white paper - torus.energy · white paper distributed energy platform based on smart contract ......

White Paper

Distributed energy platform based on smart contract

The content described in this document is for informational purposes only and Torus Project Team assumes no responsibility for any information, whether explicit or implied. The information contained in this document issubject to change without notice.

05-13-2019 ver.1.2.8

History and summary

In November 2008, Bitcoin was born by whitepaper "bitcoin a peer-to-peer electronic

cash system" announced by Nakamoto Satoshi. Since then, the blockchain technology has

attracted more attention and has contributed to the expansion of the entire FinTech

industry market including encryption currency. However, behind the birth of bitcoin, the

founder of these projects, and the cryptic currency, there are various reasons and

thoughts. Therefore, to understand the original Bitcoin based on technology and

thoughts, we understand it from not a mere speculative point of view, but, it is necessary

to have a deeper understanding of the financial history described below.

From barter, the first economic activity in mankind, human beings have created and used

the concept of money in the process of pursuit of the convenience of transactions.

Seashells and animal bones and stones as the ancestor of money gradually changed to

highly demanding items such as cloth, paper, grain, and livestock, that is, commodity

currency. It finally created metal coins such as currency by weight and coined money with

the evolution of the times and the development of technology.

However in the 16th century the development of letterpress printing technology

and papermaking technology resulted in a further transformation of money and

banknotes were born. However, behind the

birth of banknotes, there were many incidents happened. And through these incidents,

the foundation of capitalism that continues to the present age and a centralized financial

structure including partial reserve system were established.

Centralized monetary structure and capitalism contributed to the development of an

expanding economy, but on the contrary, they established a modern economic

structure that repeats inflation and bubbles, recession and booming. There were also

many disadvantages such as creating vested interests groups.

On the other hand, Friedrich Hayek 's theory of liberalization of money issuance, which

can be said to be the theoretical source of bitcoin caused a stir in such modern

economic structure.

TorusProject Whitepaper 2

Money issuance liberalization theory strongly criticized the monopolistic issuance system

and partial reserve system of money by the central bank and promoted sound economic

competition by recognizing the private and free currency issuance system by the private

sector.

Unlike existing legal currencies, bitcoin, born of this idea, is resistant to fraudulent,

such as double assignment, counterfeiting of

currency, and falsification of transaction history, as well as being non- centralized and has

attracted attention as a secure diversification type of system. Cryptography and computer

technology created a free and natural electronic money system. Such a bitcoin is

approved by many people all over the world and has expanded its market size to about

260 billion dollars as of January 8, 2018.

In addition, the philosophy of "realizing the world without fraud by technology" has

also influenced many engineers and business people including us, and has created

various other projects utilizing block chains.

Meanwhile, we wanted to independently analyze the authoritarian centralized structure

and vested interests problem in the world, and want to use blockchain technology to

solve energy problems.

Currently, it is often caused by the inability to fully utilize energy in poverty worldwide, so

if we can solve the energy problem, we can find a clue to solving poverty problems on a

global scale. However, in order to utilize actual energy, it is essential to build

infrastructure such as electricity transmission network and power generation facility, but

there is still a situation that infrastructure development is not done sufficiently in the

world yet. For example, we can see many situations that wind power generation cannot

be performed because there is no electricity transmission network even on a land that

can fully receive the wind.

In order to solve such a problem, we are going to divide our TorusProject into several

steps and execute it.


Definition

TorusNet: Name of Torus service and platform utilizing Ethereum Toruscoin

(TORUS): Unit name of token circulating in TorusNet

Marketplace

Trend of electricity consumption

Global electricity consumption has increased

almost consistently. By age, in the 1970s,

although there was temporary sluggish

consumption after the oil shock, it maintained

a high growth rate of 5.3% per year on

average. After that, although the growth rate

gradually declined to 3.6% in the 1980s and

2.5% in the 1990s, in the 2000s it has

maintained a steady growth of 3.1% on

average, and according to the forecast

released by the US Energy Information Bureau,

it will expand to 36.445 billion kWh in 2040.

According to the "Law concerning the use of

non-fossil energy sources and promotion of

effective use of fossil energy raw materials by

energy suppliers", the renewable energy

sources are "those that are deemed to be

permanently available as an energy source"

As the sunlight, wind power, hydropower,

geothermal, solar heat, heat in the

atmosphere and other naturally occurring

heat, and biomass are prescribed.

Bird's eye view of renewable energy and usage form

-5%

20 25%

1515%

10

5%5

0

1975 1980 1985 1990 1995 2000 2005 20102014

Russia and other E.Europe

North America

Africa

Oceania

Increase rate (right axis)

EuropeLatin America

Middle East

Asia

（Trillion kWh）

Electricity consumption per person (byregion) (2014)

14,00012,00010,000

8,0006,0004,0002,000

0

Solar power

Wind power

Hydraulic power

Geothermal power

Solar heat

Atmospheric heat

Biomass

Waste (non-fossil type)

Wave power / tidal power

· Solar power generation· Wind power generation· Hydro power generation· Geothermal power generation· Biomass power generation

· Solar thermal utilization· Biomass heat utilization· Utilization of atmospheric heat

· Biofuels· Biogas


Trends in world electricityconsumption (by region)

Po

wer u

seP

ow

er use

Po

wer u

se

Main renewable energy Main usage forms

Investment in natural energy in the world

As shown in the graph on the left, the degree of dependence of the energy import depends on

the country. Not only highly dependent countries, promotion of dissemination of renewable

energy for achieving a low-carbon society for relaxing global warming is a theme common to all

countries of the world. In 2016, US $ 241.6 billion worldwide was newly invested in natural

energy. The investment in new renewable energy generation facilities has almost doubled the

amount invested in fossil fuel power generation facilities for the fifth consecutive year. The

amount of electricity generated by renewable energy will grow at 2.9% per annum from 2012,

and in 2040 it will generate 29% of the total electricity generation and it is expected to be the

largest electricity source.

Forecast of world market size of renewable energy(cumulative investment amount in 2012-2035)

Source：IEA (World Energy Outlook 2012)

Expansion of renewable energy / energy saving market

With the progress of technological innovation

and the expansion of energy demand

worldwide, the market for renewable energy

and energy-related technologies is expanding.

Entry of different industries into energy-

related markets is also rapidly increasing.

Prediction of global market size of energy conservation investment

(including energy management)

Strategic market creation plan (road map)

100% 94%82% 75%

61% 90%

43%

40% 34%

90%

15% 13%

12%16%

-64%

- -84%

94% 97%

75% 69%

49% 35%

19%

58%

-77%

80%

60%

40%

20%

0%

-20%

-40%

-60%

-80%

-100%

（ 2014）

Unit: 1 trillion kilowatt hours Source: US Energy Information Administration

2012 2020 2025 2030 2035 2040

kW）35

30

25

20

15

10

5

0

40

（1 trillion

Generation amount of power supply type in the world

Oil fired power

Coal fired power

Nuclear power Natural gas power

Renewable energy

Storage battery

（trillion yen）

20

10

0

2014 2020

0

0.5

1

1.5

2014 2020

Fuel cell

（trillion yen）

2035

Source：IEA (World Energy Outlook 2012)※Exchange Rate: 1USD＝80 JPY

14 trillion yen 50 trillion yen

2014

Forecast of global market size of energy related equipment


Wind power (onshore /

offshore)

170 trillion yen

Solar power 101 trillion yen

Geothermal power 8 trillion yen

Hydro power 124 trillion yen

Degree of Import dependence of energy in major countries

Dependence on import (including nuclear power)

Dependence on import (excluding nuclear power)

Russia

Canada

BRAZIL

CH

INA

UN

ITED

STATES

IND

IA

UK

FR

AN

CE

GERM

AN

Y

ITALY

KO

REA

JAPAN

* The downward graph shows that it is exporting

* Exchange Rate: 1USD = 80 JPY

Situation of photovoltaic power generation

World: A total of 75 GW of photovoltaic power

generation is newly introduced, and the

cumulative installed capacity of the whole world

reaches 303 GW.

Japan: Approximately 8.6 GW of solar power

generation was newly introduced, and the

cumulative equipment capacity of the whole

country reached 42.8 GW.

China: The new introduction amount was 34.5 GW

(126% increase from 2015) and the cumulative

installed capacity increased by 45% to 77.4 GW,

which was a greatly larger scale than other countries.

Situation of wind power generation

World: A total of 55 GW of wind power

generation is newly introduced, and the

accumulated capacity of the whole world is

increased by 12% to 487 GW. Japan:

Approximately 0.2 GW of wind power

generation was newly introduced, pushing the

accumulated capacity in Asia to over 203 GW.

In over 24 countries, more than 5% of the

annual electricity demand was covered by

wind power generation. In the world as a

whole, wind power generation facilities with

capacity enough to cover 4% of electricity

consumption are introduced.

RENEWABLES 2017 GLOBAL STATUS REPORT

1.4 2.5 6.6 8 176 8 16 23 40 30

7029

99 38

40 51

75

0

100

200

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Annual introduction volume Capacity up to the previous year

(GW)

300

World photovoltaic power generation capacity

and yearly additional capacity (2006 - 2016)

137

228177

303

34.5

8.6 1.514.8

0.42 4.1 0.6 0.9 0.1

0

20

40

60

80

(GW)

100

Cumulative installed capacity of photovoltaic power generation

and newly introduced capacity (top 10 countries, 2016)

Introduction amount in 2016 Cumlative capacity up to2015


59 74

12194 39

159 197238

283 318

369

Cumulative facility capacity and annual introduction of

wind power generation worldwide (2006-2016)

432

15 2027

38

4145

3652

64

55

0

100

200

300

400

500

Cumulative introduction amount in the previous

fiscal year

Annual increment Worldwide Capacity

Ratio of wind power generation in electric power

generation

(countries with 10% or more and EU 28 countries,2016)

100%

80%

60%

40%

20%

0%

DEN

MARK

IRELAN

D

PO

RTU

GU

ESE

URU

GU

AY

CYPRU

S

SPAIN

GERM

AN

Y

RO

MAN

IA

SW

ED

EN

UK

LIT

HU

AN

IA

CO

STA

RIC

A

AU

STRIA



(GW)



Efforts and expansion in the introduction of renewable energy in Japan

Under the basic energy plan, we are promoting a trial to disseminate renewable energy aimed at achieving "safety," "stable supply," "economic efficiency," "environmental compliance" andimproving energy self-sufficiency. As one of them, the installation capacity of renewable energyhas increased rapidly due to the introduction of fixed price acquisition system (FIT) of electric power which began in 2012. Meanwhile, the purchase cost reached 2.7 trillion yen, and the standard household imposition burden reached 686 yen/month, so in 2017, to introduce morerenewable energy besides solar power generation and suppression of the public burden the amended FIT was enforced.

Power demand Power supply configuration

Liberalization of retail electricity sales has taken place since the year of 2000 with a phased approach. In 2016, the low-voltage powerservice, of which market size is about 8 trillion yen, was liberalized, and selling electricity to homes and retail stores became open to the newentrants.Although a number of various types of businesses and local governments entered to an electric power retailing business, a bunch of veryreal problems exist. For example, some of them already went bankrupt. It is needed to be connected to an existing power company to transmit electricity. Paying the imbalance rates,which is a price adjustment for stable supply, is a heavy burden. Moreover, reduction of power procurement cost and an adjustment of supply and demand are urgent matters. A business mustbe conducted under the regulations and specific conditions; thus, business operators cannot perform their business freely. Therefore, discovering new possibilities is the key

to success.

Power 966.6

Billion

kWh

Power 980.8

Billion

kWh

Thorough energy saving

about 1961 BillionkW/h

（ratio with before measures▲17％）

economic growth 1.7％/ Year

Energy saving ＋Renewable

energyAbout 40%

2013（ actual ）

2030 2030

Source: Ministry of Economy, Trade and Industry "Long-Term Energy Supply and Demand Outlook" July 2017

（ Total generated electric energy ）

About 1278Billion kWh

Energy conservation About 17%

Renewable energy About

19〜20%

Nuclear powerAbout 18〜

17%

LNG About 22%

Coal About 22%

PetroleumAbout 2% About 3%

Renewable energy About

22〜24%

Nuclearpower

About 22〜20%

LNG About 27%

Coal About 26%

Petroleum

Biomass About4.3〜4.6%

Wind force About1.7%

solar power About 7.0%

Hydraulic power About 8.8〜9.2%

（ Total generated electric energy ）

About 10,65 Billion kWh

Changes in levies after introduction of fixed price purchase system

Geothermal About 0.1〜1.1%

The thought behind this project

In order to realize the world Nicolas Tesla dreamed of in the past, we want to contribute to

solving world poverty problems by taking drastic measures in the existing energy industry. Then,

in order to understand the common thought of our community, we introduce the life of Nikola

Tesla below

Nikola Tesla, his personal history

On midnight July 18, 1856, Nikola Tesla was born

in the village Sumilian (English version) in the

Austrian Empire (west of Croatia) Rica- Coluba

province near Gos Pitch. Both his parents were

Serbs, father served Serbian Orthodox priests. He

had one brother and two sisters. It was said that

he often saw hallucinations since he was 5 years

old when he lost his older brother, Den, and he

exercised his studies very hard to try to exceed

his brother called as a wonder child smarter than

him especially in mathematics.

In 1880, he devised the principle of AC generator and AC motor while studying at Graz University

of Technology. In 1881 he dropped out of the school and got a job at the Budapest State

Telecommunications Bureau. After graduating from Prague University at the age of 23, he is said

to have worked for Edison Corporation, France corporation.

In 1882, he succeeded in developing induction motors.

In 1884, he moved to the United States and was adopted by Edison's Edison electric light

company. At that time we proposed an AC electric power project etc. in the company which

developed DC electric power business, but he lost a job in about a year in conflict with Edison.


In April 1887, Tesla independently established Tesla Electric Light Company (Tesla Light

Company), promoted the electric power business by exchanges independently, and received

patent of AC power supply in October the same year.

On May 16, 1888, he conducted a demonstration at the American Institute of Electrical Engineers

and was given a patent fee of US $ 1 million from George Westinghouse impressed by the demo.

The Tesla patented alternator was designed by The Westinghaus Electric, Benjamin G. Rum, and a

Three Phase AC 25 cycle was installed at Niagara Falls Edward Dean Adams Power Station. In the

same year he discovered the circulating magnetic field and developed an ultra-high frequency

generator, but he was isolated in the Westinghouse Technical Team and left the company in a

year.

In 1891, he invented a high voltage transformer that could output up to 1 million volts.

In 1893, he invented a wireless transmitter. Westinghouse established a power supply system of

the electric hall to supply electricity in the Chicago Expo site and showed superiority of

exchange. This is divided into two groups of 20 single phase 500 horsepower generators, each

rotor is shifted by 90 degrees to constitute a two-phase AC 12000 horsepower generator, and

the electric power generated by being driven by a steam engine is transformed by a transformer

After boosting and transmitting electricity, after stepping down with a transformer again, 1000

pieces of 16 candela lamp were turned on as well as drove the induction motor. Moreover, he

run a DC power train by installing a rotary inverter.

In 1898, he acquired a US patent for spark plugs, gained radio-controlled patents and

demonstrated a radio-controlled ship model at Madison Square Garden in New York.

In 1901, with the help of J · P · Morgan, he began construction of a 57 meters in height radio

transmission tower "Warden Cliff Tower" at Shoreham in Long Island. Although the tower was

completed in 1905, due to the deterioration of the relationship with Morgan, cash flow

deteriorated and the study was interrupted. When the United States entered World War I in

1917, the tower was removed because it could be a target.

In 1915, rumors ruled that Tesla, along with Edison, became a candidate of Nobel Prize for

Physics Prize, but they did not win. he was chosen as a candidate even in the 1930s, but he

did not win the prize.


In 1916, he was awarded the American Electrical Engineering Association Edison Medal.

Although he declined once, he reconsidered and received it in 1917.

Later year he suffered from a mental disorder.

In 1916, he was awarded the American Electrical Engineering Association Edison Medal.

Although he declined once, he reconsidered and received it in 1917.

Later year he suffered from a mental disorder.

On January 7, 1943, he dies at the New Yorker hotel in Manhattan. He was 86 years old. His

inventions and design drawings, which were said to be several tons of weight, were talked

about the story as "the US military and the FBI confiscated" and "they went to the hands of the

Soviet Union through Yugoslavia", but, in fact, after the confiscation by FBI they were

reproduced and returned to his home country. The originals were kept in the Nikola Tesla

Museum in Belgrade and were registered as a UNESCO Memorial Heritage Site in 2003.

As just described above, Nikola Tesla once contributed to the scientific growth of mankind by

various inventions, but it could not be accomplished to the last due to the background of the era

or relationship with the investor. However,

his radio transmission technology and utilization of radiant energy in space have the potential to

renew the existing energy industry. We also hope to solve the problems in mankind with

technology and contribute to the further growth of mankind, as mentioned above. There are

many comrades with the same thought who are scattered in various places in the world. We

would like to establish an information preservation system that does not have tampering in one

distributed network and promote this project with the advocates who have a common

philosophy.


Oppotunity

TorusProject provides various support and opportunities to people who can not obtain enough

energy and develop energy-related technology.

Total amount of token

The amount of Toruscoin issued is 100 billion TORUS. 70 billion TORUS is to be sold in

pre-sales. Among the remaining 30 billion TORUS, 20

billion TORUS is to be set as marketing funds, and 10 billion TORUS is

to be assigned to TorusProject Team. Since the total amount of tokens is pre-defined, the

price of 1 TORUS will raise in response to the increase of Toruscoin demands as the

overall market size increases. Unlike the existing global currencies, the amount of

Toruscoin is fixed, and it has a decentralized structure.Therefore, the value of Toruscoin

is

determined by demands according to market principle.

ICO

The initial distribution of Toruscoin is done in pre-sale format. Anyone can buy Toruscoin with

ETH. Holders of other types of crypto-currency like ETC or BTC must obtain ETH through the

existing service such as crypto-exchange. The pre-sales will start from March 16th, It took place

over 16 days until March 31, 2018, The pre-sales will end after it finishes distributing 70 billion

TORUS.Toruscoin per ETH that can be received by the

pre-sale will receive 350,000 TORUS. TORUS that were

not distributed will be locked up once and a new period

will be set and ICO will be performed at a later date. The

main role of the new ICO is to develop block chains and

security systems for further utilization and expansion in

the energy field. The minimum purchase amount is 0.01

ETH.

* Actual start time and end time conform to Ethereum block.

Toruscoin/ETH

500000

400000

300000

16days200000

1ETH: 350000TORUS

100000

Termination after distributing 70 billion TORUS

0

March 16(fri) March 31(sat) （day）


Torus Net

In this network called TorusNet, blockchain technology is adopted as information storage

medium in the energy-related academic papers. In addition here, it is said that a certain

anonymity is secured and it is not possible to perform unauthorized tampering, so it can be said

that it is a mechanism to resist smearing due to pressure or the like.

Blockchain Technology

Blockchain is one form of distributed ledger design that has no central administrator and

ensures reliability of transactions by combining advanced encryption technology and

distributed networking.

Reliability, which used to be secured by central administrator’s existence, became possible to

be formed by observation of individual nodes. This will enable the all the participants in the

network direct transactions without interposing a third party.

Blockchain in The Energy Sector

Blockchain applications in the energy-related fields are not yet available in the market today.

They are in conceptualization or prototyping stage. However, although it is in a different field,

blockchain technology in financial sector as typified by FinTech is already in the practical stage,

and the international investment to it, including the U.S. and China, has expanded to skyrocket.

Accumulation of experience and know-how obtained there and further research, development,

and application will turn application of blockchain technology to the energy field and formulation

of distributed energy supply system into reality. This allows the entire system in the energy

sector to reduce transaction costs to improve the efficiency of the transaction process. Not only

the customers who purchase the energy but also all the people involved will be able to enjoy the

benefits. This is to improve the use and increase the value of energy.


Blockchain in TorusProject

In the light of the possibility and the value of blockchain in the energy sector, we will actively

invest in the research and development of distributed energy transaction system, its supply

system to provide stable and smooth service, and the related fields.

In this distributed energy trading and supply system, people who consume energy can also be

energy producer. For example, prosumers not only consume energy but also produce energy by

solar power generation, small wind turbines, hydroelectric power, or CHP plant. At this moment,

blockchain technology in the energy sector enables to sell the energy generated by prosumers

directly to those in need of energy without traditional intermediaries.

We plan to take advantages of EV (electric vehicles) as movable power grid in TorusProject.

Popularization of EV requires charging station that can be used anytime anywhere and easy- to-

use payment system. For example, such system that AI (artificial intelligence) automatically

recognize and charge EV in need of energy with automatic charging fee collection function can be

provided by blockchain technology.

All transactions between consumers and producers through pear-to-pear network are based on

smart contract. This distributed blockchain system will prevent tampering of transactions in

addition to balancing the supply and demand of energy.

Moreover, by combining these blockchain technologies with smart devices, we will create

further versatile and high value-added energy platform to improve consumer and user

convenience and rate of utilization.


TorusProject Development and development support

The purpose of TorusProject is liberalization of energy.At the same time we will develop our own block chain technology based on Big Data, AI and IoT. Also, we will follow the several steps for development.

In the first stage, The utilization of electric vehicles(EV) that have a role as a moving power transmission network. The EVs are capable of storing a certain amount of electricity possibly eliminate excessive or insufficient electric power between the areas and make it possible to balance the electricity in a certain area.For example, if the fully electric power charged EV depart to the destination, the system detects the supply-demand balance and supplies electricity to other EV requiring electric power at the destination. This case shows It is possible to balance the power supply and on demand for electric power for EV as well.In developing countries such as South East Asia, Africa, Central and South America, a Power outage occurs frequently due to an unstable power supply. By changing the house use electricity supply source to the EV storing, which has a large amount of electricity, is possible to stabilize the electric power supply. It is possible to realize the stabilization of the standard of living and the prosperous living in the area.

To promote the effective utilization of the renewable energy in South East Asian we will co-develop Darrieus-type generators with the companies in Japan, Malaysia and China. And we will develop the electric grid platform that is connected with blockchain for those wind generators and will set up those generators in some South Asian countries such as Malaysia, Cambodia, or Bangladesh. Darrieus-type generators have a big advantage especially in the area where the wind speed is low because it can generate enough electricity from very low wind speed. Also, it’s very easy to increase the output power by stacking multiple generators.

After that, we will integrate the Torus coin trading system into the platform to enable Torus coin to use for the buy and sell the electricity between consumers and producers of the electricity.

The development and set up of Darrieus-type wind generators also have a by-product benefit. We think the generation of the electricity by the wind generator generation system in some South East Asian countries brings us the investment return that can support our development.

Moreover, we think we can return a part of such profit to our investors who support Torus coin.


Electricity supply / purchasepayment

Figure: EV as movable power grid.

Power generation

TorusProject Whitepaper

In the second stage, we will conduct R&D at the construction and practical application of infrastructure such as wireless charging etc. Sharing research results of academic papers,

which is issued by research institutes for realization of this project. By utilizing block chains, we construct a decentralized system platform that can utilize data that is highly confidential, safe, secure, and not tampered with.From now on, we will invest actively in developing

theme. Also, by setting up a platform for new companies (Such as Venture Companies) to do ICO, R & D and Business innovation is steadily born, and the platform on which grows the

business scheme more easily than ever before.

Power plant, Mega solar plant,Commercial facility, Convenience store, Private house …etc

Possible receiving Facility

Figure: power grid by wireless power transfer.

A transmission station

IoT

IoT

IoT

IoTIoT

IoTIoT

Chargeable at house B.

Chargeable at mall D.

In the third phase, research and development of next-generation energy equipment will be carried out. Many companies and research institutions worldwide have been trying to achieve the platform for the next-generation energy equipment and its supply system.We have TorusNet that utilizes the transaction management based on smart contract and Ethereum block chain technology. TorusNet enables us to carry out sustainable R&D on data stored in the distributed network. In this way, we will contribute to the realizzation of theplatform for generation, supply, and transaction system of distributed energy.

Electricity

Payment / fee

Data / blockchain

Residential user

WindPhotovoltaics

Industrial user

Energy company

Meter operator

Residential userIndustrial user

Conventional generation

Network and network operator

Bank Payment serviceprovider


Conventionalprocess Process of block chain based system

Transformation of market structures on introduction of decentralised transaction model

Co-development and release of Toruscoin authentication smartelectric outlet

TorusProject develops a smart outlet that can be connected to a block chain, and is planning to

ship it to the world and release it. This product can pay a part of charged sales to the user with

Torusccoin. Also, It is an authentication smartphone application that connects via Bluetooth, and

smart electric outlet can be used on the day of member registration procedure.

Toruscoin certified smart electrical outlet

Smart contract and smart electrical outlet P2P authentication by combination

Energy information/ ID notification

Signature for Smart ContractConfirm Smart Contract


Business scheme of P2P power trading using smart outlet

• Provide EV users with many charging opportunities (location and timing) and options(fee/time)

• Provide owners of EV charging facilities the rapid collection of funds by improving facility availability rate

• Provide the opportunity to trade directly to electric consumers and prosumers

Scheme of Smart Outlet

① The EV owner charges EV using the EV charging facility

EV charging facility holders EV Owner(individuals / small and

medium enterprises)

intermediary agent

✓ Disclosure of location of EV charge facility holder to EVowner by application

✓ Provide settlement processing utilizing blockchain

②Information on charging ③Calculate charging fee

amount is linked from based on charge amount smart outlet and price list selected bythe electric power supplier

Encryption of transaction data using Toruscoin

Power supplier Power customer

Mobile application overview

【 Search, selection, and use of charging spot

information】

Search available charging spots on the map and select and

use charging spots based on the price list. When charging is

completed, payment is made automatically and the

transaction history is recorded on the wallet.

【 Support optimization of charging and selling】 Based on

the power generation prediction function linked with the

weather forecast, it is possible to set the optimum charging

time and make a power sale plan utilizing AI.

【Toruscoin exclusive wallet function】

This function makes the purchase of Toruscoin for the

exchange electricity and viewing transaction

information easy.


④ Pay using blockchain from the mobile application

Utilization of ToruscoinIn utilizing the electric car which has the role of moving grid in the first stage, we are planning

to develop car sharing service adopting smart contract

in the world. Settlement at the time of using the electric car in this car sharing service is done

based on Ethereum's Smart Contract with Toruscoin and it can be automatically used at a given

place at any time. Since all

settlements made using Smart Contract will be made public, it prevents the project team's

illicit use of dictatorship of funds.

ICO with ToruscoinAlthough energy-related projects with the same thought as TorusProject can do by ICO with

Toruscoin, at the same time we will do a part of developments and support financing with the

utmost energy, and also through the community make an investment among a part of profits

and operating budgets of TorusProject.

Revenue in TorusProject

All revenues born in TorusProject are released, and distribution is made in the following format

every year.

Market activity

From now on, we will carry out various market activities to create Toruscoin demand.

And we will promote awareness by aggressive meet-ups and holding academic think

tanks. Also, in order to step up to the 2nd stage and the 3rd stage, such as funding

support for comrades' research projects that have the same idea, we are going to tie up

with various universities and companies around the world.

Revenue

ICO project using

100%


Roadmap

October 2017 ✔ TorusProject : Overview Draft Completed

January - February 2018 Toruscoin system development starts

January - February 2018 Prepare White Paper

February 2018 ✔ Composition of Consortium

February 2018 ✔ Toruscoin Issued company establish

February 2018 ✔ Web site release

February - March 2018 ✔ ICO

2018 2Q TorusProject Selection of investment destination

2018 3Q ✔

Start co-development of Toruscoin authenticationsmart electric outlet and development of the wind generators and the electricity grid of the renewable energy connected with a blockchain in some South East Asian country.

2021 2Q Release Toruscoin authentication smart eclectic outletconnected with the electric grid (South East Asian countries)

2021 – 2022 - Start Grid Trading Matching System Development

2023 -Demonstration in Grid Trading Matching System inspecific areas

2024 -R & D support for wireless grid transmission infrastructure construction

2025 -

Transverse expansion from Japan to overseas

R & D support for next generation power source device

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✔

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Notice

This document is for informational purposes only, and nothing in this document constitutes or

forms solicitation of any offer to sell any securities of TorusProject or its related companies. Such

solicitation is only conducted in accordance with the terms of the law. Any information or

analysis in this document do not constitute any investment advice or specific recommendations.

Therefore, this document does not constitute any investment advice or recommendations, or

solicitation to make investments. This document does not constitute any solicitation of selling or

buying securities. Also, this document is not submitted to or is registered at the regulatory

authorities, nor does it plan to be reviewed by regulatory authorities. TorusProjectTeam is not

liable for any kind of loss or damage arising from incorrect or inaccurate information in this

document, whether such losses or damages are suffered directly or indirectly or are immediate

or consequential. Furthermore, the information expressed in this document is subject to change

without notice.

Toruscoin is a crypto token used in TorusNet.

Toruscoin cannot be used to rule or to possess TorusNet.

Although Toruscoin is managed by the user, Toruscoin does not represent any rulership or

possession of TorusNet, nor does Toruscoin give its holder any right of making any forceful

modification on the system.

Matters Concerning The Limitations of Purchaser

• Toruscoin cannot be purchased by citizens or residents of such country or state where

buying Toruscoin or similar tokens is prohibited or may not be lawful (including but not

limited to China), or by anyone to whom such law is potentially applied.

• Purchase of Toruscoin shall be carried out only by individuals, business entities, or companies

who have extensive experience with software systems based on the token and blockchain as

well as knowledge regarding the usage and complexity of such system. Purchasers must

understand storage method and the function of the transmission mechanism regarding the

tokens including Toruscoin.

• Our company and its related parties are not liable for any kind of loss of Toruscoin by a

purchaser regardless of the reason.


• Toruscoin cannot be purchased when a purchaser does not have the required experience or

knowledge stated above. Toruscoin shall be purchased after careful consideration regarding

the risk and cost of the purchase and all the related disadvantages. If a purchaser does not

have the required experience or knowledge stated above, Toruscoin shall be purchased after

the purchaser becomes capable of understanding and accepting the risks and the items

written in the later section “Risks regarding Toruscoin Purchase” possibly by spontaneously

obtained professional advice.

• When our company considers that a purchaser violates the rep and warranty defined in the

later section “Rep and Warranty of Toruscoin Purchaser”, the purchaser shall not be able to

purchase Toruscoin.

Risks regarding Toruscoin Purchase

Purchase of Toruscoin involves serious risks. Before making any purchase of Toruscoin, you must

carefully consider the risks listed below. If any of them cannot be understood, please consult

with your lawyers, accountants, or tax accountants as necessary. Also, any purchase of Toruscoin

is carried out by purchaser’s intention of the definite purchase; thus, no purchase may be

refunded in any case.

(Risks in Blockchain Technology)

• Blockchain technology is subject to close examination by various regulatory authorities around

the world. TorusNet and Toruscoin may be affected by any regulatory inquiries or actions, or

the revision of the law that may limit or prevent TorusNet.

• Toruscoin and TorusNet is based on the Ethereum protocol. Therefore, malfunctioning,

unintended or unexpected feature of the Ethereum protocol may cause unintended or

unexpected behavior of Toruscoin or TorusNet. Ethereum protocol's original unit, Ether, may

lose value for the same reason when Toruscoin lose value. For more information about the

Ethereum protocol, please refer to the following URL: http://www.ethereum.org

• Purchaser's Toruscoin will be sent to ETH address. ETH address can only be accessed with the

credentials managed by a purchaser. Toruscoin may lost if a purchaser does not keep accurate

records of credentials, lose the credentials, and access to the ETH address. A purchaser needs

to securely store the credentials at more than one backup locations that are physically distant

from the workplace.


http://www.ethereum.org/

• Any third parties who have access to the user account information or the private key can

execute operations regarding Toruscoin. When the above information is known to any third

parties, there is a risk that may lead to loss of Toruscoin. Thus, to minimize the risk, a

purchaser must carry out security measures against unauthorized access to the electronic

devices.

(Risks of Value Fluctuation in Toruscoin)

• Similar to other tokens, the value of Toruscoin may fluctuate significantly, and various

reasons could also reduce the value.

• Our company will use our best efforts to the creation of TorusNet but cannot guarantee it. All

purchasers must understand the possibility that the value of Toruscoin is limited when its

platform is launched if the fluidity of Toruscoin is lower than own prediction or TorusNet is not

used/accepted sufficiently. Also, system error that could reduce the value to Toruscoin may

cause in TorusNet,

• Purchaser’s benefits and rights by holding Toruscoin, which is defined between our company

and purchaser at a purchase, depends on the development of our business. TorusProject is

currently in the planning stages, and significant changes on the contents will possibly be made

before the release. Any expectations regarding the format and feature of Toruscoin or

TorusNet possessed at the time of purchase may not be fulfilled at the time of release due to

various reasons including any changes on the development plan or the advancement or

TorusProject. Although our company will use our best efforts, the existence of the concessions

or rights, timing of seeing the benefits, and the contents of the benefits may be changed. Thus,

we cannot guarantee that purchasers can benefit in a way expected at the time of purchase.

• TorusNet and Toruscoin will not be used by any individuals, companies, or organizations that

are not associated with this project, attention to this project may be limited to those who

have interest in this. The lack of interest in other group of people may affect the development

of TorusProject and potential value of Toruscoin.


(Risks Caused by External Facts)

• Cyberterrorist and other kind of groups or organizations may interfere with the availability of

TorusNet or Toruscoin by various ways such as denial-of-service attacks, Sybil attacks, spoofing,

smurfing, malware attacks, attacks based on distributed consensus.

• Advancement in encryption or other technological advances including the development of

quantum computer may pose risks to cryptography and TorusProject, and it may cause theft or

loss of Toruscoin.

Users who hold a large amount of Toruscoin have an influence on majority part of voting and

decision-making in TorusNet. Therefore, there is a possibility that an influential user with

malicious intention conducting unauthorized operation on voting will hinder the correct

development of TorusProject.

(Other Risks)

• Unlike bank accounts or other accounts in other financial institutions, the funds held by

using TorusNet is not insured. In the event of loss or loss of value, there is no bailout by

public insurance like F.D.I.C or private insurance companies.

• TorusProject may become impracticable and dissolve for various reasons including but not

limited to adverse change of the value or Bitcoin, Ether, and Toruscoin, or inadequacy in

business relationships.

• Crypto token is a new technology. In addition to the risks described in this document, there are

risks that TorusProjectTeam cannot predict. If the risks are further actualized as a result of

unexpected combinations or changes, the value of Toruscoin may be affected.

Disclaimer of Warranty and Exemptions

• Our company sells Toruscoin on an “as-is” and “as-available” basis without any kind of

warranty. The seller explicitly disclaims all implied warranties about Toruscoin including but

not limited to marketability, compatibility to specific objective, origin of rights, and

noninfringement.

• Our company does not declare or guarantee that Toruscoin is reliable, up-to-date, fault- less,

and satisfiable to purchaser's expectations, and that any defects of Toruscoin will be fixed in

the future.


• Our company does not declare or guarantee that Toruscoin or its delivery system is not

affected by computer viruses or other harmful components.

• Our company does not carry out or does not intend to carry out any kind of declaration,

warranty, or promise including declaration, warranty, or promise about the authenticity,

accuracy, and integrity of the information provided in this document and our

website. Also, our company disclaims any execution of declaration or warranty of such.

• Our company does not guarantee that the information of approximated present value of

Toruscoin, the information provided by us, and everything that purchasers obtain through a

purchase of Toruscoin satisfy purchaser's specific purpose or possess expected functions,

commercial value, accuracy, usefulness, and integrity. Also, our company does not guarantee

that the purchase of Toruscoin complies with laws, regulations, or internal rules of the company

or industry organizations, and that there is no defect, and that any problems regarding

Toruscoin will be solved.

• Our company and its related parties are no liable for any damage that may be suffered by a

purchaser of Toruscoin regarding a purchase of Toruscoin. Furthermore, due to the application

of Consumer Contract Act and other reasons, in any event where our company or its related

parties assume responsibility for loss notwithstanding this rule or other disclaimers of our

company and its related parties, the scope of liability of our company or its related parties shall

be limited to ordinary losses directly and actually caused due to reasons attributable to our

company or its related parties. And, the maximum liability of our company or its related

parties shall in such an event be limited to the total amount the purchase price of Toruscoin

paid by the purchaser.

• A purchaser is responsible to what kind of taxations (including consumption tax, sales tax, use

tax, and VAT) will be applied regarding a purchase of Toruscoin. Also, it is purchaser's

responsibility to collect, report, and pay the appropriate amount of tax. Our company is not

liable for withholding, collection, reporting, and payment of tax on a purchase of Toruscoin.


Rep and Warranty of Toruscoin Purchaser

Before purchasing Toruscoin, a purchaser declares and ensures the following items to our

company.

➢ A purchaser must not fail under any purchase limitations defined in “Matters Concerning The

Limitations of Purchaser” and must possess rights and complete capability to make a legal

purchase of Toruscoin.

➢ A purchaser must fully understand the risks and disadvantages of Toruscoin purchase

including “Risks regarding Toruscoin Purchase” and must accept the responsibility to decide

Toruscoin purchase is appropriate or not before making any purchase.

➢ A purchaser makes a purchase of Toruscoin for the purchaser’s own purpose but not on

behalf of any third parties.

➢ A purchaser must spontaneously confirm, agree, and recognize that Toruscoin is not any

form of securities in jurisdictions of the purchaser.

➢ A purchaser must agree and recognize that sales promotion of Toruscoin by our company does

not intend to be any solicitation of offering of or investment to securities in the purchaser’s

region.

➢ When Toruscoin purchase is not prohibited or restricted by any law or regulations of the

purchaser’s region, or when a purchase or possessionof Toruscoin is regulated, a purchaser

must comply with such regulations at own expense without placing any responsibility on our

company or its related parties.

➢ A purchaser must agree and recognize that Toruscoin shall be classified as and be treated as

neither of the following items at the time of a purchase.

• Cryptocurrency defined in paragraph 5, article 2 of Payment Services Act• Legal tender or deemed currency specified by Japan or other countries• Corporate bond issued by our company or its related parties• Authority to control stocks issued by our company or its related parties• Such corporate bonds, stocks or stock-related rights, options or derivatives• Rights based on CFD trading contract or other contracts of which objective or

stated objective is to secure profit or avoid loss• Interests in collective investment schemes• Interests in business trust• Derivative or interests in business trust, securities, or any other type of securities


➢ A purchaser must understand fully about cryptocurrency, software systems based on

blockchain technology, cryptocurrency wallet or other related token storage mechanisms, and

other important qualities regarding operation, function, usage, storage, transmission, and

other mechanisms of blockchain technology and smart contract technology.

➢ A purchaser must fully recognize and understand that there are risks associated with our

company and its business operations.

➢ Regarding any kind of losses including but not limited to indirect loss, extraordinary loss,

unexpected loss, secondary loss, and any other losses (including loss of returns, revenue, or

profits, loss of use, and loss of data) attributed to or related to Toruscoin purchase made by a

purchaser, a purchaser must agree and recognize that our company and its related parties are

not liable to such losses regardless of whether it is illegal or based on contract or one of the

others.

➢ A purchaser shall not use Toruscoin in any illegal activities including money laundering and

funding to terrorists.

➢ Our company and its related parties are not liable to, regardless of reason, any losses on a

purchaser regarding the risks and disadvantages of Toruscoin purchase explained to a purchaser

including the items in the above “Rep and Warranty of Toruscoin Purchaser”; a purchaser shall

discharge our company and its related parties from liability regarding such matters.


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