Cryptocurrency ATM Ownership Programs

Transcription

1 Cryptocurrency ATM Ownership Programs Fractional Ownership Programs for Next-Generation Cryptocurrency ATMs. Trilliant lets everyone participate in the lucrative ATM business. WHITE Join the TRIL Token Sale and become part of our Cryptocurrency ATM network. PAPER Get Trilled by the Fractional Ownership business. Version: 1.4

2 TABLE OF CONTENTS 1. Business Idea Trilliant Fractional Ownership Program Mission 8 2. Trilliant Company Details Crypto Capital AG Switzerland The Trilliant Team Next-Generation Cryptocurrency ATMs Current Cryptocurrency ATM market ATM Production and USPs Legal Aspects Internal Exchange Solution Hardware Growth Pool Trilliant Fractional Ownership Program Operations and Profitability ATMs operated by Trilliant Fully sold ATMs Fractional ATM Ownership Units Ownership Unit Details Contractual Ownership Ownership Unit Packages Unit Pricing Unit Return Calculator Availability of Units Secondary Market for Units 29 2 Trilliant White Paper

3 4. The Trilliant TRIL Token Sale The TRIL Token TRIL Advantages Token Distribution Country Restrictions TRIL Token Sale TRIL Dates TRIL Details Contributions in Fiat Currency Token Sale Cooperation Token Sale Financial Milestones Trilliant Project and Token Sale Timeline 38 Trilliant White Paper 3

4 Business Idea Trilliant White Paper

5 Business Idea 1.0 Last year was a breakthrough for cryptocurrencies. Not just Bitcoin and alternative coins, such as Ethereum or Ripple, but also third-generation currencies, like EOS and IOTA, have found their way onto a variety of cryptocurrency exchanges. Despite crypto going mainstream, investors in a majority of countries are still finding it tricky to buy Bitcoin, and even more so Ethereum and other altcoins. If that is not enough, a vast majority of people that discovered Bitcoin in 2017 are yet to make their first purchase. One of the reasons for this is that buying Bitcoin, and other alternative cryptocurrencies, is still too complicated for a large proportion of the consumer market. Transferring money to an exchange, having to swap fiat currency into Bitcoin, and then switching again into an Altcoin is a time-consuming process that also involves fees at each point of trade. Buying Bitcoin with a broker can involve the same amount of fees, with potentially worse exchange rates, as well as the prospect of an equally time-consuming process. At the business end of the crypto market, profits achieved from operating a cryptocurrency ATM are considerably more stable, as they don t rely on a bullish market. Instead, a margin is gained on the total revenues of the processed transactions, freeing it from the grip of market fluctuations. Although volatility will be expected as a result of competition and the location of machines, the overall returns from each ATM are comparatively more promising than industry alternatives and will allow Trilliant to produce stable revenues. Cryptocurrency ATMs are a long-term business and, although machines can pay off in less than six months, they also boast a long lifespan. Cryptocurrency ATMs are usually placed at stores or in busy streets and give the industry great visibility - but many of the current machines use outdated technology. The vast majority of existing ATMs only allow for purchasing Bitcoin - not for selling. Most only operate in Bitcoin and are not capable of processing altcoin transactions. Many countries are currently considering creating their own state-backed cryptocurrency. This move would effectively legalize cryptocurrencies, and, for Trilliant, it doesn t matter if these coins are state-backed or decentralized. Once this happens, crypto ATMs need to be at every corner. With Trilliant being one of the initial market leaders, the potential for global ATM installations is far higher than our current goal. Once that happens, TRIL Trilliant White Paper 5

6 tokens will be in high demand as they are needed to purchase fractions of our ATMs and cover transactions fees. The Trilliant business model focuses on the production and operation of next-generation ATMs. Being able to react to trends and focus our efforts on regions where markets are most promising will make Trilliant one of the outstanding token sales of Manufacturing crypto hardware and setting up a network of cryptocurrency ATMs is a costly process. This is why Trilliant has decided to hold a token sale during the third quarter of Acquiring TRIL tokens during the Trilliant token sale will offer contributors a variety of advantages, which will be described in the following chapters of this whitepaper. 6 Trilliant White Paper

7 Trilliant Fractional Ownership Program 1.1 The Trilliant business model allows everyone - from experienced investors, to crypto rookies - to participate in the lucrative cryptocurrency market. Almost anyone can acquire partial ownership of one of the Trilliant ATMs and enjoy monthly profit shares from operation. We call this the Fractional Ownership Program. The Fractional Ownership Program is particularly interesting for those seeking a monthly payout with longevity. People looking for solid returns and anyone interested in partial or full ownership of their own cryptocurrency ATM will be able to enjoy the advantages of the cryptocurrency world. Trilliant will use the funds raised during the token sale to manufacture and operate newly-designed cryptocurrency ATMs that will include technological innovations that none of our competitors are yet to offer. Every single ATM is divided into Fractional Units that are made available for purchase on the Trilliant website. Future profits are invested in the production and acquisition of hardware, increasing the number of available Units over time and providing more returns available for distribution to the Unit s owners. On top of selling Fractional Ownership Units (FOUs), which allow you to enter into contracts for fractions of our trademark ATMs, Trilliant offers larger contributors the ability to purchase entire pieces of hardware. Trilliant will, in these cases, only provide the software and charge a 2% servicing fee - the buyer will need to manage the machine themselves. Fully sold ATMs still release a certain number of FOUs on the website, as of the 2% fee that trilliant charges the operator for the software, 1% will be forwarded to the Unit holder pool. FOUs can be purchased using TRIL tokens, and give their respective owners the right to own a contract for a fraction of operating profits from all units. It is important to mention that, while TRIL gives its owners priority and advantages, it is only considered a currency that can be used for the purchase of that Unit or for paying ATM fees. It must not be Trilliant White Paper 7

8 considered, or in any way represent, an ownership Unit itself. Details of the Fractional Ownership Program will be described in further detail over the course of this whitepaper. 1.2 Mission At Trilliant, we are cryptocurrency enthusiasts and have been collectively operating in this business for many years. We love blockchain technology and the social impact that cryptocurrencies are bringing to the world. This is why we have decided to design a token sale that gives everyone the chance to participate in our Trilliant Next-Generation ATM technology. The TRIL token holds great advantages, such as the possibility for you to cover a part of your ATM transaction fees, thereby making the process of purchasing and selling cryptocurrencies much cheaper. TRIL can also be used to buy Fractional Ownership Units from the Trilliant website. Every time Trilliant releases new FOUs to the market, TRIL token owners will enjoy discounts and priority access to our products. With an increasing number of ATMs in operation, TRIL will be continuously needed by everyone. Trilliant is also committed to burning TRIL that has been used to cover ATM transaction fees, decreasing the supply of TRIL. After the token sale, Trilliant will roll out the industrial design of our next-generation cryptocurrency ATMs. We expect the first Units to be shipped around the 4th quarter of Our ATMs will include game-changing new features, such as the option to purchase ICO tokens at the terminal. We aim to be as transparent as possible in terms of our ATM operations, with regular updates via our newsletters and social media. More on this topic can be found in the milestones sections in the last chapter of this whitepaper. Our goal is to have at least 500 ATMs in operation by 2019 and, with ATMs currently producing an average revenue of around $40,000 (USD), we intend to contribute 2% of each machine s total revenue to the ATM Fractional Ownership Unit owners. In the 8 Trilliant White Paper

9 long run, we want to make Trilliant s machines available at every corner and create more visibility for cryptocurrencies. Our strong network will help us to secure a steady revenue flow and diversify our risk. Our mission is to develop a token that takes the highly profitable cryptocurrency ATM business and gives a slice to the everyday person. Trilliant offers a fair and transparent cost structure, fully serviced ATMs and very attractive monthly payouts for every Unit owner and Trilliant business partner. Trilliant White Paper 9

10 Trilliant Company Details Trilliant White Paper

11 Trilliant Company Details 2.0 The following section will explain how the Trilliant operation is currently set up, and how our team is able to dedicate our efforts to the Trilliant cryptocurrency ATM business. Crypto Capital AG Switzerland 2.1 Crypto Capital AG, the company behind Trilliant, is based in Switzerland. Operations will be conducted and supervised out of Zurich, where the close proximity to Zug and Crypto Valley will help us push the company to the highest levels. Switzerland is also one of the most favourable jurisdictions in the world in regards to operating cryptocurrency ATMs and is considered very cryptocurrency-friendly. Trilliant White Paper 11

12 2.2 The Trilliant Team Sebastian Korbach Founder & CEO Younes Kalakhi CTO Andrei Zernov COO Frank Bonnett Advisor Ori Levi Advisor Jamie Lewis Advisor More on the Trilliant Team and regular updates are found on our website at Here we are 12 Trilliant White Paper

13 Next-Generation Cryptocurrency ATMs 2.3 Trilliant is working closely with one of the largest manufacturers of banking ATMs in the world, who we will be announcing in due course. Our vast understanding of the market and the option to use modular ATMs allows us to market our machines much faster than our competitors. An existing plant also allows us to produce them in higher quantities. Trilliant s ATMs will offer state-of-the-art technology and include features that have not yet been seen in any ATMs that are currently on the market, such as the ability to participate in ongoing ICOs via the terminal. While these machines are designed and manufactured by a partner, Trilliant will be the operator of the vast majority of these ATMs and intends to create a separate, worldwide network of fully-owned ATMs, which is an option available to larger contributors during the token sale period. Current Cryptocurrency ATM Market There are less than 3,500 dedicated cryptocurrency ATMs in the world, of which roughly 40% are able to process altcoins such as Ethereum, Litecoin, or EOS. Only around 30% of the existing ATMs allow users to sell Bitcoin (two-way), while most of the machines are only offering the purchase of coins (one-way). There are an estimated 40,000 fiat PoS terminals that allow the option of purchasing Bitcoin, but are restricted to one-way sales and a lack of options in terms of both tokens and transactions. On a worldwide level, there are currently 3 large Bitcoin ATM producers. By far the largest producer is Genesis Coin, out of San Diego, USA, which has manufactured about 800 Bitcoin ATMs to this date. The second largest producer is Czech Republic-based General Bytes that has produced around 700 machines so far, of which most can be considered Trilliant White Paper 13

14 small. Third in line is Lamassu, which is said to have sold about 300 ATMs, all of which are also small-sized. Besides those three large producers, there are currently only a few garage-built prototypes and some smaller producers in Asia. At this moment, Lamassu are updating some of their machines to trade Ethereum but, even then, Altcoin trading is rarely available and the majority are cash-in machines only. The future of ATMs that serve cryptocurrency users becomes increasingly bright as the likelihood of state-backed coins in major western countries improves ATM Production and USPs Trilliant s current plan is to have at least 500 ATMs manufactured and in operation at the end of Depending on the success of the token sale, Trilliant plans to start with an initial production of at least 50 Units, which should be up and running by the end of Q With growing revenues from the operational ATM business, the company will produce more machines, thereby exponentially increasing the demand for the TRIL tokens. As the token can be used to cover a part of the transaction fees charged at our machines and is needed to purchase Units of our Cryptocurrency ATM Ownership Program, increasing demand for TRIL will go hand-in-hand with a growing number of machines and the success of the Trilliant business. All machines feature a few unique selling points, which the existing ATM producers do not offer. Some of the outstanding characteristics of the Trilliant models is the standard feature of two-way money handling, meaning that all of our machines do have both a pay-in as well as a payout option for fiat currencies. In terms of software integration, Trilliant will be implementing access to ICOs directly at the ATM. Once Trilliant features a particular ongoing ICO, TRIL token-holders will be able to purchase these ICO tokens via the ATM. Users will be able to use TRIL tokens to pay 14 Trilliant White Paper

15 for the necessary fees during these operations. A cash-out solution via smartphone app lets token-holders cash out from Bitcoin right at our ATMs, without having to wait for the current 10-minute block interval. Right after our TRIL token sale is concluded, we will start connecting some of the larger cryptocurrency exchanges to our system so that users will be able to purchase a variety of Altcoins, such as Litecoin, Dash, EOS, and Dogecoin. These coins will be available at the ATM without having to convert to Bitcoin first.the number of available Altcoins will increase almost as soon as we start operating our first machines. Once Trilliant has set up its own exchange, this will allow us to reduce transaction costs and increase profitability, making the Trilliant Fractional Ownership Units even more attractive. Model and Hardware Components Trilliant plans to manufacture an ATM model under the name Trilliant KTM. Cryptocurrency ATMs are more sophisticated than usual standard Units. While both need a fiat money payout option, Trilliant ATMs also need to feature a pay-in module. All machines will have a thermoprinter, in order to print paper wallets and receipts, and a mini-scanner compatible with paper wallet QR-codes and mobile phone screens. State-of-the-art touchscreens and a card reader, plus pinpad, allow for cryptocurrency purchases via debit or credit card. A front camera allows for advanced KYC, as well as other security measures. Trilliant White Paper 15

16 Software Functionalities The backend software needed to operate Trilliant machines will be developed by our IT team and will be among the most advanced in the industry. Allowing for the purchase of various Altcoins, we plan to adapt our software in a way so that we could later use it with conventional ATMs which will allow us to offer a cryptocurrency buying solution at any current ATM. As the core of our ATM business is the purchase and sale of cryptocurrencies, our ATM software needs to be able to perform the following tasks: Purchase and sale of Bitcoin and other cryptocurrencies Connecting with APIs from various exchanges, including our own Creation of fresh (paper) wallets Scanning of wallet addresses and QR codes Pre-trading participation in ICOs and token sales Immediate payouts without having to wait for block confirmation Smartphone app integration Multi-currency / multi-language frontend Legal Aspects The operation of ATMs is a business that is regulated in almost every country in the world. However, legal requirements vary significantly between countries, sometimes even within regions. Trilliant is cooperating with international law firms in order to develop a global ATM network and comply with local legal requirements. In a number of countries cryptocurrency ATMs, similar to exchanges, require identity verification, commonly known as KYC (Know Your Customer). Partnering with Yoti, one of the largest UK-based KYC-service companies, Trilliant will be operating a software solution that allows us to facilitate this registration process, thereby decreasing transaction times and costs. 16 Trilliant White Paper

17 Initially, Trilliant will focus its ATM business on those countries that promise the highest potential returns and offer the most favourable local licensing requirements. Once operations in these countries are established, Trilliant will continue to add further countries to our global ATM network. Internal Exchange Solution 2.4 Depending on the success of our token sale (see chapter 4 of this whitepaper) Trilliant will immediately start the implementation of an in-house Trilliant cryptocurrency exchange, in an effort to drastically lower our operating costs. During the opening months, Trilliant will connect all machines to existing exchanges, which means that these exchanges will charge small fees for every transaction performed on one of our ATMs. Once an in-house cryptocurrency exchange is in place, it will help us to administer our machines more easily and contribute to the operation of our active ATMs. Overall, the lower transaction costs will increase our company growth and make it possible for us to add more machines to our operation and make further Units available to token holders. Those clients who have already purchased Fractional Ownership Units via our website will be able to enjoy higher returns. Our cryptocurrency exchange will, in the future, also be used to provide other services involving cryptocurrencies, such as a Trilliant Payment Card. The exchange will also help us to offer further currency pairs at the ATMs faster and much easier. Trilliant White Paper 17

18 18 Trilliant White Paper

19 Hardware Growth Pool Contributions 2.5 The hardware growth pool is not to be confused with the Trilliant ATM Fractional Ownership Program, which is described in Chapter 3. The hardware growth pool will be fed by part of the profits made by Trilliant s operations in the ATM business. The pool will then reinvest these funds in order to produce further ATMs. Trilliant will contribute around 0,5% of the transaction fees generated at our ATMs to this growth pool. This will give Trilliant the opportunity to accelerate growth and increase profitability even faster. Considering that all TRIL tokens which are used to pay transaction fees at our ATMs will be burned, we believe that, by decreasing the supply and increasing demand, TRIL will become one of the most interesting tokens in the industry. Trilliant White Paper 19

20 Trilliant Fractional Ownership Program Trilliant White Paper

21 Trilliant Fractional Ownership Program 3.0 While Trilliant is installing an extensive network of next-generation cryptocurrency ATMs, we intend to start offering an attractive Fractional Ownership Program for our operational ATMs. While these ATMs will generate a steady revenue flow and produce profits immediately, they will be split into ownership fractions (Units). Each Unit will represent a corresponding share of the average income of all of our machines. In regards to our ATM operations, we have determined the average distributable revenues per machine at 2%. Considering these assumptions and current market averages, the expected returns for each Fractional Ownership Unit sums up to around 8% per month. ATMs operated entirely by external parties will only release half the amount of Units and therefore only contribute 1% to the Fractional Ownership Program. Units can be either purchased with fiat currency or TRIL tokens, while token holders will have absolute priority and enjoy great rebates on our package deals. Trilliant White Paper 21

22 3.1 Operations and ATM Profitability The following paragraphs will demonstrate the profitability of the ATM business. It will further explain the mechanism of the Fractional Ownership Units and its expected profitability. Up-to-date estimated averages of cryptocurrency ATMs are available at ATMs operated by Trilliant Historical data shows that, on average, cryptocurrency ATMs generate a revenue of $40,000 USD per month, of which usually a fee between 5% and 10% is charged by the operator. Trilliant intends to pay out approximately 2% of the generated transaction fees to Fractional Ownership Unit owners, which will amount to around $800 USD per ATM. Assuming one ATM will be accounted for in the program for a purchasing price of around $10,000 USD, every machine should produce a monthly return of 8% on the investment. The following table shows the values that each ATM is estimated to pay out to Fractional Ownership Unit owners every month, as well as the revenue share that will be invested in further equipment (about 0,5% for growth): Number of active ATMs Machine Purchasing Price 10,000 10, ,000 1,000,000 2,000,000 3,500,000 5,000,000 Expected Monthly Revenue 40,000 40,000 2,000,000 4,000,000 8,000,000 14,000,000 20,000,000 2% Transaction Fee 2.00% ,000 80, , , ,000 1% Retained for Growth 1.00% ,000 40,000 80, , ,000 Return on Investment (monthly) 8.00% 8.00% 8.00% 8.00% 8.00% 8.00% Please note that the expected monthly revenues and transaction fees are based on market averages. 22 Trilliant White Paper

23 Of the 7% transaction fee, 2% of active ATM revenues will be paid out to Unit owners, while 0,5% of the monthly revenues will be put aside to invest in further equipment. In real numbers, this means that with one active ATM that generates around $40,000 USD revenue, $800 USD will be paid out, while $200 USD will be used to produce further ATMs. One ATM on average will cost $10,000 USD, meaning that a payout of $800 USD per Unit owners gives them a monthly return of 8% on investment. Costs and expenses produced by the ATMs, as well as cash management services, will be paid for by Trilliant with the remaining transaction fees. Many locations produce more than the estimated $40,000 USD in revenue per month, these numbers could, in fact, be much higher. The following shows monthly expected returns in a scenario where ATMs produce revenues of $60,000 USD and $80,000 USD, respectively. Number of active ATMs Machine Purchasing Price 10,000 10, ,000 1,000,000 2,000,000 3,500,000 5,000,000 Expected Monthly Revenue 60,000 60,000 3,000,000 6,000,000 12,000,000 21,000,000 30,000,000 2% Transaction Fee 2.00% 1,200 60, , , , ,000 1% Retained for Growth 1.00% ,000 60, , , ,000 Return on Investment (monthly) 12.00% 12.00% 12.00% 12.00% 12.00% 12.00% Number of active ATMs Machine Purchasing Price 10,000 10, ,000 1,000,000 2,000,000 3,500,000 5,000,000 Expected Monthly Revenue 80,000 80,000 4,000,000 8,000,000 16,000,000 28,000,000 40,000,000 2% Transaction Fee 2.00% 1,600 80, , , , ,000 1% Retained for Growth 1.00% ,000 80, , , ,000 Return on Investment (monthly) 16.00% 16.00% 16.00% 16.00% 16.00% 16.00% Trilliant White Paper 23

24 3.1.2 Fully sold ATMs Trilliant offers clients the opportunity to own entire ATMs - which comes with a number of unique advantages. To be eligible for our Full Ownership Program, each client must contribute a minimum of 100 ETH during the Trilliant token sale. At any point after the token sale, these contributors can contact the Trilliant team at any time to purchase up to 5 ATMs. Trilliant will be contracted to deal with software and backend handling, while the full owner will be entirely responsible for maintenance, servicing and legal costs. It is plausible that Trilliant will be able to offer a maintenance service to the owners of these ATMs, however, it depends largely on the chosen location. Trilliant will charge 2% for handling software and backend services as a flat fee. For every fully sold ATM, we will also release half the number of Fractional Ownership Units, compared to internally serviced ATMs. These Units will be sold on our website immediately after the sale, just like for any other machine. Of our 2% charge, we will then forward half of it (1%) to the Unit pool. This will allow us to ensure we have a refreshed pool to keep up with demand. There will only be a limited number of ATMs available under the Full Ownership Program, so as not to slow down wider-scale production. The largest token sale contributors will be receiving priority. Subsequently, full ownership will be unavailable to any individuals or companies, at any time, that do not contribute the minimum 100 ETH during the Trilliant token sale. 24 Trilliant White Paper

25 Fractional ATM Ownership Units 3.2 The previous chapters have already mentioned the Trilliant Fractional Ownership Program and explained how ATM operations contribute to the payout scheme of the Unit model. The following paragraphs will explain in more detail the exact mechanism and profitability of the Fractional Ownership Program and how contributors and token sale supporters can acquire these Units. Ownership Unit Details Trilliant operates a network of cryptocurrency ATMs, of which the company sells Fractional and Full Ownership Units to its clients. In the long run, the company aims to operate at least 500 cryptocurrency ATMs until the end of In order to estimate the returns of each Unit, Trilliant makes the following assumptions: each ATM will be accounted for at their estimated purchasing price (including installation and setup) of $10,000 USD. All ATMs will be divided into Fractional Ownership Units, which will have an initial price of $100 USD, meaning that each ATM will consist of 100 Units. As depicted in the Trilliant project milestones at the end of this whitepaper, the exact number of ATMs operated by Trilliant after the token sale is determined by the success of the TRIL token sale. Assuming that the company will be able to raise $7.5 million USD, the initial production of ATMs will be approximately 200 Units. This means that the initial number of Fractional Ownership Units available will be a total of 20,000 Units. (200 ATMs * 100). The more funds the company can raise during the token sale, the more hardware and, subsequently, Units will be initially available. Over time, Trilliant will invest part of the profits into the production of further ATMs, meaning that the number of Units available on the Trilliant website will continue to increase. Trilliant White Paper 25

26 More on this topic in Chapter 2.5. It is important to note that revenues from all Units will be distributed amongst the pool of Unit holders. It is not possible to own a fraction of a specific Unit in a specific location Contractual Ownership Fractional Ownership Units will be available on the Trilliant website. Units will be available for everyone on a first-come-first-serve basis and can be paid for in fiat currency or by using TRIL tokens acquired during the token sale. Purchases with TRIL tokens will always enjoy priority and will be exempt from any purchasing fees that may be charged when purchasing with fiat currencies. The Units themselves will be sold outside the blockchain via Fractional Ownership contracts, meaning that customers will have to register before purchasing Units and undergo KYC checks. The Fractional Ownership Units are in fact a type of profit sharing agreements, which are also very common in other industries Ownership Unit Packages Depending entirely on the total funds raised during the token sale, a certain number of Units will be available during the initial sales phase. These Units will be sold on the website in different packages, meaning that some packages will only contain one or very few Units, while others are adequate for larger contributors and contain various Units. The exact mix of package sizes depends on the number of total Units available during each sales phase and will be announced prior to the end of the sale. 26 Trilliant White Paper

27 Unit Pricing The initial price of each Unit will be $100 USD. Depending on market prices of the TRIL token, these prices may vary over time and can make Units either cheaper or more expensive. The exact price per Unit will be announced prior to each sales phase. Unit Return Calculator In order to calculate approximate returns for each of the Fractional Ownership Units, Trilliant is using the assumptions made in the previous chapters of this whitepaper. For our calculations, each ATM generates a revenue of $40,000 USD, and pays out 2% of this revenue to the Fractional Ownership Unit owners. At a price of $10,000 USD per ATM, the monthly return per Unit would be 8%. Number of active ATMs Expected Monthly Revenue 40,000 2,000,000 4,000,000 10,000,000 20,000,000 2% Transaction Fee 2% 40,000 80, , ,000 Monthly Return on Investment 8.00% 8.00% 8.00% 8.00% 8.00% We believe that as Bitcoin prices increase, the demand for ATM services will be much higher than the historical average, so the monthly return per Unit should increase over time. According to geographical profitability, Trilliant will actively manage the release of new ATMs, in order to find the perfect mix of locations at any given time and ensure maximum profitability for the pool. Increasing monthly profitability per Unit will make these Units more valuable over time and drive demand for our Trilliant Fractional Ownership Program. Trilliant White Paper 27

28 3.2.6 Availability of Units Trilliant Fractional Ownership Units will be available for purchase on our website. The first Unit packages will be released as soon as the initial round of hardware goes into operation. The exact number of Units available during this initial sales phase depends on the total amount of funds raised during the TRIL token sale. Fractional Ownership Units will be available in various package sizes, and availability will be announced on our channels prior to their release. Once online, Units are sold on a first-come-first-serve basis, similar to music concert tickets. Larger packages of Units will be available at discounts, meaning that a larger number of TRIL token holdings not only gives easier access but also better purchasing rates. Token holders wanting to purchase Fractional Ownership Units using their TRIL tokens will receive priority over those clients paying with fiat money. At the same time, purchasing Units with TRIL tokens will also be exempt from fees which may be charged when paying with fiat currencies. All Fractional Ownership Units are in fact partial profit sharing agreements for each ATM hardware. Every future ATM will also be divided into virtual Units and then sold via the Trilliant website. There is no fixed number for each new Unit release phase, as the exact number of further Units will depend on the amount of new hardware being released. 28 Trilliant White Paper

29 Secondary Market for Units Once the first Fractional Ownership Units are available on the Trilliant website, the company will help to initiate a marketplace for the peer-to-peer trading of Unit contracts. More details on this secondary market for Units will be announced on our website. Trilliant White Paper 29

30 The Trilliant TRIL Token Sale Trilliant White Paper

31 The Trilliant TRIL Token Sale 4.0 Trilliant s token sale will be held during the third quarter of The token sale will start with a Presale that will continue for 30 days and, during which, earlybird supporters will be able to enjoy a number of advantages and bonuses, which will be announced shortly on our website. Those intending to purchase one or more ATMs, in their entirety, need to contribute at least 100 ETH to be eligible. Those looking to contribute particularly large amounts are asked to contact us via the website. The Presale will be followed by the Trilliant Main Sale, which will last for around 2 weeks. The exact dates of both Presale and Main Sale can be found on our website at The TRIL Token 4.1 The TRIL token is an ERC20 Smart Contract, with an address to be released once the Presale goes live. Depending on the outcome of the token sale and the bonuses granted during the Presale, the theoretical maximum amount of TRIL tokens that could be created during the token sale is around 48 million, while we expect the final amount of outstanding TRIL tokens, once the hardcap is reached, to be somewhere around 35 to 40 million. TRIL tokens will be available to trade at a number of exchanges as soon as the Trilliant token sale concludes. Trilliant White Paper 31

32 4.1.1 TRIL Advantages TRIL offers two main advantages. On one hand, anyone can use TRIL to cover parts of the transaction fee that Trilliant will charge at one of our ATMs. This allows TRIL token sale contributors to enjoy a great advantage, as it reduces these fees. On the other hand, each TRIL spent during one of these transactions will be burned, subsequently reducing the overall supply of TRIL. With an increasing number of ATMs operating and generating profits, demand for TRIL will also rise. Trilliant sells ownership Units in the form of physical contracts on its website, which grant buyers a profit share of the ATMs operated by the company. The Units will initially have a fixed price of $100 USD. Units can either be purchased with TRIL tokens, or with fiat currency. Using TRIL tokens to purchase Units will make users exempt from any fees and customers using this payment method will enjoy absolute priority over those choosing to pay with fiat. As the number of operating ATMs increases, more Units will be available for sale, meaning that the demand of TRIL will continue. We will look to introduce community features and bonus items, such as the ability to vote on future ATM locations. 32 Trilliant White Paper

33 Token Distribution The maximum amount of TRIL tokens is equivalent to the token sale hardcap of $20 million USD, at which point the Smart Contract will no longer convert new contributions into TRIL. On top of tokens sold, the following number of tokens will be created for management, advisors, and bounties immediately after the conclusion of the token sale. Once these tokens are created, there will be no further TRIL. Tokens Created: Allocated to: 78% TRIL Token Sale 8% Management and Founders* 7% Corporate Reserve 4% Advisors 1% Airdrop 1% Wings.ai (to be distributed in network) 1% DCorp.it *Management and Founder tokens are restricted and will be vested over a period of 12 months, thereby releasing 25% of the amount at the end of every 90 days. Country Restrictions The TRIL token is defined as a currency token. It is therefore available to people in most countries. Citizens from the following countries are not allowed to participate in the Trilliant token sale: People s Republic of China, Socialist Republic of Vietnam, United States of America, or any resident of a country where American embargoes and sanctions are in force, namely Iran, North Korea, Syria, Sudan, and Cuba. Trilliant White Paper 33

34 4.2 TRIL Token Sale The following paragraph gives a quick overview on the key dates of the TRIL token sale TRIL Dates The TRIL Public Presale, which will last for around 30 days, as well as the Public Main Sale which is following the Presale and will last for around 2 weeks, will take place in Q3, The exact dates will be announced shortly on our website at The TRIL token will be transferable shortly after the conclusion of the Main Sale. 34 Trilliant White Paper

35 TRIL Details The TRIL token sale will have a hard cap of $20 million USD, equating to approximately 30 to 40 million TRIL tokens. The token sale minimum cap is at $1.5 million USD, but in case the minimum cap is not raised during the Presale, the minimum funding will be attained during the Main Sale. TRIL Token Sale Details: Token Sale Minimum Cap Token Sale Hardcap TRIL Token Price $1,500,000 USD $20,000,000 USD 800 / 1 ETH The price of the TRIL token during the Presale and Main Sale is 800 per 1 ETH. However, certain bonuses are offered during the TRIL token sale. According to the contribution stage in which TRIL are purchased, contributors are eligible for attractive bonuses. The exact bonuses according to the respective contribution stages will be available shortly on our website at All ETH will be stored in a multi-signature wallet and will be escrowed under the custody of Swiss lawyers. Trilliant White Paper 35

36 4.2.3 Contributions in Fiat Currency Trilliant will be offering accredited contributors the chance to invest using fiat currency. Fiat currencies received by Trilliant will immediately be converted into ETH and sent to the TRIL Smart Contract. Created TRIL tokens will then be credited to the respective fiat contributors TRIL token wallet. Should you be interested in contributing to the TRIL token sale with fiat currencies, please contact our team through the website Token Sale Cooperations Trilliant is happy to cooperate with some of the most renowned professionals of the cryptocurrency world during and after the TRIL token sale. DCorp.it is one of many advisors to the project and will help to market the TRIL token within their network. They have concluded a successful token sale themselves, raising over $5 million USD in Also advising during the Trilliant token sale is the cryptocurrency forecasting company Wings.ai, who will be presenting the TRIL token to their large network of contributors. Gladius.io, who have recently concluded a coin offering to the value of more than $12.5 million USD is advising on our token sale with the know-how gained during their crowdfunding campaign. 36 Trilliant White Paper

37 Trilliant Token Sale Financial Milestones 4.3 Raised During Token Sale (USD): Project Milestone: <2,500,000 Start of ATM industrial design process and setup of legal framework for operating up to 40 ATMs initially. >2,500,000 Initial Production of at least 65 Trilliant Cryptocurrency ATMs and begin development of internal exchange solution. >7,500,000 Cooperation with existing payment service license holders to operate ATMs all over Europe. Up to 200 ATMs during initial production. >12,500,000 Initial production of approximately 375 cryptocurrency ATMs and setup of pan-european ATM network. >17,500,000 Trilliant will produce more than 500 cryptocurrency ATMs and expand into Latin America, Asia and Africa. Trilliant White Paper 37

38 4.4 Trilliant Project and Token Sale Timeline Q3, 2018 TRIL Presale Q3, 2018 Trading start Q4, 2018 Pre-Registration Q4, 2018 First Ownership Units Q3, 2018 TRIL Main Sale Q3, 2018 Start of Design Q4, 2018 Production Start Q1, 2019 Operation of Trilliant ATM Network 38 Trilliant White Paper

39 CONTACT E : contact@trilliant.io I :