World s first decentralized find engine and marketing platform for the global leisure market. Whitepaper Prepared For Public Release by GIEGLE.

Transcription

1 World s first decentralized find engine and marketing platform for the global leisure market Whitepaper Prepared For Public Release by GIEGLE. COM

2 Table of Contents Abstract 3 Problem Overview 3 The Challenge: 3 Consumers 3 Companies 3 The Solution 4 Consumers 4 Companies 4 How it works 4 For the Consumers 4 For the Companies 4 For the Community 4 Giegle Tokens 5 Token overview 5 Dividend and voting tokens 5 Currencies offered as dividend payment 5 Decentralization of ownership 5 Transparency 5 Token ICO Issuance 6 General overview 6 Timetable Crowdsale 6 Use of Tokens after ICO 7 Hard and Soft Capitalization 7 Crowdsale bonus structure 7 GIEGLE Platform 8 Risk Factors 8 Platform Overview 9 Token Issuing 9 Dispute Resolution 10 User Feedback 10 Community Engagement 10 Security 10 Simplified Fee Structure 10 Roadmap 11 Value Proposition 12 Value Overview 12 Leisure Index Sector Analysis 12 Revenue Projection 12 About the Team and the Company 12 Core Development Team 12 FAQ 13 Appendix 14 Terms & Conditions 14 Legal Disclaimer 14 2

3 Abstract GIEGLE.COM is a decentralized find engine that enables consumers to find new, surprising and inspiring leisure activities by using state of the art blockchain technology. GIEGLE.COM is a global marketing platform for leisure companies which enables them to use high end marketing and management technology at a guaranteed low cost, gaining more control over their companies processes and commercial activities, and supporting them to actively grow their own businesses. GIEGLE.COM is worlds first online platform that charges low prices for her services and guarantees through a smart contract a maximum indexation of 2.5% annually. Many platforms, moreover most platforms increase their prices dramatically once they are successful, and the majority of professional users are hooked to the service and a large portion of their business is generated by the platform. And this happens often, while the success has also come by the support from it s users and their smart use of the platform. GIEGLE.COM wants to do fair business, where the leisure market can rely on us and the users can have maximum benefit of their own success. As a user of the platform you can find all local events. get personal offers full market database. One stop shop Giegle social network Earn Giegle s programm by joining our network for free As a company you can use the GIEGLE.COM technology for: Adding new sales channels Use WYSIWYG high-end marketing and management tools Measurable results Grow your business hands on Basic use of the technology always for FREE! Save on purchases The payed services will be accessible against very low cost making them accessible for all leisure companies, and which are 100% guaranteed through smart contracts using blockchain technology. Problem Overview The Challange Consumers When consumers search the internet for leisure activities, they first of all have to know what they want to look for. When they search for a certain activity, they get a lot of unqualified data which doesn t help them in the good direction. Furthermore, many times consumers don t know what to do, or just want to know what kind of activities are possible/available in a certain area/location at a certain date. Companies A big percentage of the companies in the leisure market are small companies, which poorly connect to the internet business, both from perspective of knowledge as well as because of financial incapability s. This keeps these companies abandoned from smart services in the area of online marketing, company management, better purchase deals and many other value adding services. Furthermore, the usually offered services aim on one particular part of the business, and is never a complete array of services with which the vendor can run his company more efficient, in all levels of the business. And more importantly, once a service gains popularity the price of the service is often being raised tremendously to a point where the vendor looses a big part of its profit. You see this for instance happening in the food delivery market. And at this point the vendor s turnover is usually big percentage dependent on the expensive service and there is no way back. 3

4 The Solution Consumers GIEGLE.COM is going to change all of the current search incapability s of the internet and will create unique find capabilities for leisure consumers globally. GIEGLE.COM will enable customers to find local information about possible activities on a certain date, minimized by its destination and interests of the specific finder. When found an activity of interest, through GIEGLE.COM this activity can be booked, friends can be invited to join, even transportation can be arranged. GIEGLE.COM adds value to the consumers leisure experience, and creates a new breed under internet users worldwide, the all new finders! Companies GIEGLE.COM will build a finding machine and offer a complete and wide array of services to the market, which enlarge the influence of the vendor to its own business success and adding extra revenue streams to its business model. The service will be offered in a WYSIWYG manner so there is no extra knowledge required to use the services and its systems fully. Results will be measurable and will help the companies to communicate in the most effective way with its customers. How it works For the Consumers A consumer can create a (always) free account and get awarded with Giegle s to spend later on the platform, in where they can create their own profile based on interests. Within their account they can invite friends to participate, and they can send out suggestions for attending leisure events as group. The profile furthermore enhances the use of the platform, where only information of interest is being displayed. When a consumer has a profile, the platform will send suggestions for leisure events on a regularly basis, where often the consumer can have first right of booking. (presales). The GIEGLE.COM platform will also incorporate a earn Giegle s system which coins can be used as currency on the platform. Fase 1: 1) Free full database access of ALL existing leisure companies including event agenda s. 2) Free use of the Giegle.com FIND engine. 3) Free membership with numerous advantages including access to the Giegle social network. For the Companies Companies can create a free account, which enables them to use the base technology for presenting their company/services. Besides the free account, companies can use payed services, which consist of a array of marketing, sales and administrative tools. These tools will generate better margins, larger turn-over and a better management process. Results of all tools will be measurable, which learns the management how to finetune their marketing, sales and administrative processes. 4

5 Fase 1 (Companies) 1) A sophisticated food delivery system, with a low fixed price per delivery. 2) Free membership with company website. 3) Payed membership includes marketing and management services. For the Community Giegle find engine will help the community to get built relationships between their peers. GIEGLE Tokens Token overview Dividend 10% per year of our profit will be used to purchase Giegle s. Which increase the market value of the Giegle s. With the purchase of these Giegle s we will be funding extra marketing actions and will stimulate the use of the Giegle at the same time. Currencies offered as dividend payment Payment currencies ETH, BTC, Litecoin, Dash, USD, EUR, GBP, CAD & more Decentralization of ownership Tokens owners are valuable members of the GIEGLE.COM community. As such, they are entitled to provide input in all facets of site development, new business ventures, as well to have complete ownership of their respective share of profits. These voting rights include uses of the site s revenue. No significant new ventures will be undertaken without a vote amongst holders of the public issuance. All holders who wish to participate will vote in a proof-of-stake system handled by the issuance of a voting asset which can then be used in a public and transparent democracy contract. The democracy contract is open source and the outcome of votes publicly tallied. Transparency GIEGLE.COM will provide an open and transparent exchange to its Token holders. The blockchain itself will provide an unforgeable record of all dividend playouts to Token holders. GIEGLE.COM will have a continuous, transparent, and blockchain-based overview of all cryptocurrency revenues generated and to be distributed. Each monthly Token holder announcement will detail developments of the platform and issues which will be voted on by Token holders before the next announcement. These issues will include new-venture projects, new coins added to the exchange, design considerations, and more. Token holders may submit questions to be voted on through the platform s integrated community forum. All the code of both Smart Contracts and Platform DApp will be verified on Etherscan and open-sourced on GitHub for additional confidence in it s veracity. Furthermore, GIEGLE.COM, will give holders rights in order to be an active part of key platform decisions, much like in a Decentralized Autonomous Organization (DAO). Tokenholders have the following rights: Right to vote on platform key decisions Right to have a discount on platform fee when start a crowd sale Right to rate crowd sales started on GIEGLE Possibility to promote Crowdsale on GIEGLE media channels We may always add rights for token holders, in that case we will communicate them on our official channels. 5

6 Token ICO Issuance General overview Token code: GIEGLE Price per FDM: ETH ( 1 ETH = 6000 GIEGLE ) FDM maximum total supply: 5,000,000,000 (Available through private sale, pre-ico/ presale/ico 2,550,000,000) Token freeze: partial Private sale: Token burn: Payment currencies: Soft Cap: Absolute Hard Cap: Bonus structure: Transparency: Min. purchase 1 ETH = tokens none ETH, BTC, Litecoin, Dash, USD, EUR, GBP, CAD & more No soft cap $204,000,000 USD See bounty program Open source (public Github) Timetable Crowdsale Private sale will start August 31th and ends October 30th 2018 (100% bonus) Round 1: October 31th 2018 and ends December 15th 2018 (50% bonus) Round 2: December 16th 2018 and ends February 15th 2019 (25% bonus) Round 3: February 16th 2019 and ends March 30th (0% bonus) 51%: maximum allocation to investors through entire crowdsale with no burn of unsold 29%: allocated to a reserve fund, the use of which is voted on by investors 15%: allocated to the development team (frozen by contract for 1 year) 2.5%: allocated to bounty program for community engagement 2.5%: allocated to advisors 6

7 Use of Tokens after ICO There is no soft cap for this project. The founding team believes strongly in this project and has committed to making up the difference for any shortfall in funding. The hard cap for the Token crowdsale event is $204,000,000 USD in total value of all sale currencies. Should this hard cap be reached the crowdsale will be closed and all remaining Tokens on offer are burned. This limit was chosen to give investors confidence in the maximum amount their equity in the site can be diluted, and to increase the value of the investment for all Crowdsale bonus structure Hard and Soft Capitalization The minimum tokens available for purchase of Tokens during the crowdsale are: Ethereum (ETH), Bitcoin (BTC), Litecoin, Dash). Purchase via SWIFT transfer in fiat currency may also be made directly using: US Dollar (USD), Euro (EUR), British Pound (GBP),Canadian Dollar (CAD) SWIFT transfer can be made in other currencies, however this is subject to a standard exchange rate fee. Tokens paid for via SWIFT transfer are released upon settlement of the transaction by our orresponding bank. Additional crowdsale tokens may also be available if development time allows. Initial pricing for the Tokens is currently set at ETH (1 ETH = 6000 GIEGLE ). Other payment currencies are set at equivalent ETH value. This is subject to change should there be a large shift in the price of ETH/USD to ensure the hard cap is maintained. 1. All users will have a unique referral link to share on social media. 2. When any user clicks on the shared link, they will be redirect to our ICO website to join. 3. After registering, the user can purchase any amount of token from the website. 4. The user who shared the link will get some percent of bounty reward (Tokens whose amount will be decided from admin side) in their wallet. Example: John share its GIEGLE referral link on Facebook, now Mark click that link and register to GIEGLE.COM website. Mark invest some Ether let say 0.5 Ether on GIEGLE.COM website for purchase token, in 0.5 Ether Mark will get 3000 GIEGLE token (1 Ether = 6000 GIEGLE). Now we look that Mark is referred by John and also look for the referral bounty % setting let say you set it to 15%, So the 15 % of 3000 GIEGLE (that Mark Purchase) is 450 so we will reward John with 450 GIEGLE token. Note: GIEGLE.COM has the right to not issue rewards for links considered as fraudulent (for instance, links generated by automated tools). GIEGLE is the sole arbiter and holds the final control of these decisions. 7

8 GIEGLE Platform Risk Factors The purchase of tokens involves a high degree of risk. Before acquiring tokens, it is recommended that each participant carefully weigh all the information and risks detailed in this Whitepaper, and specifically, the following risk factors: Dependence on infrastructure: Ethereum and the Internet implies that GIEGLE.COM can offer no assurances that a system failure would not adversely affect our software. Break-ins, network delays or other disruptions caused by third parties may result in interruption, delay, or even suspension of services, which would limit the use of the tokens. Smart contract limitations: Smart contract technology is still in its early stages of development, and its application is experimental in nature. This carries significant operational, technological, regulatory, reputational and financial risks. GIEGLE.COM cannot serve as any form of warranty, including any expressed or implied warranty that the GIEGLE.COM Smart Contract is fit for purpose or that it contains no flaws, vulnerabilities or issues which could cause technical problems or the complete loss of tokens or funds. Regulatory risks: Blockchain technology, including but not limited to, the issue of tokens, may be a new concept in some jurisdictions, which may then apply existing laws or introduce new regulations regarding Blockchain technology-based applications. Such regulations may conflict with the current GIEGLE.COM smart contracts and token concept. This may further result in the need to make substantial modifications to our smart contract, which may include, but not limited to: its termination, the loss of tokens, and the suspension or termination of all token functions. Taxes: Token holders may be required to pay taxes associated with the transactions contemplated herein in their home countries. It is the sole responsibility of token holders to comply with any and all tax laws of the jurisdictions applicable to them, and that they pay all relevant taxes. Force Majeure: GIEGLE.COM performance may be interrupted, suspended or delayed due to force majeure circumstances. For the purposes of this Whitepaper, force majeure shall mean extraordinary events and circumstances which could not be prevented by us and shall include: acts of nature, wars, armed conflicts, mass civil disorders, industrial actions, epidemics, lockouts, slowdowns, prolonged shortage or other failures of energy supplies or communication service, acts of municipal, state or federal governmental agencies, other circumstances beyond our control, which were not in existence at the time of Whitepaper release. If such circumstances occur prior to the issue of tokens and GIEGLE.COM is unable to issue tokens within one month from the projected date, the escrow agent may issue a refund at the request of the token purchasers. The refund will be issued in the original amount and form of payment to the same digital wallet where the funds were transferred from. Disclosure of information: Personal information received from token holders, the information about the number of tokens owned, the wallet addresses used, and any other relevant information may be disclosed to law enforcement, government officials, and other third parties when GIEGLE.COM is required to disclose such information by law, subpoena, or court order (also if all information are already public due the nature of the blockchain and our use of it). GIEGLE.COM shall at no time be held responsible for such information disclosure. Value of token: Once purchased, the value of the token may significantly fluctuate due to various reasons. GIEGLE.COM does not guarantee any specific value of the token over any specific period of time. GIEGLE.COM shall not be held responsible for any change in the value of the token. Started Crowdsale: Except with regard to its own crowdsale and explicitly expressed in this Whitepaper, GIEGLE.COM does not guarantee any responsibility on a crowdsale started 8

9 by a third party. GIEGLE.COM has no control over the actions of the projects teams. GIEGLE.COM will provide its tools to any project, however, GIEGLE.COM shall not be responsible for the completion or success of any crowdsale, nor of any such failure resulting from the actions of the project teams or third parties. Responsibility of any third party crowdsale is to be accomplished by the crowdsale creator and any other information on third party crowdsale shall be inferred by their own Whitepaper and official links. Platform Overview GIEGLE.COM brings consumers, companies, and investors together in a single decentralized network, using blockchain technology, to disrupt the leisure market by cutting out the middleman and transfer searching into finding. Token issuing Ethereum volatility: GIEGLE.COM services are priced in Ethereum. The Ethereum exchange rate volatility may impact the company s ability to provide services at the indicated prices.giegle is a utility token meant for use in the GIEGLE platform and it is transferable. However, while we are aware that the token is currently being traded on the exchanges listed here and elsewhere, we have not encouraged or facilitated this exchange trading in any way. We provide the aforementioned information solely as a means of reducing the inquiries we receive directly. Assumptions with respect to the foregoing involve, among other things, judgments about the future economic, competitive, and market conditions as well as business decisions - most of which are beyond the control of the GIEGLE.COM team and therefore difficult or impossible to accurately predict. Although the GIEGLE.COM team believes that the underlying assumptions in its forward-looking statements are reasonable, any of these may prove to be inaccurate. As a result, the GIEGLE.COM team can offer no assurances that the forward-looking statements contained in this Whitepaper will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements contained herein, the inclusion of such information may not be interpreted as a warranty on the part of GIEGLE.COM, nor any other entity that the objectives and plans of the GIEGLE.COM project will be successfully achieved. Please note that the GIEGLE.COM project may be subject to other risks not foreseen by its team at this time. 51%: maximum allocation to investors through the entire crowdsale. These tokens are transferable (not redeemed) after the crowdsale, which ends on 24 November %: allocated to a reserve fund, the use of which is voted on by investors. 15%: allocated to the development team (frozen by contract for 1 year) After one year these tokens can be transferred to any exchange but not redeemed. 2.5%: allocated to bounty program for community engagement these token can be transferred after the crowdsale (which ends on 24 of November 2018) to any exchange but not redeemed. 2.5%: allocated to advisors these token can be transferred after the crowdsale (which ends on 24 of November 2018) to any exchange but not redeemed. 9

10 Dispute Resolution In the event of any controversy, dispute or claim (a Dispute) arising out of or relating to any Parties rights or obligations under this Agreement (whether arising in contract, tort or otherwise) (including the interpretation or validity of this Agreement), such Disputes shall be resolved in accordance with the dispute resolution process referred to in the Supplemental Documentation Addendum. User Feedback GIEGLE aims to be a responsive and inclusive platform for all participants of the parcel industry it services. To this end, constructive user feedback is always welcome. Any suggestions, comments, or feedback can be submitted via through feedback@giegle.com. Any bug fixes should be submitted through the bug reporting feature of the platform. Community Engagement We aim for the highest possible uptime and 24/7 support with guarantees on resolution times. If the GIEGLE.COM website is unexpectedly down, we will have a technical engineer who will correct the storage within 1 hour. We monitor the server 24/7 on all services running on the server We manage the server and take care of security updates, so the server does not get hacked. Simplified Fee Structure 1. All users will have a unique referral link to share on social media. 2. When any user clicks on the shared link, they will be redirect to our ICO website to join. 3. After registering, the user can purchase any amount of token from the website. 4. The user who shared the link will get some percent of bounty reward (Tokens whose amount will be decided from admin side) in their wallet. The success of GIEGLE is dependent upon the acceptance and support of the parcel industry. We want to actively engage with all participants and so have community discussion boards on the platform. While we actively monitor the channels to keep the conversation civil, productive, and in compliance with our Community Code of Conduct, we otherwise do not censor any comments or threads. Additionally, we actively maintain social media profiles. Deliverers are encouraged to follow us on Twitter, Facebook, and Instagram. Security We are using state-of-the-art servers with dedicated management by a professional Dutch company to ensure maximum speed, security and uptime of our servers. 10

11 Roadmap Q Private Sale 100% bonus. Q Crowdsale, Bonuses varying from 25-50%. Q Develop a decentralized App and the first Beta version Q Adding more functionality and premiums to the platform. Q Adding more functionality and premiums to the platform. Q Adding more functionality and premiums to the platform. Q Developing legal contracts. Q Adding more functionality and premiums to the platform. Q Adding more functionality and premiums to the platform. 11

12 Value Proposition Value Overview 10% per year of our profit will be used to purchase Giegle s. Which increase the market value of the Giegle s. With the purchase of these Giegle s we will be funding extra marketing actions and will stimulate the use of the Giegle at the same time. Leisure Index Sector Analysis The Global Leisure Industry generates more then 3 trillion USD per year. The industry is expected to yearly growth with at least 4%. After the introduction and launch of the giegle platform, in updates the amount of offered free and payed services will be extended. In spite of the mindblowing size of the global leisure market Giegle in its initial year is being extremely conservative about the expected revenue streams. Giegle s aims to fully automate its services so it always offers its services at a reasonable, low, predictable and fair pricing, which ensures the main advantages for its professional users. Revenue Projection The expected generated revenue stream including all services and memberships per connected company is forecasted to be $ 1,200,- USD per year. Taken in consideration a 3 month trial period, excluding the food delivery revenues, a first year revenue stream of $ 108,000,000,- USD is considered to be conservative and more then realistic. ( 10k companies per month, 90k paying companies in the first year ) The real expected revenues are higher, considering that companies don t have a trail period for the food deliveries. This is expected to compensate companies who don t shift over to a payed membership. About the Team and the Company Core Development Team Your Own Coin is located in the Netherlands in Valkenswaard and built a professional team for GIEGLE network using best in class for each type of work needed. Roelof Meijer Introduced financial and business concepts, advises, assists entrepreneurs in their personal and corporate finance. Caspar Melis Co-founder and intellectual father of Giegle. Serial entrepreneur for over 30 years. Business inventor. Frank Wijnen Teammember and blockchain platform designer, he has 30+ years of experience in entrepreneurship in various businesses. Ajay Shukla He is instrumental in providing the technological impetus to the Infograins digital environment. Drs. Eduard Brouwer Senior commissioner and investor in Netherlands, France and USA. And is 30+ years entrepreneur. Pankaj Jaiswal He has a Bachelor of Engineering in Information Technology and Master of Business Administration In IT. Priyal Patidar She has a Bachelor of Business Administration and Master of Business Administration In E-Commerce. 12

13 FAQ What does GIEGLE stand for and what is it? GIEGLE.COM It is a utility token based on Ethereum technology that can also be used as a unit of account between customers, partners, and users in a new, blockchain-based leisure platform. The token is not a digital currency, security or a commodity. Are GIEGLEs transferable? Where are GIEGLEs traded? GIEGLE is a utility token meant for use in the GIEGLE platform. It is transferable. While we are aware that the token is currently being traded on the exchanges listed here and elsewhere, we have not encouraged or facilitated this exchange trading in any way. We provide the foregoing information solely as a means of reducing the inquiries we receive directly. What do GIEGLEs represent? The utility tokens are intended for use on the GIEGLE platform, a new Blockchainbased leisure platform. Ownership of the tokens carry no rights other than the right to use them as a means to obtain services on the GIEGLE platform, and to enable usage of and interaction with the platform, if successfully completed and deployed. The tokens do not represent or confer any ownership right or stake, share or security or equivalent rights, or any right to receive future revenue shares, intellectual property rights or any other form of participation in or relating to the GIEGLE platform, and/or its affiliates. The tokens are not refundable and are not intended to be a digital currency, security, commodity or any other kind of financial instrument. Where will GIEGLE be used? We are building the GIEGLE platform with a GIEGLE wallet and related blockchain-attested functionality. The utility token is for conducting transactions and obtaining services on the platform. Given the open-source nature of the project, however, we also envision that as we develop the GIEGLE, third-party developers may come up with new and novel uses for the token. These apps must be fraud-resistant if they are to participate. Why generate a distinct token, as opposed to using Bitcoin? GIEGLE is not a digital currency, it is a utility token. It can be used as a unit of account between drivers, partners and users on the GIEGLE platform, and can be utilized to directly measure, exchange, and verify attention. Bitcoin would not enable this distinct, in-platform problem solving. Also, an integral part of the token sale was the creation of the GIEGLE which will be used to incentivize users to join the GIEGLE platform. Finally, using GIEGLE on Ethereum allows for faster scalability than using Bitcoin. How do I view GIEGLE tokens in my wallet? You can view GIEGLE token balance in your non-hosted Ethereum wallet that supports ERC20 tokens by watching the GIEGLE contract. GIEGLE Smart Contract address on Github via website. Number of Digits: 18 Symbol: GIEGLE Which wallets can be used to store GIEGLE? GIEGLE is an ERC20 token, and can be stored in ERC20 compatible wallets. We do not recommend a particular product, but some users report storing their GIEGLE using a Ledger Nano S hardware wallet. What is the roadmap? The GIEGLE version is on the website. I transferred some GIEGLE from one wallet to another and it never arrived. Can you help me? We don t maintain, or have any control over, the wallets where you choose to store your GIEGLE, so we can t help you directly. However, we suggest that you contact the wallet provider for both the source and destination and ask for their help. In particular, if you have a transaction-identifier (txhash) we suggest you include that in your query. 13

14 Appendix Will be available when applicable. Terms & Conditions Finally a decentralized platform for the leisure market that enables companies and consumers to find eachother using smart marketingtools The GIEGLE token does not have the legal qualification of a security, since it does not give any rights to dividends or interests because it is a utility token. The sale of GIEGLE Utility tokens is final and non-refundable. GIEGLE tokens are not shares and do not give any rights excluding what indicated in the Token section of this Whitepaper. GIEGLE tokens cannot have a performance or a particular value outside the GIEGLE.COM Platform. GIEGLE tokens shall therefore not be used or purchased for speculative or investment purposes. The purchaser of GIEGLE tokens is aware that national securities laws, which ensure that investors are sold investments that include all the proper disclosures and are subject to regulatory scrutiny for the investors protection, are not applicable. Anyone purchasing GIEGLE tokens expressly acknowledges and represents that she/he has carefully reviewed this Whitepaper and fully understands the risks, costs and benefits associated with the purchase of GIEGLE. Legal Disclaimer This Whitepaper does not constitute a prospectus or offer document of any sort, and is not intended to constitute an offer of securities or a solicitation for investments in securities in any jurisdiction. The contents of this Whitepaper are not a financial promotion. Therefore, none of the contents of this Whitepaper serves as an invitation or inducement to engage in any sort of investment activity. This whitepaper constitutes a technical description of the functionality of the GIEGLE.COM Smart Contracts and the creation and issuance of GIEGLE Utility Tokens. No regulatory authority has examined or approved any of the information set out in this Whitepaper. The publication, distribution or dissemination of this Whitepaper does not imply that the applicable laws, regulatory requirements, or rules have been complied. Contributors are advised to read this document carefully in full, and perform due diligence. Dutch law is applicable. GIEGLE is about to change the global leisure market dramatically