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Overview

Now, I would like to talk to you about ORC Tokens. Simply put, with ORC

Tokens, you can establish encrypted payment options for companies all over the

world. This enables our company to combine block-chain technology and real

businesses, and help 500 million companies worldwide to potentially benefit from

encryption.

ORC

(OracleG Token) is a new encryption feature that offers the benefit of new

passwords. The ORC offers advantages (anonymity, accessibility, payable

anywhere) for potential clients (anonymity, limited issuance, open community

management) and in terms of payment systems (accurate calculation, automatic

switching, mobility), while avoiding the "negative" aspects of settlement systems

(slow transaction speed, high mining fees, limited legality, lack of infrastructure

calculations, storage complexity, etc).

OracleG also extends the reach of ecosystems and infrastructures for settlement-

related businesses including prepaid cards, while providing encryption for more

than 500 million businesses worldwide and increasing the scope of encryption at

the same time.

The OracleG paradigm is the product of business-to-business (B2B) and

business-to-customer (B2C) relationships built in order to create new trends in a

globalized economy.

OracleG

www.oracleg.io

The cryptocurrency payments for business

http://beeqb.com/ico


OracleG

The cryptocurrency payments for business

Unlocking crypto payments for business


Contents

1. Introduction

2. Vision

3. Business and Market

1. Business

2. Encryption Market

4. Issues & Problems

1. Defining Problems

2. Solving Problems

5. Work Process

1. Users’ point of view

2. How does it work?

3. Principles of OracleG transaction calculations

6. Relevant Technology

1. OracleG Development Process

1_1. Execution of transactions

2_1. Smart contracts

3_1. Multi-thread block chain

4_1. OracleG Tokens

7. OracleG Token Information

1. Phase 1 token sales

2. Phase 2 token sales

3. Token sales period

8. Resume

9. The OracleG Team

10. Our Conclusions


1. Introduction

Many businesses and customers around the world face a myriad of

inconveniences and problems with transactions and the settlement of accounts,

which stem from high transaction fees and regulations on down payment,

reliability, and time requirements.

With our billing system encryption, businesses and consumers can benefit in six

different ways:

1. Round-the-clock transactions

2. Low transaction costs

3. Access to global markets

4. Great reliability

5. High transaction speed

6. Full control over funds

1. Round-the-clock transactions

You can use encryption to keep your business running 24/7. You do not have to

wait until the banks open, and all transactions can be approved by a single

regulating authority.

This is one of the most significant benefits exclusively available using encrypted

transactions.

2. Low transaction costs

So far, companies have incurred massive transaction costs whenever they interact

or deal with one another. A company's funds go through several middlemen,

banks, correspondents, senders, brokers, SWIFT systems before finally clearing

the banking system. For these transfers, the loss of funds can reach up to 15%.


3. Access to global markets

Regardless of the transaction type, transactions are subject to a number of

“classic” limitations. To elaborate, transactions have to proceed through the

closing of contracts, processing by the trading organization, and bank controls,

all of which can take several days. That is why businesses and consumers should

be inclined to choose the encryption market. In particular, telecommunication

carriers can replace pre-paid cards issued across the globe with encrypted

currency systems to facilitate efficient transactions.

4. Reliable calculations

The calculation of nominal currencies is unreliable because they can affect the

transactions of several regulators. Cryptocurrency transactions are fixed in the

block chain and cannot be changed. This minimizes the impact of scammers.

5. High speed of transactions

All Inter-code transactions take between 1 and 10 days, while transactions for

potential clients may take only 10 minutes to an hour. In addition, more and more

companies understand that encryption is the safest, fastest, and most reliable

means of transaction.

10 months ago, the OracleG team began developing a platform for transaction

payments and is ready to offer solutions for businesses that can meet growing

demand.

At the moment, we are developing businesses based on block chains and smart

contracts. OracleG Tokens are the only currency available on the OracleG

platform. They offer a variety of options that can affect exchange, commission

and smart contracts in all transactions.


2. Vision

OracleG's vision is to keep all moneys safe, make them instantly recoverable, and

enable encrypted currency trading with OracleG Tokens anywhere around the

world. OracleG’s hope is to create electronic wallets that can replace prepaid

cards and mobile data payments related to mobile businesses, and wallets that are

compatible with card payment systems. By doing so, it will enable businesses and

consumers to make POS payments with OracleG Tokens at any location across

the globe. OracleG Token will ultimately become a specialized global

cryptocurrency for businesses and consumers around the world paying for mobile,

consumer goods, and online betting through OracleG.

3. Business and Market

1. Business

1_1 Mobile Data

In a “data-sharing economy,” you can freely purchase, sell, and donate

mobile data to all users. OracleG Exchange acts as a horizontal market for

transactions involving mobile prepaid cards and data. OracleG Token will

become the global currency for mobile data between telecommunication

carriers and various user communities.

2_1 Mobile Prepaid Cards

80% of the world's population are using prepaid phones and, on average,

people use 500MB of data per month. We have developed MelonPay to

provide an economical prepaid card option for prepaid wireless subscribers.

Subscribers can use MelonPay to purchase prepaid cards at an affordable

price. Here, payments will be made using OracleG Tokens.


3_1 On/Off-line Stores

Our goal is to make encrypted currency i.e. cryptocurrency transactions

possible using OracleG applications. Furthermore, we are looking to create

an electronic wallet that is compatible with the card transaction settlement

systems so that OracleG Tokens can be used for POS payments and online

transactions anywhere around the world.

2. Encryption Market

With the growth of the e-commerce market, the encryption market is also

booming. The development of the encryption market is unpredictable, but

estimates clearly suggest that demand for encryption is rapidly rising. Despite

the fact that the market value of each currency is volatile, there is the problem

of using a large distribution network. But, on the other hand, there are several

favorable factors for developing cryptocurrency today.

For the first time ever, the encryption market has been infused with over USD

150 billion in market capitalization. For example, Bitcoin (BTC) has a market

share of more than USD 78.6 billion, meanwhile other coins such as Ethereum

have only recently started to hit the market.

3. Capitalization.

Bitcoin itself is constantly hitting “All Time High (ATH)” levels in terms of price

and market capitalization.

Currently, there are 750 cryptocurrencies around the world. Each have different

names, different protocols, and different implementation agreements. But there is

one feature that unites them all under the name "Altcoin". All cryptocurrencies

require ‘peer-to-peer’ transaction. In other words, they are only available for

dedicated payments. It is regarded as the main obstacle that inhibits the

development of the cryptocurrency market.


4. Issues & Problems

1. Defining Problems

There are several restrictions on the use of cryptocurrencies in everyday life and

mobile environments. Without solutions to these problems, the cryptocurrencies

market will not be able to grow, and eventually it may die out. Here are five major

problems that can occur in major markets and some suggested solutions.

1_1. Mutual payments

Payment processes employ a classic way of sending funds from wallet

to wallet, therefore the automation of calculations is still a complex and

costly process. This is due to the fact that there is no platform for

automatic cost calculation and the immediate closing of contracts.

2_1. Corporate settlement

Block chains and smart contracts offer solutions to ongoing business

problems. In other words, they can evaluate investment in human

resources and the company. But modern block chain technology is not

suitable for businesses. It is slow and does not have the ability to extend

fast solutions so that the technology can be applied to common tasks.

3_1. Online settlement

Providing an online settlement system between consumers and businesses

is a complex and costly process. Specifically, in order to implement an

online settlement system, the company has to enter into a contract with an

acquisition platform, obtain a security certificate, and integrate the

payment module into the website.

4_1. Offline settlement

Markets with an increasing number of POS terminals require payment

terminals at each branch and retail store. This results in a loss of up to 9%

of the transaction fee from business revenues. All additional costs

associated with processing transactions are transferred to the final buyer,

which results in higher commodity costs.


2. Solving Problems

OracleG offers largescale solutions that enable users around the world to legally

use virtual currency payments in their daily lives. We provide solutions that can

replace pre-paid phone charging in the telecommunications field, helping

consumers and businesses effectively manage security and costs.

OracleG Tokens are creating new sectors in the economy. Consumers and

businesses can use OracleG Tokens to access more goods and services.

5. Work Process

At OracleG, we want to give OracleG users around the world the opportunity to

purchase goods and services including everyday transactions, mobile data,

prepaid cards, consumer goods, and online betting games instantly. To do so, we

are developing a platform that can combine all business management and

forecasting features.

The diverse range of benefits and functions of the OracleG business system will

benefit both small and large businesses.

1. Users’ point of view

OracleG Tokens (ORCs) provide an environment for the payment of everyday

transactions, mobile data, prepaid cards, consumer goods, and online betting

games. At the same time, all payments will use OracleG Tokens instead of plastic

cards and cash.

2. How does it work?

The introduction of cryptocurrencies requires the development of a platform

capable of accepting payments in the retail and corporate markets. Also,

fundamental support that can help maintain confidentiality and a business system


for transactions be in place. That system is indeed OracleG. Furthermore, the

system should include a mechanism for receiving funds and a mechanism for

verifying transaction payments. However, virtual currency is a tool for PIN-to-

PIN calculations, and this is the main barrier to the globalization of

cryptocurrency transactions.

The mobile market will be largely divided into mobile data and prepaid cards.

Mobile data involves selling off some of the data that mobile users have,

and prepaid cards involve consumers choosing the rates they want using

MelonPay.

3. Principles of OracleG transaction calculations

1. Select OracleG settlement for OOO (products, mobile prepaid cards,

data, etc.)

2. Open the OracleG application, then scan the QR code. Your payment

will be credited to the supplier’s account. (Suppliers can confirm

payment and receive OracleG immediately.)

3. When the transaction is complete, the commodity is delivered from the

supplier -> customer.

6. Relevant Technology

In terms of potential, the market consists of billions of users, billions of products,

and trillions of transactions. To be able to respond to such market conditions, we

are developing OracleG as a system with an extremely high load capacity.


OracleG Development Process

1. Execution of transactions

Synchronization of exchange information for existing and past transactions is

implemented based on two independent layers and block chains.

1) A back-end system with all the programming interfaces necessary in

retrieving information needed for the system's current transaction, status,

etc.

2) Smart contract chains are based on smart contracts and have the ability to

ensure transparency as well as reliability of transactions for all

participants.

3) The smart function verifies the presence of events within the platform

(product availability, customer payment capacity, and other parameters

that can be pre-executed within the system).

2. Smart Contracts

OracleG is developing technology to help implement smart contracts. Smart

contracts allow consumers and businesses to implement complex interactions

between users. As such, they need a tool that can simplify the process for end

users in using the contracts. With this interface, consumers and businesses can

finalize contracts in just a few clicks. In a few simple steps, they can set basic

contract conditions with regards to the implementation of required inspections

and sources.

For example, smart contract templates will be developed for purchasing and

selling transactions, and these contracts will consider relevant legal requirements

and fully respect the consumer rights.

The process of writing a smart contract involves completing a web form

and verifying the terms and conditions of the second party involved in the contract.


3. Multi-thread blockchain

OracleG believes that today’s block chain technology is not suited for modern

businesses.

When developing multi-thread chain technology, we will provide

groundbreaking levels of support to help implement block chain technology in

the real economy.

4. OracleG Tokens

Encrypted OracleG.COM is fixed to a cross-type block which features the

software. Once the Tokens are sold, all participants will receive an ePC240

Exchange OracleG Token from the Ethereum Network. When the major OracleG

networks are launched, the ratio will be adjusted to 1:1 on a one-to-one basis.

All transactions related to goods and services in the OracleG Network will be

made with OracleG Tokens using prices denominated in OracleG Tokens. The

amount of the purchased product will be paid for with OracleG Tokens using

the block chain.

5. Key features of OracleG Tokens

OracleG Tokens are an evolved, decentralized block-chain token network that

executes smart contracts. OracleG addresses many of the problems with today’s

payment systems by providing additional benefits of the block chain foundation.

It also provides an environment that can be used for the payment of everyday

commodities as well as mobile data, prepaid cards, consumer goods, and online

betting games.

OracleG has the opportunity to become the first block-chained application in the

world to be widely adopted without the public having to understand the

underlying distribution technology.


- Purchasing/selling goods and services with a currency for online and

offline purchases

1. Consumers and businesses can purchase and sell goods and services

using their own OracleG Tokens. 2. At OracleG, we developed applications to make purchasing and selling

goods and services easier and faster.

- Can OracleG Tokens replace the prepaid phone charging service

provided by telecommunication carriers?

1. Under existing prepaid phone charging methods, users had to visit their

telecommunication service carrier or recharge their accounts by phone.

However, in OracleG, users can select the amount they want through

MelonPay and then settle their payments with OracleG Tokens.

- How does mobile data sharing work?

1. Users can register the amount of data they wish to sell from their

current reserves via MelonPay.

2. When the user who needs data proceeds to purchase the data, the seller

will receive OracleG Tokens.

7. OracleG Token Information

Participating in the sale of OracleG Tokens means that the participant understands

that they are contributing to the development of OracleG SmartTickets, a smart

contract system, described in this white paper.

The first token sales event is to create one billion OracleG, which will be the

total supply of OracelG.

Supply will be limited to one billion, and no further OracleG will be issued.

Throughout phase 1 of the Token sales event, 150 million Tokens will be offered

to OracleG contributors. (15% of the total supply)


In phase 2, 200 million OracleG Tokens will be sold to exhaust all mobile prepaid

cards and mobile data reserves worldwide. Thereafter, up to 400 million Tokens

will be sold, depending on market conditions. When Token sales are complete,

any remaining Tokens owned by the company shall be deposited into a sealed

account for three years.

OracleG is an Ethereum ERC20 Token that extensively applies the functional

properties and execution standards of Ethereum block chains.

Tokens in the Ethereum ecosystem represent replaceable commodities such as

coins, securities, IOUs and SmartTickets.

Because all Tokens apply standard features, OracleG will be compatible with any

Ethereum wallet or other applications that use the same ERC20 standards.

Phase 1 token sales Phase 1 will launch in early-December 2017, and will remain open until OracleG

decides to end its Phase 1 proposal. Any remaining (unassigned) Tokens in Phase

1 will be forwarded for distribution in Phase 2.

Phase 2 token sales Phase 2 will begin when Phase 1 ends or when OracleG decides to give late

participants late an opportunity to acquire OracleG Tokens remaining from Phase

1 before the sales period ends. The specific timing depends on when OracleG

Tokens are applied at actual businesses operating in markets around the world in

order to replace prepaid cards and exhaust all data reserves worldwide.

Token sales period Tokens will be available for sale in Phase 1 and Phase 2 across a maximum of

two months. After that period, the Board of Directors shall decide whether to

distribute the remaining OracleG in a Phase 3 Token sales event or lock the

Tokens in a sealed account for future use.


OracleG distribution

OracleG will be assigned to users participating in the Token sales as follows:

Phase 1 token sales 150,000,000



(determined based on market response)

Maximum Token sales 750,000,000 (75% of total OracleG supply)


8. Resume

More than 500 million companies around the world are limited by technical

constraints with regards to their rights to execute transactions in

cryptocurrencies. The lack of technical solutions to address such issues means

that the end users are not given the opportunity to select which currency they

wish to choose when paying for various goods and services.

The market depends on the involvement of multiple brokers in banks and

trading centers. Eventually, the participation of these brokers leads to a decline

in consumer capacity and a slowdown in economic growth.Technical solutions

fail to complement current legal frameworks and lack consumer protection do

not give the digital economy a chance to develop at the forefront of block

chains, ciphers, dApps, etc.

Once the OracleG Token and platform is established, consumers and businesses

can take advantage of all the benefits of cryptocurrencies in carrying out their

businesses and transactions. With built-in Tokens and smart contracts, users can

buy, sell, and exchange anywhere in the world with a single click, with no

restrictions. In other words, OracleG will make the cryptocurrency market part

of the real economy.

With OracleG, businesses can quickly enter the marketplace and provide goods

and services to customers around the world, thereby increasing their value.

Furthermore, users will be able to reduce time spent on business operations,

financial management, and shopping costs. This will create new standards for

what is expected to be a multi-billion dollar market economy.

OracleG will work with the general public to develop platforms and interact

with diverse experts and market participants to introduce the cryptocurrency

economy to the global economy. We will also invite all interested Fintech

pioneers, block-chain developers, and prospects to participate in open

discussions over creating our network.


9. The OracleG Team

Kenneth Malloy Founder and CEO

Dick Borden Web Developer

Carson Bowser Web Developer


Ben Naylor Software Developer

Karen Wilson Web Designer

Kaylyn Holm Web Designer

Chris Hong Project Manager


Technical Adviser

Vitalik Buterin

10. Our Conclusions

Our OracleG team believes that OracleG is essential to the current payment

settlement market. Based on this belief, it will continue to nurture and develop

this project, regardless of the contributions and interests from investors. At the

same time, it will continue to pioneer the market where OracleG can be used for

all transactions.

We created OracleG based on the dream that potential consumers will finally

emerge from behind the shadows and become the driving force of economic

development.

Documents

Now, I would like to talk to you about ORC Tokens. Simply ...doublehic.com/home/img/oracleG_whitepaper.pdf · Page !1 of !19 Overview Now, I would like to talk to you about ORC Tokens