DRAFT - ICORating · CCINT - Cryptocurrency Intelligence DRAFT White Paper v1.5 B a c k g r o u n d CCINT is an initiative of Zoorobotics BV. operating using the trade name “Semlab”

CCINT

Cryptocurrency Intelligence

White Paper v1.5

DRAFT

CCINT - Cryptocurrency Intelligence DRAFT White Paper v1.5

Disclaimer The purpose of this White Paper is to present CCINT and CCINT Token to potential token holders in

connection with the proposed Token sale. The information set forth below may not be exhaustive

and does not imply any elements of a contractual relationship. Its sole purpose is to provide relevant

and reasonable information to potential token holders in order for them to determine whether to

undertake a thorough analysis of the company with the intent of purchasing CCINT Tokens.

Nothing in this White Paper shall be deemed to constitute a prospectus of any sort or a solicitation

for investment, nor does it in any way pertain to an offering or a solicitation of an offer to buy any

securities in any jurisdiction. This document is not composed in accordance with, and is not subject

to, laws or regulations of any jurisdiction, which are designed to protect investors.

CCINT Token is a utility token. This product is not a digital currency, security, commodity, or any

other kind of financial instrument and has not been registered under the Securities Act, the

securities laws of any state of the United States or the securities laws of any other country, including

the securities laws of any jurisdiction in which a potential token holder is a resident.

CCINT Token cannot be used for any purposes other than those provided in the White Paper,

including but not limited to, any investment, speculative or other financial purposes.

CCINT Token is not intended for sale or use in any jurisdiction where sale or use of digital tokens may

be prohibited.

CCINT Token confers no other rights in any form, including but not limited to any ownership,

distribution (including but not limited to profit), redemption, liquidation, proprietary (including all

forms of intellectual property), or other financial or legal rights, other than those specifically

described in the White Paper.

Certain statements, estimates and financial information contained in this White Paper constitute

forward-looking statements or information. Such forward-looking statements or information involve

known and unknown risks and uncertainties, which may cause actual events or results to differ

materially from the estimates or the results implied or expressed in such forward-looking

statements. White Paper can be modified to provide more detailed information.

This English language White Paper is the primary official source of information about the CCINT

Token. The information contained herein may from time to time be translated into other languages

or used in the course of written or verbal communications with existing and prospective customers,

partners etc. In the course of such translation or communication some of the information contained

herein may be lost, corrupted, or misrepresented. The accuracy of such alternative communications

cannot be guaranteed. In the event of any conflicts or inconsistencies between such translations and

communications and this official English language White Paper, the provisions of this English

language original document shall prevail.

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Contents

Disclaimer 2

Contents 3

Introduction 4

ICO 5

Background 6

Market 8

Product 10

Pricing 13

Users 15

CCINT Tokens 16

Roadmap 18

Financial Projections 19

Team 21

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Introduction CCINT stands for the authoritative source of cryptocurrency media intelligence. CCINT are utility

tokens required to gain access to a range of data feeds of the lowest possible latency containing the

current media sentiment of ultimately all tradable cryptocurrencies. The data feeds are created by

our advanced natural language processing system and will be expanded to monitor all accessible

main news channels.

CCINT enables traders to automatically capture the impact of news on crypto coin portfolios and ICO

initiatives. The data feeds will be invaluable input signals for any active cryptocurrency trading

strategy. To ensure feed exclusivity and maintain the buyer’s competitive edge, the feeds will

periodically be sold at auction in exchange for CCINT tokens. The ranking of the bids determines the

latency of the feed. In addition, the most valuable lowest latency feed will also be available for a

fixed price of 100,000 CCINT per month. A delayed feed will be publicly available for free.

All transactions, including the auction, run on the Stellar decentralised blockchain network to 1

ensure safety, speed of execution and minimal transaction fees.

A fixed amount of 100 million CCINT tokens will be created and distributed through the ICO and will

be immediately tradable after activation on the Stellar decentralised exchange (SDEX).

CCINT is an initiative of Semlab, the leading artificial intelligence and natural language processing

company of The Netherlands. Semlab has over 18 years expertise in sentiment analytics in the

trading community.

1 www.stellar.org

3

http://www.stellar.org/


ICO To obtain the funds required for the development and maintenance of the cryptocurrency data feed,

the CCINT cryptocurrency will be released. The CCINT tokens can be exchanged to gain access to the

data feed. No other token or currency will be accepted in exchange for this feed.

The CCINT tokens will be made available through a Initial Coin Offering (ICO) in which the full

amount of tokens are created. The initial market value per CCINT is fixed at 0.0004 Ethereum (ETH).

The full details of the ICO are listed in the following table:

Table 1: CCINT ICO details

Start Date 1st October 2018, 10:00 AM (UTC+1)

Duration of Token Sale 61 days, until 30st November 2018 23:59:59 (UTC+1)

Price of CCINT token 0.0004 ETH

Option for early termination No

Maximum number of tokens 100,000,000 (one hundred million)

Adjustable distribution Unsold tokens will remain property of Semlab, and subject to market conditions offered for sale.

Further token issues No

Secured methods of token purchase Bitcoin (BTC), Ethereum (ETH)

Mincap $1 million USD, all funds will be returned

Token distribution supported No later than 14th December 2018 23:59:59 (UTC+1)

Token activation date 14th December 2018

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Background CCINT is an initiative of Zoorobotics BV. operating using the trade name “Semlab”. We are a software

company based in The Netherlands, specialising in practical applications of artificial intelligence.

Incorporated since 2000, we have developed a leading market position in natural language

processing (NLP). The overall reason why our customers use our services is to process information

quicker and more reliably than currently possible using operator-based systems. Our products are

mainly used in-house or licenced as white labels to be marketed by our clients (using their own

brands).

Our clients range from leading insurance agencies seeking to automatically process claims to

government organisations struggling to keep up with increasing demand. International banks and

trading firms have a particular interest in our product since it enables them to process possible

market moving information quicker than their competitors. This translates into a competitive edge

with regard to trading news-sensitive commodities.

The figure below is a screenshot of a media sentiment application front-end also available at

https://newssentiment.semlab.nl/. This illustrates the financial use case. Our backend systems

continually monitor a range of data sources. The NLP engine analyses the news messages and

extracts news events that are expected to have some impact on, in this case, a listed company. The

impact is classified into quantitative impact values indicated by color, ranging from red (negative

impact) to green (positive impact) and displayed in the user interface.

Figure 1: NewsSentiment web application user interface.

The application automates the effective evaluation of textual news. In addition to various web

application front-ends targeted at human users, it also provides an API enabling fast (low latency)

5

https://newssentiment.semlab.nl/


machine to machine communication. It supports trading systems to assess whether emerging news

affects the value of a specific equity, bond or other asset classes, and it provides an estimate of the

magnitude and direction in which the value of a security may be affected.

A second example of a finance oriented front end running on our media sentiment data feed is the

newstape. This is available at https://newstape.semlab.nl/

Figure 2: News sentiment tape web application (NewsTape).

Our text analysis engine uses leading-edge semantic technologies and was awarded innovation funds

from the European Commission. The NLP engine has proven to be fast and reliable in terms of

attaining the highest possible recall and the highest possible precision. Furthermore, the systems is

fully scalable to rapidly process huge amounts of data.

6

https://newstape.semlab.nl/


Market We are confident that the current market situation is very well suited to the introduction of the

CCINT cryptocurrency sentiment value proposition of unbiased fast media sentiment. Our market

analysis can be summarised into the following four main conclusions:

Cryptocurrencies are here to stay

As far as this statement needs any confirmation, the market capitalisation statistics are very clear. In

February of 2018 the global cryptocurrency market surpassed the barrier of $550 billion . Over 2

1,500 cryptocurrencies have been introduced to date and the number continues to grow. The total

number of crypto trading platforms exceeds 8,200 with a 24h Trade Volume of more than $20 billion

3

Recent studies indicate that this is only the beginning. 30% Of millennials would rather invest in

cryptocurrency than in anything else. From 2018 onwards more institutional investors will start 4

trading cryptocurrencies, especially BTC, ETH . 5

Cryptocurrencies are highly volatile

Volatility refers to the amount of uncertainty or risk about the size of changes in a security's value.

This means that the price of the cryptocurrency can change dramatically over a short time period in

either direction. High volatility in general presents many opportunities to active traders.

The crypto currency market in 2018 is extremely volatile: the 7 days biggest gainers exceeding

2,100% and losers -540% in an average month in 2017. Hour gains in January 2018 are up to 810%

and losers -350% . A blind investment in every initial coin offering to date, including those that have 6

failed, would have generated an average return of 1,320% for investors . 7

Media sentiment affects asset prices

There are numerous studies concluding that published news stories have an important effect on the

direction of the stock market, its volatility, the volume of trades, and the value of individual stocks

mentioned in the news . In an extensive in-house study, J.P. Morgan has concluded that “Company 8

News flow has an undeniable impact on stock prices” and “Depending on how positive or negative

the news item, it can even represent the most important element defining a stock’s annual

2 https://coinmarketcap.com/charts/ 3 https://coinmarketcap.com/all/views/all/ 4 https://www.forbes.com/sites/andrewarnold/2018/01/07/30-of-millennials-invest-in-cryptocurrency-here-are-3-tips-to-help-you-do-it-smarter/#607fb1e27861 5 https://cointelegraph.com/news/institutional-investors-will-bet-big-on-cryptocurrencies-in-2018 6 https://coinmarketcap.com/gainers-losers/ 7 https://www.businessinsider.nl/ico-mangrove-capital-average-returns-crypto-icos-2017-10/?international=true&r=UK 8 S. Kazemian e.a., Evaluating sentiment analysis, Proceedings of the 5th Workshop on Computational Approaches to Subjectivity, Sentiment and Social Media Analysis, Baltimore, Maryland, USA. June 27, 2014

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Performance”. In fact, our own research has shown that using our method of semantic news 9

analysis an improvement of market direction prediction of up to 19% can be made by using a

combination of market sentiment and semantic news events from financial news messages . 10

As cryptocurrencies are in essence relatively volatile assets, a similar ractiveness to news events can

be expected . Recent events have illustrated this by showing strong market reactions to media 11

announcements. In April 2017, for example, Japan started treating Bitcoin as a legal form of payment

driving a sudden increase in the Bitcoin price in US dollars , while in February 2017 a change of 12

regulation in China resulted in a $100 price drop . 13

No reliable media sentiment source available

Currently, a computer readable low latency data feed of crypto intelligence simply does not exist. In

fact, there is not even a comprehensive source of reliable information available to investors and

traders. The current market insight is limited in scope and depth and generally insufficient to make

informed business- and investment decisions. Despite its increasing relevance in the financial world

most news articles and studies have focused exclusively on the behavior of a few cryptocurrencies

like BTC, ETH, RIP, LTC, NEO, XLM. Other news/blogs and websites produce extremely biased

information about their crypto ideas, ICO or currencies.

There is a lot of noise in the cryptocurrency market. It is hard to distinguish between valuable

content, disinformation and or non-relevant content. Even recent initiatives based on crowdsourcing

sentiment can be expected to struggle between valuable insights or orchestrated schemes to 14

encourage traders to HODL , FUD, FOMO, Shill, etc. Traders who bought a coin have an interest in 15

shilling the coin, in hopes of igniting the public’s interest in that particular coin. Such movements are

often attributed to low volume, hence the ‘pump’. Traders who pump, buying huge volumes, may

wish to invoke FOMO from the uninformed investors and then dump, or sell, their coins at a higher

price.

Conclusion

The preceding four points lead to the creation of CCINT. The high relevance of the cryptocurrency

market and potentially high gains due to its volatility create opportunities for traders and investors.

The fact that the news affects asset values, as has been repeatedly proven in equities markets, and

the current absence of a reliable source in the cryptocurrency arena leads to a high demand for the

CCINT value proposition: reliable, comprehensive, computer readable cryptocurrency media

sentiment with the lowest possible latency. CCINT is powered by the proven sentiment analysis

9 M.Dio cs., News analytics - can they add value to your quant process, Europe equity research, june 2011. 10 https://www.semlab.nl/portfolio-item/use-case-return-of-unexpected-events/ 11 https://www.mycryptopedia.com/what-affects-the-price-of-cryptocurrency/ 12 2017 Bitcoin soars to record high due to high demand in Japan. See http://time.com/4763114/bitcoin-record-high-japan/ (accessed 5 June 2017) 13 2017 Bitcoin drops by $100 as China’s central bank corrals the market. See http://www.cnbc.com/2017/02/10/bitcoin-drops-by-100-as-chinas-central-bank-corrals-the-market.html (accessed 5 June 2017). 14 santiment.io 15 HODL: Hold your currency. FUD: Fear, Uncertainty and Doubt. FOMO: Fear Of Missing Out. Shilling: The act of unsolicited endorsing of the coin in public

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engine of Semlab, which has been running successfully for over 7 years in high-frequency trading

applications of multi-asset trading services.

Product The core product that can be obtained by spending CCINT tokens is a quantitative data feed

containing the following cryptocurrency attributes:

Media sentiment

The core component of the datafeed is a quantitative measure of the current media sentiment

concerning individual crypto currencies. The data feed is automatically compiled by continuously

monitoring public news sources using state-of-the-art natural language processing technology. Any

news message expressing sentiment values regarding a crypto currency is detected and classified to

determine its most probable impact. The impact is expressed as a quantitative value on a 10 point

scale.

Figure 3: Product main components

The input data is obtained from a wide and continuously expanding number of sources in a wide

range of languages. This effectively enables us to dampen any biases and capture a reliable and

consistent overall impact score at any moment in time.

ICO Due diligence

In addition to the media sentiment data, the CCINT data stream will also contain essential

information about cryptocurrency initial coin offering (ICO) announcements. The language

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technology supporting the CCINT data proposition is capable of detecting a wide range of aspects in

ICO whitepaper documents. The data will be extracted from the whitepaper and converted into

machine readable content. This enables our users to filter the the continuously growing number of

ICOs according to their own criteria. And since the extracted data will be automatically normalised

and formatted, upcoming ICOs are easily compared to identify the most promising investment.

For example, the set of attributes extracted from the ICO whitepaper will contain:

- Start date, duration and token pricing details (presale, main sale)

- Founders name and contact details (time to launch)

- Product type and maturity

- Market sector

- Token type (equity, utility)

- Technology base (ERC 20, Stellar etc.)

- Management team (seniority, experience, country of origin)

- Advisors (technical, strategic, legal etc.)

- Community reach

And since we are monitoring the media for our token sentiment we will also be in the ideal position

to establish a value for the media exposure of the announces ICO to estimate their chance of

succeeding.

API

The low latency datastream will be published on a secured API that can be consumed over internet.

In addition we will also develop dedicated low latency data connections for high frequency users.

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The datastream can be connected by direct API to in-house software or viewed using one of our

client applications. We will offer both a web client and a mobile client for IOS and android platforms.

For the API we will provide two basic types of data output:

Note: the examples below are for illustrative purposes only. The actual feed may differ.

1. A list of events with their related cryptocurrency and impact:

e.g. [{"date":1243237219000,"event":"Event XXXX","token":"XRP",”source”:”url”,"impact":1},...]

The map inside the array has five fields:

date – date/time of the event

event – event label

token – identifier of the token subject to the event

source – the url of the datasource

impact – impact of the event on the token

2. A list of tokens with their aggregated impact:

e.g. [{"count":13,"token":"XPR","impact":-5},...]

The map inside the array has 3 fields:

count – count number of times the token is mentioned in the given date domain

token – identifier of the token

impact – aggregated impact

The data can be gathered through a https GET using a client certificate and truststore to ensure secure

connection. The request URL can include a query to define the scope of the requested data:

● start: the start date/time, as the milliseconds of the UTC date/time

● end: the end date/time, a the milliseconds of the UTC date/time

e.g. https://ccint.io/webapi/../current-events?start=1243314808199&end=1243325608199

Message mime types will be implemented as json, xml or binary. The binary data will be pushed over a TCP

socket. The format may be defined as :

byte 000,001: #

byte 002-010: date (8 byte) long - milliseconds since 1-1-1970 in UTC

byte 011-139: event label (128 byte 2 byte per character)

byte 140-164: token identifier (24 byte 2 byte per character)

byte 165-169: impact (4 byte) integer

etc.

The CCINT system receives (financial) news feeds from the widest possible range of news sources.

These streams are processed by using computational linguistics, formal logic and semantic analysis.

This way, CCINT determines the positive or negative impacts of the information described in the

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news on the coin assets that are relevant to the user. These impacts indicate potential risks and can

then be used to adapt the user’s trade decisions.

The output of the CCINT system consists of positive and negative impacts on crypto currencies and

additional quantifiers. The real-time information on news impacts can be viewed on any desktop

computer that has access to the internet or on a mobile phone. This configuration is mostly used to

support traders, risk-managers and portfolio analysts.

Since the output of the CCINT API is machine-readable, it can be integrated into trading systems. The

positive and negative news impacts can be combined with any other input to further optimise crypto

trade strategies.

To summarise, CCINT enables the automatic capture of the impact of vast amounts of unstructured

news in real time. This allows traders, analysts and researchers to respond more rapidly to sentiment

changes and stay ahead of their competitors.

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Pricing A CCINT data feed is priced in accordance to the following assumptions:

- The value of the feed is proportional to the number of traders that have access to the feed.

- The number of traders that become aware of any type of information can be approximated

in the first hours by an exponential growth function.

- The value of the feed is at its peak immediately after the data has become available.

- After 1 hour the feed has lost 50% of its original value.

- After approx. 12 hours the value decreases to a base level that can no longer be used for

active portfolio management.

In compliance with the assumptions above, the value of the feed as a percentage from its maximum

value (V) is described by:

(1 )V = − ttv=0

· et·ln(0.5· )tv=0t −tv=0 v=0.5

With:

t = time after disclosure

tv=0.5 = time at which value has decreased to 50%

tv=0 = time at which value has decreased to 0%

See also the following graph;

Figure 4: Media sentiment value as a function of time after disclosure.

The market value of a data feed expressed in CCINT tokens will be determined by auction. The

specifics of the auction are as follows:

- The feeds are sold for the duration of 1 (calendar) month.

- Every month the feed for the following month is put up for auction.

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- Bids will be accepted up to 24 hours before the start of the new month (UTC+1 23:59:59)

- Bids can be increased but not revoked.

- The highest bid will be visible for all auction participants.

Every bidder at the auction receives the feed. The latency of the feed depends on the height of the

bid as follows:

- Bidders will receive a feed that has been artificially delayed in accordance to the height of

their bid relative to the highest bid, and reflecting the value model described above.

- The highest bidder at the auction will receive the fastest feed (delay is 0).

- The delay decreases exponentially as a function of the percentage of the highest bid.

- The maximum delay is 10 hours

- A bid of 50% of the highest bid results in 1 hour delay

The amount of delay (D) in hours can be calculated by the inverse of the value equation described

above:

100% )D = Dmax · ( − b · eb·2·ln( )51

With:

Dmax = maximum delay (10 hours)

b = bid as percentage of highest bid

This results in the following graph:

Figure 5: Feed latency as a function of bid height.

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Users

Potential users of our service are in the professional financial service markets. Targeted customers

will be divided in Redistribution partners, Professional institutes and Trader users.

1. Redistribution partners: Exchanges, News agencies and Asset Management Platforms.

2. Professional institutes: Fund management service and hedge funds

3. Traders: Trading firms and prop traders.

Ad 1. Existing stock trading exchanges: New York Stock Exchange, NASDAQ, Japan Exchange Group,

Shanghai Stock Exchange, Euronext, London Stock Exchange, Deutsche Börse, Hong Kong Stock

exchange, Shenzhen Stock exchange, TMX Group, National Stock Exchange of India, Six Swiss, JSE,

BME, ASX.

Commodity exchanges: Chicago Board of Trade, CME Group, United States Metal Exchange, New

York Mercantile Exchange, United States Commodity Exchange, PEG Commodity Exchange.

Crypto exchanges: Bitfinex, Bitstamp, HitBTC, Coinone,Coinbase, Bittrex, Gdax, Etherdelta, Plus500,

Etoro, BVC, Binnace, 24option, Localbitcoins, Cexio, Xcoins, Kraken, Gemini, Github, Coinexchange,

Gemini, Coin atmradar, Okex, Bitmex, Bit-z, Bitpanda, Gateio, Exmo, Coinsquare, Gatehub, Liqui,

Poloniex, Hitbtc, etc.

News- and content providers: Thomson Reuters, Blackstone, Bloomberg, Dow Jones.

Ad 2. Institutional investors include BlackRock, Vanguard Asset Management, State Street Global

Advisors, Fidelity Investments, BNY Mellon Investment Management, J.P. Morgan Asset

Management, PIMCO, Capital Group, Prudential Financial, Goldman Sachs Asset Management Int.,

Amundi France, Wellington Management, Northern Trust Asset Management, Natixis Global Asset

Management, Allianz, TIAA Global Asset Management, Deutsche Asset Management Germany,

Invesco, Franklin Templeton Investments, T. Rowe Price, AXA Investment Managers France, Legg

Mason, Sumitomo Mitsui Trust Bank Japan, UBS Asset Management Switzerland/UK, Affiliated

Managers Group. The total AUM (Asset Under Management) is € 56.3 trn . 16

Hedge funds include Bridgewater Associates, AQR Capital Management, JPMorgan Asset

Management, Renaissance Technologies, Two Sigma, DE Shaw & Co, Millennium Management, Man

Group, Och-Ziff Capital Management, Winton Group, Elliott Management,

Ad3. Trading firms: High Frequency Trading: DRW, Virtu Financial, Quantlab, Cboe. Marketmakers

Optiver, Bank Julius Bär & Co. AG, BNP Paribas, Commerzbank AG, Credit Suisse AG, Deutsche Bank

AG, Flow Traders, Goldenberg Hehmeyer, IMC Trading, JP Morgan Securities, Morgan Stanley,

Raiffeisen Schweiz, Société Générale, Susquehanna, UBS, Unicredit.

16 https://www.ipe.com/reports/special-reports/top-400-asset-managers/top-400-asset-managers-2016-global-assets-now-563trn/10013542.article

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CCINT Tokens CCINT tokens are offered to the potential users through an ICO event starting on October 1st 2018.

The CCINT token is based on the decentralised Stellar blockchain network . CCINT tokens are valid 17

indefinitely and are the property of their respective holders.

CCINT is an initiative of Semlab BV. Semlab BV is registered in The Netherlands and subject to The

Netherlands law and market best practice audit in accordance with European regulations. Our

registration details:

- VAT: NL.8096.00286.B01

- Chamber of Commerce: 34139031

- D-U-N-S Number : 40-538-6728

CCINT are utility tokens, to be used to exchange for access to the CCINT crypto coin datastream.

CCINT tokens are not stocks, securities or their equivalent and therefore do not create the right of

ownership or disposal of Semlab or its assets. CCINT token-holders do not exert any influence over

the decision making of the company or its activities.

The token distribution is as follows:

- 65% Of the tokens will be available for the public crowdsale on October 1st 2018.

- To provide an incentive for the quality and continuous development of CCINT the

development team will receive 15% of the tokens vested for a period of 6 months.

- The key partners needed to successfully create the CCINT proposition will receive 8% vested

for a period of 6 months.

- 7% Will be held in reserve to be used by the CCINT management to incentivise key

participants at their own discretion.

- 5% Is reserved for a bounty program exchange for media coverage and early adoption

Figure 6: CCINT token distribution

17 www.stellar.org

16

http://www.stellar.org/


The bounty program is required to elicit support for participating in marketing and expert discussion

forums. Also the contribution of opinion leaders needs to be acquired and we intend to participate

in selected publications that specialise in Cryptocurrency and blockchain tokens. The exact

distribution of CCINT tokens for the marketing campaign is managed by the ICO organisers and

adjusted regularly, but under no circumstances will it increase beyond 5% of the total issued CCINT.

The CCINT token economy is illustrated by the image below. After the ICO all tokens are distributed.

The operation of the CCINT data feed involves the following stakeholders:

- The Users of the CCINT datastream

- The CCINT System (operated by Semlab b.v.)

- The Exchange (SDEX)

Figure 7: Main operational Token flow.

The token flow and incentive of each of these stakeholders is as followed:

Users:

- Purchase tokens at Exchange

- Exchange tokens for access to datastream

- Trade (buy / sell) tokens at Exchange

System:

- Sell tokens at Exchange

- Accept tokens for access to datastream

Exchange

- Facilitate trade in tokens (in exchange for transaction fee)

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Roadmap Owing to the experience of the team on non-crypto assets, the project gets a running start and will

be able to launch a beta version of the product in Q1. Due to the critical nature of the auctions, we

plan to start by offering the free public (delayed) version of the datastream. When the auction

software is stable we will launch the first subscription feed in Q2 2019. After that, we will further

expand the feed both in number of sources and languages. The intended scheduling of the

development work is listed below. However, although we will do our very best to follow this

schedule, due to the uncertain nature of software development,

the schedule listed does not represent any guarantee.

To date

- NLP, sentiment analysis and data sourcing systems

operational

- Experienced development team in place

- White paper released

Q4 2018

- CCINT tokens crowdsale finalised

- Beta Feed released, Free public only

- English langues sources

- All tradable coins on major exchanges

- Alpha version of web client internal released

Q1 2019

- Decentralised auction live

- Feed v1 released

- Expand English language sources

- Including major western European languages

- Include minor coins

- Beta version of web client live

- Alpha versions of mobile application and API

Q2 2019

- Feed expanded

- More languages (including non western)

- Include emerging coin ICO’s

- Web application and data API v1.0

- Beta version of mobile application

Q3 2019 - 2020

- Mobile app live

- Full coverage all available coins and major languages

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Financial Projections The major factor driving the value of the token is the value added by crypto coin traders having

access to the data feed. The exclusive nature of the data feed combined with the fixed number of

available tokens is expected to create demand for the tokens. The market value of the data feed in

terms of tokens is determined mainly by auction. The market value of the tokens is determined by

supply and demand at the marketplace.

CCINT will support the marketplace by re-entering the tokens exchanged for the data feed to the

market, effectively acting as market maker. Since CCINT is incentivised by a liquid market and stable

token value it will act accordingly. The CCINT organisation drives the value of the tokens by:

- Development and maintenance of a high quality data feed

- Ensuring a liquid stable token exchange

During introduction the CCINT tokens total value is set at 40,000 ETH (forty thousand). This

valuation is based on a sales projection of a total token expenditure in approx 4 years. To facilitate

the estimates, three user categories are defined:

- Redistribution partners

- Professional institutes

- Traders

The projected total number of active users, divided into these three categories are listed in the table

below:

Table 2: Projected numbers of active users.

User type Count Average Token expenditure per licence periode

Redistribution partners 1000 1000

Professional institutes 2500 300

Traders 6500 30

Note that since tokens are re-introduced at the market by CCINT after being spent by users, the

operation is not limited to 4 years, but can be maintained indefinitely.

All funds will be spent to improve the CCINT value proposition. A non binding breakdown of the

intended allocation of the funds is as follows:

Table 3: Non binding breakdown of fund allocations.

Allocation Percentage

Data feed development 40%

Application development 15%

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Language services 13%

Marketing 12%

Operations 10%

Legal services 5%

Reserve 5%

See also the graph below:

Figure 8: Graphical representation of fund allocation form table 3.

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Team The CCINT initiative is executed by Semlab and involves the following experienced team that has

proven to encompass all required skills to successfully complete complex projects:

Development

● Chris Prins (Bsc.) Blockchain expert

● Trude Gentenaar (Msc.) Artificial intelligence and NLP expert

● Bas Mulder (Msc.) Artificial intelligence and NLP expert

● Guylian Pot (Bsc.) Full stack developer

● Oscar Klein Herenbrink (Bsc.) Full stack developer

● Casper van Houten (Bsc.) Data scientist

● Rutger van Driel (Bsc.) Data scientist

● Emma Smitshuijzen Community manager

The CCINT team is very experienced and committed to delivering the main value proposition of

CCINT: the quantified news data feed. Over the last decade, they have proven to reliably deliver

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financial news to multiple demanding customers. The expansion into crypto currency assets is a

logical next step.

Combining their expertise with secure blockchain technology enables CCINT to reach a wider

audience of users. This creates an interesting business opportunity both for investors and for the

targeted end users. Investors can add CCINT as a valuable asset to their portfolio whereas traders

can benefit from the competitive edge offered by the CCINT data feed.

Management

Mark Vreijling (Ph.D.) - COO

Bio: Mark is a scientist at heart with a clear view of practical opportunities

of scientific innovation, and is a dedicated student of knowledge

technology in combination with communication science and artificial

intelligence. Together with his development team he has initiated seven

patents in the field of decision support and semantic news analysis.

Bram Stalknecht (Msc.) - CEO

Bio: As a former Goldman Sachs quant he co-founded SemLab, the

Artificial Intelligence company providing blockchain-, deep learning and

trading sentiment software. Bram holds a Master Degree IT business

administration, University of Twente, The Netherlands.

Advisors

In addition to the core development team we are currently in the process of selecting key members

to support CCINT in an advisory capacity. For an up to date overview of the advisory team please

refer to the ccint.io website.

22

https://www.linkedin.com/in/mark-vreijling-480b781/

https://www.linkedin.com/in/bramstalknecht/

Documents

DRAFT - ICORating · CCINT - Cryptocurrency Intelligence DRAFT White Paper v1.5 B a c k g r o u n d CCINT is an initiative of Zoorobotics BV. operating using the trade name “Semlab”