mCoin White Paper

Copyright ONEm Communications Ltd. All rights reserved.

The World’s First Cryptocurrency Accessible Even Without the Internet

coin

Version draft 0.119 January 2018

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mCoin White Paper v1.0 (19-01-2018)

This updated version of the mCoin White Paper represents a number of revisions based on community feedback, business strategy re�nement, and legal counsel. This current version should be considered the de�nitive version of the White Paper, superseding any previous versions.

The White Paper is currently in development and more functions will be added as the product and feedback evolves.

Table of Contents

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Introduction......................................................................................................................... > The Problem & The Solution................................................................................Company Profile & History............................................................................................... > Our Partnerships................................................................................................... > Testimonials.......................................................................................................... > Press & Media Coverage..................................................................................... > ONEm Activities....................................................................................................Introducing mCoin.............................................................................................................Business Model................................................................................................................. > Market.................................................................................................................... > Problem & Solution.............................................................................................. > Advantages & Benefits........................................................................................ > Economic Model...................................................................................................Technical Solution............................................................................................................ > mCoin Seed Node................................................................................................. > ONEm Platform..................................................................................................... > Wallet Support......................................................................................................Timeline & Roadmap........................................................................................................The Leadership Team.......................................................................................................The Risks............................................................................................................................

contact@mCoin.global | www.ONEm.com/mCoin

DisclaimerAbstract

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DISCLAIMERPlease read this disclaimer section carefully. You should consult your legal, �nancial, tax or other professional advisor(s) before taking part in the ONEm mCoin Pre-ICO sale and ICO.

The information in this White Paper may not be exhaustive and does not imply any elements of a contractual relationship. While we make every reasonable e�ort to ensure the accuracy of the materials in this White Paper, they must not be constituted as professional advice and must be used for reference only.

ONEm does not guarantee and accepts no legal liability whatsoever, in relation to the materials in this White Paper. Investors and potential mCoin purchasers should seek appropriate independent advice before taking any action.

ONEm undertakes no obligations to act on behalf and in the interests of purchasers in ONEm mCoin Pre-ICO sale and ICO. ONEm does not act as a tax agent for the purchasers and or any third parties in the ONEm mCoin Pre-ICO sale and ICO.

mCoin will not be intended to constitute securities in any jurisdiction. This White Paper does not constitute a prospectus or an o�er for security in any jurisdiction.

ONEm Communications speci�cally disclaims liability for incidental or consequential damages and assumes no responsibility or liability for any loss or damage su�ered by any person as a result of the use or misuse of any of the information and/or on the onem.com website.

In no event shall ONEm Communications be liable to purchasers of ONEm mCoin Pre-ICO sale and ICO for any special, indirect, incidental, consequential, exemplary or punitive damages (including lost of anticipated revenues or pro�ts and failure to realise expected savings arising from any claim relating to the Pre-ICO sale and/or services provided by ONEm Communications) whether such claim is based on warranty, contract, tort (including negligence or strict liability) or otherwise or likelihood of the same.

IMPORTANTPurchasers are not eligible to participate in ONEm Communications mCoin Pre-ICO sale and ICO if they are a Citizen of the United State of America or the People’s Republic of China.

If you are interested in participating in the ONEm mCoin Pre-ICO Sale or ICO, please visit our website at www.onem.com/mcoin.

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The internet has dramatically revolutionised many industries. It has become a global means to the way we communicate, learn and trade without borders. However, it is not yet ubiquitous with billions of people still left unconnected globally.

Cryptography and blockchain innovations are disrupting the status quo of centralised and trust-based transaction ecosystems, particularly in �nancial payment, contract management and asset management areas, just to name a few. Unfortunately, these innovations are only available on the internet.

mCoin is a uniquely inclusive cryptocurrency, which

aims to provide the 3 billion people who are

ABSTRACT

unconnected, a way to participate in

the digital cryptocurrency

revolution for social and economic

growth.

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mCoin is a new digital cryptocurrency based on the original Bitcoin Blockchain enabling technology.

What sets mCoin apart from other cryptocurrencies is that it is a universal and inclusive cryptocurrency accessible even without the internet.

As a cryptocurrency, mCoin is not controlled by a central entity. It is created by people and businesses using computer software to solve mathematical puzzles.

mCoin is a unique cryptocurrency because it is accessible even without the internet, via a o�ine virtual wallet.

Unlike other other digital cryptocurrencies there are two ways to acquire mCoin.

The �rst is through traditional mining, you are a “miner” and receive mCoins after veri�ed transactions have been added to the public ledger / blockchain.

The second is “ Pseudo Mining” - Pseudo Mining is a term created by the ONEm team. It enables people without the internet to acquire mCoins through a type of proof of work from activities in the ONEm ecosystem that generates points for mCoins.

INTRODUCTION

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Digital cryptocurrency, by nature, is limited to people who have access to the internet, thus

excluding the 3 billion people who do not have access to the

internet or a smartphone. Internet roll out is still

happening at a slower pace than needed. The rapid adoption of

blockchain technology for distributed network

based transactions and cryptocurrency

on the internet is widening the digital

gap further for nearly half of

the world’s population.

Collaboration and open standards allow platforms and services to scale rapidly – by forging strong relationships with mobile operators, regulators and other key stakeholders, ONEm can narrow the digital gap by linking the internet with the ONEm ecosystem of mobile networks. Starting with enabling the 3 billion people with access to useful internet based content, ONEm is bringing cryptocurrency and blockchain innovations into the ONEm ecosystem with mCoin. mCoin aims to be widely adopted by mobile operators and small businesses who have a way to incentivise individuals to contribute.

THE SOLUTION

THE PROBLEM

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Key Achievements (to date)• Built a scalable platform that can currently handle 1.4 billion calls simultaneously

• Developed a way to create SMS sessions to allow true interactivity between our service and any user in an Operator Network

• Proven there is demand for our service from mobile operators

• Created the �rst social media experience using SMS, where users can post comments on SMS and it can be viewed by another ONEm member, globally.

COMPANY PROFILE

IdeaThe founders saw an opportunity to emulate Over The Top (OTT) services such as Skype and WhatsApp, using core assets of the mobile operator (Voice and SMS) to solve their problems of declining revenues.

They conducted extensive technical and market research to determine feasibility.

Team & TechFinding and hiring technical sta� who had experience in developing SIP and SMPP technologies.

Locating and negotiating equipment suppliers and data centers to build and locate the physical hardware for the platform.

Start development of the platform software.

Platform DevelopmentContinuous team building in search for telco marketing, technical sta� and network engineers.

Opened Bucharest o�ce for software development.

Development and testing of the voice and SMS platform software.

Integration of big data and software for distributed databases across geographical locations

MarketingActive participation in Mobile World Congress and global events to approach and sign up mobile operators.

We developed state of the art marketing materials with videos and novel presentation to approach mobile operators.

We created various ways to demo the service through an App and created our own MVNO.

OperationsConnected Operators going live for commercial deployment of ONEm. The beginning of the potential to grow.

Established a Mentorship Programme to grow the user base and work closely with the mobile operator to create awareness of the ONEm services.

ConnectingUpon signing agreements with mobile operators, we connected their network to our private platform in London.

Our Account Managers, in collaboration with the operators, developed a go to market strategy.

We connected to 10 mobile operators with 3 live in the market and more deploys in the pipeline.

• Developed the �rst Hybrid App, which utilises both SMS and internet and can reach a new market of 3 billion people who do not have access to the internet but own a smartphone.

• Recognised for advancement in technology, awarded The Technology Innovation Award from Entrepreneur Magazine.

• Created a unique way to trigger voice calls through SMS

• Created our own framework, where we can take any third party content and display the content interactively via SMS

ONEm was established in 2012 in the United Kingdom. It is headquartered in the City of London's �nancial district and neighbouring Tech City.

VisionWe have set out to make it possible for the billions of people without access to the internet to participate in the wonders of digital currency.

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OUR PARTNERSHIPSONEm has identi�ed and recruited a number of strategic partners. The partnerships range from global news and content providers, like Reuters, Bloomberg, France24 through to localised strategic partnerships, who are able to provide localised information. First and foremost, the content needs to provide the local regions with valuable and up to date information, which ONEm users are able to access when they want it.

Being able to access information and services in this way has had a huge bene�t for the local and national population. The partners have also gained from this increased accessibility, enabling them to extend their reach to millions of new customers who would not have been able to access this information previously. This has been the source of the success so far. The best partnerships are where all of the stakeholders involved bene�t.

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Abdellatif Bouziani, CEO of Smart Group“I fully believe in what ONEm is doing and I tell all operators to join and the faster we create this ecosystem, the better it will be for us as operators and for the users. This ecosystem will bring a new revenue stream and other ideas.”

Jay Samit, Serial Disruptor“ONEm is disrupting the whole feature phone market. We have 3 billion people who are on mobile today but they never experience the wonders of the Internet.”

Harris Thajeb, CEO of Dentsu Indonesia“It’s something this country needs, that’s how I feel. It’s something I can give back. I think it’s going to help this country leap forward and I believe helping out SME’s is one way.”

Jacques Temgo, CEO of Afribaba“The partnership with ONEm is a big step towards my dream because millions of more people all across Africa will access the afribaba.com website in their country simply using SMS and without an internet connection. And I think ONEm is perfect for the problematic internet connection in most African countries.”

Marco Maass, Head of Global Partnerships from DW“The partnership with ONEm is a great opportunity for DW to increase our reach in key markets like Africa, where the Internet coverage is not as high as in other parts of the world. Working with ONEm and their technology will enable us to bring unbiased news and information to people without access to the Internet.”

Mohamadou Arabani Saibou, CEO of ESMT “ONEm solutions �t with African needs. They help the African governments to create employment for young people and business for small enterprises. With this ecosystem, the money made will stay in Africa.”

Adnan Iskandar, Secretary General of Indonesian Advertising Agency Association“I’m sure that this is the new platform that Indonesian business owners need to have, the potential is really huge.”

TESTIMONIALS

ONEm COMMUNICATIONS

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"The mCoin project sounds positively

interesting, especially with its access without

internet."

— Gilbert, Nigeria

"I love the idea behind this and also being the �rst of its kind, I strongly

believe mCoin would have a large edge over all existing digital currencies. I can’t wait for it's launch and I would

love to be an early buyer."

— Jerry, Estonia

"Congratulations on this milestone in the emerging world of digital currency.

Your pioneering role is historic and I would like to a part of it by being an

early subscriber."

— Victor, UK

"It will be my delight to be a part of such innovation. I am waiting and hoping it

makes dreams come true."

— Murphy, Ghana

mCoin COMMUNITY

TESTIMONIALS

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PRESS & MEDIA COVERAGE

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ONEm Activities

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ONEm Activities

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INTRODUCING mCoin

mCoin will be widely adopted as it is based on a scalable platform, which can be acquired by traditional mining as well as rewarded through membership to partner mobile network operators.

In addition to traditional mining, members of the ONEm ecosystem who do not have access to the internet will have the opportunity to earn mCoins. “Pseudo mining” is our way for people to earn coins through participating in the ONEm ecosystem with activities which create social and economical impact. For example, initiatives will include harvesting languages through the use of crowdsourcing information.

Di�ering from all other cryptocurrencies, mCoin can reach billions of people with any ordinary mobile, to participate in the ecosystem for social and economic bene�ts.

Digital cryptocurrency is accessible without the internet, made possible by the ONEm platform, which utilises traditional mobile infrastructure and the latest technology to provide a scalable solution.

mCoin aims to make it possible for people to receive and be rewarded with points which they can exchange for mCoins to trade, along with providing a way for the 3 billion individuals worldwide, without access to the internet, a way to participate in the digital revolution.

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BUSINESS MODELONEm has developed a global platform with capabilities to deliver communications and internet-like services to any mobile phone without the internet. Its technology employs the latest internet and communication innovations to create services that can be deployed through any mobile network’s SMS, voice and data channels.

The rise of blockchain applications, particularly cryptocurrencies based on distributed ledger design, are disrupting the current standard approach of centralised transaction management. These new services are empowering transacting individuals, while lowering cost at the same time. However, the bene�ts from such a distributed peer-to-peer approach using blockchain innovations are still out of reach to the 3 billion people without internet access.

MarketONEm’s global platform is already connected to mobile networks in 13 countries, reaching over 283 million users. Although internet availability is improving in many of these countries, globally it stands at just over 50% of world population penetration in 2017. The majority of users in Africa, Asia and 40% in the Middle East, will still be using basic mobile devices and will be without access to the internet in the years to come.

ONEm is empowering businesses and users globally with services that deliver marketing tools for small businesses, news, information, education and entertainment content for any users in “connected” and “unconnected” markets. ONEm services include:

ACS - Advanced Communication Services • Group call and messaging (with in-line translation), radio & audio podcast, video call

ILS - Internet Like Services • News, information, educational, agricultural and leisure content from the internet

Sweb - Marketing & CRM services for SMEs • Management & information system for SMEs with built-in customer management tool

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BUSINESS MODELProblem to SolveInternet roll out in developing economies is slower than expected and mass adoption of the ONEm services takes time and signi�cant marketing resources.

SolutionThere is high awareness of cryptocurrency in unconnected markets1 but only few with internet access in those markets bene�ted from trading the coins and tokens.

One of the challenges for new cryptocurrencies is to ensure there are enough users adopting the new coin and using it to create demand.

The ONEm solution is to adopt mCoin into the ONEm services and ecosystem for the 3 billion people who are unconnected to the internet. The high “crypto” awareness creates the marketing pull from mobile operators towards ONEm services. The incentive of acquiring mCoins will accelerate the adoption of ONEm services by small businesses and consumers, which in turn creates impetus and use of mCoins. The higher the mCoin usage within the ONEm ecosystem, the higher the value it will become in the open market.

When businesses and users use ONEm services to promote their businesses or manage their daily lives, both the users and local economies �ourish from access to these advanced communications, content and marketing services. They are rewarded with ONEm points for their contributions to local economic development. ONEm points can be exchanged for mCoins and this association e�ectively makes businesses and users of ONEm services, mCoin miners. In ONEm, this is called pseudo mining.

Where local market regulation allows, mCoin can be used as currency in the ONEm marketplace for buying and selling commerce transactions as well as peer to peer payment between ONEm users.

1 BBC News, "Why African millennials can't get enough of Bitcoin" (09.01.18) http://www.bbc.co.uk/news/world-africa-42582343

Pre-ICO & ICO150 million mCoins

Pre-ICO & ICO150 million mCoins

Escrow

ONEm Exchange

Crypto Exchange

mCoin & FiatTrading

ONEm ACS, ILS &

Sweb ServicesONEm

Marketplace

Businesses

Consumers

Buy/Sell with

mCoins

Redeem ONEm Points for mCoins

Earn ONEm Points

Buy/Sell with

mCoins

Redeem ONEm Points for mCoins

Earn ONEm Points

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BUSINESS MODELAdvantage & BenefitsIt is easy to appreciate the utility value of mCoin as it is introduced as a currency for buy and sell commerce transactions that everyone can relate to - just like the original Bitcoin.

Economic Model

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TECHNICAL SOLUTIONThe technical solution comprises two core elements

1) mCoin seed nodes 2) The ONEm platform

mCoin Seed NodesThe seed nodes run the Bitcoin protocol and hold all blocks and transactions in the network. The seed node exposes all of the core bitcoin protocol features (core node, wallet, mining and network routing).

As the network grows over time, more nodes are expected to be added by the community.mCoin is a fork of the Litecoin project using the Scrypt hashing algorithm. Scrypt was chosen as it is more pro�table to mine than SHA-256-based currencies (like Bitcoin) without compromising on security.

The table below gives a summary of the main characteristics of mCoin, Litecoin and Bitcoin.

mCoinBlockchain

Node

ONEm Platform

Voice

SMS Web

Hybrid App

HTTPSIP

SMPPSMS & HTTP

Bitcoin Protocol

Node

Node

Standard Wallets(iOS/Android) Miners

Approx. Coin Total

Halving Rate

Initial Mining Reward

Block Target Time

Hashing Algorithm

mCoin BitcoinLitecoin

31.5 bn

4 years

15,000 MCN

2 mins

Scrypt

80 m

4 years

50 LTC

2.5 mins

Scrypt

21 m

4 years

50 BTC

10 mins

SHA-256

The seed nodes run on hosted highly secure cloud infrastructure.

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TECHNICAL SOLUTIONONEm PlatformThe ONEm platform connects to mobile operator networks at their network boundary. It runs in a private-cloud and communicates with the operator networks using standard protocols HTTP for Web, SIP (Session Initiation Protocol) for voice and SMPP (Short Message Peer-to-Peer Protocol) for SMS.The platform is highly secure and scalable, ready support many millions of daily active users. The platform already provides highly interactive services using an innovative system of SMS-based menus and “multi-modal” interfaces using Web, Voice and SMS.

The platform has been designed to support the needs of both “connected” and “unconnected” users. Users have a variety of options to interact with the platform depending on the type of device they wish to use and whether they are “online” or “o�ine”:

• Intelligent “hybrid” Smartphone app using a “fallback mechanism” to use SMS as a background communication channel to connect with the ONEm platform when mobile data is not available

• Desktop/Mobile web interface

• Regular “GSM” Voice (circuit switched)

• SIP-based Voice (packet voice)

• SMS native messaging

Wallet SupportThe ONEm solution provides a number of options for users to access their mCoins and send/receive payments. Other methods are expected to be added in the near future

• Hybrid smartphone wallet support

• Web-based wallet

• Voice-based wallet using biometric authentication

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TIMELINE & ROADMAP

2012

2013 - 2015- Research & Platform Development

- Active Associate Member of The GSMA.

2015 - 2016- Built a scalable Platform

- Technology Innovation award from Entrepreneur Magazine

- Participation in Global Telecom Event to in�uence Industry Standards

- Signed with Thomson Reuters the world’s largest international multimedia news agency

2015 - 2016- Launched our ILS (Internet Like Services) with Mobile Operators with a combined based of over 238 million users

- ONEm was mentioned in Special Edition of “Disrupt You” book by American Author, Jay Samit

- Worldwide media coverage in The Telecom Industry

2018Launching mCoin as part of ONEm Ecosystem reward - Jan 2018: Pre ICO Launch

- Feb 2018: Launch Pilot Programme with London Universities & Small Businesses

- Mar-April 2018: Launch ICO

- May 2018: Listing in Exchanges

- Rollout of applications and services

Established ONEm Communications Ltd.

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THE LEADERSHIP TEAMChristopher Richardson, CO-FOUNDER & CEOSerial entrepreneur, with over 20 years experience in various �rst of a kind start-up projects challenging the status quo. His latest venture, ONEm has been coined a “disruptor” by Jay Samit, publisher of the book, “Disrupt Yourself”. He has worked with satellite communications technologies for VIP clients in the Middle East and introduced CNN to television stations in Africa and the Middle East with Ted Turner's right hand man Sidney Pike, helping forge the way for the “World News Reports”, as mentioned in the book “We Changed The World” by Sidney Pike.

Hatim Ibrahim, CO-FOUNDER & COOOver two decades experience in telecommunications. Hatim has extensive experience in wholesale telecommunications and was Founder and Managing Partner of two successful companies that specialised in providing low cost communications in the MENA region.

My Hoa Tien, CO-FOUNDER & CCOEntrepreneur with MBA in International Business Management from Top London University. My Hoa has supported the expansion of the company activities in international markets including Africa and Asia, developing strong relationships with strategic stakeholders. Have successfully lead the company’s participation in over 20 major telecom events globally. My Hoa is passionate about projects which create global impact.

Chris Horn, CTOPart of the original small team responsible for delivering the world’s �rst SMS message. 25 years in Telecommunications and Value Added Services and with extensive international experience dealing at all levels, including Board/Investor level. Chris has also initiated and managed several successful product launches in a B2B2C business model, from initial concept and business case through to successful launch.

Kelly Hui, CMOOver 20 years experience across blue chip and start up organisations in Telecoms. Kelly specialises in product strategy, product management, digital innovation and business development. Over the years, Kelly has launched many industry �rst mobile products and delivered 100€s million of mobile e-commerce and search revenue through millions of users and billions of visits.

Philip Thompson, STRATEGIC PARTNERSHIPS Philip is responsible for identifying the partners who will provide the greatest value to the end users and those that will bene�t most from the increased reach that the platform will provide. Additionally, he has been responsible for creating the business case and negotiating contracts to ensure that the services are commercially bene�cial for all concerned. Philip has an Executive MBA and comes from a �nancial and consultancy background.

The mCoin leadership team brings together decades of experience in technology, telecoms and start up projects. The team are enthusiastic, passionate and driven to drive change.

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The purchase of mCoins in pre-ICO sale and ICO presents a high degree of risk. It is recommended that the purchaser conduct his/her due diligence with all information relating to ONEm, ONEm services and ecosystem, the business model and mCoin technology for the unconnected markets. Purchasers also need to examine carefully the risks listed below. If any of the following risks materialised without resolution, then the Purchaser’s mCoin may be materially and adversely a�ected, including the possibility of the Purchaser’s mCoins being rendered worthless or unuseable.

Risk relating to Local regulatoryThere is a risk that mCoin might be considered a security now or in the future in some countries. ONEm do not provide any warranty or guarantee on the legality of mCoins purchased by the Purchaser in his/her country. Purchasers are responsible for establishing if their mCoin purchase is compliant with applicable law in their country and to stop using or possessing mCoins if it is not the case.

There is also no stable regulatory framework for cryptocurrency, digital assets and blockchain technology, creating uncertainty in most countries. It is plausible that some jurisdictions may introduce laws and regulations which may adversely a�ect the right to acquire, own, trade, exchange or use mCoins.

This is a risk for the whole cryptocurrency projects, not just for ONEm. ONEm will actively participate and contribute to lobbying cryptocurrency communities to in�uence the establishment of a �exible regulatory framework that bene�ts all cryptocurrency stakeholders.

Risk relating to the ONEm platformONEm platform development and associated ACS, ILS, Sweb and Hybrid app development may be stopped for reasons of lack of interest from the markets, particularly the local mobile operators, or lack of funding, or lack of commercial success and last but not least, departure of key personnel.

ONEm has developed collaborative relationships with mobile operators and regulators in targeted markets in the last 2 years. Our experience will help us enter new markets. Given the right mix of marketing support from the operators and resources from ONEm, it has been proven that market demand for ONEm services is strong and sustainable. ONEm practices an active successor programme covering all key personnel to eliminate any business continuity risk resulting from departure of key personnel.

Risk relating to the reliance of third partiesThe ONEm platform relies on third parties for hosting and support, there is no full guarantee that the third parties will carry out their obligations without failure and without adversely a�ecting the ONEm platform and services.

THE RISKSIn addition to establishing stringent Service Level agreement with third parties, there is also built-in redundancy in the architecture design to avoid a single point of failure.

Risk relating to mCoin blockchainThere is a risk that the ONEm platform failed to adopt changes necessary for the introduction of mCoin and its use cases utilising a blockchain based on a fork of the Litecoin project.

Feasibility assessment is very positive with no obvious show-stopping technical issues identi�ed for the creation of the genesis block and design of the mCoin wallet.

Risk relating to theft and hackingHackers may be tempted to compromise the Purchaser’s mCoin wallet whether it is on the ONEm platform or on the internet. The attack may include but is not limited to denial of service attacks, sybil attacks, spoo�ng, smur�ng, malware attacks or consensus based attacks. Any such attacks may result in the theft of the Purchaser’s mCoins.

ONEm will make every e�ort to ensure that the mCoins held in an escrow wallet are secure, with multiple private keys held by reputable and trusted parties.

The purchase of mCoins in pre-ICO sale and ICO presents a high degree of risk. It is recommended that the purchaser conduct his/her due diligence with all information relating to ONEm, ONEm services and ecosystem, the business model and mCoin technology for the unconnected markets. Purchasers also need to examine carefully the risks listed below. If any of the following risks materialised without resolution, then the Purchaser’s mCoin may be materially and adversely a�ected, including the possibility of the Purchaser’s mCoins being rendered worthless or unuseable.

Risk relating to Local regulatoryThere is a risk that mCoin might be considered a security now or in the future in some countries. ONEm do not provide any warranty or guarantee on the legality of mCoins purchased by the Purchaser in his/her country. Purchasers are responsible for establishing if their mCoin purchase is compliant with applicable law in their country and to stop using or possessing mCoins if it is not the case.

There is also no stable regulatory framework for cryptocurrency, digital assets and blockchain technology, creating uncertainty in most countries. It is plausible that some jurisdictions may introduce laws and regulations which may adversely a�ect the right to acquire, own, trade, exchange or use mCoins.

This is a risk for the whole cryptocurrency projects, not just for ONEm. ONEm will actively participate and contribute to lobbying cryptocurrency communities to in�uence the establishment of a �exible regulatory framework that bene�ts all cryptocurrency stakeholders.

Risk relating to the ONEm platformONEm platform development and associated ACS, ILS, Sweb and Hybrid app development may be stopped for reasons of lack of interest from the markets, particularly the local mobile operators, or lack of funding, or lack of commercial success and last but not least, departure of key personnel.

ONEm has developed collaborative relationships with mobile operators and regulators in targeted markets in the last 2 years. Our experience will help us enter new markets. Given the right mix of marketing support from the operators and resources from ONEm, it has been proven that market demand for ONEm services is strong and sustainable. ONEm practices an active successor programme covering all key personnel to eliminate any business continuity risk resulting from departure of key personnel.

Risk relating to the reliance of third partiesThe ONEm platform relies on third parties for hosting and support, there is no full guarantee that the third parties will carry out their obligations without failure and without adversely a�ecting the ONEm platform and services.

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THE RISKSIn addition to establishing stringent Service Level agreement with third parties, there is also built-in redundancy in the architecture design to avoid a single point of failure.

Risk relating to mCoin blockchainThere is a risk that the ONEm platform failed to adopt changes necessary for the introduction of mCoin and its use cases utilising a blockchain based on a fork of the Litecoin project.

Feasibility assessment is very positive with no obvious show-stopping technical issues identi�ed for the creation of the genesis block and design of the mCoin wallet.

Risk relating to theft and hackingHackers may be tempted to compromise the Purchaser’s mCoin wallet whether it is on the ONEm platform or on the internet. The attack may include but is not limited to denial of service attacks, sybil attacks, spoo�ng, smur�ng, malware attacks or consensus based attacks. Any such attacks may result in the theft of the Purchaser’s mCoins.

ONEm will make every e�ort to ensure that the mCoins held in an escrow wallet are secure, with multiple private keys held by reputable and trusted parties.