Blockchain’s first real gold exchange linked to offline stores

Whitepaper ver. 1 .0.1 (ENG)

T H E B E S T W A Y T O I N V E S T I N G O L D

Blockchain’s first real gold exchange linked to offline stores

GSC Whitepaper ver. 1.0.1

02<<<

Why Gold?The first real gold trading platform in the blockchain industry - GSCCore technology - own blockchain technology “CASTLED”

Service ArchitectureKey feature of GSC

Gold Sky Castle Coin (GSC)

Contents

01

02

03

04

05

06

07

08

03

05

10

12

13

15

16

17

Abstract / GSC Possibility of development as a key coin

Gold Sky Castle / GSC

GSC Platform Solution

GSC Wallet

Expectation

Token Economy

Roadmap

Legal Disclaimer


03<<<

01 Abstract

For thousands of years, gold has been the primary store of value for individuals and nations. Gold has mineral properties, that is, immutability. Thus, it has been used as a tool to accumulate wealth efficiently unlike assets that belong to specific countries or have a limited value only in a specific location such as currency, coins, etc. It is already known to everyone that fiat currency, which is indispensable for capitalism, also started from gold. Even if fiat currency was overused due to excessive human desire, the chaos could be quickly put to rest because of the standard real currency, gold, which allowed capitalism to develop to its present form.

Gold has various properties in addition to its monetary value. Among these, the most powerful attribute is ‘strength’. The historical shift in hegemony proves it. When Britain‘s gold holdings bottomed out due to World Wars I and II, the financial market shifted from Britain to the United States. At this time, the United States increased the number of dollar holdings by exchanging dollars for gold through the Bretton Woods system and dollars was established as an international currency. As a result, it was able to solidify its power by receiving seignorage (the profit after subtracting the manufacturing and distribution costs of money from the face value of money) from all countries that traded the US dollar as a key currency.

However, compared to its long history, the development of the gold trading industry and

Gold is money, everything else is credit.- JP Morgan

Abstract01GSC Possibility of development as a key coin


04<<<

01 Abstract

gold trading system has been slow. In gold trading, the stored quantity and ownership are still checked by an analog method, and ethical standards are unclear in the industry. In addition, the slow pace of development compared to other investment methods is also one of the factors hindering industrial development because the market is structured with a focus on simple ‘transactions’ in that gold holders may sell their gold, or cash holders may purchase.

Gold Sky Castle (hereinafter referred to as GSC) solves the above problems through an on/offline trading platform that utilizes real currency gold and blockchain technology. With high ethical standards, modern communication, high-level blockchain technology that is immutable, secure, and is created and managed in a way of decentralization, and a large network of stores that follow standardized operating principles and ethical standards, it will become an online and offline platform providing benefits to buyers, sellers, goldsmiths, investors and traders.

GSC also helps gold holders use their gold as a form of money. It provides a methodology to access gold in actual through investment without the burden of storing and securing gold itself, while providing a utility that can be used as an unchanging form of payment anywhere in the world, including in the digital realm.

GSC Coin, a virtual currency developed by GSC, is a tokenized expression of ownership of gold certificates, and serves as a value proving that the rights of owners can be guaranteed by the distributed ledger represented by blockchain technology.

GSC aims to overcome the transitional limitations of the gold trading ecosystem by bringing experts together from various fields such as the traditional gold trading market, precious metals industry, digital finance, law, and blockchain technology. In addition, GSC aims to become a starting point for creating synergy between blockchain-based currency which is the virtual currency and the real asset, gold. Through this, various stakeholders in the gold trading market and precious metals market will be able to pursue their respective benefits to the maximum in the GSC key trading ecosystem. Through the fusion of gold, a powerful real asset, and various technologies that increase the utilization of investment assets through it, the professional investment system will be universalized to achieve symbiotic development with all platform participants.


05<<<

02 Gold Sky Castle

Gold Sky Castle02GSC

1. Why Gold?

No other asset is more closely related to the holding, exchange and preservation of value than gold. For thousands of years, people have relied on gold as a stable store of wealth and a symbol of power. Real gold is an ideal means of mitigating losses during economic downturns and crises because it does not entail counterparty risks (risks caused by the counterparty’s repayment and default of settlement obligations) caused by the transaction party.

Gold is one of the most effective assets to diversify risks, especially as it can serve as a hedge against the rising valuations and downside risks of inflation in various global asset markets. Since investors depend on real gold during times of market uncertainty, the more risky assets there are in the market, the higher the demand for gold. For this reason, gold has not only provided stability and diversification within portfolios, but has also provided profits than major asset classes in long-term investment strategies that is proved in history.

The role of gold in the electronics industry also ensures rapid growth in the demand for gold as a whole. As an industrial metal, gold is in an indispensable position based on its unique properties. Gold is essential in high-tech fields such as electric vehicles, autonomous vehicles, IoT, clean energy, and semiconductors, and this demand will continue to rise until alternative means of transportation or energy that exceed existing levels are developed. To meet increased demand, the output of global mining has risen to an all-time high in the past 30 years. However, as exploration and production costs soar and the pace at which new gold reserves are discovered decreases, supply through the global mining industry will decrease in the long run, which will increase the scarcity of gold and contribute to rising prices.

This is why the GSC project focuses on real gold. Gold is not directly controlled by the central bank or government and is not affected by inflation and monetary policy. This is because the central bank can print money but cannot print gold. Thus, it is almost independent from a particular currency. This aligns with the ideology of decentralization and decentralization of power advocated by the Fourth Industrial Revolution, providing us with a new paradigm. For this reason, the GSC project took “gold”, an asset with such stability and risk mitigation functions, as its business model. GSC is attempting digitization/tokenization by filling in the void by utilizing the characteristics of gold in the rapidly buying/selling and volatile digital asset market. GSC take it as a basic value to distribute the benefits derived from this equitably with stakeholders.


06<<<

02 Gold Sky Castle

The use of GSC Coin

Foundationowned

Gold Bank

Business area

Business model

- Offline gold exchange - Gold vending machine- Real gold-based financial services- GSC Pay- GSC Wallet

- Trading GSC Coin in real gold owned by the Foundation.- Expansion of payment ecosystem with GSC Pay- Franchising offline gold exchanges- Securing Global Operational Rights for Gold Vending Machines

2. The first real gold trading platform in the blockchain industry - Gold Sky Castle

GSC aims to become the first real gold trading platform in blockchain industry. While other existing projects have moved with only virtual assets issued without real objects, GSC conducts business based on real-life exchanges in which real gold and real-life funds owned by the foundation are traded. In other words, the GSC Coin held by the user is entitled to be exchanged for real gold at GSC Exchange or gold vending machines under Smart Contract. At this time, the means to connect GSC Coin and real gold at a certain ratio is the blockchain technology. With the use of Smart Contract among blockchain technologies, users can digitally perform guarantees and qualifications for real gold. You can use the GSC platform in the form of finding, depositing, or reinvesting real gold that has been granted rights through the GSC platform’s Smart Contract. By the blockchain system “CASTLED” developed by the foundation, the validity and scope of the contract are determined and real gold are guaranteed. Initially, this contract will be recorded on the Ethereum blockchain explorer through ERC-20, but in the stage of business expansion, it is set as the second step of development to enhance stability and maintain fast processing speed by self-technicalizing it.

GSC Coin issued by the foundation can also be used to purchase products/services from


07<<<

02 Gold Sky Castle

various stakeholders and business partners linked to the platform. The scope of benefits of this payment method increases as the GSC platform takes over by implementing the GSC Coin fund trading ecosystem. Economies of scale work here as well. The more stakeholders participated, the more users of the platform, the higher the scope and discount rate of benefits, and the lower the fees, management costs, and risk-taking costs. Increasingly, this will lead to the franchising of offline gold exchanges, and the way goods and services, including real gold, are paid in GSC Coin will become commonplace. This method uses its own payment service called GSC Pay, and the payment system is being developed at the same time as the foundation was launched with GSC Blockchain Wallet.

The GSC Ecosystem, created by the collaboration of strong real asset gold, security-resistant self-blockchain technology, and the foundation‘s expertise, is characterized by free deposit and withdrawal of values that are not restricted by the state, risks controlled through smart contracts. Together with the synergy brought about by the coexistence of capital and technological capabilities, it will establish itself as a strong business model by adding seignorage generated through issuance of GSC Coin.


08<<<

02 Gold Sky Castle

“CASTLED” SDK, API, CLI

Gold Sky Castle Blockchain Layer

Identity Blockchain TransactionSmart

Contracts

Blockchain ServicesPolicy Services

Identity Services

Ledger Identities

Resource Identities

Configuration Secure Container

Access Control Registry

Privacy Life Cycle

Event Stream

Policy

Consensus Manager

Distributed Ledger

P2P protocol

Ledger Storage

Smart Contract Services

3. Core Technology - Self-blockchain Technology “CASTLED”

Transparent transactions are essential to provide benefits to both sellers, buyers, and recommenders. Transactions through Smart Contract, the core of blockchain technology, leave all records transparently, so it is essential for implementing such a system. All transactions that need to guarantee ownership or move real gold assets within the GSC platform are created, recorded, and preserved by Smart Contracts on the technological platform.

(1) Implement a reliable and transparent gold transaction ecosystem with Smart Contract

[Design layer of personal information protection using GSC’s blockchain system “CASTLED”]


09<<<

02 Gold Sky Castle

Digital assets used for physical transactions and Smart Contracts used for transferring ownership are all constructed differently and with different computing languages. It is physically impossible to link them directly one by one, and it takes astronomical time, even if it is possible theoretically. GSC utilizes its own technology to enable a platform for integrating value assets technically. Blockchain technology is essential for companies with gold assets and gold certificates to convert their assets into the GSC platform. GSC seeks technological integration by preventing misuse in the conversion process of assets and addressing double payments and completeness issues, thereby introducing new technology standards to the industry.

(3) Implementation of ownership guarantees and gold trading systems through proprietary technology

Gold is a very expensive product, and the purity and source of gold are still protected by various certificates. Therefore, digitizing this requires enormous security skills and financial knowledge. The GSC platform is designed on the basis of building a security system that is the same as or meets the required standards as financial institutions in accordance with enhanced DID financial security standards. Many of the institutions that purchase gold as investments are banks, insurance companies, and other financial institutions, which spend huge amounts on security every year, so it is also essential for the GSC platform to meet industry requirements by utilizing blockchain technology to attract them to players. Therefore, the system design of the GSC platform was based on its own blockchain technology designed beyond the financial security standard.

(2) Meeting the needs of financial institutions for data protection and security

The updateability of the “CASTLED” Smart Contract provided by GSC is achieved by interoperating systems built by grouping individual contracts. ZeppelinOS proxy pattern9 allows users to update/upgrade GSC platform solutions and business logic over time while providing an immutable Smart Contract address to communicate within the platform. By default, Smart Contract includes five types: GSC Proxy, GSC Implementation, Blacklisted External Managed Storage Contract, and Whitelisted External Managed Storage Contract.


10<<<

03 GSC Platform Solution

G O LD S K Y C A S T LE Plat for m

“Certificated”Pure Gold

GSC 기축 GOLD

ECOSYSTEM

“Tokenized” Assets

Stake-holder

Investor

Customer

Miner

Retail gold buyers

Institutional gold

Traders

Cross asset Traders

Wallet / Pay GSC Coin

GSC Exchange GSC Vending Machine

GSC Platform Solution03

1. Service Architecture

Gold, a physical metal, has a disadvantage that the more units are split and traded, the lower the value of certification. If it is digitally traded, it enables minority transactions smaller than an ounce, such as blockchain exchanges. GSC leverages these benefits to help reduce overhead during gold transactions and efficiently retain and manage small units of gold trading and investment by users. Transactions are made immediately and ownership transfer is based on the speed of Smart Contract through asset transfer, which allows the transaction party risk to be overcome. The digitalization mechanism also enables full support with real gold at any time and enables various financial services.

Taking advantage of these advantages, GSC provides a variety of services through the GSC Platform that support gold deposits and digitized gold transactions. Various tokenized and digitized payment solutions and services are cost-effective, value-efficient, and can integrate with existing banking platforms and state-of-the-art IT industries to generate synergy. Digitalization, asset trading, financial services, and settlement solutions are driven in the way expressed in the service architecture, which brings symbiotic development of the GSC fund trading ecosystem.

[Overview of GSC’s Service]


11<<<

03 GSC Platform Solution

TraditionalGold Assets

Markets

Digital Assets Markets

2. Key feature of GSC

Stakeholders who participated in the GSC platform can enjoy a variety of GSC-linked products and services, including real gold, based on GSC Coin, which utilizes certificates verified through Smart Contract.

Existing gold transactions were based on mutual trust between the parties to the contract. Therefore, it often caused various negative issues. However, through the trading solutions provided by the GSC platform, a safe trading environment that is not based on trust is guaranteed for users.

The GSC provides 100% real gold support through certificate in the GSC Foundation’s inventory, so it has the possibility of continuous expansion.

The amount of gold pegged by GSC Coin can be checked at any time. In addition, the Wallet balance and transaction details of each account are transparently recorded through Smart Contract.

GSC provides the first real gold exchange solution in Korea. This includes offline gold exchange franchises and gold vending machines. This allows platform participants to reduce constraints depending on location or situation and focus on the nature of transactions.

(1) Transition to various GSC-linked products/services

(2) Trustless-based transactions

(3) Extensibility

(4) Real-time Audit

(5) Providing Korea’s first blockchain-based real gold exchange solution


12<<<

04 GSC Wallet

Ethereum Wallet Ops

Custody System

GSC Wallet

BURN ADDRESS CERTIFICATE

CERTIFICATE

GSC Wallet04

GSC‘s overwhelming blockchain technology can also be found through the Cryptocurrencies Wallet. “GSC Wallet” provides real gold trading, QR certification and financial services based on GSC Coin being held as well as deposit, withdrawal and transfer of GSC Coin. GSC Wallet is designed so that even users who have no knowledge of technology can use it at the level of using general mobile payments according to the analysis data for customer experience accumulated by the UI / UX expert group for many years, and the necessary functions are selected according to the characteristics of various stakeholders. Thus, an algorithm to determine the priority of exposure is applied.

One feature that is distinctly different from other blockchain wallet apps is the support of “GSC Pay”. Beyond Wallet 1.0, which was only used for deposit and withdrawal functions of cryptocurrency, and Wallet 2.0 including staking and investment functions, it provides stakeholders with Wallet 3.0 which supports real-time payment of various products and services including real gold, and user authentication when using a vending machine.

Initially, when the virtual currency erc-20 is transmitted through the Ethereum wallet, the GSC Wallet receives the authentication information of the Custody System linked to the real gold inventory from the Ops (Open profiling system; standard for personal information exchange) inside the GSC Wallet System. With the authentication, it allows access to the information of holding gold of GSC Wallet.


13<<<

05 Expectation

IndividualInvestors

Institutional Investors

Cross Asset TraderArbitrageurs

Market Makers

DIGITAL ASSETSEXCHANGE

Expectation05

Various stakeholders such as companies, investors and consumers participating in GSC’s business ecosystem can expect the following benefits. In addition, when the GSC-based ecosystem is established and exerts a good influence in all fields of the gold trading industry, we can expect the following effects.

1. Secure storage of value

Historically, gold has been established as the most effective store of value as a hedge against various risks such as volatility and inflation of fiat currencies and as a value-stable asset. GSC brings gold guaranteed by institution into the blockchain technology and virtual currency ecosystem, helping digital asset investors leverage the benefits of gold investment which is proven historically.


14<<<

05 Expectation

Stakeholders participating in the GSC platform can enjoy various GSC-linked products/services including real gold based on GSC Coin that utilizes certificates verified through Smart Contract.

While other gold-related products, such as ETFs and KRX, set fees for storage and management of gold, GSC provides benefits to traders by dividing them by grade and minimizing them.

(1)

(1)

(2)

(2)

2. Aspects of Gold Trading Institution

3. Aspects of Cross Trader

4. Effective diversification of portfolio

GSC differs from other popular gold products in two ways, which can provide strong trading incentives for institutions that trade gold.

Most investors do not trade only one type of asset. GSC offers these cross-asset traders the following benefits:

The portfolio of the virtual currency market and digital asset market is very sensitive to volatility and market correlation, so the approach must be different from the existing financial market. We solved this problem by configuring the price of GSC Coin to fluctuate with spot gold. The price fluctuates with gold, a value-stabilizing asset, allowing stakeholders to trade GSC in a way that accesses traditional financial markets.

Make GSC a good product to trade from both statistical and pure arbitrage perspective. Through the know-how of product composition by the financial expert / quant group within the foundation, it can provide benefits to traders by connecting the traditional financial market and digital asset market and allowing liquidity at the institutional level.

Configure a platform to enable indirect transactions based on GSC Coin for traditional gold products such as KRX, GLD, XAU, COMEX / CME


15<<<

06 Token Economy

Distribution Control Policy

Policy of GSC utilization

Name

Symbol

Type

Total issued

Sales

Foundation Reserved

Development

Private Sales

Marketing

Team

Advisor, Contributor

Gold Sky Castle Coin

GSC

ERC-20

1,000,000,000 GSC

100,000,000 GSC

600,000,000 GSC

80,000,000 GSC

70,000,000 GSC

50,000,000 GSC

70,000,000 GSC

30,000,000 GSC

Key currency of GSC’s own platform (Game, Shopping, Wallet, Finance, etc)

Various payments through GSC Pay

Purchasing real gold through offline gold exchanges and gold vending machines

20-30% of the company’s operating profit will be used for GSC buyback → future incineration

Incinerate a part of GSC Coin recovered through the offline gold exchange (protection of investor with a variable ratio according to performance)

•

•

•

•

•

Token Economy06

Gold Sky Castle Coin (GSC)

1. Publication information

3. Policy of usage and distribution of GSC Coin

2. Distribution of GSC Coin (excluding sales)


16<<<

07 Roadmap

2020. 4QGSC foundation launched

2020

- Develop wallets that can be used on the AppStore

2021. 1Q

2021. 3Q

2021. 2Q

2021. 4Q

GSC listing(medium-sized domestic exchange)

- Expansion of listing of large domestic exchange

- Development of payment case in GSC platform solution

- Review of Self-platform development technology and

development of mainnet solution

Real gold exchange open

2021

2022. 1Q

2022. 4Q

2022. 2-3Q

Expansion of offline stores (mainly in metropolitan cities,

directly managed stores)

Enter the global market (Southeast Asia, Middle East)

Import and export of gold vending machine and Expansion of franchise

2022

2023. 1-2QListed on KOSDAQ

2023

Roadmap07

GSC’s ROADMAP


17<<<

08 Legal Disclaimer

Legal Disclaimer08

Please read this section and the sections below carefully. The sections are “Disclaimer of liability”, “Disclaimer of re¬presentations and warranties”, “Your representations and warranties”, “Notice on forward-looking statements”, “Market and industry information and no other agreements”, and “Advices and Complaints”, “No Additional Information or Updates”, “Restrictions on Distribution and Disputes”, “Breaking of Securities or Registrations” and “Risks and Uncertainties”.

If you have any questions about the action you should take, you should consult your legal, financial, tax or other professional advisor.

GSC Coin is not intended to constitute securities in any jurisdiction. This white paper is not any kind of a guide or proposal and is not intended to constitute an invitation in securities of any jurisdiction or invitation of investment.

This white paper does not constitute opinions according to the proposal or request of the distributor/seller of GSC Coin to purchase or sell GSC Coin. In addition, this white paper should not be related to any contract or investment decision by the distributor/seller of GSC Coin (hereinafter referred to as the “distributor”), or the fact of its part or its indication.

The Distributor is an affiliate of GSC (“GSC”) and distributes all proceeds from the sale of GSC Coin to support GSC’s projects, businesses and operations.

Based on this white paper, no legal commitments that is binding can be made in relation to the sale and purchase of GSC Coin, and no digital assets or other forms of payment can be accepted.

In relation to the sale and purchase of GSC Coin, all agreements with you as a distributor and a buyer (as mentioned in this white paper) are only made in a separate document stipulating the terms and conditions of the contract (hereinafter referred to as “GSC”). managed.

In case of any discrepancy between the GSC and this White Paper, the former will take precedence. No regulatory authority has investigated or approved the information set out in this white paper. No such action has been and will not be taken under the laws, regulatory requirements and laws of the jurisdiction. The publication, distribution or dissemination of this White Paper does not imply that any applicable laws, regulatory requirements or rules have been complied with.

There are risks and uncertainties associated with GSC and/or its distributors and their businesses and operations (as each referred to in this white paper), GSC Coin, GSC Initial Token Sale, GSC and its electronic wallet. No part of this white paper is reproduced or distributed unless it contains articles entitled in “Disclaimer of liability”, “Prohibition of representations and warranties”, “Your representations and warranties”, “Notice


18<<<

08 Legal Disclaimer

on forward-looking statements”, “Market and industry information and other consent without including the sections entitled “None”, “Advice and Complaints”, “No Additional Information or Updates”, “Restrictions on Distribution and Dispute”, “Breaking of Securities or Registration” and “Risks and Uncertainties”.

Disclaimer of liability

GSC AND/OR DISTRIBUTORS SHALL NOT BE LIABLE FOR ANY LOSS THAT IS INDIRECT, SPECIAL, INCIDENTAL, OR CONSEQUENTIAL, TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAWS, REGULATIONS AND RULES. In addition, GSC AND/OR DISTRIBUTORS is also not responsible for torts or contracts related to or caused by the matters specified in this white paper (including, but not limited to, damages to sales, income, profits and damages in use or data)

Disclaimer of representations and warranties

GSC and/or its distributors make no representations, warranties or promises in any form to any entity or individual, including any representations, warranties or undertakings with respect to the truth, accuracy and completeness of the information contained in this white paper.

Your representations and warranties

By accessing or accepting ownership of the information in this White Paper or any part thereof (as the case may be), you represent and warrant that GSC and/or its distributors:

- You agree and acknowledge that GSC Coin does not constitute securities in any form in any jurisdiction.

- You agree and acknowledge that this white paper does not constitute a prospectus or proposal of any kind, and is not intended to constitute a solicitation offer for investment in any jurisdiction or securities, and you have no obligation to enter into any contract or legally binding digital asset and no other payment method will be accepted on the basis of this White Paper.

- You agree and acknowledge that no regulatory authority has investigated or approved the information set forth in this White Paper, and no such action has been and will not be taken under the laws and regulations related to the requirements and jurisdiction of the issue of this White Paper, and distribution or dissemination does not imply that any applicable laws, regulatory requirements or rules have been complied with.


19<<<

08 Legal Disclaimer

- You agree and acknowledge that GSC Coin, GSC Initial Token Sale, and GSC and GSC Wallet are not construed or regarded as showing the merits regarding this White Paper, i.e. GSC and/or Distributors, for the initiation and/or completion of the GSC Initial Token Sale, or for future transactions of GSC Coin for digital asset exchange (respectively as referred to in this White Paper).

- Distribution or dissemination of this White Paper, any part or copy of the White Paper, or the same content as accepted by you is not prohibited or restricted by the applicable laws, regulations or rules of your jurisdiction, and If any applicable limitations apply, you will be responsible for all such limitations at your own risk, without liability to GSC and/or its distributors.

- If you wish to purchase GSC Coin, you acknowledge and agree that GSC Coin cannot be interpreted, understood, classified or treated as follows.

• Any kind of currency other than digital assets.

• Bonds, stocks or shares issued by any person or entity (GSC and/or its distributors);

• Rights, options or derivatives in respect of such bonds, stocks or interests;

• Rights under other contracts for the purpose (or pretending to be) to secure a profit or to avoid a loss;

• Unit of collective investment plan

• Unit of business trust

• Derivatives of business units in business trusts

• Other securities or securities

- You are fully aware and understand that you are not eligible to purchase GSC Coin if you are a citizen, resident (tax or otherwise) or permanent resident of the United States, or a Singapore citizen or resident.

- You must have a basic understanding of digital assets, blockchain-based software systems, digital asset wallets or other related token storage mechanisms, the operation, functions, use, storage, transfer mechanisms and other important characteristics of blockchain technology and smart contract technology.

- If you wish to purchase GSC Coin, you are fully aware of the risks associated with GSC and its distributors, their businesses and operations, GSC Coin, GSC Initial Token Sale and GSC Electronic Wallet (each as referred to in this white paper).

- You agree and acknowledge that GSC and/or its distributors are not liable for any indirect, special, incidental or consequential loss and any tort or contract (including but not limited to damages in your use or data for sales, income, profit)


20<<<

08 Legal Disclaimer

arising out of or in connection with your acceptance or reliance on this White Paper or any part thereof.

- All of the above representations and warranties are true, complete, accurate and not misleading from the time you own or accept possession of this White Paper or (as the case may be) any part thereof.

Notice regarding forward-looking statements

Any statements or press releases contained in this White Paper or statements made publicly available in any publicly accessible location and oral statements by GSC and/or its distributors and any officers or employees (as the case may be) of any company acting on their behalf are considered “forward-looking statements” and not statements of historical facts. Some of these statements may be identified in forward-looking terms, such as: “target”, “goal”, “anticipate”, “believe”, “possible”, “predict”, “expect”, “if”; “Intention”, “Probably”, “Plan”, “Possible”, “Promising”, “Project”, “Should”, “I will”, etc.

However, these terms are not the only means of identifying forward-looking statements. All statements regarding the financial position, business strategies, plans and prospects of GSC and/or its distributors and the prospects of the industry in which GSC and/or its distributors are located are forward-looking statements. Forward-looking statements, including, but not limited to, statements about GSC and/or its distributors’ sales and profitability, prospects, future plans, other anticipated industry trends and other matters discussed in this white paper pertaining to GSC and/or its distributors is not a fact of the past, just a prediction

These forward-looking statements contain known and unknown risks, uncertainties and factors that could cause actual results in the future or results and performance of GSC and/or its distributors to differ from those anticipated. These factors include:

- Changes in the political, social, economic and stock or digital asset market conditions and regulatory environment in the countries in which GSC and/or its distributors conduct their respective businesses and operations;

- Risks that GSC and/or its distributors may or may not be able to execute or execute their respective business strategies and future plans

- Changes in interest rates and exchange rates for fiat currencies and digital assets

- Changes in projected growth strategies and internal growth projections of GSC and/or distributors;

- Changes in availability and fees payable by GSC and/or its distributors in connection


21<<<

08 Legal Disclaimer

with their respective businesses and operations;

- Changes in the availability and salaries of employees required by GSC and/or its distributors for their respective businesses and operations;

- Changes in customer preferences of GSC and/or distributors

- changes in the conditions of competition operated by GSC and/or distributors and changes in the ability of GSC and/or distributors to compete under those conditions;

- changes in future capital needs of GSC and/or its distributors and changes in the availability of capital and financing for such needs;

- International or domestic wars or acts of terrorism

- Occurrence of catastrophes, natural disasters and acts of God affecting the business and/or operations of GSC and/or its distributors;

- Other factors beyond the control of GSC and/or its distributors;

- Risks or uncertainties related to the business and operations of GSC and/or its distributors, GSC Coin, GSC Initial Token Sale, GSC and Electronic Wallet (refer to the white paper, respectively);

Any forward-looking statements made by GSC and/or its distributors or persons acting on their behalf are expressly limited by these factors. Given the risks and uncertainties that may cause the performance and performance of GSC and/or its distributors different from those expressed and expected in the forward-looking statements set out in this white paper, you should not place undue reliance on these statements. These forward-looking statements apply only as of the writing date of this white paper.

Neither GSC nor its Distributors or any other person represents, warrants or assumes any liability whatsoever that GSC and/or its Distributors’ actual future results, or performance will not be discussed in these forward-looking statements.

Actual results, performance of GSC and/or its distributors may differ materially from those set forth in these forward-looking statements.

This white paper does not contain any representation or promise to the future performance or policies of GSC and/or its distributors. Further, GSC and/or its distributors undertake no obligation to publish publicly or update any of these forward-looking statements to reflect future developments, events or circumstances, even if new information becomes available or other events occur in the future.


22<<<

08 Legal Disclaimer

No market and industry information and other consents

This white paper contains market and industry information and forecasts obtained from market research, publicly available information and industry publications, as well as internal research, reports and research (where appropriate).

Such research, reports, research, market research, public information and publications generally state that the information they contain has been obtained from sources believed to be reliable, but there is no assurance as to the accuracy or completeness of such information.

Except for GSC, its distributors and the directors, officers and employees of their respective companies, no one has consented to the inclusion of their names and/or other information perceived to be attributed to them in connection with the White Paper.

No representations, warranties, or performance are made or claimed to be made by such individuals as to the accuracy or completeness of such information, and such individuals are under no obligation to provide the same updates.

Restrictions on Distribution and Disputes

Distribution or dissemination of this White Paper or any part thereof may be prohibited or restricted by laws, regulatory requirements and rules of jurisdiction. If any restrictions apply, you shall do it at your own expense for any restrictions that apply to your possession of the White Paper or any part thereof, and it is notified that the responsibility lies with you, but not with GSC and/or its distributor, and you must comply with this.

An individual to whom a copy of this white paper has been distributed or disseminated to provide access to the white paper, or who has a proprietary white paper shall not disseminate the white paper to others, or shall not reproduce / distribute the information contained in this white paper for any purpose or allow or cause it to happen.

Blockchain’s first real gold exchange linked to offline stores

Documents

Transcript of Blockchain’s first real gold exchange linked to offline stores