The Best Coin Tokens (TBC) WhitePaper V: 1.0

The

Best

Coin

Tokens

(TBC) WhitePaper

Copyright 2021 © The Best Coin thebestcoin.us

V: 1.0.1

Important Notice

PLEASE READ THIS SECTION AND THE FOLLOWING SECTIONS ENTITLED “DISCLAIMER OF

LIABILITY”, “NO REPRESENTATIONS AND WARRANTIES”, “REPRESENTATIONS AND

WARRANTIES BY YOU”, “CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS”,

“MARKET AND INDUSTRY INFORMATION AND NO CONSENT OF OTHER PERSONS”, “NO

ADVICE”, “NO FURTHER INFORMATION OR UPDATE”, “RESTRICTIONS ON DISTRIBUTION

AND DISSEMINATION”, “NO OFFER OF SECURITIES OR REGISTRATION” AND “RISKS AND

UNCERTAINTIES” CAREFULLY. IF YOU ARE IN ANY DOUBT AS TO THE ACTION YOU SHOULD

TAKE, YOU SHOULD CONSULT YOUR LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL

ADVISOR(S).

The Best Coin Tokens (TBC) are not intended to constitute securities in any jurisdiction . This

Whitepaper

does

not

constitute a prospectus or offer document of any sort and is not intended to

constitute

an

offer

of securities or a solicitation for investment in securities in any jurisdiction. This

Whitepaper

does

not constitute or form part of any opinion on any advice to sell, or any solicitation

of

any

offer

by

the distributor/vendor of the TBC (the “Distributor”) to purchase any TBC nor shall

it or any part of it nor the fact of its presentation form the basis of, or be relied upon in connection

with, any contract or investment decision.

The Distributor will be an affiliate of The Best Coin Tokens . (“TBC”) will deploy all proceeds of

sale of the The Best Coin Tokens to fund the TBC cryptocurrency project, businesses and

operations.

No

person

is

bound

to

enter

into

any

contract

or

binding

legal

commitment

in

relation

to

the

sale

and

purchase

of

the

TBC and

no

cryptocurrency

or

other

form

of

payment

is

to

be

accepted on the

basis

of

this

Whitepaper.

Any

agreement

as

between

the

Distributor

and

you

as

a

purchaser,

and

in

relation

to

any

sale

and

purchase ,

of

The Best Coin Tokens (as

referred

to

in

this

Whitepaper )

is

to

be

governed

by

only

a

separate

document

setting

out

the

terms

and

conditions

(the

“T&Cs”)

of

such

agreement .

In

the

event

of

any

inconsistencies

between

the

T&Cs

and

this

Whitepaper,

the

former

shall

prevail.

1 of 27


You are not eligible and you are not to purchase any The Best Coin Tokens in the TBC Initial Token Sale (as referred

to

in

this Whitepaper) if you are a citizen, resident (tax or otherwise) or green card holder of the

United

States

of America or a citizen or resident of the Republic of Singapore. No regulatory authority has examined or approved of any of the information set out in this Whitepaper. No such action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of this Whitepaper does not imply that the applicable laws, regulatory requirements or rules have been complied with. There are risks and uncertainties associated with The Best Coin Tokens and/or the Distributor and their respective

businesses and operations , The Best Coin Tokens , the TBC Initial Token Sale and the TBC

Wallet

(each

as

referred to in this Whitepaper). This Whitepaper, any part thereof and any copy thereof must not be taken or transmitted to any country where distribution or dissemination of this Whitepaper is prohibited or restricted. No part of this Whitepaper is to be reproduced, distributed or disseminated without including this section and the following sections entitled “Disclaimer of Liability”, “No Representations and Warranties”, “Representations and Warranties By You”, “Cautionary Note On Forward-Looking Statements”, “Market and Industry Information and No Consent of Other Persons”, “Terms Used”, “No Advice”, “No Further Information or Update”, “Restrictions On Distribution and Dissemination”, “ No Offer of securities Or Registration” and “Risks and Uncertainties.”

DISCLAIMER OF LIABILITY To the maximum extent permitted by the applicable laws , regulations and rules , TBC and /or the Distributor shall not be liable for any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including but not limited to loss of revenue, income or profits, and loss

of

use or data), arising out of or in connection with any acceptance of or reliance on this Whitepaper

or

any part thereof by you.

NO REPRESENTATIONS AND WARRANTIES

The Best Coin Tokens and /or the Distributor does not make or purport to make , and hereby disclaims ,

any

representation , warranty or undertaking in any form whatsoever to any entity or

person,

including

any representation , warranty or undertaking in relation to the truth, accuracy and completeness

of

any of the information set out in this Whitepaper.

Copyright 2021 © The Best Coi n thebestcoin.us 2 of 27

REPRESENTATIONS AND WARRANTIES BY YOU

By accessing and/or accepting possession of any information in this Whitepaper or such part thereof (as the case may be), you represent and warrant to TBC and/or the Distributor as follows: a. you agree and acknowledge that The Best Coin Tokens do not constitute securities in any

form

in

any

jurisdiction;

b. you agree and acknowledge that this Whitepaper does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities in any jurisdiction or a solicitation for investment in securities and you are not bound to enter into any contract or binding legal commitment and no cryptocurrency or other form of payment is to be accepted on the basis of this Whitepaper;

c. you agree and acknowledge that no regulatory authority has examined or approved of the information set out in this Whitepaper, no action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction and the publication, distribution or dissemination of this Whitepaper to you does not imply that the applicable laws, regulatory requirements or rules have been complied with;

d. you agree and acknowledge that this Whitepaper, the undertaking and/or the completion of the TBC Initial Token Sale , or future trading of The Best Coin Tokens on any cryptocurrency exchange,

shall not be construed, interpreted or deemed by you as an indication of the merits of

the

TBC and/or the Distributor , The Best Coin Tokens , the TBC Initial Token Sale and the TBC Wallet

(each as referred to in this Whitepaper);

e. the distribution or dissemination of this Whitepaper, any part thereof or any copy thereof, or

acceptance of the same by you, is not prohibited or restricted by the applicable laws, regulations or rules in your jurisdiction, and where any restrictions in relation to possession are applicable, you have observed and complied with all such restrictions at your own expense and without liability to TBC and/or the Distributor;

f. you agree and acknowledge that in the case where you wish to purchase of any TBC,TBC

are not to be construed, interpreted, classified or treated as:

3 of 27

4 1 of 26


(f) you agree and acknowledge that in the case where you wish to purchase any TBC, the TBC are not to be construed, interpreted, classified or treated as:

1. any kind of currency other than cryptocurrency;

2. (ii) debentures, stocks or shares issued by any person or entity (whether The Best Coin

Tokens and/or the

Distributor)

3. (i) Rights, options or derivatives in respect of such debentures, stocks or shares;

4. (ii) rights under a contract for differences or under any other contract the purpose or pretended purpose of which is to secure a profit or avoid a loss;

5. units in a collective investment scheme;

6. units in a business trust;

7. derivatives of units in a business trust; or

8. any other security or class of securities. g)you are fully aware of and understand that you are not eligible to purchase any TBC if you

are

a

citizen, resident (tax or otherwise) or green card holder of the United States of America or a

citizen

or resident of the Republic of Singapore;

g) you have a basic degree of understanding of the operation, functionality, usage, storage, transmission mechanisms and other material characteristics of cryptocurrencies, blockchain-based software systems, cryptocurrency wallets or other related token storage mechanisms, blockchain technology and smart contract technology;

h)you are fully aware and understand that in the case where you wish to purchase any TBC,

there

are risks associated with TBC and the Distributor and their respective business and

operations,

The Best Coin Tokens , the TBC Initial Token Sale and the TBC Wallet (each as referred to

in

the

Whitepaper);

i)you agree and acknowledge that neither TBC nor the Distributor is liable for any indirect, special, incidental, consequential losses or other losses of any kind, in tort, contract or otherwise (including

but not limited to loss of revenue , income or profits , and loss of use or data), arising out

of

or

in connection with any acceptance of or reliance on this Whitepaper or any part thereof by

you;

and

j) all

of

the

above

representations

and

warranties

are

true,

complete,

accurate

and

not

misleading from

the

time

of

your

access

to

and/or

acceptance

of

possession

this

Whitepaper

or

such part

thereof

(as

the

case

may

be).

4 of 27




CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS

All statements contained in this Whitepaper, statements made in press releases or in any place accessible by the public and oral statements that may be made by TBC and/or the Distributor or their respective directors , executive officers or employees acting on behalf of TBC or the Distributor (as the case may be), that are not statements of historical fact , constitute “forward -looking statements”. Some of these statements can be identified by forward-looking terms such as “aim” ,“target”, “anticipate”, “believe”, “could”, “estimate”, “expect”, “if”, “intend”, “may”, “plan”, “possible”, “probable”, “project” ,“should”, “would”, “will” or other similar terms. However, these terms are not the exclusive means of identifying forward-looking statements. All statements regarding TBC and/or the Distributor’s financial position, business strategies, plans and prospects and the future prospects of the industry which TBC and/or the Distributor is in are

forward-looking statements. These forward-looking statements , including but not limited to statements as to TBC and/or the Distributor’s revenue and profitability, prospects, future plans, other expected industry trends and other matters discussed in this Whitepaper regarding TBC and/or the Distributor are matters that

are not historic facts, but only predictions. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual future results, performance or achievements of TBC and/or the Distributor to be materially different from any future results , performance or achievements expected, expressed or implied by such forward-looking statements. These factors include, amongst others: a) changes in political, social, economic and stock or cryptocurrency market conditions, and the

regulatory environment in the countries in which TBC and /or the Distributor conducts its respective businesses and operations;

b) the risk that TBC and/or the Distributor may be unable or execute or implement their respective business strategies and future plans;

c) changes in interest rates and exchange rates of fiat currencies and cryptocurrencies;

d) changes in the anticipated growth strategies and expected internal growth of TBC and/or the Distributor;

e) changes in the availability and fees payable to TBC and/or the Distributor in connection with their respective businesses and operations;

5 of 27


f) changes in the availability and salaries of employees who are required by TBC and /or the Distributor to operate their respective businesses and

operations;

g) changes in preferences of customers of TBC and/or the

Distributor;

h) changes in competitive conditions under which TBC and/or the Distributor operate, and the ability of TBC and/or the Distributor to compete under such

conditions;

(i) changes

in the future capital needs of TBC and /or the Distributor and the availability of

financing and capital to fund such

needs;

j) war

or acts of international or domestic

terrorism;

k) occurrences of catastrophic events, natural disasters and so on that affect the businesses and/or

operations

of

TBC and/or

the

Distributor;

l) other factors

beyond

the

control

of

TBC and/or

the

Distributor;

and

m)any

risk

and

uncertainties

associated

with

TBC and/or

the

Distributor

and

their

businesses

and

operations

,

the

TBC Initial

Token

Sale

and

the

TBC Wallet

(each

as

referred

to

in

the

Whitepaper).

All

forward -looking

statements

made

by

or

attributable

to

TBC and/or

the

Distributor

or

persons

acting

on

behalf

of

TBC and /or

the

Distributor

are

expressly

qualified

in

their

entirety

by

such

factors.

Given

that

risks

and

uncertainties

that

may

cause

the

actual

future

results,

performance

or

achievements

of

TBC and /or

the

Distributor

to

be

materially

different

from

that

expected ,

expressed

or

implied

by

the

forward -looking

statements

in

this

Whitepaper ,

undue

reliance

must

not

be

placed

on

these

statements.

These forward-looking

statements

are

applicable

only

as

of

the

date

of

this

Whitepaper.

Neither

TBC,

the

Distributor

nor

any

other

person

represents,

warrants

and/or

undertakes

that

the

actual

future

results ,

performance

or

achievements

of

TBC and /or

the

Distributor

will

be

as

discussed

in

those

forward-looking

statements.

The actual

results ,

performance

or

achievements

of

TBC

and /or

the

Distributor

may

differ

materially

from

those

anticipated

in

these

forward-looking

statements.

6 of 27


Nothing contained in this Whitepaper is or may be relied upon as a promise , representation

or undertaking as to the future performance or policies of TBC and/or the

Distributor.

Further,

TBC

and/or

the

Distributor

disclaim

any

responsibility

to

update

any

of

those

forward -

looking

statements

or

publicly

announce

any

revisions

to

those

forward - looking

statements

to

reflect

future

developments ,

events

or

circumstances ,

even

if

new

information

becomes

available

or

other

events

occur

in

the

future.

ABSTRACT

7 of 27


Historically , gold has played a significant role in the global financial system . It is scarce,chemically stable, malleable, beautiful - and universally precious. It has endured as a store of value for thousands of years and remains wildly popular today, with an average of $112.2 billion-worth of gold trades occurring daily through ETFs, derivatives and physical markets.

Gold endures as a preferred safe -haven in crisis , is widely recommended as part of a diversified investment portfolio and continues to be the preferred asset over local currencies for billions of 2 individuals in countries with unstable fiat tender.

At Paxos, we are on a mission to digitize and mobilize the world’s assets . We have a vision for a future where assets can move globally, 24/7, in a frictionless economy. We see gold as being an ideal asset for our efforts as it is uniquely desirable, yet unwieldy; its market value is more than $9 trillion despite being a physically cumbersome and expensive asset to own, store and 3 move.

In this paper , we introduce TBC, a tokenized version of gold that represents real, physical gold . It gives token -holders actual gold ownership in the most secure vaults in the world along with the portability of a digital wallet . We provide some historical context to demonstrate the importance of a modern , digital approach to gold access . Finally , we present details about the infrastructure behind the product , including our structure as a regulated Trust company , the technical design of our smart contracts and other details of our operations.

We have created the easiest way for people to affordably own, hold, trade , lend or move investment -grade , physical vaulted gold - without the worry , cost or inconvenience of physical storage and security. TBC mobilizes and democratizes access to gold globally.

A BRIEF HISTORY OF GOLDARKET

of8 27


Understanding the historical role of gold helps to contextualize how important it has been , and continues to be, to society . Gold had a role in commerce dating back to the emergence of ancient human civilizations . As the technical capacity for the production of goods became more sophisticated, metals became useful in developing monetary systems. Gold in particular was durable, malleable, attractive in color, unlikely to corrode or decay and, above all, scarce. Its universal desirability led to it becoming a store of value across generations and geographies.

The Greeks were the first civilization known to use gold to create coins used in commerce more than 2500 years ago. Until the 20th century, gold was used as the primary medium of 4 exchange and the basis for most monetary systems . For example , in 1717 , Great Britain adopted the gold standard and the United States followed with a gold -silver standard in 1792.

Under these systems, the value of the local currency was affixed to a set weight of gold and/or silver.

The greatest challenge to the gold standard was the outbreak of World War I, as many major economies shifted away from the system to expand monetary supply and finance the war effort.

Monetary turbulence around the world settled after the end of World War II when the Bretton 6 Woods agreement of 1944 established the gold standard-based U.S. Dollar as the underlying currency to which 44 other nations pegged their currencies . This system remained in place until 1971, when the U.S. Dollar was officially taken off the gold standard and rendered a fiat currency : government -issued money without intrinsic value or gold backing. Since that time, the fiat currency system has evolved and helped facilitate a global economy.

But the value of fiat in comparison to gold has diverged widely. In comparison to the value of gold, today’s U.S. Dollar has lost 97% of its value. One ounce of gold, worth $38 in 1971, is today worth more than $1500. Other fiat currencies have depreciated even further. Gold has

become an individual asset class with distinct market dynamics. It’s also featured in investor portfolios all over the world as a long-term investment that retains or steadily increases in value.

Despite these evolving dynamics, gold has maintained its desirability and value. More than $3.5 trillion of the total gold available today is used solely for investment purposes , but the core challenges remain: gold is a heavy and cumbersome asset that is not easily movable nor broadly accessible.

MARKET

AND

INDUSTRY

INFORMATION

AND

NO

CONSENT

OF

OTHER PERSONS

This

Whitepaper

includes

market

and

industry

information

and

forecasts

that

have

been

obtained

from

internal

surveys,

reports

and

studies,

where

appropriate,

as

well

as

market

research,

publicly

available

information

and

industry

publications.

Such

surveys,

reports,

studies,

market

research,

publicly

available

information

and

publications

generally

state

that

the

information

that

they

contain

has

been

obtained

from

sources

believed

to

be

reliable,

but

there

can

be

no

assurance

as

to

the

accuracy

or

completeness

of

such

included

information.

While

TBC

and/or

the

Distributor

have

taken

reasonable

actions

to

ensure

that

the

information

is

extracted

accurately

and

in

its

proper

context,

TBC

and/or

the

Distributor

have

not

conducted

any

independent

review

of

the

information

extracted

from

third

party

sources,

verified

the

accuracy

or

completeness

of

such

information

or

ascertained

the

underlying

economic

assumptions

relied

upon

therein.

Consequently,

neither

TBC

and/or

the

Distributor,

nor

their

respective

directors,

executive

officers

and

employees

acting

on

their

behalf

makes

any

representation

or

warranty

as

to

the

accuracy

or

completeness

of

such

information

and

shall

not

be

obliged

to

provide

any

updates

on

the

same.

of9 27


TERMS USED To facilitate a better understanding of the TBC being offered for purchase by the Distributor , and

the businesses and operations of TBC and /or the Distributor , certain technical terms and abbreviations, as well as, in certain instances, their descriptions, have been used in this Whitepaper.

These descriptions and assigned meanings should not be treated as being definitive of

their meanings and may not correspond to standard industry meanings or usage. Words importing

the

singular shall , where applicable , include the plural and vice versa and words importing

the masculine gender shall, where applicable, include the feminine and neuter genders and

vice

versa.

References to persons shall include corporations.

NO ADVICE No information in this Whitepaper should be considered to be business, legal, financial or tax advice regarding TBC , the Distributor, the TBC, the TBC Initial Token Sale and the TBC Wallet

(each

as referred to in the Whitepaper ). You should consult your own legal , financial , tax or other professional adviser regarding TBC and/or the Distributor and their respective businesses and

operations , the TBC , the TBC Initial Token Sale and the TBC Wallet (each as referred to in

the Whitepaper ). You should be aware that you may be required to bear the financial risk of any

purchase of TBC for an indefinite period of time.

NO FURTHER INFORMATION OR UPDATE

No person has been or is authorized to give any information or representation not contained in this Whitepaper in connection with TBC and/or the Distributor and their respective businesses and operations, the TBC Initial Token Sale and the TBC Wallet (each as referred to in the

Whitepaper)

and

, if given, such information or representation must not be relied upon as having

been

authorized

by or on behalf of TBC and/or the Distributor.

The TBC Initial Token Sale (as referred to in the Whitepaper ) shall not, under any circumstances , constitute a continuing representation or create any suggestion or implication that there has been no change, or development reasonably likely to involve a material change in the affairs, conditions and prospects of TBC and/or the Distributor or in any statement of fact or information contained in

this Whitepaper since the date hereof.

of10 27


RESTRICTIONS ON DISTRIBUTION AND DISSEMINATION

The distribution or dissemination of this Whitepaper or any part thereof may be prohibited or restricted by the laws, regulatory requirements and rules of any jurisdiction. In the case where any restriction applies, you are to inform yourself about, and to observe, any restrictions which are applicable to your possession of this Whitepaper or such part thereof (as the case may be) at your own expense and without liability to TBC and/or the Distributor. Persons to whom a copy of this Whitepaper has been distributed or disseminated, provided access to or who otherwise have the Whitepaper in their possession shall not circulate it to any other persons, reproduce or otherwise distribute this Whitepaper or any information contained herein for any purpose whatsoever nor permit or cause the same to occur.

NO OFFER OF SECURITIES OR REGISTRATION

This Whitepaper does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities or a solicitation for investment in securities in any jurisdiction. No person is bound to enter into any contract or binding legal commitment and no cryptocurrency or other form of payment is to be accepted on the basis of this Whitepaper. Any agreement in relation to any sale and purchase of TBC (as referred to in this Whitepaper)

is

to

be

governed by only the T&Cs of such agreement and no other document . In the event

of

any inconsistencies between the T&Cs and this Whitepaper, the former shall prevail.

You are not eligible to purchase any TBC in the TBC Initial Token Sale (as referred to in this Whitepaper) if you are a citizen, resident (tax or otherwise) or green card holder of the United States

of America or a citizen or resident of the Republic of Singapore. No regulatory authority has examined or approved of any of the information set out in this Whitepaper. No such action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of this Whitepaper does not imply that the applicable laws, regulatory requirements or rules have been complied with.

RISKS AND UNCERTAINTIES

Prospective purchasers of TBC (as referred to in this Whitepaper ) should carefully consider and evaluate all risks and uncertainties associated with to TBC and /or the Distributor , and their

respective businesses and operations , the TBC Initial Token Sale and the TBC Wallet

(each

as referred to in the Whitepaper), all information set out in this Whitepaper

to

any

purchase

TBC.

If

any

of

such

risks

and

uncertainties

develop

into

actual

events,

the

business,

financial

condition,

results of

operations

and

prospects

of

TBC and/or

the

Distributor

could

be

materially

and

adversely

affected.

In

such

cases,

you

may

lose

all

or

part

of

the

value

of

the

TBC.

of11 27


THE DESIGN OF TBC

12 of 27


Basics:

TBC is a digital asset where one token represents a fraction of gold gram, stored in our cubed gold mine in Brazil . Anyone who owns TBC owns the underlying gold which is held under our unmined cubed gold mine . The value of TBC therefore also tracks with the real-time market price of gold.

TBC is built as an Binance Smart Chain -based token following the BEP -20 protocol , making

it

compatible with all Binance Smart Chain wallets that accept BEP-20 tokens . All

transactions

operate according to the rules of the smart contract on the Binance Smart Chain blockchain.

Because of

this

smart

contract ,

transactions

eliminate

human

error

and

the

system

operates only

as

programmed.

Like any

Binance Smart Chain-based

token,

TBC

is

available

24/7

to

facilitate

settlement

against

various

assets .

Unlike

traditional

gold ,

which

is

only

available

to

settle

trades

during

banking

business

hours,

TBC

can

be

moved

anywhere,

anytime.

Technology :

TBC is

an

BEP-20

token

on

the

Binance Smart Chain blockchain

issued

by

THE

BEST

COIN

Inc.

An

BEP-20

token

is

an

Binance Smart Chain smart

contract

that

follows

a

standard

protocol

for

representing

custom

tokens

on

the

blockchain .

Specifically ,

the

contract

must

declare

basic

token

characteristics

(name ,

symbol ,

decimal

precision ),

track

the

total

number

of

tokens ,

track

a

token

balance

for

each

BSC

address ,

and

permit address

owners to

transfer

portions

of

their

balance

to

other

addresses.

Because TBC

follows

the

standard

BEP -20

protocol ,

many

Binance Smart Chain -

supporting

exchanges

and

wallet

applications

already

have

built -in

support

for

viewing

and

transferring

TBC.

The

benefits

of

building

on Binance Smart Chain

and

BEP-20

include:

● The

security

and

availability

guarantees

of

one

of

the

largest

global

blockchain

networks

(Binance Smart Chain)

and

its

proof-of-work

model;

● A

simple

and

familiar

smart-contract

pattern;

● Publicly

verifiable

token

supply,

account

balances,

and

on-chain

procedures;

● Ability

to

integrate

with

other

smart

contract

applications

like

distributed

exchanges,

distributed

apps,

and

swap

contracts;

● Broad

adoption

by

crypto

stakeholders

such

as

exchanges,

crypto

asset

organizations,

institutional

investors

and

retail

users;

● Reduced

dependency

on

any

single

authority

due

to

decentralization;

and

● Access

to

a

broad

market

that

includes

all

individuals

with

an

internet

connection.

TBC is

only

available

on

Binance Smart Chain today,

but

it

may

also

be

launched

on

other

chains

in

the

future

if

there

are

compelling

benefits .

The Binance Smart Chain

contract

address

is https://bscscan.com/address/0x7309759aa13a35c1d3138ac0716fa3b828021dfe

TBC – An Introduction Globalization has brought numerous systemic changes to the modern world economy , most notably increased living standards and vastly differing patterns of trade. However , the resultant rising inequality has in fact led to the destruction of local businesses ; ruthlessly replaced by much larger chains and corporations . Virtually all relevant cryptocurrency projects are aimed at these larger corporations. While such firms certainly benefit from the leveraging of blockchain technology , in our eyes this is hardly the “real” world usage originally intended by pioneers such as Satoshi Nakamoto.

Recently the cryptocurrency community has focused on such partnerships since they have short-term benefits such as greater bullish sentiment which increases the value of crypto-assets further.

But what they have forgotten is the primary and simplest criterion of a currency ; that it be used as a medium of exchange in the same way as mainstream fiat currencies are . Ten years after Bitcoin ’s creation , paying with digital currencies remains a relative novelty in most locations.

For this to occur , cryptocurrency needs to be adopted by more vendors . Small businesses form the backbone of any modern economy. In the USA alone, there are thirty million firms who employ just under half of the country ’s entire population . They have largely missed out on the countless benefits of blockchain technology , such as virtually costless transactions and secure decentralized systems where information can securely be stored . This is largely due to the lack of easy -to-use cryptocurrency-related products and projects available to the general public.

The result is an almost completely untapped market of potential users.

Another barrier is the complexity of technological innovations in cryptocurrency . Getting firms involved will require a broad range of incentives, not just the promise of more customers, to actively adopt cryptocurrency as a permanent component of their

ecosystem.

TBC's platform

will

allow

exactly

this;

containing

a cohesive

framework

of

decentralized

financial

applications.

These include

smart

contract -operated

marketplaces ,

escrow

systems

and

our

contract

system.

And

our

firm-specific

SBI

tools

mean

thorough

financial

management,

statistics/easy-to-access

market

research and

much

more.

13 of 27


Additional features will require licenses to use , in line with our modular infrastructure that focus on providing the best features at affordable rates to our partners . Measures such as these will bring organic growth to our community

as

well as bolstering the value of TBC -associated currencies and of

the

TBC

network.

Consistent

with

our

community

ideals

is

the

creation

of

a

TBC

Institute,

which

hands

active

responsibilities

to

the

community .

Anyone

can

submit

and

vote

on

proposals ,

meaning

active

contributions

from

investors

and

holders

of

TBC

.

This

organization

shall

also

manage

project

funds

transparently

and

arrange

events

such

as

partner

conferences .

Surplus

funds

will

be

used

for

R

and

D

such

as

cryptocurrency

research

efforts

and

investments

into

a

diversified

portfolio

for

financial

stability.

TBC

is

a

truly

unique

venture,

and

we

welcome

you

to

it.

14 of 27

Copyright 2021 © The Best Coin

thebestcoin.us

TBC Platform

One of the main aftereffects of the bullish spirits in the late 2020 cryptocurrency market has been the great amount of media publicity given to cryptocurrency projects, which has created a new class of small firms aware of but not actively using these technologies. And indeed structural features of our platform were heavily influenced by existing research on small businesses, as well as our due diligence on the subject, such as sitting down with entrepreneurs and business owners who provided their own opinions and concerns. Goldman Sachs’ 10KSB (10,000 small businesses) investment programme is a strong example of how much small businesses can benefit from mentoring and better access to capital. Initiatives like these have had tremendous success in increasing short-term turnover (77.8% of their partners) and further benefits like the job creation that results from expansion.

In spite of this, our solution is far superior to traditional enterprises. While conventional programs like 10KSB do have some sense of a social element to them, they fail to take such ideas to their logical conclusion; a wide-reaching platform that organically connects small firms and provides access to tailored products and financial infrastructure. 10KSB also found (contrary to common wisdom) that “more than 80% of small businesses said they implemented new technologies in the last year.” This may go some way towards alleviating concerns that firms may be too wary of our products, although we do discuss a hybrid solution we offer later on. The TBC Platform , through a common integrated currency as well as data , tools and complex market structures will foster a close -knit community of business associates , better equipped to tackle modern difficulties. Our features also produce an environment conducive for collaboration; for example through our contract and marketplace mechanisms firms can negotiate trade between one another, lowering costs greatly. Moreover, access to wider markets means a widening of distribution channels for our partner firms, with obvious advantages.

15 of 27


General Platform Information Before going into the details of our flagship platform , we feel it is important to understand the TBC ethos and the platform’s general functions. Ultimately, the TBC platform has been designed to meet a particular set of needs. It is intended to be a resilient support network for small businesses , allowing them to stay one step ahead of their competitors through high-quality resources and greater levels of sales. Thus, using the TBC platform is simple as creating an account.

There are three main types of accounts on our platform , those for developers , individuals and businesses. Developers will have free access to the technical parts of the platform infrastructure and can make use of this to report bugs and suggest coding improvements as part of the TBC Bounty Programme , since our software is completely open source.

Individuals will be given a free demo account with the option to purchase our range of modules if needed.

Companies however will have the largest number of possibilities including discounted modules and opportunities for networking and consulting.

Once modules have been purchased and a quick , non-intrusive verification check is passed (for the protection of platform users), partners are ready to begin.

Later on, we

shall talk about how our platform will enable firms to transact in cryptocurrency with one another.

Each employee of a partnered company will be given a personal account which their

company will be able to monitor and interact with accordingly.

Likewise, the owner(s)/senior employees of a firm will be able to control such flows of information, allowing for setting of individual tasks and restricted viewing/editing for confidential/important documents. More advanced features include the inputing of .css files for further tinkering. These tools/services can be divided into the following groups: • SBI Tools and our Interface • decentralized Platform Applications • Third-party partnerships and products • The TBC Institute and Community Projects Let’s take a look.

16 of 27


SBI Tools Our SBI (Small Business Innovation) tools are a crucial supplement for any small business looking to TBC significant amounts of energy, time and money. They can be broadly categorised into two main groups of functions: “Financial” and “Introspective” tools. Before they are explained, it is important to recall that our entire platform can be is constructed of many different modules which together constitute a whole. The point of this is to allow partners to “pick and choose” the modules most relevant to their needs. These two types of tools are split into more than ten individual modules. Remember also that these tools are intended to provide guided assistance, not to spoon feed. We are strong believers in firms retaining autonomy in all aspects of their work. Financial Tools:

The financial tools are those designed to give partners direct competitive edges over the rest of the market.

Perhaps the most clear example of this is the opportunity to obtain

sector-specific market data at heavily discounted prices via our platform. This data will be purchased from third- parties and eventually partner firms, then collated and packaged into more valuable bundles, and finally sold exclusively to partners. Firms will also be able to proactively collect their own data by issuing forms and surveys to members of the TBC community, and even sell this on, themselves, as a new way to make revenues. This ordered and open approach means firms can benefit from data that traditionally has been monopolized by mainstream services today. Included too is our “Business Hub.” Firms will have instant access to key financial data with the option of monitoring their investments. Active decision making is supported as well; senior employees may allocate responsibilities to other employees. This is made easier by the quick exportation of spreadsheets, documents in addition to more complex features like security watermarking. Integrated throughout is a complimentary Bloomberg-like news feed allowing firms to stay on top of the latest developments, even with respect to cryptocurrency if desired.

17 of 27


Introspective Tools – A Decentralized Framework Many businesses we spoke to were concerned about their approach towards long-term planning, and when questioned further, openly admitted to a lack of a data-based culture. While in specific contexts intuitive decisions are absolutely necessary, having access to data can help plan for and even predict future problems. At the very least, it can serve as a form of damage control if things do go wrong. Our team, as of Q4 2019, has built from scratch an algorithm designed specifically to help businesses with practical inventory management. Its recommendations are based on data such as product sales and specifications, and this is accompanied by a CRM system. Such a system presents unique opportunities, since the data gathered allows invaluable insight about a firm’s customers. Without it, small firms are likely to be bombarded with thousands of small pieces of infomation, making it close to impossible to know what to filter out. Targeted analysis of a few variables such as customer demographics and feedback can bring long-term success by allowing companies to improve their products/services by adapting to ever-changing trends in their market. This concept can also be applied when businesses are thinking to the future, seeing as day-to-day analysis is not enough. Long-term planning is expedited on our platform by the inclusion of KPIs (Key Performance Indicators) like customer retention, net profits or innumerable quality metrics that allow partners to compare historical data and use it in the construction of models and future projections. We also seek to repurpose existing auditing and accounting software (it would be a waste of resources to replicate what has already been done) for the platform’s needs. Such tools will help automate mundane/repetitive tasks and therefore reduce the pressure on employees, helping them to focus on the most important tasks. We are now in the process of officially patenting technologies in preparation for TBC integration. There are obviously many competing approaches in existence, such as the technology created by SAP. However, none of them are affordable or easily accessible to a vast majority of small businesses. Another important distinction to make is these companies’ usage of cloud-storage on centralised servers, which is considerably more vulnerable to hacking and data breaches than an open-source decentralized solution like ours, which has no central point that can be targeted. While the idea of a “Web 3.0” is an oft repeated cliché in the cryptocurrency world, our platform is certainly the first of its kind. Partners keep maximum control over their private data and are optimally protected against malicious third parties.

18 of 27


A Decentralized Marketplace

We shall now discuss the various other decentralized applications that are part of theTBC

project.

So far, we have considered how our platform can help partners improve their businesses through access to better tools/services. But to stop there would be incredibly short-sighted. Simplifying Business Profit is absolutely essential for small businesses. Therefore a successful platform requires mechanisms that support direct and voluntary interaction between partners as well as with consumers. Small firms are often limited by the fact that they can only attract customers in close proximity to their own location, but our decentralized marketplace will allow exposure to a completely new demographic of customers, while also increasing cryptocurrency adoption.

Simply put, a decentralized marketplace means buyers and sellers exchange directly with one another. “Decentralized” should not be misunderstood as referring to a market with “no rules” where anything goes. Sellers cannot sell illegal/legally questionable products nor can they engage in fraudulent or deceptive practices of any kind. For this reason, in the early days of our marketplace, strict verification and compliance methods shall be in place, and vendors take full responsibility regarding obeying appropriate laws in their jurisdiction(s).

Cryptocurrency blockchains mean payments and escrow can be monitored much more easily since every transaction can be verified by anyone at anytime.

Two of the most well-known attempts at decentralized marketplaces have come from Bisq, a currency exchange market, and Openbazaar, a market selling both physical and digital goods. Both have seen very limited success for many reasons including problems with accessibility for average users, close to zero marketing and the lack of any real reason for sellers to join.

TBC , thanks to TBC Institute holdings, will be able to easily handle these issues that have prevented decentralized markets from entering wider usage. For example, financial incentives will be awarded to new vendors as well as special bonuses for the most active users, which will encourage small businesses who would otherwise be unfamiliar and hesitant to use novel technology like this.

And unlike the mentioned decentralized market experiments , products listed on the TBC decentralized market will have demand from day one , due to the ready -made community

of TBC investors and enthusiasts . The overall result is risk -free short -term

cryptocurrency profit for businesses , as well as a long term boost in sales for their goods/services.

19 of 27


But how can buyers and sellers trust one another on a decentralized platform? Some may point to the lack of a middleman and suggest that this is a disadvantage. It is true of course that value transfer systems such as hawala have been around for centuries, and more recently institutional versions like SWIFT have also appeared. What will allow our platform to operate without the extra hurdle of a central authority is our reputation system. The platform will begin to calculate a number of different “Reputation Scores” for each user (by user we mean both individuals and organizations) after they have completed their first transaction on the TBC marketplace. Dispute resolution and escrow management for transactions will be done by TBC “brokers.” Only very trusted TBC members will be eligible to become brokers. Let us provide an example to explain how this will work. Two firms, A and B wish to trade. Firm A makes a listing on the TBC marketplace, looking to sell for example several computers for a specific price. This price can be a specified amount in cryptocurrency/pegged to a fiat rate. Firm B sees this listing, and before buying it, must designate a broker to handle the transaction. For further security and especially if the value of the transaction is large, buyers will have the option to designate multiple brokers. B’s deposited payment then is automatically sent to a neutral escrow account. If the transaction goes smoothly, with B receiving the computers in the agreed condition, then both buyer and seller digitally sign off on the transaction, and the escrowed funds are released to the seller. If there is a dispute, the broker(s) asks both seller and buyer to submit evidence such as photos and postage information onto the TBC platform, and a decision is made. The broker then verifies his identity using a signature from a private wallet and releases the escrowed funds (either to refund the buyer or to send the payment to the seller). However, in this case, firms will have a 15 day window to appeal if they think the wrong decision was made. A new group of brokers will then look at the evidence and make a final decision. Brokers receive an agreed upon fee for their handling of the dispute resolution. But if their decision is overturned, they will not be paid and their Reputation Scores will suffer. If serious fraudulent/criminal activity has clearly occurred, an even wider group will have the power to vote to suspend the suspicious account(s).

of20 27

Copyright 2021 © The Best Coin

thebestcoin.us

It is true that decentralized reputation systems already exist. However, these are incredibly primitive. Let’s take Bitcointalk.org’s “trust system” for example. A user’s trust score only changes when feedback is given by a very trusted member of the community (DT1), and an account rank (e.g “Junior Member”) is given based on the activity and age of the account. Although this is a good start, it means the feedback given by a vast majority of users has very little value or weighting. Not to mention accounts can and are frequently sold, and escrow on the forum is manual and time-consuming. Experts on the topic such as Andres Junge emphasise how important context is when analysing feedback in a reputation system. Let’s say we are calculating the reputation of an individual who has successfully sold 10 products via the platform. There is a lot of information that needs to be taken into account, like the feedback from buyers, the reputation of the buyers themselves, the total value of the transactions, if the seller has an unusual amount of disputes with buyers and so on. It would be not only impossible but also meaningless to merge this information into a single score (to “mix contexts”). Yet decentralized marketplaces like OpenBazaar continue to use a deeply flawed five-star rating system as virtually the only indicator of trust on their platform. Such a system treats $1,000 and $1 transactions with the same importance , and is vulnerable to manipulation in a number of ways. TBC on the other hand will allow anyone to see a range of metrics for each user, which should help them determine who they wish to trade with and who they trust with brokership.

Just before completion of every transaction, users must complete a very short feedback

form which asks the user to rate their counterpart (seller/buyer, broker) from 1-10 on things like trustworthiness, ease of communication etc. The raised funds will allow us to invest into an algorithm to make additional use of these scores and thus improve the platform’s functionality. It will work in harmony with the other TBC technologies, with sales being automatically input into SBI accounting and sales management tools for example.

.

of21 27


Custom Contracts

While

our

marketplace

constitutes

an

important

part

of

the

project,

another

innovation

we

wish

to

offer is

the

idea

of

a

custom

contract.

Why is this relevant to TBC ?

TBC

wishes

to

bring

financial

infrastructure

to

small

businesses .

Often

contracts

are

associated

with

larger

enterprises ,

since

they

conventionally

require

expensive

legal

teams

and

take

time.

aimsTBC to create “template” bilateral contracts, resulting in partner firms being able to quickly

and safely secure legally binding agreements with other members of our platform. The idea is that our platform will contain hundreds of these templates. All templates will contain the necessary outlines of such a contract, such as obligations, conditions, liabilities as well as boilerplate provisions (e.g a force majeure clause). Partners can then choose a template and insert phrases like the names of the parties involved. Within a few minutes, they will have a legally binding contract which they can send to other parties for their digital signatures. Once this is completed, the contract is binding. Unparalled “digital freedom of contract” between firms from all over the world at zero cost is thus achieved. This means contracts are multipurpose; for example they can be used to have immutuable invoices on the blockchain, or for client-firm sales agreements. And the eventual aim shall be “decentralized community enforcement ” of these contracts , as our platform grows and as legal policy on technology such as this becomes clearer . This would work in a similar way to a DAO, with votes enabling democratic rulings to be made in case of any disputes. We also have future plans to use contracts in a different context - to bring decentralized (collateral -backed ) loans to the platform . Like decentralized marketplaces , this idea is not a new one . The weakness of websites/platforms like ETHLend and DYDX is an unnecessarily high collateralization ratio, meaning borrowers need to risk assets worth more (in ETHLend ’s case , twice the value ) than the

actual amount that needs to be borrowed , which seems incredibly inefficient . And a platform like MakerDAO fundamentally suffers from being needlessly complex and difficult to use. Based on how close we are to reaching our “hardcap ” for funds raised , we wish to research the idea of using

stablecoins for decentralized loans. The reason for a high collateralization ratio is volatility; cryptocurrency can fluctuate wildly and so the value of the loan could become much less than the collateral offered. Using stablecoins tied to fiat changes all this. It would boost the financial infrastructure available on our platform and help small businesses who might otherwise struggle financially, as well as encouraging them to invest into improving their human and technological capital.

22 of 27


Partnerships

While we did mention the unnecessary fixation on partnerships in our opening words, it is true that partnerships are almost mandatory to the success of any cryptocurrency project. They strengthen credibility and greatly shorten the time that investors must wait to see a working product. In our case, members of our team were directly involved in the creation of a Brazilian bank called “Cashme,” which just obtained a banking license for all of South America. You may ask why or how a bank would be able to help our project. After all, some may see banks as antithetical to the principles of cryptocurrency and perhaps even see the two as irreconcilable.

But

as

Professor

Jason

Potts

from

RMIT

observes,

"Blockchain

is

an

institutional

technology,

not

an information

technology.“

History

shows

that

institutional

changes

do

not

happen

overnight;

widespread

understanding

and

improvement

in

decentralized

structures

such

as

DAOs

will require

a

significant

cultural

paradigm

shift.

It

is

impossible

to

say

exactly

when

this

will

happen.

We are

for

that

reason

being

pragmatic,

accepting

that

some

of

our

community’s

firms

may

be

understandably cautious

with

technology

that

is

so

new

to

them.

For

them,

we

offer

a

hybrid

solution whereby

they

can

use TBC

technology

alongside

Cashme

services

such

as

fiat

deposits

and loans

which

don’t

require

collateral.

Notably,

Cashme

will

be

a

“cryptocurrency-friendly”

bank,

meaning

unlike

other

banks,

customer

accounts

will

not

be

unnecessarily

frozen/suspended

for

having

links

to

or

dealing

in cryptocurrency.

In

the

upcoming

months,

Cashme

also

is

looking

to

obtain

bank

licenses

in

other

continents, particularly

Europe,

ensuring

our

hybrid

solution

can

become

an

option

for

as

many TBC

users

as

possible

The TBC project

will

directly

benefit

from

the

ten-year

agreement ,

earning

revenues

for

bringing

customers to

Cashme .

We

will

also

work

with

the

bank,

utilizing

their

resources

and

expertise

on

projects such

as

TBC payment

processors

as

well

as

sales

terminals.

Furthermore,

discussion

between

the

TBC team

and

a

credit

card

company

is

currently

taking

place.

Their

help

would

speed

up

our

eventual

desire

to

have

our

own

cryptocurrency

debit

and

credit

cards.

of23 27


Crowdfunded Philanthropy

We at TBC recognize that modern organizations have a certain responsibility to have a wider social impact. TBC’s unique method of doing so is via a special transaction fee on top of the compulsory BSC network fee that BEP-20 tokens have. Half of this will be donated to charities specifically selected by the community, and the remainder will contribute to the maintenance of our platform and various projects (it will go directly to a TBC Institute wallet). Of course, we don’t want there to be a tradeoff between higher fees and adoption (transaction costs shouldn’t be unaffordable for users with lower balances). For this reason, only for transactions above a fixed amount (for now $5) will this additional fee apply. In this way, simply by using TBC for payments, users will contribute to project improvements and concurrently provide much-needed support to altruistic causes around the world. And at the end of each year, the proceeds will be given directly to our community’s selected charities, who will easily be able to convert these to fiat using the tools of the TBC Institute. Why is this superior to traditional charity donations? The problem is many large charities spend huge amounts of your donations wastefully, meaning in some cases more than a third of your donation does not even reach the cause you are aiming to help. In other words, charities seem to hide how much they spend on administrative and marketing costs. In contrast, with us, 100% of the funds donated will go to local charities. Any unrelated but substantial costs such as marketing (including sponsorships) or travelling to meet/help charities will be funded wholly by the TBC Institute. TBC will achieve transparency in several ways. All donations will be published on the TBC website/appropriate social media, and charities involved will acknowledge receipt of the payments. This ensures donations are spent appropriately. TBC ambassadors (well-reputed members as decided by the reputation system) will visit charities regularly. In addition, affiliated charities will be required to publish reports detailing how the money has been used along with appropriate evidence.

24 of 27



InstituteTBC

TBC Institute is an important piece in our project. It is strictly non-profit and will register

as a charitable organization. It will provide the financial backing to our main projects,

and the TBC Partnership Program. While initially it will be an organization run

directly

by

the

TBC team, this will be to carry out the key initial goals of the project.

As

adoption

grows, increasing amounts of power will rest with those who made this

project

possible

–

our

community. The Institute’s main roles are the following: • To manage the funds raised, including rewarding community contributors and

spending to create the ideas/systems outlined in this paper • To be completely transparent, releasing spending reports and regular reports on the

latest TBC news • To organize community events, speak to investors and outside companies,

including exchanges • To support and help small firms that are a part of our community • To handle the philanthropic aspect of our project • To be responsible for legal responsibilities and procedures

Community Participation and Voting

Crucial to the Institute’s model is the idea of proposals and voting, open to all (many systems require paying regular membership fees or verification). Any member of the community will be able to submit proposals on any topic related to the project. To filter out weaker proposals, a small fee payable in TBC will be necessary, alongside a detailed explanation of the idea, how it could be executed, as well as an approximation of its cost). All proposals will need to achieve a certain number of votes in order to “pass” and be discussed by the TBC team. On a dedicated section of the website, the team will publish

feedback on conspicuous ideas, concluding with whether the idea has been accepted

or rejected. The cost of a single vote will be extremely affordable, around $1. It goes

without

saying that measures will be taken to prevent vote manipulation, and we will limit

the number of votes an individual can submit. This prevents those with large TBC holdings from unfairly influencing proposals.

The funds collected from the aforementioned voting system will be deposited directly into one of the many official Institute wallets and will be used strictly for reinvestment. The total wages of employees of the Institute, including the core team, will also be available to view on request by any member of the community. And like with our reports on philanthropy , all transactions involving TBC Institute addresses will be provided regularly, and each individual payment explained so that the community is free to analyze and critique our project.

25 of 27


Portfolio For security purposes, most of the Institute’s reserves will be held in a number of multi-signature (to prevent rogue team members from carrying out malicious actions) cold wallets. However, the debacle surrounding the recent NEM Foundation and its near bankruptcy has shown the clear downsides of holding a large amount of volatile cryptocurrency. In the case of NEM their reserves quickly lost value after the crash in Q1 2018. Our team has therefore decided to hold a diversified portfolio, consisting of US dollars, commodities such as gold which hold their value well, and of course a mixture of TBC and other cryptocurrencies. After our official launch, we will have the financial resources to consult with portfolio managers and the like and invest accordingly.

These decisions will also be shared publicly with the community.

A small portion of the reserves will be designated for investment into TBC community projects which show promise, allowing exploration of unique ideas, the very concept that brought TBC into existence. Research into cryptocurrency related fields in collaboration with experienced researchers will also take place, increasing the potential for future technological progress.

Other functions

The Institute will also have a number of more secondary aims, which are not as urgent but which investors should look forward to. The first of these is a direct fiat to TBC (and TBC to fiat) conversion system which will help create liquidity in the market, and reduce reliance on BTC when having to purchase/sell TBC. This will either be done

through a

third-party

operator

or

through

a

decentralized

exchange

made

by

us.

We also plan to allow people to become shareholders of the Institute, which will have its own dedicated cryptocurrency. This cryptocurrency will track and be pegged to the value of the Institute’s assets at any time, and will be instantly redeemable to partners.

Other features will be elaborated on via official community channels such as via Medium posts or directly through our website. You are welcome to ask any question to us directly via our social media groups such as on Twitter and Telegram.

26 of 27


Roadmap

27 of 27


Our goal is to bring ownership of valuable assets to millions of retail investors, eliminating fiat and legal obstacles.

Documents

The Best Coin Tokens (TBC) WhitePaper V: 1.0