WHITE PAPER

Part. 1-The beginning of virtualcurrency-

Part. 2-Block chain is-

Part. 3-What Evercoin-

Part. 4-Evercoin Vision-

Ver. 2. 0

“Alternative currency for everyone”

Page 01

-The beginning of virtual currencies-

Bitcoin is an online virtual currency (digital currency) that has no physical form, unlike a banknote or coin. It

was invented by an unidentified computer programmer disguised as Satomi Nakamoto in 2008 when the US

financial crisis was on the rise. In particular, 2009 was the year when the Fed began massive quantitative

easing to supply the market with a huge amount of dollars. As the dollar depreciated, Bitcoin began to attract

attention as an alternative currency. Bitcoin is a method in which buyers and sellers pay directly by eliminating

a third party such as a credit card company, so transaction costs rarely occur. Also, anyone can easily create

an account.

Therefore, Bitcoin can be very useful for transactions such as overseas remittances or micropayments.

Foreign remittances through banks are inefficient because they are time consuming and costly. In addition,

70% of the world's people do not have bankbooks, so there are many people who have restrictions on their

use. It is often the case that a small amount of payment is burdensome for the seller because of the bank

account transfer and the charge structure of the credit card. Bitcoin can provide value in these transactions

that the traditional means of payment do not. Users can send and receive Bitcoins as if transferring money

through internet banking through 'Wallet' program downloaded from the Internet. You can buy or cash a Bit-

coin at an internet exchange site. Bitcoin has already been used in cash in Europe, North America and

China, and in Korea, transactions have been steadily increasing through Bitcoin Exchange.

The average monthly transaction amount based on the top 3 domestic coin exchanges BITSUM, COBIT and

COIN was KRW 47 billion, but the daily transaction amount reached more than KRW 8 billion only in domestic

market Bitsum September 2017.

As of early October 2017, 1-Bitcoin in Korea is trading at around 4.6 million won.

The issuance of money and histories of users' transactions are monitored and disclosed to the whole network,

and transaction records are also approved on the whole network.

A set of all new records is called a block, and the entitlement to create it is given to the miner who has

solved math problem. In other words, obtaining a Bitcoin through mining can be called a cost of forming a

block by combining new transaction records.

When blocks are chained, they are all transaction records so far, called a block chain. Block chains are also

called public ledgers.

Page 02

Can you believe that if you can send money directly to anyone in the world without using a bank? Probably,

you can save the commission for exchange and remittance.

What if there is a cloud storage that does not require a server?

No base to be attacked from hackers, so you can keep your data more secure.

What about an Internet address system that does not require an administrator? It will not be necessary to

fight due to the internet address. The three cases mentioned above are not imaginary. All are already

implemented technically. The key technology enabling all these is the block chain.

A block chain is a chain of transactions that considers transaction information as a single block and links it

sequentially. This book is open to everyone, unlike a book kept only by traders in reality. At first glance,

it is dangerous because the contents of individual transactions are exposed to all. However, on the contrary,

it is much safer and more convenient.

Let's start with convenience first. The block chain does not need a 'third party' accredited by a government

such as banks when trading. Individuals can trade directly without using a bank. This is called Peer to Peer

(P2P). P2P is not a strange way. Maybe a lot of people have experienced it for years. Music download sites

such as 'SORIBADA', video downloads sites, and torrents all use P2P networks.

These sites provide us with convenience, but every time we use it, there is a bit of frustration. "Where is the

file I’m downloading now coming from? Is it trustworthy?”

It is probably because you cannot trust the unknown person connected to you.

Here safety issues arise. We shop online and send money without any doubt to the stranger whom we do not

even know, because the bank guarantees the transfer and transaction history of our money. If there is no bank,

something else has to prove that the transaction history is not forged. The block chain is the alternative for

the bank's guarantee function using an open unique algorithm. It is a way to distribute the function of agree-

ment to network participants.

Recently, with the participation of enthusiastic supporters of block chain technology and increased enthusiasm

for investment, the rapidly growing cryptocurrency market with a market capitalization of 100 trillion won has been

rapidly emerging as a new wealth creation market.

Unlike in the past, it is a phenomenon that has not been seen before as it has begun to change the world's

wealth in the sense that it is a market formed mainly by individuals rather than corporations.

<Features of the block chain>Transparency : Anyone can track remittance

records transferred to another account.

Immutability : Once a transaction is approved,

it cannot be canceled and no one can interfere

in the transaction.

Low Fee : There are very few transaction fees.

Without a border : As in the immediate area,

you can easily send funds to any country in the world.

Fast speed : With the smooth and transparent nature

of the block chain, remittances can be checked almost instantly within minutes.

-What Evercoin?-

With the information revolution and the development of IT technology based on the world wide, the concept

of virtual money has emerged. This is causing a tremendous change in the flow of existing currencies.

Can you imagine how many virtual currencies exist on earth?

There are about 1000 kinds of virtual currencies around us, while we do not even know most of their

existences. Generally, virtual currencies are called by various names such as e-money, electronic currency

or cyber money, but all are included in the same concept. They are all created and used for the similar

purposes. The development of IT technology is making a great contribution to widening the range of money

and certificates electronically exchanged.

And it is Bitcoin that draws a stroke even in this virtual money.

Since then, many developers have been influenced by Bitcoin, and have become involved in coin making.

Various virtual currencies such as Etherium, Doi Ticor, Black Coin, and Light Coin are beginning to emerge.

The word collectively called these currencies are called Altcoin. It is called the Altcoin by abbreviating the

alternative coin as the word referring to the virtual currencies excluding Bitcoin. One of the most popular

among the various Altcoins is Light Coin.

LITECOIN

October 2011

Worldwide

Encrypted, virtual currency

LTC,t

POW (Proof-of-Work)

84,000,000 LTC

Division Contents

Light coin is a cryptocurrency released by Charlie Lee,

Google's former software engineer and director of Coin-

base on October 7, 2011. The unofficial abbreviation used

among cryptographic investors in Korea is "RAKO”

It is a derived currency of Bitcoin, and although it uses

the same algorithm as Bitcoin technically, there are some

big differences to differentiate it from Bitcoin.

We can easily find Charlie Lee representing Light coin on

various medias . It is contrasting to Bitcoin made by un-

known developer.

Page 03

Coin name

Introduction day

Country of use

Classification

Symbol, unit

Issuing method

Maximum volume

-The differences between Evercoin and Bitcoin

-EVC Technicak Info.-

Coin name

Unit

Server Payment Compensation

Encryption type

Difficulty of Algorithm

Time difference between blocks

Block compensation

Block half-life

Total coins

Publication period

EVERCOIN

EVC

POW (Proof of Work)

scrypt

Kimoto Grvity Well

50

100 coins per 1 Block

73,500 Block

210,000,000

~2040

Division Contents

Evercoin has a coin called Evc which is used in the network as Light coin series among many coin lines and

is an alternative coin that will act as a medium to enable efficient exchange between various virtual assets.

Evercoin was developed with Light Coin in mind, but almost all of the technical aspects are the same as Bit

coin. However, it aims at better virtual currency by securing the disadvantage of Bit coin, and the big differ-

ences from Bit coin are as follows :

1. Difference in block processing time

The Bitcoin block is updated every 10 minutes, but the Evercoin block is updated every 2.5 minutes (1/4 of

the Bitcoin’s. The Evercoin network can identify the block at a faster rate than the Bitcoin network and

demonstrate more potential.

2. Difference in cryptographic algorithms

Bitcoin is based on SHA-256, but Lite coin uses a cryptographic algorithm called Scrypt.

For a while, Scrypt has not been implemented efficiently using ASICs and FPGAs, so its graphic cards last

longer than SHA-256 of Bitcoin. By the end of 2014, ASIC diggers for Light coin began to be released, and

its efficiency continues to develop, and now Light Coin ASIC diggers have begun to dominate the market.

Evercoin, like Light Coin, its mining efficiency will soon be improved.

Page 04

-Expertise of Evercoin

3. Difference in amount of issue

Evercoin will eventually make 210 million Evercoins. It is possible to produce exactly 10 times more currencies

than that of Bitcoin (21 millions).

The Evercoin Executive Management Team is a unique combination of many specializations to successfully

design, develop and implement EVC solutions.

[Technology system]

EVC's technical staff consists of team members trained in all aspects of information technology, including

operating system services, business application software development and data center operations, maintenance

and security. EVC partner's software applications are based on the same n-tier architecture as the world-

famous programs. This allows the best response within the technical team to respond to changing business

requirements

[Cryptocurrency]

The EVC technical team is closely involved in the development of several encrypted currencies and has been

devoted to the phenomenon cryptocurrencies at the technology and business level for many years. The EVC

technical team provides a configuration that allows anyone to manage their own encrypted currency without

having prior knowledge of encrypted block chain.

[Securing security]

Vulnerabilities exist in all types of institutions, including current exchanges, investment banks, and small scale

transaction data. Even in the most secure world of encrypted money, this security concern is significant.

Therefore, the Evercoin Exchange focuses on blocking international hackers' entry into the market by com-

municating with many industry experts for security.

[Transaction Tracking System]

The anonymity of virtual money can be exploited more in various fields such as Money laundering and drug

trafficking etc.

<Transaction Tracking System>

Page 05

Stability Anonymity Volatility

Block Chain -Exchange

-Wallet

-Exchange information

-Payment reserve ratio

-Volatility control

-Many users

-Value as a third generation currency

Build various infrastructures of encrypted currency

Provides service manuals through various business exchanges based on block chain technology

Establish global exchange through network strategy

Will be listed on the world famous exchange market with continuous value increase

Increased value of coin brand through active community activities

Increased use of Evercoin by developing various contents

Growth into third generation currency

Through Bitcoin encrypted currency, we have already proven that Bitcoin also has the property of a security

asset that is already prevalent in the real economy.

Encrypted money, like security assets, cannot be counterfeited, tampered, has a limited amount of currency

that no security assets have, and its transaction histories are transparently disclosed.

We will prove the value of Evercoin as the third generation currency and make it possible for anyone to trade

in the currency they want.

-Evercoin Vision-

Increase coin transaction on exchange

Valuation of Evercoins

Investable virtual currency

Rising value of Evercoin

Increase in the amount of

mined

Coin distribution network affiliation

and sales

Page 06

Proof of possibilitiesas safe assets

-No forgery, no tampering-Limited total currency

-Disclosure of transaction histories

Complement of volatility

Flexibility of anonymity

Securing safety

Enhanced Security

Securing the possibility as

a third-generation currency

-Business promotion strategy for Evercoin

[Strengthening Token Systems]

Evercoin block chain token systems has an application that allows the trading system to be implemented on

the network. The trading system has dollar / gold interlocked sub-currencies, stocks, smart assets (assets

controlled on Bitcoin block chain) coupons and a token system not normally associated with a traditional

monetary value etc.

[Strategies for securing potential base users through demonstration projects]

From the project period, we can expect the effect of securing potential customers (potential EVC community

participating customers) by conducting various community currency development through many demonstration

projects that are continuously carried out by sector.

[Global business infrastructure and synergy strategy]

In addition to being listed on the coin market in the global exchange network business, the global interna-

tional remittance business, the international block chain application technology business, and various merger

partnership businesses, it can be used as a key currency to secure large-scale actual demand through the

already secured global business infrastructure.

[Platform-based EVC ecosystem strategy]

The EVC Block Chain Platform will expand the opportunities for more people to participate in the EVC com-

munity by aggressively securing extra budgets for expanding ecosystems and finding and developing start ups.

Page 07

Flow chart for Evercoin Creation and Use

Create wallet on homepage

Mining of Evercoin

Exchange at exchange Save in wallet

Use like cash

Used for transactions

-Create Evercoin Personal Wallet

Currently there are many ways to make wallets for Bitcoin and other virtual money.

You can also use dozens of Bitcoin wallet generator websites, and there are countless Bitcoin wallet appli-

cations coming up when you search for Bitcoin wallet in the Google Play Store or App store.

However, these wallets are basically difficult for beginners to use. Once you create a wallet, you will be given

a public key, a secret key, and a QR code, and if you leave the browser without recording this information,

you will never be able to retrieve the information in the wallet.

In fact, most Bitcoin generation services are not ‘officially' run '. Most developers are uploading their own

Bitcoin wallet-generating websites or apps, so there is no customer service.

Therefore, it is absolutely the user's responsibility to lose information in the wallet.

On the other hand, 'Evercoin PC Personal Wallet' is aimed at 'easy wallet', which is easy to use without any

burden even if beginners forget the information on the web.

The wallet for Evercoin PC can be downloaded from besco.io site. It is the most important feature that you

can install it on your PC and store it on your PC or personal hardware without storing it on the exchange.

The wallet for Evercoin PC will be suitable for users who want to use

comfortable and simple services, users who want to send / receive

Evercoins without accessing the Trading Exchange site, and users who

want to keep their coin more secure and maximum assurance of anonymity.

When a coin is stored in a block chain or other exchange, the drawbacks

are : 1.The user must take responsibility for recording and managing

various information. 2.Once a password is lost, it is difficult to recover.

It is a personal wallet for Evercoin PC that was developed to make up for those shortcomings mentioned

above.

<에버코인 개인지갑 실행화면>

(EVC-WALLET)

1. Store and securely manage the Evercoin in your personal wallet

without storing it on the Exchange site.

2. Prevent loss of coin due to hacking of exchange site and web

server by storing in personal PC or personal store.

3. EVC transactions (coin send / receive) between individuals can

be conducted through the wallet without going through the exchange,

so transactions are not left on the exchange.

4. It is easier to operate than the exchanges, making it easier for

novice users to operate and manage.

Page 08

Page 09

Apply various payment systems

Various examples of the use of virtual money

Use like cash

Make payments

at the EVC merchant

like cash or convert

to cash at the exchange

Use as a payment

method when purchasing

products from EVC

affiliate shopping mall

Use as domestic and

overseas financial

investment and fund

creation investment

Use as game money

when using online

game & purchasing

game items.

Use bitcoin and other

virtual currency-related

information community

publishing

On/offline shopping Global Investment Game money Apply to media

[Virtual currency gale] Why did Japan accept virtual money as a means of payment?...Chosun Biz 2017.9

Some countries are taking steps to approve virtual currency. Typical examples are Germany and Japan.

Germany already recognized Bitcoin as a payment instrument in 2015, and the Japanese government also

recognized Bitcoin as an actual payment method last month. Some Japanese airlines have also allowed

to purchase airline tickets. Japan acknowledged Bit coin as a means of payment, which is analyzed as

a measure to boost economic vitality by using Bitcoin as a complementary material by enhancing the

convenience of foreign investors who are burdened with cash-based transactions. Professor Inho Korea

University said, "In Japan, where cash is preferred, it seems to be presented as a solution to the problem

that foreign tourists have to exchange all transactions with the yen which may be burdensome and may

shrink the deal."

View original article: http://biz.chosun.com/site/data/html_dir/2017/05/29/2017052902352.html?related_all

How is the virtual currency Bitcoin and its core technology, the block chain, used globally?

..... Newstown Economy 2016.12

In February 2016, the US Securities and Exchange Commission approved the online retailer Overstock’s

plan to use block-chain technology to issue securities without going through a stock exchange.

In the UK's Royal Mint announced that it would trade gold with a "block chain" based system. Looking at

the situation of the three countries in Korea, China, and Japan, three large banks in Japan, Mizuho Bank,

Mitsubishi UFJ Financial Bank and Mitsui Sumitomo Bank conducted a remittance test using virtual currency

technology. During the past quarter, China's three largest coin exchange trades accounted for 98% of

global trading volume.

View original article: http://www.newstown.co.kr/news/articleView.html?idxno=270336

Token Allocation Use of Proceeds

Token Sale

Reserve

Team, Advisors & Early contributors

Community group & Strategy Partners

Foundation

50%25%

30%

15%

15%

15%

15%

10%

10%

15%

Tech Company

Reserve

Marketing Expense

Biz Development

Strategy Partners

-Marketing Plan for Evercoin

-[Certified Direct Selling Strategy]

[Viral Marketing]

The most effective form of advertising is mouth-to-mouth. Among the various marketing advertising methods,

the most diffusive way is to communicate through people. Evercoin is building an EVC marketing system that

connects people with people. EVC's rewards include a viral marketing process designed to provide incentives

and buyers for financial traders, referring new buyers of coins. Buyer can earn commission and shopping

rewards points for all transactions in any EVC transaction, either individually or by anyone.

Buyers can share their EVC with their friends, acquaintances and family members and receive free commissions

and reward points.

[Certified Direct Selling Strategy]

The EVC business team and Evercoin partners are creating training and sales force to build buyer networks

around the world. Qualified direct sales representatives implement sales activities to build a network of large

unlimited buyers. It will earn a percentage of the marketing costs from all purchases. Beginning with major

cities in the country, including the development of sales force, it will be developed with the aim of entering

international markets worldwide.

Become a worldwide coin brand and enter the major exchanges to be listed.

Page 10

-Conclusion

-REFERENCE

Page 11

So far, we have explained the central value of the EVERCOIN project, and to this end, three major categories

of platforms are under development.

The first is the EVER-COIN (EVC) platform. The coin platform will serve as a kind of incubator that will generate

a lot of value and various usage system around the encrypted currency called EVC.

It will have more functions as a currency beyond the limitation of the use of the existing coins.

Second, the EVC Block chain platform will be developed as a system capable of creating a block-chain net

work that will be used by many enterprises and organizations. Rather than constructing a Bitcoin network with

increasing difficulty, it is on the process of implementing DBMS(Data Base Management System) that developers

with little development experience can use block-chain technology as an open-source platform.

Third, we will open the block chain network exchange for the successful settlement as an encrypted currency

in the future and the protection of customers' assets, so that we will configure the platform where anyone can

freely use the exchange and be recognized as a true safe asset.

In order to develop such a platform, we have extra budget and TF TEAM as a very important factor in building

projects and platform-based systems with experts in various fields.

Evercoin will take the lead in promoting block-chain technology and popularizing encrypted money, eliminating

unnecessary structures and inconvenient online trading systems, and spread explosively to the public.

The new craze will be our Evercoin and it will be established as a priceless digital currency on all online

occasions.

[1] https://en.wikipedia.org/wiki/Bitcoin

[2] https://en.wikipedia.org/wiki/Litecoin

[3] https://www.coindesk.com/intel-sawtooth-lake-distributed-ledger-proposal/

[4] https://bitcoin.org/ko/resources

[5] https://bitcoin.org/en/how-it-works

[6] https://en.wikipedia.org/wiki/Public-key_cryptography

[7] https://steemit.com/kr/@maa/3yjimv

[8] https://litecoin.com/#guide

[9] https://assets.korbit.co.kr/docs/Korbit-White_Paper-Block_Chain_Primer-1.pdf