TABLE OF CONTENTS INTRODUCTION... 1 SUMMARY... 2 SDX TOKENS... 6 SDX FEATURES... 7

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1 TABLE OF CONTENTS INTRODUCTION... 1 SUMMARY... 2 SDX TOKENS... 6 SDX FEATURES... 7 Loyalty program... 7 Airdrop program Referral bonus program LENDING What is lending? Offer details TOKEN SALES AFTERWORD... 16

2 Introduction Due to the rapid growth of cryptocurrency markets, each country is quickly establishing regulations and related laws. The legal treatment of cryptocurrency highly varies from country to country and is subject to constant and sudden change. We believe that, in the future, the varied regulations enforced by each country on exchanges dealing with fiat currency may hinder the market s growth. Being bound by these restrictions also makes it difficult for other exchanges to offer satisfactory services to their users, and thus many of them have been forced to move or close down. For this reason, from the initial service planning stages, we have been focusing on creating a platform that users can use freely, without feeling bound by these restrictions. Our exchange platform is divided into two types: one that deals with trades between fiat currency and cryptocurrency, and one that deals exclusively with cryptocurrency. We strongly believe that, in the near future, the growth in number of cryptocurrency transactions will be many times higher than that of fiat currency. Cryptocurrency will play an increasingly important role in markets all around the world. In such an environment, our goal is to create an industry leading exchange platform. 1

3 By minimizing the role of each country s regulations and restrictions, we want to offer a safe, steady, and highly reliable exchange that places emphasis on the users freedoms and civil liberties. Summary SolideX, our new digital asset exchange platform, is designed with a focus on security, efficiency, speed, and scalability. Among these, we give special attention to security, building our platform bearing high security standards, performing comprehensive inspections and penetration tests to guarantee it. We have been striving, first and foremost, to ensure the highest level of security on a global scale. Our powerful core team, who have studied state of the art financial system design solutions, is creating a system which guarantees world class secure, stable, and highly reliable exchange services to our users. Cryptocurrency is a groundbreaking technology that is becoming increasingly popular but has yet to become fully commonplace among the general public. Users do not receive satisfying support on existing exchange platforms, and handling wallets and trading interfaces is not a simple matter. Moreover, there are still many issues, such as the risks of cyber-attacks or embezzlement. 2

4 At SolideX, we focus on finding solutions to these issues to build the world s most user friendly digital asset exchange platform. With its easy to use interface, it allows for effortless transactions even when using a smartphone. The flexibility this gives, will allow you to never miss out on a deal again. Of course, safety is our utmost priority, and we make sure our users assets are well protected by using cold wallets with a multisig system. We plan to release an application that can be used as a cold wallet, on the third quarter of We always strive to improve the quality of our services with our thorough support management. We imagine a future in which centralized and decentralized digital asset exchanges coexist and complement each other. At SolideX, we are developing a DEX at the same time and creating a trustless trade environment. SDX tokens can also be used for Gas to perform smart contracts, which will contribute to the token s liquidity. Moreover, SolideX offers bounties to the public for possible reports on system vulnerabilities in order to strengthen its security. Thanks to this public involvement, SolideX keeps evolving with the help of talented individuals all over the world into a strong and secure exchange platform. 3

5 Regarding the currencies we handle, we expect to have 30 types listed by the fourth quarter of 2019, and over 200 by the third quarter of Cryptocurrency or not, handling a great number of currencies is an advantage in and of itself increasing the opportunities to trade and allowing for better risk diversification, which is the main benefit for our users. At the same time, it also has a great advantage of contributing to the increase of SolideX s proceeds. Furthermore, it is said that there are thousands of different cryptocurrencies around the world, each of them with its own characteristics, and there must be many more amazing technologies and currencies we have yet to discover. Undoubtedly, among these, there must be the currencies that will lead the business world in the future. We are paying close attention to world economy trends to predict which industries will grow from now on, while planning to establish a voting system to allow users to choose which currencies will be next listed on SolideX. In the cryptocurrency world, BTC has become the key currency, and thus SolideX uses BTC denomination. Using BTC as a key currency makes other cryptocurrency exchanges simpler, and also allows for faster stocking of currencies with high prospects. 4

6 These promising trading environments are bound by the regulations established by each country and, as a result, cannot provide satisfactory services to their users. This is the current condition of most exchange platforms, where some have managed to take countermeasures to offer better services. However, new regulations have potentials to induce adverse effects on their operations, hindering their ability to continue to provide adequate services. For this reason, at SolideX, from the initial service planning stages, we have been focusing on creating a platform that users can use freely, without feeling bound by these restrictions. By minimizing the role of each country s regulations and restrictions, we want to build a safe, steady, and highly reliable exchange platform that places emphasis on the users freedoms and liberties. Regarding transaction fees, similarly to other industries, we expect price competition with rival companies to intensify from now on. However, we do not believe that low prices necessarily equal user satisfaction. Cryptocurrency markets are still in its developing stage. In order to come through, differentiation by means of innovation is essential. To prevail as a global currency exchange platform, we increase our competitiveness by offering a large portion of our transaction 5

7 commissions and referral bonuses to token holders. Awarding incentives preserves the enthusiasm of proactive users and increases the number of transactions by affiliates. Through these programs, we will strive to achieve our goal of becoming the top digital asset exchange platform together with our users. For starters, our goal for FY 2020 is to have 100,000,000 users throughout the world. SDX Tokens SDX tokens are tokens issued by SolideX. They can be used to pay for transaction fees at the SolideX exchange with a 50% discount of 0.05% instead of the standard 0.1%. The total number of SDX tokens issued has been set to 200,000,000 SDX. The number will not be increased. Each quarter, 20% of transaction commissions will be used to buy back SDX tokens from the market in order to burn them. This practice will continue until reaching half of the total number issued, 100,000,000 SDX. Moreover, the 20% (40,000,000 SDX tokens) distributed to the development team has a lock up period with a release rate of 10,000,000 SDX tokens per year, thus releasing them fully in four years. The high scarcity of the token will allow for its value to rise in parallel with SolideX demand. 6

8 In the future we plan to implement these tokens for Gas on DEX and on voting systems for listed currencies. SDX Features Loyalty program You will be rewarded with dividends of up to 100% of the SolideX exchange transaction fees depending on the number of SDX tokens you keep in your SDX wallet. In the first phase, in order to give liquidity to SDX tokens, 7

9 our ultimate goal is for SDX token holders to possess a greater number of tokens. Thus, each month we will distribute SDX token dividends corresponding to 100% of the month s SolideX exchange transaction fees, according to the number of SDX tokens in the user s possession. The amount of SDX tokens distributed will depend on the market s conversion rate to SDX at that time. The amount of SDX tokens reserved for the token holder reward program is 40,000,000 SDX, 20% of the total amount issued (200,000,000 SDX). Once the 40,000,000 SDX have been distributed, we will switch over to the next phase. In the next phase, each month, the users will receive 50% of the month s transaction fees in BTC, according to the amount of tokens they possess. We expect that, by the fourth quarter of 2019, we will have 30 currencies listed on our exchange, and over 200 by the third quarter of Their estimated daily trading volume is US$100,000,000 for the fourth quarter of 2019, and 8

10 US$1,000,000,000 for the third quarter of These are simple hypotheses based on other exchanges. Our prospect is to switch over to the second phase and distribute BTC corresponding to 50% of transaction fees on the 4th quarter of Below is the distribution formula according to the amount of tokens held: [Transaction fees generated on the exchange during a month (SDX conversion)] [100%] [SDX amount held SDX total amount (excluding the tokens in its lock up period, held by the development team)] The applicable amount is the number of SDX tokens in your SDX wallet at the end of the month at 9:00 a.m. (UTC). 9

11 Airdrop program We will airdrop you currency newly listed on the SolideX exchange depending on the number of SDX tokens you keep in your SDX wallet. Airdrops are not carried out on a regular schedule, and the calculation method for the amount is the same as that of the loyalty program. The applicable amount is the number of SDX tokens in your SDX wallet at the end of the month previous to the airdrop at 9:00 a.m. (UTC). Referral bonus program When referring friends to our platform, each time a friend completes a transaction, the referrer will receive a bonus consisting of 30% of the transaction fees. The referral bonus program privileges are permanent allowing for bonuses from the entire lifetime of the referred user. The capital used for referral bonuses comes from the transaction fees imposed on users trading on 10

12 SolideX, a reliable source which guarantees referral bonuses will be received. During the first phase of the loyalty program, SDX tokens equivalent to 100% of the transaction fees will be distributed, so 30% of the actual transaction fees are kept as referral bonus and guaranteed to be paid to the users. In the beginning, the payment of dividends will be in BTC only, but we are planning on expanding it to SDX tokens. Lending Nowadays, many enterprises from various sectors are putting effort into getting involved in the cryptocurrency and blockchain business. Particularly, they are often seen joining digital asset exchanges. Some exchange issued original tokens have an astounding expected value compared to other types of cryptocurrency. For clear examples, take a look at Binance or Huobi. 11

13 At SolideX, by minimizing the role of each country s regulations and restrictions, we want to offer a safe platform that places emphasis on the users freedoms and liberties. SolideX s original token, SDX, will be used for the exchange s operations. After its launch, and accompanying the platform s growth, we expect its value to multiply by compared to the value upon listing. As an enterprise, we are pursuing more than profit. We have been considering methods to return the highest possible amount of revenue to the users who have been with us from the initial stages, and the answer we have come up with is starting a lending service. By using the lending service, users lend SDX tokens they own (other types of cryptocurrency will be sequentially added in the future) to SolideX, and then receive up to 24% APR once the loan period expires. Since 2017, many hedge funds dealing mainly with cryptocurrency have been created. Currently, the number has already exceeded 100 funds. 12

14 Moreover, the total investment in these cryptocurrency funds is estimated to have reached the amount of US$2,000,000,000. This is proof that cryptocurrency investments are gaining substantial popularity. By capitalizing on the industry s expertise so far, SolideX has established a network with first rate hedge funds in order to skillfully diversify investments. Thanks to this, we can provide a maximum of 24% APR, both to long term holders and users who are considering participation with smaller sums. It also has the advantages of providing a value increase and being a low risk investment. What is lending? Lending is a service where users can lend cryptocurrency they own to SolideX and receive interest of up to 24% APR in cryptocurrency one year later. Once the one-year loan period expires, the service will return the cryptocurrency lent by the user during the recruitment month, with the given interest amount added. 13

15 Offer details Lendable currency SDX (Will be sequentially expanded to include BTC, etc.) Lendable amount Minimum 1 SDX Service usage fees None Early cancellation 5% cancellation fee (if the contract is cancelled early, you will not receive interest) Loan period 60 days, 120 days, 180 days, 1 year Depends on loan period: days 8% APR Interest rate days 15% APR days 18% APR 4. 1 year 24% APR Offer period November 1, 2018 November 30, ,000,000 SDX (offer will end when the limit is reached) Offer limit 1. 5,000,000 SDX 2. 8,000,000 SDX 3. 10,000,000 SDX 4. 17,000,000 SDX 14

16 Token Sales 15

17 Afterword The strengthening of regulations all over the world is due to the widespread fraudulent activities involving cryptocurrency, and the fact that exchange platforms security measures are often not up to par. At SolideX, we will keep on giving the utmost importance to security as we develop the SolideX platform according to the current needs and circumstances of the cryptocurrency market and each country s administration. Furthermore, our company has enlisted the help of world renowned engineers and specialists as exclusive in-house personnel for the long-term development of our services. Moreover, in order to detect our platform s possible weaknesses and build a strong security system suitable for an exchange, volunteers scattered all over the world provide us with the necessary resources to help make our defenses constantly evolve. Bounties help with user engagement and allow for strong appeal. In the future, we plan on adding support for DEX, credit transactions, or SDX token external wallets. Our aim is to create the world s most user-friendly exchange platform. By minimizing the role of each country s regulations and restrictions, we want to keep offering a safe, steady, and highly reliable exchange platform that places emphasis on the users freedoms and liberties. 16