OXY (OXY COIN)白皮书.pdf

OXYCOIN® White Paper v2.1THE EASIEST WAY TOBUY CRYPTOCURRENCIESWITH FIAT.Last Update on August 25th, 2017SEND RECEIVE999.9 OXY3806168632145228809X© 2017 OXYCOIN. All rights reserved.OXYCOIN® is a trademark registered at Benelux Office for Intellectual Property.2ABSTRACT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3INTRODUCTION – THE FIRST PROBLEM USER-FACING LIMITATIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4INTRODUCTION – THE SECOND PROBLEM DEVELOPER TOOL LIMITATIONS. . . . . . . . . . . . . . . . . . . . . . . . . 5OUR VISION – THE SOLUTIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6TECHNICAL SUMMARY - OXYCOIN®MOBILE APPLICATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7TECHNICAL SUMMARY - OXYCOIN®SOFTWARE DEVELOPMENT KITS AND OXY TOKEN USE CASES . . . . . . . . . . . 8MOBILE APP FEATURES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10THE PLAN . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12EARLY SUPPORTERS PROGRAM – A NEW APPROACH . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13EARLY SUPPORTERS PROGRAM – BONUS STRUCTURE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14ICO - INITIAL COIN OFFERING OVERVIEW . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15ICO - FUNDS DISTRIBUTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17ICO - OXY DISTRIBUTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18DISTRIBUTION CALCULATIONS – FUNDAMENTALS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19DISTRIBUTION CALCULATIONS – EQUATIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20DISTRIBUTION CALCULATIONS – EXAMPLE 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22DISTRIBUTION CALCULATIONS – EXAMPLE 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23DISTRIBUTION CALCULATIONS – EXAMPLE 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24ROADMAP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25END . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27TABLE OF CONTENTS© 2017 OXYCOIN. All rights reserved.OXYCOIN® is a trademark registered at Benelux Office for Intellectual Property.ABSTRACT 3In this paper, we present a high-level overview of the OXYCOIN®mobile application the one place that contains everything cryptocurrency investors need right at their fingertips. This mobile application will enable investors to easily purchase cryptocurrencies directly with FIAT i.e. USD or EUR, manage all their wallets and passwords, implement a user-friendly Global Address Book, and will be the ination hub where they can access any ination they need to make ined investment decisions. As a result of its simplicity, we believe the OXYCOIN®mobile application will pave the way for mass adoption of cryptocurrencies.This paper will also contain an overview of the OXYCOIN®Software Development Kits which will serve as solutions to another large problem - software development tool limitations - that is also hindering cryptocurrency mass adoption. After completing our first milestone, the OXYCOIN®mobile application, we will release an “Enhanced Decentralized Software Development Kit” which will allow non-block-chain developers to build decentralized applications DAPPs using JavaScript and enable something truly powerful that has never been possible before – Mobile and Web applications interacting with decentralized applications With these powerful tools being placed in the hands of non-blockchain developers, many exciting OXYCOIN® token uses cases will be made possible.The purpose of this document is to illustrate the vision of the OXYCOIN®team, explain the problems that we are solving and how we are going to achieve our goals. There will be a separate Technical Paper which will further elaborate on the technical fundamentals such as how the dPOS Delegated Proof of Stake blockchain will be used, the network infrastructure, security, and core functionalities of the mobile application and future developments.© 2017 OXYCOIN. All rights reserved.OXYCOIN® is a trademark registered at Benelux Office for Intellectual Property.INTRODUCTION - THE FIRST PROBLEMUSER-FACING LIMITATIONS4For many years, the cryptocurrency community has steadily grown, but the fact remains that this com-munity is still in the early stages of expansion. Reputable media outlets have started reporting on the progress - mostly the price - of Bitcoin and other cryptocurrencies. As more exciting news stories are reported and the world s curiosity towards cryptocurrency grows, people are continuously attracted to the fascinating world of digital currencies. There are many people wanting to invest in blockchain tech-nologies, unfortunately many have not been able to due to the complexity of entering crypto-markets.Ever since the inception of Bitcoin and throughout the entire history of cryptocurrency, one of the major barriers to entry for curious individuals has always been converting FIAT directly into Bitcoin and other cryptocurrencies. The process usually requires some degree of technical skill and knowledge, an under-standing of security, and trust in a system which is unlike anything these people have previously used. There’s no phone call to a broker to make a trade, there’s no speaking with an advisor in an office, and of course there are ways of being swindled. Currently, the process of buying cryptocurrencies is a tremendous multi-step hassle. Generally speaking, it begins with trying to figure out how to buy Bitcoin from various plats e.g. Bitcoin ATM, website, cash-deal, sending it to an exchange e.g. Bittrex, Poloniex and then figuring out how to make a trade for the desired cryptocurrency. These multiple steps can seem complex, intimidating, and incomprehensible in some cases. Even for experienced investors with technical knowledge, the process of converting FIAT into digital currencies is generally slow, limited, frustrating, and occasionally risky. Due to these inconveniences, we believe that curious and qualified investors are still turning their backs on the crypto-markets and are consequently missing opportunities they would have otherwise seized.Another one of the major barriers to entry for investors is acquiring the right news articles and develop-ment progress ination. It’s common for a crypto-enthusiast browsing the internet in search of accurate ination needed to make an ined decision. It’s not easy for new crypto-enthusiasts to find the right sources because they are seemingly endless and unfamiliar – the task of seeking ina-tion can feel cumbersome in a world they have just started trying to understand. Wouldn’t it be logical to have all the current news, market values, video tutorials, and technology updates in one place where investors can quickly and easily access the ination needed to make ined decisions © 2017 OXYCOIN. All rights reserved.OXYCOIN® is a trademark registered at Benelux Office for Intellectual Property.INTRODUCTION - THE SECOND PROBLEMDEVELOPER TOOL LIMITATIONS5In the current evolution of blockchain technology, there are still limitations to decentralized applica-tions, also known as DAPPs, as they require a blockchain node server to properly cute. These nodes are difficult to use for the average end-user. For example, in the case of Ethereum, users must tweak “GAS values” and “transaction values”. These tweaks allow the DAPP to accept the s and function as desired. In a world where people want to easily send money with the click of a button, these extra technical steps are not user-friendly and increase the risk of user-error.Outside the challenges faced by regular users, in the world of blockchain software development, DAPP SDKs Decentralized Application Software Development Kits are lacklustre and often difficult to under-stand - a problem which limits the potential of what can be created with blockchain technology. The existing DAPP SDKs do not offer the proper facilitations and ination to developers. Consequently, they are forced to write code for the most basic functionalities, which is extra work that can hinder progress and deter them from working with blockchain all together. In addition to these problems, there does not yet exist an SDK specifically designed for Mobile or Web applications. This type of tool would have the power to spark a complete shift in the entire world of software development.After completing our first milestone - OXYCOIN®mobile plat - we will tackle the developer-facing problem by creating the Enhanced DAPP SDK. As mentioned in our Abstract, this special tool will enable “non-blockchain developers” to build decentralized applications DAPPs using JavaScript and enable something truly powerful that has never been possible before – the interaction of DAPPS with Mobile and Web applications A valuable aspect of this SDK is that developers will essentially no longer have to worry about the backend. Our technology manages the backend work behind the scenes and allows DAPPs to “talk” with our blockchain through Application Program Interfaces APIs. For once, developers will have the tools they need to solely focus on what matters - building their frontend. © 2017 OXYCOIN. All rights reserved.OXYCOIN® is a trademark registered at Benelux Office for Intellectual Property.OUR VISION – THE SOLUTIONS 6We’re pleased to announce that the solutions to the aforementioned problems are the OXYCOIN® mobile plat and OXYCOIN®Enhanced DAPP SDK Decentralized App Software Development Kit. It is our mission to enable investors that are trying to enter the crypto-markets; we can achieve this by simplifying the purchase of cryptocurrencies. Our mobile application will be the easiest way to purcha-se cryptocurrencies with FIAT and will also feature a central ination hub where investors will recei-ve any crypto-media they would need for investing in digital currencies and blockchain projects. In short, we are tackling user-facing limitations by building the one and only plat that has ever-ything that crypto-enthusiasts will need in one place and tackling developer tool limitations by crea-ting SDK’s which will allow Mobile and Web applications to make use of decentralized applications.Understanding the true growth potential of the cryptocurrency world becomes obvious when observing the facts. According to a study by the University of Cambridge “the current number of unique active users of cryptocurrency wallets is estimated to be between 2.9 million and 5.8 million” - representing less than 1 of the world’s population. Though the full growth potential of the crypto-markets clearly remains largely untapped, at the time of writing this white paper the total market capitalization of all cryptocurrencies is still a very impressive figure - approximately 141,253,369,650 141 Billion accor-ding to Cryptolization.With community support and ICO funding, the OXYCOIN®team plans to push the number of active users to over 10 million and the market capitalization to over 300,000,000,000 300 Billion in our first year by enabling a whole new wave of crypto-enthusiasts that are waiting for a simple plat to help them easily convert FIAT into cryptocurrency.© 2017 OXYCOIN. All rights reserved.OXYCOIN® is a trademark registered at Benelux Office for Intellectual Property.TECHNICAL SUMMARY -OXYCOIN®MOBILE APPLICATION7The main feature of the OXYCOIN®mobile application is to enable users to purchase cryptocurrencies directly with FIAT - whether they have IT knowledge or not. OXYCOIN®provides a user-friendly plat that contains all the ination and tools needed by any crypto-enthusiast and puts it right at their fingertips. With OXYCOIN®our users will be empowered to make ined decisions and take positions in crypto-markets effortlessly.We’re also tackling the issue of tracking multiple addresses for multiple cryptocurrencies, lowering the possibility of sending funds to the wrong place, by introducing our OXYCOIN®Global Address Book. Users may create one single username that is searchable in the Global Address Book, and all their wallets will be linked to this one username. This feature lowers the risks that accompany long alphanumeric addresses such as “3J98t1WpEZ73CNmQviecrnyiWrnqRhWNLy“, which are prone to typos.With our Global Address Book, users simply type their friend’s name, see their friend’s various crypto-currency wallets, and transfer funds to them within seconds. Keeping simplicity at the core of our vision, we also plan to utilize QR codes as another user-friendly way to transfer funds.The OXYCOIN®plat avails itself of the full power of blockchains to simplify the lives of cryptocurren-cy users in that OXYCOIN®usernames are stored in the blockchain, allowing anyone to find the addres-ses of their friends and use them right away. For example, when opening the mobile application, a fresh list of the usernames and their addresses will be retrieved from the blockchain. This enables auto-completion when one types a username in the Global Address Book.These are just a handful of examples to briefly illustrate the value we can add by enabling user-friendly features by including specific types of ination in our secure blockchain, extracting its practically limitless value. There are more technological features we will implement with our OXYCOIN®mobile application, and the full details will be explained in our Technical Paper.© 2017 OXYCOIN. All rights reserved.OXYCOIN® is a trademark registered at Benelux Office for Intellectual Property.TECHNICAL SUMMARY - OXYCOIN®SDKsAND OXY TOKEN USE CASES8After completing our first milestone, the OXYCOIN®mobile plat, we will tackle the second problem – Developer Tool Limitations - by creating the Enhanced DAPP SDK, Mobile SDK, and Web SDK.Enhanced DAPP SDKThe Enhanced DAPP SDK is crucial for enabling “non-blockchain developers” to build their own DAPPs using JavaScript and make it possible for Mobile and Web applications to interact with them.The current problem is that most of the existing DAPPs only contain backend code code that runs on the server. This means that to b