Genuine Fashion Token

Transcription

1 WHITEPAPER Disrupting the global forged High-End industry by buying direct from the source and selling to the end costumer PREPARED FOR Public Release PREPARED BY Your Own Coin, Valkenswaard, the Netherlands

2 Table of Contents Abstract Problem Overview The Challenge: The Goal The Solution How it works For the consumer For the manufacturer For the wholesaler For the retailer Technology s Token overview Dividend and voting tokens Currencies offered as dividend payment Decentralization of ownership Transparency Token ICO Issuance General overview Allocation of Tokens Allocation breakdown Hard and Soft Capitalization Crowdsale bonus structure Insurance GFT Platform Risk Factors

3 Platform Overview Escrow System Dispute Resolution User Feedback Community Engagement Security Simplified Fee Structure Roadmap Value Proposition Value Overview Sector Analysis Revenue Projections About the Team and the Company Core Development Team (Frank will add this) FAQ Terms & Conditions Legal Disclaimer Appendix

4 Abstract (GFT) is a decentralized platform developed to an e-commerce eventually, which prevents forged fashion items being spread and sold in the online world. GFT provides a service where product codes are being encrypted and put in a decentralized database. GFT is building a decentralized app (DApp) that allows manufacturers to upload their new seasons or special items encrypted by blockchain technology. With the help of state of the art scanning devices GFT knows exactly what the product is made from what humans cannot see. Diamonds, watches, jewelry and even clothing. The end costumer can buy high-end items directly from the manufacturer by the use of our decentralized application. Once approved by our algorithm through scanning devices, a digital identity is created with the use of block chain that can not be changed by anyone and is therefore forged proof. Once a digital identity is owned, nobody can alter it except the owner that has bought in our e-commerce. and another benefit of this digital identity is that your item can be secured by a insurance and GFT will have a partnership with a insurance company by Blockchain technology provides a unique code/digital identity for the uploaded highend items or seasons and cannot be changed by anyone. If the consumer wants to sell, trade or just hold on to his items the consumer can always prove that the items are genuine. But when the product is sold it must be send to the pop-up store first and get scanned another time to insure 100% or the retailer must have a audit by GFT. When somebody wants to buy such item the consumer can always check our platform if this item is genuine and authentic. Also the end costumer can follow the product life and distribution where it s made to what the end value is for this particular item, for instance with diamonds, jewelry etc. After this first milestone we will expand to High-end manufacturers and retailers and will build our own e-commerce platform for genuine products. When we have manufacturers and retailers as our partners we can follow the product distribution. Also GFT gets exclusive product codes, sizing and dimensions which are helpful with authenticating items. When this platform evolves GFT also converts to pop-up stores around the world, so consumers can authenticate instore and buy authentic items instore. After the Dapp is made the first milestone is reached, we will have enough weight in the industry to then expand to high-end manufacturers and retailers. They will provide exclusive product codes which are helpful with authenticating items, further embedding GFT as the standard for proving the provenance of Valuable article in than industry. Further expansion includes building our own e-commerce platform for genuine products. After sufficient traction, we envision this platform evolving to include physical locations in popular fashion cities around the world so end costumers can be with the authentication in-store. 4

5 Genuine Fashion tokens will be sold to demonstrate demand from both individual (owner) and enterprise (issuer), for the restoration of trust in the Valuable article industry that will take place as a result of the move to a fast, robust blockchain network designed for security and privacy. The ICO will launch tokens that will include a number of enhancements for the GFT platform that will have three principal objectives: 1) The platform will integrate tokens and migrate to the blockchain, for increased scalability, heightened security, and more versatile operations including the use of insurance with tokens. 2) The blockchain will manage tokenised transactions that will incentivise institutional and consumer access and use of the platform; 3) The tokens will help to drive an eco-system and e-commerce wide movement to incorporate the platform. Consumers will use tokens to pay for clothing item authentication & transactions and earn discount when subscribing to the platform for online authentication or physical authentication service by experts. Registration for consumers is inexpensive, access for companies and consumers is easy, and the authenticity of Valuable article is assured. The value of GFT tokens can be expected to rise as the numbers of users grows and reaches a tipping point to become the standard for Valuable article credential authentication. 5

6 Problem Overview The Challenge: The market for counterfeit goods and pirated property represents an estimated 5% to 7% of global trade, or $563 billion dollars annually. The High-end forged fashion industry and streetwear has a part of 19.5%. Multinational rights holders collectively lose approximately 10% of their top line revenue to counterfeiters each year, and the number of affected brands is growing. The days during which sales of counterfeit fashion and luxury goods were largely confined to physical market districts - such as New York City s Canal Street, Beijing s Silk Alley Market and Buenos Aires s La Salada - are long gone. Online retail sales generally have grown at an annual rate of 20% or more and, according to the Office of the US Trade Representative, the volume of pirated and counterfeit hard goods sold online will soon surpass that of goods sold by street vendors and in other physical markets. As beneficial as the Internet has been for industry sales, it has been a greater boon for counterfeiters. Are the items authentic? Secure system that has proof of authentication? Is the possessor the owner? Tagged photo not edited by possessor? Know your customer, is it registered currency? Where is the item from? When was the item released(date, time) aims to resolve the deleterious side effects of buying/selling online. One of the problems with most e-commerce apps today is that they are controlled either by the owner of the application or the government where the company does business. This results in personal information easily being leaked/hacked. The other problem is counterfeiting. Globalization has created an arms race between manufacturers, who use increasing sophisticated anti-counterfeiting techniques and counterfeiters, who are constantly working to hack those countermeasures. The net effect is an increase in costs to the manufacturer, and thus the consumer as the cost gets passed on to them. While the precise size of the problem is difficult to assess, The Economic Impacts of Counterfeiting and Piracy report prepared for the International Trademark Association and the International chamber of Commerce BASCAP projects the total international trade of counterfeit and pirated goods will be $922 billion by

7 The cost to brands to audit their supply chain and introduce solutions to ensure products sold in retail stores are genuine can be exorbitant. This presents a significant opportunity for someone to provide a solution to the market. The $110 billion dollar industry from trading counterfeit fashion is just at the early stages of developing to a much bigger concern. The global trade of counterfeited goods and pirated property is now $563 billion annually, and will increase 60% in 4 years according to Trademark Association and the International chamber of Commerce. The forged Fashion Industry has a 19.5% cut of this worldwide problem and with high-end brands being more popularized to the mainstream public you assume it will follow the path. Creating the Solution The Goal To make the high-end luxury industry free from counterfeit goods using blockchain technology. The Solution brings end costumers, manufacturers, and retailers together in a single decentralized network, using blockchain technology, to disrupt the counterfeit fashion industry by creating an immutable record that details and assures the provenance of valuable articles with our state of the art scanning systems. GFT will also develop an E-commerce around this authentication system. This provides a solution to the untrustworthy online world without third parties intervening. How it works For the users Users can upload their purchases by following a standard protocol. Once approved by our algorithm and our state-of-the-art scanning and analizing systems, a certificate is created in our block chain that cannot be changed by anyone and is therefore forged proof. Once a certificate is owned, one can choose to place this item in our e-commerce free of charge. An additional advantage is that everyone can also upload other valuable items such as jewelry, art for example insurance so we can target a wide range of clients. 7

8 For the manufacturer Our high-end scanning and analyzing systems is able to check your original product like no one can. Having an unchangeable register with your items in it will protect your brand value. Consumers will develop more trust if your brand is secured by our authenticity checks in the block chain. Reselling with the decentralized e-commerce application keeps the brand hype in place. Working together from scratch when you have a new product is the best way forward for your brand and consumers. For the wholesaler Often the wholesale trade is the weak link in the supply chain, where goods are stolen and replicated. By joining the GFT ecosystem, the wholesaler can prove to shopkeepers and manufacturers that they are reliable partners. It is also interesting for wholesalers to use our e-commerce solution. For the retailer The retailer has the confidence to sell goods that they know are genuine. This confidence makes the sale more likely. Retailers often do not have the right connections in the fashion industry, while real items are more difficult to obtain. More retailers, manufacturers and wholesalers in the network provide better connections for each party in a peer-to-peer platform. Technology software of the decentralized platform will be developed after a successful ICO. The trademarks are decentralized, blockchain-like and social contracts process for storing/selling and instantly verifying valuable items and streetwear by nodes and experts. The process includes verifying that the items that were uploaded are authentic and using two-factor authentication confirmation. The owner of the items owns the authentication. Security is assured by nodes and experts of the blockchain-like decentralization network. 8

9 A blockchain is a type of distributed ledger or decentralized database that keeps continuously updated digital records of who owns what. Rather than having a central administrator like a traditional database, (think banks, governments & accountants), a distributed ledger has a network of replicated databases, synchronized via the internet and visible to anyone within the network(community GFT). blockchain networks can be private with restricted membership similar to intranet(private network within a company) or public, like the internet, accessible to any person in the world. 9

10 s Token overview Dividend and voting tokens After building the decentralized application and e-commerce we will target fashion and enthusiast as well as the high-end market for jewelry and watches. We aim 0,5 After building the platform we target fashion enthusiast which exceeds more than 10 million people. We aim at 1% of this target audience with a minimum of 10 items per consumer per year at $1,50 per authentication net. With the volume we are expecting, this should result in $ , - per year turnover. An additional advantage is that everyone can also upload other valuable items such as jewelry, art for example insurance so we can target a wide range of clients. Working with manufacturers from scratch will have different price scale on request. Currencies offered as dividend payment Payment currencies ETH, BTC, USDT, BCH, XRP, USD, EUR, GBP, AUD, NZD, CAD & more Decentralization of ownership Tokens owners are valuable members of the 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 will provide an open and transparent exchange to its 10

11 Token holders. The blockchain itself will provide an unforgeable record of all dividend playouts to Token holders. 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 its veracity. Furthermore, GFT, will give holders rights in order to be an active part of key platform decisions, much like in a Decentralized Autonomous Organization (DAO). Token holders have the following rights: Right to vote on platform key decisions Right to have a discount on platform fee when start a Crowdsale Right to rate crowd sales started on Possibility to promote crowd sale on social and media channels We may always add rights for token holders, in that case we will communicate them on our official channels. 11

12 Token ICO Issuance General overview Token code: GFT Price per GFT: ETH ( 1 ETH = 6000 GFT ) GFT maximum total supply: 1,500,000,000 (Available through pre-ico/presale/ico 765,000,000) Token freeze: partial Minimum purchase of GFT is 150 tokens is equivalent of 10 uploads or $ 1,50 per upload. Token burn: All unsold tokens during crowdsale will be burned Payment currencies: ETH, BTC, USDT, BCH, XRP, USD, EUR, GBP, AUD, NZD, CAD & more Soft Cap: no softcap Absolute Hard Cap: 76,500,000 USD Bonus structure: Community based Transparency: Open source (public Github) Time table Crowdsale Private sale ends on November 29th 2018 (100% bonus) Round 1: November 30th 2018 and ends December 31st 2018 (50% bonus) Round 2: Januari 1st 2019 and ends February 28th 2019 (25% bonus) Round 3: March 1st and ends June 24th 2019 (0% bonus) 12

13 51%: maximum allocation to investors through entire crowdsale with 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 Allocation of Tokens after ICO 10% 50% 40% Public Crowd size Community Venture Fund Development Team Bounty Program Security Bonus 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), Australian Dollar (AUD), Canadian Dollar (CAD) & New Zealand Dollar (NZD). 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 corresponding bank. Additional crowdsale tokens may also be available if development time allows. Initial pricing for the Tokens is currently set at ETH per GFT (1 ETH = DPT). 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. 13

14 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 $ 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 destroyed. 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 holders of Tokens. Crowdsale bonus structure 1. All users will have a unique referral link to share on social media s. 2. When any user will click on shared link, it will be redirect to our ico website for join. 3. After register (the user who click on link), when user purchase any amount of token from website. 4. The user who shared link, will get some percent of bounty reward (Tokens whose amount will be decided from admin side) in its wallet. Example - John share its GFT referral link on Facebook, now Mark click that link and register to GFT website. Mark invest some Ether let say 0.5 Ether on GFT website for purchase token, in 0.5 Ether Mark will get 3000 GFT token (1 Ether = 6000 GFT). 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 GFT (that Mark Purchase) is 450 so we will reward John with 450 GFT token. Insurance Genuine fashion token platform provides an insurance program that compensates the buyer of a GFT verified item with its current value in the event that it is discovered that the item is not authentic. So whenever there is an unauthentic item on the platform and it s sold on the E-commerce they get the current value of the item in GFT tokens. While KYC and Nodes and Experts insure that the platform is 99.9% secure of forged products the insurance will provide confidence in the platform to the buyers. Anyone caught selling unauthentic items will be banned from the community and have legal action initiated against them. There will be a claim vetting system in place to protect against fraudulent use of the insurance. The same process for an authentication will happen when a forged item is unfortunately sold on the E-commerce Dapp nodes and experts will check if this is the case and from there GFT team will provide the same worth in Tokens and the duped person needs to destroy this product in other to minimalize the forged items in the fashion industry. For companies, consumers, wholesales, sellers and retailers who have their items uploaded on the platform with all necessities. High-end and streetwear items are mostly very rare and have a high value, blockchain insures that data can t be changed by third parties this creates a solution for insurance companies that always have difficulties with appraising what the value is of particular items. 14

15 GFT 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 Genuine Fashion 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. Genuine Fashion Token cannot serve as any form of warranty, including any expressed or implied warranty that the 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 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: 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 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. 15

16 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 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). 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. does not guarantee any specific value of the token over any specific period of time. 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, does not guarantee any responsibility on a crowdsale started by a third party. has no control over the actions of the projects teams. will provide its tools to any project, however, 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. Ethereum volatility: services are priced in Ethereum. The Ethereum exchange rate volatility may impact the company s ability to provide services at the indicated prices.gft is a utility token meant for use in the GFT 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. GFT is a utility token meant for use in the GFT platform. It is transferable. While we are aware that the token is currently being traded on the exchanges listed, 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. 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 team and therefore difficult or impossible to accurately predict. Although the Genuine Fashion Token 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 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, nor any other entity that the objectives and plans of the project will be successfully achieved. Please note that the project may be subject to other risks not foreseen by its team at this time. 16

17 Platform Overview brings consumers, companies, deliverers, and investors together in a single decentralized network, using blockchain technology, to disrupt the forged fashion industry market by creating an authentication platform eventually infused with a decentralized E-commerce application. This industry is expected to grow to 179 billion dollars by While brands have net revenue loss of 10%. Approximately because of counterfeit items being sold and spread online. GFT aims to have the already existing community of hypebeast and crypto-enthusiasts using the authentication system. Escrow System Bounty Program 2.5% Advisors 2.5% 51% ICO Team Pool 15% DPT Platform 29% 51%: maximum allocation to investors through the entire crowdsale. These tokens are transferable (not redeemed) after the crowdsale, which ends on December 24th While we are aware that the token is currently being traded on the exchanges listed here and elsewhere, we do not encourage or facilitate exchange trading in anyway. Token holders who do so, do so at their own risk and discretion. 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) 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 to available exchange but not redeemed. 2.5%: allocated to advisors these token can be transferred after the crowdsale to available exchange but not redeemed. 17

18 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 Dispute shall be resolved in accordance with the dispute resolution process referred to in the Supplemental Documentation Addendum User Feedback GFT aims to be a responsive and inclusive platform for all participants of the fashion industry it servese. To this end, constructive user feedback is always welcome. Any suggestions, comments, or feedback can be submitted via through feedback@ genuinefashiontoken.com. Any bug fixes should be submitted through the bug reporting feature of the platform. Community Engagement The success of GFT is dependent upon the acceptance and support of the Hypebeast community. 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. Users are encouraged to follow us on Twitter, Facebook, and Instagram. Security As we are using state-of-the-art servers with dedicated managed by a professional company to ensure maximum security and uptime of our servers. The highest possible uptime and 24/7 support with guarantees on resolution times. If GFT 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 18

19 Simplified Fee Structure 1. All users will have a unique referral link to share on social media s.2. When any user will click on shared link, it will be redirect to our ico website for join. 3. After register (the user who click on link), when user purchase any amount of token from website. 4. The user who shared link, will get some percent of bounty reward (Tokens whose amount will be decided from admin side) in its wallet. Example - John share its GFT referral link on Facebook, now Mark click that link and register to GFT website. Mark invest some Ether let say 0.5 Ether on GFT website for purchase token, in 0.5 Ether Mark will get 3000 GFT token (1 Ether = 6000 GFT). 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 GFT (that Mark Purchase) is 450 so we will reward John with 450 GFT token. 19

20 Roadmap (see website) 20

21 Value Proposition brings consumers, manufacturers, retailers and together in a single decentralized network, using blockchain technology, eventually evolving the forged fashion industry and transforming the fashion industry into a trustworthy online place. The counterfeit fashion industry is expected to grow to $179 billion by 2020.The biggest problem today is that consumers want a good price for quality but often they don t have the knowledge to know of an item is authentic or not and if the price is reasonable. When they bought an un-authentic item online they are unhappy and don t know what to do to get their money back. For the services GFT provides they don t have to worry about getting into this trouble. GFT solves this issue by paying the authentication experts. Also with manufacturers, retailers by our side the security of the brands will be protected and the consumer who want to sell and buy. Authentications can be bought online via platform by consumers and businesses, GFT app will be given to consumers who have an authentic item in the platform. We believe decentralized collecting, offering more services and delivering of items has the future therefore our platform starts online. Whether you are a seller, buyer, retailer or manufacturer GFT platform suggested for all. Let s make the high-end fashion industry free of forged products! 21

22 Value Overview After building the platform we target fashion enthusiast which exceeds more than 10 million people. We aim at 1% of this target audience with a minimum of 10 items per consumer per year at $1,50 per authentication net. With the volume we are expecting, this should result in $ , - per year turnover. An additional advantage is that everyone can also upload other valuable items such as jewelry, art for example insurance so we can target a wide range of clients. Sector Analysis The forged fashion industry will be $179 billion industry by 2020 and will grow each year. Manufacturers lose 10% of their annual net revenue. GFT s creates blacklists and other pro-cautions to evolve this in a smaller number. And with GFT s (DApp) E-commerce we want to be in the top 5 of most used by the target group. With manufacturers, authentications services and retailers we ll have peer-to-peer contact and our platform will be of great value in the community. We want to be pro-active and ahead of the curve. Our goal is to have a 10% decrease of forged products being spread and sold around the world. Revenue Projections When reaching 1% of the high-end fashion market the platform will earn $ ,- per year. 22

23 About the Team and the Company Your Own Coin is located in the Netherlands in Valkenswaard and build a professional team for GFT network using best in class for each type of work needed. See our latest teammemberships on our website The launching partner for GFT is Fair Diamond Mining. And Infograins will build our Dapp and E-commerce this company has 70 block chain and IT developers as employees. FAQ What does GFT stand for and what is it?. It is a utility token based on Ethereum technology that can also be used as a unit of account between drivers, customers, partners, and users in a new, blockchain-based delivery and services platform. The token is not a digital currency, security or a commodity. Are GFTs transferable? Where are GFTs traded? GFT is a utility token meant for use in the GFT 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 GFTs represent? The utility tokens are intended for use on the GFT platform, a new Blockchain-based delivery and services platform. Ownership of the tokens carry no rights other than the right to use them as a means to obtain services on the GFT 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 GFT platform, 23

24 Where will GFT be used? We are building the GFT platform with a GFT 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 GFT, 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? GFT 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 GFT 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 GFT which will be used to incentivize users to join the GFT platform. Finally, using GFT on Ethereum allows for faster scalability than using Bitcoin. How do I view GFT tokens in my wallet? You can view GFT token balance in your non-hosted Ethereum wallet that supports ERC20 tokens by watching the GFT contract. GFT Smart Contract address: Github Number of Digits: 18 Symbol: GFT Which wallets can be used to store GFT? GFT 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 GFT using a Ledger Nano S hardware wallet. What is the roadmap? I transferred some GFT 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 GFT, 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. 24

25 Terms & Conditions The GFT token does not have the legal qualification of a security, since it does not give any rights to dividends or interests. The sale of GFT tokens is final and nonrefundable. GFT tokens are not shares and do not give any rights excluding what indicated in the Token section of this Whitepaper. GFT tokens cannot have a performance or a particular value outside the Platform. GFT tokens shall therefore not be used or purchased for speculative or investment purposes. The purchaser of GFT 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 GFT 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 GFT. 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 Smart Contracts and the creation and issuance of GFT 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. Appendix Info: Info: Industry-insight/Anti-counterfeiting-in-the-fashion-and-luxury-sectors-trends-andstrategies 25