mytwocents · 2020-02-27 · page 03 overview page ... page 10 criteria for benefits &...

Sigma Entertainment Group Limited

MyTwoCents

A Revolutionary Sports Betting Marketplace https://mytwocents.io

February 2020

MyTwoCents – White paper Ver 1.0 | February 2020 1

Contents

Page 03 Overview

Page 04 Legal Disclaimer

Page 05 Revolutionary Key Features

The first Cryptocurrency used for Crowd intelligence

The new way of becoming a sports bookmaker

Stable profits by voting for outcomes of bets

Page 07 Problem Overview

Sports betting industry market

Problem Improvement Requirements

Page 10 Criteria for Benefits & Solutions

Page 12 Ecosystem

MyTwoCents Core Framework

Native Currency CIB Token

Oracle | Crowd Intelligence

Smart Contract

ProximaX Sirius platform

Betting Engine & Architecture

Game features

0 Developmental Roadmap

Page 22 IEO Details

Token Allocations

Sales Period

Page 26 Team

Page 28 Partner


Overview

MyTwoCents is a revolutionary online open sportsbook marketplace.

Anyone can become a Bookmaker, a Wagerer, or an Oracle as a role in

the market. MyTwoCents invents an innovative sports betting ecosystem

design to the world in decentralized network. Through crowd intelligence,

MyTwoCents introduces a new remarkable way of oracle for sportsbook

delivering safety and reliability to sportsbook marketplace and strives to

change the traditional approach in the gaming sector. The users of the

MyTwoCents’ sportsbook marketplace provides a unique opportunity not

only to play games and win as a Wagerer, but also to become a

Bookmaker or an Oracle of a profitable business in new perspective

model of economic benefits as a source of stable and predictable income

to the token holders who obtain CIB token. CIB is a token based on

ProximaX Sirius Blockchain technology. It is the core asset of the new

betting platform. Users possessing CIB Tokens can create wagers and

vote the result of the wagers. Innovative token design will increase the

value and ecosystem.

MyTwoCents offers cryptocurrency users and enthusiasts who

understand the value of blockchain technology and believe in its growth,

development, and global application potential.

CIB tokens to be purchased are only available through IEO participation.


Legal Disclaimer

The MyTwoCents’ CIB Token is designed as a pure token and does

therefore, according to their structure, not constitute a security or

financial instrument. Nothing in this Whitepaper shall be deemed to

constitute a prospectus or offer document for securities or financial

instruments of any kind in any jurisdiction nor does it in any way pertain

to an offering or a solicitation of an offer to buy any securities in any

jurisdiction. This Whitepaper is for project description and informational,

illustration and discussion purposes only and does in no way provide an

offer to sell or a solicitation of any offer to buy neither the planned OX

nor any security or other financial instrument. Furthermore, this

Whitepaper does not constitute an investment recommendation to

acquire CIB Token or for the disinvestment of other securities, financial

instruments or other as-sets.

This Whitepaper does not imply any elements of a contractual

relationship. The content of this Whitepaper is not binding for the

Company and is subject to change in line with the ongoing research and

development of the MyTwoCents ecosystem. Any legal relationship

between a token purchaser of the planned CIB Token and the Company

is not established by this document but solely based on separate

individual agreements and conditions, in which the rights and obligations

of a token purchaser and the Company are ruled. In case of any

ambiguities or contradictions the regulations of the individual agreement

take precedence over the information contained in this Whitepaper.

This Whitepaper, the IEO and the CIB token sale (including any

presales) described therein is in particular not directed at persons with


registered residence or office, habitual residence or tax residence in

countries or initiate the acquisition of CIB token from or through

countries in which the sale or purchase of tokens and cryptocurrencies is

prohibited or subject to certain conditions, such as official approval,

which have been classified as high-risk countries and countries under

observation with regard to money laundering and terrorist financing by

the Financial Action Tasks Force (FATF), or against which embargos or

sanctions have been imposed, in particular by the United States of

America or the European Union (hereinafter “Excluded Third Parties”).

These countries include, in particular, Bosnia and Herzegovina, the

Democratic People’s Repulic of Korea, Ethiopia, Iran, Iraq, Sri Lanka,

Syria, Trinidad and Tobago, Tunisia, Vanuatu, Yemen, the People’s

Republic of China and Cuba (hereinafter “Excluded Countries”).


Revolutionary Key Features

The first Cryptocurrency used for Crowd intelligence

One of the most difficult aspects in decentralized applications is to find a

fair consensus for a verified outcome. The unlimited options of bets and

different assessment requirements to find a consensus, detains

MyTwoCents to use a data stream or consider optimizing the ecosystem

and broaden the availability of bets. However, MyTwoCents believes a

crowd of people assessing certain topics as far more precise and

trustworthy. Also, the approach of addressing real human beings as

decision-makers is aligning the concept of MyTwoCents to create a

global sports betting marketplace for people powered by people.

A new way of becoming a sports bookmaker

Sports Bettors place their wagers either through a bookmaker or

sportsbook in forms of private or corporate. Bookmaking may be legal or

illegal and is often regulated depending on country. As a result,

bookmakers are operated with a local license in limited country by

regulation. MyTwoCents introduces a new way of becoming a sports

bookmaker without borders as an operator because MyTwoCents

designs a system that brings this better way to the whole world. This is a

big deal. MyTwoCents provides a global solution to a vast array of

localized problems in sports betting markets.

Stable profit by voting for outcomes of bets

The revolutionary way of voting for results is found to determine the

outcomes reliably and securely by announcing the MyTwoCents Result


Voting System. This determination mechanism for wagers result is

contingent on the crowd intelligence. Participation in the voting will be

incentivized with an amount of CIB token. The voting reward system is

uniquely designed to keep the outcome voters honest and beneficial. CIB

token holders are the only participants eligible to vote for bet outcomes in

the oracle. The ecosystem running by incentivizing and benefiting the

oracles is an earnings stability for voters on the MyTwoCents

marketplace.


Problem Overview

Sports betting industry market

In 2018, the global sports market was $488.5 billion, up 4.3% per year

since 2014. The estimated growth in 2022 is expected to be $614.1

billion.1 According to the Zion Market Research, the world's sporting

betting market, with the growth of the sports market, was rated at

$104.31 billion in 2017, and 2024 is expected to be at $155.49 billion.2

The global sports betting market is driving change and growth in the

online sports market through blockchain and cryptocurrency

technologies. Overall, the lack of transparency, distorted odds, security

and operating cost issues are all factors that enable advanced new

industries to make sports betting more reliable, efficient and economical

through blockchain technology.

Risk of Rogue Operators

This is almost certainly one of the cons that deter people away from the

idea of depositing money online for the purposes of gambling. They get

worried that they are going to get ripped off, treated unfairly, or simply

have their funds stolen. Unfortunately, there have been cases where this

has happened. There’s an easy solution to this potential problem

though, and that’s just to stick to the trustworthy sites.

1 https://www.businesswire.com/news/home/20190514005472/en/Sports---614-Billion-Global-Market-Opportunities 2 https://www.globenewswire.com/news-release/2019/07/26/1892289/0/en/Research-US-155-49-Bn-for-Sports-Betting-Market-Size-2019-Growing-at-8-83-CAGR-Through-2024.html


Cashout Times

How long it takes to get your funds will depend on the withdrawal method

you use and, to some extent, where you live. For example, it generally

takes a little longer for cash outs to be paid if you live in America.

Legal & Regulatory Issues

The laws relating to gambling online vary around the world. In some

regions they are very complicated, which makes it hard to know exactly

what’s legal and what’s not. This puts a lot of Wagerers off. Most

legislation is targeted at those that operate gambling sites rather than the

people who use them, but it can still be a little unsettling when the laws

aren’t completely clear. Regulation also varies in different parts of the

world, and it’s not always as strict as it might be.

Choice of betting & Gaming Options

There are all kinds of different gambling activities you can enjoy online.

Most sites offer narrow choice dividend and different game forms

of gambling, although there are still some that specialize in just a single

form.

Low dividend rate

There are certainly costs for leagues that are associated with a

proliferation of sports wagering. They’ll have to increase the amount of

time and money that they spend on data monitoring and security.

Consequently, high operating costs of sports wagering tend to reduce

dividend rate for wagers.


Privacy and Security

Your privacy to be assured is important to people who prefer to keep

their gambling activities to themselves. There are also people who don’t

particularly enjoy others watching them in the casino, which is obviously

something they don’t have to worry about when playing online.

Regarding security there have been cases of people being robbed

of their winnings when leaving the casino or bookmakers. Only

trustworthy sites will fully protect your funds (and personal data).

Problem Improvement Requirements

Specific key factors can create a culture of sports betting games that has

evolved by addressing the structural problems and vulnerabilities of

online sports betting. The unfair and opaque ways of operating the game

can bring disadvantages to users, while maintaining security costs are

high fees for users, lower the operational efficiency of businesses, and

ensure that unguaranteed payouts and payment speed can cause user’s

dissatisfaction and distrust the system operations.


Criteria for Benefits & Solutions

Decentralized, transparent, trustless transaction, security, self-executing,

crowd intelligent validating,

These industry growth and trends will require participants to have access

to online sports betting and the technical implementation of the operating

system for participant protection, security and integrity, and operational

efficiency. In addition, a platform of collective intelligence that makes

communities better through user engagement in a social, and online

social media environments will become more demanding in the gaming

environment.

Any solution to the problems of the sports betting industry must serve the

interests of sports bettors and satisfy the needs of the contributors who

maintain the security and functionality of the network. To this end, we

believe that any benefit and solution must:

Overall Benefits & Solutions

• Easy access from anywhere in the world where the internet is

available through app or desktop

• All input/results data is recorded and verifiable.

• Reliable, transparent records, processes and results that cannot

be forged or tampered, Function in a trustless manner of the

entire system’s performance.

• Smart Contract reduces operating costs by automated processing

(self-executing) when conditions are met, increasing benefits for

users.


• Online sports betting market operated through cycles of each role

of bookmakers (game creators), wagerers (game bettors) and

oracle (results validators)

• A variety of games and odds of different selections in the sports

betting market

• Blockchain technology redesigning distributed ledger in

decentralized peer-to-peer network to enforce transactional

integrity as well as security and get rid of a third party for

mediation.

Various Available Types of Services

Bookmaker

• Anyone can become a bookmaker and provide economic profit

opportunities accordingly.

• Reduce disbursement of management costs to reduce bookmaker

burden, allowing for various types of games and rich dividend

rates

Wagerer

• Increase the winning income of bettors

• Smart Contract provides accurate and fast winnings

Oracle

• Using CIB tokens to participate in a validation ballot to reward a

certain betting fee.

• We increase reliability and accuracy by verifying results using

group voting, and minors (result verification participants, voting

participants) are rewarded by voting results, so that they can

pursue stable profits.


Ecosystem

MyTwoCents Core Framework

Blockchain technology and collective intelligence in the fourth industry

revolution provide solutions to redefine the sports betting industry and

improve the needs of the current betting industry. A key element of

MyTwoCents is the use of Crowd intelligence, where any users generate

various bets organically through MyTwoCents sports betting platforms,

participate voluntarily and autonomously, and derive results. The entire

process is decentralized through blockchain technology, transparent

system operations enable secure transactions, and all transactions can

be viewed in real time. Smart contracts can also self-executing

transactions, driving operational efficiencies and speeding up payments.

It is a true betting decentralized platform that creates a confrontation

between an individual and an individual (Peer to Peer) that is no longer a

competition with professional casinos, and that all users can participate

directly in various roles, such as bookmakers, bettors, oracles, and is

created directly by users’ participation.

As an existing Sports betting structure operating model, Sportsbook

company regulates and operates game events, game methods and

dividend rates, and a game structure with individuals participating in

betting. However, MyTwoCents offers a new operating system for

individuals and individual game structures by allowing individual

participation in an open sportsbook marketplace to create game events

and wagers. For personal bookmakers to run Sports Book events, the

Game Dividend ratio limits the maximum bet amount suggested in a

balanced operating environment.


Native Currency CIB Token

The advantages of CIB tokens over fiat-currencies are numerous in

online gambling markets. For one, there are no issues with funds being

frozen or lost due to governmental seizure. Transactions are also far

cheaper to process and are hassle-free compared to credit cards, bank

wires, money transfers, and even online eWallets, that are the most

popular form of payment in regulated iGaming markets.

One could make a case that the explosion of cryptocurrencies saved

offshore sports betting. It has certainly helped the industry tremendously

when it comes costs and payout speeds for both bettors and online

sportsbooks.

In the MyTwoCents gaming environment, CIB tokens, along with the

ProximaX Sirius coin(XPX), are used as a dual currency for game

operations and user compensation. The CIB token is a customed

Mosaics type3 of tokens in-built contracts pre-defined on the blockchain

protocol to enable consumers to create digital asset representations on

the platform. They can be used to power a DApp’s inner economy or for

crowdfunding

The CIB Operation Token is a digital token as a currency for game-user-

oriented services that enables the main process for the creation of

wagers, participation to vote for outcomes of the bets, and compensation

for oracles. CIB tokens have the potential to increase the value of the

game and are an operating currency that cannot be mined. Token sale is

the only time CIB tokens can be generated and purchased through ICO

participation. CIB tokens will be traded in secure cryptocurrencies by

3 https://bcdocs.xpxsirius.io/docs/built-in-features/mosaic/

https://bcdocs.xpxsirius.io/docs/built-in-features/mosaic/


enabling the use of smart contracts that are essential for application

security and transparency.

The value of the CIB token as the digital currency, is dependent on the

laws of supply and demand. MyTwoCents created CIB tokens as tokens

with the game's operating process within ProximaX Sirius network. The

demand for CIB tokens will increase as more bookmakers and oracles

join the MyTwoCents’ ecosystem, increasing the value of tokens.

Increased demand and the speed of token supply and operation within

the ecosystem will be a very strong increase in the value of CIB tokens.

In the token economy model of MyTwoCents marketplace, 1% CIB token

will be burned after every successful vote in the oracle that will enhance

the value of tokens in distribution and support each token holder's asset

growth and value increase.

Oracle | Crowd Intelligence

Crowd intelligence, called as Collective intelligence4, can be a

meaningful and valuable mechanism in which members of the game are

encouraged to make bets from a variety of perspectives through

voluntary and autonomous participation, and individual efforts are

combined in the MyTwoCents ecosystem. An important element of the

collective intelligence mechanism5 6is not only to provide an open

environment and opportunities for users engagement and contribution,

but also to utilize a tool for showing query results as social intelligence

solutions, which provides a reward for collective engagement and is

responsible for the key functions of MyTwoCents' game results through

semantic analytics method of crowd intelligence.

4 Surowiecki, 2004. The Wisdoms of Crowds. 5 Michael Cross, in Social Media Security, 2014. Opportunities of Social Media. 6 Dan C. Marinescu, in Complex Systems and Clouds, 2017. Nature-Inspired Algorithms and Systems.


Multiple opinions and judgments generally influence decisions. It has

evolved as a means of direct participation and is used as a decision-

making method, and democracy is a good example. MyTwoCents seeks

to create a new form of decentralized network in a way that allows a

large number of individuals to derive results through such direct and

voluntary engagement through diverse opinions and compromises.

Applying real decentralized cryptocurrency technology by combining

objects that produce results through direct participation into a game, it is

combined with cryptocurrency technology at the top of a decentralized

environment instead of centralized data management. MyTwoCents

application was created as a result of a cohesive service that collected

keywords into decentralization, avoiding centralized methods such as

collective intelligence, distributed ledgers, and majority decisions.

MyTwoCents can use smart contracts and cryptocurrencies in the form

of games to create a more decentralized environment by combining the

intelligence and decisions of different people, and reward cryptocurrency

for the contributors as validators or oracles.

Collective intelligence and majority decision-making means are closely

connected to our lives and have been applied in a variety of areas over

time. For Instance, Wikipedia7, a new encyclopedia is made by many

people, such as the public and experts, or crowdfunding8 raises funds

from a large number of individuals through web and mobile networks for

various sponsorships, donations, new ideas or business investments, In

addition, various examples of research methods newly emerged by

distributed computing technology and big data can be seen as actions

utilizing collective intelligence of important meanings such as socio-

cultural aspects as well as science and technology.

7 https://en.wikipedia.org/wiki/Wikipedia:About 8 https://sites.lsa.umich.edu/collectiveintelligence/wp-content/uploads/sites/176/2015/02/Mitsui-Takahashi-and-Horita-CI-2015-Abstract.pdf


Smart Contract

Smart contracts are a series of software codes that automate the

process of contract execution and verification, and the contents of the

contract are automatically implemented for assets contained in the

blockchain without outside interference or arbitration.9 When smart

contract is deployed, it is not possible to change the terms and

conditions of the contract, but it can automatically transfer records, store

records, cash flow, and implement the contract, making the game safe,

transparent and efficient. In MyTwoCents application system, all bets are

set to a smart contract. Smart contracts play an important role in

preventing any manipulation from inside or outside. After all betting

games are over, the transaction is processed by a smart contract and the

winner will receive the prize immediately. Smart contracts are a key

means of reducing loss and maintenance costs due to errors and

keeping all bets and fact games in the MyTwoCents application, as all

betting data is permanently recorded on the blockchain and can

automate many processes related to common bets such as payment

verification and validation.

ProximaX’s Super contracts10 use Web Assembly, a contract code

instruction format for state-based virtual machines. Super contracts are

driven by multi signatures accounts, which creates a co-signatory driven

execution, a vital feature for businesses running enterprise-grade

automation.

9 http://www.fon.hum.uva.nl/rob/Courses/InformationInSpeech/CDROM/Literature/LOT winterschool2006/szabo.best.vwh.net/smart.contracts.html 10 https://www.publish0x.com/scribe/proximax-a-next-generation-blockchain-protocol-with-dynamic-xxgvnx

http://www.fon.hum.uva.nl/rob/Courses/InformationInSpeech/CDROM/Literature/LOT

https://www.publish0x.com/scribe/proximax-a-next-generation-blockchain-protocol-with-dynamic-xxgvnx

https://www.publish0x.com/scribe/proximax-a-next-generation-blockchain-protocol-with-dynamic-xxgvnx


ProximaX Sirius platform11

The ProximaX Sirius platform for betting game trading and CIB utility

tokens for game creation, game voting, and the collective intelligence

game operations design of rewards are designed to ensure a safe,

transparent and fair ecosystem. ProximaX Sirius Platform is adapted to

use NEM’s Catapult technology to operate as a public blockchain at a

later stage, enabling anyone to join and participate in the network.12

ProximaX Sirius is an all-encompassing development platform with

distributed off-chain storage, data streaming, and distributed database

layers in one framework for enterprise grade applications. A unique

agglomeration of blockchain and proven working technologies, it is

available as a private or public solution with different odes such as

blockchain validators, storage operators, and streaming nodes. It has a

native cryptocurrency and allows creating of digital assets within minutes

on this platform.

The public platform uses different consensus algorithms within the

diverse node ecosystem. An economically efficient Proof of Stake for

blockchain nodes, an advance verification system using Proof of Data

Possession and Proof of Storage for storage nodes, and a network

bandwidth reputation system called Proof of Bandwidth for streaming

nodes.

XPX is the native cryptocurrency for the public network. The blockchain

enables the creation of personalized digital assets within minutes without

programming (via wallet)

Betting Engine & Architecture

11 https://www.proximax.ltd/technology#Architecture 12 https://www.globenewswire.com/news-release/2018/03/22/1444541/0/en/ProximaX-Announces-Decentralized-Application-Platform-and-Plans-for-ICO.html

https://www.proximax.ltd/technology#Architecture

https://www.globenewswire.com/news-release/2018/03/22/1444541/0/en/ProximaX-Announces-Decentralized-Application-Platform-and-Plans-for-ICO.html

https://www.globenewswire.com/news-release/2018/03/22/1444541/0/en/ProximaX-Announces-Decentralized-Application-Platform-and-Plans-for-ICO.html


MyTwoCents provides sports betting games running on blockchain

technology with a crowd intelligence backdrop. In a game mechanism,

players create betting games, voting the result of the game, and the

game results provide the verification of the betting game winner, as well

as the smart contract protects the betting funds and automatically

distributes the prizes according to the results. These game operating

systems will become a transparent and reliable new Sports Betting

Community game model through the participation and operation of users

without a complete intermediary.

Game features

Type of Participants: Bookmaker, Wagerer, Oracle

Bookmaker

• Participants who create a variety of betting games to encourage

participation.


• Game can be created at the cost of a certain CIB token. A certain

percentage of the total bet staked in the generated game is

distributed to the creator.

• Random funds can be paid from initial funds from a reserved game

pot through random algorithms when creating games A model that

can increase profitability through promotion with relatively low risk.

Wagerer

• Actual Wagerers who participate in games created by Bookmakers

and aim to achieve high profits.

• The method of distributing the total betting amount to the betting

amount by applying the betting amount compared to the total amount

of the total betting that was bet on the win result of a competition

between participants rather than the competition against the casino in

the sports book.

• CIB tokens paid by the Bookmaker to participants with the largest

loss in the game.

• A high profit model with understanding and knowledge of games.

Oracle

• After the game time set for each game, the result of the betting game

will be derived through the game result verification process. Selected

participants (owning CIB tokens) who participate in the voting for the

verification process.

• The game result proof process will receive a token allocation at a

majority ratio compared to the total number of votes cast by majority

vote, and a certain percentage of the dividend stipulated in the betting

game will also be allocated in addition. A model that contributes and

profits to the network only through continuous participation without

risk.


Development Roadmap

• 1st Quarter, 2020 – Private sales and Pre-sales

- Open to Private group

- Presale with Discount

- Open to Public

• 2nd Quarter, 2020 – IEO Launch and Main-sales

• 3rd Quarter, 2020 – Development CIB Platform

- Development of UI

- Development of Backend

- Development of Smart contract

• 4th Quarter, 2020 – Release Alpha and Beta

- Dapp on Testnet

- Improvement from Alpha Test

- Dapp on Mainnet fro testing by users


- Improvement from beta test

• 1st Quarter, 2021 – Live Dapp

- Release Live & Milestone description

• 2nd Quarter, 2021 – Development of the new features

- Research and plan for new features


ICO Details

Token Allocations

Token sales are a method of selling based on blockchain technology.

The token sale and token development process are handled by Sigma

Entertainment Group Limited located in British Virgin Island. It is traded

by a smart contract of ProximaX Sirius platform based on the blockchain

for the protection of token sale participants and for maximum transparent

sales. In order to purchase CIB tokens, Bitcoin (BTC), Ethereum (ETH),

or USD must be transferred to the official MyTwoCents token sale smart

trading address. Once the purchase confirmation is completed, CIB

tokens will be automatically transferred to the buyer's wallet address

through automated transactions via smart contracts. It cannot be

transferred until the token sale is over and the token is activated.

The total token supply will be distributed as follows: The cost of selling

tokens includes fees and costs paid to marketing and partners. The

token supply may be modified at the time of the token sale, after which

the tokens can no longer be generated.

10,000,000 CIB Tokens

CIB (Collective Intelligence Bet) Token will be hosted on the ProximaX

Main net, with the maximum supply will of 10 Million CIB tokens. CIB

Token will be only able to be earned from IEO, there will be seed-sale of

10% (1,000,000) of CIB Tokens during pre-sale period.

During regular IEO, 40% (4,000,000) of CIB Tokens will be distributed.

Only Bitcoin (BTC), Ethereum (ETH), or USD will be cryptocurrency

accepted to purchase CIB Tokens. This is to facilitate smart contract


token air-drop activities necessary for distribution. Any other

cryptocurrency is strictly not allowed.

The soft cap for IEO is $500,000 USD. If IEO fails to achieve the soft

cap, the IEO will be canceled and all funds raised will be refunded to

contributors. The hard cap for all token sale rounds combined is

$4,000,000 USD.

As mentioned above, the total supply of CIB Token is 10,000,000. And

40% of the total supply will be issued for IEO which is equivalent to

4,000,000 CIB. CIB Token will be sold on public sale round at BTC value

equivalent to 0.0001 (without discount). The actual BTC rate to CIB will

be determined closer to token sale by taking the market average rate.

CIB Token details

Total Tokens issued 10,000,000 Tokens Price (USD)

IEO Target 4,000,000 CIB 4,000,000

1 CIB Token = 0.0001 BTC Hard cap 4,000,000 CIB 4,000,000

Soft cap 500,000 CIB 500,000

No Minimum Purchase amount

* 1 BTC = $10,000 USD

* 1 USD = 0.0001 BTC

CIB Token distribution

Distribution % CIB Tokens Price (BTC) Price(USD)

Seed-sale amount 10% 1,000,000 100 1,000,000

Crowd sale amount 40% 4,000,000 400 4,000,000

Team 10% 1,000,000 100 1,000,000

Ecosystem 40% 4,000,000 400 4,000,000

Total 100% 10,000,000 1,000 10,000,000


USE OF IEO PROCEEDS

• Advertisement & Marketing (30%): Contents and the digital

marketing team to deliver sponsorships, partnerships, and social

media ad purchases

• Business operations (10%): Support, trading and business

services teams

• Research & Product Development (50%): Core development team

to deliver on the transition of the existing Skrilla platform to the

blockchain and roadmap milestones

• Legal (5%): Corporate structuring, licensing in various

jurisdictions, and ongoing compliance costs with regulatory bodies

• Reserved (5%)

Sales Period

Token Sale will end:

- If the coins distributed in the token sale are sold out

Advertisement & Marketing

30%

Business operations

10%

Product Development

50%

Legal5%

Reserved5%

USE OF IEO PROCEEDS

Advertisement & Marketing Business operations Product Development Legal Reserved


- If the token sale hard cap is sold out

- If token sale period is completed: April 30, 2020


Team

Bob Young – CEO

Accomplished Executive with a successful ability in the creation and

execution of key business initiatives and objectives. Verified success in

meeting and exceeding revenue quotas. Thriving in a fast-paced industry

with a demonstrated ability to identify new opportunities, resulting in

sources of sustained revenue.

Sun Woo Kim – CTO

Passionate entrepreneur, 17 years of software development experience

and running variety startups.

Edgar Song – COO

Associated with a variety of early stage companies that are tackling the

innovation explosion around cryptocurrency and blockchain-based

models, a Co-Founder & COO of SEG focused on consulting and

advancing the application in blockchain technology

Hai Truong – CMO

Venture Capitalist associated in global retail. Professional Poker Player

and coach for 12 years and Real Estate Developer for 16 years.

Bob Ho – Board Director


Bachelor of Science and Doctor of Optometry University of Waterloo

grad. Currently in private practice in field of optometry. Investor with

interests in new world paradigm revolutionary concepts.

Advisor

Donis Marshall

Innovation in software CEO, Author of six books for Microsoft Press

Alvin Reyes

ProximaX Ltd Co-Founder, CTO


Partner

ProximaX

INNOVATION IN SOFTWARE

mytwocents · 2020-02-27 · page 03 overview page ... page 10 criteria for benefits &...

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