EXCHANGE INFINITE. Website: Note : This is not a white paper. This is a pre-whitepaper executive summary.

Transcription

1 EXCHANGE INFINITE Website: info@xinfin.org Note : This is not a white paper. This is a pre-whitepaper executive summary.

2 PROBLEM OVERVIEW The state of the world has evolved after the information technology and internet proliferation in the last 20 years. Today we are able to get any information at the click of a button in a matter of seconds. Our way of communication and sharing data has seen enormous improvements and the world is extremely connected. Everyone knows what is going on elsewhere in the world. Global trade and commerce has been truly enabled and it is a flat, interconnected world. Blockchain technology entered as a tool for the next generation of money and finance. While Bitcoin has become a peer to peer decentralised cash system, Ethereum brought programming logic to the peer to peer decentralized cash system through smart contracts. Ripple has set up a network with banks with a mechanism of instant payments and settlements globally. While most of the blockchain world is running as an unregulated show, xinfin.org has identified project and infrastructure financing as a promising use for blockchain in the regulated world. Xinfin.org is established by a group of individuals who have been part of the project financing industry for many recent years. Our team has liaised with institutions and governments for financing infrastructure projects in the past. We see that there is a big opportunity to bring glamour to the neglected industry of infrastructure financing and help the governments with their dire need for meeting the infrastructure finance deficit. Xinfin.org is also enabled as a decentralized platform that lets peer to peer financing of real world projects. To put some of the facts straight, in spite of the boom in the internet, information technology and smartphones : There is an enormous gap in public infrastructure needs of the government. There is over $1 trillion in annual infrastructure deficit. Over 1.3 billion people almost 20% of the world s population still have no access to electricity. About 770 million people worldwide lack access to clean water. 2.5 billion people in the world don t have adequate sanitation. 2.8 billion people globally still cook their food with solid fuels (such as wood). 1 billion people worldwide live more than a mile from an all-weather road. The question we need to ask ourselves is, are smartphones, IT or the internet going to solve this problem? While liaising with finance teams from various state governments, it was learnt that investors usually tend to choose glamour over basic needs. There is more appeal in the silicon valley IPO than financing a hospital, a sanitation or a water supply project.

3 PROBABLE SOLUTION Xinfin.org has built a private permissioned blockchain platform over the Ethereum network. The smart contracts have been mapped to real world contracts for project financing except for one major change. Xinfin.org has allocated up to 25% of the underlying blockchain tokens that are available to financiers as a bounty/cashback for financing infrastructure projects. The native token XDC also acts as a real time gross settlement mechanism for the transfer of funds and trades. This will add glamour to what has been a highly critical, need-based yet unattractive industry. The bounty or cash back of up to 25% of the tokens motivates financiers to take up financing projects. When Blockchain tokens are created they are defined with the fixed set of supply over the period. That creates a scarcity in the market and almost every blockchain based token that has been launched has appreciated in value many times over because of the urgency showed by its buyers over the limited supply. We believe that the bounty of cash back tokens and its inflation proof nature and potential for increasing in value will let the financiers offer easy terms to finance real world infrastructure projects. Our initial discussion with buyers, suppliers and financiers have given positive feedback to the business model. HOW DOES IT WORK? State government A wants to finance a road that will cost $4 million to build. With the current system of financing, no financier will show interest in the project because of the underlying depreciation of unlimited issued fiat currency. Government A needs to fund the project anyway, so it borrows the money at a high interest rate and increases taxes on its people to finance the project. On the Xinfin.org platform : Government A can source the best technology available for building the roads. It can source a new technology that provides significantly lower costs to build. It can either finance its own project with the 25% cash back bounty or other financiers can do so. The standard financing term can even be at 0 percent and linked to source or destination fiat currency. It can enable global trade finance using XDC tokens with its real time gross settlement mechanism on the tradefinex.org platform. With the limited supply of XDC tokens gradually appreciating in value, the financier will realize significantly higher returns on investment.

4 PROOF OF CONCEPT The financing team at xinfin.org has initiated talks with several countries, states and national governments and government-backed institutions. There is a tremendous response for using this mechanism as a much-needed bridge to the infrastructure financing gap. We are undertaking Proof of Concepts with small initial projects with real money and bringing them onto our marketplace platform that will make sourcing and financing projects an easier task for buyers, suppliers and financiers on the same platform. We have interest from hospitals looking to acquire machinery, low income counties who want to build their tourism spots, counties seeking efficient farming equipment, new techniques and cheaper ways to build rural roads and transport, farming institutions looking for training and elearning programs or alternative ways to hedge weather risks. OUR SOLUTION Xinfin.org is currently building a global marketplace of buyers, sellers and financiers built on blockchain technology. Xinfin.org can be used by individuals and institutions as well as governments. Xinfin.org unleashes the power of blockchain technology by: Bringing global buyers and sellers to a common platform. Providing Real Time Gross Settlement to buyers and sellers native token called XDC, built on a private blockchain derived out of the open source Ethereum platform. Providing a platform for financiers to finance projects through XDC as a underlying value token. Providing comprehensive smart-contract capability for seamless execution of projects with full transparency and an immutable audit trail. Providing smart-contract functionality for repayment of financing. Giving financiers flexibility with inflation-proof underlying token to provide friendly financing terms for the projects. Incentivizing financiers with cashback XDC tokens to finance projects and hedge risks as well as benefit from the upside of appreciation in XDC value. Allowing the buyer to hedge the risk by choosing to repay the original amount in preferred fiat currency (via XDC at market rates). Giving individuals the power to initiate projects, crowdsource for support and ultimately getting them financed for execution.

5 OUR SOLUTION Xinfin.org s main target in the long run is to provide a credible blockchain-based globally accepted token. To bring in large institutions, including the government, to its marketplace platform to source funding for projects. Secure Authorisation from the government for the token. Government-owned banks or regulated financial entities officially act as market makers/exchangers for the token. THE NEED Global Infrastructure deficit is $1 Trillion. There is a gap in global supply chain or connectivity to supply chains on a real-time basis. Lack of global real-time gross settlement networks (before blockchain). THE OPPORTUNITY Cryptocurrency is a crowded market. Currently it is speculation driven with very few actual use cases. Governments have no clear stand on cryptocurrencies and there is a risk that governments may ban them altogether or come up with their own versions. In the future, only government-recognised or issued cryptocurrencies will survive. Why will the government recognise a cryptocurrency? A platform that helps governments bridge the infrastructure deficit through better term infrastructure financing is necessary. Connecting global suppliers, shippers and talent to the platform. SAMPLE PROJECTS ON THE XINFIN.ORG PLATFORM: Digital Learning Prefabricated Housing Farmer Training Cold Storage Rural Roads with New technology Transportation with New Technology

6 FUNDING AND CURRENT STATUS Xinfin.org was funded by its initial founders and the private permissioned blockchain over Ethereum has been set up. The financing platform/marketplace is in alpha mode testing. Xinfin.org is opening up pre-ico tokens which are about 5% of the total supply to a group of private investors. Xinfin.org plans to open up its ICO at the time of live projects financing on its marketplace platform. TEAM Xinfin.org has a core team of around 20 people spread across India, China, Singapore, and Australia with a great deal of experience in blockchain, cloud computing, government liaising, institutional financing, project financing, software development, UI development, law and compliance. LEGAL & COMPLIANCE SETUP Xinfin.org is being registered across Singapore and Switzerland as a Fintech Company which can list tokens as Appcoins or shareholding assets. FACILITIES Globally accepted debit card to withdraw equivalent fiat currency as per the exchange rate Send and receive XDC through wallet Buy XDC against BTC, ALTCOIN or any fiat currency WHITE PAPER A detailed white paper is being prepared and will be released before the crowdsale of tokens (ICO).

7 TECHNOLOGY SETUP Xinfin.org is a marketplace under construction with comprehensive functionality for the buyers and sellers mentioned above. The native token named XDC has been set up on Ethereum in a private cloud environment. Because of its setup in the private permissioned environment, there is no dependency on ETH or gas. Here are the specifications : Blockchain Asset Code : XDC Type : A new platform derived by making changes to open source Ethereum codebase Total Number of tokens : 100 billion (Please check website for current rate) Can be purchased on ewallet.xinfin.org with Buy XDC option using BTC or ETH Allocation Core Team 25% Xinfin.org Foundation 15% Philanthropic and Donations 5% Pre-ICO Sale 5% Open Market ICO Sale 5% Financier Bounty/Cashback for Financier (25%) Node Hosting Rewards Available in Master Wallet for Funding Operations Only 10% of the remaining supply will be available every year in the open market for financiers (primary + bounty/cashback) 25% 6.25% 10% 3.42%

8 PHASES OF EXECUTION Pre-ICO Sale : May-June 2017 (5% of the tokens) Total Capital Required: $2 million Planned XDC Exchange Listing : From June 2017 Phase 1 : Seed Steps : Setting up XINFIN Foundation, Singapore, Switzerland Setting up compliant corporate and non-profit structure in Singapore and Switzerland Secure letter of intent from at least 4 state-level governments to raise the funds through the xinfin.org platform Getting the xinfin.org marketplace platform ready Release of white paper in all global languages. Registering global suppliers and contractors who are interested in working on decentralized/ institutional/ government contracts Phase 2 : Business development, infrastructure tendering consultants, supplier enrolments, government liaising (up to 2 years) Initial Crowdsale (ICO) Rate : 5% of the tokens (to raise at least $25 million from the open markets, the rate will be much higher than the pre-ico rate ) Set up institutional financing liaising team to liaise with governments globally. Promote peer to peer decentralized projects and financing. Phase 3 : Up to 10 years Financing up to $1 billion in institutional projects Our focus is enabling Enterprise grade architecture for global trade finance.

9 Other cases being developed on XDC as a token: Trading of idle, unsold or rapidly depreciating inventories, global remittances and payments Open APIs : Xinfin.org is launching the open APIs for integration into its wallet and underlying XDC token for businesses, banks and institutions to build use cases on.