An Inclusive Finance Platform leveraging Gold and the Blockchain Technology
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Project Introduction Project Briefing, Technical Summary
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04 Time line, Subscription,SGC Issuing
Team Members
Funding Plan / Potential Risks Funding Requirements, Potential Risks
Project Briefing and Technical Summary
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1 Issuing of crypto-currency Shared Gold Coin (SGC) to crowd fund the EnjoyGold (EG) project. The SGC can be used for paying transaction fees in the EG platform. SGC is also positioned as a general crypto-currency for other sharing economy platforms.
3 EnjoyGold is a gold-sharing platform that effectively realizes the people’s Bretton Woods System through a Dapp approach.
2 EnjoyGold mints a crypto-currency coin EGG that is pegged to gold when users invest in gold. EG will burn the EGG coins when users choose to redeem the EGG with other crypto-currencies or fiat currencies.
Bretton Woods System
Belt & Road
4 EnjoyGold would be THE IDEAL cryptocurrency platform for the Belt & Road Initiative enabling transactions and wealth sharing in a common, trusted, asset - gold
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EnjoyGold is a gold-sharing platform that is destined to be the global inclusive wealth-sharing platform
Cross border microremittances
Savings
Micropayments
Micro-credits
Vouchers
Supply chain finance
1-3 EnjoyGold Represents a Completely New Concept of sharing wealth EnjoyGold is launching a crypto-currency (EGG) based on real gold, combining the convenience and security of cryptocurrency and the intrinsic value of gold. EnjoyGold will also provide a payment platform with gold-backed liquidity and the real time validation and settlement capabilities to enable inclusive finance globally. EnjoyGold enhances purchasing power by integrating to voucher schemes and providing income earning opportunities through activities such as Supply Chain Financing EnjoyGold’s vision is to make EG Gold coin EGG the preferred gold-backed crypto-currency for importers and exporters participating in China’s the Belt & Road initiative. EnjoyGold is payment, loans, savings and credit platform for families, for the financially excluded and high net worth individuals. Enjoy Gold is a commerce and payments platform without parallel.
Crypto-currency
Real Gold
Crypto-currency is only available t o a minority of technically able people. Cryptocurrency and fiat currency share the very same property – a promise without intrinsic value.
Gold is usually associated with high net worth people and government. Fractionalising Gold on the distributed ledger gives ordinary people safe and secure use of gold without the worry of security.
1-4 One billion migrant workers globally without a cost-efficient mechanism to remit funds cross-border Two billion people without effective access to financial services The global micro-remittance market is over $600 billion, steadily growing at 5% pa Top Remittance corridors 2015(Billion)
Recipients 2016(Billion)
1-5
Current State — High Cost on Remittances & Micro-Credit Agencies
EnjoyGold — Family Wealth in Gold，meeting your Goals
• Heavy fees on remittances, charging exorbitant forex spreads and fees which average 5-10%; • Unmanageable interest fees on microcredit, which puts many borrowers into a debt trap.
• Gold-backed savings and sharing; • Gold is the savings medium of choice for billions; • Interest free loan on gold asset so you don’t need to sell; • Income generating • Accessible retail cash and e-voucher distribution channels
Benefits for Migrant Workers
• Shared financial inclusion and asset building • E-voucher distribution to enforce household discipline on budgeting and targeted spending • Achieves real savings, for real people. • Financial empowerment for the family
1-6 EnjoyGold Is A New Way Of Saving And Sharing Wealth •
EnjoyGold creates a gold-backed crypto-currency and facilitate borderless and seamless remittance, payment, loans and credits platform.
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EnjoyGold provides real time, blockchain-based mobile wallets for convenient saving and money sharing - all backed by gold at low-cost.
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EnjoyGold promotes financial inclusion and empowerment. – Addressable market is migrant remittances, extending to broadly across the trade finance and payments ecosystem.
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EnjoyGold invests in Royal Mint Gold held in London on the ledger of the Royal Mint Gold which shared between EnjoyGold members. – Investments are in the form of grains, in units of 0.0001 grams to enable easy conversion into most currencies.
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EnjoyGold is built on a shared ledger architecture – Built on top of a Blockchain-based platform where records movements on accounts, limits, loans, interests and entitlements are tracked in the shared ledger, with interfaces to Royal Mint Gold (RMG) .
1-7 01
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The EGG is a crypto-currency acting as the remittance media on the EnjoyGold platform. EGG is equivalent to 0.0001 g of gold, and it will be issued when the consumer invests on gold. The EGG can be redeemed to the value of 0.0001 g of gold at anytime. The EGG will be burned during the redemption process.
The SGC will be issued on the Ethereum through the ICO process, it will represent the right of use of the EnjoyGold platform. It does not imply any rights of equities or bonds. SGC will be capped in 100 million coins. SGC is ERC20 compliant and supporting the Ethereum wallets.
When the consumer invests in EGG or redeems EGG, he/she will need to pay transaction fee to the EG operator. The transaction fee will be set by the EG operator. The transaction fees can be paid either by EGG or SGC.
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The SGC holder can invest up to 100 times of the number of his/her SGC holdings in EGGs without any service fee, and that after, he/she will get half of the transaction discount for any additional EGGs purchased or redeemed. SGC holders will be exempted for any other service fees on the EG platform.
EG operator will burn a certain amount of SGCs based on the revenue generated by the EG operations. SGC price may be impacted by the burning of SGCs.
Enjoy Gold’s financial report will be audited every year and published on its web site. The total loyalty paid in EGGs will be published. The loyalty EGGs will be purchased by the EG operator.
Note: Service fee in EG platform will be a certain percentage of the value of the EGG purchased. For example, If a SGC holder holds 10 SGCs, then he can invest in up to 100*10 EGGs without any service fee incurred. He will get half discount on transaction fee when investing in additional EGGs. For transaction types other than buy and sell gold, SGC holders will be free of charge.
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Contribute to the building of the first Gold-sharing platform — a global inclusive finance platform
As SGC is capped, and every year according to the EG’s revenue, a certain number of SGC will be burned. The reduction in the number of circulation will impact the price of SGC. SGC will be a deflated cryptocurrency.
SGC holders has the license to use the Gold-sharing platform. SGC can be used to pay the service fees in the EG platform, and other sharing economy platforms like the future development of precious metals trading platforms. EG platform is already running as one of the prototype platforms, the future will have more sharing economy platforms such as precious metals like silver, platinum or diamond, etc
Gain the service fee discount in using the EnjoyGold Services
1-9 Although there are other players in the market none provide a complete financial solution for the financially excluded
Lending
Spen ding
Remitt ance
No Interest charge
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WeGold
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Western Union
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AssetBacking
Blockchai n
Privac y
Accounta bility
Saving
EnjoyGold
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Zengold
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Digix
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Onegram
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GoldMint
Free Transac tions
1-10-1
EnjoyGold as a gold-sharing inclusive financial platform, in the global context, in the realization of part of the business module has carried out a series of cooperation, such as: e-commerce, foreign currency exchange transfer and cross-border payment. At present the initial establishment of six core partners:
Bank ,an African bank that has branches in nine countries British Royal Mint, a 1,200-year-old gold storage and management company in London Tradle, an innovative platform based on the characteristics of the block chain technology to provide KYC services to customers Global financial information partner GetBuild, e-commerce platform in Africa, integrated SME payment, logistics coverage of 2 million businesses Witmart, one platform with 14 million users of Chinese enterprises
SCF Capital Solutionsl, a supply chain financial service provider supported by the United Nations Green Development Fund and the South African Development Bank
According to our expectations, EnjoyGold will have millions of potential partners globally,including business models, technical architecture, EG platform drives SGC to play a more powerful role in the sharing platform in not far future.
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1. Enjoy Gold and SCF Capital Solutions (SCF) signed a strategic partnership agreement; as to Enjoy Gold's block chain platform and SCF main businesses, joint technology development, program implementation and marketing and so on. 2. 2016 Green Climate Fund funded SCF with the South African Development Bank (DBSA) project amounted to $ 12.2 million. (http://www.greenclimate.fund/-/gcf-concludes-final-meeting-for-2016-approves-usd-315-million-in-fundi-1) 3. SCF and China GRG Banking Equipment Co., Ltd. signed a strategic cooperation agreement; focus on the block chain technology based on the financial supply chain platform construction.
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Compatible with cards, cash accounts and payouts through standard APIs
No credit risk – all transfers collateralized by EnjoyGold
Chinese Importer
Secure KYC, anti-fraud and AML processes
African exporter
No foreign exchange spreads or fees - no need to buy/sell expensive dollars
1-12 Bank A
IPFS 4’
4’’
6 1
3 EG Wallet
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EG Business Logic
5 Notary 9’’
8 2
Fabric
Bank B
R3 Corda Notary
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Bank C
Swift 9’’’
1. User invests gold 2. EG buys gold
4’’. Alternatively EG publishes EGG certificate hash to Bitcoin 5. EG publishes certificate documents to IPFS
7. User sends EGG
3. EG issues EGG
6. User pays transaction fee in SGC or EGG
9’. Banks support R3 9’’. Traditional interbank transaction
4’. EG publishes EGG certificate hash to Ethereum
8. Transaction share ledger consensus
Bank D
9’’’. Banks support Fabric
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AGent API
Customer app E-commerce connector
Agent App
Customer Data Know Your Customer Services,Fraud Deteciton&AML
Loan Processing
cloud
FX&Payments Process
Client Service Collections
Reconciliation Processing External Bank API
Bank Channel
Gold
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Ethereum Bitcoin
Wallet
IPFS
Internet
2C Environment
Corda
Notaries Regulators
2B Environment
CAs
eCommerce Platforms
Enjoy Gold Business Backend
Gateway
Banks
Proprietary Blockchain
Firewall
Extranet
DMZ
Fabric
Enjoy Gold Platform
Team Members
2-1
E x U K Tr e a s u r y, H S B C , Standard Bank and Reuters
Executive Director Senjo Group, Ex First D a t a , S u n Microsystems, Cray Research
Ex IBM Australia Chief Software IT Architect for Finance Industry, GM,CTO of cloud computing companies in China
Ex Development Bank of Southern Africa, Ex Rothschild, Ex Nedbank
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Huang LianJin Advisor Former chief block chain expert in HUAWEI. CISSP (ISC Registered Information Systems Security Specialist). He has worked with CGI for more than 18 years as a Security Technical Director, Cloud Security Director and Chief Security Architect,etc.
Zennon Kapron Advisor An experienced financial industry practitioner with deep global experience in all aspects of fintech including banking, payments and capital markets technology. Currently a Director at Kapronasia, one of Asia's leading financial technology research and consulting firms.
Joe Chou Advisor He received his Masters degree from Massachusetts Institute of Technology in 1992. Since 1994, he entered into Wall Street, had successively served as a senior executive in SAC, Wellington and other worldclass Asset Management Co for fifteen years.
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Haiwu He
Kong Thalia
Tao Yun
Advisor
Advisor
Advisor
Pr. Haiwu HE is a 100 Talent Professor at the CNIC (Computer Network Information Center)
BS Chemical Engineering, University of California at Berkeley.MBA, Webster University at Vienna, Austria & St. Louis, USA. Has extensive experience in Cloud Computing and Smart City Solutions. Director of International Business Development for Global Green Development Capital (GGDC)
Ph.D. Ecology, University of Illinois at UrbanaChampaign, USA M.S. Plant Pathology, Beijing Agricultural University, China B.S. Plant Pathology, Beijing Agricultural University, China
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Iven Zeng Developers Blockchain enthusiasts and ecosystem explorer, has 16 years ICT related experience in multinational corporations,HUAWEI,ZTE, Motorola.
Henry Zhang Developers Chief Architect, Cloud Native, VMware China R&D
Tang Yi Developers Doctoral, professor, in 1993 to enter the Guangzhou University to teach, the main research direction: information security, artificial intelligence.
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Shao Zhou
Jiahao Chen
Rober Seabrook
Developers
Developers
Developers
TOGAF certified solution architect, information security and risk management expert
Software Engineer at
Ex CEO Credit Suisse Africa
Vmware
Time line, Subscription, SGC Issuing
3-1
Complete ICO Complete partnerships with bank and RMG Establish sales and marketing team
2017.9.15
2017.12.31
Complete EG Core Platform
Complete Blockchain platform, Complete EG Mobile Wallet, Complete Business Logic
2018.3.31
2018.6.30
Begin Pilot
Launch SCF services
Begin the EG remittance pilot program
2018.9.30
Integrate SCF (supply chain financing） services with EG platform
2018.12.31
2019.3.30
Complete Demos
Complete API and Interfaces
Launch multicountry service
Build core EG blockchain platform demos Build EG mobile wallet demos
Build interface to RMG Create platform APIs to banks
Deploy EG services to multi-countries
2019.6.30
2019.3.30
Launch Vouchers Integrate eCommerce payment with EG
3-2
Funding plan Tolal ICO token target
400K ETH
Lower limitation
50K ETH
Length of time
2017.8.20-2017.9.15
Accepted Coin
ETH
SGC total token supply
1Bn
SGC circulation
700Mn
Public subscription Subscription stages
PreICO
ICO(Day1-Day10)
ICO(Day11-Day20)
Discount ratio
50%
20%
10%
1 ETH
6000 SGC
3750 SGC
3333 SGC
Investment description： 1. SGC represents the right to use the EnjoyGold platform and does not represent any equity or claims 2. EnjoyGold wallet will facilitate SGC holders to invest in EGG and register their SGC property rights 3. The team is holding SGC token, which address will be publicized after ICO, unlock 20% per year, 5 years completely unlock; the ETH raised does have non-lock-up period
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2018
2019
2010
2021
2022
unding Requirements, Potential Risks
4-1
Gold and Major Currency Hedging
Bug Finding Rewards Contingency
Advisory Services in Legal, Accounting, Technology and Third-party Partners
Marketing and Promotion Activities
EG Blockchain Platform, Wallet, Interfaces, APIs, EG Business Tiers Development
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Risk Description
Mitigation Strategy
Residual Risk
Number
Risk Kinds
1
Market Risks
Mainstream crypto-currency Bitcoin, Ether price crash, high volatility of gold price
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Put in place hedging strategies
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Legal Risks
ICO subject to new regulatory compliance
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Enforce compliance mechanisms. Carry out continuous disclosure activities
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Technology Risks
Blockchain platform not mature, change of technology direction
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Closely follow up the new technology development
medium
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Financial Risks
Not raising enough funds
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Consider more avenue for fund raising
medium
5
Schedule Delay Risks
Delay of the development milestones
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Apply best practices in project management and agile development
low
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Human Resources Risks
Lack of skilled developers and team members
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Conduct training at work Design good HR strategy
low
medium
low