Fourth-generation cryptocurrency platform creation White Paper Ver. 3.0
Greeting TOUREXCOIN is a cryptocurrency developed for the purpose of establishing means of settlement by cryptocurrency in Cambodia domestic and other countries around the world including Japan. It is planned to spread and distribute as a currency in which settlement based on cryptocurrency becomes more familiar. This project including TOUREXCOIN is supported by everyone. The more the number of supporters is increased, the more the project progresses, which will lead to the realization of cashless town concept with cryptocurrency. When seeing this material, if you feel the possibility of this project, please consider TUX GLOBAL SDN BHD The Ritz-Carlton Residences Kuala Lumpur 1 buying and possessing TOUREXCOIN by all means.
Table of contents Greeting Disclaimer What is ICO The purpose of TOUREXCOIN ICO Overview of TOUREXCOIN Technology and challenges of cryptocurrency Technical limitations of the first generation Challenges of centralized exchanges A negative chain brought by ICO without exit TOUREXCOIN arrival TOUREXCOIN platform Collaboration with the Cambodian government Fourth generation platform technology Convenience of TOUREXCOIN The fourth-generation cryptocurrency exchange Cooperation with coupon application Distributed cryptocurrency exchange ippo complex payment service Cashless to more convenient and familiar To everyone for purchase TOUREXCOIN Purchase price Load map How to buy Risk factors Conclusion Issuer Corporation Listing decision exchange 1 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 27 2
Disclaimer No part of this white paper or the facts displayed will be used as a basis for making decisions on contracts or investments. No one will be promised about the conclusion of a contract or legal obligation concerning the purchase and sale of TOUREXCOIN TOKEN. In connection with the transaction of TOUREXCOIN TOKEN, the contract between the purchaser and the seller shall conform only to the token sale contract specifying the contract terms. Investing in TOUREXCOIN TOKEN involves a very high risk including the risk of loss of the total investment. Please consider this opportunity only for investors who are knowledgeable about acquiring tokens, digital assets, or cryptocurrencies. The risk of purchasing it must be carefully considered. It does not guarantee the accuracy, reliability, or completeness of this white paper, and it does not assume liability at all. 3
Initial Coin Offering What is ICO ICO is the means by which companies or business projects that want to raise funds issue their own cryptocurrency and raise funds. Supporters purchases a digital currency called "coin" or "token", and in principle no compensation is paid. It also known as "cloud sale", "pre-sale" and "token sale." It is attracting attention as a means of financing other than traditional methods using stocks (IPO). Various cryptocurrencies Supporters Issuing coins and token Project companies 4
Make a cashless town The purpose of TOUREXCOIN ICO Development of settlement currency that is not influenced by price fluctuation of crypto currency. Development of application-linked crypto currency that can be used for settlement in Japan and other countries. Realization of cashless town that enables seamless shopping linked with coupon application. Realization of cash out by statutory currency at official exchange of Cambodian government (Approval pending). 5
Overview of TOUREXCOIN Settlement Revolution with cryptocurrency dedicated to the 4th Generation Platform With the price fluctuation system of the cryptocurrency, we are aiming for currency as a settlement tool in lifestyle under the present condition that it has not been established as a means of settlement. We will develop as a platform integrated cryptocurrency linked with application settlement system of smartphone and tablet. Coins developed by state-of-the-art cryptocurrency technology realize a secure and comfortable cashless town in future markets and financial services. Name TOUREXCOIN Ticker code TUX Start issuing Autumn 2018 Main purpose of use Sending, remittance, settlement, investment Issuable number 81,000,000 TUX 6
Technology and challenges of cryptocurrency 7
Technical limitations of the first generation (POW method) The Bitcoin born in 2009 as the world's first cryptocurrency spread rapidly around the world based on various innovative technologies including block chains and became a big trigger for the cryptocurrency to be noticed. However, there are still many problems to be solved both technically and socially. For example, it cannot be said that it is positively widely appreciated because it can be a means of improper remittance, problems of some exchanges collapse, transaction time increase and price fluctuation system and so on. Main mechanism of Bitcoin (POW method) P2P method Algorithmization Receive bit coins as rewards by solving the algorithm POW (proof of work) = Mining The amount of computation and the amount of electricity accompanying it to solve the encrypted algorithm are increasing year by year. As a result, the time required for trading is also increasing. To use it for payment, it cannot be technically resolved. 8
Challenges of centralized exchanges Vulnerability of exchanges embossed with major exchange riots The emergence of the hacking riot of major japanese exchanges that occurred in January 2018 was the weakness of the management system of the exchange. In addition to that, block chain technology was hardly used for currency trading at the cryptocurrency exchange, and it was operated on a centralized management system. The exchange uses a system similar to existing FX to link user information and owner, and replaces numbers. The user's cryptocurrency asset is not written in the block chain, and exchange using the secret key is done only when depositing money outside the exchange. Therefore, discretion is concentrated on exchanges, and the characteristics of systems and technologies possessed by the original cryptocurrency are not utilized. What is required of future exchanges is to build a new system of the fourth generation that solves the current problem. Existing trading model that blockchain technology is not utilized Purchase application Apply for sale Buyer Commission generation Centralized exchanges Commission generation Seller Settlement notice Management and trading on the database Settlement notice Hacking attack In the current main exchange, it is common to collect a huge transaction fee from users under a centralized system. If we do not improve this mechanism, damage such as hacking will not continue in the future. 9
A negative chain brought by ICO without exit Loss occurrence Invester Investment C Exchanges Annihilation unique currency ICO drafter C Decline of unique currency Project funds Projects without exits and fictitious business plans Currently, POS, which is the mainstream system of ICO, has no agreement such as IPO's exclusive system or voting rights. In return for the investor, they can get coins and tokens at a bargain price. However, there are no international rules for ICOs that take place in fast-growing markets. Therefore, even if a company starts a new project, it may not be carried out as planned, or the business plan is fictitious and may not exist. 10
TOUREXCOIN arrival 11
GET TUX Investor Settlement agent Retail store TUX Platform 12 customer
Collaboration with the Cambodian government Required Government-certified cryptocurrency exchange In Japan leading the world in terms of transaction volume of cryptocurrencies, registration and approval of the FSA are necessary for establishing new exchanges, and permits are also required for brands of cryptocurrencies handled. This is because there is a high possibility that a highly anonymous cryptocurrency will be used for crime such as money laundering, so in Japan high hurdles are set up for examination such as the registration of the Financial Services Agency, which takes a huge amount of time. Under these movements regulation and related laws are rapidly developing in each country. In some countries taxes are not involved at all in the cryptocurrency. Alternatively, there are very strict countries such as prohibitions, regulations and views differ depending on the country. It is expected that promotion of the issuance of cryptocurrency by large enterprises, nations and central banks. That is why the establishment of a government-authorized cryptocurrency exchange that can handle these Examples of major overseas cryptocurrency exchanges cryptocurrencies in a borderless and real-time is required. The Cambodian government is very friendly to the cryptocurrency and is officially trying to certify TOUREXCOIN and exchanges as a state. Establishment of Cambodian government official cryptocurrency exchange (Approval pending) 13
Development by fourth generation platform technology Existing POI Proof of importance Distributed third generation system Giving a token according to contribution degree and work amount Acceleration of processing is required due to an increase in information amount TUX Platform Fourth-generation system that processes transactions at high speed and fixes the settlement amount on the market It selects the layer during block chain processing which interferes with the processing speed and realizes improvement of the overall speed by separately processing it. 14
Convenience of TOUREXCOIN Cambodian government official recognition (approval pending) cryptocurrency exchange Cambodian government official cryptocurrency exchange using TUX Platform system Users BTC ETH XEM BCH TUX Expected cryptocurrency example Charge from cryptocurrency exchange handle TOUREXCOIN settlement TUX Platform settlement system Credit settlement + Electronic settlement + Application settlement + Cryptocurrency settlement accommodation restaurants and public duty-free durable consumer goods such as hotels commercial facilities transportation shops (high-priced items) Cryptocurrency was traded in each system in former trading system. It has a crucial defect that cryptocurrency cannot be dealt directly when we settle. We will solve this problem with TUX Platform. We constructed a system which can settle an account with the cryptocurrency only with QR cord without using terminals at the cash desk by making a deal with each country application settlement company. 15
Innovative features Innovative features of the fourth-generation cryptocurrency exchange Sale of coins Purchase of coins Coin transactor Acquisition of legal currency Cambodia Exchange Payment of legal currency Coin user The same number of coins as the coins used for settlement in the general market is automatically fixed at exchanges so that they are not affected by price fluctuations of the market price. Establishment of 1DB method Using coins Service provision Pick up coins Commission payment Coin discharge Transfer money for settlement Issuer corporation Settlement agent Retail store 16
Cooperation with coupon application Cashless town close to by TOUREX TRIP-PON Develop application for smartphone TOUREX TRIP-PON members who use TOUREXCOIN as membership cards can receive various discounts and services. They will receive discounts and services such as shops and restaurants in the area linked with the map and other deals. Besides, the shop side can transmit information in real time, provide application service that can attract customers directly. 17
Under development as a distributed cryptocurrency exchange COINYEX has begun applying for licensing of the cryptocurrency exchange in Kingdom of Cambodia. In order to operate the cryptocurrency exchange in Kingdom of Cambodia, it is necessary to obtain a license from the National Bank of Cambodia (NBC), the Cambodia Securities and Exchange Commission (SECC), and the National Police. COINYEX filed an application to the regulatory authority at an early stage in order to obtain a license of the cryptocurrency exchange. Currently, COINYEX is the only cryptocurrency exchange officially launching applications. In response to this, COINYEX will treat TOUREXCOIN as the key cryptocurrency after acquiring the license. TOUREXCOIN plans to handle many other cryptocurrencies, in particular TOUREXCOIN will be able to handle it in real time as a cryptocurrency that can be used for settlement. TOUREXCOIN will step up towards the realization of "cashless town" as a cryptocurrency that can be used for settlement around the world. 18
Introduction of was decided to complex payment service. Payment functions, tax exemptions, issuing tickets, consolidating vacation rental business, and smarting cash registering Display payment amount Read QR code Select payment method Payment completed The 6th major credit cards Major electronic money Application settlement
Cashless to more convenient and familiar 20
To everyone for purchase TOUREXCOIN 21
TOUREXCOIN Purchase price TUX GLOBAL WEB SITE release May 2018 May 11, 2018 Start private sale 28.5% OFF 1 TUX 2.27 USD Issuing 10 million TUX June 17, 2018 end of private sale June 21, 2018 Start presales 1 TUX 2.73 USD Issuing 15 million TUX After the end of presale Start public Sale 1 TUX 3.18 USD Issuing 20 million TUX Autumn 2018 Coin listing 22 14.3% OFF
Roadmap Autumn 2018 Listed on Cambodia Exchange listing January 2019 ~ Commencement of settlement services in Japan and Cambodia March 2019 ~ Singapore Exchange listing July 2019 ~ Settlement service will start in Southeast Asia 2020 ~ Listing on the US Exchange 23
Purchase Method Name TOUREXCOIN Ticker code TUX Start issuing Autumn 2018 How to buy Apply from a special purchase form Issuable number 81,000,000 TUX TUX GLOBAL SDN BHD Company No. 1272161-W Operator How to buy TOUREXCOIN You can purchase with Bitcoin and Ethereum. Official WEB site URL http://www.tourexcoin.com/ Minimum purchase quantity 400 TUX 24 BTC ETH
Risk factors Cyber attack risk In general, cryptocurrencies tend to be attacked by hacker. There is a case that TOUREXCOIN is adversely affected by Cyber attack. Communication network risk The cryptocurrency is a nature that can not move without a communication network environment. If the world's communication network is stopped, TOUREXCOIN may not operate. However, the cryptocurrency deposited in the wallet will not be lost due to communication failure. Legislative and Tax system change risk If the law changes and regulates ICO, cryptocurrency may not be distributed. In addition, the tax law may change and taxation on profits may increase. Unstable price risk The price of the cryptocurrency may become unstable due to the market situation and the influence of the world economy. It is also assumed that it cannot maintain the price you target. Cryptocurrency operation risk When we operate crypocurrency, the law changes in each country and it may be impossible to operate in a country aiming at spread. Funding risk It is difficult to disseminate essential TOUREXCOIN unless you develop a cryptocurrency platform, wallet, or other system. In the unlikely event that system development costs can not be gathered, there are cases where it is difficult to develop and disseminate TOUREXCOIN. 25
In 2017, which was said to be the first year of cryptocurrency, various projects were newly raised. Marks of major cryptocurrencies also gained value across the board. On the other hand, from the beginning of 2018, the risk factor because of hacking etc. of the cryptocurrency exchange became obvious in Japan. As a result, the view of the market against cryptocurrencies, where cognition has been spreading, has become severe. After this,in order to promote the creation of a cashless that needs to be widely deployed even in Japan, it is expected that technology such as a block chain of cryptocurrencies will become increasingly necessary. It is required to create a situation where Japan will lead the world as a cryptocurrency leading country. Under such circumstances, through the project of TOUREXCOIN, we will make a situation where the cryptocurrency will spread to a more general existence and will penetrate as part of the lifestyle. To that end, we do not start projects within Japan but start from Cambodia which is noteworthy as an emerging country in Southeast Asia. We will deepen collaboration with the cryptocurrency exchange under the official approval of Cambodian government (approval pending), shape the planning of the cashless town, and spread that model to the world We will strive to do this. By participating in this project, we hope that you will cooperate to realize this magnificent vision. TOUREXCOIN Project Team 26
Issuer Corporation Name TUX GLOBAL SDN BHD Company No. 1272161-W Location Lot No. 1-22-6, Menara Bangkok Bank, Laman Sentral Berjaya, No. 105, Jalan Ampang, 50450 Kuala Lumpur, Wilayah Persekutuan. Listing decision exchange Name COINYEX Co.,Ltd. Location 3F, Canadia Bank Tower, No. 315, Ang Doung St, Corner Monivong Blve, Phnom Penh 27