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GUPPY NETWORK WHITEPAPER VOLUME I WORK IN PROGRESS Prepared By: Guppy Network Team ABSTRACT Guppy Network is a fast communicating network built under for commercial use around the world. The network comprises of two interconnected objects: (1) a DAG-based network that can connect to any blockchain and enable all peer-to-peer operations for a minimum of milliseconds, and (2) professionally connected financial use to allow users to buy, sell, trading, exchanging and storing any digital assets without taking care of those assets. The Guppy network will be integrated into our non-maintenance crypto wallet. The designed wallet, will allow users to exchange any digital assets without any party risk, and provides revolutionary capabilities such as risk-free OTC trading, instant market trading, and security services prevent unfortunate loss.

Table of Contents

1.0 Introduction and Problem Statement-------------------------------------------------3

1.1 The Introduction and Background of Guppy Network-------------------4 1.2 Centralized Exchanges with their Problems-------------------------------5

1.3 Existing Decentralized Exchanges with their Problems----------------6 1.4 The Problems with ERC-20 Tokens-----------------------------------------6

2.0 The Solution Provided by Guppy Network------------------------------------------7

2.1 The Guppy Network Overview------------------------------------------------7

2.1.1 The Network: A Decentralized Directed Acyclic Graph--------8 2.1.2 Import/Export Mechanisms and External

Exchange Transactions------------------------------------------------8

2.1.3 Fast Decentralized Exchange (Infinity DEX) ---------------------9 2.1.4 Non-Custodial Wallet---------------------------------------------------9

2.1.5 Token Platform----------------------------------------------------------10

2.1.6 Guppy Network Advanced Features Overview------------------10

2.1.7 The Guppy Token (GPN) Features---------------------------------11

3.0 Use Cases----------------------------------------------------------------------------------11

4.0 Fiat Gateways------------------------------------------------------------------------------12

5.0 Utility Token Offering---------------------------------------------------------------------12 6.0 Team-----------------------------------------------------------------------------------------15

7.0 Advisors & Conclusion-------------------------------------------------------------------16

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INTRODUCTION 1.0 Introduction and Problem Statement We are living in a world of digital currencies that are available on the blockchain network. Bitcoin, Ethereum, Ripple, Tron and BNB are all examples of major digital currencies, the ecosystem benefits from a wide range of networks, signals, and projects, all aimed at creating a better, more comprehensive world. The challenge facing the world at this time is to facilitate communication, activity and exchange for hundreds of different networks. In other words, how can we enable more barriers to interact? The challenge posed by compatibility goes beyond professional theory - it is a fundamental issue that can invade the entire crypto ecosystem and directly affect all crypto users Current solutions to compatibility challenges, such as decentralized switching to the ERC-20 and BEP-20 networks for power are commendable. The network is greatly reduced in speed and performance. To date, an active network that enables the rapid, cheap and functional conversion of any digital assets into any restriction has not been implemented effectively. Instead, the exchange between power. They are built, exerting a strong influence on ecology, risking the third person, and undermining Nakomoto's natural vision. Enter the Guppy Network that will be built on a Directed-acyclic Graph (DAG) Network, will enabling the fast and inexpensive peer- to-peer exchange of any digital asset, regardless of originating blockchain. Guppy is a decentralized platform where users can manage, transact and exchange their digital assets without passing the custody of their assets to a third-party. Built on a directed-acyclic graph (DAG) network. The Guppy Network has inherent advantages over traditional blockchains in terms of speed, cost and scalability. By utilizing Guppy’s revolutionary technology to securely import and export value across chains, users can deposit any asset into Guppy Network creating a proxy token that can be transacted and exchanged by the Special wallet that we are going to design or other imminent exchange products. To get started with Guppy Network products, users can purchase their digital assets directly with fiat money using Master cards and Visa or by any other way The Guppy Network will have unique features for sending and receiving transactions that allow users to engage in risk-free and near-instant peer-to-peer exchanges of the following digital assets, with many more being integrated: Bitcoin, Ethereum, Ripple, True USD, Gemini Dollar, and the Guppy Token (GPN). We expect to start integrating the Networks of BNB, EOS, NEO, TRX and other major assets to Guppy Network. Users will sell their assets on Guppy's most modern friendly but modern, Infinity DEX. Infinity DEX will have state-of-the-art services such as high-risk trading, prudent contracts for short-term assets to sell, all business assistant; services that do not exist elsewhere in the DEX space. Users can engage in many quick and affordable transactions on the Guppy Network and at any time they can offer their secure assets to the inactive barriers. Guppy Network will run on its native utility token, the Guppy Token, or GPN, as the “gas” of the network. Spending GPN is necessary to prevent malicious

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actors from spamming the network and attach proof to the transaction. It will also be used to execute transactions, import/export value, and enable use of our products. Spending GPN burns GPN, so the system inherently limits the supply. Welcome to the Guppy Network - a great network of high-speed interaction for real financial use 1.1 The Introduction and Background of Guppy Network Around the world knows that Satoshi Nakamoto developed the Bitcoin network in 2008. After Satoshi Nakamoto shows the way, we view the speed of innovation and production of utility tokens as a net positive, but one that poses unique challenges. Blockchain technology, the distributed, consensus-based ledger supporting most decentralized networks, does not freely advance itself to cross-chain communication. In practical terms this means that a holder of bitcoin cannot conduct a peer-to-peer exchange with a counterparty that holds Ethereum. The existing solutions to this seemingly simple problem have proven costly, risky, ineffective and slow, or involve moving the transactions completely off-chain. Nakamoto's vision of a "peer-to-peer Network version of electronic money allows online payment transaction without going through a “financial institution" His vision is to see around the World people will use wallets that will download or find them on internet; these wallets are connected with blockchain network technology. In addition, the security errors contained in the central penal solution have been shown several times. In addition, the lack of privacy imposed by central exchanges is contrary to the open and free financial system that the crypto ecosystem is struggling with. While their ease of use, high-quality services, and the ability to act as a fiat road show that intermediate exchanges will continue to play an important role in ecology, their value is limited by the risks of handling, privacy and high fees. The world of coin currencies deserves a shared alternative. Recognizing the limitations of central exchanges, multiple components or intergovernmental exchanges (DEXs) have developed, which are said to facilitate the exchange of digital assets. However, there is no single DEX solution that meets market demand. First, a large number of DEX does not interact themselves. Traders of many digital assets including Bitcoin, Litecoin, EOS, IOTA, NEO, Stellar and Ripple are excluded. Secondly, most DEX leaves users wanting based on user experience, performance, and speed of activity. Alternative technologies that try to solve inclusion problems, such as atomic swaps, are slow and have not been implemented in a meaningful way. The Guppy network will solve these problems by building a blockchain agnostic network from the ground up. Utilizing encryption techniques without a trusted vendor, and innovative methods based on quantity, Guppy Network will enable fast and affordable exchange of any assets, regardless of the resulting blockchain. Because all transactions occur within the Guppy acyclic graph (DAG) network specifically designed for this specific use case, transactions are faster and more expensive than other shared networks that require communication and transportation between different restrictions.

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Guppy Network will enable users to have their private Wallet that only they can control via private key. Users securely will import their assets into the Guppy Network by creating a proxy, which are safely held in their private Wallet. Want to exchange Bitcoin directly for Ethereum? The Guppy Network will enable users easily to trade their tokens over-the- counter (OTC) with no counterparty risk. Since each party must accept the transaction before it is executed, Guppy Network users will conduct risk- free decentralized OTC trades at a fraction of the time and cost of a typical OTC trade with the user-friendly Guppy Network and its line of decentralized products run on its native utility token. When transactions are being performed, the gas fees of the network will be a Guppy Token (GPN). As the gas of the network, users will spend small amounts of Guppy Tokens to execute functions across the network and prevent malicious actors from spamming the network. GPN is also necessary to use Guppy products, like the Infinity DEX and the wallet that will be developed soon. Because Guppy Tokens are burned whenever they are spent, the system inherently limits the supply. Guppy Network and its range of financial products will offer the services, functionality, and breadth of central network versions, but without the risk of maintenance, privacy concerns, and high costs associated with major alternatives. 1.2 Centralized Exchanges with their Problems Cryptocurrencies and Blockchain were required to provide unreliable ways to share the activities of their peers. However, in reality, a large number of currencies are processed and processed through a few large institutions and intermediate exchanges. The present state of affairs is far from the promised world of power-sharing transactions and community owned currencies, and is more similar to the traditional, but less effective banking system, with accompanying scalability issues and expensive transaction fees. In our view, this is one of the biggest failures of cryptocurrencies, and the need to address this problem is keenly felt by the community The problems with centralized exchanges have been well documented. First and foremost is the issue of trust. Users entrust their private keys to centralized entities, such that if the exchange is hacked or goes down, users' funds are at risk. This risk is amplified in the centralized context because there is a single point of failure, and the “honey pot” scenario, i.e. the substantial funds held by centralized exchanges, attracts hackers. Second, centralized exchanges often charge high transactions fees. Third, centralized exchanges effectively act as walled gardens, greatly limiting the number of projects who wish to list their digital asset on the exchange, and exacting exorbitant costs for the right to list a token. For instance, according to a Business Insider investigation, centralized exchanges were charging $20,000, $50,000, $100,000 to $1,000,000 to list a token. The result is that early adopters of nascent projects effectively have no means of exchanging their tokens. Finally, centralized exchanges require that users sacrifice their privacy to simply enter into a financial transaction. It seems we have returned to a system where centralized gatekeepers wield most of the power, increasing risks and costs, while at the same time harming innovation and privacy. Currently, there is a lack of organic solutions for communities to utilize

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decentralized technologies. Instead, they need to rely on centralized exchanges, or look to a decentralized alternative, all of which have significant shortcomings.

1.3 Existing Decentralized Exchanges with their Problems 2018 was the "year of the DEX". Many decentralized exchanges are now operating but none of them have credibly solved the fundamental problem of interoperability. For instance, most of the existing solutions run on top of the Ethereum network, they use smart contracts and payment channels to facilitate exchange, they only support ERC-20 tokens (see 0X Protocol, Airswap, IDEX, and Uniswap), and therefore exclude many of the most important digital assets. While other cross-chain solutions have been proposed, such as atomic swaps, these are severely restricted in terms of speed and scalability, as the swap is limited to the speed of its slowest network. It is a serious concern that in 2018 users still cannot engage in a near- instant and inexpensive peer-to peer exchange of Bitcoin and Ethereum. The inability to quickly engage in cross-chain transactions is a massive impediment not only to the widespread use of decentralized exchanges, but also to the goal of cryptocurrencies being used for every day transactions. Current DEX offerings also suffer from lack of performance and difficulty of use. It is not possible for ERC-20 and BEP-20 DEXs to offer high-frequency trading because operating times are limited by the speed of the Ethereum and Binance networks. A suitable DEX should provide market and limit orders, provide users with a simple and easy-to-use interface, and provide state-of-the-art services that meet the needs of professional traders. Infinity DEX provides a novice and professional with a simple intuitive interface and will provide state-of-the-art services such as high-frequency trading and short sales

1.4 The Problems of BEP-20 & ERC-20 Tokens Guppy Network is running under Binance Smart Chain but let us explain the problem in those projects that runs under Ethereum and Binance Project and we acknowledge its core technology, we also believe that there are a number of shortcomings with theBEP-20 & ERC-20 standard that must be resolved if crypto currencies fulfill their original promise. First, Ethereum's current transaction rate, approximately 15 transactions per second, is very slow for global adoption. And while the current Ethereum add-on solutions like Shading, Raiden, and Plasma are impressive, they still need to be implemented and approved. Second, the ERC-20 and BEP-20 standard deals with bugs and user errors because it allows users to send ERC-20 and BEP-20 signals to incorrect addresses, which has resulted in unnecessary financial losses. Third, the BEP-20 and ERC-20 tokens are not first-class citizens of the Ethereum and Binance network. Instead, they are created using a special type of good contract that manages large hash maps that show each address in its entirety. This is one of the main reasons that activity on BEP-20 and ERC-20 signals cannot be impaired. In Ethereum Network, the new ERC-223 standard may solve some of these problems; the main issue of

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disappearance still remains. In short, the BEP-20 and ERC-20 signals have been good for the growth of the crypto ecosystem but have significant limitations that can be improved. At the moment, Bitcoin is a good value store, but not a good currency. For an object to reach a state such as a coin, it must be a value store, an account unit, and an exchange method. Bitcoin and other major currencies have established themselves as a good value store and account unit. However, in order for the money to be used as a daily exchange, they must address the issues of failure and fees. Bitcoin cannot be used practically in everyday operations. In addition, the volatile price of Bitcoin further prevents it from dealing with it. Until the problems of failure, fees, and volatility are resolved, Bitcoin will strive to be a viable currency. We believe that these issues are not a threat to the entire ecosystem, and the need to address them cannot be overstated.

2.0 The Solution Provided by Guppy Network The Guppy Network at its core decentralized exchange and transaction network. By using existing and new technologies, Guppy Network will allow users cryptographically represent other digital assets, which can then be used as a medium of exchange for other digital assets, whether they are backed by centralized or decentralized technologies. We propose a protocol called Guppy and its implemented cryptocurrency proxy called Gu. The value of every Gu is attached to another cryptocurrency, and it can be imported or exported in relation to the original cryptocurrencies it represents. For example, users can change their Bitcoins to a Gu comparable, and execute uncountable fast transactions on the Guppy Network with minimal costs, thereby avoiding the slow transaction speeds and high fees experienced in the Bitcoin network. Users can further convert their Gu back to any other originating cryptocurrency supported by the Guppy Network. We further propose an implementation of Guppy based on a directed acyclic graph (DAG) ledger. We utilize concepts that we call Proof of Burn, External Proof, and Futures to enable this cross-chain exchange. Guppy Network runs on its native token, the network will use Guppy token as a gas fee. As a true usefulness token, the Guppy token necessary will prevent hateful actors from spamming the network and present proof to the network in order to run transactions. It is also used to increase transaction speeds, activate the Sub-Zero Wallet, reduce fees on the Infinity DEX, import and export value to and from the Network, among other functions. The Exchanges that will be used in Guppy will cost Guppy Token to use. All transaction on the Guppy Network requires a small amount of GPN to be spent. Spending Guppy token (GPN) results in it being burned.

2.1 The Guppy Network Overview The Guppy Network will be a decentralized DAG-based infrastructure platform that is designed to achieve the mechanism of importing and exporting value from other networks. The Guppy Network will be going to design a fiat gateway that will be a

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decentralized exchange (the Infinity DEX) and non-custodial wallet which will be a cold-storage application, a protocol for tokenizing fiat currencies.

2.1.1: The Network: A Decentralized Directed Acyclic Graph Bitcoin is the first known decentralized cryptocurrency in world wide. It runs under secure mechanism which known as “blockchain”. The block chain system in cryptocurrencies is used to store transactions and technically known as digital ledger Figure 1 (a) shows a blockchain where blocks are linked together. Currently this technology suffers scalability problems. To solve this problem Guppy Network will come with another method of implementing decentralized ledgers by decentralized network. This technology will lie under a DAG based network; this will be more effective solution. DAG is short for Directed Acyclic Graph. Figure 1(b) illustrates transactions in a DAG based network.

Figure 1(a) Block Chain Figure 1(b) DAG

DAG is a structured data structure that uses topology import. The sequence can only come from sooner rather than later. DAG is often used for problems related to data processing, scheduling, finding better ways in navigation, and data compression. The transactions issued by nodes constitute a graph, which is the ledger for storing transactions. When a new transaction arrives, it selects two other transactions to approve. These approvals are represented by directed edges, as shown in Figure 1 (b). By following the approval path of the transactions, eventually we reach the transaction. This is the first transaction that initiates the graph. The origin transaction does not necessarily issue any tokens. However, one of the breakthroughs of the Guppy Network is that it allows the issuance of tokens backed by an external network.

2.1.2 Import/Export Mechanisms and External Exchange Transactions The uniqueness of Guppy Network value propositions is its ability to securely import value from outside networks/blockchains, and then securely export it back to its original networks/blockchains. This is achieved in part using proxy tokens known as Gu. How it will be going to work is as follows: Gu(BTC) is the proxy token of BTC in the Guppy network. Proxy tokens in Guppy are guaranteed to have the same value of their backing tokens. we shall develop a technology that will be a resilient to market forces. The technology will prevent situations where demand for Gu(BTC) grows faster than

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demand for BTC or demand for Gu(BTC) drops faster than demand for BTC. Let us illustrate this in simple way. You can think of BTC as cash and Gu(BTC) as a certified bank check. Users can go to bank and lock their cash, and the bank gives them a certified check that is effectively the same as cash. Market forces do not change the value of certified check compared to cash because any time people want to acquire large number of certified checks, they can go to the bank and bank will create as many certified checks as there is locked cash. If people decide to re-acquire the cash, they return to the bank, and the bank will destroy the certified check and unlock the cash. If there is enough cash in the safe for every certified check produced, there will not be a divergence in the value of the certified checks versus cash. In above example, it is vital for the bank to secure its safe. If a thief steals the safe, suddenly those certified checks are not backed by cash. Therefore, the security of value lock/unlock techniques is of paramount importance. In addition to proxy tokens, Guppy Network has its native utility token (GPN), and other tokens that network users or dApps can create (similar to BEP-20 tokens). Moreover, Guppy’s proxy tokens and native tokens can interact within the Guppy Network, where they can be exchanged or used in transactions.

2.1.3: Fast Decentralized Exchange (Infinity DEX) Most digital asset exchanges are done through normal centralized exchanges. A centralized exchange works by holding the user’s assets in their data sources servers. The primary concern with centralized exchanges is that users must trust exchanges with their assets. This can cause monetary losses. Decentralized exchanges, eliminate counter party risk because they do not hold user’s assets. Guppy Network can function as the settlement layer for other decentralized exchanges. However, the primary breakthrough is Guppy Network’s own decentralized exchange – the Infinity DEX. The Infinity DEX with order book for matching buyers and sellers enables fast and secure decentralized transactions without counterparty risk, for nominal fees. As of this writing, users can engage in decentralized trades of following digital assets using the Infinity DEX, and the trades settle in less than a second: BTC, ETH, XRP, TUSD, Gemini Dollar and GPN.

2.1.4: Non-Custodial Wallet Guppy Network will be going to design a Non-Custodial Wallet to secure management of digital assets, as well as to manage a simple market trades, risk- free over-the-counter transactions and simple risk-free payments. Users will connect to Guppy Network through their Non-custodial Wallet. Because Guppy will be a decentralized Exchange, the network will not have access to a user’s private key. By using advanced encryption technology, user’s private keys will still recoverable in the event the device is lost or stolen.

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2.1.5: Token Platform Currently the Binance Smart Chain network is used for issuing BEP-20 tokens. BEP-20 Tokens are not first-class citizens of the Binance network. Instead, they are generated using a specific type of smart contract that manages gigantic hash-maps. The Guppy Network description will be going to allow developers to create new tokens that can be transacted and exchanged in a scalable manner. As explained below, Gu(BTC) or Gu(Litecoin) are tokens that are backed by external value. In Guppy Network, we will introduce a new type of transaction, which we call the Origin Transaction. The Origin Transaction issues a new set of tokens that are not backed by anything. An Origin Transaction has the following extra fields: Number of tokens and Is Open Ended. The Origin Transaction can be created by a smart contract or a normal account. The creator of an open-ended Origin Transaction can create more Origin Transactions. The only account able to spend from the Origin Transaction is the originator, being a normal account or a smart contract. Currently, the Guppy Network is on the process to be developed, it will be built to allow developers to issue their own native tokens, which can be recognized and transacted similarly to other native or imported tokens in the Guppy network.

2.1.6: Guppy Network Advanced Features Overview

Guppy Network platform will have the following vision: i. To be very strong network and interoperability network to facilitate the

seamless transaction and exchange of both cryptocurrencies and fiat currencies,

ii. To remove the barriers that has hindered the use of cryptocurrencies for everyday transactions. In continuance of this vision, we will have to develop a product that will run on the network like Infinity DEX, and fiat gateway protocol, and will be implementing additional protocols such as low latency transactions, dApps, and sub networks.

iii. The Network will have the replaceable data layer. We will replace the data layer with an appropriate technology once a fast, reliable, and mature option is available.

iv. The system designed will have highly reliable and support at a very high throughput of transactions. These properties are essentially trivial in distributed centralized systems, but they are quite difficult to achieve in peer-to-peer decentralized systems. The beauty of graph-based transaction systems such as Guppy Network is that it enables us to mix these two approaches: The system will enable users to write their code using their favorite language, whether that is Python, Go, Java, etc., and package it with all the dependencies. They can use their existing tooling and programming knowledge to write a decentralized application. This will increase increases the number of people who can contribute to the decentralized ecosystem.

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v. The system designed from the ground up will support tokens that represent external assets. It will provide mechanisms to secure the transfer of assets from other networks. In addition to crypto assets, it can represent real-world assets such as fiat currencies.

2.1.7: The Guppy Token (GPN) Features The Guppy Network token, under ticker “GPN”, will be gas fee of the network. A small amount of GPN must be spent in order to run transactions on the Guppy network. Fore stance if a user wants to send a Bitcoin to another user, he/she must spend approximately 0.005 of GPN cent worth of to perform that transaction. This will prevent spamming and enable very high security measure. Because each transaction must present proof to the network in the form of the native token for the transaction to execute. There are two notable characteristics of the GPN token: burning, staking and fee reduction.

Burning the token supplied is relatively straightforward. Every time when a GPN token spent it will be going to be burned. There is no risk of the reducing the token supply to zero because the metric to consider is price, not units. The network fees per transaction in Guppy Network will always be around 0.005 cent, unless the transaction is more complex like depositing assets into the network, in which case the transaction costs will be slightly higher.

Other future of the network system, will performing a staking and incubation mechanism where in transaction validators can receive a percentage of transaction fees verified by the validator’s respective node(s). Staking will be implemented as an additional mechanism to increase overall security of the network

3.0: Use Cases

i. Guppy Network will be a decentralized interoperable network. It will enable the seamless transaction and exchange of any digital asset. The Guppy Network team will develop the special wallet for OTC/peer-to-peer transactions, and the Infinity DEX – a simple yet sophisticated decentralized exchange for novice and professional traders alike. A team will build fiat gateways to enable users to exchange fiat with cryptocurrencies in a fast and decentralized manner.

ii. The Guppy network team will create a transaction layer; a platform specializes to protect new tokens and dApps, consumer payment platform for fiat currencies and cryptocurrencies; a nation states currency platform and private and enterprise networks connected to the outside world. A detailed discussion of these future cases will be found in the coming Guppy Network Technical Paper.

iii. The Guppy network team will design a special wallet which will enable users to

connect to the Guppy Network through their private Wallet that will be designed. Because Guppy network will be decentralized, the network will not

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have access to a user’s private key. Similarly, the wallet that will going to be designed will holds assets are also decentralized - the tokens and the private key will be distributed across the network’s nodes.

iv. The Guppy Network’s decentralized products will empower users by giving

them control of their assets. To empower means that users will hold their private keys securely. This will create a gap in the market when it comes to keeping a decentralized wallet secure. The Guppy Network will be designed to address this gap.

4.0 Fiat Gateways While the Guppy Network team attempts to provide the best wallet and exchange experience even compared to the centralized options, it is critical that, the system allow users to access fiat money. The world of fiat money is governed by financial regulations and there is no decentralized solution for access to fiat. In that sense, the feature designed Wallet will provide features for users to access the traditional banking network, based on their geographical location. To ensure complete compliance with local regulations, the technical team proposes two methods to implement a fiat gateway.

a. Direct Integration of Guppy Network with Fiat Gateways In this model, Guppy Network will partner with established fiat gateways in various locals. Guppy tokens will be listed directly on the fiat gateway and users will be able to buy Bitcoin directly in Guppy network with fiat currency.

b. Guppy Network Gateway All the above options for a fiat gateway have a major drawback in that Guppy Network will not have control over the fiat transfers, and therefore will not be able to innovate and reduce costs. However, Guppy Network will be pursuing the path to fiat gateway and direct access to the banking system. The process of securing licenses and obeying to local regulatory requirements will take time, and may happen in some locals before others, but once achieved, Guppy Network will be able to reduce the cost and improve the speed of transactions with fiat currencies.

5. Utility Token Offering Guppy Network is dedicated to long-term growth, which begins with strong token metrics and a reasonable valuation. This section provides detailed information concerning our utility token offering.

a. General Information

Token Name and Ticker: Guppy Network Token (GPN) Token Type: BEP-20 Price per GPN (Initial): $0.2 Total Supply: 3,000,000,000 GPN

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b. The Traction Based Reserve Model

To align the interests of investors and the project, and facilitate a low raise, the project will develop an innovative model known as Traction Based Reserve Model.

The Traction Based Reserve Model means that approximately 16% percent of GPN token will go to be locked in the Traction Based Reserve. These reserve tokens will be locked for one year then slowly and predictably released conditional on the network gaining adoption.

This is how it works. As tokens are burned through daily transactions and economic burning, a similar amount will become unlocked from The Traction Based Reserve. The amount of tokens burned and subsequently released will be calculated on a monthly basis and revealed in a transparent way. The exact ratio of burned to unlocked GPN will be determined once we have more data on daily transactions, but by tying the releases to the amount burned, not only are we focused on the most important metric (i.e. the value of the network), we are ensuring that supply rate growth remains low because the amount released will be similar to the amount burned.

The Traction Based Reserve Model also has a built-in risk management strategy. To manage unexpected risks, a minimum amount of GPN will be released from The Traction Based Reserve each month. The exact amount of monthly risk-management GPN will be announced closer to the date of the first unlock, but it will be a reasonable number considering project’s financial situation at the time, and will not result in detrimental supply rate growth. Once the traction-based unlocks exceeds the value of the risk-management unlocks, then the latter will not be necessary.

Staking In the Guppy network, staking will be one of mechanism which will going to implement. This will help to increase overall security of the network. What this is means is that we will implement a staking mechanism where in transaction validators can receive a percentage of transaction fees verified by the validator’s respective node(s). In early versions of the network, staking GPN will be enabled as an incentive to perform valuable tasks on behalf of the ecosystem. More information on the early staking model, including the reward system, will be released in subsequent versions of this Whitepaper.

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C. Allocation of Project Tokens: The project tokens are allocated as per the below.

Staking Team and Future Development

Exchange Listing

Burns Pancake swap liquidity & Traction

5% 5% 20% 20% 50%

150,000,000 150,000,000 600,000,000 600,000,000 1,500,000,000

A description of each category, as well as their unlocking schedule is as follows. Note that “Team” and “Advisors/Strategic Partners” are combined in the “Team Tokens” section in the above graph, but there are slight differences between the categories, as explained below. Team (5%): Team tokens are designed to incentivize the team, acquire new talent, and spur development. The team tokens will be locked for two years and then released on a monthly basis. Staking (5%): Staking will be implemented as an additional mechanism to increase overall security of the network by confirming transactions. Staking rewards will be distributed over the course of three years, and the rewards will be dependent on different factors such as how many tokens are staked, for how long, and how many transactions are confirmed during the staking period. The Traction Based Reserve (16%): Approximately 16% of tokens are allocated toward the Traction Based Reserve Model, which is designed to align the interests all stakeholders because it further incentivizes the project to hit milestones and achieve network adoption. As explained above, Traction Based Reserve tokens will be locked for one year then slowly and predictably released based on the network adoption and burned GPN.

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Team Guppy Network is involving with experienced professionals from different sectors like technology, finance, law, to the world of blockchain and cryptocurrencies. The following is a complete list of professionals who are the back born of Guppy Network project Hiroshi Yuuma CEO and Lead Developer BSc. Computer Science & Masters Holder in Network Security. Hiroshi specializing in systems & Network Security, he is dedicated in the blockchain specifically in Mining. Before this project Hiroshi was developing extremely scalable distributed systems and machine-learning expert throughout the last eight years ago. After getting these skills, he is decided to build Guppy Network.

Chee Lee Co-Founder and General Counsel Chee is a Masters Holder and certified in finance. He has managing capital markets and securitization teams at different Projects more than 10 years. Chee brings his wealth of fundraising and capital markets experience to Guppy’s initial utility token offering, and has played a crucial role in developing Guppy’s advanced financial models. San Chan Web Developer and System Expert San has wide knowledge with distributed systems, starting with his involvement at a distributed systems startup in 2010. San Chan has a strong theoretical background in artificial intelligence, distributed systems, and software design language theory. He will join with special team when designed started

Aoki Chikao

Head of Marketing Aoki is a true marketing master. After practicing his skills at different projects, a social media marketing and community management agency specializing in blockchain and cryptocurrency. As Guppy’s Head of Marketing, Aoki is responsible for marketing strategies, community growth, community management, and design work, and everything in between.

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Advisors & Conclusion Guppy Network is surrounded by the top advisors in the world of blockchain and cryptocurrency, whose hard work and experience has been invaluable to Guppy. A full list of the advisors will be listed on the Guppy Network website. Guppy Network is a blockchain-based made under Binance Smart Chain. Guppy Network will bring world-class financial applications to evolving markets and aim to empower millions of people around the world with non-custodial financial applications. Our advanced financial products run on top of a DAG- based interoperability network that connects to nearly any blockchain and works natively with fiat currencies. It’s like the Lightning Network, but for every blockchain.

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