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Origin D Your Shares for Tomorrow's Trading Platform DSDAQ April 21, 2020 White Paper 1.0

Origin D · 2020-04-27 · 1 Executive Summary Origin D ("OD") is a decentralized crypto-token issued on the Ethereum network by Dsdaq - one of the most innovative Fin-tech startups

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Page 1: Origin D · 2020-04-27 · 1 Executive Summary Origin D ("OD") is a decentralized crypto-token issued on the Ethereum network by Dsdaq - one of the most innovative Fin-tech startups

Origin D Your Shares for Tomorrow's Trading Platform

DSDAQ

April 21, 2020

White Paper 1.0

Page 2: Origin D · 2020-04-27 · 1 Executive Summary Origin D ("OD") is a decentralized crypto-token issued on the Ethereum network by Dsdaq - one of the most innovative Fin-tech startups

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Executive Summary

Origin D ("OD") is a decentralized crypto-token issued on the Ethereum network by

Dsdaq - one of the most innovative Fin-tech startups in the world. Dsdaq has

received investment from top venture capital firms. Dsdaq does not raise any funds

through Initial Coin Offering(ICO). The total circulation of OD is 1 billion. All ODs are

distributed 100% free to its users, promoters, developers, and supporting partners.

OD is proof of the rights and interests of the Dsdaq network. Holders of OD have the

right to get free airdrop tokens, to participate in community governance by voting,

to enjoy the priority to become the Dsdaq global node, and so on. 30% of the Dsdaq

quarterly profits will be used to buy back and burn OD, until 300 million ODs are left.

Dsdaq is a bridge between the traditional financial world and the cryptocurrency

ecosystem. With the Dsdaq app, users can easily explore and trade various global

markets such as stocks, indices, commodities, futures, ETFs, as well as mainstream

cryptocurrencies. Users can use their cryptos as collateral to trade Tesla stock or

Nasdaq 100. Each user enjoys a 0 commission fee for some asset classes and a

meager fee for the others. Dsdaq users will receive free OD rewards for each

successful trade.

Dsdaq is dedicated to provide users the best mobile trading experience and the

greatest trading flexibilities, making Dsdaq becoming the next generation trading

platform for both traditional assets and crypto assets investors.

Page 3: Origin D · 2020-04-27 · 1 Executive Summary Origin D ("OD") is a decentralized crypto-token issued on the Ethereum network by Dsdaq - one of the most innovative Fin-tech startups

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Table of Contents

1. What problems do we solve?

1.1 Facilitating financial democratization

1.2 Enabling one-stop cross-border investment

1.3 Enhancing transparency and efficiency

2. Our Solutions

2.1 Product

2.2 Compliance and risk control

2.3 Technology

3. Economic Model

3.1 Free token

3.2 Circulation and distribution scheme

3.3 Repurchase and burning

4. Timeline

5. Legal Disclaimer

6. Reference

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1. What problems do we solve?

1.1 Faciliating financial democratization "Financial Democratization" is the core idea of Professor Robert Shiller. Robert is a

professor at Yale University and has achieved Nobel Prize Economics in 2013.

According to him,“ Democratization of finance will dramatically extend the realm of

financial technology to everyone, improving human welfare."

What is financial democratization? According to Professor Robert Shiller, finance is

no longer considered superior, no longer a paradise where bankers dominate, no

longer a stage where the banking industry is supercilious. Instead, it’s a happy

plaza where every customer can achieve personal value and fulfill personal wish.

Professor Schiller believes that this desire depends to a large extent on the

popularity of technological means and the breaking of monopoly shackles. In his

book Finance and a Good Society, he wrote, "Democratic transformation of finance

means creating more financial solutions developed for the people, using some

technologies that serve the needs of the people, and ensuring that the people can

be smarter. To participate in the financial system."

Dsdaq is such an innovative financial democratization solution. The easy access to

internet and smartphones have enabled basic environment and infrastructure for

product globalization. Image recognition, big data and artificial intelligence

technologies provide reliable technical support for compliance and anti-money

laundering. The introduction of blockchain technology offers a trusted, low-cost and

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efficient scheme for the booking, liquidation, clearance, and settlement. This makes

it possible to remove some of the physical and geographical barriers that people

have encountered in investing in the financial secondary market in the past, subject

to the regulatory and compliance requirements, so that people around the world

can participate in and benefit from the operation of global capital markets in a more

equal and transparent manner.

1.2 Enabling one-stop cross-border investment

So far there is no trading platform that allows users to freely allocate investments in

different regions, different asset classes and crypto assets. In reality, we often see

gold price soar when stock markets fall sharply, or emerging markets up when US

market down, or cryptos stand out when traditional assets are underperforming. We

are unable to adjust our positions conveniently and cost-efficiently between

different regions or between traditional and crypto assets, depriving us of options

for risk hedging or arbitrage.

Rich people will have less problem because they have more choices to access

various markets, and they can afford the costs of opening accounts and transferring

funds between different financial institutions and regions. But worldwide it is

difficult for people to enjoy investment freedom. Dsdaq creatively solves this

problem, users could trade various assets like stocks, indices, commodities, futures,

ETFs, and crypto currencies at one-stop with a few clicks, which means they can

switch the postions quickly to hedge risks or make arbitrage.

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1.3 Enhanceing transparency and efficiency in financial services We believe financial transaction and service system requires high level transparency

and efficiency while the reality is that very often we see that the design of financial

products is complicated and lack of transparency, and the banker told us it is so

called finance engineering.

The emergence of Dsdaq will transform the status quo. We use distributed-ledger to

keep transaction records, which increases the transparency and credibility of the

platform. Payment and clearance will be settled on the blockchain, eliminating the

dependence on the traditional interbank transfer system, greatly saving costs and

improve efficiency. We also minimize the transaction costs and return most of the

profit to Dsdaq users, promoters and developers by giving away free ODs for each

trade they made.

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2. Our Solutions

2.1 Product l Real time transfer of assets is supported between your sub-accounts

There are several sub-accounts in user wallet including spot trader account, crypto

contract account and financial contract account. Funds can be transferred between

accounts in real time and without costs, therefore users can trade various products

and switch postions quickly.

l Diversified asset classes and flexible trading tools

Dsdaq offers traditional financial products and crypto assets for users to trade at

one-stop, and all assets are selected ones with abundant liquidity. Dsdaq supports

buying long and selling short, so that users can make profit no matter the market

going up or down. We also provide users with leverage to amplify their purchasing

power but we put user protection the highest priority. For example, we only provide

5X leverage for stocks like Tesla and Facebook, and only 30X leverage for indices,

these are very low leverage compared with other service providers. Dsdaq app also

supports stop-loss and take-profit.

l Low commission fee and free ODs for each trade

The commission fee for trading indices, commodities, foreign exchange and futures

on Dsdaq is Zero. The fees for trading stock contracts and crypto contracts are also

low and will be returned to users in the form of free ODs.

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l Crypto collateral trading

Dsdaq is the first platform in the world providing crypto collateral trading service.

Users can use BTC, ETH or stable crypto currencies as collateral in exchange for the

purchasing power in dollar, then investing in traditional financial assets. As a result,

Dsdaq opens a gate towards tradtiontal financial world for crypto holders, where

they can hedge risks by investing traditional financial products when crypto price

falls, or enjoy the benefits of price up of both traditional and crypto assets at the

same time.

l Aggregated liquidity

In order to provide the best liquidity depth, Dsdaq aggregates liquidity from the

world's major liquidity providers and crypto exchanges, so we can guarantee that

whether users buy or sell, they can get the best price whenever trading.

l Ease of use for entry-level users

Dsdaq strives to be simple and user-friendly, taking into account the needs of both

entry-level and professional traders, and providing them with the best user

experience.

2.2 Compliance and risk control Dsdaq believes that the financial innovation must base on compliance and risk

control. Dsdaq's compliance and risk control principles include:

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l Commitment to regulations: Maintain smooth dialogues with the regulator, fully

implement regulatory requirements, dynamically monitor compliance,

implement internal and external audits regularly.

l Compliant financial assets only: All available financial assets must be registered

by financial regulatory authorities.

l Mainstream crypto assets only: The crypto assets are among the top list of

Coinmarketcap ranking.

l No advice of solicitation: Users execute the transaction by themself, the platform

does not provide investment advice or directions.

l User protection oriented: Dsdaq provides minimum leverage, user protection

funds and 24/7 customer support service. Assets are entrusted to cold wallets.

Dsdaq has established a strong compliance and anti-money laundering framework

to ensure that the platform continues to meet compliance obligations:

l Professional compliance and legal personnel to ensure that the regulatory

requirements of the location of the market are met.

l Use the latest technology to ensure the authenticity and integrity of user

identities.

l Use big data and AI technology to dynamically monitor abnormal transactions.

2.3 Technology

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Dsdaq adopts a 5-layer architecture divided into Application Layer, Network Layer, Core Layer Data Layer and Physical Layer. Application Layer: This layer contains native iOS app, native Android mobile app, web-based application and DApp. Network Layer: We use CDN to deliver low latency, high transfer speeds, superior performance and availability for our end users. vulnerabilities and exposures will be protected by AWF & Shield. OpenResty constructs an extremely high-performance web applications that are capable to handle 10K ~ 1000K+ connections. Core Layer: There are several modules in the core layer, including Business Service, Service Controller, Monitor, Computation Jobs & Task and Blockchain Service. Data Layer: This layer consisted of distributed DB Cluster, Cache Cluster, ElasticSearch Cluster, MQ Broker and NAS Cluster. The distributed data layer will ensure data accuracy and data efficiency.

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Physical Layer: The combination of Kubernetes and Docker enables microservices architecture that promotes fast delivery and scalable orchestration of cloud-native applications. Besides 5-layer architecture, there are some key technical features: l Proprietary Matching Engine:

Dsdaq has developed a proprietary high-speed transaction matching engine that

can carry 50,000+ transactions per second.

This high-speed transaction matching engine uses Hazelcast for distributed memory

access and atomic operations. Data flow is used to calculate matching sequences,

and independent level matching logic is used to achieve efficient big data matching.

The underlying matching core utilizes ring buffer structure which is a single and

fixed-size buffer as if it were connected end-to-end. Whenever a producer places an

object, all consumers are notified of parallel consumption with the help of

downstream queues.

This innovative design ensures that the risk of data corruption between business

processors and consumer. Transaction data is added to the ring buffer through

multiple producers and processed by multiple consumers. The proprietary matching

engine based on a ring buffer structure is much faster then traditional

ArrayBlockingQueue.

l Hybrid FinTech Cloud:

Dsdaq's network transaction environment is driven by SDN (Software-Defined

Network) ,SDI (Software-Defined Interconnect), NFV (Network Function

Virtualization), and edge computing, forming a hybrid multi-cloud and distribution

of edge-edge interconnect services. The traditional centralized IT infrastructure is

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equipped with binding point-to-point connections, which directs user traffic to the

centralized data centre.The Dsdaq's multi-points interconnection environment

provides a seamless intra & inter-datacenter connectivity that enables high-

performance, low-latency trading at sub-millisecond speeds.

l Blockchain-Agnostic Interoperability Defi Protocol:

Decentralization is not only the cornerstone of the tampering characteristics of the

blockchain but also the foundation of the blockchain without the permission

attribute. With the maturity of blockchain technology Dsdaq aims to achieve

complete decentralization in the future. Dsdaq will release a decentralized defi

protocol. This protocol will be blockchain-agnostic which means the protocol can be

implemented on different programmable blockchian. interoperability at the protocol

level as well as at the decentralized application level, allowing transactions to settle

on mutiple blockchains. Dsdaq decentralized protocol eliminates the need for a

central clearing house, providing fair and global access, and granting users full

control of their funds.

l HSM Security:

Using the latest multi-factor security mechanism from the inside out, Dsdaq provides

the technology of separating hot and cold wallets to ensure the ultimate safety of

user assets. Offline cold wallets are used to store majority of user assets, to achieve

asset high level security. Hot wallets are responsible for a small portion of assets

that are often used for transactions. If you want to move the assets in the hot wallet,

you need at least half of the keys to move the assets at this address. The multi-

signature security mechanism implemented by hardware uses a hardware security

module (HSM) to protect the private keys used in digital signatures. HSM encryption

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machines are mostly used in commercial banks, such as credit card systems, bank

and credit transfer systems, and online securities transactions. Bank-level chip

encryption directly isolates various risks physically and protects user assets.

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3. Economic model

3.1 Free token We do not raise any fund through ICO. All ODs will be rewarded to our users,

promoters, developers and partners 100% free. The number of OD they can get is

proportional to their contribution to the community. Users will receive free ODs by:

l Trade on Dsdaq:

User will get certain amount of ODs for every successful transaction. To encourage

early adopters, Dsdaq uses a pre-set deflation model, and early users will get more

ODs. As the transaction volume and users increase, it will become more difficult to

obtain OD.

l Promote Dsdaq:

To align the user interests and platform interests, Dsdaq will reward users'

promotion behavior constantly, no matter they use the referral or sharing fuction

built in App or creating contents on Twitter, Facebook, Telegram, Youtube, or any

other media to promote Dsdaq. There will be plenty of ongoing bounty programs,

users can join Dsdaq Telegram official group to get the latest information.

l Help to build Dsdaq Ecosystem :

Exchanges and market makers that provide liquidity and high-quality services for

Dsdaq users, technical teams and individual developers who help to improve Dsdaq

products will also receive OD rewards based on their contributions.

3.2 Circulation and distribution scheme

The total circulation of OD is 1 billion. The distribution scheme is as follows:

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� Users: 70%, to reward users for trading and promotion.

� Ecosystem partners and early equity investors: 20%, unlocked in four years,

25% per year.

� Team: 10%, unlocked in four years, 25% per year

3.3 Repurchase and burning

Dsdaq will use 30% of quarterly earnings to buy back ODs, and transfer the ODs to

black hole address for burning until there are 300 millions ODs left.

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4. Timeline

l Dec 2018 - Mar 2019 Singularity

Dsdaq starts from a singularity point. We carried out market investigations,

designed and polished business models, consulted industry leaders, and develop

the Beta version. The team sets its sights on building the revolutionary global

trading platform.

l Mar 2019 - Dec 2019 Initial thrust

We incorporated blockchain technologies, developed and tested an advanced

trading platform. The first version of Dsdaq App was officially launched in Dec 2019.

l Q1-Q3 2020 Skywards

During this period, we will enter targeted markets, at the same time upgrading our

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products and services. The main goal is to acquire the first 1 million users. Once a

large base of users has been achieved, a global trading network incorporating the

well-designed innovations in blockchain technology can be built and deployed.

l Q4 2020 Escaping from the gravity

The big day of Origin D will come! We plan to list OD on a major crypto exchange in

Q4 2020. We expect that many of those who have made the effort to help Dsdaq to

grow will get significant rewards. With the fast growth of Dsdaq transaction volume,

it's time for every user to get a slice of the cake. We will also expand our service to

more regions.

l 2021-2025 Interstellar

We expect the traditional financial world has been deeply reformed by blockchain

technology, and the landscape of the financial world has undergone revolutionary

changes. Dsdaq will get worldwide recognition as a leading Fin-Tech innovator.

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5. Partnership

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6. Legal Disclaimer

The Whitepaper does not constitute any relations between you (hereinafter “you” or

“Holder”) and the distributor. Acquisition of OD tokens does not present an

exchange of cryptocurrencies for any form of ordinary shares of the distributor and a

Holder of OD tokens is not entitled to any guaranteed form of dividend.

OD tokens are not intended to constitute securities in any jurisdiction. This

Whitepaper does not constitute a prospectus or offer document of any sort, and is

not intended to constitute an offer of securities or a solicitation for investments in

securities in any jurisdiction.

This Whitepaper is for information purposes only. The contents of this Whitepaper

are not a financial promotion. Therefore, none of the contents of this Whitepaper

serves as an invitation or inducement to engage in any sort of investment activity.

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7. Reference

Media Report

Bloomberg

"Dsdaq creates a milestone by using Blockchain Technology for Global Trading"

https://www.bloomberg.com/press-releases/2019-12-24/dsdaq-creates-a-

milestone-by-using-blockchain-technology-for-global-trading

Yahoo Finance

"Fintech Startup Dsdaq Raises a $1.5M Angel Round Funding led by Efftronics Asia

and Draper Dragon Fund" https://news.yahoo.com/news/fintech-startup-

dsdaq-raises-1-104000311.html

"Dsdaq creates a milestone by using Blockchain Technology for Global Trading"

https://finance.yahoo.com/news/dsdaq-creates-milestone-using-blockchain-

110000059.html

Morningstar

Fintech Startup Dsdaq Raises a $1.5M Angel Round Funding led by Efftronics Asia

and Draper Dragon Fund

https://www.morningstar.com/news/accesswire/584205msn/fintech-startup-

dsdaq-raises-a-15m-angel-round-funding-led-by-efftronics-asia-and-draper-

dragon-fund

Yahoo News

"Fintech Startup Dsdaq Raises a $1.5M Angel Round Funding led by Efftronics Asia

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and Draper Dragon Fund" https://news.yahoo.com/news/fintech-startup-

dsdaq-raises-1-104000311.html