White Paper - Smart Lithium Coin...Pricing After the 2007 financial crisis, major suppliers such as Sociedad Química y Minera (SQM) dropped lithium carbonate pricing by 20%. Prices

©2017-2020. All rights reserved

SMART LITHIUM COIN PAG 1

White Paper

V 3.5.1.2

Smart Lithium Coin (SLC)

The blockchain supply

For the Lithium Mining…



White Paper

Rev. 3.5.1.2

SMART LITHIUM COIN

NOTICE TO RESIDENTS OF THE UNITED STATES

THIS DOCUMENT IS NOT MADE FOR A RESIDIDENT IN THE UNITED STATES. IF YOU ARE A

RESIDENT OF THE UNITED STATES PLEASE DISREGARD ITS CONTENTS. THIS IS NOT A

SECURITY INSTRUMENT AND THIS IS NOT AN OFFER FOR SALE. NEVERTHELESS, FOR THE

AVOIDANCE OF DOUBT, THIS TOKEN HAS NOT BEEN REGISTERED. UNDER THE U.S.

SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR UNDER THE SECURITIES

LAWS OF CERTAIN STATES. A SECURITY MAY NOT BE OFFERED, SOLD OR OTHERWISE

TRANSFERRED, PLEDGED OR HYPOTHECATED EXCEPT AS PERMITTED UNDER THE ACT AND

APPLICABLE STATE SECURITIES LAWS PURSUANT TO AN EFFECTIVE REGISTRATION

STATEMENT OR AN EXEMPTION THEREFROM.

Ideated by Gerardo Iovane

Doc Revision Activity Author

23.04.2018 Revision ver 1.4 G.Iovane

01.05.2018 Revision ver. 1.5 G.Iovane

18.11.2018 Revision ver. 1.6 M.Cipriano










1. Legal Terms, Conditions and Disclaimer ......................................................................................... 3

2. Analysis ............................................................................................................................................... 5

2.1 Analysis: Economical Focal Point .................................................................................................. 5

2.2 Analysis: Overview ........................................................................................................................ 5

2.2.1 Lithium Scenario .................................................................................................................... 5

2.2.2 Lithium Extraction .................................................................................................................. 6

2.2.3 Lithium and Uses .................................................................................................................... 7

2.3 Analysis: Competitors and Cooperators ....................................................................................... 9

3. The Strategic and Technological Project: Smart Lithium Coin (SLC) ................................................. 12

3.1 Technological Scenario: Blockchain and Smart Contracts .......................................................... 12

3.2 The Opportunity: Smart Lithium Coin ......................................................................................... 15

3.2.1 The Market ........................................................................................................................... 15

3.2.2 Lithium prices and forecast .................................................................................................. 16

3.3 The conceptual solution as a response to the identified opportunity ....................................... 18

3.4 Mining of SLC .............................................................................................................................. 20

3.5 Mining Pool for producing SLC .................................................................................................... 20

4 SLC Tokens Distribution Rules and Transparency .......................................................................... 24

8.TES - Token Evaluation System for Best Market Placement and Pricing ........................................... 46

8.1 Introduction to TES ..................................................................................................................... 46

8.2 Input of TES: The Critical Success Factors and their range of variation ...................................... 47

8.3 The Modeler of TES ..................................................................................................................... 50

8.4 Output of TES: Token Expectation Value, Trustworthiness, Reliability ...................................... 52

9. GANTT Diagram ................................................................................................................................. 56

9.1 GANTT - One-time activities to startup and periodic follow-up activities .................................. 56

9.2 GANTT Diagram – Cyclical Activities of Production Process ....................................................... 57

10. The Team ......................................................................................................................................... 58

1. Legal Terms, Conditions and Disclaimer

The present document describes the objectives of the Smart Lithium Coin (SLC).

As white paper, the document gives information on Smart Lithium Coin (SLC) Project. The

content of this document by no means must be treated as a contract or an element of a

contract. No relationship in this white paper can imply a contractual relationship. Its

purpose is just to show the potential investors, cooperators and customers with the

relevant information and progress of SLC. SLC is the most reliable and transparent digital

utility token ever conceived with a specific focus on physical Lithium production. Anyway,



Smart Lithium Coin (SLC), as well as other crypto assets, are not securities and should not be

intended as such.

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 white paper may contain some

statements, financial information or estimates. All of them are just forward-looking

statements or information, and cannot stand for any certain conclusions and cannot be used

as a commitment. Therefore, the potential risk and uncertainties underlying in the

investments cannot be promised. This white paper is the primary information of the SLC

launch. The team will continue its hard work to make the project more widely applicable

and more profitable. So, the white paper may be updated time by time to reflect the

teamwork. The content in this white paper may be translated into other languages in the

form of written or verbal communications. It may be lost or misrepresented, so accuracy

cannot be promised. SLC is a continuously developing and improving platform. Many

implementations will be constantly improved in the process of development. If there is any

inconsistency with the white paper in the course of implementation, the specific

implementation shall prevail.

Acquiring SLC does not entitle the holder to any rights on any of the assets that the

company owns, and does not guarantee any form of profit or gain of any sort. SLC is

committed to maintaining the ownership of lithium mining which guarantee the SLC

emission, without prejudice of the market oscillations. Received funds, other than EUR, are

converted to EUR at the conversion rate applied by the SLC banks; conversion details can be

provided to the purchaser. Funds are only used to buy credits properties and to pay for the

relative expenses. Each time contracts, bank statement and additional details will be

published; exception made for that information that would violate someone's privacy. The

SLC Company and SLC token, from now on "SLC", are not connected and supported by any

gambling system. SLC is not a gambling system itself. SLC is not a gambling chip. SLC Project

is against any form of gambling and does not implicitly or explicitly incentive this form of

entertainment. SLC is a piece of information, decentralized and electronically stored,

accessible to whoever has got the private key to read it. The end-user is the only responsible

for legally using the information.



2. Analysis

2.1 Analysis: Economical Focal Point

The activities based on blockchain, the issuance of coins or digital currency, guaranteed by

collateral, the model for financing the start-up are growing exponentially, and to date, they

have not yet realized the real potential and reached full maturity. In fact, in a short time, the

blockchain will have all the commodities and utilities for their development.

This project aims at a specific utility: lithium. As we will see, lithium is a fundamental

element with multiple uses, first of all, the production of batteries for energy storage to

portable power devices, but also electric vehicles. The time has come for the blockchain to

have its own energy resources: among these, lithium which is the indispensable tool to

make the mobile devices that connect to the blockchain and the services provided by them.

2.2 Analysis: Overview

2.2.1 Lithium Scenario

World production trend of Lithium has dramatically increased since the end of World War II.

The metal is separated from other elements in igneous minerals. The metal is produced

through electrolysis from a mixture of fused 55% lithium chloride and 45% potassium

chloride at about 450 °C. As of 2015, most of the world's lithium production is in South

America, where lithium-containing brine is extracted from underground pools and

concentrated by solar evaporation.

The standard extraction technique is to evaporate water from brine.

Reserves Worldwide identified in 2018 are estimated by the US Geological Survey (USGS) to

be 16 million tons, though an accurate estimate of world lithium reserves is difficult. One

reason for this is that most lithium classification schemes are developed for solid ore

deposits. In contrast, brine is a fluid that is problematic to treat with the same classification

scheme due to varying concentrations and pumping effects. The world accounts for about

15 million tons of lithium reserves, while 65 million tons of known resources are reasonable.

A total of 75% of the resources can typically be found in the ten largest deposits of the

world. The world's top 3 lithium-producing countries from 2016, as reported by the US

Geological Survey are Australia, Chile and Argentine. The intersection of Chile, Bolivia, and

Argentina make up the region known as the Lithium Triangle. The Lithium Triangle is known

for its high-quality salt flats including Bolivia's Salar de Uyuni, Chile's Salar de Atacama, and

Argentina's Salar de Arizaro. The Lithium Triangle contains over 75% of existing known

lithium reserves. Deposits are found in South America throughout the Andes mountain

chain. Chile is the leading producer, followed by Argentina. Both countries recover lithium

from brine pools. In the US, lithium is recovered from brine pools in Nevada. Opinions differ

about potential growth. A 2008 study concluded that "realistically achievable lithium

carbonate production will be sufficient for only a small fraction of future PHEV and EV global

market requirements", that "demand from the portable electronics sector will absorb much

of the planned production increases in the next decade", and that "mass production of

lithium carbonate is not environmentally sound, it will cause irreparable ecological damage

to ecosystems that should be protected and that Lithium-Ion propulsion is incompatible



with the notion of the 'Green Car'". According to a 2011 study by Lawrence Berkeley

National Laboratory and the University of California, Berkeley, the currently estimated

reserve base of lithium should not be a limiting factor for large-scale battery production for

electric vehicles because an estimated 1 billion 40 kWh Li-based batteries could be built

with current reserves - about 10 kg of lithium per car. Another 2011 study at the University

of Michigan and Ford Motor Company found enough resources to support global demand

until 2100, including the lithium required for the potential widespread transportation use.

The study estimated global reserves at 39 million tons, and total demand for lithium during

the 90-year period analyzed at 12–20 million tons, depending on the scenarios regarding

economic growth and recycling rates. On June 9, 2014, the Financialist stated that demand

for lithium was growing at more than 12% a year. According to Credit Suisse, this rate

exceeds projected availability by 25%. The publication compared the 2014 lithium situation

with oil, whereby "higher oil prices spurred investment in expensive deep-water and oil

sands production techniques"; that is, the price of lithium will continue to rise until more

expensive production methods that can boost total output receive the attention of

investors. Pricing After the 2007 financial crisis, major suppliers such as Sociedad Química y

Minera (SQM) dropped lithium carbonate pricing by 20%. Prices rose in 2012. A 2012

Business Week article outlined the oligopoly in the lithium space: "SQM, controlled by

billionaire Julio Ponce, is the second-largest, followed by Rockwood, which is backed by

Henry Kravis's KKR & Co., and Philadelphia-based FMC". Global consumption may jump to

300,000 metric tons a year by 2020 from about 150,000 tons in 2012, to match the demand

for lithium batteries that have been growing at about 25% a year, outpacing the 4% to 5%

overall gain in lithium production.

2.2.2 Lithium Extraction

Salt flats which are rich in lithium. The lithium-rich brine is concentrated by pumping it into

solar evaporation ponds.

Lithium salts are extracted from water in mineral springs, brine pools, and brine deposits.

Mining lithium metal is not expensive, especially at high mountain plateaus, where lithium is

collected from brine ponds evaporated by the sun. Brine excavation is probably the only

lithium extraction technology widely used today, as actual mining of lithium ores is much

more expensive and has been priced out of the market. Lithium is present in seawater, but

commercially viable methods of extraction have yet to be developed. Another potential

source of lithium is the leachates of geothermal wells, which are carried to the surface.

Recovery of lithium has been demonstrated in the field; the lithium is separated by simple

filtration. The process and environmental costs are primarily those of the already operating

well; net environmental impacts may thus be positive.

Once extracted, the lithium-rich brine is subjected to a number of separation processes to

upgrade the lithium content by removing waste materials. Different separation processes

will produce concentrate on differing levels of lithium content. Chemical grade concentrate

sold to chemical producers undergoes additional processing through the sulphate route



process to convert the chemical-grade lithium concentrate to a variety of chemicals

including lithium carbonate, chloride and hydroxide.

2.2.3 Lithium and Uses

Lithium was discovered from a mineral, while other common alkali metals were discovered

from plant material. This is thought to explain the origin of the element’s name; from ‘lithos’

(Greek for ‘stone’) Appearance A soft, silvery metal. It has the lowest density of all metals. It

reacts vigorously with water.

The most important use of lithium is in rechargeable batteries for mobile phones, laptops,

digital cameras and electric vehicles. Lithium is also used in some non-rechargeable

batteries for things like heart pacemakers, toys and clocks. Lithium metal is made into

alloys with aluminium and magnesium, improving their strength and making them lighter. A

magnesium-lithium alloy is used for armor plating. Aluminium-lithium alloys are used in

aircraft, bicycle frames and high-speed trains. Lithium oxide is used in special glasses and

glass-ceramics. Lithium chloride is one of the most hygroscopic materials known, and it is

used in air conditioning and industrial drying systems (as is lithium bromide). Lithium

stearate is used as an all-purpose and high-temperature lubricant. Lithium carbonate is used

in drugs to treat manic depression, although its action on the brain is still not fully

understood. Lithium hydride is used as a means of storing hydrogen for use as a fuel.

The ramp-up of new EV model sales from significant automobile companies is generally

considered to be a key driver of lithium demand in short to medium term. Other factors

include the increased production from battery manufacturing facilities, and the continued

inventory build within the supply chain.

Ceramics and glass

Lithium oxide is widely used as a flux for processing silica, reducing the melting point and

viscosity of the material and leading to glazes with improved physical properties including

low coefficients of thermal expansion. Worldwide, this is one of the most significant uses for

lithium compounds. Glazes containing lithium oxides are used for ovenware. Lithium

carbonate (Li2CO3) is generally used in this application because it converts to the oxide

upon heating. Electrical and electronics Late in the 20th century, lithium became an

essential component of battery electrolytes and electrodes because of its high electrode

potential. Because of its low atomic mass, it has a high charge- and power-to-weight ratio. A

typical lithium-ion battery can generate approximately 3 volts per cell, compared with 2.1

volts for lead-acid and 1.5 volts for zinc-carbon. Lithium-ion batteries, which are

rechargeable and have a high energy density, differ from lithium batteries, which are

disposable (primary) batteries with lithium or its compounds as the anode. Other

rechargeable batteries that use lithium include the lithium-ion polymer battery, lithium iron

phosphate battery, and the nanowire battery.

Lubricating greases



The third most common use of lithium is in greases. Lithium hydroxide is a strong base and,

when heated with a fat, produces a soap made of lithium stearate. Lithium soap can thicken

oils, and it is used to manufacture all-purpose, high-temperature lubricating greases.

Metallurgy Lithium (e.g. as lithium carbonate) is used as an additive to continuous casting

mold flux slags where it increases fluidity, a use which accounts for 5% of global lithium use

(2011). Lithium compounds are also used as additives (fluxes) to foundry sand for iron

casting to reduce veining. Lithium (as lithium fluoride) is used as an additive to aluminium

smelters (Hall–Héroult process), reducing melting temperature and increasing electrical

resistance, a use which accounts for 3% of production (2011). When used as a flux for

welding or soldering, metallic lithium promotes the fusing of metals during the process and

eliminates the forming of oxides by absorbing impurities. Alloys of the metal with

aluminium, cadmium, copper and manganese are used to make high-performance aircraft

parts (see also Lithium-aluminium alloys). Silicon nano-welding Lithium has been found

effective in assisting the perfection of silicon nano-welds in electronic components for

electric batteries and other devices. Other chemical and industrial use Lithium in flares and

pyrotechnics, due to its rose-red flame. Pyrotechnics Lithium compounds are used as

pyrotechnic colorants and oxidizers in red fireworks and flares. Air purification Lithium

chloride and lithium bromide are hygroscopic and are used as desiccants for gas streams.

Lithium hydroxide and lithium peroxide are the salts most used in confined areas, such as

aboard spacecraft and submarines, for carbon dioxide removal and air purification. Lithium

hydroxide absorbs carbon dioxide from the air by forming lithium carbonate and is

preferred over other alkaline hydroxides for its low weight. Lithium peroxide (Li2O2) in the

presence of moisture not only reacts with carbon dioxide to form lithium carbonate but also

releases oxygen. Some of the compounds above, as well as lithium perchlorate, are used in

oxygen candles that supply submarines with oxygen. These can also include small amounts

of boron, magnesium, aluminium, silicon, titanium, manganese, and iron.

Optics

Lithium fluoride, artificially grown as crystal, is clear and transparent and often used in

specialist optics for IR, UV and VUV (vacuum UV) applications. It has one of the lowest

refractive indexes and the furthest transmission range in the deep UV of most common

materials. Finely divided lithium fluoride powder has been used for thermos luminescent

radiation dosimetry (TLD): when a sample of such is exposed to radiation, it accumulates

crystal defects which, when heated, resolve via a release of bluish light whose intensity is

proportional to the absorbed dose, thus allowing this to be quantified. Lithium fluoride is

sometimes used in focal lenses of telescopes.

It is used extensively in telecommunication products such as mobile phones and optical

modulators, for such components as resonant crystals. Lithium applications are used in

more than 90% of mobile phones.

Organic and polymer chemistry

Organo-lithium compounds are widely used in the production of polymer and fine-

chemicals. In the polymer industry, which is the dominant consumer of these reagents, alkyl



lithium compounds are catalysts/initiators in the anionic polymerization of unfunctionalized

olefins. For the production of fine chemicals, organolithium compounds function as strong

bases and as reagents for the formation of carbon-carbon bonds. Organolithium compounds

are prepared from lithium metal and alkyl halides. Many other lithium compounds are used

as reagents to make organic compounds. Some popular compounds include lithium

aluminium hydride (LiAlH4), lithium triethylborohydride, n-butyllithium and tert-

butyllithium are commonly used as extremely strong bases called superbases.

Military applications

Metallic lithium and its complex hydrides are used as high-energy additives to rocket

propellants. Lithium aluminium hydride can also be used by itself as a solid fuel. The launch

of a torpedo uses lithium as fuel. The Mark 50 torpedo stored chemical energy propulsion

system (SCEPS) uses a small tank of sulfur hexafluoride gas, which is sprayed over a block of

solid lithium. The reaction generates heat, creating steam to propel the torpedo in a closed

Rankine cycle. Lithium hydride containing lithium-6 is used in thermonuclear weapons,

where it serves as fuel for the fusion stage of the bomb. Nuclear Lithium-6 is valued as

source material for tritium production and as a neutron absorber in nuclear fusion. Natural

lithium contains about 7.5% lithium-6 from which large amounts of lithium-6 have been

produced by isotope separation for use in nuclear weapons.

Medicine

Lithium is useful in the treatment of the bipolar disorder. Lithium salts may also be helpful

for related diagnoses, such as schizoaffective disorder and cyclic major depression. The

active part of these salts is the lithium-ion Li+ . Lithium has also been researched as a

possible treatment for cluster headaches.

Biological role

Primary food sources of lithium are grains and vegetables, and, in some areas, drinking

water also contains significant amounts. Human intake varies depending on location and

diet. The biochemical mechanisms of action of lithium appear to be multifactorial and are

interrelated with the functions of several enzymes, hormones and vitamins, as well as with

growth and transforming factors.

2.3 Analysis: Competitors and Cooperators

Here we represent the energy contexts, in order to transport financial assets into the

context of blockchains. Different projects were born and proliferate every day in

incorporations and activities. Most of these initiatives concern the most modern

investment. Currently, there are different experiences and realities that deal with tokens

and environmental and sectors, such as online trading, FOREX, on-line portfolio

management, asset management and wealth management.


SMART LITHIUM COIN PAG

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But to date, there is no project or utility token project that enhances the value of lithium on

the blockchain. Let us make some consideration very shortly.

Smart Lithium Coin is an initiative in the context of blockchain technologies with physical

activities. The activities are specific for porting lithium resources in blockchain Community.

Also, to create value and business thanks to the acquisition and working of lithium mines as

well as other parts of the Lithium Value Chain.

Consequently, Smart Lithium Coin does not concern the energy sector in general but deals

specifically with energy storage regarding many appliances first of all in the context of

mobile devices and vehicles.

Associated with 1 Smart Lithium Coin, there is a unit of lithium, defined into the following

TES model (Token Expectation Value) obtained thanks to the management of lithium

production process carried out by the Smart Lithium Project.

Although briefly summarized, we can understand that to date the production, utilization

and exploitation of lithium is limited to a small circle of people, vice versa, energy storage

for mobile devices and all other applications are and must be of worldwide interest. The

creation of a token, as Smart Lithium Coin, then creates an opportunity for anyone to invest

their money while preserving the energy.

A comprehensive analysis of the projects of coin issuance and ICOs in the field of

environment and energy is not the object of this section; moreover, the reading could

become boring for who are interested in understanding the opportunity of our project.

Nevertheless, a brief overview of potential competitors is necessary in order to appreciate

the usefulness and potential of Smart Lithium Coin better. In this way, we will identify the

CSF - Critical Success Factors and what responses our initiative is able to offer compared to

others similar or in the same sector, even if such initiatives are profoundly different.

Below we list the different projects which now seem closer to our project. We shall grasp

the characteristics, so that emerge the value of the project that we present through the final

summary of this section in which we list the CSF.

• Carboncoin ($CARBON) has been in existence since February 2014 now, and its aim is to

provide a cryptocurrency that can be run on an eco-friendly framework and also pay back to

the environment by planting trees across the World.

• ForestCoin is a Crypto Currency that is dedicated to raising funds to purchase and preserve

Forests Worldwide! It promotes initiatives to serve the forests that need them most. The

Proponents believe in taking action with urgency to raise public awareness about some of

the most pressing issues facing today's forests.

• Tree Coins is a cryptocurrency backed by a real forest of Paulownia trees in The Dominican

Republic. Three coins represent each tree.



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• Greencoin set up a Carbon exchange using GreenCoin as the trading Medium. GreenCoin

is paid to producers daily for offsetting Carbon – this directly ties a Carbon value to each

GreenCoin.

• EverGreenCoin is open-source cryptocurrency software. Originally derived from Bitcoin's

source code, it has undergone significant revisions and changes as part of its evolution. It is

not just a coin. The project also makes a public charity, and it is an incorporated business

entity.

• ECO Coin is a currency for sustainable action. The ECO coin is an alternative currency to

express environmental value. This is a way to connect economy and ecology.

• Blockchain + Hydropower is a project about the generation of electricity by using the

power of water.

• WePower enables renewable energy producers to raise capital by issuing their energy

tokens. These tokens represent energy they commit to produce and deliver. Energy

tokenization standardizes, simplifies and opens globally currently existing energy

investment ecosystem. As a result, energy producers can trade directly with the green

energy buyers (consumers and investors) and raise capital by selling energy upfront, at

below-market rates. Energy tokenization ensures liquidity and extends access to capital.

• Restart Energy, an independent European Union electricity and gas supply company with

USD 20 million in current annual revenue that developed the first energy retail franchise is

building a global decentralized and delocalized electrical energy supply platform and

ecosystem. Restart Energy is the fastest-growing private energy and gas provider operating

in an EU country (Romania), offering an innovative online and customer-centric service with

greater transparency.

• DAO Lescoin is an investment fund based on Ethereum blockchain that allows its

participants to receive dividends from the timber enterprise in Russia. International wood-

and-timber trade will provide the investors with stable profits as the demand from

wholesale buyers – primarily, the furniture factories of China – is continuously growing.

Lescoin achieves high profitability by using the modern technologies of logging and

reforestation. At plantations, the Proposers use the transgenic (TG) seeds of coniferous

trees supplied by the industry's leader – Monsanto Biocorp (USA). The seeds have unique

parameters of growth and adaptability to climate conditions.

• EcoToken (ET) is a decentralized сryptocurrency, which is received as a result of financial

turnover directed at improving the ecology on the planet or implementing a global

environmental project. The ET currency was created and launched on the world exchanges

in March 2018 by the "EcoToken Blockchain" team.

Let us analyze the key elements of Smart Lithium Coin. We highlight those elements - which

combined - make the project unique.

CSF – Critical Success Factors of Smart Lithium Coin (SLC)



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This project is not born to build a coin. It realizes an utility token, based on a real utility (i.e.

lithium) and real, measurable activities, which generate an asset to sell, i.e. the carbonate of

lithium or all other lithium-based derivates for industries. Therefore, new coins/tokens can

only be issued when new credits, in terms of lithium production, are generated by Smart

Lithium Project.

Thus, the present project could also exist independently of a coin or a blockchain. On the

other hand, the project becomes irresistible thanks to these three concepts because:

• Thanks to the token SLC everyone can invest in the energy storage, also gaining

economic advantage and not just the companies which produce devices;

• Thanks to the blockchain the project acquires the typical advantages offered by this

technology in terms of decentralization, security, privacy, transparency, democracy,

meritocracy and sociality;

• Thanks to the SLC, everyone has the opportunity to invest. And the team has the

opportunity to realize in a shorter time a crowd funding project that, with traditional

finance, could take years. Besides, having to pay intermediary fees which would negatively

affect, that can be done for the care, protection and enhancement of natural resource and

their utilities.

All the elements above make the Smart Lithium Coin project unique and distinctive.

In the panorama of tokenization, in the energy and environment field, it will be difficult not

to consider Smart Lithium Coin. It not only has no specific competitors, but it could also

cooperate with other initiatives which are not so focused on energy storage. Moreover, its

potential on the entire globe would offer opportunities for everyone to create value,

earnings and investment with the certainty which improves energy storage capabilities and

the industries which use energy storage systems for computing, electric transport, medical

device, and so on.

3. The Strategic and Technological Project: Smart Lithium Coin (SLC)

3.1 Technological Scenario: Blockchain and Smart Contracts

In a society that evolves exponentially and sometimes even in a chaotic way, one of the

sectors that seem to resist the current economic difficulties and that better reflects this

rapid and continuous evolution is undoubtedly that of technology and particularly of

Information Technology. And therefore the Internet, which is increasingly part of our daily

lives, every day, millions of data are sent and transmitted on the network. They are simple

messages, sensitive data or financial assets. The need to use or create reliable mechanisms

that allow secure transactions has always been the subject of research in the field of

information security and cryptography. In fact, over the years there have been various

methods to guarantee the authenticity of the data; just think that we have gone from

electronic signatures to digital ones, which have brought a huge leap forward, especially in

the public administration. In recent years, a new technology has been talking and discussing,



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that seems to guarantee a critical turning point for the future of validation and transfer of

data. Potentially, for the coordination of all human activities on a scale as large as it is never

been possible so far: Blockchain Technology. Of which we often speak of an innovation

destined to change transactional mechanisms forever. Some describe it as a revolution that

will have an impact similar to what the World Wide Web has done. This is possible since all

the possible scenarios are still to be defined. For a while the Blockchain has been confused,

or better identified, with Bitcoin, that is the declension of the Blockchain. In particular one

that is base of digital currency or crypto bitcoin. Perhaps for this latter reason the

Blockchain often appears to be associated with a concept of money, and of payment. In

reality, this technology can be used in many fields. Although its popularity is directly

proportional to its use in the crypto-currencies sector, its technological capacity is already

the subject of discussion among different groups for specific use in real contexts such as:

• To carry out secure operations in contexts where political or repressive political regimes

inhibit the use of the bodies delegated to control them (see the Wikileaks case).

• It can act as a public or private ledger, from which one can trace, check and exchange any

type of data that is concrete (houses, books, cars) or abstract (intellectual property, health

data).

But, albeit in an extremely synthetic way, we start from the beginning.

In 2009 a new era of Computer Science was born thanks to the pioneering work of Satoshi

Nakamoto. At that time, Nakamoto first understood the importance of:

1 Creating a currency that does not depend on central banks, as digital;

2 Creating a mechanism, called a proof-of-work blockchain that guarantees a public

consensus on the transaction system.

Actually, these two elements are proving to be an effective conceptual revolution with

possible implications and applications to any cognitive field and to the different possible real

activities.

About the first point, we can easily understand the importance of a decentralized online

peer-to-peer currency, transforming any transaction into an innovative digital barter, for the

reasons and the effects which we will see later on, avoiding intermediation costs and

accessories.

Even on the second point and its impact on the Community, there would be a lot to say.

Here we limit ourselves to highlighting the most important potential of blockchain, i.e. the

ability to write and track transactions on a highly distributed and decentralized system,

therefore difficult to violate, whose transactions are part of a potentially planetary chain of

transactions. But that at the same time preserve privacy and preserve information security,

since they are decoded by the actors involved in the transaction itself.



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In 2015 another revolution was added to this revolution: it is called Ethereum, conceived by

Vitalik Buterin, and developed in teams with other personalities known today to the high-

tech world. Ethereum is a decentralized web 3.0 platform for creating, peer-to-peer

publishing and automatic execution of contracts, from which the definition of smart

contracts. At date, Ethereum represents the first implementation of blockchain 2.0. Its real

innovation consists precisely in smart contracts, or algorithms, which have within them

contractual elements between people. Those are automatically executed by a machine,

without lawyers, notaries or other intermediaries, but only for the expressed will by the

contractors, with a clear reduction of ancillary costs and possible disputes.

The basic concept behind smart contracts is so simple that it can be executed by a

computer, even if the underlying operations or actions have high complexity. It is of the

type: if this then that, that is, if A does a at that time then B must do b; when b is done the

contract between A and B is realized and completely executed obtaining A the effects b of B

and B the effects a of A. It is evident the simplicity of an underlying logic of this type and

the extensive potentialities in terms of complexity, generalization, use and articulation. This

encourages the emergence of the DAOs or the Decentralized Autonomous Organizations,

which are long-term smart contracts managing assets and encoding the statute of an entire

organization. Therefore, a smart contract corresponds to a set of states, a sort of traffic light

with more than three preordained elements, whose initial state is that before the contract

begins, all states in the false situation are red, during the running some of the reds will

become green, thus providing the current level of execution to which the smart contract has

arrived, while at completion, the traffic light will have all the elements in green. From this

point of view, it is understood that a smart contract is a dynamic system and the execution

of a smart contract is a function of the transition of predefined states (the fundamental

elements of the contract) within the system of state transitions (i.e. for simplicity the smart

contract). The applications and uses that we can build on the conceptual basis just described

in the smart contract are practically infinite, but as it can be seen from the Ethereum white

paper, they can be classified into three main categories:

- Financial applications (other currencies, financial derivatives, hedging contracts, asset

management, investment management, etc.);

- Applications with indirect economic repercussions (management of assets of any kind

which - through real activities - creates value, which at some point can be monetized);

- Non-financial applications (voting, government, management, social, identity, reputation,

etc.).

Of particular interest for all three types of application is the token system, or a kind of

shares, tickets or vouchers depending on the case, which is provided to the various actors

involved in the project as donors, lenders, developers, users, etc. The underlying mechanism

of tokens is basically a database that takes into account how tokens are distributed. In other

words, if n is the number of tokens possessed by A and A must confer x unit to a second

actor B, then the smart contract will have to perform mainly the following operations:

i) Verify that x <n for A (i.e. A has the necessary units),



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ii) B is willing and has reason to accept x from A.

At this point, it should be clear that Blockchain technology is a method of distributing

information, to which physical or real-world resources can be associated. In particular, this

is a transactional database, distributed in a twinned way on multiple computers (servers,

PCs, etc.). The data contained in the database are divided into blocks, within each block are

stored in multiple transactions. Then the blocks are distributed among the nodes of the

network, according to the peer-to-peer (P2P) logic, i.e. through a direct link between the

nodes themselves.

The Smart Contracts represent the real turning point of the Blockchain. The term "Intelligent

Contract" can be misleading to most people because it is often used in an atypical way.

These are contracts contained in software written on a secure, traceable and immutable

shared database (blockchain). They are software that contains terms, conditions and

methods of execution. The same is stipulated and executed automatically, i.e. without the

aid of human intervention; precisely because the absence of human intervention also

corresponds to the lack of an interpretative contribution. Smart Contract must be based on

exact descriptions for all circumstances, conditions and situations which must be

considered. Here there is the management of data, and in particular, Big Data becomes a

critical factor that is essential to establish the quality of the Smart Contract. At the same

time for the Smart Contract, it is fundamental to define in an exact way the data sources to

which the contract is called to abide. Smart Contract is called to receive data and

information from subjects which are defined and certified by the parties in the contract

itself and which must be identified, checked, read and interpreted by the Smart Contract

based on precise rules. The rules represent one of the most relevant and strategic

conditions which determine the final output. And then it comes the most pertinent point,

concerning the substantial differences between the traditional contract and the Smart

Contract. In fact, Smart Contract is executed thanks to code by a computational machine; a

program that calculates deterministically (with identical results against identical conditions)

the information that is collected. In other words, if the inputs are the same, the results will

be equal in interpretation; on the other, it will shift the weight and the responsibility or

even the power to decide on code, programming and development.

This project aims to be able to use the Smart Contracts in Energy Storage based on lithium

with high development potential compared to other areas.

3.2 The Opportunity: Smart Lithium Coin

SLC stands for Smart Lithium Coin. Let us take an example to understand better the

advantage described at the last point of the previous section.

3.2.1 The Market

The lithium supply market was 171kt LCE in 2015. The four largest global producers (ALB,

SQM, FMC and Sichuan Tianqi) have a combined market capitalization of US$26bn and

accounted for 83% of global output in 2015. Further, the second largest Chinese producer,

Ganfeng, has a US$3.6bn market cap and will be vertically-integrated once the Mt. Marion



16

asset ramps up in the second half of 2016. These five companies control 45% of global

reserves. EV Valuations expect global output from current producing assets can expand

from 171kt LCE in 2015 to 215kt LCE in 2019, with most of this expansion coming from

Orocobre Phase II (commissioning), ALB's La Negra plant in 2018 and the third operation

from 2021/22, along with increased output from Chinese producers. More than 250,000 Ton

per year coming from new mines in the next 8 years. Most of it coming from Brine Salars,

mostly from salars in the neighborhood of SLC selected mines.

For most of the 2000's the lithium carbonate price steadily increased, however over the past

12 months the price has risen dramatically from US$7,000 to US$22,000 per ton leading to a

new boom in project acquisitions across the world as companies scramble to secure tenure

across land prospective for pegmatites. In 1998 to 2009 the average price for lithium

carbonate per ton grew to more than three times its historical benchmark of US$2,000 per

ton, peaking at around US$6,000 per ton by the end of 2012. After the peak, in 2013

industry undertook an adjusting period of 10 months through to October 2014 where new

demand from energy vehicles increased the price for lithium carbonate and started a new

rally in the latter half of 2014. The 2015 rally corresponded to a combination of two factors

being the demand for battery-grade lithium carbonate caused by a request for new energy

vehicles and upstream industry bottleneck issues. Prices increased to US$8,000 per ton.

3.2.2 Lithium prices and forecast

(Price Forecast Lithium Carbonate 99.5% - Deutsche Bank)

New supply is being incentivized into the market over the next 12 months (Mt. Marion and

Mt. Cattlin) with another wave of spodumene being developed for potential market entry

from FY18. While these projects require incentive pricing to enter the market over the next

2- 3 years, EV Valuations are of the view that long term pricing will be driven by marginal

cost. Marginal cost longer-term set by brine projects 76% of global lithium reserves are

brine-based deposits, and while they are more capital intensive and slower to respond to

market conditions, brine projects have inherently lower costs and greater economy of scale.

As a result, EV Valuations believe brines will reclaim market share after 2018 and

spodumene pricing will be linked to the marginal cost of a brine asset producing lithium

carbonate, not the other way round. According to Deutsche Bank, global lithium demand

increased 15% year on year to 212kt Forecast lithium carbonate equivalent (LCE) in 2016,

slightly ahead of estimates. Deutsche forecast lithium pricing to remain elevated relative to

historical averages, but retrace 15% over 2016 pricing levels. Further, the medium-term

outlook is improving, and Deutsche have recently lifted their 2019 demand forecast to

380kt. Additionally, SignumBOX forecasts that global demand will reach 400,000tpa of LCE

by 2025 (2013: 186,000 tons of LCE), circa 250,000tpa, which are forecast to be required by

the lithium-ion battery market as players in the electric car industry set strong targets

focused on increasing the market penetration of their products. Tesla is aiming to build

500,000 vehicles per year by 2020, and China has set ambitious targets for domestic Electric

Vehicle (EV) development and deployment, aiming to have 5 million EVs on the road by

2020. Current forecasts predict the global market for Lithium-ion batteries in passenger



17

vehicles will grow from $3.2 billion in 2013 to $24.1 billion in 2023. Lithium Carbonate Price

Forecast Deutsche Bank considers that the main battery-grade lithium carbonate price will

stabilize around the $10,000/ton (USD) mark for the immediate future. Benchmark expects

the average forecasted price range for lithium carbonate 99.95% to be $9,500 to

$13,000/ton (USD) between 2017 and 2020

According to UBS, Lithium prices will remain well above historical levels thru 2024, UBS

Securities said on Thursday, June 15, 2017, as electric car batteries reach cost parity with

ICE—Internal Combustion Engines—in mid-2018. They suggest that will spark a huge

increase in demand; one that the lithium supply chain will be hard-pressed to meet. Lithium

and cobalt are two obscure metals that are key ingredients in batteries that will be used for

Electric Vehicles, and both residential and utility power storage for renewable energy

sourced from wind and solar. Lithium is like the “frac sand” of the new, greener, energy era.

UBS’ June 15 report—entitled Driving Disruption—is also positive news for investors in

developing lithium brine plays, suggesting gross profit margins will be over US$7500/ton for

a year. The increase in lithium production required to meet this demand is staggering,

compared to the current global market for lithium. The chart above shows what happened

to lithium pricing as it's used in the batteries of consumer electronics. Future pricing

estimates are adding two new global markets—EVs and large scale battery storage. UBS

outlined just how much extra lithium has to get into commercial production to meet

demand: Lithium must see a 2898% increase in production. UBS suggests supply routes are

full of uncertainties saying that both the liquid brines and hard rock deposits "show a history

of successfully running operations both consistently and near nameplate capacity". The

leverage in this fast-growing sector is with the development companies; the near-term

production players who are getting ready to meet the rising demand for lithium. The Big

Producers like FMC and Albemarle (ALB-NYSE) have already seen their stocks double and

triple respectively in the last 18 months

Governments are setting carbon emissions targets for the automotive industry whilst also

subsidizing EV technology. Beyond traditional demand markets and the emergence of EV,

another potential market is beginning to materialize. Battery energy storage on a grid-,

industrial-, commercial- and consumer-scale is reaching commercial viability, and rapidly

falling battery costs suggest that the Energy Storage sector could grow materially over the

next ten years. What does this mean for the battery supply chain? Significant investment is

underway to increase global production capacity of lithium-ion batteries, from the EV car

manufacturers through to existing producers of the key components of the battery cell. In

this report, EV Valuations focus on lithium, the critical element that drives the chemistry

within a lithium-ion battery, to understand if lithium supply is a key risk to this growing

thematic. Global lithium supply needs to triple in 10 years. Global lithium demand was 184kt

in 2015, with battery demand increasing 45% and accounting for 40% of global lithium

demand. Based on our analysis, global lithium demand will increase to 534kt by 2025, with

batteries accounting for 70% of global demand. EV Valuations have reviewed over 70

companies and 125 lithium projects to forecast how the supply market will respond.



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3.3 The conceptual solution as a response to the identified opportunity

Introducing Smart Lithium Coin, we realize a platform with the aim to build a lithium reserve

dedicated to blockchain Community and not only since anyone will have the opportunity to

participate, like as single person, industry, company realizing mobile device and so on.

Everybody, regardless of their financial possibilities, should have a place in the world and

enjoy its benefits. SLC uses blockchain technology to ensure improvements in lithium-based

energy storage. We propose a scenario where ordinary people, indeed, everyone can have

in its portfolio a coin directly connected to lithium assets with a small initial investment and

in proportion with the capabilities of each person.

In this way, SLC allows everyone to make a profit from the token appreciation together with

asset income. SLC price will be linked to quantities expressed in kg of Lithium carbonate;

SLC smart contracts will hold all coin transactions, and they will be traded on the most

important exchanges. SLC tokens are built on the ERC‐20 standard, which allows for simple

integration into users‘ wallets. Additionally, you will be able to use SLC for a different kind

of opportunities which are under construction thanks to the affiliation and the partnership

realized by Smart Lithium Coin project. Starting from now in the context of real estate,

environment and carbon credits, securitization, general services, beauty, agriculture, food

and nutrition, and so on and as reported into Atmosphere Arc ecosystem. One of the

targets of SLC project is to take stable the token fluctuations, since the collateral in the form

of assets will vastly decrease the chance of surges of the coin, allowing holders to benefit

from a more reliable and stable growth in the value of the coin itself. Consequently, buying

SLC, you will be effectively storing your money in a token which will be backed by real

assets, thus in a context of economic development and growth, effectively minimizing risks

usually associated with alt‐coins.

Most people see the importance of diversifying their business profits into something that is

more than just a savings account. Most people could look at lithium assets because it gives

significant solidity, opportunities in time and everywhere. Knowing how to seize an

international opportunity is not easy, we give you this chance thanks to SLC into the context

of ancillary and consumable raw materials, i.e. lithium carbonate extraction and the lithium

value chain.

The production associated to SLC is similar to other investments. They require great effort

to analyze, to select, to buy, to manage, resources after acquiring it. SLCs offer the benefits

of owning a credit in the world without spending the amount of money and time that you

would normally need to cash it. Thanks to our project, we will present your satisfaction in

Smart Lithium Coins when we cash our credit, and you will decide to keep or sell the SLCs.

When we cash a credit, we will share the profit with you in the form of SLC. SLC issuances

are always backed by real value, that is, the credit owned by SLC. This means that the value

of SLCs will appreciate together with the value of production/extraction of lithium and the

development of its value chain. Therefore, you will be able to sell SLCs at a higher value

after some time. You do not have to worry about bureaucracy, as our team will take care of

all the procedures. New coins emissions will happen regularly, depending on market status,



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when the coin price in the market reaches pre‐fixed thresholds. At each emission coin price

will increase according to our ability to use the resource of the project in the institutional

activities of the project itself, thus increasing the average coin value at emission. The token

will soon be listed on major coin exchanges to increase liquidity and allow access to the coin

itself from as many people as possible.

Of course, as for other similar projects targeting on other strategic opportunities, we also

have in Smart Lithium Coin project the typical advantages of blockchain. That is: i) Effective

Service thanks to our customized platform, ii) Immediate Payment thanks to transfers

regulated automatically by Smart Contracts, iii) Peer to Peer Payment services that is the

most popular and updated form of payment, web wallet services to use your SLC to other

activities too.

You will benefit from the Ethereum blockchain (and diffusion) since SLC smart contract is

ERC20 compatible, allowing it to benefit from the Ethereum blockchain (and diffusion). This

makes transactions on SLCs safe and secure, and easily traceable. The smart contract will be

made available on public repositories for easy access and control. An online management

system will be made available so that user can manage their wallets, buy and sell tokens,

and enroll themselves in future issuances. In order to buy SLCs, you can pay with ETH or

FIAT currencies through our web securitized portal.

A brief guide to our project is summarized here.

Distinctive elements:

• The first and currently only coin-project connected to the Lithium extraction activities.

• In our team, there are specific skills and abilities and the legal, economic, managerial,

finance, and IT skills which are required for the good development of the project.

Here we list some details in brief:

1. Coin: Smart Lithium Coin (SLC)

2. Company name: Smart Lithium Coin LLC

3. Initial reserve: 5 billion SLCs, whit specific allocation as described below

4. Minimal size from 100 USD (if the purchase is made by bank transfer) or 50 USD (if

the purchase is made by other cryptos)

5. Ethereum based smart contract which stores all transactions

6. Buy and sell on most exchanges

7. Pay for renting or buying properties/service in Atmosphere Arc ecosystem by SLCs

8. Get a share of profits automatically as new SLCs comes

9. Plus, profit on coin appreciation!

10. Coin issuance backed by real and certified credits;



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11. Periodic token sales are guaranteed to increase the average coin value, due to

lithium extraction and new acquisitions in strategic areas of the world where the

lithium is present either as a natural resource, a manufactured commodity or

integrated into a final product.

You can acquire SLCs in the different production cycles by getting different opportunities.

3.4 Mining of SLC

Mining is the mechanism by which digital currency is generated.

In the case of SLC there are several activities to generate coin; this is because SLC is linked to

a real production process, i.e. the lithium extraction, fully sharing the production process

and the underlying business model. This is a distinctive element compared to other

initiatives in the financial sector. In fact, as already described, the activities of the project do

not only concern the sale of assets, but also the typical activities of production,

maintenance and management of natural resources for the assets valorization.

Therefore, the SLC is linked to a real productive activity. Is associated with a benefit (the

utility token) in relation to specific and planned actions aimed at achieving a specific task.

From the relative point of view it is within the process of the production of lithium derivate.

From a general point of view has a specific impact in relation to actions to improve resource

storage energy. (For example, in computing or transportation contexts or in all sectors

where the lithium has a fundamental role).

3.5 Mining Pool for producing SLC

The Mining Pool (MP) of SLC, from now MP- SLC, is the structure developing activities

planned and implemented, in accordance with the macro-tasks considered above.

The MP-SLC can be deconstructed into three distinct functional areas:

- Governance,

- Management,

- Operations,

in relation to the actual tasks to be carried out for the production of SLC.

Therefore, each pool must provide coverage of the following tasks, with the possibility that

more than one task can be covered by the same actor. The controlled and controlling

process, certified and certifying, etc. are executed by different actors.



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Actions of Governance

GA1. General Planning;

GA2. Planning for Governance Actions;

GA3. Planning for Management Actions;

GA4. Planning for Operational Actions;

GA5. Mining Project Supervision;

GA6. Project Supervision for Governance Activities;

GA7. Project Supervision for Management Activities;

GA8. Project Supervision for Operational Activities;

GA9. Project Management for Mining;

GA10. Project Management for Governance Activities;

GA11. Project Management for Management Activities;

GA12. Project Management for Operational Activities.

Physical or juridical persons, performing the activities mentioned above, are called General

Controller Officers (GCO); smart contracts remunerate each of the activities above according

to the following algorithm

Operations

Management

Governance



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IF STATUS of LAST_Governance_Activities = ON

THEN

RELEASE SLC = Governance_Quota

WHILE i = 1..n

PAY Ai = Governance_Quota / number_n_of_Governance_GAi

Actions of Management

MA1. General Addressing of Management;

MA2. Coordination of Management of Methodologies, Models, Methods;

MA3. Coordination of Management of Technologies;

MA4. Coordination of Management of Computing;

MA5. Coordination of Management of Technical Activities;

MA6. Coordination of Management of In-Field Activities;

MA7. Coordination of Management of Transformation Activities;

MA8. Coordination of Management of Plan of Project (PoP);

MA9. Coordination of Management of Plan of Monitoring (PoM);

MA10. Coordination of Management of Compliance Processes;

MA11. Coordination of Management of Certification Processes;

MA12. Coordination of Management of Affiliations;

MA13. Coordination of Management of Scouting Activities;

MA14. Coordination of Management of Market Placement of SLC;

MA15. Coordination of Management of Promotional Activities and Results Dissemination;

MA16. Coordination of Management of Validation and Quality of Services.

Physical or juridical persons carrying out the activities mentioned above are called the

Superior Controller Officer (SCO); smart contracts remunerate each of the activities above

according to the following algorithm

IF STATUS of LAST_Management_Activities = ON

THEN

RELEASE SLC = Management_Quota



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WHILE j=1..m

PAY Aj = Management_Quota /number_m_of_Management_MAj

Actions of Operations

OA1. General Management of Production;

OA2. Management of Methodologies;

OA3. Management of Models, Model Applications, Model Customizations;

OA4. Management of Methods;

OA5. Management of Technologies;

OA6. Management of Computational Resources;

OA7. Management of Computing;

OA8. Management of Platform;

OA9. Management of Technical Activities;

OA10. Management of In-Field Activities;

OA11. Management of Transformation Activities;

OA12. Management of Plan of Project (PoP);

OA13. Management of Plan of Monitoring (PoM);

OA14. Management of Compliance Processes;

OA15. Management of Certification Processes;

OA16. Management of Affiliations;

OA17. Management of Scouting Activities;

OA18. Management of Market Placement of credits;

OA19. Management of Market Placement of SLC;

OA20. Management of Promotional Activities;

OA21. Management of Results Dissemination;

OA22. Management of Results Validation and Results Realignment;

OA23. Management of Quality of Services;

OA24. Management of Data Production;

OA25. Management of Data Security;



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OA26. Management of Contents

Physical or juridical persons carrying out the activities above are called Controller Officer

(CO); smart contracts remunerate each of the activities as mentioned above according to

the following algorithm

IF STATUS of LAST_Operational_Activities = ON

THEN

RELEASE SLC = Operations_Quota

WHILE k=1..r

PAY Ak = Operations_Quota /number_r_of_Operations_OAk

In the new jargon of the blockchain, if at the functions described above are associated

physical persons who are responsible for the various activities of Governance (GA),

Management (MA) and Operative (OA), we obtain the so-called Mining Pool, or the working

team. They are the real and physical generator of value which is associated with the minting

of SLC and of which the results of production units will be collateral.

This profoundly differentiates a coin - like the Bitcoin that is born as pure crypto coin. SLC is

instead born as a utility token or a coin with its underlying physical resource and proof of

stack linked to real activities, which are made to produce and apply lithium, i.e. the credits

to recover and the activities undertaken to protect and enhance the investment.

In the era in which we live, services can also be worth more than the goods produced. The

philosophy that we intend to adopt for SLC places the generation of value, i.e. the cashing of

credits, at the center of the business model and of value creation, considering all the other

activities, although fundamental, however ancillary and instrumental to the creation of

value on the property. Allowing the coin not to be easily inflated, keeps compliance high,

does not allow the introduction of new currency without collateral arising from the

introduction of new assets in the project.

Therefore, in addition to what is described above, it is useful to highlight the following rules

of good conduct.

4 SLC Tokens Distribution Rules and Transparency

Here we describe the fundamental rules of SLC Tokens distribution.

1. SLCs can be emitted only if there is an equivalent value of credits to recover. The pre-sale

is covered: all those activities to create the project, agreements for mine rights and platform

realization serve to cover the startup. This is another distinctive point concerning other coin

projects, which invest just on a business idea and a white paper.



25

2. SLCs can be transferred by their owners to whoever they want.

3. SLC is not implementing any fee for blockchain transfers, but senders/buyers will have to

pay the standard ETH transaction fee as they would do for any other token transfer based

on the ETH blockchain. This fee is not related to and controlled by SLCs;

4. SLCs stored on the board of directors’ accounts are locked: i. Each account contains a

different number of tokens, as detailed at the moment of subscription; ii. Each account is

unlocked after one year from the publication of the smart contract on the blockchain; the

smart contract enforces this rule; iii. Each account can release a number alpha of tokens

according to the following mathematical rule:

alpha = Token_Sold_To_Public/ 0,75 B Director_Assigned_Tokens, with B=5.000.000.000

iv. Board of directors’ accounts are communicated immediately at the moment of

subscription

5. SLC price is fixed at the pre-sale time expressed in mine rights and other added values as

shown into the TES model - Token Expectation Value;

6. SLC price will change on future emissions;

7. Minimum purchase by FIAT currencies and altcoins, but ETH, is set at 100 USD;

8. Conversion rate, applied to calculate the amount of SLCs issued, is the one existing at the

time SLC receives the paid amount.

9. i. Sending ETH to the company account will cause the system to check the cross ETH/EUR

price and release an equivalent amount of SLC; ii. ETH/EUR price is checked every 1 minute,

before the exchange phase while later you can follow the market tick; iii. If the amount of

ETH sent to the company account is less than the amount needed to buy 1 SLCs, the

transaction is declined and the amount, deducted of the ETH fees, returned to the user; iv.

As usual, the only fee users will incur to buy and transfer SLC is that implemented by ETH

itself, which is not related to and collected by Smart Lithium Coin.

10. Pre-sale terminates when SLCs on the company account are sold out or after 12 months

from the starting date of pre-sale;

11. Project share quota is divided and shares proportionally with SLCs owners in the form of

SLCs. SLCs are shared automatically to SLCs owners on the exact date and time of SLCs

distribution which will be announced from time to time on the website; i. Project share

quota is calculated, taking into account the income generated by SLC Project; ii. Project

share quota might be distributed or not distributed, according to SLC appreciation.

12. SLCs which are not acquired into the pre-sale phase will be destroyed, and the value of

work not used into the first emission will be allocated as a guarantee for following

emissions.



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13. SLCs held by users can be controlled only by their respective owners. Nobody at SLC

project can lock, destroy, transfer, recover password, secret keys, or interfere in any way

with users’ SLCs;

14. During the normal activity after pre-sale phase, SLCs which are not sold will not be

destroyed since they are an asset in proportion with the realization of credits, while they

can be used in any time by the SLC project; in addition, the assets, that lithium, will produce

a proportional reduction of next emission or the reacquisition of SLCs from the partner or

the market so that the equilibrium between SLC and natural resource of lithium is

preserved;

15. SLCs are not company shares: consequently, do not guarantee to users vote for

decisions.

In the different emissions, the SLCs are divided according to the following algorithm:

Q1. Founders: 9%

Q2. Investors/Donators: 75%

Q3. External Advisors: 9%

Q4. Company Assets: 2%

Q5. Company Officers: 5%

Q4 is a portion that performs compensation function in the event of unusual market

fluctuations or to provide liquidity to the project at specific times.

9%

75%

9%

2% 5%

Partition Quota of SLCs per each issuance

Founders

Donators

Advisors

Company Assets

Officers and Sub-Officers



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Q5 is divided into three parts with the following percentages between Governance,

Management and Operations:

- Governance: 40% of Officers Share;

- Management: 30% of Officers Share;

- Operations: 20% of Officers Share;

- Support Staff: 10% of Quota Officers,

Where for Support we mean all the non-managerial staff who performs support,

accompaniment and collaboration to the planned and catalogued activities. If this quota is

not allocated, it will be divided among the Officers according to the above quota.

In relation to the efforts made, the distribution of SLC is an additional mechanism for

remunerating activities of employees; in other words, a tool equivalent to stock options for

employees of a traditional-type company.

Taking into account our experience, based in the association of one coin for each lithium

portion, we have decided to issue 5.000.000.000 (5 B) SLCs. Consequently, the total

available coins will be 5.000.000.000 (5 B).

The project can be divided into three phases: the first phase is the pre-sale, the second will

reach the stage 9, while the third phase will start with stage 10 and will finish with 11 cycles.

8%

9%

9%

9%

9%

9% 9%

9%

9%

10%

10%

SLCs Issuance Pre-sale

2nd cycle

3rd cycle

4th cycle

5th cycle

6th cycle

7th cycle

8th cycle

9th cycle

10th cycle

11th cycle



28

A fraction of 8% (400M SLC) will be released at the pre-sale phases to capitalize about 8M

USD or Euro equivalent. The remaining will be stored in the company and released in

subsequent periodic issuances. The present plan considers allocating the remaining SLC’s

stock in the following 11 years, with a pseudo-linear saturation growth as reported above.

By considering the emission of 6% in the first round, according to the model described

above about the Partition Quota, we will have the following allocations

At pre-sale time

300.000.000 SLCs (corresponding to 8,1 M USD of Investments, at exchange rate 1 SLC =

0,027 USD) reserved to pre-sale Investors/Donators,

36.000.000 SLCs reserved to Founders,

36.000.000 SLCs reserved to Advisors,

8.000.000 SLCs reserved to the Company,

20.000.000 SLCs reserved to the Staff.

For a total of 400.000.000 SLCs.

The coins reserved for board members and founders and staff will be locked and released

when issuances are made; a percentage of the reserved coins will be released, which is

equal to the total percentage of coins issued. The smart contract ensures this mechanism,

and it makes sure that no member can release its coins, causing inflation. To make an

example, if at a particular time 10% of the total coins are released to the market, 10% in the

hands of the other parties or destined to future emissions will be available for selling. In

contrast, the remaining 80% will still be locked.

When the price of SLCs increases, new SLCs will be issued at the current market price. This

will increase and consolidate the value of the previously issued coins. In fact, the value of

assets will not raise as fast as that of the SLCs. We will take advantage of this phenomenon

to create value for everybody. This concept is shared in most of the financial projects and

real estate cryptocurrency. Thanks to new issuance, the project will have new liquidity to

extract or to buy assets continuing in this way the value creation.

5. Risk Analysis, Management and Mitigation

Part of our team comes from information-security and decision support systems, while

another part has experience about the management of companies. Consequently, special

attention and sensibility are focused on processes to create value, not in a free framework,

but in a known and managed risk infrastructure. What we write here in the present project

is useful for financial assets based on blockchain, but probably it can be used in any project

based on the innovation given by blockchain.

Enterprise Risk Management is not just a list of risks, but it is a cultural and innovation

process too.



29

Heightened standards and significant investments have increased the size and scope of

responsibilities for risk and compliance functions. Often overlooked as success factors, risk

management and regulatory compliance are intended to drive growth and act as enablers of

business strategy. When implemented correctly, they create not only greater confidence,

but also higher speed to value.

Each main activity or process of a Company is fundamental in Enterprise Risk Management

(ERM) to create value. This is especially true for a new and innovative project like as the

present in the blockchain context.

Several factors are contributing to the demand for ERM, such as the increased speed of

change, growing market volatility and complexity, higher expectations from investors, more

significant pressure from regulators, etc. Many organizations are demanding value beyond

"enterprise risk listing" activities and the inertia that can impact an ERM program that loses

momentum. They want and need ERM programs that help them anticipate, adapt and

respond to changes, focusing efforts and resources on risks and opportunities that can

impact their strategy and performance. Forward-thinking organizations are using ERM to

integrate strategy, business planning and key decision-making processes to drive better

business performance.

Starting from this vision, we understand that in ERM we must consider a conceptual pipeline

made by the following fundamental steps:

Analysis of the input and output of the system enterprise;

Analysis of processes operated and realized by the enterprise;

Searching and Estimating Critical Factors;

Discovering and Maximizing Critical Success Factors;

Discovering and Minimizing Critical Fault Factors;

Defining Strategies to be effective and efficient concerning the governance, the

management and the operational activities of the project and the Company;

Validating the Results and realign the results;

Disseminating lesson learned and the culture of ERM.

Anyone familiar with proper business management, from this simple and reduced list, will

easily understand the importance of risk management and corporate compliance for us as

the key to success. Good ideas are not enough to make a successful initiative, while often

not excellent initiatives are thriving thanks to excellent project management, which does

not neglect any key element. There are several high-level companies which are specialized

in strategic consulting relatively to ERM and compliance. In this project, we have decided to

follow the approach proposed by Protiviti. It can be detailed thanks to four keywords:

Strategic: Considers the impact of risk on strategy and performance,

Balanced: Measures both risks and opportunities,



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Integrated: It is integrated with strategy setting, planning and business execution,

Customized: Reflects organizational business needs, expectations and cultural attributes.

The following picture anticipates our attention to risk management and how we intend to

go ahead about it. We are confident to reinforce our risk management strategies thanks to

the specialized and strategic advice of Protiviti's ERM Center of Excellence.

We intend to identify the CSF of Smart Lithium Coin.

We can distinguish the main ten risk factors: endogenous and exogenous to the activities

based on the project.

The Endogenous Factors are:

q1) The risks of hacking or cracking of blockchain and system;

q2) The liquidity of the coin and its cashing;

q3) The creation of a team that is adequate for the project;

q4) The correctness of the analysis of the credits;

q5) The accuracy of choice to enhance the opportunity to invest in assets based on

lithium.

The Exogenous Factors are:

q6) Regulations;

q7) The behaviour on the exchange market of the main cryptocoins and cryptocurrencies;



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q8) The feeling of the public on this innovation of thought, called blockchain, and the

behaviour of the great actors of the world market;

q9) The trend of lithium market;

q10) The decision to create SLC.

Concerning the 10 sources of risk indicated above, here we analyze the possible strategies

to be implemented for risk management according to the model above.

a1) The risk of hacking or cracking the blockchain and of our project that rests on it is

minimal but not null. The blockchain was born as a system with a very high decentralization.

This is one of its strongest elements, and its high security derives from it too, since high

distribution discourages any kind of attack that the attacker should simultaneously move on

a very high number of computers. Furthermore, security becomes even more effective

thanks to information redundancy and cloning, as well as the distribution of blockchain

blocks on a large number of nodes.

Moreover, part of the project team is very interested in technological developments on its

security protocols and the security of knowledge. A partnership is being defined with

another relevant project, called OptPrime, concerning the mining of blocks with algorithms

based on prime numbers. This is the Mathematical subject on which the entire IT security of

the last 70 years is based in different forms.

a2) The liquidity and cashing of the SLC is another possible risk; to be successful, an alt‐coin

needs to be tradable and liquid on the market; consequently, SLC will be listed on major

exchanges, to allow easy transfers. Furthermore, SLCs owners will be able to use them for

buying services from the company, like as paying for rent or purchase anything into the

alliance of SLC project or use the coin directly with the affiliated projects, first of all, and

among the others Smart Forest Coin, Italian House Coin project, Malta House Coin project,

Bulgarian House Coin project, Securization Coin. In fact, at the moment of this white paper,

we are preparing the collaboration agreement. A chain of affiliations and alliance makes

part of the project, allowing the owner of coins to use them also for other activities.

a3) At the time of designing the present project, the choice of the team was one of the first

elements to our attention. The identified team has all the useful and necessary elements for

good project management. In fact, for further information, we invite you to analyze the

paragraph team. In addition to the internal team, external consultancy was provided on

specific aspects, such as risk management, compliance, on-site asset/credit evaluation

consultancy by local and international experts with international visibility, giving advice on

the choice of local companies who will have to work on our behalf.

a4) As we reported in the strategic analysis above, the lithium market despite periodic

bending always offers the possibility of investments and long-term income.; Lithium market

remains a safe haven in growth also by considering the future development of charging

using solid-state mechanism, and by considering the new electric vehicles. We have been



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the first to bring physical lithium resources and mining on blockchain, so probably we will

have benefits in terms of image for this merit; anyway, we strongly believe in this

opportunity. We consider this very strategic choice as described at the beginning of this

whitepaper and for the risk analysis that we summarized on this point at the following point

a9, where we analyze the exogenous aspects of our choice. While the second strategic

choice is described in the following point a5 for endogenous factors and at point a10 for

exogenous factors.

a5) As we reported in the strategic analysis lithium market is a wide and interesting context.

At the moment, there are many profitable opportunities. Consequently, what is very

important is the evaluation of assets to acquire and the capability to cash them, i.e. to

extract lithium carbonate. In our team, there are specific competencies about it,

consolidated during the last ten years. Point a10 will complete this brief analysis by

introducing the exogenous factors which guided our choice.

a6) At the moment in the world regulations for cryptocurrencies are not very common or

well defined; consequently, all the Community must put significant attention on possible

developments and contribute to the diffusion of knowledge about the technology named

blockchain. As in the past, for other very innovative technologies, we can say that

technology has no colours nor it is positive or negative. The solution to innovation is only

linked to the ability of humankind to make good use of discoveries. Therefore, a quick

explanation of its potential will allow to know the limits of the same technology and to

understand the best way to use it and use it in the best way to serve human activities, for

the improvement of the quality of life and the creation of progress and value of humanity.

a7) The foreign exchange market was already very prosperous thanks to the transition from

traditional finance to online finance. Forex traded over US$ 5 trillion a day, even before the

advent and spread of blockchains. Therefore, the emergence of new digital tools such as

cryptocoin has met great interest from the exchange. Our decision to define company

processes in detail, to identify precisely the product of the project, to analyze the policies

and risks, to determine best practices and compliance, represent the key aspects so that the

maximum valorization of the SLC can be achieved.

a8) To date, the feeling of public opinion is hugely positive about cryptocoin and blockchain.

In last year the market and the cryptocoin exchanges are growing exponentially and this

happens simultaneously with a growth of knowledge on the subject. Is a clear indicator of

the growth of awareness; therefore, we can predict that the cryptocoin market will tend to

consolidate independently of physiological oscillations. Even large private institutions have

and are investing in cryptocoin and related projects. To confirm this, just think that the



33

banks - that should be the counterparties for excellence - invest in cryptocoin. Indeed, even

they contribute and collaborate to create cryptocoin protocol as is the case of Ripple.

a9) The lithium market into the traditional financial world created an exciting opportunity by

considering the lithium as collateral of SLC. The physical lithium mining based on blockchain

will have the same potential. Also, it will securize other non-canonical assets, especially

those ones coming from the digital world. Consequently, we understand that the risk of

fault could be under control if the quality of work will be high concerning the extraction of a

raw material immediately allocable on the market due to the high request.

a10) At the moment the services generating on the blockchain would cover all needs of the

physical world. Consequently, every day we see the growth of exciting projects. At the

moment the physical lithium mining is not implemented in the context of energy production

and storage and it will be very attractive to be a relevant supporting tool for the finance

around the blockchain.

Considering risk analysis it is also useful to underline that the SLC presents a lower risk

compared to several other cryptocoins. We have a model that produces physical assets, i.e.

a cryptocoin based on collateral that is represented by lithium extraction, which allows

issuing new cryptocurrency. Furthermore, the collateral - as historically known - is not so

much volatile collateral, but it grows continually. Therefore, even if we have an instrument

which by nature is volatile, being a crytocurrency, the existence of non-volatile collateral

should make it more stable. The above also has a positive impact on the low inflation

possible rate of the SLC. Concerning inflation, a further deterrent is the mechanism of sale

of currency owned by the company or the founders or staff or the limited release of new

currency by the company if large SLCs amount is placed on the market by the holders.

Finally, one last deterrent element for inflation and perhaps the most important is related to

the SLC emission limited to 5 Billion tokens.

From what is represented in this paragraph the role of risk management should be clear. It

should make confident those who read about the way we intend to conduct this project of

value creation, without neglecting any element that could reduce its potential and value.

Risk is a fundamental element of the business; therefore, more important than risk is our

ability to predict and mitigate it, thanks to specific actions for the management and control

of internal and external factors, general or fundamental and accessory processes and

activities. In general, if we have good attention to risk management, what has to worry is

not what we have seen, but instead what we are not able to see.

6. Valuechain for value creation: The detailed mining process



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Below we report the value chain linked to the process of valorization of the activities. In

traditional jargon, it is the equivalent of the industrial process, that is, of all hierarchically

organized production activities, while in the new language of blockchain it is the mining

process, realized by the mining pool. It is also relevant to note that while the mining of

many alt-coin is pure computational mining based on the proof of work, here we have

evidence of stack full connected to the real activities performed by the experts working on

the production process. Then the computational component is used as a decentralized

annotation system to register the activity (CMS – Content Management System), linked to a

smart contract running on the blockchain for the emission, for the transacting and for all the

activity in blockchain (BC – Blockchain Component). The link between CMS and BC has

realized thanks to a third component, i.e. the electronic supervisor, named Oracle O, which

has the function of C4I (Command, Control, Communication, Computing and Business

Intelligence).

The various tasks or activities will be divided into two macro-categories:

- One-time activities to startup and periodic follow-up activities,

- Cyclical Activities of Production Process.

6.1 One-time activities to startup and periodic follow-up activities

1. Ideation, Preliminary design and framing of the theme of lithium resources and mine

management

Output1: Preliminary Project report and white paper;

2. Preparation of the project idea to present to the owners of mining rights;

Output2: design idea report for Tenements Owners;

3. Definition of the Format of expression of interest and Acquisition of interest by the

institutions

Output3: outline of the letter of expression of interest for institutions and institutions that

possess ownership of the lithium areas and acquisition of offices;

4. Definition of the Format for contracting the assignment

Output4: scheme of contract for the assignment of the mining rights;

5. Definition of Collaboration Agreement with experts, advisors, collaborators

Output5: collaboration contract scheme;

6. Technological platform design for lithium resource management and requirements

analysis

Output6: Design report of the client-server platform for the management of lithium mine

resources with requirements analysis;



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7. Client solution design for smartphones (for Android to iOS systems) intended for field use

by operators on the ground

Output7: Design report of the client application for the management of lithium mine

resources in the iOS and Android environments;

8. Server solution design

Output8: Design report of the desktop application for managing lithium mine resources;

9. Design Plugin-Plugin driver for interfacing with modeller

Output9: Design report of the server interface with the software for the calculation of

credits and assets;

10. Design of the drone component for the survey of the lithium mine resources

Output10: API interface design report for remote control of a drone;

11. Development of a technological platform to census resources and analysis of the

requirements

Output11: relative software solution;

12. Development of a client solution for smartphones (for Android to iOS systems) intended

for field use by operators on the ground


13. Server solution development


14. Development Plugin-Plugin driver for interfacing with modeller


15. Development of the drone software component for the survey of the lithium mine

resources


16. Testing, Experimentation and Validation of the implemented technological solution

Output16: Test, Experimentation and Validation Report;

17. Design of the Smart Lithium Coin Communication and Promotion Portal

Output17: Portal design report;

18. Platform design for SLC and smart contracts

Output18: Platform Design Report for SLC;

19. Client design for SLC



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Output19: Client Design Report for SLC;

20. Development of the Smart Lithium Coin Communication and Promotion Portal

Output20: Relative software solution;

21. Platform development for SLC and smart contracts


22. Client development for SLC


23. Testing, Experimentation and Validation of the technological solution developed for SLC

Output23: Test, Testing and Validation Report;

24. Portal Design and Content for pre-sale Public Presentation

Output24: Portal Design Report and Public Communication Content;

25. Implementation of the Portal and Contents for the pre-sale public presentation

Output25: Relative software solution.

The 25 previous activities are carried out before the pre-sale collation. They represent the

fundamental assets of starting point for pre-sale phase since the proposer wish to realize a

token covered by work also at the first emission; in fact, the job is in proportion to the token

recognized in the entry for staff, advisors, founder and Proposer Company.

6.2 Cyclical Activities of Production Process

26. Identification of the area to be processed

Output26: meta-report with soil coordinates, properties and characteristics as per lithium

mine inventory acquired;

27. Analysis and classification of the area

Output27: drafting, re-edition or acquisition of Lithium Mine Management Plan (LLMaP) or

equivalent report;

28. Promotion and Presentation of the Smart Lithium Executive Project to the ownership of

the mine rights as identified in the previous points

Output28: acquisition of a letter of expression of interest by the proponents on behalf and

in favour of the company;

29. Affiliation for the use of the area within the project and procedures for using

Output29: contract for the assignment of property management;

30. Modeling of the state of the mine at time t = 0 for the calculation of the baseline



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Output30: baseline report;

31. Drafting of the Project Plan (PP)

Output31: PP Report;

32. Monitoring Plan (MP) for the calculation of lithium assets linked to the SLC

Output32: MP Report;

33. Deep Analysis of the area with the drone;

Output33: Lithium mine Analysis Report;

34. Upload of multimedia data acquired by drone in the DB of the areas considered into by

the project

Output34: Data entry report for data coming from drone;

35. Validation by the expert of the data collected with the drone

Output35: Validation report of the expert of drone data;

36. In-depth analysis of the area with a survey in the field

Output36: Analysis Report with field survey;

37. Supply of the DB of the areas interested by the project

Output37: data entry report of the data acquired in the field;

38. Validation by the expert of the data collected in the field by the operators

Output38: Validation Report of the expert;

39. Re-release of the PP (detailed)

Output39: Detailed PP report;

40. Re-edition of the MP (revalued) for the calculation of lithium assets linked to the

SLC

Output40: MP Report (revalued);

41. Implementation of the PP for generating lithium credits

Output41: report of the actions carried out in the field for generating lithium assets;

42. Monitoring of the results achieved by the implementation of the PP

Output42: report of the reached milestones;

43. Validation and Realignment of the results achieved and calculation of the generated

lithium assets

Output43: report of validation and realignment of results, generated lithium assets;



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44. Certification of conformity of the production process

Output44: Expert report on the quality and conformity between the implemented processes

and the PP;

45. Certification and Recognition of assets recognized by the certifier

Output45: report recognized by the certifier;

46. Placement of assets on the market or equivalent SLCs issuance

Output46: report of sold assets or report of SLCs issuance;

47. Market placement of Lithium Technical Grade, Lithium Carbonate Battery Grade and

Lithium Hydroxide;

Output47: report of the sold;

48. Payment plan

Output48: payment plan report.

Here we find the diagram for controlling the process of management.



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The value recognized for the 26-40 assets is ½ of SLC, as is the value of the 41-48 assets.

Therefore, estimated the value of each single coin issue, at the release of each output the

relative percentages of coins will be released. An activity between 26 and 40 will have a

value of 1/30 of coin for the number of coins to be issued (equal to ½ for 15 for the number

of coins), while an activity between 41 and 48 will have a value of 1/16 of coin for the

number of coins to be issued (equal to ½ for 8 for the number of coins).

While the activities 1-25 cover the first emission for the start-up in a way that is similar to

the equity investment. This is another distinctive point of our strategy. Indeed, while other

token projects have a pre-sale based on a white paper and business idea, Smart Lithium

Coin project had realized all the startup activities (i.e. 1-25) as a sort of cofounding in terms

of work. This, in order to consolidate and to make more attractive the investment on the

project, by reducing the risk.

By way of example, if the number of coins in an issue is 1,000,000, then at the achievement

of each activity between 26 and 40 1,000,000 / 30 = 33,333.3 coins will be issued for a total

of 500,000 coins issued upon reaching the number 40, while the achievement of each

activity between 41 and 48 will be issued 1,000,000 / 16 = 62,500 coin for a total of another

500,000 coins issued for the activities from 41 to 48 and a total of 1,000,000 coins in total

issued.

The first coin emission will be in correspondence and will weight in proportion to the

realized activities 1-25.

6.3 Smart Contract vs Processes

Here we describe in details the matches between the processes, which were described

above, and their implementation into the smart contracts, i.e. the proof of stack.

Smart Lithium Coin, as the first partition, provides that the entire project is a sequence of

individual macro-processes. Each macro-process is divided into three processes, which also

represent the execution status of the same. The three processes are directly related to the

three areas described above in terms of activities for Governance (Process 1), Management

(Process 2) and Execution (Process 3). In relation to this partition, the tokens will be

released in two specific stages, namely during process 2 and at the end of process 3.

Instead, the spend ability will be unlocked at the end of the macro-process, in order to give

the tokens actual value and thus ensure the owners of the tokens, while also achieving a

high quality of the value creation processes. The token release phases correspond to the

achievement of two specific milestones of the production process, corresponding to the

completion of 50% of the activities and 100% of them. The Smart Lithium Coin project will

be launched through a two-stage token pre-sale activity. It will financially cover the activities

of the first year, i.e. up to the generation of the expected value in terms of infrastructure



40

(conceptual, physical, logical and functional) generated for the creation of the estimated

value of the project. The following is a detailed outline of what has been described above.

The main parts of the above diagram are analyzed individually. The first important point is

the legend of representation:



41

The second important point and the reference to the macro-process and the portion of the

image to which we refer are as follows:

Concerning the execution of the macro-process, the important part of analyzing is:

The macro-process is a linear sequence of the three processes that make it up. We start by

launching an instance of process 1, which represents the governance phase. Process 1

launches process 2, which represents the management phase. Finally, process 2 launches

process 3, which represents the execute phase, and then once the required conditions have

been met, everything is concluded.

Continuing, let's analyze how the three processes are structured. They have hierarchical

interactions, since the higher processes launch, wait and certify the operations of the lower

process:



42

In detail, process 1 provides for the execution of initial tasks from 1 to 25. The tokens for

governance, founder and advisor are allocated and process 2 is launched, which starts with

the execution of tasks 26-40. Finally, the operations are performed to release 50% of the

tokens assigned to the project, these tokens will not be spendable. At the end of this

operation, process 3 starts, which executes tasks 41-48. Operations are performed to

release the remaining 50% of tokens, which are assigned to cover construction costs. At the

end of process 3, process 2 checks the operations and certifies whether they have been

performed correctly. Otherwise, the process 2 operators call the executors to account for

any discrepancies. After the end of process 2, process 1 performs a further check of the

project operations and if they are compliant, the certification of the operations and the

validation of the tokens released during the execution of process 1 and process 2 are carried

out.

For the start-up activities of the first year, the part to be analyzed is the following:



43

The project starts with the creation of the 5 billion tokens planned for the project. In the

first year, we plan to allocate 400 million tokens for pre-sale macro-processes. The first 300

million tokens are allocated for donators and financers of this phase. The remaining 100

million tokens are allocated for activities and will be released in tranches as described by the

processes. The tokens of the macro-process will be validated by the governance at the end

of the activities. The pre-sale phase envisages the same operations as the booking phase

with the difference that the figures will be doubled at all points. That is 400 million tokens,

of which 300 million for investors and 100 million for the execution. These are released in

two tranches. Both macro-processes are different from all the others because they provide

discounts and time constraints.

From an implementation point of view, the project finds its technological realization in the

automatisms of a general smart contract that feeds three other derived smart contracts, for

a total of 4 related smart contracts, exploiting the inheritance, possible thanks to Solidity.

The Smart-Contract, as explained in the legend, are the rectangles with rounded edges,

those in red are 3 of the 4 basics and are the Smart-Contract that represent the

management of macro-processes. Independently of the macro-process, they will model the

responsibilities of Governance, Management and Operation. They will be Smart-Contracts

which will be extended and will be populated by professionals and will receive the finance

necessary for the development of the activities, since the last general Smart-Contract.



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The last Smart-Contract will represent the project bank and will be in charge of distributing

the tokens. These tokens will be distributed both to the donors who believe in the project,

participating actively and to the staff involved in the project's operations and activities. As

described above, those who believe in the project will have benefits in terms of utilities as

already highlighted in terms of 75% of the tokens allocated to the project. The remaining

percentage will be retained as described above for other eligible. For each future macro-

process, 4 new Smart-Contracts will be created, replicating exactly what happened in the

first year or in the first production cycle. Everyone will refer to the project wallet. In the

Start-Up phase, the two exceptional pre-sale wallets are allocated, that is, referred to the

booking and pre-sale phases. In these extensions is provided with the function of discount

on the nominal price to encourage the start-up, to ensure stability and certainty of the value

of the tokens in the start-up phase.



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7. SLC: Extraction to Create Value

The creation of value is easily recognizable in the following activities. Indeed, as reported

above the different operational macro-tasks and therefore, the different ways to generate

SLC-type coins are presented here in the following:

MT1. Reporting of mine packages by advisor/sub servicer;

MT2. Package analysis;

MT3. Evaluation by Due Diligence of the value of the packages;

MT3.1 Evaluation of the efficiency of mine in terms of carbonate lithium production;

MT3.2 Evaluation of risks;



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MT3.3 Evaluation of mines activities;

MT4. Purchase mine rights;

MT5. Inclusion of the area in the Smart Lithium Platform (SFP);

MT6. The study, Design, Design and Implementation of methodologies, models, methods

and technologies for valorization of assets represented by lithium mines;

MT7. Management of lithium mines;

MT8. Promotion and implementation of actions and interventions aimed at the production

and valorization of lithium;

MT9. Promotion and implementation of economic and legal initiatives and interventions

aimed at the exploitation of SLP;

MT10. Promotion and implementation of interventions aimed at processing and utilization

of derived from SLP;

MT11. Organization of promotional, cultural, social and marketing initiatives related to SLP;

MT12. Quarterly reports (monthly notes).

8.TES - Token Evaluation System for Best Market Placement and Pricing

8.1 Introduction to TES

To date, a company is listed on the stock exchange after a specific valuation. A stock or bond

before the issue is analyzed to define the most likely price it will have on the market. A

currency is estimated against another in a cross considering a series of macro-economic

reference parameters.

Digital tokens are new and innovative tools which are of great interest and are focusing

considerable attention. Governments themselves are careful to define a regulatory

framework. At present, the first steps are to classify them mainly in: share, utility and

security tokens.

A crucial theme of the near future will be: how to evaluate the most likely price of a token at

the current date and in the future?

Prof. G.Iovane and L.Sensini developed a specific model and a technological solution to

answer this question in real-time. Their solution is called TES, which stands for Token

Evaluation System. Here we present the application of the TES to SLC, but let us introduce

the TES before introducing the customization to SLC.

In the Computer Science scenario, the TES is a Decision Support System (DSS). It is a multi-

level artificial intelligence system at three stages 1. input stage, 2. assessment and analysis

stage, 3. output stage.



47

The input stage of the TES is represented by 1.1 a variable set called Critical Success Factors

(CSF), 1.2. the CSF variation intervals.

The stage of analysis and evaluation is represented by the model of construction and

prediction of the most likely price of the token, and its occurrence, and accuracy.

Finally, the output stage is dedicated to the construction of the Token Expectation Value or

the most likely price of the token represented by a triad (TV, O(TV), R(O)) where TV

represents the value of the token or the most likely market placement price, O(TV)

represents its occurrence, and R(O) the reliability of probability.

When is it useful to use a computational model such as the TES? The TES comes from

previous work by G.Iovane in which it was intended to provide a forecast model for all those

phenomena and events which occur more frequently than their expected probability. In

other words, probability often appears not so good to describe with the desired level of

precision a given type of evolutionary dynamics, such as price dynamics. In these cases,

prior to the G.Iovane model, probability distribution corrections were used by introducing

heavy tails on the distribution and forcing the phenomenon under consideration into an

unnatural probabilistic pattern to describe it. Thus, Iovane's work was born to give an

answer to take decisions in two specific domains, applicable to many application contexts,

namely the domain of the info-uncertainty and the domain of info-incompleteness. Thanks

to this work some phenomena and events which were considered random or stochastic,

were recognized as deterministic or sintropic dynamical systems.

Without being denied, it is easy to understand that in the financial context a rational

operator always makes decisions in uncertain or incomplete terms of information. That is

why the Iovane’s model is to be considered of cognitive interest. For this reason, Iovane and

Sensini thought to use in the TES an extensive model of probability and not a traditional

Gaussian one, in order to reduce the discrepancy between the expected price and market

price of a token, as well as any asset, tool financial, product, utilities, etc.

8.2 Input of TES: The Critical Success Factors and their range of variation

Here we report the strategic variables to evaluate the likely price of the token. Indeed these

variables are the tangible and not tangible assets composing a token

CFS=(A1,…,An) with n=1,…,13

where

- A1= Real physical assets, which are produced at the end of production activities in

terms of realized products or produced payable services (i.e. in our context

carbonate of lithium, stoked in kg);

- A2=Technological Asset, i.e. the platform to promote products, services and the set

of technologies useful to the project (i.e. the Content Management System, the

Oracle, the smart contract and the C4&I System – Command, Control,



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Communication, Computing and Intelligence Unit for the issuance of token according

to the documented work progress);

- A3=Source asset, (i.e. in our context all the activities linked to the advising and

acquisition of rights to produce carbonate of lithium);

- A4= Network Asset to Market (i.e. in our context the network of promotion of SLT,

its existence in different Country, its capillarity into a Country, and the presence in

one or more exchange)

- A5= Token Availability defined as

A5=1- (sold token/total minted token)

- A6=Documented work Activities modelled into the production process (i.e. in our

context the Governance, Management, Operation work to produce token issuance);

- A7= Social Sentiment concerning the token or the activities/services/products which

can get thanks to the possession of the token;

- A8= Expert Market Analysis of the token or of the activities/services/products which

can get thanks to the possession of the token;

- A9= authorship of the token, that is, the authority and credibility of those who

ideated and mint the token;

- A10=Credibility of the emitter;

- A11= Credibility of the Advisor, Influencer, market maker and sponsors connected to

the token project;

- A12=Originality of the token as asset/service/utility and so on;

- A13= Level of innovation of the token.

To build a computational model devoted to the estimation of TV, i.e the Token Expectation

Value, we must know the weight ai for each A1 variables. These weights are functions of

time and they have a varied range to respects as model constraints; moreover, they must be

normalized, i.e.

∑

Theoretically speaking each variables could has a weight 0≤ai≤1, where for example, by

considering 0≤a1≤1 then 0 means a token asset free, while 1 means a security token full

secured, where the token has the same price of the substantial (as example consider a

token linked to the lithium where the price of a token is exactly the price of 1 kg of

carbonate of lithium). This paradigm could be very safe but not so much interesting for all

since it will give only the opportunity of trading well the token, or it could be interesting to

store the wealth, but not for investors or for wealth managers. Similarly, by considering

0≤a7≤1 then 0 means a token free from speculation, since the people give no impact on its

price, while 1 means a full speculative token, since the price is full dominated by the

sentiment.

Consequently, here we report the realistic ranges for ai optimized thanks machine learning

techniques, by considering different categories of token:



49

- 0≤a1≤0,5 (i.e. in our context 0 corresponds to 0 kg of carbonate of lithium, while 0,5

means 0,5 kg of carbonate of lithium under the token);

- 0≤a2≤0,15 (i.e. in our context 0 corresponds to 0 impact on the token of the

technological platform, while 0,15 means an impact/weight of the technologies on

the final price of the token of the 15%);

- 0≤a3≤0,2 (i.e. in our context 0 means to have no contracts, no agreements, no rights

to extract the carbonate of lithium, while 0,2 means to have into hands all rights and

mine resources to cover the token emission);

- 0≤a4≤0,15 (i.e. in our context 0 means to have no presence in different countries to

promote the token and no presence in any exchange, while 0,15 means: i) to have a

full and capillary presence at least in main energetic Countries, i.e. Countries which

have high energy consumption, first of all, USA, China and Russia, where battery

storage is a relevant issue; and ii) to be present in different exchange with the token

SLC); consequently, we may consider a4 = a4_i + a4_ii with 0≤a4_i≤0,075 and

0≤a4_ii≤0,075;

- 0≤a5≤0,1 (i.e. in our context 0 means to have all tokens unsold, while 0,1 means to

have all token sold; consequently, into the model the token availability will have a

maximum weight of 0,1, i.e. 10% of the weight on the token value);

- 0≤a6≤0,05 (i.e. in our context 0 means to have no documented work activities, while

0,05 means to have only documented work activities and emission driven by them;

in this last case the value 0,05 is linked to the 5% of token reserved to the staff, i.e.

to the Governance, the Management and the Operational Officer);

- 0≤a7≤0,05 (i.e. in our context 0 means to have a token not influenced by the web

and net opinion, while 0,05 means to have an influenced token; this last value means

that the influence on the price of the variable A7 could be maximum 5% and this is

reasonable on a token-based on a real production activity such as a lithium token);

- 0≤a8≤0,05 (i.e. in our context 0 means to have a token not influenced by market

experts’ evaluations, while 0,05 means to have a token influenced by expert analysis;

this last value means that the influence on the price of this analysis could be

maximum 5%);

- 0≤a9≤0,05 it does not need comments since the meaning and the impact are very

clear like as in other token projects; we just note that the maximum influence of the

variable A9 on the price is the 5%;












50



variable A13 on the price is the 3%.

8.3 The Modeler of TES

There are different ways to model a perspective of pricing for an asset. At present, no one is

able to build a deterministic market model so realistic to be profitable anywhere and at any

time.

This is due to an incompleteness of the information (for example, it is not possible to know

at any given time what the main players who are on the market at that time will do); and

systemic uncertainty (for example, it is not possible to know how the market will answer to

a news and if they generate domain effects in the buy-sales of a given

product/instrument/asset). Thanks to this info-incompleteness and uncertainty, the stock

market lives. Although tokens are not financial instruments in general, and only some of

them can be considered comparable to financial instruments, their use and exchange is only

in some points similar to that of financial instruments. Therefore, building a pricing

paradigm is indispensable.

Even the token history is too short to build models based on historical series. For these

reasons, the attention given by G.Iovane and L.Sensini is a milestone to start looking at

token pricing models, relying on an analytical approach and facilitating the work of the

Exchanges when the intake of a token in Exchange, mitigating the effect of subjectivity in

the token evaluation and entering into an objective multi-parameters evaluation

perspective. Using this method the Token Value, named TV, is defined as

∑

where, TV = TV (t), i.e. TV is a function of the time t, since the weight = ( ) are functions

of the time.

At the ideation time of SLC project, i.e. t=0 we have the following weights situation for the

( ) :

0 0 0 0 0 0,01 0,05 0,05 0,05 0 0 0,03 0,03

Consequently, we obtain

∑

What is the meaning of this un-normalized situation of the weight?



51

This means that at t=0, i.e. at the time of ideation, the investment on the token is very risky.

Consequently, the Governments has really good reasons to discourage to donate/invest

money in ICO, which take funds just on a white paper, also if the project is written well and

it has an interesting perspective of success.

Let now consider t=1, corresponding to our launch of the project for crowd funding and pre-

sale. At this time, we consider the following realistic situation:

0 0,15 0,2 0,075 0,05 0,05 0,05 0,05 0,05 0,05 0,05 0,03 0,03

Consequently, we obtain

∑

As we can see, the normalization is close to 1; this means that the project is not yet risk free

from fault, but surely the risk is under control. In fact, by comparing the assigned value to

meaning, we can deduce that:

- a1=0: it means there is no carbonate of lithium in stock;

- a2=0,15: it means that the technological platform is ready to start;

- a3=0,2: it means that there is a contract linked to rights of lithium production;

- a4=0,075: it means to be present in different countries to promote the token

including Countries, which have high energy consumption, first of all, USA, China and

Russia, where battery storage is a relevant issue;

- a5=0,05: it means that tokens are minted and they are ready to be sold;

- a6=0,05: it means that the processes are under control and the activities are

documented;

- a7=0,05: it means a good popular sentiment;

- a8=0,05: it means a good expert analysis perspective;

- a9=0,05: it means a good credibility of fatherhood and founders;

- a10=0,05: it means a positive credibility of the emitter;

- a11=0,05: it means a positive and effective evaluation of the advisors and team;

- a12=0,03: it means high level project in terms of originality;

- a13=0,03: it means high level project in terms of innovation.

How can we reward the risk that donors/investors take at this stage? Of course we can

propose the token at a discounted value. But thanks to the previous consideration,

donators/investors can evaluate the risk and compare it with benefit not on sentiment but

on a specific analysis.

To Complete the present section, let us also consider the time t=2, corresponding to the

time of second emission, when it is produced carbonate of lithium to full cover the first



52

emission. This means that at this time corresponding to stock half kg of lithium

(or to valorize half kg on the market) behind each token as collateral, and so by assuming

with i=2,…,13 we obtain:

∑

What is the meaning of this surplus of weight and how normalize it? This means that the

token can be estimated at upside, it is risk-free, and a new emission is useful to normalize

the weights. Moreover, the owner can get benefits.

8.4 Output of TES: Token Expectation Value, Trustworthiness, Reliability

Here we define the most likely value of the SLC token as Token Expectation Value TV, i.e.:

( ) ∑

As you see the TV, i.e. the value of the token, is a function of the time as it must be.

A relevant question is: how can we do a hypothesis and not a gamble on TV at a future

time?

To answer this question we need to define a new output linked to the accuracy of TV, where

the term accuracy is in relation to some specific new concepts. To be more precise events

which we associate with a given probability P (with 0<p1) live between certainty of

occurrence (with probability P=1) and inability to happen (with probability P=0). As we

anticipated in this section and described by G. Iovane et al. in a specific scientific paper

when we operate under conditions of info-uncertainty or info-incompleteness the classical

probabilistic paradigm is not sufficiently adequate to describe reality. In fact, between

certainty and impossibility, there are different levels of hierarchical importance which

characterize an event or a phenomenon such as the price dynamics, which is described not

only by the distribution of probability but also by other distributions called plausibility,

credibility, possibility.

We do not go into the details of the definition of probability, assuming that the reader has

knowledge of it, while it is useful to define quickly what we mean by plausibility, credibility,

and possibility.

By plausible we mean the occurrence of an event in the opinion of one or more experts.

While by credible, we mean the occurrence of an event according to the group of influential

non-experts. Finally, by possible, we mean the occurrence of an event to say of someone

who does not agree with either the expert group or the common feeling. So we understand

how we are moving from a crisp decision logic to a soft decision logic.

To understand the deep differences among concepts commonly considered as synonyms, it

is useful to give an example.



53

What to say if the price of a financial instrument has a very low probability? It is common to

hear that a financial instrument has reached an unlikely price. Yet if we spoke to a group of

experts, they would have said that price is not probable, but plausible and acceptable.

Taking into account the difficulties of pricing, sometimes could happen that a price is not

probable, and not plausible, but the sentiment of common people are right: then we will tell

that the price is credible. In other cases, a price could be not probable by looking the

statistics, not plausible by following the experts, and not credible by listening to the popular

sentiment, but someone believe in that price and at the end, he will have right. So, in this

case, we will speak of a possible price.

Consequently, we understand the limitation of using the classical probability to describe

such a scenario, More precisely, we can define the occurrence of an event E, O(E) as follows

( ) ( ) ( ) ( ) ( )

where P is the probability, Pl the plausibility, Cr the credibility and Po the possibility to

happen, and are decreasing weight so that

∑

In our scenario, we have O(TV), that is the occurrence of the Token Expectation Value; by

using the old language O(TV) is similar to how much the price of the token is probable.

Of course, a good virtue of the TES is the numerical techniques and the artificial intelligence

used on big data to evaluate the best values to the weight .

In the absence of the experience and knowledge of TES, and without the need

computational power of such a model, the authors suggest as a good approximation to use

such a model in order to have a better result than the classical probability, to use the

following weights:

, , ,

This choice means that the estimation of the occurrence of a price is based on the scientific

analysis based on the probability at 50%, on the expert opinion represented by the

plausibility at 25%, on the common sensing based on the sentiment and so based on the

credibility at 15%, and on specific vision of the operator linked to the possibility at 10%. By

looking above, we understand that Pl(TV) is linked to A8 and Cr(TV) is linked to A7.

The last question we can ask ourselves is how reliable R is the estimate of the occurrence

we have made. To answer this question it is sufficiency to analyze the fields of variation of

the parameters ai. As an example the reliability of PL, named RPL is the following

RPL=( a7_max – a7_min )



54

Then by considering 0≤a7≤0,05, we obtain (a7_max – a7_min)=0,05=5%. This means that Pl

has an oscillation value of ±5%. In our example the same situation is about RCr In addition,

we define R(O) as the standard deviation of the different value of P, Pl,Cr,Po.

In conclusion, the output of TES is the triad

(TV, O(TV), R(O))

where TV is the best Token Expectation Value, that is the best likely price, O is the

occurrence of TV or if you prefer how much this price is probable, and R(O) is the accuracy

of the probability O.

Now let us evaluate the previous triad for the Smart Lithium Coin, i.e.

(SLCV, O(SLCV), R(O))

Above we introduced the . Here let us assume that:

i) from a statistical point of view with a Probability P=99%;

ii) the experts (that is by looking at plausibility) consider with a

Plausibility Pl=80%;

iii) the common vision connected to the sentiment (corresponding to credibility)

look at with a Credibility Cr=75%;

iv) an interested operator, i.e., a potential buyer (corresponding to the possibility)

considers with a Possibility Po=85%.

We understand that is the price connected to A1 , while is connected to A8 and

with A7. Then, let us remember the last weight we considered for them, i.e. a1=0,5,

a7= a8=0,05. Let us also consider all the other parameters Ai with i 1,7,8 as collapsed in

pricing expressed by the actor connected to the possibility, that is with a weight ax=

a2+ a3+ a4+ a5+ a6+ a9+ a10+ a11+ a12=0,4, so that we have the normalization to 1, i.e. a1+

a7+ a8+ ax=1. In this way, we avoid to consider the direct effect of each Ai with i 1,7,8 on

the final price, but we consider them all together, that for this document is enough and to

give us the opportunity not to bore those who read.

Then, we obtain as SLC Expectation Value

with an occurrence O(SLCV) given by

( ) ( ) ( ) ( ) ( )

0,5 0,25 0,8 0,15 0,75 0,10 0,85

To finish about the estimation of accuracy on the occurrence R(O) we can consider different

ways.

The meaning of R(O) is to decrease the confidence of ( ) of a value given by R(O) to

consider some effects, as market oscillation, delay of the production, availability of the



55

lithium resource and so on. A suitable model is to use the standard deviation of the set

given by OS=(P(O), Pl(O), Cr(O), Po(O)).

In this case we obtain:

( ) ( ) ( )

Thanks to this result, we can evaluate the statistical value of O(SLC) as

( ) ( ) ( )

What is interesting for us is that thanks to TES, we can have a perspective of the price for

the token, an oscillation range and an occurrence of the value expressed in %., i.e.

(SLCV, O(SLCV), R(O))=(5,77$, 89%, 10,3%)

In addition, thanks to this example, we can understand why a price with a perspective of

99% from a probabilistic point of view (classically speaking) could not be realized on the

market, because its more realistic occurrence is 89%, and vice versa we understand some

not probable price will get also if they are un-probable and implausible. A similar analysis

could be useful also for the stock market and not only for token but here we concentrate on

tokens since we consider them more profitable in future than others.

In conclusion, thanks to this vision SLC is an innovative hybrid token, or if you prefer a

fractional asset, with a time-dependent composition, made by physical lithium, a

technological ICT asset that is the platform, the market capability, the popular sentiment,

the expert analysis and so on, i.e. it is made by the 13 Ai parameters described above.

A1 30%

A2 7%

A3 20%

A4 10%

A5 5%

A6 5%

A7 5%

A8 5%

A9 3%

A10 3%

A11 3%

A12 2%

A13 2%

SLC TOKEN COMPOSITION



56

9. GANTT Diagram

Below is the temporal development of the project for the first 7 years.

9.1 GANTT - One-time activities to startup and periodic follow-up activities

Start Activities: January 2018

Activity

YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 6 YEAR 7

1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

In green, the activities are concluded, in yellow the activities in progress and in blue the

planned activities.



57

9.2 GANTT Diagram – Cyclical Activities of Production Process

Start Activities: January 2019

Activity

YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 6 YEAR 7

1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

43

44

45

46

47

48

In green, the activities are concluded, in yellow the activities in progress and in blue the

planned activities.

Here we report the fundamental steps of roadmap concerning the first cycle of activities.



58

10. The Team

Below we show the picture of the managers who will work for the project as part of the

team, before starting with the international promotion and team enlargement with country

managers definition.

Position Name Institution

General Coordinator and Board Director

Designed by the board with the indication of investors

Scientific Coordinator Prof. Gerardo Iovane Dipartimento di Eccellenza di Informatica, Universita’ di Salerno, Italy

Managing Director

Operational Director

RESEARCH AREA AND SCIENTIFIC ADVISORS

Scientific Advisor and Coordinator for Modeling

Dr.Marta Chinnici ENEA, Agenzia nazionale per le nuove tecnologie, l'energia e lo sviluppo economico sostenibile, Italy

Scientific Advisor and Research Coordinator for ICT

Prof. Michele Nappi Dipartimento di Eccellenza di Informatica, Universita’

Ideation

(3/17)

White Paper Production

(4/17 - 6/17)

Team Creation

(6/17-7/19)

Service Platform

Development

(6/17-7/19)

(11/18-8/19)

Development of Portal for

Promoting and offering SLC

(4/19-7/19)

Agreement with International

Country Manager

(8/19-12/19)

SLC Tokens Pre-Sale

(9/19 - 3/20)

Closing start up activity and

SLC Tokens pre-sale

(3/20 - 3/21)

Execution of contractualization

(3/20-5/20)

(6/19)

Full Production and SLC Tokens issuance

(3/2024)



59

di Salerno, Italy

Scientific Advisor and Research Coordinator Big Data and Database

Prof. Genoveffa Tortora Dipartimento di Eccellenza di Informatica, Universita’ di Salerno, Italy

Engineering Advisor and Research Coordinator for Mine industry and Technical Physics

Prof. Gennaro Cuccurullo Dipartimento di Ingegneria Industriale, Universita’ di Salerno, Italy

ICT TECHNOLOGIES AREA

Technological Platforms Manager

Dr. Germano Ingenito

Server Solution Manager Dr. Riccardo Amatore

Client Solution Manager Dr. Angelo Passaro

Drone Technology Manager Dr. Antonio Rapuano

Expert for SLC Technology Dr. Attilio Della Greca

Expert for SLC Technology Eng. Umberto Mariniello

IN-FIELD TECHNICAL AREA

Manager of Public/ Private Acquisition Procedures

Designed by the board with the indication of Operational Director

Technical Director Designed by the board with the indication of Managing Director

ECONOMIC, FINANCIAL, LEGAL AND COMMUNICATION AREA

Coordinator of the Taxes and Financial Management Area

Dr. Fabrizio Cerrato

Legal Area Manager Adv. Himmanuel Emilio Rinciari

Strategic Relation Manager Prof. Luca Sensini

Coordinator of Quality of Services Area

Designed by the board with the indication of Operational Director

Communication Area Manager Dr. Mariella Stivala

Manager of Contents, Information, Validation and results Dissemination

Dr. Iana Fominska

Key Person

GERARDO IOVANE

Prof.t.IASD Kn. Gerardo Iovane, PhD Professor of Financial Computing, Department of Computer Science, University of Salerno, Italy PhD in Physics PhD in Mathematics



60

PhD in Economy and Engineering of Innovation Head of Research Group in Financial Computing and Blockchain Technologies Associate Professor in Mathematical Analysis (MAT/05) and Financial Computing (INF/01) at the Department of Computer Science University of Salerno Teaching, Scientific Research University of Salerno (Italy) Innovation, Information Engineering, Financial Computing Past Academic Positions Contract Professor in Biometrics and Identification Teaching, Scientific Research University of Messina (Italy) Computer Science Contract Professor in Advanced Biometric information technology methodologies and techniques Teaching, Scientific Research University of Messina (Italy) Computer Science Contract Professor in Decision Theory Teaching, Scientific Research Link Campus University, Rome (Italy) Engineering Contract Professor in Quantitative Methods for Business Teaching, Scientific Research Link Campus University, Rome (Italy) Engineering Information Engineering for Security and Innovation Dean of the Faculty Link Campus University, Rome (Italy) Engineering Other positions National Scientific Expert Scientific Research Italian Ministry for Food, Agricultural and Forrestal Politics National Scientific Expert Scientific Research Italian Ministry of Education, Universities and Research Scientific Coordinator of several projects on Mathematical Models for Image Analysis



61

President of IIASCEPP IIASCEPP (Institute of high studies on personal and professional progress and evolution) Scientific Director of the enterprise consortium CRISS CRISS (Consortium for Research on Intelligence and Security Services) Associated enterprises Future Space spa, MPlant impianti tecnologici, Sagad srl, Teleco spa, Co.gen srl, Maestro ict srl, sudest aid scarl, sisko communications srl, Teasis Engineering srl, S.t.a.m. srl, Link Consulting srl, Fondazione Icsa

- Associated Editor of International Journal of Innovative Computing, Information and Control (IJICIC)

- Associated Editor of New Advance in Physics Editor in Chief of the International Journal “Mathematical Methods, Physical Models and Simulations in Science & Technology”, General Research Publications

- Editor in Chief of “Transaction on Applied Mathematics and Nonlinear Models”, Research Scientific Press

- Associated Editor of International Scientific Journal Optoelectronic Information Power Technologies

- Associated Editor of ICIC Express Letters (An International Journal of Research and Surveys)

- Associated Editor of Journal of Nonlinear Analysis and its Applications (JNAA) - Associated Editor of International Journal of E Infinity and Complexity Theory in High

Energy Physics & Engineering - Associated Editor of The Journal of Nonlinear Science and its Application (TJNSA) - Member of Scientific Committee of CSSI (University Centre of Strategic and

International Studies), University of Firenze - Member of Scientific Committee of ISPRI (Institute for Prevision and International

Research Studies) - Member of Scientific Committee of CERPRE (Centre européen pour les recherché de

prevision), Geneva, Switzerland - Member of Scientific Committee of President of Province of Salerno - Teaching qualification for Upper School in Mathematics and Physics (class

A049)Sector - Teaching qualification for Upper School in Mathematics (class A047) Sector - Teaching qualification for Upper School in Physics (class A038) - Ph.D in Engineering and Economics of Innovation, at the University of Salerno, 2012 - IASD Title, Institute for Advanced Studies in Defence, Italian Ministry of Defence,

Rome, 2006 - Ph.D in Mathematics at the University of Salerno, 2005 - Ph.D in Physics University of Salerno, 2000 - Degree on Physics, final mark: 110/110 cum laude obtained in July, 23, 1996 at the

Faculty of Mathematics, Physics and Natural Sciences, University of Salerno Research Activity • Line 1: Impulsive Dynamical Systems: ODE, PDE and integral differential inequalities • Line 2: Analytic Methods and Numerical Techniques for Materials Science



62

• Line 3: Self-similar stochastic processes, fractals and applications to large scale structures • Line 4: Mathematical methodologies, numerical methods and algorithms for advanced computing, information security, security, Finance and Innovation Personal skills and competences Mother tongue(s) Italian Other languages (s) English, French Social skills and competences 25 years experience Organizational skills and competences 25 years experience Technical skills and competencies 30 years experience Planning, analysis and hardware and software programming gained in the last 20 years by collaborating for the automation of electronic precision instrumentation of Laboratorio di Fisica Nucleare e Subnucleare, CERN (Centro Europeo per la Ricerca Nucleare) Geneva (Switzerland) and of the University of Salerno, Osservatorio Astronomico di Capodimonte Napoli and ESA (Agenzia Europea per l’Astronomia), the Research Centre CRMPA, the Excellence Centre CEMSAC, in particular: a) Operating Systems: DOS, WINDOWS, UNIX, VMS; b) Data Statistical Analysis Softwares: Statistica, Origin. c) Numerical Analysis and Computation: Maple, Mathematica; d) Programming Languages and Frameworks: FORTRAN, C, C++, C#, Labview, Web Programming: Asp: C#, XML, HTML; PHP, Java, Javascript, Solidity, Angular, Nodejs, Ionic Mathematical art General concepts of Civil, Constitutional, Criminal and Administrative Law, Economic, Enterprise and Demographic Statistics.

Documents

White Paper - Smart Lithium Coin...Pricing After the 2007 financial crisis, major suppliers such as Sociedad Química y Minera (SQM) dropped lithium carbonate pricing by 20%. Prices