whitepaper

Version：V1.0

Updated Until：10/01/2019

Unit：Cloud Token Pte Ltd

目录

Executive Summary.............................................................................................................. 4

Background.............................................................................................................................7

Digital Asset Opportunities and Challenges......................................................... 7

History of Blockchain................................................................................................... 8

Blockchain 1.0 —— Bitcoin................................................................................ 8

Blockchain 2.0 —— Smart Contract................................................................ 9

Blockchain 3.0 —— Tokenomics.....................................................................10

Vision and Mission..................................................................................................... 13

Introduction..........................................................................................................................16

Cloud Token Ecosystem............................................................................................ 17

Artificial Intelligence.................................................................................................. 17

Digital Asset Management Platform.............................................................18

Consumption mining payment ecosystem..................................................20

Atomic Swap........................................................................................................ 21

OTC......................................................................................................................... 21

E-commerce......................................................................................................... 22

Cloud Token Technical Whitepaper............................................................................... 24

Multiple encryption secure storage technology................................................24

Cutting edge high-frequency quantitative hedging strategy........................25

Cloud Token JARVIS Expert Advisors Futures Option Arbitrage System27

Cloud Token Design................................................................................................... 27

Multi-chain Supported Wallet.........................................................................30

Cross-chain consensus protocol.....................................................................30

Atomic Swap........................................................................................................ 32

Technical Architecture............................................................................................... 33

Overview............................................................................................................... 33

CTO open source agreement.......................................................................... 34

Asymmetric encryption algorithm.................................................................36

Consensus.............................................................................................................36

Four essential elements............................................................................................ 37

FSDLT — File System Distributed Ledger Technology..............................38

mDHT — Mainline Distributed Hash Table................................................. 40

SHOUT — Simple Heuristic ObjeCTO UDP Transfer................................42

SWARM Storage..................................................................................................43

Cloud Token Founding Team Members........................................................................45

Management Team.................................................................................................... 45

Advisor Team................................................................................................................47

Leading Investors........................................................................................................49

Roadmap............................................................................................................................... 52

Token Generation Event ( TGE )...................................................................................... 53

Token Overview...........................................................................................................53

Allocation of Fund...................................................................................................... 54

Cloud Token Foundation.................................................................................................. 57

Introduction..................................................................................................................57

Cloud Token Foundation Principle.........................................................................57

Cloud Token Foundation Goals...............................................................................58

Management goal.............................................................................................. 58

Research objectives............................................................................................59

Development goal..............................................................................................59

Claims and Risks................................................................................................................. 60

Executive Summary

Cloud Token is the world's first social wealth wallet to integrate all blockchain

cryptographic assets into one platform. It is developed using the latest 4.0

blockchain platform technology, capable of performing cross-chain encryption

exchange; payment; from the famous encryption market AI arbitrage engine

for manufacturers, e-commerce and other products. Our goal is to provide our

members with a focused social wealth generation ecosystem and become the

de facto standard token for the blockchain industry.

In 2018, with the east wind of blockchain technology, digital assets rose. The

rise of an industry has also emerged a large number of demand opportunities,

such as providing a safe, simple and efficient storage environment for digital

assets, digital asset management services, digital asset exchange, transactions,

and digital asset payment settlement system construction. Digital assets are

constantly being accepted by the public. In the face of ever-increasing

demands, Cloud Token continues to iteratively update its technology and

services after experiencing the wave of digital assets in the 1.0 and 2.0 eras, and

will officially unveil the prelude of the digital asset 3.0 era.

Cloud Token uses the wallet as an entry point to provide a secure storage

environment for digital assets and a one-stop multi-currency management

service. Where there are funds, it will inevitably lead to the demand for financial

management. Cloud Token provides digital asset management services to

bring users daily steady income, and carefully arranged, Cloud Token becomes

a powerful digital asset comprehensive service platform.

The digital economy will eventually serve the physical industry, and Cloud

Token is already laying the groundwork for a big trend – the arrival of the

general economy. Platform CTO will be used as a pass-through for Cloud Token

platform, so that it can connect online and offline, and combine merchants

from all walks of life to realize consumption is mining. The more you consume,

the more money you have. The more you pay, the more profitable you will not

only help the tradition. The transformation and upgrading of the industry has

further swayed the leverage of the real economy, accelerated circulation, and

promoted the blood circulation of the real economy.

Cloud Token, a digital asset comprehensive service platform that integrates

digital asset one-stop storage management, wealth management and

consumption mining payment ecology, will continue to develop deeply,

leveraging blockchain technology to serve the entire field of human life.

Background

Digital Asset Opportunities and Challenges

Throughout the history of the evolution of human currency, from the exchange

of objects to the exchange of shells, metals, and banknotes, and due to the

development of market trade, electronic money with bank cards as carriers has

emerged. With the advent of the Internet and the development of e-commerce,

payment methods such as PayPal, Alipay and WeChat have emerged. When

people are still immersed in the convenient enjoyment of online payment, the

birth of blockchain technology has once again broken this silence. Digital

assets have arrived.

From the history of the evolution of money, we clearly see that in order to cope

with the ever-increasing volume of transactions, our payment methods are

constantly breaking the limits of time and space, and human needs are endless.

Digitalization has become An inevitable trend.

Just as e-money has made services such as banks and Alipay, the rise of digital

assets has also brought a lot of development opportunities, such as providing

safe, simple and efficient storage environment for digital assets, digital asset

management services, digital asset exchange, In the transaction, the

construction of digital asset payment and settlement system, etc., the digital

asset industry urgently needs to build a strong infrastructure.

However, at present, digital assets still face related problems such as storage

security, operational complexity, high handling fees, narrow asset appreciation

and wealth management channels, etc. The market vacancies in the digital

asset industry are both challenges and opportunities.

History of Blockchain

Blockchain 1.0 —— Bitcoin

The concept of Bitcoin was originally proposed by Nakamoto in 2009. It is an

open source software designed and distributed according to Nakamoto's ideas

and a P2P network built on it. Point-to-point transmission means a

decentralized payment system.

With Satoshi Nakamoto mining the first batch of bitcoin, marking the arrival of

the blockchain 1.0 era, the digital currency represented by Bitcoin and Litecoin

was given the function of currency, and the first time the digital currency was

connected with the real thing. Get up and make digital currency a truly valuable

currency. Blockchain 1.0 is mainly composed of digital currency and payment

behavior. It mainly has the function of decentralized digital currency and

payment platform, and the goal is to decentralize.

Blockchain represented by bitcoin 1.0 What are the drawbacks and

inadequacies? The block size of Bitcoin 1M has led to slower and faster transfer

times as transactions become more frequent and people are increasingly

demanding. this problem

Can be solved by expansion, so there is a bitcoin cash afterwards. The

transaction and payment functions that only satisfy the digital currency make

the application not widely available in life, and the benefits to daily life are very

limited, but also give technical iterations an opportunity.

Blockchain 2.0 —— Smart Contract

Blockchain 2.0 is the development and application of smart contracts

represented by Ethereum and Ripple. The smart contracts can be automated

and simple transactions for the financial industry. The smart contracts are

efficient and transparent, which makes the financial industry new. The change

can be said that Ethereum has set off a wave of blockchain 2.0. In the 2.0 era

represented by Ethereum, a number of blockchain applications beyond

currency were derived through the addition of smart contract technology. That

is, Ethereum has established a programmable, Turing-complete blockchain.

Simply put, it is to allow anyone to build and run decentralized applications

through blockchain technology. The smart contract technology of the 2.0 era is

more convenient and intelligent in the real life of users.

At this stage, due to the limitations of the scale of participation and the field to

which the application belongs, the elements of the blockchain 2.0 era have the

following characteristics: mainly focusing on specific objects (such as the

parties to the contract), and the transactions are mainly based on specific

assets (such as real estate, knowledge). Ownership or other rights and interests

of property rights, automobiles, etc., and the scope of transactions are

relatively limited, low-frequency, and narrow.

Blockchain 3.0 —— Tokenomics

Token / Coin

The digital economy will eventually serve the real industry. In the blockchain 3.0

era, the Token appears. The “pass-through economy” is a change in the

production relationship brought about by the development of productivity. The

blockchain technology has moved from the financial sector to the real

economy. , began to land applications.

One of the core values of the blockchain is the token. The certificate is a

voucher of value. The certificate economy is the value carrier of the value of the

Internet. It has various types such as currency, application, and equity. In the

economic system of the certificate, the greater the contribution, the more

evidence is obtained; the better the cooperation, the higher the intrinsic value

of the certificate, and the means of economic incentives to make the entire

ecosystem

Everyone and every role spontaneously participates in collaboration and

participates in maintenance spontaneously. As an incentive medium for

large-scale group collaboration,

It can greatly mobilize the enthusiasm and creativity of community participants,

fully stimulate the vitality of the economy, and greatly promote economic

growth.

The arrival of STO

STO, namely Security Token Offering, is issued by the Securities Pass. A security

is a valuable document of property rights, and the holder can prove the proof

of private ownership such as ownership or claims based on the certificate. STO

refers to the tokenization of existing traditional assets, such as equity and

creditor rights, as a collateral. It becomes a securitization certificate after being

chained, and must be applied to federal securities law supervision. In terms of

nature, the subject of securities certification is equity, creditor's rights, warrants,

and so on. From the final object form, the subject of securities certification is

real estate ownership, real estate investment funds, gold, carbon credits, oil, art

works, music copyrights, etc. Based on actual assets, STO actively embraces

government regulation.

STO Advantage

1. Intrinsic value: STO has real assets or income as value support, such as

company shares, profits, real estate, etc.

2. Automated compliance and rapid clearing: STO is approved and licensed by

the regulatory body to automate the KYC/AML mechanism and achieve

instantaneous liquidation.

3. Ownership division smaller unit: Accelerate the division of asset ownership

and reduce the entry barriers for high-risk investment products, such as real

estate and high-end art.

4. Democratization of venture capital: Expand the way to raise funds.

5. Asset interoperability: The standardization agreement of assets will facilitate

the interoperability between different quality assets and different legal

currencies.

6. Increase liquidity and market depth: invest in less liquid assets through STO

without worrying about redemption. market

Depth will also increase through the following channels: (1) The rise in the price

of digital assets has created billions of dollars in incremental wealth that will be

marketed. (2) Programmatic market makers like Bancor have improved the

liquidity of the long tail STO. (3) The asset interoperability agreement will

promote the circulation of transnational assets.

7. Reduce regulatory risk and strengthen due diligence. Applicable to

regulatory exemptions, writing national KYC and AML regulations into smart

contracts, and is expected to achieve automatic programmable compliance.

8. STO is expected to reduce the cost of circulation of assets. Reduce

transactional frictions in the process, such as using automated contracts to

achieve automated compliance and fund collection, chaining contract and

accounting reports, increasing asset separability, achieving T+0 clearing,

settlement, and more.

9. It is regulated by the Securities Law SEC and is legally safe and safer.

10. 24-hour trading.

STO can create faster, more cost-effective financial instruments. Compared to

traditional fundraising methods, STO saves costs in terms of legitimacy,

compliance, administration, management, and time. And for STO, the

blockchain promotes the blockchain.

The transition from virtual to real, with real underlying asset support, will make

the valuation logic clearer.

Vision and Mission

Cloud Token's mission is to build the strongest and strongest infrastructure in

the digital asset industry, providing the highest quality, safe, convenient and

efficient services for digital asset enthusiasts, popularizing the application of

blockchain technology in all walks of life, and opening up blockchain life.

Leading the way in the new era.

Cloud Token uses a wallet as an entry point to provide a secure storage

environment for digital assets, one-stop multi-currency management services,

and robust digital asset management benefits. However, the digital economy

will eventually serve the physical industry, and Cloud Token will launch the

platform-passenger CTO, paving the way for the next trend, the arrival of the

general economy.

Cloud Token will build a strong e-commerce ecosystem and build a

decentralized business ecosystem. By opening up the value of digital assets

and physical business, we can connect all walks of life, and use CTO as a

platform for accessibility. It has the function of consumer flash payment, open,

transparent and decentralized. As the payment and circulation medium for

high-frequency quantitative hedging transactions, brick revenues, rewards,

handling fees and online and offline industry chains, CTO is the perfect

combination of powerful offline experience services and efficient blockchain

internet finance. It will build a bridge between digital currency and legal tender,

build a global digital clearing settlement network system, and build a global

consumption mining payment ecosystem.

Using platform-based CTO as an incentive mechanism to stimulate consumer

enthusiasm and creativity, stimulate domestic demand, promote economic

growth, and provide more efficient and valuable smart services to users and

merchants, and help the economics of the general public.

The transformation and upgrading of the physical industry will eventually

enable the digital economy to serve the physical industry and promote the

blood circulation of the real economy.

Introduction

Cloud Token is a digital asset comprehensive service platform that integrates

digital asset one-stop secure storage management services, digital asset

intelligent wealth management and consumption mining payment ecology. As

a comprehensive digital asset service platform, Cloud Token aims to provide an

environment for secure storage of digital assets for thousands of currency

friends, and to stimulate digital asset leverage with zero risk, bringing stable

benefits to CTO. After the blockchain 1.0 and 2.0 era, the blockchain will enter

the 3.0 era, that is, the era of the pass-through economy, the digital economy

will eventually serve the physical industry, Cloud Token through the layout of

the digital asset comprehensive service platform, to the platform through the

CTO As a payment circulation medium, it lays a strong foundation for the arrival

of the general economic.

Cloud Token Ecosystem

As a comprehensive service platform for digital assets, Cloud Token consists of

three functional sections: Cloud Token Intelligent Finance, Consumer Mining

and Pass-Ten Economy Payment Ecosystem.

Artificial Intelligence

Cloud Token Smart Mobile Wallet can store different underlying technologies

such as BTC, ETH, DOGE, XRP, LTC, EOS, etc., to achieve one-stop storage

management multi-currency. Simple and easy to operate, hundreds of

compression tests, powerful anti-theft technology to maximize the security of

digital assets.

Digital Asset Management Platform

Cloud Token belongs to the new generation digital asset wallet. It is different

from the wallet 1.0 and 2.0 era. One of the highlights is the establishment of the

Cloud Token JARVIS intelligent trading system under the premise of ensuring

the security of the user's wallet. The Cloud Token JARVIS intelligent trading

system assets are managed by the hedge fund investment bank. Operation,

and jointly create a coin-saving function for investors to deposit coins, and

realize intelligent and secure financial management in the wallet. Through the

automated intelligent hedge fund system to issue a one-click quantitative gift

service to the investment community, Cloud Token's biggest profit point is the

risk-free arbitrage spread, using the Cloud Token JARVIS intelligent trading

system intelligent system to automatically realize real-time multi-transaction

platform. The brick-and-mortar transaction and the global real-time

high-frequency hedging transaction obtain the spread income, realize the

monthly stable income and reward most of the proceeds to the participants in

the form of coupons.

The Cloud Token-Cloud Token JARVIS Expert Advisor uses high frequency

quantitative hedging transactions. Hedging is a way to profit from investment

while reducing business risk, a risk-free arbitrage strategy. Hedging

transactions have their own natural anti-risk nature. The only risk is the loss of

handling fees. However, as long as the digital assets are volatile and active,

both the ups and downs will earn the instantaneous spread of spot and futures.

And the quantitative trading enabled by the Cloud Token JARVIS intelligent

trading system replaces the artificial subjective judgment with advanced

mathematical models, and uses computer technology to select a variety of

“high probability” events that can bring excess returns from the vast

historical data to formulate strategies. Maximize risk reduction and achieve

stable returns. By depositing digital assets into the Cloud Token smart mobile

wallet and opening the Cloud Token JARVIS intelligent trading system function,

you can purchase a mining machine for free. The Cloud Token JARVIS

intelligent trading system intelligent trading robot will track and capture big

data and high efficiency in all trading platforms in real time. Market analysis,

real-time intelligent arbitrage trading, the participation of the whole people in

dividends.

Cloud Token Smart Mobile Wallet comes with hematopoietic function, zero risk

maximization and digital asset leverage. Currently, it only deals with the global

mainstream digital currency, not for securities and futures. The principle of

trading is born out of stock index futures and commodity futures. The R&D

team lasted for more than a year. Based on the absorption of traditional

high-frequency trading, it was developed based on the trading characteristics

of digital currency. It is now the world's most advanced and most in line with

the currency trading habits. system.

Consumption mining payment ecosystem

The consumption mining payment ecology is a distributed application that is

extended on the basis of the wallet system. The construction is based on the

Cloud Token storage, transfer, payment, and wealth management functions.

The fast and convenient flash payment function is used to support online and

offline payment. Settlement, cross-system settlement, and cross-regional

settlement provide users with the latest consumer payment eco-environment

in the digital asset era. What is even more pleasant is that while purchasing,

you can also get the most original “mining” income of the blockchain and

return the profits of the consumer to the user. The more you consume, the

more money you have, and the more you pay, the more profitable.

Atomic Swap

Crypto-to-Crypto exchange, which is between different digital currencies, relies

on real-time ratio redemption. To a certain extent, users can trade digital assets

or realize digital assets more quickly and easily, without wasting time to travel

through different exchange platforms for complex pending order. All digital

assets of Cloud Token DAPP, such as Bitcoin (BTC), Ethereum (ETH) and other

digital currencies supported, can be seamlessly exchanged with CTO.

New support for digital assets has been added.

OTC

The over-the-counter (OTC) method is also called the over-the-counter

transaction. It refers to the transaction conducted by the market trading entity

on the basis of bilateral credit, through independent bilateral inquiry and

bilateral clearing. Instead of trading within the trading platform, the transaction

is concluded privately at a price above or below the trading platform price or

with other conditions.

E-commerce

Through the opening of the mall system, users can enjoy the digital experience

of online consumption at Cloud Token Mall with CTO. Buy everyday items,

books, clothing, shoes, hats, toys, software, records, home appliances, and

other home delivery platforms.

A wallet that uses artificial intelligence to help you keep your assets, but at the

same time is a platform for your daily life experience and supplies. XBLCOK will

not be just a super wallet so simple!

Token Value

Cloud Token will build a mall e-commerce ecosystem and build a decentralized

business ecosystem. By opening up the value of digital assets and physical

business, platform X-ray CTO is used as a platform for accessibility, open,

transparent, decentralized, and will build a global digital clearing settlement

network, which will have a strong offline experience. The perfect combination

of efficient service and blockchain internet finance, with platform-based CTO as

an incentive mechanism to stimulate user spending and promotion enthusiasm,

stimulate domestic demand, promote economic growth, and provide more

efficient and valuable for users and merchants. Smart services to transform the

blockchain of business services.

CTO Pass/Token is a medium for the Cloud Token platform to pass the economy,

allowing more people to participate in an economic model in the blockchain

ecological construction. It involves hundreds of industries including beauty

industry, communication industry, health industry, business travel industry,

clothing industry, real estate industry, entertainment and leisure industry,

electric commerce industry, automobile industry and catering industry. The

development of CTO-certified economy allows more people to participate in

the construction of Baixing, achieving industry development, cross-border

applications, cross-system applications, and cross-regional application

development goals.

Cloud Token Technical Whitepaper

Multiple encryption secure storage technology

Cloud Token encrypts the hot wallet, separates the hot and cold end, and stores

multiple cold wallets in multiple places to form a multi-center multi-center

cryptographic signature scheme. At the same time, multiple signals such as

P2SH and financial privacy BIP32 are used for all data. The information is

transmitted encrypted. In addition, Cloud Token also uniquely creates multiple

signature algorithms such as rate limiting, address whitelisting, webhooks, etc.,

and combines with the financial process system and the approval authorization

system to not only ensure the security of digital assets in all aspects, but also

make the entire coin-coin process more efficient. Convenient.

The funds in the Cloud Token wallet are isolated, divided into the user's wallet,

the quantitative wallet, the commission money package, the isolation

management, the human risk control and the automated risk management to

maximize the investment risk. Cloud Token is a multi-currency decentralized

wallet with SHA512-ZERO encryption technology and a separate private key +

dynamic verification code to ensure data security for the Cloud Token network.

Since the successful development of Cloud Token, it has been brewing for four

or five months, and has undergone hundreds of anti-theft anti-theft tests to

maximize the security of users' funds.

Cutting edge high-frequency quantitative

hedging strategy

Cloud Token wealth management products are jointly created by top financial

institutions, asset management teams and senior cryptocurrency experts from

around the world. By depositing digital assets into the Cloud Token smart

mobile wallet and opening the Cloud Token JARVIS intelligent trading system

function, you are free to purchase a profitable machine. The Cloud Token

JARVIS intelligent trading system intelligent trading robot will track and

capture big data and high efficiency in all trading platforms in real time. Market

analysis, real-time intelligent arbitrage trading, the participation of the whole

people in dividends.

The Cloud Token JARVIS intelligent trading system uses high-frequency

hedging transactions. Hedging is a risk-free arbitrage strategy that can still

profit from investment while reducing business risks. Hedging transactions

have their own natural anti-risk nature. The only risk is the loss of handling fees.

However, as long as the digital assets are volatile and active, both the ups and

downs will earn the instantaneous spread of spot and futures. And the

quantitative trading enabled by the Cloud Token JARVIS intelligent trading

system replaces the artificial subjective judgment with advanced mathematical

models, and uses computer technology to select a variety of “high probability”

events that can bring excess returns from the vast historical data to formulate

strategies. Maximize risk reduction, achieve stable income, and truly achieve

zero risk maximization to incite asset leverage.

Cloud Token JARVIS Intelligent Trading System Intelligent Arbitrage Working

Principle

Cloud Token JARVIS Intelligent Trading System The intelligent arbitrage system

is the world's highest level of intelligent arbitrage system.

Cloud Token JARVIS Intelligent Trading System Moving brick arbitrage system:

The price of the same currency is different in all trading platforms around the

world. In the past, the manual transfer of bricks into the current Cloud Token

JARVIS intelligent trading system machine automatically moved bricks, bought

from a trading platform at a low price, and another trading platform sold at a

high price. Take the difference, this is called arbitrage. Cloud Token JARVIS

intelligent trading system intelligent arbitrage system automatically recognizes

the volume, activity and spread of the world's major trading platforms. It will

buy at a low price in the first time and sell at a high price in a few tenths of a

second. 24 hours automatic brick arbitrage, stable income, safe and reliable,

one day volatility can get up to 10% of the daily arbitrage gains.

Cloud Token JARVIS Expert Advisors Futures

Option Arbitrage System

Futures option arbitrage means: according to the band trend of BTC, ETH and

other currencies, the leverage is 10 times to 100 times, and the two-way

transaction can make profits regardless of the ups and downs. According to the

global BTC, ETH transaction data, K-line pattern and other related indicators to

judge the decline or rising trend, so as to place orders in the BTC, ETH option

futures market, grab the band revenue, due to

With 10 to 100 times leverage, the benefits far exceed the spot trading market,

which is between 10 and 100 times.

All arbitrage systems have an accuracy rate of 99.9% and the error is almost

zero. The system writes the proceeds into the program and automatically

enters the Cloud Token JARVIS intelligent trading system to generate dividends

and promote rewards. The platform is validated by CTO as the central medium.

Cloud Token Design

To meet the needs of users and developers, Cloud Token will be designed as a

high-performance underlying operating system with multi-asset cross-chain

protocols and smart contracts with Turing completeness. The overall structure

is shown below:

1. With Cloud Token's self-designed multi-chain chain wallet, users can import

the wallet where the extra-chain assets are ready to be replenished (proven

asset ownership). The import process will be completely decentralized. The

user private key is in the process. Will not be recorded.

2. Recharge the corresponding multi-signature managed wallet via the

imported BTC, ETH or other supported wallet.

3. The supernode on Cloud Token will listen to the refill transaction via a

cross-chain protocol and invoke the mapped asset contract.

4. After the contract is successfully executed and irreversible, the mapped asset

contract will transfer the corresponding mapped asset to the user's Cloud.

Token in the wallet.

5. Users can use these mapped assets to invest in different types of projects

using Cloud Token-based DAPP.

6. When the usage is over, the user can recharge the mapped assets back to the

mapped asset account to obtain the outbound asset withdrawal rights.

7. When the permission is met, the proof node will initiate a proposal for the

currency transaction. When more than 2/3 of the cross-chain nodes are signed,

the chain foreign investment will return the address of the user's coin.

Cross-chain protocol plugin

When designing cross-chain agreements, transaction settlement is affected by

differences in underlying performance and time of release. For example, it

takes nearly an hour for BTC to get confirmation for six blocks. If users directly

use DAPP based on BTC, their efficiency will lag behind the efficiency of DAPP

based on EOS (EOS has a block time of 0.5 seconds).

This is unacceptable to developers and users, so we introduced a

multi-signature managed wallet mechanism that helps users lock out-of-chain

assets through a cross-chain plugin and issue the same amount of mapped

assets for the Cloud Token wallet during the lockout period ( Such as DBTC,

DETH), Cloud Token-based mapping assets, users will use DAPP on the chain

more conveniently, quickly and fairly.

DAPP developers can use the Cloud Token smart contract protocol that

supports multi-chain assets. In order to improve the system iteration efficiency,

Cloud Token adopts a plug-in organizational structure. On this basis, we have

added a cross-chain plug-in to help users to use Cloud Token-based DAPP.

Used with off-chain assets.

Multi-chain Supported Wallet

When a large number of users use extra-chain assets to recharge these

multi-signature managed wallets, there may be problems in not being able to

accurately determine the source of the refill. Therefore, in order to improve the

Cloud Token user experience and convenience, we have designed a

decentralized wallet that supports multiple blockchain assets, that is, users can

use chain assets such as BTC and ETH to pass through the chain.

The wallet uses the premium DAPP developed on the Cloud Token chain.

Cross-chain consensus protocol

How to maintain the security of these managed wallets? We have added a new

dimension to the high-performance DPOS+CTO consensus mechanism—a

cross-chain node proof mechanism. Cross-chain nodes are voted by all CTO

holders, and the highest-scoring cross-chain node will be the target of a

multi-signal managed wallet. In order to prevent evil, cross-chain nodes must

lock the equivalent value of CTO;

In order to ensure the stability of the system operation and maintenance, the

cross-chain node must receive the reward in stages after it completes the

maintenance task. Thus, there are three types of nodes on Cloud Token:

The Super Node is elected by the entire network CTO holder through the DPOS

consensus mechanism. The super node provides bandwidth and log storage

(disk), computing power, and computational storage (CPU) and state storage

(RAM) for the entire network. The pass holder can vote for the super node

every cycle of about one minute. Candidate Node An alternate node is a node

that participates in a supernode election, including a supernode, a cross-chain

node, and a node that is not selected as a supernode. Alternate nodes are

always on standby and are ready to be replenished when a supernode or

cross-chain node fails.

Cross-chain Validator Manages multi-signal hosting accounts by maintaining

the security of multi-signal managed wallets, ensuring that out-of-chain assets

are fully aligned with the wallet on the chain.

Atomic Swap

So in the specific recharge and coin operation logic, how do the nodes of the

underlying chain work together?

The underlying chain monitors the process of recharging the assets outside the

chain:

1. The user sends a refill transaction to the escrow account;

2. When the node is in the block state, the LSP program deployed on the node

queries the trusted block browser for the transaction recharge record of the

escrow account every 0.5 seconds, and the cache is local;

3. The LSP program queries the database on the node to determine whether

the refill record has been initiated or not, and tells LSP whether the transaction

was initiated.

4. If the transaction has been initiated, it is deleted from the local cache; if it has

not been initiated, the LSP program initiates a currency transaction to the

issuing contract.

1. The user initiates mapping of the asset management contract to recharge the

mapped asset, and the BP receives the refill request through the listener;

2. The super node receives the user's request for withdrawing money

(expressed as the user reloads the mapped assets to the mapped asset

management contract);

3. According to the type of the user's coin, the super node detects the

out-of-chain asset wallet bound by the user Cloud Token wallet;

4. If the verification fails, the request for the withdrawal of the coin is discarded;

if the verification is successful, the request for the withdrawal of the coin is sent

to the multi-signature module (maintained by the cross-chain node), and the

multi-signature module initiates a real digital currency transaction to the chain,

and Cross-chain nodes multi-sign the coin transaction;

5. After the multi-signature is successful, the managed wallet is transferred to

the user and the user reclaims the assets outside the chain.

Technical Architecture

Overview

Platform Passage CTO technology panorama includes the basic network layer,

the intermediate agreement layer and the application service layer.

The basic network layer consists of a data layer and a network layer. The data

layer includes the underlying data blocks and related data encryption and time

stamping technologies. The network layer includes a decentralized networking

mechanism, a data dissemination mechanism, and a data verification

mechanism.

The intermediate protocol layer consists of a consensus layer, an incentive layer,

and a contract layer. The consensus layer mainly includes various consensus

algorithms of network nodes. The incentive layer integrates economic factors

into the blockchain technology system, mainly including the issuance

mechanism of economic incentives. And the distribution mechanism, etc.; the

contract layer mainly includes various scripts, algorithms and smart contracts,

which is the basis of the blockchain programmable features.

Platform Passport The CTO Application Services layer serves as the most

important part of the blockchain industry chain, including various application

scenarios and cases for blockchain, including programmable currency,

programmable finance, and programmable society. The application layer is the

underlying technical architecture of the platform-based CTO application

ecosystem. The open source, programmable application layer provides

technical support for building a global digital currency application ecosystem.

CTO open source agreement

The Genesis block adopted by CTO is a newly created public chain based on the

blockchain of the Bit Beta System (Cloud Token) innovation open source

agreement. Users can conduct point-to-point currency transactions and instant

settlement, and easily and easily convert trading assets. (Traditional currency,

electronic money, and other forms of assets) is as simple as sending an email,

significantly reducing the risk and handling of interbank transfers, especially

international transfers.

Unlike the centralized network model, the nodes in the P2P network have equal

status, each node has the same network power, and there is no centralized

server. All nodes share computing resources, software, or information content

through a specific software contract share. Wallet and P2P's unique open

source network technology is one of the core technologies that make up the

platform's CTO technology architecture.

CTO Agreement vs. Traditional Bank SWICTO Wire Transfer Agreement:

Transfers from traditional bank SWICTO are subject to high fees and take 3 to 5

days, and CTO cross-border transfers can be reached instantly.

CTO vs. Bitcoin: Based on CTO's redemption and transaction functions, all users

on the distributed network can conduct peer-to-peer currency transactions and

instant settlement; while the Bitcoin blockchain itself does not have trading

functions. Its transactions depend on the trading platform.

Asymmetric encryption algorithm

An asymmetric encryption algorithm refers to the use of public and private

keys to encrypt and decrypt data storage and transmission. The public key can

be publicly developed for the sender to encrypt the information to be sent, and

the private key is used by the receiver to decrypt the received encrypted

content. The public-private key pair has a long calculation time and is mainly

used to encrypt less data. Commonly used asymmetric encryption algorithms

are RSA and ECC. CTO uses asymmetric public and private key pairs to build

trust between nodes.

Consensus

CTO follows the open source protocol, so there are similar important steps for

negotiating consistency between distributed nodes. "Consensus" is the process

by which the entire network agrees on the same general ledger.

If each person chooses a completely unrelated certifier, the network will not

reach a consensus, and the special version of the general ledger is the only

correct general ledger. But in reality, people's UNL lists are repeated, and this

duplication leads to reliable verifiers reaching the same negotiation.

Every reliable system user wants the system to negotiate, and the verifier will

choose the way other certifiers trust, because they also want to negotiate.

Basically, all reliable system users work together to ensure that negotiations are

achievable and maintainable. Of course, the lack of a consistent consensus is

easy to detect.

In a consensus, each node evaluates an offer from a peer group, known as the

"selected verifier."

When running together, the selected verifier represents a subset that is trusted

not to collude with the fraud node to evaluate the offer. "trust"

The definition does not require a single selected certifier to be trusted. Rather,

these certifiers in the selection hope that they will not collude with the material

that is forwarded to the network.

CTO provides a way to prevent transactions from happening indefinitely,

ensuring that the trading process takes place in a timely manner. The

application needs to include the Last Ledger Sequence parameter for each

transaction. This guarantees that the transaction succeeds or fails in the

specified general ledger serial number (or before), thereby limiting the waiting

time before the final transaction result is obtained.

Four essential elements

The Cloud Token DLT consists of four core parts:

1. FSDLT — File System Distributed Ledger Technology

2. mDHT — Mainline Distributed Hash Table

3. SHOUT — Simple Heuristic Object UDP Transfer protocol

4. SWARM Storage

Collectively and in combination with the clever Proof of Reputation (POR)

algorithm, the four elements contribute to a blockchain that in tests and the

real-world can handle many times more transaction confirmations per second

as there are nodes in the network

FSDLT — File System Distributed Ledger

Technology

FSDLT supports multi-transactional processing by utilising file-based blocks

that can support variable file sizes to cater for business content. Unlike

traditional time-based blocks, such as used on the Bitcoin and Ethereum

blockchains, transactions on file-based blocks can be processed immediately

and in parallel — Cloud Token’ Parallel Atomic Chain.

Each FSDLT block is structured as a file which contains all the necessary

components of transactions such as timestamps and other necessary attributes.

Each file and its contents have a unique fingerprint called the cryptographic

hash, which ensures immutability and no possibility of duplication across the

network.

Fig 1.5 - ATOMIC CHAIN using FSDLT

The file or block is stored using IPFS (Internet Protocol File System) on network

nodes. Through parallel chaining, FSDLT allows multiple transactions to be

processed from a single node. Add multiple network nodes, and there is the

capacity to process multiple transactions simultaneously. An FSDLT, therefore, is

theoretically infinitely scalable.

Each node only stores the transactions in which it has participated. The SHOUT

protocol distributes the transaction information through the mDHT network

and helps nodes locate the necessary information required to complete

transactions.

Each transaction needs to pass through a customizable business logic layer

such as an Ethereum smart contract. Moreover, every transaction can be found

by human readable file names based on IPNS (InterPlanetary Name Service),

part of the IPFS framework.

mDHT — Mainline Distributed Hash Table

The Distributed Hash Table (DHT) is a peer-to-peer (P2P) network composed of

distributed nodes. A mainline DHT (mDHT) is used in the system.

mDHT data has the form of an index-value pair. Lookup, get, and store

operations are performed in the process of requesting and storing data

between nodes. To retrieve a value with a specific index, the node performs a

lookup operation on the node with a get operation.

There is no hierarchical structure in the network. Every node can join or leave

the network at any time. All are dispensable. These characteristics enable nodes

to share data by communicating directly within a widely dispersed network.

In a DHT-based P2P system, data is associated with a critical value (a result of

hashing the data), and each node in the system handles a portion of the hash

space and is responsible for storing a certain range of critical values. When a

specific key is searched, the system returns the identifier (IP address) of the

node storing the data with that key.

The mDHT system consists of four modules:

User Interaction Module for receiving data and accessing time information

from the user

1. Cryptography Module for performing encryption of data

2. Key Management Module for managing the keys required for encryption

3. Secret Sharing Module for dividing the encryption key into several pieces

via:

a. A Threshold Estimation Module for setting the optimal parameters based

on the similarity between reinforcement learning and the data availability

graph

b. A DHT Network Module for distributing generated key shares to the DHT

network

SHOUT — Simple Heuristic ObjeCTO UDP

Transfer

SHOUT is an innovative and efficient protocol for communications between

nodes in the platform. Older blockchains use a slow gossip-like protocol

whereby the first witness whispers to another node which in turn whispers to

another node until there is a consensus in the network.

Fig 1.6 – SHOUT Protocol

SHOUT broadcasts the transaction request across the network and implements

a POR (proof-of-reputation) consensus algorithm to determine the first witness.

Unlike the energy-intensive POW (proof-of-work) in which the amount of “gas”

becomes a decision the sender must make to ensure timely delivery, POR

processes transactions in chronological order using an algorithmic mixture of

response time, influence (number of connections), and stake (number of

transactions).

A lightweight mass connectivity protocol, SHOUT is an open UDP-based variant

of the Micro Transport Protocol intended to mitigate latency and other

congestion control issues found in conventional BitTorrent over TCP. SHOUT

uses multicasting to deliver data to all nodes within the network thereby

significantly decreasing overhead.

SWARM Storage

Nodes within the network work together like a swarm of worker bees to form a

storage system like a honeycomb.

The SWARM Storage layer effectively manages a process whereby participating

nodes share disk space with every other node in the network. Each transaction

between sender and recipient is processed by a reputation-backed node which

is called a witness, and each transaction is a separate chain in the SWARM.

SWARM Storage uses the FSDLT to store transactional information in the

filename so eliminating the need to store data in the actual file itself. Other

BLOB/STRUCTURE-based data is stored in the file.

Cloud Token Founding Team

Members

Management Team

Daniel Csokas

• Graduated from Oxford University, UK Director of Business

Development, MultiBank Group

• Early in the development of the program, and developed

several APPs that support multi-device multi-system operation,

including applications that use "augmented reality" technology.

• Lloyd's Insurance Company of London served as a global technology

executive during the MultiBank Group.

• Since 2012, Daniel has been fascinated by Bitcoin and the blockchain

revolution it brings. He eventually gave up his high-paying and stable job in

2013, began to give a speech at the blockchain conference, provided advice for

start-up companies, and wrote articles for free. Daniel was a pioneer in several

blockchain startup projects and digital currency exchanges. From the

accumulated experience in the past, the blockchain has been positioned from

the “black technology” that has been cast aside, and the folks have begun to

develop the most important technological revolution in this century. Daniel

found that the key to the popularization of technology to the real society is

With the digital asset wallet with artificial intelligence system, it truly integrates

the online and offline world. To this end, Daniel recruited the Cloud Token team

with this mission to create a global blockchain network that facilitates

information exchange and value trading.

Fasial King

• Fasial King graduated from the University of Denver with a

double degree in real estate and international business;

• Fasial is the co-founder of Lex, the head of King Interests,

and the owner and chairman of the King Realty Group;

• Fasial began to enter the blockchain field in 2013 and is now the organizer of

the Ethereum Institute at Princeton University

Enrique Santos

• CEO of Enrique Singapore Token Advisors;

• Focus on tokens and intra-regional ecosystems;

• Worked for 15 years at Morgan Stanley, Deutsche Bank

and Citigroup in London and Renaissance Capital in

Moscow;

Leonard Nevin

• Blockchain Alliance Interim Executive, StrongBlock Chief

Government Relations Officer

• Leonard creates an efficient organizational framework for the team;

• Has a rich data-driven way of thinking, and has a profound and intuitive

feeling of organizational changes;

• Pay close attention to the business model of business success or failure

Beau Dos Zarracina

• True-Tickets co-founder and chief content officer

• Beau has an experienced start-up CEO and innovation

director with a history in the aerospace industry;

• Excellent executive management professionals specializing in

design thinking, business development, mergers and acquisitions, analysis,

digital, systems engineering, competitive analysis, project management and

leadership.

Advisor Team

Bryan Feinberg

• Bryan is the CEO and founder of the New York venture

capital incubator, ChainDynamics

• In the past few years, he has been deeply involved in the

creation of the blockchain ecosystem, consulting and creating a number of

early blockchain start-ups.

• Bryan is a certified venture capitalist with a series of financial certificates such

as 7,63,79 FINRA

• He is also a global blockchain subject matter expert with a focus on banking

and regulatory compliance, corporate syndication, data intelligence and

analytics, wallet security, search engines, machine learning and big data.

Carolyn Reckhow

• Carolyn is the Director of Operations and Customer Services at

Casa Inc.;

• Prior to joining Casa Inc., she was Director of Global

Operations at ConsenSys;

• Carolyn graduated from Boston University.

Julian Zawistowski

• Julian is the founder and CEO of Golem Factory;

• He is also a trade economist with a deep understanding

of blockchain technology and sociology;

• Prior to founding Golem, he served as a public policy consultant and public

policy researcher for a number of organizations.

James Radecki

• James is Cumberland's global business development

lead, one of the world's largest providers of

cryptocurrency counters and liquidity;

• Prior to joining Cumberland, he served as Managing Director of Goldman

Sachs, Head of the Chicago Board of Trade, etc.;

• James is a Certified Public Accountant and received a bachelor's degree in

accounting from the University of Illinois at Wesley in 1985.

Jon Matonis

• Jon Matonis is a founding director of the Bitcoin

Foundation and has held senior positions in

organizations including VISA International, VeriSign,

Sumitomo Bank and Hushmail;

• As an economist and e-money researcher focused on expanding non-political

digital currency circulation, Jon is also an independent director of Bitcoin,

blockchain, mobile payments and gaming companies;

• Jon was a special guest at CNN, CNBC, Bloomberg, NPR, Al Jazeera, RT, Virgin

Radio and numerous podcasts. For Forbes magazine executives, American

banker.

Leading Investors

1. Digital Currency Group

Digital Currency Group is the most influential venture capital firm in the

blockchain space. Located in New York, the company's investment in the

blockchain sector exceeds all other blockchain investors. The company is not

only the first blockchain venture capital firm, but the total number of

investments in the past 12 months (15) has also exceeded the sum of the total

investment of any other nine investment companies at any time.

2. Pantera Capital

Pantera is located in the Menlo Park area of California, in the Bay Area

high-tech and venture capital cluster. The company is a hybrid investment

company of hedge funds and venture capital funds, which invests in seed

venture capital funds of blockchain companies, as well as hedge funds that

invest in tokens and cryptocurrencies.

3. Blockchain Capital

Blockchain Capital is a venture capital firm in the blockchain sector. Like Digital

Currency Group and Pantera Capital, the company is also an investment

company focused on the blockchain sector. Their first investment was in the A

round of financing for the first bitcoin trading platform, BTCC, at the end of

2013. Blockchain Capital is the venture capital firm with the largest number of

investment blockchains following the Digital Currency Group.

4. Andreessen Horowitz

Andreesen Horowitz, also known as 16z, is one of the world's largest venture

capital firms and a venture capital firm that invests not only in blockchain or

digital assets. Digital assets are part of their total investment assets, with assets

valued at more than $4 billion. Andreessen's first blockchain investment began

in 2013 and is an angel round of financing for Ripple. They also financed other

blockchain companies such as Basis, Harbor and Chia Networks. Andreessen

recently announced that it will build a $300 million fund focused on

cryptocurrency.

Roadmap

Token Generation Event ( TGE )

Token Overview

Token Name Cloud Token

Token Symbol CTO

Token Decimal Places 8

Type BBSx2

Utility

● Exchange to supported cryptocurrency

● Profit share payments

● Trading on exchanges

Total Supply 1,000,000,000

Token Price ( Per CTO ) 0.30 USD

Allocation of Fund

Legal and administration. 2% of 1.2 billion CTO or 24 million CTO (estimated to

be worth USD 2.4 million at ICO listing date). Cloud Token is an established

public chain that will use blockchain technology to facilitate international

transactions. Cloud Token will allocate 2% of the funds raised from token sales

to attend to back-end administrative, accounting, licences, and legal costs that

may arise in the process of rolling out Cloud Token-powered dApps for

organisations and users for global adoption. This budget may include

employment costs, contracts, and other corporate legal expenses.

Operations. 40% of 1.2 billion CTO or 480 million CTO (estimated to be worth

USD 48 million at ICO listing date). Cloud Token will organise four majors

international blockchain hackathons, with an additional eight satellite events

across the five continents over the next three years for international talent

recruitment. This will necessitate building teams of event managers,

salespeople, recruiters, trainers, customer service staff, and technical support

personnel. Teams will be strategically positioned across the world with

headquarters in Singapore.

Platform security. 3% of 1.2 billion CTO or 36 million CTO (estimated to be

worth USD 3.6 million at ICO listing date). To operate and maintain a complete

offline and online platform, security is of utmost importance. Thus 3% of the

sale proceeds will be allocated to build and maintain secure architecture, tools

and processes that will ensure the security of the Cloud Token online platform,

including hardware, software, firmware, network, storage and every other

component.

Marketing. 35% of 1.2 billion CTO or 420 million CTO (estimated to be worth

USD 42 million at ICO listing date). Cloud Token will plan and execute strategic

marketing campaigns to promote Cloud Token public chain adoption by

organisations, merchants and dApp users. This global outreach to individuals,

groups, organisations will encourage them to understand and engage

blockchain technology and share its benefits within their communities and

networks.

Research and development. 20% of 1.2 billion CTO or 240 million CTO

(estimated to be worth USD 24 million at ICO listing date). Blockchain

technology is still in its infancy. While Cloud Token' DLT is state-of-the-art,

continuous research and development is required to advance it. This allocation

of funds includes the development of new source development kits (SDKs),

application programming interfaces (APIs), formats, and web applications to

complement, improve and expand the usage of the Cloud Token platform. The

budget also includes employment costs, equipment, software licenses, and

other R&D costs that may arise in the future.

Cloud Token Foundation

Introduction

The Cloud Token Foundation (hereinafter referred to as the “Foundation”)

was established in the United States and is the highest authority of Cloud Token.

The Foundation is committed to the development, operation and maintenance

of Cloud Token to ensure the safe and harmonious development of the Cloud

Token ecosystem. To avoid incidents that violate the blockchain design

philosophy, the Foundation will help manage the general issues and privileges

of community projects by developing good governance structures and

systems.

Cloud Token Foundation Principle

The Cloud Token Foundation has three structural principles:

Manage separately to develop the Cloud Token system platform and

applications.

Non-profit management

Meeting the Cloud Token platform for the benefit of CTO holders,

developing a robust and scalable system by Cloud

The Token Foundation manages the issuance and distribution of CTO

certificates.

Powerful management

The Cloud Token Foundation is an independent legal entity with a unique

approach to operations and its own management structure, with consulting

services from top professionals and experienced experts.

Cloud Token Foundation Goals

The Cloud Token Foundation's mission is to lay out and develop a consumer

mining payment ecosystem based on the Cloud Token digital asset

comprehensive service platform, allowing users to participate in the Cloud

Token platform ecosystem and participate in value distribution while gaining

solid benefits from smart financial management. , sharing a feast of wealth.

Management goal

The Foundation plans to invest resources to establish a fair and transparent

management process and to take into account the opinions and needs of all

participants in the platform ecosystem. This open management model will

provide the necessary monitoring channels for each node and participate in the

supervision of the Foundation's decisions on system and rule making,

certification issuance, legal matters and other related decisions.

The Cloud Token Foundation will be responsible for managing and overseeing

the security and convenience of CTO Passport storage and use, as well as the

transparency of any other related revenue.

Research objectives

The Cloud Token Foundation aims to foster an innovative environment through

collaboration. Collaboration includes testing new ways to engage in

ecosystems, driving value creation and networking. The Cloud Token

Foundation can fund research and development to support an autonomous

network that is secure, efficient, and provides business transaction services.

Development goal

The Cloud Token Foundation directs and funds the development of the Cloud

Token platform itself and the tools that empower Cloud Token ecosystem

partners to build, develop and create value. The Cloud Token Foundation will

continue this work by participating in the development team, continuing to

support and improve the technical facilities of the Cloud Token ecosystem, and

actively maintain an open source code base that ecosystems and participants

can use.

Claims and Risks

Regulatory Risks. The regulation of tokens such as the CTO tokens is still in a

very nascent stage of development. A high degree of uncertainty as to how

tokens and token-related activities are to be treated exists. The applicable legal

and regulatory framework may change subsequent to the date of issuance of

this White Paper. Such change may be very rapid, and it is not possible to

anticipate with any degree of certainty the nature of such regulatory evolution.

CTO does not, in any way, represent that the regulatory status of the CTO

tokens will remain unaffected by any regulatory changes that arise at any point

in time before, during, and after this offering.

No regulatory supervision. None of CTO or its affiliates is currently regulated or

subject to the supervision of any regulatory body in Singapore. In particular,

CTO and its affiliates are not registered with MAS in Singapore as any type of

regulated financial institution or financial advisor and are not subject to the

standards imposed upon such persons under the Securities and Futures Act,

Financial Advisors Act, and other related regulatory instruments. Such persons

are required to comply with a variety of requirements and standards

concerning disclosures, reporting, compliance, and conduct of their operations

for purposes or maximizing investor protections. Since CTO is not subject to

such requirements or standards, it will make decisions on those issues at its

own discretion. While CTO will have regard to best practices on these issues,

holders of CTO tokens may not necessarily enjoy the same extent and degree of

investor protections as would be the case

No fiduciary duties owed. As CTO is not a regulated financial institution, it does

not owe investors in CTO tokens any fiduciary duties. This means that CTO has

no legal obligation to always act in good faith in the best interests of holders of

CTO tokens. While CTO will have regard to the interests of holders of CTO

tokens, it is also permitted to consider the interests of other key stakeholders

and to prefer these interests over the interests of CTO token holders. This may

mean that CTO is permitted to make decisions that conflict with the interests of

CTO token holders. Not owing any fiduciary duties to holders of CTO tokens

also means that holders of CTO tokens may have limited rights of recourse

against CTO and its affiliates in the event of disputes.

Tax risks. The tax characterization of CTO tokens is unclear. Accordingly, the tax

treatment to which they will be subject is uncertain. All persons who wish to

receive CTO tokens should seek independent tax advice prior to deciding

whether to receive any should they invest with regulated entities instead.

CTO tokens. CTO does not make any representation as to whether any tax

consequences may arise from purchasing or holding CTO tokens.

Risks from third parties. The tokenized nature of CTO tokens means that they

are a blockchain-based asset. The security, transferability, storage, and

accessibility of blockchain assets depends on factors outside of CTO’s control,

such as the security, stability, and suitability of the underlying blockchain (in

this case, the Ethereum blockchain), mining attacks, and who has access to the

smart contract where the CTO tokens are stored. CTO is unable to assure that it

can prevent such external factors from having any direct or indirect adverse

impact on any of the CTO tokens. Persons intending to receive the CTO tokens

should note that adverse events caused by such external factors may result in

the loss of some or all of the CTO tokens. Such loss may be irreversible. CTO is

not responsible for taking steps to retrieve CTO tokens lost in this manner.

Risks in receiving the CTO tokens. CTO cannot and does not guarantee or

otherwise assure that there are no risks in relation to the issuance of the CTO

tokens. The CTO tokens may, depending on the manner in which the relevant

issuance is effected, involve third parties or external platforms (e.g., wallets).

The involvement of such parties or platforms may introduce risks that would

not otherwise be present, such as misconduct or fraud by the third party, or

your failure to receive the CTO tokens upon duly making payment because of a

third-party wallet’s incompatibility with the CTO tokens. CTO is not

responsible for any risks arising due to the involvement of third parties,

including the risk of not receiving (or subsequently losing) any or all CTO

tokens issued to you.

The English language white paper is the primary official source of information

about the project. The information contained in the English language White

Paper may from time to time be translated into other languages. In the course

of such translation, some of the information contained in the English language

White Paper may be lost, corrupted or misrepresented. The accuracy of such

alternative communications cannot be guaranteed. In the event of any conflicts

or inconsistencies between such translations and the official English language

white paper, the provisions of the English language original document shall

prevail.