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WHITE PAPER

Comprehensive Service Platform of Digital Assets

Forging the World’s Leading

Dark Pool Trading System Service Provider

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Contents

1. Brief Introduction ................................................................................................................................ 3

1. The Ecosystem of Fund Token ................................................................................................... 3

2. Fund Token’s Mission and Vision .................................................................................................. 5

2. Technical Advantages ......................................................................................................................... 6

1. Multi-Encrypted Safe Storage Technology ............................................................................. 6

2. Pioneer in Dark Pool Trading System ........................................................................................ 6

3. The Schematic Design of Fund Token ....................................................................................... 7

4. FTcoin’s Technical Framework ................................................................................................ 11

3. Enterprise Introduction.................................................................................................................... 16

1. 【FTcoin】Company Profile ....................................................................................................... 16

2. 【FT Group】Operations Team ................................................................................................. 17

3. 【FTcoin】Parameter Introduction ........................................................................................... 18

4. Distribution Plan ............................................................................................................................ 18

5. The Blueprint of Fund Token ..................................................................................................... 19

4. Foundation ........................................................................................................................................... 22

1. The Role of Fund Token Foundation ...................................................................................... 22

2. The Principle of Fund Token Foundation ............................................................................... 22

3. The Goal of Fund Token Foundation ....................................................................................... 22

Risk Warning .............................................................................................................................................. 24

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1. Brief Introduction

Fund Token is a comprehensive digital assets service platform with one-stop secure storage and

management service for digital assets, consumption mining as well as payment services. As a com-

prehensive service platform for digital assets, Fund Token aims to provide more secure, convenient

and richer experience of using digital assets for tens of millions of investors. It is giving users more

capabilities and rights in this field, and thus enabling blockchain technology to be better integrated

into the lives of ordinary people.

Mankind is entering into an unprecedented digital living state. Subversive changes have been

made as the virtual world reconstructs the rules of the real world in the era of mobile internet. After

the era of blockchain 1.0 and 2.0, blockchain will enter the era of 3.0, that is, the era of token econ-

omy when digital economy will eventually serve the real industry. Fund Token, takes FTcoin as the

payment and circulation medium, has laid a strong foundation for the arrival of token economy

through the layout of comprehensive service platform of digital assets.

1. The Ecosystem of Fund Token

Fund Token, as a comprehensive digital assets service platform, consists of three main func-

tions: Fund Token storage capabilities, Fund POC consumption mining and the Fund STO Token

Ecosystem. Fund Token will apply the digital wallet as a super-entry of the blockchain technology in

the future to gather millions of users and then enrich their user experience with consumption mining

to increase user loyalty. Eventually, the FTcoin will be circulated in the form of token economy, so

that a win-win situation will be achieved between all users and the platform.

1.1. Fund Token’s Storage Function

Fund Token mobile digital wallet, aiming to achieve one-stop multi-currency storage services,

can store various cross-chain tokens such as BTC, ETH, DOGE, XRP, LTC, EOS, etc. It is simple

and handy to operate. Through hundreds of anti-pressure tests, its powerful anti-theft technology

maximizes the security of users' digital assets. Besides, the Fund Token mobile digital wallet

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provides users with a flash currency conversion function, which automatically selects the best ex-

change rate for each currency and completes the conversion within seconds. This instant transaction

with efficiency and transparency only requires one simple click. The Fund Token mobile digital wal-

let also offers an exploring zone where you can discover various decentralized applications and sup-

ports other popular blockchain DAPP applications in the community.

1.2. Fund POC Consumption Mining

Fund POC consumption mining and payment ecology is an extended distributed application

based on the wallet system. It is a consumption upgrade based on Fund Token’s storage, transfer,

payment and financial management functions. It also adopts fast and convenient flash payment func-

tion to support online and offline payment settlement, cross-system settlement and cross-region set-

tlement, bring users the latest ecological consumer payment experience in the era of digital assets.

Consumption Mining

1.3. Fund STO Token Economy

Fund STO will build up a decentralized business ecosystem by making FTcoin as the merchant

recognized cryptocurrency, and this could integrate digital assets with the commercial entities, re-

move the coin spending barrier, achieve world-wide recognition, improve the efficiency and

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transparency of offline services, blockchain technology and the ultimate goal of decentralization.

With the worldwide recognition, it would stimulate the consumption and promotion of FTcoin, as

well as economic growth, thus providing more efficient and valuable intelligent services for the ma-

jority of users and merchants and realize the blockchain technology transformation of business ser-

vices.

FTcoin token, a medium of token economy in the Fund Token platform, is an economic model

that allows more people to participate in the multi-industrial ecological construction of blockchain

technology.

2. Fund Token’s Mission and Vision

The mission of Fund Token is to construct the most robust infrastructure in the digital asset in-

dustry, provide the best, safer and faster services to digital asset enthusiasts, popularize the applica-

tion of blockchain technology in all walks of life to open up the whole field of blockchain life, and

lead the reform in the new era.

Fund Token applies digital wallets as the super entrance of blockchain technology to provide a

safe storage environment for digital assets. Its one-stop multi-currency storage and management ser-

vice will gather tens of millions of users and the user experience will be largely enriched by con-

sumption mining as well. FTcoin, as the guarantee certificate, will realize cross-industry consortium,

create a rich innovation space in cross-border zones, stimulate user consumption and promote the en-

thusiasm and creativity, thus boosting domestic demand, promoting economic growth and provide

more efficient, more valuable intelligent services to the majority of users and merchants. This will

help the token economy leverage the transformation and upgrading of the real industry, and ulti-

mately make the digital economy serve the real industry by jointly building the ecosystem, and even-

tually achieve the goal of comprehensive service platform for digital assets.

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2. Technical Advantages

1. Multi-Encrypted Safe Storage Technology

Fund Token encrypts the hot wallet, segregates the hot and cold end, and stores multiple cold

wallets in various places to form a multi-center cryptographic signature scheme. At the same time,

multi-signal P2SH and financial privacy BIP32 technologies are used to encrypt the transmitted data

information. On top of that, Fund Token also innovated multi-signature algorithms like rate limiting,

address whitelisting, web hooks, and so on, combining with financial process system and the ap-

proval authorization system to ensure the security of digital assets in all aspects and maintain the ef-

ficiency and convenience of the transaction process.

Fund Token is a multi-currency compactible decentralized wallet, it adopts SHA512-ZERO en-

cryption technology, independence private key plus dynamic verification code to ensure data security

for the Fund Token network. From researching, designing, testing and rectification to the launching

of Fund Token, it has been through four to five months and the system has undergone hundreds of

anti-theft tests to maximize the security of users' funds.

2. Pioneer in Dark Pool Trading System

The Dark Pool Trading System, also known as (Black Pool), is a system introduced by the

Goldman Sachs Group at the United States back in 2005. The main function of the system is to pro-

vide a private security, derivatives and financial instruments trading platform for both buyer and

seller to close deals at the designated trading price. It could avoid the market impact, reduce transac-

tion costs and increase trading volume at the same time. With the application of dark pool system

and addition of Chain Mechanism on Fund Token’s FTcoin, it could resolve the problem of insuffi-

cient community members and the lack of trading activities of FTcoin and promote a whole new

global trading behavior.

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3. The Schematic Design of Fund Token

In order to meet the needs of users and developers, Fund Token will be designed as a high-per-

formance underlying operating system with multi-assets cross-chain protocols and smart contracts.

The overall structure is shown below:

Cross-chain structure diagram

The design process is as follows:

1.With the Fund Token self-designed multi-chain wallet, users can import the wallet where the extra-

chain assets to be recharged (prove the asset ownership), the import process will be completely de-

centralized, and the user private key will not be recorded and tracked.

2.Top up the corresponding multi-signature managed wallet via the imported BTC, ETH or other

supported wallets.

3.The Super nodes on the Fund Token will monitor the refill transaction via the cross-chain protocols

and invoke the mapping asset contracts.

4.After the invocation contract is successful and irreversible, the mapped asset contract will transfer

the corresponding mapped asset to the user's Fund Token wallet.

5.Users can use these mapped assets to apply DAPP based on Fund Token.

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6.When the usage is over, users can recharge the mapped asset back to the mapped asset account to

obtain the rights to withdraw money for assets outside the chain.

7. When the privilege is met, the attestation node will initiate a proposal for the currency transaction.

When more than 2/3 of the cross-chain nodes are signed, the assets outside the chain will return to

the address of the user's withdrawal.

3.1. Cross-chain Protocol Plug-in

When designing the cross-chain agreements, transaction settlement is affected by differences

in underlying performance and time of release. For example, BTC takes nearly an hour to get confir-

mation for six blocks. If the user directly uses the DAPP, which is based on BTC, the efficiency will

lag behind that of DAPP based on EOS (the EOS outbound time is 0.5 seconds).

This is unacceptable to developers and users, so we introduced a multi-signature managed

wallet mechanism that helps users to lock assets outside the chain through cross-chain plug-ins and

issue equal amounts of mapped assets for Fund Token wallets during the lock-in period (Such as

DBTC, DETH). Based on the mapped assets of Fund Token, users will use DAPP on the chain more

conveniently, efficiently and fairly.

DAPP developers can use the Fund Token smart contract protocol that supports multi-chain

assets. In order to improve the system iteration efficiency, Fund Token adopts a plug-in organiza-

tional structure. On this basis, we have added a cross-chain plug-in to help users apply Fund Token's

DAPP with off-chain assets.

3.2. Multi-chain Wallet

When a large number of users use off-chain assets to recharge these multi-signature managed

wallets, there may be issues to accurately determine the source of the recharge. Therefore, in order

to improve the user experience and convenience of the Fund Token, we have designed a decentral-

ized wallet that supports multiple blockchain assets which means that the users can use the off-

chained assets like BTC and ETH through the multi-chain wallet as well as apply the premium

DAPP developed on the Fund Token chain.

3.3. Cross-Chain Consensus Mechanism

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How to maintain the security of these managed wallets? We have deployed a new dimension

to the high-performance DPOS+BFT consensus mechanism, which is the cross-chain node proof

mechanism. All of the FTcoin holders will vote for these cross-chain nodes, and the highest scoring

cross-chain node will be the target of a multi-signature managed wallet.

To prevent unethical behavior, the cross-chain node must lock the equivalent FTcoin;

To ensure the stability of system operation and maintenance, cross-chain nodes will only re-

ceive the rewards after the completion of maintenance tasks.

Therefore, there are three types of nodes on the Fund Token:

Super Node

The FTcoin holders from the whole network are elected via the DPOS consensus mecha-

nism. The super nodes provide bandwidth and log storage (disk), computing power, computational

storage (CPU) and state storage (RAM) for the entire network. Holders can vote for the super node

in each period (about one minute).

Candidate Node

A candidate node refers to a node participating in a super node election, including a super

node, a cross-chain node, and a node that is not yet selected as a super node. Candidate nodes are

always on standby and are ready when a super node or cross-chain node fails.

Cross-chain Validator

Manage multi-signal hosting accounts by maintaining the security of multi-signature man-

aged wallets, thus ensuring that off-chain assets are fully aligned with on-chain wallets.

3.4. Off-Chain Assets Recharge, Withdrawal & Underlying

Chain Interaction

As to the specific recharge and withdrawal processes, how do the nodes in the underlying

chains work and cooperate?

The underlying chain monitors the recharge process of the off-chain assets:

1.User sends a recharge transaction to the managed account；

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2.When the node is in the blocking state, the LSP program deployed on the node queries the trusted

block browser for the recharge transaction record of the managed account every 0.5 seconds, and the

cache is stored in local;

3.The LSP program queries the database on the node to determine whether the recharge record has

been initiated, and feedback to the LSP.

4.If the transaction has been initiated, it will be deleted from the local cache; if not, the LSP program

initiates a token transaction to the issuing contract.

Top Up Procedure

The underlying chain verifies the legality of the request for a coin withdrawal:

1.The user initiates mapping of the asset management contract to recharge the mapped asset, and the

BP receives the recharge request via the interceptor;

2.The super node receives the user's request for coin withdrawal (expressed as the user reloads the

mapped assets to the mapped asset management contract);

3.The super node detects the off-chain asset wallet bound by the user's Fund Token wallet according

to the type of coin users withdraw.

4. If the verification fails, the request for withdrawal will be discarded; if the verification is success-

ful, the request for withdrawal will be sent to the multi-signature module (maintained by the cross-

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chain node), and the multi-signature module initiates a genuine digital currency transaction to the

chain, and the cross-chain nodes will multi-sign this transaction;

5.After the multi-signature is successful, the managed wallet is transferred to the user and the user

reclaims their off-chain assets.

Withdrawal Request Verification Procedure

4. FTcoin’s Technical Framework

4.1. FTcoin Technical Panorama

The platform token, FTcoin’s technology panorama includes the basic network layer, the inter-

mediate agreement layer and the application service layer.

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Fund Token Technical Panorama

The basic network layer is composed of a data layer and a network layer, wherein the data layer

includes the underlying block data, related data encryption and time stamping technologies; the net-

work layer includes a distributed networking mechanism, a data dissemination mechanism, and a

data verification mechanism.

The intermediate protocol layer consists of a consensus layer, an incentive layer, and a contract

layer. The consensus layer mainly includes various consensus algorithms of network nodes. The in-

centive layer integrates economic factors into the blockchain technology system, mostly including

the issuance mechanism of economic incentives and the distribution mechanism, etc.; the contract

layer mainly includes various scripts, algorithms and smart contracts, which are the basis of the

blockchain programmable features.

The platform token, FTcoin’s application service layer is the most vital part of the blockchain

industrial chains, including various application scenarios and cases of blockchain technology, pro-

grammable currency, programmable finance and programmable society. The application layer is the

underlying technical architecture of the FTcoin application ecosystem. The open source and pro-

grammable application layer provide it technical support for establishing the global digital currency

application ecosystem.

4.2. FTcoin Open Source Agreement

Platform Token, FTcoin's Genesis block is a newly created public chain based on the Ethereum

Open Source Agreement blockchain. Users can conduct peer-to-peer currency transactions and in-

stant settlement, and conveniently convert trading assets (traditional currencies, electronic currencies

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and other forms of assets), which are as simple as sending an email, significantly reducing the risk

and fees of interbank transfers, especially international ones.

Different from the centralized network mode, the computers of each node in the P2P network

have equal status, and each node has the same network power, thus there is no centralized server. All

nodes share part of the computing resources, software or information content through a specific soft-

ware agreement. The wallet and P2P's unique open source network technology are of the core tech-

nologies that constitute the platform coin, FTcoin’s technology architecture.

Fund Token P2P Network Mode

Differences between The FTcoin agreement and the traditional bank SWIFT wire transfer

agreement: A traditional bank SWIFT transfer is subject to high fees and takes 3 to 5 days to com-

plete while FTcoin cross-border transfers can be achieved instantly.

FTcoin vs. Bitcoin: Based on FTcoin's conversion and transaction functions, all users on the dis-

tributed network can conduct peer-to-peer currency transactions and instant settlement. The Bitcoin

blockchain itself does not have trading functions. Its transactions depend on the trading platform.

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4.3. Asymmetric Encryption Algorithm

An asymmetric encryption algorithm refers to the use of public and private keys to encrypt and

decrypt data storage and transmission. The public key can be publicly released for the sender to en-

crypt the information to be sent, and the receiver can decrypt the received encrypted content by using

the private key. The public-private key pair has a long calculation time and is mainly used to encrypt

less data. Commonly used asymmetric encryption algorithms are RSA and ECC. FTcoin uses asym-

metric public and private key pairs to build trust between nodes.

4.4. Consensus

FTcoin follows open source protocols, so there are similar important steps for negotiating con-

sistency between distributed nodes. "Consensus" is the process by which the entire network agrees

on the same general ledger.

If everyone chooses completely unrelated verifiers, the network will not reach a consensus, and

the special version of the general ledger is the only correct general ledger. But in reality, people's

UNL lists are repeated, and this duplication leads to reliable verifiers reaching the same negotiation.

Every reliable system user wants the system to negotiate, and the verifier will choose the way

other verifiers trust, because they also want a negotiated settlement. Basically, all reliable system us-

ers work together to ensure that negotiations are achievable and sustainable. Of course, the lack of a

consistent consensus is easy to detect.

In a consensus, each node evaluates an offer from a particular peer group, known as the "se-

lected verifier." When running together, the selected verifier represents a subset that is trusted not to

collude with the fraud node to evaluate the offer. The definition of "trust" does not require a single

selected verifier to be trusted. Rather, these verifiers in the selection hope that they will not collude

with materials that are forwarded to the network.

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(Figure 11: The certifier proposes a transaction request - at the beginning of a consensus, nodes

work with different transaction request. Multiple rounds of proposals determine which transactions

are applied to the general ledger and which transactions need to wait for subsequent consensus)

Transactions that are not included in the agreed recommendations remain unchanged. They may

be considered in the next round of consensus.

(Figure 12: By consensus, the node agrees on the transaction request—the node applies the

agreed transaction request to the last verified ledger. Transactions not in this group may be agreed in

the next round)

Normally, a trade that does not pass a consensus will succeed in the next round. However, under

certain circumstances, the transaction will not achieve a consensus indefinitely. There is a situation

where the network adds a base fee and is more expensive than the transaction. If the future transac-

tion fee becomes lower to some extent, the transaction is likely to succeed.

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FTcoin provides a way to prevent transactions from happening indefinitely, ensuring that the

trading process takes place in a timely manner. The app needs to include the Last Ledger Sequence

parameter for each transaction. This guarantees that the transaction succeeds or fails in the specified

general ledger serial number (or before), thereby limiting the waiting time before the final transaction

result is obtained.

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3. Enterprise Introduction

1. Company Profile

Milton Capital Ltd. FT Group Ltd.

Milton Capital Co., Ltd. is a private equity fund and financial advisory company focused on

emerging Asian market investments. The funds are mainly raised from the reputable giant corporate

and family trust funds. The wholly owned subsidiary company, FT Group Ltd is founded in Florida,

USA. The primary objectives of FT Group Ltd is to expand the influences of enterprises in the econ-

omy of digital assets and blockchain technology, establish a clear orientation and vision to the user,

provide better, safer, more efficient and effective services and thus popularizing the application of

FTcoin in all industry.

The management boards of FT Group Ltd’s are formed by a group of members from different

countries who expertise in blockchain technology, security network, financial stocks, foreign ex-

change and banking services. They have 20 years of experience in related fields and never stop in in-

novating creative ideas with their new economy and blockchain philosophy. With their background

and experience, the FTcoin has established a strong foundation and allow it go globalization.

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2. 【FT Group】Operations Team

CEO Chiong Hanson CMO Dr.Shashikant Bamne

CFO Christine Non-Executive Director Kevin Closs

M·K Non-Executive Director Mario Mendoza

Head of Policy Academic Consultants Team &

Director of US Coins Chain Institute

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3. 【FTcoin】Parameter introduction

Name Fund Token Coin

Alias FTcoin

Algorithm DPOS

Blockchain Speed 15 Second

Proof-of-Work Pow+POS

Issuance 330000000

POS Interest 0%

Pre-Mining Yes

4. Distribution Plan

10%

10%

10%

10%

60%

Distribution Ratio

Ftcoin Foundation Ecosystem Community Activities IT Derpartment Market Circulation

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RATIO VOLUME DISTRIBUTION REMARK

10% 33000000

FTcoin Fund

Token Founda-

tion

Reward FTcoin for the project development and

expenses incurred from FTcoin's operational

(locked for 2 years)

10% 33000000 Ecosystem

FTcoin application ecological distribution,

FTcoin's application ecosystem

10% 33000000 Community Ac-

tivity For FTcoin pre-marketing and post-marketing

10% 33000000 IT Department

Used for the contribution of technical developers

in the development of FTcoin, reward FTcoin

tokens in return (locked for 2 years)

60% 198000000 Market Circula-

tion

FTcoin market circulation needs, FundBox in-

come distribution, currency exchange channel,

market consumption settlement tool

5. The Blueprint of Fund Token

Fund Token System preparation phase（2018-3）

Fund Token System Platform Development

Fund Token Technical infrastructure foundation

Fund Token Smart contract cross-chain protocol implementation

Fund Token Technical performance test

FundBox Link debugging, smart trading trial

FTcoin’s application evaluation

Fund Token System Development phase 1.0 FundBox Smart system activation（2018-11）

Fundtoken APP evaluation online

Construct FundBox Income System

Form FTcoin circulation fundamentals and user groups

100 lucky users worldwide, millions of rewards

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Fund Token Development Phase 2.0 Consumption in Mining 1.0 Mode（2019-01）

The world's first consumption in mining and intelligent vending machine launched

The consumer computing system created, the more you spend, the more profitable it will be

Online consumer system link, one-stop shopping channel

Launched fund token cross-border payment system

Fund Token Development Phase 2.0 - Consumption Mining 2.0 Model (2019-06）

Online-Offline spending and merchant payment launched

Created black pool trading system and chained mechanism to boost member activity and in

creased trading volume

Fund Token Development Phase 3.0 Launched Global 100 Pass（2020-06）

Integration of industry partners and launch industry certification to achieve full circulation of

FTcoin

Fund Token Development Phase 3.0 Launches Global Public Chain Technology Upgrade

(2021-06)

Forge a digital asset exchange with FTcoin as the landing application scenario

The comprehensive service platform of digital assets achieved

4. Foundation

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1. The Role of Fund Token Foundation

The Fund Token Foundation (hereinafter referred to as the “Foundation”) is established in the

United States and is the highest authority of Fund Token. The Foundation is committed to the devel-

opment, operation, and maintenance of Fund Token to ensure the safety and harmonious develop-

ment of the Fund Token Eco- Platform. To avoid incidents that violate the blockchain design philos-

ophy, the Foundation will help manage the general issues and privileges of community projects by

developing good governance structures and systems.

2. The Principle of Fund Token Foundation

The Fund Token Foundation has three structural principles

Manage separately to develop the Fund Token system platform and applications.

Non-profit management

To meet the interests of the FTcoin holders of the Fund Token platform, develop a robust and

scalable system, and the Fund Token Foundation manages the issuance and distribution of FTcoin

token

Strong management

The Fund Token Foundation is an independent legal entity with unique operations and top pro-

fessionals and senior experts provide the management structure of the company.

3. The Goal of Fund Token Foundation

The Fund Token Foundation’s mission is to deploy and develop a Fund Token-based compre-

hensive digital asset management platform to participate in the construction of the Fund Token plat-

form ecosystem, to participate in value distribution and share of wealth.

⚫ Goal of Management

The Fund Token Foundation plans to invest resources to establish a fair and transparent man-

agement process and to take into account the opinions and needs of all participants in the platform

ecosystem. This open management model will provide the necessary supervision channels for each

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node and participate in the supervision of the foundation's decisions on system and rule makings, is-

suance of token, legal matters and other related decisions.

The Fund Token Foundation will be responsible for managing and overseeing the security and

convenience of FTcoin's storage and use, as well as the transparency of any other related income.

⚫ Goal of Research

The Fund Token Foundation aims to foster an innovative environment through collaboration.

Collaboration includes testing new ways to engage in ecosystems, driving value creation and net-

working. The Fund Token Foundation can fund research and development to support a secure, effi-

cient, and autonomous network that provides business transaction services.

⚫ Goal of Development

The Fund Token Foundation directs and funds the development of the Fund Token platform it-

self and empower the Fund Token ecosystem partners to build, develop and create value. The Fund

Token Foundation will further develop this work by participating in the development team, continu-

ing to support and improve the technical facilities of the Fund Token ecosystem, and actively main-

tain an open source code base that ecosystems and participants can use.

Risk Warning

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Whether FTcoin adds value or not depends on the market pricing rules and the

demand after project implementation. In extreme cases or due to force majeure factors,

it may not have value. Those who do not use FTcoin correctly may lose the right to

use FTcoin and may even lose their FTcoin.

The Fund Token team makes no commitment to add value and is not responsible

for the consequences of value changes. We pledge to do everything possible to ensure

the safety of your assets and transactions.