PlusToken white paper

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Introduction

Block chain technology is considered to be the core technology that has the greatest potential to trigger a disruptive revolution.In the past few years,block chain technology has been paid attention to by the whole world.Under the influx of investment institutions in various fields, from listed companies to young enterprises,from business to technology,the block chain is decentralized and cannot be tampered with.New technologies traceable attract investors to focus on and participate in this field.

Table of content

Chapter One  Overview

1.Definition of Block chain

Block chain-Decentralization of recording Technology

Generalized definition:The block chain is a block system that stores data,is maintained by many parties,and uses cryptography to ensure the transmission and access of the data storage technology system.It represents the current hot bitcoin,a decentralized record technology behind Ethereum.

Narrow definition:When talking about a block chain in a specific product,it refers to a chained data storage method in which blocks are connected.

In a word,”Economist”,a slogan,called the block chain a “trusted machine”.

2. Characteristics of Block chain

Decentralization+tamper-resistance+traceability,which build block chain core application ability.

Characteristic one: decentralization

Decentralization means that a large number of nodes are distributed in the block chain network,Nodes can freely connect to each other to exchange data, assets, information, etc., without having to go through a third-party hub.For example, our current routine transfer needs to go through the central institution of the bank, and in the block chain network we will be able to make direct point-to-point transfers.

Characteristic two:tamper-resistance

Block chain uses cryptography to ensure that the information on the block chain is not tampered with, mainly using hash function and asymmetric encryption in cryptography.

Characteristic three:traceability

The form of block + chain preserves all the historical data starting from the first block.The form of connection is that the latter block has the HASH value of the previous block,and any record in the block chain can be traced back through the chain structure.

Chapter Two Development of Block Chain

1.Accelerating technological Innovation of Block Chain

Technological innovation is the core driving force of the in – depth development of the block chain industry , and the technology innovation in the block chain industry is undergoing a process of obvious acceleration .Taking the number of block chain patents open in 2014-2017 as an example, the number of patents related to block chain technology in the world is obviously on the rise in accordance with the overall trend.

2.Growing rapidly Block Chain financing

From 2014 to July 2017, the total amount of private investment in the global block chain showed an increasing trend. With the rise of ICO, the global market has grown significantly compared with 2014.

3.Wide range of applications in Block Chain

Thanks to the continuous innovation of block chain technology, the application of block chain in the world has been diversified, extensive and active characteristics.From 2014 to 2018, private equity investment in block chain is invested in mining, wallet, virtual currency, infrastructure, underlying technology, exchange, related services and application of block chain.

From the perspective of block chain application with the highest proportion, private equity investment can be divided into data service, finance and authentication confirmation, cultural entertainment and other fields.

4.Tokenomics(token economy)

Internet digital economy of the next generation

4.1.Token means pass proof instead of coin

The first step is that we need to define the vocabulary clearly. Today, there are two words with different meanings that have been vaguely used. The first one is Cryptocurrency, which is commonly translated as “encrypted digital currency” and abbreviated as “digital currency”. The second is “token”, which is widely translated as “coin”. In spoken English, we often only use the word “currency”. For example, “does your block chain app issue COINS?” . So is the “currency” here “cryptocurrency” or “token”? Semantic ambiguity. Actually these two things are different. Encrypted digital currency originated from bitcoin, which was intended to be the currency of Internet payment. How does token come from? In network communication, the original meaning of token means “token, signal”. In fact, it’s a kind of entitlement, or proof of equity.

The German economist Georg Friedrich Knapp believes that money, especially credit money, has the power to intervene from the beginning. In fact, money is power, money is politics, and monetary power must belong to the state. So token is easy for anything, it’s hard for money. But what the token stands for can be proof of all rights, not just money?On the contrary, tokens actually fall to the ground, and non-token applications are likely to be far ahead of tokens.For example,Satoshi Nakamoto wanted Bitcoin to be a payment currency, but now it’s a digital asset that doesn’t work as a currency.

As Yuval Noah Harari saying in the “A brief history of humankind ”,It is these “fictional facts” that make Homo sapiens stand out and build human civilization and form the core of human civilization.It can be said that all the civilization of human society is based on the proof of rights and interests. All accounts, ownership, qualifications, certificates and so on are the proof of rights and interests.If all these rights and interests are proved to be digital, electronic, and cryptographic to protect and verify their authenticity, integrity, privacy,so it will be a huge renovation for the human civilization.

4.2.Three elements in Token, one of which is indispensable.

(1) Proof of digital interest. That is, it must be a digital certificate of interest, which must represent a right, an Intrinsic value.

(2) Encryption. That is to say,the authenticity,tamper-proof, protection of privacy and other capabilities of token is guaranteed by cryptography.Every token  is a right protected by cryptography.This protection is stronger and more reliable than any protection provided by law, authority and guns.

(3) Negotiable. That is, it must be able to flow in a network, so that it can be verified anywhere and anytime. Some of them are tradable and convertible. In fact, the Token can represent all the rights and interests, from ID card to the diploma, from currency to the bill, from the keys and tickets to the integral, CARDS and stamps, from stocks to bonds, all interest in human society, can use Token to represent.

4.3. The token represents the rights and interests, and cryptography is the most reliable, the most impregnable protection of the rights and interests.

(1)The token on the block chain is naturally the security and credibility of cryptography.

(2) The block chain is an infrastructure for trading and circulation.“pass-through”of pass-through certificate is to have high liquidity, fast transaction, fast circulation, safe and reliable, which is exactly one of the fundamental capabilities of the block chain.

(3) The block chain is decentralized, which makes it much more difficult to tamper with records, block circulation, affect prices and destroy trust.

(4) The pass-through certificate(Token) shall have intrinsic value and use value, and the block chain can endow the token with rich and dynamic use through intelligent contracts.With the block chain of smart contracts, an extremely rich set of applications will be created around token, which will enable human society to transcend the Internet and digital life.

Why is Token so important? Why can Tokenomics bring a new round of digital economy revolution? Why might it trigger another big upgrade in the real economy?

4.4.Token is based on its intrinsic value,which is established on real economy and serve for real economy

(1) Full marketization and high freedom of token.Token runs on the block chain and can be verified, traceable and exchangeable at any time. Its security, credibility and reliability cannot be achieved in any previous way.Therefore, every organization can easily make its promises written, “certified” and market-oriented. This is a capacity that human society has never had.

(2) The velocity of circulation, the speed of circulation on the block chain is very fast, and because of the application of cryptography, the flow and transaction are extremely reliable,so that the disputes and frictions will be reduced by several hundred times. If we say that in the traditional economic era, one of the important indicators to measure the development of the whole society and economy is the speed of money circulation, while in the age of Internet economy, an important indicator of a country’s level of urban development is the network flow. So in the age of digital economy, the overall speed of circulation of token will become one of the most important economic indicators. As all of our people and all of our organizations are moving and trading at a rapid rate,, our way of production and life will change completely.

(3) Price discovery, due to the high speed of circulation and trading, each token’s price will be quickly determined in the market,which was quickly identified, hundreds of thousands of times more sensitive and precise than today’s market price signals.

(4) The application of token, that is, the application of smart contract around the token.It can stimulate various forms of innovation, and it will create more opportunities and waves of innovation than the previous computer and internet era combined.We have reason to believe that token will be the key to the next generation internet economy.

(5) Tokenomics will be extremely conducive to state supervision and social management.because block chain of a backstage facility makes all data archived in original, traceability convenient, can not be tampered with, can not deny, combine artificial intelligence and big data analysis technology, it is extremely convenient for the competent authority to carry out supervision.Even what make matters worse,the ability of tokenomics to combine block chain “Code is Law”allows many specifications to be written directly into smart contracts.

 

4.5.Tokenomics is the digital economy for internet of next generation

An active economy must be a well-regulated economy. Tokenomics, which can promote free exchange and strengthen supervision, is a great upgrade of market economy. In essence, it redefines market economy with cryptography and future information infrastructure such as open source and open supercomputer, which includes cross-border open source supercomputers. In this way, what the most important thing in the future will be token, block chain will be the best platform to support the operation of token. Block chain provides a solid trust foundation for token, and both of them become the important foundation of digital economy in the future.

Since the birth of the concept of “free money”, human beings have never stopped exploring and realizing. Since the birth of the first encrypted digital currency BTC, the exploration of encrypted digital currency has achieved a qualitative leap. Although the birth of cryptographic digital money did not realize the real value of currency, as a digital asset, accepted by the human economic world, at the same time let us see the key of next generation of Internet digital economy , that is, “token”!

As the key to the next generation of Internet digital economy, “token” has the important meaning of diversification! It can also be stored and traded as a personal asset!So, in the next generation of Internet digital economy,just as all kinds of Internet wallets at this stage will store our legal tender assets in various bank accounts, and achieve efficient and convenient online storage, payment and settlement,to support for a variety of card “token” storage and transfer, trading of personal digital assets smart wallet,which will play a vital role in the next generation of Internet digital economy!

Chapter Three:Plus Token, more than a super wallet

The Plus token is both a decentralized digital asset wallet and a decentralized trading platform. Plus token was developed by Samsung and Google pay, a research and development laboratory in Seoul, South Korea. Because of the technical advantages of its development platform, it supports a variety of “token” (BTC、ETH、LTC、BCC … ) that is fast, secure storage and outbound transactions.At the same time, its unique artificial intelligence software can provide users with efficient value-added.

1.Super Digital Asset Wallet

Plus token redefines block chain digital asset smart wallet.

When we use traditional Internet products , we may forget account names , or user passwords ,only need you to apply to an operator and send a text message with authentication information , you can easily retrieve the missing items.

To protect users’ assets, plus token does not provide a central platform, but allows users to manage their own assets.Especially the private key,which once someone else gets it, grasps your assets.Plus token cannot retrieve the password, trade rollback, and so on.The user must keep his private key.The user’s digital assets are stored and traded on a block chain network account, not on the plus token server, and only those who have the private key can be controlled.

2. Block chain + smart contract

Smart contracts are “programmable contracts”, or “contract intelligence”.

“Intelligence” is executive intelligence, that is, to meet certain conditions, contract automatic execution, such as automatic transfer of securities, automatic payment,which will be an important development direction of block chain technology.Because the block chain can achieve point-to-point value transfer, the corresponding programming script can be embedded in the transfer process, which can deal with some unpredictable transaction modes through this smart contract to ensure that the block chain can continue to be effective.This kind of programmable script is essentially a list of many instructions, realizing the pertinence and conditionality of value exchange, and realizing the specific purpose of value. Therefore, any value exchange activity based on block chain can be controlled hard by smart programming, such as its usage, direction and various restrictions, thus saving the cost of legal or contractual constraints.

3.Currency exchange support

Currency exchange refers to the exchange between different encrypted digital currencies , which can be redeemed according to the real – time ratio.Thanks to currency exchange, users can trade digital assets or realize digital assets more quickly and easily.The exchange of all digital assets and plus on the open plusToken in the early stage,and the exchange of plus and ETH.In the late opening plusToken,there are many exchanges of digital assets.

4.Support OTC off-exhange transactions

The method of inquiry trading(Over-The-Counter,OTC method) is also called the method of over-the-counter trading,which refers to the transactions conducted by the main body of market transactions on the basis of bilateral credit, through independent bilateral inquiries and bilateral clearing.Trading is not carried out on a trading platform, but is made privately at a price higher or lower than the trading platform price or subject to other conditions.

5. Coin currency trading

In the later period, the exchange between digital assets can be realized directly by using coins, which is convenient and quick, and the economic cost and time cost are saved.

6.  Safety

(1) The development of digital asset wallet is safe and reliable based on the decentralization of block chain bottom technology.It is the world’s first super block chain digital asset smart wallet that combines a decentralized token wallet and a decentralized trading platform.

(2) Users’ digital assets are stored and traded on a block chain network account, instead, on a plusToken server,and only those who have the private key can control it.

(3) Support for two-way anonymous transactions

(4) Encrypted communication

Chapter Four AI-Dog,smart dog

1.Artificial Intelligence

Artificial Intelligence,abbreviated as AI.The term “artificial intelligence” was first coined in 1956 at the Dartmouth Institute.Since then, researchers have developed many theories and principles,and the concept of artificial intelligence has expanded.Artificial intelligence is a branch of computer science that attempts to understand the essence of intelligence and produce a new intelligent machine that responds in a similar way to human intelligence.The research in this field includes robot, language recognition, image recognition, natural language processing and expert system.Since the birth of artificial intelligence, the theory and technology are maturing day by day, and the application field is also expanding. It can be imagined that the scientific and technological products brought by artificial intelligence in the future will be the “container” of human wisdom.Artificial intelligence is the simulation of the information process of human consciousness and thinking. Artificial intelligence is not human intelligence, but the ability to think like a human being, may also exceed human intelligence.

2.“AI Dog”operational principle

Plus token’s additional artificial intelligence robot, AI-Dog,which was developed by Samsung’s technical team.It is used to track and capture big data and efficient market analysis of major trading platforms in real time and carry out intelligent arbitrage trading in real time. Users can view real-time trading flow online.

3.“AI Dog” significance

The robot will identify the price difference and trading volume of digital assets on various trading platforms, decide whether to carry out the arbitrage task, and initiate the arbitrage trade on its own at the right time.

Robots can also capture the real-time digital assets in each big trading platform spreads,decide whether to trade or exchange currencies, and so on, so that our entrusted digital assets will not be affected by price fluctuations at all. Solve the various drawbacks and risks of manual arbitrage.

4.“AI Dog” promotional planning

The plusToken system allocates 50% of the user’s entrusted digital assets to plusToken users and all plus token promoters through the “smart dog” arbitrage trading profit.

To get more users involved in the plus token, “AI Dog” will also serve as a prize for active promotional users. It is expected that by 2019,a total of 10,000 units will be awarded, and each “AI Dog” will have an additional 3 years of free maintenance.

Chapter Five “Token”

1.Definition of plus

Plus is a master coin developed by the plus token technical team to encrypt distributed digital currencies for decentralization.Plus adopts the underlying architecture of block chain technology.You can freely build block chain applications and smart contracts for developing digital currencies through the plus open source code in compliance with the plus convention.It can be seen as a super-digital asset smart wallet and a card for plus token, a decentralized trading platform, which represents an interest in plus token and has inherent and intrinsic value; and plus can serve as a link between the entire wallet and the exchange. It can be used as transaction, transfer service fee,commission settlement of PlusToken promotion user,commercial application contract, forecast contract margin and so on.

2.Commercial logic

“Token” will lead the next generation of digital economy.Plus Token technical team will  initiatively create a smart wallet that support secure storage of a variety of encrypted digital assets and efficient outbound transactions, a decentralized digital asset trading platform combined with an artificial intelligence robot for combination of technology and block chain to create unlimited possibilities in the digital economy era.

3.Developing team

The Plus token is both a super-digital asset wallet and a decentralized trading platform, plus Token, developed by Samsung and Google pay, an experienced original technology team with research and development laboratories in Seoul, South Korea. Support version: Android IOS. Supporting languages: Korean, English, Chinese.

4.Issuing plan of plus

Users who have signed up for plus token will receive plus awards for airdrops ranging from 0. 01 to 500 plus until 20 million plus airdrops are delivered.

The plus token Foundation distributes 50 per cent of the  profit from the transaction fee on the decentralized trading platform permanently to all promotional users.

5.Allocation mechanism of plus

The total number of issues was 500 million.

The total number of pre-excavation is 300 million,mine pool business will be opened in 2020.The total amount of circulation in the early period was 200 million.

Among them,business cooperation 10%, technical team 20%, private equity, market circulation, registration awards and promotion commission 70%.

6.Private placement

The total of private placement: 15, 000 ETHs. 1ETH = 1000 pluses.

Private placement will begin on February 20, 2018. Note: one user can only participate in private placement of one ETH.

7.Growth of plus

The high added value of plus Token, the perfect combination of science and technology and block chain, is an outstanding representative of the age of comprehensive economy.

Quarterly profits of 30 percent were used to buy back plus for destruction, and the destruction process took place on the block chain and was publicly irreversible until the total was controlled at 100 million.

8.Development planning

February 2018:South Korea launches 15000 ETH private offerings.

April 2018: plusToken opens permissions for multiple countries.

September 2018: currency trading is online.

May 2019: launch of plus Global Business Cooperation. Industrial application.

June 2020: a total of 500 million plus, 300 million of which are pre-excavated. The pre-sale plan of the mining machine is opened in advance. The specific time is subject to the announcement.

June 2021: building the most popular digital asset wallet in South Korea and the world.

July 2022: on June 30, 2022, or when the target user data exceeds 10 million, plusToken will stop using the smart dog function for newly registered users after June 30, 2022. And the old users will continue to use and enjoy all the promotional benefits for two years until June 2024

All plus Token users continue to receive a 50% bonus on the transaction fees they promote.

Chapter Six Overall project overview and risk statement

1.General outline of the project of plus Token

Throughout the world, the value of the existing block chain technology for a variety of wallet and decentralized trading platforms for “token” storage and transfer transactions, as well as the aggregation application value of intelligent robots, has not been reflected.However, by building a “decentralized” smart wallet that supports multiple “token” secure storage and convenient transactions, we combine a “decentralized” secure, convenient digital asset trading platform that supports a variety of transactions. Digital Asset Robot based on artificial Intelligence——AI-Dog “Smart Dog” dominates next Generation of Internet Digital economy——The new territory of the economy.The whole ecosystem of plus token is expected to be a leader in the tide of this era.

2.Disclaimer

(1) the document is used only to convey project information and does not constitute an opinion on buying and selling digital assets.

(2) any similar proposal or recommendation will be made under a credible provision and as permitted by applicable relevant law, and the above information or analysis does not constitute an investment decision or a specific recommendation.

(3) this document provides that all information is authentic and reliable, and cannot be used for decision-making, for reference.

(4) in addition, those who didn’t correctly use the plus Token, such as the loss of her purse private key, is likely to lose all of the right to use plus Token, may even risk losing their plus all the digital assets in the Token.

Note: the user’s digital asset storage and transactions are recorded on the account books of the block chain network, rather than on the plus Token server. Only those who master the private key can control it.

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