Krugerrand Coin White Paper

Transcription

1 Krugerrand Coin White Paper A decentralized Financial Community Knowledge Valued Token Based on Blockchain Mission Let knowledge create more value and make value flow more easily Versions V1 2018/2/23

2 Abstract Krugerrand Coin Abbreviation KRG is the circulation token of knowledge value for the financial community platform based on the Blockchain, providing incentives and liquidity for the knowledge creation behavior of the financial community. Currently, it has reached a strategic cooperation with some financial communities. KRG holders can use token in all the financial community scenarios, and can be traded in virtual currency exchange and other token swaps. KRG Foundation will cooperate with the more financial communities in the future.

3 Index Abstract Industry Pain The decentralized financial community tokens. KMajor scenarios in the financial community Pay for Q&A User registration award Pay for viewing ads Reward excellent content creation 3.3 Vote for excellent content 3.5 Community promotion 3.7 DAO Decentralized Autonomous Organization Exchange gift in community 10 Krugerrand Coin distribution Purchasing community ads Technology Roadmap Risk Warning 7.1 The risks associated with the Ethernet core protocol. 7.2 Risks associated with judicial regulation Vulnerability risk or encryption risk The risk in lack of maintenance or use The risk of a token-mining attack Payment of private letter 3.9 Interaction and reward Other unforeseeable risks Disclaimer

4 1 Industry Pain What is knowledge? Knowledge refers to the practice of understanding the objective world, the form is intangible, but knowledge is of real value. Particularly, in the investment area, the knowledge can be directly create value. The essence of investment is the liquidating of perception. Investment is decision making. But, behind the differences in decision-making are cognitive levels. One man and one world. Everyone sees a different world. Each person's perception of the same invest- ment opportunity is also divided into different dimensions. Different dimensions of cognition mean that each of them has a completely different winning rate. Successful invest- ments require a complete supporting system. Multi-dimensional cognition can optimize the winning rate and odds index of the investment system from different levels. Most investors have a complex and long - term process to establish the cognition of the underlying investment. Especially new users, they have trouble understanding the complexities of the financial sector. They don't know what assets are worth holding, when to buy and when to sell, and which projects are worth participating in. Investors need constant learning and communication. In the Internet age, The UGC community of financial investment (user-generated Content) is an important channel for investors to learn and improve their cognition. Currently, most communities are free of UGC communities. All UGC platforms have this paradox The user took the time and effort to create content and value for the platform, but ultimately just provided the platform with a business model of profit. In a sense, the user becomes part of the product, and the real value creator does not receive the corresponding reward. This phenomenon is distorted, unhealthy and urgent to change. All of this makes it difficult for original quality content producers to maintain enough creative power. We believe that the community is also very willing to give reasonable returns to quality content producers. Because high-quality UGC is the value of the community. However, UGC does not create value directly, and it is extremely difficult to price the fragmented UGC at a reasonable price. This makes it possible for UGC's beneficiaries - platforms and readers - to

5 have a reasonable way to return content producers. The entire UGC sector lacks a reasonable incentive system to motivate high-quality content producers. However, the emergence of blockchain technology has shown us a way to solve the problem of community incentives. Blockchain is a decentralized distributed ledger that can deliver trust and value through the Internet. Based on blockchain, we can design a decen- tralized public ledger and a set of consensus algorithms. Use specific algorithms to automatically distribute benefits based on user evaluation. And the corresponding mechanism is designed to promote the circulation of this cryptographic token. Thus, a reasonable incentive system is established for UGC. We believe that all "user-generated Content" (UGC) Internet products should be included in the token incentive system. 2 The decentralized financial community tokens. Krugerrand Coin (KRG) is one such exploration It is based on decentralized knowledge tokens of block chain. Trying to be in the financial community that is most likely to pay for knowledge.by establishing the knowledge token system, it is encouraging users to create valuable content. Motivate users to participate in community building. Knowledge tokens are a return on earnings. Tokens represent the right of resource allocation in the community and enjoy the cor- responding application scenes in the community. Users with tokens can obtain the right of resource allocation through the consumption and use of tokens. The more the tokens are held, the greater the power of the user's resources in the community. The total amount of knowledge tokens based on blockchain is limited, and it will never be issued again. With the development of the community and the increase of users, with the increase of KRG consensus, the difficulty of acquiring knowledge tokens is becoming more and more difficult, which means that knowledge tokens have the value of long-term appreciation.

6 The vision of Krugerrand Coin, it is not a single community tokens of knowledge, but to get through the Internet have many financial community (including domestic and international), including not limited to all kinds of stock communities,but also fund com- munities, trust communities, private and investment banking communities, wealth management communities, fixed income communities, P2P communities, digital currency communities, property investment communities and jewelry art investment communities, etc. Figure 1 Krugerrand Coin value flow system schematic diagram By connecting with many communities. Taking advantage of decentralization, let Krugerrand Coin become a hub of value for many financial communities.through the establishment of consensus in the financial community. Finally, real decentralization is achieved.

7 Scenario simulation: Users in community A publish high quality articles and get Kru- gerrand Coin. Transfer tokens to community B via the blockchain network. In community B, it is used for the scenes such as reward and answer or reward. Krugerrand Coin has higher liquidity, the higher value it is. Some excellent practitioners at home and abroad have made some explorations and attempts to solve the incentive problem of UGC community by using blockchain, such as STEEMIT community. So, what's the difference between Krugerrand Coin and the STEEMIT? Project Content Areas All kinds of content can be published. Focusing on the knowledge of financial investment Scope of the community One Community Several financial and investment communities Table 1 Krugerrand Coin versus Steem Pattern Self-built model "Cooperation +self-construction" model

8 3 Major scenarios in the financial community. 3.1 Reward excellent content creation Promote content contribution and earnings to match. Krugerrand Coin will be rewarded by users who publish excellent posts. These Krugerrand Coin is gradually released by the system from the "incentive pool" according to the established rules. And Limit the number of daily releases. So all the good posts compete with each other for a limited number of Krugerrand Coin awards. The release of the reward pool is decreasing year by year. Because the earlier, the platform relied on the Krugerrand Coin award for quick access to users. As early as possible, the net- work effect is formed in the vertical field of the community, and become the leader in this segment. 3.2 Pay for Q&A Knowledge payment is the hot spot in the current industry. Content payment is the inevitable result of overflowing free content. In the UGC community that sup- ports Krugerrand Coin, users with Krugerrand Coin can openly raise paid questions in the community and set the Krugerrand Coin award. Every time you ask a question, you need to consume a certain amount of Krugerrand Coin. The questioner allocate the Krugerrand Coin according to the content quality of the respondents, The respondents were rewarded with Krugerrand Coin. 3.3 Vote for excellent content The selection of the post was determined by the user thumb up, and the higher the number of thumb up votes accumulated. The higher the ranking, the more rewards the content producer and thumb up received. The financial commu- nity should adjust and improve the selection rules of excellent posts according to the platform operation feedback, so as to form the rules and models that are most conducive to the development of the platform.

9 3.4 User registration award For the first time, users who registered will be rewarded with the Krugerrand Coin award given by the system. The earlier the user registers, the more KRG rewards. The amount of rewards will gradually decrease over time. 3.5 Community promotion Each registered user will have a shared link, and users will be invited to sign up for new users by inviting friends on their social network. By sharing links and gaining access to new users, the sharing person can be rewarded by Krugerrand Coin. 3.6 Pay for viewing ads Users' attention is also a kind of valuable asset, and users will be rewarded for their ads viewing. A large portion of advertising revenue will be allocated to the users who view ads. Because users pay time and attention, it makes sense to pay for viewing. Krugerrand Coin, which is paid to visitors, will be evenly distributed to each user. 3.7 DAO Decentralized Autonomous Organization A thriving community must be dependent on the hard work of an administra- tor. On the financial community platform, each topic area needs to be managed. Users are required to participate spontaneously in community management. As the sector managers work in the financial community, they need to be rewarded for their efforts.

10 3.8 Payment of private letter In modern society, people's time and attention are increasingly scarce. Although the financial community is an open platform, users can trust each other, but users can also set the threshold to receive private messages, so as to avoid advertisement harassment and invalid communication. Especially for opinion leaders with broad influence, it makes sense to pay their time. The paid private letter was implemented by Krugerrand Coin. 3.9 Interaction and reward The price of Krugerrand Coin is not high, it is a very good way to reward. It is an effective interaction between online celebrity and fans, fans and fans. For excellent posts and excellent feedback, it will help the platform to form a good cultural atmosphere Exchange gift in community The community will introduce various community gifts on a regular basis, and members can exchange it using the Krugerrand Coin held by the community Purchasing community ads For users who are interested in advertising in the financial community, adver- tisers can choose a certain number of Krugerrand Coin to exchange advertising slots.

11 4 Krugerrand Coin distribution Krugerrand Foundation will issue a total of 21,000,000 tokens, which will never be issued for the second time. The allocation of Krugerrand Coin is mainly composed of two parts: - The financial community was allocated 12,000,000 tokens (57.14%), used to inspire content creation. A financial community named has subscribed all of 12,000,000 tokens - The Krugerrand Foundation was allocated 9,000,000 tokens (42.86%). Of these, 5,500,000 tokens were locked for 18 months (26.19%), another 3,500,000 tokens(16.67%) have been subscribed by the institutional investors Figure 2 KRG Coin distribution

12 5 Technology The Krugerrand Coin project is an application-oriented blockchain project. The core of success depends on the successful establishment of application scenarios and the widespread use of application scenarios in many financial communities. As a result, the technical side considers as far as possible relatively mature with the intelligent contract the public chain to do the development. The currently available public chain with smart contracts include Etheream, Dfinity, EOS, NEO, Qtum and Hcash, etc. In view of the limitations of block chain technology in transaction throughput, transac- tion finality delay, transaction cost and so on, After repeated argumentation, Krugerrand Coin will be implemented through the ETH block chain with the ERC20 standard. Fiugure 3 Technology Framework

13 6 Roadmap 2018 Jan.~July Project research and white paper. Technology access to the full scene of the first financial community in cooperation KRG Coin distribution Community content mining intelligent model development. Listing KRG Coin on one exchange at least 2018 Aug. ~Dec Increase and improve the application scene of Krugerrand Coin in the financial SSP advertising system development. community ~Future Access to more financial community Developping KRG Coin Swap platform Listing KRG Coin on more exchanges

14 7 Risk Warning 7.1 The risks associated with the Ethernet core protocol. The Krugerrand Coin system is based on Ethereum, so any failure, unpredict- able functional problems, or attacks on the Ethereum core protocol could make the token stop working or lose functionality in unexpected ways. 7.2 Risks associated with judicial regulation Block chain technology has been put in supervision focus in major countries now. Krugerrand Coin may be affected if the regulator intervenes or exerts pressure, for example, statute restricts the use and selling of electronic tokens, hinder or even directly terminate the operation of the financial community. 7.3 Vulnerability risk or encryption risk The development of science and technology, especially in cryptography, quan- tum computer and other fields, may bring the risk of token being cracked, which may lead to the loss of tokens. 7.4 The risk of a token-mining attack As like other decentralized cryptography tokens and encrypted tokens, Ethere- um used for Krugerrand coin block chain main chain is also vulnerable to mining attacks, such as dual-flower attack, high calculation ratio attack. Any successful attack on the Krugerrand coin is also a potential risk. 7.5 The risk in lack of maintenance or use First of all, tokens should not be seen as an investment, although tokens may have some value after a certain period of time. But if the community is not properly maintained or used, the value may be very small. If this happens, there may be no follow-up followers or fewer followers on this platform, and obviously this is very negative for the tokens.

15 7.6 Other unforeseeable risks Cryptography tokens are a new and untested technique, in addition to the risks mentioned in this white paper, there are possibly other risks that have not been mentioned or foreseen by the team, and other risks may pop up alone or in a combination. 8 Disclaimer We engaged well-known law firms as legal advisers for Krugerrand projects, providing comprehensive legal services for financial community projects in the areas of operational compliance, legal risk control system design, legal consultation, etc. To participate in the Krugerrand coin subscription, please read this white paper to fully understand the risk-return characteristics of Krugerrand coin subscription and the technical characteristics of reverse validation, taking full account of their risk tolerance, rational judgment and prudent decision-making. Purchaser should understand that Krugerrand coin project will not provide refund in any case. The project team will properly use the digital assets that are being collected and manage the project according to the content of the White Paper disclosed. Although the project team will perform its duty to fulfill the obligation of honest, diligent and responsible management, the purchaser also has the risk of loss: policy risk, economic cycle risk, cyber hacker risk, management risk, liquidity risk, currency fluctuation risk and other risks.