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P a g e | 1
THE WHITE PAPER
Token issuer : TECHNOLOGY GROWTH (GP) LLP
Token ticker : SLC
Token name : Solution Life Coin
Public sale : 10/2020
01. EXECUTIVE SUMMARY………………………………………………..02
02. WHY………………………………………………………………………..03
BACKGROUND
SHORTCOMINGS OF CURRENT MARKET
NOW IS THE TIME TO CHANGE
03. Solution Life platform……………………………………………………..12
ACTIVATE THE OVER THE COUNTER MARKET
BENEFITS AND FEATURES OF CORE PRODUCTS
TOKEN SOLUTION LIFE (SLC)
04. ROADMAP AND MILESTONES…………………………………………22
05. Operation team…………………………………………………………….23
THE CO-FOUNDERS
CORE TEAM
Summary 06. END………………………………………………………………………………………27
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Executive Summary
Solution Life is an open-source platform that enables to create peer-to-peer marketplace and e-
commerce applications. Solution Life aims at building a global sharing economy, allowing buyers and
sellers to use segments of goods and services (car sharing, service missions, home sharing, etc.) to
transact on the open, distributed source web. Using Ethereum blockchain and Interplanetary File System
(IPFS), the platform and its participants can interact with the peer-to-peer model, allowing the creation
and placement of services and goods without going through traditional middle parties.
We plan to build a large-scale commercial network:
• Exchange financial value directly (listing, transactions and service fees) from big corporations
like Airbnb, Craigslist, Postmate, ... to individual buyers and retailers.
• Exchange financial value and strategic value (internal aggregation of customer and transaction
data) from similar corporations to entire ecosystems
• Create new financial value for market participants who contribute to platform development
(e.g. building new technology for the Solution Life platform, developing new vertical products
and introducing new users and businesses)
• Build the open, distributed, and shared data layer to promote transparency and collaboration
• Allow the buyers and sellers in the world to transact without difficulty in converting currencies
or tariffs
• Promote personal freedom by not allowing a corporation or central government to impose
arbitrary and overly conventional rules of business operation.
To conduct these ambitious goals, we created the Solution Life Platform with programs that encourage
technologists, businesses and consumers to build, contribute, and expand the ecosystem. We plan to
build a broad collection of vertical industry applications (e.g. short vacation rental, free software
engineering, tutoring) built on standards and data sharing Solution Life.
When writing this article, the Solution Life platform is currently in Mainnet Beta. Platform Version 1.0
is expected to be activated in Quarter 3/2020. While the majority of engineering work is being done by
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the core engineering team, we expect future developments, after launching platform 1.0 from developer,
will come to open source community members
Together, we will create the Internet economy of the future.
Details of Whitepaper:
• Why is a new model of peer to peer trading necessary?
• Benefits proposed on the Solution Life Platform
• Product strategy, main features and technical overview
• Overview of the Solution Life team and community
Why?
BACKGROUND
Since the appearance of the Internet, the digital marketplace has connected buyers and sellers of goods
and services, allowing transactions that have never happened before. Craigslist launched in 1995 and
dominated for many years in local and regional commerce. At the same time, eBay began to grow and
create a whole new category of sales based on auction, creating a more efficient way of doing market
business.
Through 20 years of rapid change, many businesses on the Internet market in both B2C and B2B types
have developed strongly.
Currently, sharing economy markets such as Airbnb, Uber, Getaround, Fiverr and TaskRmus have been
very successful in combining buyers and sellers of the sharing economy. Now, the use of distributed
assets can be sold as easily as atomic items, and people around the world are exchanging their excess
inventory, time, and skills for profit.
New markets including the Gig economy, the service sector and the use of segment assets are
particularly suitable to be basis for peer-to-peer systems built on blockchain.
Most of the shared economic enterprises have some common points.
Firstly, as a collection, these companies have made a big impact on the world. Consumers of the markets
were able to improve their lives with access to products and services that they didn't have before.
Vendors have been using these platforms to reach customers on a larger and easier scale than before.
Each market creates a "private home" for consumers and suppliers to transact together, creating liquidity
for that market.
Secondly, most sharing economic enterprises follow the same growth cycle. Without a few exceptions,
these famous markets are difficult to launch and grow. Enterprises in the market often have to start
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building with millions of dollars, and in terms of Uber and Airbnb, these two businesses spend billions
of dollars to scale. That is also the reason why these businesses suffered serious losses in the early days.
In fact, the corporation is subsidizing the use of marketplace for its users. However, due to the very
positive cross-network effect, successful marketplace businesses can increase revenue exponentially
over time, usually by charging a fee per transaction on the network. Network-effect enterprises, such as
share economy market, are often enterprises occupying all directions and growing stage, gaining a
disproportionate value from the network for corporation’s management and their shareholders. In many
ways, they become the only dictator on the scale they achieve.
Finally, although there are huge differences in user experience, business mechanics, and vertical specific
features among companies on the Internet market, they all share many parts built and rebuild many
times. Lyft, Postmate, and DoorDash themselves has designed their own solutions for user and supplier
profiles, shopping experiences, matching algorithms, reviews, and ratings. This is proprietary
technology that is valuable on one side. On the other hand, chasing useless things each time creates a
new market vertically wasted time and effort. Consumers also create and manage dozens of accounts on
these market enterprises themselves, each with their own personal data and transaction history.
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In the last few years, blockchain technology innovators and investors have called teams to build peer-to-
peer versions of businesses in the current sharing economy and to trade the Internet in a more efficient
way.
P2P lodging sites like Airbnb have already begun to transform the lodging industry by making a public
market in private housing. However, adoption may be limited by concerns about safety and security
(guests) and property damage (hosts). By enabling a secure, tamper-proof system for managing digital
credentials and reputation, we believe blockchain could help accelerate the adoption of P2P lodging
and generate.”
- Goldman Sachs Research (Blockchain: Putting Theory into Practice)
Don Tapscott, the author of the "Blockchain Revolution", said that Bitcoin-based technology could be
used to promote the interest in Uber and Airbnb. - The Wall Street Journal
"It is difficult for middle parties to achieve sustainable growth in business," [Fritz Joussen] said. "These
platforms [tourism middle parties] build accessibility by spending billions of dollars on advertising, and
then they generate exclusive profits based on what they have with sales and marketing. They provide
great sales and marketing services. Booking.com is a big brand but they make outstanding profits
because they own proprietary structures. Blockchain will destroy this. "- Skift
However, most of the infrastructure and transmission systems for building distributed-market
applications did not exist before Solution Life was born.
We aim to address the shortcomings of current market companies and are happy that we have launched
the Solution Life Platform, which opens up peer-to-peer commerce with corresponding scale.
P a g e | 6
SHORTCOMINGS OF CURRENT MARKET
Capture unfair value
The value of tokens from current trusted middle parties is sometimes not matched with the value they
create. Additionally, capturing of value is centralized to network operators, not network participants.
For example, we can take a look at Airbnb, which built a currently reported $ 38 billion business.
Airbnb has built an impressive technology platform creating conditions for online booking and reviews,
as well as launching local groups of activities to launch and develop local markets. Even in 2017, the
company is proud of a list of 4 million short-term rental titles. There is no denying that Airbnb has
added tremendous value to the ecosystem by offering both bits and blocks for Ecosystem. The short-
term rental market wouldn't exist if Airbnb didn't create it.
Today, the technology platform has been built and the market actively develops with new homeowners
and users, both sides actively searching for Airbnb's website and mobile apps. Airbnb makes a profit of
5 - 15% for the guest and 3-5% for the homeowner per booking. This means that Airbnb will capture up
to 20% of the value of each transaction regardless of additional work required. Airbnb also
automatically deducts local taxes, which can be an activity not to be missed. For example, hotel taxes in
Chicago, Atlanta and Seattle are 16%.
Noting that Airbnb is not the only unit charging too much for finding its right services. Online travel
companies like Booking.com and Expedia charge the associated hotels 15-30% of the transaction value.
In this case, while both the buyer and the seller get more than it would in the absence of Airbnb, they are
leaving money back as both sides will be willing to agree on a price in between. A more efficient market
will exist if transaction fees are eliminated or even reduced. Both buyers and sellers will benefit
economically when Airbnb ceases to be an intermediary.
" What happens if efficient markets can be built without expensive transaction fees?"
Additionally, as Airbnb develops strongly, it is the company's shareholders achieving the rewards. The
founding company, venture capitalist, and employees will make huge sums of money in a scheduled IPO
in 2020. But Airbnb's earliest homeowners provided market liquidity. So what? They will certainly
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benefit by generating revenue on the platform, but they do not receive the same outstanding rewards for
their indispensable contributions in the early days of the market like employees and investors.
Exaggerated, the company was operating a feudal system where landlords acted as servants to fill the
treasury.
" How do we allow early contributors to critical networks to embrace fairer value?"
Data is blocked by private corporations
Each market operator controls a closed store of user data and valuable transactions. We believe users
will be able to own and control their own data. We also believe that transparency is important to gaining
trust. Large companies always control access to user data for their own benefit. When guests booked the
methamphetamine lab in an Airbnb's first apartment, Airbnb's team of lawyers immediately notified the
nondisclosure agreements and hid money to prevent negative press information from being released.
That may be the right decision for Airbnb, but the company's customers deserve to know the truth so
they can make an informed decision with whom is going to do business. With blockchain, everything is
public and immutable, so transparency is a default feature.
Open, shared data also has an active feature in encouraging competitive development and continually
improving the community.
" What happens if the network data is owned by the community, not the private operator?
Lack of innovation
When an entity wins the category identified in the vertical market, that enterprise can often maintain the
only position. Having more buyers and sellers means more capital to grow your business. Having
invaluable data warehouses, marketing dollars, and brand identity are all powerful braces that prevent
competitors from entering the market, thereby preventing innovation. The most prominent example is
perhaps Craigslist, the Internet's first mainstream goods and services market, which has thrived for more
than 20 years despite an outdated user experience, lack of a reputation system, and trustworthiness, and
even not provide a full-fledged payment for transactions securely and easily.
There have been countless competitors of Craigslist that have failed even though they have managed to
provide buyers and sellers with a safer, easier buying experience just because Craigslist has a pioneering
advantage and the network effect has ingrained into the market. The buyer goes to where the goods are
sold and the seller goes to where the buyer is.
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" What happens if the buyers and the sellers meet on a decentralized, open source network that gives
everyone an incentive to collaborate and innovate for the benefit of the community?"
"What happens if the buyers and the sellers meet on a decentralized, open source network that gives
everyone an incentive to collaborate and innovate for the benefit of the community?"
We envision the future where infrastructure, product features, and business mechanisms are continually
innovated for the benefit of an entire network of buyers and sellers.
Change and verify arbitrary rules
When the market is run by individual corporations, these corporations can and will change policies and
rules at any time. In many cases, they put the interests of the community first. In other cases, they put
their own interests first. There are countless examples of operators in the market that have fights against
the very members who create great value for them.
As the sharing economy market grows, suppliers and buyers become more and more abstracted with
numbers, and some feel they are outnumbered. Uber has increased the amount of money they receive
from drivers from 15% to 30% over the years and drivers are incapable of influencing these decisions.
Many Uber drivers are beginning to feel that they are being taken advantage of when the ride-sharing
giant has taken over most of the market.
In 2017, Airbnb announced it was kicking guests out of rental properties and canceling their accounts
after it discovered that the guests were planning to attend a Ku Klux Klan (KKK)’s demonstration.
Although few people sympathized with members inciting racist and violent ideology, it was a push for
Airbnb to start making views about who is allowed to use their services. What about members of
controversial political and religious groups? The personal decisions of a market founder, even formal,
should not interfere with the decision of the buyers and sellers in the marketplace.
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Many Etsy sellers live in fear that their stores are closed for piracy or violating arbitrary rules like
having duplicate listings or not revealing team members. There are many stories of shop owners closed
without any other hope. Similar stories about platforms that have to close accounts or forfeit money are
all too common on eBay and Amazon. Of course, the seller complained too, but very few alternatives
were suggested.
The regulatory impact doesn't just come from the private corporations that run marketplace. San
Francisco City, the Airbnb location, has passed local ordinances that prohibit rental companies from
accepting bookings from landlords who have not properly registered their homes. The new regulations
are so restrictive, that thousands of rental properties in San Francisco are now banned from the platform.
Dozens of other cities have followed San Francisco's actions, and seen them as a template to impose
their restrictions on the sharing economy. Airbnb is just the representative case in this case, and hotel
lobbyists can attack this valuable industry with ease and efficiency.
Finally, proving the importance of cryptocurrencies, Wikileaks was able to escape the brink of
bankruptcy because US banks blocked accounts with Bitcoin from supporters. By building trustworthy,
distributed trading tools, we can eliminate points of failure in the system that are undermining the user's
personal freedom.
" What happens if the goods and services that add value to the ecosystem can freely trade fairly
according to the laws of prices and quantities in the market, without being dominated by third parties?
P a g e | 10
NOW IS THE TIME TO CHANGE
The market is ready for a new form of peer-to-peer commerce. The world is moving to a large economy,
where more and more individuals are providing products and services for income. More than 22% of
American adults have become suppliers to the sharing economy since 2016, and this number is expected
to increase over time. These providers will benefit greatly from an open network with no expensive
transaction fees or service fees.
Total bookings on the sharing economy are expected to exceed $ 335 billion by 2025. Platform revenue
(mainly fees charged to companies) for the sharing economy is expected to grow even more doubled to
$ 40.2 billion over the next five years.
While the general market continues to explore, value capture only changed in favor of the regional
monopolists. Recently, Airbnb significantly increased the fees for homeowners in multiple regions, from
3% - 5% to 14%. Likewise, Uber's actual commission cost after adding the costs the driver incurs is
much higher than the 25% that Uber recommends. For example, according to recent estimates, the
average Uber commission in San Francisco is 39%.
The world is also increasingly turning to global trade rather than focusing on each local area. The seller
can provide services (and many times the product and goods) to the customers around the world.
Currently, a Lyft passenger will not be able to ride the ride-sharing network Didi ChuXing (China's
largest ride-sharing company) due to the fact that the two companies have signed a partnership for
months and relating to a joint investor who has poured hundreds of millions of dollars into both
companies. In a global marketplace, open marketplace, customers will be able to purchase services from
vendors without a new account, no complicated currency conversion procedures, or not follow
negotiation agreement.
At the same time, the technology of the sharing economy has officially begun to be embraced to support
large-scale decentralized trade.
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With the official launch of Ethereum in July 2015, the world had the world's first widely accepted
blockchain platform supporting smart contracts. Ethereum has created a program where financial assets
are programmable on the network and, equally important, a community of developers, campaigners, and
investors committed to continuing to advance the technology and its practical application.
In terms of data storage, the Interplanetary File System (IPFS) has gained acceptance as a distributed
data repository for the open, fixed web. With the upcoming launch of FileCoin and Proof-of-Replication
(PoR) and Proof-of-Spacetime (PoSt) in the future, a large amount of data will be able to be stored in a
distributed fashion and without the need for trust each other with the right incentives to make the plan a
reality.
The Solution Life platform is built on these two basic technologies. After receiving valuable feedback
from thousands of original users, we're introduced version 1.0 of the Solution Life platform in Q3/2020.
We believe now is the perfect time to foster peer-to-peer commerce and e-commerce to meet growing
market demands and promising technological innovation.
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Solution Life platform
ACTIVATE THE OVER THE COUNTER MARKET
Our vision is to build and develop a free service exchange on the new Internet. In order to do this, we
have to build a simulation platform of most, if not all, of the functionality of a third-party intermediary
on the blockchain and other distribution systems. This is an ambitious and technologically challenging
goal, but we have already completed important milestones that demonstrate our technology and the real-
world applications of the project.
The Solution Life platform has 3 main elements, all of which are open sources:
• Solution Life enabled end user applications
• Solution Life platform for developers
• Solution Life's application protocol
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Solution Life enables end user applications
The Solution Life flagship marketplace app is our consumer marketplace product that allows buyers and
sellers on the network to do business. It is available today on the web at shopSolution Life.com and on
both iOS and Android mobile devices.
Currently, there is only 1 decentralized application (Dapp) marketplace of Solution Life. However,
many other types of DApps under separate segments (e.g., home-sharing or other services segment) are
being actively developed.
Users can use the Solution Life application on a mobile device, Ethereum wallet or a browser that allows
using web3 such as Coinbase wallet, imToken, Trust Wallet, Metamask.
The sellers can create lists, set up availability for products, and accept payments. Buyers can access and
search all goods and services offered on Solution Life's Market Decentralized App and most
importantly, they can buy directly here.
The Solution Life decentralized application is a lightweight application on the Solution Life platform.
The frontend code can even be stored and run on open IPFS carriers.
Besides note that we have no intention of building a decentralized app to be the only application that
reaches users and transaction data. Code, protocol, and other technical features are all 100% open
source, we expect other developers to extend and upgrade their programming code to create their own
frontend experiences. We have over 170 developers contributing to improving the central library and
original Marketplace app. There are already many 3rd party decentralized apps running on the Solution
Life platform in different segments such as homesharing, luxury commerce and fine arts.
We consider the leading marketplace Solution Life application is only the first way to interact with
Solution Life protocols. Going forward, after the 1.0 release, we expect hundreds of new websites,
mobile apps and even APIs to be built on top of the platform.
With that objectives, we will improve the new and better user experience, focusing on each segment
(like home-sharing) or region-by-region (Brazil, Switzerland) so that we can reach deeper into user
habits. Third-party-developed applications take advantage of all or part of the Solution Life developer
base and protocol. We intend to support partially decentralized applications (e.g., management wallet
applications), or even applications that are largely focused on peer-to-peer commerce (e.g: applications
built on traditional platforms use the Solution Life token for incentives).
Solution Life platform for developers
We intend to build a strong ecosystem of programmers, making it successful for third-party applications.
Since blockchain and distributed technologies are still in their infancy and are a challenge for most
developers, Solution Life intends to offer easy to use libraries for developers to simplify the
development process for third parties. By implementing a simple abstraction, we hope to attract more
developers with experience in web and traditional mobile technologies who are new to blockchain
programming.
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The first library built is the Javascript GraphQL library used in building web applications. Future
Libraries may include mobile libraries for popular mobile operating systems such as Apple Apple iOS
and Android Google.
Application Protocol of Solution Life
Solution Life protocols include the open source standards we set for many of the features on
marketplace, including user identities, public listing and peer-to-peer transactions. Protocols also include
an open data layer and the user's data sharing layer, lists, and other data in our Marketplace contracts.
Our full list of Ethereum smart contracts:
• Solution Life token contract (SLC) https://etherscan.io/address/slc
• Solution Life Marketplace Contract v00 – https://etherscan.io/token/slc
Data about users and transactions will be stored on Etherem and IPFS networks. Third-party synonyms
can query the IPFS and Ethereum blockchain networks to get list of goods, history of previous
transactions, and reputations of buyers and sellers on the ecosystem.
This offers a number of benefits. Firstly, the data warehouse is open and immutable means that it can be
completely trusted without paying third-party "trust tax" for verification. Secondly, it equals competition
and allows new groups of developers, businesses, and organizations to compete with each other from
this shared data and ultimately create greater value for the platform. After the launch of version 1.0, we
predict much of the development of the Solution Life platform will come from third-party developers
using this open data layer.
The greatest standard is the Bitcoin itself. The history of open and unchanging trading drove the creation
of exchanges around the world. These exchanges compete for customers, volume of transactions, and
neither side has any data advantage. Additionally, this also promotes the improvement of security, user
experience, marketing, and transaction fees. The consensus of effort has propelled Bitcoin and
cryptocurrencies far beyond being controlled by one entity.
Again, the intended goal is to gather multiple minds to solve the problem of building infrastructure, data
modeling, information architecture, etc. to organize and use the data for a shared economy. decentralized
sharing.
BENEFITS AND FEATURES OF CORE PRODUCTS
In short, the Solution Life platform and third-party applications built on top of it are expected to have
some advantages when compared to the existing shared economic marketplace.
The most important factor is the ability to minimize most transaction costs related to the bridge between
the buyer and the seller. Thanks to the Fat protocol, the value of the network is based mostly on the
value of the protocol layers and less on the application layer (in this case, toll collection sites) 17. Our
driving force is to build a strong ecosystem of buyers and sellers, so we have no intention of charging a
lot of transaction fees on the protocol.
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Note that this does not mean prohibiting third-party app developers from charging transaction fees.
Currently, the Solution Life token is used as an incentive mechanism for third-party marketplace
operators through Solution Life Commission. Merchants can choose to promote their listing and pay an
optional commission to the marketplace operator that connects them to buyers. While we expect these
fees to be significantly lower than existing forms of centralization, market operators and e-commerce
entities have a source of revenue for them to be motivated. to build feature-rich dedicated experiences
across developer libraries and the Solution Life protocol is equally important.
Going back to the examples of well-segmented websites (e.g., babysitting service) and area services
(e.g. bike sharing in Boulder, Colorado) are potential application cases that would offers more
personalized experiences than the default setups offered by leading marketplace Solution Life
applications or e-commerce store creators.
Today, if you want to set up a traditional company to compete in the global economy, you will have to
establish banking arrangements in one country and handle all the related financial regulations. This
creates a huge barrier for most startups looking to expand into international markets. In fact, we often
see copies of existing models growing rapidly in specific areas rather than companies growing from new
ideas. Cryptocurrency, however, is a global phenomenon. Thanks to the widespread popularity of the
Internet, the top marketplace Solution Life platform and application were immediately available in most
countries around the world when we launched the mainnet on the Ethereum platform. We see this as a
huge advantage.
Other high-level benefits include an integration mechanism that encourages ecosystem components to
hold and use Solution Life (SLC) tokens early. We are constantly thinking about the right offers that will
motivate ecosystem participants such as developers, individual buyers and sellers, and others to use
promoting the Platform. We intend to reward those who introduce the Platform and build a secure,
operational, and marketing infrastructure for the Platform. You may have noticed these economic
incentives in the Solution Life Reward's initial implementation.
At a lower level, Solution Life has been built on existing product models and user features. These
features include:
• User profiles and data
• List of goods sold and used asset and service segments
• Escrow for deposits, deposit refunds after service completion or goods exchange
• Install and browse availability / schedule
• Reputation in the form of reviews and ratings
• Secure and encrypted message
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TOKEN SOLUTION LIFE (SLC)
The Solution Life Token (also known as SLC) is a utility token that serves multiple purposes in ensuring
the health and growth of the network. The ERC20 contract is live on the Ethereum network today at:
0x4d44D6c288b7f32fF676a4b2DAfD625992f8Ffbd.
At a high level, this token is intended to serve a number of key functions on the platform. First, the SLC
is a multi-purpose incentive token that is intended to drive the behavior of end users, developers, market
operators, and other ecosystem participants. Additionally, the SLC is an exchange intermediary that can
be used for payments between buyers and sellers on the platform. Ultimately, it is intended that SLC
will serve a vital part in future network governance.
Since November 2020, the Solution Life token has been used to encourage various forms of
participation from the platform's ecosystem participants. Token Solution Life is used to reward users,
developers, marketplace operators and / or other participants for performing activities and services
conducive to Platform development.
Solution Life Rewards
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Solution Life is an incentive program targeted at end users on the Platform. Buyers and sellers on the
platform have been able to earn SLC since our inaugural Solution Life Rewards campaign in Nov of
2020. Solution Life Rewards enables everyone to have a stake in the network. We’ve intentionally
designed the program so that even novice, non-technical users can participate.
With Solution Life Rewards, users can get SLC from account creation and identity verification.
One of the best ways to network is through referrals. As such, end users can also earn tokens by inviting
new users. This creates more confidence between the buyer and the seller.
Users can also earn SLC by following Solution Life's social networking sites or promoting project news
on public channels.
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To encourage trading volume on our Solution Life Platform, we also offer a refund mechanism for users
who purchase from reputable sellers on our network.
Solution Life Commissions
Encouraging marketplace developers and managers to use the Solution Life platform is essential.
Therefore, we launched an advertising and promotion program, creating an integrated business model
for the decentralized marketplace running on Solution Life.
Merchants on Solution Life apps can promote their listings using SLCs for greater visibility on search
and browse results on our preferred and partner apps. The only way to join this program is to pay with
SLC. When a merchant creates a listing, they can add a commission paid in SLC to their listing. This
SLC is placed on escrow in the Marketplace Smart Contrac
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Then, when the sales are allocated, SLC commissions are sent to the applications that brought the
partner (buyer) to complete the purchase. This gives app developers the incentive to promote seller
listings, as well as compete with each other to drive the most sales for sellers.
For a more concrete example, let's say that a homeowner in NYC wants to share his or her home (home-
sharing) on the Solution Life network. She is willing to pay a 20 SLC commission for each time the
apartment is rented out each evening. More home sharing applications will be encouraged to highlight
her apartment in order to compete for rental purposes and receive SLC commissions. When an app finds
a client, the creator of the app is rewarded with 20 SLCs she provided as a commission.
In the future, other commission earners like bloggers, social media ... will be able to earn SLC
commissions from sellers.
Solution Life Commissions is a new advertising and promotion model that outperforms traditional paid
marketing (CPC and CPM) models. Advertisers (sellers) only pay in SLC tokens when the item has been
P a g e | 21
successfully sold. Similarly, creators (app creators, bloggers, etc.) are only paid when the transaction
actually occurs. This creates a much more efficient attribution model than the traditional advertising
model. Solution Life Commissions associates the interests of sellers, app creators and others to promote
listing to buyers on the Solution Life network.
SLC as payment token
Currently, users of the platform are using ETH, BTC, BNB, USDT to trade. After platform 1.0 launches
in Q3 / 2020, SLC will be activated and become the preferred payment method between buyers and
sellers on the platform.
For example, users earning SLC through Solution Life Rewards will be able to immediately use their
tokens to purchase goods and services on our leading marketplace, a decentralized e-commerce platform
and applications. future. This creates an overlap that users may experience in case they have to buy ETH
or BTC .. outside of the platform before they can become official buyers in the system.
Additionally, we expect to provide the ability to purchase SLC instantly through one or more
decentralized smart contracts when the user doesn't have enough SLC in the wallet.
Stake Solution Life
Following the release of version 1.0, we plan to partner with our strong community in increasing the
applicability of the token. Solution Life is currently researching and developing a new staking model,
attracting more token holders to boost the potential and support part of the network.
For example, we plan to increase the scalability of the Solution Life while ensuring performance.
Thereby, we encourage developers and other members to run the Solution Life platform as the Solution
Life node.
Currently we are operating the Solution Life node for the purpose of storing, updating, moderating
accounts, listing, and reputation on the entire website. In the future, it is expected that there will be third
party node operators, who can stake SLC to have the right to participate in the audit, reproducing data
across the system. They will act as the operators and receive SLC tokens rewarded according to the
amount of work they do during each node's period of operation.
Additionally, we are also working on a number of user staking models that will allow end users to earn
SLC profits from holding and locking their tokens in Solution Life applications.
The Stake Solution Life model is currently being researched and developed.
SLC as management token
The Solution Life token is used for the purpose of administering the Solution Life Platform. In the
future, holders of Solution Life tokens will have an influence on the direction of software development
and business policy within the platform.
Token holders will have votes on important community governance issues, votes that are proportional to
their number of shares in the network.
As the regulatory network becomes important, the number of token holders increases, we will partner
with the community to implement the real-world application of SLC as the network continues to grow
and mature.
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Roadmap and milestones
1
May 2020
Starting the first step of development
2
August 2020
Release the first whitepaper
3
October 2020
Call for 2 million USD (Advisory round)
4
November 2020
Launch marketplace network
5
December 2020
Launch of Marketplace Creator 1.0 and first mobile app
Support for launching the first partner app
6
January 2021
Launch of Solution Life Reward
Activate stablecoin payment
7
February 2021
Call for capital 6.6 million USD (CoinList Round)
8
March 2021
Launch of Solution Life Commission Launch of a decentralized e-commerce store platform Enabling
off-chain payments
9
April 20121
Launch of Solution Life Reward
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Activate stablecoin payment
10
May 2021
Launch of shopSolution Life.com and new mobile appsActivate Meta Transaction
11
June/2021
Launch of upgraded meta-transation facility
Launch gift card and online video streaming app
12
Quarter 2/2021
Launched Mainnet 1.0
Launched SLC as payment tokenListed SLC on Binance
13
Quarter 3/2020
Launch additional marketplace and e-commerce apps
Supporting partners to launch the Over the Counter e-commerce stores
14
Quarter 4/2020
Launch new tools and app extensions for developers
Operation team
THE CO-FOUNDERS
Graham Hill Co-Founder
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Graham Hillis co-founder of Solution Life Protocol and is an experienced product and business
executive and full-stack software engineer. He became interested in cryptocurrency after investing in the
Ethereum crowdsale, and has been investing in blockchain and token projects ever since.
Jason Butterworth Co-Founder
Jason Butterworth is co-founder of Solution Life Protocol and is a serial entrepreneur and experienced
technical executive. He mined his first bitcoin in 2010 and is an active member of the cryptocurrency
community. He has contributed and led several open-source projects as well as innovative protocols like
PubSub.
Jason has founded several bootstrapped, profitable businesses with Graham,. As a former Airbnb host,
he has experienced first-hand the downsides of marketplace intermediaries (large fees, arbitrary rules,
and government regulation).
CORE TEAM
Solution Life’s headquarters are in Finsbury Circus House, 15 Finsbury Circus, London, London, EC2M
7EB. However, we have team members across the globe and run an efficient and open distributed
company. Our full-time staff of 16 is currently situated across 4 continents.
Simon Poulter Research and development engineer
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Simon was one of the founding team members of PayPal and was the 1st employee at YouTube. He
is a former Google employee and co-founder of Kiwi Crate.
Franck Chastagnol
Senior engineer
Franck has had a successful career as an early employee at numerous high-profile companies. He
previously led engineering teams at Inktomi, Paypal, YouTube, Google and Dropbox.
Leo Quinn
Business development
Leo is an active cryptocurrency investor and real estate entrepreneur, owning and managing multiple
Airbnb properties. He studied mathematics at Berkeley.
Richard Howson Director of Product Management / Engineer
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Richard was the technical co-founder of WellAttended, a bootstrapped box office management
platform. He worked as a commercial real estate broker while learning to code.
Gemma Low Finance & Operations
Gemma is a Chartered Professional Accountant (CPA). She previously worked as a Senior Accountant
and then as a Senior Consultant at KPMG Canada.
Michael Dyke Product Designer
Michael is a product designer with 10+ years of experience. Prior to joining Solution Life, Aure
worked at multiple startups and Fortune 500 companies. In a past life, he was also a software engineer.
Mila Choi
Director of Korean Division
Mila is leading our community efforts in South Korea. She previously organized blockhain hackathons
and has degrees from Penn State and Erasmus University Rotterdam.
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DEVELOPER COMMUNITY
In addition to our full-time staff, SLC has a very active open-source developer community. Since the
project’s inception, we’ve had over 170 contributors to our Github repository. We anticipate the number
of developers and supporters to increase dramatically after our 1.2 launch in Q4 of 2020.
Summary
For the past two decades, Internet marketplaces and e-commerce stores have changed the way that
buyers and sellers connect, creating new opportunities for the exchange of goods and services. However,
these marketplaces have always been governed by centralized companies that maintain their individual
monopolies on data, transaction and other service fees, and ultimately, user choice. With blockchain and
other distributed technologies beginning to hit the mainstream, the world is poised for a new wave of
decentralized commerce.
SLC is bringing change and innovation to the global peer-to-peer economy. We're excited by the
opportunity to lower fees, increase innovation, free customer and transaction data, and decrease
censorship and unnecessary regulation.
We are building a platform that invites other interested parties including developers and entrepreneurs to
build this technology and community with us, altogether working to create the peer-to-peer economy of
tomorrow. We hope you’ll join us on this exciting journey
END
This whitepaper was first published in September 2020, before the Origin Platform was built and
deployed on the Ethereum Mainnet in September of 2020. For the most up to date information on our
product development and business strategy, please refer to our website at slctoken.io. For the latest
technical information, please reference Origin's Github account. To use our flagship marketplace
application, please download our mobile apps or visit our DApp with a web3-enabled DApp browser.
To use our decentralized Shopify alternative, visit slctoken.io.
This whitepaper was last updated on September 2nd, 2020.