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dCipher Wallet
Version 0.8.5
Date: 17-Dec-2019
This whitepaper is a working document that is subject to review and changes
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Content
Content .......................................................................................................................................................... 2
I. Legal Disclaimers .................................................................................................................................... 3
II. Abstract – Executive summary ............................................................................................................... 4
Opportunity ............................................................................................................................................... 4
III. Mission, Vision, Core Values & Competence Areas ........................................................................... 6
IV. Execution ............................................................................................................................................ 7
Marketing & Sales ..................................................................................................................................... 8
Operations ................................................................................................................................................. 9
V. Distributed Platform ............................................................................................................................. 13
VI. Staking .............................................................................................................................................. 14
IX. Fiat Card & Merchant integration .................................................................................................... 17
The Card .................................................................................................................................................. 17
The Merchant integration ....................................................................................................................... 17
X. Crypto exchange ................................................................................................................................... 18
XI. Lending ............................................................................................................................................. 19
How Do Crypto Loans Work? .................................................................................................................. 19
Terms ....................................................................................................................................................... 19
Transparent process ................................................................................................................................ 20
Loan Repayment ...................................................................................................................................... 20
Loan Example .......................................................................................................................................... 20
XII. FAIL Token ......................................................................................................................................... 21
Release planning of tokens...................................................................................................................... 21
ETHMixer ................................................................................................................................................. 22
XIII. Crowdfunding projects ..................................................................................................................... 22
XIV. Token economics .............................................................................................................................. 23
XV. Team ................................................................................................................................................. 24
XVI. Roadmap .......................................................................................................................................... 27
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I. Legal Disclaimers
The purpose of this White Paper is to present dCipher company, dCipher Crypto Wallet and Fail Token
project. This project is a deflationary community project that transformed cryptocurrency in a social
game by using minting as a release operational process. Moreover, this project brought a community
impact into discussion, by starting a planting trees program that functions based on burnt tokens
whenever transactions are made between members of the community.
The information below should not be considered exhaustive and does not imply any elements of a
contractual relationship. Its sole purpose is to provide relevant and reasonable information to potential
token holders in order for them to determine whether to undertake a thorough analysis of the company
with the intent of acquiring Fail Tokens (FAIL).
Nothing in this White Paper shall be deemed to constitute a prospectus of any sort of a solicitation for
investment, nor does it, in any way, pertain to an offering or a solicitation of an or to buy any securities
in any jurisdiction. The document is not composed in accordance with, and is not subject to, laws or
regulations of any jurisdiction, which are designed to protect investors for future buys of FAIL tokens.
Certain statements, estimates, and financial information contained within this White Paper constitute
forward-looking, or pro-forma statements, and information. Such statements or information involves
known and unknown risks and uncertainties which may cause actual events or results to differ materially
from the estimates or the results implied or expressed in such forward-looking statements.
Nothing published by, or republished from, dCipher or any of its subsidiaries should be interpreted as
investment advice. Information is provided for educational and experiment purposes only. dCipher is in
no way providing trading or investment advice. Please consult with your appropriate licensed
professional before making any financial transactions, including any investments related to ideas or
opinions expressed, past, present, or future by the aforementioned entities and any future entities that
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may operate under the parent entities. dCipher does not intend to express financial, legal, tax, or any
other advice and any conclusions drawn from statements made by, or on, dCipher shall not be deemed
to constitute advice in any jurisdiction.
II. Abstract – Executive summary
dCipher brings in the market a deflationary cryptocurrency named FAIL Token, an ERC20 cryptocurrency
providing token holders with a share of its revenue. Thus, FAIL Token is launching both an educational
and ecological program that wants to educate people on the importance of taking care of the
environment. This program consists of, for now, planting one tree for each burnt token by its members
of the community.
Opportunity
Problem
After 2017-2018 Crypto boom, many people realized the capabilities of this new form of money
represented by digital tokens or Crypto currencies. However, this period brought also the limitations.
People had realized that it is difficult to buy Crypto when you really want it, as during the price spikes most
of the exchanges had difficulties in keeping their servers up, and services at a proper quality due to the
high number of people that were joining. In addition, when the markets started to collapse we could
observe the other side of it, the difficulty of selling the crypto tokens due to the same issue.
Another issue had proven to be the difficulty to spend crypto tokens on daily basis. In order to do so, you
had to sell the tokens on an exchange like Coinbase or Kraken, which were enabling Fiat to Crypto
exchange option. You could then send the money in your bank account, which usually took more than a
day. Another possibility was to use an ATM, in the countries where those are available. In both cases, the
fees were quite high, around 5%.
The above-mentioned issues are in contradiction with the whole purpose of Bitcoin and cryptocurrencies in
general, which is to provide a Financial Freedom or to help the unbanked. This is currently still just a far
dream as, the infrastructure is difficult to put in place and complicated for most of the people, not to
mention that if you are doing even small mistakes it is a high probability to lose your holdings.
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Solution
In order to resolve the previously mentioned problems, we aim to offer an user friendly interface that will
incorporates all the tools that will enable the user`s financial freedom, by putting the crypto and FIAT
currency holdings in the user`s ownership in a secure and friendly to use interface.
Our solution will not only provide the tools to spend the holdings, but also will enable our users to make
more money through our lending platform, trading services or investing platforms.
The lending platform will enable the users with FIAT holdings to lend money to people that are willing to
put Crypto as a collateral to get short and medium term loans.
The trading services will allow our customers to choose the desired trading platform and to trade the coins
directly from our wallet.
We will chose the most promising and trust worthy projects that are seeking for investments and we will
provide our clients a fast and safe way to invest and to follow the projects evolution
Market
Overall Cryptocurrency marketcap is worth 200 billion dollars, down from 800 billions. Compared with the
other trading markets, and adding the fact that this is a 10 years old market, it has the potential to get to
the same level with Gold Market, which is an almost 8 trillion dollar market
Competition
Being an all in one product, we are aiming three main markets that combined are worth more than $5
Billion in revenue for the existing players in 2018. These markets are:
1. The Crypto market – estimated to an over $250 Billion dollars, it is worth to split it in two:
a. Companies that are providing Crypto only services – these might provide some FIAT
services through third party companies. Here are worth mentioning Bread Wallet and Trust
Wallet that manage together over $15 Billion in assets for its customers
b. Companies that provide both Crypto and Fiat services – these are not that well developed
yet due to a tough legislation in most of the countries. The most known players are
Monaco and Wirex
2. The FIAT Market – Generating an estimated of over $300 million in 2019 so far, only to the two
main players, Revolut and Transferwise are allowing their customers to get the benefits of a quick,
cheap and reliable FIAT exchange service, that helps over 7 million people to get the best
exchange rates wherever they are.
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III. Mission, Vision, Core Values & Competence Areas
Our Mission
Deflationary currencies are some of the latest trials in the industry, which have limited opportunities to
succeed because it goes against the principle of current world economy. The current, so called, “rich
effect” determines people whose wealth increases, to spend more and more. Fiat is inflationary by
design, which apparently promotes economic growth, at least at the moment.
FAIL token tries to bend the limit of deflationary currencies even more, transforming it in a Social Game.
We are putting the distribution process in the hands of our community, and we try to make from FAIL
the most distributed currency possible. This is done by enabling a mint function for every token sent,
and also by adding a second function for a deposit in the mother account. Once we reach the total cap,
we start to decrease the cap amount by burning tokens, until we reach to our low cap amount when the
treasure box is opened for our remaining token owners.
Our Vision
Cryptocurrency in Every Wallet™.
In the same way that Uber is the largest transportation company that owns no vehicles and Airbnb is the
largest hotel company that owns no buildings, dCipher is on its way to becoming the largest financial
institution that controls no customer funds. And, FAIL token is to become one of the most important
educational programs that changes people’s lives and makes our environment a better place to life.
Our Core Values
Think Clearly, Be Resourceful, Stay Determined, Dream Big & Be Decisive, Act as Owners, Remain
Humble.
Our Competence Areas
Engineering, Compliance & User Experience Design.
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IV. Execution
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With the help of cutting edge technology, dCipher Crypto Wallet will empower financial freedom
between its customers. Artificial Intelligence and Blockchain will empower dCipher network by putting
at our customers’ service a set of tools that will enable a better connection between buyers and sellers,
between businesses and its customers.
Lending money and funding projects will no longer be a difficult thing to do, thanks to our native and
easy to use mobile app. Businesses will be able to integrate our native plug-ins in their online stores in
order to provide an easy and cheap way for their clients to pay with crypto for their goods or services.
Marketing & Sales
Marketing Plan
In the Fintech market, the marketing plan is vital to reach your customers, until your brand will manage to
be well recognized in the market.
Thanks to a side project of ours – Fail Token – a deflationary token – we have already a good social media
coverage with 2600 Followers on Twitter, and over 3000 community members on Telegram.
We are planning to extend our coverage thanks to Social Media and Google ads, to be able to reach to a
bigger audience, by investing up to $10,000 per month in the first year after we are launching the FIAT
services.
Together with the online campaigns, we need to be present at the main crypto currency events worldwide.
Each such event will require an investment of up to $20,000.
Sales Plan
The Sales plan differs based on each market.
a. Crypto Currency Market
We will build partnerships with exchanges to integrate them in our platform. Through this
integration, users will be able quickly to buy/sell from the exchanges and have the crypto
assets in their ownership. The main benefit will be that we will not restrict them from what
platform to use, they will be able to choose the preferred one between the already integrated
ones. Our fee will be 0.1% from the transaction. This will be split between the exchange that
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we are integrating and the customer. We will try to negotiate with exchanges to get at least
25% of the fee that they are requesting, in order not to double the overall exchange fee.
Another fee on this area will be the Fiat to Crypto acquisition, which will be initially done
through a third party solution, which is yet to be decided. In the second stage, we will get our
licenses to be able to provide our users our own proprietary solution for such acquisition.
b. Fiat Market
The Fiat Market generates revenue from the currency exchanges mainly, but also from Crypto
ATM withdrawals once we will enable our users to have Credit Cards. We are now analyzing
the possibility of providing different plans for the Fiat services, which will imply some monthly
fixed fees. For ATM withdrawal services, the fee will be decided based on the negotiations
with Visa/Mastercard, but most probably, it will be 2% after a certain amount.
c. Crypto Lending Market
As the current market is generating 2% revenue from the existing lending services, our fee will
be as well in this area. The customers, which will lend the money, will propose an interest,
which the customers that request the lending will have to accept. For our intermediary
services, we will perceive 2% from the amount.
d. Project Funding Market
The fees for each project funded will be negotiated with each project separately, based on the
project potential and amount expected. As a standard fee, it will be 10% of the requested
funding, but the amount could differ. There will be separate packages that will differ based on
the level of the promotion of the project on our platform and on social media or events.
Operations
Regulatory Requirements
All the services that we will provide are set to respect all the regulations that each country are having.
Currently the APAC region has the most flexible FinTech laws, followed by EU, and then only by US.
The crypto holding services will be available globally, but each of the other services that dCipher wallet will
provide will be restricted or allowed in that specific country based on the local regulation. We are planning
to release our FIAT and Crypto to FIAT services in at least 10 countries per year.
Technology
Before jumping into tools used to develop dCipher Crypto Wallet, it is mandatory to discuss the basics of
Blockchain.
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A definition is: “A blockchain is, in the simplest of terms, a time-stamped series of immutable record of data
that is managed by a cluster of computers not owned by any single entity. Each of these blocks of data
(i.e. blocks) are secured and bound to each other using cryptographic principles (i.e. chain).”
In other words, Blockchain is the technology that underpins digital currencies (Bitcoin, Litecoin, Ethereum,
and other). This technology allows digital information to be distributed, but not copied. You may hear it
described as a “digital ledger” stored in a distributed network.
Equipment & Tools
1. Android studio:
We turned to Android studio as dCipher main development environment, due to its popularity among
developers. Android Studio is a powerful tool created and supported by Google, and provides code
editing, debugging and testing tools all within a very user-friendly interface.
2. AVD Manager
AVD Manager is an emulator used to run Android apps on a computer, and as its own name suggests, it’s
an ‘Android Virtual Device Manager’.
This is another useful tool that helped us in the development process. AVD Manager allowed us to test the
responsiveness and performances of our app, on different types of Android devices.
3. Firebase
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Firebase is another Google platform, which main purpose is to help you develop high quality apps.
We used Firebase just for our internal chat room app, which includes possibility for authentication, hosting
and cloud storing our users messages into a much safer environment.
4. GitHub
GitHub is a great tool for teams larger than 2 developers that are involved in the same project. This was
the case for dCipher team as well, reason why this tool helped us structure dCipher Wallet app in Git
repositories.
Moreover, it helped us share projects, keep track of multiple versions of dCipher app, as well as manage
the project tasks while checking every developer’s performance.
For more details on how our project evolves, please check out the link below:
https://github.com/dCipherDev
5. C ++
C++ is a programming language used for sophisticated high-performance applications. This high-
performance being a result for its strong stability, high-speed and object orientation.
It is widely used nowadays for competitive programming, being very popular among blockchain projects
as well. Here we can share examples like: Bitcoin, Ripple, Bitcoin Cash, Litecoin, Monero, Eos, Stellar.
Moreover, C++ was used in writing Ethereum, Bitcoin and Bitcoin Cash core blockchain.
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All in all, we turned ourselves to C++ as well, as this was the programming language that could make
dCipher wallet a high performing app.
6. Java
Java is another programming language supported by Oracle, having as main purposes to reduce costs
and improve application services.
We used Java in the entire dCipher Crypto Wallet, apart from price interrogations where we’ve opt for a
much faster solution.
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V. Distributed Platform
Decentralized future is all that crypto believers dream about. A world in which there is no central
authority that can govern across communities, a world where consensus is the answer to all the
decisions.
However, in the current political and financial circumstances this world seems far away. We have
already witnessed a few attempts from Decentralized Autonomous Organization (DAO), but these failed
mostly because of human error, but also because of human greed. It really seems that we are not yet
prepared for a total decentralized world, and banks and financial institutions, that rule today`s world,
will continue trying to push this future as far away as possible.
However, thanks to Artificial Intelligence there will be a transition period of time, in which the human
behavior will change and the things around us will become more autonomous.
This is the vision that we propose. We want to empower people to build their way; we want to help
connecting all the human and technical capabilities in one, having the scope of empowering people to
take their own freedom. We don`t plan to build all the tools for that, we don`t want to build a bank, a
country, or a financial institution. We believe that by providing some easy tools for our customers to
build their own application, connect to any blockchain and have their financial liberty, there will be no
limit set.
Our plan is to begin by training AI to do repetitive tasks that can be slowly released from human hands
on robot hands. We will ensure transaction recording on a COSMOS blockchain, as a PoS solution. This
the best current solution that is also Earth friendly, as well as the cheaper solution than running but it is
also paves the way for future inter-blockchain operability by allowing to integrate with the Cosmos
world. The security will be ensured by our validators through the Staking process, that will be described
in the next chapter.
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By having the security problem solved, we can ensure that the rest of our solutions can run
independently and can
VI. Staking
Proof of staking (POS) is a consensus algorithm, which enables a miner to validate new transaction on a
blockchain platform by staking an amount of coins to ensure his good intentions. The more coins a miner
stakes, the higher is his validating power. In the case the miner will be caught trying to misuse his power,
his amount of coins will be seized and used to repay the good miners.
For example, Cosmos POS uses a partially synchronous Byzantine fault-tolerant (BFT) consensus
mechanism, that enables s simplicity, performance, and fork-accountability. Tendermint has also
protective measures for preventing certain notable attacks, like long-range-nothing-at-stake double
spends and censorship. More details on this can be found in the Cosmos whitepaper.
Validators will participate to the mining consensus and broadcast their votes to commit blocks under the
form of cryptographic signatures. Thanks to the Tendermint structure we will keep a fixed known set of
validators, each of them will be validated by their public keys, that will come to validate one block at a
time. Each round will have a validator that will propose the block, and that will act as a round-leader
which is chosen deterministically by their voting power.
VII. dCipher Desktop Wallet
Desktop Wallet in dCipher is a key component of dCipher software. Just like any other desktop
wallets, you need to download and install the wallet to your PC or laptop. dCipher Desktop Wallet 2019 ©
can be accessed only from the same computer or laptop. Desktop wallet is actually a safer form of digital
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wallet, if you use the computer or laptop personally at home. In dCipher, the desktop wallet is called
dCipher Desktop. It functions like METAMASK in Ethereum network. However, dCipher comes with more
user-friendly features. It is easy to manage, even by beginners. dCipher is also present in the form of
paper wallet. It is a piece of software used to generate a pair of keys, and then, the keys are printed.
On the other hand, there are still some risks associated with desktop wallets. When your computer or
laptop is hacked (while it is connected to internet) or when a virus attacks your PC or laptop, you may
lose all your funds, and you fail to gain access to the digital wallet. Therefore, make sure that the PC or
laptop that stores your desktop wallet is properly maintained and protected.
VIII. dCipher Android Wallet
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dCipher also offers a Mobile version for Android devices. This is the result of cellular app
development for the mobile users. This type of wallet enables the users to manage their wallet right from
their mobile phone. It means that they can access it anytime and anywhere. This is expected to enhance
convenience and comfort in managing the wallet. Hot wallet is accessible from any device, as long as it is
connected to internet. The cellular app is designed with all features owned by desktop wallet plus other
things such as: an internal chat, a game called Guess or FAIL (a game where you have to guess crypto
tickers, being rewarded at the end in crypto tokens called FAIL).
The cellular apps power the use of dCipher as a digital currency in the real world. This solves the current
problem with most of the cryptocurrencies. Few of them have cellular apps, while users are mostly
mobile. It is impossible to use digital currency to pay for goods or services in real world, if you can only
manage your digital assets using desktop at home, right? When dCipher is accepted by merchants
throughout the world, it will need a portable payment system. Here is where cellular app come in. The
mobile apps allow the users to check the transactions and dCipher balance anytime. We realize that all
the dCipher users are busy people. Therefore, we offer a convenient wallet management system to allow
the users manage the account right at their hands.
https://play.google.com/store/apps/details?id=com.androidwallet
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IX. Fiat Card & Merchant integration
The Card
dCipher Crypto Wallet will help customers to convert their fiat and cryptocurrency. This will provide our
customers a single system, unified, in which they can manage their assets without the risk of being locked
by a single financial institution.
Across the worlds, the dCipher Crypto Wallet users will be able to manage their personal assets, through
a few functionalities that include:
Full control of the personal assets
Funding international debit cards in real time
Access a vast and competitive exchange rates and fees
Easy personal financial management
Competitive terms for funding and Hassle-free KYC
The Merchant integration
Crypto point of sale (POS) We will provide the possibility to equip the regular business cashiers-desk with dCipher POS to increase
the market liquidity, to increase the availability and accessibility of the places where you can buy or sell
crypto, but also to provide everyday consuming options like: Mobile, Internet, Home TV & Utility Bill
payments.
E-commerce plugins Being in the internet era, and as the increase in the online transaction increases exponentially, enabling
the online stores to easily accept crypto payments, to support the cryptocurrency community. Secondly,
to increase the alternative for people that hold their coins and have limited options how to exchange
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them. Also this is a very good option for the stores, that, being crypto-friendly, would very much see a
spike in the sales thanks to this fact.
Crypto Payment APIs As we stated previously our belief is that the Sky is the Limit! And we don`t want to oppose to that. So we
will enable a user friendly API that will empower sending and receiving crypto payments, and exchange
them the desired exchange. We provide the backbone, so that our users can build their dreams.
X. Crypto exchange
Introduction the Decentralized Exchange (DEX) The potential solution to the dominance of centralized cryptocurrency exchanges is the decentralized
exchange or the decentralized exchange protocols (DEXs). These solutions are trying to build peer-to-
peer marketplaces between users directly & anonymously. Some try to take ideas from the structure of
centralized exchanges and add decentralized elements, while others take a more radical peer-to-peer
approach in the decentralization of digital asset trading. Most adopt the concept of an order book in
their design decision while some embrace a more peer-to-peer alternative of directly swapping assets
with others. An element which all of the decentralized exchanges share is their non-custodial nature.
Users remain in control of their funds only while trading on these platforms. Leveraging the potential of
smart contracts, users only give away control over their funds once the trade has been executed.
Currently, a common limitation of decentralized exchanges is low levels of liquidity given that most
trades are still done on centralized exchanges.
Centralized Exchanges Fast forward to 2018 and traditional centralized models of custodianship remain the dominant form of
storing and exchanging digital assets. The vast majority of digital tokens are currently stored on
centralized exchanges. The old structures of centralized store and exchange of value seem to have
persisted culturally as well as technically. The development of robust exchange platforms has become
critical to advancing the tokenized economy. As the cryptocurrency market goes mainstream, there is
massive demand on exchanges to quickly and securely facilitate digital asset trading for the masses.
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Our vision regarding our DEX Building a decentralized exchange is possible, but connecting to the desired one for the best rate is ideal.
We plan to make the life easier for both parties so that clients could easily access any desired exchange,
but also for exchanges to have an easy access to the customers all over the world through our Exchange
Hub. dCipher will have to enforce KYC protocol in partnership with KYC processors in order to meet the
criteria requested by the third party exchanges and money processors, to ensure compliance with
relevant international anti-money laundering legislation.
XI. Lending
How Do Crypto Loans Work?
Loans are a very common way for people to quickly access cash by putting an asset as a collateral. Similar
to traditional loans, in crypto loans the borrower will need to put a crypto asset as a collateral in order to
access some funds.
Terms
We don`t impose the terms, those have to be agreed between the lender and the borrower. The funds
will be released once the both sides agreed on terms and conditions. Borrowers will have to pay regular
interest. This could be fixed or floating and can vary based on specific factors like quality of collateral,
market situation and more.
One of the key aspects of the Crypto loans is the crypto volatility that currently characterize the market.
Once the value of the collateral drops under a certain level we will enable a margin call possibility when
borrowers will be able to call their loan back. Also they will be able to continue their loan by backing
further the collateral and extending it.
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Transparent process
Even though the KYC process will still be a must, the crypto backed loans, unlike the traditional ones that
require extensive verification, and tough documentation, process that takes weeks, are simple,
transparent and secure, being backed by a smart-contract system. The whole process will be monitored
by an AI, and will be deployed on a blockchain protocol in order to eliminate the possibility of disputes
and to increase the transparency and trust from both sides.
This will increase the flexibility, speed and process of the overall loan, becoming an almost instance
process once the parties settle on terms
Loan Repayment
You can repay all or part of your loan at any time by bank transfer or using crypto, including the assets
deposited in your dCipher Crypto Wallet.
Loan Example
Let’s say you want to buy a $10,000 car and instead of selling your Bitcoin, you would like to use it for an
instant crypto-backed loan from dCipher Crypto Wallet.
Loan Limit: $10,000 (available instantly)
Deposit Required: $20,000 (worth of BTC, which stays yours)
Interest: 8% per year APR (Annual Percentage Interest Rate – agreed with Loaner)
Daily Interest: ~$2.22 (debited daily from your available credit limit)
No additional fees. No hidden charges. No installments.
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XII. FAIL Token
Release planning of tokens
dCipher launched a token named Fail Token is FAIL, with a total supply of 500.000 tokens. The specific
distribution plan is as follows:
Percentage of total supply Distribution scheme Details
37.3 %
Airdrop
These tokens will be distributed
by our team as airdrop or other
incentive campaigns.
62.8 %
Minting each transaction between 1 and 10 FAIL tokens will mint the same amount, which will be reverted in the senders account
any transaction of more than 10 FAIL tokens will mint a total of 10 fail tokens
each transaction will also mint 2 FAIL tokens to a pool smart contract which will be open for everybody (details will be released shortly)
As well part of these tokens are used for development of dCipher wallet and FAIL token, market promotions, talent requirement.
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ETHMixer
ETHMixer is an Ethereum transaction mixer that utilizes parts of CryptoNote to enable zero-knowledge transactions, and this is what dCipher wallet wants to achieve in the end.
This is achieved when an ETH sender deposits a fixed amount cryptocurrency into a ETHMixer smart contract, allows the Gas fees involved, and provides the withdrawal address of receivable person.
The deposited amount is pooled with those of other senders’ funds, effectively mixing the supply, and
once a minimum threshold of tokens is reached, the individual receiver can withdraw their funds without
any “…way of telling who sent money to whom, only that the swapping of money took place.”
Because of the matching nature of these pools, it is presently only possible to send fixed amounts of ETH
– 2, 4, 8, 16 or 32 ETH.
Although 5 people are required to deposit similar amounts for the pools to be automatically triggered, it
is possible for end recipients to retrieve their funds with as low as 2 pool participants that confirm
accepting a lower level of privacy.
XIII. Crowdfunding projects
Crowdfunding is nowadays the best way to get funding for small/medium projects. Thanks to bank low
interest, institutional investors are now, not the only ones that are interested in investing.
You can use dCipher to get funding for just about anything, as long as it’s legal. Your dream could be a
startup company, a charitable project, a gift, a holiday or even a new car. All you have to do is to back
someone else’s campaign before you seek backing for your own. dCipher is ideal for people who don’t
have the contacts, skills, or funds to campaign in other ways
https://icorating.com/upload/whitepaper/ejlFmQXiIaLvaBsXD39xe09E7TtCRMnQdexi0MHW.pdf
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XIV. Token economics
Airdrop 37%
Mint Tokens 43%
Team 5%
Marketing & Advertising 15%
FAIL Token
Airdrop 37% Mint Tokens 43% Team 5% Marketing & Advertising 15%
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XV. Team
Claudiu Simon
This broad experience enriched Claudiu’s vision regarding the corporate directions, and team
management. Thanks to the projects in which he was involved he had the opportunity to be in contact with
the higher management of these companies and to learn from the best.
His passion regarding new technologies has lead him to discover blockchain and to understand its
capabilities and its current limits.
His strong functional, technical and analytical skills and the devoted approach recommend him as a leader
that can not only manage virtual and physical teams, but also to work side by side with its team members
to deliver the best possible outcome of the projects he is involved in.
Radu Andreescu
With more than 4 years of experience in PL/SQL development and Oracle EBS implementation and
customization, Radu enjoys working on complex projects as they challenge him to step back and look at
the big picture, which helps him think one-step ahead. Advocating for decentralization, Radu values the
importance of open source applications and technologies.
As new and revolutionary trends are emerging, Radu’s top priority is to get the latest information available
and effectively use it to develop business solutions, which boost efficiency and performance.
Fields of expertise: Oracle EBS (11i, R12), software development, IT & digital media, Solidity development,
detail oriented, business process development
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Sebastian Dirman
Passionate about web technologies and focused on developing new tools and technologies, he is a self-
starter and a very motivated developer.
With a background of 4+ years of experience in tech consultancy, he continuously works on refining his
professional skills, in order to deliver in full and on time the right solutions for the company he works for.
Fields of expertise: cyber security, Ethereum development, Oracle EBS consultancy, tech consultancy,
decentralization advocate.
Alexandru Dirman
An enthusiast self-taught developer, with 3+ years’ expertise in mobile and web apps architecture, smart-
contracts and Oracle EBS development.
Eager to adopt and develop innovative IT technologies, he loves to take on challenges and contribute to
blockchain development and adoption, in order to create a decentralized digital world, with the right
solutions for every business.
Always looking forward to meet great people, with a similar interest who wish to bring their contribution to
blockchain community.
Fields of expertise: software and blockchain development, Intrexx certificate developer, front & back end
development, Oracle EBS development and customization, team player and solution oriented.
Gabriela Tarabuta
With more than 8 years of experience in customer service, client and brand management in different fields
such as technical, financial, medical, gaming etc., she accepted the challenge to try crypto world as well.
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Passionate about words, communication and with a great interest in making every project a success, she
is on board with her customer-centric mindfulness that enables us to thrive.
Fields of expertise: Customer and Client Relations, Brand Strategy, Process Improvements, Management
strategies, Consultancy, team player, creative and innovation focused.
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XVI. Roadmap
Q4 2018 – Fail Token project creation started and the first coding line was written
Q1 2019 - dCipher Android wallet got released, listing the following assets: BTC-BCH-ETH-ERC20
Q2 2019 - ‘Buy crypto with Fiat’ implementation into dCipher Android wallet, and another 10 assets were
added
Q3 2019 - dCipher Android Wallet reached 500 downloads and a new release was published. This version
added FAIL Token https://play.google.com/store/apps/details?id=com.androidwallet
Q4 2019 - First batch of trees was planted https://www.youtube.com/wath?v=pFQYq3sSZdY
Q4 2019 - FAIL token exchange listing
Q1 2020 - dCipher Desktop Wallet will be released
Q2 2020 - dCipher Android Wallet release with ETHMixer implementation
Q3 2020 - dCipher DEX will be released
Q3 2020 - dCipher landing platform will be released
Q4 2020 - dCipher iOS Wallet will be published
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