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2 BRAINY BRAINY COIN is issued by AI Technology LAB Limited. The total number of issuances is 2 billion coins. It is a cryptocurrency that started with bitcoin and is a totally new type of coin which constantly conducts AI trading. BRAINY represents our belief of innovative change by AI and our willingness to be a part of that. It is our ultimate desire to obtain support from many people around the world for this BRAINY and to share the wave of changes with people. BRAINY will launch its ICO on December 1st, *BRAINY is a brief expression for the AI of this project and we have included the meaning of "Belief" "Reliability" "Acceleration" "Infinite" "Novelty" Yield in this name. 2

3 BACKGROUND In recent years, there are about 2,000 types of coins in cryptocurrencies and 250 exchanges. 9 years have passed and ever since the concept of bitcoin was introduced in the world, we have carried out our pursuit for more convenience at a high rate of speed. The concept of the Internet was born and has evolved rapidly. We are acutely aware that more importance will evolve henceforth in terms of the same sense of speed and value as the Internet. Some examples; In South Africa, the second largest super market in the industry has become a useful tool for people living there by introducing bitcoin payment through the integration of cash register settlement software, allowing easy purchase of food products by paying in bitcoin. In another example, the Estonian government has a digital residency system (E-Residency) that utilizes cryptocurrency basis blockchains and administrative authorities have gained attention that they can perform public procedures smoothly using that system. Furthermore, the government is under consideration of issuing its own cryptocurrency. In many other countries, cryptocurrency has already begun to offer great benefits and convenience to citizens. We have focused on its importance since the birth of cryptocurrencies and over the last four years, we continued to monitor and study this concept and method that has expanded various uses and importance in its mining and trading contents. We have closely studied the trading volumes in this mining and built relations with exchanges and even studied the actual structure of these exchanges. Furthermore, we have continued to study the relationships and differences between existing legal currencies and cryptocurrencies. 3

4 In respect to the currently circulated legal currencies, it is a system that the central bank of each country generally has the authority to issue its own currency and adjusts the supply amount. And the currencies are traded in the interbank market. The currencies of each country are influenced not only by the economic situation and political background of the country but also by various environments such as its regional aspects. In some cases, the economic indicators in one country affected the economic indicators of another and as a result, it has reflected the price formation of the currency and is traded based on such information. On the other hand, in the new currency called cryptocurrency, regardless of open or private, there are major differences between legal currencies and cryptocurrencies on how to form the price. Cryptocurrencies from its price on its own. The price formation of cryptocurrencies is greatly affected by the transactions done by exchange registered users at such exchanges dealing with cryptocurrencies. As a consequence, the prices at exchanges with a substantial number of registered users, trading volumes and transactions with large trading amounts and the prices at exchanges which those factors are scarce are tend to be different. This fact is a big difference from legal currency exchanges and a big appealing point for trading in cryptocurrencies. bitcoin's trading volume, the most famous currency in all cryptocurrencies, rose roughly 6 times from about 1.3 million BTC in 2011 to about 7 million BTC and the pricing has expanded from about 1 million USD to about 3 billion USD. 4

5 In comparison to the trading volume and amount with legal currency, the USD / EUR increased by approximately 7% from about 1.09 trillion USD in 2010 to about 1.17 trillion USD in In USD / JPY, it is about a 60% increase from about 560 billion USD to about 900 billion USD but is not comparable with the increase rate of cryptocurrencies. This result is the evidence that cryptocurrencies have been widely recognized amongst vast number of people and expanded with respect to the number of trading participants. It also indicates that the spread of recognition brought up the value of cryptocurrencies. THE FUTURE AND PAST IN TRADING We have obtained massive amount of data, which is still increasing, such as the characteristics, directionality, feasibility, the number of customers of cryptocurrencies, the quality of these customers, etc. and have executed hundreds of billions of trades and transactions. By Utilizing those accumulated data, we have kept making logic on trends in certain bias. Furthermore, by combining those data on basis of each traded cryptocurrency and exchanges, it increases cryptocurrencies and is generating profit. Over decades, we have repeatedly traded and kept data by our own hands. And it worked well since the types of cryptocurrency and a number of exchanges were very small in the past. 5

6 Now, we see dramatically increasing exchanges and varieties of cryptocurrencies along with it and enlarging of the volume of transactions as above mentioned. As a result, now there are a lot of different quantities of trading volume for each crypto currency, each currency value is different for each exchange, which is becoming a huge data volume exceeding the limit of human judgment. Millions of transactions exist even at one exchange, it is necessary to judge trends of hundreds of patterns and collect them to make it to a logic. In order to make logic based on such enormous data, we now develop a system that can collect data fully automatically. We have devised an epoch-making mechanism through basic development of algorithms that can extract and research all data from there. It is the Environment Corresponding AI. DB ALGORITHM AI This is a system that we encourage AI to learn hundreds of millions of trading methods and accumulate know-how and trading patterns that will continue to increase in order to respond to the future cryptocurrency transactions and that works seamlessly 24 hours a day throughout the year. 6

7 AI automatically collects and extracts data that occurs in cryptocurrency price formation on the network. It also predicts the price that would likely occur next and automatically trade. In addition, the above trade will be accumulated and verified as new data and will improve the accuracy and quality of AI. Also, if we issue our own currency with ICO, we can further pursue psychology and habits of coin holders. And, its particular currency turns into various other currencies to become a learning currency to obtain infinite transactions information. We will continue to process that information carefully and incessantly using AI and build up large transaction data logic. Primary purposes of this project are to develop and properly run this epochmaking system which will be enhanced over time the accuracy and precision of transactions of cryptocurrencies while utilizing big data generated by the early AI trade as well as the proprietary data generated over 4 years. We will pursue the maximum profit so that participating coin holders can actually enjoy the harvest. The ICO in this project also plans to raise funds for the research for the second ICO, third ICO as well as further high precision AI system development. 7

8 STEP 0: Logistic process of accumulated trade 1: AI conversion of trades at each exchange 2: Interaction with 100 exchanges and mutual transactions OPERATION Transmission from arbitrary wallet to AI transaction wallet Operation of 1% - 4% per month Transfer from AI transaction wallet to arbitrary wallet Exchange from arbitrary wallet to multi currencies EXCHANGE EXCHANGE OUR OWN WALLET AI TRADE SYSTEM EXCHANGE 1% PER WEEK 8

9 ROAD MAP December 1st, 2017 Start of ICO December 15th, 2017 Termination of ICO December 18th, 2017 Listed on the exchange (Triple Dice Exchange) Commence trading at each national exchange In India, Thailand, The United States of America, Korea, Slovenia Development of AI trading system January 2018 Commencement of trading with original wallet 1Q 2018 Commencement of issuing cards 2Q 2018 Development of point exchange services in India SCO 3Q 2018 Build infrastructure for settlement services in India Initiate ATM installation in cooperation with national exchanges 9

10 ICO Initial Coin Offering In our ICO, we issue a cryptocurrency token called brainy (BRAINY, BRN) on block chain. The reasons why we chose ICO as the fund raising method are that 1. It is possible to gather participants from many regions 2. Participants can be recruited by simple transactions via SNS etc. 3. By issuing our own currency, we can further pursue the psychology and habits of the coin holder, and its particular currency turns into various other currencies to become a learning currency to acquire infinite transactions information. Besides, participants can hold BRNs and exchange it with other currencies on their own discretion at specific exchanges. By transferring it to the wallet which is prepared by us, it becomes subject to AI trading and BRN increases at the rate of 1% / week ( ). The rate of percentage that is planned initially. It is not guaranteed and percentage may vary in the future. The planned total issuing number of BRN in this project is 2 billion. 10

11 - BREAKDOWN - Early investors, partnerships (Early investors, partnerships): 25% ICO : 25% Possession by team (current and future advisor, founder, team and motivation preservation for the future): 30% Reservation for continuity (sustainability reserve): 20% 20% 25% 30% 25% ICO : 5% out of25% will be allotted for this time ICO, the remaining 20% will be allotted over time for SCO TCO etc.which are planned to be carried out in the future. BRAINY ICO period is from December 1, 2017 until December 15, 2017 (Hong Kong time). BRAINY shall be paid in only by bitcoin / Ethereum. The rates of BRN are as follows BTC: 1 BRN ETH: 1 BRN The above rates are the rates as of October 18, 2017, Please note that the contents of the ICO plan may be changed over time until the ICO start date. Participation in ICO constitutes sponsoring BRAINY. It does not promise guarantees to ICO participants. 11

12 TEAM Chieanchuang Audi Kalayanamitr CEO After his academic studies and research at North Carolina State University Graduate School, Portland State University (Ph.D. in System Sciences and Engineering) and Greenwich University (Ph.D. in Systems and Management Sciences), he served as a Project Manager at OMARKS Industries ((currently Blount International Inc.: The largest chain saw company in the world) and GTE Product Corporation, a Total Design Manager at Varian Associates Corp.(NYSE), assigned as Vice President of Cimation-Thor-San Leandro and President of the U.S. Pacific Rim Corp. from 1977 to After returning to his home country in Thailand, he served as President of PEMCO and Director of Siam Shintech and currently an Advisor of POSCO Asia and TPIPP, President of Peace Technology Co. Ltd., Advisor of One Development Co. Ltd., Director of ENERCEL Co. Ltd., Director of PSCC Co. Ltd., Director of Stern and Stewart Ltd. and Chairman of Maxon Systems Co. Ltd.While conducting welfare projects at National Grand Prix Co Ltd., as the Advisor of Thai Trade Industry Media Advisor, Tepris Foundation Board Member, Director of Wade-Dai Association, Vice Chairman of Thai-China Culture and Economic Cooperation Association, etc., He gives lectures at King Prajadhipok s Institute, The Economic Department at Thammasart University and Master of Management at Suranari University and engages in many speech activities. He also serves as counselor at government agencies such as Adviser to the National Reform Council of Thailand, Chairman of The Institute of Thailand Engineering, etc., and is awarded royal medals on many occasions. 12

13 After graduating from the University of Southern California Master of Computer Engineering, he worked as a lecturer in Computer Engineering at the University of Cheoncon in his home country, Thailand and received a Ph.D. in Computer Engineering from Auburn University, USA. Suchai Thanawastien CTO He was engaged in research and studies in computer science at Auburn University and South Illinois University and was a senior researcher at the Advanced Computer Research Center of the University of Louisiana. From 1991 to 2000, he engaged in software development at the International Software Factory. While engaging in many IT consulting, he is determined to continue develops until his IPO is fulfilled as the founder of venture company SE- Education Public Co. Ltd. Due to many achievements in the private sector and academic ones as a professor at the University of Illinois, he is currently a Dean and Associate Professor at the Shinnawatra University College of Liberal Arts in Thailand, a startup founder and advisor, a Thai Kingdom Highway Fund Committee and director of many companies etc. He is also a prominent author of many research papers and publications. 13

14 Somkid Pichaisriswad CFO He majored and graduated from Columbia graduate school of journalism. After graduation, he formed his career at ABC News, The United Nations Headquarters and at The Bangkok Post from 1975 to He then joined the IBM Thailand branch as a senior manager in He was responsible for marketing promotion, advertisement PR, etc. at IBM Thailand and received the IBM Award for CSR project (satellite networking, internetworking, population census, national statistical analysis and Thailand's first ATM banking pool) start-up companies and inventions. As a senior manager at Seagate Technology Co., Ltd. from 1991, he has experienced the IT / Human Resources General Affairs Divisions. He currently serves as an investment fiduciary and advisor for foreigners (The US, Europe, China, Japan, Korea), as well as an advisor to the Ministry of Education, Ministry of Finance, Ministry of Defense and Agricultural Cooperatives within the Thai government. In addition, he has been rewarded numerous honorary medals from Her Majesty, the Queen, Royal Guardians Bureau, The National Thai Army, etc. due to his outstanding contributions to Thailand. & ADVISER Kei Funabashi 14

15 DEVELOPMENT PARTNER Takuya Hashiyada CEO Jethro Mondiguing Robert Marquez Yen Mondiguing John Erick Cruz ADVISERS Sunil Dhillon CEO, COO BITCOINSHOP 15 Maria Theresa Marquez

16 NOTICE READ THIS NOTICE VERY CAREFULLY. CONSULT YOUR OWN LEGAL ADVICE BEFORE ENGAGING IN ANY ACTIVITY. NEITHER WE NOR ANY THIRD PARTY SERVICE PROVIDER SHALL BE LIABLE FOR ANY KIND OF DAMAGE OR LOSS, INCLUDING DIRECT AND INDIRECT, THAT MAY FALL UPON YOU AS A RESULT OF READING THIS WHITEPAPER, MATERIALS PRODUCED BY CRYPTOCURRENCY OR USING THE CRYPTOCURRENCY WEBSITE AT NO OFFERS OF SECURITIES, ADVICE OR SOLICITATION This whitepaper is intended for informational purposes only. It is not intended to be investment advice, solicitation of any kind nor an endorsement. Any decisions or actions taken on the basis of information presented in this whitepaper, the cryptocurrency website or other content is done at your own risk and discretion. FORWARD-LOOKING STATEMENTS Certain information set forth in this whitepaper includes forward-looking information regarding the future of the project, future events and projections. These statements may be identified by but not limited to words and phrases such as "will", "estimate", "believe", "expect", "project", "anticipate", or words of similar meaning. Such forward-looking statements are also included in other publicly available cryptocurrency materials such as videos, blog posts, interviews, etc. Information contained in this whitepaper constitutes forward-looking statements and includes, but is not limited to: (i) The projected performance of the project; (ii) The expected development of the project; (iii) Execution of the project's vision and strategy; (iv) Future liquidity, working capital, and capital requirements. The forward-looking statements involve a variety of risks and uncertainties. Should any of these risks or uncertainties materialize, the actual performance and progress of cryptocurrency might differ from expectations set by the forwardlooking statements. These statements are not guarantees of future performance and no undue reliance should be placed on them. Cryptocurrency undertakes no obligation to update forward-looking statements if circumstances change. By acting upon forward-looking information received from the whitepaper, cryptocurrency website and other materials produced by cryptocurrency, you bear full responsibility in the case of forward-looking statements not materializing. NO GUARANTEES There is no guarantee that the cryptocurrency platform will be a success. Similarly, there is no guarantee that the value of cryptocurrency will rise. You are advised to thoroughly assess the risks and uncertainties involved before making any decisions. No promises in terms of cryptocurrency value or future performance are made. EXCLUSION OF LIABILITY Cryptocurrency makes no representations or warranties whatsoever and disclaims all liability and responsibility to the maximum extent of the law for any statement or informative material communicated. The cryptocurrency team takes all reasonable steps to ensure the integrity and accuracy of information communicated. REPRESENTATION AND WARRANTIES FOR THE READER Upon taking action on the basis of information presented in this whitepaper, the cryptocurrency website or other content produced by cryptocurrency, you confirm that: a) This whitepaper, the cryptocurrency website or any other material produced by cryptocurrency is not an offering, solicitation or prospectus of any kind. b) Cryptocurrency is exempted from any direct or indirect liability to the maximum extent of the law. c) Cryptocurrency is not regarded as securities in any jurisdiction. d) You have a good understanding of the key components of blockchain technology and understand how blockchains operate. In addition, you fully understand how to use blockchain wallets, including safeguarding private keys. e) You are aware of risks in the cryptocurrency industry and are able to bear potential losses in full. f) You are not expecting to earn profits in any form. g) You are not a citizen or a resident of the United States, Estonia or Singapore.

17 What is the happiness of a coin holder To all those who participate in this ICO, we are devising this project in order to externalize more efficient individual beneficial time and maximization of value. ver WHITE PAPER