CoinDAQ Terminal. Analysis Forecasts Market trends Trading News. The solution for professional cryptocurrency market participants.

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1 whitepaper Analysis Forecasts Market trends Trading News The solution for professional cryptocurrency market participants CoinDAQ Terminal Date: / Version: 1.0 Irbayhan Goytemirov 1

2 Contents The problem and the solution 3 The market and its opportunities 5 Overview of CoinDAQ Terminal 9 CoinDAQ Escrow Allianсe 21 Accounts and their status 28 Subscription 30 Subscription limited time offer 31 CoinDAQ Terminal application 33 Information processing algorithms 34 Tokens 36 CoinDAQ Core MVP 38 Risk factors 39 The core team 41 Advisers 43 Roadmap 45 References 47 2

3 The problem and the solution The cryptocurrency market and blockchain technology grow faster, than it was expected. Now it is a new economic direction that eventually will take its stable place in the global financial world. Global growth has attracted everyone, who would like to increase an income by investing in cryptocurrencies. While initially choosing an investment object, only a small number of people could understand market situation and trends correctly, all due to the absence of a credible provider of analytical information on cryptocurrencies, what ultimately, led the majority to financial losses. CoinDAQ Terminal is the provider of analytical information on cryptocurrencies and platform for trading on the blockchain CoinDAQ Terminal serves the following purposes: helps to find answers to such fundamental questions as: where should I invest to and when should I sell? Where does an exact coin go? Should I buy more or sell more? What is a current market trend? and many others; provides basic knowledge for amateur traders: they can analyze transactions with various indicators divided into clusters of successful and unprofitable transactions of traders from the toplist, also studying historical data; provides traders with a newsfeed from credible thematic media, social networks, etc.; gives investors an opportunity to copy orders of successful traders in real time; gives an opportunity to trust one s cryptocurrency capital to successful traders; creates an ecosystem, that includes all aforementioned features, a trading platform and marketplace where cryptocurrency can be exchanged for fiat money through the single interface of CoinDAQ Terminal. The absence of a credible provider of cryptocurrency analytical information, that would include all of the above-mentioned algorithms and analytics tools, incurs losses in case of blind or emotional trading. Exchange traders receive information from various non credible sources: recommendations, technical analysis or historical data from popular services, such as CoinMarketCap and TradingView. 3

4 It s not enough for successful trading and investing. Moreover, many amateur investors and traders rush to invest more at the first sign of growth, suggesting it will last forever. However, such events happened many times in the past, so most likely, it s only an outcome of manipulations on the cryptomarket. CoinDAQ Terminal is designed to provide any trader and investor for analytical information on a potential investment object. Users of the terminal can secure themselves from engaging in manipulations and save their investments. The development of CoinDAQ began in December 2017 and since then, plenty of active work is being carried out to improve the current algorithms and create new ones. Official Website: Telegram Group: 4

5 The market and its opportunities It s also worth emphasizing, that the absence of a credible provider of analytical information on a current market situation increases risks of any action on an exchange and allows CoinDAQ Terminal to take a leading position as an information supplier. Below is the list of 14 exchanges that will be integrated into CoinDAQ Terminal v.1.0 first. The list is based on the following criteria: - The list is based on the following criteria: - Technical specifications; - Service for institutional investors; - Large selection of currency pairs; - Loyal jurisdiction; - Trading volumes. The total number of unique users of 14 exchanges was M in August 2018*, according to : Exchange Monthly unique visitors Total monthly visitors Binance 6.298M 35.86M Bittrex 1.870M 12.58M Bitfinex 1.141M 7.829M Huobi 814, M KuCoin 1.210M 5.496M HitBTC 999, M Coinbase Pro 1.338M 9.582M Bitstamp 615, M Kraken 942, M Poloniex 1.099M 8.370M Gemini 227, M ZB 125, ,821 OkEx 630, M UpBit 302, M *Please select August 2018 while viewing the source. 5

6 The CoinDAQ team will expand the list of integrated exchanges in the terminal. However, we consider a possible revision of the list, in case of unpredictable technical or other issues with the exchanges out of the "14" list. Please see the Roadmap for the scheduled launch date of the Terminal. Scaling up For success of any startup, it should not only have a first class product, but also an ability to scale its business. During the limited time offer, we plan to sell 500,000 CoinDAQ Terminal licenses it amounts to 2.8% of potential audience of traders of the above-mentioned list of exchanges, which will be integrated into CoinDAQ Terminal v1.0. Target audience Potential users of CoinDAQ Terminal are traders, investors, technical specialists, financial industry journalists and other people, who have strong interest in blockchain technology and cryptocurrencies. According to similarweb.com, the average age of unique visitors from the "14" list is years. From all the listed groups of target audience, these are the most solvent traders and investors. After the official release of CoinDAQ Terminal v1.0, we plan to add new exchanges and give users an opportunity to vote and make decisions. We had thoroughly analyzed more than 200 cryptocurrency exchanges and chose all of the above for the start. The total number of unique visitors of 200 exchanges per month was M in August This is solid enough and since we plan to scale up, we have both the first class product and a free market with a huge amount of potential clients. Competitors and our advantages We are sure, that our product will be popular because it meets the requirements of any trader and it is the single ecosystem for trading with all the necessary functionality: 1. Real time stream of exchange data on any traded cryptocurrency; 2. All necessary tools for analyzing any cryptocurrency; 3. Forecasts and recommendations from credible participants of the cryptocurrency market; 4. Algorithms showing a current trend of the market in 8 different directions (8 algorithms in CoinDAQ Terminal Version 1.0); 5. Historical data on trading volumes, trend and past interest of traders; 6. News feed from different trustworthy thematic media; 7. Messenger and mails; 8. Platform for trading on cryptocurrency exchanges using API keys; 6

7 9. Copying of traders orders via Live Copy Order and Financial Trust Management systems using smart contracts. There is a partial similarity in Bloomberg Terminal and Thomson Eikon, however, their purpose is stock markets and some other industries. Bloomberg and Eikon users can analyze situation on a financial market in real time. These terminals also provide access to news, quotes, s and messaging. Only one page in Bloomberg terminal is dedicated to cryprocurrencies: it gives access to price information on Bitcoin, Ethereum, Ripple, Monero and some other Top-10 coins. There is also information about Bitcoin futures on the same page in Bloomberg. However, that is all. The Bloomberg and Thomson Eikon terminals are credible providers of financial information and news, but they have serious flaws for a participant of the cryptocurrency market due to the absence of the following functions: 1. Real time stream of exchange data on any traded cryptocurrency; 2. All necessary tools for analyzing any cryptocurrency ; 3. Forecasts and recommendations from credible participants of the cryptocurrency market; 4. Algorithms showing the exact current trend of the market in 8 different directions (8 algorithms in CoinDAQ Terminal Version 1.0); 5. Historical data on trading volumes, trend and past interest of traders; 6. Platform for trading on cryptocurrency exchanges using API keys; 7. Copying of traders orders through the Live Copy Order and Financial Trust Management systems using smart contracts. Bloomberg and Eikon terminals have one more serious drawback the cost of a subscription. The first one costs $2145 for one month, and minimum period is 2 years; the second is sold by modules and its competitive package, similar to Bloomberg Terminal, reaches up to $2000 a month. Please read more about the terms of sale and pricing policy of CoinDAQ Terminal below in the «Subscription» section. CoinMarketCap is the provider of information on cryptocurrency trading. CoinMarketCap users have access to historical data on trading volumes, current price value, trading volumes in 24 hours, market capitalization, stock charts, price change within 24 hours, cryptocurrency rating by trading volume. That is all the information CoinMarketCap can provide. There is another direct competitor to CMC - CoinGecko. It copies all the listed CoinMarketCap functionality but it has one distinctive feature a calendar of events for upcoming ICO campaigns. TradingView is a service popular among traders on exchanges. It partially provides information on cryprocurrencies. The single prominent distinction from CoinMarketCap is 7

8 access to stock graphs in real time and abundance of ideas and opinions from participants of the cryptocurrency market. Users can view ideas of traders who publish their personal opinion on technical analysis that in fact does not work in the cryptocurrency market due to its unpredictability and high volatility. TradingView is a shareware product, however, only a paid subscription provides access to the functions necessary for stock markets. Speaking about ideas and technical analysis - they are based on a trader's intuition and fantasy, and if a person makes a decision relying on these publications, he or she actually trusts money to other ideas published in TradingView. The algorithms of CoinDAQ Terminal, which provide market information, are based on data obtained from cryptocurrency exchanges. TradingView and CoinMarketCap, though popular, have the same drawbacks as Bloomberg Terminal and Thomson Eikon. All the mentioned services are not full-fledged providers of information on cryptocurrencies that have everything necessary for trading. It is inconvenient for traders and investors to draw information from various sources. Bloomberg Terminal, Thomson Eikon, TradingView, CoinMarketCap do not provide even the partial functionality of CoinDAQ Terminal, which makes them indirect competitors. Why will CoinDAQ Terminal be used? In addition to exchange information and algorithms, CoinDAQ Terminal includes a platform for trading. Traders will be able to connect to their exchanges using API keys. Being in the single system, users will have access to all their exchanges and all the tools necessary for trading. An additional motivation for choosing CoinDAQ Terminal will be Live Copy Order and Financial Trust Management functions, which allow participants to receive additional income in the form of a reward from investors who copy traders' transactions or provide cryptocurrency capital for trust management. For more information about Live Copy Order and Financial Trust Management, see the Overview of CoinDAQ Terminal section below. 8

9 Overview of CoinDAQ Terminal CoinDAQ Terminal is the cross-platform application for Windows/Linux/macOS. CoinDAQ is the provider of analytical information in real time and a unique platform for trading on the blockchain. CoinDAQ Terminal is similar to Bloomberg Terminal, but it s being developed exclusively for the cryptocurrency market. The solution includes a desktop version of the terminal with a possibility of expansion up to 6 monitors, a mobile application for smartphones/tablets and a website. Some features and algorithms of CoinDAQ Terminal: - Market History [MH] trading history in a current market with division into BUY/SELL (including historical data on these indicators); - Interest Ratio Now [IRN] - current interest of traders in an investment object, with division of a coin in a current market by percentage into BUY/SELL (including historical data on these indicators); - Coin Volume [CV] coin trading volume in a current market (including historical data on these indicators); - Trading Tendency Now [TTN] - a current trend of closed trades; shows only the highest rate of market direction, with division in percentage terms into BUY or SELL; data based on CTV, IRN, and CV; - Coin Trend Now a forecast of future trend based on dynamics of CTV, IRN, CV, TTN data; - Scanner CV, CTV, IRN and TTN - automatically compares current or previous trading figures with historical data - the minimum comparison threshold is 92% in 1.0 version (80% in MVP); - Forecasts and recommendations from credible participants of Live Copy Order program; - News feed from vast number of thematic media; - Built-in messenger and service; - Analytics tools and graphs; - Trust Trader- rating of traders based on a number of their successful and unprofitable trades; - Live Copy Order copying of traders' orders using a smart contract; - Financial Trust Management a possibility to provide funds for professional trust management; - Trading simulator based on successful and unprofitable trades of best traders. Using the blockchain technology, CoinDAQ Terminal will provide access to unique features, introduced to the cryptocurrency market for the first time ever and solve the problem with the absence of a credible provider of analytical information. 9

10 Features for traders and investors in CoinDAQ: The possibility of managing your assets, when they are transferred to a professional trader, whose task is to preserve and raise this funds. The purpose of financial trust management is to get maximum income for an investor at an acceptable level of risk. We implemented two trust management systems into CoinDAQ: 1. Live Copy Order (copying of trader s orders); 2. Financial trust management. Live Copy Order - [LCO] Investors can copy orders of traders in real time. A trader opens an order in his exchange account with crypto funds using CoinDAQ Terminal - a smart contract automatically duplicates this order for an investor. Financial Trust Management - [FTM] Financial trust management differs from copying of orders. For each of investors, a trader himself set exact volume of investments in an investment object from a budget, provided by investors for trust management. CoinDAQ Terminal will offer a trader a list of trustees, for which it is necessary to select a volume of investment capital in an investment object. LCO and FTM for investors Copying of trader's orders and financial trust management will allow an investor to keep cryptocurrency on his exchange account and, using a smart contract, manage an exchange account within LCO or FTM. An investor will be able to select a trader using the Trust Trader rating system. All opened and closed orders will be monitored in real time and at any time an investor will have a right to terminate activity of a smart contract or pause it. After that, trust management will also stop. Details of smart contracts, technical specifications of copying and other conditions are specified below in the "Using the blockchain" section. An investor can simultaneously participate in LCO and FTM; to do so, he needs two different exchange accounts. Requirements for activation of an investor status in Live Copy Order and Financial Trust Management are listed below: pass KYC; active API keys of an exchange; complete LCO and FTM introduction course for an investor. 10

11 LCO and FTM for traders A trader that acquired a status in Live Copy Order and Financial Trust Management can attract copying users or investor s cryptocurrency funds for trust management, using the capabilities of LCO and FTM systems, which provide possibility for extra earnings on a cryptocurrency exchange. However, in both variants of trust funds management, a trader is required to have his own budget on an exchange account and funds, received from an investor, can not exceed a budget of a trader. Requirements for a trader, who wants to get LCO and FMT status: 50% increase of capital; pass KYC; active API keys of an exchange; complete LCO and FTM introduction course for a trader. To activate LCO or FTM status, a trader needs to confirm 50% increase of his capital. To do so, a user will have to agree on scoring of his exchange orders and analytics of trading actions and, within 60 days, make all transactions on exchanges through CoinDAQ Terminal. This procedure is required for admission to LCO and FTM systems and it is the examination for traders. CoinDAQ will provide 3 attempts to every trader, who wants to prove skills. All results and number of attempts will be saved in a trader s profile and will be available to all LCO and FTM participants. In case a trader has not made any transactions within 6 months, he must pass the exam again. A trader can t use one exchange account for both LCO and FTM at the same time. However, if he is registered on two different exchanges, he has the right to set up one account for LCO and another one for FTM. API keys In order for a smart contract to interact with trader s and investor s exchange accounts, it s required to restrict API keys in CoinDAQ Terminal optionally. Here are some of a smart contract s options below: READ INFO = ENABLE; TRADE LIMIT = ENABLE; TRADE MARKET = ENABLE; 11

12 WITHDRAW = DISABLE! MARGIN TRADING = DISABLE! LCO and FTM are not active, if WITHDRAW and MARGIN TRADING options are enabled. Margin trading is forbidden in CoinDAQ Terminal. Trader Level [TL] Levels of traders in LCO and FTM These levels regulate the limitation of number of attracted investors and the maximum budget for managing in LCO and FTM: Maximum number of investors for LCO: 1.00 TL = 1 investor; 5.00 TL = 5 investors; TL = 10 investors; TL = 50 investors; TL = 100 investors. Maximum number of investors for FTM: 1.00 TL = 1 investor; 5.00 TL = 5 investors; TL = 10 investors; TL = 25 investors. Maximum budget for LCO from 1 investor: 1.00 TL = from $100 to $1000; 5.00 TL = from $100 to $1500; TL = from $100 to $2000; TL = from $100 to $5000; Maximum budget for FTM from 1 investor: 1.00 TL = from $100 to $1000; 5.00 TL = from $100 to $1500; TL = from $100 to $2000; TL = from $100 to $

13 Rating points are rewarded based on scoring results of an exchange account TL is equal to 50% of increased deposit. The maximum number of those, who can copy a trader is 50 and the number of investors, who can provide their capital for trust management is 25. Trust Trader [TT] Rating of traders is based on indicators of successful and unprofitable transactions. Thanks to the complex rating system, users will receive accurate information and will be able to evaluate an exact trader in figures. A beginner, who has confirmed his skill by 50% increase of balance, will receive TT. Trust Trader also shows a negative rating (-x), indicating trader s losses. Positions in the toplist are updated every 24 hours. Trust Trader data is based on the following data: A beginner, that earned a rating of in Trust Trader, has 0 values in the following points: Total amount of income that a trader generated for investors (TINC - Total Income); Total amount of loss for investors (TAOS - Total Amount of Loss); Current number of copying investors (CI - Copying Investors); Total number of investors who copied a trader (TCI - Total Copying Investors); Total volume of Trusted Capital (TTC - Total Trusted Capital); Current Trusted Capital (CTVC - Current Volume Trusted Capital); Total number of completed smart contracts (TSE - Total of Smart Contracts Executed). These indicators will affect a credibility of a trader. Trust Trader is the most important rating for a LCO and FTM trader. All the above-mentioned Trust Trader parameters can be viewed in a trader s profile, as well as in search results. Details, specifying the scoring of Trust Trader points and other features will be published in White Paper before the release of CoinDAQ Terminal v e Using the blockchain CoinDAQ Terminal is being developed on NEM blockchain. NEM is the best solution that perfectly suits the requirements of our project (more technical details will be published in the next version of White Paper). 13

14 For amateur traders or inexperienced investors, LCO and FTM system will give a chance to increase one s capital via right choice of a trader. The credibility of any transaction, recorded in a blockchain, can not be doubted. That is why we decided to use the blockchain to store LCO, FTM and Trust Trader data. This allows to be sure that indicators in LCO, FTM or Trader Trust are recorded based on actions of a trader on an exchange and can not be changed. Smart contract As it was mentioned above, an investor, who wants to start copying orders or trust funds to a trader, is required to make a smart contract. To do this, he can search for a trader by custom parameters or select a trader from the toplist. Exact conditions of a smart contract are set by a trader, an investor can agree to them or can choose another trader. A trader, participating in LCO or FTM must complete a conditions profile for a smart contract. The data from this profile will be automatically loaded when a preview of a smart contract of an exact trader is opened. Conditions profile of a trader for a smart contract: L-Contract (Live Copy Order smart contract): Exchange; Trader s commission; Volume of investments; Amount of investments of total deposit (%) in one order; Period of a smart contract; Comments from a trader, describing his trading strategy and other useful information; Accepted volume of investments can not be lower or higher than the amount, stated by a trader for L-Contract. By creating conditions in an L-Contract, a trader indicates a fixed percentage of volume that is being invested (% of total deposit of a person who copies in one order). For example, if an investor provides BTC and a trader assigned fixed 0.5% in one order in L- Contract, then the sum of investments for all of those who copy, will be BTC. F-Contract (Financial Trust Management smart contract): Exchange; 14

15 Trader s commission; Min/Max volume of investments; Min/Max % of investments of total deposit; Period of a smart contract; Comments from a trader, describing his trading strategy and other useful information. F-Contract is distinguished from L-Contract by the absence of fixed conditions and requirements for investors, who provide their funds to a trader for trust management. Reward for a trader and commission for creating a smart contract CoinDAQ Escrow Alliance and mandatory depositing CoinDAQ Escrow controls the following conditions: Depositing and payment; Verification of complaints; Dispute settlement; Penalties. While developing the concept of Live Copy Order and Financial Trust Management, the CoinDAQ team assigned a priority task of guaranteed commission rewarding of traders. Any trader, who generates income for investors, will get a reward, thanks to the obligatory depositing of an account in a special Escrow Alliance Bank wallet. Deposit amount is calculated according to the following formula: Deposit amount = (investor s budget * trader's commission) * 3; If investor s budget on an exchange is $ 10,000 and trader s commission is 3%, the deposit amount will be $ 900. Account is replenished with CoinDAQ tokens (or tokens of a partner) and freezed until a smart contract is completed. Read more about the tokens of the project below in "Tokens" section. Trader's commission is set based on the Trust Trade rating and it can reach up to 10%. Trader's reward is paid only from a positive (profitable) amount. After trades are completed, Escrow Bank will automatically send a reward from deposited investor s account. Reward 15

16 We understand that a successful trader may attract a large number of investors, but we also assume potential financial losses for investors, which may be caused by inappropriate actions of a trader. In order to prevent investors from losses, we have provided for a cumulative system of rewards received for successfully completed smart contracts. It is an obligatory condition for traders in LCO and FTM. Escrow Bank will keep the sum of rewards for 29 completed smart contracts. How will it work? For example, a trader has successfully completed his first smart contract and received a reward for it to an Escrow Bank account, but he will be able to get this reward (for the 1 st smart contract) only after next 29 smart contracts are successfully completed. After the 31 st smart contract is completed, funds for the 2 nd smart contract will be available. Such an account keeps the following information Insured balance; Next amount available for withdrawal. Insured balance - is the sum of rewards for 29 smart contracts, an account will have a cyclical replenishment system and the possibility of withdrawal for traders. The next available amount for withdrawal - will display a reward for a previously completed smart contract. In the next updates of this document, we will publish clarifying information about all insurance events. Creation of a smart contract Minimum period of a smart contract is 24 hours. When a smart contract is created, the following conditions are taken into account: Period of a smart contract; Commission of a smart contract; Trader s conditions profile; Investor s budget; TT of a trader; TL of a trader Required deposit amount; L-Contract or F-Contract; 16

17 Active API keys. The commission for creation and maintenance of a smart contract is $2 for 1 period (24 hours). Status of a smart contract Completed smart contract A smart contract is considered to be successfully completed by both parties, when a trader generated profit for an investor and received a reward for it. Interrupted smart contract An investor can terminate a valid smart contract. The following cases give him such a right: 1. Number of loss making transactions prevails; 2. Lack of activity of a trader; 3. An investor wants to increase budget. 1. There are more loss making than successful transactions When a request to stop a current smart contract is sent, with an indication of the 1st clause, the system automatically verifies transactions of a trader within a current L- Contract or F-Contract and, in case a complaint is confirmed, a smart contract is terminated. If the complaint is not confirmed, a smart contract will not be stopped and an investor will have to pay penalties. Interruption of a smart contract can damage trader s credibility - a negative rating will be assigned in Trust Trader. 2. Lack of trader s activity In case an investor sends a complaint with the 2nd clause and after verification this fact is confirmed by the system, a smart contract is terminated, what eventually will affect trader's rating in a bad way. 3. An investor wants to increase budget If an investor chooses the 3rd clause, an active smart contract is paused, an investor is given time to replenish exchange deposit and deposited account, after that, a current smart contract will be continued. Information about this is kept both in trader s and investor s profiles, with a corresponding note that an investor has increased budget. 17

18 Penalties Applied to an investor False compliant there are more loss-making than profitable transactions Escrow Alliance will penalize an investor, if a request for suspension of a smart contract doesn t correspond to any of the clauses from the list of rules for smart contracts. Escrow Alliance will automatically debit 3% of deposited amount that was required to create a current smart contract and transfer it to a trader. The system will report it in a warning notification during selection of a compliant. False compliant lack of trader s activity When choosing a trader, a user should make sure that Trust Trader, which indicates the activity of a contractor, meets the requirements of an exact investor. In case a request to stop a smart contract is false, sanctions will be imposed on an investor, similar to those of a false complaint with an indication of the first clause. Withdrawal of LCO and FTM status Lack of funds on an exchange If an active smart contract reports an error (there are not enough funds in an account), caused by investor s withdrawing of funds from his exchange account after a smart contract is completed, status of LCO and FTM is suspended or withdrawn and Escrow Alliance will penalize an investor in favor of a trader. A fine in amount of 3% will be charged from an escrow account. Applied to a trader A trader can be penalized, in case investor s complaint with an indication of 1st or 2nd clause is confirmed by Escrow Alliance representatives. In both cases, a trader deals with a downgrade of Trust Trader rating. If number of complaints with an indication of 1st paragraph (more unprofitable transactions than successful ones) will exceed 5 per week and all of them will be confirmed a trader can be temporarily excluded from LCO and FTM for a period of 1 up to 3 months. 18

19 News aggregator Cryptocurrencies take their sustainable place in the financial market, where, in fact, "price of money" - the universal economic equivalent, is determined. This makes the cryptocurrency market very sensitive to everything that happens in the industry and within projects, coins of which are listed on exchanges. News is an extremely important aspect of the market and daily tracking of news feeds is an integral part of trading. CoinDAQ Terminal users will have access to a news aggregator, which in real time will open the way to news from all important thematic sources and media, as well as to popular tweets on cryptocurrency and related technologies. Pending orders Traders and investors will be able to create trading scenarios and open pending sell orders, indicating a high price, and then buy orders at a low price, or vice versa. This option will be available after completing of a special free training course and passing a test. Marketplace of exchange online services There will be a marketplace in CoinDAQ Terminal for those who want to buy or sell cryptocurrency for fiat money, and vice versa. All online exchange services connected to CoinDAQ Terminal will have a single interface and will have to go through verification procedure. Trading simulator As it was mentioned above, the trading simulator will have a number of functions that will allow amateur traders and investors to learn both from successful and unprofitable transactions of experienced traders. Training process will be accompanied by video, statistical images, graphs and interactive programs. All materials will reveal actions of a trader in different market situations. Master classes will be divided by training levels. The main idea of the simulator is that any user will be able to get not only basic skills, but also will get a chance to constantly develop and improve his abilities. 19

20 Messenger and mails An instant messaging service will allow users to talk and negotiate, send texts and files of large size, including audio messages and calls. Platform for trading The ecosystem of CoinDAQ Terminal includes a platform for trading on cryptocurrency exchanges with a single interface. CoinDAQ algorithms for market information, LCO and FTM features, news feed, forecasts from credible and successful traders, stream of charts, graphs and other stock information will be available for all connected exchanges. Main features of the trading platform are listed below: Single interface for all exchanges; Multi-window mode customize content of windows to your requirements. Up to 6 monitors at one time; Launchpad group coins in a window and watch their market tendency in real time, so to know, when to buy/sell; do it all in the launchpad just in 2 clicks; Investigate successful and unprofitable transactions of top traders;; Get personal recommendations and forecasts from credible traders;; Create a script for pending order Use built-in messenger and mails for communication. Isn t it great? The CoinDAQ team sets challenging tasks, the solution for which will bring truly necessary and useful product to the cryptocurrency industry for years ahead! Technical specifications of CoinDAQ CoinDAQ - Java and C++, database - PostgresSQL, MongoDB and Redis back end, electronjs front end, Spring Framework and Doker. 20

21 CoinDAQ Escrow Allianсe Escrow Alliance will be launched in CoinDAQ Terminal v.1.0 (please see details in the Roadmap ). During the open beta testing of the Terminal v 0.9.9, CoinDAQ will announce a date of recruitment of participants to groups of Escrow Alliance. Groups (or lobby groups) in escrow system are also called factions. The Constitution CoinDAQ Escrow Alliance is an association of individuals and entities for the purpose of decentralized management of the escrow system. Anyone of age 21 and above can enter the Alliance. It is assumed, that participants proposed ideas will influence the possibility of admission to a voting arena and possibility of choice of a candidate by other users. The Escrow Arena is a place for voting. There are 2 types of arenas: private and shared. Escrow Alliance influence Escrow Alliance groups can amend following conditions by voting in new regulatory projects every 6 months: Changeable conditions: Commission cost of a smart contract for 1 period; Minimum duration for 1 period; Determination of trader s commission; Deposit conditions; Change in the number of escrows from each of groups. Escrow Alliance factions To ensure maximum parity, the share of votes and the right to income are divided equally between 4 groups: 25% escrow-traders faction; 25% escrow-investors faction; 25% independent agents escrow faction; 25% CoinDAQ Escrow faction. Anyone wishing to become an escrow agent should first get acquainted with the CoinDAQ Escrow Alliance Constitution and with the conditions and regulatory features of smart contracts mentioned in this document. 21

22 The requirements for nomination to Escrow Alliance: Any type of KYC account; Pass a knowledge test of the Escrow Charter and the Constitution; Pass a knowledge test of functioning and conditions of LCO and FTM; Pay a fee: an individual - $50, a legal entity - $100 (in CoinDAQ tokens or in tokens of a partner); Age 21 and above. Independent escrow agents can t participate in LCO и FTM. An applicant for a candidate to a group of independent escrow agents, who has one of the status (LCO or FTM) will not be allowed to take part in voting, however he may choose traders or investors. Cyclical stages Stage 1 establishment of CoinDAQ Escrow Alliance factions 1. Submission of applications from potential participants to lobby groups - active for 14 days; 2. Voting of all CoinDAQ Terminal users choice of Escrow Alliance participants - active 7 days; 3. Winners buy EDAQ tokens; Stage 2 election of an Ambassador 4. A new window opens for accepting applications for registration of candidates for the post of an Ambassador - 48 hours; 5. The system selects 10 most active candidates; 6. Voting of all members of a group 3 days; 7. Selection of 100 escrow Attendants by an Ambassador; Stage 3 choice of a new regulatory project 8. Group members submit their regulatory projects for consideration - active 7 days; 1) All participants vote for a new draft regulatory project in their faction and choose one - 7 days; 2) Ambassadors of all groups bring new regulatory projects to the voting arena; 3) Preliminary voting stage - 7 days; 4) Final voting stage - 48 hours. 5) A regulatory project, which wins the most votes, becomes a winner. 22

23 Stage 1 Establishment of CoinDAQ Escrow Alliance factions 1. Submission of applications to lobby groups from potential participants After a new window is opened, incoming applications will be valid for 14 days. Each faction can have up to 2500 participants. After the above-mentioned admission requirements of Escrow Alliance are completely met, a participant should take the following steps: Open a buy order for a (share of) EDAQ token; Replenish a balance with a sum required for an order execution, in case users choose it. It is assumed, that if voters will have an access to information from an opened buy order for buying a EDAQ share, they will cast their vote in order to maintain share parity among group members. Information disclosed for voters: Acquired share of EDAQ; Completed profile; History of trades; Selected group to join the Alliance. 2. Voting of all CoinDAQ Terminal users - choice of Escrow Alliance participants After 14 days, collecting of application stops, the voting is on for next 7 days. Upon completion, a list of winners included in the groups is published, as well as information on an acquired share of EDAQ. 3. Winners buy EDAQ tokens Applications for the purchase of EDAQ tokens will be executed in turns - those who placed an order first, will receive tokens first as well. CoinDAQ reserves a 25% share, the remaining 75% in equal shares are provided for the purchase to above-mentioned factions. From the moment of acquisition of a share by Escrow Alliance groups, factions should accept or reject initial regulatory conditions put forward by CoinDAQ Ambassador. If there is a rejection by all parties, current conditions remain valid until new ones are accepted (please see more details below). 23

24 Emission of EDAQ tokens and their share influence in the voting and distribution of income per unit: CoinDAQ will release 10,000 EDAQ, which will be available only on the internal exchange platform; 7,500 of them will be sold to Alliance groups. The minimum amount of share ownership for a faction participant is 0.01%, equal to of EDAQ token. Each of lobby groups will be able to purchase 2,500 EDAQ. Only a holder of EDAQ token has the right to cast a vote at the final stage of voting and get an income from a smart contract s commission, in accordance with one s EDAQ shareholding. Alliance members who do not own EDAQ tokens are allowed to vote in the arena, except for final voting. Stage 2 Ambassador Interests of a faction are represented by an Ambassador. The latter is chosen every 8 months by voting of participants of a single group. Any holder of a share in the amount of 0.10% of EDAQ token from a faction, as well as an active participant of a lobby group, can become a candidate for the post of an Ambassador. Election of an Ambassador 4. A new window opens for accepting applications for registration of candidates for the post of an Ambassador active for 48 hours A window is active for 48 hours: during this period, all participants of three groups of Escrow Alliance (except for CoinDAQ Escrow) are given the opportunity to nominate their candidate for registration for the post of an Ambassador. CoinDAQ itself will be represented by a staff member - Ambassador. 5. The system selects 10 most active candidates From those who registered their candidacy for the post of an Ambassador, the system selects 10 most active participants from a current faction. Activity is determined by their contribution to the development of a group. Selected candidates must draw up their own plan of lobbying within 5 days. 6. Voting of all members of a group 3 days 24

25 After an Ambassador s plan is published, voters can cast their votes. All members of a current group take part in election. A winner must select 100 Escrow Attendants within 7 days. Functions of an Ambassador Dispute settlement with colleagues from other factions; Lobbying; Choice of Escrow Attendants; Complaints and escrow regulation verification control by Escrow attendants of a faction; Supervision and participation in choosing of a new regulatory project in a group; Publication of a new regulatory project selected by all CoinDAQ users in the public voting arena Selection of 100 Escrow Attendants by an Ambassador During the entire voting period, any member of a faction can nominate his candidacy for the position of an Escrow Attendant. Anyone wishing to do this, should respond to a job ad from CoinDAQ. Tthen an Ambassador of a single group selects 100 Escrow Attendants. Stage 3 Choice of a new regulatory project 8. Group members submit their regulatory projects for discussion - active 7 days 1) All members of a faction vote for a new regulatory project and choose one - 7 days; 2) Ambassadors of all groups bring new regulatory projects to the public arena; 3) Preliminary voting stage - all CoinDAQ users vote for a new regulatory project - 7 days; 4) Final voting stage 2 new regulatory projects, with the highest number of votes, are available for voting by factions active for 48 hours; 5) A regulatory project with the highest number of votes is declared a winner. Any holder of a stake in amount of 0.05% or more can bring a draft regulatory project to a faction s internal arena for discussion. Publication of a draft project is allowed as a complete package, as well as individual ideas, partially affecting changes in existing conditions. 8.1) All participants vote for a new regulatory project in their faction and choose one - 7 days 25

26 After draft regulatory projects are selected, they are submitted to all members of a faction so they can vote. 8.2) Ambassadors of all groups take new regulatory projects to the voting arena The project, that received the largest number of votes in a private voting, is submitted to the public arena. If a group didn t manage to offer a new regulatory project to voters of the public arena within 14 days, then this faction loses its chance of lobbying. 8.3) Preliminary voting stage - 7 days After a new regulatory project is submitted to the public arena by all Ambassadors, all CoinDAQ Terminal users, except for faction members, are allowed to vote for a new regulatory project within 7 days. 8.4) Final voting stage - 48 hours Two regulatory projects that received the most votes in a preliminary voting are selected by four factions over the next 48 hours. 8.5) A regulatory project with the most votes, becomes a winner New rules come into force in 48 hours and will be valid for next 6 months. Responsibilities of Escrow Attendants All smart contracts are monitored by Escrow Alliance. The responsibilities of Escrow Attendants include the following tasks: Verification of complaints concerning smart contracts; Imposing of penalties. After an L-Contract or F-Contract is successfully completed, a smart contract automatically sends a reward to a trader's account in Escrow Bank. If investors send complaints after a smart contract has been completed, Escrow Attendants of all factions need to verify a complaint and take appropriate actions. Application of sanctions The decision on an application of sanctions should be made by 3 of 4 factions. To do this, three Escrow Attendants of a current group should confirm a violation and notify an Ambassador. After a violation is verified and confirmed by an Ambassador, a sanction is 26

27 imposed. Such actions must be taken by at least 3 factions, otherwise a sanction will not take effect. All sanction options have been described above. It is worth emphasizing, that the CoinDAQ team pays special attention to achieving of successful cooperation and satisfaction of all parties to an L-Contract or/and F- Contract. In this regards, strict restrictions are set. If one party files a false complaint about another, we will take it as an attempt to undermine an image and lower rating. For such actions, sanctions described above will take effect from the time of confirmation. Payroll and reward CoinDAQ takes all responsibility for a payroll of all Ambassadors and a reward for Escrow Attendants and guarantees timely monthly payment in tokens of the project on the 25 th of every month. Summary Why do we create Escrow Alliance? We want to achieve maximum decentralization in the management and regulation of transactions within both L-Contract and F-Contract and we are convinced that only such an approach will lead to real success. 27

28 Accounts and their status There are different types of accounts in CoinDAQ Terminal and each of them will have its own status. Types of accounts: Individual; Corporate; Multi-account. Status: LCO; FTM; Ambassador; Escrow Attendant; Independent Escrow Agent; Investor; Trader; No status. Individual account This type of an account can be changed to a corporate or multi-account. An individual account is intended for individuals. This account can be assigned to any of the abovementioned status. Corporate account This type of an account is intended for companies. It will be convenient for groups of people working in one company. Such a license presupposes a connection of an unlimited number of users within one corporate subscription. The above-mentioned types of accounts can also have dual status: Or Trader/Ambassador; Trader/Escrow Attendant. 28

29 Or Investor/Ambassador; Investor/Escrow Attendant. Independent Escrow Agent/Ambassador; Independent Escrow Agent /Escrow Attendant. Corporate accounts can not get an investor s and trader s status simultaneously. For such a purpose, we developed a multi-account type. Multi-account This type of an account has only one limitation: no CoinDAQ Terminal user with a multiaccount subscription can be a member of Escrow Alliance. Accordingly, he is precluded from an opportunity to receive a status of an Ambassador and/or Escrow Attendant, but corporate clients with such a subscription will be able to get status of traders and investors. Any account without participation in Live Copy Order and Financial Trust Management systems will be able to access the functionality that provides market monitoring and analysis, as well as access to a trading platform and other functions mentioned above. 29

30 Subscription CoinDAQ Terminal will be distributed by a subscription with minimum period of 12 months. Types of subscription: Demo; Test period; Paid. Demo This type of subscription provides full functionality of CoinDAQ Terminal, but demo period is limited by 14 days from the date of activation. Test period This type of subscription gives anyone a possibility to use the terminal for free during the development period. This license will be terminated when CoinDAQ Terminal v.1.0 is out. Paid subscription A standard subscription that provides full access to the functionality of CoinDAQ Terminal. Minimum period of paid subscription is 12 months, the price is $990. This price will be valid for CoinDAQ Terminal, starting from 1.0 version. To use any type of subscription, please register an account at 30

31 Subscription limited time offer The CoinDAQ team plans to conduct an initial subscription limited time offer at low cost. Pricing policy during limited time offer: 5,000 subscriptions - $59; 3,000 subscriptions - $149; 3,000 subscriptions - $390; 2,500 subscriptions - $490; 2,500 subscriptions - $590; 1,000 subscriptions - $690. 1,000 subscriptions - $ ,000 of subscriptions will be sold as part of our initial limited time offer before CoinDAQ Terminal v.1.0 release. Sales partners The CoinDAQ team came to the conclusion that to establish mutually beneficial relationships with exchanges and other partners, it is crucial to provide them with an exclusive offer of our referral program. Partners will receive up to 25% discount, which they will be able to provide for their users. A partner has the right to independently distribute a discount, giving their users a part of a discount when paying for a subscription and keeping the remainder as a commission for a sold license. For example, a partner s discount is 25%, a subscription price is $100. A partner provides users with a discount of 10% of 25% available. There are still 15%. A user pays $90, activating a 10% coupon, a partner receives a commission reward of $15. All participants of our Referral Program will have a personal profile on a website or in CoinDAQ terminal, where they will be able to distribute their discount between themselves and users. The discount will decrease. This is directly related to subscription price increase: 5,000 subscriptions - $59-25% bonus/discount; 3,000 subscriptions - $149-15% bonus/discount; 3,000 subscriptions - $390-12% bonus/discount; 2,500 subscriptions - $490-10% bonus/discount; 2,500 subscriptions - $590-7% bonus/discount; 31

32 1,000 subscriptions - $690-5% bonus/discount; 1,000 subscriptions - $749-3% bonus/discount. Potential partners: Exchanges; Thematic media, news feeds and blogs; Chats in Telegram and Discord; Communities and groups in social media Twitter, Facebook, Reddit users; Bitcointalk users; Cryptocurrency projects; Other cryptocurrency information services. When making transactions via CoinDAQ Terminal, traders and investors will be guided by the information collected by CoinDAQ algorithms from exchanges integrated in the terminal. This will encourage our users to make transactions on the exchanges that are available in CoinDAQ. We have confidence that even at an early stage, the integration of cryptocurrency exchanges into CoinDAQ Terminal will help to attract new users, keep old ones, and increase the awareness of an exchange in general. A discount for partners may vary from 10 to 25%. All cryptocurrency exchanges, which will be integrated into CoinDAQ Terminal, will receive 25%. Other discounts will be calculated upon request. A purchased subscription can be transferred to another account, in case it has not been activated, and both accounts have a confirmed KYC. Validity of a purchased subscription begins from the moment of its activation in the system. Acceptance of payment The CoinDAQ team will provide a wide range of options of paying for a subscription and is ready to accept more than 20 cryptocurrencies as a payment. At the time of writing the current version of White Paper, we have already decided that we will accept the following cryptocurrencies: VergeCurrency (XVG); ReddCoin (RDD); DigiByte (DGB); NEM (XEM); Komodo (KMD); 32

33 Dash (DASH); NavCoin (NAV) Groestlcoin (GRS) The complete list of cryptocurrencies will be published in this document before the start of subscriptions pre-sale. All cryptocurrency projects coins/tokens of which we plan to accept as a payment, will inform their community about our cooperation on social media and by other official communication channels. This is quite a large potential audience for CoinDAQ and we really thank our partners for such an agreement. 33

34 CoinDAQ Terminal application As mentioned above, the terminal will be a cross-platform application for Windows/ macos/linux, smartphones and tablets on ios and Android. Our desktop application will be made on ElectronJS. A customizable working area will be available on 6 monitors - it wil help to group blocks for users and always stay aware of all important news and events. Users will get a trading platform, which provides access to 200 cryptocurrency exchanges, with original information algorithms developed by CoinDAQ. After choosing an investment object on an exchange via the terminal, a user will immediately be able to get all market information processed by CoinDAQ algorithms. Out-of-the-box solution for masternodes Trading on an exchange requires 24/7 monitoring of the market. Obviously, you always need to be online. That is why we decided to integrate an out-of-the-box solution for masternodes into our desktop application. Those who want to get passive income from masternodes, will be able to choose an attractive cryptocurrency/masternode, replenish a mandatory deposit and activate the work of a masternode in one click. The list of cryptocurrencies that allow you to create a masternode in CoinDAQ will be published in the next updates of this document. 34

35 Information processing algorithms We develop a trading platform that includes algorithms showing an exact market situation. Information processing algorithms are an essential part of the CoinDAQ project and they are being designed to provide a fundamental analysis of an investment object. Before opening an order, a trader or an investor will be able to get the following information: IRN (Interest Ratio Now); CV 24h и CV 24h HIGH (Coin Volume); CTV (Closed Trade Volume); CTD (Coin Trend Now). IRN Traders' interest in a coin in a current market, shown in percentage terms, divided into BUY and SELL. The IRN algorithm shows orders from a depth of market that most likely will be executed. BUY and SELL indicators may vary depending on dynamics of trades and interest of traders in a coin in a current market. Also, IRN includes a historical background for the last 24 hours/week/month, divided into minutes and hours. For example: IRN: BUY - 40% - want to buy; IRN: SELL - 60% - want to sell. CV 24h and CV 24h HIGH Reflects a trading volume of a coin in a current market. CV 24h indicators can fluctuate depending on a growth and decrease in a trading volume, but CV 24h High captures the maximum volume that was in CV 24h. This will allow investors and traders to understand that a market changes its direction, but this information needs to be backed by data from other algorithms. CTV Reflects a volume of completed orders from a depth of market on an exchange, divided into BUY and SELL. Shows a volume of buying and selling of a coin in a current market. 35

36 Numerical values in BUY and SELL only accumulate and do not change depending on decrease or growth, as it happens in CV. This information allows users to understand the history of trading in simple figures. CTV can also be analyzed within time frames that will allow users to study the past dynamics and compare it with the current IRN and CV dynamics. These indicators will provide information on growing or decreasing interest in an exact cryptocurrency asset. Scanner The scanner of similarity compares current and previous historical data, with the possibility of selecting intervals. The main purpose of the scanner is to show what price was in the next 24 hours in comparison with the most similar data found. In MVP, the scanner compares only CV and displays a similarity of 80% and above in a search result. The scanner is also being developed to compare IRN, CV, and CTV. CTD Coin Trend Now simulates a forecast of future trend based on data from IRN, CV, CTV and Scanner. Coin Trend will not forecast an exact price of a cryptocurrency; it is designed to show the likelihood of rising or decreasing demand for a cryptocurrency asset. All algorithms will show information about crypto asset in a current and global market, including its dynamics (IRN, CV and CTV), in the range from minutes to one month. This will allow you to understand a general trend before making a decision to sell or buy. In the current version of White Paper, we decided to omit some details related to the algorithms, and also postpone the announcement of other, not yet mentioned algorithms, to a later version of this document. 36

37 Tokens Tokens are an integral part of the CoinDAQ Terminal project and there will be 2 types of them in the ecosystem: 1. DAQ token; 2. EDAQ token. The NEM blockchain Mosaics will be used as tokens. DAQ token It was mentioned above about the deposit of funds for guaranteed payments to traders. Freezing of funds on a special Escrow cryptocurrency account and payment to a trader, as well as payment for a smart contract commission, will be made by DAQ tokens/partner tokens. In order for an L-Contract or F-contract to be activated, an amount in a deposited wallet must be positive; those who do not have enough funds need to buy more DAQ tokens/partner tokens on an exchange and replenish their escrow account. This will guarantee their economic circulation. Also, DAQ tokens/partner tokens will be accepted as a payment for a CoinDAQ Terminal subscription. EDAQ token EDAQ will be offered on the internal CoinDAQ Terminal exchange platform, it will be possible to buy them only for DAQ. Emission of tokens DAQ; EDAQ. Many people wonder, how tokens of this or that project are backed? Answering this question in relation to CoinDAQ Terminal, one can draw an analogy with projects that exist outside the cryptocurrency and blockchain industries. Let us suppose, there is a platform, on which some users generate content, while others consume it. Obviously, there will be more of those who consume. How does it work? For example, some event has occurred, and people distribute information about it on this platform, such a publication begins to be shared all over the Internet and hence views are increasing. Users can discuss news and get information first. A mandatory condition is that everyone who consumes or generates content has to 37

38 watch a lot of ads to use a platform for free. You might have already guessed that we are talking about Facebook here. How are Facebook stocks secured and what is their value? Is it valuable because it s a stock? No! The value of Facebook is in its content and users that generate it. No content = no readers, what means that the company will not get any income. This will directly affect the value of one Facebook stock. The value of CoinDAQ, as with Facebook, and with any other technology startup whose stocks or tokens are already listed on exchanges, is backed only by a technology that is the main value of the company, and that is why investors put their money in it. Tokens of partners We do not want to limit the choice of users and therefore consider tokens of our partners that can be integrated in the escrow system for deposit. At the time of writing the current revision of this document, we have not yet defined which tokens will be integrated into CoinDAQ Escrow. For partner tokens, this will be a stimulation of additional circulation and CoinDAQ will get an attention from holders of these tokens. With the achievement of agreements with partners, information about this will be added to the new version of White Paper. 38

39 CoinDAQ Core MVP Explanatory Statement The CoinDAQ team makes every effort to carry out the project and pays special attention to the open beta testing of CoinDAQ Core. Those who wish to take part in the beta test can send a request through the appropriate form on the project website. Access to MVP: Link to MVP: CoinDAQ Core v (24/10/2018) Contacts: Business inquiries: bd@coindaq.net Support: support@coindaq.net Disclaimer: The CoinDAQ team is not responsible for the loss of your money due to the fact that you relied on information from CoinDAQ. Operations on cryptocurrency exchanges are of a high level of risk. Trading on cryptocurrency exchanges may not be suitable for all investors. Invest only money you can afford to lose. The CoinDAQ team reminds you that all cryptocurrency prices, trading volumes, etc. are provided for your information and should not be taken as recommendations. 39

40 Risk factors Potential risk factors that you should consider regarding the CoinDAQ project are listed below: The company will not be able to raise enough funds for the development of the CoinDAQ Terminal; DAQ and EDAQ can be influenced by negative tendencies of the cryptocurrency market and their value may significantly depreciate due to events on the market that are not related to Company's actions; CoinDAQ Terminal will have a complex software platform and its launch may be significantly delayed due to unforeseen obstacles to development and promotion; Competition may offer the same or better solutions, what may lead to the loss of DAQ and EDAQ market share and ultimately they will not be able to fulfill their role in the CoinDAQ Terminal ecosystem; Cryptocurrencies are extremely volatile; DAQ and EDAQ may also be affected by this volatility; International laws and regulations may make DAQ and EDAQ trade impossible; Use of DAQ and EDAQ tokens may be controlled by government agencies and regulatory bodies; Possession of DAQ and EDAQ may be subject to new and previously unforeseen tax laws that could undermine their advantages; The company will not be able to give the necessary impetus to the adoption and distribution of DAQ and EDAQ or CoinDAQ platform, what can lead to lack of liquidity and a decrease in the volume and number of transactions. 40

41 The core team Irbayhan Goytemirov CEO, Founder In IT industry since 2000, in blockchain industry since Graduated from Moscow Modern Humanitarian Academy in 2004, the department of Information technologies and computer science, bachelor. Knows Python, HTML and CSS3. Participated in different projects as a UX/UI designer during the last 6 years. Also a crypto investor. Alexander Tihonov Software engineer Knows how to work with almost everything linked to Web Technologies, php, c- extensions, Zephir, Phalcon, Web3, Blockchain. 10+ years of experience in software development. Participated in the development of games and game algorithms, as well as in the development of web services and applications. Vladislav Cheremisin Software engineer 3+ years of Java programming. Worked with Javascript and different frameworks, such as Spring and Hybernate. A self-taught programmer, who loves and knows how to solve difficult tasks. Graduated from D. Mendeleev University of Chemical Technology of Russia. In blockchain industry since Has analytical mind and teaches maths in his spare time. Sergey Edziev Software engineer Front-end developer. Engaged in cross-browser and cross-platform development of web services for 5 years. Participated in the development of big platforms for creation and development of internet projects. Stack technologies: html, css, preprocessors, javascript. Denis Shpuganich Software engineer CEO of While Web Production. Engaged in professional Web development for more than 5 years. Perfectly knows PHP programming, popular engines, frameworks, databases. Has vast experience of teamwork in big projects. 41

42 Roman Ukhanov Marketing More than 7 years in marketing. Was responsible for development of the following brands: STS Channel, Domashnie Dengi, DTV, RosEvrobank, Absolut Bank and many others. Worked with strategic marketing departments, was responsible for the development and implementation of global brand strategy of a company and development of digital marketing and business. Sergey Frolov Communication with foreign partners Responsible for communication with foreign partners. Graduated from the Faculty of International Relations and World Politics of Moscow State University. Has vast experience of networking and establishing cooperation between people from different countries. 3 years of experience in international purchases and procurement. For more than 5 years translates/interprets/edits texts on different topics. Also responsible for English language adaptation of technical and other documentation of the project. Mahmud Ahrorov Sales, Partners Graduated from Guangdong University of Foreign Studies (GDUFS, China). Fluent in several languages, including Chinese. Worked at Apexto Electronics Ltd and VP-Trading. Leads sales and networking in Asian region. 42

43 Advisers Leonid Talalaev Software engineer Leonid has a master s degree in applied mathematics of Moscow State University. He has 15+ years of experience as an architect and team lead of financial, highload and distributed systems. Currently works at Mail.Ru Group on internal cloud platform for Russian social network ok.ru, with 200+ millions of users. Previously he worked on machine learning antifraud system, which processes billions of events per day. He also designed from the scratch a business automation system for iiko.ru a startup which became the industry leader in Russia. He is also a big blockchain enthusiast. Being not only a developer, but also a mathematician, he advises blockchain projects on architecture of distributed systems and cryptography Sergey Sorokin Software engineer Full-stack developer, team lead. 10+ years of developing experience. Participates in designing and development of financial CRM systems and web applications for investment companies and stockbrokers, including those connected to cryptocurrencies and blockchain. Klim Geran Head of NEM Russia 43

44 Mihael Radoslovic Verge Currency Core Team Manuel Cabras Verge Currency Core Team 44