Arbitrage Analysis Beyond Commodity

Arbitrage

Analysis

Beyond

Commodity

Whitepaper 1.0 Ver. /Korean Edition

The Arbitrage Platform

AABC

1 Background ........................................................................................................................................ 03 2 Market Environment .......................................................................................................................... 04

2.1 Different Service Fee Policies by Exchanges 2.2 Low Trade Liquidity 2.3 Different Price Movements by Exchanges 2.4 Different Transaction Speeds Based on Server Speeds by Exchanges

3 Driving Principle ................................................................................................................................. 07

3.1 Trader 3.2 Hedge Fund 3.3 Advisor 3.4 Financial Institution 3.5 Platform Ecosystem

4 Accessibility ........................................................................................................................................ 10

4.1 AABC Pro 4.2 AABC Flash 4.3 AABC SMA 4.4 AABC DARKPOOL 4.5 AABC API

5 Order Types ........................................................................................................................................ 12 6 AABC Platform.................................................................................................................................... 14

6.1 Arbitrage (Arbitrage Trading) 6.2 Triangular Arbitrage 6.3 Strength of AABC Platform 6.4 AAPC Supplementing Weaknesses of Existing Arbitrage Trading

7 Scalability of AABC Platform .............................................................................................................. 17

7.1 DeFi 7.2 NFT 7.3 HOA TOKEN (NFT) 7.4 Payment 7.5 Joining BSC Chain

8 Token ................................................................................................................................................. 23

8.1 Plans on Issuance and Distribution of Token

9 Roadmap ............................................................................................................................................ 24 10 Partners ............................................................................................................................................ 25 11 Disclaimer ........................................................................................................................................ 26

The Arbitrage PlatformAABC/3

1Background

▲

Bitcoin Liquidity Graph

As major research agencies are offering their analyses that demands of Bitcoin (BTC) are

exceeding its supply, it is found that the lack of liquidity in Bitcoin is severe than originally

anticipated.

Bitcoin accounts for excessive portions within cryptocurrencies.

But only a small portion of total volume of Bitcoin is currently in distribution. It brings up a

question how much volume of Bitcoin is currently available in the market.

The graph above is the evidence proving the fact that only a small portion of total volume

of Bitcoin is currently being distributed.

According to the research from Glassnode, a research institution on Bitcoin network, it was

found that 78% of the total volume supplied is not being traded in the market, and only 12%

of the 22% equipped with liquidity is carrying the actual liquidity.

The lack of liquidity functions as an entry barrier against institutions and actual investors at

the market where Bitcoin is actually being traded.

AABC Platform was established for the purpose of building an efficient trading market by

addressing the adverse effects within the market arising from the lack of liquidity and

differences in market environments as well as discrepancies among investors, vitalizing the

transactions and lowering the entry barrier for investors.


2Market Environment

2.1 Different Service Fee Policies by Exchanges

▲ Comparison of transaction fees at 6 major cryptocurrency exchanges in Korea

The foremost consideration which investors look into when making their first investment is

the transaction fees.

Transaction fees are appropriated differently since they are prone to differ depending on

the trading services by the exchanges and turnover ratios by accounts.

4 out of 6 major exchanges in Korea offer transactions fees at relatively high levels.

Most major exchanges in overseas also set their transaction fees at the similar level with

most Korean exchanges unless turnover ratio is notably high.

2.2 Low Trade Liquidity

Exchanges of 6 Major Virtual Assets (Cryptocurrency)

Comparison Transaction Fees in Korean Currency Market

Rank of Transaction Fees (ascending order)

Virtual Asset Exchange

Transaction Fee Ongoing discount events at existing 0.129%

0.10% of Growth Market 0.04% available upon application of policy coupon worth ₩2

million KRW


The chart above shows the trading volumes of major exchanges trading coins.

Only the number one exchange shows the transactions reaching approximately 10% of

total trading volumes whereas the exchanges between the number six and ten struggle to

match 5% of the trading volumes.

It means that the liquidity is quite lower than the volumes actually exposed by the news

articles or media outlets.

2.3 Different Price Movements by Exchanges

The chart above displays the movements of Bitcoin prices by minutes at 4 major

cryptocurrency exchanges in overseas.

With cryptocurrency, the movements may show similar flows because quote prices differ by

each exchange unlike security exchanges; however, there is an innate problem where

trading prices at the same hours may be slightly different.

It makes the investors trading at the exchange where they have their accounts unable to

be convinced whether the trading price of cryptocurrency trading at the specific exchange

represents the optimal trading price from the perspective of investors.


2.4 Different Transaction Speeds Based on Server Speeds by

Exchanges

As of today, most exchanges trading cryptocurrency are operating by utilizing cloud

servers.

It may incur different order speeds from the perspective of traders depending on the

options of the service operated by the exchanges even if such exchanges employ the

identical cloud server.

Moreover, order speeds may differ based on the trading environment under which traders

are.

Especially, when quote price orders are surging as market fluctuation increases, it is highly

likely to face a satiation where no trades can be made because the servers are down.

We hereby intend to recommend transactions through AABC Platform in order to

minimize disadvantages arising from the discrepancy in market environments and

promote efficient trading environments.


3 Driving Principle

3.1 Trader

1. Procurement of liquidity: Liquidity can be secured at the AABC single account by

increased total liquidity through accesses by the exchanges with bigger trading volumes

and supply of materials from OTC liquidity suppliers.

2. Procurement of transaction speed: Transactions can be made at optimal prices through

procurement of highest transaction speeds based on NPR (Net-Price Routing) algorithm

developed by AABC.

3. Saving of fees: The costs to process orders will be lowered by means of transactions

through accesses made by OTC markets and major exchanges. It brings effects of saving

the fees by 28% for traders.

3.2 Hedge Fund

1. Profit maximization: According to the transaction data of AABC, it delivers effects of

profit improvements by $2.24 per $100 based on the industry standards for AABC

accounts with transactions through major exchanges and OTC liquidity suppliers.

At the same time, it guarantees the reliability of transactions by maintaining the stable

server status.

2. AUM Expansion: It provides the safe and tailored encrypted transactions for customers

and the management of portfolio through SMA (Separately Management Accounts), and

it also enables easy management of multiple client portfolios at a single account.

3. Security enhancement: It is the industry’s best solution for cold storage of encrypted

assets and wallets based on patented ‘AABS SAFE’ system.

Procurement of

liquidity

Management

efficiency

Procurement of

security

Compliance with

regulations

Financial

Institutions

Advisor Trader

Saving of fees

Hedge Fund

Profit

maximization

AUM

EXPANSION

Security

enhancement

Procurement of

transaction

speed

Procurement of

reliability

Compliance with

regulations

Procurement of

security


3.3 Advisor

1. Compliance with regulations: It fully complies with regulations, including the U.S.-

based FinCEN regulation, through partnership with various American banks and

regular audits of security and finance.

2. Procurement of security: It operates the industry’s best solution for cold storage of

assets and wallets based on patented SAFE system.

3. Management efficiency: Investments can be made to various types of cryptocurrency

from a single account, and the price, balance and investment history can also be

easily verified.

3.4 Financial Institution

1. Procurement of reliability: It secures reliability through integrity of HTF transactions

and trading by accessing major exchanges and OTC markets.

2. Compliance with regulations: It fully complies with applicable regulations through

long-term partnerships established with federal and local regulatory authorizes in

the U.S. and other countries.

3. Procurement of security: It is capable of operating a solution at the enterprise level

through ‘AABC SAFE’ wallet and storage solution.


3.5 Platform Ecosystem

1. Investor: Investors are to receive 65% of profits when profits are applied based on investment

matching through AI of AABC Platform when placing orders for transactions.

2. Investment products: When an investor places an order, investment matching is offered through

AI of AABC Platform.

3. Trade platform: Institutional investors are to attain profits through transaction fees when engaging

in arbitrage trading in cash.

Investor (Investment matching)

Transaction order

Revenue sharing

(Payment of 65%)

Transaction order

Profit application Investment

products (AI, artificial intelligence)

Arbitrage Trading in Cash Transaction

Fees

Trade platform (Transfer, trader)


4 Accessibility

4.1 AABC Pro

- Liquidity trading is allowed in abundance from a single account while liquidities of upper

exchanges based on trading volumes and OTC liquidity suppliers are being supplied.

- Moreover, when one of suppliers turns offline, sustainable liquidity can be secured as the

automated smart order routing transfers the order to other traders who are online at the

time.

- It allows transactions with low fees through algorithm for order placements at optimal

prices and procurement of liquidity through AABC Platform.

- Through ordering algorithm of AABC Platform, it allows edge transactions capable of

discovering hidden opportunities in the market.

- It ensures easy risk managements for possible losses through conditional orders,

including Smart Routed Stop-Loss, Trailing-Stop, OTO and OCO.

4.2 AABC Flash

- All orders are handled through high-end smart order routing technology, and the world’s

optimal price is automatically offered.

- Flash orders are immediately executed without any impacts on markets.

- Through price alarms prior to order placements, it elevates efficiency at the time of entry.

- Flash can be traded at all times through a means without any fees.


4.3 AABC SMA

- It is a cooperative platform enabling both asset managers and investors to manage

customer portfolios.

- Assets are directly owned by investors, and portfolios are managed by professional

fund managers unlike mutual funds or ETF.

- A single account manages a number of customer accounts and makes easy

movements between customer portfolios.

- It enables direct transactions from an account on behalf of customers without having

to manage the fund at the account.

- All orders are automatically executed at the lowest price through the execution

algorithm and order types of AABC mobilized by Smart Order Routing.

4.4 AABC DARKPOOL

- Dark Pool is a liquidity service completely hidden for massive orders.

- Transactions can be made in an exclusive manner at the Dark Pool or in an private

format through Dark Pool, OTC and disclosure liquidity without any additional costs.

- One of its distinctiveness is that a transaction can be made while completely hidden

from traders and liquidity suppliers.

- Under the Dark Pool environment, the most competitive fair market value can be

created where orders are privately filled or orders are executed through exchanges,

OTC and Dark Pool liquidity.

- It is capable of preventing market price fluctuation arising from massive orders and

executing orders at intended prices with the intention hidden at the open market.

- High-end and premium orders of AABC are to be processed through liquidity of

exchanges, OTC and individuals by means of automatic interaction with Dark Pool.

- With Dark Pool, there is no need to wait until the transaction award time since it

searches tradable quote prices in real time.

- It brings tradable quote prices from the sport markets by using the order types of

sniper and polar bear.

4.5 AABC API

- By providing API and websocket feed, AABC is capable of accessing market data,

managing accounts and generating/canceling orders.


- It supports program languages of shell, python and javascript.

- It secures transactional stability and reliability through operating ratio of 99.99% for

24 hours and 365 days.


5 Order Types

* Market Price: It processes the entire orders through immediate purchase or sales at

the best available current price throughout all liquidity suppliers connected to AABC.

- When to use: Where prompt transactions are required;

* Limit Price: It processes orders of purchase or sales at specified prices.

- When to use: Where transactions at specified prices are required;

* SMART ROUTING: Smart Routing is designed to divide and deliver an order to many

exchanges for the optimal transaction award price by routing the order at an optimal

price to the exchange.

- When to sue: Where an order is required to be promptly completed;

* Stop Loss (STOP): It limits the loss for positions where a transaction is currently in

progress.

- When to use: Where intending to limit the losses when the market moves to a

direction opposite to the position while owning the position;

* TRAILING STOP: It liquidates the position when a profit/loss ratio falls to a certain

extent after initiating surveillance when a certain profit/loss ratio is reached for the

purpose of maximizing the earnings ratio.

- When to use: Where intending to limit the fall of earnings ratio as a certain earnings

ratio is reached even though hoping to secure profits since the position is elevated;

* HARE: It executes an order at the optimal price while not lowering the order award

speed.

- When to use: Where intending to execute an order at the optimal price as soon as the

execution of transaction at the intended scale is verified;

* GORILLA: It executes an order by minimizing the impacts on the market by dividing

massive order to numerous ones.

- When to use: Where intending to execute an order while not escalating the market

fluctuation through massive orders;


* POLAR BEAR: It executes an order at an optimal price without reflecting the quote

price when a limit prices is reached.

- When to use: Where intending to execute an order while not reflecting the order at

an optimal price on the quote price;

* TORTOISE: It is an algorithm optimizing the order routing in order to offer optimal

prices.

- When to use: Where waiting for an optimal price better than the ordered price after

the order is executed;

* SNIPER: It executes an order at an optimal price while minimizing the slippage

without reflecting the quote price.

- When to use: Where intending to execute massive orders in a prompt manner under

the volatile market fluctuations;

* Time-weighted Average Price (TWAP): It executes orders at regular intervals of time.

- When to use: Where intending to execute an order at an average price at specified

intervals of time;

* Flash (INSTANT): It executes an order without fees.

- When to use: Where intending to execute an order as quickly as possible without fees;


6 AABC Platform

From the details previously presented, we were able to learn the discrepancy we are forced

to experience due to lack of liquidity which rises from incomplete market environments as

time passes by.

We hereby introduce AABC Platform in order to address such discrepancy and elevate the

efficiency of investments.

The basic design concept of AABC Platform represents Arbitrage Platform as clearly

indicated by the name of the project itself.

6.1 Arbitrage (Arbitrage Trading)

A trader purchases assets from one exchange and earns profits by selling the assets at

higher prices at other exchanges. There is no limit upon how many positions a trade holds

or how many transactions a trader engages in, and the ultimate goal is to quickly collect

the profits by conducting a number of transactions.

6.2 Triangular Arbitrage

Triangular arbitrage allows a trader earning profits from price differences among 3 different

exchangeable assets without having to leave the platform. Since many exchanges offer a

variety of transactional pairs, a USD fund can be converted to BTC, ETH, TRX and USDT.

Traders may be able to occupy dominance over the markets with 3 or more

cryptocurrencies at favorable prices.


Through approaches to the market based on the concept stated above, a platform capable

of arbitrage trading was established.

After a trader executes a purchase order at an optimal price based on a quote price

provided by the exchange and OTC liquidity supplier connected within AABC Platform upon

placement of order through connection with major exchanges, it allows the execution of the

sales order at an optimal price through the algorithm identical with that of the purchase

order at the times of order placement at the intended purchase price.

6.3 Strength of AABC Platform

- Quick profits: It allows engaging in transactions and earning profits immediately upon

discovery of opportunities. Unlike mid-to-long-term investments where specific assets

need to be held for a specified period of time, the arbitrage trading of cryptocurrency

practically enables instant profits.

- Market entry at early phase: Cryptocurrency markets are still in their early stage. It means

that arbitrage trading of cryptocurrency is fully available for a substantial period of time

until the market steps into a stabilized phase.

- Volatile fluctuation: Compared to conventional stocks and bonds, it leads to fluctuations at

substantially high levels. It brings even bigger changes through platforms different from

each other, and it also delivers more opportunities to arbitrage trading.

Exchange 1

Exchange 2

Exchange 3

Exchange 4

Exchange 5

Exchange 6

Exchange 7

Exchange n


6.4 AAPC Supplementing Weaknesses of Existing Arbitrage

Trading

Because of problems embedded in the existing arbitrage trading, it has been only

existent as a strategy employed institutional investors since it had significant entry

barriers against general investors.

- Security: A central bank taking responsibilities for lost funds or cancelling transactions

has been nowhere to be found around the whole world. Assets need to be stored at

numerous exchanges in order for arbitrage trading to be executed.

- Fees: The fees payable for arbitrage trading may amount to substantial amounts. Such

fees are prone to significantly cut off attainable profits.

Due to these two types of weaknesses, it is safe to say that there is almost no investor

actually utilizing the entry barrier as a trading strategy while such investors’ barriers only

exist in a theoretical manner.

However, AABC was made possible for being used as an actual trading strategy based on

the security-related and technical consultations from Lambda256 and Hexlant in order to

supplement such weaknesses.


7 Scalability of AABC Platform

We have so far examined the strength of arbitrage and platforms, the basic design concept

of AABC Platform.

From this point on, we would like to discuss the scalability by mobilizing the strength of

AABC Platform.

Currently, the cryptocurrency ecosystem is rapidly expanding, and the speed of its

evolution is in a torrid pace.

In 2020, the blockchain ecosystem containing cryptocurrency displays notable activities and

growth potentials compared to other industries growing fast.

Subsequently, we are planning on expansion of platforms to prepare for the future by

refusing to be complacent.

We will now look into the scalability using DeFi and NFT, which garners attention as main

themes of future markets.

7.1 DeFi DeFi in Comparison with Traditional Finance FinTech

DeFi Traditional Finance FinTech

Broker Minimum Traditional financial institutions

FinTech business

Regional limitation None Present Present

Issuance of currency Blockchain protocol State & Central Bank

Broker Blockchain network Traditional financial institutions

FinTech business

Trading of assets Decentralized exchange Stock exchange -

Means of Investment Financial products/services through token

Stocks, bonds, etc. FinTech loans & investment products

Source: Text Finance, SK Finance


DeFi is a shorten form from ‘Decentralized Finance.’ DeFi is originated from the 2008

global financial crisis just as Bitcoin. Changes arose after the bankruptcy of Lehman

Brothers completely destroyed the reliability of financial institutions, and it led to the

beginning of DeFi as well. Furthermore, as traditional currencies transform into digital

assets, these phenomena are being further accelerated.

7.2 NFT

Tokens can be subdivided into two different types: a fungible token (FT) that is

replaceable and non-fungible token (NFT) that is irreplaceable. All replaceable tokens,

such as Bitcoin, Ethereum and Litecoin, are a type of FT. NFT means a token with scarcity

where each token has different values with distinctive nature as a type of token that is

distributed within blockchain.

NFT can turn just about everything into tokens. General cases of NFT’s use are as follows:

- Game items (rare skin or weapon);

- Encrypted assets and address;

- Actual assets (ownership);

- Luxury items converted into tokens;

- Digital arts and music;

- Collections (art works and the works created through authors’ artistic activities);


As shown above, the early ecosystem of cryptocurrency was under the concept of

replaceable assets; however, as it evolved into a concept equipped with ownerships at

the more evolved phase, asset relocations of traditional asset groups are now being

occurred.

With the latest trends of blockchain technologies reflected, AABC Platform is currently in

progress of taking a leap into further evolved platforms.

While carrying the previous strengths of AABC Platform, it is now capable of expanding

into a platform allowing the trade of irreplaceable assets (NFT) in addition to replaceable

assets (FT) through expansion of DeFi and NFT, the latest trends, into existing platforms.

Moreover, as transactions through DeFi ecosystem have become available, the weakness

of deepening lack of liquidity can be now supplemented.

Exchange 1

Exchange 2

Exchange 3

Exchange 4

Exchange 5

Exchange 6

Exchange 7

Exchange n

NFT Exchange


▲

Trading volumes and traders of NFT for the past one year

The chart above depicts the trading volumes and traders at major NFT exchanges for the

past one year. It displays rapidly increasing trends as previously shown from the activities

and growth speed of the blockchain industry.

Based on these trends, it is believed that NFT is fully capable of addressing the issue of

insufficient liquidity with replaceable assets (FT).

7.3 HOA TOKEN(NFT)

▲ DeFi Swap Method


DeFi system of AABC Platform can be deemed as similar to UniSwap, which incited the

booming popularity of existing DeFi, rather than a system controlled by traditional

decentralized loans. It means that the system offers liquidity and collects compensations

accordingly. In addition, one of the notable characteristics bestowed by the liquidity of

AABC Platform is the fact that compensations from the provision of liquidity pools can

be earned if certain conditions are fulfilled.

Liquidity pools are mined through HOA Token (NFT), a swap token of AABC Platform,

and listing at a large-scale exchange is planned with HOA Token (NFT). Further down

the road, interlink with the main net is also under development for a future plan.

7.4 Payment

AABC is to build a payment platform through systematic interlink with local banks,

virtual assets exchanges and PG companies, and also to provide payment services based

on electronic wallets and mobile apps.

AABC token is basically utilized for the payments means of payment services,

PG Company

Authentication Inquiry of transaction history

Token exchange

Virtual asset trading

Stores

Product Services

User

Authentication Token charge

Token exchange Virtual asset trading

Payment Service Provider

Bank

Cryptocurrency

Exchange


- Usage: Art galleries, streaming services (Africa TV), distribution industries (Auction, E-

Bay, Coupang, E-Commerce);


7.5 Joining BSC Chain

Binance Smart Chain (BSC) is a new blockchain fully featured with all functions to

develop high-performance decentralized applications. It was built for compatibility

between Binance chain and cross-chain, and users can be benefited from both

blockchains.

Cross-chain Compatibility

Binance Smart Chain (BSC) was developed as a system which is independent from

existing Binance chain yet developed in order to supplement such issues. It employs a

dual chain structure and is capable of freely transmitting assets between blockchains.

Through the above, it not only utilizes a quick trading function within Binance chain but

also is capable of building a powerful decentralized app on Binance Smart Chain.

BSC X HOA

HOA is to freely appreciate the liquidity of DeFi by securing the liquidity through wide

ecosystems in addition to the strength of cross-chain compatibility embedded in Binance

Smart Chain (BSC). Based on the above, HOA is bound to substantially expand the

usability for platform users and also to integrate various latest protocols to get rid of

discrepancies among numerous blockchains. At the same time, its ecosystem will be

formed with the issuance volume of 1 billion, and it is to realize the Burn function and

the function sustaining the ecosystem through Dpos.


8 Token

8.1 Plans on Issuance and Distribution of Token

40% of total issuance volume represents the sales volume.

Sales fund will be focused on the investments to procure technologies and infrastructure to

ensure the business sustainability.

30% will be held by the company.

In the future, compensations will be given to investors through Airdrop, including the

volume to burn if deemed necessary.

15% will be given to partnerships.

AABC has close relationships with renowned businesses both in Korea and overseas. It will

be used as incentives for the purpose of compensations allotted for partners participating

in the construction of business and in order to encourage those partners continuously

joining the network.

10% is allocated for marketing purposes.

It will be used for marketing costs required to build an ecosystem network.

5% will be allotted to advisory groups.

It will be used as considerations for advisors supporting and assisting the construction of

networks and business infrastructures in technical, legal and business capacities.

30% owned by

the Company Advisory Group

5%

Marketing 10%

Partnership

15% Sales 40%


9 Roadmap

Interlocking with Hexlant Token Bank Signing of 499 Block Partnership

Release of API Platform, automated trading algorithm

Copyrights of artworks at Cheongdam-dong’s renowned galleries & signing of partnership

Listing of HOTBIT Korea Signing of HOA Corporation Partnership

Release of Main Net & Listing Pairing & interlocking of liquidity swap token

Signing of BV Capital Partnership Full mobilization of overseas massive liquidity

Scheduled to be listed at Korea’s massive-scale exchange Construction of AABC Token & AABC Point

Construction of automated trading algorithm API & expansion of ecosystem

Establishment & expansion of partnership store of AABC copy trading

Release of AABC copy trading APP Construction of blockchain-based Tx DB & offering of portal trading service


10 Partners


11 Disclaimer

Please be advised to read this legal disclaimer with all due care. If you are not convinced

with your future behavior, it is highly recommended to seek professional consultations from

legal and financial experts. Since this White Page is distributed as is at the time of preparation for the purpose of

providing information related to the project, it shall not imply any contractual obligations. All

details disclosed may be subject to free amendments pursuant to requests for modification

by regulatory authorities under the legal compliance obligations or based on inevitable

grounds during the course of business operations. Notwithstanding the above, when AABC

changes the features of tokens, this White Page shall be updated accordingly where such

updates shall be announced through the official website of AABC.

All information and data contained in this White Page was collected and gathered from

reliable sources; however, the information or data from third party sources mention here

have not been independently authenticated or fundamental assumptions were verified.

Though the White Page was prepared based on reasonable grounds, it shall not suggest

complete guarantee of accuracy.

Trades of AABC Token are engaged in by voluntary willfulness of participants. Hence, diverse

information, including the White Page offered by AABC, shall be reviewed and examined. As

adverse effects may be conveyed to individuals in unforeseeable manners, please prepare

yourself for unforeseeable combination of new risk factors or uncertainty arising from

variation of them. Unlimited periods of financial risks may apply. A model of this White Page is not designed to protect any administrative regulations or

excessive investments of customers; however, we are dedicated to complying with all

regulations and determined to place the highest priority on the benefits of participants with

respect to decisions without any current regulations or with potential controversies. Some narratives expressly stated in this White Page contain speculative statements

concerning the future and prospects of the project. Predetermined outcomes may differ, and

no pledges or claims shall be made with regard to such outcomes. Explanations have been

offered under the premise that AABC Platform will be operated under perfect conditions;

however, it shall not be construed as a warranty or pledge for the completeness of the

platform, and no legal liability shall be rendered to all behaviors practiced under such

interpretations.

Because AABC Token does not carry any authorities to participate in the operation of AABC

Project, no person shall deem him/herself as being bestowed with authorities or


representing the project even if information or description of AABC is delivered. It means

that no elements concerning contractual relationships are included. Future features intended

by development platforms shall be provided with regard to AABC Token, and all proceeds

from AABC businesses may be freely used for development of businesses and platform. You must fully understand and consent to the terms and conditions for the purpose of

legitimate and upstanding participations. Consent to the terms and conditions as well as

provision of personal information are essential to participations, and no liability shall be

assumed for all damages arising without any consents. Whole or part of this document shall be not duplicated or distributed within jurisdictions

where the methods issuing AABC Token expressly described in this White Page are restricted

or prohibited.

Documents

Arbitrage Analysis Beyond Commodity