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Page 1: VERSION 1 - Boomstarter.networktool on the internet since 2009, when Kickstarter, the most popular . crowdfunding website in the world, was launched. Since that time many ... with

VERSION 1.06

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ContentsTHE IDEA

DOWNSIDES

MARKET OVERVIEW

BOOMSTARTER SOLUTION

WHY DOES BOOMSTARTER NEED BLOCKCHAIN?HOW

BOOMSTARTER SMART CROWDFUNDING WORKS

BOOMSTARTER NETWORK ECOSYSTEM MEMBERS

TOP MINER REWARD

THE GENERAL ECOSYSTEM PLAN

THE CRYPTOCURRENCY VOLATILITY

USER CASES

TOKEN

TOKEN USAGEFACTORS GENERATING DEMAND FOR THE TOKEN

SIMPLIFIED MODEL

FOUNDERS, ADVISORS AND TEAM

ROADMAP

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THE IDEABoomstarter.network— a blockchain-based crowdfunding platform with

smart-contracts and crowdmining technology.

INTRODUCTION

Crowdfunding has been actively developing as investment attraction

tool on the internet since 2009, when Kickstarter, the most popular

crowdfunding website in the world, was launched. Since that time many

similar websites have appeared not only in the US, but also throughout

the world.

Inspired by Kickstarter, Boomstarter team launched its own

crowdfunding project in 2012 and got to the top of the market from its

first days. Thousands of successful projects, tens of thousands of backers,

millions of dollars have been gathered during 6 years of Boomstarter and

Russian crowdfunding development.

1797 Successfulprojects

7,3 Million US dollars raised

196 Thousand backershave supported the projects

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Boomstarter worked hard to create a useful tool for business and

creative teams, which will support their goal of getting ideas funded and

sharing products of their creativity with the whole world.

But do the classic crowdfunding platforms use a full set of available

opportunities and methods nowadays? Does everyone get to use this

classic format?

We watch cryptocurrencies step into our lives. Thousands of people

gained new possibilities of international low-commission payments for

goods and services. Some of them even use the computing power of

their PCs to take part in cryptocurrencies mining and to profit from it.

The world has changed — it’s time for crowdfunding to change too.

DOWNSIDES Classic crowdfunding has plenty of problems that haven’t been yet

solved in the standard fundraising model used by the majority of

platforms.

Creator Issues.

International restrictions.

Citizens of only 22 countries can place their project on Kickstarter

without a representative. The population of these countries is a bit over

1 bln people. But there are 6 bln of potential inventors, creators and

businessmen who can’t participate in international crowdfunding.

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For example, if you hail from Kazakhstan and you want to launch your

project on the world’s largest crowdfunding platform Kickstarter or

on the local platform Boomstarter, you are going to face the legal

and financial regulations and restrictions. To launch your project on

Kickstarter, you need to be a resident of one of the available countries

(USA, Great Britain, Australia and some others). Similar rules are applied,

if you launch your project on Boomstarter. In practice, it leads you to

search for a representative or an intermediary in one of these countries,

and that means new expenses for intermediary commission and for

negotiation time. The intermediaries themselve add to the project risks

- there is always a possibility that they will disappear with the creator’s

money, and it’s the creator’s reputation that will suffer.

High commissions.

Every crowdfunding platform charges a commission for its services. It is

their one and sometimes the only source of income. Commission rate

varies from 5% to 15% (sometimes even higher). It makes a large part

of investments, that otherwise could have been invested in the project

development. Add inevitable taxes (that can reach 20% of investments)

and intermediary commissions, if you’re from Kazakhstan, like the

project from the previous example.

Limited ways to help projects.

Cryptocurrencies become an increasingly important part of our society,

internet culture. New coins appear as the alternative to the most popular

Bitcoin and Ethereum, while the blockchain technology is continually

adapting to more complicated tasks — from documents fraud

prevention to utility bills distribution. Meanwhile, there’s still no tool for

traditional startups to raise funds in cryptocurrency.

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Backers issues

Money allocation by a creator is untraceable.

Time and again we hear stories from Kickstarter projects, that gathered

millions of dollars and never completed the stated goals in time. Or they

have achieved a different result from the one that has been initially

declared . One of the best examples — the Pebble Watch.

Why do such situations happen?

The team rarely communicates with the purchasers, and when the

communication finally occurs, the team cannot give the answers

needed. The product is still absent, and the unrest among backers

comes close to the boiling point. The lack of transparency in allocation of

project money often drive the team to spend a lion’s share of the budget

on ineffective campaigns during the first days of success, while the

backers are still in the dark about what’s happening.

Platforms are lacking full and

timely funds withdrawal mechanisms, which restrics the creators.

Centralized crowdfunding services set their own rules. It’s not just about

international regulatory law constraints. Money transfer time may vary,

but usually, it ranges from several days to several weeks or sometimes

more in some special cases. Sending the original documents, personal

visit to crowdfunding company office and different banks transactions

(sometimes between foreign banks) steal the precious time from the

creators - the time, that could have been spent much more effectively.

Money must work.

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International regulatory constraints

on payment transactions

Limited ways of supporting fundraising projects

In the developing world of technologies there are different monetary

tools, among them are fiat money (classic money) and cryptocurrencies.

On classic crowdfunding platforms, investments in cryptocurrency are

still unavailable.

Inability to contribute intangibly to the project

Many users have are not able to support the project with money,

but they still like the idea and are ready to participate in projects

development by other means.

Backing up a project doesn’t yield

any financial outcomes for contributors

Currently, you can buy the project’s product or receive an intangible

gratitude from the creator. But these options do not always satisfy the

backers, who see crowdfunding projects as investment opportunities

Almost everyone nowadays has cards issued by centralized banks that act

in accordance with financial legislation of their country of origin. Even

now there are issues with transaction processing, if you’ve got a German

card, but live in London and want to purchase something with this card.

Many payment aggregators and card issuers can simply block the

payment in such cases without looking into the details. Just because you

are not where you are expected to be by the payment operator or the

bank of issue.

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MARKETOVERVIEWDespite the fact that the crowdfunding market on the internet has been

now actively developing for a decade, it remains limited even today.

After the crowdfunding market began to form, some projects started

using this type of financing technology for narrow areas. If initially the

crowdfunding platform accepted any projects seeking investment,

by 2015 many platforms had a narrow profile, specializing in creative,

business, public or other specific types of projects. The use of the narrow

profiles helped platforms to cover more specific areas, including, for

example, FinTech, but somewhat slowed the development of the market

as a whole.

Most of the active fundraising platforms are concentrated in several

key regions: the largest and most popular ones focus on the audiences

in the US and Western Europe. These regions account for about 70%

of the total crowdfunding market value. The REMAINING 30% ARE DISTRIBUTED PROPORTIONALLY throughout other geographies.

It should be taken into account that the number of fundraising platforms

is rather limited even for 2018, despite the potential of the sphere: the

number of large American and European sites runs in the dozens,

but in Russia there are relatively few large ones. The growth of this

sphere in Russia is hampered by a number of «childhood» problems of

crowdfunding. First of all, it is limited awareness and popularity of such a

method of collective investment in general and its limited transparency

in particular.

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The reasons for the former are quite apparent: the Russian Federation

has «stepped» into the new type of financial system relatively recently,

with potential consumers of such services having limited financial

literacy.. The emergence of new investment methods - including

crowdfunding - may seem not completely transparent and «reliable».

However, as practice shows, for the Western world this phenomenon is

much more characteristic, as the potential of investments grows from

year to year.

The amount of traffic driven by such platforms is noteworthy: it varies

depending on the degree of fame and relevance. IN SOME CASES, the

average monthly audience of crowdfunding platforms can amount to

about 20-60 million unique views with a fairly stable average percentage

of bounce rate (about 60). This indicator can be considered a record

for a sphere that is just gaining momentum and is directly connected

with the format of collective investment, which is little-known for

most countries. At the same time, the level of people’s interest in

crowdfunding is easily determined by the allocation of organic traffic

from the total volume. The figures in this case are also impressive: for

Western European and American platforms, organic traffic accounts for

about 93% (kickstarter, Indiegogo). For Russian platforms this figure is

up to 99%, however, with a smaller amount of traffic in comparison with

Western projects.

Despite this, crowdfunding platforms in Russia attract quite large

amounts of funds: for example, in 2016, the three largest Russian

sites were able to attract about $17 million in collective investments.

Boomstarter.ru accounts for over a third of this amount. .

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In 2017, the total amount of funds crowdfunding globally INCREASED

BY AT LEAST 40%, while it is expected that in 2018 a qualitative leap

may occur due to the use of new solutions , including the use of crypto

currency and blockchain as the most promising technologies and

means of payment.

The bottomline is: the market development for crowdfunding is directly

related to the market growth of crypto-currencies and its active

expansion.

BOOMSTARTER SOLUTION

GLOBAL CROWDFUNDING 2.0

Now crowdfunding becomes predictable, transparent and independent

from centralized platforms, that means decentralized. Boomstarter

Network uses Ethereum platform, which executes decentralized

application for crypto-crowdfunding. This brings crowdfunding up to the

whole new level.

There are less international restrictions than before — anyone could

launch their dream project from any place the world with a stable

Internet connection. Crowdfunding as accessible and convenient as ever.

Authors can now be sure that they will conveniently receive the funds

after completion of crowdfunding. The funds become available for them

in a few minutes (average transaction time in Ethereum network ranges

from 30 seconds to 5 minutes). Boomstarter Network utilizes smart-

contracts that are built on formal logic, and they follow it independently

of all centralized organisations.

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With Boomstarter Network, authors can call on their supporters to help

with not only money, but also by investing their computing power to

mine cryptocurrency for the author’s project pool and help to make the

world a better place.

Backers/Sponsors can track transactions from the author’s wallet. We

understand that blockchain does not guarantee perfect transparency,

but it is still a significant step forward compared to modern bank

accounts. After identification on platform backers gain an ability to

support projects in cryptocurrencies, which removes most of the

international restrictions and inconveniencies.

The backers/sponsors will choose their way of providing support: with

money (cryptocurrency) or with the power of their PC (if they cannot

support with money). Such backers become miners.

Miners profit from supporting the authors with the computing power of

their PCs, making it easier for authors to attract investments, while

actually getting revenue for themselves. The best miners have an

opportunity to claim a sufficient part of the whole cryptocurrency pool

raised for the project.

All the funds that projects collect will be nominated in Boomstarter

Coins (BC), with a convenient option of exchanging fiat money and

cryptocurrencies into BC and back. The exchange procedure can be

done through an integrated service provided by partner cryptocurrency

exchanges approved by the relevant authorities of Singapore.

Boomstarter Network also offers low commissions for everyone — now

projects don’t have to share their gathered finances with anyone,

authors can retain all the funds.

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Internationalrestrictions

MANY A FEW

Authors’ expenses transparency

Guarantees to authorsin obtaining funds

RELATIVE RELATIVE FULL

Funds transferspeed

14 DAYS 21 DAYS 5 MIN

Cryptocurrencies support

WHY DO WENEED BLOCKCHAIN?

Centralized crowdfunding platforms proved as not safe and convenient

enough to guarantee that the author will receive the funds on time.

Opportunity to gain profit for Backers

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The Ethereum blockchain platform and decentralized applications on its

basis are extremely convenient, because it is a ready-made infrastructure

that provides trust between nodes in a trustless environment, necessary

for the transfer of crypto assets between the addresses (wallets) in the

network. The Ethereum smart contract will guarantee the invariability of

the contribution conditions in the project.

Ethereum-based smart contracts also allow almost instantaneous

collection of funds to all participants in the transaction chain. In the

Boomstarter Network ecosystem, it is not only the authors, but also the

miners, who also help them in the implementation of projects with their

computing power.

Backers are also able to add their computing power, converting it to the

chosen cryptocurrency. The type of the cryptocurrency mined could be

defined within the backer’s web-based user interface .

Bureaucratic and legal international barriers are also easily eliminated

through the use of the blockchain technology and smart contracts.

There are no more obstacles, and now every person on the planet with

access to the Internet will be able to participate in crowdfunding.

Last but not least, it is the openness and transparency of the data that is

brought about by the blockchain technology. All transactions are publicly

available, and now no-one can distort the real data, even if they want to.

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HOW SMART CROWDFUNDINGWORKSCrowdmining technology

One of the main ideas implemented in the framework of Boomstarter

Network smart crowdfunding solutions is the introduction of

crowdmining technology, which allows a lot of people to support

projects with the computing power of their equipment. It is enough to

have an ordinary home computer, and a substantial result is achieved by

mass participation.

Boomstarter Network Mining Pool is going to be used to control users’

mining activities with the following pool of tasks:

Decentralization. The computing power belongs

to the miners pool and no one possesses more than a half of it.

Improving the probability of mining blocks: a large number of donating

miners will join the pool of Boomstarter.Network to bring its hashrate

high enough to increase the odds of generating blocks, boosting the

median earnings for each donating miner.

Risk mitigation. Boomstarter Network Mining Pool is presented as one

huge miner for the chosen blockchain, which guarantees the most

efficient mining.

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User story

The user defines the project they want to support.

The creator gets the cryptocurrency mined in addition to the general

fund of their project and implements the project, making the world a

better place.

Instant transactions

Thanks to the architecture of smart-contracts, the creators will be able to

receive the collected funds almost instantly. The average processing time

for transactions in the Ethereum network is a few minutes.

The creators will be able to manage the collected funds right after the

end of their crowdfunding campaign and to start creating new ideas and

products that change the world.

The user downloads a desktop application and follows the instructions to configure it to mine in favor of their chosen project on Boomstarter.Netwrok.

The community of such users helps authors to raise funds in

cryptocurrency, adding their important contribution to project

realization.

The user defined as miner in the given context, receives a part of the

cryptocurrency mined with his contribution.

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Guaranteed funds for all parties

Transparency of creators’ expenses

Ethereum network stores all transaction data from the first block

and provides public access to any part of the data chain, creating the

transparency of the Ethereum address (wallet). If you receive 10 ETH to

your wallet (the address in the Ethereum blockchain), information about

this transaction would also be available publicly to everyone who knows

your wallet address, e.g using ETHERSCAN.IO.

In the same manner everyone will be able to find out that you have

recently spent this amount somewhere else or that you are still holding

it at your address. In the ecosystem of Boomstarter Network smart

crowdfunding, the creators’ expenses will be transparent and everyone

will be able to track the flow of funds or question why the funds have not

been used if the project should already have been implemented.

However, it should be noted that the technology of blockchain does

not yet guarantee an ideal transparency of spending, but it is still

a significant progress in terms of transparency and openness in

comparison with the system of bank accounts.

Ethereum-based smart contracts depend on only one thing — strict

logic with clearly defined conditions. Once a predetermined amount

is collected within a predetermined timeframe, the smart contract

transfers the money to the creator. This process does not depend on any

third parties or forces, only on the logic laid down in the smart contract.

The same process is true for the percentage received by the miners and

top miners.

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Boomstarter.Network Ecosystem

Project Creator (Author)

Sponsor (Backer)

Miner

Miner contributes the computing power of their equipment (for

example, an ordinary personal computer) into a common project support

pool. Miner receives a part of cryptocurrency that they mined and

contributed to the project.

Within the framework of the created ecosystem we can identify

the following participants that influence the result of the system

operation.

Creates a project to raise funds to implement their idea. It can be any

idea that does not contradict the norms of morality and basic law, as

well as in classic crowdfunding, as laid out in the Terms of service. Authors

can implement public projects, design technological equipment, create

new products, or embody their creative talent in creating songs, books

or paintings. Anyone with access to the Internet can now quickly and

easily become a creator of the project.

The sponsor can support projects just like in the classic crowdfunding

model, but now it can be done with cryptocurrency. People from all over

the world will be able to support new ideas and receive unique rewards

from authors.

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Miner Pro

Author

Miner Pro can transfer part of their contribution to the total

cryptocurrency mining pool, within the limits allowed by the creator of

the project (at least 10% and not more than 50%). Miner Pro can also

claim 5% of the project’s total cryptocurrency mining pool, if they make

the largest contribution to the pool. This feature will be added after full platform launch.

The author of the project creates specifies their Ethereum account

address. A smart contract transfers funds to this account, if financing is

successful. If financing has failed (the target amount is not collected

within the period determined by the creator), the creator will not receive

anything, and the funds collected will be returned to sponsors (backers).

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Author

User scenario for project author:

• Creates a project on Boomstarter.Network,

• Passes the verification stage and launches the project.• A special smart contract is created for the project containing the

criteria of success and failure for the project (the amount of the

collected funds and the timeframe defined by the author).

To start the project, the creator needs to pay for one of the placement

formats. Payment is made with BC platform tokens (BoomstarterCoin).

• Submits content for the project.

• Indicates the target amount for the project and the duration of the project.

• Indicates their Ethereum wallet address to be used to receive the

collected cryptocurrency and to pay for placement on the platform

(creates the address first, if has not created it earlier).

• If necessary, converts available fiat funds into cryptocurrency or BC tokens in order to pay for the placement on the platform

• Pays for the project placement (prices depend on the services package chosen).

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• The author attracts Sponsors and Miners to support their project with

the help of cryptocurrencies and mining.

Sponsors/Backers

The sponsor (backer) uses cryptocurrencies available to them to support

the project. Other cryptocurrencies are converted to BC tokens and are

transferred to the smart contract of the sponsor’s chosen project.

If sponsoring takes place using Ethereum or ERC-20 tokens tied to an

Ethereum account, the Ethereum account address is registered in the

smart contract system so that, if the project fails, the smart contract will

return the money to this address. This will happen automatically if the

project’s amount determined by the creator is not collected within a

certain period of time.

• Completion of the project

• Project success:

• The smart contract transfers the collected funds to the

ethereum address specified by the author

• The author implements the project

• The author provides the rewards bought by the sponsors

• Project failure:

• The author does not receive the collected funds,

• Sponsors receive funds corresponding to 100% of theircryptocurrency amount they have spent to support the author’s project.

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User scenario for Project Sponsor (Backer):

• Chooses a project to support.

• Indicates their Ethereum address to be used to support the project and to receive a refund in the

event of the project failure.

• Transfers the necessary amount to the project’s smart contract.

• Project success:

• Expects to receive the selected remuneration,

If the sponsorship is made using other cryptocurrencies, then with

the help of a converter the cryptocurrency is transferred to the project’s

smart contract, and the sponsor (backer) will get the account address in

the Ethereum network with an offer to generate a private key to it. This

key is accessible only by the sponsor (backer). Alternatively, the sponsor

will be offered to provide the address of their personal wallet. To ensure

security, private key will not be kept by the Boomstarter Network

platform. In case of unsuccessful completion of the project, the funds

will be returned to the named address, and the sponsor (backer) will be

able to use them at their own discretion.

If the project succeeds, regardless of the cryptocurrency chosen for

sponsoring, the sponsor (backer) will receive the reward they pre-ordered from the creator.

• If necessary, converts available fiat funds into cryptocurrency or BC tokens

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• Can view transactions from the author’s address and ask the relevant questions

• Can spend their BC tokens to support other projects

• Can spend their BC tokens to upgrade their account to Miner Pro or to pay for the placement of their

own project

Miners

Miner:

Can mine only a fixed amount for himself (10%)

Cannot attempt to claim the top-miner reward

(5% from the project’s mined pool)

M - the whole amount of cryptocurrency

the miner has mined for the project

If the project is successful, the Ethereum account defined by the miner

will receive 10% of cryptocurrency mined by this miner.

• Receives a refund

• Project failure:

Miners can use their computing power to contribute to the common

cryptocurrency pool for the project. The mined cryptocurrency

(for example, Ethereum) is distributed correspondingly across the pool,

is transferred to the address of the Ethereum account of the project.

The funds are transferred to the project smart contract from this

address.

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User scenario for Miner:

• Chooses a project to support with mining.

• Indicates the address to use for receiving a share of mining proceeds

in BC tokens.

• Selects the method of mining:

• Begins the process of mining, suitable for their equipment.

• The project is completed:

• Successfully:

can spend their BC tokens to pay for upgrading their account to Miner Pro or for placing their

project on the platform

By installing an application for Windows / MacOS / Linux. The

user will receive an accurate indication of the free capacity

of their equipment available for mining.

receives 10% of the total volume of their mined cryptocurrency

can convert it into another cryptocurrency or fiat money

can spend their BC tokens on supporting other projects

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Miner PROThe logic of Miner PRO participation in the

ecosystem is the same as that of Miner,

but several key points are different.

N - cryptocurrency percent the miner mines for himself inside the frame allowed

by project’s creator, but no less than 10%

M - the whole amount of cryptocurrency the miner has mined for the project

To obtain the Miner Pro status, the miner must start a monthly subscription. Miner Pro has the ability to change the mining cryptocurrenсy percentage

for themselves, within the limits allowed by the creator (from 10% to 50%).

Miner Pro can claim the Top Miner award, which is 5% of total volume of the

cryptocurrency mined for this project. This feature will be added after full platform launch.

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User scenario for Miner Pro:

Chooses a project to support with mining.

• Begins the process of mining, suitable for their equipment.

• The project is completed:

• Successfully:

amount of cryptocurrency mined ofr this project,

can spend their BC tokens on supporting other projects

can spend their BC tokens to upgrade to Miner Pro account or for placement of their project on

the platform

• Pays for the Pro account: monthly subscription • Indicates the address to receive their share of mining.

• Selects the method of mining:

installs the mining application for Windows / MacOS / Linux. The user will be

able to receive an accurate determination of the free capacity available for

mining.

receives 10-50% of the volume of their mined cryptocurrency,

the percentage depends on the author’s set limits and the choice of Miner Pro,

if their hashrate for a given project was the greatest, they receive 5% from the entire

can convert them into another cryptocurrency or fiat money

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Top Miner Reward

The smart crowdfunding system of Boomstarter Network is analogous to

the reward mechanics used in blockchain systems.

The funds contributed to the project by the sponsors (backers) are

transferred to the project creator in full (with the exception of the

Ethereum blockchain transaction commissions).

Commissions and transfers scheme within the Boomstarter.Network

smart crowdfunding ecosystem. Commissions are held by Boomstarter.Network, as well as funds

are received by the project creator, only if the project is successfully

completed.

One of the ecosystem key solutions is the opportunity for Miner Pro

to receive 5% of the total volume of the cryptocurrency mined by the

project pool. This reward is received only by one Miner Pro out of all

miners for a given project - the one that made the largest hashrate

contribution to the overall output of the project pool. The award is

very attractive for many members of the crypto community who have

the opportunity to mine cryptocurrency with their equipment. This

awarding system is similar to the consensus system Proof of Work, which

is common in many blockchain systems. It proposes a coin reward to a

miner who picks up the necessary hash for the extraction of a new block.

This can only be done by miners with the ability to generate a large

enough hash rate. This feature will be added after full platform launch.

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27BOOMSTARTER.NETWORK

N - cryptocurrency percent the miner mines for himself inside the frame

allowed by project’s creator, but no less than 10%

BC - Boomstarter Coin

BC

BACKERS FUND

MINING FUND

PROJECT STORAGE

AUTHORBOOMSTARTER

PROFIT

BOOMSTARTERFEE

20-600 BC monthly

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The funds contributed to the project from mining by miners and

miners Pro are transferred to the project creator in the amount of 80%

of their total volume (minus the N amount). N means the amount of

cryptocurrency that the miner mined for themselves within the limits set

by the project creator with a minimum of 10% and a maximum of 50%.

25% of the Boomstarter.Network commission (or 5% of the total volume

of the project’s mined cryptocurrency) is transferred to Top Miner (Miner

Pro with the maximum hashrate contribution to the total project mining

pool).

All transactions and amounts of the received commission are ensured

by the blockchain technology and formal logic of the Ethereum-based

smart contracts.

The general ecosystem plan

The diagram demonstrates all the mechanics of the smart crowdfunding

ecosystem, the interaction of all participants, the commissions and

transactions between them.

Ecosystem participants can exchange cryptocurrency and fiat funds for

BC tokens and back using the built-in cryptocurrency exchange

functionality to be provided by partner crypto-exchanges.

Now that we have presented all the participants of the ecosystem

separately, it’s time to demonstrate the entire ecosystem.

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The cryptocurrencyvolatility

BACKER

MINER

MINER PRO

TOP MINER

BACKERS FUND

MINING FUND

PROJECT STORAGE

AUTHOR

BOOMSTARTERPROFIT

BOOMSTARTERFEE 20%

BC FUND 100%

80% – N

75%

20-600 BC

PER MONTH

BC

BC

BC

A lot of factors influence the developing cryptocurrencies market what

often leads to dramatic increases in their prices. During a few months

many cryptocurrencies may lose much of its value, or grow significantly.

When the creator launches their project, they must be sure that the

amount collected will be enough for them to implement the project. A

solution that will avoid the risks of market volatility is needed.

A solution within the Boomstarter.Network smart crowdfunding

ecosystem will be converting on a daily basis the funds being raised by the project into a stable coin, so as to provide a sustainable crowdfunding process.

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USECASESBusiness creating a new product

Businessmen from any country can now get support to create their

products not only in their own country, but also in countries that they

could not even have dreamt about earlier. Now, while in Canada, you can

offer to pre-order your product with zero commissions for a Hong Kong

resident, thousands of miles away.

Charity organizations that receive support from around the world

A striking example of UNICEF, a world-wide charity organization for

helping children under the auspices of the United Nations, has proved

that it is possible to receive support from around the world using

cryptocurrency. Now the whole world will be able to make donations

for any charity organization participating in the ecosystem of smart

crowdfunding without international barriers and other restrictions.

And not only can the donations be made with direct cryptocurrencies

transfers, but also through the production of cryptocurrency by

hundreds and thousands of people in favor of specific charity projects.

Creative people receiving support from fans

Musicians, writers, artists and other creative people can now receive

cryptocurrency support for their ideas and projects without restrictions

and international barriers and create new products faster and more

efficiently.

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Backers who can support projects by mining instead of money

Interesting projects often are not supported because the backer does

not have the opportunity to spend the available money. Now it can be

done with the help of mining in favor of projects on any home PC.

People who can earn money by supporting new ideas

Everyone who has access to the Internet and a computer can now

receive income by providing support to others and helping to create new

things that change the world. Owners of powerful computers will be able

to receive significant revenues simply by supporting interesting projects.

Top Miners in the ecosystem of Boomstarter smart crowdfunding can

receive 5% of the total amount of crypto currency generated for the

project. This is a considerable reward for those who want to help projects

substantially.

People who want to support projects with

cryptocurrency and receive rewards

Classic crowdfunding means receiving a bonuses from the project

in exchange for money. But now projects can be also supported in

cryptocurrency.

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TOKEN

Token usage

The projects creators.

Several placement options are possible.

Standard placement: using standard platform functionality.

For calculations between the Boomstarter.Network platform and the

members of the smart crowdfunding ecosystem, we introduce the BC

- BoomstarterCoin token. Token is intended for use by Creators to pay

for project placement and value-added services, and by Miners to update

their accounts to Miner Pro.

Any creator from anywhere in the world can place the project on

the platform by paying for it with BC. Actual prices are to be determined by the platform and subject to change. It is the payment for

making the project available to be supported by other people.

Premium placement: packages of value-added services aimed at promotion of the project (additional project views, access to

advanced analytical tools on the platform, project support by the marketing resources).

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Miners.

A unified currency for fundraising

Professional placement: in addition to services available in Premium

placement, this option provides a unique opportunity of personal

support by professional Boomstarter.Network employees.

For a significant number of people it’s not enough to have a simple Miner

account, so they will inevitably want more. Therefore, we introduce

additional features in the Miner Pro account, which provides users with a

different level of income (this includes the adjustment of the percentage

of mining for themselves, and the chance to receive the Top Miner

reward of the project). Access to the Miner Pro account is available with

payments in BC tokens. For a monthly fee, such users will receive additional

opportunities to increase their income on the platform.

It should be noted that for the convenience of Creators and Miners, the

possibility of paying with fiat currencies will be introduced, while the

automatic algorithm will convert them into cryptocurrencies.

All projects’ fundraising, as well as payments to authors, miners and

refunds to sponsors in the event of a project failure can be made with BoomstarterCoin (BC). At the same time, platform users will always have

the opportunity to exchange BC for other cryptocurrencies or fiat money

via partnering crypto-exchanges.

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Factors GeneratingDemand for the Token

3. Hundreds of thousands of people around the world are in search

of financing to create new products and realize their ideas: these

are potential project authors of Boomstarter.Network, ready to take

advantage of the new opportunities for crowdfunding.

1. Settlements within the platform are made with BoomstarterCoin

tokens (BC).

2. Boomstarter Coin (BC) will be the only way to access premium crowdfunding packagaes on Boomstarter.Network and the new

opportunitiesfor financing ideas that the service provides. Authors and

Miner Pro canaccess the platform’s functionality with the help of

BoomstarterCoin(BC).

4. Millions of owners of powerful computers will be able to support the

authors’ projects with the processing power of their equipment: they

are potential users of the Miner Pro account, which makes it possible to

receive 5% of a project’s total cryptocurrency mining pool.

5. Burning of the tokens: each year, 1,000,000 BC tokens will be burned

out of those received by the platform as payment for services. The tokens

will be burned in this way until the total number of tokens in

circulation reaches 30,000,000 BC tokens.

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SIMPLIFIED MODELAssumptions

Boomstarter Expense Growth

Optimistic 20,00%

Base 30,00%

Pessimistic 40,00%

Assumption on top of doubling of headcount anticipated by the management

Crowdfunding Market GrowthCurrent Value 7500 in MM

USD

2H2019 2020 YE 2021 YE 2022 YE 2023 YE 2024 YE Avg. CAGR

Optimistic 30,00% 26,00% 22,00% 18,00% 14,00% 10,00% 20,00%

Base 20,00% 17,60% 15,20% 12,80% 10,40% 8,00% 14,00%

Pessimistic 15,00% 13,20% 11,40% 9,60% 7,80% 6,00% 11,00%

2H2019 growth rate shows annualized Y-o-Y growth on 2018

Boomstarter Revenue Conversion

Optimistic 20,00%

Base 15,00%

Pessimistic 10,00%

Conversion numbers based on the real percentages shown in the past

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Market Share

2H2019 2020 YE 2021 YE 2022 YE 2023 YE 2024 YE Avg. CAGR

Optimistic 0,50% 1,50% 2,50% 3,50% 4,50% 5,50% 1,00%

Base 0,35% 1,18% 2,01% 2,84% 3,67% 4,50% 0,83%

Pessimistic 0,15% 0,82% 1,49% 2,16% 2,83% 3,50% 0,67%

Funds Raised in MM USD

Optimistic - Optimistic 48,75 141,75 228,75 309,75 384,75 453,75

Base - Base 31,50 104,08 173,66 240,26 303,88 364,50

Pessimistic - Pessimistic 12,94 69,62 124,49 177,55 228,81 278,25

Headcount & G&A expensesCurrent Value 0,30 in MM

USD

2H2019 2020 YE 2021 YE 2022 YE 2023 YE 2024 YE Avg. CAGR

As (%) of revenue initial 30% 32,50% 35,00% 37,50% 40,00% 35%

Management anticipates doubling of headcount and relative expenses by the

end of 2019

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Summary

Pessimistic scenarioCrowdfunding

Market GrowthBoomstarter

Network Market

Share

Boomstarter Revenue

Conversion

Boomstarter Expense Growth

Boomstarter Tax Rate

Boomstarter Interest

Rate

Avg. CAGR

11%

Avg. CAGR

0,00%

Value

10,0%

Value

40,0%

% of ebit

20,00%

% of rev

7,00%

2H2019 2020 YE 2021 YE 2022 YE 2023 YE 2024 YE

Revenue $905,6 $5 917,5 $12 449,0 $17 755,2 $22 880,6 $27 825,0

Expenses -1 245,6 -2 190,0 -6 349,7 -9 591,2 -13 170,7 -17 088,0

EBIT($) -340,0 3 727,6 6 099,2 8 164,0 9 709,8 10 737,0

EBIT(%) -37,5% 63,0% 49,0% 46,0% 42,4% 38,6%

Taxes 68,0 -745,5 -1 219,8 -1 632,8 -1 942,0 -2 147,4

Int. Exp. -63,4 -414,2 -871,4 -1 242,9 -1 601,6 -1 947,8

Net Income($) -335,37 2 567,83 4 007,94 5 288,38 6 166,22 6 641,88

NI Margin -37,03% 43,39% 32,20% 29,78% 26,95% -1 947,36

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Base scenario Crowdfunding

Market GrowthBoomstarter

Network Market

Share

Boomstarter Revenue

Conversion

Boomstarter Expense Growth

Boomstarter Tax Rate

Boomstarter Interest

Rate

Avg. CAGR

14%

Avg. CAGR

0,83%

Value

15,0%

Value

30,0%

% of ebit

20,00%

% of rev

7,00%

2H2019 2020 YE 2021 YE 2022 YE 2023 YE 2024 YE

Revenue $3 307,5 $13 269,7 $26 049,6 $36 039,6 $45 581,4 $54 675,0

Expenses -1 168,7 -3 482,9 -11 662,9 -17 252,0 -23 331,1 -44 940,5

EBIT($) 2 138,8 9 786,8 14 386,7 18 787,6 22 250,3 24 800,8

EBIT(%) 64,7% 73,8% 55,2% 52,1% 48,8% 45,4%

Taxes -427,8 -1 957,4 -2 877,3 -3 757,5 -4 450,1 -4 960,2

Int. Exp. -231,5 -928,9 -1 823,5 -2 522,8 -3 190,7 -3 827,3

Net Income($) 1 479,52 6 900,55 9 685,92 12 507,31 14 609,54 16 013,38

NI Margin 44,73% 52,00% 37,18% 34,70% 32,05% -3 826,80

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Optimistic scenarioCrowdfunding

Market GrowthBoomstarter

Network Market

Share

Boomstarter Revenue

Conversion

Boomstarter Expense Growth

Boomstarter Tax Rate

Boomstarter Interest

Rate

Avg. CAGR

20%

Avg. CAGR

1,00%

Value

20,0%

Value

20,0%

% of ebit

20,00%

% of rev

7,00%

2H2019 2020 YE 2021 YE 2022 YE 2023 YE 2024 YE

Revenue $6 825,0 $24 097,5 $45 750,0 $61 950,0 $76 950,0 $90 750,0

Expenses -1 091,8 -5 180,9 -18 470,8 -26 835,8 -35 689,4 -44 940,5

EBIT($) 5 733,2 18 916,6 27 279,2 35 114,2 41 260,6 45 809,5

EBIT(%) 84,0% 78,5% 59,6% 56,7% 53,6% 50,5%

Taxes -1 146,6 -3 783,3 -5 455,8 -7 022,8 -8 252,1 -9 161,9

Int. Exp. -477,8 -1 686,8 -3 202,5 -4 336,5 -5 386,5 -6 352,5

Net Income($) 4 108,81 13 446,46 18 620,83 23 754,82 27 621,98 30 295,13

NI Margin 60,20% 55,80% 40,70% 38,35% 35,90% 30 295,13

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FOUNDERSAND ADVISORSThe founders of Boomstarter Network platform have been developing crowd-funding not only in Russia, but also throughout the world since 2012. A pro-ductive alliance with advisers multiplies the capabilities of the team.

ADVISOR

Founder at InterVentures Asia. Paddy is the ’go to guy’ with a no-nonsense approach for tech startups and ventures. He is armed with vast experience in identifying startups from an idea to mentoring, funding, acquisition stage.

PADDY TAN

SHELBY TEEADVISOR

Head of Operations at InterVentures Asia, Shelby spear-heads a team of Business Analysts, providing manage-ment consulting and fundraising services both for boot-strapped startups and publicly listed companies. Shelby brings her expertise in business strategy, as well as in-depth knowledge of ICOs and ICO marketing.

ex-Vice President, Goldman Sachs. Over 7 years of experience in combining Wall Street finance and latest technology. Participated in the launch of several FinTech products, including Marcus & GS Select, as well as in the deal flow of the Asset-Backed Securities.

VLAS LEZINADVISOR

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John Mark Fitzpatrick is a cofounder and currently responsible for the Business development function at SLAVA Group advertising agency, a company founded in 2010. SLAVA Group creates TV and Digital campaigns for Google, Ferrero, PepsiCo, Renault and Lego.

JOHN FITZPATRICKMARKETING ADVISOR

Managing Consultant at Adelphi Executive Search & Recruitment

WILLIAM CHILCOTT

ANALYTICAL ADVISOR

Cryptoenthusiast since 2014. 9+ years in digital marketing.

MIKE BLACKWOODMARKETING ADVISOR

Angel Investor. Blockchain Advisor. Tech Events Curator.

SIVALEE ANANTACHART ADVISOR

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Blockhain enthusiast, security analyst and expert in crypto economy. 4+ years of experience in blockchain research and crypto trading. Specializes in advising and managing the ICO token-sales and providing efficient Marketing & PR support. Out of the work I dedicate my time to support the blockchain community by sharing the knowledge and experience I have acquired over the years.

PAVAN BHATAMBASSADOR

The member of Board of Directors of «Otkrytiye» bank, Nadiya was recognized one of the top-35 world’s successful women in 2007 by World Business Magazine

NADIA CHERKASOVAEARLY INVESTOR

Passionate in the belief that Blockchain, Cryptocurrency are essential and are the next generation technologies where very less population are aware off, Manages India’s biggest start up ideas channel, Worked as a primary crew member for International Blockchain Congress the masters of all blockchain event where it is co-hosted by the government.

NITHIN REDDYMARKETING ADVISOR

A passionate professional who has worked for both public listed and private sectors for over 18 years, spe-cialized in technology, finance and investment in-dustries. Focused mainly on strategic development, sales and marketing, operations management, built a track record of creating high growth for companies. Held influential leadership positions as regional head at the APAC management team to drive top line of the business, experienced in handling and achieving multi-million dollars size of transactions, setting direc-tion & strategy execution at the region.

AMY KRISTEN YUEN ADVISOR

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IVAN GOLENKOMARKETING CONSULTANT

EVGENY POPOVCONSULTANT

TEAM

The core team is made up of professionals who started working with crowdfund-ing back in 2012. Each of them understands the mechanics of crowdfunding deeply and knows what to do to bring the industry to a new level.

More than 15 years of marketing and international sales experience

EVGENY GAVRILINCO-FOUNDER, EARLY INVESTOR

RUSLAN TUGUSHEVCO-FOUNDER, EARLY INVESTOR

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Launched more than 1000 crowdfunding projects for more than 250 mil rub

MIKHAIL SVINUKHOVPROJECT MANAGER

Over 10 years of international experience in media and communications for projects in finance, technology and blockchain space.

COMMUNICATION DIRECTOR

Lead expert in crowdfunding technologies in Russia, more than 6 years of international fund raising experience

MARIA DOKSHINACHIEF EXECUTIVE OFFICER (СЕО)

Engaged in the development of international projects for more than 4 years.

NIKITA SHILENKOCBDO

For several years now, she has been handcrafting the design of blockchain projects and she is not getting tired.

LEYA KUZNETSOVAUX/UI DESIGNER

KIRILL MAKAEV

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ROADMAP

2012

AugustBoomstarter technological

crowdfunding platform launch in Russia

2015

SeptemberNumber of successful fundraising

projects reaches 1000

2016

AprilNumber of registered

platforms users exceeds 500,000

2017

November Market and solutions research for smart crowdfundin

2018

JanuaryDefinition of the concept

and technology of smart crowdfunding

February Start of WhitePaper creation

April Community formation around the project

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2019

January

March

December

February Architecture of smart contracts for token implementation on platform

Development of platform prototype; creation of design concepts.

Finalization of platform design and code development for MVP.

Platform features testing preapring to launch MVPApril

May Launch of MVP with core features. Development of advanced smart contracts.

Q2 2019 Development and launch of full-featured platform.

- Platform marketing. Promotion at events in Asia. Partnership program.- New ways to purchase Boomstarter Coin.

Q3 2019

Q4 2019

Finalization of interfaces and smart contracts development.

- Development of platform modules. Billing system in several cryptocurrencies.

user
Печатный текст
Product & Development - Integrated development, production measurement and optimization. - Platform features to help promote projects. - New payment options. - Integration with new fintech ecosystems (payment providers, wallets). Marketing & Promotion - Promotion with rounds of bounty programs. - Converting users of classical crowdfunding to use the crypto-based service. - Raising awareness at offline events. - Leveraging partnerships in Asia to ensure product adoption (including accelerators, local crowdfunding services) - Promotional activities for startups. - International community building.
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Legal NoticeThe purpose of this Whitepaper is to provide an information about

Boomstarter project to potential holders of BC tokens. The information

given herein is not exhaustive and it does not imply any contractual

obligations and may be considered only as the marketing information

about the project. This Whitepaper is intended to provide basic data

on the project to the potential token holders based on which it will be

possible to decide upon purchasing BC tokens.

Nothing herein may be interpreted as an investment quotation of any

kind. This quotation of BC tokens is not an offer to sell or buy securities in

any jurisdiction. This document does not offer purchasing BC tokens to

individuals and companies that do not possess sufficient legal capability

for participating in tokensale.

If you are not sure that you are entitled to participate in tokensale of BC

tokens, you need to apply to a professional legal, financial, tax or other

consultant.

Participation in tokensale is entirely voluntary. One shall review carefully

and accept the terms of the token sale agreement on the Boomstarter

tokensale project website. If you disagree with the terms partly or fully,

you should not participate in tokensale, and in case of your participation

with further disagreement Boomstarter will have to decline participation

in tokensale and in purchasing BC tokens.