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NILECOIN WhitePaper December 08, 2017 OVERVIEW OF NILECOIN NILECOIN (NIL) is a digital currency developed in the form of open-source software (OSS). Nilecoin operates on a peer-to-peer network protocol on the Internet, under the management of no central bank. Nilecoin supply is automatic and limited, and it follows an algorithm-based schedule. 1
1. INTRODUCTION NILECOIN (NIL) is a digital currency and developed in the form of open-source software (OSS). Nilecoin operates on a peer-to-peer network protocol on the Internet, under the management of no central bank. Nilecoin is the world's leading software platform for digital assets. Offering the largest production Nilecoin platform in the world, we are using new technologies to build a radically better financial system. Our software has powered over 100 million transactions and enabled users in 140 countries across the globe to transact quickly without costly intermediaries. We also offer tools to developers and real time transaction data to users to analyze the burgeoning digital economy. Nilecoin supply is automatic and limited, and it follows an algorithm-based schedule. Bitcoin is provided to computers which mine the coins to pay for authenticating Bitcoin transaction and recording them in a distributed ledger on the peer-to-peer network. It is called Blockchain. Nilecoin is provided to mobile devices which exploit Nilecoin to verify transactions and record them in a distributed ledger on the peer-to-peer network. This is called Nilechain. Nilecoin technology is superior because the cost of exploiting Nilecoin is low. With Nilecoin, we can totally change the way to confirm transaction, even without super-configured computers. Furthermore, Nilecoin applies quantum technology to process transactions at a high speed. To see that, you can download Nilechain and try trading. It is different from blockchain. With blockchain, the more you pay, the faster your transaction speed is. If you pay less, your transaction is in the queue. It may take 1 or 2 minutes, or even days to complete your transaction. Nilechain takes only 0.0001 second to verify when you log in your wallet after entering your PIN, but such verification on Blockchain can take up to a minute. You can try using the 2 wallets at the same time to compare their speeds. Bitcoin is the pioneer cryptocurrency to change the way of billing, storage and to increase transparency in the field of finance. Nilecoin is created on that foundation to offer the best monetary tools to the financial industry. Currently, Nilecoin is being widely used in e-commerce. It has been used to integrate the payment system on many major e-commerce websites in Japan and Russia. It shows that Nilecoin is a turning point in the 4.0 industrial revolution 2
in general, and financial technology revolution in particular. We challenge the status quo, transcend today s boundaries of today and aim at an open financial future that supports the broadest global community possible. It should be acknowledged that Nilecoin has great potentialities, and this is just the start. We have been told that getting to where we are today would be impossible so we decided we were just getting started. Our customers should own their financial future so we empower them to "Be Your Own Bank". Our users come first. Our users' security and privacy are critical to our success and we will not forsake them in service of our ambition. We build connections with each other and our users by communicating frequently, authentically and openly and we build trust by doing what we say we will do. We are big on accountability and high standards, but not on unnecessary rules. 2. WHAT IS NILECOIN? The cryptocurrency market with blockchain technology is proving its potential and superiority. This is promising to be the trend of modern civilization. Understanding that trend, we have built and developed the project Nilecoin. Nilecoin is built in accordance with the standards for cryptocurrencies which have complex mining algorithms and operates on a blockchain platform to ensure maximum reliability and security for transactions. We look forward to a vibrant Nilecoin community in the future. Nilecoin will be used as a means of digital asset exchange through smart contracts, which reduces transaction fees, saves time and ensures reliability. Nilecoin system aims at a digital currency banking model where investors can deposit their Nilecoin and receive monthly commission. VALUE OF NILECOIN Nilecoin is an e- payment method. Just like cash, it is used for exchanging and creating accrued value. Nilecoin transaction fee does not depend on the transaction volume, making Nilecoin an attractive solution for those who want to earn a large amount of money. Nilepay cards, like Visa, Mastercard, can be used to pay for daily services and transactions. Nilepay is a large payment gateway, including a wide range of currencies. 3
NIL can be converted to popular currencies such as USD, CNY, EUR, JPY, GBP, etc. NILECOIN MARKET With advanced technology inherited from leading technology platforms, Nilecoin has been recognized as a turning point in the financial industry. With the technology Nilecoin is using, the creation of an integrated payment gateway for other currencies is very simple. The fact that Nilecoin can be combined with any other currency is offering customers a convenient payment method, contributing to its popularity on a global scale. NILECOIN MINING The number of minable Nilecoin will be around 5.1 million NIL. From 2019 to 2023, this number will decrease to 4.6 million NIL. Every year, Nilecoin is constantly created and the difficulty is refined based on the capabilities of the entire network by an automatic network. The number of minable Nilecoin will be approximately 5.1 million from 2017 to 2019, and 4.6 million from 2019 to 2023. This number will decrease gradually and in 2067, the mining of the last NIL will be completed. Afterwards, there will be no more NIL to mine. This limitation creates the scarcity and value of Nilecoin. That the new block contains hash of the old ones makes it extremely difficult to make change to Nilechain. If a hacker wants to change an approved block, he will have to change all the following blocks. This requires him to obtain more than 70% of the processing power of the entire Nilechain network. New blocks are constant, and the task of changing a block will get harder over time. Nilecoin Team is developing a coin-mining app on mobile devices. You can download the app from Appstore or Google Play to mine the coin. 4
3. LENDING MODEL IN COMBINATION WITH NETWORKING Lending remains a new concept to cryptocurrency market. It is a smart model which operates just like investors' activities of making deposit into bank accounts and receiving interest on a monthly basis. However, cryptocurrencies fluctuate significantly in value. With the introduction of networking model and affiliate marketing, the volume of transactions will rapidly increase, which makes the value of the currencies grow and increases the assets of investors by many times. This represents a beneficial activity to the company (provider) and its partners. Networking and affiliate marketing policies will go public on our website and other social media. This facilitates NIL community expansion all over the world. 4. WHY ARE WE LAUNCHING AN ICO? To popularize the use of Nilecoin as a payment method, we will need to develop the Nilecoin, Nilechain system. Moreover, we are also developing an ecosystem associated to this cryptocurrency, which is called ShareWallet. This is a project about sharing e- wallets. In order to realize all these goals, we are in need of a fair amount of fund for marketing, system maintenance and development. After thorough research and consideration, we have decided to raise fund via an ICO. The launch of this ICO also contributes to widespread the popularity of Nilecoin to the public. Below is the summary of the ShareWallet project using Nilecoin: Basic features of ShareWallet: It is connected to global Nilecoin community: Members can communicate with one another (similar to Telegram) You can find users of Nilecoin or other cryptocurrencies that are near you. It locates you and other people to facilitate your communication. It uses cryptocurrencies for payment on the app. It is the interactive space for Nilecoin community. 5
You will be surprised to know the volume of money transferred in the field of import, export, tourism among countries in a year. And ShareWallet can solve that puzzle too. For example, let's suppose you are travelling to China, and this country has not accepted Nilecoin as a payment method. Then, you can use ShareWallet to find the nearest member of the ShareWallet community, exchange Nilecoin with him/her for CNY to use in China. In the future, we aim at converting other cryptocurrencies to Nilecoin to use on ShareWallet system. ShareWallet is a strategic and intensive project in the ecosystem of NILE products that we have developed for a long time. However, due to the issue of security and privacy, we will public the information as we progress. The project will be officially launched in December, 2017. According to statistics, the amount of Nilecoin in the global market now is around 7.5 million. And we are going to launch the ICO to make Nilecoin known to more investors. In this ICO, 20,000,000 NIL will be offered for sale. In the ICO, Nilecoin price is expected to have increased to about $0.5 - $1 by Q1 and Q2, 2018. And that is definitely good news for those who are holding Nilecoin in their wallets. On December 25th, the ICO will officially start. We will establish global advertisement programs and temporarily stop the trading of Nilecoin on exchanges to facilitate the sale in the ICO. Our ICO will be published on multiple ICO websites in the days to come. 5. WHY DOES NILECOIN INCREASE IN VALUE? We have had Nilecoin listed on prestigious exchanges and built Nilecoin exchange system. There we offer channels for people who hold Nilecoin and who have demand for Nilecoin to directly exchange with one another, which creates the Supply - Demand relationship. NIL price will be determined by the market relationship between supply 6
and demand. The greater the demand is, the higher the price gets. In terms of supply, as you may know, the total supply of NIL is fixed and will not increase over time. NIL that remained unsold to the public at the end of the ICO will be destroyed. Therefore, it can be said that NIL supply is fixed. 6. NILECOIN ICO BACKGROUND INFORMATION AND PROCEDURE There will be a total of 20,000,000 NIL supplied for the ICO, of which: - 5,000,000 NIL for Pre-sale - 13,000,000 NIL for Crowd-sale - 2,000,000 NIL for Bounty programs. Pre-sale: Open for large investors - Start date: December 25th, 2017 - End date: December 26th, 2017 - Nilecoin amount: 5,000,000 NIL - Accepted currencies: ETH, BTC - Price: determined by market supply - demand - Minimum purchase amount: 10,000 NIL - Sale mechanism: Each sale session lasts for 4 hours, and there is a 4-hour interval between 2 sessions. Crowdsale: Open for everyone - Start date: December 27th, 2017 - End date: January 27th, 2018 - Nilecoin amount: 13,000,000 NIL - Accepted currencies: ETH, BTC - Price: determined by market supply - demand - Minimum purchase amount: 100 NIL - Sale mechanism: Each sale session lasts for 4 hours, and there is a 4-hour interval between 2 sessions. Note: An account can only buy a maximum of 300,000 NIL during the whole ICO. 7
Bounty programs: - 5% Bonus: For investors who have already had accounts on Nileoffice.com and have invested in any packages before the ICO. - 5% Affiliate reward: An investor will receive a reward of 5% of the amount that the person he/she sponsors purchases. Important notice: the affiliate reward is only applied after that investor purchases NIL in the ICO. In other words, if the person that he/she sponsors buys NIL in the ICO before him/her, that investor will not receive the affiliate reward. 7. FUND ALLOCATION - 45% of the fund raised in the ICO will go to the research and development of Nilecoin and Nilechain to optimize the quality of the payment system as well as make Nilecoin a widely used cryptocurrency. - 25% is used for marketing and incentives. - 10% is used for infrastructures like office expansion, high-qualified staff recruitment, partnership searching, etc. - 10% is used for holding incentive programs for the investors. 8
- 5% is for legal advisory services - 5% is for other issues 8. ROADMAP - 00:00:00 AM (UTC-07:00), December 25th, 2017: Start of Nilecoin Pre-sale - 11:59:00 PM (UTC-07:00), December 26th, 2017: End of Nilecoin Pre-sale - 00:00:00 AM (UTC-07:00), December 27th, 2017: Start of Nilecoin Crowdsale - 11:59:00 PM (UTC-07:00), January 27th, 2018: End of Nilecoin Crowdsale - Q1/2018: Completing mining system on mobile devices and listing Nilecoin on exchanges. - Q2/2018: Seeking for partners who accept Nilecoin as a payment method. - Q3/2018: Building decentralized apps which can be integrated with Nilecoin wallet. - Q4/2018: Summarizing achievements in 2018 and publishing plans for the following years. 9
9. LENDING 9.1. Lending program prior to the ICO Package NIL amount Daily Interest NIL received in NIL received in rate (%) 1 day 180 days N1 1,000 N2 5,000 0.15 7.5 1350 N3 10,000 0.2 20 3,600 N4 50,000 0.3 150 27,000 N5 100,000 0.4 400 72,000 N6 200,000 0.5 1,000 180,000 N7 500,000 0.5 2,500 450,000 From the moment you become active on the network, after 5 business days, you will start to receive daily interest in wallet I. 1. The initial investment amount (Column 2) will be held in wallet I. After 180 mining days, the coin will be valued at the price of the real transaction moment. You can make a request to withdraw a maximum of 5% of principal per day and receive NIL in wallet I. 2. You can upgrade your investment package whenever you want, and you are eligible for the full system commission. 10
3. In case you (investors) grant Nilecoin.org with the power of mining, you will be rewarded 100% of the amount of NIL in wallet I and receive a mining interest of 0.2%/day. 4. After each mining cycle which is equivalent to 180 days (from the second mining cycle, you can withdraw to receive 5%/day or grant Nilecoin with the mining power to receive mining interest of 0.2%/day (you are eligible for 100% reward only once). 5. You can withdraw your principal at any time if you no longer want to invest in mining coin: Saying, after 1 month, you want to withdraw your principal, you are subject to a 30% fee. The fee is 20% after 2 months, 10% after 4 months, 5% after 6 months and 0% after 12 months. Direct commission: 10% Pay leg commission: 8% Maximum pay leg commission: Package N1 N2 N3 N4 N5 N6 N7 Maximum income 5,000 10,000 50,000 100,000 500,000 1,000,000 2,500,000 Manager commission Status Conditions Benefit Manager The pay leg achieves at least 500,000 NIL/2 months 8% (F1), 7% (F2), 6% (F3) Senior Manager Having 3 F1 as Manager 10% (F1), 8% (F2), 6% (F3), 5% (F4) 11
Diamond Having 5 F1 as Senior Manager 12% (F1), 10% (F2), 8% (F3), 5% (F4), 4% (F5) Vip Diamond Having 5 F1 as Sapphire Manager 14% (F1), 12% (F2), 10% (F3), 5% (F4), 4% (F5), 3% (F6) International Diamond Having 5 F1 as Diamond Manager 15% (F1), 12% (F2), 10% (F3), 5% (F4), 4% (F5), 3% (F6), 2% (F7) + 1% of the international revenue. - Wallet N: Wallet N is the wallet to store Nilecoin purchased from the Nilecoin.com transaction system or to receive Nilecoin from any account in the system. Once you have NIL in wallet N, you can easily upgrade your account at Wallet I and the system to receive the benefits of mining NIL (In wallet I, the liquidation can be done via transferring NIL to other members in the system). - Wallet I: Wallet I shows the amount of NIL that you have mined, wallet I is responsible for storing your NIL in 180 days. The section Profits of Wallet I stores and shows the amount of NIL that you mine every day. - Wallet C: Wallet C is the wallet that stores all the commissions: Direct commission, Manager commission and other commissions (if any). Besides, the section Withdrawal shows the total amount of NIL that has been successfully transacted with Bitcoin. Note: On the 10th and 20th and the last day of each month, you will receive 80% of the total NIL amount in wallet I and wallet C. The remaining after transaction in the system will be automatically transferred to wallet N. For each transaction on Nilecoin.org to get Bitcoin, you are subject to a fee of 3% of the total transaction volume. 12
9.2. Lending program after the ICO From the start of Pre-sale, the Lending mechanism will change as follows: 1. The currency of package changes from NIL to USD at the current exchange rate of 1 NIL = 0.1 USD 2. To invest in a package in the Lending mechanism, you must buy NIL and deposit it to wallet N or directly deposit in the section "Invest Package". 3. Commissions, interests will be paid in USD to wallet I and wallet C. On the request of withdrawal, it will be converted to NIL. 4. E-wallets of the Nilechain.info system is used to store NIL and transact on exchanges or in personal transactions. 5. The mechanism and operations remain unchanged. 13
IMPORTANT NOTICES NO REPRESENTATIONS AND WARRANTIES Nilecoin and/or the Distributor does not make or purport to make, and hereby disclaims, any representation, warranty or undertaking in any form whatsoever to any entity or person, including any representation, warranty or undertaking in relation to the truth, accuracy and completeness of any of the information set out in this Whitepaper. CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS All statements contained in this Whitepaper, statements made in press releases or in any place accessible by the public and oral statements that may be made by Nilecoin and/or the Distributor or their respective directors, executive officers or employees acting on behalf of Nilecoin or the Distributor (as the case may be), that are not statements of historical fact, constitute forward-looking statements. Some of these statements can be identified by forward-looking terms such as aim, target, anticipate, believe, could, estimate, expect, if, intend, may, plan, possible, probable, project, should, would, will or other similar terms. However, these terms are not the exclusive means of identifying forward-looking statements. All statements regarding Nilecoin s and/or the Distributor s financial position, business strategies, plans and prospects and the future prospects of the industry which Nilecoin and/or the Distributor is in are forward-looking statements. These forward-looking statements, including but not limited to statements as to Nilecoin s and/or the Distributor s revenue and profitability, prospects, future plans, other expected industry trends and other matters discussed in this Whitepaper regarding Nilecoin and/or the Distributor are matters that are not historic facts, but only predictions. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual future results, performance or achievements of Nilecoin and/or the Distributor to be materially different from any future results, 14
performance or achievements expected, expressed or implied by such forward-looking statements. These factors include, amongst others: (a) changes in political, social, economic and stock or cryptocurrency market conditions, and the regulatory environment in the countries in which Nilecoin and/or the Distributor conducts its respective businesses and operations; (b) the risk that Nilecoin and/or the Distributor may be unable or execute or implement their respective business strategies and future plans; (c) changes in interest rates and exchange rates of fiat currencies and cryptocurrencies; (d) changes in the anticipated growth strategies and expected internal growth of Nilecoin and/or the Distributor; (e) changes in the availability and fees payable to Nilecoin and/or the Distributor in connection with their respective businesses and operations; (f) changes in the availability and salaries of employees who are required by Nilecoin and/or the Distributor to operate their respective businesses and operations; (g) changes in preferences of customers of Nilecoin and/or the Distributor; (h) changes in competitive conditions under which Nilecoin and/or the Distributor operate, and the ability of Nilecoin and/or the Distributor to compete under such conditions; (i) changes in the future capital needs of Nilecoin and/or the Distributor and the availability of financing and capital to fund such needs; (j) war or acts of international or domestic terrorism; (k) occurrences of catastrophic events, natural disasters that affect the businesses and/or operations of Nilecoin and/or the Distributor; (l) other factors beyond the control of Nilecoin and/or the Distributor; (m) any risk and uncertainties associated with Nilecoin and/or the Distributor and their businesses and operations. 15