Contents of the Whitepaper​

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The Whitepaper shall include the following:

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• Reason behind the initial offer

• Technical description of the protocol, platform & application & their benefits

• Sustainability & scalability of project

• Challenges, risks & mitigating factors

• Description of issuer, agent, development team, advisors & other service providers

• Issuer’s wallet/s used

• Security safeguards

• Life cycle of the initial offering & proposed   project

• Past & future milestones & project financing

• Target investor base

• Exchange rate of the cryptocurrency

• Underlying protocol’s interoperability with other protocols

• How funds raised through initial offer will be allocated

• Amount of issue

• Total number of cryptocurrencies to be issued and their features

• Distribution

• Consensus algorithm (where applicable)

• Incentive mechanism and any applicable fees

• In case of a new protocol, the estimated speed of transactions

• Any applicable taxes

• Any soft cap & hard cap

• Period during which the offer is open

• Any person underwriting or guaranteeing the offer

• Any restriction on the free transferability of  cryptocurrency & the exchange/s to be traded on

• Methods of payment

• Notice that investors will be able to get back contribution if soft cap is not reached

• Notice on risks

• Procedure for the exercise of any pre-emption rights

• Smart contract/s if any, protocols, costs, restrictions, auditors

• Program agents used to obtain data & verify occurrences from smart contracts

• Bonuses to early investors

• Period during which voluntary withdrawals are permitted by smart contracts

• Issuer’s adopted white-listing & AML & CFT  procedures in terms of PMLA

• IP rights

• Any time-limits for delivery of cryptocurrency.