Overview Now, I would like to talk to you about ORC Tokens. Simply put, with ORC Tokens, you can establish encrypted payment options for companies all over the world. This enables our company to combine block-chain technology and real businesses, and help 500 million OracleG companies worldwide to potentially benefit from encryption. ORC (OracleG Token) is a new encryption feature that offers the benefit of new passwords. The ORC offers advantages (anonymity, accessibility, payable anywhere) for potential clients (anonymity, limited issuance, open community management) The cryptocurrency and in terms of payment payments systems (accurate for calculation, business automatic switching, mobility), while avoiding the "negative" aspects of settlement systems (slow transaction speed, high mining fees, limited legality, lack of infrastructure calculations, storage complexity, etc). OracleG also extends the reach of ecosystems and infrastructures for settlementrelated businesses including prepaid cards, while providing encryption for more than 500 million businesses worldwide and increasing the scope of encryption at the same time. The OracleG paradigm is the product of business-to-business (B2B) and business-to-customer (B2C) relationships built in order to create new trends in a globalized economy. www.oracleg.io http://www.oracleg.io Page!1 of!19
OracleG The cryptocurrency payments for business Unlocking crypto payments for business http://www.oracleg.io Page!2 of!19
Contents 1. Introduction 2. Vision 3. Business and Market 1. Business 2. Encryption Market 4. Issues & Problems 1. Defining Problems 2. Solving Problems 5. Work Process 1. Users point of view 2. How does it work? 3. Principles of OracleG transaction calculations 6. Relevant Technology 1. OracleG Development Process 1_1. Execution of transactions 2_1. Smart contracts 3_1. Multi-thread block chain 4_1. OracleG Tokens 7. OracleG Token Information 1. Phase 1 token sales 2. Phase 2 token sales 3. Token sales period 8. Resume 9. The OracleG Team 10. Our Conclusions http://www.oracleg.io Page!3 of!19
1. Introduction Many businesses and customers around the world face a myriad of inconveniences and problems with transactions and the settlement of accounts, which stem from high transaction fees and regulations on down payment, reliability, and time requirements. With our billing system encryption, businesses and consumers can benefit in six different ways: 1. Round-the-clock transactions 2. Low transaction costs 3. Access to global markets 4. Great reliability 5. High transaction speed 6. Full control over funds 1. Round-the-clock transactions You can use encryption to keep your business running 24/7. You do not have to wait until the banks open, and all transactions can be approved by a single regulating authority. This is one of the most significant benefits exclusively available using encrypted transactions. 2. Low transaction costs So far, companies have incurred massive transaction costs whenever they interact or deal with one another. A company's funds go through several middlemen, banks, correspondents, senders, brokers, SWIFT systems before finally clearing the banking system. For these transfers, the loss of funds can reach up to 15%. http://www.oracleg.io Page!4 of!19
3. Access to global markets Regardless of the transaction type, transactions are subject to a number of classic limitations. To elaborate, transactions have to proceed through the closing of contracts, processing by the trading organization, and bank controls, all of which can take several days. That is why businesses and consumers should be inclined to choose the encryption market. In particular, telecommunication carriers can replace pre-paid cards issued across the globe with encrypted currency systems to facilitate efficient transactions. 4. Reliable calculations The calculation of nominal currencies is unreliable because they can affect the transactions of several regulators. Cryptocurrency transactions are fixed in the block chain and cannot be changed. This minimizes the impact of scammers. 5. High speed of transactions All Inter-code transactions take between 1 and 10 days, while transactions for potential clients may take only 10 minutes to an hour. In addition, more and more companies understand that encryption is the safest, fastest, and most reliable means of transaction. 10 months ago, the OracleG team began developing a platform for transaction payments and is ready to offer solutions for businesses that can meet growing demand. At the moment, we are developing businesses based on block chains and smart contracts. OracleG Tokens are the only currency available on the OracleG platform. They offer a variety of options that can affect exchange, commission and smart contracts in all transactions. http://www.oracleg.io Page!5 of!19
2. Vision OracleG's vision is to keep all moneys safe, make them instantly recoverable, and enable encrypted currency trading with OracleG Tokens anywhere around the world. OracleG s hope is to create electronic wallets that can replace prepaid cards and mobile data payments related to mobile businesses, and wallets that are compatible with card payment systems. By doing so, it will enable businesses and consumers to make POS payments with OracleG Tokens at any location across the globe. OracleG Token will ultimately become a specialized global cryptocurrency for businesses and consumers around the world paying for mobile, consumer goods, and online betting through OracleG. 3. Business and Market 1. Business 1_1 Mobile Data In a data-sharing economy, you can freely purchase, sell, and donate mobile data to all users. OracleG Exchange acts as a horizontal market for transactions involving mobile prepaid cards and data. OracleG Token will become the global currency for mobile data between telecommunication carriers and various user communities. 2_1 Mobile Prepaid Cards 80% of the world's population are using prepaid phones and, on average, people use 500MB of data per month. We have developed MelonPay to provide an economical prepaid card option for prepaid wireless subscribers. Subscribers can use MelonPay to purchase prepaid cards at an affordable price. Here, payments will be made using OracleG Tokens. http://www.oracleg.io Page!6 of!19
3_1 On/Off-line Stores Our goal is to make encrypted currency i.e. cryptocurrency transactions possible using OracleG applications. Furthermore, we are looking to create an electronic wallet that is compatible with the card transaction settlement systems so that OracleG Tokens can be used for POS payments and online transactions anywhere around the world. 2. Encryption Market With the growth of the e-commerce market, the encryption market is also booming. The development of the encryption market is unpredictable, but estimates clearly suggest that demand for encryption is rapidly rising. Despite the fact that the market value of each currency is volatile, there is the problem of using a large distribution network. But, on the other hand, there are several favorable factors for developing cryptocurrency today. For the first time ever, the encryption market has been infused with over USD 150 billion in market capitalization. For example, Bitcoin (BTC) has a market share of more than USD 78.6 billion, meanwhile other coins such as Ethereum have only recently started to hit the market. 3. Capitalization. Bitcoin itself is constantly hitting All Time High (ATH) levels in terms of price and market capitalization. Currently, there are 750 cryptocurrencies around the world. Each have different names, different protocols, and different implementation agreements. But there is one feature that unites them all under the name "Altcoin". All cryptocurrencies require peer-to-peer transaction. In other words, they are only available for dedicated payments. It is regarded as the main obstacle that inhibits the development of the cryptocurrency market. http://www.oracleg.io Page!7 of!19
4. Issues & Problems 1. Defining Problems There are several restrictions on the use of cryptocurrencies in everyday life and mobile environments. Without solutions to these problems, the cryptocurrencies market will not be able to grow, and eventually it may die out. Here are five major problems that can occur in major markets and some suggested solutions. 1_1. Mutual payments Payment processes employ a classic way of sending funds from wallet to wallet, therefore the automation of calculations is still a complex and costly process. This is due to the fact that there is no platform for automatic cost calculation and the immediate closing of contracts. 2_1. Corporate settlement Block chains and smart contracts offer solutions to ongoing business problems. In other words, they can evaluate investment in human resources and the company. But modern block chain technology is not suitable for businesses. It is slow and does not have the ability to extend fast solutions so that the technology can be applied to common tasks. 3_1. Online settlement Providing an online settlement system between consumers and businesses is a complex and costly process. Specifically, in order to implement an online settlement system, the company has to enter into a contract with an acquisition platform, obtain a security certificate, and integrate the payment module into the website. 4_1. Offline settlement Markets with an increasing number of POS terminals require payment terminals at each branch and retail store. This results in a loss of up to 9% of the transaction fee from business revenues. All additional costs associated with processing transactions are transferred to the final buyer, which results in higher commodity costs. http://www.oracleg.io Page!8 of!19
2. Solving Problems OracleG offers largescale solutions that enable users around the world to legally use virtual currency payments in their daily lives. We provide solutions that can replace pre-paid phone charging in the telecommunications field, helping consumers and businesses effectively manage security and costs. OracleG Tokens are creating new sectors in the economy. Consumers and businesses can use OracleG Tokens to access more goods and services. 5. Work Process At OracleG, we want to give OracleG users around the world the opportunity to purchase goods and services including everyday transactions, mobile data, prepaid cards, consumer goods, and online betting games instantly. To do so, we are developing a platform that can combine all business management and forecasting features. The diverse range of benefits and functions of the OracleG business system will benefit both small and large businesses. 1. Users point of view OracleG Tokens (ORCs) provide an environment for the payment of everyday transactions, mobile data, prepaid cards, consumer goods, and online betting games. At the same time, all payments will use OracleG Tokens instead of plastic cards and cash. 2. How does it work? The introduction of cryptocurrencies requires the development of a platform capable of accepting payments in the retail and corporate markets. Also, fundamental support that can help maintain confidentiality and a business system http://www.oracleg.io Page!9 of!19
for transactions be in place. That system is indeed OracleG. Furthermore, the system should include a mechanism for receiving funds and a mechanism for verifying transaction payments. However, virtual currency is a tool for PIN-to- PIN calculations, and this is the main barrier to the globalization of cryptocurrency transactions. The mobile market will be largely divided into mobile data and prepaid cards. Mobile data involves selling off some of the data that mobile users have, and prepaid cards involve consumers choosing the rates they want using MelonPay. 3. Principles of OracleG transaction calculations 1. Select OracleG settlement for OOO (products, mobile prepaid cards, data, etc.) 2. Open the OracleG application, then scan the QR code. Your payment will be credited to the supplier s account. (Suppliers can confirm payment and receive OracleG immediately.) 3. When the transaction is complete, the commodity is delivered from the supplier -> customer. 6. Relevant Technology In terms of potential, the market consists of billions of users, billions of products, and trillions of transactions. To be able to respond to such market conditions, we are developing OracleG as a system with an extremely high load capacity. http://www.oracleg.io Page!10 of!19
OracleG Development Process 1. Execution of transactions Synchronization of exchange information for existing and past transactions is implemented based on two independent layers and block chains. 1) A back-end system with all the programming interfaces necessary in retrieving information needed for the system's current transaction, status, etc. 2) Smart contract chains are based on smart contracts and have the ability to ensure transparency as well as reliability of transactions for all participants. 3) The smart function verifies the presence of events within the platform (product availability, customer payment capacity, and other parameters that can be pre-executed within the system). 2. Smart Contracts OracleG is developing technology to help implement smart contracts. Smart contracts allow consumers and businesses to implement complex interactions between users. As such, they need a tool that can simplify the process for end users in using the contracts. With this interface, consumers and businesses can finalize contracts in just a few clicks. In a few simple steps, they can set basic contract conditions with regards to the implementation of required inspections and sources. For example, smart contract templates will be developed for purchasing and selling transactions, and these contracts will consider relevant legal requirements and fully respect the consumer rights. The process of writing a smart contract involves completing a web form and verifying the terms and conditions of the second party involved in the contract. http://www.oracleg.io Page!11 of!19
3. Multi-thread blockchain OracleG believes that today s block chain technology is not suited for modern businesses. When developing multi-thread chain technology, we will provide groundbreaking levels of support to help implement block chain technology in the real economy. 4. OracleG Tokens Encrypted OracleG.COM is fixed to a cross-type block which features the software. Once the Tokens are sold, all participants will receive an epc240 Exchange OracleG Token from the Ethereum Network. When the major OracleG networks are launched, the ratio will be adjusted to 1:1 on a one-to-one basis. All transactions related to goods and services in the OracleG Network will be made with OracleG Tokens using prices denominated in OracleG Tokens. The amount of the purchased product will be paid for with OracleG Tokens using the block chain. 5. Key features of OracleG Tokens OracleG Tokens are an evolved, decentralized block-chain token network that executes smart contracts. OracleG addresses many of the problems with today s payment systems by providing additional benefits of the block chain foundation. It also provides an environment that can be used for the payment of everyday commodities as well as mobile data, prepaid cards, consumer goods, and online betting games. OracleG has the opportunity to become the first block-chained application in the world to be widely adopted without the public having to understand the underlying distribution technology. http://www.oracleg.io Page!12 of!19
- Purchasing/selling goods and services with a currency for online and offline purchases 1. Consumers and businesses can purchase and sell goods and services using their own OracleG Tokens. 2. At OracleG, we developed applications to make purchasing and selling goods and services easier and faster. - Can OracleG Tokens replace the prepaid phone charging service provided by telecommunication carriers? 1. Under existing prepaid phone charging methods, users had to visit their telecommunication service carrier or recharge their accounts by phone. However, in OracleG, users can select the amount they want through MelonPay and then settle their payments with OracleG Tokens. - How does mobile data sharing work? 1. Users can register the amount of data they wish to sell from their current reserves via MelonPay. 2. When the user who needs data proceeds to purchase the data, the seller will receive OracleG Tokens. 7. OracleG Token Information Participating in the sale of OracleG Tokens means that the participant understands that they are contributing to the development of OracleG SmartTickets, a smart contract system, described in this white paper. The first token sales event is to create one billion OracleG, which will be the total supply of OracelG. Supply will be limited to one billion, and no further OracleG will be issued. Throughout phase 1 of the Token sales event, 150 million Tokens will be offered to OracleG contributors. (15% of the total supply) http://www.oracleg.io Page!13 of!19
In phase 2, 200 million OracleG Tokens will be sold to exhaust all mobile prepaid cards and mobile data reserves worldwide. Thereafter, up to 400 million Tokens will be sold, depending on market conditions. When Token sales are complete, any remaining Tokens owned by the company shall be deposited into a sealed account for three years. OracleG is an Ethereum ERC20 Token that extensively applies the functional properties and execution standards of Ethereum block chains. Tokens in the Ethereum ecosystem represent replaceable commodities such as coins, securities, IOUs and SmartTickets. Because all Tokens apply standard features, OracleG will be compatible with any Ethereum wallet or other applications that use the same ERC20 standards. Phase 1 token sales Phase 1 will launch in early-december 2017, and will remain open until OracleG decides to end its Phase 1 proposal. Any remaining (unassigned) Tokens in Phase 1 will be forwarded for distribution in Phase 2. Phase 2 token sales Phase 2 will begin when Phase 1 ends or when OracleG decides to give late participants late an opportunity to acquire OracleG Tokens remaining from Phase 1 before the sales period ends. The specific timing depends on when OracleG Tokens are applied at actual businesses operating in markets around the world in order to replace prepaid cards and exhaust all data reserves worldwide. Token sales period Tokens will be available for sale in Phase 1 and Phase 2 across a maximum of two months. After that period, the Board of Directors shall decide whether to distribute the remaining OracleG in a Phase 3 Token sales event or lock the Tokens in a sealed account for future use. http://www.oracleg.io Page!14 of!19
OracleG distribution OracleG will be assigned to users participating in the Token sales as follows: Phase 1 token sales 150,000,000 Phase 2 token sales 200,000,000 Phase 3 token sales 400,000,000 (determined based on market response) Maximum Token sales 750,000,000 (75% of total OracleG supply) http://www.oracleg.io Page!15 of!19
8. Resume More than 500 million companies around the world are limited by technical constraints with regards to their rights to execute transactions in cryptocurrencies. The lack of technical solutions to address such issues means that the end users are not given the opportunity to select which currency they wish to choose when paying for various goods and services. The market depends on the involvement of multiple brokers in banks and trading centers. Eventually, the participation of these brokers leads to a decline in consumer capacity and a slowdown in economic growth.technical solutions fail to complement current legal frameworks and lack consumer protection do not give the digital economy a chance to develop at the forefront of block chains, ciphers, dapps, etc. Once the OracleG Token and platform is established, consumers and businesses can take advantage of all the benefits of cryptocurrencies in carrying out their businesses and transactions. With built-in Tokens and smart contracts, users can buy, sell, and exchange anywhere in the world with a single click, with no restrictions. In other words, OracleG will make the cryptocurrency market part of the real economy. With OracleG, businesses can quickly enter the marketplace and provide goods and services to customers around the world, thereby increasing their value. Furthermore, users will be able to reduce time spent on business operations, financial management, and shopping costs. This will create new standards for what is expected to be a multi-billion dollar market economy. OracleG will work with the general public to develop platforms and interact with diverse experts and market participants to introduce the cryptocurrency economy to the global economy. We will also invite all interested Fintech pioneers, block-chain developers, and prospects to participate in open discussions over creating our network. http://www.oracleg.io Page!16 of!19
9. The OracleG Team Kenneth Malloy Founder and CEO Dick Borden Web Developer Carson Bowser Web Developer http://www.oracleg.io Page!17 of!19
Ben Naylor Software Developer Karen Wilson Web Designer Kaylyn Holm Web Designer Chris Hong Project Manager http://www.oracleg.io Page!18 of!19
Technical Adviser Vitalik Buterin 10. Our Conclusions Our OracleG team believes that OracleG is essential to the current payment settlement market. Based on this belief, it will continue to nurture and develop this project, regardless of the contributions and interests from investors. At the same time, it will continue to pioneer the market where OracleG can be used for all transactions. We created OracleG based on the dream that potential consumers will finally emerge from behind the shadows and become the driving force of economic development. http://www.oracleg.io Page!19 of!19