white paper ver.1 WPLUS Tokens Platform · 2019-04-03 · However, there were 6.3 million bitcoins not moving for a year and even for bitcoins in active wallets over 40% of them were

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white paper ver.1

WPLUS Tokens Platform

COPYRIGHT © 2018 WTECH CO., LTD 1

LEGAL NOTICE

Please read this legal notice carefully. If you are unsure about your future actions, we encourage you to seek

professional advice from law and finance experts.

This white paper is for the purpose of providing information related to the project at the time of its creation and

does not constitute a contractual obligation. The disclosed information may be amended freely to comply with

regulatory obligations of the authority or due to inevitable reasons during operation of the project. However, if

WPLUS changes the token’s function, this white paper will be adjusted accordingly and will be posted on WPLUS

website.

The information and data contained in this white paper are acquired from reliable sources, but we have not verified

information or data from third-party sources, nor did we confirm the underlying assumptions. The information

contained in this White paper is accurate, and the assumptions are reasonable. However, this does not imply a

complete guarantee of this information’s accuracy.

The purchase of WPLUS token occurs based on participants’ voluntary action. Therefore, you should review the

information contained in this white paper as well as other information provided by WPLUS. You must be prepared

for unforeseen hazards or uncertainties that may cause you unpredictable harm. The duration of the financial risk

can be applied without limit.

Although this white paper is not designed to protect any administrative contracts or customer overinvestments, we

will make every effort to comply with regulations. In the case of decisions that are currently unregulated or

controversial, we will prioritize the benefits of participants.

Some of the expressions in this white paper contain forward-looking statements about the future of the project. It

may be different from predetermined result and should not be promised or claimed. All the contents are explained

under the condition that WPLUS platform is fully operational but it should not be interpreted as a guarantee or

commitment to the completeness of WPLUS, and we are not legally responsible for actions taken on this basis.

WPLUS tokens do not grant the authority to participate in the operation of WPLUS; therefore, it does not mean

WPLUS tokens grant an authority or any representation of it even when information or explanation of WPLUS is

provided. This means that they do not include any elements of contractual relationship. We will provide intended

functions of WPLUS tokens for WPLUS, and all proceeds from WPLUS will be freely available for service development

and business acquisition.

You must understand and agree to the Terms of Use for proper participation. Agreement to the Terms of Use and

provision of personal information are essential to the participation, and we are not responsible for any damage that

occurs without your agreement to the Terms.

This document may not be reproduced or distributed in whole or in part in any jurisdiction that restricts or prohibits

the way WPLUS tokens described in this white paper are issued.


SUMMARY

Cryptos based on blockchain technology have been proved to be impossible to counterfeit or tamper with through

decentralization and distributed ledger, and they provided a new financial environment for numerous people.

However, WPLUS recognizes “Blockchain-based service market” is not being developed with the same pace of

blockchain technology and needs to be improved. We have found the solution to be a model that establishes

identity and meets the following elements standards:

As every blockchain-related person knows, a myriad of ICOs appeared with the ambition to be the one that offers

the service above but came to a silent end. We believe that ICOs were heavily focused on speed of blockchain

decentralization and profit from fast increase in value.

Is it that they didn’t contemplate enough the meaning of

“store of value” or “consumption”?

WPLUS has developed a platform that includes efficient and approachable way of trading, payment, financial and

investment services, and collaborative partnerships by cryptos ranging from local merchants to global corporations.

All of these build a circulating ecosystem based on WPX Token. WPLUS is ready to produce a blockchain-based

service platform fit for life style use.

Service that applies the benefits of proven blockchain

technology that help with daily life 1

Blockchain-based service that provides convenience and

confidence in people’s lives 2


Table of Contents

01 INTRODUCTION

� VISION

� W TOKEN PROJECT

05

08

02 BUSINESS STRUCTURE

� WPLUS WALLET

� WPLUS TOKEN (WPX)

10

20

03 TECHNICAL STRUCTURE

� APPLICATION LAYER

� API LAYER

� SERVICE LAYER

� BLOCKCHAIN LAYER

�

22

23

23

23

04 WPX TOKEN ISSUANCE 24

05 PARTNERS & CO-DEVELOPING

� PROMOTION OF HOTEL SHILLA DUTY FREE SHOP - W PAY

� CONTINUOUS BUSINESS EXPANSION

27

28

06 ROAD MAP 30

07 TEAM 31


1. INTRODUCTION

1.1 VISION

Various projects were trying to make practical use of blockchain technology that could aid daily lives after the content

and meaning of it was spread to public through bitcoin. Corporations, governments, and local governments have

and still are making such attempts in order to build infrastructure for finance, welfare, and society.

Cryptos were not made for exchange or investment in a centralized cryptocurrency exchange. However, it is a pity

that trading cryptos for investment or speculative purposes in exchanges is the only way for general users to

experience blockchain technology.

As Figure 1 of Coinmarketcap shows, bitcoin price has hit the peak on December 2017 and Bitcoin’s trading volume

reached 50% of bitcoin’s market cap just within a week. This shows there was a worldwide cryptocurrency investment

boom.

However, there were 6.3 million bitcoins not moving for a year and even for bitcoins in active wallets over 40% of

them were investment coins owned by corporations like institutional investors as of August 2018 according to Figure

2 of Chainalysis. Although there was only an increase of 90,000 service transactional coins from December 2017 to

August 2018 that were stored in trading service platform such as a crypto exchange, there was an increase of 1

million personal transactional coins stored in personal wallets during the same period, an amount that equals 32%

of bitcoin’s trading volume. As such, more individuals store and use bitcoin rather than invest, indicating the

use of cryptos has been advanced one further step.


FIGURE 1. Trading Volume, Market Cap, and Price of Bitcoin Traded in Exchanges

(Coinmarketcap, Unit: USD, Million USD)

FIGURE 2. Distribution of Bitcoin in a Wallet with Liquidity (Chainalysis)

However, P2P bitcoin transaction volume is still infinitesimal compared to the total bitcoin and crypto market trading

volume. Therefore, if cryptos truly cannot function as everyday life platform, it also cannot survive as a business.

In order to get closer to the users with cryptocurrency service, it is necessary to know their interests. It would be

most efficient to provide popular financial functions of cryptocurrency such as asset management and means of

purchase and gradually expand into other fields.


FIGURE 3. BITCOIN P2P Trading Volume (Google Analyitics, Coin.dance, Unit: Million USD)

WPLUS wants to address cryptocurrency’s problem of not being used in daily life through WPLUS Token (WPX), which

is based on the Ethereum Platform, and other solutions of WPLUS that are geared toward life-style changing

blockchain service platform.

WPLUS Wallet will provide an environment where anyone could exchange, consume and pay cryptos. To make this

happen, WPLUS Platform has partnered with crypto exchange, large distributors, and companies related to

biotechnology and other industries that could take part in forming the whole ecosystem and successful drive.

Furthermore, we can find and support promising project teams and companies using cryptos and blockchain by

exploiting the extensibility of WPLUS Platform. WPLUS Platform will be provided to support the relevant service,

technology, and commercialization. Accelerated investment project that grew together with WPLUS Platform will be

activated through the first-class exchange and supporting listing partnered with WPLUS.

WPLUS team will help general users to pay more attention to businesses and services that use cryptos through

WPLUS Platform. Thus, our team has the vision of creating a blockchain ecosystem on WPLUS Platform based on

WPX that will provide societal and economic use in everyday life.


1.2 W TOKEN PROJECT

Compositions of WPLUS Project

Thousands of coins and tokens have been developed worldwide to date, but only an extremely small number of

them are being actively used for their original purposes. WPLUS team envisioned several ways to make a practical

use of blockchain and cryptos in everyday life and society. We included the plan that could provide the service that

limited financial system and overcome the limitation and incomplete part of blockchain and cryptos use in WPLUS

Platform roadmap.

Contents prepared by WPLUS team is qualitatively different from normal ICO and it has reached almost the end of

development stage for platform and technology that is on a similar level with reverse ICO. WPLUS team went through

‘Ecosystem verification and design - Connected businesses development - System design and development – Token

development, - Legal advice’ step-by-step and we are entering the final stage of verification.

WPLUS project consists of the following two elements

A. WPLUS Wallet

· WPLUS Wallet :

It is a wallet that stores and uses crypto which becomes the foundation of WPLUS ecosystem. It provides not

only safe storage of cryptos but also synchronization of users’ contact in mobile device, secured chatting and

remittance, P2P trading, and differentiated payment service that minimizes the risk of cryptos’ fluctuations

· Types of Manageable Cryptos :

WPLUS will support the most widely used cryptos in the beginning and will expand support for other cryptos

that pass WPLUS’s rigorous evaluation system and other quality coins and tokens owned by WPLUS partners.

WPLUS Wallet will safeguard your assets better than any other crypto exchange and wallet and will make sure

users with WPLUS Wallet will feel no inconvenience in the blockchain ecosystem.

B. WPLUS Token (WPX)

· WPLUS token is the key that maintains the ecosystem consisting of cryptos and fiats circulation. It provides

liquidity and serves as a bridge between the existing consumption, financial system and ecosystem built by

WPLUS.

· WPLUS Token is not related to any asset price and is more than a mediator between cryptos and fiats. It gives

the right and means to enjoy the benefits of WPLUS Platform.


Core Value

Safety & Security Easy to Use & Convenient Wallet All the transactions consist of WPLUS Wallet service are

configured and composed to have the same level of

crypto exchange security. We are developing and

operating IT technology in accordance with the security

standards at the level of first-class financial sector in

Korea.

Anywhere internet is available could use WPLUS Wallet

service. The best mobile UI & UX developers made a

convenient and intuitive interface that doesn’t require

a separate skill set or adjustment time in order to use

various functions.

Overcome Volatility of Cryptos & Realize

Currency’s Original Function

W OTC Function will Satisfy the Demand

for Large Volume Trading Buyers and merchants are free from the volatility of

crypto price and they could use it at various payment

counters with WPX. We will make sure cryptos become

a secure and convenient means of exchange and

investment in everyday life by linking the real economy

with cryptocurrency world through WPX.

Regarding OTC transactions, precisely designed OTC

transaction filter UI will provide the following services:

1. Users can find the transaction they want

2. Buyers and sellers can use the messenger function

to negotiate trading price

3. WPLUS traders’ transaction history is stored for a

certain period to check.

WPX Token Compensation System by

Contribution to the Platform’s Growth

Support of Blockchain Ecosystem and

Expansion of WPLUS Platform WPLUS Platform will grow through WPLUS members’

activities and the WPX Token will be given to WPLUS

members who are using W Trading service according

to the amount of transaction.

The transaction fee for the account of WPLUS Platform

will be lowered when the number of W Trading

exchange raises. A huge amount of this fee will be

rewarded to WPLUS members participated in W

Trading exchange.

As a global crypto service portal, WPLUS with key

investors and major cryptocurrency exchanges will find

and partner with/acquire projects and companies with

promising business models in order to provide support.

Through this project support, the business will

strengthen and introduce its competitiveness to the

world by being integrated into WPLUS Crypto

Ecosystem.

This will allow WPLUS Platform and WPX to grow, and

even more benefits will be returned to WPLUS

members and WPX token holders. Therefore,

supported businesses, WPLUS, and WPLUS members

will earn benefit more than expected.


2. BUSINESS STRUCTURE

2.1 WPLUS WALLET

WPLUS team has a vision to create a true Crypto Currency that gives the public the benefit of real life, not the

purpose of speculation, through the services provided by the WPLUS Platform.

FIGURE 4. WPLUS Platform Service Structure

WPLUS Platform composed a blockchain and crypto service portal called WPLUS Wallet based on WPLUS token and

a Messenger applied with strong end-to-end encryption technology to build variety of function. In addition to the

basic functions of general crypto wallets that enable safe and convenient storage, remittance, and payment of cryptos,

P2P transactions, we will also expand services that advise and support the public offering of coins & tokens through

WPLUS Wallet by applying blockchain and crypto currency technologies for promising business models.


FIGURE 5. WPLUS Platform Development Plan

Operation Policy

Membership Grade System

(Service Fee discounts and compensation system based on WPLUS contribution)

The value of WPLUS's platform is created by members of WPLUS. WPLUS operates the WPLUS membership grading

system to give members the benefits and rewards they have contributed to the WPLUS Platform.

WPLUS sets the WPLUS membership grade according to the WPLUS membership period, WPX, and the total asset

retention (weighted average over unit period, WPX & Asset Holding Score). Services will accordingly offer a defined

reward (reward points) along with various benefits, such as differentiating fees, interest rates, etc. from each service

or providing the service free of charge.

The contribution measurement system will continue to be improved annually after analyzing and learning the

relationship between WPLUS members' contribution and WPLUS performance.


Point Reward System

Using all the W Pay and WPLUS function convinces the success of WPLUS Platform and helps the WPX ecosystem.

WPLUS team envisions a system and applies to the development results according to this. The Reward Point

Compensation Scheme is based on awarding WPX for a portion of the amount when using the W Pay.

The policy provides additional compensation WPXs for a longer period of time if the users apply a lock-up period

to use WPX after a certain period of time. This will lead users to have WPX for a longer period of time, which will

help increase WPX's ecosystem and WPX's value.

FIGURE 6. Differentiating Benefits of platform by improving Membership Grade

Basic Functions of WPLUS Wallet

Crypto Storage & Remittance

A. WPLUS Secured Custody Wallet Service

WPLUS encrypts and uses distributed storage to safely keep user information. The parser

responsible for key distribution receives a randomly generated 256bit key from the Dynamic Key

Management System (DKMS) and encrypts it with the seed encryption algorithm. Afterwards, the

key is divided according to the number of storage nodes and the linked list is implemented and

stored in each storage node. If stored, distribute keys are to be stored jointly with their

distributed keys on the left and right brother storage nodes to form a recoverable environment

by bypassing the storage node even if the storage node is not connected due to an accident. In

addition, it plans to store various areas to prepare for non-permanent situations such as natural

disasters.

BASIC


Attacking with a purpose of exploiting WPLUS’s property could be protected by incapacitating

the number of N-1 storage node when the total number of storage nodes refers to N. WPLUS

will increase complexity by enlarging the number of storage nodes to curb hackers from stealing

assets.

FIGURE 7. Framework for Distributed Storage of Customer’s Key

Aside from technology, a completely secured structure was constructed for asset management.

The WPLUS Wallet classifies the available assets of the members, controlling the possibility that

the movements of the assets may be abused. WPLUS Wallet introduces the Cold Wallet function

and configures the asset structure to minimize the damage of hacking by checking and tracking

the asset's balance.

WPLUS Wallet also uses techniques such as One-Time Access token, interval encryption and

end-to-end encryption to encrypt and manage information in the event of a protocol hacking.

WPLUS Wallet manages collecting, utilizing and disposing all personal information collection on

the platform through ongoing monitoring of security incidents such as leaks that may occur

during the personal information distribution.

B. Universal-Device Sync Wallet

It is easy to use on multiple devices such as Mobile Phone, Desktop, and Tablet with a single

account of WPLUS. When accessing your WPLUS account from each device's WPLUS Wallet, you


can use the most convenient WPLUS Wallet to sync with the latest information and operate it

wherever you want. (However, simultaneous access is not possible.)

C. Crypto-Crypto & Crypto-Fiat Conversion

When WPLUS members want to avoid the risk of fluctuations in the market for cryptos or to earn

returns on investment, they have to make significant losses on both time and cost to transfer

assets held in the WPLUS Wallet to other Exchange.

WPLUS can reduce the likelihood of opportunity costs and risks arising from moving to and trading

the exchange by supporting the conversion between Crypto & Crypto and Crypto & Fiat according

to the market price index of the major exchanges within the WPLUS Wallet. (However, there is no

conversion service between Fiat & Fiat.)

Conversion Risk Hedge : The exchange risk that may be exposed to WPLUS through the provision

of the Conversion service is minimized through counter-trade through the affiliated exchange.

The conversion service is subject to buying/selling conversion rate according to the index that

reflects the market price of the major exchanges. The conversion fee is free in small cases;

however, if the conversion volume exceeds certain amounts, a prescribed fee is charged to avoid

exchange risk.

FIGURE 8. WPLUS Wallet Mobile UX

A. Advanced WPLUS Wallet Service for Multi-Purpose

� Multiple Wallet One App :

Several Wallets can be created and managed for the purposes of use for one account

and one asset of WPLUS.

� Joint Account :

A WPLUS member can create a meeting or a joint account with other people in your

WPLUS Wallet. The joint account can be divided by the Badge mark on UI, and when

withdrawal is made from the joint account, the member can send the certificate or SMS

ADVANCED


to the co-owners, and the member can make the withdrawal only after the certification

by number of members set by co-owners is completed

FIGURE 9. Asset Management UX on WPLUS Wallet

B. High-Secured W Vault Service

WPLUS Wallet provides stronger security services than Wallet, which manages individual

crypto assets. It also provides large-amount and long-term on-chain storage that

complements the security drawbacks Custodial Wallet may have.

WPLUS-only W Vault Wallet is divided into Badge on the Asset management UX, and

withdrawals can be made through authentication of both the WPLUS and the members'

private keys. Security was enhanced through artificial late payment policy after storage and

deposit confirm notification in Cold Wallet, which is physically and geographically isolated.


W Pay

“ Free from fluctuations in the market price of Cryptos “

Crypto based payment according to priority set :

WPLUS members can set the priority of the currency they want to pay, according to the market price on the

crypto exchanges, and convert it into fiat in advance to use it as payment.

The merchants receive the sales amount in the currency they want :

The merchant is paid by WPX, and the merchant can select the desired currency through the WPLUS-only

solution and receive the sales amount by applying the exchange rate at the time of payment.

The merchant can collect the sales amount through a simple settlement process.

Easy payment with WPLUS Wallet :

WPLUS members can conveniently pay with QR Code Scan at stores.

There is no charge for payment at both domestic and overseas stores.

“ Support the customized payment service that matches the

characteristics of the merchant “

Customized PG for Large distributors :

WPLUS develops and provides the crypto and fiat payment process suitable for large distributors which wants

to maintain their own exclusive payment model.

Support for the dedicated coin and token payment system :

We provide Customized W Pay service, an exclusive payment model, for companies and merchant operators

who want to use their own coins and tokens as payment method rather than WPLUS token(WPX) or general

cryptos like Bitcoin.

W Payment Process

· Seeking to avoid the risk of fluctuations in the market price of cryptos by paying sales to WPLUS

· or receiving the sales payment with a specific crypto

In this case, if the merchant selects the currency that the merchant wishes to receive, the exchange rate at the time

of payment for the corresponding currency received as a sales payment is recorded in the WPLUS SERVER with the

transaction information from WPX.

The merchant could actually receive the amount by the currency purchased by the customer at the time the store

receives the sales payment from the WPLUS based on this information.


FIGURE 10. W-Pay process flow chart

“ Convenient Payment for Games & Entertainment by WPX “

The WPLUS Platform is a comprehensive portal that brings members and partners in various areas together

based on trust in transparency and safety. The first area where the initial sphere is stable and immediately tries

to expand outside is the game market.

The general game market until now consists of game titles that have independent economic structure and the

value structure did not move to other platforms. However, there were exceptions where exchanging with other

platform is beneficial depending on the nature of the game and this sometimes expands to various markets.

WPLUS fully understands this situation through its experienced team members and advisors in the gaming

industry.

WPLUS is planning to expand the WPLUS Platform once again by combining blockchain technology in the

second half of 2019 by partnering with game developers that want to diversify payment platforms. We plan

to introduce new uses of WPX in 2020 through collaborative development with game developers after

analyzing the suitability of the game platform for partners and considering the suitability of the game platform.

Most of the technological elements have been secured in W Pay except the area where collaborative

development is needed with the game developers.


Over the Counter P2P Trading

“ Convenient & Safe P2P Trade by WPLUS “

WPLUS provides OTC transaction with highly secure W Messenger where public investors can trade cryptos

outside the exchange's market. W OTC can improve transaction probabilities by finding orders that are similar

to the terms an investor wants among orders posted by Market Maker and trading through a negotiation on

W Messenger between sellers and buyers.

WTOC will lock-up the following assets when the Market Maker posts a purchase or sale order in WPLUS

platform and verifies the counterparty, referred as the Taker after lock-up. WTOC will then virtually provide

the two-way Escrow services that could guarantee the safe transaction to all participants.

W OTC will introduce trading matching services that reflect the best exchange rate for sales and purchases

with different fiats to provide faster and more convenient transactions for members to transact at the desired

time.

WPLUS will also enable the payment by third parties in the WPLUS Platform through cooperative agreements

and this will further expand the crypto trades between individuals in the W OTC.

FIGURE 11. W OTC UX on WPLUS Wallet

Wallet Listing Business

Our business is aiming for project teams possibly needing Wallet platform that has tokens already listed on the

exchange but are not equipped with the on-off-line payment platform required by their own token ecosystem.

If the project team purchases WPX from WPLUS and deposits a designated amount or more, the team will have

minimum qualification to place the token on the Wallet addresses and tradeable tokens. Subsequently, the use of


additional WPLUS Platforms depends on whether the Wallet is simply used (translation, remittance, etc.) or the W

Pay system is used.

Listed on Wallet Listed on Wallet + W Pay

(On-Line Payment)

Listed on Wallet + W-Pay

(On & Off-Line Payment)

Supporting

Functions

Storage/Remittance/Transaction

on Wallet Address & listed on

WPLUS Wallet

Develop payment function with

corresponding token on online

shopping mall

Develop payment function with

corresponding token on offline

shopping mall

Secure W Messenger

The WPLUS application separately manages contacts within the smartphone as security contacts and makes it easy

to transfer cryptos using the WPLUS address book. Privacy could sometimes be particularly important in the various

cases of sending and receiving cryptos. It may not be easy to avoid unnecessary records, including the flow of assets,

when talking on a messenger about personal affairs and transferring money. W Messenger and WPLUS security

technologies are fully responsive to these demands.

FIGURE 12. W Messenger & Remittance UX on WPLUS Wallet

W Messenger is based on WPLUS's GUARDIANS® communications security technology that protects the messenger

to unable to overhear using end-to-end encryption technology. Multi-media and inter-member remittance details

are also encrypted and are not known unless authorized in addition to all message contents. WPLUS and

GUARDIANS® communication security technologies ensure 100% security on communication & transactions between

members, and WPLUS will expand its service to secure voice calls between members in the future.


2.2 WPLUS TOKEN (WPX)

FIGURE 13. The Symbol of WPX Token

Ethereum Platform Based WPLUS Project token

I. WPX is designed to provide various crypto services easily and conveniently through WPLUS Platform

that can be applied directly to the public's real life.

II. WPX is a utility token, a key component of Wallet service and the core of the WPLUS Project's service,

which is available for trading on the listed cryptographic exchange.

III. WPX is used as a right and to access services implemented within the WPLUS Wallet and WPLUS

ecosystem. It is also used as reward to participants who contribute to the activation of the Platform. It

serves to maintain the entire ecosystem and increase the value of users by encouraging them to own

and use.

IV. The value of WPX will increase as the number of WPLUS Wallet and WPX users increase which will lead

to the success of all participants in the WPLUS ecosystem.

WPLUS transfers WPX as the same value as the payment amount to the merchant's wallet in the W Pay regardless

the type of currency paid by the member. A merchant can choose from a variety of options for receiving sales

payment and may receive WPX by selecting various options such as fixed selling value and currency to receive

through WPX solutions. The merchant may not use or transfer the WPX received as a sales payment for any purpose

other than the redemption of the sales payment through the WPLUS, and the WPLUS pays the sales proceeds

requested through settlement procedure and collects WPX.

WPX can also be used as a trade and payment method in W OTC. Other cryptos and fiats can be purchased through

W OTC without having to go through the exchanges if WPX is used.


FIGURE 14. WPX Token Ecosystem


3. TECHNICAL STRUCTURE

The WPLUS Platform aims for decentralized architectures and ecosystems. The user's balance, every transactions and

payment information are stored in the blockchain, which allows the user to view every history through transaction

ID of the blockchain network. WPLUS plans to release open source smart contacts for anyone to check and validate.

This allows WPLUS to minimize the area of information that relies solely on the storage of the central server to

implement secure and reliable services.

The WPLUS Platform consists of layers of an application, an API, service, and blockchain. When an application layer

requests data and functionality from Command Queue, the API layer calls the corresponding function's server to

request data to the service layer and, if necessary, calls the blockchain layer using Message queue. Multiple layers

of WPLUS Platform separate functions, services, and data, enabling them to overcome the inefficiency of blockchains

that require more network costs than a central server architecture.

WPLUS Platform plans to provide OPEN APIs to its 3rd party partners in order to construct a more decentralized

ecosystem. 3rd party partners can configure a long-term service by receiving WPLUS transactions, payment, banking,

and chat functions as OPEN API.

FIGURE 15. Technical Structure


3.1 APPLICATION LAYER

The application layer consists of the mobile apps, the Web service (to be served to users) and the OPEN API that is

to be provided to ADMIN and 3rd party partners to manage the WPLUS Platform. The application layer is the starting

point for the WPLUS service and users, WPLUS Platform Managers, and 3rd party partners can use the WPLUS

Platform as the interface provided by the application layer.

3.2 API LAYER

The API layer provides the API to the front-end application layer in addition to the role as the system back-end. Each

API selects a blockchain network according to the user's characteristics, encrypts the transaction and payment data

to the service layer, and provides banking and chat functions. The banking function is the only external service

connected by WPLUS in addition to blockchain. It is also prepared for multiple requests by implementing Command

queue to maintain a large connection, including transaction, payment and chat services.

3.3 SERVICE LAYER

The service layer consists of the underlying infrastructure systems supporting the WPLUS. Selected Data and Task

received from Message Queuing are stored in storage, and data requiring quick response are kept separately in

cache for future API layer requests.

Message queue encrypts and loads user-specific data into storage. Data parser extracts personal information and

forwards it to the Anti-Money-Laundry (AML) sensor to secure RAW data to prevent the transaction and settlement

of illegal funds. It will also scan the transactions in the block chain to track the flow of coins and tokens.

3.4 BLOCKCHAIN LAYER

Blockchain layer is responsible for the transaction and payment functions requested by the service layer. WPLUS will

not only accept Bitcoin and Ethereum but will also accept a variety of cryptos and will create a wrapper library

according to the characteristics of each coin to provide flexibility in maintenance and expansion.


4. WPX Token ISSUANCE

WPX Token Issuance

WPX BNB

Total Supply 1,000,000,000 200,000,000

Sales Quantity 500,000,000 144,443,301

Market Cap about USD 100M about USD 1.2B

Rewards O (selected) X

Fee Discount O O

We have compared Binance, one of the world's largest exchanges, and its’ successful project. However, WPX has a

higher volume of issuance because it has a widening between the WPLUS Wallet service unlike Binance. The WPX

will ensure that the business performance of the WPLUS platform is fully reflected in the WPX market value. To this

end, the Public Sale of WPX shall be distributed to each listing of the crypto exchange so that the market price is

not distorted by the large volume at the beginning stage of the first listing and users can trade WPX according to

the true value of WPX.

A. Sales Target : USD 30M (150,000 ETH, if 200 ETH/USD)

B. Soft Cap : USD 5M (25,000 ETH, if 200 ETH/USD)

C. Hard Cap : USD 50M (250,000 ETH, if 200 ETH/USD)

D. Protocol : ERC-20

E. ETH / BTC accepted only


WPX Allocation Plan

(%) Allocated Qty Supplied to Description

10 % 100,000,000 WPLUS team Members Vested for 1 year

50 % 500,000,000 Private Sale, IEO Refer to “WPX distributing method”

20 % 200,000,000 Activating Ecosystem Exchanges for Listing, Partners,

Airdrop event, etc.

20 % 200,000,000 Reserved by WPLUS team for the

business purposes

Fund Allocation Plan

The amount raised by the private sale and IEO will be allocated and operated for WPLUS's future development,

payment reserve and liquidity.

Operating WPLUS system20%

Partners & Solutions15%

Additional Development25%

Marketing & Promotion

20%

Legal Expenses10%

Liquidity Securing10%

Operating WPLUS system

Partners & Solutions

Additional Development

Marketing & Promotion

Legal Expenses

Liquidity Securing


5. PARTNERS& CO-DEVELOPING

“ The Practical Use of Cryptos and the Advent of New Platform”

We are establishing partnerships with large-scale distributors and companies to activate WPLUS platform and increase

the value of WPX with promising block-chain business model, thereby penetrating the buyer-seller market fast.

5.1 Promotion of Shilla Duty Free Shop - W PAY

We have established guidelines for domestic and foreign customers when using W Pay through WPLUS Wallet at

Shilla Duty-Free Shops, the Korea’s most renowned duty-free shop division of Hotel Shilla by making partnership

and co-development with them.

WPLUS members can purchase goods without paying commission at Shilla Duty Free Shops since they could use

WPLUS Wallet application’s QR Code and the currencies stored in WPLUS Wallet for purchase. WPLUS has a personal

information protection system that does not collect or leak any information that members had provided to Shilla

Duty Free Shop for purchase during the settlement process. Moreover, using QR Code will make the process of

purchasing or returning of goods in a convenient and safe way through W Pay. WPLUS will reward WPLUS members

with WPX for the use of W Pay on top of all the conveniences listed above.

Shilla Duty Free Shop will obtain WPX based on W Pay Solution in order to maintain the value of sale price. When

the sale price is notified to WPLUS, the sale price paid in WPX will be received in cash based on the point of purchase

through the payment system of WPLUS Platform regardless of WPX price fluctuations

Shilla Duty Free Shop is a leading company operating a global duty-free business, and payments are made in

various legal fiats. This will be the stepping stone for Korean crypto wallet business being partnered with large

distribution businesses first time ever that operates similar to China’s Wechat payment service platform system.


Status of Shilla Duty Free Shop

· 2018 1st Quarter :

Sales KRW 1.0137 trillion (29% Increase from previous year)

Operating Profit KRW 47.6 billion (181% Increase from previous year)

· Shilla Duty Free Shop Network : 9 domestic and overseas branches and

internet duty free shops

· Globalization of Shilla Duty Free Shop by being located in Incheon,

Hong Kong, and Singapore airports (1st Quarter Sales of Airport duty

free shops sales: 42.6%)

· Shilla Duty Free Shop sales including HDC Shilla Duty Free Shop

(reflecting 50% stake): approx.. 4 trillion KRW, market share approx.

27% (2017)

5.2 Continuous Business Expansion

NIT(Next ICO token) Project

WPLUS will work on NIT (Next ICO Token) by partnering with VC(Venture Capital) and crypto exchanges. NIT will

partner with VC to issue NIT tokens, launch private sale for institutional investors, and list early on partner crypto

exchanges. The funds from token sale will be used to find project teams with promising business models and support

their commercialization.

The project is a new type of TGE (Token Generation Event) that will dramatically increase the profitability and fund

collection of early NIT token buyers. It will also raise the probability of success of project teams with the help of NIT

participants’ support and rapid investment. It will ultimately contribute to the development of blockchain ecosystem.

WPLUS will incorporate commercialized projects into WPLUS platform, thereby expanding partnerships and business

areas of WPLUS as well as securing the diversity and scalability of WPLUS Platform. In addition, project teams with

promising business models will be provided with the best commercialization support and benefits of WPLUS platform.

Thus, their probability of success will be maximized.

We will further develop the blockchain ecosystem as well as WPLUS by allowing promising business models to join

with more stable and rich content in the blockchain and cryptographic economies.


Continued Business Expansion

WPLUS project has plenty more major partners, participants, and investors. With them, WPLUS is working on services

that could apply blockchain technology in the real world and start new possibilities in WPLUS ecosystem.

In addition, WPLUS will partner with various crypto exchange and daily life related industry companies located in

countries alienated from current financial system, and also with world’s leading blockchain developed advanced

countries. WPLUS will become more abundant, allowing blockchain to benefit from the opening of the new financial

world. This will lead us one step closer to the ideal.


6. Road Map

FIGURE 18. WPLUS’ Road Map


7. Team

Anthony AHN

CEO

PhD. Seoul National University

7AM Co-founder

Bigdata MBA, Kookmin University

Nanoom Soft CTO

Jay SHIN Project Manager

System Integration Specialist

VDI Cloud Infrastructure Consultant

Teamplus Solution Director

PDM/PLM Solution Engineer at SWS

Young KIM

Strategic Planer

BS & MS Yonsei University

Strategic Marketing at Samsung Elec.

SCM Manager at LG Elec.

DIAF CEO

TREDICO Co-founder & CEO

Cher CHO

Business Planning

Yonsei University

Finance Specialist

Nomura Securities

DBS Bank

JP Morgan Partners

Jack KIM

Development Leader

Blockchain Specialist

20 years as Architect and Designer

in massive server, big data systems,

multimedia codecs, streaming servers

telecommunication network platform

Gabriel LEE

Developer

10 years as Application developer

Android, Javascript


Henry JEONG

Developer

Lotte.com, Smartpick Application

LG Mpost Application

Samsung ChatOnLive Application

Danalssocio Sharing Platform Application

Lucas CHA

Developer

Main Memory DBMS Engine

SKT Telecommunication

Application Server

SKT T-ARS Service Server

Juhong LEE

Developer

iOS Development Specialist

Hani PARK

Developer

Full Stack Developer

Payment System & LIG US BMS

at United Merchant Services (USA)

IrisSCM

at International Digital Systems (USA)

Leo LEE Developer

Blockchain wallet service development

SK hynics S.H.E system high resolution

Samsung warm gas system high resolution

Alex HONG

Designer

Hongik University

UX Design at HTS coin

everMBC Design

Design Several Shopping malls

Documents

white paper ver.1 WPLUS Tokens Platform · 2019-04-03 · However, there were 6.3 million bitcoins not moving for a year and even for bitcoins in active wallets over 40% of them were