White Paper - Niobium [PDF]

White Paper

BOMESP (São Paulo Virtual Business Currencies Exchange) By: NIOBIUM Foundaton Team – NBC I. II. III. IV.

V. VI.

VII. VIII. IX. X.

XI. XII. XIII.

INTRODUCTION ................................................................................................... NIOBIUM – NBC.................................................................................……............. WHAT IS THE BOMESP?......................................................................................... ADVANTAGES...................................................................................................... PLATFORM TECHNOLOGIES...............................................................……..………….. (i) As to NIOBIUM NBC..............................................................……………..... (ii) As to the BOMESP.................................................................……............... CATEGORIES OF THE BOMESP TOKENS/CURRENCIES – COLORFUL COINS............. (i) Green Coins........................................................................................... (ii) Blue Coins............................................................................................. (iii) Gold Coins............................................................................................ THE BOMESP SERVICES AND THEIR PRICES............................................................ THE BOMESP VIRTUAL CURRENCY....................................................................... (i) Dividends report........................................................................ (ii) Distributon of the proft............................................................................. INVESTMENT IN ATMs THE ICO OF THE BOMESP VIRTUAL CURRENCY – NIOBIUM COIN.............................. (i) Token Details........................................................................................ (ii) Stage 1: Pre-presale Details................................................................. (iii) Stage 2: Pre-sale Details....................................................................... (iv) Stage 3: Crowd-sale Details.................................................................. (v) ICO Pricing Slabs:.................................................................................. (vi) Team Bonus Allocaton over NBC:........................................................ THE BOMESP AND NIOBIUM ROADMAP .................................................................... CONCLUSION REFERENCES..........................................................................................................

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This Inital Cryptocurrency Ofering (ICO) is not a security ofering or a collectve investment schemee nor reqhuires registraton or approval of the Singapore Monetary Authoritye as well as not being characterized as a securitye on the terms of Brazilian legislatone and does not reqhuire registraton with the Securites and Exchange Commission of Brazil and on the terms of the internatonal fnancial norms. For the Chinese markete all of the ICOs are temporarily suspendede whereby a resident of China must follow the regulatons of their country. For the countries such as the USA and others that follow the legislaton of that countrye they must obey the regulatory rules that are imposed. One recommends to the taxpayers that they read this document carefully and make the proper assessment. This White Paper was developed with the collaboraton of our fnancial market advisors and of our legal consultants.

INTRODUCTION

The worldwide digital coins market is bubbling. In 2009e the “Bitcoin” was createde as a currency that is based on the cryptography developed by the MIT (SHA256)e the existence of which was only possible by means of the concomitant creaton of the “BlockChain”e which was frstly defned in the original source code of the Bitcoin. Thuse the Bitcoin is closely related to the creaton of the BlockChain. The original defniton was created in 2008 with the publicaton of the artcle "Bitcoin: A Peer-to-Peer Electronic Cash System"e published by Satoshi Nakamoto (whose true identty was recently disclosed by Australian businessman Craig Wrighte who identfed himself as being Satoshi Nakamoto). Despite the technical evidences of his identtye in the frst Bitcoin transactons in the BlockChain there are stll some controversies about this. In 2009e the code was issued as an open code. Thuse in 2009 there was the start-up of the Bitcoin networke when the frst Bitcoins were minted and traded in the BlockChain. The cryptocurrencies made up the technological base of the BlockChaine having received the interest of bankse companies and governmental 2

organizatons. Since thene modifcatons have been made based on the original version and new applicatons were pegged to the BlockChain. In 2014e the term "BlockChain 2.0" arose to describe a new databank project distributed by(sic) the BlockChain. In 2015e The Economist1 newspaper described one of the implementatons of the second generaton of the BlockChaine the Ethereum2e as "a programing language that enables users to develop smart contracts that are more sophistcated [...]". This discovery would enable the creaton of "decentralized autonomous organizatons" (DAO)3 , virtual companies based only on a combinaton of rules deriving from this new generaton of the BlockChain. In 2015e the fnancial market estmated an amount of one billion dollars of investment in technology related to the BlockChaine according to a survey of the CCN4 newscast. Currently there are more than 1e200 currencies being traded in diferent platorms around the world. The CoinMarketCap.com5 sitee which establishes the ranking of the trading of such currenciese shows that the MarketCap(sic) of all of the currencies together soon will exceed a level of USD 200 billion. In the BlockChain revolutone the virtual currencies of which have been launched constantlye one ascertains that the later are not entailed to the corporatons that are based on the productone the service and the ownership or any other type of asset. All of the currencies seek to place themselves in the markete but without any guaranteee despite seeking new technologiese as is the case of the Ethereum. The Ethereume in turne shows the greatest transformatons in the BlockChaine enabling the Smart Contractse as already mentonede by means of the Decentralized Autonomous Organizatonse which is perfect in order to expedite the producton chains of the companies. 1htps://www.economist.com/news/briefng/216ff228-technology-behind-bitcoin-lets-people-who-donot-know-or-trust-each-other-build-dependable 2htps://coinmarketcap.com/currencies/ethereum/ 3htps://en.wikipedia.org/wiki/The_DAO_(organizaton) 4htp://money.cnn.com/2015/11/02/technology/bitcoin-1-billion-invested/index.html 5htps://coinmarketcap.com/currencies/views/all/

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With the Ethereum platorme the Internet which was the revoluton of the informaton in the last four decadese such as the emaile the World Wide Webe the dotcome the social mediae the mobile Internete the Big Data (the large databank industry)e among other innovatonse a new concept of the Internet was created: the “Internet of value”. With the Ethereum platorme everything to which one can atribute value may be sent by the Internet via BlockChaine such as cashe creditse instruments of ownership of real estate propertye votese sharese i.e.e any type of assets. This new BlockChain Revolutone as defended by Don Tapscot and Alex Tapscot in the work enttled “BlockChain Revoluton – How the Technology Behind Bitcoin is Changing Moneye Businesse and the World”.6 In view of the development of the Ethereum technology for the BlockChaine one has arrived at greater viability for implementaton of the SÃO PAULO VIRTUAL BUSINESS CURRENCIES EXCHANGE (BOMESP) which will be sponsored by the NIOBIUM - NBC.

I.

NIOBIUM – NBC

NIOBIUM is a cryptocurrency or token that is created in the Ethereum platorm to sponsor all of the services that will be provided in the SÃO PAULO VIRTUAL BUSINESS CURRENCIES EXCHANGE (BOMESP). The valuaton of the NIOBIUM will be governed by the law of supply and demand. Its launching will follow the market rules known as ICO (Inital Cryptocurrency Ofering). The innovatons brought by the NIOBIUMe in view of the use of the Smart Contracts7 of the Ethereum platorme are (i) the possibility of automatc distributone upon receipt of Bitcoins or Ethereumse which creaton of NIOBIUM Coins may only occur in the period of their ICOe by means of 6 TAPSCOTTe Don - “BlockChain Revoluton - Como a tecnologia por trás do Bitcoin está mudando o dinheiroe os negócios e o mundo” / Don Tapscot (BlockChain Revoluton - How the Technology Behind Bitcoin is Changing Moneye Businesse and the World)e Alex Tapscote SSo Pauloe SENAI-SP Editorae 2016. fhtps://en.wikipedia.org/wiki/EthereumSSmart_contracts

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receipt of Ethereums by the Smart Contract Crowdsale. What does this mean? Each NIOBIUM will only be created if someone pays for ite i.e.e they will be created based on the payment and not at random. At the end of its ICOe no NIOBIUM may be created; and (ii) NIOBIUM will be the “fuel” currency of the BOMESP platorm. All those that create actvity with the purchase and sale of virtual currencies or purchase any service in the BOMESPe shall do so with the use of NIOBIUMs.

II.

WHAT IS THE BOMESP?

Smalle medium and large-sized companies have total need of fnancing their projects and are fully reliant on the Banks ande in last casee on the Capital Marketse the principal examples of which are the securites exchangese which make available electronic systems for custodye record of transactons and fnancial setlement in the public and private instruments market by means of a Custody Center. The BOMESP – which is not characterized as or confounds itself with an exchange market provided in Brazilian legislaton – appears so as to change the concept of IPO (Inital Public Ofering)8e which act is the inital public ofering of sharese i.e.e the moment at which the company opens its capital and begins to be listed on the Stock Exchange. In the BOMESPe the companies may ofer their own assetse known as tokense assetse or even virtual currenciese exchanging them for NIOBIUMs. For these cases there shall be use of the already known ICOs (Inital Cryptocurrency Ofering)e on a platorm for the trading of currencies that are entailed to the companies such as the productone the servicese the eqhuity/assets and that can be guaranteed or backed by their credibility and reputaton in the business market. The BOMESP will be like this.

8htps://en.wikipedia.org/wiki/Inital_public_ofering

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III.



ADVANTAGES

Elimination of the exchange by an intermediiary andi lack of confdience

Two partes are capable of making an exchange without the supervision or intermediaton of a third partye thus strongly reducing or even eliminatng the counterparty risk. 

Empowerment of the users

The users will be in control of all of their informaton and transactons. 

High quality of diata

The BlockChain data are completee consistente dated and precise and are made available broadly. 

Durability, trustworthiness andi longevity

Due to the fact that the networks are decentralizede the BlockChain has no central point of failure and is more resistant to malicious atacks. 

Integrity of the process

The users can be assured that their transactons will be carried out exactly as determined by the protocole removing the need for a third party. 

Transparence andi immutability

Public changes in the BlockChain are visible publicly by all of the partese creatng transparencye and all of the transactons are immutablee i.e.e they cannot be altered or deleted. 

Simplifcation of the ecosystem

With all of the transactons being added to one single public general ledger there is reducton of disorder and complicatons generated by multple general ledgers. 

Transactions that are more rapidi

Interbank transactons can take days to be cleared and to arrive at a fnal covenante especially when outside of business hours. Transactons with 6

the BlockChain can reduce the tme for transactons to minutes and are processed 24 hours per day and f days per week. 

Lower cost per transaction

By eliminatng the intermediaton of third partes and general expenses for exchange of assetse the BlockChain has the potental of reducing signifcantly the transacton fees. 

Digital

Practcally any document or asset can be expressed in the form of a code and encapsulated or referenced by a general ledger entrye which means that the BlockChain technology has very broad applicatonse the majority of which have not even been thought about or implemented.

V.

TECHNOLOGIES OF THE PLATFORMS

(i)

As to the NIOBIUM NBC

The NIOBIUM was created on the Ethereum platorm. Why the Ethereum? Ethereum is an open code technology for Smart Contracts constructed on the BlockChain. The Smart Contracts ofer a number of beneftse the principal ones of which are listed below: 1. The Smart Contracts are completely autonomous and do not reqhuire any human interventon; 2. They are implemented using a programming language known as Soliditye similar to the JavaScripte and thus are consistent; 3. The well-structured Smart Contracts are extremely resistant to malicious atacks or to external adulteratons.

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(ii)

As to the BOMESP

The BOMESP technology is aimed at giving support to the transactons with the maximum insttutonal security. The BOMESP will be optmized for insttutonale professional negotatons and will be aimed at the consumer. The corporate resources include:  Producton of around one million transactons per second;  More than 20 types of advanced orders - including Iceberge Post Onlye OCO and tracing orders;  Routng of advanced orderse management of the life cycle of the order and market risk confguratons;  Audited by safety audits conducted by independent third partes;  Scalable and extensible connectvity that enables integratons that are compatble with current and next-generaton platorms and services;  Advanced and fexible integraton with the services of the banks such as paymentse setlemente authentcatone KYC / AMLe market datae etc.;  Appropriate for more than 200 local currencies;  The BOMESP platorm will be appropriate for all of the types of digital assets that can be transacted with eqhuality with the Bitcoine Ethereume Ripple and partcularly the NIOBIUMe among other digital currencies.

VI.

CATEGORIES OF THE BOMESP TOKENS/CURRENCIES – COLORFUL COINS (YOURCOMPANY COIN)

(i)

Green Coins The Green Coins will be traded on the BOMESP platorm as being solidary currencies. They will be launched by means of their relevant ICOs only by non-proft 8

associatons that have characteristcs of charity for the societye such as healthe educatone philanthropye as well as culturee ecologye historical heritagee labore micro-credite among other objectves of the organized public civil societes. Currentlye tax incentve laws grant benefts for associatons that receive donatons. Howevere the donatons ofen do not provide any benefts for their donors. The Green Coins arrive so as to revolutonize the form of thinking about donatons of the charitable enttese with benefts for the entre society. Such ase in Brazile the charitable enttes can approve projects aimed at children and adolescents by means of the Municipal Fund for the Child and Adolescent (FUNCAD)e the donors of which can deduct up to 6% from the Income Tax payable for the year. The charitable enttes can create their own Green Coins and ofer to their donors and collaborators coins that can be used in the local markete such as Restaurantse Supermarketse Showse Movie Theater and even Services of any kinde as well as deduct the amounts from their Income Tax. In other wordse the whole society can beneft with noble causese improving the life of thousands and even millions of persons involved in the social projects.

(ii)

Blue Coins

The Blue Coins will be currencies created by companies that intend to obtain fnancing in the markete with the promise of remuneratng such currencies in a given tme stpulated in the ICOs. Whoever acqhuires such currencies will have the certainty of the remuneraton in the periode by earning the interest and bonusese depending on each casee as determined in the White Papers of each Blue Coin. 9

The Blue Coins in theory can be comparable to the debenturese which are instruments of credit that represent a loan that a company obtains with third partese which are subject to issuance in the securites exchangee and that assure for their holders a right against the issuere on the conditons shown in the deed of issuance. The major advantage of the Blue Coins over the debentures is in relaton to their rapid procedure for issuance and low cost for the companiese as well as all of the assurance guaranteed by the BlockChaine by means of liqhuiditye low cost of transacton and possibility of exchange between third partes due to the fact that is a digital peer-to-peer currency.

(iii)

Goldi Coins

The Gold Coins are the major trend in the actualitye by means of the "tokenizaton" of assets of companiese the BOMESP intends to revolutonize the market of existng assets. Companies may issue their own currenciese but more than thise may impose rules for their currencies by means of the Smart Contracts in order to provide more atractveness for their investors. When a company makes an IPOe it opens its capital to the markete capitalizing itself with the promise of paying dividends within a given period of tmee and also by means of a complex system ofered by the fnancial insttutons that is of expensive maintenancee with computers created in the f0’se such as the mainframes. With the ICOse the companies may issue their own currencies in the BlockChain (YOURCOMPANY COIN) and print their own rulese such as in the case of the NIOBIUM COIN. The possibilites are numberlesse inasmuch as the Colorful Coins can be created on the BOMESP platorme by means of codifcaton of the Smart 10

Contracts and by being associated with an immense number of possible usese such as lotery tcketse insurancese gif cardse discounts in storese votng powers in meetngs and much more.

VII.

THE BOMESP SERVICES AND THEIR PRICES

The BOMESP will be a platorm for tradinge intermediaton and purchase and sale of Colorful Coins. The BOMESP has the objectve of bringing the ICOS to the business realitye enabling at all levels of the society access to the new technologies of the BlockChain. Simplifed access for the companies that represent the frst sectore proftable companiese non-proft organizatons of the third sector and for the State Governments that represent the second sector of the civil society. The BOMESP will provide facility for its users in the handling of the Green Coins and Blue Coinse as well as conditons for the more experienced investors to operate with the Gold Coins in a platorm of high technology in real tmee with eqhuality with the lead virtual currencies as is the case of the Bitcoine Ethereume Ripple and of the NIOBIUM itself. The principal services provided by the BOMESP will be remunerated in NIOBIUMse which will ensure utlizaton of the currency on their platorm.

VIII.

THE BOMESP VIRTUAL CURRENCY

The NIOBIUM COIN will be the fuel currency of the BOMESP platorme which will give rise to its maximum appreciaton.

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IX.

INVESTMENT IN AUTOMATIC TELLER MACHINES (ATMs)

Afer the perfect operaton of the BOMESP and circulaton of the NIOBIUMe one of the principal plans of the BOMESP is the investment in automatc teller machines (ATMs) for Bitcoinse Ethereuns and NIOBIUNse which will enable the availability of such currenciese as well as of the Colorful Coins (YOURCOMPANY COIN)e in the principal commercial sites around the world. Currentlye there are hundreds of ATMs operatng around the whole world according to informaton of the coinatmradar.com.9 This will be one of the highest points of the BOMESP for the Colorful Coins transactonse since the ATMs for virtual currencies will provide immediate liqhuidity for their holders. The Bitcoins automatc teller machines are common throughout the world and there already exist hybrid Ethereum and Bitcoin ATMs ofering their services to the Ethereum communitye including the NIOBIUMe which seeks to convert the local fduciary currency - FIAT directly into the Ethereum or vice-versa. While the traditonal Bitcoin automatc teller machines are designed to convert fduciary currency into digital Bitcoinse the Ethereum ATM can do this and much more. In additon to actng strictly as an automatc teller machine to withdraw and deposit moneye future uses of the Ethereum ATM include the capability of interactng with smart contracts and other programmable items in the Ethereum block chainse even such as votng in a resoluton of a decentralized autonomous organizatone as is the case of the NIOBIUMe which will have the power of bringing to its community all those that possess the NIOBIUM. X.

THE ICO OF THE BOMESP VIRTUAL CURRENCY – NIOBIUM COIN

Token Details Token Compliance: Token Name:

ERC20 NIOBIUM

9htps://coinatmradar.com/

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Token Symbol: Token Decimals: Token Inital Quantty: Token Mintable: Token Transferrable: Token ENS:

NBC 18 0 (Will be minted at the tme of contributon) Not mintable post ICO closure. Not transferrable tll ICO closure. niobiumcoin.eth

Stage 1: Pre-presale Details Amount to be raised in pre-presale: 500 ETH Price: 1 ETH = 600 NBC Pending will be flled in Crowdsale: Yes Stage 2: Pre-sale Details Any Pre-sale: Yes Amount to be raised in Pre-sale (above pre-presale): 10e000 ETH Price: 1 ETH = 450 NBC Pending will be flled in Crowdsale: Yes Stage 3: Crowdi-sale Details Crowdsale Type: Max Cap: pre-presale) Min Cap: Cryptocurrency involved: Pre-sale/Crowdsale Start (Approx.): Pre-sale/Crowdsale End (Approx.): Pricing in: Escrow: Signatures)

ETH Capped 564e000 ETH (including pre-sale & 100 ETH ETH and BTC 9 AM UTCe Jan 15e 2018 12 PM UTCe Feb 31e 2018 ETH and BTC Yes (ConsenSys MultSig Wallete 3

Team Bonus Allocation over NBC: Name (Adidiress) Team Bonus

Amount (%)

Comments

10.00% Bonus for Founding members - 10 founders

Advisors

2.0% Key peoplee advisorse and infuencers

Reserved Coins:

50% (ConsenSys MultSig Wallete 3 Signatures for using for the BOMESP platorm only) 13

XI.

THE BOMESP AND NIOBIUM ROADMAP

Our team will proceed with due care to minimize the potental loss of assets. Once the Smart Contracts are implemented in the Ethereum BlockChain as an immutable codee it is partcularly crucial that all of the procedure be rigid and easily usable so as to cope with possible errors. As part of the development processe we rely on independent professionals and on auditng of sofware for all of the Smart Contractse in additon to our internal verifcaton pipeline. This encompassing testng routne has a term for executon that is refected in the foreseen launching schedule. The NIOBIUM resources will be launched in the following order: Development of the project: June 25e 201f to July 31e 201f Development of the codes for the project: August 1e 201f to September 1e 201f Updated adjustment: August 28e 201f to August 31e 201f Pre-presale: November 20e 201f to November 30e 201f Release of the ImToken Wallet app: September 1e 201f to September 3e 201f Sales business plan: September 6e 201f to November 11e 201f Released plan: September 15e 201f Central NBC platorm: September 11e 201f to September 29e 201f Tests + Revisions Audit: September 20e 201f to September 29e 201f * Launching of the Marketplace: October 1e 201f Pre-sale: November 20e 201f to November 30e 201f Crowdsale: November 30e 201f to December 31e 201f Development of the BOMESP platorm: November 16e 201f to November 16e 2018

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Partnerships with ATMs around the World: June 1e 2018 to December 31e 2018 Implementaton of ATMs in strategic business sites: December 1e 2018 to January 1e 2020

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XII.

CONCLUSION

The existence of the Ethereum technology for the BlockChain rendered viable the creaton of the SÃO PAULO VIRTUAL BUSINESS CURRENCIES EXCHANGE (BOMESP)e impelled by the NIOBIUM - NBC. The innovatons provided by the NIOBIUMe as a result of the use of the smart contracts of the Ethereum platorme are numerous as described in this White Papere stressing the fact that each NIOBIUM will only be created if someone pays for ite i.e.e they will be created based on the payment and not at random. The BOMESP arrives so as to revolutonize the ICOs in the entre worlde opening a feld never imagined by the smalle medium and large-size companiese the necessity of fnancing of their projectse which are totally reliant on the Banks and Capital Markets. In the BOMESPe the companies may launch their own assetse known as tokense assets or also virtual currenciese ofered on a platorm for trading with currencies that are entailed to the productone to the servicese to the eqhuity/assets of the companiese or that can be guaranteed or backed by their credibility and reputaton in the business markete giving rise to millions of transactons per second. Welcome to the BlockChain Revoluton by the BOMESP and NIOBIUM COIN.

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XIII. REFERENCES

(1) htps://www.economist.com/news/briefng/216ff228-technology-behind-bitcoin-lets-people-whodo-not-know-or-trust-each-other-build-dependable (2) htps://coinmarketcap.com/currencies/ethereum/ (3) htps://en.wikipedia.org/wiki/The_DAO_(organizaton) (4) htp://money.cnn.com/2015/11/02/technology/bitcoin-1-billion-invested/index.html (5) htps://coinmarketcap.com/currencies/views/all/ (6) TAPSCOTTe Don - “BlockChainRevoluton - Como a tecnologia por trás do Bitcoin está mudando o dinheiro, os negócios e o mundo” (BlockChainRevoluton – How the technology behind the Bitcoin is changing the moneye the businesses and the world) / Don Tapscote Alex Tapscote SSo Pauloe SENAISPEditorae 2016. (f) htps://en.wikipedia.org/wiki/EthereumSSmart_contracts (8) htps://en.wikipedia.org/wiki/Inital_public_ofering (9) htps://coinatmradar.com/ (10)htps://www3.bcb.gov.br/normatvo/detalharNormatvo.do? method=detalharNormatvo&N=1140092ff (11) htps://www.criptomoedasfacil.com/banco-central-e-contra-regulacao-do-bitcoin/ (12) htp://www.cvm.gov.br/notcias/arqhuivos/201f/201f0f13-2.html

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