CROWDFUNDED CRYPTO MINING - Fx empire · 2018. 8. 9. · CROWDFUNDED CRYPTO MINING In The Netherlands. ROI Forecast This is merely a forward-looking assumption that can change at

SECURIX | 1OPERATIONAL READY

PRODUCTTOKEN VALUE

BACKED BY ASSETSTOKEN BUYBACK

AND BURN PROGRAM

CROWDFUNDEDCRYPTO MININGIn The Netherlands

ROI Forecast

This is merely a forward-looking assumption that can change at any given time.

15,000

10,000

7,500

5,000

BTC Value

137%229%

90%44%

Deployments of Crowd Sale FundsThe crowdsale funds will be deployed as follows

85 percent of funds raised during the Crowd sale will be used to set up Securix mining facilities, including the purchase of mining hardware, electrical upgrades, transport and duties.

15 percent will be used to cover marketing and administrative expenses, including incorporation and legal support.

During the crowdsale, we will have the infrastructure and electricity upgraded to handle tens of thousands of mining units.

JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY

Pre Sale Start whitelisting04 AUGUST

End crowdsale31 OCTOBER

Start of Operations

First Output

Deployments of Tokens77 percent of all Securix tokens is allocated to contributing participants in the Securix Community.

15 percent as sole remuneration for the founders. (locked for 12 months, then released in batches of 5% each month)

6 percent for Research and Development.

2 percent for the ICO Bounty Program.

Founders token release mechanicsThe Founders tokens are locked from 31 October 2018 till 31 October 2019. Starting from October 2019 the Founders will receive each month 5% tokens from their 15%.

+30%04 AUG - 06 SEP

+20%07 SEP - 19 SEP

+15%20 SEP - 30 SEP

+10%01 OCT - 07 OCT

+7.5%08 OCT - 15 OCT

+5%16 OCT - 23 OCT

+0%24 OCT - 31 OCT

Bonus Structure

The actual figures can be different. This information should not be regarded as an offer or a solicitation to buy SRXIO tokens and is solely a forward-looking assumption that can change at any given time.

45%GROSS REVENUE SHARE FROM ALL OUR MINED BITCOINS

Our location, the NetherlandsToken buyback burning program

45% Gross revenue share

24,000 Units, 24,5 BTC

10,500 Square metres

EAN to EAN Decentralised energy purchase

A Real time Token/crypto rate. Avoiding the volatility risks for everyone

Capped bonus preventing devaluation

Website live23 JULY

Start crowdsale07 SEPTEMBER

[email protected] www.securix.io

GROSS REVENUE ALLOCATION

No costs, no hidden fees, an honest gross revenue share. Up until now, the preference in the token industry has been for a net output share. Securix has decided to implement an industry-first gross revenue share. This structure is transparent, straightforward and the token holders are not left with uncertainty regarding hidden costs. From every mined Bitcoin, 45% in crypto will be divided among all token holders. The token holders are exempt from all entrepreneurial risk. Securix bears these risks.

Mined Bitcoins and transparencyOur business is run with honesty and transparency. Each month, we will publish our total mined Bitcoin volume in our Mega Vault App. You can read more in our whitepaper section “Securix Mega Vault” (page 34 – 35).

Why is Securix distributing Ether and not bitcoins?Our token and its smart contract are based on the ERC 20 Ethereum blockchain. Bitcoins cannot be distributed through an Ethereum blockchain. We will convert our bitcoins to Ether to automate the 45% gross revenue share to our token holders.

When can I expect to receive a passive income?As shown in our roadmap we will start mining in January 2019. Every last day of the month, starting in January 2019, our smart contract will distribute Ether to our token holders. As long as you are the owner of the token, our smart contract will send out a portion of the mining revenue to your ERC20 compatible wallet each month.

45%of the total mined gross bitcoins volume will be distributed monthly and divided among all Securix token holders by means of a smart contract in Ether.

37%of the total mined gross bitcoins volume is reserved for costs such as Electricity, maintenance and Overhead. This percentage is an estimate; costs are variable. The percentage does not influence the gross revenue output to the token-holders.

10%of the total mined gross bitcoins volume is reserved for improving our facility and/or purchasing new hardware and/or the token buyback burning program.

8%of the total mined gross bitcoins volume is reserved as gross profit for securix.io. This percentage is an estimate. It does not influence the token-holders’ gross revenue output.

SECURIX | 1

CROWDFUNDEDCRYPTO MININGIn The Netherlands

OPERATIONAL READY PRODUCT

TOKEN VALUE BACKED BY ASSETS

TOKEN BUYBACK AND BURN PROGRAM

2 | SECURIX SECURIX | 3

IMPORTANT DISCLAIMER AND LEGAL NOTICE

PLEASE READ THIS DISCLAIMER FROM START TO FINISH BEFORE YOU PROCEED. IMPORTANT INFORMATION IS DETAILED BELOW. PARTICIPATING IN THE CROWDSALE OF SECURIX.IO (SRXIO) MAY RESULT IN SIGNIFICANT OR COMPLETE LOSS OF FUNDS.

This is not a final version of the document and is provided to readers for information purposes only. None of the information provided is to be considered as a public offer to the company or individual. Relying on the information provided in this document, individuals/companies acted at their own risk and based on their own prerogative. Securix, affiliated parties and individuals are not liable for any consequences of the decisions made. LEGAL NOTICES The purpose of this white paper is to present Securix mining services and the SRXIO Token to potential donors in connection with the proposed token generation event. The information set out herein may not be exhaustive and in no way constitutes a contractual relationship. The sole purpose of this document is to provide a reasonable level of relevant information to potential token holders to enable them to determine whether to undertake a thorough analysis of the company with the intent of acquiring SRXIO Tokens. Nothing in this white paper is deemed to constitute a prospectus of any kind or a solicitation for investment, nor does it in any way pertain to an offering or a solicitation of an offer to buy any securities in any jurisdiction. This document has not been composed in accordance with, nor is subject to, the laws or regulations of any jurisdiction that are designed to protect investors. Tokens are not a digital currency, security, commodity or any other kind of financial instrument and have not been registered under any securities act nor the securities laws of any country, including the securities laws of any jurisdiction in which a potential token holder resides. Tokens cannot be used for any purpose other than as provided in this white paper, including but not limited to any investment, speculation or other financial goals.

Tokens confer no other rights in any form, including but not limited to any ownership, distribution, redemption, liquidation, property (including all types of intellectual property) or other financial or legal rights other than the 45% gross revenue share as described on page 22 Certain statements, estimates, and financial information contained herein constitute forward-looking statements or information. Such forward-looking statements or information involve known and unknown risks and uncertainties, which may cause actual events or results to differ materially from the estimates or the results implied or expressed in such forward-looking statements. This English-language white paper is the primary and official source of information about the Securix platform and Securix Tokens. The information contained herein may, from time to time, be translated into other languages or used for written or verbal communications with existing and prospective customers, partners and so on. In the course of such translation or communication, some of the information contained herein may be lost, corrupted or misrepresented. The accuracy of such alternative communications cannot be guaranteed. In the event of any conflicts or inconsistencies between such translations or communications and this official English-language white paper, the provisions of this English-language version will prevail.

ABOUT SECURIX.IO 5

THE SECURIX PROFESSIONALS 6 - 7

HEAD OFFICE 8 - 9

NETHERLANDS DATA CENTER LOCATION 10 - 11

NETHERLANDS IDEAL LOCATION 12 - 13

MAXIMISE VALUE FOR EVERYONE 14 - 15

BLOCKCHAIN MADE SIMPLE 16

TOKEN INVESTMENT CLIMATE 17

PUBLIC CROWDSALE 18 - 19

TOKEN ECONOMICS 20 - 21

GROSS REVENUE SHARE 22

MONTHLY INVESTMENT STRATEGY 23

REALISTIC PROJECTIONS AND TOKEN VALUE 24 - 25

MARKET CAPITALISATION AND PROFITABILITY 26 - 27

MINING LOCATION 28 - 29

MINING HARDWARE SELECTION AND OPERATIONS 30 - 31

COMPANY RESERVED 32 - 33

SECURIX MEGAVAULT WALLET 34 - 35

SECURIX ROADMAP 36 - 37

DECENTRALISED ENERGY PURCHASE 38 - 39

GREEN ENERGY AND THERMAL STORAGE 40 - 41

CROWDSALE BRIEF OVERVIEW 42 - 43

RISK AND MARKET CHALLENGES 44

REGULATORY PROVISIONS AND OUR TOKEN PROPERTIES 45

TOKEN EXCHANGE LISTING 46 - 47

BANKS AND CRYPTOCURRENCY 48 - 49

KYC, AML AND PEP PROCEDURES 50 - 51- 52

RESTRICTIONS FOR INVESTMENT 53

LEGAL AND OTHER RISKS 54 - 55

TABLE OF CONTENTS


IT DOESN’T MATTER WHO YOU ARE.With our smart contract token, you will receive a gross revenue share from our crypto mining operation. Anyone can benefit from our business model.

.

ABOUT SECURIX.IOMost people have heard of Bitcoin, the underlying cryptocurrency and its potential. But they have also read about the risks and daily volatile movements. You might ask yourself, how can I benefit and participate in these wonderful new instruments, and at the same time minimise my risk? Welcome to our SRXIO token. There is always a certain level of risk involved with investing, but our token is at the more stable end of the crypto spectrum. With our token, you don’t need to worry about market volatility as its ROI is calculated on a year average bitcoin price and you’re investing in our mining operation.

Our mining operation has tangible assets. This protects you from exposure to huge crypto valuation swings, meaning you can potentially earn a strong passive income with little to no knowledge about the complex underlying technology. With our tokens, you are entitled to a monthly output in crypto from our Bitcoin mining operation How does it work? Our token gives you access to our mining service and, in turn, grants you the rights to a percentage of our total mined bitcoins (“gross mining revenue”) each month. As long as you are the owner of the tokens, our smart contract will transfer a portion of the gross mining revenue in Ether to your wallet each month.

Some numbers: We do not promise the moon. Our calculations are based on a realistic annual average BTC price of USD 10,000. If we base our calculations on this rate, our token holders can expect a 137% return* on their investment – even if the average price is USD 5,000 over a year. You could still receive up to a 44% return on your investment.* That is a lot more than you could ever earn from a savings account at your bank. What if I want to sell my token? Once the crowd sale is completed, we will begin to examine our possibilities for a future exchange listing. When listed on an exchange, our token could be sold at any given time. Our investment fund has two objectives: to increase both value and output per token. You will find more detailed information on this on page 23. To date, we have successfully raised USD 250,000 in initial seed capital. Our crowd sale is scheduled to start on the 7th of September and will last until the 31st of October, to ensure that enough people have the opportunity to participate. Would you like to join us? *Please read our white paper carefully for more details regarding how this is calculated and the risks involved with cryptocurrency.

Our goal is to make Blockchain and cryptographic technology simple and accessible to a broader audience. We want a product that is simple and understandable. It is as simple as buying our SRXIO token and enjoying a passive monthly output share.


Fintech Capital Team

Founders and Management Securix and Fintech Capital

Damian Strauss, Founder and Chief Operations Officer

Brenda StadAccounting and Finance

Marcel Schoenmaker Technology Architect / IT Manager

Danny van den NieuwendijkBusiness Manager

Sascha BoumanBusiness Manager

Jacky LuAsia Pacific Regional Manager

Jack TongeGraphic Designer

Andrei KovalevskiMarketing manager

Gleb RaskinDigital Marketer

Securix.io Team

Jacobus Donkersloot, Founder and Chief Executive Officer

Our ProfessionalsWe are a team of blockchain experts, business specialists, IT developers, economists and investment experts with several decades of combined experience. What we have in common is a passion for business and blockchain technology.

Our product is based on honesty, sustainability and realistic revenue projections. Our team’s daily focus is on simplifying, and introducing more people to, the brilliant world of blockchain technology and on offering a way to create a passive income. Every team member has a no-nonsense personality and communicates in the typically Dutch way: “Getting straight to the point”. The team’s composition reflects the different experiences and generations of its members. We believe it’s essential to focus on innovation, new possibilities, stability and personal

development. We want to challenge each other every day to maximise our productivity.

Fintech Capital B.V. is responsible for the mining operation. Our professional team works for both Fintech Capital B.V and Securix. Our team will ensure that we have the most efficient mining operations possible. We will hire and expand when necessary to ensure that we have the best staff in the industry.

Experts With Decades of ExperienceSecurix.io partners with leaders of industry. Each has their own unique specialisations, but all are selected in accordance with our core values. The most important values for us are honesty, transparency and durability.

With our down-to-earth mindset and enthusiasm, we are creating opportunities for everyone, with and without experience in blockchain technologies.

ADVISORS AND PARTNERS

Jimmy CoxDTS Tax Solutions

Hendrik Jan DuijnDTS Tax Solutions

Advisory Team


TOKEN JURISDICTION Transparency We strive for full transparency. For that reason, on this page, you will find our company structure. Our Securix head office is located in a tax-free zone in Dubai, United Arab Emirates. The crowd sale and the token and smart contract generation with all its legal and marketing activities are being held under the jurisdiction of Dubai, United Arab Emirates, and managed by Securix FZ LLC in Dubai. Our mining operation is located in the Netherlands and is hosted/operated by Fintech Capital B.V. Fintech Capital B.V. is responsible for the mining operation, and Securix FZ LLC is 100% owner of Fintech Capital B.V. Our professional team works for both Fintech Capital B.V and Securix. We will hire and expand when necessary to ensure that we have the best staff in the industry. Our team will ensure that we have the most efficient mining operations possible.

Operations

Management

Legal and Fiscal

Finance and Accounting

IT ManagerExternal Accounting

4 x Data Manager

8 x Floor Walker

DUBAIHEAD OFFICE

Securix FZ LLC Trade name: SECURIX /SECURIX.IOChamber of Commerce / Licence NO 47001024Legal Form: Free Zone Limited Liability Company Website: www.securix.io

Dubai, a global hub for trade economics and innovation, is looking to incorporate blockchain technologies into the daily economy. The country is a firm believer in the blockchain technologies. Smart contracts are playing a major role at the NBD bank, replacing the paper contract. The United Arab Emirates aims to be the first blockchain-powered government in the world by 2020.


FACTS ABOUT THE NETHERLANDSInternet speedDue to the presence of the Amsterdam Internet Exchange, the Netherlands has become one of the world’s most significant Internet hubs. The Dutch IT sector is working on a business and investment climate that enables companies to continue building on the digital infrastructure of the future.

Politically stableThe Netherlands is well known for its consensus model in both politics and economics. Its very trustworthy and stable government makes The Netherlands the perfect location for our mining operation.

TrustTrust is an essential pre-condition for the growth of the digital economy. Businesses and citizens must be able to assume that services will be provided, that their infrastructure will be reliable, that their data will be adequately protected and that sufficient attention will be paid to combating abuse and cybercrime.

InfrastructureDigital infrastructure is the foundation of our digital economy. The Netherlands has an excellent, open, reliable and secure Internet and electricity infrastructure that is among the best in the world.

NETHERLANDSDATA CENTRE LOCATION

OPERATION OFFICE Fintech-Capital B.V. Chamber of Commerce / License No.: 71204628Legal Form: Private CompanyVAT number: NL 858621642B01Website: www.fintech-capital.org

MORE THAN BTC 24.50 PER DAY. The decision on our mining location is based on four considerations: Strategic Placement, Safety, Security and Scalability. Our facilities cover more than 10,500 square metres and can accommodate up to 24,000 units capable of generating more than BTC 24.50 per day.


WHY THE NETHERLANDS

0

0.05

0.1

0.15

0.2

0.25

Germany France Netherlands United Kingdom

< 20 MWh 20 - 499 MWh 500 - 2000 MWh 2000 - 20000 MWh 20000 - 70000 MWh

(Source: Dutch Datacenter Report 2017)

Favorable energy prices

Lowest key market energy price in Europe Industrial electricity prices in selected countries 2016

€

€

€

€

€

€

In the data driven economy you need to deliver twenty-four-seven without any delay

6 ms 9 ms 12 ms

Combined aggregated average latency in ms

500 Million customers

The Reliable Power FactorFive major electricity generating companies sell through nearly 30 regional and local energy distribution companies. The only ‘Transmission System Operator’ is ‘TenneT, which is fully owned by the central government. Distribution System Operators (such as Liander, Stedin and Enexis) account for the regional network operation and connect customers to the grid and provide the transport of electricity.

The Netherlands has the lowest number of minutes of energy loss and energy interruptions per year in Europe. (Source: CEER 2016)

Most reliable energy grid in Europe: • 99.995% availability over the past 14 years• Data centres > 1000 m2 green energy usage at 95%• Ample green energy capacity to scale up• Continuous grid investments

The Ease of Doing Business In The NetherlandsThe KPMG ‘Competitive Alternatives’ report (2016) explores the most significant business cost factors in more than 100 cities and 10 countries around the world. The Netherlands is regarded as the best alternative for the U.S. in Europe, with an average cost advantage of 12.3%.

Tax system made for international businessNo double taxation on foreign income and no withholding taxes. Multinational and smaller companies have established their headquarters in the Netherlands to benefit from the pro-business environment, tax incentives, multilingual labour force, well-developed infrastructure and quality of life. Additionally, the government and tax administration of the Netherlands facilitate this environment by offering advance tax certainty (rulings) and consultations on planned investments in the Netherlands.

Corporate income tax: • 25% general rate• 0% on qualifying dividends• 5% on qualifying innovation income• tax efficient value chain structuring• No double taxation on foreign income

Withholding taxes in the Netherlands• Low or no withholding tax on dividend distributions to the

shareholder (under tax treaty or co-operative structure)• No withholding tax on interest payments and royalties Income tax and wage tax• Income taxed at effective rate of 36.55% with a maximum

of 52% (including social security contributions, 2016)• Tax incentive (“30% ruling”) available for expats, including

R&D staff

EUROPE’S NETWORK HUB

Lowest Average Latency in EuropeAn Ideal Climate and Power Grid for Data CentresHome of the world’s largest exchanges; The Netherlands provides a unique ecosystem for the data-driven economy. The population is eager to adopt new digital technologies. The Dutch outside air is cold enough. Below 22° Celsius to permit sustainable data centre cooling 97% of the year. The predominant wind direction in the Netherlands is southwest, which creates a moderate maritime climate,

with warm summers and cold winters, and typically high humidity. This is especially true close to the Dutch coastline, where the difference in temperature between summer and winter, as well as between day and night, is noticeably smaller than it is in the southeast of the country.

14 | SECURIX SECURIX | 1514 | SECURIX SECURIX | 15

MAXIMISINGVALUE FOREVERYONE

I am well acquainted with the Fintech ecosystem, blockchain, IOT and the AI revolution that are disrupting multiple industries across the board. My strengths lie in three key areas: multi-channel project management, business development and change management. My duties include overseeing motivated teams to ensure they exceed targets. As such, I consistently exceed expectations.

While thriving on driving revenue growth and delivering company expansion, I am very personable and easily facilitate clear communication with technical and non-technical teams. I believe this is a critical aspect to delivering the high service levels that a discerning international client base demands.

My robust track record of achievement demonstrates my ongoing success across multiple industries.

Resilience and persistence are the cornerstones of my work ethic, resulting in enhanced profitability.

Jacobus DonkerslootCEO of SECURIX.IO

My vision is for nobody to be excluded from blockchain technology. Everyone who participates can benefit from our product”

What Makes us a Success?

A dedicated team of professionalsOur dedicated team of professionals will be the key

to our success! We have the best team members working on our product.

Decentralized energy purchaseDirect purchase of energy on the EPEX spot market

and the EAN to EAN platform.

Deciding on mining hardware purchaseOur PUP model determines which hardware to

buy.


TOKEN INVESTMENT CLIMATEA token crowd sale – a standard way of starting a project in the cryptocurrency world – will be used to generate the seed funding needed to support our project goals.

A token crowd sale, a standard way of starting a project in the cryptocurrency world, will be used to generate the seed funding needed to support our project goals. 2017 was the year of the Initial Coin Offering. The market was teeming with Frankenstein ICO projects pumping blockchain concepts into dubious business plans raising more than USD 6 billion. Estimates from Baker & McKenzie law firm in London suggest, however, that approximately 80% of all ICOs were fraudulent. Against this backdrop, legislative watchdogs delivered legal half-measures, resulting in haphazard rules. 2018 should be the year when cryptocurrencies with identifiable tangible assets are in vogue. According to Coinschedule, the amount raised in 2018 is already more than USD 12 billion. That is almost 309% of the total raised in all of 2017. However, ICObench reports that more than 180 new ICOs are already scheduled for launch this year, many of which are dipped in fiction. Investors, qualified or not, should begin to realise that investing in a mere idea from an ICO white paper without any proof of underlying assets is reckless. Most ICO’s still have to implement and develop their product. And theire product must be marketed and has to conquer a market share. These are nice white papers, but they lack a follow-through plan like the one prepared by Securix.

We do not have to develop a product. The refrain “We’ve got a solid team, a realistic project idea and industry experience” should no longer justify the investment. Securix has a strong team, a realistic project idea and industry experience. Unlike other companies, Securix firmly believes that you need to deliver and execute the business plan as written in the white paper. Ahead of schedule we have begun with the electricity upgrade and infrastructure.

ICO 2018Reference: https://www.coinschedule.com/stats.html?year=2018

ICO 2017Reference: https://www.coinschedule.com/stats.html?year=2017

Blockchain ExplainedIn a traditional environment, trusted third parties act as intermediaries for financial transactions. If you have ever sent money overseas, it will pass through an intermediary (usually a bank). This process can take up to 3 days, and the intermediary will take a commission. The original blockchain is open-source technology which offers an alternative to the traditional intermediary for transfers of the crypto-currency Bitcoin.

The intermediary is replaced by mining hardware – a collective verification of the ecosystem of miners, offering a vast degree of traceability, security and speed. Multiple versions of you exist as “nodes” on a network, acting as executors of transactions and miners simultaneously. Transactions are collected into blocks before being added to the blockchain. Miners receive a Bitcoin reward based upon the computational time it takes to work out a) whether the transaction is valid, and b) what the correct mathematical key is to link to the block of transactions into the correct place in the open ledger.

As transactions are executed, more and more Bitcoins flow into the virtual money supply.

Why Do I Need to Know about blockchain?There are three reasons why you need to know about Blockchain:

1 Blockchain technology doesn’t have to exist publicly. It can also exist privately. Financial institutions specifically are under tremendous pressure to demonstrate regulatory compliance and many are

now moving ahead with blockchain implementations. Secure solutions such as blockchain can be a crucial building block to reduce compliance costs.

2 Blockchain technology is broader than finance. The technology can be applied to any multi-step transaction in which traceability and visibility is required. A supply chain is a notable use case where blockchain can be leveraged to manage and sign contracts and audit product provenance.

3. The exponential and disruptive growth of Blockchain will come from the convergence of public and private blockchains to an ecosystem where firms, customers and suppliers can collaborate in a secure, auditable and virtual way.

https://www2.deloitte.com/ch/en/pages/strategy-operations/articles/blockchain-explained.html


PUBLIC CROWD SALECrowd sales are becoming an increasingly popular method of crowdfunding. This type of sale is used by start-ups that wish to develop a product or service. A crowd sale allows everyone to get an opportunity to participate and benefit from our token. Our vision is to make the blockchain technology more accessible and available to a broader public.

The Securix.io token is backed by a robust business model and a real ready-to-go-to-market product. Unlike some previous token sales that have an unclear value of the tokens, the tokens of Securix.io represent a clear value: the right to our mining service, and with that right a percentage of the gross revenue each month. It’s as simple as buying our token.

“We are confident about our token value and its sustainable future.”

ERC 20 TokensAn ERC-20 token contract is defined by the contract’s address and the total supply of tokens available to it, but has some optional items that are usually also provided to provide more detail to users. These optional items are the token’s name, its symbol and the number of decimals. The name of the token contract is the long name by which the token contract should be known. Our token contract is called: securix.io The symbol of the token contract is the symbol by which the token contract should be known. Our contract symbol is: SRXIO. Securix.io provides all token holders with a gross revenue share from the mining operation. This will be automatically transferred to your ERC20 wallet.

Fewer Risks, Less ExposureThe tokens will be issued by means of the ERC20 protocol on the Ethereum network. Ethereum is an open source blockchain that is often used for ICOs. Using this protocol will, among other things, enable our token to be traded on ERC20-compatible crypto exchanges (trading platforms) in future. This makes it very easy to both issue and trade our SRXIO tokens. Our tokens can be stored in an Ethereum-compatible wallet or, as of later this year, in our Mega Vault Wallet app.

Crowd Sale Fund Allocations

85 percent of the funds raised during the crowd sale will be used to set up Securix mining facilities, including the purchase of mining hardware, electrical upgrades, transport and duties.

15 percent will be used to cover marketing and administrative expenses, including incorporation and obtaining legal support.

During the crowd sale, we will have the infrastructure and electricity upgraded to handle tens of thousands of mining units.

Disbursement of Tokens77 percent of all Securix Tokens are allocated to contributing participants in the Securix Community.

15 percent are allocated as sole remuneration for the founders (locked for 12 months, then released in batches of 5% each month thereafter)

6 percent are for research and development.

2 percent are for the ICO Bounty Program.

Founders token release mechanicsThe founders tokens are locked from 31 October 2018 (the end of the crowd sale) until 31 October 2019. Starting in October 2019, the founders will receive 5% of their 15% of the tokens each month.

+30%04 AUG - 06 SEP

+20%07 SEP - 19 SEP

+15%20 SEP - 30 SEP

+10%01 OCT -07 OCT

+7.5%08 OCT - 15 OCT

+5%16 OCT - 23 OCT

+0%24 OCT - 31 OCT

Limited Bonus Preventing Token DevaluationHow will this work during the crowd sale? Each crowd sale bonus phase has a limited quantity for purchase. Once that quantity has been sold, the crowd sale phase will end, and the next crowd sale phase with the following bonus will commence. If the limited amount has not been sold, the bonus phase will end on the set end date.


TOKEN ECONOMICSA soft cap is the bare minimum amount that Securix needs for the project to proceed. A hard cap is a maximum amount that Securix can accept. Both properties are hardcoded into our smart contract.

If Securix fails to reach the soft cap of 3,000,000 SRXIO tokens, every investor will be reimbursed by our smart contract. This will enable investors to invest in our project safely. Our maximum hard cap for operations will be 55,000,000 SRXIO tokens.

This amount has been thoroughly calculated to deliver the financial prognoses that are projected in our white paper. Any unsold tokens will be burned.

Token ownerSECURIX.IO

Token symbolSRXIO

Token typeERC20

Decimals18

Single Token price1 SRXIO = 1 USD

Minimum investment = 100 SRXIO

AcceptanceETH (Ethereum) BTC (Bitcoin) BCH (Bitcoin cash) and USD

Pre-sell start date

04 August 2018

Pre-sell end date

06 September 2018

Pre-sell minimum buy-in10,000 SRXIO = 10,000 USD or equivalent in ETH/BTC/BCH

Crowd sale start date 07 September 2018 Crowd sale end date 31 October 2018

Contract Owner 0xb444264c33eF3c8F9Ba46DF194826C22D54d0D12

Crowdsale participants 0x1216026d620562189d10C98278D3D7C373dDb5d4

Founders (locked for 12 months) 0xDD7F7dE0dC651940271f7a027E92a5ca6DE67B32

Research & Development 0x0092b8C894047f8A8C2a23E52ce47cCfA5C6b516

ICO Bounty Program 0xB692Ee46285C326226f3920A78d34450A7724b3f

https://etherscan.io/token/0xb444264c33ef3c8f9ba46df194826c22d54d0d12#writeContract


GROSS REVENUE ALLOCATION45 percent of the total mined gross Bitcoin volume will be distributed monthly and divided among all Securix token holders by means of a smart contract in Ether.

37 percent of the total mined gross Bitcoin volume is reserved for costs such as electricity, maintenance and overhead. This percentage is an estimate; costs are variable. The percentage does not influence the gross revenue output to the token holders.

10 percent of the total mined gross Bitcoin volume is reserved for improving our facility and/or purchasing new hardware and/or the token buyback burning program.

8 percent of the total mined gross Bitcoin volume is reserved as gross profit for securix.io. This percentage is an estimate. It does not influence the token holders’ gross revenue output.

28%

9% 8% 10%

45%

MONTHLY INVESTMENT STRATEGY Each month, 10 per cent of our gross revenue is reserved for investment strategy. Our investment strategy has two objectives; to increase token value and to increase output per token.

Our options:

A: Buy our tokens from the market and burn them. B: Buy new hardware and improve our facility and infrastructure.

Both options will increase value and output for each token and will improve our sustainability as a company. The decision from among these strategies is simple: which investment will give us the highest return?

BUYING BACK OUR TOKENSBuying tokens from the market will depend on the market conditions and will be done at a market price. If no tokens are available from the market, a general mailing list and telegram message will be sent to our token holders. What will happen with the purchased tokens? These tokens are burned. The token pool quantity will decrease, and the monthly gross revenue will be divided across a smaller token pool. This will increase both value and output per token.

MINING HARDWARE PURCHASEWe can negotiate exclusive deals with the various mining hardware manufacturers to purchase more miners. If the Bitcoin price and complexity are favourable, we can expect an increase in gross revenue. In any case, our token value is covered by thousands of mining machines running at our facility, and adding new hardware will increase this.

45% GROSS REVENUE SHARE FROM ALL OUR MINED BITCOINS No costs, no hidden fees, an honest gross revenue share. Up until now, the preference in the token industry has been for a net output share. Securix has decided to implement an industry-first gross revenue share. This structure is transparent, straightforward and the token holders are not left with uncertainty regarding hidden costs. From every mined Bitcoin, 45% will be divided among all token holders. The token holders are exempt from all entrepreneurial risk. Securix bears these risks.

Mined Bitcoins and transparencyOur business is run with honesty and transparency. Each month, we will publish our total mined Bitcoin volume in our Mega Vault App. Our token holders can find this information in the section “Securix Mega Vault” (page 34 – 35).

Why is Securix distributing Ether and not bitcoins?Our token and its smart contract are based on the ERC 20 Ethereum blockchain. Bitcoins cannot be distributed through an Ethereum blockchain. We will convert our bitcoins to Ether to automate the 45% gross revenue share to our token holders.

When can I expect to receive a passive income?As shown in our roadmap (page 36 – 37), we will start mining in January 2019. Every last day of the month, starting in January 2019, our smart contract will distribute Ether to our token holders. As long as you are the owner of the token, our smart contract will send out a portion of the mining revenue to your ERC20 compatible wallet each month.


REALISTIC PROJECTIONS With a Bitcoin value of USD 10,000 our token holders can potentially expect a 137% return on investment.

Securix believes in honesty and strives for transparency. Therefore, we use realistic scenarios and a scale model in line with the prevailing market. If the Bitcoin value is USD 10,000, we could expect a 137% return on investment*. If the value of Bitcoin rises to USD 15,000, we could expect a staggering 229% return on investment. What happens if Bitcoin drops below USD 5,000 for an extended period? Even then, we could expect a 44% return on investment*.

The founders have a 15% stake in the mining operation, and their tokens are locked (cannot be sold) from 31 October 2018 until October 2019. Starting from October 2019, the founders will receive 5% of the tokens of their 15% stake each month. This means that the full 15% will be released in 3 months.

The founders are just like any other token holder: any decision they make will be in the best interest of the token holders. Securix.io has one goal: to make our company as successful as possible.

This is merely a forward-looking assumption that can change at any given time.

15,000

10,000

7,500

5,000

ROI ForecastBTC Value

137%229%

90%44%

REALISTIC TOKEN VALUEWe are either reinvesting or buying back tokens from the market. Both options will increase token value and monthly output per token.

Our token price is 1 USD. From that 1 USD up to 0.85 cents is used for purchasing mining hardware and electrical infrastructure upgrades (according to the deployment of crowd sale funds). That means that our token is backed by tangible assets (mining hardware and infrastructure) and has a real market value of USD 0.85. Each month we are either reinvesting or buying back tokens

from the market. Both options will increase our base token value and monthly output. We anticipate that our SRXIO token will have a higher value than its initial purchase price. SRXIO will be listed on relevant exchanges. Unsold tokens will be burned. Securix shows three different scenarios and the results over a 12-month period are as follows:

*Based on the following assumptions: base token value of max. USD 0.85, a difficulty of 3,511,060,552,899.700 and a 12-month, 10% reinvestment strategy in mining equipment and improvements to the mining location(s). The actual figures can differ. This information should not be regarded as an offer or a solicitation to buy SRXIO Tokens and is solely a forward-looking assumption that can change at any time.

BTC ValueUSD 10,000

end result:

USD 1.55

BTC ValueUSD 15,000

end result:

USD 1.91

BTC ValueUSD 20,000

end result: USD 2.28

*after 12 months of reinvestments

Max.USD 0.85

Max.USD 0.85

Max.USD 0.85


Market CapitalizationAt the beginning of 2017, total market capitalisation was hovering around USD 19 billion. A mere 12 months later, total market capitalisation had spiked to a staggering USD 600 billion.

Cryptocurrencies have gained tremendous popularity within one year’s time. Many experts make the comparison of blockchain technology to the invention of the internet. Let’s take gold as an example. We have no idea how much is left to be mined. With Bitcoin you do: there are only 21,000,000 Bitcoins. This system is based on supply and demand without human involvement. Bitcoin has received widespread attention in various media and had both its supporters and its detractors. Nevertheless, Bitcoin has remained vibrant and shows

tremendous potential. The Bitcoin market has grown more mature in the past year. As a result of the growth and maturity of this market, traditional traders and investors are increasingly investing in Bitcoin. This trend will result in higher volume and less volatility. Some experts believe that Bitcoin will surpass USD 20,000 per Bitcoin by the end of 2018. This will rapidly increase to a higher price due to supply and demand and the widespread acceptance of Bitcoin.

HOW MANY BITCOINS ARE LEFT?17 million bitcoins (BTC), or 81 percent of the entire Bitcoin supply, have been mined. This means that only 3.9 million bitcoins, or 19 percent, are left to mine until the 21 million supply cap is reached. The 21 million cap built into its protocol is a way to introduce digital scarcity to cryptocurrency markets. With a volume cap such as this in place, the more Bitcoins are mined, the more scarcity is produced on the market. Scarcity arguably creates demand, which in turn makes the coins more valuable. Once 21 million bitcoins have been mined, it will become even harder to obtain them, also potentially making each coin more valuable.

Total bitcoins in circulation17,031,538

Total bitcoins produced to date:21,000,000

Percentage of bitcoin total already mined:81.10%

Total bitcoins to be mined:3,968,463

Mining ProfitabilityAs home and retail miners reach a profitability limit, scalable, professional-grade infrastructure is essential to support blockchain ecosystems.

Mining hardware verifies transactions and harvests cryptocurrency by being the first to solve a complex mathematical puzzle called ‘hashing’. This steady addition of new coins is analogous to gold miners expending resources to put additional gold into circulation. In crypto mining, processing power and electricity represent the most significant costs. Even with this considerable overhead, crypto mining remains a very profitable business.

Global Monthly Mining RevenueAs of July 2018, the collective hash rate is 44,044.01 Ph/s. The bitcoin price is floating around USD 7,500 with 12.5 bitcoins mined every 6.67 minutes. The consolidated monthly revenue for the global bitcoin miners in July 2018:

USD 7,500BITCOIN PRICE

JULY 2018

EQUALS USD 465 MILLION PER MONTH

12.5BITCOIN

PRODUCED EVERY 9 MINS.

6.679 MINUTE

INTERVALS IN ONE HOUR

24HOURS IN

A DAY

31DAYS IN A MONTH

X X X X


THE MINING LOCATIONOur base of operations is a former sugar processing factory more than 146 years old. This location was hand-picked by our management team. The location is exceptionally scalable and boasts the necessary power infrastructure that suits the needs of Securix.io.

The factory has thick walls, and the room temperature is very stable. The Netherlands has an ideal climate for setting up a mining operation. Our location is also equipped to store thermal heat to make our carbon footprint as neutral as possible.


MINING HARDWARE SELECTIONCutting-edge mining hardware is at the core of our mining operations. Securix strikes a balance between Power Usage, Unit Price and Performance. We call this the PUP method. It results in higher output and lower costs.

There are multiple brands on the market. Securix strikes a balance between cost per unit, efficiency and energy usage. Securix will only purchase hardware that offers the best ROI and lowest overall risk. At first glance, the GMO B2 24TH/S is the most efficient in combination with its power usage, but the purchase price per unit makes it unattractive. The same goes for other brands. Unfortunately, there is no magic bullet. Securix will continue to monitor the mining hardware market and take the decision that’s in the best interest of its token holders.

Securix is ready for all the new brands and models and the best return on investment at the time of purchase.

Securix has developed the “Power Usage, Unit Price, Performance” or “PUP” model. As described in the previous section, selecting the right brand and model in combination with the unit price is vital. This PUP model will generate the best return on investment for our token holders. Buying hardware is organic and is prone to market developments. The type of hardware Securix will buy can change over time.

Monitoring and MaintenanceWe expect the maintenance (RMA) to be approximately 8% per year. In the central command and control room, our software displays all of our mining hardware visually. We continuously monitor the condition of our hardware. In case of signs of failing hash boards or broken fans, our technical department will locate the faulty unit and repair it. Securix has an in-house technical department with staff available 24/7. Thanks to the in-house technical department, we can fix the hardware on the spot. All the mining units are configured in plug-and-play style. Preventive maintenance is essential: cleaning the machines and checking them on a regular basis results in lower maintenance costs.

Physical Security and Fire PreventionSecurity staff will be present in the mine 24/7. The facility is equipped with CCTV surveillance systems. The police will have access to our surveillance system and our facility has a fire prevention plan in place in the event of this type of contingency. We also have fire-resistant material and CO2 fire prevention equipment.

SUPER-MINING OPERATIONSThe primary goal of this concept is to help decide which coin is the best to mine. Securix possesses one of the significant advantages of running software that can calculate which coin is the best to mine. The decision-making is based on various factors such as the difficulty factor, current coin price, three-day average coin price, seven-day average coin price and exchange rate. Our approach will result in an optimum ROI for our token holders.

Safety and Data SecurityFacility safety and data security are vital parts of our mining operation! The Securix location has an in-house data security specialist who protects the mining operations virtually.

Our facilities make use of a full array of security tools, including bollards, mantraps, access control systems and surveillance systems, to ensure our resources are protected from unexpected incidents or criminal activity.

This robust defence environment acts as a fortress around the critical equipment and data. With its interconnected network of co-location data centre sites, Digital Reality meets the challenging security requirements of both public and private enterprises.

We use robust, multi-factor authentication protocols combined with vetted authorisation processes to ensure only authorised persons can access the data centre facilities.

Hardware OptimisationThe hardware must be as efficient as possible. Therefore, the equipment should never be warmer than 30–40 degrees Celsius.

The mining operation chamber has a false chamber behind the mining unit which collects the heat. This heat will be stored and transported to the thermal storage compartment.

The room temperature will remain at a constant temperature of 20–25 degrees Celsius. The primary goal of this concept is to remove excess heat from inside the room. In this way, we will keep the location temperature at approximately 20–25 degrees Celsius.

The efficiency rate is of utmost importance. High-efficiency results in a higher ROI. For that reason, getting this process right is just as crucial as buying the right mining hardware.


COMPANY RESERVESecurix ensures that its long-term view is protected by setting aside the first 10 percent gross revenue. Securix continuously monitors the markets and the latest trends and developments in the mining equipment market.

Doing so will result in Securix’s highest possible operation level. Our in-house technical support configures and utilises the mining equipment to enable it to operate at maximum efficiency, therefore guaranteeing maximum profitability for Securix token holders. The hardware that eventually becomes less efficient will be phased out and sold in a well-regulated fashion. The proceeds from the sale of the hardware will be used to buy new super-efficient mining hardware. Management places a high priority on long-term sustainability, and therefore this contingency reserve will be created to ensure that operations perform at optimum levels, even if the market is unfavourable for our mining operations. This reserve will ensure that all short-term operating costs are covered. In this way, management is creating a fail-safe: the token holders will benefit enormously from this strategy.

If this trend takes longer than expected, Securix management can decide to temporarily suspend operations to wait out the unfavourable mining market conditions. The mining outputs should at least cover the mining operation costs. If this reserve is spent during downtime, Securix will once again take the first upcoming reinvestment to cover the mining operation for the next month. Securix always has the option to liquidate the mining operation if mining is no longer profitable in future. If the mining operation is liquidated indefinitely, the money reserve will be equally distributed to Securix token holders.


SECURIX MEGA VAULT WALLETThe Securix Mega Vault Dashboard application will be available later this year for users to download. This application allows users to store SRXIO tokens on their smartphone safely.

The Securix mega vault app will show more than just your SRXIO tokens. The app will include the following features:

Securix monthly mined Bitcoins volume.Owned amount of SRXIO tokens.Hashing power of the facility. SRXIO output balance.Our news section. The app will also enable you to keep track of your monthly outputs. These outputs will be transferable at all times. Our investors will be able to keep track of Securix news through our News section.

Investors will also be able to interact with Securix through our social media channels. Securix places the highest priority on investor relationships, and not only during the crowd sale.

Once you have transferred your SRXIO balance to our Securix Mega Vault Dashboard, you will start to gain status! Every time you go up a tier, you will receive a badge, a status or a prize.

We expect our wallet to be ready sometime this year.

You can increase your status with our Securix team”


EVENT ROADMAP

What About the Future?In May of this year, we held an initial seed round that raised USD 250,000. Our public crowd sale will last 54 days. We believe that this is sufficient time to give everyone the opportunity to participate in our project. Our mining location will have its first electricity and infrastructure updated and will be ready for use ahead of schedule. The EAN-to-EAN platform is a decentralised platform with fewer parties involved and buying straight from the green generator without any intermediaries. Securix will develop the Securix Mega Vault, which will

launch after the crowd sale. The Securix Mega Vault is a digital wallet – a dashboard where our token holders can store tokens and check the status of the mining facility. Securix will examine which token exchange could be relevant in the near future. This procedure will start when the token sale is complete. In 2019, we will investigate whether we can launch SRXIO2. Token holders from SRXIO will receive a discount.

Projections and Statements DisclaimerThis roadmap includes forecasts, projections and other predictive statements that represent Securix and their assumptions and expectations in light of currently available information. These forecasts and dates are based on circumstances involving third parties and other factors, and involve risks, variables and uncertainties. Securix reserves the right to change and cancel events at any time. All rights are reserved to Securix, and no guarantee is offered or implied.

Ahead of Planning, MilestonesInitial Seed round 250,000USD

Signed location contract

Signed lectricity upgrade deal 7MW

Website live

23 JULYWebsite live

06 SEPTEMBER End Private Pre sale

SEPTEMBERFacility operational and

electrical upgrade

04 AUGUSTStart Private Pre sale

07 SEPTEMBERStart Crowd sale

31 OCTOBEREnd Crowdsale

NOVEMBERHardware purchase

DECEMBERInternal testing

JANUARYMegavault APP live

NOVEMBERInstalling Mining

hardware

JANUARYStart operations

31 JANUARYFirst Monthly gross

revenue output


DECENTRALISED ENERGY PURCHASEThe EAN-to-EAN platform is a decentralised platform with fewer parties involved. Buying straight from the green generator without any intermediaries. We aim for responsibility, sustainability and profitability.

Thanks to our vast management experience in commodities trading, we can purchase energy from the energy trading markets at astonishingly low rates. The electricity price is the most significant cost in a mining operation; buying at the lowest rate is crucial for our long-term sustainability. In the Netherlands, a new initiative has been introduced called https://exe.energy. This new initiative is part of a giant energy company that has started this revolutionary platform. They have developed a virtual energy-deal platform called: Entrance. EAN-to-EAN. The features and benefits enable users to break down financial barriers to enter the often-complex energy market. With this platform, we have direct access to wholesale energy markets (EAN-2-EAN, EPEX and ENDEX). Once the mining operation starts, we will purchase energy with the EAN-2-EAN Entrance platform.

With this platform, we will be able to facilitate any random EAN-2-EAN bilateral energy deal. We buy our energy directly from solar or wind energy suppliers – without the need for a third party or commodity/energy market. It is our corporate responsibility to purchase our energy as green energy. It’s as simple as agreeing on the energy price and volume. Delivery takes place virtually from the supplier’s EAN number to our EAN numbers. An EAN number is the identification number of the power connection that every energy supplier or generator has. In other words, from the generators solar or wind turbines to our safe and secure mining location. It’s as easy as it sounds. Our vision is to work with decentralised platforms such as Entrance to make our world a better place, step by step, with the focus on responsibility, sustainability and profitability.

SECURIXEAN EAN2


Green Energy and Thermal StorageThe most significant cost in a mining operation is electricity. Our power demand is enormous. At Securix.io, we take our responsibility seriously, and we are going green.

These days, we are all aware of the importance of protecting our environment. We strive for Sustainable Entrepreneurship, which means higher corporate returns in all business decisions, as well as taking advantage of the opportunities for a better environment and the greater well-being of our employees and society. These are activities that go a step further than required by law – from social involvement to a future-oriented vision. Green energy (sometimes called renewable or sustainable energy) comes from natural sources such as wind, water and sunlight. It is much more environmentally friendly than other types of energy and doesn’t contribute to climate change or global warming. Unlike fossil fuels, green energy sources replenish themselves naturally and are in continuous supply.

Thanks to the Dutch national green certificate system, we are assured that the annual amount of green electricity we consume will be generated using sustainable sources. This green electricity is what we will use for our mining operation.

C02

< 200

450 >

Thermal Storage We will use the heat generated for our office and other spaces at our mining facility where additional heating is required.

In the Netherlands, many organisations are working on new methods to utilise this generated heat. Together with these innovators, we will work to maximise the efficiency of our generated heat.


CROWDSALE DETAILS

What We Offer our Token HoldersOur product is straightforward. The Securix.io company has a hands-on approach. Below, the core features of our product are set out. We believe that transparency is the key to success.

ENERGY FROM POWER EXCHANGE

Our energy from the EPEX/ICE commodity market to cover any

unbalance.

MONTHLY REINVESTMENT

Securix is reinvesting 10% of monthly gross revenue in mining machines and

its facility.

REALISTIC PROJECTIONS

Securix believes in honest and realistic projections and returns.

ERC20 SMART CONTRACT

Our output is distributed to the token holders through a Ethereum ERC20

smart contract.

GROSS REVENUE OUTPUT

45% of monthly gross revenuegoes to SRXIO token holders.

TOKEN BACKED BY ASSET

Our Token value is covered by our thousands of mining machines running

in our facility.

TOKEN VALUE INCREASE

Our token value might increase considerably due to our reinvestments and token buyback and burn program.

BUYING EAN-2-EAN ENERGY

Our energy directly from the green generator, enabling us to maintain our

edge per kW/h.

HARDWARE

Buying cutting-edge mining hardware using our Power Usage, Unit Price and

Performance (PUP) method.

TOKEN OUTPUT INCREASE

Buying our tokens and burning them. This will increase the output per token

and decrease token volume.

ENVIRONMENT

Taking responsibility with GREEN energy, reducing our carbon

footprint in the process.

LOCATION

Our location can host up to 24,000 units, generating BTC 24.5 a day.

SRX 45% SRX

SRXERC20


Risks and Market Challenges

Increasing Diffuiculty and Bitcoin Price

Block Reward VS Mining RewardThe mining reward for bitcoin is cut in half every 210,000 blocks, for example, with the next ‘halving’ set to occur in 2020. Ideally, the price of bitcoin will increase enough to outweigh the continuing decline of the mining reward.

New Technology The mining hardware industry keeps evolving. New technology will emerge and will most likely be more efficient, more powerful and more scalable. The introduction of new services and technologies could render the company’s hardware and equipment obsolete, and it may not be cost-effective to upgrade the company’s hardware and equipment to remain competitive.

Government Legislation Moreover, there is always the possibility of changes in national and local government legislation with new crypto laws, taxation, controls or simply political or economic developments in Europe, or the Netherlands where the mining operations are currently situated.

To ensure a constant output, the Bitcoin network varies its difficulty levels after the discovery of every 2016 blocks. If the network hash rate is high and the time required to discover a new block is less than 10 minutes, the network will increase the difficulty level proportionately to increase the block discovery time. If the block discovery time is more than 10 minutes, the same protocol will reduce the difficulty level. Our hardware becomes less efficient with each difficulty increase, and more efficient with every decrease. If the Bitcoin value does not increase in correlation to the increasing blockchain difficulty, the return of investment will decrease over time.

Regulations and Our Token PropertiesOur token gives you access to our mining service and, therefore, rights to a percentage of our total mined bitcoins (gross mining revenue) each month.

As long as you’re the owner of the tokens, our smart contract will send out a portion of mining revenue to your wallet each month.

Our company Securix is responsible for both the operational and the entrepreneurial risks.

If you look at the characteristics laid out by Lithuania or the Dutch regulations, our token is not a security token. However, in some jurisdictions, there is a chance that our token may still be given the classification of a security token. Please consult your tax advisor in advance before investing.

A security token has the following characteristics:• Grants profits• Voting and or

governance rights

Our SRXIO token has the following characteristics: • 45 % Gross Revenue divided between all token holders • No profit share• No voting and or governance rights• No costs reductions or entrepreneurial risks


TOKEN EXCHANGE LISTINGDCE ExchangeDigital Currency Exchange A DCE is an exchange that enables people to trade cryptocurrencies. Listing on a DCE is very important, on a DCE you can buy, sell and store tokens. Securix will investigate which DCE could be relevant in the near future. Listing on a good exchange is essential. Several types of DCE’s are compatible with our token (ERC20). Key selection criteria: • Safe and secure • High liquidity • Right amount of traffic and volume • Established an exchange platform with a positive history • Suitable to buy, sell and store SRXIO tokens Recent developments showed us that security is a huge factor. DCE platforms use hot wallets, and that could be a risk. The use of hot wallets makes a DCE a target for hackers.

Decentralized Exchange DEXes (Decentralized Exchanges) are upcoming and have some huge upsides. These decentralised exchanges enable investors people to trade peer-to-peer, without the need for an intermediary. This means you are in control. Unlike with a DCE exchange, the private key is in your possession. This is an extra security layer that will protect your cryptocurrencies, but this is directly a weakness too. The fact that not everything is centralised means that not all services can be provided. We will follow all technological developments on exchanges regarding safety and security, liquidity, traffic, the suitability to buy, sell and store ERC20 tokens. Our listing procedure will commence after the crowd sale, 31 October.


BANKS ANDCRYPTOCURRENCYWe are collaborating with cryptocooperative banks and payment providers. We can accept USD and EURO SEPA (Single Euro Payment Area) from our investors.

Cryptocurrencies are more popular than ever before. The total market capitalisation is growing by the day, and the cryptocurrencies enjoy widespread attention. Anyone in the world can now transfer crypto currencies end-to-end through the blockchain without a bank. With all this popularity and attention, governments, regulators and banks are looking for regulation and legislation. Regulation and legislation take time to develop and catch up with market conditions. The lack of regulations and legislation is creating a vacuum. Banks are not keen on providing their service to blockchain and crypto-related companies. Even as a private person, it’s hard to use a bank for crypto-related transactions Many banks prefer not to provide services for crypto and Fintech-related companies. These companies are a) a risk to their business model, and b) lack KYC/AML procedures within those crypto and Fintech/blockchain-related companies. Throughout the history of the bank system, we’ve seen a great deal of intervention by governments. Everything that is new is considered a threat or a risk. Goldman Sachs stated that bitcoin is a vehicle for fraudsters. Three months later, however, Goldman Sachs had a different opinion, stating: “Bitcoin is not a fraud’’. You see how fast the sentiment of banks is changing. Over the past year, more and more banks have started to respond to blockchain projects, of course under strict conditions.

Banks are investing in new startups to empower themselves with this new technology to harness all the advantages the blockchain has to offer. However, many blockchain projects have not taken into consideration opening a bank account for companies that deal with cryptocurrencies on a daily basis. After their ICO, these companies will make the shocking discovery that they cannot open a bank account. Opening a bank account for a Fintech or blockchain-oriented company that deals with cryptocurrencies on a daily basis can be very complicated. This is where the new financial ecosystem and the old economic ecosystem collide. The banks must deal with compliances at the highest levels and must safeguard the existing procedures. Securix has considered these challenges in advance, and have managed to collaborate with crypto-cooperative banks and payment providers. We can accept USD and EURO SEPA (Single Euro Payment Area) from our investors. We have a rigorous KYC procedure followed by AML, PEP registration, sanctions and a watchlist check. We will do our utmost to be in compliance in the jurisdictions we operate.


KYC and AML ProceduresClient Acceptance Procedure and TerminationThe client can only be accepted and enjoy the services provided if the KYC and AML procedure has been completed successfully. To be classified as successfully completed, the client must pass the KYC and AML check and must not be listed on any of the AML, CTF and sanctions lists. Once these steps have been verified and approved, the client can freely enjoy the services of Securix. Securix always reserves the right to suspend services granted to a client who has passed KYC and AML if, at a later stage, the client is placed on the AML, CTF and sanctions lists. The client will receive a notice of termination of services.

Internal procedure: automated and manual verificationThe KYC, or “Know Your Customer’’ procedure will be conducted before any SRXIO tokens are issued. The primary goal of the token sale registration is to enforce a mandatory KYC check to prevent identity theft, terrorism financing, money laundering and financial fraud. This KYC procedure enables our team to enforce this and protect the token holders and manage risks.

Social responsibility is of the utmost importance to Securix, and we take this very seriously. Which is why we take a leading role in combatting money laundering and terrorism financing. Our KYC and AML procedures are compliant with standard banks and financial institutions. The process will include screening of international sanctions lists, terrorist lists and politically exposed persons. Risk assessment and onboarding outcome will be carried out and determined by means of proprietary software. The KYC protocol has been divided into two parts:1 – AutomatedYour details as provided by the person who has submitted the documents will be checked against AML, CTF and public sanctions and alert lists (OFAC, UN, HMT, EU and DFAT). A third party will carry out this step.2 – ManualIf the automated step is successful, the account will be manually verified by the third party, who will double-check that the information provided corresponds with the identification documents that have been submitted.

KYC & AML Submission and ScreeningThe KYC and AML procedure with the Securix system is very simple. These steps are based on the following, submitted details.

1: Facial check, conforms to KYC, AML and GDPR directives

2: Identity check through government documents(passport, driver’s license and citizenship files), Age verification determines whether the user or document is genuine with the help of liveness detection.

3: Address check through utility bills or bank statements with address information presented, determines whether the document provided with an address is conformed.

Securix uses a third party for monitoring the AML list. Our third party provider has in house certified compliance officers and lawyers.

The third party will be responsible for the screening process regarding AML, CTF and sanctions list(OFAC, UN, HMT, EU, DFAT). This will be through an API which will be connected to the Securix system. This will provide the third party provider with all the relevant information to complete the screening.

Suspicious Transactions: Money Laundering Using Investment Related Transactions1: Purchasing of tokens to be held by the institution in safe custody, where this does not appear appropriate given the customer’s apparent standing.

2: Request by customers for investment management or administration services (either foreign currency or securities) where the source of the funds is unclear or inconsistent with the customer’s apparent standing;

3: Buying and selling of a token with no discernible purpose

or in circumstances that appear unusual.

None of the above factors on their own necessarily indicate that a customer or other person is involved in money laundering. However, it may be that a combination of some of these factors could raise suspicions.

Securix will always inform the relevant authorities of suspicious behaviour and provide all documentation to assist the appropriate authorities.

PEP IDENTIFICATIONAccording to the FATF, the identification of a “Politically Exposed Person” (PEP) has three classifications.

1: Foreign PEPs: individuals who are or have been entrusted with prominent public functions (head of state or government, senior politicians, senior government personnel or judicial or military officials).

2: Domestic PEPs: individuals who are or have been entrusted domestically with prominent public functions (head of state or government, senior politicians, senior government personnel or judicial or military officials)

3: Persons who are or have been entrusted with a prominent function by a state-owned enterprise or an international organisation refers to members of senior management (managing directors, deputy directors and members or equivalent functions).

During the KYC procedure, the classification of a PEP will be screened against global PEP’s databases. These procedures are compliant with internal, domestic and international AML, CTF and sanction-enforcement regulationsForeign PEPs are always considered a high risk that warrant taking enhanced due diligence measures. Additionally, business relationships with domestic PEPs and international organisation PEPs that are determined to be high risk should be subject to such actions. In both circumstances, the following enhanced due diligence measures apply for senior management approval: reasonable steps to establish the source of wealth and the source of funds, and enhanced ongoing monitoring of the business relationship. If the PEPs are attempting to abuse the financial system, the relevant authorities will be informed of that fact according to the DNFBPs.


Client Acceptance Procedure The client can only be accepted and enjoy the services provided if the KYC and AML procedures have been completed successfully.

To be classified as successfully completed, the client must pass the KYC and AML checks and must not be listed on any of the AML, CTF and sanctions lists. Once these steps have been verified and approved, the client can freely enjoy the services of Securix.

Customer Relationship Termination Securix always reserves the right to suspend services granted to a client who has passed KYC and AML if, at a later stage, the client is placed on the AML, CTF and sanctions lists. The client will receive a notice of termination of services.

AML Monitoring Systems Securix uses a third party for monitoring the AML list. Our third-party provider has certified compliance officers and lawyers in-house.

Third Party ProviderSecurix uses a third party provider. This partner is ISO/IEC 27001-certified and is a leading global identity and business verification services. The partner provides instant electronic identity and business verification for 4.5 billion people and 250 million companies worldwide. They are also connected to the Securix system through an API and have direct access to the submitted information relevant for the KYC and AML procedures. Securix is GDPR-compliant.

Restrictions for InvestorsWe restrict and reserve the right to limit contributing and participating in the Securix.io token sale in respect of certain jurisdictions and citizens or residents of certain jurisdictions, countries, states or territories (i) where the legitimacy of token sales has been challenged; (ii) where token sales have become illegal; and (iii) that have been designated by the FATF (collectively: “ Restricted Territories”).

UNITED STATES OF AMERICAPlease note that due to legal and regulatory uncertainty in the USA, some US citizens and New York residents are prohibited from making contributions and participating in the Securix.io token sale. Securix ICO is compliant with these rules and restricts access for US citizens, “green card” holders and residents of the US to the category of “accredited investors”, under the US Security Act Regulation D Rule 506 (4).

Please note that due to legal and regulatory, there is uncertainty with regard to the countries listed below. All of their citizens are prohibited from making contributions and participating in the Securix.io token sale. GERMANY SWITZERLAND AUSTRALIA NETHERLANDS IRANSYRIACUBANORTH KOREA CRIMEAISRAEL

You fully understand and agree that we are not liable if the country of your citizenship, residency or location becomes restricted.

We may, at our sole discretion, terminate these terms, close your account and return your funds if you are resident in one of the restricted territories. We do not intend contributions to be made in restricted territories or by residents or citizens of restricted territories. The availability of the project documentation does not constitute an offer, solicitation or invitation for making a contribution and participation in the Securix.io token sale in such jurisdictions. The fact that the project documentation may be accessible in any such jurisdiction shall not be construed as a representation or warranty concerning the legality of making contributions, participation in the Securix.io token sale or access to and use of the project documentation.

It is your sole responsibility to determine what law applies in the location in which you are present or reside, and that you should understand your legal rights and responsibilities to make contributions and participate in the Securix.io token sale. Be sure that you are acting lawfully in your jurisdiction when registering on the website, using the project documentation or making a contribution, and you represent, warrant and agree that you will do so.


LEGAL AND OTHER RISKS• Our token, Bitcoin and Etherium are not regulated and fall outside

the scope of oversight. Similarly, exchanges in which our token,

bitcoins and Etherium could be traded and digital wallets could be

used to hold, store and transfer the token or coins are generally also

unregulated.

• Market conditions and the price of virtual currency, including

Bitcoin fluctuate. It is uncertain what the Bitcoin price will be in the

future. The value of Bitcoin could permanently be reduced to zero.

This would the result in token holders being left with our token

having no value.

• Token holders will not have any security rights, such as pledges or

guarantees.

• Virtual currency and our token can be subject to cybercrime.

Therefore, it is possible, for example, that other people will obtain

access to your wallets and that you will lose your token and/or any

output received.

• Virtual currency is highly risky, not backed by any tangible assets

and unregulated under EU law, and do not, therefore, offer any legal

protection.

• It is possible that our Bitcoin mining operation will fail and that we

will not mine any Bitcoins, or (much) fewer than we currently expect,

for example, due to fire, natural disasters or other (unforeseen)

circumstances.

• It is possible that it will one day no longer profitable to mine

bitcoins, for example, due to a change of energy prices or applicable

rules and regulations.

• Although the token, as well as the output, in principle is

transferable, it is possible that you will be unable to transfer your

token or the output when you wish to do so, or not at the preferred

price.

• You receive your token from an entity situated in RAK, the United

Arab Emirates, Securix. Accordingly, Securix may be subject to rules

and regulations of the United Arab Emirates. Moreover, it is possible

that several territories will be involved in the transactions relating to

the token, which could result in uncertainty regarding the applicable

rules and regulations, and your rights in relation to the token and/

or the output. It is possible that your rights will be (practically)

unenforceable.

• The mining income for token holders may be taxable. Ask your

local adviser if this is taxable and how this should be included in your

tax return.

• Virtual currency is relatively new and as a result, the legal framework

is not completely clear and subject to changes in interpretation and

subject to new jurisprudence.

As a result, there could be uncertainty about the rights regarding the

token and/or the output of your token.

• Cryptocurrencies make use of blockchain technology, which is

based on cryptographic encryption. Because it is a relatively new

technology, the risk that one or more blockchains will be defective

is considerable. That can lead to malfunctioning and/or security

breaches, and that in turn could result in loss or the loss of value of

the cryptocurrencies that make use of that blockchain.

• There are operational risks. The business of Securix depends on

several circumstances.

• The business depends, for example, on the ability to process

transactions efficiently and accurately. Losses can result from IT

failures, inadequately skilled personnel, inadequate or failed internal

control processes and systems, regulatory breaches, human errors,

employee misconduct including fraud, or from external events that

interrupt normal business operations. Securix also depends on its

computer systems and networks and any disruption can have an

impact on Securix’s business and the output of the token.

• Securix will do business with several counterparties, and the

inability of these counterparties to meet their obligations (financial

or otherwise) could have an adverse effect on its operational results

and the value and/or output of the token.

• Securix depends on the cooperation with Fintech Capital B.V. in

the Netherlands. Any disruptions in this cooperation and/or a change

of rules/agreements from or by the United Arab Emirates or between

the United Arab Emirates and the Netherlands could have an impact

on Securix, the token and the output of the token.

• Bankruptcy of Fintech Capital B.V. or any circumstances in relation

to the servers can have an impact on the business of Securix and the

output of the tokens, although certain risk mitigation measures have

been taken.

• The tax consequences of a token and the output of a token,

depending on personal circumstances and may be subject to

changes in the future. Potential token holders are advised to seek

legal and tax advice before acquiring tokens.

• Additional risks and uncertainties not known at present to

Securix, or that Securix currently believes to be immaterial could also

have a material impact on its business operations, the token and/or

the output of the token.

• Virtual currency entails extreme volatility and bubble risk.

[email protected]

Documents

CROWDFUNDED CRYPTO MINING - Fx empire · 2018. 8. 9. · CROWDFUNDED CRYPTO MINING In The Netherlands. ROI Forecast This is merely a forward-looking assumption that can change at