erc20 token whitepaper - this could be your moment · worldwide do not have any access to banks or...

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ERC20 TOKEN WHITEPAPER

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Page 1: ERC20 TOKEN WHITEPAPER - This could be your moment · worldwide do not have any access to banks or financial services, such as credit, electronic transfers and cards for payment

E R C 2 0 T O K E N

WHITEPAPER

Page 2: ERC20 TOKEN WHITEPAPER - This could be your moment · worldwide do not have any access to banks or financial services, such as credit, electronic transfers and cards for payment

Introduction 3

Market 3

Target 4

Necessity and innovation 4

Economic aspects 5

Legal aspects and regulatory adequacy 5

Architecture Project 6

Technical aspects 6

Acquisition method 7

Distribution of Tokens 8

Projects under development 9

Roadmap 10

CEO project 11

Riskiness 11

General considerations 12

Reference links 12

Summary

Page 3: ERC20 TOKEN WHITEPAPER - This could be your moment · worldwide do not have any access to banks or financial services, such as credit, electronic transfers and cards for payment

IntroductionForyoucoin is an ERC20 token that aims to accelerate disruptive technology projects for startups who want to develop solutions related to technology. It can be traded with other cryptocoins on its own Thex Trade platform. The token is a fast, easy and smart way to invest.

Trading or investing in cryptocurrencies may bring potential risks. Cryptocoin prices are extremely volatile and can be affected by external factors such as financial events, regulatory or political events. The cryptocoins are not suitable for all investors. Before deciding to negotiate foreign currencies or any other financial instrument including cryptocurrencies, carefully consider your investment goals, level of experience, appetite risk, also read this whitepaper in its entirety and be aware of all issues addressed in this project.

MarketThe cryptocoin market has evolved considerably in recent years, becoming a global trend. Its decentralization and transparency characteristics were fundamental to its worldwide recognition. This movement is based on blockchain technology, which attracted glances in the financial and technology areas. Because of its immutability and reliability provides a sharing information for the falsification-proof, that attracted the investors' attention.

The interest of companies to invest in disruptive technologies, such as artificial intelligence, internet of things, cyber security, virtual reality and augmented reality further enhances this growth.

With the increase of the amount of data entered on the Internet daily, there is a rising concern in companies and startups regarding the security of users and the veracity of information. This creates an interest in developing projects by implementing blockchain as solution for the integrity of data.

Foryoucoin was developed to accelerate new business on a worldwide scale. Its project has an interest in the investment of businesses. Based on innovation that enables the development of real and proven solutions and through the use of technology, businesses will be accelerated in an annual and programmed manner.

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Page 4: ERC20 TOKEN WHITEPAPER - This could be your moment · worldwide do not have any access to banks or financial services, such as credit, electronic transfers and cards for payment

TargetThe token was developed for users who are adept at using cryptocoins and enthusiasts for new disruptive technologies such as artificial intelligence, , cyber security, virtual reality and augmented reality.

The token can be used as a way of payment inside this network of business partners, who will participate in the accelerations, serving as a source of collective financing for the selected projects and attached products.

Necessity and InnovationOur mission is to strengthen companies and startups, seeking solutions that contribute to the improvement of services provided.With the goal of expanding the startup market by stimulating and adding value to the innovation, new technologies can improve the use of internet by providing access to information globally.

Using the Foryoucoin token adds value and gives credibility to companies that will be incorporated into the project. The insertion of companies and startups in the process of acceleration will allow the increase of market demand. All will accept the token as payment for the purchase of their services thus producing volume and increasing the numbers of investors. With the use of blockchain technology, the project will allow the investment in several companies in the initial stage, regardless of locationand that need help leveraging and obtaining space in the market.

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Page 5: ERC20 TOKEN WHITEPAPER - This could be your moment · worldwide do not have any access to banks or financial services, such as credit, electronic transfers and cards for payment

Economic AspectsStartups provide solutions with lower cost, more agility and efficiency in the execution of the services. With that said and as stated in the survey of KPMG Pulse of Fintech, “ US$ 57.9 billion was invested in 875 deals in the first 6 months of 2018. In 2017 the investments totaled US$ 38.1 billion in 834 businesses.” This survey represents only one country of Latin America, however, worldwide the investments also increased, bringing synergy to the new businesses that were developed by the startups.

One of the social benefits and effects is the universal access to financial services. Currently the estimated number by the World Bank is that 2.5 billion people of adult age worldwide do not have any access to banks or financial services, such as credit, electronic transfers and cards for payment (debit and credit). Causes of financial exclusion include: inadequate documentation, expensive regulations and an inefficient banking infrastructure caused by high costs assisting microeconomics. In addition, the population without access to banks also cannot obtain bank loans, not because they are lousy payers, but because they cannot prove their reputations or assets.

Access to financial services is the first step for this part of population in order to have access to a myriad of products, services and have the opportunity to carry out transactions and finance small enterprises.

Legal Aspects and Regulatory Compliance

Malta is the first country in the world to provide regulations for the use of the blockchain, cryptocoins and DLT. These regulations were approved in July 2018 by unanimous vote. This regulation was not with intentions of financial gains, instead, it is to analyze them long term emphasizing the importance of blockchain technology and its evolution. This regulation is governed by three laws approved by the congress.

The first law, known as the Digital Innovation Authority of Malta Act (MDIA Act), establishes the Digital Innovation Authority of Malta and certifies the DLT platforms. This law will focus on internal governamental provisions and outline the duties and responsibilities of the Authority to certify DLT platforms to ensure credibility and provide legal safety to users who wish to use a DLT platform.

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Page 6: ERC20 TOKEN WHITEPAPER - This could be your moment · worldwide do not have any access to banks or financial services, such as credit, electronic transfers and cards for payment

The second law, known as the Innovative Technology Services and Arrangements Act (ITAS Act), deals with DLT arrangements and DLT certification of platforms. This project is mainly concerned with the creation of scholarships and other companies operating in the cryptocoin market.

And the third law is the Virtual Financial Assets Act (VFA Act), which establishes the regulatory organization that governs ICOs, exchanges of cryptocoins and wallet providers, etc.

Registration Info:Thex Trade Company Ltd.Registered Office: 89, St. John Street Valletta VLT 1165, MaltaRegistration Number: C 86567

Architecture Project

The base technology for the development of the token is blockchain. The distributed database system will be shared and decentralized, the transactions will occur in a peer-to-peer (P2P) way, in other words, point to point without intermediaries. Main characteristics of the network are: operation security, decentralization of information, data integrity and immunity of operations. All participants may or may not be anonymous, but are fully responsible for sharing authentic information. Network users in this case are referred to as "we" and have in their favor the protection of encryption.

The Foryoucoin token is registered in the Ethereum network, which has been active since 2014. It was developed by Vitalik Buterin as an open source project, where on average every 15 seconds a new block is generated, promoting agility, efficiency and transparency. Its main characteristics are the possibility of a decentralized application development such as smart contracts and applications that are distributed redundantly across on multiple nodes of the network and bringing resilience and access to information.

Technical AspectsThe decentralized digital certification model allows transparency in all transactions because they are stored and disclosed in a public accounting called blockchain. In them are archived all transactions that were processed since the beginning of the currency and allows the computers of all users to verify the validity of each transaction.

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Page 7: ERC20 TOKEN WHITEPAPER - This could be your moment · worldwide do not have any access to banks or financial services, such as credit, electronic transfers and cards for payment

ERC20 is a standard interface that ensures interoperability between tokens. ERC20 tokens are simply a subset of Ethereum tokens that fit certain parameters. To fully comply with ERC20 standards, the developer must incorporate a specific set of functions into the smart contract which, at a high level, will enable to perform the following actions: Obtain the total supply of tokens Get the balance of the account; Transfer the token; Approve the expenses of the token. It enables seamless interaction with other intelligent contracts and decentralized applications in the Ethereum blockchain of information.The P2P network is also a resiliency characteristic of the system, so the token holder can negotiate as he chooses without relying on exchanges, thus opening a path with no return, because there is no way to obstruct its operation from the moment that the real value of the token is given.

Acquisition MethodThe purchase of Foryoucoin tokens can be made on the Thex Trade platform, which is registered in Malta in accordance with the VFA Law which brings all the legal parameters imposed by the Government of Malta.

Name: Foryoucoin Symbol: FYC Offer: 5,000,000,000 Foryoucoin Decimal places: 8 Issue rate: Any new units will be created.

To acquire Foryoucoin tokens, the accepted cryptocoins are Bitcoin (BTC) and Ethereum (ETH) on this document with the current date:The Foryoucoin token is initially indexed for $ 0.10, so the following conversion value follows:

Bitcoin 1 BTC (US$ 6250) = 62500 Foryoucoin Ethereum 1 ETH (US$ 180) = 1800 Foryoucoin

The values may change according to the volatility of the markets.All transactions can be publicly monitored in the Ethereum blockchain from the following URL address:

https://etherscan.io/token/0xa60fe9c4fe222f20d66e6cfab2eafaee9fbe16da

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Page 8: ERC20 TOKEN WHITEPAPER - This could be your moment · worldwide do not have any access to banks or financial services, such as credit, electronic transfers and cards for payment

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Distribution of Tokens

The distribution of the money collected will take place as follows:

The tokens will be divided as follows:

The vesting period will be for one year to generate profits and growth of the market demandwith the new companies. In this initial period, only national companies and some of them, will

be within the scope of new startups to be accelerated. After this period, there will be openings for companies from many countries in the acceleration program.

Page 9: ERC20 TOKEN WHITEPAPER - This could be your moment · worldwide do not have any access to banks or financial services, such as credit, electronic transfers and cards for payment

Projects under development

Our commitment is to guarantee a volume of movementand negotiation of the tokens with its use in two products which are in the

development phase by our team:

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Payment application in physical

establishments extending currency

borders.

For online payments and

integration with sales platforms.

Page 10: ERC20 TOKEN WHITEPAPER - This could be your moment · worldwide do not have any access to banks or financial services, such as credit, electronic transfers and cards for payment

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DECEMBER 2017

The beginning of theForyoucoin project

MAY 2018

License acquisition for thecryptocoin exchange in Malta.

JULY 2018

The start of the partnership to leverageand launch the commercial platform: Thex Trade.Opening for commercialization (sale)of the tokens to the public.Creation of the token issuance Foryoucoin.Distribution of tokens.

DECEMBER 2018

The round of business opening forthe collection of high-impact technologyprojects for 12 months of incubation.Launch of the virtual wallet.

FEBRUARY 2019

The selected and approved companieswill begin with the incubation andacceleration in the development ofdisruptive technology.

MARCH 2018

Implementation of the first roundof business segments of the selected

projects and partnerships.

AUGUST 2018

Initiation of Marketing actionsin 25 countries (Europe, Asia,

North America and South America).

JANUARY 2019

Launch of the mobile wallet.The closing of the technology

selection projects for acceleration.Development of the gateway

payment based on Foryoucoin.

AUGUST 2019

The launch of certain technologyprojects that will receive

payments with Foryoucoin.

Roadmap

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CEO Project

Our team counts on experienced professionals with ample experience in the market of cryptocoins, led by Orlando Silva, founder of Thex Trade, and now CEO of Foryoucoin.

Orlando Henrique da Silva

Born in Portugal.

Was country manager of some international brands

in the United States and Japan.

In 2008 he created an innovative and disruptive Enneagram-based project with leadership programs and personal development.

Enneagram certified teacher in the United States of America.Was a professional and project manager of technology.

Coach trainer certified by the International School of Professional Coaching.

Xworld Founder and much more.

Riskiness

The custodial responsibility falls on the user.While your Foryoucoin balance is not withdrawn from the platform of Thex Trade this means that the possession of the keys continues with Thex Trade and you are in a creditor relationship.Do not keep balances in online platforms longer than necessary to do the conversions, running the least possible risk by removing the tokens for a wallet of your possession where only you have the private keys. With the use of Internet and the high volume of information, technology companies need to be concerned about the users safety and the secrecy of information. The cryptography of the public key, enables transactions to be public without revealing any sensitive information from the involved parts. Also, through the cryptography public key, you can verify the authenticity of transactions, even though you can not identify the identity behind of each part.

There is no guarantee of the market value of the Foryoucoin, because it is not possible to predict the future price. Therefore, its value is determined by the market through the laws of supply and demand.

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General considerationsThe Foryoucoin is the most efficient way to invest in new disruptive technologies in the global marketplace. A project that has professionals trained, engaged and committed partners to transform people's lives through the use of technology.The Foryoucoin is committed to leveraging the investment market for startups and becoming the first global token to invest 100% of crypto in new technologies. With the security for bringing this benefit regulated and approved by the laws of Malta, where Thex Trade is registered, this brings transparency and reliability to the project to users who wish to participate and get involved in the new disruptive projects.

Reference links:Ethereum: https://github.com/ethereum/wiki/wiki/White-PaperERC-20: https://github.com/ethereum/EIPs/blob/master/EIPS/eip-20.mdSmart Contracts: https://en.bitcoin.it/wiki/ContractMalta VFA: https://www.mfsa.com.mt/pages/viewcontent.aspx?id=674