The first symbiotic cryptocurrency

Transcription

1 The first symbiotic cryptocurrency Combining technology and profitability in a symbiotic and sustainable way

2 Page 2 of 21 BLUE WHITE PAPER TABLE OF CONTENTS TABLE OF CONTENTS... 2 PROBLEM STATEMENT... 4 INTRODUCTION... 4 WHAT IS A CRYPTOCURRENCY? STRENGH THE BLOCKCHAIN TECHNOLOGY THE BITCOIN ECOSYSTEM DECENTRALIZED EXCHANGES... 7 A NEW WAVE OF CRYPTOCURRENCIES WHAT IS STELLAR? BLUE DECENTRALIZED EXCHANGE CRYPTO MARKETS VOLATIVITY & UNCERTAINTY THE BLUE ECOSYSTEM THE FUNDAMENTALS OF BLUE USER CONTROLLED FUNDS LINKING INDUSTRIES....12

3 Page 3 of 21 CROWDFUNDING A NEW ECONOMY OUR VISION WHY BLUE? GOVERNANCE STRUCTURE BLUE-STELLAR Ltd GLOBAL LANDSCAPE THE BLUE FOUNDATION BLUEHIVE THE OPEN SOURCE COMMUNITY ROAD MAP PRE-ICO AND ICO SALES CONCLUSION REFERENCES... 21

4 Page 4 of 21 PROBLEM STATEMENT The urgent need to improve financial systems can t be over-emphasized. In the context of global climate change, we cannot continue to rely on the type of economic growth that generate waste and carbon dioxide the way we do. We need to rethink our whole economical and industrial processes. A new type of currency is needed for these types of global shifts, and we think that is where cryptocurrencies come in. Spreading BLUE, a new type of cryptocurrency, is our way of trying to promote a more frugal and symbiotic ecosystem globally. This needs to be safe and easily understandable while backed by a decentralized infrastructure. INTRODUCTION The emergence of the blockchain technology and of cryptocurrencies, primarily Bitcoin, generated a profound technological revolution in the global financial landscape. But, as with traditional finance, the lasting impact of these innovations will largely depend on the ethical framework they go along with. Blue-Stellar and its token BLUE are linked to a global development goal : linking together these new technologies toward a responsible, sustainable, symbiotic and cyclical economic ecosystem, known as the "Blue economy" as first introduce by European entrepreneur Gunter Pauli. BLUE as a token, has been developed on Stellar, and it is the first symbiotic cryptocurrency, combining technology and profitability in a sustainable way, and aiming at bridging the gap between the traditional and the digital economies. WHAT IS A CRYPTOCURRENCY? A cryptocurrency is a digital currency which works autonomously, without the need of any central bank, mint, government or association. There are many key advantages to this. One important feature is that th ecurrency can't be controlled by individuals that you don't trust; for instance, with Fiat currencies like the Pound, the Dollar or the Euro, a central administration can change how much

5 Page 5 of 21 the currency is worth either specifically, or by techniques like quantitative easing which, long term, lessens the value of the currency. Moreover, our financial markets are prone to instability. The subprime crisis, which erupted in the summer of 2007, reached an unprecedented scale in the fall of 2008 after the collapse of US bank Lehman Brothers. A real hurricane disrupted the international financial markets and forced a lot of economies into recession, leading to the worst economic and financial crisis since More recently, during the Cypriot Crisis of July 2013, the government sized 47.5% of deposits greater than euros, from the country two mains banks, Bank of Cyprus and Cyprus Popular Bank (Laïki Bank), to avoid let them go bankrupt. That type of sequences show everyone that there is no real freedom when it comes to the banking system: anytime, they can come size your assets. This is linked to a key feature of cryptocurrencies; transactions needn't bother with a "middle man", you possess your own virtual wallet and go about as your own bank diminishing controls, fees, and killing the likelihood of an authority choosing not to give you access to your own money. At last, cryptocurrencies are not influenced by geographical limitations: the cost is the same in each and every nation, putting everybody on even ground. The first and most celebrated cryptocurrencies were Bitcoin, Litecoin, Ethereum, and Lumens from Stellar. An answer to the global issue of money came from the Blockchain technology. But Blockchain which appeared, under these conditions, to give a possible recourse to the old system of controlling money, is not limited to that. It is a revolutionary technological breakthrough. STRENGH THE BLOCKCHAIN TECHNOLOGY Blockchain has four key characteristics: Access to Everyone: There are approximately 2.2 billion people with access to the Internet or mobile phones who don't as of now approach conventional exchange systems. These people are will access any technology proposed through blockchain without any need of additional infrastructure investment. Kenya's M-PESA system, a mobile phonebased money transfer and micros financing administration as of late

6 Page 6 of 21 declared a Bitcoin device, with one of every three Kenyans now owning a Bitcoin wallet. Immediate Settlement: Purchasing genuine property normally includes various outsiders (Lawyers, Notary), postponements, and payment of fees. From multiple points of view, the bitcoin / cryptocurrency / blockchain resembles a "substantial property rights database," (Gallippi). Lower Fees: There aren't normally transaction fees for cryptocurrency exchanges in light of the fact that the mineworkers are remunerated by the network (Side note: This is the situation for the present). Despite the fact that there's cryptocurrency transaction fee, many expect that most clients will draw in an outsider administration, making and keeping up their own Bitcoin wallets. Prevention of Identity Theft: When you give your credit card to a vendor, you give him or her access to your full credit line, regardless of the possibility that the transaction is for a little sum. Credit cards work on a "force" premise, where the store starts the payment and pulls the assigned sum from your record. Cryptocurrency utilize a "push" component that enables the cryptocurrency holder to send precisely what he or she needs to the vendor or beneficiary with no additional data. THE BITCOIN ECOSYSTEM The creation of Bitcoin has sparked a lot of debate about its validity as a form of currency, but it hasn't stopped its popularity. After the rise of Bitcoin a few years back, a number of other cryptocurrencies (or Altcoins) popped up, each promising to have better or more features than their predecessor. A portion of those Altcoins ends up as tradable assets on specialized decentralized exchanges. Their activity is now booming. Keeping track of all the new coins can prove to be difficult. Additionally, according to Blockchain.info (as of August 2017), there were on average 15 million wallet users. Considering that the world population of humans has exceeded over 7 billion people, there is still work to do when it comes to spreading information about cryptocurrencies and facilitating information sharing processes.

7 Page 7 of 21 Some individuals have recently benefitted from the cryptocurrency boom. This is the early bird boost but we are still very early in the game. Millions of people are now following the development of blockchain. Bitcoin has emerged out of infancy, it is now more steady, accessible and accepted. As its ecosystem is growing more robust and legitimate, the shift toward blockchain is digging into mainstream and challenging business as usual for a number of sectors. DECENTRALIZED EXCHANGES By 26 January 2018, 1494 different digital currencies were recorded on Coinmarketcap.com and the total market capitalization exceeded $560 billion, which is 250 times larger than 5 years ago. Since 2017, growth rates of market capitalization and volume traded for the top 20 cryptocurrencies has been above 500%. The secondary market has witnessed the growth in value of digital currencies. There are around 98 digital currency exchanges and tens of millions of active investors worldwide. Currently, East Asia, North America, and Europe are the biggest markets. The percentage of trading volume for the three markets is about 63%, 25%, and 11% respectively. The price of coins differs among these markets. In East Asia, Bitcoin and Ethereum are often sold at a premium of 3-5%. Ethereum in South Korea has been trading nearly 10% above the global average. By contrast, the price of Bitcoin and Ethereum in Europe and North America stays lower than the global average. A NEW WAVE OF CRYPTOCURRENCIES Since 2009, when Bitcoin was launched, there has been numerous other cryptocurrencies on the market and that boom goes parallel to rise in value and transaction volumes. This will likely continue to rise. Toward end 2018, we may witness a continued increase in interest for blockchain and brand new technology offer centered on using blockchain (not just Bitcoin) to make business facster or easier.

8 Page 8 of 21 Even though Bitcoin is the Big brother of cryptocurrencies and accounts for just under 34% of overall market capitalization today, the altcoin boom is predicted to reinforce the trend toward more blockchain. Recently, the crypto space has been seeing an unprecedented run across almost all coins with the Bitcoin price climbing up to an all-time high of over $ While the Bitcoin price increase alone is very impressive, many other altcoins such as Ether, XRP etc. have shown even more impressive growth in price and trading volume. This run has taken the cryptocurrency market cap to an all-time high of more than $560 billion dollars according to the Coinmarketcap.com, with many Altcoins gaining in market value and acceptance alongside Bitcoin. On June 19 th, 2017, the International Monetary Fund issued a staff discussion note stating that banks should consider investing in cryptocurrencies, saying: Rapid advances in digital technology are transforming the financial services landscape, creating opportunities and challenges for consumers, service providers and regulators alike. At its root, blockchain technology shows we don t need a centralized authority for many key components of our global economy, starting with money, with decentralization comes and brand new world: implications are huge. Blue is one of those brand new technological proposals. The token is originally designed on Stellar. WHAT IS STELLAR? Stellar is an open source, decentralized figuring platform, with smart contracts. Many trust that it will supplant the current complexity oriented cryptocurrency platforms. It is now home to popular decentralized ICO initiatives. The cryptocurrency "Lumens" (XLM) introduced by Stellar, is utilized both for payments on the network, and as a "coins" of significant worth, like Bitcoin, however with a few noteworthy specifics it's substantially quicker and transaction fees are essentially much lower. Stellar brings also a decentralized exchange which is embedded into its ecosystems and give you the possibility to build your own decentralized exchange.

9 Page 9 of 21 BLUE DECENTRALIZED EXCHANGE Blue will create a decentralized exchange. Its purpose is using these new digital financial currencies responsibly and mobilize their full potential toward the global goal of creating a Blue Economy (an open knowledge sharing ecosystem with no emission & no waste). In other words, Blue will funnel resources into a Sustainable Ecosystem. Moreover, Blue investment ecosystem will create a feedback loop, to close the gap between the crypto economy and the traditional economy. CRYPTO MARKETS VOLATIVITY & UNCERTAINTY Crypto markets are volatile, making the task hard. Shilling and other forms of disinformation (like spreading FUD fear, uncertainty, disorder), or even just false promises from coin developers quite often stop users on their quest for alternatives to traditional currencies. We believe that through learned practice, repetition, reliable and trusted investment and information sharing but also our own judgement, new cryptoenthusiast will be able to improve their understanding of the markets and enter those initiatives that are correctly structured and make sense. Around 3.5 billion people will have access to mobile devices in the next few years, those same crowds will not have access the most basics banking services. At the same time, the need for sustainable development is becoming obvious and the Blue economy looks like one of the optimal paths towards global sustainability in the context of global climate change and the necessity for frugal and efficient growth. New technologies like the Blockchain could provide secure ways to invest dynamically in sound and sustainable projects all around the world and help emerging economies become completely independent from traditional Banking systems, thus shifting radically the very notion of business as usual. In the middle of these various trends, Blue-Stellar Ltd is positioned to combined current technological and demographic trends to build and all inclusive global growth backed by its token Blue: we are helping build a better world!

10 Page 10 of 21 THE BLUE ECOSYSTEM THE FUNDAMENTALS OF BLUE BLUE adds to the varied types of altcoins available with the added function to be used in a practical and simple way to change the world. You can help the push for a more balanced and sensible economic development process by holding on to your shares in Blue companies or exchanging them to with anyone owning Blue token, anytime with no banks needed. BLUE provides the same level of technology and security as Bitcoin and Ethereum through the Stellar platform with the added advantage of speed and minimal cost of transactions. BLUE is around the decentralized nature of the Blockchain, coupled with its security and transparency, a global transition toward a better world : The Blue Economy. As the Blockchain-based ecosystem is growing stronger and gaining more legitimacy, cryptocurrencies rather than just validate monetary transactions are now allowing us to create a new kind of ecosystems.

11 Page 11 of 21 Blockchain decentralized and Anonymous Model The token is controlled by users.

12 Page 12 of 21 USER CONTROLLED FUNDS The future may not be based on the concentration of wealth, it may well be based on its decentralization. In this new paradigm, only you will know what you own and what you are worth. LINKING INDUSTRIES In the Blue Economy, one industry's waste is another industry's resource. Our research shows an amount in excess of 200 billion dollars is lost each year due to non-optimized production cycles. This figure is 10 times bigger if we consider solid and liquid waste as a loss due to underlying cost of waste induced negative effects. We believe that buying a share in companies involved in sorting out the equation will be of immense economic value down the line, it may actually prove more productive and profitable to do things responsibly. The drive is to bring sustainability and growth while sorting out the waste issue of our global economy. This is associated to a societal model for knowledge and resource sharing and symbiosis that go beyond current closed business models.

13 Page 13 of 21 BLUE is a proof of concept for a community token designed for global investments into sustainable development initiatives centred around developing a global symbiotic and knowledge sharing economy. CROWDFUNDING A NEW ECONOMY Crowdfunding will be key to spread financial resources from where they are to where they are truly needed to feed a globally balanced ecosystem. A crowdfunding system BlueHive will be at the center of the ecosystem. By buying or investing in BLUE, you are helping to provide resources to meaningful projects seeking to reach optimal development without waste or loss. Just by holding on to your shares of these companies or by exchanging BLUE, you are fostering the strength of this new ecosystem. You will be able to transfer BLUE to anyone, anytime and anywhere, with no banks needed : giving or receiving BLUE is possible anywhere in the world, in a matter of seconds. The token is controlled by the users, not by the exchange, allowing complete anonymity throughout transactions. Its ICO will be the first of its kind to offer a token linked to global development goals. OUR VISION We bring to you a new kind of token allowing you to : Bank on the most lucrative and visionary list of investment ideas, Invest in a optimized manner (modern investment is wasteful), Innovate through Biomimetics, that seeks to copy nature on its most impressive features instead of destroying it, foster continuous and combined production cycles that though more expensive initially sometimes, will produce less or no waste and yield greater economical and environmental efficiency in the long run, Promote knowledge sharing and open source collaboration, Foster symbiotic behaviours and business models.

14 Page 14 of 21 Giving or receiving this token means investing anywhere in the world in less than 3 seconds into innovative ideas that will helps us create a better world. It also means finding resources to develop your ideas any place in the world, if those ideas are deemed sustainable by a consensus of voting users. With BLUE, we can all make a difference, we can make the economy ethical, responsible, sustainable and at the same time profitable. The token Blue will soon be available worldwide. WHY BLUE? 8 years after the creation of Bitcoin, a revolutionary technological innovation, we have seen the rise of another industry. Ethereum has included a Turing-complete layer in with the general mish-mash, and expanded the skyline of what is conceivable for decentralized, autonomous and technological smart contracts. This has quickly encouraged the creation of new digital ecosystems that will bring an end to business as usual. And Stellar have brought about a new revolution, decreasing fees even lower, and making token creation more straightforward. It also added a key feature to its infrastructure through the innovation of the DEX 2 (Decentralized Exchange of Decentralized Exchanges). Stellar resolves some of the central issues that remained around the Blockchain: 1. Security: The system safely stores assets without trade off on ease of use. 2. Usability: It includes many ways to distribute assets, and offers a consistent, clean and simple development environment that can be incorporated crosswise over platforms. 3. Liquidity: It brings about a compelled embedded exchange that is actually a first of its class Exchange of exchanges. Through the ever changing energy driven modern world, we now need, facing the risk of climate change, to streamline our business models and shift toward less energy hungry and sustainable models; this is signalling the post-wall Street era and simultaneously, proposes a new range of efficient business models.

15 Page 15 of 21 BLUE aims at funding these new business models and position itself at the core of the crypto world as a new paradigm shift. Its original ecosystem seeks to take us away from the financial industry business as usual model. GOVERNANCE STRUCTURE The BLUE ecosystem will combine the Blue Decentralized Exchange with the expertise of the Blue Foundation, the R&D team within the company Blue-Stellar Ltd, and the Crowdfunding Platform BlueHive, each of which will be described below.

16 Page 16 of 21 BLUE-STELLAR Ltd GLOBAL LANDSCAPE Blue-Stellar Ltd is the company that is setting up this new altcoin, it comprises a varied bunch of specialist stemming from different business and cultural backgrounds. Business Ecosystem Its role is to promote global access to BLUE: Develop and maintain a secure and low cost global transaction network and protocol (the "BLUE Network" and the "BLUE Protocol") that are high quality, open-source, and publicly accessible to everyone. Develop and maintain publicly accessible tools and services to support the BLUE Network and its users. Set up and manage the Blue Decentralized Exchange. Provide guidance and direction for the BLUE Ecosystem.

17 Page 17 of 21 10% of the initially created BLUE will be allocated to Blue-Stellar Ltd to give it the resources needed to perform its main missions and attract and compensate top talents. We will periodically auction these tokens on various exchanges to raise resources for our operations. THE BLUE FOUNDATION In the model of the initially announced Tron Foundation that was not to be, Blue s team members are followers of Sir Tim Berners-Lee, and are convinced that a protocol, from the moment of its invention, is an asset for human beings, rather than a profit-making tool for a small interest group. Blue has established the Senegal-based Blue Foundation, a non-profit organization that mainly engages in the global goal of developing the Blue Economy. The Blue Foundation is set up in accordance with the Senegalese law and under supervision and regulation of the OHADA Courts of justice. It is run by the Board of Trustees or the Board of Governors formed by eligible trustees for independent management and operation, which is also independent from any government s administration. Senegal is renowned for its stable and well-established laws and peaceful political environment. As a non-profit entity established in Senegal, the Blue Foundation, subject to the laws of Senegal, is a legal entity having no commercial interest that supports and engages in activities for public or private benefits. The profits obtained by the Foundation are deemed surplus and will be retained for the organization and implementation of other activities and events. Members of the Foundation will never partake in any distribution of profits. The Foundation may receive charitable contributions from companies or individuals. Its main responsibilities consist in: Vetting investment projects on blue economy, Creating and supporting technical and non-technical partnerships and educational initiatives to boost understanding of the Blue Economy,

18 Page 18 of 21 Biomimetics, Symbiosis, knowledge sharing and developing those efforts internationally at the institutional and community level, Distributing a part of the native currency BLUE to non-profit projects which promotes the blue economy and the knowledge sharing, Selecting some of the projects included in the crowdfunding platform. BLUEHIVE Giving the Blue Foundation a wider reach, the BlueHive Platform will be the first Crowdfunding platform exclusively focused on the niche of Blue Economy projects looking for investment through Crowdfunding and maybe even Patronage. Its projects will be vetted by the Blue Foundation or by consensus voting, helping investors know their money is really used for sustainable goals in line with the development of a global "Blue Economy". BlueHive will allow the old economy's financial resources to be directed to sound local and global symbiotic projects.

19 Page 19 of 21 THE OPEN SOURCE COMMUNITY BLUE is an open-source, distributed digital asset built on the Stellar platform. It adopts the underlying openness and transparency of its parent network. It is designed to be open and accessible to everyone. ROAD MAP In order to successfully reach our goal, we have set a series of milestones that we will need to achieve: our Pre-ICO and our main ICO events. PRE-ICO AND ICO SALES There will be a BLUE token pre-sale arranged for a small group of partners. We are sufficiently funded for continuous development; however successful BLUE Presale would help us to enlarge the team of engineers and boost development speed of limited-functionality version of the API. With extra funding obtained from successful Pre-ICO, we would be able to kickstart the main ICO event by August 1 st 2018.

20 Page 20 of 21 By disclosing our amazing application as early as July, we are confident it will boost a positive outcome for the ICO. Besides that, additional funds would help us to run a solid, full-scale international marketing campaign. Pre-ICO participants will largely benefit from the early discovery of the Blue- Stellar project, which will provide the opportunity to purchase BLUE at a substantial discount. Pre-ICO will occur from June 1 st to July 31 th 2018 A special discount will be issued for the limited number of contributors who managed to discover us early. Only 95,000,000 BLUE will be issued. A special discount will be given to the limited number of contributors who have resorted to backing us early. Personal invitations will be sent to everyone who subscribed via our landing page at Blue-Stellar.org Pre-ICO shall be executed on first-come, first-served basis. We can t guarantee the availability of tokens for all interested participants. BLUE will appear in contributor s wallet several days after ICO is finished. Pre-ICO funds distribution: To 30 th June, 25% buy bonus To 31 th July,15% buy bonus and last day of pre-sale The ICO main sale event will commence on August 1 st 2018 and run through the month to end of September CONCLUSION Cryptocurrencies have far to go before they can supplant credit cards and customary currencies as a medium for global business. Many individuals are as yet unconscious of cryptocurrency otherwise known as Digital Currency. We are still early in the game but BLUE is the first project of its kind tackling on global development goal. It seek to follow in the footsteps of BTC, ETH & XLM.

21 Page 21 of 21 BLUE is a cryptocurrency aimed at reaching a global development goal while giving you the keys to absolute control over your assets, with fast and secure transactions from decentralized exchange, and significantly lower fees compared to other existing alternatives. It main characteristics is its goal: build a global biomimetic and cyclical economy. BLUE will serve as a precursor for many similar global initiatives. We hope to contribute in changing our global economic system. This movement is already on the rise. REFERENCES Cryptocurrency Boom Predicted By Bitcoin Market Data CEO Confirmed, Trend 'Set To Continue' Mark Rees: Violate the Core Principles of Bitcoin at Your Own Peril. Retrieved from BTInvest: Cryptocurrency: Funds of the future? Retrieved from