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Page 1: XMC whitepaper 07062018 Eng print - xmedcoin.comxmedcoin.com/XMC_Whitepaper_EN.pdfhospital,includingtheirtestresults, X-ray, treatment reports, etc. When a patient goes to a different

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Page 2: XMC whitepaper 07062018 Eng print - xmedcoin.comxmedcoin.com/XMC_Whitepaper_EN.pdfhospital,includingtheirtestresults, X-ray, treatment reports, etc. When a patient goes to a different

 

   XMED Chain – Leading Medical Globalization*XMCT will not be used as the form of currency in the asset transactions. All of the transactions will be conducted under the asset's local fiat.   2  

 

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Contents � 

1. � Project � Overview  ..........................................................................................  5  

2. � Issues � in � the � Health � Care � Industry  ...........................................................  6  

2.1 � Demand � for � global � medical � big � data � management � .............................. � 6 � 

2.2 � The � lack � of � unity � ......................................................................................... � 7 � 

2.3 � Lack � of � patient � authority � in � medical � data � management � ....................... � 8 � 

2.4 � Lack � of � high � quality � data � analysis � system � .............................................. � 8 � 

2.5 � Mismatch � of � medical � resources � ................................................................ � 9 � 

3. � Global � Medical � Market � Size  .....................................................................  10  

4. � What � is � XMED � Chain(XMC)?  .............................................................  11  

4.1 � Application � System � Based � on � Blockchain, � AI � & � Big � Data � Technologies

 ....................................................................................................................................  11  

4.2 � Advantage � of � using � XMC  ...............................................................................  12  

5. � Business � Model  ...........................................................................................  14  

6. � Functions � and � usages � of � XMC’s � syste  ................................................  16  

6.1 � XMC’s � system � platform � specific � function  ...............................................  16  

6.2 � XMC’s � system � usage � for � individual � users  ...............................................  17  

6.3 � XMC’s � system � usage � for � medical � institutions  ........................................  24  

6.4 � XMCT  ..................................................................................................................  24  

7. � Design � Principles � and � Technical � Architecture  .....................................  26  

7.1 � Blockchain  .........................................................................................................  28  

7.2 � Artificial �  �  Intelligence(AI)  .........................................................................  38  

7.3 � OCR � automatic � identification  .......................................................................  40  

7.4 � Micro-services  ..................................................................................................  40  

7.5 � Docker � conversion  ...........................................................................................  42  

8. � Roadmap � & � Long-Term � Development � Goals  ......................................  46  

9. � Fund � Raising � and � Application � Plan  .......................................................  47  

9.1 � XMCT � mechanism  ............................................................................................  47  

9.2 � XMCT � sale � structure  ........................................................................................  47  

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9.3 � XMCT � details  .....................................................................................................  48  

9.4 � XMCT � total � usage � analysis  ............................................................................  48  

9.5 � Capital � usage � budget  ......................................................................................  48  

10. � Risk � Factors  ...............................................................................................  50  

10.1 � Amendment � or � Termination � of � the � Token � sale  .....................................  50  

10.2 � Token � Risk  .......................................................................................................  51  

10.3 � Project � Risk  .....................................................................................................  51  

10.4 � Digital � Coin � Risk  ............................................................................................  51  

10.5 � Regulatory � Risk  ..............................................................................................  52  

10.6 � Limited � Availability � of � Sufficient � Information  .......................................  53  

10.7 � Immediate � Use � of � Token � sale � Proceeds � and � No � Refund � Policy  ........  54  

10.8 � Cryptographic � Protections  ..........................................................................  54  

10.9 � Abandonment � or � Development � Failure  ...................................................  55  

10.10 � Theft � of � Token � sale � Proceeds  ..................................................................  55  

10.11 � Flaw � in � the � Source � Code  ............................................................................  55  

10.12 � Unpermissioned, � decentralized � and � autonomous � ledger  ................  56  

10.13 � Compromised � Security  ..............................................................................  56  

10.14 � “Distributed � Denial � of � Service” � Attacks  ............................................  57  

10.15 � Inadequacy � of � Processing � Power  ............................................................  57  

10.16 � Unauthorized � Claim � of � XMCT  ..................................................................  58  

10.17 � Loss � of � Private � Key  .....................................................................................  58  

10.18 � Forking  ...........................................................................................................  58  

10.19 � Popularity  .....................................................................................................  59  

10.20 � Market � Liquidity  ..........................................................................................  59  

10.21 � Price � Volatility  ..............................................................................................  60  

10.22 � XMC’s � Exposure � to � Cryptographic � Tokens  ........................................  60  

10.23 � Conflict � of � Interests  ....................................................................................  61  

10.24 � Potential � Concentrated � Ownership � of � XMCT  ......................................  61  

10.25 � Potential � Competitors  ...............................................................................  61  

10.26 � Third � Party � Developors � and � Suppliers  ...................................................  62  

10.27 � Potential � Misuse � of � XMC � its � Technologies � and � Brand  ......................  62  

10.28 � Privacy � and � Data � Retention � Issues  .........................................................  63  

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10.29 � General � Risks � Relating � to � the � Use � of � the � Internet � or � Other � 

Electronic � Medium  .................................................................................................  64  

10.30 � Tax � Matters � Relating � to � XMC’s � Operations  .......................................  66  

10.31 � Tax � Matters � Relating � to � Participation � in � the � Token � sale  ..................  66  

10.32 � Incomplete � Information � Regarding � XMC  .............................................  67  

10.33 � Further � Token � sales � and � Development � and � Sale � of � Additional � 

Tokens  .......................................................................................................................  67  

11. � Team � Profile  ..............................................................................................  68  

12. � Disclaimer  ..................................................................................................  77  

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1. � Project � Overview �  � 

The � demand � for � high � quality � health � care � experiences � grows � rapidly � by � 

day � and � such � demand � for � Health � care � and � insurance � has � now � reached � 

a � multi-institutional, � interregional � and � even � global � level. � In � such � a � 

diversified � global � health � care � system, � medical � data � management � is � 

facing � significant � challenges, � especially � in � relation � to � the � storage, � 

management � and � sharing � of � personal � medical � data. � The � blockchain � 

technology � with � its � decentralized � data � storing, � immune � from � 

unauthorized � amendments � and � complete � trust � nature � can � build � an � 

efficient � platform � for � the � storage, � management � and � sharing � of � 

sensitive � medical � data. � 

� 

XMED � Chain � (XMC) � is � the � world � first � application � system � that � utilizes � the � 

blockchain � technology, � artificial � intelligence � (AI) � and � big � data � analytical � 

power. � Users � or � patients � can � upload � and � manage � their � personal � medical � 

records � through � XMC, � which � would � allow � them � to � have � ownership � of � 

their � own � personal � data � that � cannot � be � edited � by � other � parties � without � 

the � owner’s � authorization. � XMC � utilizes � the � characteristics � of � 

blockchain, � such � as � decentralized � consensus, � “trustless”, � and � 

immutable, � to � encrypt � and � store � personal � medical � data. � XMC � also � 

utilizes � AI � and � big � data � to � analyze � and � provide � personalised � information � 

of � the � global � medical � services � that � meets � the � need � of � the � users, � which � 

will � provide � a � safe � and � efficient � data � management � platform � for � 

individual � and � institutional � users. � XMC � will � be � an � important � milestone � in � 

the � integration � of � a � borderless � health � care � system � so � as � to � realize � the � 

global � sharing � of � the � medical � resources. � 

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Our � vision � is � to � build � a � patient-oriented, � sustainable � and � intelligentized � 

ecosystem � in � medical � data � management � in � order � to � achieve � a � 

globalized � health � care � system. � 

2. � Issues � in � the � Health � Care � Industry � 

2.1 � Demand � for � global � medical � big � data � management � 

With � the � improvement � in � living � standards � and � advancement � in � 

technology, � people's � expectation � for � a � higher � quality � health � services � is � 

also � rising. � People � are � more � willing � to � pay � for � more � high-security � 

nowadays. � Public � hospitals � are � no � longer � the � only � choice � in � terms � of � 

medical � treatment. � Private � hospitals � and � overseas � medical � care � is � 

gradually � becoming � the � middle � class � population’s � first � choice. � At � the � 

same � time, � due � to � the � insufficient � coverage � for � serious � illnesses � by � 

public � health � insurance, � many � middle � class � chose � to � purchase � private � 

and � sometimes � overseas � health � insurance � to � meet � the � insufficiency. � The � 

demand � for � medical � services � and � insurance � services � has � become � multi-

institutional, � inter-regional � and � even � global. � The � traditional � way � of � 

medical � data � management � is � now � outdated � in � such � a � diversified � health � 

care � environment � for � it � lacks � the � ability � to � be � shared � and � gathered � 

easily. � 

� 

Although � there � are � existing � laws, � policies � and � regulations � that � strictly � 

regulate � the � protection � of � patients’ � privacy, � it � is � difficult � to � manage � 

large � and � scattered � medical � data. � In � addition, � the � digitalization � of � 

procedures � are � bringing � in � risks � to � information � security, � which � is � 

making � the � globalization � of � health � care � services � even � more � difficult � to � 

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achieve. �  � 

� 

Facilitating � healthcare � service � providers, � medicine � and � medical � 

equipment � manufacturers, � as � well � as � global � patients � are � calling � for � a � 

secure � and � reliable � solution � to � manage � medical � data, � in � order � to � 

achieve � a � system � that � focuses � on � the � patients. � 

2.2 � The � lack � of � unity � 

The � vast � majority � of � patients � can � only � hold � paper � records � issued � by � the � 

hospital, � including � their � test � results, � X-ray, � treatment � reports, � etc. � When � 

a � patient � goes � to � a � different � medical � institution, � it � is � required � for � the � 

patients � to � reestablish � the � personal � medical � records � or � transfer � the � 

records � from � the � old � hospital � to � the � new � one. � However, � paper � records � 

are � easily � lost, � damaged � and � mishandled. � If � the � paper � record � is � lost � or � 

damaged, � such � information � would � become � irretrievable. � If � such � record � 

is � required � by � another � medical � or � insurance � institution, � all � lost � 

information � will � have � to � be � recreated, � the � patient � may � need � to � take � 

clinical � examinations � all � over � again. � This � is � causing � unnecessary � losses � 

to � patients, � medical � and � insurance � institutions. � 

� 

There � is � no � standard � format � for � keeping � a � medical � data � storage. � In � most � 

cases, � patients � need � to � collect � and � provide � their � own � medical � records � to � 

different � institutions. � Since � there � is � no � existing � system � to � effectively � 

share � medical � data � directly � between � institutions, � different � institutions � 

adopts � different � methodology � to � store � medical � data � and � therefore � the � 

new � instituition � will � take � time � to � process � a � record � produced � by � a � 

different � institution. � 

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2.3 �  Lack �  of �  patient �  authority �  in �  medical �  data � 

management � 

From � the � perspective � of � the � patient, � they � have � a � passive � role � under � the � 

traditional � medical � records. � The � primary � uses � of � the � medical � records � are � 

for � the � doctors � and � most � patients � do � not � understand � their � own � records. � 

In � addition, � patients � lack � control � over � the � management � of � their � own � 

medical � records, � which � stores � a � large � extent � of � sensitive � medical � 

information, � however � the � patient � is � unable � to � supervise � who � reads � or � 

edits � their � medical � information. � Therefore, � patient’s � privacy � protection � 

largely � depends � on � the � institutions � themselves. � Mishandled � medical � 

data � and � accidental � leakage � of � sensitive � information � can � cause � serious � 

consequences � and � may � be � an � infringement � on � the � patient’s � privacy. � 

The � failure � to � take � practical � steps � to � safeguard � the � security � of � medical � 

records � may � also � lead � to � patient’s � distrust � toward � medical � institutions. � 

� 

The � patient’s � lack � of � trust � in � hospitals � and � physicians � is � a � major � 

problem � in � China’s � health � care � system. � An � effective � medical � record � 

system � empowering � patient � with � controls � over � the � management � of � their � 

own � personal � medical � data � can � help � to � improve � the � trust � among � 

patients, � physicians � and � institutions. � It � can � effectively � improve � quality � of � 

care � and � also � prevent � medical � malpractice. � 

2.4 � Lack � of � high � quality � data � analysis � system � 

The � technology � of � AI � and � big � data � analysis � have � now � successfully � been � 

applied � to � various � fields � successfully � but � the � application � of � AI � and � big � 

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data � analysis � into � the � field � of � health � care � is � still � being � developed. � The � 

use � of � blockchain � technology � to � organize � medical � data � can � provide � an � 

underlying � foundation � for � big � data � and � AI � analysis. � At � present, � due � to � 

the � characteristics � such � as � being � too � diversified, � fragmented � and � 

maybe � invalid, � it � is � difficult � to � ascertain � the � accuracy � and � efficiency � on � 

the � analysis � based � on � such � data. � The � rapid � accumulation � of � medical � 

information � by � blockchain � can � form � a � valuable � database � for � big � data � 

analysis � and � eventually � achieve � a � highly � accurate � consultation � with � AI. � 

� 

2.5 � Mismatch � of � medical � resources � 

� 

The � allocation � of � quality � medical � resources � is � unbalanced, � due � to � the � 

lack � of � knowledge � in � certain � areas � of � medical � care � and � the � asymmetry � 

of � medical � information. � The � mismatch � of � medical � resources � hinders � the � 

quality � and � efficiency � of � health � care. � Patients � searching � for � medical � 

information � in � the � internet � may � receive � unreliable � information, � false � 

treatment � advices � and � other � dangerous � results. � The � advancements � in � 

medical � big � data � analysis � technology � helped � in � integrating � medical � 

information � and � making � it � more � transparent. � In � addition � to � that, � the � 

reliable � medical � information � can � reduce � the � irregularity � of � medical � 

knowledge � and � promote � the � fair � distribution � of � medical � resources. � 

� 

Issues � mentioned � above � can � be � tackled � through � utilizing � blockchain � 

technology. � The � decentralized, � unchangeable � and � reliable � nature � of � 

blockchain � can � provide � an � efficient � platform � for � the � storage, � 

management, � sharing � and � analysis � of � sensitive � medical � data. � So � 

patient's � authority � greatly � improved. � Medical � data � can � be � handled � in � a � 

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credible � and � confidential � way � and � the � integration � of � data � provides � an � 

efficient � platform � for � big � data � analysis � and � AI � consultation. � 

3. � Global � Medical � Market � Size � 

In � the � past � 10 � years, � demands � of � global � and � cross � border � medical � 

services � kept � rising. � Increasingly � aging � population, � growth � in � middle � 

class’s � income, � increasing � costs � for � medical � insurance � and � medical � 

expenditure � and � the � growth � in � income � in � developing � countries � are � all � 

pushing � toward � higher � demands � in � health � care. � By � the � end � of � 2018, � the � 

annual � cost � of � the � global � healthcare � market � is � expected � to � reach � over � 8 � 

Trillion � USD � and � demands � for � cross-border � healthcare � service � would � be � 

also � increased � to � be � 421 � Billion � USD. � 

� 

Figure � 1. � Global � Medical � Market � Size � 

� 

�  � 

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4. � What � is � XMED � Chain(XMC)? � 

4.1 � Application � System � Based � on � Blockchain, � AI � & � Big � 

Data � Technologies � 

Figure � 2. � XMC � Application � Ecosystem � 

� 

� 

XMED � Chain � (XMC) � is � the � world � first � medical � data � application � system � 

(Figure � 2) � based � on � the � blockchain, � AI � and � big � data � analysis � 

technologies. � Users � can � upload � medical � records � through � XMC � 

applications. � XMC � then � converts � such � medical � data � into � smart � contracts � 

and � stores � them � in � blockchains. � Medical � data � that � are � converted � into � 

smart � contracts � can � be � efficiently � applied � to � a � variety � of � health � care � 

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related � scenarios,improving � the � efficiency � and � quality � of � medical � 

services, � insurance � services � and � researches � offered � by � institutions. �  � 

� 

XMC � will � be � using � easy-to-access � mobile � and � PC � applications � for � users � 

to � upload � medical � records. � The � records � will � then � be � validated � and � 

encrypted � with � blockchain � technology. � The � anonymous � data � will � be � 

analyzed � by � the � AI � and � big � data � analytical � system. � Through � intellectual � 

analysis � and � evaluation, � accurate � consultation � results � can � be � generated � 

for � individual � or � institutional � users � with � higher � efficiency � and � quality. � 

� 

With � data � aggregation � and � analysis, � XMC's � medical � data � can � be � used � in � 

a � variety � of � scenarios. � User � can � sfely � store � and � manage � their � medical � 

data � with � their � authorization. � The � medical � records � can � be � used � in � a � 

number � of � services � by � institutional � users, � including � online � consultation, � 

medical � appointment, � offer � information � on � insurance � products � and � 

other � value-added � services. � Encrypted � data � can � also � be � securely � shared � 

between � healthcare � providers � as � well � as � among � patients � XMC � aims � to � 

facilitate � the � standardization � of � medical � data � processing � and � implement � 

a � system � where � users � can � exchange � information � with � each � other � safely � 

and � transparently, � ultimately � forming � a � globalized � medical � data � system � 

based � on � users’ � needs. � 

4.2 � Advantage � of � using � XMC � 

� XMC � is � the � first � blockchain � project � aiming � to � promote � global � health � 

care � integration. � Through � the � use � of � blockchain � technology, � XMC � can � 

provide � a � secured, � reliable � and � speedy � data � exchange. � XMC � effectively � 

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solves � issues � in � the � medical � industry � which � was � discussed � in � Chapter � 2 � 

above. � 

� 

1) � XMC � is � the � first � blockchain � project � to � integrate � and � globalise � 

medical � service � through � applying � blockchain, � AI � and � big � data � 

technologies. � The � decentralized � feature � of � the � blockchain � technology � 

allows � the � instantaneous � distribution � of � information. � OCR � enables � the � 

patients � to � take � photos � of � their � relevant � medical � records, � which � can � be � 

uploaded � in � a � convenient � and � fast � way � and � the � patient-uploaded � data � 

can � interact � as � the � structured � and � modifiable � data � (modifiable � before � 

establishing � the � block). � Thereafter, � the � system � continues � to � provide � 

accurate � analysis � with � the � help � of � artificial � intelligence � and � big � data � 

technologies. � The � AI � and � big � data � technologies � provides � accurate � 

analysis � to � generate � global � medical � solutions � to � users. � XMC � speeds � up � 

data � sharing � among � institutions � and � provides � the � foundation � for � global � 

medical � service � integration. � 

� 

2)Safe � and � reliable � medical � data � circulation � 

The � XMC � system � greatly � improves � data � security. � The � encrypted � nature � 

of � the � blockchain � technology � ensure � the � safe � circulation � of � medical � 

data. � Patients � can � provide � encrypted � medical � records � to � institutions � and � 

authorize � data � circulation � among � agencies � with � confidence. � 

� 

3)Efficient � data � sharing � among � users � 

Users � can � send � their � medical � data � or � medical � records � to � the � doctors � or � 

patients � who � might � require � reference. � 

� 

� 

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4)Utilization � of � global � medical � services � 

Individual � users � can � obtain � global � information � on � medical � services � from � 

XMC’s � analysis. � Medical � big � data � can � solve � the � problem � of � information � 

asymmetry � and � provide � patients � with � safe � and � transparent � medical � 

information, � including � medical � service � information, � treatment � programs, � 

satisfaction � rating � and � other � relevant � information � helping � patients � to � 

select � the � best � global � medical � program � that � meets � their � medical � needs. � 

� 

5)Build � a � health � chain � that � everyone � benefits � from � 

XMC � is � an � application � with � a � wide � range � of � users. � Every � individual � or � 

institutional � user � that � provides � and � shares � medical � data � can � receive � 

XMC � Token � ("XMCT") � as � a � reward � for � the � contribution � to � the � medical � 

ecosystem. � Individual � users � can � upload � medical � records � and � save � 

encrypted � data � on � XMC, � making � it � a � digital � asset. � 

5. � Business � Model � 

We � have � profound � experience � in � global � health � care � and � is � capable � of � 

meeting � the � needs � (efficient � therapeutic � methods) � of � a � wide � range � of � 

users � by � providing � a � variety � of � health-related � services, � as � they � are � 

extremely � aware � of � the � insufficiency � in � the � current � health � care � model. � 

The � accumulation � of � user � data � can � help � to � improve � XMC’s � intelligent � 

analysis. � Both � parties � can � benefit � from � the � XMC � ecosystem. � 

� 

� 

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Figure � 3. � Online � & � offline � business � model � 

� 

�  � 

The � XMC’s � system � analyzes � medical � records � uploaded � by � users � and � 

provide � professional � suggestions � to � meet � users’ � needs � for � medical � 

services, � such � as � medical � appointments, � information � about � referral � 

services � of � medical � centres, � information � on � body � checks � services � and � 

information � on � insurance. � XMC � and � cooperating � organizations � can � 

provide � a � wide � range � of � corresponding � health � services. � Ultimately � the � 

XMC � will � achieve � a � strong � linkage � and � sustainable � business � cycle � in � the � 

global � health � care � industry. � 

�  � 

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6. � Functions � and � usages � of � XMC’s � syste � 

6.1 � XMC’s � system � platform � specific � function � 

The � XMC’s � system � is � divided � into � two � terminals, � users, � and � system � 

management. � The � three � different � terminals � can � achieve � a � variety � of � 

functions. � The � enterprise � terminal � will � allow � data � management � system � 

docking, � user � registration, � retrieving � medical � records � and � other � 

management � functions. � Patient � terminal � will � provide � a � platform � for � 

medical � record � upload, � AI � analysis, � authorize � record � usage � and � other � 

functions. � Management � terminal � can � provide � smart � contract � 

management � service, � node � permission � and � other � management � 

functions. � 

Figure � 4. � XMC � Features � 

� 

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6.1.1 � Smart � contract � management � 

The � operation � manager � of � the � blockchain � can � add � terms � on � the � original � 

smart � contract � and � optimize � the � protocol � of � the � application � system. � 

Such � operation � is � transparent � and � open. � 

6.2 � XMC’s � system � usage � for � individual � users � 

The � XMC’s � system � utilizes � blockchain, � AI � and � big � data � technologies � to � 

provide � users � with � a � multi-functional, � secured � and � user-friendly � 

application. � Through � the � application � of � smart � contract, � users � can � submit � 

their � medical � records � or � other � medical � data � to � XMC. � The � XMC’s � system � 

analyzes � the � data � and � generates � optimal � medical � service � options � for � 

such � user � and � provides � a � platform � of � information � for � patients � to � locate � 

a � safe � one-stop � health � care � consultation. � 

� 

After � the � registration, � individual � users � have � direct � access � to � quality � 

health � care � information � through � big � data � analysis � provided � by � the � 

platform. � XMC � can � also � improve � accuracy � of � analysis � by � AI � analysis � of � 

user � data. � 

� 

� 

� 

� 

� 

� 

� 

� 

� 

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Figure � 5. � XMC’s � system � usage � for � individual � user � 

� 

6.2.1 � Submission � and � verification � of � medical � records � 

After � users � register � accounts � in � PC � or � mobile � application, � medical � 

records � can � be � transmitted � to � the � public � server � (public � log) � in � the � form � 

of � image � files. � The � system � uses � OCR � to � automatically � identify � the � 

modifiable � text � of � the � corresponding � module. � The � user � can � modify � the � 

identification � results, � then � save � it � to � the � server, � and � modify � or � delete � the � 

information. � Only � medical � reports � or � medical � records � created � with � 

blocks � can � be � sent � to � others. � After � blocks � are � built, � they � can � be � viewed � 

and � deleted, � but � they � can � not � be � modified. � 

� 

Example: � User � A � uploads � his � medical � record � to � XMC. � Other � users � on � the � 

XMC � network � can � verify � the � medical � record � uploaded. � If � proven � valid, � 

the � access � right � of � the � medical � data � is � managed � by � user � A. � In � the � future, � 

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user � A � can � authorize � physicians � and � medical � institutions � to � access � his � 

medical � information � when � needed, � reducing � redundant � data � entry � work, � 

preventing � error � and � improving � medical � efficiency. � 

� 

Data � verification �  � 

Data � verification � process � uses � AI � to � identify � contents, � including � but � not � 

limited � to � : � gender, � age, � country � and � area, � hospital � name, � disease � 

diagnosis, � main � treatment � technologies, � drug � name, � treatment � cost, � 

drug � cost � and � so � on. � Through � the � AI � system, � nodes � determine � and � 

verify � data � in � six � and � more � fields � to � reach � consensus � to � determine � the � 

validity � of � the � medical � record. � The � medical � record � is � then � automatically � 

stored � in � the � data � block, � waiting � for � subsequent � identification � and � 

translation � jobs. � 

� 

Figure � 6. � Medical � record � verification � 

� 

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6.2.2 �  Identification � and � translation � of � the � medical � experience � 

reports � and � medical � records � 

After � verification � of � the � medical � record, � the � AI � system � identifies � and � 

converts � contents � into � text � format. �  � 

� 

For � each � piece � of � medical � data, � the � AI � will � identify � the � contents. � 

Interactive � data � will � be � generated � with � the � recognized � results. � In � order � 

to � obtain � more � reliable � results, � the � consensus � mechanism � of � blockchain � 

technology � is � used � so � that � each � node � (peer) � can � perform � secondary � 

identification � on � the � interactive � data. � Finally, � the � system � will � convert � the � 

data � into � text � format. � AI � technology � is � used � once � again � to � translate � text � 

into � a � highly � structured � text. � and � data � will � be � stored � in � a � decentralized � 

manner. � 

� 

� Identification � and � Translation � 

� AI � technology � can � automatically � recognize � the � verified � medical � records � 

data � and � use � OCR � technology � to � translate � after � identifying � the � content. � 

Translation � results � will � be � shown � to � users � using � POW � reward � 

mechanism. � 

� 

� 

� 

� 

� 

� 

� 

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Figure � 7. � Identification � and � translation � of � medical � records � 

� 

6.2.3 � Intelligent � match � of � medical � data � 

After � aggregation � and � verification � of � medical � records, � the � XMC � system � 

maximizes � the � value � of � data � to � match � users � with � medical � resource � 

information � that � best � matches � the � user’s � need � by � using � AI � and � big � 

data � analysis. � 

� 

XMC � system � searches � and � matches � data � in � the � database � using � AI � 

technology. � The � AI � performs � intelligent � screening � at � different � levels � of � 

the � results, � optimizing � medical � resources � and � realizing � higher � level � 

utilization � of � AI � in � the � medical � field. � Users � can � obtain � quality � search � 

results � by � uploading � medical � record. � When � patients � upload � medical � 

experience � reports � or � medical � records � through � the � XMC � system, � and � 

then � verify � the � validity, � the � information � will � be � stored � in � the � medical � 

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resource � database. � When � other � patients � have � query � needs, � the � system � is � 

searched � and � matched � by � AI � big � data � technology, � which � can � 

recommend � therapeutic � solutions � for � the � patients. � Users � without � 

medical � records � can � also � make � partial � analysis � based � on � available � 

information. �  � 

� 

Example: � 10000 � medical � records � of � lung � cancer � patients � are � uploaded � 

to � the � XMC. � The � records � are � then � verified � and � stored � in � the � database. � 

When � other � users � have � consultation � needs, � the � AI � and � big � data � 

technology � compound � can � perform � intelligent � search � and � generate � 

corresponding � results � to � users. � 

� 

Figure � 8. � XMC � application � showcase: � Personal � blockchain � medical � records � 

connect � to � global � medical � data � 

� 

� 

� 

� 

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Figure � 9. � XMC � application � showcase: � Find � optimal � global � medical � data � 

� 

� 

� 

Figure � 10. � XMC � application � showcase: � wallet, � product � purchase, � GP � booking � 

� 

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6.3 � XMC’s � system � usage � for � medical � institutions � 

When � XMC’s � system � completes � API � docking � with � medical � institutions, � 

the � following � functions � can � be � performed: �  � 

� 

1) � Medical � institutions � analyze � the � data � provided � by � the � XMC’s � system � 

and � develop � data-driven � options � to � better � utilize � medical � resources � and � 

prevent � waste � of � resources. �  � 

� 

2) � The � XMC’s � system � establishes � a � comprehensive � evaluation � system � 

for � medical � institutions, � with � unified � standards � to � assess � target � disease, � 

treatment � technology, � service � pricing � and � other � factors � in � different � 

institutions. � Through � big � data � analysis, � simple � questions � can � be � 

answered. � For � example, � what � type � of � sophisticated � surgeries � are � 

performed � by � the � hospital? � Or � which � surgery � is � most � cost-effective? �  � 

� 

3) � User � generated � big � data � can � be � used � to � improve � patient-centered � 

medical � services, � including � tiered � health � care � system � (diagnosis, � 

treatment � and � rehabilitation), � telemedicine � and � health � management. � 

6.4 � XMCT � 

In � the � traditional � medical � environment, � individual � users � have � no � direct � 

control � over � their � medical � records � and � do � not � realize � the � value � of � 

personal � medical � information. � Users � of � the � medical � information � cannot � 

guarantee � the � authenticity � of � the � information � obtained. � The � future � of � 

medical � data � should � be � transparent � and � open, � which � leads � to � the � 

concept � of � XMCT. � XMCT � will � be � circulated � in � the � XMC � ecosystem, � 

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designed � for � all � users � who � contribute � to � a � harmonious � and � shared � 

economic � ecology. �  � 

� 

XMCT � ensures � that � user’s � verification � tasks � are � rewarded. � This � can � 

effectively � reduce � malicious � behaviors. � In � the � XMC � ecosystem, � we � create � 

a � shared � environment � that � will � benefit � all � users � (patients, � physicians � and � 

health � care � related � institutions) � and � ensure � accurate � and � effective � 

medical � data � exchange. � 

� 

The � core � value � of � the � XMC � system � is � based � on � medical � data � 

management � and � analysis � with � the � reward � of � tokens. � The � users � can � be � 

rewarded � with � XMCT � after � they � have � successfully � registered, � upload � 

their � medical � record � and � pass � the � verification � process. � The � user � can � also � 

obtain � tokens � by � uploading � a � medical � record � or � assisting � in � verification � 

of � medical � records. � User � can � pay � tokens � to � obtain � health � service � 

information � generated � by � AI � analysis. � 

� 

Figure � 11. � Function � of � XMCT � 

� 

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7. � Design � Principles � and � Technical � Architecture � 

The � system � design � is � based � on � the � following � five � principles: � Firstly, � the � 

system � safety � is � the � topmost � priority; � Secondly, � all � operations � are � 

unable � to � be � tampered � and � are � well � Thirdly, � protect � the � privacy, � 

desensitize � the � sensitive � data; � Fourthly, � improve � user � experience � as � 

much � as � possible; � Fifthly, � the � system � must � have � elasticity � and � 

adaptability. �  � 

� 

Block � chain � is � a � low-cost, � high-security, � customizable � and � encapsulated � 

decentralization � trust � solution � tool � based � on � encryption � technology. � It � is � 

also � an � innovative � application � mode � of � distributed � data � storage, � point-

to-point � transmission, � consensus � mechanism, � encryption � algorithm � and � 

other � computer � technologies � that � have � emerged � in � the � Internet � age. � At � 

present, � its � application � has � extended � to � many � fields, � such � as � the � internet � 

of � things, � intelligent � manufacturing, � supply � chain � management, � digital � 

asset � transaction � and � so � on. �  � 

� 

In � a � narrow � sense, � the � block � chain � is � a � kind � of � chain-type � data � structure � 

formed � by � the � data � blocks � in � the � form � of � a � sequential � connection, � and � 

the � non-tempered � and � non-forged � distributed � accounts � are � ensured � 

with � the � help � cryptography. �  � 

� 

Broadly � speaking, � the � block � chain � technology � is � a � brand-new � 

distributed � infrastructure � and � computing � paradigm � which � uses � block � 

chain � data � structure � to � verify � and � store � data, � use � distributed � node � 

consensus � algorithm � to � generate � and � update � data, � use � cryptography � to � 

ensure � the � security � of � data � transmission � and � access, � and � utilize � the � 

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intelligent � contract � constituted � by � the � automated � scripting � code � to � 

program � and � manipulate � data. �  � 

� 

By � analyzing � the � block � chain � technology � from � the � perspective � of � 

information � safety, � the � key � advantages � of � the � same � are: �  � 

� 

(1) � It � can � utilize � the � high-redundant � database � to � ensure � the � information � 

completeness; �  � 

� 

(2) � It � can � utilize � the � relevant � cryptography � theory � to � have � data � 

validation � and � ensure � the � untamperability; �  � 

� 

(3) � It � can � utilize � multiple � private � keys � to � carry � out � access � control. �  � 

� 

Based � on � the � trustworthiness, � security � and � untamperability � of � block � 

chain, � we � choose � block � chain � as � the � basic � support � technology � of � our � 

system. � It � meets � the � first � and � second � articles � of � our � design � principles. � 

However, � because � all � data � are � available � in � the � whole � network, � it � can � not � 

satisfy � the � third � principle � of � design: � privacy � protection. �  � 

� 

Super � account � book � is � a � unique � design � and � implementation � of � the � 

block � chain � technology, � which � provides � support � for � enhancing � privacy. � 

One � of � its � important � characteristics � lies � in � the � support � of � multichannel � 

(Multiple-channel). � Using � this � feature, � some � members � of � the � book � 

network � can � negotiate � and � construct � an � exclusive � channel � to � isolate � 

with � the � outside. � The � nodes � outside � the � channel � can � not � see � the � 

accounts � and � transaction � data, � so � as � to � greatly � improve � the � privacy. � The � 

cost � of � privacy � is � to � use � all � kinds � of � extra � calculations � for � guaranteeing, � 

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thus � reducing � the � processing � speed � greatly. � So � we � take � into � account � 

both � speed � and � privacy, � and � use � a � unique � cross-chain � structure � to � 

combine � the � subchain � based � on � the � ether � chain � and � the � alliance � chain � 

based � on � the � supper � account � book. � 

� 

The � input � of � medical � record � information � is � very � complicated, � and � it � is � 

easy � to � crack � down � on � the � user's � enthusiasm � in � improper � handling. � We � 

use � OCR � technology � to � automatically � identify � the � medical � record � 

information, � so � as � to � reduce � the � user's � burden � and � improve � the � user � 

experience. �  � 

� 

In � order � to � make � the � system � flexible � and � adaptable, � we � use � a � lot � of � 

microservices � and � docker � conversions. � Microservice � solves � the � 

complexity � of � system � function � division. � Docker � solves � the � complexity � of � 

the � system � deployment. � The � combination � of � the � two � ensures � the � 

flexibility � and � adaptability � of � the � system, � which � makes � our � system � 

always � meet � the � business � and � performance � requirements � during � the � 

business � development � process � 

7.1 � Blockchain � 

7.1.1 � Block � chain � common � technology � requirements � 

� 

Through � the � systematic � analysis � of � the � application � scenarios � in � the � 

medical � field, � the � technical � requirements � for � the � application � of � the � 

blockchain � are � extracted. � In � addition � to � the � general � technologies � such � 

as � distributed � system, � cryptographic � algorithm � and � member � 

management, � the � following � technical � requirements � are � included: � 

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1) � Modularization � and � plug-in: � In � order � to � improve � the � research � and � 

development � efficiency, � maintainability � and � portability � of � blockchain � 

applications, � the � core � functions � of � the � blockchain � system � should � be � 

modular, � configurable � and � extensible � to � facilitate � the � construction � of � 

upper-layer � applications. �  � 

2) � High � performance: � Breakthrough � the � performance � bottlenecks � 

of � existing � blockchain � technologies � to � enhance � the � capacity � of � the � 

blockchain � system � to � meet � the � high-performance � requirements � of � the � 

mainstream � transaction � network. �  � 

3) � Data � consistency: � the � use � of � scientific � and � reasonable � data � 

algorithms � to � reduce � data � synchronization � delay, � ensure � data � 

consistency, � avoid � data � confusion � and � misalignment � and � reduce � the � risk � 

of � accidental � bifurcation. �  � 

4) � Interoperability: � Interoperability � between � different � blockchains � 

requires � efficient � communication � protocols, � unified � API � and � block � data � 

formats � and � efficient � connectivity. �  � 

5) � Economically � reasonable: � to � select � technologies � that � will � meet � 

the � needs � of � the � system � but � to � also � reduce � technical � complexity � and � 

avoid � high � energy � consumptions. �  � 

6) � Security � and � privacy: � to � popularize � the � blockchain � technology, � 

data � storage, � data � transmission � and � data � applications � and � other � aspects � 

of � security � and � privacy � protection � must � be � ensured. �  � 

7) � Safe � and � reliable: � actively � implement � security � and � information � 

technology � strategies � to � give � priority � to � the � use � of � safe � running � 

hardware � and � software � products. � 

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7.1.2 � Blockchain � technology � architecture � 

A � typical � block � chain � technology � architecture, � as � shown � in � Figure � 13, � 

based � on � the � analysis � of � the � existing � blockchain � system � of � technical � 

solutions � and � needs. � 

Figure � 12. � Block � chain � technology � architecture � 

�  � 

7.1.2.1 � Core � technology � components � 

The � core � technology � components � include � the � basic � components, � 

protocols � and � algorithms � on � which � the � block � chain � system � relies. � These � 

are � further � subdivided � into � four � layers � of � communications, � storage, � 

security � mechanism � and � consensus � mechanism. �  � 

A, � communication: � blockchain � is � usually � using � P2P � technology � to � 

organize � the � various � network � nodes, � each � node � communicates � with � 

each � other � through � the � multicast � routing. �  � 

B, � storage: � During � operation � period, � blockchain � data � is � stored � in � 

memory � as � blockchain � data � structures � and � will � ultimately � will � be � stored � 

in � the � database � as � persistent � storage. � For � larger � files, � it � can � also � be � 

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stored � in � the � file � system � outside � the � chain, � while � the � summary � (digital � 

fingerprint) � can � be � saved � to � the � chain � for � self-certification. �  � 

C, � security � mechanism: � through � a � variety � of � cryptographic � principles � 

for � data � encryption � and � privacy � protection � to � ensure � the � security � 

mechanism � of � the � blockchain � system. � For � the � public � chain � or � other � 

blockchain � systems � involving � financial � applications, � high-strength � and � 

reliable � security � algorithms � are � the � basic � requirements � to � achieve � 

national � level � secrecy � and � to � achieve � certain � advantages � in � efficiency. �  � 

D, � consensus � mechanism: � strategies � and � methods � for � achieving � 

agreement � among � nodes � in � a � blockchain � system � should � be � flexibly � 

selected � according � to � different � types � of � systems � and � application � 

scenarios. � 

� 

7.1.2.2 � Core � application � component � 

The � core � application � component � provides � a � unique � application � for � the � 

blockchain � features � allowing � the � use � of � digital � distribution � of � digital � 

assets � through � programming, � through � the � preparation � of � smart � 

contracts � using � scripting � language � to � operate � the � blockchain � assets. � The � 

Incentive � Mechanism � maintains � the � blockchain � system � with � safe � and � 

stable � operation. � The � Alliance � Chain � and � Proprietary � Chain � also � requires � 

supporting � facilities. � 

� 

7.1.2.3 � Supporting � facilities � 

In � the � development � phase, � blockchain � as � a � typical � distributed � system � 

requires � the � necessary � development � tools � and � testing � environment. � In � 

the � production � stage, � an � appropriate � operation, � maintenance � system � 

and � operation � management � functions � must � be � established. �  � 

� 

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At � the � deployment � level, � the � blockchain � system � can � be � deployed � on � a � 

single � server � as � a � node � in � the � chain-to-chain � network. � It � can � also � be � 

deployed � on � multiple � servers � and � joined � as � a � cluster � node � in � a � cluster � 

network. � The � latter � can � improve � the � stability � and � throughput � of � nodes, � 

which � is � more � suitable � for � those � consensus � mechanisms � that � have � 

higher � requirements � for � node � availability. � 

7.1.3 � Cross-chain � 

Based � on � the � dual � consideration � of � credibility � and � privacy � protection, � 

the � system � uses � a � cross-chain � structure, � creates � a � XMC � subchain � based � 

on � the � Ethernet � chain, � and � creates � a � XMC � alliance � chain � based � on � the � 

super � account � book. �  � 

� 

The � XMC � subchain � is � responsible � for � maintaining � all � the � information � of � 

XMCT, � making � all � operations � and � data � of � XMCT � public � and � verifiable, � 

thus � possessing � a � certain � credibility. � 

� 

The � XMC � alliance � chain � is � responsible � for � the � medical � record � 

maintenance � and � sharing, � making � the � information � and � operation � of � the � 

medical � record � only � visible � to � the � owner � of � the � medical � record � and � the � 

sharer � with � the � owner’s � permission. � It � is � to � protect � the � patient's � 

privacy. � The � following � is � a � flow � chart � for � the � patient � to � upload � the � 

medical � record. � It � can � be � seen � that � the � patient's � privacy � is � well � 

protected. � 

� 

� 

� 

� 

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Figure � 13. � Flow � chart � for � the � patient � to � upload � the � medical � record � 

� 

7.1.4 � System � composition � 

Figure � 14. � System � composition � 

� 

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7.1.5 � Key � Technology � of � Block � Chain � Core � 

7.1.5.1 � Consensus � mechanism � Commonly � used � common � mechanism � 

mainly � PoW, � PoS, � DPoS, � Paxos, � PBFT � and � so � on. �  � 

� 

7.1.5.2 � Data � Storing � 

1)Data � Structure � In � the � blockchain � technology, � the � data � is � stored � in � a � 

block-by-block � fashion. � The � blocks � are � generated � and � connected � 

sequentially � in � chronological � order � and � each � block � records � all � the � 

transaction. � information � that � occurred � during � the � creation. � The � data � 

structure � of � a � block � is � generally � divided � into � a � header � and � a � block. � 

Where � the � block � header � is � used � to � link � to � the � previous � block � and � to � 

ensure � the � integrity � of � the � historical � data � through � the � timestamp � 

feature. � The � block � body � contains � all � the � transaction � information � 

generated � during � the � validation � process. � 

� 

2)Database � The � organization � of � the � forms � of � data � structure � is � generally � 

divided � into � two � types, � Key-Value � type � and � relational � database. � Key-

Value � data � structure � organization � is � relatively � simple, � it � can � process � 

large � amount � of � data � request � concurrently � such � as � simple � operation � 

interface � of � basic � read, � write, � modify, � deleteand � also � other � functions. � 

However, � it � does � not � support � complex � SQL � functions � and � transactions. � 

Relational � database � uses � relational � model � to � organize � data � and � 

supports � a � variety � of � SQL � functions, � it � is � functional � and � supports � 

transactions. � However, � the � processing � speed � is � average � and. � Database � 

deployment � is � generally � divided � into � two � types, � single � and � distributed. � 

Single � type � database � ensures � strong � consistency � and � good � availability. � 

Distributed � type � database � models � the � distributed � architecture � in � 

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physical � deployment � , � which � can � provide � high � concurrent � read � and � write � 

performance � and � fault � tolerance � with � strong � usability � and � partition � fault � 

tolerance. � However, � due � to � the � need � of � data � synchronization, � there � is � 

weak � data � consistency � in � the � distributed � architecture � and � can � only � 

guarantee � overall � consistency. � 

� 

7.1.5.3 � Network � protocol � 

Blockchain � network � protocols � generally � use � the � P2P � protocol � to � ensure � 

that � each � computer � in � the � same � network � is � equal � to � each � other, � each � 

node � provides � network � services � without � any � node � being � "special". � 

Different � blockchain � systems � will � make � their � own � P2P � protocols � as � 

needed. � For � example, � Bitcoin � has � a � network � protocol � and � Ethereum � also � 

has � its � own � network � protocol. � 

� 

7.1.5.4 � Encryption � Algorithm � 

� 1)Hash � algorithm �  � 

The � principle � is � to � convert � a � piece � of � information � into � a � fixed � length � and � 

have � the � following � characteristics � of � the � string: �  � 

(1) � If � a � piece � of � information � is � the � same, � then � the � characters � are � the � 

same. �  � 

(2) � Even � if � the � two � pieces � of � information � are � very � similar, � but � as � long � as � 

there � is � difference, � then � the � string � will � be � very � random � and � there � will � be � 

no � correlation � between � the � two � strings. �  � 

� 

2)Asymmetric � encryption � algorithm � The � asymmetric � encryption � 

algorithm � consists � of � a � corresponding � pair � of � unique � keys � (ie, � public � 

and � private � keys). � Anyone � who � learns � the � user's � public � key � can � encrypt � 

the � information � with � the � user's � public � key � and � interact � with � the � user � to � 

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implement � the � security � information. � Because � of � the � existence � of � the � 

public � key � and � the � private � key � between � the � relationship, � only � the � user � 

itself � can � decrypt � the � information, � any � unauthorized � users � and � even � the � 

sender � of � the � information � cannot � decrypt � this � information. � 

� 

7.1.5.5 � Privacy � protection �  � 

At � present, � the � data � transmitted � and � stored � on � the � blockchain � are � all � 

publicly � available � and � a � certain � degree � of � privacy � protection � guaranteed � 

to � the � parties � through � the � "pseudo-anonymous" � approach. � For � certain � 

business � scenarios � involving � a � large � number � of � trade � secrets � and � 

benefits, � the � exposure � of � the � data � does � not � meet � business � rules � and � 

regulatory � requirements. � At � present, � the � industry � generally � believes � that � 

zero � knowledge � proof, � ring � signature � and � holomorphic � encryption � 

technology � is � more � promising � to � solve � the � block � chain � of � privacy � issues. � 

� 

7.1.5.6 � Smart � contract �  � 

A � smart � contract � can � be � viewed � as � a � program � that � can � be � run � 

automatically � on � a � blockchain, � which � covers � programming � languages, � 

compilers, � virtual � machines, � events, � state � machines � and � fault � tolerance � 

mechanisms. �  � 

� 

The � virtual � machine � is � the � operating � environment � of � the � smart � contract � 

in � the � block � chain. � The � virtual � machine � is � not � only � wrapped � in � a � 

sandbox, � but � in � fact � it � is � completely � isolated. � That � is, � the � code � that � runs � 

inside � the � virtual � machine � cannot � access � the � network, � the � file � system, � or � 

other � processes � and � even � between � the � smart � contract � can � only � be � 

limited � calls. �  � 

� 

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Smart � contract � is � essentially � a � procedure, � there � is � the � possibility � of � error � 

and � even � lead � to � serious � problems � or � a � series � of � chain � reactions. � To � 

ensure � that � the � contract � is � executed � within � the � expected � time, � there � 

needs � to � be � a � full � fault-tolerant � mechanism � through � systematic � means, � 

combined � with � an � isolated � operating � environment. � 

7.1.6 � The � unique � security � features � of � block � chain � technology � 

7.1.6.1 � Write � the � security � of � the � data � 

Under � the � effect � of � the � consensus � mechanism, � only � when � the � majority � 

of � nodes � (or � multiple � key � nodes) � of � the � whole � network � think � that � this � 

record � is � correct, � the � authenticity � of � the � record � can � be � recognized � by � 

the � whole � network, � and � the � recorded � data � is � allowed � to � be � written � into � 

the � block. �  � 

� 

7.1.6.2 � Read � the � security � of � the � data �  � 

Blockchains � do � not � have � inherent � information � to � read � security � 

restrictions, � but � can � control � information � reads � to � some � extent, � such � as � 

encrypting � certain � elements � of � a � blockchain, � and � then � passing � the � key � 

to � the � relevant � participant. � At � the � same � time, � the � complex � consensus � 

agreement � to � ensure � that � anyone � in � the � system � to � see � the � books � are � the � 

same, � which � is � an � important � means � to � prevent � double � payment. �  � 

� 

7.1.6.3 � Distributed � Denial � of � Service � (DDOS) � Attack � Resistance �  � 

The � distributed � architecture � of � the � blockchain � gives � its � point-to-point, � 

multi-redundancy � characteristics � and � there � is � no � single � point � of � failure. � 

Therefore, � it � is � much � more � tolerant � to � deal � with � denial � of � service � attacks � 

than � a � central � system. � Even � if � one � node � fails, � the � other � nodes � are � not � 

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affected � and � the � user � connected � to � the � failed � node � cannot � connect � to � 

the � system � unless � there � is � a � mechanism � to � support � them � connecting � to � 

other � nodes. � 

7.2 � Artificial �  � Intelligence(AI) � 

7.2.1 � Technical � category � 

From � the � supply � chain � perspective, � we � divide � the � artificial � intelligence � 

industry � into � three � levels: � the � basic � technology � layer, � the � application � of � 

technology � and � product � service � layer. �  � 

� 

The � basic � technology � layer � includes � artificial � intelligence � chip, � machine � 

learning � algorithm � and � framework � and � other � basic � support � technology. � 

Which � machine � learning � mainly � includes � the � hottest � depth � of � learning � 

and � other � shallow � machine � learning. �  � 

� 

Application � technology � layer � includes � voice � technology, � image � 

technology, � semantic � technology, � robot � technology � so � that � the � machine � 

can � listen, � can � see, � can � think, � can � say, � dynamic � technology. �  � 

� 

Product � service � layer � refers � to � the � products � or � services � that � produce � 

artificial � intelligence � technology � in � a � specific � vertical � industry, � including � 

automatic � driving, � intelligent � security, � intelligent � finance, � intelligent � 

medical � care, � smart � home, � intelligent � robot � (mainly � for � intelligent � 

medical � field). �  � 

� 

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In � the � application � of � technology, � voice � technology � allows � the � machine � 

to � listen � to, � including � speech � recognition � (so � that � the � machine � can � 

listen), � voice � synthesis � (so � that � the � machine � can � say) � etc… � Image � 

technology � including � face � recognition, � image � recognition � and � so � on. � 

Semantic � technology � enables � machines � to � think, � including � text � 

categorization, � information � retrieval, � machine � translation, � Q � & � A � 

systems. � Robot � technology � enables � machines � to � be � active, � including � 

kinematics, � dynamics, � and � navigation. � 

7.2.2 � Technology � implementation �  � 

7.2.2.1 � Basic � Technology � 

TensorFlow � is � the � most � in-depth � learning � framework. � Google � has � also � 

developed � a � dedicated � chip � TPU, � will � improve � the � performance � of � an � 

order � of � magnitude. � The � Google � Cloud � Platform � provides � a � cloud � 

machine � learning � engine � based � on � TensorFlow. �  � 

Microsoft � open � source � of � the � depth � of � learning � toolkit � CNTK, � launched � 

a � cloud � platform � based � on � artificial � intelligence � super � cloud � computer. � 

� 

7.2.2.2 � Application � technology � 

Google � Cloud � Platform � provides � natural � language, � voice, � translation, � 

visual, � video � intelligence � and � other � common � application � technology � 

interface. � Microsoft � Cognitive � Services � (Microsoft � Cognitive � Services) � 

has � a � collection � of � a � variety � of � intelligent � API � and � knowledge � API � 20 � 

kinds � of � tools � available � for � developers � to � call. � 

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7.3 � OCR � automatic � identification � 

Through � enacting � the � template, � the � OCR � automatic � recognition � of � the � 

medical � record � picture � is � realized, � so � that � the � process � of � the � patient � in � 

filling � in � the � medical � record � information � is � automated, � the � user � 

threshold � is � reduced, � and � the � intent � to � use � is � improved. � 

7.4 � Micro-services � 

The � microservice � architecture � solves � the � problem � of � complexity � by � 

decomposing � the � huge � monomer-type � application � into � multiple � service � 

methods. � Within � the � premises � of � unchanged � functions, � the � application � 

is � decomposed � into � multiple � manageable � branches � or � services. � Each � 

service � has � a � clear � boundary � defined � by � RPC- � or � message � driven � API. � 

The � microservice � architecture � model � provides � a � modular � solution � for � 

the � function � difficult � to � be � realized � in � employing � the � monomer-type � 

coding � means. � Therefore, � a � single � service � is � easy � to � be � developed, � 

understood � and � maintained. � 

� 

This � architecture � enables � each � service � to � be � developed � by � a � specialized � 

development � team. � Developers � can � freely � choose � the � development � 

technology � to � provide � API � services. � Of � course, � many � companies � only � 

provide � some � technical � options � because � they � try � to � avoid � disorders. � 

Such � flexibility � implies � that � developers � do � not � have � to � be � forced � to � use � 

the � outdated � technology � employed � at � the � beginning � of � a � project. � 

Instead, � they � can � choose � the � present � technology. � Moreover, � because � 

services � are � relatively � simple, � using � the � current � technology � to � rewrite � 

the � previous � code � is � indeed � not � very � difficult. � 

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� 

The � microservice � architecture � mode � is � the � independent � deployment � of � 

each � microservice. � Developers � no � longer � need � to � coordinate � the � impact � 

of � other � services’ � deployments � on � this � service. � This � change � can � speed � 

up � the � deployment. � UI � team � can � use � AB � tests � to � realize � quick � 

deployment � changes. � The � microservice � architecture � mode � makes � 

continuous � deployment � possible. � The � microservice � architecture � mode � 

enables � each � service � to � expand � independently. � You � can � deploy � the � scale � 

to � meet � the � demand � according � to � the � scale � of � each � service. � Even � you � 

can � use � hardware � that � is � more � suitable � for � service � resource � 

requirements. � For � example, � you � can � deploy � CPU � sensitive � service � on � EC2 � 

Compute � Optimized � instances � while � deploy � memory � database � on � EC2 � 

memory- � optimized � instances. � 

� 

XMC � super � account � book � service, � XMC � Ethernet � service, � XMC � store � 

service, � OCR � identification � service, � Captcha � service, � EMail � service � and � 

SMS � service � are � all � realized � in � the � pattern � of � microservice � with � no � 

connection. � The � coupling � relationships � of � various � partsin � the � system � are � 

completely � removed, � the � logical � relationshipsof � various � parts � are � 

simplified. � As � a � result, � the � data � handling � capacity � of � the � system � is � 

guaranteed � effectively. � 

� 

With � the � development � of � the � system, � the � amount � of � data � will � increase � 

significantly, � and � the � demand � for � operational � capabilities � will � increase � 

synchronously. � The � architecture � of � microservice � enables � the � system � to � 

increase � processing � capability � linearly � to � meet � the � requirements. � 

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7.5 � Docker � conversion � 

Various � service � functions � employ � docker � conversion, � which � has � the � 

following � characteristics: � 

7.5.1 � Continuous � deployment � and � test �  � 

Docker � has � great � attraction � in � the � world � of � development, � operation � and � 

maintenance, � because � it � can � maintain � the � cross-environment � 

consistency. � In � the � life � cycle � of � development � and � release, � different � 

environments � have � subtle � differences, � which � might � be � caused � by � the � 

versions � and � dependencies � of � different � installation � packages. � However, � 

Docker � can � solve � this � problem � by � ensuring � environment � consistency � in � 

the � whole � process � from � development � to � product � release. � The � Docker � 

container � maintains � all � configurations � and � dependencies � within � itself. � 

Ultimately, � you � can � use � the � same � container � throughout � the � entire � 

process � from � development � to � product � release, � so � as � to � ensure � that � 

there � is � no � difference � or � manual � intervention. � 

� 

With � Docker, � you � can � also � ensure � that � developers � do � not � need � to � 

configure � exactly � the � same � product � environment, � instead � they � can � build � 

virtual � machines � on � their � own � systems � through � VirtualBox � to � run � the � 

Docker � container. � The � charm � of � Docker � is � that � it � also � allows � you � to � run � 

the � same � container � on � Amazon � EC2 � instance. � If � you � have � to � complete � 

an � upgrade � in � a � product � release � cycle, � you � can � easily � put � things � that � 

need � to � be � changed � into � the � Docker � container, � test � them, � and � make � the � 

same � changes � to � the � container � that � you � already � possess. � This � flexibility � 

is � a � major � benefit � of � using � Docker. � Just � the � same � as � the � standard � 

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deployment � and � integration � processes, � Docker � enables � you � to � build, � 

test, � and � publish � mirrors � that � can � be � deployed � across � multiple � servers. � 

Even � if � a � new � security � patch � is � installed, � the � whole � process � is � the � same � 

as � well. � You � can � install � the � patch, � then � test � it, � and � release � the � patch � to � 

the � product. � 

� 

7.5.2 � Multiple-cloud � platform �  � 

One � of � the � greatest � benefits � of � Docker � lies � in � the � transportability. � Over � 

the � past � few � years, � all � mainstream � cloud � computing � providers, � including � 

Amazon � AWS � and � Google � GCP, � have � integrated � Docker � into � their � 

platforms � and � increased � their � own � supports. � The � Docker � container � can � 

be � operated � on � the � platforms � providing � mainframe � service � system, � such � 

as � Amazon's � EC2 � instances, � Google's � GCP � instances, � Rackspace � servers, � 

or � VirtualBox. � For � example, � if � the � Docker � container � running � on � an � 

Amazon � EC2 � instance � can � easily � be � transplanted � to � several � other � 

platforms, � such � as � VirtualBox, � and � achieves � similar � consistency � and � 

functionality, � it � will � allow � you � to � abstract � it � from � the � infrastructure � layer. � 

In � addition � to � AWS � and � GCP, � Docker � also � runs � very � well � in � other � 

different � IaaS � providers, � such � as � Microsoft's � Azure, � OpenStack, � and � Chef, � 

Puppet, � and � Ansible, � which � can � be � used � by � managers � with � different � 

configurations. � 

� 

7.5.3 � Environment � standardization � and � version � control �  � 

Through � the � process � described � above, � Docker � container � can � ensure � 

consistency � in � different � development � and � product � release � lifecycles, � so � 

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as � to � further � standardize � your � environment. � In � addition � to � that, � the � 

Docker � container � can � also � allow � you � to � submit � changes � to � Docker � 

mirrors � and � manage � them � through � different � versions, � just � like � git � 

warehouse. � Imagine � that � if � you � damage � your � entire � environment � 

because � you � have � upgraded � a � component, � Docker � can � allow � you � to � 

easily � roll � back � to � the � version � previous � to � the � mirror. � This � whole � process � 

can � be � completed � in � a � few � minutes, � and � if � it � is � compared � to � a � virtual � 

machine � backup � or � a � mirror � creation � process, � the � Docker � is � quite � fast. � It � 

allows � you � to � copy � and � achieve � redundancy � quickly. � In � addition, � starting � 

Docker � is � as � fast � as � running � a � process. �  � 

� 

7.5.4 � Isolation �  � 

Docker � can � make � sure � that � your � application � is � separated � from � resources. � 

Docker � ensures � that � each � container � has � its � own � resources � and � is � 

isolated � from � other � containers. � You � can � use � different � containers � to � run � 

applications � using � different � stacks. � In � addition, � if � you � want � to � delete � 

some � applications � directly � on � the � server, � it � is � relatively � difficult, � because � 

this � can � lead � to � dependency � conflicts. � However, � Docker � can � give � you � 

assistance � and � ensure � that � the � application � is � completely � eliminated. � 

Because � different � applications � run � on � different � containers, � and � if � you � no � 

longer � need � an � application, � you � can � simply � delete � the � application � 

through � deleting � the � container � and � have � no � temporary � file � or � 

configuration � file � on � your � host � operating � system. �  � 

� 

In � addition � to � the � above � benefits, � Docker � can � also � ensure � that � each � 

application � uses � only � the � resources � allocated � to � it � (including � CPU, � 

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memory � and � disk � space). � the � special � software � application � will � not � use � all � 

your � available � resources, � as � it � might � cause � performance � degradation � 

and � even � stop � other � applications � from � working � if � it � does � so. � 

� 

7.5.5 � Safety �  � 

From � the � perspective � of � safety, � Docker � ensures � the � application � in � the � 

container � to � be � completely � isolated � with � the � applications � in � other � 

containers, � giving � you � complete � control � power � in � communication � flow � 

and � management. � Docker � container � can � not � peep � at � processes � running � 

in � other � containers. � From � an � architectural � point � of � view, � each � container � 

uses � its � own � resources � only � (from � process � to � network � stack). �  � 

� 

As � a � means � of � fastening � and � safety, � Docker � regards � the � sensitive � mount � 

points � (such � as � /proc � and � /sys) � on � the � host � operating � system � as � read-

only � mount � points, � and � uses � a � write � - � time � copying � system � to � ensure � 

that � the � container � does � not � read � the � data � of � other � containers. � Docker � 

also � restricts � some � system � calls � on � host � operating � system, � and � runs � well � 

with � SE � Linux � and � App � Armor. � In � addition � to � that, � the � Docker � images � 

available � on � Docker � Hub � are � ensured � of � their � reliability � by � digital � 

signature. � Because � the � Docker � container � is � isolated � and � the � resource � is � 

limited, � even � if � one � of � your � applications � is � hacked, � it � will � not � affect � the � 

application � that � runs � on � other � Docker � containers. � 

� 

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8. � Roadmap � & � Long-Term � Development � Goals � 

Figure � 15. � Roadmap � 

�  � 

Figure � 16. � Long-Term � Development � Goals � 

� 

�  � 

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9. � Fund � Raising � and � Application � Plan � 

9.1 � XMCT � mechanism � 

XMCT � is � issued � by � initial � coin � offering � (ICO) � with � an � upper � limit � set, � 

which � accounts � for � 11.4% � of � the � total � tokens � generated. � For � more � 

information, � see � Chapter � below. � XMCT � total � supply � will � be � set � as: � 

700,000,000 � XMCT. � 11.4% � tokens � will � be � used � in � ICO � public � sale. � The � 

price � is � 0.1 � USD � Dollar � for � 1 �  � XMCT. � 

9.2 � XMCT � sale � structure � 

•  Hard � Cap: � USD � 8M � 

•   XMCT � will � be � allocated � to � early � purchasers � 

� 

Private � Seed �  � 

•   $2M � (Invite � Only) � 

� 

Private � Pre-sale � 

•   $4M � (Invite � Only) � 

Please � Advise � XMC � Team � of � the � private � presale � bonus � Structure � 

� 

Public � Pre-sale � 

•   $2M, � 15% � Bonus � 

•   50% � Principle � lockup � for � 3 � months � 

•   Bonus � Lockup � for � 3 � months �  � 

•   Individual � 2ETH � - � 50ETH � 

� 

� 

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9.3 � XMCT � details � 

• � The � XMCT � sale � will � have � a � hard � cap � of � USD � 8M �  � 

• � Based � on � the � ETH � smart � contract �  � 

• � The � exchange � rate � between � XMCT � and � ETH � based � on � the � exchange � 

rate � as � issued � by � coinmarketcap.com � on � 8am � Hong � Kong � time � of � the � 

day, � your � amounts � of � XMCT � will � be � confirmed � by � email � notifications. � 

9.4 � XMCT � total � usage � analysis � 

Tokens � issued � will � be � distributed � as � follows: �  � 

• � 11.4% � traded � token � funds � are � owned � by � the � foundation �  � 

• � 63.6% � reserved � tokens � are � held � by � the � foundation � for: � 

�  �  �  � --33.6% � for � the � sustained � development � of � the � foundation � 

�  �  �  � --30% � for � the � ecological � deployment �  � 

• � 15% � owned � by � all � employees � of � the � foundation �  � 

• � 10% � owned � by � the � early � purchasers � 

*30% � of � the � foundation's � savings � tokens � are � not � for � sale � for � 24 � months. �  � 

*The � XMCT � held � by � the � early � purchasers � shall � not � be � sold � for � 6 � months. �  � 

*Foundation � employees � hold � XMCT � sharing � a � turnover � period � of � 12 � 

months, � with � a � quarterly � turnover � of � 25% � and � are � not � to � be � sold � for � 6 � 

months. � 

� 

9.5 � Capital � usage � budget � 

• � 5% � - � Legal � & � related � administration � fees � on � token � sale � raising. � 

• � 10% � - � Domestic � and � international � publicity � & � Ecological � Construction �  � 

• � 30% � - � R&D � team � expansion � 

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• � 25% � - � Marketing � usage � 

• � 30%- � Build � offline � payment � networks � in � different � countries � to � speed � 

up � users � acquisition � 

� 

�  � 

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10. � Risk � Factors � 

There � are � a � number � of � risks � involved � in � this � token � sale, � as � well � as � the � 

future � development, � maintenance � and � running � of � XMC. � Some � of � these � 

risks � are � beyond � our � control � and � our � liability � is � limited � as � set � out � in � the � 

Disclaimers � in � Chapter � 12 � below. � Each � purchaser � should � comprehend, � 

consider � and � evaluate � carefully � the � risks � described � below � in � addition � to � 

any � other � available � information � before � committing � to � the � XMC. � 

Each � purchaser � should � pay � particular � attention � to � the � fact � that � the � XMC � 

does � not � have � any � specific � physical � presence. � In � addition, � the � legal � and � 

regulatory � position � of � the � XMC �  � may � vary � depending � on � the � facts � and � 

circumstances. � They � may � therefore � fall � within � the � purview � of � one � or � 

more � jurisdictions, � at � least � to � some � extent, � and � the � legal � and � regulatory � 

implications � may � therefore � be � unexpected. � 

Participation � in � the � token � sale � shall � be � taken � as � an � action � after � careful � 

and � prudent � analysis � and � evaluation, � and � will � be � deemed � as � the � relevant � 

purchaser � having � been � fully � informed, � advised � and � willing � to � bear � all � of � 

the � risks � associated � with � it. �  � 

10.1 � Amendment � or � Termination � of � the � Token � sale � 

At � the � date � of � the � Terms � and � Conditions, � we � are � still � seeking � legal � 

advice � on � a � number � of � matters � including � but � not � limited � to � the � 

governance � structure, � operational � plan � and � the � Token � sale � process. � 

Pending � such � advice, � some � or � all � aspects � of � the � Terms � and � Conditions, � 

the � White � Paper � and � other � materials � may � need � to � be � amended, � as � 

announced � on � the � Website. � The � purchaser � should � be � aware � of � the � risks � 

associated � with � any � possible � changes, � which � may � have � adverse � effects � 

on � the � utility � and � legitimacy � of � the � XMC. � 

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10.2 � Token � Risk � 

XMC � has � no � intention � of � being � an � investment � platform. � XMCT � are � not � 

securities, � nor � are � they � intended � to � resemble � a � security � (debt � or � equity) � 

in � any � form � of � any � jurisdiction. � XMCT � is � the � digital � currency � that � drives � 

users � to � use � the � products � in � the � platform. � Holders � of � the � XMCT � will � not � 

be � entitled � to � any � dividends � or � distribution � by � the � company � nor � are � 

they � empowered � with � any � management � rights � over � the � platform � and � 

the � company. � 

10.3 � Project � Risk � 

The � same � as � any � project, � the � development � and � execution � of � XMC � may � 

have � the � risk � of � delay � or � even � failure. � Although � the � core � team � has � a � 

good � record � in � research � and � development � and � business � management � 

experience, � this � is � not � a � guarantee � for � success. � The � team � will � strive � to � 

implement � milestones � outlined � in � the � project � roadmap � and � will � publish � 

our � progress � and � challenges � as � transparently � as � possible. � 

10.4 � Digital � Coin � Risk � 

The � volatility � of � digital � coin � is � dramatic. � Please � do � not � buy � XMCT � over � 

the � amount � you � can � accept. � The � best � thing � to � do � is � to � diversify � your � 

portfolio � and � make � digital � coin � a � reasonable � part � of � your � assets. � This � 

however � does � not � constitute � an � investment � advice. � Like � any � blockchain, � 

please � take � the � time � to � understand � our � projects � and � visions. � Our � goal � is � 

to � for � purchasers � from � like-minded � people � who � want � to � actively � 

participate � in � our � open � research � platform. � 

� 

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10.5 � Regulatory � Risk � 

Cryptographic � tokens � may � be � overseen � by � the � legal � and � regulatory � 

authorities � of � a � number � of � jurisdictions � globally. � The � XMCT � may � receive � 

notices, � queries, � warnings, � requests � or � rulings � from � one � or � more � 

authorities � upon � short � notice, � or � may � even � be � ordered � to � suspend � or � 

terminate � any � action � in � connection � with � the � token � sale � as � a � whole � 

without � prior � notice. � Furthermore, � many � aspects � of � the � token � sale � also � 

involve � untested � areas � of � law � and � regulation, � and � could � be � subject � to � 

new � laws � or � regulations. � Therefore, � their � legal � and � regulatory � outcome � 

in � all � relevant � jurisdictions � is � not � possible � to � predict. � The � planning, � 

development, � marketing, � promotion, � execution � or � otherwise � of � XMC � or � 

the � token � sale � may � be � seriously � affected, � hindered, � postponed � or � 

terminated � as � a � result � of � such � new � laws � and/or � regulations. � Since � 

regulatory � policies � can � change � with � or � without � prior � notice, � any � existing � 

regulatory � permissions � for � or � tolerance � of � XMC � or � the � Token � sale � in � any � 

jurisdiction � may � be � withdrawn � without � warning. � XMCT � could � be � 

deemed � from � time � to � time � as � a � virtual � commodity, � a � digital � asset � or � 

even � as � money, � securities � or � currency � in � various � jurisdictions � and � 

therefore � could � be � prohibited � from � being � sold, � purchased, � traded, � 

distributed � or � held � in � certain � jurisdictions � pursuant � to � local � regulations. � 

In � turn, � XMCT � could � be � deemed � to � be � a � regulated � or � restricted � product. � 

There � is � no � guarantee � that � XMCT � and � XMC � can � maintain � any � particular � 

legal � or � regulatory � status � in � any � particular � jurisdiction � at � any � time. � 

The � regulatory � environment � for � blockchain � and � digital � coin � is � still � at � an � 

early � stage � of � development. � We � will � do � our � utmost � to � comply � with � the � 

development � of � all � legal � and � regulatory � policies, � but � we � cannot � foresee � 

how � the � regulations � will � affect � our � project � and � platform � development. � 

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We � will � strictly � comply � with � relevant � laws � and � regulations, � including, � but � 

not � limited � to, � real � estate, � finance, � securities � and � other � related � laws � and � 

regulations. � In � the � presence � or � occurrence � of � relevant � registration, � 

approval, � filing � and � other � procedures, � XMC � will � strictly � follow � the � 

procedures � to � perform � the � relevant � procedures. � At � the � same � time, � XMC � 

will � strictly � comply � with � the � current � laws � and � regulations � relating � to � 

promoters’ � restrictions � and � foreign � exchange � control. � 

In � any � area � where � XMC � carries � out � the � relevant � blockchain � business, � we � 

will � comply � with � local � laws � and � regulations, � including, � but � not � limited � to, � 

registration, � approval, � filing � and � other � related � procedures. � 

In � addition, � there � may � be � other � regulatory � requirements � in � relation � to � 

the � services � available � on � the � XMC, � such � as � licencing. � We � cannot � 

guarantee � such � licences � would � be � granted � but � we � will � use � our � best � 

effort � to � obtain � any � necessary � licence � in � order � to � comply � with � any � 

regulatory � requirements. � 

10.6 � Limited � Availability � of � Sufficient � Information � 

The � XMC � is � still � at � an � early � development � phase � as � of � the � date � of � the � 

Terms � and � Conditions. � Its � governance � structure, � fees, � purpose, � 

consensus � mechanism, � algorithm, � code, � infrastructure � design � and � other � 

technical � specifications � and � parameters � may � be � updated � and � changed � 

frequently � without � notice. � While � the � White � Paper � contains � the � key � 

information � currently � available � in � relation � to � XMC, � it � is � subject � to � 

adjustments � and � updates � from � time � to � time, � as � announced � on � the � 

Website. � Purchasers � will � not � have � full � access � to � all � the � information � 

relevant � to � XMCT. � Nevertheless, � given � the � nature � of � the � XMC, � it � is � 

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anticipated � that � significant � milestones � and � progress � reports � will � be � 

announced � on � the � website, � together � with � purchase � options � as � 

applicable. �  � 

10.7 �  Immediate �  Use �  of �  Token �  sale �  Proceeds �  and �  No � 

Refund � Policy � 

Initially � we � will � operate � with � limited � funding � and � will � therefore � rely � 

heavily � on � the � token � sale � proceeds � raised � in � the � token � sale � in � order � to � 

operate � and � develop � the � XMC. � By � participating � in � the � Token � sale, � you � 

acknowledge � that � we � shall � be � entitled � to � utilize � the � proceeds � raised � 

immediately � and, � in � the � event � that � the � development � of � the � XMC � is � 

terminated � for � whatever � reason, � you � will � not � be � entitled � to � refund � of � the � 

part � of � the � proceeds � that � were � spent � already. �  � 

10.8 � Cryptographic � Protections � 

Cryptography � is � evolving � and � there � can � be � no � guarantee � of � security � at � 

all � times. � Advancement � in � cryptography � technologies � and � techniques, � 

including � but � not � limited � to � code � cracking, � the � development � of � artificial � 

intelligence � and/or � quantum � computers, � could � be � identified � as � risks � to � 

all � cryptography-based � and/or � blockchain � based � systems � including � 

XMCT � and � XMC. � When � such � technologies � and/or � techniques � are � applied � 

to � XMCT � and � XMC, � adverse � outcomes � such � as � theft, � loss, � disappearance, � 

destruction, � devaluation � or � compromising � of � XMC � may � result. � The � 

security � of � XMCT � and � XMC � cannot � be � guaranteed � as � the � future � of � 

cryptography � or � security � innovations � is � unpredictable. � 

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10.9 � Abandonment � or � Development � Failure � 

Due � to � the � technically � complex � nature � of � the � XMC, � we � could � face � 

difficulties � from � time � to � time � that � may � be � unforeseeable � and/or � 

unresolvable. � Accordingly, � the � development � of � XMC � could � fail, � 

terminate � or � be � delayed � at � any � time � for � any � reason � (including � but � not � 

limited � to � a � lack � of � funds). � Development � failure � or � termination � may � 

render � XMCT � not � transferable, � of � reduced � or � no � utility � whatsoever, � 

and/or � obsolete. � 

10.10 � Theft � of � Token � sale � Proceeds � 

There � may � be � attempts � to � steal � the � Token � sale � proceeds. � Such � theft � or � 

attempted � theft � may � impact � our � ability � to � fund � the � development � or � 

maintenance � of � XMCT � and � XMC. � While � we � will � endeavour � to � adopt � 

industry � best � practices � to � keep � the � Token � sale � proceeds � safe � (including � 

but � not � limited � to � the � use � of � cold � storage � and � multi-signature � 

authentications), � successful � cyber � thefts � may � still � occur. � 

10.11 � Flaw � in � the � Source � Code � 

While � we � adopt � quality � assurance � procedures � to � help � ensure � the � source � 

codes � as � accurately � as � possible � reflect � their � intended � operation, � the � 

flawlessness � of � the � source � codes � cannot � be � guaranteed. � They � may � 

contain � bugs, � defects, � inconsistencies, � flaws � or � errors, � which � may � 

disable � some � functionality, � create � vulnerabilities � or � cause � instability. � 

Such � flaws � may � compromise � the � predictability, � usability, � stability, � and/or � 

security � of � the � XMCT � and � XMC. � Open � source � codes � rely � on � transparency � 

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to � promote � community-sourced � identification � and � solution � of � problems � 

within � the � code. � 

10.12 � Unpermissioned, � decentralized � and � 

autonomous � ledger � 

The � XMC � is � being � developed � to � serve � various � distributed � ledger � systems � 

including � but � not � limited � to � Ethereum, � which � are � unpermissioned � 

protocols � that � could � be � accessed � and � used � by � anyone. � In � addition � to � the � 

use � of � decentralized � ledgers, � we � intend � to � make � use � of � supporting � 

technologies � that � also � operate � on � decentralized � ledgers. � The � utility � and � 

integrity � of � the � XMC � relies � on � the � stability, � security � and � popularity � of � 

these � decentralized � ledgers. � XMC � is � envisaged � to � be � an � open, � 

decentralized � community � and � its � composition � can � include � users, � 

supporters, � developers, � XMCT � holders � and � other � participants � worldwide � 

who � may � or � may � not � be � connected � with � us � in � any � manner. � Given � the � 

diversity � of � the � underlying � technologies, � the � XMC � is � intended � to � be � 

decentralized � and � autonomous � in � nature � as � far � as � its � maintenance, � 

governance � and � evolution � are � concerned. �  � 

10.13 � Compromised � Security � 

The � XMC � relies � on � open � source � software � and � unpermissioned � 

decentralised � distributed � ledgers � including � but � not � limited � to � Ethereum. � 

Accordingly, � anyone � may � intentionally � or � unintentionally � compromise � 

the � core � infrastructural � elements � of � XMC � and � its � underlying � 

technologies. � This � may � consequently � result � in � the � loss � of � any � digital � 

tokens � held � on � the � XMC � wallet � and � may � cause � the � utility � of � XMCT � to � fall. �  � 

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10.14 � “Distributed � Denial � of � Service” � Attacks � 

As � an � open � source � project, � XMC � is � connected � to � a � number � of � public � and � 

unpermissioned � systems � and � therefore � may � suffer � cyber-attacks, � 

including � “distributed � denial � of � service” � at � any � time. � These � attacks � 

may � temporarily � or � permanently � impair, � stagnate � or � paralyze � the � 

network � of � the � XMC � system. � This � may � result � in � delays � to � the � recording � 

of � transactions � or � inclusion � of � transactions � in � the � blocks � of � the � relevant � 

blockchain. � In � severe � cases, � XMC � may � also � become � unusable � for � an � 

extensive � and � undefined � period � of � time. �  � 

10.15 � Inadequacy � of � Processing � Power � 

The � ramp � up � of � the � XMC � may � be � accompanied � by � sharp � increases � in � 

transaction � numbers � and � demand � for � processing � power. � If � the � demand � 

for � processing � power � outgrows � that � forecasted, � the � network � of � the � XMC � 

could � be � destabilized � and/or � stagnated. � This � may � create � opportunities � 

for � fraudulent � activities � including � but � not � limited � to � false � or � 

unauthorized � transactions � (such � as � “double-spending”) � to � arise. � All � 

these � may � adversely � impact � the � usability, � stability � and � security � of � the � 

XMC. � 

� 

� 

� 

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10.16 � Unauthorized � Claim � of � XMCT � 

XMCT � can � be � claimed � in � bad � faith � by � any � person � who � successfully � gains � 

access � to � the � holder’s � wallet, � email � or � if � applicable, � the � purchasers � 

account � they � have � registered � on � the � Website. � This � can � be � as � a � result � of � 

deciphering � or � cracking � the � holder’s � password � or � private � key, � phishing � 

scams � and/or � other � hacking � techniques. � Subsequently, � these � XMCT � may � 

be � sent � to � anyone � and � such � remittance � is � not � revocable � or � reversible. � It � 

is � recommended � that � all � XMCT � holders � should � take � appropriate � security � 

measures � to � safeguard � their � wallets � (including � but � not � limited � to � the � use � 

of � two-factor � authentication). � Each � XMC � holder � is � responsible � for � the � 

security � of � their � wallet � and � email � on � the � Website � at � all � times. � 

10.17 � Loss � of � Private � Key � 

The � loss � or � destruction � of � a � private � key � will � permanently � and � irreversibly � 

deny � the � holder � access � to � their � XMC. � XMC � are � controlled � only � by � the � 

validation � of � both � the � relevant � unique � public � and � private � keys � through � 

the � local � or � online � wallet. � While � it � is � recommended � that � all � XMC � holders � 

protect � and � securely � store � their � private � keys, � each � holder � is � responsible � 

for � safeguarding � the � private � keys � applicable � to � their � own � wallets. �  � 

10.18 � Forking � 

The � XMCT � is � developed � on � the � Ethereum � blockchain, � which � is � an � open � 

source � protocol. � Once � released � to � the � open � source � community, � anyone � 

may � develop � a � patch � or � upgrade � for � the � source � code � of � Ethereum � 

without � prior � permission � by � anyone � else. � The � acceptance � of � patches � or � 

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upgrades � by � a � significant, � but � not � necessarily � overwhelming � percentage � 

of � the � Ethereum � holders � could � result � in � a � “fork” � in � the � Ethereum � 

blockchain. � 

The � temporary � or � permanent � existence � of � forked � blockchains � could � 

adversely � impact � the � operation � of � XMC � and � the � utility � of � XMCT. � Such � a � 

fork � can � undermine � the � sustainability � of � XMC � ecosystem, � and � may � 

destroy � or � frustrate � the � XMC. � While � a � fork � in � the � blockchain � could � 

possibly � be � rectified � by � community-led � efforts � to � re-merge � the � two � 

separate � branches, � success � is � not � guaranteed � and � could � take � an � 

undetermined � amount � of � time � to � achieve. � 

10.19 � Popularity � 

The � utility � of � XMCT � is � dependent � on � the � popularity � of � the � XMC. � XMCT � 

may � not � be � popular, � prevalent � or � widely � distributed � after � the � Token � 

Launch. � XMCT � may � remain � marginalized � in � the � long � run, � appealing � to � 

only � a � minimal � fraction � of � users. � Also, � it � may � be � the � case � that � 

speculators � could � end � up � being � key � drivers � of � XMCT � demand. � An � 

absence � of � active � users � or � low � level � of � utilization � may � negatively � affect � 

the � long-term � development � and � future � of � the � XMC, � and � reduce � or � 

obviate � the � utility � of � XMCT. �  � 

10.20 � Market � Liquidity � 

After � the � Token � Launch, � we � are � not � responsible � for � the � subsequent � 

circulation � and � trading � (if � any) � of � XMCT. � XMCT � is � not � money, � legal � 

tender � or � currency, � fiat � or � otherwise, � issued � by � any � individual, � entity, � 

central � bank � or � national, � supra-national � or � quasi-national � organization, � 

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nor � is � it � backed � by � any � type � or � quantity � of � assets, � property � or � credits, � 

nor � does � it � represent � any � entitlement � to � any � distributions � of � profits, � 

dividends, � or � any � other � returns � or � payments � of � any � kind. � The � utility � of � 

XMCT � is � solely � based � on � the � views � expressed � by � buyers � and � sellers. � We � 

have � no � obligation � nor � anyone � else � to � redeem, � repurchase � or � acquire � 

any � XMCT � from � any � XMCT � holder. � There � is � no � guarantee � or � assurance � 

that � there � may � be � a � market � where � holders � may � readily � trade � XMCT. �  � 

10.21 � Price � Volatility � 

The � circulation � of � XMCT � is � not � our � responsibility, � and � we � will � not � 

support � or � otherwise � facilitate � the � secondary � trading � of � XMCT. � As � a � 

result, � XMCT � may � not � circulate � freely � or � widely, � and � may � not � be � listed � 

on � any � secondary � markets. � 

Many � cryptographic � tokens � have � volatile � prices. � Even � if � XMCT � do � 

circulate � on � secondary � markets, � large � fluctuations � in � price � over � short � 

timeframes � may � occur. � Such � fluctuations � could � result � from � market � 

dynamics � (including � but � not � limited � to � speculations), � regulatory � 

changes, � technical � advancements, � exchange � availabilities � and � other � 

factors � that � impact � the � equilibrium � between � token � supply � and � demand. � 

10.22 � XMC’s � Exposure � to � Cryptographic � Tokens � 

After � the � completion � of � this � Token � sale, � we � expect � that � a � certain � portion � 

of � the � proceeds � may � be � converted � into � and/or � held � in � other � 

cryptocurrencies � or � cryptographic � utility � tokens. � For � the � avoidance � of � 

doubt, � no � XMCT � holder � has � any � right, � title � or � interest � in � any � such � 

cryptographic � tokens. � 

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10.23 � Conflict � of � Interests � 

As � the � initial � supplier � and � architect � of � the � XMC, � we � have � substantial � 

influence � in � the � set-up, � governance � and � initial � operations � of � the � XMC. � 

We � may � undertake � its � activities, � and � exercise � applicable � rights, � powers � 

and � remedies, � even � if � this � involves � an � actual � or � perceived � conflict � of � 

duty, � or � any � person � has � a � personal � interest � in � their � exercise. � 

10.24 � Potential � Concentrated � Ownership � of � XMCT � 

Immediately � after � the � completion � of � the � Token � sale, � a � number � of � 

individuals, � including � but � not � limited � to � the � directors, � advisors � and � early � 

our � early � backers � may � directly � or � indirectly � own � significant � proportion � 

of � total � available � XMCT. � These � significant � XMCT � holders � may, � acting � 

alone � or � in � concert, � not � necessarily � make � decisions, � such � as � holding � 

most � of � the � XMCT � to � themselves, � that � are � in � the � best � interests � of � the � 

other � XMCT � holders � or � the � wider � XMC � community � as � a � whole. � 

10.25 � Potential � Competitors � 

The � XMC’s � underlying � infrastructural � systems � will � utilise � public � 

decentralized � ledger � which � are � open � source � in � nature. � Therefore, � 

anyone � can � copy, � replicate, � change, � enhance, � reproduce, � re-engineer, � 

modify, � reprogram � or � otherwise � utilize � the � source � code � and/or � 

underlying � protocol � of � the � XMC.We � cannot � guarantee � the � prevention � of � 

competitors � from � entering � the � market � with � similar � technology. �  � Should � 

this � happen, � such � competitors � may � consequently � compete � with � or � even � 

outperform � the � XMC, � and � may � render � the � XMC � obsolete. � There � have � 

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been � and � will � continue � to � be � a � number � of � competing � blockchain-based � 

platforms � that � dedicate � significant � human, � information � technology � and � 

financial � resources � to � the � creation � and � deployment � of � various � 

decentralized � applications � and/or � smart � contracts. �  � 

10.26 � Third � Party � Developors � and � Suppliers � 

By � virtue � of � its � decentralized � factor, � XMC � will � aggregate � systems � and � 

contents � from � third � parties. � These � will � be � provided � by � third � parties, � 

including � users � of � the � XMCT � community, � or � shall � be � from � other � 

decentralized � ledger � projects � or � open � source � technologies. � Some � or � all � 

of � these � third-party � applications, � programs � or � services � may � connect � into � 

or � be � set � up � on � XMC � which � are � beyond � our � restriction, � vetting, � 

authorization � or � control. � We � neither � intend � nor � have � the � capabilities � to � 

act � as � an � authority � to � scrutinize � to � any � extent � any � applications, � 

programs � or � services � to � be � developed � on, � connected � to � or � otherwise � 

associated � with � the � XMC. �  � 

10.27 � Potential � Misuse � of � XMC � its � Technologies � and � 

Brand � 

Services � or � programs � which � may � be � banned, � restricted � or � deemed � 

immoral � in � certain � jurisdictions, � such � as � gambling, � betting, � sweepstake, � 

pornography, � terrorism, � hate � crime � and � otherwise, � could � take � 

advantage � of � the � unpermissioned � nature � of � XMC � to � develop, � promote, � 

market � or � operate. � Regulators � of � a � number � of � jurisdictions � may � 

accordingly � take � administrative � or � judicial � actions � against � such � 

programs, � applications, � services � or � even � the � relevant � developers � or � 

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users � thereof. � Any � penal � action, � sanction, � crackdown � or � other � regulatory � 

effort � made � by � any � government, � quasi-government, � authority � or � public � 

body � (including � but � not � limited � to � any � regulatory � body � of � any � 

jurisdiction) � may � significantly � deter � existing � or � potential � users � away � 

from � using � XMC � or � holding � XMCT. � In � such � circumstances, � the � prospects � 

and � viability � of � XMC � may � be � negatively � impacted. � There � is � no � guarantee � 

that � the � XMC � will � be � free � from � all � inappropriate, � illegal � or � immoral � use � 

at � any � time. � 

10.28 � Privacy � and � Data � Retention � Issues � 

As � a � part � of � the � Token � sale, � the � KYC � processes � and � the � subsequent � 

operation � of � the � XMC, � we � may � collect � personal � information � from � 

purchasers. � The � collection � of � such � information � is � subject � to � applicable � 

laws � and � regulations. � All � information � collected � will � be � used � for � purposes � 

of � Token � sale � and � operations � of � the � XMC, � thus � it � may � be � transferred � to � 

contractor, � service � providers � and � consultants � worldwide � as � appointed � 

by � us. � Apart � from � external � compromises, � we � and � our � appointed � entities � 

may � also � suffer � from � internal � security � breach � whereby � their � employees � 

may � misappropriate, � misplace � or � lose � personal � information � of � 

purchasers. � We � may � be � required � to � expend � significant � financial � 

resources � to � alleviate � problems � caused � by � any � breaches � or � losses, � settle � 

fines � and � resolve � inquiries � from � regulatory � or � government � authorities. � 

Any � information � breaches � or � losses � will � also � damage � our � reputation, � 

thereby � harming � our � long-term � prospects. �  � 

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10.29 � General � Risks � Relating � to � the � Use � of � the � Internet � 

or � Other � Electronic � Medium � 

Without � limiting � the � foregoing � risks, � any � communication � or � transaction � 

via � or � information � (including � any � document) � transmitted � via � the � internet � 

or � other � electronic � medium � involves � risks � and � by � participating � in � the � 

Token � sale � or � utilizing � the � XMC, � you � acknowledge � that � you � understand � 

and � accept � the � following � risks: �  � 

�  � 

� �  �  �  �  �  � We � and/or � Third � Parties � may � use � such � authentication � technologies � 

as � we � deem � appropriate. � No � authentication, � KYC � or � computer � 

security � technology � is � completely � secure � or � safe. � You � agree � to � bear � 

all � risks � of � unauthorized � access/use, � hacking � or � identity � theft. � 

�  � 

� �  �  �  �  �  � The � internet � or � other � electronic � media � (including � without � limitation � 

electronic � devices, � services � of � third � party � telecom � service � providers � 

such � as � mobile � phones � or � other � handheld � trading � devices � or � 

interactive � voice � response � systems) � are � an � inherently � unreliable � 

form � of � communication. �  � 

�  � 

� �  �  �  �  �  � Any � information � (including � any � document) � transmitted, � or � 

communication � or � transactions � made, � over � the � internet � or � through � 

other � electronic � media � (including � electronic � devices, � services � of � 

third � party � telecom � service � providers � such � as � mobile � phones � or � 

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other � handheld � trading � devices � or � interactive � voice � response � 

systems) � may � be � subject � to � interruption, � transmission � blackout, � 

delayed � transmission � due � to � data � volume, � internet � traffic, � market � 

volatility � or � incorrect � data � transmission � (including � incorrect � price � 

quotation) � or � stoppage � of � price � data � feed � due � to � the � public � nature � 

of � the � internet � or � other � electronic � media. �  � 

�  � 

� �  �  �  �  �  � As � a � result � of � such � unreliability: �  � 

�  � 

o �  �  � there � may � be � time-lags, � delays, � failures � or � loss � of � data � or � 

loss � of � confidentiality � in � the � transmission � of � data � and � 

receipt � of � communications; � and � 

�  � 

o �  �  � while � we � may � believe � certain � data � to � be � reliable, � there � may � 

be � no � independent � basis � for � it � to � verify � or � contradict � the � 

accuracy � or � completeness � of � such � data. � 

This �  is � not � an � exhaustive � list � of � all � the � consequences � arising � from � such � 

unreliability. � 

� 

� �  �  �  �  �  � Purchasers � are � solely � responsible � for � preventing � anything � which � 

may � be � harmful � to � any � equipment � that � they � use � in � connection � with � 

XMCT � or � the � XMC � (including � any � computer � virus, � malicious � program � or � 

harmful � component) � from � affecting � any � such � equipment, � regardless � of � 

whether � it � originated � in � connection � with � XMCT � or � the � XMC. � 

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10.30 � Tax � Matters � Relating � to � XMC’s � Operations � 

Tax � laws � and � regulations � are � highly � complex � and � subject � to � 

interpretation. � Consequently, � we � may � be � subject � to � changes � in � tax � laws, � 

treaties � and � regulations. � Our � income � tax � expense � is � based � upon � its � 

interpretation � of � the � tax � laws � in � effect � at � the � time � when � the � expense � was � 

incurred. � A � change � in � these � tax � laws, � treaties � or � regulations, � or � in � the � 

interpretation � thereof, � which � is � beyond � our � control, � could � result � in � a � 

materially � higher � tax � expense, � which � in � turn � may � limit � the � financial � 

resources � available � to � us. � Also, � as � we � actively � solicits � interests � for � the � 

Token � sale � in � multiple � jurisdictions, � such � solicitations � may � lead � to � 

increased � tax � exposures. � 

In � addition, � our � tax � payments � may � be � subject � to � review � or � investigation � 

by � tax � authorities � from � time � to � time. � If � any � tax � authority � successfully � 

challenges � our � operational � structure, � or � if � we � lose � a � material � tax � dispute, � 

or � any � tax � challenge � of � our � tax � payments � is � successful, � our � tax � liabilities � 

could � increase � substantially � and � our � financial � resources � could � be � 

adversely � impaired. � 

10.31 � Tax � Matters � Relating � to � Participation � in � the � 

Token � sale � 

Participation � in � the � Token � sale � may � have � tax � reporting � implications � and � 

liabilities � for � purchasers � from � certain � jurisdictions. � Such � liabilities � shall � 

be � borne � by � the � purchasers � alone � and � all � purchasers � are � advised � to � 

consult � their � tax � advisors � prior � to � participating � in � the � Token � sale. �  � 

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10.32 � Incomplete � Information � Regarding � XMC � 

Participation � in � the � Token � sale � may � have � tax � reporting � implications � and � 

liabilities � for � purchasers � from � certain � jurisdictions. � Such � liabilities � shall � 

be � borne � by � the � purchasers � alone � and � all � purchasers � are � advised � to � 

consult � their � tax � advisors � prior � to � participating � in � the � Token � sale. �  � 

� 

10.33 � Further � Token � sales � and � Development � and � Sale � 

of � Additional � Tokens � 

We � may, � from � time � to � time, � and � without � prior � notice � or � consultation, � 

sell � additional � XMCT � outside � of � the � Token � sale � from � XMCT’s � reserve. � 

Further, � we � may � develop � and � sell � additional � XMCT � in � respect � of � the � 

XMC, � or � otherwise � raise � funding � for � the � XMC � through � any � other � means � 

it � deems � necessary. � Purchasers � will � not � necessarily � receive � notice � of � the � 

sale � of � additional � XMCT � or � of � any � other � tokens � or � fundraising � 

means.ticipation � in � the � Token � sale � may � have � tax � reporting � implications � 

and � liabilities � for � purchasers � from � certain � jurisdictions. � Such � liabilities � 

shall � be � borne � by � the � purchasers � alone � and � all � purchasers � are � advised � to � 

consult � their � tax � advisors � prior � to � participating � in � the � Token � sale. �  � 

�  � 

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11. � Team � Profile � 

Tsz � Hin � Law, � Penny �  � — � Founder、CEO � 

Founder � of � Health � Without � Borders � Limited, � over � ten � years � experiences � 

on � project � management � , � sales � & � marketing � field, � former � sales � manager � 

of � Sony � Corporation � , � University � of � Management � and � Technology � (BBA). � 

� 

Doctor � Shun � Tung � Lau, �  � Benjamin � — � Co-founder � 

Fellow � of � the � Hong � Kong � Academy � of � Medicine, � convener � of � Hong � 

Kong � Primary � Care � Foundation � (HKPCF), � convener � of � Hong � Kong � 

Specialist � Care � Foundation � (HKSCF), � awarded � the � medal � of � honor � by � the � 

Hong � Kong � Special � Administration � Region � Government � in � 2011. �  � 

� 

Wei � Cong � — � Co-founder � 

More � than � 10 � years � of � experience � in � the � Internet � industry, � rich � 

experience � in � Baidu, � China � and � Baidu � overseas � marketing, � founder � of � 

Baidu � overseas � sales � channels, � co-founder � of � CTV � Internet � video � 

company. � 

� 

Chao � Wang � — � Co-founder、COO � 

Division � director � of � ZUBA � platform � O2O, � head � of � operation � of � Xueba � 

Project, � operation � director � of � Lashou � Web, � the � third � party � platform � 

responsible � person � of � the � national � information � center � commissioned � by � 

State � Administration � of � Industry � and � Commerce, � vice � president � of � 

operations � of � China � trade � 2cn � of � China � International � Electronic � 

Commerce � Center, � with � 10 � years � of � experience � in � the � field � of � Internet � 

operation. �  � 

� 

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Rita � Hou � — � Chief � Medical � Officer(Beijing) � 

Bachelor � of � University � of � Toronto � Biochemistry, � Dual � master � degree � of � 

epidemiology � of � University � of � Hong � Kong, � many � years � of � experience � on � 

epidemiology, � health � economics, � health � department � think � tank � research � 

experience, � high-tech � drugs � and � medical � innovation � technology � 

evaluation. � 

� 

Na � Jia � — � CMO � 

Marketing � director � of � CDC � Games � the � subsidiary � of � NASDAQ-listed � CDC � 

Corporation, � Marketing � director � of �  � 

Beijing � 17game � Network � Technology � Co., � Ltd. �  � 

Director � of � Tom � online-inc � . �  � Senior � vice � president � of � Beijing � infinite � star � 

Technology � Co., � Ltd., � over � 10 � years � of � experience � on � Internet � marketing � 

management. �  � 

� 

Tsz � Wai � Lo, �  � Becky �  � — � GM � (Hong � Kong) � 

Digital � Marketing � Manager � of � Hong � Kong � Listed � company � eSun � Group � 

LTD, � Media � Planner � of � OpenTide � Great � China � Limited, � Marketing � 

division � of � I.T � Apparels � Limited, � Over � 10 � years � experience � on � digital � 

marketing � and � strategic � planning. � Former � Financial � Consultant � at � 

Prudential. � City � University � of � Hong � Kong � with � business � administration � 

(Marketing) � in � major. � 

� 

Catherine � Su � — � Legal � Specialist � 

Doctor � of � law � in � University � of � Lancaster; � Master � of � Laws, � as � well � as � the � 

scholar � of � Civil � and � Commercial � Law � specialty � in � Shandong � University. � 

Proficient � in � Civil � Law, � Commercial � Law, � International � Law, � Economic � 

Law, � Intellectual � Property � Law, � etc. � both � in � Chinese � and � English. � 

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Responsible � for � contract � review, � investment � and � financing � review � and � 

other � relevant � legal � content. � 

� 

Jane � Wang � — � Product � Manager � 

Bachelor � major � is � anesthesiology,qualification � of � certified � doctor � in � 

China, � Master's � candidate � of � computer � science � of � Renmin � University � of � 

China, � Product � manager � of � Qingdao � Baheal � Intelligent � Technology � Co; � 

Ltd, � in-depth � research � on � medical � guideline � and � UMLS, � Product � 

manager � of � PKU � Weiming � Biotech � Group,lead � the � product � management � 

of � the � EMR � for � Hernest � reproductive � center � and � take � part � in � the � 

integration � construction � of � software � and � hardware � in � Hernest, � Know � of � 

the � design � philosophy � of � American � EMR � and � structuring � feature � of � 

clinical � data. � 

� 

Justin � Zheng � — � Technical � Director � 

Bachelor � of � Science � in � Applied � Mathematics, � Master � of � Systems � 

Engineering, � Doctor � of � Management � Science, � National � University � of � 

Defense � Technology, � 25 � years � of � software � development � experience, � 

system � analyst � certificate, � advanced � programmer � certificate, � fifteen � 

years � of � project � management, � team � management � experience, � PMP � 

certificate; � Leader � of � the � Information � Processing � Field � in � 61600 � Forces, � 

Senior � Engineer � 

He � received � the � 1st � prize � in � the � military � science � and � technology � 

progress � once � and � 2nd � prize � twice. � He � used � to � be � the � shareholder, � 

director, � and � CTO � of � Beijing � Ziguang � Zhuoyun � Technology � Co., � Ltd.; � he � 

pioneered � the � smart � wireless � router � application � store � model; � he � used � to � 

serve � as � the � general � manager � of � Guangzhou � branch � of � Shenzhen � 

Information � Technology � Co., � Ltd., � and � the � deputy � general � manager � of � 

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the � Beijing � branch. � He � owns � the � experience � in � independently � operating � 

companies � and � in � expanding � heavyweight � customers. � 

� 

Steve � Lai � — � Senior � Multimedia � Designer �  � 

Senior � multimedia � designer � with � more � than � 10 � years � of � experience; � He � 

has � worked � in � a � number � of � Hong � Kong � media, � including � the � Economic � 

Times, � New � Newspapers, � and � has � served � as � a � senior � multimedia � 

designer � in � New � Media � Group � (708.HK), � which � is � listed � in � Hong � Kong � 

and � has � a � leading � position � in � the � media � market. � He � has � designed � 

multimedia � images, � electronic � special � issues � and � film � special � effects � for � 

various � channels � of � the � group, � and � the � popular � “Little � Chain”, � 

ambassador � of � XMED � Chain, � is � also � designed � by � him. � 

� 

Expert � Advisors � 

YALE � REISOLEIL � 

As � the � private � equity � fund � manager � and � quantitative � trader, � Mr. � 

ReiSoleil � co-manages � the � Sichuan � red � construction � medical � fund, � a � 20-

billion-yen � buyout � fund, � and � cross-border � high-tech � venture � capital � 

funds. � Since � 2013, � Mr. � ReiSoleil � has � developed � several � proprietary � 

quantitative � trading � systems. � In � 2018, � Mr. � ReiSoleil, � Co-founder � 

Chairman � & � CEO, � founded � the � IOB � LLC. � 

� 

Jiping � Liu � 

Baidu's � founding � team; � former � general � manager � of � Southern � China � 

District; � vice � president � of � Baidu � Inc � at � present. � 

In � 1982 � - � 1986, � he � studied � the � library � management � in � the � Department � 

of � Information � Management � at � Shanxi � University. � He � arrived � in � 

Shenzhen � in � 1988 � and � worked � at � HP; � In � 2000 � - � 2005, � he � took � the � 

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manager � of � Shenzhen � branch � of � Baidu, � after � that � serving � as � vice � 

president � of � Baidu � Inc. � 

� 

Richard � Wang � 

Richard � Wang � is � a � partner � of � DFJ � Dragon � Fund-Draper � Dragon � and � 

graduated � from � National � Chiao � Tung � University, � Taiwan � with � a � Masters � 

Degree � in � Telecommunications � and � Engineering. � He � is � also � a � PhD. � 

candidate. � 

DFJ � Dragon � Fund � is � part � of � a � world-renowned � venture � capital � group, � 

Draper � Venture � Network � (DVN), � which � has � over � 600 � venture � capital � 

projects � and � invested � in � companies � such � as � Baidu, � Focus � Media, � 

Kongzhong � Corp, � Tesla, � Twitter � and � other � reputable � technology � 

companies. � Investments � in � these � companies � have � brought � about � 

considerable � investment � returns, � especially � with � Baidu, � which � yielded � 

over � a � hundred � times � in � return. � ' � 'As � a � partner � in � Draper � Dragon, � Richard � 

is � in � charge � of � investments � in � artificial � intelligence, � blockchain, � Internet � 

of � Things, � etc. � He � was � also � a � part � of � and � invested � in � YeePay, � Nanosic, � 

Innodealing, � Epticore, � ZGMICRO, � IdeeBank � and � blockchain � companies � 

such � as � Haopu � Information � and � Technology � Co. � Ltd, � Vechain, � 

Metaverse, � RedPulse, � Chinapex, � Alphacat � and � DAF. � 

� 

Kuen � Kuen � Chan, � Victor � 

Business � management � of � various � international � companies, � including � 

project � management, � risk � management, � crisis � management, � business � 

development, � sales � and � marketing � plan � and � so � on, � various � of � 

international � medical � institutions � and � charitable � institutions � served � as � 

board � chairman � now. � MBA, � USA � Pebble � Hills � University. � 

� 

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Yik � Pun � Chan, � Derek �  � 

Bachelor’s � Degree � of � Business � (Accounting) � from � the � Monash � 

University, � Australia. � Member � of � the � Hong � Kong � Institute � of � Certified � 

Public � Accountants � and � CPA � Australia. � Over � 10 � years � of � accounting � and � 

auditing � experience � in � various � international � accounting � firms � in � Hong � 

Kong, � Shanghai, � Australia � and � various � listed � on � Main � Board � of � Stock � 

Exchange. � An � independent � non-executive � director � of � various � companies � 

listed � on � Main � Board � of � the � stocks � exchange. � 

� 

JC � Xu � 

He � is � the � co-founder � of � digital � asset � fund � Badwater � Capital, � working � at � 

DFJ � Dragon � Fund, � located � at � Silicon � Valley, � which � is � a � China's � well-

known � early � venture � investment � fund, � and � engaged � in � venture � 

investment � in � the � TMT � field. � In � 2014, � just � 22 � years � old, � he � created � the � 

spark � technology, � a � knowledge � and � skills � sharing � platform, � which � 

acquired � million � yuan � of � venture � capital � investment � from � IDG, � 

graduated � from � Kr � Space � III � Stage, � and � exited � after � the � progress � of � 

acquisition � in � 2016. � He � ever � studied � in � Indiana � University-Kelley � School � 

of � Business � in � U.S. � and � Draper � University � of � Heroes � in � Silicon � Valley. �  � 

� 

Victor � Zhou � 

Over � 10 � years � of � experience � in � the � Financial � industry. � Rich � experience � on � 

Risk � Control, � Data � Analysis, � Strategy � Planning � in � CMB � Credit � Card � 

Center, � BEA � and � Hang � Seng � Bank. � Rich � experience � on � Marketing � and � 

Operation � in � LU.com � and � Fosun � Group. � Operation � Director � in � Fosun � 

Group � Internet � Finance � Business. � 

� 

� 

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David � Wang � 

Over � MBA � of � Shanghai � Jiao � Tong � University. � Have � work � experience � in � 

Shanda � Group, � IBM, � Ctrip � and � years � of � work � experience � in � the � Internet � 

industry. � In � 2015, � he � founded � the � largest � domestic � rental � securitization � 

platform, � Rubik's � Cube � Finance � Service. � In � mid � of � 2016, � founded � 

datachain, � which � focuses � on � blockchain � technology � innovation � and � 

application. � The � winner � of � second � prize � of � the � first � national � blockchain � 

competition � held � by � the � Ministry � of � Industry � and � Commerce. �  � 

� 

Ricky � Ng � 

Chairman � and � founder � of � I-house.com � &I-house.com � Token(IHT), � the � 

first � blockchain � real � estate � cloud � platforms � worldwide. � Co-founder � of � 

Iclick � Interactive, � one � of � the � largest � digital � advertising � platforms � in � 

greater � China � area, � created � an � advertising � myth � of � 1 � billion � RMB � per � 

year, � major � partner � with � Baidu � and � Tencent � in � China � and � overseas. � 

Former � Senior � Business � Manager � in � Yahoo � Asia � – � Yahoo! � Search � 

Marketing; � Professional � in � digital � marketing � with � more � than � ten � years � of � 

practical � experience � in � digital � marketing � and � Entrepreneurship. � Bachelor � 

of � Engineering, � Ecommerce � and � Financial � Engineering. � 

� 

Chen � Yufu � 

Master � of � Medical � Information � in � Fairleigh � Dickinson � University, � USA. � 

Master � of � Cardiology � in � Wuhan � University, � China. � Ph.D. � in � Biomedical � 

Engineering � in � Tsinghua � University � (Taiwan), � and � PhD � in � Public � Health � in � 

Johns � Hopkins � University, � USA. �  � 

He � serves � as � general � manager � of � operations � in � Shanghai � Kangcheng � 

Hospital � Management � Consulting � Co., � Ltd, � and � senior � consulting � of � 

Yiguantong � School. � He � served � as � a � lecturer � of � Department � of � Medical � 

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Management � in � Taiwan � Yuanpei � University � of � Science � and � Technology, � 

consultant � of � Taiwan's � Yunlin � love � hospital � medical � information, � and � 

management � consultant � of � Restoration � Corporation � Hospital � Group. � 

He � is � proficient � in � hospital � performance � appraisal � and � management, � 

medical � service � cost � accounting � and � analysis, � medical � information � 

system � analysis, � and � medical � education � planning. � 

He � has � participated � in � a � number � of � projects � including � the � counseling � on � 

the � performance � reform � of � the � entire � hospital � People's � Hospital � in � Linzi � 

District � of � Zibo, � Shandong � Province; � counseling � of � the � performance � 

reform � of � the � hospital � in � the � First � People's � Hospital � of � Neijiang, � Sichuan � 

Province; � the � performance � reform � of � the � third � hospital � in � Yinzhou � 

District, � Ningbo, � Zhejiang � Province; � Shanghai � Pudong � New � Area � Gongli � 

Hospital � hospital � performance � reform � project; � hospital � performance � 

counseling � in � Baotou � Steel � Hospital � in � Inner � Mongolia � ; � hospital � 

performance � counseling � of �  � Integrative � Medicine � Hospital � in � Suzhou; � 

Xinjiang � Wensu � County � People's � Hospital � performance � counseling � 

projects; � Dongying � Honggang � Hospital � comprehensive � counseling � 

projects. � 

� 

Sophia � Liu � 

She � graduated � from � Public � Utilities � Management � in � North � China � 

University � of � Science � and � Technology � School. � Currently � she � serves � as � an � 

executive � director � of � China � Charity � Foundation � - � Medical � Fund. � She � 

served � as � a � senior � manager � and � in � other � positions � in � Shanghai � Hongda � 

Medical � Devices � Co., � Ltd. � She � possesses � interpersonal � connections � and � 

is � capable � of � establishing � good � relations � with � medical � institutions � in � 

Chinese � mainland. � She � has � worked � with � the � following � hospitals: � 

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Shanghai � Xinhua � Hospital, � Shanghai � Zhongshan � Hospital, � Shanghai � ENT � 

Hospital, � Shanghai � Sixth � People's � Hospital, � Guanghua � Hospital � in � 

Changning � District, � Jing'an � Central � Hospital � and � other � dozens � of � 

hospitals. � 

� 

Anthony � Coscio � 

Anthony � has � over � 25 � years � of � experience � investing � in � debt � and � equity � 

capital � markets. � He � was � an � advisor � to � high � net � worth � clients � with � CIBC � 

Oppenheimer � and � has � since � managed � his � family � investments. � He � has � 

been � a � managing � partner � of � Gemini � Capital � Partners � for � over � 20 � years � 

with � focus � on � technology, � media � and � telecom. � Recent � traditional � 

investments � include � IEX � Investors � Exchange, � Orbital � Insight � and � Wheels � 

Up. � His � current � focus � is � digital � currencies. � He � is � sought � for � his � advisory � 

concerning � tokenomics � and � ICO � sale � structure. � 

�  � 

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12. � Disclaimer � 

We � do � not � make, � and � hereby � disclaims, � any � representation � or � warranty � 

with � respect � to � the � XMC � or � XMCT � (such � as � merchantability � or � fitness � for � 

particular � purposes), � except � those � expressly � specified � in � this � White � 

Paper. � Each � purchaser’s � decision � to � participate � in � the � XMCT � crowd � sale � 

and � purchase � any � XMCT � shall � be � made � based � on � his/her � own � 

knowledge � of � XMCT � and � the � information � disclosed � in � this � White � Paper. � 

Without � prejudice � to � the � generality � of � the � foregoing, � each � purchaser � 

will, � upon � the � launch � of � XMC, � accept � XMCT � on � an � “as � is” � basis, � 

irrespective � of � the � technical � specifications, � parameters, � performance � or � 

function � thereof. � 

� 

We � hereby � expressly � disclaims � its � liability � and � refuse � to � be � liable � for � the � 

following � liabilities: � 

(1)  any � person’s � purchase � of � XMCT �  in � violation � of � any � anti-money � 

laundering, �  counter-terrorism �  financing �  or �  other �  regulatory � 

requirements � that � are � imposed � in � any � jurisdiction; �  � 

(2)  any �  person’s �  purchase �  of �  XMCT �  in �  violation �  of �  any � 

representation, �  warranty, �  obligation, �  covenant �  or �  other �  provision � 

under � this � White � Paper, � which � results � in � the � failure � of � paying � and � 

withdrawing � XMCT; �  � 

� 

(3)  termination � of � the � XMCT � crowd � sale � for � any � reason; �  � 

� 

(4)  failure �  or �  termination �  of �  the �  XMC �  development �  which �  results �  in � 

the � failure � to � deliver � XMCT; � 

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� 

(5)  delay �  or �  rescheduling �  of �  the �  XMC �  development �  and �  resulting � 

failure � to � meet � any � published � schedules; �  � 

� 

(6)  any � error, � flaw, � defect � or � other � issues � in � the � source � code � of � XMCT; �  � 

� 

(7)  any � malfunction, � breakdown, � collapse, � rollback � or � hard � forking � of � 

the � original � public � chain � that � XMC � replies � on; �  � 

� 

(8)  failure �  of �  XMC �  to �  meet �  any �  specific �  purpose, �  or �  its �  unfitness �  for � 

any � specific � use; �  � 

� 

(9)  utilization � of � the � proceeds � raised � through � the � XMCT � crowd � sale; �  � 

� 

(10)   failure �  to �  promptly �  and �  completely �  disclose �  any �  information � 

relating � to � the � development � of � XMC; �  � 

� 

(11)   any �  purchaser’s �  divulgence, �  loss �  or �  destruction �  of �  the �  private � 

key �  to �  his/her �  wallet �  for �  cryptocurrency �  or �  cryptographic �  (in � 

particular � the � private � key � to � the � XMCT � wallet); �  � 

� 

(12)   any �  default, �  breach, �  infringement, �  breakdown, �  collapse, �  service � 

suspension �  or �  interruption, �  fraud, �  mishandling, �  misconduct, � 

malpractice, �  negligence, �  bankruptcy, �  insolvency, �  dissolution �  or � 

winding-up � of � any � third-party � crowdfunding � platform � or � exchange � 

for � XMCT; �  �  � 

(13)   any � difference, � conflict � or � contradiction � between � this � White � Paper � 

and �  the �  agreement �  between �  any �  purchaser �  and �  any �  third �  party � 

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crowdfunding � portal; �  � 

(14)   trading � or � speculation � of � XMCT � by � any � person; �  � 

(15)   listing � or � delisting � of � XMCT � on � or � from � any � exchange; �  �  � 

(16)   XMCT �  being �  classified �  or �  treated �  by �  any �  government, �  quasi-

government, �  authority �  or �  public �  body �  as �  a �  type �  of �  currency, � 

securities, �  commercial �  paper, �  negotiable �  instrument, �  investment � 

instrument � or � otherwise � that � results �  in �  it � being � banned, � regulated � 

or � subject � to � certain � legal � restrictions; �  � 

(17)   any �  damage, �  loss, �  claim, �  liability, �  punishment, �  cost �  or �  other � 

adverse �  impact �  that �  is �  caused �  by, �  associated �  with, �  in �  connection � 

with, �  incidental �  to �  or �  relevant �  to �  the �  risk �  factors �  disclosed �  in �  this � 

White � Paper. � 

Notice � to � Residents � of � the � United � States � 

The � offer � and � sale � of � this � token � has � not � been � registered � under � the � U.S. � 

Securities � Act � of � 1933, � as � amended � (the � “Securities � Act”), � or � under � the � 

laws � of � certain � states � as � this � token � should � not � be � taken � as � securities. � 

This � token � may � not � be � offered, � sold � or � otherwise � transferred, � pledged � 

or � hypothecated � except � as � permitted � under � the � act � and � applicable � state � 

laws � pursuant � to � an � effective � registration � statement � or � an � exemption � 

therefrom. � 

� 

Notice � to � Residents � of � Canada � 

Unless � permitted � under � legislation, � the � holder � of � this � token � must � not � 

trade � the � token � before � the � date � that � the � issuer � becomes � a � reporting � 

issuer � in � any � province � or � territory � of � Canada. � 

� 

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Notice � to � Residents � of � China �  � 

The � tokens � are � not � being � offered � or � sold � and � may � not � be � offered � or � 

sold, � directly � or � indirectly, � within � the � People’s � Republic � of � China � (for � 

such � purposes, � not � including � the � Hong � Kong � and � Macau � Special � 

Administrative � Regions � or � Taiwan), � except � as � permitted � by � the � laws � and � 

regulations � of � the � People’s � Republic � of � China. � 

� 

Notice � to � Residents � of � the � United � Kingdom � 

In � the � United � Kingdom � this � document � is � being � distributed � only � to, � and � 

is � directed � only � at,: � (i) � investment � professionals � (within � the � meaning � of � 

article � 19(5) � of � The � Financial � Services � and � Markets � Act � 2000 � (Financial � 

Promotion) � Order � 2005 � as � amended � (the � ‘‘FPO’’)); � (ii) � persons � or � 

entities � of � a � kind � described � in � article � 49 � of � the � FPO; � (iii) � certified � 

sophisticated � investors � (within � the � meaning � of � article � 50(1) � of � the � FPO); � 

and � (iv) � other � persons � to � whom � it � may � otherwise � lawfully � be � 

communicated � (all � such � persons � together � being � referred � to � as � 

‘‘Relevant � Persons’’). � 

� 

Notice � to � Residents � of � Other � Countries � 

All � purchasers � must � ensure � that � they � are � permitted � by � the � laws � of � their � 

countries � to � purchase � XMCT. � We � will � only � ensure � that � XMCT � is � legal � and � 

compliant � with � the � law � of � the � issuing � country � but � will � not � ensure � all � 

other � countries � adopt � or � use � similar � laws, � especially � in � the � event � that � 

the � purchaser � use � other � methods � to � avoid � relevant � laws � or � intentionally � 

hide � from � any � relevant � legislations. � We � will � not � be � liable � for � this. �  � 

� 

This � document � has � not � been � approved � by � an � authorised � person. � Any � 

information � to � which � this � document � relates � is � available � only � to � a � 

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relevant � person. � This � document � is � only � for � relevant � persons � and � non � 

relevant � persons � shall � not � take � any � action � based � on � this � document � nor � 

should � he/she/they � rely � on � it. � It � is � a � condition � of � you � receiving � and � 

retaining � this � document � that � you � warrant � to � us, � its � directors, � and � its � 

officers � that � you � are � a � relevant � person. � 

� 

Our � social � media � and � email � platform � are � places � where � we � encourage � 

interaction, � discussion, � organization � and � participation � between � users � of � 

the � community, � in � fact � anyone � interested � in � our � product. � 

� 

Whilst � we � make � reasonable � efforts � to � monitor � participation � to � ensure � 

that � discussions � are � related � to � products � that � are � made � available � in � the � 

community, � there � may � be � situations � where � we � are � not � in � a � position � to � 

monitor � all � statements, � comments � and � views � made � by � every � user. � We � 

ask � that � you’re � respectful � in � your � comments. � We � reserve � the � right � to � 

remove � anything � we � deem � to � be � abusive � or � personal � attacks, � material � 

that � is � unlawful, � obscene, � defamatory, � threatening, � harassing, � abusive, � 

slanderous, � hateful � or � embarrassing � to � any � other � entity � or � persons, � third � 

party � advertising, � chain � letters � or � ‘spams’. � Please � be � aware � that � 

anything � posted � may � potentially � be � read � by � thousands � (or � hundreds � of � 

thousands) � even � years � from � now. � Therefore, � users � should � exercise � 

cautions � when � posting � on � any � of � our � social � media � sites. �  � 

We � also � reserve � the � right � to � terminate � involvement � by � users � who � post � 

such � content. �  � 

� 

The � views � and � opinions � expressed � on � any � social � media � sites � of � ours � do � 

not � necessarily � represent � our � opinion. � Therefore, � we � cannot � be � held � 

responsible � for � the � accuracy � or � reliability � of � information � posted � by � 

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external � parties. �  � Any � information � posted � on � any � of � our � social � media � 

platforms � should � not � be � considered � as � financial, � legal, � accounting � or � 

other � professional � advice. � 

� 

For � your � safety, � never � include � your � phone � number, � email, � address � or � 

other � personal � information � in � a � post. � Your � comments � are � visible � to � all. � 

� 

Certain � information � set � forth � in � our � website � and � other � documents � may � 

contain � “forward-looking � information”, � including � “future � oriented � 

financial � information” � and � “financial � outlook”, � under � any � applicable � 

laws � and � regulations � (collectively � referred � to � herein � as � forward-looking � 

statements). � Except � for � statements � of � historical � fact, � information � 

contained � herein � constitutes � forward-looking � statements � and � includes, � 

but � is � not � limited � to, � the � (i) � projected � financial � performance � of � XMCT; � (ii) � 

completion � of, � and � the � use � of � proceeds � from, � offered � during � the � token � 

sale; � (iii) � the � expected � development � of � the � the � sale � of �  � XMCT � being � 

business, � projects � and � joint � ventures; � (iv) � execution � of �  � XMCT’s � vision � 

and � growth � strategy, � including � with � respect � to � future � M&A � activity � and � 

global � growth; � (v) � sources � and � availability � of � third-party � financing � for � 

our � projects; � (vi) � completion � of � our � projects � that � are � currently � underway, � 

in � development � or � otherwise � under � consideration; � (vii) � renewal � of � our � 

current � customer, � supplier � and � other � material � agreements; � and � (viii) � 

future � liquidity, � working � capital, � and � capital � requirements. � Forward-

looking � statements � are � provided � to � allow � potential � purchasers � the � 

opportunity � to � understand � management’s � beliefs � and � opinions � in � 

respect � of � the � future � so � that � they � may � use � such � beliefs � and � opinions � as � 

one � factor � in � evaluating � an � investment. � 

� 

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These � statements � are � not � guarantees � of � future � performance � and � undue � 

reliance � should � not � be � placed � on � them. � Such � forward-looking � 

statements � necessarily � involve � known � and � unknown � risks � and � 

uncertainties, � which � may � cause � actual � performance � and � financial � results � 

in � future � periods � to � differ � materially � from � any � projections � of � future � 

performance � or � result � expressed � or � implied � by � such � forward-looking � 

statements. � For � further � explanation � of � the � risk � involved � in � the � XMC �  � 

community � please � consult � the � documents � as � issued � by � us. � 

� 

Although � forward-looking � statements � contained � in � this � presentation � are � 

based � upon � what � our � management � believes � are � reasonable � 

assumptions, � there � can � be � no � assurance � that � forward-looking � 

statements � will � prove � to � be � accurate, � as � actual � results � and � future � events � 

could � differ � materially � from � those � anticipated � in � such � statements. � We � 

undertake � no � obligation � to � update � forward-looking � statements � if � 

circumstances � or � management’s � estimates � or � opinions � should � change � 

except � as � required � by � applicable � securities � laws. � The � reader � is � cautioned � 

not � to � place � undue � reliance � on � forward-looking � statements. � 

� 

Cryptocurrencies, �  cryptographic �  tokens �  and �  Initial �  Coin �  Offering � 

(“ICO”) � carry � a � high � degree � of � risk � in � a � volatile � and � uncertain � market � 

conditions, �  in � addition � to � other � factors � that � relate � to � the � risks � involved � 

in � the � development � of � the � blockchain � technology, � cryptographic � token � 

exchange, �  etc. �  There �  are �  significant �  risks �  associated �  with �  the �  use �  of � 

online � cryptocurrency � wallets � and � exchange � systems � including, � but � not � 

limited �  to, �  software �  and �  hardware �  failure �  and �  internet �  disconnection � 

and/or � loss � of � keys � and/or � wallet � addresses. � We � are � not � responsible � for � 

such �  losses � or �  failures. � Purchasers � of �  cryptographic �  tokens �  run �  a �  great � 

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risk �  of �  incurring �  losses �  and �  damages �  as �  a �  result �  of �  purchasing �  any � 

cryptocurrencies �  and/or �  cryptographic �  tokens. �  Purchasers �  accept �  and � 

declare �  that �  they �  are �  willing �  to �  undertake �  this �  risk. �  The �  damages �  may � 

include � loss � of � all � funds/contribution � and � also � any � other � expenses � that � 

the � Purchaser � has � made. � 

Before �  deciding �  to �  buy �  any �  cryptocurrencies �  or �  cryptographic �  tokens, � 

purchasers �  should �  carefully �  consider �  their �  level �  of �  experience �  and �  risk � 

appetite. �  The �  possibility �  exists �  that �  a �  purchaser �  could �  sustain �  a �  loss �  of � 

some � or � all � of � their � monies � and � therefore � all � purchasers � should � not � send � 

monies � that � they � cannot � afford � to � lose. � Purchasers � should � be � aware � of � 

all �  the �  risks �  associated �  with �  virtual �  commodities �  and �  seek �  advice �  from � 

an �  independent �  financial �  adviser �  in �  case �  of �  doubt. �  Furthermore, �  there � 

may �  be �  risks �  that �  are �  not �  disclosed �  in �  our �  services �  and �  products. � 

Purchasers �  should �  use �  extreme �  consideration �  and �  be �  conscious �  of � 

assessing �  their �  financial �  situation �  and �  tolerance �  for �  risks �  before � 

engaging � in � activities � involving � the � purchase � of � virtual � commodities. � 

Any �  opinions, �  news, �  research, �  analyses, �  prices, �  or �  other �  information � 

contained �  in �  this �  our �  services �  and �  products �  are �  merely �  general � 

product/market �  commentary �  and �  does �  not �  constitute �  financial �  advice � 

from � us. � We � will � not � be � accountable � for � any � loss � or � damage, �  including � 

without �  limitation �  to, �  any �  loss �  of �  profit, �  which �  may �  arise �  directly �  or � 

indirectly �  from �  use �  of �  or �  reliance �  on �  such �  information, �  or �  on �  any � 

recommendation. � 

The �  contents �  of �  any �  report �  provided �  should �  not �  be �  construed �  as �  an � 

express �  or �  implied �  promise, �  guarantee �  or �  implication �  that �  purhcasers � 

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will �  profit �  from �  the �  strategies �  herein �  or �  as �  a �  guarantee �  that �  losses �  in � 

connection � therewith � can, � or � will � be � limited. �  � 

To �  the �  best �  of �  our �  knowledge, �  the �  information �  contained �  herein �  is � 

accurate �  and �  reliable �  as �  of �  the �  date �  of �  the �  service �  or �  product �  we � 

provide; �  however, �  we �  do �  not �  assume �  any �  liability �  whatsoever �  for �  the � 

accuracy � and � completeness � of � the � information � contained � therein. � Large � 

amount �  of �  the �  information �  is �  obtained �  from �  third �  party �  sources �  which � 

have �  not �  been �  specifically �  verified �  by �  us �  and �  we �  do �  not �  make �  any � 

warranties � that � such � information � is � or � will � remain � accurate, � in � particular � 

in � the � event � of � such � information � being � fraudulent � and � misrepresentative � 

in �  nature. �  We �  cannot �  ensure �  that �  these �  sources �  have �  compiled �  such � 

data �  and �  information �  on �  the �  same �  basis �  or �  with �  the �  same �  degree �  of � 

accuracy �  or �  completeness �  as �  are �  found �  in �  other �  industries. �  The � 

information � contained � herein � does � not � constitute � a � due � diligence � review � 

and �  should �  not �  be �  construed �  as �  such. �  Any �  information �  given �  in �  our � 

services � and � products � do � not � constitute � any � warranty � of � merchantability � 

or �  fitness �  for �  a �  particular �  use �  of �  any �  cryptocurrencies �  and/or � 

cryptographic �  token. �  It �  is �  the �  purchaser’s �  responsibility �  to �  check �  the � 

relevant �  token’s �  information �  in �  order �  to �  follow �  any �  possible �  change � 

before � purchasing � any � tokens. �  � 

�