FUNDIN WHITEPAPER FUNDIN

Transcription

1 THE DECENRALIZED CROWDG PLATFORM

2 2 REVOLUTIONIZING THE WAY CROWDG PLATFORMS OPERATE. : THE DECENRALIZED CROWDG PLATFORM

3 Table of Contents ABSTRACT 5 MISSION 7 MARKET OVERVIEW 8 MARKET DEFINITION & FACTS PROBLEM 10 BACKERS INSECURITY DUE TO PAYMENT MECHANISM RESTRICTIONS INTERNATIONAL BARRIERS PAYMENT SYSTEM AUTONOMY AND CENTRALIZATION LACK OF GLOBAL REACH SOLUTION: BLOCKCHAIN TECHNOLOGY 12 WHAT IS BLOCKCHAIN? BLOCKCHAIN BASED PLATFORM PLATFORM SAFETY DEPOSITS FOR LISTING NEW CAMPAIGNS BACKER S SECURITY HOW PLATFORM WORKS 15 WHAT IS MASTERNODE? ROLE OF MASTERNODE IN PLATFORM MULTI-SIGNATURE WALLET OP_CHECKLOCKTIMEVERIFY

4 4 Table of Contents HOW PLATFORM OPERATES FOR START-UPS 18 COIN SALE 19 PRE-MINING PRIVATE PLACEMENT PRIVATE PLACEMENT DETAILS COIN SPECIFICATIONS 20 EXCHANGES 21 USE OF FUNDS 21 LEGAL OBLIGATION AND STATUS 21 FDN COINS LEGAL DISCLAIMER ROADMAP 22 CONTACT US 23 LIST OF ANNEXES 24 ANNEX 1 ANNEX 2 ANNEX 3 TERMS AND DEFINITIONS ABBREVIATIONS USED IN THE WHITE PAPER OFFICIAL COMMUNITY LINKS

5 ABSTRACT Fundin is a blockchain based crowdfunding platform which serves more as a mechanism where backers can get involved in low-risk support of new startups as well as ventures. Fundin as a global platform makes it easier to fund-raise required capital and donations connecting the needy with the giver. The improvement and acceptance of decentralized technology has propelled and incited dynamic entrepreneurs to find the best alternatives and prospects of materializing their ideas. Fundin offers solutions to many common problems like usage and expenses with easier accessibility and transparency. Unlike traditional crowdfunding platforms, Fundin gives the public access to startups and entrepreneurial individual or enterprises with easy access to equity. Fundin encourages investing from all over the world and is against the tradition of heavy fees and/or legal restrictions while receiving funds. Lack of transparency in business has caused a lot of crowdfunding campaign go wrong. Fundin is analytical and problem solving to the shortcomings of platforms -raising and spending funds with no proof of concept to begin with.

6 6 Zerocoin Protocol Use of blockchain and integration of pre-activated Zerocoin protocol from PIVX Ensures the privacy and security of data along with achievability of transparent and controlled transactions between creators and backers. On top of that, the implementation of various algorithms like BIP 65 enables creating simple smart contracts related to disbursements of funds to the creators that allows backers to create multi-signature wallet and also hold the transaction until some point of time. Masternode Governance Masternode Governance algorithm on the other hand is implemented as a voting system to determine the projects core utility and future aspects which allows backers to reach the missed potential ideas by those creators with the help of Masternode votes from the Fundin community. After reviewing projects thoroughly backers will then be able to take informed decisions because of the votes from Masternodes. The essence and upshot of this is that creators and backers can easily select the projects with high votes from such DAO which is truly decentralized where members with different views and expertise come together ensuring the project s viability. Fundin helps startups and entrepreneurs to materialize their ideas without giving up decision making power to the venture capitalist as like in the past. Potential, Innovative, creative, and those projects supporting human welfare indifferent to the categories, if not backed by backers will be funded by Fundin Project with accumulated Masternode rewards of Core Team from the beginning with the consensus from DAO. Introduction to FDN A cryptocurrency called FDN will be used to facilitate crowdfunding process in platform enabling the blockchain features. FDN is introduced to maintain uniformity of transaction within Fundin platform between members of crowdfunding ecosystem and Fundin platform. FDN coins will be the transaction unit for investment by backers whose value will be determined as per the market until we are able to confirm the possibility of atomic swap. All projects fundraising will be performed and all settlements within Fundin ecosystem will be done in FDN coins. Total coin supply on PoW phase is ~41 million FDN and infinite in terms of PoS phase which is estimated to be equivalent to 500 million FDN in 100 years. The term for private placement will last until we reach soft-cap from the date of announcement with entitlement of 10% bonus on week one and 5% on week two &three and 2.5 % for the remaining period. For private placement, per FDN coin s price has been determined at $0.10. These will be traded on various exchanges after completion of private placement and finalization of listing process with exchanges. Fundin blockchain has been built and designed with integration of the best tools offered by the blockchain technology. Shortcomings of current internet-based platforms are tackled by Fundin. Fundin platform, not only mitigate the risk of loss to the backers but supports creators by bridging their funding gap. It will be a platform wherein creative ideas are respected and innovations are admired.

7 MISSION Fundin s purpose is to make it accessible and convenient for deserved ones to start a project or purposeful enterprise. Our general Mission and Purpose To make crowdfunding less risky and cost effective. To bridge the gap between the start-ups seeking for fund and backers ready to invest confidently without middlemen. To make crowdfunding more secure, transparent and effective with the use of Blockchain Technology. Fundin s purpose is to make it accessible and convenient for deserved ones to start a project or purposeful enterprise. Fundin is an extra pair of hands that will help to materialize ideas in the form of products or services. Fundin provides a platform for creators to showcase their skills and talents without having them compromised. Many creators and entrepreneurs in developing countries with groundbreaking projects are deprived from raising the required seed funds to start the projects because of lack of exposure and accessibility to current platforms. Along with this subsiding issue, predominance of mediators looking for a share of the pie has made it even painful and challenging. Such involvement of intermediators has induced and provoked the transactions to be much more time and money consuming. On the other hand, it has heightened the risk of scams, manipulations and frauds. The desirable and potential solution to this problem is blockchain technology that enables collaboration without central authorities and middle men, as decentralized and distributed database is capable of replacing all the agents and middlemen. Fundin, being a platform on blockchain with the implementation of BIP 65 and Masternode governance, is built in with the concept of decentralization and voting that enables backers to easily select the projects with high votes from the Fundin community.

8 8 MARKET OVERVIEW Market definition and facts We are on a consensus that development of crowdfunding market on the internet was started a decade back. has outlined the growth and highlighted the prospect and growth of crowdfunding worldwide. The value of fund raised through crowdfunding worldwide was US$ m in 2014, US$762.52m in 2015 and US$ 738.9m in 2016 respectively which shows a growing trend. Transaction Value in the Crowdfunding segment amounts to US$9,342m in Transaction Value is expected to show an annual growth rate (CAGR ) of 28.8% resulting in the total amount of US$25,750.2m by The average Funding per campaign in the Crowdfunding segment amounts to US$1,062 in From a global comparison perspective, it is shown that the highest transaction value is reached in China (US$7,463m in 2018).

9 To be precise on fund raised within the blockchain tech-industry back in 2013, there were only 2 ICOs with $800,000 raised. In the first 5 months of 2018, a total of 537 ICOs with a volume of $13.7 billion have been closed. (incryptico.com) Similarly, as per icorating.com, 412 ICOs were staged in Q1 of 2018 and 204 out of them have raised more than $100,000. Similarly, as per a report published by crypto valley (cryptovalley.swiss) after ICOs went through a hype cycle in 2017, they are becoming more mature and established in These are the illustrations of the market and the opportunity of crowdfunding. The opportunity will even skyrocket if the issues pertaining to the current scenario can be solved. To present the verdict in clear tone, blockchain based crowdfunding opportunity will be of higher demand because of its problem- solving measures. But there are still constraints in the ecosystem despite lot of updates and modifications going on. Still stories of disadvantaged entrepreneurs with no access to prevailing crowdfunding opportunities are spreading out. Instances of backers even with experience in financial market suffering loss is ruling the internet. Nothing but blockchain based crowdfunding platform will ensure the wellbeing of both backers and creators.

10 10 PROBLEM Trust has always been an issue when crowdfunding is voiced. Backers are not being assured of their investment and are not confident on creators. The tendency of creators receiving fund irrespective of project s accomplishment had even jeopardized creators credibility. But apart from the issues of trust it would be worth concerning other shortcomings of crowdfunding, be it traditional Venture capitalists crowdfunding, internet-based crowdfunding or some of the prevailing ICO crowdfunding. Backers insecurity due to payment mechanism It is obvious that if fee is disbursed or payment is apportioned before project is accomplished, inclination and determination towards the project will downturn. Most of the crowdfunding platforms pays off the creator upfront, once the fundraising is concluded which makes it easier for them to collect their cut in full. Some of the instances of failed projects funded by internet crowdfunding are: Project Total Fund Raised (USD) Platform ibackpack(2015) $720,000 + Indiegogo CST-01 (2013) $1,000,000 + Kickstarter Elio Motors Scooter (2014) $17,000,000 + Casual Investors Skarp Laser Razor $4,500,000 + Kickstarter, Indiegogo Zano (2013) $3,000,000 + Kickstarter Many of the projects raising capital through crowdfunding takes away all the raised fund after paying certain fees to the platform leaving backers with nothing but a hope and excuses from the failing project putting their entire contribution at risk Likewise, most of the platform s motive is to earn money by collecting commission and fees. Since some platform s only source of income is commission, they inflate it ranging from 5% to 15% and even higher.

11 Restrictions International Barriers Most of the current internet-based platform allow citizens of limited or listed countries to place their projects. These restrictions are the barriers for citizens of those countries other than listed. So, in most of these cases startups are compelled to search for mediators or representatives. The intermediators demand for intermediary commissions and fees which increases the cost of project making it impractical to invest in. Payment System Among many other restrictions, internet based crowdfunding platforms require persons to have Accounts in the limited countries with their credit card to deposit or withdraw money. Such restriction in payment system limits size of beneficiaries. Autonomy and centralization Centralized crowdfunding set their own rules. Since the platform itself define the terms and conditions, in most of the cases the use of funds is not transparent. Sometimes documentation process and the progress of project are not easily auditable. Lack of Global Reach Many creators are deprived of fueling their dream projects due to limited exposure. Major internet based crowdfunding platforms are focused to benefit the creators of developed countries which are already resourceful. Users from underdeveloped and developing countries must let go their dreams even if their ideas and insights are beneficial to the greater good of the humankind, where there are lots of new investment opportunities.

12 12 SOLUTION: BLOCKCHAIN TECHNOLOGY What is Blockchain? Blockchain is an undeniably resourceful invention that is practically bringing about a revolution in the global business market. Its evolution has brought with it a greater good, not only for individual users but for businesses as well. Blockchain, to define in all respects, is a kind of algorithm and data distribution structure for the management of electronic cash without the intervention of any centralized administration, programmed to record all the financial transactions as well as everything that holds value. Veterans of the industry claim that blockchain lives in a state of consciousness. It practically checks on itself every now and then. It is like a self-auditing technology where its network reconciles every transaction, known as a block, which happens aboard at regular intervals. In essence, blockchain technology has two major properties- it is highly transparent and incorruptible. Each and every transaction that takes place on this server is embedded within the network, making it entirely visible to the public yet anonymous which makes it difficult to undermine the immutability of the blockchain. Since it is transparent, it is also easy to detect fraud on the blockchain. Hence, it s timeless and incorruptible reputation. Blockchain based Platform Decentralized crowdfunding platform leveraging blockchain technology is the key solution to the emerging problems in the crowdfunding arena. Selecting projects via unanimous decision with collective voting enabled within the blockchain backed crowdfunding platform will ensure transparency and security. Use of cryptocurrency will ensure uniformity along the transactions. Blockchain technology offers variety of benefits to ensure decentralization, transparency and trust, immutability, security, simplification and many more features. To safeguard these attributes Fundin platform integrates the implementation of Masternode governance and BIP 65.

13 Platform Fundin platform will allow startups to cast and expand using the new prototype backed by the blockchain technology. Unlike other platforms that failed to secure backers with their focus much on the fee collection, Fundin has concentrated much on providing backers protection as well as taking a step to ensure created project are efficacious. Adopting and employing Fundin platform, startups can concurrently build an ecosystem of users, stakeholders and collaborators. The system will be based on an integrated coin called FDN with which users can get utility and service providers get the payment. The main vitalities of Fundin platform are safety deposits for listing new campaigns, Backers security and globalized marketplace. Safety Deposits for listing new campaigns Fundin platform requires creators to put security deposits. For listing new campaigns user must deposit 1% of their total project cost planned to raise from Fundin platform in FDN. This deposit is refunded to the creator s address after providing information in the form of identification documents, detailed business plan, financials, intellectual property registrations, personal references that would help backers make more informed decisions. If the users fail to provide the aforementioned details, the deposit of 1% will be confiscated and such amount will be used for the purpose of supporting better projects. The creator must maintain the deposited FDN in the platform for at least 30 days. This practice will ensure that spams and other fraud creators will be wiped out from the network. Complex screening and more involved screening procedures in this case will be of less importance as identification and selection of projects are core responsibilities of the users. Illegal, immoral, unethical and anti-social projects are screened on agreed-upon way with unanimous decision. The standards and criteria are predefined by the DAO and are subject to change and modification in the future if needed with majority decision. The salient features of the safety deposit are Project identification will be the prime responsibility of users. Illegal and immoral projects will be wiped out. Selection of projects, if creators opt for Masternode votes, will be done on the basis of predefined set of standards, that the DAO adheres to. Unethical and illegal projects upon recognition will be penalized. Users contributing to report the false projects and violation of the standards are rewarded in the form of FDN for their efforts as per the conditions prescribed by Fundin team. Fundin platform and team members will not have direct involvement or interest in the project. The ground rules for the project completion as well as the benefits are the responsibilities that should be defined by backers and creators. The terms and conditions of project implementation and completion will be upon the agreement and the discretion between backers and creators. Fundin acts as a bridge between the aspiring startups; entrepreneurial enterprises who want their project to be funded and those backers who are seeking for creators on whom they can trust and invest. However, upon agreement and understanding of creators and backers, Fundin team can help them to set and define the rules and other criteria. Unless the selection of project is from Fundin voted from DAO, Fundin platform will have zero engagement and interest in selecting and prioritizing projects.

14 14 Backer s Security The general trend has constrained the power and security of backers. Fundin has prioritized the protection of backers and prevention of unforeseen losses. Apart from leaving backers without nothing but a hope and excuses from the failing project putting their entire contribution at risk our platform helps put the amount in multi-signature wallet where certain amount as required for each milestone is released with network fee to the network without any mediators taking decision of others vision. Backers are required to register in the platform where they can generate the unique address with a Fundin wallet. Backers are free to select from the number of listed projects, the project in which they are interested, for investing. After determining the sum to be invested, backers are required to transfer the acquired FDN coins which should be transferred to either multi-signature or time locked wallet as agreed upon with the creator. The process of creation of such wallet will be facilitated with the instructions mentioned in the dashboard for easy creation of the contract. Release of fund along with the following actions are generated at the very time via blockchain backed by BIP 65: Fund held for next stage or milestone. Active coin corresponding to the first installment. Frozen coins equivalent to reserved fund. After raising the required fund, the first installment or portion that is specified by Backer is transferred to the selected startups. Now here is the beauty of Fundin Blockchain for securing backers, that enable them to determine whether further funds are to be apportioned for the startups funded who receive their first tranche. The decision can be taken considering different aspects like: - After reviewing all the documents, reports and proofs of the work done as specified in the roadmap of the Creator s Project. They can make decision whether to proceed for further financing or not depending on the review and monitoring done on the project supported by them. In case of many backers in single project it can be decided with the help of voting mechanism integrated with their account offered by BIP 65(multi-signature wallet). Beside voting for proceeding for the next stage financing, backers can cancel their backing after communicating with the creator about their dissatisfaction or concerns about the functioning of project as per the agreement agreed upon by them before starting the project. In cases of confusions and disorientation s, it should be solved by agreement between backers and creators which should be reported in Fundin platform within one week of occurrence of such issues. In case there arises deadlock due to the issues, Fundin s policy will be the last resort. However, if the scenario arises in the projects funded or supported by Fundin community, the issues will be solved as per the decision of DAO.

15 HOW PLATFORM OPERATES? What is Masternode? A node can simply be understood as a computer that plays a part in ensuring the integrity of a coin network. The crypto space is not only decentralized but also distributed; therefore, it functions by several people running nodes from different parts of the world. That said, a full node is required to host a copy of the Blockchain (coin s ledger) and thus support the network. A Masternode is a crypto full node (computer wallet) that supports the network by hosting an entire copy of the coin s ledger in real time. In return, the Masternode will receive crypto coins as a reward. It is also a great alternative to form DAO. Besides the coin rewards that you get from running a Masternode, here are other reasons why you should consider owning a Fundin Masternode: It increases the privacy of the transactions It enables instant transactions It allows the user to take part in governance as well as voting forming a true DAO. Role of Masternode in Fundin Platform Many of the cryptocurrencies developed nowadays is just a fork of bitcoin and its other forks without trying to utilize the potentiality of blockchain for the upliftment of technology and revolutionizing existing infrastructures and systems. Fundin, with the help of Masternode governance, has made consensus in project selection easy and practical. With introduction of Masternode governance backers can easily select the projects with high votes from the Fundin DAO, this will be done only if the creators require some support from the Fundin platform. Due to existing platforms ignorance to secure backers and earning heavy fees, backers are demotivated and rarely back other projects because they do not have control of their contributions flowing mechanism. In the current crowdfunding platforms, Creators & platforms get paid upfront when fundraising is completed, which transfers risk of project completion only to the backers. Due to this, creators, despite of focusing on project planning and roadmaps focus more on marketing the campaigns. This is the reason of existing systems motivation to list the maximum number of campaigns possible regardless of their quality and potentiality. Enforcing more transparent disclosures, Fundin can mitigate and reduce the risk of backers losing all in a failing project and motivate creators to focus more on project planning and achieving milestones for utilizing the funds as requested. At Fundin, users performing irresponsible campaigns that are illegal, immoral, or scams are removed and reported to the concerned authority of their jurisdiction. This will be determined by DAO vote. In order to create value to the native FDN coin we will be partnering with vendors supplying products and services relating to the fulfillment of the projects listed and approved within the Fundin platform. For developers and technology peoples native FDN coins will be awarded if they contribute to the development and solving issues in the FDN blockchain as well as platform with an idea to uplift project. Beside project selection, Fundin blockchain also provides rewards to those who set up the nodes. For setting up each Masternode, it requires 10,000 FDN as collateral. The Rewards from Masternode set up by core Funding team will be separately reserved.

16 16 Masternode governance and its purpose Casting votes to the projects as proposed by Fundin community, Facilitating policy making regarding platform s operations, Accumulated Masternode rewards from core team are separated for contribution to game changing projects. To confront the idea of transparency, the wallet address will be kept public. You can find the details of wallet owned and maintained by us in our block explorer and discord channel under coin-info. Proof of Work (PoW) Premine 41 million FDN till block 301 to swap 4 million FDN with old Fundin users ( for other details about preming refer section 8.1. Proof of Stake (PoS) Distribution of a block s reward ; Stake: MN = 40:60 Estimated Total Supply: 500 Million in the span of approx 100 years For detail about block rewards, please visit our website Multi-signature wallet Wallet security has been indispensable because of its crucial need. There has always been a threat that if the private key, that most of the crypto currency wallet address possess, is stolen or lost, the crypto currency can be spent by the one who holds the private key. Wallet offered by Fundin platform has outlined for the use of multi-sig wallet that requires more than one key to complete or authorize a transaction. Fundin platform will support much more complicated transaction that require the signature. The idea behind this is to make it more secured by providing the addresses of multiple backers and requiring coordination among the backers to perform any transaction. Multi-signature addresses require more than one user to sign a transaction before it can be broadcasted into the blockchain. The required number of signatures is agreed at the start once people agree to create the address. It requires several private keys in case of multi-signature wallet, so such structure lets user to split the private keys across multiple devices or people. The number of devices or people to share the wallet can be predefined hence the number of co-payers need to sign off for a transaction that can be planned beforehand. For Instance, when Backer wants to pay Creator, Backer sends a predetermined FDN to a multi-signature address, which requires at least two signatures from the group Backer, Creator and Fundin Team to redeem the money. If Backer and Creator disagree on who should get the money (Backer wants a refund, whilst Creator believes he/she fulfilled his/her obligations and demands the payment), they can appeal to Fundin Team. Fundin Team grants its signature to Backer or Creator, so one of them can redeem the funds after decision from Masternode votes. Another benefit of multi-signature wallet setup is that Private keys can be secured from securities vulnerabilities and security bugs.

17 OP_checklocktimeverify The essence of OP_checklock time verification is to restrain and hold the transaction until some point of time. In this case the transaction can be kept unspent until and unless some particular event occurs. It allows users to create a bitcoin transaction of which the transaction outputs are spendable only at some point in the future. Amount sent in that transaction are time-locked until either a specified date, or until a certain number of blocks has been mined. (scheduled Payment). Payment channels are effectively a series of off-chain transactions, that benefit from all the security of typical on-chain transactions, and with some added benefits. For instance, Backer backs the project by providing seed fund to Creators startup. Backer and Creator decides to open a payment channel before the Creator start the project to a multi-signature wallet address then Backer and Creator each control one of two keys required to send fund from that address. Now Backer wants Creator s to start the project so he/she signs a transaction from the multi-signature wallet in which he/she sends total project cost to him/herself and first installment to Creator as per their agreement. Creator can claim the first installment amount attributed to him/her by Backer and update Backer about project progress and any details as per their agreement. However, and importantly, Creator doesn t actually claim his/her FDN right away, because he /she believes Backer will probably want to invest more. And here comes the trick: Backer signs a new transaction from the same multi-signature address, this time sending creator second installment. Once again, Creator could sign this transaction at any time, and claim the installment attributed to him. But he/she could not sign and broadcast both transactions, as that would constitute a double spend! Therefore, Creator would have to choose and sign the biggest transaction to avoid to lose money, by this he/she can receive both installments in a single transaction fee. This process can be repeated as long as Creator and Backer doesn t sign his/her part of the transactions. So, for every milestone that Creator completes, Creator can claim an additional installment as per the agreement, with no need to wait for confirmations on the blockchain. And since only one transaction the last one for Creator to claim is actually recorded on the blockchain, Creator and Backer do not clog up the FDN network with micro-transactions, and they need to pay only a single transaction fee. So why do payment channels require CLTV? There is one problem. What if, for some unforeseeable reason, Creator cannot or will not deliver as promised? Perhaps because he/she falls of a cliff, loses private key, or maybe holds Backer s FDN ransom and demands a bigger cut, or some other reasons. In that case, Backer will have lost his/her FDN, even if he/she didn t want to invest on Creator s startup. That s where CLTV comes in. Backer can add CLTV to the initial FDN transaction, using it to send the whole FDN back to his/her own address. This transaction is validated for example one installment later, but only if Backer and Creator didn t sign the multi-signature transaction before that time. Now, if Creator doesn t sign the transaction at all for whatever reason, Backer can sign it by him/ herself and is guaranteed to get his/her money back. Worst case scenario for Backer is that he/she would need to wait. He/she might be a bit annoyed, but will not lose any money. As such, the whole process has been made completely trustless.

18 18 HOW PLATFORM OPERATES FOR START-UPS The startups that intends to accumulate fund using the Fundin platform needs to register. Upon successful registration, an account with unique address and digital key is provided. The startups are required to upload the necessary documents relating to their identification and project details. Roadmap of the startup is a most amongst the documents including the duration of the project, stages of the projects, descriptive summary of the works to be done at each stage or the milestones to be achieved and budgeted financial requirement at each stage. The fund required are specified by the creators in the roadmap or project document. The coins equivalent to the sum specified and termed for allocation to the Creators could only be transferred out of the Backer s wallet. To commence the project, the startup can get the FDN coins either by acquiring in exchanges through BTC or fiat as may be accepted by the platform or by converting other coins into FDN coins. The startups can transfer the coin to their personal wallet after the funds are received from the backers. However, the first allotment is made as per the requirement specified in the roadmap. At every stage the startups are required to upload reports and documents justifying that the work has been done or is in progress as per the details mentioned in the roadmap. After monitoring and properly evaluating on the basis of the proof, backers will approve for the next stage financing. The decision for next tranche financing is done on the basis of agreement between backers and creator. Fundin s motive is to materialize the dream every aspiring startups and entrepreneurial ventures dream of. Accumulated Masternode rewards of Fundin core team will be used to finance the projects that are potential and innovative but are not within the attention of any backers. To motivate and encourage those creators Fundin will collect Masternode rewards.

19 Pre-mining 41 million FDN (premined till block 301). These will be used for swapping with old FDN holders, exchange listing, platform development, partnership with different vendors as required, further development of Fundin blockchain, etc. Private Placement Same as many new projects, Fundin also requires seed funds which are planned to raise by way of private placement. Private sale will be opened till the achievement of soft cap from 10th December, Private Placement Details Price: USD 0.10 Soft Cap: 5 Million FDN Hard Cap:10 Million FDN If we are unable to reach Hard Cap unsold coins will be allocated to research and development of Fundin Blockchain and Ecosystem Development.

20 20 COIN SPECIFICATIONS Masternode Collateral: 10,000 FDN Total coin Supply (POW PHASE): 41 million FDN (premined till block 301) Total coin Supply (POS PHASE): Infinite Private Placement Coin Price: $0.10 USD Premine: 8.15 % of Max Supply Maximum coin Supply (Approx. 100 years): 500 Million FDN Reward Ratio for Masternode and Staking: 60:40 You can visit our website for information about rewards distribution per block.

21 EXCHANGES Negotiations with several exchanges is in progress. Plan to list coins on the affiliated exchanges right after completion of private placement. USE OF FUNDS Engineering and Development 45 % Exchange Listing 27% Legal and Regulations 12% Partners 16% LEGAL OBLIGATION AND STATUS Legal Disclaimer FDN COINS FDN Coins to be offered and transacted in Fundin platform are not intended to constitute securities of any kind in any jurisdiction worldwide whatsoever. FDN tokens do not represent any loan debt or obligation to pay. FDN token do not constitute any assets and any guaranteed from of revenue streams, dividends and claim on any entity s financial assets. FDN token holders are not entitled as share-holders of Fundin or any other entity. The purpose of this white paper is to introduce our BLOCKCHAIN PROJECT for investors who are interested in our Coin Launch. This white paper does not contain all information about the project and does not constitute a contractual relationship. Nothing in this white paper shall be deemed to be an invitation to prospectus or any other investment, and no jurisdiction shall be deemed to be the issuance, sale or investment of any securities of any kind. This white paper is independent of the relevant laws and regulations of each jurisdiction over investor protection and does not apply any applicable laws. The statements, estimates, and financial information contained in this white paper are forward-looking statements. Such pertinent data or information may be subject to risks and uncertainties that are either not yet known or not yet recognized, and therefore may differ materially from actual results or performance. The English version of this white paper is the main official document about the disclosure of FDN coin. The information contained in this white paper may be translated into another language or transmitted to existing or potential investors in the form of documents or beads, and any part of the information may be lost, corrupted, or inaccurate during the translation or transmission. We do not guarantee the accuracy of the information transmitted in other routes except for the English language white paper. If there is a difference between the information in the delivery process, the original white paper takes precedence. Some jurisdictions may restrict the distribution of this white paper and the subscription and sale of FDN coins, and readers of this white paper should be thoroughly informed of the existence of the relevant laws and regulations. Investors must make sure that they have relevant laws and regulations that prohibit investors from offering tokens or sales to investors in their jurisdictions where they have been or are living, and are solely responsible to the investors themselves.

22 22 ROADMAP

23 Contact Us Official Website Official Social Media Channels Medium Discord Reddit Telegram Twitter Announcement Forum Links Bitcoin Talk Forum Source Code GitHub Official

24 24 ANNEXES Annex 1: Terms and Definitions Backer: a person, institution, or country that supports someone or something, especially financially. Creator: a person or thing that brings something into existence. Crowdfunding: practice of funding a project or venture by raising small amounts of money from a large number of people, typically via the Internet. Cryptocurrency: a digital or virtual currency that uses cryptography for security. Fiat: state-issued money; a currency without intrinsic value that has been established as money, often by government regulation. Roadmap: scheduled plan of project implementation. Startup: potential project requiring fund initiated by an individual or group. Smart contract: a computer code running on top of a blockchain containing a set of rules under which the parties to that smart contract agree to interact with each other. If and when the pre-defined rules are met, the agreement is automatically enforced. Staking: commitment to retain/hold/non-transfer a token/tokens for a period. Token: a digital asset supported by blockchain that authorizes the holder with the utilities and right representing it. Tranche: a portion of fund to be provided to creator. Voting: procedure for collecting the opinions to reach a decision unanimously. Wallet: downloadable software located online that enables the user access to token or digital assets owned by him. Annex 2: Abbreviations used in the Fundin White Paper: FDN: Fundin Coin BIP: Bitcoin Improvement Proposals CLTV: Check Lock Time Verification PoW: Proof of Work PoS: Proof of Stake ICO: Initial Coin Offering DAO: Decentralized Autonomous Organization Annex 3: Reference Links

25 PROJECT Copyright , All Rights Reserved. Project