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THORIUM WHITE PAPER

THE SOCIAL DECENTRALIZED

EXCHANGE

ANTHONY RHODES

March 20th, 2018

Disclaimer 5

Introduction 6Problems & Solutions 7

Thorium Exchange 9 High Performance Matching Engine 9

Features 9

Institutional Investors 9

Trading Market Paris 9

Coins & Voting System 10

Exchange Fees 10

Market Price & the “Float” 11

Portfolio 11

Device Coverage 11

Decentralization 11

Tax Documents 11

Multilingual Support 11

Security 12 Authentication 12

Active & Cold Storage 12

Advanced Multi-Signature Terminals 12

Withdrawal Additional Security 12

Secure Web Services 12

Company Policy 12

Security Audit 12

Thorium Social 13

Friends, Followers, Pages & Profiles 13

Messenger 14

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Forum, Groups & Polls 14

Events 14

News Channels 14

Thorium Token (THOR) 15 Industry Trends 15

Limited Risk with Maximum Potentials 16

Coin Holders 16

Thorium Tokens backed by Precious Metals 17

Bullion Reserves and Partnering Bullion Suppliers 17

Vault and Storage 17

Independent Auditor 17

Why Precious Metals? 17

Why Thorium Tokens vs. Other Bullion Backed Cryptocurrencies 19

Mining Operation 22 Resources 22

Location 22

Energy 22

Profit Distribution 22

Thorium Charity 22Profit Distribution 23Support 24

Cryptocurrency Market Analysis 25Cryptocurrency Trends 27

Revenue Model 29 Exchange Fee 29

Withdrawal Fee 29

Listing Fee 29

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Mining Operation 29

Advertisement 30

ICO Support 30

Other Fees 30

ICO & Airdrop 31 Token Distribution 31

Initial Coin Offering 31

ICO Preview 32

Funds Usage 32

Airdrop 32

Understanding The Risks 33

Marketing Strategy 35Road Map 36

Strategic Partnerships & Accounts 36Founders 37Development Team 37

Advisors 37Links 37

Future Developments 38Regulations and Regulatory Issues 38Limitation of Liability 39

Representations and Warranties 40Privacy Policy 40

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DISCLAIMERThe presentation of this white paper is solely for informational purposes, and not an offer to invest. Parties interested in investing in Thorium and the possible Airdrop and ICO should consider the various risks prior to making an investment decision in the possible Airdrop or ICO.This white paper does not contain any advice from the Company, the Directors, the Investment Manager or any other person affiliated with, or Agent of, Thorium, nor a recommendation to any receiver, by virtue of participation in the possible Airdrop or ICO. The Thorium white paper does not identify, or claim to identify, all the risk factors connected with Thorium.All potential participants must make their own independent evaluation of a possible investment, after making any and all evaluation and investigations as they consider essential, of the merits and risks of participating in the Airdrop or ICO. Potential participants should check with and rely upon their own investment advisors, accounting, legal and tax representatives, and consultants with regard to all matters concerning Thorium, and to assess separately the financial risks, consequences and appropriateness of an investment in Thorium, or if in any doubt about the facts of this presentation.Investment in Thorium holds considerable risk and might involve extraordinary risks that may perhaps lead to a loss of all or a significant portion of such investment. Unless the potential participants completely understand, are aware of, and accept the characteristics of Thorium and the possible risks inherent in Thorium, they should not invest in Thorium.Each one of the participants is completely responsible for ensuring that all characteristics of Thorium are satisfactory to them. There can be no guarantee that Thorium’s investment objectives will be achieved, and investment consequences may differ considerably over time.Investment in Thorium is not planned to be a total investment program for any investor.All the participants with awareness should determine whether an investment is suitable for their situation, circumstances, and financial resources.

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INTRODUCTIONThorium Token

In 2009, a small group of technologically advanced individuals created what we know today as the Blockchain, and through it a cryptocurrency called Bitcoin. Currently, Bitcoin is recognized as the leading cryptocurrency in the entire industry because all other currencies use a variation of Bitcoin’s cryptography protocol and blockchain technology advancements. Since its inception and release, many developers have been trying to improve on the original model by speeding up transaction times, diversifying the use of the Blockchain and increasing its abilities. Ethereum, which was developed and released in 2014, would be the most notable of these competing cryptocurrencies, all of which are traded 24 hours a day on cryptocurrency exchanges. But most, if not all, cryptocurrencies lack intrinsic value… using the Blockchain, Thorium Tokens are an insured, vault verified, bullion backed token and therefore have a floor price and intrinsic value.

Thorium Exchange There are fundamentally two different types of crypto exchanges: the ones that deal with fiat currency and the ones that deal purely in crypto. Thorium is the latter, we believe that pure crypto exchanges will be a lot more important in the near future. However, there is one more distinction to be made within purely crypto to crypto exchanges: centralized exchanges and decentralized exchanges. In centralized exchanges records are mutable and fraud is possible which makes auditing a challenging problem. Recently, decentralized exchanges have been on the rise. The security problems go away in decentralized exchanges however most of them are limited to trading only ERC-20 Tokens. For this reason most traders still prefer centralized exchanges but reliability is often the main issue with centralized exchanges: during heavy trading time, some exchanges become inaccessible for a period of time which leads to trading losses. Decentralized exchanges benefit from the ability to deploy a new node with a minimum amount of configuration. There is no central authority which means there is no central point of failure. A single node failure does not impact the accessibility of the network. We intend to introduce a solution that is both decentralized, with all the security benefits and still offers a wide selection of cryptocurrencies, our solution will address the much needed reliability issue with cryptocurrency exchanges.

Thorium Social Moreover, Thorium is building a social peer to peer platform: all exchanges lack a social aspect. We will give traders the ability to add their friends, chat, create pages, groups and polls and post on the Forum. Most traders use up to six applications to keep up to date with all their investments, our goal is to give them all the information they need in the same place, so that they are always one step ahead.

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Thorium The Decentralized Social Crypto Exchange

PROBLEMS & SOLUTIONS

Insecure & Poor Technical ArchitectureExchanges have to be engineered from the ground up with security, efficiency, speed and scalability in mind. Most Exchanges are build rapidly not taking into account many of those points by choosing the simplest approach to get the system running quicker.———Thorium is built to high standards and will be audited and penetration tested. We have experience building financial systems to the highest security standards and strive to ensure security first.

DecentralizationMost Exchanges go against the main idea behind cryptocurrencies, they are still centralized and in the worst cases, prone to exit scams.———Thorium is working on creating a decentralized platform; from the social aspect and messenger system to the exchange.

Lack of Social AspectEvery exchange lacks the ability to trade with friends and to keep up with trends from the same place. Traders need to use countless applications to be ahead of the curb.———Thorium will give users the ability to add friends, follow pages, create groups, group chats, private chats, Post on the Forum, create polls and events and will strive to create many more social aspects to its application.

Institutional Investors & Legal ComplianceInstitutional investors will bring validity and trust to the crypto space but exchanges lack the legal requirements of most countries for Financial Institutional to ever consider investing.———Soon after Thorium launches we will release an Institutional Investor platform option within Thorium with umbrella accounts, advanced trading tools and easy access to transaction history & legal documents. Thorium will always seek legal compliance in every jurisdiction its traders are from including United States, The European Union, Japan & South Korea.

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Poor LiquidityMost exchanges do not invest in a “float” to give liquidity to their exchanges instead they count on the users to exchange between themselves which can turn into a stagnant market.———In Thorium’s business strategy 25% of the profit is used to bring liquidity to all the cryptocurrencies we support. Our “Float” system gives traders the ability to buy and sell directly from us at the current market price.

Poor Customer Service & Not Enough LanguagesBlockchains have no borders. However, most exchanges focus only on one language and have non existent customer service or in the case of a certain “base coin” take over six months to reply to customers.———After Security, our second highest priority is customer service, with our very diverse team, we will be able to service an international user base and our support platform will make users feel like they are chatting with friends when seeking help.

Bullion StandardMost, if not all cryptocurrencies lack intrinsic value, which is a problem shared with fiat currencies.———When Thorium set out to create its social exchange and with it, its token, we wanted to reintroduce a bullion standard in this new form of currency and investment. Cryptocurrencies work as an investment similar to securities and as a currency with liquidity. Most cryptocurrencies have little to no true value besides the technology behind them. We are creating a hard asset based cryptocurrency. By reintroducing a bullion standard, token holders can trade down less than a dollar on each bullion backed token represented by Thorium.

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THORIUM EXCHANGE

High Performance Matching EngineThorium’s high performance matching engine will make it one of the fastest exchanges in the market today.

FeaturesDashboard: Monitor multiple coins in one place.Referrals: Spread the word, earn real money.Best Coins: List of best performing coins for the past 24 hours.Chat Bot: Easy access from anywhere.Chat Box: Interact with all users in real time.Exchanges: Monitor coins from other exchanges within Thorium.All Time High & All Time Low: Get alerted for your coins.Buy & Sell: Set up a buy and sell order simultaneously.Alerts: Get alerted when price reaches target.Volume: Get alerted for unusual volume changes. Noob or Pro Exchange: Users can choose between a simple version of our exchange to trade on or a more advanced version, with more tools.

Institutional InvestorsInstitutional Investors will be offered a different type of account than retail investors. Financial Institutions like Hedge Funds will be able to create accounts with many more tools at their disposition and will be able to request customization.Examples: Umbrella Accounts, technical analysis tools, etc.

Trading Market PairsWe have researched many blockchain companies in the past year and have chosen to support the following tokens as market pairs: • BTC • ETH • NEO • THORAnd in the future will consider: • AGI • SAFE (currently Maidsafe) • Tether

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Coins & Voting SystemWe will start the exchange with ten cryptocurrencies that will be voted by our early adopters that participate in our ICO. Our Voting system will constitute of up and down votes. Once the exchange is live, one crypto will be chosen every ten days and will be added to the exchange. Traders will be able to skip the vote if they are willing to pay a fee to add a token but tokens will only be added if they have strong credibility, user base and liquidity. Listing and delisting will be driven by the community voting process.If you have a coin that you wish to list on Thorium later on, participating in our ICO will help.Preview:

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Exchange FeesThere are two ways to trade: 1. Without Fees 1. Traders will not be given dividends. 2. Traders are disqualified from participating in the lottery. 2. With Fees 1. You will receive daily payouts in proportion to how many Thorium Tokens you

hold from both the Exchange Fees and the Mining Operation. 2. Traders pay less fees if they opt to pay their fees with Thorium Tokens. The

percentage is calculated in proportion to how many Thorium Tokens they hold. 3. Traders qualify for the daily lottery.

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Market Price & The “Float”Thorium will use 25% of all Exchange Fees to accumulate a large float of each crypto listed, which will be bought and sold to users at the general market rate. This will give Thorium liquidity as a whole and will allow users to cash out faster and with less losses, especially in times of a crashing market.

PortfolioThorium's Portfolio will feature many tools to help you keep up with your trades. • Technical Analysis • Crypto Calculator • Alerts • Sync with your real assets • And many more features...

Device CoverageWe will provide cross-platform trading clients for: • Web-based trading client • Android native client • IOS native client • Mobile HTML5 client (WeChat H5) • PC (Windows & Mac) native clients • REST API

DecentralizationThorium is building a hybrid decentralized exchange where Thorium Tokens will be used as one of the key base assets.

Tax DocumentsThorium will provide all the tools necessary to file your taxes. With the ability to export tax forms and monthly or yearly transaction history, you will no longer have a problem keeping up with your taxes.

Multilingual SupportWe will support English, Spanish, French, Italian, Portuguese, Chinese, Japanese, Korean, Russian, Arab, Ukrainian & Indian on all of our user interfaces. (The initial ICO application will be in English only). More languages will be added over time.

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SECURITY

AuthenticationSimple Login access type will not be allowed on Thorium. We will enforce secure 2FA protection with client certificates. In the beginning but only temporarily, will weak 2FA like Google Authenticator, be authorized. Within our mobile applications you will be able to login with finger or face recognition technology.

Active & Cold StorageOur wallets will be guaranteed by certified HSM. Traders will be given a key on a 2 of 3 multi-signature wallet, along with Thorium Exchange and a Trusted Third Party. The key given to the third party will be stored in a Ledger cold wallet, itself stored in a bank safe. Should the client loose their key, the stored key will be retrieved from the bank, ensuring complete security of the funds.

Advanced Multi-Signature TerminalsFeatures based on multi-signature will be available to control active and cold storage.

Withdrawal SecurityWhen creating an account each trader will have to input their withdrawal addresses after inputing their 2FA code for each withdrawal address they would like to add to their account, 24 hours must pass before traders are allowed to withdraw funds. Adding one more layer of security.

Secure Web ServicesHighly secure Distributed Denial of Service (DDoS) shielded hosting solution with network and application firewalls. Using Secure Hypertext transfer protocols to enforce Transport Layer Security encryption, Content Security Policy & X-XSS-Protection to mitigate cross-site scripting attacks. X-Frame-Options to forbid clickjacking, etc. Password will be slated and hashed.

Secure Company PoliciesNo all-in-one person privileged accounts. No direct access to assets. Private keys are securely stored in HSM, inside securely guarded and distributed hosting provider facilities.

Security AuditsWe are planning to pass regular external audits and to obtain security certifications.

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THORIUM SOCIAL

Profiles, Pages, Friends & FollowersTraders will be able to add their friends on Thorium, everyone will have a profile. They will be able to follow their favorite companies and keep up to date with the latest developments. Companies and influencers will be able to create pages and post updates and articles as well as create events.Profile Preview:

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MessengerBased on the Telegram phenomena, Thorium is working on a peer to peer messenger system that will be encrypted and secure, not even Thorium staff will be able to ever read your messages.

Forum, Groups & PollsWe are currently working on a partnership with SteemIt. We would like to implement their system into Thorium. Groups will be created for more specific subjects and audiences and will come with privacy options.Sketch:

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EventsCompanies that wish to give weekly updates can create events and followers can get notifications from the pages they follow. As well as options to live stream meetings or seminars.

News ChannelsThorium will provide different news channels, most about cryptocurrencies. Traders will be able to follow a specific companies news updates from here and simultaneously be able to trade. We are partnering up with many of the crypto spaces most influential news outlets to provide you with the best news experience. Right now we are in talks with Coin Center to provide you with updates about new legislation.

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THORIUM TOKEN (THOR)Thorium’s development team has been creating a cryptocurrency based on the Ethereum Smart Contract technology otherwise known as ERC-20 tokens since January 2018. A strict limit of one hundred million (100MM) THOR will be created, never to be increased and from those one hundred million (100MM) only twenty million (20MM) will ever be circulated or exchanged. The other eighty million (80MM) will be locked away and will bring revenue to the different parts of Thorium’s platform. Thorium Tokens represent the convenience of cryptocurrency trading and storage with the stability of being priced at the minimum market value of the bullion being held in reserve.Thorium Tokens bring back the precious metal standards in a unique, convertible way, by affording ownership of precious metals in a digital form by tokenizing bullion. They are globally transferable and easily used for all types of financial activities.Thorium Tokens can be freely purchased by anyone, anywhere using a smartphone, tablet or personal computer through Thorium’s exchange.Each Thorium Token is an insured, vault verified, bullion backed unit, with a fair market value set by the open exchange markets, and is validated and guaranteed via an actual precious metal mine and vault.

Industry TrendsWith Bitcoin leading the way, the past couple of years have seen the growth of digital currency and the recognition and acceptance of the idea of digital currency by the public. Simultaneously, an influx of capital and the genius of crypto developers have produced competing coins in the crypto space such as Ethereum, Litecoin, and Ripple.Abundant application scenarios and technology innovations based on Blockchain has resulted in quickly growing trading volume from competing coins, and a substantial increase in market value. An increasing number of investors are focusing their attention on the great potential of the digital currency market.Bitcoin and other cryptocurrencies have begun to see widespread adoption. The fundamental concept to cryptocurrencies is that, rather than needing to rely on a trusted third party to oversee transactions, a distributed ledger, known as “blockchain,” handles the recording and propagation.In this environment, transactions can be trust-less, permission-less, private, and resistant to censorship. Unlike other forms of money transfer that can be charged back through a dispute process; once a transaction has been confirmed through the blockchain, it is irreversible. Cryptocurrencies have the capacity to dramatically alter the way in which we do banking through the removal of artificial barriers created by financial institutions, thus allowing for:• Valid and indisputable peer to peer payments to and from anywhere in the world.• Negligible transaction fees and processing time compared to legacy banking methods.• Transacting parties to remain pseudonymous, assuring financial privacy.• Irreversible transactions that avert chargebacks and fraud.

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Limited Risks with Maximum PotentialsFiat currency has a long history of volatility with an average lifespan of only 27 years. In the rare occurrence that it survives longer, a currency will invariably experience inflation and likely hyperinflation at or near the end of its lifespan. Considering central banks have the capacity to print currency as they see fit and the effects of inflation are destructive, the purchasing power of fiat money nearly always experiences a steady decline.An excellent example of this is the world’s oldest fiat currency, the British Pound, which has lost 99.5% of its value since inception. In contrast, gold and other precious metals have historically remained more resilient in holding their value compared to fiat currency, especially in periods of economic instability.There are no absolutes or guarantees when it comes to currency stability. However, Thorium’s tokens limit the exposure to downside risks. Thorium’s tokens are always at least equal to or greater than the spot price of the bullion held as reserve against it, which means that Thorium’s tokens have a floor price.Thorium sets the stage for each token by reintroducing an almost precious metal standard for each token from bullion standards set by governments in the past for precious metal backed currencies.Like stocks, bonds, and other financial instruments—and other cryptocurrencies that trade at a multiple of their actual value—the usage and market demand of the tokens add a premium to their value.The market prices of Thorium tokens are determined through a four part valuation system: • Transaction Fee Payout: The earnings generated and distributed by the exchange. • Bullion Value: The combined spot prices of the ten precious metals that back each token. • Mining Operation: The earnings per day generated by the cryptocurrency mining efforts. • Market Demand: The synchronous value being set by those that freely trade, hold, and

use the tokens.

Token HoldersTrading fees are distributed back to the network. Fees are accumulated to a minimum threshold in a holding account and re-distributed at 24 hour intervals.

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THORIUM TOKENS BACKED BY PRECIOUS METALS

Bullion Reserves and Partnering Bullion SuppliersThorium is currently in talks with many suppliers. After the ICO we will have more purchasing power and therefore a better rate and will make our decision of who to work with.

Vault and StorageThorium has been seeking the most viable and strategic manner to hold and secure the physical bullion. These options will finalize as being one of the three or a combination of all thereof. 1. Most Desired – Thorium will purchase the physical bullion from their partnering suppliers and keep the physical bullion at the suppliers' vaulted facilities for a small service fee. Both parties would have to agree that the Thorium auditors and insurers would require access to these holdings on a quarterly basis. 2. All physical bullion once acquired and freed from debt is then moved to a secure bullion market vault operator. Again, both parties would have to agree that the Thorium auditors and insurers would require access to these holdings on a quarterly basis. 3. Thorium leases vault space from recognized facilities around the globe as to not hold all physical bullion in one location. This will make for easier delivery for people holding Thorium Tokens for their physical bullion delivery. For security reasons, access to the physical bullion once converted from the reserve holdings, shall be restricted to only the vault Trustee while under the supervision of the auditing and insurance firms. At no time, shall bullion be moved from the vault unless there is an authorized trade of a coupon token for bullion.

Independent AuditorAll storage facilities containing physical bullion shall undergo a quarterly audit of reserves to endure accounting is upheld. Every Precious Metal Bullion will be rigorously tested with precision instruments at Audit. We will perform such measurements using Ultrasonic Gauge Measurements (UTM) and densimeters. UTM is a method of performing non-destructive measurement of the local thickness of a solid element basing on the time taken by the ultrasound wave to return to the surface. Densimeters are devices that measure the density of objects with water displacement.

Why Precious Metals?Most of the world uses fiat currency, which is money backed only by legal tender laws, so thus can’t truly be considered money by definition. Historically, money was either created from or backed by precious metals. They have been a store of value and the investment safe haven for 5,000 years.

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The last fiat currency was created by President Nixon with the signing of the Bretton Woods Act of 1971, the world hasn’t seen a gold standard or a precious metal standard since and we see hyperinflation taking place daily because of it.A currency must be the following:

The difference between currency and money is only one additional element:

Fiat currencies are given value by government decree only. They have no intrinsic value. The value of the U.S. dollar is roughly six cents to create. Many people have said that there is no value behind Bitcoin, but it actually costs $1000 in hydroelectricity to create one Bitcoin, which grows in value daily as the Blockchain difficulty increases.All fiat currencies in history have failed. They all have eventually caused hyperinflation and all have fallen to their intrinsic value of being nothing. Fiat money would comply with all the fundamentals listed above if backed by precious metals, but as we have seen globally, there is no fiat backed by any commodity. Since then, national currencies have had free floating exchange rates, dictated mainly by the Federal Reserve and the global central banks’ monetary policies. Fiat currencies are widely abundant and widely available globally.Modern paper money and coins, along with their digital counterpart, are a medium of exchange, are portable, are a unit of account, are divisible, are durable, and are fungible. However, they lack intrinsic value and cannot be considered as a store of value. Fiat money, therefore, complies with six of the seven major fundamentals that true money holds as being both a “currency” and “money.”

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Medium of Exchange Unit of Account

Portable Divisible Durable Fungible

Store of Value or Possess Intrinsic Value

Ironically, Bitcoin and numerous other cryptocurrencies meet the definition of true money better than most modern fiat currencies. Even so, they too fall short because they lack the backing of tangible commodities. The future demands that money be a combination of true currency, true money, and a true store of value.Each Thorium token is backed by a minimum amount of each of the 10 precious metals and will be backed by an ever increasing amount.Thorium tokens provide all the fundamental characteristics to meet the requirements for consideration as money and can be stored safely in your secured thorium wallet. However, Thorium tokens should not be considered money, as they are a utility tool or coupon that is convertible to true money, which can only be in the form of precious metals, otherwise known as bullion.Physical Precious Metals guarantees a secure financial asset from the rise and fall of cryptocurrency trading, and the value of the Thorium Coupon Utility Tokens.Purchasing and selling physical bullion has never been an easy process without being penalized at higher percentages above and below spot quotations. By digitizing the physical bullion in the form of utility tokens, we speed up the purchase and sale of bullion at a lower loss than its physical counterpart, which can even trade higher due to supply and demand.

Why Thorium Tokens instead of other Bullion Backed CryptocurrenciesSince starting our research, several “Gold Backed” cryptocurrencies have been released, but very few have a business model that will work and be legal on a global level. • Every 10 Thorium tokens make up 1 Thorium Share. • Thorium Shares are convertible & redeemable towards physical bullion, which is not a

security, but instead a tangible, hard or real asset. Physical Bullion is the oldest form of money and store of value. By holding Thorium Shares (10 Thorium tokens), one is holding a monetary value in the form of a verified physical bullion backed digital coupon called a token. The token holder is the owner of the convertible token against the physical bullion with our partnering suppliers, and there are no additional fees attached except upon physical delivery for the shipping and administration costs.

• The tokens hold an intrinsic value that may be deemed more valuable to one person than another, and thus trades on cryptocurrency exchanges at what the market deems as a fair market value of its reserves held by our partnering bullion suppliers.

• Thorium Tokens represent the convenience of cryptocurrency trading and storage with the stability of being priced at the minimum market value of the bullion being held in reserve.

• Thorium Tokens represent the convenience of cryptocurrency trading and storage with the stability of being priced at the minimum market value of the bullion held in reserve.

• Thorium Tokens bring back the precious metal standards in a unique, convertible way, by affording ownership of precious metals in a digital form by tokenizing bullion. They are globally transferable and easily used for all types of financial activities.

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• Thorium Tokens can be freely purchased by anyone, anywhere using a smartphone, tablet or personal computer through our partnering exchanges.

• Each Thorium Share is an insured, vault verified, bullion backed unit, with a fair market value set by the open exchange markets, and is validated and guaranteed via an actual precious metal mine and vault.

• Thorium Tokens can trade at a multiple of their physical value due to demand.

• Thorium Shares do not charge a premium above the spot price for physical delivery.

• Thorium Tokens provides the ability for holders to move their precious metals at will and with ease, unlike its physical form.

• Thorium Shares will never fall below the intrinsic floor value of the precious metal they represent which is set daily by the metals exchanges in the United States and the United Kingdom.

• Thorium Tokens can be spent and used the same ways that fiat money & other cryptocurrencies can be used until redeemed.

• Thorium Tokens grow in value based on the reserved bullion and the mining operation success.

• Thorium Tokens will be redeemable into their physical precious metal forms once the precious metals exchange operation begins. Every ten Thorium tokens make up one Thorium Share and will be exchanged as shares not as individual tokens.

• If a Thorium Token holder does not have enough Thorium Shares to exchange (see chart for “amount of Thorium Shares needed for withdrawal”) our exchange portal will allow traders to connect with other traders that also lack the amount needed and will enable them to request a trade together, thus ensuring that even the smallest Thorium Holder has a way to redeem his/her tokens.

• Thorium Tokens are conceptually better than physical bullion in the sense that there are no holding fees, minting fees, vault storage fees and sales premiums charged.

• All Thorium Token transactions are verified via smart contracts on the Ethereum blockchain.

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AMOUNT IN GOLD

BACKED PER EVERY THORIUM

SHARE

AMOUNT OF THORIUM SHARES

NEEDED FOR WITHDRAWAL

$10,000,000 $5.00 9000

$20,000,000 $10.00 8000

$30,000,000 $15.00 7000

$40,000,000 $20.00 6000

$50,000,000 $25.00 5000

$60,000,000 $30.00 4000

$70,000,000 $35.00 3000

$80,000,000 $40.00 2000

$90,000,000 $45.00 1000

$100,000,000 $50.00 1000

$110,000,000 $55.00 900

$120,000,000 $60.00 800

$130,000,000 $65.00 700

$140,000,000 $70.00 600

$150,000,000 $75.00 500

$160,000,000 $80.00 400

$170,000,000 $85.00 300

$180,000,000 $90.00 200

$190,000,000 $95.00 100

$200,000,000 $100.00 100

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Am

ount

of T

hori

um s

hare

s ne

eded

to

tr

ade

in fo

r P

reci

ous

Met

als

02,250

4,5006,750

9,000

Dol

lar

amou

nt o

f Pre

ciou

s M

etal

s

back

ing

each

Tho

rium

sha

re

$25

$50

$75

$100

Amount of Precious Metals in Dollars$10,000,000 $40,000,000 $70,000,000 $100,000,000 $140,000,000 $170,000,000 $190,000,000

Dollar amount of Precious Metals backing each Thorium shareAmount of Thorium shares needed to trade in for Precious Metals

9,000

8,000

7,000

6,000

5,000

4,000

3,000

2,000

1,0001,000900 800 700 600 500 400 300 200 100 100

$5

$10

$15

$20

$25

$30

$35

$40

$45

$50

$55

$60

$65

$70

$75

$80

$85

$90

$95

$100

Thorium Tokens represent a mix of 10 Precious Metals

Gold, Rhodium, Platinum, Iridium, Palladium, Osmium, Ruthenium, Rhenium, Indium & Silver

That is why we chose

1 Thorium Share = 10 Thorium Tokens

MINING OPERATION

ResourcesThorium’s mining operation will be created, operated and sustained by two revenue streams: The exchange income and the mining operation income (once it is operational). We will use ten percent (10%) of our resources to maintain and grow our mining operation.

LocationThorium has yet to choose a location for the mining operation. Iceland may be one of the best options.

EnergyThorium plans on investing in its own Data Center as well as renewable energy to lower the overall cost of electricity.

Profit Distribution

*These percentages may change without prior notice.

THORIUM CHARITYWorking with Aidcoin and partner charities we will be able to easily facilitate your charity donations. We are committed to making the world a better place and that is why we have pledged 5% of the profits from both the Mining Operation as well as the Exchange to go towards one charity every month. Each charity will have an equal chance because a community vote will determine which charity the donation goes to every month.

% Mining Operation Profit Disbursement Description

25% Research and Development.

25% Exchange Float: We will provide liquidity to our markets with a market price and the ability to buy/sell from the Exchange.

20% Distributed between each Thorium Hodler.

10% Used to buy more mining rigs to create exponential growth in earnings and for the cost of operations for the mining platform.

10% Used to buy physical bullion from partnering mining companies on a monthly basis.

5% Thorium Lottery: Daily payouts to one users.

5% Thorium Charity: Monthly payouts to one Charity.

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PROFIT DISTRIBUTION

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Thorium Charity5%

Thorium Lottery5%

Mining Operation10%

Precious Metals10%

Circulating Supply20%

Market Price "Float"25%

Research & Development 25%

SUPPORT

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Thorium will give users support over the phone. This will not be implemented till after we have hired enough support staff.

The first button will take you to our website.

Our FAQ will be updated monthly. We will try to answer every single question you may have and allow for comments to be posted from users for further help.

If your issue is not a mayor concern you can create a ticket. Tickets will take up to 5 days to be resolved and in some cases longer.

If your issue is very important and needs immediate attention users will be able to text the support team. Users will have 2 to 3 assigned support team m e m b e r s t h a t w o r k a t different times. Giving users a more personal service.

You will be able to find the Forum directly from here, if you would like to find deeper discussions about a certain topic.

Users will be able to see news articles about Thorium. Reporters will be able to contact us through here.

Our Road Map will always be available for our users. We believe in full transparency. Our Roadmap will have more than just a date. You will be able to see how much we are spending on specific projects.

As a last resort you can find us on Telegram. We do not believe in Facebook or twitter or any of the other centralized social media companies.

For any legal issues you can write to us here.

CRYPTOCURRENCY MARKET ANALYSIS

Presently, consumer demand is changing. People are looking to make their lives easier with less effort, by spending less time consuming financial services. To do this, they are making the move to conducting transactions online such as with cryptocurrencies.Cryptocurrencies or digital currencies can be used across the world by anyone for various purchases or as a store of value. They are a medium of exchange that utilizes cryptography technology to secure each transaction and stop inflation of the currency by controlling the creation of additional units.Cryptocurrency is the revenue stream of the future in the digital financial world. Cryptocurrency addresses are established by using public and private keys. They are politically neutral because they are not bound by the rules or regulations of any specific government, exchange rates, interest rates, bank, financial institution or country to country transaction fee. As a result, international transactions are quicker and less expensive compared to other forms of payment.Cryptocurrency is more secure than conventional financial instruments. It virtually eliminates the chances of identity theft and other problems plaguing the fiat based, electronic payments infrastructure.In January 2017, the purchase price of Bitcoin reached parity with that of an ounce of gold, capturing the attention of gold investors worldwide. Along with the wave of interest in Bitcoin, there has been a parallel wave of interest in the concept of precious metal backed cryptocurrencies.The notion of a precious metal backed digital currency has always been appealing for an alternative payment system. For example, EGold emerged online in 1996 as the first digital currency backed entirely by gold. At one point, as many as 5 million people around the world had active accounts until forced to cease operations.

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If you would like to advertise within our News Channels or other advertisement allowed pages. You can complete a form here.

If there are technical issues or design changes you would like to see or recommend in Thorium, you can write to us here.

Some users will get blocked many times if they spam a lot. Somet imes the i r soc ia l accounts will be permanently blocked. Here users that feel they have been wrongly blocked can make their case but will have to show proof.

We are always open to mee t ing and encourage partnerships with Thorium.

Other attempts to create gold-backed digital currencies have also occurred, but this was before the age of Bitcoin and Blockchain technology.As a result, the Blockchain established itself as a secure accounting method. Simultaneously, Bitcoin became recognized by more people worldwide. It is the arrival of the next generation of precious metal backed cryptocurrencies.A proverbial “gold rush” is happening right now in the cryptocurrency world, and even countries and financial institutions are considering issuing their own gold based cryptocurrency.Essentially, the precious metals act as a builtin, stop-loss for the tokens. The minimum price of the token will always be equal to the current value of the bullion that is backing it. As the popularity of the cryptocurrency increases so does its value, making it even more valuable than the bullion. In the event the cryptocurrency loses popularity, the price of the tokens will not drop below that of the bullion backing it.There are of course inherent risks associated with storing physical precious metals such as gold. To ensure the safe and secure storage of bullion backing Thorium Tokens, a secure bullion market vault operator will be used.Cryptocurrency Market: Drivers and ChallengesCryptocurrency provides proper security, authentication, and ease of use. One of its primary benefits is allowing cryptocurrency holders to transfer an amount they wish without having to provide additional information or identification.With mobile users transacting at an increased frequency and volume, the changing consumer landscape has led the demand for quick and easy transactions with lower transaction fees, thus creating market growth. Another driver of market growth is the increased use of mobile based wallets.Despite the fact cryptocurrencies have existed since 2009, a large percentage of the population are completely unaware of the benefits of digital currency. The absence of widespread adoption, along with capacity limits which are currently being addressed by micropayment channels, are hampering the growth of the market. It is estimated that only a fractional percentage of people in world even know about cryptocurrencies, and, of those, most are only aware of Bitcoin.Cryptocurrency Market: SegmentationThe Cryptocurrency market can be segmented based on end-user: Banking, Financial Services and Insurance (BFSI), retail, media & entertainment, gaming industry, healthcare, travel & tourism, transportation & logistics, and education. The market can also be segmented, based on region: North America, Latin America, Western Europe, Middle East & Africa (MEA), Asia Pacific excluding Japan (APEJ) and Japan.Cryptocurrency Market: Regional OutlookNorth America and Europe markets are in the advanced stage of adopting cryptocurrency, while adoption in the Asia Pacific and MEA markets is in the earlier stages. In places such as India and much of Africa, the popularity and the usage of various cryptocurrencies is increasing gradually.

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CRYPTOCURRENCY TRENDSThorium sees the cryptocurrency trend as the next most significant wealth transfer period to occur as has happened many times in our history. It will be the largest wealth transfer to date as wealth is never diluted, reduced or destroyed; it is merely transferred. This will be viewed as a crisis but should be viewed as an opportunity.The flow of currency has been controlled primarily by the global elite from major industry and the banking sectors which may or may not always be the case, but accountability is the main drive behind the shift of how society perceives money and how they wish to use it.The cryptocurrency shift is combining how people save money and should be perceived as a spendable asset that has the potential to grow in value based on its store of value and the demand it drives. Traditional investments and banking will not be destroyed by this new sector but improved through a unit of account which will be monitored by the digital public ledger, the Blockchain. • Thorium Tokens are designed with scarcity builtinUnlike most cryptocurrencies, Thorium Tokens are hardwired for scarcity because the smart contract specifies from the beginning the total number of tokens to ever be issued. In this way, Thorium Tokens, as cryptocurrencies, are more like precious metals than fiat currencies. Like precious metals, they offer inflation protection not afforded to users of fiat currencies. Most cryptocurrencies are backed by their technology but with no hard assets. Although Thorium Tokens are more of a utility coupon token than a currency, they can be used as money within the platform. • A Means to Combat Government Currency MonopoliesThorium Tokens, as a cryptocurrency, provides a dependable means of exchange beyond the direct control of national banks, such as the U.S. Federal Reserve, European Central Bank, Bank of Canada, Monetary Authority of Singapore, etc. This is particularly attractive for those concerned that loose monetary policy such as quantitative easing (often central banks’ “printing money” by purchasing government bonds) and near zero interbank lending rates, will result in longterm inflation. • Self Governing Decentralized Consensus CommunityCryptocurrency utilizes mining as a builtin system for quality control and safeguarding through consensus. Miners have a financial stake in keeping the distributed ledger accurate and up to date because they receive payment for their efforts. The mining community secures the integrity of the system and the value of the cryptocurrency via the ERC-20 token contracts. • Robust Privacy ProtectionsWith cryptocurrency transactions sent across a distributed and decentralized network, there are understandable concerns regarding customer privacy and anonymity. Thorium Tokens, through cryptographic hashes, incorporate a design that provides a record of each transaction, without disclosing personally identifiable customer data via the ERC-20 token contracts. • Making it More Difficult for Governments to Unfairly Seize AssetsAround the world, virtually any court or government agency can easily freeze or seize domestic bank accounts without due process as well as reverse transactions made in local currency. The

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decentralized nature of cryptocurrencies effectively prevents governments from seizing assets this way. • Less Expensive Compared to Traditional Electronic TransactionsThorium Tokens, as a cryptocurrency, through the security of the decentralized network, eliminates the need for third party payment processors such as credit card companies, banks, international wire transfer services, or even online payment processors, which would typically authenticate and verify each electronic financial transaction and charge expensive fees to the client along the way. • Elimination of Boundaries and Fees Associated with International TransactionsThere is no such thing as domestic or international when it comes to cryptocurrency transactions. Regardless of where the sender and receiver of the transaction are located, the fee is negligible compared to traditional international electronic financial transactions.

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REVENUE MODEL

Thorium Revenue will come from the following sources

Exchange FeeThorium will charge a .25% fixed rate per trade. -This rate may change without prior notice. Please note, traders using Thorium Tokens to pay fees will offset some of the cost.The company will use the daily exchange proceeds in this manner:

*These percentages may change without prior notice.

Withdrawal FeeThorium may charge a small fee for withdrawals.

Listing FeeThorium will select innovative blockchain companies and other assets to be listed on the exchange On a case per case basis there may be a fee associated with each listing.

Mining OperationThe Company will acquire mining rigs with ten percent (10%) of the transaction fee profit as well as ten percent (10%) of the mining operation profit to maintain, operate and accumulate an ever growing cryptocurrency mining operation. These servers will harvest cryptocurrencies generated by answering mathematical equations. Processing these transactions through the blockchain is referred to as mining. The miner is rewarded with the cryptocurrency that is supported by that harvested blockchain. These cryptocurrencies have a cash value, and will be distributed in the same way the transaction fees profit is structured to.

% Exchange Profit Disbursement Description

25% Research and Development.

25% Exchange Float: We will provide liquidity to our markets with a market price and the ability to buy/sell from the Exchange.

20% Distributed between each Thorium Hodler.

10% Used to buy more mining rigs to create exponential growth in earnings and for the cost of operations for the mining platform.

10% Used to buy physical bullion from partnering mining companies on a monthly basis.

5% Thorium Lottery: Daily payouts to one users.

5% Thorium Charity: Monthly payouts to one Charity.

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AdvertisementWe have a strict policy of not using advertisement on most of our screens, however some of our news channels may have advertisement and we may offer paid press releases from verified companies.

Initial Coin Offering SupportWe plan on supporting ICOs within our platform in the near future for a fee. Giving companies direct access to our user base for potential investors that will already have pasted the KYC requirements and therefore facilitate the process.

Other FeesThere may be other fees the platform may collect for various services.

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*Thorium Dude beating up other exchanges

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ICO & AIRDROP

Token DistributionThorium will issue 100,000,000 THOR Tokens. • Eighty percent (80%) of those tokens will be blocked and never move insuring that all

aspects of the Thorium Network are fully funded. • Twenty percent (20%) or twenty million Tokens will be circulating and that will never

change. This circulating supply will be backed by precious metals, reward traders with dividends and serve to lower your transaction fee.

• Every ten THOR Tokens represents one share of the precious metals, when exchanging Thorium Tokens for precious metals becomes an option, in the future, we will trade in tens not in ones.

Initial Coin OfferingThorium‘s Initial Coin Offering will sell fifteen percent (15%) of Thorium Tokens to the public. It will begin on April 25th, 2018 at noon and go on till May 25th, 2018. The ICO will only be available within our mobile application and only ETH will be accepted.Investors will have to do their KYC with our partner CIVIC.Investors will have to read & scroll through our white paper, terms and conditions, privacy policy and check mark all of the acknowledgements.Once users have been verified they will then be able to participate in the ICO which consists of these phases:

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Private Sale (2.5 Million THOR)1 THOR = 0.001 ETH (2,500 ETH)

ICO Phase 1 (2.5 Million THOR)1 THOR = 0.002 ETH (5,000 ETH)

ICO Phase 2 (5 Million THOR)1 THOR = 0.003 ETH (15,000 ETH)

ICO Phase 3 (5 Million THOR)1 THOR = 0.004 ETH (20,000 ETH)

Soft Cap: 7,500 ETHHard Cap: 42,500 ETH

ICO Preview

Funds Usage

AirdropUsers will be able to participate in our Airdrop. We will Airdrop 1,000,000 Thorium Tokens.Participants will have to complete three tasks in order to qualify: • Successfully pass the KYC, powered by Authoreon. • Join our Telegram Community Channel. • Refer at least one person that successfully participates

in either the Airdrop or the ICO. (You will receive more THOR for doing this).

% ICO Funds Usage

40% Research, Development & Marketing: Creating the exchange, new features for the app and more crypto currencies listed on launch.

20% We will purchase large quantities of the cryptocurrencies Thorium will list and offer them at the Market Price to give liquidity to our exchange.

20% Setting up the Vault and buying an initial amount of each of the precious metals to back Thorium Tokens.

20% Set up the Mining Operation.

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Understanding The RisksUsers of the Thorium tokens & exchange should carefully read and consider all information to understand and analyze the associated risk factors before choosing to participate in the investment and purchase of the Thorium ICO.The purchase and/or otherwise acquisition of Thorium Tokens carries with it significant risk. Prior to participation, carefully consider the potential risks and, to the extent necessary, consult a lawyer, accountant, and/or tax professional to evaluate the risk entailed. Do not overcommit.We make no promises or guarantees of possible gains or returns. You can potentially lose all your money if the market price drops to zero. Thorium Tokens are created through the Ethereum ERC-20 Smart Contract protocol. You must access and use them through compliant wallets. It is your responsibility to not lose your tokens.This is an early stage project in a new finance sector. The market is unpredictable. It is possible that even if the sale threshold is met, there could be enough execution error to cause the project to fail. By holding Thorium‘s tokens, the acquirer acknowledges that he/she understands that while every effort will be made to execute Thorium‘s vision for the Thorium tokens, it is possible that it will never be realized.Cryptocurrencies and project financing through cryptocurrencies have been the subject of regulatory scrutiny by various regulatory bodies around the world. Thorium’s project model may need to change their operations to comply with applicable regulation, and they may become subject to licensing requirements. Thorium tokens & exchange could be impacted by one or more regulatory actions or regulatory enforcement, which could impede or limit the ability to continue to develop the Thorium model. This uncertainty significantly adds up to risks connected with the acquisition and use of Thorium tokens & exchange. Thorium will make every effort to adopt its practices to accommodate regulatory needs and changes as they occur. The field of digital cryptography is very new and for this reason there is a risk of unforeseen attacks on several or all parts of the Thorium tokens & exchange model.Owing to the market prospective, holding and purchasing Thorium Tokens can be a risky and a speculative investment. By purchasing, holding and using Thorium Tokens, the user, investor or anyone holding the Tokens clearly recognize and presume the risks which are likely to be: 1. Risk of losing access to Thorium Tokens due to loss of private keys, or any kind of

custodial or purchaser errors. 2. The user needs to have a private key, or a combination of private keys, which is necessary

to control and dispose of Thorium Tokens stored in some digital wallets. 3. Because of owing to the market risks and unprecedented nature of the cryptocurrency

sector, the investments can become zero. 4. The funds raised in the ICO event are exposed to risks of theft. 5. Thorium Tokens can be significantly and unfavorably affected, if it fails to efficiently

administer its procedures, as its business builds up and progresses, which would have a damaging effect on its capability to maintain the Thorium Tokens or even to launch any mining operations.

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6. Risks arising from lack of governance rights or any changes made to put restrictions over the cryptocurrency utilization in Canada, United States, Bermuda, Barbados, and Bahamas, Belarus, Switzerland, India, Dubai, United Kingdom, Hong Kong and Japan could affect the ability of management to advance forward with Thorium.

7. Risk of uninsured losses, from taxation, uncertain regulations and enforcement actions, associated with markets for Thorium Tokens, etc.

8. Risks arising from dissolution of the Company, unfavorable fluctuation of other cryptocurrency values, such as Bitcoin and Ethereum, hacking, cyber attacks and security weaknesses.

9. Risks associated with the Ethereum protocol, because Thorium Tokens and the platform are based on the Ethereum protocol, any malfunction, breakdown or abandonment of the Ethereum protocol may have an adverse effect on the Thorium Tokens.

10. General global market and economic conditions may have an adverse impact on Thorium‘s operating performance, results of operations, and cash flows.

11. The uncertainties in the initial stages. 12. Thorium Token holders can lose their investments if the Thorium Tokens fall to zero, by

any means of market forces. 13. The risks related to the ICO investments should be carefully analyzed and speculated

correctly, to avoid any inconveniences after or during the ICO stages. 14. Thorium makes no representations or warranties (whether expressed or implied), and

disclaims all liability arising from any information stated in this white paper. Particularly, the “Product Architecture and Development Timeline” as set out in the text of the white paper is subject to change, which means that Thorium is not bound by any representations to the future performance and the returns of Thorium Tokens. The actual results and the performance of Thorium Tokens may differ materially from those set out in the “Product Architecture and Development Timeline”. This white paper does not represent any investment advice.

15. No regulatory authority has examined or approved of any of the information set out in this white paper. Thus, no action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of this white paper does not imply that the applicable laws, regulatory requirements or rules have been complied with.

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MARKETING STRATEGY

Press ReleasesThorium will continuously keep its users and potential users updated with news, as it happens, in relation to the platform and the partners behind it. We believe that it is essential to publish at least one press release update per week, to keep the public updated on these current events and upgrades pertaining to the platform.

Bounty ProgramReferrals that successfully participate in the Airdrop will award referrers 5 THOR and referrals that successfully participate in the ICO will award referrers 10 THOR until the Bounty account is depleted.

News ChannelsPartnering with crypto news organization and non profits that for example, summarize new bills pertaining to cryptocurrencies from the US government. This will make our news channel a very useful tool within the platform for traders and will also promote Thorium by giving users the ability to sharing articles with friends and coworkers.

Thorium LotteryWe will give out 5% of our profit every day to one lucky user that will be able to post a comment in our Lottery page and share it within his network, all other users will be able to see his comment and will be encouraged to use our platform for a chance to win.

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ROAD MAP

March 1st, 2018Launch of ICO Website

April 25th, 2018 - May 25th, 2018ICO

June 1st, 2018 - July 1st, 2018Airdrop

Thorium Platform ReleaseAugust 10th, 2018

Thorium GamesJanuary 1st, 2019

Crypto to Fiat ExchangeJanuary 1st, 2020

Thorium Tokens to Precious Metals Exchange

STRATEGIC PARTNERSHIPS & ACCOUNTS

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FOUNDERS

Thor Rhodes & Anthony Rhodes https://www.linkedin.com/in/thor-rhodes-9a4274a1

http://linkedin.com/in/anthonyrhodesrodriguez https://t.me/bitcoinandfriends

DEVELOPMENT TEAM

ADVISORS August Lasseter Andrew Rispoli

And others

LINKS https://t.me/thoriumexchange

https://t.me/thoriumcommunity

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FUTURE DEVELOPMENTS• We are in talks with GEMS to include their platform within Thorium.• We also plan on creating games for our users to play with their friends.• We plan on creating a marketplace where users can trade goods for crypto.• We plan on opening up a fiat to crypto exchange option within the second year of operation.

REGULATIONS AND REGULATORY ISSUES

Different countries all over the world are presently in the process of determining appropriate rules that will satisfy current cryptocurrency users, whilst ensuring that regulation within governments stays a priority. We’ll cover North American laws here.CanadaUnlike the US, Canada’s federal and provincial governments and their regulators have been fairly quiet when it comes to the issue of Bitcoin and how it should be governed. Despite the inaction, there are some obvious laws that lawyers abide by when discussing the federal and provincial legislation that might apply to businesses operating in the Bitcoin/Cryptocurrency space in Canada. Presently, aside from CBC’s news article that was posted on their website earlier this year, no branch of the Canadian government has issued any official notice or any form of guidance on whether Bitcoin should be taxed.The federal Proceeds of Crime (money laundering) and the Terrorist Financing Act (the PCTFA) would be the biggest starting point of federal legislation that would impact Bitcoin brokerage, exchange, and online vendors accepting payment in Bitcoins. It would also affect any organization in the business of selling a Bitcoin related product, such as gift cards. The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) is the police force behind laws in Canada regarding currency. Presently, cryptocurrencies in Canada are absolutely operating in a “wild west” environment. This provides an incredibly flexible realm in which cryptocurrency exchanges may flourish. Eventually Bitcoin companies (any business operating in the cryptocurrency space) will be regulated in Canada at the federal level.United StatesLaw making is slightly more advanced in the US. This past summer, Washington has passed new regulations for cryptocurrency exchanges operating out of the United States. Senate Bill 5031 apply the state’s money transmitter laws to exchanges, meaning that they would need to obtain a license from the Washington State Department of Financial Institutions, and must provide a third party audit of their data systems.In addition, a two year effort to unify cryptocurrency business regulations across the U.S. has concluded this past year. The Uniform Law Commission is a nonprofit made up of 350 lawyers committed to bringing clarity to areas where state law is creating instability. Several states are

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beginning to introduce a Uniform Regulation of Virtual Currency Businesses Act in upcoming legislative sessions around the country. This will spell out which virtual currency related activities are and are not considered to be money transmission, and therefore would require licensing. It will also define foundational concepts such as the “custody” of crypto assets.There will further be a three tier licensing structure that offers full exemptions for individuals and small entities, allowing startups to have more wiggle room in their beginnings, and granting full licensure for larger virtual currency businesses. There is more to be done throughout the U.S. when it comes to regulation and laws. However, this is a rather progressive start. Although this structure may aid in ensuring that there is less fraud in exchanges in the United States, some believe that adopting such a model with the characteristics of the New York regulation would certainly threaten the existence of companies and exchanges in the fin-tech industry throughout the nation.

LIMITATION OF LIABILITYIn no event shall Thorium, members of Thorium staff, contractors, or volunteers be liable for:

• Any lost profits, lost savings or incidental, indirect, special or consequential damages, arising out of your use or inability to use the services or products offered by Thorium or the breach of any of these.

• Terms by any third party. • Any security risk such as hacker attacks, loss of password, loss of private key, or similar. • Mistakes or errors in code, text, or images involved in the sale. • Any losses resulting from the volatility in pricing of Thorium Tokens in any countries and

cryptocurrency exchanges. This website, white paper, business plan, one pager, bounty offering, the Thorium Token wallet and the Thorium Tokens are provided on an “as is” basis and without any warranties of any kind, either expressed or implied. You assume all responsibility and risk with respect to your use of the mobile application, purchasing of any amount of the Thorium Tokens and their use. By acquiring Thorium Tokens and to the extent permitted by applicable law, the buyer agrees not to hold Thorium or any employee or contractor of Thorium liable for any losses or damages arising out of or in any way connected to the buyer’s failure to properly secure the private key to the wallet containing its Thorium Tokens: hacker’s attacks, stolen devices, loss of passwords, etc. If applicable law does not allow all for any part of the above limitation of liability to apply to you, the limitations will apply to you only to the extent permitted by applicable law.

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REPRESENTATIONS AND WARRANTIESBy acquiring Thorium Tokens, whether directly or from another stakeholder, you represent and warrant that you: • Have a basic level of understanding of the usage and intricacies of cryptographic tokens, such as Ethereum ERC-20 tokens, and other Blockchain based software. You are at least 18 years old; waive your right to participate in a class action lawsuit or a class wide arbitration against any officer, employee, volunteer, or representative of Thorium; are not exchanging or using Thorium for any illegal purpose; understand that there is no warranty, guarantee, or liability for defect with regards to Thorium Tokens, express or implied, to the extent permitted by law; further agree to accept that you participate and/or use (in) the Thorium system at your own risk; and, are in compliance with your local, state, and national laws. • If purchasing coins, you must comply with all applicable tax laws, including, but not limited to, the reporting and payment of income tax or similar arising in connection with the appreciation and depreciation of Thorium Tokens. You bear the sole responsibility to determine such implications and act in accordance with the law that applies to you. • If you are purchasing Thorium Tokens on behalf of any entity, you are authorized to accept these terms on such entity’s behalf, and that such entity will be responsible for any damage arising out of a breach of these terms by you or any other employee or agent of such entity (references to “you” in these Terms refer to you and such entity, jointly). • To the extent permitted pursuant to applicable law, you shall indemnify, defend, and hold Thorium and/or its respective past, present and future employees, officers, directors, contractors, consultants, volunteers, equity holders, suppliers, vendors, service providers, parent companies, subsidiaries, affiliates, agents, and representatives harmless from and against any and all claims, damages, losses, suits, actions, demands, proceedings, expenses, and/or liabilities (including but not limited to reasonable attorneys’ fees incurred and/or those necessary to successfully establish the right to indemnification) filed/incurred by any third party against Thorium in connection with the Thorium Tokens, arising out of a breach of any warranty, representation, or obligation hereunder.

PRIVACY POLICYBy signing up, purchasing Thorium Tokens or using Thorium’s platform you agree to your personal data, i.e. email address and/or name, being processed by Thorium for its business purposes or the purposes of building, promoting, and communicating about Thorium.Thorium agrees to keep your email address and other personal data private, and not share it with the public, e.g. by including it on any external lists or selling it to any third parties.

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