of the control and scope of the team. Additionally, contributions may be subject to any applicable compliance regulations (including KYC, AML, and others where applicable). The planned AcuteCoin platform first needs to be analyzed and tested by our team. The AcuteCoin platform will only then be operational if and when all tests have been completed successfully. Therefore, the above described function of the XAC as a means of payment on the AcuteCoin platform will at the earliest be activated from the moment successful testing has been completed onwards. 3

5 This Whitepaper does not constitute a prospectus or offering document and is not an offer to sell, nor the solicitation of an offer to buy any investment or financial instrument in any jurisdiction. AcuteCoin (XAC) Coin should not be acquired for speculative or investment purposes with the expectation of making an investment return. No regulatory authority has examined or approved any of the information set out in this Whitepaper. No such action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of this Whitepaper does not imply that applicable laws, regulatory requirements or rules have been complied with. 3 Indemnification The users agrees to indemnify and hold harmless AcuteCoin, and its respective affiliates, officers, agents, employees, and permitted successors and assigns against any and all claims, losses, damages, liabilities, penalties, punitive damages, expenses, reasonable legal fees and costs of any kind or amount whatsoever, which result from or arise out of any act or omission of the indemnifying party, its respective affiliates, officers, agents, employees, and permitted successors and assigns that occurs in connection with this Legal Document. This indemnification will survive the termination of this Legal Document. Dispute Resolution (Optional) In the event a dispute arises out of or in connection with this Agreement, the Parties will attempt to resolve the dispute through friendly consultation. If the dispute is not resolved within a reasonable period then any or all outstanding issues may be submitted to mediation in accordance with any statutory rules of mediation. If mediation is unavailable or is not successful in resolving the entire dispute, any outstanding issues will be submitted to final and binding arbitration in accordance with International Law. The arbitrator's award will be final, and judgment may be entered upon it by any court having jurisdiction within International Courts. ROI Return On Involvement refers to the members participation and contributions made and its accumulated returns over a period of time. Modification of Agreement Any amendment or modification of this Agreement or additional obligation assumed by either Party in connection with this Agreement will only be binding if evidenced in writing signed by each Party or an authorized representative of each Party. Time of the Essence Time is of the essence in this Agreement. Force Majeure It must be made known and clear that AcuteCoin shall not be liable for failure or loss of contribution or failure in performance resulting from causes beyond its reasonable control including but not limited to acts of state or governmental authorities, acts of terrorism, natural catastrophe, storm, flood, earthquake, riot, insurrection, civil disturbance, sabotage, embargo, blockade, acts of war, or power failure. In the event of such delay, AcuteCoin shall be held harmless and indemnified against any and all financial losses or breakdown. Entire Agreement It is agreed that there is no representation, warranty, collateral agreement or condition affecting this Agreement except as expressly provided in this Agreement. Inurnment This Agreement will inure to the benefit of and be binding on the users and their respective heirs, executors, administrators and permitted successors and assigns. Governing Law It is the intention of the Parties to this Agreement that this Agreement and the performance under this Agreement, and all suits and special proceedings under this Agreement, be construed in accordance with and governed, to the exclusion of the law of any other forum, by the laws of International Courts at the Hague without regard to the jurisdiction in which any action or special proceeding may be instituted. Severability In the event that any of the provisions of this Agreement are held to be invalid or unenforceable in whole or in part, all other provisions will nevertheless continue to be valid and enforceable with the invalid or unenforceable parts severed from the remainder of this Agreement. 4

6 ABSTRACT The digital economy is maturing and blockchain technology is changing the way we do business. The financial sector is leading the way in the blockchain. While some potential uses of blockchain technology may be years away, the digital economy is already here. The industry needs a bridge between traditional and emerging asset classes. Experienced traders have teamed up with experienced developers to build this bridge. Designed for mainstream adoption, the AcuteCoin platform will be an all-in-one solution for crypto geared towards maximizing client value. We intend to deliver a rock-solid, user-focused framework that offers unparalleled flexibility between blockchain based digital assets and traditional markets. The AcuteCoin Ecosystem will include; (i) (ii) (iii) (iv) a simplified Affiliate/Referral program, a robust Staking and Mining system, a fast, intuitive exchange trading platform, a Debit Card platform for users and to act as a service provider for other cryptocurrencies It is our vision that newcomers to the digital economy will be able to get started with buying their first AcuteCoin instantly through our simple, supportive platform. Traders will enjoy a fast, secure, and highly flexible environment that integrates familiar features into our digital ecosystem. AcuteCoin will also offer innovative opportunities, such as Cloud Mining and a fullfeatured Debit Card intended to give users access to their digital currency at all times. 5

7 INTRODUCTION Trading is a major aspect of human life. It is a necessity of everyday human life to exchange goods and services. A lot of transactions are carried out in different parts of the world every day. People all over the world engage in interactions, transactions as well as investments in businesses. Basically, trading is an essential part of modern life. Over time, there has been adjustments and advancements in the methods of trading. One of such advancements is the introduction of cryptocurrencies. The idea for digital money started with the revolutionary Bitcoin whitepaper by Satoshi Nakamoto in The cryptocurrency industry has now grown with numerous cryptocurrencies in the market and more people investing in the market. AcuteCoin uses exceptional blockchain technology to transform the way people trade and invest. Contributing to the AcuteCoin s ICO is a smart way to benefit from the initial offering and establish a lasting profitable return. AcuteCoin is constructed on a highly secure peerto-peer network and operated under the blockchain system. There is a guaranteed safety and anonymity for users who engage in any transaction. If you seek an innovative solution that will offer you a safer, simpler and swifter method for trading in the cryptocurrency market, AcuteCoin is definitely what you need. 6

8 PROBLEMS IN THE MARKET Every day, the number of cryptocurrencies increases. As a result, it is often challenging for participants, most especially the ones with little knowledge of the cryptocurrency industry, to decide on the cryptocurrency, in which they will consider the best opportunity. Sometimes, participants contribute a lot of money in a cryptocurrency, and they end up gaining very little later on. Participants often find it challenging to find professional trading platforms which are reliable. The fear of losing their contribution has made a number of participants to have panic attacks. One good way to help participants and assure them of the safety of their contribution is to provide them with a platform where they can interact easily with reliable a professional support team. ACUTECOIN AS THE SOLUTION Participants stand to benefit greatly using AcuteCoin. It uses a complex algorithm to assess a trader s performance and then creates a portfolio for each assessed trader. The participants can use this portfolio to make smart decisions. 7

9 OVERVIEW OF ACUTECOIN Utilizing a hybrid Proof of Work and Proof of Stake mechanism, AcuteCoin is a self-regulated financial system that provides the holder with the ability, without any centralized middle authority, to spend or send money worldwide. AcuteCoin also allows the user to earn revenue through its platform, generated by ventures made into foundational aspects of the cryptocurrency ecosystem. The AcuteCoin platform provides users with multiple opportunities and an exclusive crypto community that both learn and earn together by sharing and building their portfolios together. AcuteCoin strives to be both a platform for earning and a useful tool in helping you maneuver your way through this exciting industry. The AcuteCoin team is made up of cryptocurrency traders, Miners and Blockchain Technology Consultants. We have established professionals from every aspect as to provide our users with the best possible service offered by other similar platforms that may not be up to par considering the number of user's funds they have been entrusted with. ACUTECOIN PLATFORM MEMBER SERVICES The AcuteCoin platform offers its members the opportunity to earn daily income. For the first 60 days after launch, AcuteCoin members will receive up to 2% daily payouts, this being designed as a buy back' for our supporters. During these 60 days, our service platform will be undergoing full-scale development in preparations for the implementation of our social trading features which in future will be the primary income driver for platform members. In addition, our mining operations will be at 90% operational and members will begin receiving payouts of mined coins after the 60 days. As there are many cryptocurrencies, coins and tokens available to participate in, we see the potential returns that can be generated within days, if you're on time and have access to the correct information. Our platform will bring this opportunity to its members simply because there is power in numbers and we will all earn together. The AcuteCoin Team will expand its roster with more professional traders and analysts to help monitor markets and access information across the globe 24/7 for the benefit of the community. These features are the foundations of AcuteCoin s long-term plans for a sustainable and viable cryptocurrency platform. 8

10 HOW USERS EARN WITH ACUTECOIN AcuteCoin users support the platform and the overall ecosystem by granting coins in return for earned interest on those grants. These opportunities are strategically selected by the AcuteCoin team and are designed to be timely implemented as the platform and users numbers grow and make up a realistic roadmap considering the number of opportunities in the Crypto and Blockchain Technology Ecosystem. AcuteCoin Staking AcuteCoin staking allows users that aren t completely tech savvy to enjoy the benefits of earning interest in AcuteCoin itself. This is a bonus feature that allows you to lock in your coins but earn actual coins in interest and not a dollar value, thus you get the benefit of minting new AcuteCoin and enjoying its rise in price as demand for our program increases. Also by staking and holding on to your AcuteCoin coins, you can expect gains of up to 8% for the first 4 month and 10% annually thereafter. Crypto Currency Portfolio We accumulate and manage cryptocurrency and token portfolio with a focus on small cap coins and tokens with the greatest potential. ICO's will also be considered. Community input is key and will be relied upon when making decisions on what coins to buy next via a voting system. The top traders on the platform would have the greater influence on those decisions. Trading, Buy and Sell The day to day trading of Bitcoin, Ethereum, Litecoin, and Ripple. These cryptocurrencies have higher trading volume with traditional fiat markets. These markets also provide the opportunity as a liquidity provider for large purchases of these coins via over the counter markets. Coin Lending Users of AcuteCoin can participate in our Lending Platform. On this platform, users acquire different AcuteCoin bonus rate at each tier based on the amount of coins users want to lend out. The higher the amount you lend, the higher the amount of AcuteCoin s gained. While other programs tend to only reward the earliest participants, we offer return rates that are realistic and sustainable for all. We can assure all members that all coin loans will attract daily payouts as we place a high value on all our members.. 9

11 Crypto Currency Mining We currently operate a small mining farm based in North America. This operation began in May of 2017 breaking even in October Currently mining coins such as Electroneum and Ethereum we plan to drastically increase the size of this operation with the hopes of establishing a new facility in a country that provides both sufficient sunlight for solar power and the cheapest power consumption costs. More news to come on this exciting venture for AcuteCoin. Mobile Crypto Currency Exchange and Debit Card service provider yes, you read that correctly. Your AcuteCoin contribution include the opportunity to not only launch a mobile cryptocurrency exchange attached to a debit card but also be the actual service provider of cryptocurrency debit cards to other coins, retail businesses looking for new marketing opportunities and other network marketing programs looking for settlement solutions. We are more than just a coin with a cool debit card! Affiliate Program - AcuteCoin's appealing referral/affiliate program allows you to earn additional coins whenever you tell other users about this opportunity and refer them to the AcuteCoin community. For every new user linked to AcuteCoin platform by means of your affiliate link, our bonus program facilitates your prospect to earn more. Under AcuteCoin affiliate program, there are 3 rewarding ranks for every registered partner to earn additional commissions. Any time a referral buys services on our platform with your affiliate link, you will automatically earn a commission. The amount your partner spends determines the commission you get. Selected YouTube and top promoters will be rewarded from our Top tier for their efforts. Bounty Program These types of platforms would be nothing without the users that create web pages, blog and forum posts and YouTube videos. We are adding an extra bonus for the first of these such posts. A total of 10,000 AcuteCoin will be distributed pre-platform launch during or after the ICO 10

12 EXPANDING GLOBAL MARKETPLACE We envision that in the nearest future, there will be an expected membership growth of over 5,000 members and vendors who trade actively in the AcuteCoin Marketplace. Based on demand, the more the number of people using AcuteCoin s, the higher the amount of the daily gain and profit. INCENTIVE BASED ALTERNATIVE TO MINING Mining can be challenging and costly. This is why we have provided AcuteCoin as the marketbased alternative to mining. With pre-mined tokens, there will be utility and flexibility in the everyday use of coins. There will be no need to go through the expense of running and maintaining heavy machinery. PROOF OF STAKE (POS) AcuteCoin employs the Proof of Stake concept in securing all transactions. Therefore, anyone with AcuteCoin will be able to use the coin to help validate the transactions in the ledger. The process of doing this is referred to as staking, and it is through this process that newly issued coins are presented to the network. With the Proof of Stake (POS) method, people are able to mine or verify block transactions based on the amount of AcuteCoin s they have. The more AcuteCoin s a miner has, the more mining power such a miner will have, and eventually, the higher the returns to be made. No one is restricted from staking coins and being rewarded with the newly issued AcuteCoin. You will only be required to download our wallet and ensure the wallet is online when you process any transaction. Your computer power is used in distributing and verifying the network, and you acquire the rewards. AcuteCoin is based on an open source code. This means that every process and transaction can be seen by everyone. This is one of the powerful advantages of digital currency. There is transparency, and no one has more authority than another. Your authority only depends on the amount of AcuteCoin s you have and are staking, and the network is open to everyone. 11

13 ACUTECOIN SPECIFICATIONS All coins that are not sold out before the deadline will be immediately transferred to the next round. Unsold coins after the ICO will be placed into the community staking fund. 12

14 ICO FUND ALLOCATION The funds generated will be used in the following ways highlighted in the table below: PARTICIPATING IN ACUTECOIN ICO In the cryptocurrency market, it is a common thing to buy a cryptocurrency at a lower price and sell it later at a fairly high price. This is how some people generate profits. If you are looking for a good opportunity to purchase AcuteCoin at the lowest price, then you have to take advantage of the AcuteCoin ICO. So if you hoping to have a good asset in AcuteCoin, it is advisable you join the ICO. Our target is 10,000,000 ICO coins. ICO PRICE 13

15 ACUTE COIN BOUNTY PROGRAM A total of 10,000 XAC will be distributed via our bounty program Bounty Allocation Campaign 1: Facebook, Instagram and Twitter 45% / 4500 XAC Campaign 2: Translation 5% / 500 XAC Campaign 3: Media, Videos & Blog Posts 50% / 5,000 XAC General Terms 10,000 XAC is allocated to the bounty No cheating or attempting to game the system 1., Twitter, Instagram & Facebook Rules: Must have over 300 Facebook, 1000 Instagram, and 500 twitter followers Like, Share and Retweet Do not retweet tweets that are answers to other users. 2. Translation Rules: Must speak the language fluently No Google Translator or other translation tools. Will be required to maintain the thread on Bitcointalk 2 days to finish the translation or disqualified Chinese, German, Spanish, Turkish, French, Portuguese, Arabic, Japanese, Korean and Russian 3. Media and Blog posts Rules: Your channel or blog must have over 500 subscribers Top quality presentation and the content must be as informative as possible Your referral link can be used Coins will be distributed based on subscriber count 14

16 ROADMAP We believe in growth. Any business not growing is a business dying. We have made plans to ensure AcuteCoin continues to grow and everyone involved will benefits greatly.. 15

17 EXCHANGE LISTING AcuteCoin will primarily be available for purchase on the AcuteCoin exchange platform. Immediately after you purchase your coins, a confirmation of your purchase will appear inside the member s area. The coins will reflect in your wallet. Afterwards, you can start staking. After the period of our ICO, we intend to list on 2 or more exchanges, hoping to list on many more exchanges in the nearest future. ACUTECOIN TEAM Our team consists of committed software developers, financial specialists, digital marketing specialists, IT engineers, legal experts, visionaries and customer satisfaction specialists. Aside from having many years of experience in blockchain technology, crypto development, trading, and our team members are devoted to ensuring the continuation of the blockchain revolution. We have come up with strategies that are sound and self-sustaining. We are working in partnership with some leaders in the legal and financial sphere, who have vast experience and knowledge in helping an ICO become successful. Our team is not just passionate about staking and mining AcuteCoin s, we are also passionate about building a knowledgeable community on our platform. We strongly believe in the long-term potential and profitability of the blockchain technology. It is this belief that drives us to create a self-sustaining ecosystem around our platform and revolutionize the future of the cryptocurrency market. We are committed to helping you have the best venture in the cryptocurrency market. CONCLUSION AcuteCoin is a self-regulated financial system created on an open source platform that promotes cryptocurrency transaction and education. We present social trading, which is at the core of AcuteCoin, like never before. The innovative portfolio will help you make the right trading choice and help you generate huge profits from your contributions. To really, be a part of this revolution and benefit greatly, you have to be a part of our ICO. Take advantage of this period and get AcuteCoin at the lowest price ever, and we can assure you of a huge future reward. We have one of the finest team in the cryptocurrency industry. Our team members are not just interested in presenting a cryptocurrency with value, we are also interested in people, and we want them to have the best out of their contributions in the cryptocurrency market. As a contributor, you can buy AcuteCoin, support what we present and have the opportunity to generate daily profit. 16