I8COIN - WHITE PAPER - V1.2 - JULY, 2021
Original date: January 15th, 2021.
Last Updated: July 25th, 2021
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± SUMMARY
± Introduction
± 2. The I8COIN Token
± 3. The composition of I8COIN
± 4. Network Distributions
± 5. Storage
± 6. Settlement
± 7. Allocation Distribution
± 8. Script / Timeline
± 9. Resonsabilities
± 10. Glossary
INTRODUCTION
The I8COIN is a digital token that consists of a basket of cryptocurrencies. The components of the I8COIN are cryptocurrencies purchased with the proceeds from the sale of the I8. Therefore, the value of the I8 TOKEN is linked to the value of the cryptocurrencies contained in the basket.
I8COIN can be purchased, redeemed and transferred using the Blockchain Waves platform or directly from I8COIN.
I8 tokens are issued on a public blockchain so they can be traded. The I8COIN was created to bring more convenience and simplicity when it comes to acquiring cryptocurrencies. Hence, users can obtain a basket of cryptocurrencies by purchasing a single token. Tasks such as custody, negotiation, storage, research and analysis, security and tracking are carried out by I8COIN.
Its purpose is to bring ease, practicality, transparency and security to the investor holder or trade, as it dilutes the purchase portfolio, thus minimizing the market's operational risks through the negotiation of this Unity.
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The I8COIN Token
I8COIN tokens are created and hosted on the WAVES (WAVES.EXCHANGE) blockchain. As with any cryptocurrency, the token is public, which means that its provision and transactions can be verified against the blockchain. Furthermore, it allows the token to be accepted and supported by third parties such as trading and trading platforms.
a. Token release
I8Coin tokens are 100% generated and already mined with the total tokens of 128,000,000 (one hundred and twenty-eight million units), which means that a token can only be traded due to its actual existence in the blockchain through trading on its own or on the I8Coin Direct Platform.
I8COIN only holds custody of unsold tokens while provisioned according to the Whitepaper disposition flow.
The I8 tokens have a LIMITED supply, which means that there is a supply flow in advance according to demand benefiting the number of tokens of their holders.
B. Redemptions
Tokens can be traded on the Waves blockchain, giving more and full transparency to I8COIN.
The I8Coin Platform may provide rewards and bonuses in order to leverage the positioning of the token, always using the pair BTC/I8Coin, Waves/I8Coin, USDT/I8Coin, or another to be listed according to its liquidity level.
The specific platform of I8Coin itself, according to pre-established criteria, may repurchase these rewards with the scored pairs, or others with a high degree of liquidity as demand, in order to further streamline its positioning.
I8 tokens are resold on redemption, which means that the tokens are destroyed when redeemed on the I8COIN Platform or immediately resold to people or purses demanding the token, thus avoiding dilution.
To avoid unnecessary turnover costs, which can negatively affect token value, all redemptions fall under a minimum retention period of 30 days on the I8COIN platform. In addition, redemptions are available on demand according to the user criteria of the I8Coin Platform, or in the form of a Trade directly on the blockchain.
I8COIN imposes fees and minimum amounts on redemptions if deemed necessary to cover the costs of trading and avoid devaluation of the Token I8Coin Token. Fees and minimum values will always be updated on the I8Coin platform.
c. Transactions
I8COIN is a public token, therefore, it can be used freely by its holders and third parties; by people and institutions as exchanges; trading platforms and wallets can carry out transactions using the I8 token. I8COIN is not responsible for any problems arising from third party transactions, or their terms of negotiation, buy or sell price, as it is an independent active operation and free to each user when on Blockchain.
The only transactions previously scored will be those carried out within the I8Coin Platform.
d. I8 TOKEN price
The price of the I8COIN token is fixed based on the value of its components, its components being published on the I8COIN Public Page and calculated by dividing the net amount of its component coins by the amount of offer in circulation. Therefore, the component price is the price of each specific cryptocurrency that makes up the I8 and is determined by the last traded price on the Exchange selected for the operations (Waves.exchange).
The following components determine the price of the I8COIN token:
Ø Component price;
Ø Quantity of components;
Ø Component value;
Ø Gross value of the components;
Ø Custody fee;
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1. The Composition of I8COIN
Ø Component price
The component's price is determined by its last traded price on a cryptocurrency exchange selected for daily trading of trades. Exchange selection is based on prevailing commercial conditions. We work with secure exchanges that best represent market prices, in addition to offering a cost-effective rate table. The price of each component is always displayed on the I8COIN Platform. Component prices are quoted at the last traded price on any Exchange selected for the trades.
The I8COIN is comprised of 10 cryptocurrencies ranked by their market capitalization and with strong growth potential. Users registered on the I8Coin.com Platform will be able to vote for 2 cryptocurrencies to be kept or added to the basket, according to the criteria to be defined by I8COIN.
At this time, I8Coin will operate trading portfolios and, for quotation purposes, the Exchange BINANCE.
Ø Component Value
The component value is calculated by multiplying the Price component times the component quantity. For example, if the Bitcoin price is 8,000.00 TUSD, and we currently have 17 Bitcoins, then our Bitcoin value is calculated:
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8,000 TUSD x 17 BITCOINS = 136,000 TUSD
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Gross Value of Components (GVC)
The gross value of the components is calculated by adding all the values of the other currencies that make up the baskets. Therefore, this is the gross value of the entire basket. For example, in the table below, 1 I8COIN is the sum of all the percentages of the cryptocurrencies that comprise it:
https://preview.redd.it/1dle8rz4gud71.png?width=302&format=png&auto=webp&s=7531859544da34ebe78ee0f12833c5022ac31510
Composition maintained until completion of Pre ICO, ICO, sedimentation and opening of the first round of active user participation (Estimated period 120 days after Pre ICO)
I8Coin will make public to users its transaction portfolios (different from the custody portfolio – for security reasons) of each currency that it composes as a transparency factor, demonstrating the smoothness and transparency of its applications.
This composition included an exhaustive collaborative and analytical study of operations, taking into account market behavior.
Let's see (based on the references placed):
https://preview.redd.it/x9knpxebgud71.png?width=567&format=png&auto=webp&s=d9045305fe175091120f196a0732ca1309b471f9
https://preview.redd.it/z87p1iccgud71.png?width=567&format=png&auto=webp&s=371d48c5e19e5c280bb854234e98400c1eaa24b7
FIRST ROUND:
After the first Closing Change for price analysis: Closing Change 1 = + 7,42%
https://preview.redd.it/il5oswsdgud71.png?width=555&format=png&auto=webp&s=f820900f3e99f69e9874c82a28695223dd542db4
SECOND ROUND:
After the second Closing Change for price analysis: Closing Change 2 = + 42%
https://preview.redd.it/3jmigxkegud71.png?width=549&format=png&auto=webp&s=cf62d684a15a64171a7ab0502ebb59400d7bdf15
https://preview.redd.it/9ncsed3pgud71.png?width=567&format=png&auto=webp&s=18cf0cfe78f7fefb863776234ca44bc8b98a5fbc
THIRD ROUND
After the third Closing Change for price analysis: Closing Change 3 = + 431,19%
https://preview.redd.it/e7j99qtqgud71.png?width=567&format=png&auto=webp&s=a48d114653b5f77d0ba857e8930de5f02f1e27b0
FOURTH ROUND:
After the fourth Closing Change for price analysis: Closing Change 4 = + 769,31%
https://preview.redd.it/78l44b4sgud71.png?width=535&format=png&auto=webp&s=d021a542de6b918018191009dce17ba6250172ae
https://preview.redd.it/vw9b3oysgud71.png?width=541&format=png&auto=webp&s=4a6760273afffaaec364fe39620be59b6d0a8352
THUS, we saw an accumulated growth of 769.31% in relation to the initial positioning, and a growth of more than 7x in relation to its MarketCap, disregarding potential trade operation fluctuations. It demonstrates that, even with negative variations over time in relation to one or another currency, the Unity (Basket) view diluted the risk for the end user, maintaining price and MarketCap rise.
Obviously past profitability must be considered from the point of view of analysis, not serving as a projection or commitment to future earnings, but it clearly demonstrates that positioning as Unity is the most correct and viable as I8Coin, for this reason even being a platform in which users will be able to be active and have their opinions respected in order to always be updated.
Composition Summary:
https://preview.redd.it/jeyl8inzgud71.png?width=503&format=png&auto=webp&s=8ba9820dd59f1f19414d50da97bb2ea17ae31e52
Summary of MarketCap increase:
https://preview.redd.it/bt4jcxp0hud71.png?width=551&format=png&auto=webp&s=435c0afb32c2d9ed2bd901392dd3964486006936
Graphical representation of composition capitalization growth:
https://preview.redd.it/ts0ipzt1hud71.png?width=567&format=png&auto=webp&s=295e39900449c9c90c7316cd6bcd81ba34f3e300
Hard Forks in Composition
Hard-Forks are divisions of the cryptocurrency chain, which generate a new cryptocurrency. I8COIN will assess each situation in isolation. If the Hard-fork is found to significantly reduce the value of the current underlying cryptocurrency, a new cryptocurrency will be immediately added to the basket.
In case Hard-fork does not significantly affect the value of the current underlying cryptocurrency, the new cryptocurrency will be exchanged according to its original blockchain or definition to be published on the I8COIN platform.
4. Network Distribution
It is at I8COIN's sole discretion to participate in network distributions (staking, airdrops, hard forks), which will be evaluated on a case-by-case basis. It is in the interest of I8COIN to increase the collections of cryptocurrencies to participate in the Distributions network. However, if such participation is deemed irrelevant and/or its cost is greater than your rewards, I8COIN may decide not to participate.
5. Storage
Cryptocurrencies are kept in cold storage (off-net) and trusted trading platforms and exchanges.
6. Settlement
I8COIN reserves the right to close and settle I8COIN among its users at any time. If such an event happened, all funds will be exchanged for cryptocurrencies according to each Exchange and paid to users. Users will be given a 30-day notice if this event occurs.
7. Allocation Distribution
In all, 128 million tokens will be distributed. After ICO ends, there will be no new I8COIN tokens created. A part of these devices will be offered in asset portfolio consolidation processes, partnerships, bonuses for the development team, to the company's cash for future investments, community awards, totaling a percentage of 30%. The other 70% will be available for the fundraising process through PRE-ICO, ICO, and Operation Consolidation. Below is a detailed distribution:
https://preview.redd.it/cijvuqt3hud71.png?width=420&format=png&auto=webp&s=f172802aa11302d8068399f4f66e864d1b146985
7.1 PRE-ICO
Pre-ICO is the heating for positioning the token sales of an ICO (Initial Coin Offering).
In this phase, it will be possible to obtain the I8COIN Tokens at a price lower than what will be traded during and at the end of the Initial Coin Offering, and after, in the consolidation phase, enabling potential investors to take advantage of a positioning that provides possible better chances of earnings.
7.2 ICO:
The PRICES of the token trading process will be divided into two packages, two for Pre-ICO and two for ICO. If the ICO does not reach the desired maximum capture, the remaining balance of the tokens will be burned. The lots will be distributed in two macro-phases:
Official Website: website.i8coin.com
Dates and Information:
https://preview.redd.it/z9av0tb5hud71.png?width=516&format=png&auto=webp&s=b53f00535e27617f09cbf6e373a1882beaa74cab
\(P)= Price on Blockchain Waves.exchange*
The amounts collected in the Pre-ICO and ICO process will be used to improve the development team, purchase of assets, improvements and legal adjustments of any records of financial processes in countries where there is adherence by customers, structuring of financial and accounting management departments, support and service, legal department, server infrastructure and marketing.
We aim at a fully digital insertion and as lean as possible via home based to adapt to the current times and we can have the best participants. For this, we always look for a solid and lean structure, but valuing the quality of the team, planning, equipment and possible future installations to scale the activities.
8. ROADMAP / TIMELINE
https://preview.redd.it/dzsp8tk6hud71.png?width=411&format=png&auto=webp&s=2763dae4f1023f49036e9ad5168f8ebe3d5dc363
https://preview.redd.it/9lscycg7hud71.png?width=403&format=png&auto=webp&s=1c7ad898cbbd9c59d718b6b36cf350affb13b6c5
9. RESPONSABILITIES & LEGAL NOTICES
Trading involving cryptocurrencies is considered a high-risk activity, in which prices can change significantly over time. With respect to price volatility, the book value can be significantly increased or decreased at any time. All currencies, virtual or otherwise, have the potential to drastically change their value or even become obsolete. There is a high risk of loss as a result of buying, selling or trading in any market. Therefore, the company, I8COIN, is not responsible for the exchange variation of the value of the cryptocurrencies.
Given this, trading in cryptocurrencies also poses an additional risk that is not experienced by other types of currencies or other commodities in the market. Unlike most currencies that are guaranteed by the government or other legal institutions, or by gold and silver, virtual currency is a "virtual" currency exclusively backed by technology and trust.
There is no central bank that can control, protect the value of cryptography in crisis, or print the currency. To the fullest extent permitted by applicable laws, regulations and rules, I8COIN is not liable for any indirect, special, incidental, consequential or other damages of any kind, in civil liability, contract or otherwise (including but not limited to loss of revenue, profit or loss and loss of use or data) arising out of or in connection with any acceptance or reliance contained in this White Paper.
No Representation, No Warranty - I8COIN does not represent and / or guarantee any event carried out through its Platform and hereby waives any representation, warranty or commitment in any way to any person, natural or legal, including any representation, warranty or commitment with respect to any information contained in this White Paper.
Disclaimer - User Guarantees: The User declares to be aware that there are currently no specific regulations on the sale of products and services involving cryptocurrencies, nor is there any endorsement of the Central Bank rules, a relationship based solely on trust between User and I8COIN, as well recognizes that this White Paper has not been examined / approved by any regulatory authority. User acknowledges that the disclosure of this White Paper does not imply applicable laws, regulatory requirements or rules, agreeing and acknowledging that the I8COIN token does not constitute security in any form in any jurisdiction.
The user declares to have sufficient knowledge to operate with I8COIN, there being no doubt or fact that can characterize his hypothesis in relation to it, having full understanding of his civil capacity, as well as being able to practice any and all necessary acts for the validity of the operations.
DAO I8COIN is not responsible for any direct or indirect lost profits, loss of data or damages resulting from technical errors, failures, interruption of Internet connection or the like.
User acknowledges that I8COIN is not an investment advisor, but only a cryptocurrency trading unit and has no responsibility for the use and investments made by Users.
The distribution or disclosure of this WhitePaper, or any part thereof, as well as its acceptance by the user, is not prohibited or restricted by the laws, regulations or rules applicable in the user's jurisdiction, and where any proprietary restrictions apply, the user has observed and you have complied with all these restrictions at your own expense and without liability to the Company.
User acknowledges that the I8COIN token shall not be interpreted, treated or classified as: any currency other than cryptocurrency; debentures, shares or shares issued by any person or entity; rights, options or derivatives relating to such debentures, shares; rights under a contract for differences or any other contract whose intended purpose or purpose is to secure profit or prevent loss; units in a collective investment scheme; units in a business fund; units derived in a corporate trust; any other security or class of securities.
User claims to have knowledge of the operation, functionality, use, storage, transmission mechanisms and other characteristic materials of cryptocurrencies, blockchain-based software systems, cryptocurrency wallets or other related storage tokens mechanisms, blockchain technology, and smart contract technology.
Forward-Looking Statements: All statements contained in this WhitePaper, press releases or elsewhere accessible to the public and oral statements that may be made by I8COIN or any member of the I8COIN Team on behalf of DAO are merely forward-looking statements.
All statements regarding the company's financial position, business strategies, plans and future prospects are forward-looking statements. These forward-looking statements, including, but not limited to, statements regarding the company's revenue and profitability, prospects, future plans, other expected industry trends and other matters discussed in this document are merely forward-looking statements.
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual future results, performance or achievements of cryptocurrencies and cryptocurrency packages (baskets of cryptocurrencies) to be materially different from any expected, expressed or implied future results, performance or achievements by such forward-looking statements.
These factors include, but are not limited to: changes in political, social, economic and stock market or cryptocurrency conditions, and the regulatory environment in countries where I8COIN conducts its business and operations; the risk that I8COIN will not be able to execute or implement their respective business strategies and future plans; changes in interest rates and fiduciary currency and cryptocurrency exchange rates; changes in I8COIN's anticipated growth and internal growth strategies; changes in availability and fees payable to I8COIN in connection with its respective businesses and operations; changes in employee availability and salaries that are required by I8COIN to operate its respective businesses and operations; changes in I8COIN client preferences; changes in the competitive conditions under which I8COIN operates, and the ability of I8COIN to compete under such conditions; changes in StatumI8COINe's future capital needs and the availability of funding and capital to fund such needs; international or domestic war or acts of terrorism; occurrences of catastrophic events and natural disasters affecting I8COIN's business and/or operations; factors beyond the control of I8COIN; any risks and uncertainties associated with I8COIN and its business and operations and the I8COIN tokens.
These forward-looking statements are applicable only as of the date of this White Paper. Neither I8COIN nor any other person represents, warrants and assumes that the actual future results, performance or achievements of the Company will be those discussed in these forward-looking statements.
Actual results, performance or achievements of the I8COIN token may differ materially from those anticipated in these forward-looking statements. Nothing contained in this WhitePaper is or can be considered a promise, representation or commitment with respect to I8COIN's performance or future policies.
Furthermore, I8COIN disclaims any responsibility to update any of these forward-looking statements or to publicly announce any revisions to these forward-looking statements to reflect future developments, events or circumstances, even if new information becomes available or other events occur in the future.
NOTE: None of the information contained in this White Paper is to be construed as business, legal, financial, or company-related tax advice for I8COIN Tokens. You should consult your own legal, financial, tax or professional advisor regarding I8COIN, I8COIN, your business and operations, and be aware that you may be required to bear the financial risk of any purchase of I8COIN tokens for an indefinite period.
I8COIN reserves the right to change, at any time, the Terms and Conditions of Use of the Site, aiming at its improvement and the improvement of the services offered by it to Users. Changes will take effect from the time of their posting and will be assumed to be accepted by the User if you continue to use the Services.
RISK: Potential I8COIN Token Buyers, as referred to in this White Paper, should carefully consider and evaluate all risks associated with I8COIN, its business and operations, and understand all information contained in this White Paper and the Terms and Conditions prior to any purchase of Tokens. If any of these risks and uncertainties become actual events, I8COIN's business, financial condition, results of operations and prospects could be materially and adversely affected. In such cases, users may lose all or part of the value of the I8COIN tokens.
DEVELOPER [lr7chainboxi8@gmail.com](mailto:lr7chainboxi8@gmail.com)
