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Whitepaper v2.1
Whitepaper v2.1
A Blockchain Enabled,
Sports Community & Gambling Ecosystem
Macau, China
Version 2.0, October 2020
Abstract
Blockchain is an emerging technology that can radically improve banking systems, supply
chains and other transaction networks. By creating new opportunities for innovation,
businesses have many examples of networks of individuals and organizations working together
to create value and wealth. These networks work together in the marketplace to exchange
assets in the form of goods and services between participants. Blockchain Technology provides
the basis for a dynamic shared ledger that can be applied to save time when recording
transactions between parties. In addition, which can eliminate costs associated with
intermediaries and reduce risks, defraud and counterfeit.
Based on this crucial of Technology Blockchain, We, decided to open platforms TICKETCOIN on
Blockchain in the areas necessary as transaction management Casino - Games Online,
managing hotel chains in the system President Casino - Games online, supply chain
management, manufacturing, consumer ecosystem Casino - online games, managed services
come in the ecosystem Casino - online game.
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CONTENTS
1. Introduction.............................................................................................................................................................3
2. Problems and solutions ....................................................................................................................................5
Problem # 1: Growing doubts over the integrity of online casinos .................................................................................................. 6
Problem # 2: Player funds are not always secure .................................................................................................................................. 6
Problem # 3: Consumers want faster, easier gaming ............................................................................................................................7
Problem # 4: Payouts are neither fast nor guaranteed ....................................................................................................................... 8
Problem # 5: Complexity and cost in running an online casino ........................................................................................................ 8
Problem # 6: Many casinos must innovate to survive ........................................................................................................................... 9
Problem # 7: Existing blockchain casinos are not fit for purpose ................................................................................................... 10
Problem # 8: Regulation is costly and difficult to enforce ................................................................................................................ 10
5. Roadmap .................................................................................................................................................................................... 32
6. Development Team and Advisor .............................................................................................................................. 35
7. Disclaimer................................................................................................................................................................................... 37
Risks associated with purchasing TIC ........................................................................................................................................... 37
Risks related to the TIC token and the technology platform TicketCoin ..................................................................... 38
Disclaimer ................................................................................................................................................................................................... 41
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1. Introduction
According to The UK Gambling Commission, confidence in the game and the overall
attitude of the public towards the game is in decline. By providing unprecedented
transparency and player protection through decentralized technology, TicketCoin is set
to reverse these trends.
Ticketcoin's blockchain solution provides a platform that is fast, low cost, user-friendly,
and fair, while delivering high quality mobile-friendly production and entertainment.
moving. Our technology and protocol platform enables one of the first commercially
viable blockchain applications and has been designed to run in a mass-market scale.
3
Built on the Ethereum blockchain, TicketCoin's protocol uses a combination of smart
contracts, a Exclusive Fate Channel, and TIC utility tokens to power a global network of
casinos. The casino is completely transparent and safe.
TicketCoin's own platform is built according to the HTML5 and WebGL standards, with
games from independent developers to be added as the progression platform. The open
architecture of the platform, designed by developers for developers, is aimed at creating
the premier marketplace for blockchain casino gaming content.
After completing the TICPass ID verification process, players can access any casino
supported by TicketCoin with just one click. To conduct liquidity, using the money - in
TIC tokens - is sent to a secure, transparent escrow on the blockchain instead of the
casino account.
For new operators, white labels and affiliates, our technology offers faster integration,
significantly lower costs, termination of payments and fraud reaching a growing
audience. high value, crypto savvy players.
With the development of our revolutionary technology, the TicketCoin protocol will
enable a new era of fairer, more efficient, safer and more user-friendly games.
TicketCoin Technologies was established in 2019 by members with tremendous hands-
on experience in blockchain investment and development. David John, Mr. David John,
Lan Hong Tsung (David), Mr. Shek Lai Him (Abraham), Mr. Tse Hau Yin who are casino
operations management industry experts. With the backing and guarantee from SJM
Holdings and the certain achievements, the SJM Holdings existing platforms including
Casino, Hotels, and Trade Centers will be a solid launch platform for TicketCoin to
develop.
4
After 19 months of formation and development, Token Presale deals generated a $ 25
million contribution. TicketCoin currently has more than 50 employees including
blockchain engineers, game developers and executives from leading B2B and B2C global
game companies. According to the launch of more casinos offered by TicketCoin, we will
solidify our position as the world leader in blockchain technology.
5
By 2017, mobile games were estimated to account for 37% of online gaming revenues,
which is three times higher than that in 2010 was 11.5%. H2 predicts that mobile device
usage will continue to grow, reaching 49% by 2022. However, the mainstream mobile
platforms that dominate the market greatly limit “real money” game applications, which
are listed on their app stores or have them banned altogether.
In fact, the use of mobile devices is a significant barrier to the growth of game operators
sticking to the old "native apps" model, despite the ban on leading app stores
consistency and dissemination.
Despite its continued growth, the online gaming industry faces a host of problems, with
TicketCoin's technology offering a range of unique solutions.
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Modern casino technology can not be operated without banks of technical engineers,
fraud prevention officers, and payments staff to name a few. Monthly costs include
technology licencing fees, server hosting costs, credit card processor fees, and
chargebacks, not to mention extensive marketing budgets to compete in a crowded
market.
These technical, financial and legal demands mean that very few have the expertise
and capital to launch and profitably operate a licenced internet casino.
Solution: TicketCoin technology solution
Launching a decentralized casino on the TicketCoin platform can be done in weeks
instead of months, with far lower associated costs than traditional casino operations.
Our solution uses native cryptocurrencies, smart contract-powered payments, and a
range of KYC and fraud prevention measures that together make most employee roles
obsolete.
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Problem # 7: Existing blockchain casinos are not fit for purpose
The first generation of blockchain-based casinos are neither fun, fast, secure, and nor
truly fair. At best, they offer a degree of verifiable fairness which only enables players
to check if a game was fair, rather than guarantee it at the outset. Many suffer from
long waits between games and prohibitive ‘expensive' network costs, rendering them
unsuitable for real-time, real money gaming.
Projects such as Edgeless, CasinoCoin and Cashbet have not made full use of smart
contracts or state channels and continue to be oriented in the casino's favor.
Solution: TicketCoin's protocol
TicketCoin's advanced status channel solution - enables players to participate in
fairness instantly at an almost negligible cost. Our games feature the same level of
quality and usability as incumbent iGaming casino technology but with greater
transparency, security and player protection.
TIC tokens
Every aspect of TicketCoin is powered by TIC tokens.
TIC is an ERC-20 standard cryptocurrency which offers instant, encrypted payments
without the need for a trusted intermediary (e.g. a bank). TIC tokens contain new
enhancements to the original ERC-20 standard that enable the enhanced security and
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performance of the technology, which are necessary to deliver high performance
trustless gaming.
From player wagers to casino licence fees, developer rewards, and revenue affiliates
receive for referring players, all participants in the TicketCoin ecosystem will transact in
one Easy and transparent way using TIC. By developing our own token instead of using
ETH or another cryptocurrency, we have achieved significant improvements in speed
and security.
TIC is the original cryptocurrency of the TicketCoin ecosystem. It supports every aspect
of the protocol and platform action. TIC is designed to deliver a secure, fast experience
that will help drive the mass adoption of blockchain technology.
Players can receive TIC tokens for use in the TicketCoin ecosystem from our exchange
or a future series of independent third-party cryptocurrency exchanges. Examples of
centralized exchanges, many of which offer fiat currencies on and off the slope, include
Binance, BitFinex, and OkEx. Examples of new decentralized exchanges include IDEX and
AirSwap.
TicketCoin is not prejudiced against centralized or decentralized exchanges, nor do we
recommend any particular exchange. We encourage players to do their own due
diligence before choosing the exchange that best suits their needs.
How it works
TicketCoin, code-named TIC, was researched and developed in January 2019.
TicketCoin was born with a very big purpose that is the electronic currency used by all
Casino ecosystems. Since then, there are no longer concerns about geographical
distance, the rich and the poor, or the risk of natural disasters, along with providing a
safe, reliable and fast experience for users.
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TicketCoin is issued and used in the platforms as shown below:
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For shopping, dining and entertainment centers:
In recent years, people have gradually shifted from traditional models of
eating, drinking, and entertainment to more advanced and modern models.
Estimated sales of these activities will reach $ 50 billion by 2020 across our
network.
Therefore, to capture the potential of this market, TIC is used to pay all costs
and services of customers when coming to our centers.
With TIC as a common currency for system-wide use, we can do great things
in other countries. When everyone around the world, regardless of country,
religion, accent and the value of the nation's currency, all helps the system
increase dramatically.
3.2 TICBank
The drastic development of the current cryptocurrency system, it is really essential to
have a digital bank that keeps customers' crypto stores secure and increases profits
each year.
Along with that, the increase in the number of customers, TIC is put into operation in
the whole system. Increasing customer demand, leading to the need for a cash advance
or a loan to use in our system is completely understandable. With the great success of
MasterCard, VisaCard, we can fully see our success in the near future.
TICBank was built and developed for these reasons. TICBank operates under the form
of CryptoBank, meaning that everyone can deposit their digital money here to ensure
safety and generate annual profits.
TICBank will act as an intermediary to receive customers' electronic money and seek
customers to lend the received amounts. With Blockchain, the procedures and
documents for completing loan and savings transactions are very fast with
SmartContract.
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TICBank will not only stop at individual customers but also expand to businesses that
need. The future will issue digital shares, with TIC and common currency.
3.3 Gambling
A drastically growing market
According to market research firm Statista, the total revenue of the gambling industry
in the world in 2017 was $ 465 billion. Research and Markets forecasts the industry's
worldwide revenue by 2022 to be $ 635 billion, with an annual growth rate of 5.7%.
Among the segments of the gambling business, online gambling is most thrived by the
development of technology, the Internet, cloud computing, electronic payments, and
smartphones. Many people who never gamble because they cannot afford to go to the
casinos, but become gamblers by using the phone.
Besides, online gambling knows how to "localize" different types of gambling according
to the habits of each country and community. For example, standard casinos only offer
some classic types of gambling, but online gambling has all kinds of games such as:
drab, trio, shrimp nest, rock jerk, or "plow game" exchange for bonuses.
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According to research by Research and Market, the size of the world online gambling
market in 2016 was 44.16 billion USD, accounting for 34% of the revenue from the
gambling industry. It is forecasted that this market will nearly double ($ 81.71 billion) by
2022 with a compound annual growth rate (CAGR) of 10.8%.
Since the online gambling market enables players to use virtual currency it reduces the
burden and risks of carrying cash as playing at physical casinos. At home, more and
more people are participating in online gambling, thus creating growing opportunities
for this market in the future. In addition, Research and Market also reported that the
use of mobile devices for online gambling purposes is on the rise.
Currently, more than 80 countries have legalized online gambling and Europe has the
largest online gambling market in the world. Netherlands, for example, adopts new
online gambling regulations but the Asia Pacific region online gambling sector has not
grown much. In countries like Singapore, the government assumes that all types of
gambling are illegal and therefore there is no such market, Vietnam also prohibits
gambling of any type.
In China and Korea also illegal gambling sites have been arrested. While in the US, the
three states have licensed online gambling and more states are expected to adopt
similar regulations, allowing this market to grow in these regions as the government
wants to benefit from tax revenue. Africa also has no plans to legalize online gambling.
Global gaming revenue reached nearly $ 400 billion in 2015, 2 with Asia accounting for
about a third of total gaming activity. About 10% of the global market, nearly 40 billion
USD, is interactive games or online games, activity has grown 50% since 2010. H2
Gambling Capital predicts the total game market (traditional plus online) worldwide will
reach nearly 60 billion USD by 2020. With more than 6 million adult gaming around the
world and estimated to be even bigger than 10 million by 2020, the overall gaming
market is growing. Fast, with the online virtual market segment expected to accelerate
faster than the traditional casinos. We believe the online games industry can grow even
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faster - in line with the growth trajectories of other digital industries like downloadable
music, books, online shopping and taxis All benefit from the disruption of traditional
business models by adopting innovative technologies. However, online games have
historically been overly protected by government-created monopolies and a "wild west"
of unethical cowboy casinos without protection or publicity by guarantee for
unsuspecting players. Traditional casinos like Golden Nugget have led the online gaming
market. 3 But the specialized technology developed by TicketCoin has some advantages
over the centralized, traditional model. In particular, our blockchain-based platform
allows for equitable, streamlined, and completely unaffected currency deposits and
withdrawals that have hindered other blockchain electronic institutions.
Development potential
Although the online gambling industry has grown, revenue from physical tokens still
outpaces online activity (which accounts for only 10% of current revenue), which could
be a stumbling block for the industry in the long run. Even online gambling companies
face a huge risk of breaking into these industries, especially in countries that consider
it illegal. These risks limit the participation of new operators and extend existing
operators to different geographic regions.
However, according to analysts, this market will continue to grow in the future because
it has not reached maturity yet and governments are working to manage this activity,
opening up the playing field for players, helping this market grow.
Thanks to online gambling, many start-ups have become rich such as Bwin, Paddy
Power, 888 Holdings, and at the same time force old traditional "giants" such as
Ladbrokes and William Hill to change their business methods.
In terms of capitalization, the top leading companies include: Paddy Power has a stock
market capitalization of 9.98 billion USD, Ladbrokes: 4.78 billion USD, William Hill: 3.86
billion USD ...
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The problem of the market
The rapid growth and enormous potential of the Online Games industry are obvious
which everyone can see. But besides that, this market still faces many challenges that
hinder future development. As follows:
There is currently no global solution for online game platforms to deposit and
withdraw game chips using reliable and timely methods to switch to accounts
and currencies in each country.
There is currently no solution for a transparent gambling fund movement, in
which commissions for gaming and money transfers are clearly recognized.
There are currently no crypto blockchain solutions for game funds that combine
trust and transparency of blockchain-based technology.
Does not currently integrate with third party gaming environments and
cryptocurrency exchanges through application programming interfaces (APIs)
and blockchain technology.
Needs flexibility in global online gaming to comply with different game rules in
each region.
The global demands for online gaming use cryptocurrencies to satisfy various
regional security regulations and as they evolve.
There is currently no solution for a unified KYC and AML process and then use
input as a common aggregation data for ancillary processes for regulatory
purposes.
There is currently no solution for using token metadata or Smart Contracts for
current and future regulation that applies to online games.
TicketCoin (TIC) 's goal is to handle these market challenges and demonstrate a global
choice for online games. The TicketCoin (TIC) ecosystem will benefit consumers by
encouraging play longer, bigger prizes, and better odds. Since the Ecosystem is based
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on cryptocurrency technology, it will facilitate instant cash flow and provide more
trustworthy and transparency in the holding and movement of money.
By offering TicketCoin (TIC) to players, SJM Holdings and its partners will benefit from
its access to a global audience and higher liquidity. The development of the Ecosystem,
with clearly defined interfaces and operational processes, will reduce operating costs
and allow game providers to access other services such as online shopping.
Having such a huge ecosystem, the supply and demand of TicketCoin is essential. Every
organization, partner, and customer has a need to buy, sell and exchange TicketCoin in
large quantities along with investment funds, and speculators need the development
of TicketCoin supply and demand, along with the community that raises TicketCoin in
the future.
With a cryptocurrency ecosystem, it is paramount that cryptocurrencies be listed on
reputable exchanges. This has both confirmed prestige, quality, and served as a
marketing platform for the ecosystem. In the near future, we have a plan for the listing
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of TicketCoin on reputable exchanges. Especially given the most priority is the Binance
exchange. We choose Binance as our strategic partner and most important to us
because the success of Binance is undeniable.
But before that, the community that owns TicketCoin as well as the partners that
signed a contract with us needed an internal exchange to be able to buy and hoard
TicketCoin as well as distribute TicketCoin. This is why we researched and developed
internal TIC Exchange.
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3.5 CryptoCard
The evolution of the human race has always been accompanied by the evolution of the
cash flow. From the crumpling to the present cash era, we face a problem that is
insecurity and inconvenience.
Inconvenience in using, storing personal and organizational property. Since then,
humans have invented and perfectly operated the banking system. Using banking
services, people can safely deposit their assets in the largest banking systems in the
world by using only 1 chip card. Simplicity, convenience and ease of use have made
MasterCard one of the billion-dollar companies in the world.
But that's not the best solution, because your assets are actually still in someone else's
hands and under the control of that person. So why aren't we self-managed in our
wealth? Yes, that is why we are very interested and put a lot of energy into CryptoCard.
With CryptoCard, everyone can store all their assets on this Card. With our strategic
vision of development, CryptoCard will quickly be present around the world. Imagine, in
the future you can pay for everything such as food, clothing, jewelry, medical services,...
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in every country, utilizing blockchain in operations and management. This eventually
leads to reducing greatly time for any of the activities above.
Our goal is eblo. To do that, the issuance of CryptoCard is indispensable in the progress
towards that goal.
In the simplest sense, CryptoCard is like a current MasterCard. But with CryptoCard, we
can store more assets, many times more secure, and secure than a MasterCard. And
above all, we are not under the control of any organization or individual, your property
is yours, you have full control over your property.
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4.2. The distribution of TIC
Token name: TIC
Number of tokens to be issued: 200,000,000 TIC
Starting price: 0.1 $ / TIC
A total of 200,000,000 TIC will be issued and distributed as follows:
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TIC Presale
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between partners of other investors. Accompany with that, bringing confidence to the
Staking community, as a foundation for the development of the TicketCoin community.
With the assurance of the safety of the system as well as the value of TIC by the
transparent use of 50% of this capital, the TIC community will be growing rapidly.
ICO
The amount of TIC Presale is 25% equivalent to 50,000,000TIC.
This amount of TIC is issued and distributed for sale on April 26, 2021 and closed 5 days
later when the soft and hard cap is reached.
• Hard limit: ends on 5-day itinerary or full amount of TIC sold.
• Soft cap: total fund raised is $ 15 million.
ICO TIC distribution price list:
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Time Price
April 26, 2021 $0.1
April 27, 2021 $0.2
April 28, 2021 $0.4
April 29, 2021 $0.6
April 30, 2021 $1
The amount of TIC left over after the ICO period is considered to be in surplus
compared to the requirement and therefore burned, permanently removed from
the circulation system.
Accept the purchase TIC by USDT based on the ERC-20 platform.
The distribution of the ICO will be random and automatic. Therefore, we do not
commit that organizations or individuals can buy all TICs with all their assets.
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Staking
The number of TICs locked on blocks to distribute for Staking is 35%, equivalent to
75,000,000TIC.
This amount of TIC will be locked and distributed to the Stacker for the rest of the day.
This ensures the supply and demand for the market in the future.
Staking is the only method for TicketCoin to be released in the future. There is no other
form of TIC that can be produced. This ensures the safety and integrity of the system,
avoiding forms of price manipulation or manipulating the market when holding too
many TICs.
Using Staking, every participant will be a separate block (NODE) in our Blockchain
system. The amount of TIC in each block is separate and completely proactive thanks
to Ticketcoin's algorithm, ensuring participants receive the correct and sufficient number
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of stacks, so the number of blocks will be limited when the distributing TIC into these
blocks has taken up all the number of locked Staking coins.
However, when the stackers terminate their contracts or cancel their contracts ahead
of time, the remaining TIC in each block is returned to the main block and computed to
redistribute to the new blocks, and the current block. will be removed from the
blockchain system. Therefore, the system will automatically lock Staking when the TIC
is distributed to all individual blocks, and will reopen when the amount of TIC is returned
to the main block and the main block using blockchain technology recalculates the block.
new. Therefore, masses are multiply and distinct, but limited in quantity. This is also the
soft limit of Staking.
The fact that each wallet address is a private block helps the amount of TIC not be
distributed or interrupted transparently by hackers, each block has the same operating
mechanism and technology as the main block, the participants perform the mining on
the block itself. My data is completely unrelated to the main block. This helps to increase
the security of the main block and minimize the risk of affecting the whole system when
there is a block of data that is not transparent or insecure.
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Affiliate Marketing
The number of TICs used for Affiliate Marketing is 8%, equivalent to 16,000,000TIC.
This amount of TIC is used for marketing, rewarding affiliate marketers.
By participating in the registration as a supply chain in the TicketCoin system, investors
can receive bonuses from the issuer through the forms of Affiliate Marketing.
Along with that, to accelerate the process of community development and user
marketing, TicketCoin uses this amount of coins to reward individuals and organizations
that have made great contributions to building the TicketCoin community.
Specific activities such as Airdrop, Bonus Stacker, Bonus Team, Jackpot, ... will use up
this amount of TIC.
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Team & Advisors
5. Roadmap
Q1.2019: Project and 1st game launch.
Make a sample sketch of the idea.
Whitepaper version 1.
Building development team.
Q2.2019: Partnerships with SJM Holdings.
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Signed a strategic vision and development contract with the backing of SJM
Holdings.
Continue to build the development team and devise plans for the operation
of TicketCoin.
Q3.Q4.2019: Launching demo and testing at system of SJM Holdings.
Launch of TIC, alpha website version.
Completing the KPI commitment with SJM Holdings.
Training, building a core development team.
2020: Sign a Token Presale contract with strategic partners.
March 2020: Signing Token Presale contract with Casino systems in Asia.
May 2020: Signed Token Presale contract with major Dutch Casinos such as
Holland Casino Venlo, Jack's Casino, Flamingo Casino and some other major
casinos.
August 2020: Signing a Token Presale contract with the Casino systems in
Brazil and Argentina.
Build staff network, Leaderboard in strategic development areas.
Complete testing of TIC on the system.
Launched Beta of Website.
Develop an ICO strategy for next year.
Q1.2021: Continuing to develop the system.
Upgrade security for the system.
Perfecting KYC technology, authenticating legal identities in each country.
Build and upgrade the TicketCoin platform.
Build, upgrade blockchains and perfect smart contracts for Staking.
Finalize the plan and announce the ICO plan globally.
Q2.2021: Conducting ICO, Staking and Affiliate Marketing
Conduct an ICO according to the announced plan.
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Start the Staking phase for organizations, individuals, and investors.
Implementing Affiliate Marketing plans according to plan.
Find strategic staff in key countries.
Q3.2021: System upgrade and advertising focus, PR.
Upgrading the system and platform.
Work with strategic teams in different countries and regions to develop a PR
plan for TicketCoin.
Completed the trial work on the ecosystem of SJM Holdings, ready to put
into operation.
Q4.2021: Negotiate and sign with Gambling platforms
With TicketCoin, we provide the solution for online game platforms, so it
needs to grow fast and strong in this field.
Signing of cooperation and development with online game platforms as well
as online casinos.
Using TicketCoin's KYC technology to validate individual standards in
accordance with the law in each country.
Q1.2022: Provides Gambling platforms
Providing committed partners' online platforms.
Signing and developing Blockchain Game system on TicketCoin platform.
Linking major partners that have signed Token Presale to online game
platforms. Expand the range of customers and partners.
Q2.2022: Launch of TICBank
Launching TICBank globally.
Q3.2022: Complete the system with partners. Putting the TIC into operation in that
system.
Q4.2022: Launch of CryptoCard.
Continue…
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6. Development Team and Advisor
David John – Founder, CEO
David John is a National Leader for Cryptocurrency
Compliance, Blockchain Projects and Crypto Online
Game Advisor.
He is an entrepreneur with more than 10 years of
hands-on experience in online business and marketing.
Expert in cryptocurrencies, start-ups and gambling.
Has worked with Match.com, Crocs, Finnair,
Booking.com, AliExpress, Travelbird and Be2.
Founder of BlockChain Impact
35
on-premises cashier and account management system, while integrating the system
with third-party providers including PlayTech, OpenBet, Ladbrokes / GBE as extended
support and business intelligence functions.
Assisting startups in investor relations, STO / ICO crowdfunding, marketing strategy,
token economics, and exchange listing.
Provides advice from US franchisees to compliance, employment laws, and dispute
resolution.
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Mr. Lan Hong Tsung (David)
David Lan Hong-Tsung is a former politician and civil
servant in Hong Kong who served as Minister of the
Interior.
David is also an entrepreneur currently serving as a
Non-Independent CEO of SJM Holdings Limited and
Hutchison Telecommunications Hong Kong Holdings
since 2008.
A businessman with extensive experience in casino
management and operation.
7. Disclaimer
Purchasing tokens are likely to be a high level of risk. You should carefully consider the
risks described below, accompanied with all other information contained in TicketCoin's
terms and conditions before deciding to purchase TIC. The following risks entail
circumstances in which our business activities, financial conditions, performance results
and prospects may be exposed.
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The Company may have to make changes to the specifications of the TicketCoin
technology platform or the TIC token for any good reason or the Company may not be
able to develop the TicketCoin technology platform. by realizing those specs or any form
of working platform. It's possible that the TicketCoin platform has never been released,
and there may never be a working TIC Token. Furthermore, despite good faith efforts
to develop and launch the TicketCoin platform and subsequently develop and maintain
the TicketCoin technology platform, it is possible that the TicketCoin platform is
malfunctioning or not being developed or maintained. In accordance with proper
maintenance, this can negatively impact the TicketCoin and TIC tokens.
Startups often encounter undesirable problems in the areas of product development,
marketing, finance, and general management, among others that are often not
solvable. Similarly, casinos may not accept the TicketCoin platform for any reason.
If the Company is unsuccessful in its attempt to demonstrate to users the utility and
value of the TicketCoin platform, there will likely be very little demand for the platform
and therefore of little use for TIC. Hence, the price of TIC could fall, possibly to zero.
TicketCoin may be forced to shut down or take actions that resulted in the Dissolution
Event
It is possible that for any reason, including but not limited to the adverse fluctuation in
the value of cryptocurrencies and fiat currencies, the Company was unable to establish
the launch of the TicketCoin platform and its utility. TIC tokens, failure of commercial
relationships, legal action or challenges of intellectual property rights, the Company
may no longer function and dissolve events.
Risks related to the TIC token and the technology platform TicketCoin
The TicketCoin technology platform may not be widely applicable and have a limited
number of users
It is possible that the TicketCoin platform will not be used by a large number of
individuals, companies and other organizations or limited public interest in creating and
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developing online gaming platforms based on blockchain. Such lack of use or disinterest
could negatively impact the development of the TicketCoin platform and, therefore, the
potential utility of the TIC token.
Alternative platforms can be set up to compete or be used more broadly than the
TicketCoin technology platform
It is possible that alternative platforms can be established using the same or similar
technology under the TicketCoin platform and attempt to facilitate online gaming
platforms that are physically similar to the TicketCoin platform. This can compete with
these alternative platforms, which could negatively impact the TicketCoin and the TIC
tokens.
The further growth and adoption of blockchain networks, including the TicketCoin
platform, is part of a new and rapidly changing industry, depending on many factors
that are difficult to evaluate. Slowing or stopping development or adoption of
blockchain networks and blockchain assets will have an adverse amateur impact on
the successful development and adoption of the TicketCoin platform and TIC tokens.
The growth of the blockchain industry as a whole, as well as the blockchain networks
on which the TicketCoin platform will rely and interact, has a high degree of uncertainty.
Factors influencing the further development of the crypto industry, as well as blockchain
networks, including but not limited to:
Worldwide growth in adoption and use of Ethereum, and other blockchain technologies.
Government and quasi-governmental regulation of Ethereum, and other blockchain
assets and their use, or restrictions or regulations governing access and operation of
blockchain networks or similar systems.
The maintenance and development of an open source software protocol of the
Ethereum network.
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Changes in consumer demographics and public tastes and preferences.
Availability and popularity of other forms or methods of buying and selling goods and
services, or asset transactions including those using new fiat currency or existing
networks.
General economic conditions and regulatory environment related to cryptocurrencies.
The decline in popularity or the adoption of Ethereum or other blockchain-based tokens
will adversely affect our performance.
Delaying or stopping the development, general acceptance, and adoption and use of
the blockchain network and blockchain assets may prevent or delay the adoption of the
TicketCoin technology platform and TIC tokens.
The price of blockchain assets is highly volatile. Price volatility of digital assets can
severely and adversely affect our business, and TIC tokens can also suffer from
significant price fluctuations.
The prices of blockchain assets like Ethereum have historically been subject to strong
volatility and very volatile, and the market price of TIC tokens has also been volatile.
Several factors can affect the market price of TIC tokens, including, but not limited to:
Provide global blockchain assets.
Global demand for blockchain assets, possibly affected by the growth of the retail
industry, the adoption of merchants and commercial businesses for blockchain assets
such as cryptocurrencies as payments to goods and services, security of online
blockchain asset exchanges and digital wallets holding blockchain assets, recognizing
that using and holding blockchain assets is safe and secure, and regulatory restrictions
on their use.
Changes in software, software requirements or TicketCoin platform hardware
requirements.
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Changes in rights, obligations, incentives or rewards for different participants in the
TicketCoin platform.
Interest rates, currency exchange rates, including rates at which digital assets can be
exchanged for fiat currencies.
The Fiat deposit and withdrawal policy of blockchain asset exchanges on which TIC
tokens can be traded and for liquidity on those exchanges.
Disruption in service or breakdown of major blockchain asset exchanges with which TIC
tokens can be traded
Government monetary policy, trade restrictions, currency devaluation and revaluation.
The devaluation of a single blockchain asset can cause volatility in the entire blockchain
industry and others including TIC tokens. For example, a security breach affects investor
or user's confidence in Ethereum, could affect the entire industry, and could also cause
the prices of TIC tokens and other blockchain assets to go viral.
Disclaimer
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inadequate analysis of the risks associated with the purchase TIC tokens. You will be
required to agree to the TicketCoin Terms and Conditions prior to purchasing any TIC
Tokens.
Participants must make their own independent assessment, after doing the
investigations they deem necessary, on the value of buying any TIC token. Participants
should consult and rely on their accounting, legal and tax representatives and advisors
to assess the economic, legal and tax consequences of purchasing TIC Tokens.
Some of the statements contained in this document may constitute forward-looking
statements or speak of future events or plans. Such forward-looking statements or
information, in relation to known and unknown risks and uncertainties, may result in
materially different factual events.
This White Paper may be translated into languages other than English. If and to the
extent that the terms in the non-English versions of the document conflict with the
English language versions of the document, the English language version controls and
governs.
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References
1. Vitalik Buterin, Ethereum founder:
https://twitter.com/VitalikButerin/status/940749096339542016
2. Buyology: Truth and Lies About Why We Buy – Martin Lindstrom.
https://www.pewresearch.org/internet/2016/12/19/online-reviews/
3. https://bitcoin.org/bitcoin.pdf
4. Meuwissen, M. P., Velthuis, A. G., Hogeveen, H., & Huirne, R. B. (2003). Traceability
and certification in meat supply chains. Journal of Agribusiness, 21(2), 167- 182.
Biswas, K., Muthukkumarasamy, V., & Tan, W. L. (2017, November). Blockchain
Based Wine Supply Chain Traceability System. In Future Technologies
Conference.
5. E van Duffield, Kyle Hagan. (2014) Darkcoin: Peer-to-Peer Crypto Currency with
Anonymous Blockchain Transactions and an Improved Proof-of-Work System.
6. Nakamoto S. (2008): Bitcoin: A peer-to-peer electronic cash system.
7. David Fifield, Chang Lan, Rod Hynes, Percy Wegmann, and Vern Paxson.
(2015)Blocking-resistant communication through domainfronting.
8. Quirk, Joe, and Patri Friedman. (2017) Seas t ead in g: How Floating Nations Will
Restore t h e Environment, Enrich the Poor, Cure the Sick, and Liberat
Humanity from Politicians. Free Press.
9. Taleb, N. N. (2012). Antifragile: Things that gain from disorder (Vol. 3). Random
House.
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