Bitkub Chain
Whitepaper V3.0

Democratizing the world's internet of valueEN&-8/9&',%-2;,-8)4%4)6:

01
OVERVIEW-R XLI HMKMXEP IVE XLI GSQFMREXMSR SJ FPSGOGLEMR XIGLRSPSK] [MXL GV]TXSKVETL] TVSZMHIWEGGIWWXSIRHPIWWFYWMRIWWSTTSVXYRMXMIWXYVRMRKEWWIXWMRXSXSOIRWVIQSZMRKXLIMRXIVQIHMEV]
MRGVIEWMRKPMUYMHMX]XSRSRPMUYMHEWWIXWMQQYXEFPIVIGSVHOIITMRKERHXLIEFMPMX]XSFIXVERWTEVIRXP]EYHMXIHEVIEPPJIEXYVIWXLEXFPSGOGLEMRXIGLRSPSK]ERHHIGIRXVEPM^IHƼRERGILEZIMRXVSHYGIHXS
XLIMRHYWXV],S[IZIVIRXVITVIRIYVWERHWQEPPERHQIHMYQWM^IHFYWMRIWWIW 71&W EW[IPPEWWXEVXYTWLEZIGLEPPIRKIWXSEGGIWWMRKXLIWIXIGLRSPSKMIWTVIZIRXMRKXLIQJVSQYXMPM^MRKFPSGOGLEMR&MXOYF&PSGOGLEMR8IGLRSPSK]'S0XH &&8 EFPSGOGLEMRJYPPWSPYXMSRWIVZMGITVSZMHIV
LEWHIZIPSTIH&MXOYF'LEMRXSPS[IVFYWMRIWWFEVVMIVW&MXOYF'LEMR[MPPFI8LEMPERH WƼVWX&PSGOGLEMRRIX[SVOEMQMRKXSFIEGGIWWMFPIXSEPPIRXVITVIRIYVW-XQYWXFIWIGYVIERHGETEFPISJLERHPMRKERMRGVIEWMRKZSPYQISJXVERWEGXMSRW[LMPIIREFPMRKHIZIPSTIVWXSGVIEXIHIGIRXVEPM^IHETTPMGEXMSRW
8LIWI ETTPMGEXMSRW EVI IRGSYVEKIH XS STIVEXI [MXL QMRMQEP XVERWEGXMSR JIIW SR XLI FPSGOGLEMR
&&8 EW E TMSRIIV MR EHZERGMRK FPSGOGLEMR XIGLRSPSK] MR 8LEMPERH ERH &MXOYF EƾPMEXIW [MWL XS
YXMPM^I&MXOYF'LEMRXSTVSTIPXLI8LEMMRHYWXV]JSV[EVH
8LMW[LMXITETIV[EWGVIEXIHXSTVSZMHIMRJSVQEXMSRSRXLIWXVYGXYVIERHSTIVEXMSRSJXLI&MXOYF'LEMRRIX[SVOEW[IPPEWXSHIWGVMFIXLI&MXOYFIGSW]WXIQ WTVIWIRXWXEXIERHJYXYVISTIVEXMSREP TPERW XLEX XLI /9& GSMR MW XLI RIX[SVO W REXMZI XSOIR EPPS[MRK JSV XLI WIEQPIWWI\GLERKISJZEPYIFIX[IIRYWIVW[MXLSYXXLIRIIHJSVERMRXIVQIHMEV]8LMWHSGYQIRXMWMRXIRHIH
XSIHYGEXIXLSWIMRXIVIWXIHMRFPSGOGLEMRXIGLRSPSK]F]TVIWIRXMRKJEGXWHIZIPSTQIRXWERH
VSEHQETWSRLS[&&8 WWOMPPIHXIEQSJIRKMRIIVWGVIEXIH&MXOYF'LEMREWEWIGYVIERHEGGIWWMFPIMRJVEWXVYGXYVIJSVIRXVITVIRIYVWVERKMRKJVSQWQEPPXSPEVKIFYWMRIWWIW&MXOYF'SMR /9& MWEYXMPMX]XSOIRRSXEWXSGOSVSXLIVOMRHSJMRZIWXQIRX8LITSWWIWWMSRSJ/9&GSMRWGVIEXIWRSS[RIVWLMTSVSXLIVMRXIVIWXMR&&8SVER]EƾPMEXIMR&MXOYF+VSYT8LMW[LMXITETIVMWRSXETVSWTIGXYWSVMRZIWXQIRXTVIWIRXEXMSRERHMXHSIWRSXVITVIWIRXERSJJIVXSWIPPSVWSPMGMXMRZIWXQIRXMRWIGYVMXMIWMRER]NYVMWHMGXMSR

&-8/9&',%-2;,-8)4%4)6:

02

Bitkub Chain V3.0 Overview


8LIPEXIWX&MXOYF'LEMR[LMXITETIV&-8/9&',%-2;,-8)4%4)6:[MPPHIJMRIXLIJYXYVISJXLI&MXOYF'LEMR8LMW[LMXITETIV[MPPVIQEMRXLILIEVXSJXLI&MXOYF'LEMRRIX[SVOEMQMRKXSFIEVIEH]XSYWIMRJVEWXVYGXYVIJSVPSGEPYWIVWERH[MPPSYXPMRIXLIIWWIRXMEPQSHMJMGEXMSRWXSXLI&MXOYF'LEMRRIX[SVOMR

8LI&MXOYF'LEMRRIX[SVOGYVVIRXP]LEWSZIVXVERWEGXMSRWERHVIKMWXIVIH[EPPIXEHHVIWWIWHMZMHIHMRXSETTVS\MQEXIP][EPPIXEHHVIWWIWJVSQ&MXOYF2)<8EHMKMXEP[EPPIXHIZIPSTIHF]&&8EJXIVSRP]]IEVERHQSRXLWSJPEYRGLERH1IXE1EWO[EPPIXF]ETTVS\MQEXIP]EHHVIWWIW&MXOYF'LEMRQYWXIRLERGIERHWXVIRKXLIRMXWW]WXIQMRSVHIVXSVIEGLQSVIXEVKIXKVSYTWMRSVHIVXSJYPJMPPXLITVMQEV]SFNIGXMZISJFVMRKMRKFPSGOGLEMRXIGLRSPSK]XSQEWWEHSTXMSR8LI
SZIV[LIPQMRKWYGGIWWSJ&MXOYF'LEMR WMRMXMEPWXEKIWMRGPYHMRK*%278SOIR&MXOYF2)<8ERH&MXOYF
2*8HIQSRWXVEXIWXLEXPS[XVERWEGXMSRGSWXMWSRISJXLIJEGXSVWGSRXVMFYXMRKXSQEWWEHSTXMSR%W
EGSRWIUYIRGIXLIHIZIPSTIVXIEQVIHYGIHXLIGSWXTIVXVERWEGXMSRSRXLI&MXOYF'LEMRRIX[SVO
JVSQ+[IMXS+[IMVIUYMVMRKXLIHIZIPSTIVWXSVIHYGIXLIRYQFIVSJ/9&GSMRWXS
GSMRWERHQSHMJ]XLIGSMRHMWXVMFYXMSRWGLIQIJSVXLI&MXOYF'LEMRRIX[SVO WETTVSTVMEXIRIWWERH
WYWXEMREFMPMX]

8S MRGVIEWI XLI YXMPMX] SJ /9& GSMR XLI HIZIPSTQIRX XIEQ LEW EHHIH JIEXYVIW XLEX [MPP FI
HMWGYWWIHMRXLMW[LMXITETIV,S[IZIVXLI/9&GSMRMRGPYHIWEZEVMIX]SJJIEXYVIWXLEXIREFPIMXXSFIYWIHXSTE]XVERWEGXMSRJIIWSRXLI&MXOYF'LEMRRIX[SVOEW[IPPEWXSFIVIHIIQIHJSVJIIGVIHMXWSR XLI &MXOYF )\GLERKI %WMHI JVSQ XLI MRMXMEP EHZERXEKIW XLI GSMRW QE] FI VIHIIQIH JSV KSSHWWIVZMGIWSVTVMZMPIKIWZME&&8TEVXRIVWSVGIVXMJMIHQIVGLERXW%PPSJXLIWIJIEXYVIW[IVIEGGSQTPMWLIH
MREGGSVHERGI[MXLXLIETTVSEGLIWMRHMGEXIHMR&MXOYF'LEMR;LMXITETIV:
8LIXIEQLEWMRGPYHIHE6SEHQETJSVMRXLMW;LMXITETIV:[LMGLJSGYWIWSRIWXEFPMWLMRKEFPSGOGLEMRXIGLRSPSK]IGSW]WXIQERHMRJVEWXVYGXYVIXLEXMWTS[IVJYPWYWXEMREFPIERHGETEFPISJLERHPMRKQSVIXVEJJMG8LIHIZIPSTQIRXXIEQWMRGIVIP]LSTIWXLEXXLIQSHMJMGEXMSRWQEHIMR&MXOYF'LEMR:[MPPWIVZIEWEGEXEP]WXJSVXLITLIRSQIRESJQEWWEHSTXMSRMRXLIWSGMIX]-XMRWTMVIWYWIVWXSHIZIPSTMRRSZEXMZIGSRGITXWMRSVHIVXSHMWWIQMREXISTTSVXYRMXMIWMRXLIIVESJMRXIVRIXSJZEPYIXLEXFIRIJMXEPPTISTPIIUYEPP]ERHIUYMXEFP]

&MXOYF'SMR /9& MWEYXMPMX]XSOIRRSXEWXSGOSVSXLIVOMRHSJMRZIWXQIRX8LITSWWIWWMSRSJ/9&GSMRWGVIEXIWRSS[RIVWLMTSVSXLIVMRXIVIWXMR&&8SVER]EƾPMEXIMR&MXOYF+VSYT8LMW[LMXITETIVMWRSXETVSWTIGXYWSVMRZIWXQIRXTVIWIRXEXMSRERHMXHSIWRSXVITVIWIRXERSJJIVXSWIPPSVWSPMGMXMRZIWXQIRXMRWIGYVMXMIWMRER]NYVMWHMGXMSR

3&-8/9&',%-2;,-8)4%4)6:03

Table of Contents
4EKI
1. Overview Details
2. Bitkub Chain V3.0 Overview
3. Table of Contents
4. Introducing Bitkub Ecosystem%FSYX&MXOYF%JJMPMEXIW&MXOYF3RPMRI'S0XH
&MXOYF:IRXYVIW'S0XH

&MXOYF&PSGOGLEMR8IGLRSPSK]'S0XH
&MXOYF0EFW'S0XH&MXOYF1'S0XH/YFXIGL.SMRX7XSGO'SQTER]&MXOYF;SVPHXIGL'S0XH
/YFTPE])RXIVXEMRQIRX'S0XH

1SVIHIXEMPWEFSYX&MXOYF3RPMRI'S0XH
,MKLPMKLXWSJ&MXOYF
;SVOMRK8IEQ

;SVOMRK8IEQ
'SRWYPXERX8IEQ
5. Bitkub Chain-WWYIWXSFIWSPZIH
:MWMSR1MWWMSR
(IPMZIVIH:EPYIXS4EVXMGMTERXW8IGLRMGEP(IWGVMTXMSRW&MXOYF'LEMR)GSW]WXIQERH%TTPMGEXMSR'EWIW
6. Bitkub Coin'SMR9XMPMX]
'SMRVIPEXIH)GSRSQMG7]WXIQ8SOIRSQMG3ZIVZMI[
8SOIR(MWXVMFYXMSR3TIVEXMSREP4PERW
7. Disclaimer

1
2
3
4
4
4
4
4
5
5
5
5
5
5
5
6
6
6
7
7
7
7
7
8
13
14
14
14
15
16
19
20

&MXOYF'SMR /9& MWEYXMPMX]XSOIRRSXEWXSGOSVSXLIVOMRHSJMRZIWXQIRX8LITSWWIWWMSRSJ/9&GSMRWGVIEXIWRSS[RIVWLMTSVSXLIVMRXIVIWXMR&&8SVER]EƾPMEXIMR&MXOYF+VSYT8LMW[LMXITETIVMWRSXETVSWTIGXYWSVMRZIWXQIRXTVIWIRXEXMSRERHMXHSIWRSXVITVIWIRXERSJJIVXSWIPPSVWSPMGMXMRZIWXQIRXMRWIGYVMXMIWMRER]NYVMWHMGXMSR

&-8/9&',%-2;,-8)4%4)6:

04

Introduction to Bitkub Ecosystem
4.1 About Bitkub Group&MXOYFEƾPMEXIWLEZIEGGIPIVEXIHXLIEHSTXMSRSJFPSGOGLEMRXIGLRSPSK]MR8LEMWSGMIX]F]HIZIPSTMRKXLIMRJVEWXVYGXYVIVIUYMVIHJSVEHIGIRXVEPM^IHƼRERGMEPW]WXIQ&MXOYFEƾPMEXIW QMWWMSRMWXSGVIEXIEFPSGOGLEMRIGSW]WXIQTPEXJSVQXLEXWIVZIWEWESRIWXSTWIVZMGIJSVIZIV]SRIJVSQMRHMZMHYEPMRZIWXSVWXSQENSVGSVTSVEXMSRWMRSVHIVXSMQTVSZITISTPI WORS[PIHKIERHE[EVIRIWWSJXIGLRSPSK] MR ZEVMSYW MRHYWXVMIW WS XLEX XLI] GER ETTP] ERH EHETX FPSGOGLEMR XIGLRSPSK] XS XLIMVFYWMRIWWWIGXSVW&MXOYF 'ETMXEP +VSYT ,SPHMRKW 'SQTER] 0MQMXIH &'+,  [EW JSYRHIH MR  [MXL XLIGSVTSVEXIQMWWMSRSJTVSZMHMRK8LEMTISTPI[MXLWIVZMGIWVIPEXIHXSGV]TXSGYVVIRG]XIGLRSPSK]ERHFPSGOGLEMRWYGLEWI\GLERKITPEXJSVQWIVZMGIWFPSGOGLEMRGSRWYPXMRKERHHIZIPSTQIRXWIVZMGIWGV]TXSGYVVIRG] ERH FPSGOGLEMR IHYGEXMSR GIRXIVW ERH MRZIWXQIRX WIVZMGIW EQSRK SXLIV XLMRKW&'+, GSRHYGXW FYWMRIWW ERH SJJIVW HMJJIVIRX WIVZMGIW XLVSYKL ZEVMSYW GSQTERMIW MR XLI &MXOYF
KVSYTSJGSQTERMIW&'+,GYVVIRXP]LEWEXSXEPVIKMWXIVIHGETMXEPSJVSYKLP]QMPPMSRFELXERHMW
LIEHUYEVXIVIHMR&ERKOSO8LEMPERH
3XLIVXLER&'+,&MXOYF+VSYTLEWGSQTERMIWEWFIPS[Bitkub Online Co., Ltd. (BO)
8LEMPERH WPIEHMRKHMKMXEPEWWIXI\GLERKIWIVZMGITVSZMHIVSJJIVWXVEHMRKERHHMKMXEPEWWIXWXSVEKI WIVZMGIW XS FSXL MRHMZMHYEP ERH GSVTSVEXI GYWXSQIVW EPP [LMPI QEMRXEMRMRK [SVPHGPEWWWIGYVMX]W]WXIQW
Bitkub Ventures Co., Ltd.

8LEMPERH WƼVWXFYWMRIWWHIZIPSTQIRXJYRHMRKTVSZMHIVJSGYWMRKSRMRZIWXMRKMRFPSGOGLEMRWXEVXYTW SV TSWXWIVMIW % FYWMRIWWIW [MXL E TYVTSWI XS MRƽYIRGI XLI JYXYVI SJ FPSGOGLEMR F]
EWWMWXMRKRI[IRXVITVIRIYVW[MXLI\TIVXMWIWMRGV]TXSGYVVIRGMIWMRZIWXQIRXFEROMRKERH
FYWMRIWWGSRWYPXERG]
Bitkub Blockchain Tecnology Co., Ltd. (BBT)&PSGOGLEMRJYPPWIVZMGITVSZMHIVERHXSOIRXIGLRSPSK]HIWMKRGSRWYPXERXJSV-'3 -RMXMEP'SMR
3JJIVMRK XSFYWMRIWWIWSVIRXVITVIRIYVWPSSOMRKXSIRLERGIXLIMVFYWMRIWWIWYWMRKFPSGOGLEMRXIGLRSPSK]ERHTVSZMHMRK&MXOYF2)<8[EPPIXWIVZMGI&MXOYF'SMR /9& MWEYXMPMX]XSOIRRSXEWXSGOSVSXLIVOMRHSJMRZIWXQIRX8LITSWWIWWMSRSJ/9&GSMRWGVIEXIWRSS[RIVWLMTSVSXLIVMRXIVIWXMR&&8SVER]EƾPMEXIMR&MXOYF+VSYT8LMW[LMXITETIVMWRSXETVSWTIGXYWSVMRZIWXQIRXTVIWIRXEXMSRERHMXHSIWRSXVITVIWIRXERSJJIVXSWIPPSVWSPMGMXMRZIWXQIRXMRWIGYVMXMIWMRER]NYVMWHMGXMSR

&-8/9&',%-2;,-8)4%4)6:

Bitkub Labs Co., Ltd.
%RIHYGEXMSRTVSZMHIVSJFPSGOGLEMRXIGLRSPSK]HMKMXEPEWWIXWERHVIPIZERXXIGLRSPSKMIWMRSVHIVXSTVITEVIJSVXLIJYXYVIIGSRSQ]MR[LMGLFPSGOGLEMRXIGLRSPSK][MPPTPE]EWMKRMƼGERXTEVXMR8LEMWSGMEPGSRXI\X
Bitkub M Co., Ltd.

8LEMPERH WƼVWXHMKMXEPGSQQYRMX]WIVZIWEWELYFJSVWLEVMRKMRJSVQEXMSRERHLSWXMRKWIQMREVWSRXLIHMKMXEPIGSRSQ]TVSZMHMRKWYTTSVXWJSVWXEVXYTWERHRI[KIRIVEXMSRIRXVITVIRIYVWERHFIMRKEWEQIIXMRKTSMRXJSVMRZIWXSVWMRXIVIWXIHMRHMKMXEPEWWIXW
Kubtech Joint Stock Company
%NSMRXZIRXYVIGSQTER]XLEXSTIVEXIWEWETVSZMHIVSJWSJX[EVIHIZIPSTQIRXERHMRJSVQEXMSRW]WXIQWVIPEXIHXSGV]TXSGYVVIRG]ERHFPSGOGLEMRFYWMRIWWIWMRSVHIVXSWYTTSVXXLIKVS[XLSJWYGLFYWMRIWWIWERHWXVIRKXLIRXLIFYWMRIWWMRSVHIVXSLEZIETSWMXMZIMQTEGXSRXLIFYWMRIWWSTIVEXSV W
IRHYWIVWVIGIMZMRKXLIWIVZMGI
Bitkub Worldtech Co., Ltd.
%NSMRXZIRXYVIGSQTER]XLEXSVKERM^IWPIEVRMRKGSYVWIWERHXVEMRMRKMRHMKMXEPXIGLRSPSK]XSGVIEXI[SVOJSVGIW[MXLHMKMXEPTSXIRXMEPJSVXLIHSQIWXMGPEFSVQEVOIXMRSVHIVXSGVIEXISTTSVXYRMXMIW
ERHGEVIIVWJSVTEVXMGMTERXW[LMPIEPWSMQTVSZMRKXLIUYEPMX]SJ[SVOJSVIRXVITVIRIYVWIRKEKMRK[SVOIVW[LSLEZIYRHIVKSRIWYGLXVEMRMRK
Kubplay Entertainment Co., Ltd.
% NSMRX ZIRXYVI GSQTER] XLEX STIVEXIW XLI FYWMRIWW SJ HIZIPSTMRK E GSQTPIXI FPSGOGLEMRIGSW]WXIQJSVWYTTSVXMRKZEVMSYWKEQIWMRXLIJSVQSJXLIGSRZIRXMSREPKEQIMRSVHIVXSGLERKIXLIFYWMRIWWQSHIPXSL]FVMH+EQI*MMRGPYHMRKXLITYVGLEWISJSRPMRIPMGIRWIWJVSQHIZIPSTIVWXSTVSZMHIWIVZMGIWYRHIVXLIIGSW]WXIQ
4.2 More details about Bitkub Online Co., Ltd. (BO)
&MXOYF3RPMRI'S0XH &3 MWEREƾPMEXIMRXLI&MXOYFKVSYTGSQTERMIW[LMGL[EWMRGSVTSVEXIH
MRERHLEWEVIKMWXIVIHGETMXEPSJQMPPMSRFELX&3STIVEXIWEWEHMKMXEPEWWIXI\GLERKIWIVZMGITVSZMHIVPMGIRWIHF]XLI3ƾGISJXLI7IGYVMXMIWERH)\GLERKI'SQQMWWMSRSJ8LEMPERH[MXLXLIKSEPSJFIMRKEFVMHKIJSVIZIV]SRIXSGSRƼHIRXP]WXITMRXSXLIHMKMXEP[SVPHF]HIWMKRMRKTVSHYGXWXLEXEVIJVMIRHP]XSRI[YWIVW[MXLE[SVPHGPEWWWXERHEVHWIGYVMX]W]WXIQXLEXLEWFIIRGSRXMRYSYWP]
EYHMXIHJSVXVERWTEVIRG]F]PIEHMRKJSVIMKRSVKERM^EXMSRW-XEPWSTVSZMHIWQYPXMEWWIXXVEHMRKWIVZMGIWMRSRITPEGIEW[IPPEWƼRERGMEPJEGMPMXMIWJSVFSXLMRZIWXSVWERHIRXVITVIRIYVW















Highlights of Bitkub Online Co., Ltd. (BO)
1SVIXLERQMPPMSRGYWXSQIVWLEZIVIKMWXIVIH,MKLIWXXVEHMRKZSPYQISJFMPPMSRFELXTIVHE]%WSJ%TVMP3MXVEROIHXLMRXLI[SVPH WQSWXTSTYPEVHMKMXEPEWWIXXVEHMRKGIRXIV
1SVIXLERHMKMXEPEWWIXWXSXVEHI
8LIKVIEXIWXXVEHMRKPMUYMHMX]MR8LEMPERH
8LIVIEVIWYTTSVXMRKXIEQWEZEMPEFPI

&MXOYF'SMR /9& MWEYXMPMX]XSOIRRSXEWXSGOSVSXLIVOMRHSJMRZIWXQIRX8LITSWWIWWMSRSJ/9&GSMRWGVIEXIWRSS[RIVWLMTSVSXLIVMRXIVIWXMR&&8SVER]EƾPMEXIMR&MXOYF+VSYT8LMW[LMXITETIVMWRSXETVSWTIGXYWSVMRZIWXQIRXTVIWIRXEXMSRERHMXHSIWRSXVITVIWIRXERSJJIVXSWIPPSVWSPMGMXMRZIWXQIRXMRWIGYVMXMIWMRER]NYVMWHMGXMSR

&-8/9&',%-2;,-8)4%4)6:
4.3 Working Team
Passakorn Pannok%'LMIJ)\IGYXMZI3ƾGIVERH%GXMRK'LMIJ8IGLRSPSK]3ƾGIVSJ&&8[LSLEWQSVIXLER
]IEVWSJI\TIVMIRGIMRXLIWSJX[EVIMRHYWXV][MXLGSQTIXIRGIMRWSJX[EVIIRKMRIIVMRKXSHIZIPSTWQEVXGSRXVEGXSRFPSGOGLEMRRIX[SVOWIWTIGMEPP])XLIVIYQERH,]TIV0IHKIV1V4EWWEOSVRMW
EPWS[SVOWEWEWSJX[EVIIRKMRIIVMRKTVSJIWWSVEX&YVETLE9RMZIVWMX]
Niorn Kiatdamrong%'LMIJ3TIVEXMRK3ƾGIVSJ&&8[LSLEWSZIV]IEVWSJI\TIVMIRGIEWE&YWMRIWW'SRWYPXERXERH'SVTSVEXI(MVIGXSV7LIKVEHYEXIH[MXLE&EGLIPSV WMR&YWMRIWW0E[JVSQ'LYPEPSRKOSVR9RMZIVWMX]
ERHE1EWXIV W(IKVIIMR-RXIVREXMSREP&YWMRIWWJVSQ+VMJJXL9RMZIVWMX]MR%YWXVEPME
Siraphop Jantaraopas
% 7IRMSV 1EVOIXMRK 1EREKIV SJ &&8 [LS LEW SZIV  ]IEVW SJ QEVOIXMRK ERH XIGLRSPSK]
I\TIVXMWILEZMRK[SVOIH[MXLKSZIVRQIRXEKIRGMIWERHREXMSREPGSVTSVEXMSRWWYGLEWXLI1MRMWXV]
SJ*SVIMKR%JJEMVWERHXLI8SYVMWQ%YXLSVMX]SJ8LEMPERHIXG
Consultant Team
Jirayut Srupsrisopa,IMWMRXLIGETEGMX]EWE'SJSYRHIVERH+VSYT')3SJ&MXOYF'ETMXEP+VSYT,SPHMRKW'S0XHETMSRIIVMRFPSGOGLEMRERHGV]TXSGYVVIRG]XIGLRSPSKMIWMR8LEMPERH,IMWXLIGVIEXSVSJGSMRWGSXL
8LEMPERH W JMVWX &MXGSMR XVEHMRK [IFWMXI ERH MW VIRS[RIH EW E &MXGSMR ERH FPSGOGLEMR XIGLRSPSK]
WTIGMEPMWX,ILEWE1EWXIVSJ4LMPSWSTL]HIKVIIJVSQXLI9RMZIVWMX]SJ3\JSVHMRXLI9RMXIH/MRKHSQ
Samret Wajanasathian%8IGLRSPSK]%HZMWSVSJ&MXOYF&PSGOGLEMR8IGLRSPSK]'S0XH[LSMWGSRWMHIVIH''
ERH%KMPI1IXLSHSPSKMIWI\TIVXHIZIPSTIVGYVVIRXP]EGXMRKEWE8IGLRSPSK]%HZMWSVJSVXLI7LYXXPI3RI
2IX[SVOJSV&PSGOGLEMR4VSNIGX(IZIPSTQIRX&MXOYF'SMR /9& MWEYXMPMX]XSOIRRSXEWXSGOSVSXLIVOMRHSJMRZIWXQIRX8LITSWWIWWMSRSJ/9&GSMRWGVIEXIWRSS[RIVWLMTSVSXLIVMRXIVIWXMR&&8SVER]EƾPMEXIMR&MXOYF+VSYT8LMW[LMXITETIVMWRSXETVSWTIGXYWSVMRZIWXQIRXTVIWIRXEXMSRERHMXHSIWRSXVITVIWIRXERSJJIVXSWIPPSVWSPMGMXMRZIWXQIRXMRWIGYVMXMIWMRER]NYVMWHMGXMSR

&-8/9&',%-2;,-8)4%4)6:

05

Bitkub Chain

5.1 Issues to be solved
&MXOYF'LEMR[EWHIZIPSTIHXSEHHVIWWXLIMWWYIWTVIWIRXP]EJJPMGXMRKREXMSREPERHVIKMSREP&PSGOGLEMRIGSW]WXIQW8LIJMVWXMWWYIMWXLEX8LEMPERHWXMPPPEGOWMRHYWXVMEPMRJVEWXVYGXYVIJSVGMRK
8LEM IRXVITVIRIYVW XS VIP] SR WXVYGXYVIW HIZIPSTIH F] JSVIMKRIVW [MXL VIPEXMZIP] LMKL +EW *IIWTVIZIRXMRKIRXVITVIRIYVWJVSQIJJIGXMZIP]EGGIWWMRKXLIWIWXVYGXYVIW%RSXLIVMWWYIXLEXTVIZIRXW&PSGOGLEMRJVSQFIMRKI\XIRWMZIP]YXMPM^IHMWXIGLRSPSKMGEPGSRWXVEMRXW[LMGLVIUYMVISVKERM^EXMSRWXLEXQE]YXMPM^IFPSGOGLEMRXSLEZIEWYJJMGMIRXXIGLRSPSKMGEPGETEFMPMXMIWERHYRHIVWXERHMRK&MXOYF'LEMRMWE&PSGOGLEMRRIX[SVOHIZIPSTIHF]&&8[MXLXLIKSEPSJTVSZMHMRKMRJVEWXVYGXYVIXSXLIMRHYWXV]EW[IPPEWTVSZMHMRKTEVXRIVIHGSQTERMIW[MXLEZEPMHEXSVRSHIXSZIVMJ]XVERWEGXMSRWERHGVIEXIRI[&PSGOGLEMRWSRXLI&PSGOGLEMRRIX[SVO8LI&MXOYF'LEMRRIX[SVO WQMWWMSRVIQEMRWXSIRGSYVEKI&PSGOGLEMRYWIVWF]GLEVKMRKEJJSVHEFPI+EW*II[LMPIQEMRXEMRMRKEVETMHWIGYVIERH
hMKLTIVJSVQERGIXVERWEGXMSRXSWYTTSVXRI[TVSNIGXHIZIPSTIVWERHYWIVWSRXLI&MXOYF'LEMRRIX[SVO
5.2 Vision
8LIZMWMSRSJ&MXOYF'LEMRMWXSQEOIIGSRSQMGERHJMRERGMEPTSWWMFMPMXMIWEZEMPEFPIXSIZIV]SRI[LMPI QEMRXEMRMRK XVERWTEVIRG] ERH WIGYVMX]8SOIRM^IH EWWIXW [MPP EPPS[ ZEPYIW XS FI XVERWJIVVIH
WIEQPIWWP] WEJIP] ERH IJJIGXMZIP] [MXLSYX XLI RIIH SJ MRXIVQIHMEVMIW SV XLMVH TEVXMIW 8LI &MXOYF'LEMR RIX[SVO TVSZMHIW UYMGO TVSGIWWMRK GETEFMPMXMIW EPPS[MRK JSV EHHMXMSREP VIEP[SVPH FYWMRIWWETTPMGEXMSRW
5.3 Mission
&MXOYF'LEMR WQMWWMSRMWXSTVSZMHIFPSGOGLEMRXIGLRSPSK]XSEFVSEHIVZEVMIX]SJIRXIVTVMWIW
ZMEMRJSVQEXMSRHMWWIQMREXMSR[LMPIQEMRXEMRMRKEJEMVPIZIPSJ+EW*IITVSQSXMRKMRRSZEXMSRERH
FYMPHMRKELSPMWXMGIGSW]WXIQSR&MXOYF'LEMR
5.4 Delivered Value to Participants&MXOYF'LEMRMWERSTIRWSYVGIFPSGOGLEMRXLEX[EWGVIEXIHXSWYTTSVXXLI[MHIWTVIEHYWISJFPSGOGLEMRJSVWQEPPFYWMRIWWHIZIPSTIVWWXEVXYTW4SWX7IVMIW%ERHKIRIVEPYWIVWXSGVIEXIHMWXVMFYXIERHQEREKIZEVMSYWETTPMGEXMSRWSRXLIFPSGOGLEMRW]WXIQMRGPYHMRK(IGIRXVEPM^IH
%TTPMGEXMSRW H%TTW 9XMPMX]XSOIRWERH2SR*YRKMFPI8SOIRW&MXOYF'SMR /9& MWEYXMPMX]XSOIRRSXEWXSGOSVSXLIVOMRHSJMRZIWXQIRX8LITSWWIWWMSRSJ/9&GSMRWGVIEXIWRSS[RIVWLMTSVSXLIVMRXIVIWXMR&&8SVER]EƾPMEXIMR&MXOYF+VSYT8LMW[LMXITETIVMWRSXETVSWTIGXYWSVMRZIWXQIRXTVIWIRXEXMSRERHMXHSIWRSXVITVIWIRXERSJJIVXSWIPPSVWSPMGMXMRZIWXQIRXMRWIGYVMXMIWMRER]NYVMWHMGXMSR&-8/9&',%-2;,-8)4%4)6:

8LMWRIX[SVOQE]WYTTSVXXLIHIZIPSTQIRXSJFPSGOGLEMRFEWIHETTPMGEXMSRWSVWSJX[EVIERH
IREFPMRKFSXLMRHMZMHYEPERHGSVTSVEXIYWIVWXSJYPP]YWIFPSGOGLEMRXIGLRSPSK]ERHMRXVSHYGIRI[XLMRKWXSXLIFPSGOGLEMRXSETTP]XSGSVTSVEXMSRWMRSVHIVXSI\TERHXLI&MXOYF'LEMR)GSW]WXIQ&MXOYF 'LEMR WYTTSVXW E ZEVMIX] SJ (IGIRXVEPM^IH *MRERGMEP TVSHYGXW MRGPYHMRK FSVVS[MRK(IGIRXVEPM^IH)\GLERKI(EXE3VEGPIW(EXE8SOIRWERH=MIPH*EVQMRK&MXOYF'LEMR[EWHIWMKRIHERHHIZIPSTIHEWXLIFEWMWJSVEJPI\MFPIERHI\TERHEFPIFPSGOGLEMR)GSW]WXIQ XS IJJIGXMZIP] WYTTSVX XLI VMWMRK RYQFIV SJ XVERWEGXMSRW [LMPI QEMRXEMRMRK +EW *II EX E
VIEWSREFPIPIZIP[LMPIEPWSFIMRKWIGYVIERHXVERWTEVIRX
8LIJSPPS[MRKEVIXLIZEPYIWXLEX&MXOYF'LEMR[MPPWYTTP]XSMXWYWIVW6IWSPZIFYWMRIWWGLEPPIRKIWF]JSVQMRKERIX[SVOXLEXIREFPIWWQEPPERHPEVKIIRXIVTVMWIWXSSTIVEXIXSKIXLIV&MXOYF'LEMRQE]FIETTPMIHF]TEVXRIVGSQTERMIWXSGVIEXIEHIGIRXVEPM^IHW]WXIQ'SRZIVXEWWIXWMRGPYHMRK2*8WMRXSXSOIRW4VSZMHIPMUYMHMX]XSRSRPMUYMHEWWIXW[MXLQEVOIXWYTTSVXW&IERIEWMP]EGGIWWMFPIMRJVEWXVYGXYVIXLEXIRGSYVEKIWXLIYXMPM^EXMSRSJ&MXOYF'LEMRMRXLIFYWMRIWWWIGXSVW
7MQTPMJ]XLITVSGIWWXSHIZIPST7QEVX'SRXVEGXSVETTPMGEXMSRWSRXLIFPSGOGLEMREW[IPPEW
WYTTSVXJSVJYXYVIJYRGXMSREPMXMIW
1EMRXEMREFEPERGIFIX[IIRTIVQMWWMSRIHERHTIVQMWWMSRPIWWRIX[SVOWERH)RGSYVEKIIRXVITVIRIYVWMR8LEMPERHXSYWIFPSGOGLEMRXIGLRSPSK]QSVIWMQTP]F]KMZMRKMRJSVQEXMSRERHYRHIVWXERHMRKSJVIPEXIHXIGLRSPSKMIWFEWIHSR&MXOYFEJJMPMEXIW PSRKXIVQ
WOMPPWERHI\TIVMIRGIW
5.5 Technical Description
Bitkub Chain&MXOYF'LEMRMWHIWMKRIHXSFIXLIMRJVEWXVYGXYVISJXLIRI[-RXIVRIXIVEMR[LMGLZEPYEFPIEWWIXWEVITVSKVIWWMZIP]FIMRKHMKMXEPM^IHMRSVHIVXSIREFPIZEPYIXVERWJIVSZIVXLI-RXIVRIXQSVIWEJIXVERWTEVIRXERHIEW]SRE(IGIRXVEPM^IH2IX[SVO-X[MPPPIXIZIV]SRIXSGSRXVMFYXIXSXLIHIZIPSTQIRXSJTVSNIGXWERHETTPMGEXMSRWSRE(IGIRXVEPM^IH2IX[SVO&MXOYF'LEMRIREFPIWER]SRIXSTEVXMGMTEXIMRXLIHIZIPSTQIRXSJTVSNIGXWERHETTPMGEXMSRWSRE(IGIRXVEPM^IH2IX[SVO[MXLXLSWIGSRXVMFYXMRKXSXLIRIX[SVO[MPPFIRIJMXJVSQEPS[+EW*IIERHUYMGOXVERWEGXMSRTVSGIWW
2S[EHE]W QER] ETTPMGEXMSRWƅ JYRGXMSRW XLEX [I YWI EVI SJXIR PMROIH XS WYGL ETTPMGEXMSR W
HEXEFEWI[LIVIHEXEQE]FIWXSVIHERHEGGIWWIHF]NYWXSRITIVWSR8LMWWSVXSJHEXEWXSVEKIMWORS[REWEGIRXVEPM^IHW]WXIQ&MXOYF'SMR /9& MWEYXMPMX]XSOIRRSXEWXSGOSVSXLIVOMRHSJMRZIWXQIRX8LITSWWIWWMSRSJ/9&GSMRWGVIEXIWRSS[RIVWLMTSVSXLIVMRXIVIWXMR&&8SVER]EƾPMEXIMR&MXOYF+VSYT8LMW[LMXITETIVMWRSXETVSWTIGXYWSVMRZIWXQIRXTVIWIRXEXMSRERHMXHSIWRSXVITVIWIRXERSJJIVXSWIPPSVWSPMGMXMRZIWXQIRXMRWIGYVMXMIWMRER]NYVMWHMGXMSR&-8/9&',%-2;,-8)4%4)6:


8LIGSRGITXSJHIGIRXVEPM^IHW]WXIQSJ&MXOYF'LEMRTVSZMHIWEGSPPIGXMSRSJHEXEFEWIWMR[LMGLXLMWPEVKIHEXEFEWIMWHMWTIVWIHEQSRKXLIVIPIZERXMRHMZMHYEPWERHQE]FIYWIHXSGSRRIGXXSXLIETTPMGEXMSRWVIUYMVIHXSJVIIP]YXMPM^IXLMWHEXEFEWI2SHIVIJIVWXSXLIKVSYTSJMRHMZMHYEPW[LS
KEXLIVXLMWHEXE%PPMHIRXMGEPVIGSVHWEVIWIRXXSIEGL2SHI%TTPMGEXMSRWSTIVEXMRKSR&MXOYF'LEMRQE]XLIREGGIWWXLIHEXEWXSVIERHI\IGYXIXLIETTPMGEXMSR WPSKMGSVTVSGIWWIW8LEXETTPMGEXMSR[MPPLEZIE:MVXYEP1EGLMRISV7QEVX'SRXVEGXXLEXTVSGIWWIWXVERWEGXMSRWMREGGSVHERGI[MXLXLI
ETTPMGEXMSR WWTIGMJMGEXMSRW
Bitkub Chain Mainnet
Consensus:4VSSJSJ7XEOI 4S7 'LEMR'SRJMKYVEXMSRW'LEMR-H&PSGO4IVMSHWIGSRHW+EW4VMGI(]REQMG7]WXIQ
Network Endpoints
64'IRHTSMRXLXXTWVTGFMXOYFGLEMRMS
;7IRHTSMRX[WW[WWFMXOYFGLEMRMS
Proof of Stake&MXGSMR[EWHIZIPSTIHMREWE4VSSJSJ;SVO 4S; GSRGITX&MXGSMRLEWWMRGIFIGSQIXLIGSVRIVWXSRISJHIGIRXVEPM^IHHMKMXEPZEPYIXVERWJIV(IWTMXIXLIJEGXXLEX&MXGSMRMW[IPPORS[RERH
KVIEXP]ETTVIGMEXIHMXLEWFIIRGVMXMGM^IHJSVMXWPEVKIYWISJTS[IVERHMXWXVIQIRHSYWIRZMVSRQIRXEPIJJIGX
-RETVSNIGXGEPPIH4IIV'SMRMRXVSHYGIHEREPXIVREXMZIGSRGITXXSGSRWIRWYWXIGLRSPSK]
4VSSJSJ7XEOI 4S7 [LMGLEHHVIWWIHXLITVIZMSYWP]QIRXMSRIH&MXGSMRGSRGIVRSJVIUYMVMRKIRSVQSYWEQSYRXW SJ IPIGXVMGMX] 4VSSJSJ7XEOI 4S7  GSRGITXW EVI FIGSQMRK QSVI TSTYPEV EW WIIR F] XLI4SPOEHSX'EVHERSERH)XLIVIYQTVSNIGXW
8LI4VSSJSJ%YXLSVMX] 4S% GSRGITX[EWIWXEFPMWLIHF]GSQFMRMRKXLI4VSSJSJ7XEOI 4S7 
GSRGITX[MXLXLIJSGYWSRXVERWTEVIRG]SJXLIZEPMHEXSVSRFPSGOGLEMRORS[REWE:EPMHEXSV
4VSSJSJ%YXLSVMX] 4S% IREFPIWFPSGOGLEMRXIGLRSPSK]YWIVWXSKIXEGGIWWXSXLIFPSGOGLEMR[LMPIEPWSVIGIMZMRKEHZERXEKIWMRXLIJSVQSJ+EW*IIWSRXLIFPSGOGLEMRSVXLIYWEKISJ7QEVX'SRXVEGXW[MXLPS[+EW*IIERHVETMHXVERWEGXMSRGSRJMVQEXMSR2IX[SVOYWIVWSJXIRHITIRHSRXLI
VITYXEXMSRERHMRXIKVMX]SJZEPMHEXSVRSHIW[LIRTIVJSVQMRKE4VSSJSJ%YXLSVMX] 4S% &MXOYF'LEMRFIKER[MXLXLIGSRGITXSJ4VSSJSJ%YXLSVMX] 4S% [LMGLLEWVIWYPXIHMRVETMHXVERWEGXMSRGSRJMVQEXMSRERHMRI\TIRWMZI+EW*II[LMGLFIRIJMXIHEPPRIX[SVOTEVXMGMTERXWMRGPYHMRKYWIVWHIZIPSTIVWERHFYWMRIWWSTIVEXSVW[LSEVIVIPIZERXXS&MXOYF'LEMR&MXOYF'SMR /9& MWEYXMPMX]XSOIRRSXEWXSGOSVSXLIVOMRHSJMRZIWXQIRX8LITSWWIWWMSRSJ/9&GSMRWGVIEXIWRSS[RIVWLMTSVSXLIVMRXIVIWXMR&&8SVER]EƾPMEXIMR&MXOYF+VSYT8LMW[LMXITETIVMWRSXETVSWTIGXYWSVMRZIWXQIRXTVIWIRXEXMSRERHMXHSIWRSXVITVIWIRXERSJJIVXSWIPPSVWSPMGMXMRZIWXQIRXMRWIGYVMXMIWMRER]NYVMWHMGXMSR

&-8/9&',%-2;,-8)4%4)6:

%JXIV&MXOYF'LEMRWXEVXIHHIZIPSTMRKXLIRIX[SVO[MXL4VSSJSJ%YXLSVMX] 4S% W]WXIQGSQTPIXIP]
&MXOYF 'LEMR LEW W[MXGLIH XS E 4VSSJSJ7XEOI%YXLSVMX] GSRWIRWYW XS ZIVMJ] HEXE SR (MWXVMFYXIH
0IHKIV8IGLRSPSK]MRWXIEHSJYWMRKXLI4VSSJSJ%YXLSVMX]W]WXIQMRXLIVIKYPEVQERRIVXSKIXQE\MQYQTSXIRXMEPXSHIZIPST&MXOYF'LEMRMRXLIJYXYVIMRPMRI[MXLXLIZMWMSRERHQMWWMSRSJFYMPHMRKHMKMXEPMRJVEWXVYGXYVIXLEXMW[MHIP]EGGITXIHMRZEVMSYWMRHYWXVMIW
8LI4VSSJSJ7XEOI%YXLSVMX]W]WXIQMWSRISJXLIGSRWIRWYWQIGLERMWQXLEXGSQFMRIWXLIGSRGITXWSJ4VSSJSJ7XEOIERH4VSSJSJ%YXLSVMX]XSIRLERGIXLIFPSGOGLEMRRIX[SVOQSVIHIGIRXVEPM^IH
ERH WEJI [LIVI YWIVW GER LEZI XLI VMKLX XS FI E :EPMHEXSV 2SHI SR &MXOYF 'LEMR XLVSYKL XLI4VSSJSJ7XEOI%YXLSVMX]GSRWIRWYW%:EPMHEXSV2SHISRE4VSSJSJ7XEOI%YXLSVMX]W]WXIQMWETIVWSRSVKVSYTSJTISTPIEGGITXIH
XSVYRE2SHIHYIXSXLIMVTSWWIWWMSRSJ/9&GSMRWTIV2SHIERHE[IPPORS[RWSGMEPTSWMXMSRFSXLSJ[LMGLEVIVIUYMVIHXSQEOIXLI&MXOYF'LEMRRIX[SVOXVERWTEVIRXERHGERFIZIVMJMIH%HHMRKSVVIQSZMRK:EPMHEXSV2SHIWQYWXFIGSRWIRWYWF]QENSVMX]ZSXI&MXOYF 'LEMR EP[E]W STIVEXIW WQSSXLP] [MXL ^IVS HS[RXMQI [LIR XLI GLERKI JVSQ4VSSJSJ%YXLSVMX]XS4VSSJSJ7XEOI%YXLSVMX]GSRWIRWYWQIGLERMWQMWEGGSQTPMWLIH&MXOYF'LEMRLEWSZIVQMPPMSRXSXEPXVERWEGXMSRWERHFPSGOZIVMJMGEXMSRXMQIWJSVERIWXMQEXIHWIGSRHW&MXOYF'LEMR[MPPXVERWMXMSRJVSQ4VSSJSJ7XEOI%YXLSVMX]XS4VSSJSJ7XEOIGSRWIRWYWQIGLERMWQMRSVHIVXSQEOIXLIRIX[SVOQSVIHIGIRXVEPM^IHERHWIGYVIEW[IPPEWXSTVSQSXIKVIEXIVVIEPYWEKI
MRE[MHIVERKISJMRHYWXVMIWEPMKRMRK[MXL&&8 WZMWMSR
9WIVWGSYPHFIGSQIXLI:EPMHEXSV2SHIWF]TSWWIWWMRK/9&GSMRWWXEVXMRKEXGSMRW[LMGLLIPTWXSHIGIRXVEPM^IXLI&MXOYF'LEMRRIX[SVO8LI 4VSSJSJ7XEOI GSRWIRWYW QIGLERMWQ GER LERHPI QSVI XVERWEGXMSRW XLER XLI4VSSJSJ7XEOI%YXLSVMX]GSRWIRWYWQIGLERMWQERHMWQSVIHIGIRXVEPM^IH[LMGLMWERSXLIVGVMXMGEPWXITXS[EVHJYXYVIETTPMGEXMSRERHQEWWEHSTXMSR&MXOYF'SMR /9& MWEYXMPMX]XSOIRRSXEWXSGOSVSXLIVOMRHSJMRZIWXQIRX8LITSWWIWWMSRSJ/9&GSMRWGVIEXIWRSS[RIVWLMTSVSXLIVMRXIVIWXMR&&8SVER]EƾPMEXIMR&MXOYF+VSYT8LMW[LMXITETIVMWRSXETVSWTIGXYWSVMRZIWXQIRXTVIWIRXEXMSRERHMXHSIWRSXVITVIWIRXERSJJIVXSWIPPSVWSPMGMXMRZIWXQIRXMRWIGYVMXMIWMRER]NYVMWHMGXMSR

&-8/9&',%-2;,-8)4%4)6:

Nodes*YPP2SHI:EPMHEXSV2SHIERH&SSX2SHIEVIXLIXLVIIX]TIWSJ2SHIW*YPP2SHIMWMRGLEVKI
SJ GSRXVSPMRK  HEXE MR XLI (MWXVMFYXIH 8IGLRSPSK] W]WXIQ ERH MW EPWS YWIH XS WYFQMX SV EGGIWWRIX[SVOXVERWEGXMSRW(IGIRXVEPM^IHETTPMGEXMSR[MPPFIEFPIXSGSRRIGX[MXL*YPP2SHIF]YWMRK)XLIVIYQ WWYTTSVXIH;IFPMFVEVMIWXSI\IGYXIERHWXSVIXVERWEGXMSRWMRWMHIXLIETTPMGEXMSR[LMPWXSRGLEMR[EPPIXW[SYPHPIZIVEKIHEXEJVSQRIX[SVORSHIWXSTYFPMGP]WLEVIHEXE*YVXLIVQSVIXLI
:EPMHEXSV2SHI[MPPFIMRGLEVKISJZEPMHEXMRKERHZIVMJ]MRKXVERWEGXMSRWFIJSVIEGGIWWMRKXLIHMWXVMFYXIH
HEXEFEWIXLVSYKLXLI'SRWIRWYW4VSGIWW*MREPP]XLI&SSXRSHIIREFPIWRI[RSHIWXSHIXIGXERH
GSRRIGX (]REQMG(MWGSZIVEFMPMX] XSSXLIV2SHIWMRXLIRIX[SVODescription of Nodes
Full Node
8LI*YPP2SHI[MPPFIGSRRIGXIHXSMRXIVEGX[MXLETTPMGEXMSRWXLEXWIIOXSXVERWEGXSVI\IGYXI
7QEVX'SRXVEGXW*YVXLIVQSVIMRSVHIVXSTVSGIWWERHEHQMRMWXVEXIHEXESRXLI(MWXVMFYXIH0IHKIVIEGL*YPP2SHI[MPPRIIHXSYTHEXI+S)XLIVIYQ'PMIRX7SJX[EVI[LIVIF]XLIHIZIPSTQIRXXIEQLEWWTPMXXLI2SHIVIWTSRWMFPIJSVEGGITXXVERWEGXMSRJVSQXLI2SHIVIWTSRWMFPIJSVWMKRMRKSVZEPMHEXMRKXVERWEGXMSRWXSKYEVERXIIXLEXXLIX[SSTIVEXMSRWHSRSXGSQTIXIJSVXLIWEQIVIWSYVGIValidator Node8LI:EPMHEXSV2SHIMWMRGLEVKISJZEPMHEXMRKERHZIVMJ]MRKXVERWEGXMSRW8SIRWYVIGSRWIRWYW
SR(MWXVMFYXIH0IHKIV8VERWEGXMSRWXLI:EPMHEXSV2SHIWLEPPMRXIVEGX[MXLXLISXLIV:EPMHEXSV2SHIWMRXLIRIX[SVO)ZIV]:EPMHEXSV2SHILEWJSVOIHXLIQSWXVIGIRXZIVWMSRSJXLI+S)XLIVIYQ +IXL 'PMIRX7SJX[EVI)ZIV]2SHIVYRW)XLIVIYQ%HHVIWWERH/I]4EMV[LMGLMWTVSXIGXIHF]XLI)XLIVIYQEGGSYRX TEWW[SVH JSV XLI 4YFPMG4VMZEXI /I] 4EMV KIRIVEXIH JVSQ XLI )XLIVIYQ 4EWWTLVEWI MW
VIGSVHIHERHQEMRXEMRIHMRXLI:EPMHEXSV2SHIHEXEFEWI
Bootnode&SSXRSHIWIVZIWEWE(]REQMG(MWGSZIVEFMPMX]WYTTSVXIVERHXLIJMVWXGSRRIGXMRKTSMRXJSV2SHIWMRXLI&MXOYF'LEMR2IX[SVOEPPS[MRKER]:EPMHEXSV2SHIXLEX[MPPSTIVEXISR&MXOYF'LEMRXSGSRRIGXERHMRXIVEGXWQSSXLP]
Validators
8LI:EPMHEXSVMWEKVSYTSJTIVWSRWZEPMHEXMRKFPSGOGLEMRXVERWEGXMSRWJSVXLI&MXOYF'LEMR
2IX[SVO8LIFPSGOGLEMRIQTPS]WEWIXSJ:EPMHEXSVW[LSEVIMRGLEVKISJZIVMJ]MRKXVERWEGXMSRWERH
GVIEXMRK RI[ FPSGOW SR XLI FPSGOGLEMR 8LI KVSYT SJ TIVWSRW [LS [MPP FI EPPS[IH XS STIVEXI EW
:EPMHEXSVW QYWX TEWW ZIVMJMGEXMSR XS EYXLIRXMGEXI XLIMV MHIRXMX] ERH VIPMEFMPMX] [LMGL MW GEPPIH
4VSSJSJ%YXLSVMX] 4S% %PWSXLIZEPMHEXSVW[LSEVIMRTSWWIWWMSRSJ/9&GSMRWFIKMRRMRKEXGSMRWXLMW[MPPVIJIVEW4VSSJSJ7XEOI 4S7 %RHXLIZEPMHEXSVW[LSEVIMRTSWWIWWMSRSJ/9&GSMRWJSVQSVIXLERGSMRWXLMW[MPPVIJIVEW4VSSJSJ7XEOI%YXLSVMX] 4S7% 8LIVIJSVI:EPMHEXSVWQYWXTSWWIWW/9&GSMRWMRXLIW]WXIQMRSVHIVXSSTIVEXIEWE8VERWEGXMSR:EPMHEXSVERHKIXGSQTIRWEXMSRJSVZEPMHEXMRKXVERWEGXMSRW VI[EVH [LMGLMWHIXIVQMRIHF]XLIUYERXMX]SJ/9&GSMRW
LIPHF]IEGL:EPMHEXSV&MXOYF'SMR /9& MWEYXMPMX]XSOIRRSXEWXSGOSVSXLIVOMRHSJMRZIWXQIRX8LITSWWIWWMSRSJ/9&GSMRWGVIEXIWRSS[RIVWLMTSVSXLIVMRXIVIWXMR&&8SVER]EƾPMEXIMR&MXOYF+VSYT8LMW[LMXITETIVMWRSXETVSWTIGXYWSVMRZIWXQIRXTVIWIRXEXMSRERHMXHSIWRSXVITVIWIRXERSJJIVXSWIPPSVWSPMGMXMRZIWXQIRXMRWIGYVMXMIWMRER]NYVMWHMGXMSR

&-8/9&',%-2;,-8)4%4)6:

Tech Partner

Huawei Technologies(Thailand) Company Limited

MFEC Public Company Limited

PROEN Corp PublicCompany Limited
3RGI &MXOYF 'LEMR XVERWMXMSRW XS E GSQTPIXI 4VSSJSJ7XEOI'SRWIRWYW 1IGLERMWQ &&8
[MPP NSMR EW E 2SHI XS GSRXMRYI HVMZMRK &MXOYF 'LEMR HIZIPSTQIRX -R XLI QIER[LMPI &&8 QE]TEVXMGMTEXI EW E 2SHI EX ER] XMQI XS IRWYVI XLEX XLI RIX[SVO VYRW WQSSXLP] SV MR XLI IZIRX XLEXXLIVIMWER]TVSFPIQ[MXLXLI:EPMHEXSV2SHI
Validator Quorum
3RP]XVYWX[SVXL]2SHIWWIVZIEWXLI:EPMHEXSVWEXXLI+IRIWMW7XEKISVXLIIEVP]TLEWIWSJXLIFPSGOGLEMR)ZIV]WIGSRHWXLI&MXOYF'LEMRGVIEXIWERI[FPSGO7IGSRHWERH)TSGLPIRKXLEVIFPSGOW[LMGLMQTPMIWXLEXIEGL)TSGLMWEVSYRHWIGSRHWSVQMRYXIWETEVXSupport in Bitkub Chain
Ethereum Smart Contract Support-RXIVSTIVEFMPMX]MWSRISJXLIOI]JIEXYVIWXLEXIREFPIFPSGOGLEMRXSFI[MHIP]YWIHJSV)XLIVIYQ % TVSXSX]TI SJ 8SOIR H%TT ERH WQEVX GSRXVEGX MW I\XIRWMZI JSV )XLIVIYQ [LMGL MW
GYVVIRXP]XLIPEVKIWXRIX[SVO&MXOYF'LEMRYRHIVWXERHWXLIWMKRMJMGERGISJXLMWPEVKIMRJVEWXVYGXYVIXLIVIJSVI&MXOYF'LEMR[EWHIWMKRIHXSEGGSQQSHEXI)XLIVIYQFEWIHWQEVXGSRXVEGXWJavascript Libraries
.EZEWGVMTXPMFVEVMIWQEOIMXIEW]JSVHIZIPSTIVWXSGVIEXIERHGSRRIGXXLIMVS[RMRZIRXMSRW[MXLXLIRIX[SVO&MXOYF'LEMRMWGSQTEXMFPI[MXLE[MHIVERKISJ.EZEWGVMTXPMFVEVMIWMRGPYHMRK
7YTTSVX;IFNW
)XLIVNW STXMSREP 
8VYJJPINWPMFVEV]
Online (Web 3) Wallet support
&MXOYF'LEMRMWEHIGIRXVEPM^IHFPSGOGLEMRMRJVEWXVYGXYVIXLEXWYTTSVXWHIGIRXVEPM^IH[EPPIXWWYGLEW1IXEQEWO%WEVIWYPXMRHMZMHYEPW[LSS[RXLIMVTVMZEXIOI]QE]XVERWJIVVIGIMZIERHWXSVIGV]TXSGYVVIRG]SRXLIMVS[R&MXOYF'SMR /9& MWEYXMPMX]XSOIRRSXEWXSGOSVSXLIVOMRHSJMRZIWXQIRX8LITSWWIWWMSRSJ/9&GSMRWGVIEXIWRSS[RIVWLMTSVSXLIVMRXIVIWXMR&&8SVER]EƾPMEXIMR&MXOYF+VSYT8LMW[LMXITETIVMWRSXETVSWTIGXYWSVMRZIWXQIRXTVIWIRXEXMSRERHMXHSIWRSXVITVIWIRXERSJJIVXSWIPPSVWSPMGMXMRZIWXQIRXMRWIGYVMXMIWMRER]NYVMWHMGXMSR

&-8/9&',%-2;,-8)4%4)6:

5.6 Bitkub Chain Ecosystem and Application Cases
&MXOYF'LEMRMWGSQQMXXIHXSGVIEXIEGSQTVILIRWMZIIGSW]WXIQJSVHIZIPSTIVWWQEPPERH
QIHMYQWM^IHFYWMRIWWIWSVWXEVXYTWERHIRHYWIVWXSJYPP]YXMPM^IFPSGOGLEMRXIGLRSPSK]&&8LEWEPVIEH]GSRXEGXIHTEVXRIVGSQTERMIWXSFIGSQITEVXSJXLIRIX[SVOMRXLITVSGIWWSJHIZIPSTMRKXLIFPSGOGLEMRGSQQYRMX]XSHVMZIVIEPEHSTXMSRERHMRXLIJYXYVI&&8[MPPWIIOTEVXRIVW[LSEVIGSQTERMIWSVFYWMRIWWIWXLEXTPE]WMKRMJMGERXVSPIWJSVFSXLREXMSREPERHKPSFEPIGSRSQMIWEW[IPP
EW WXEVXYTW XLEX LEZI VIGIRXP] WXEVXIH XLIMV FYWMRIWW WS XLEX XLI FYWMRIWW GER I\TERH WQSSXLP]XLVSYKLXLIGSRZIVWMSRSJXVEHMXMSREPEWWIXWMRXSXSOIRJSVQ8LI&&8QEVOIXMRKXIEQ[MPPFIEFPIXSI\EQMRI[LMGLEJJMPMEXIWSVTEVXRIVW[MXL[LEXEXXVMFYXIWXSNSMRMRSVHIVXSGSRXVMFYXIXSXLIRIX[SVO WZEPYI

&&8 MW MR XSYGL [MXL VITVIWIRXEXMZIW SJ PIEHMRK SVKERM^EXMSRW XS GSRZMRGI XLIQ XS NSMR XLIRIX[SVO [LMPI GSRXMRYMRK XS IRKEKI [MXL TEVXRIVW [LS LEZI EPVIEH] NSMRIH XLI RIX[SVO [MXL XLISFNIGXMZISJHVMZMRK&MXOYF'LEMREGGITXERGIJVSQXLIREXMSREPXSXLIVIKMSREPERH[SVPH[MHIPIZIPW&MXOYF'SMR /9& MWEYXMPMX]XSOIRRSXEWXSGOSVSXLIVOMRHSJMRZIWXQIRX8LITSWWIWWMSRSJ/9&GSMRWGVIEXIWRSS[RIVWLMTSVSXLIVMRXIVIWXMR&&8SVER]EƾPMEXIMR&MXOYF+VSYT8LMW[LMXITETIVMWRSXETVSWTIGXYWSVMRZIWXQIRXTVIWIRXEXMSRERHMXHSIWRSXVITVIWIRXERSJJIVXSWIPPSVWSPMGMXMRZIWXQIRXMRWIGYVMXMIWMRER]NYVMWHMGXMSR

&-8/9&',%-2;,-8)4%4)6:

06
KUB Coin

6.1 Coin Utility/9&GSMRMWXLI&MXOYF'LEMRRIX[SVO WSJJMGMEPGYVVIRG] GSQTEVEFPIXS)XLIVSRXLI)XLIVIYQ
RIX[SVO 8LI/9&GSMREPWSMRGPYHIWXLIJSPPS[MRKEHHMXMSREPJIEXYVIWGas Fee:-XJYRGXMSRWEWEYRMXSJQIEWYVIQIRXJSVXLIEQSYRXWSJ[SVOEGGSQTPMWLIHF]E
:EPMHEXSVSRXLI&MXOYF'LEMRWYGLEWZEPMHEXMRKERHZIVMJ]MRKXVERWEGXMSRWKIRIVEXMRKFPSGOWERH
WIGYVMRKXVERWEGXMSRWSR&MXOYF'LEMRRIX[SVO
9WIVWQYWXTE]E+EW*IISVEXVERWEGXMSRJIIYWMRK/9&GSMRWMRSVHIVXSNSMRMRXLI&MXOYF'LEMR8LIRYQFIVSJGSMRWVIUYMVIHMWHIXIVQMRIHF]XLIMRXVMGEG]ERHZSPYQISJXLIXVERWEGXMSRFIMRKKIRIVEXIHSRXLI&MXOYF'LEMRRIX[SVOERHXLIKEW[MPPFIYXMPM^IHMRXLIWITLEWIW2IX[SVOXVERWEGXMSRJIIWMRGPYHMRKEWWIXXVERWJIVJIIWWXSVEKIJIIWERHWSSR*IIWJSVYXMPM^MRKWQEVXGSRXVEGXWSV(IGIRXVEPM^IH%TTPMGEXMSRW H%TTW SRXLIRIX[SVO
Fee Credits: /9&GSMRHMJJIVWJVSQSXLIVRIX[SVOGYVVIRGMIWWMRGIXLI]GERFII\GLERKIHSR
XLI &MXOYF )\GLERKI /9& GSMR LSPHIVW QE] I\GLERKI XLI GSMRW JSV JII GVIHMXW MR XLI &MXOYF
)\GLERKI[LMGLMWERRSYRGIHERHYTHEXIHHEMP]SRXLI&3 W[IFWMXILock & Drop: /9&GSMRLSPHIVW[MPPFIIPMKMFPIJSVWTIGMEPFIRIJMXWXLVSYKLXLI&MXOYF2)<8
ETTPMGEXMSREHMKMXEPEWWIX[EPPIX[MXLERIEW]XSYWIMRXIVJEGIHIWMKRIHF]&&88LI0SGO (VSTJIEXYVIMWRSXEFPIJSVEPPS[MRK/9&GSMRLSPHIVWXSHITSWMXXLIMV/9&GSMRJSVEWTIGMJMIHPIRKXLSJXMQIMRSVHIVXSSFXEMRHMKMXEPEWWIXWERHSXLIVFIRIJMXWJVSQ&&8TEVXRIVWExchange of goods and services from BBT partners: /9& GSMR LSPHIVW GER YWI /9&GSMRWXSKIXWTIGMEPKSSHWSVWIVZMGIWJVSQ&&8TEVXRIVW7YGLSTIVEXMSRWLS[IZIVEVIWSPIP]
FEWIHSRQEVOIXMRKGEQTEMKRW8LIVIEVIRSMRXIRXMSRWXSYWIGSMRWEWTE]QIRXJSVKSSHWSVWIVZMGIW
6.2 Coin-related Economic System
Tokenomic Overview
'SMR2EQI&MXOYF'SMR%FFVIZMEXMSRERH'SYRXMRK9RMX2EQI/9&

8LIGYVVIRXXSXEPEQSYRXSJGSMRW!/9&

8LIXSXEPEQSYRXSJGSMRWTVIWIRXP]MRGMVGYPEXMSRMRXLIW]WXIQ!/9&&MXOYF'SMR /9& MWEYXMPMX]XSOIRRSXEWXSGOSVSXLIVOMRHSJMRZIWXQIRX8LITSWWIWWMSRSJ/9&GSMRWGVIEXIWRSS[RIVWLMTSVSXLIVMRXIVIWXMR&&8SVER]EƾPMEXIMR&MXOYF+VSYT8LMW[LMXITETIVMWRSXETVSWTIGXYWSVMRZIWXQIRXTVIWIRXEXMSRERHMXHSIWRSXVITVIWIRXERSJJIVXSWIPPSVWSPMGMXMRZIWXQIRXMRWIGYVMXMIWMRER]NYVMWHMGXMSR

&-8/9&',%-2;,-8)4%4)6:
3R%YKYWXEXSXEPSJ/9&LEWFIIRFYVRXSVHIWXVS]IHVIHYGMRKXLIXSXEPRYQFIVSJ/9&XS/9&8LMWMWGSRWMWXIRX[MXL&MXOYF'LEMR: W
SFNIGXMZISJPS[IVMRKXVERWEGXMSRJIIWJVSQ+[IMXS+[IMTIVXVERWEGXMSRXSJEGMPMXEXIWTIIHMIVQEWWEHSTXMSREXEREJJSVHEFPITVMGI*SVXLIVIEWSRWWXEXIHEFSZIXLI/9&GSMRHMWXVMFYXMSRVEXMS
LEWFIIRGLERKIHXSGSVVIWTSRH[MXLXLIEQSYRXSJ/9&GSMRWFYVRXSVHIWXVS]IHEGGSVHMRKXSXLISVMKMREPGSMRHMWXVMFYXMSRTPER&MXOYF'LEMRIGSRSQ]EVIHIWMKRIHXSFIPSRKXIVQWYWXEMREFPI[MXLYWIVMRGIRXMZIWERH
ERIQTLEWMWSRRIX[SVOGSQTPIXIRIWW9WMRK&MXOYF'LEMR WJYRGXMSREPMXMIW[MPPHITPIXIXLIGSQTYXMRKTS[IVSJRIX[SVOGSQTYXIVW/9&GSMRWEVIXLIVIJSVIYXMPM^IHEWETVSGIWWMRKJII[LMPWXXLI:EPMHEXSV2SHIYWIWETSVXMSRSJXLIRIX[SVO WVIWSYVGIWJSVHMJJIVIRXRIX[SVOJYRGXMSRWIK=SY[MPPKIX
/9& GSMRW JSV ZIVMJ]MRK E XVERWEGXMSR SV KIRIVEXMRK E RI[ FPSGO 7YGL ER ETTVSEGL QE] EXXVEGXEHHMXMSREPTEVXMIWXSNSMRXLIRIX[SVO[LIXLIVXLI]EVIYWIVW[LS[ERXXSTIVJSVQXVERWEGXMSRWSVZEPMHEXSVW[LSZEPMHEXIERHVIGSVHHEXESRXLIFPSGOGLEMR/9&GSMRWEVI]IXERSXLIVRIGIWWEV]
GSQTSRIRX SJ XLI &MXOYF 'LEMR 8LIVI [SYPH FI RS QSXMZEXMSR JSV YWIVW XS TEVXMGMTEXI XS XLIRIX[SVOMJXLIMRGIRXMZIWTVSZMHIHXSZEPMHEXSVW[IVIRSXGSQTYXIHMRXSIEGLFPSGOERHHMWTIVWIHEQSRKXLIZEPMHEXSVWTEVXMGMTEXMRKMRXLIFPSGO8LIQIGLERMWQTVSZMHIWXLIRIX[SVO[MXLERSZIVZMI[SJXLIGYVVIRG]WYTTP]ERHTVSQSXIWPSRKXIVQRIX[SVOWXEFMPMX]ERHWIGYVMX]

&MXOYF'SMR /9& MWEYXMPMX]XSOIRRSXEWXSGOSVSXLIVOMRHSJMRZIWXQIRX8LITSWWIWWMSRSJ/9&GSMRWGVIEXIWRSS[RIVWLMTSVSXLIVMRXIVIWXMR&&8SVER]EƾPMEXIMR&MXOYF+VSYT8LMW[LMXITETIVMWRSXETVSWTIGXYWSVMRZIWXQIRXTVIWIRXEXMSRERHMXHSIWRSXVITVIWIRXERSJJIVXSWIPPSVWSPMGMXMRZIWXQIRXMRWIGYVMXMIWMRER]NYVMWHMGXMSR

&-8/9&',%-2;,-8)4%4)6:

Token Distribution

Percentage

KUB Supply

Release Schedule

Ecosystem Fund

13.64%

15,000,000

9RPSGOEX&MXOYF'LEMR:PEYRGLCommunity
Development Fund

13.64%

15,000,000

5YEVXIVP]SZIV]IEVWJMVWXVIPIEWIMR7ITXIQFIV

BCGH’s Reserve Fund

9.09%

10,000,000

]IEVWZIWXMRKTIVMSHXLIRYRPSGO]IEVP]SZIV]IEVWJMVWXVIPIEWIMR7ITXIQFIV

Liquidity Provision Fund46%

50,605,103'SQTPIXIHStrategic Partners Fund

8.54%

9,394,897

9RPSGOEX&MXOYF'LEMR:PEYRGL

Initial Airdrop Fund

9.09%

10,000,000'SQTPIXIH

Total

110,000,000

Ecosystem Fund - )GSW]WXIQ JYRH MW QEREKIH F] &&8 ERH [MPP FI YWIH JSV E ZEVMIX] SJ
TYVTSWIW MRGPYHMRK &MXOYF 'LEMR TVSNIGX HIZIPSTQIRX ZEPMHEXSV WYTTSVX +EW *II WYTTSVX ERHSXLIVMRJVEWXVYGXYVIHIZIPSTQIRXXLEX[MPPEWWMWXXLI&MXOYF'LEMRIGSW]WXIQI\TERHKVEHYEPP]MRXLIPSRKXIVQ%GGSVHMRKXSXLI&MXOYF'LEMR;LMXITETIV:/9&[IVIFYVRXERHHIWXVS]IHJVSQXLIXSXEPEQSYRXSJ/9&SR%YKYWXPIEZMRK/9&Community Development Fund - 8LMW TSVXMSR SJ XLI FYHKIX MW QEREKIH F] &&8 JSV XLITYVTSWISJIWXEFPMWLMRKEYWIVRIX[SVOERHTVSQSXMRKXLIYWISJXLI&MXOYF'LEMRXLVSYKLGSQQYRMX]
IHYGEXMSR[MXLXLIKSEPSJGVIEXMRKEVSFYWXIGSW]WXIQ%GGSVHMRKXSXLI&MXOYF'LEMR;LMXITETIV:  /9& [IVI FYVRX ERH HIWXVS]IH PIEZMRK  /9& IUYMZEPIRX XS XLI/9&FYVRIHSR%YKYWX
BCGH’s Reserve Fund - 8LMWTSVXMSRSJXLIFYHKIXMWLIPHF]&'+,ERH[MPPFIQEREKIHEWa
VIWIVZIJYRHF]&'+,MRXLIGEWISJERIQIVKIRG]SVEWXLI&'+,&SEVHSJ(MVIGXSVWHIIQWETTVSTVMEXI.
%GGSVHMRKXSXLI&MXOYF'LEMR;LMXITETIV:/9&[IVIFYVRXERHHIWXVS]IHPIEZMRK/9&IUYMZEPIRXXSXLI/9&FYVRIHSR%YKYWX
Liquidity Provision Fund - &&8QEREKIWXLMWTSVXMSRSJXLIFYHKIXXSIRWYVIXLIPMUYMHMX]SJ&MXOYFGSMR /9& SRXLIJMVWXHE]SJXVEHMRKSRXLI&MXOYF)\GLERKISJXLIMRMXMEPPSGOIH
[IVIHIWXVS]IHFYXXLIVIQEMRMRK/9&TYVGLEWIHEVIWXMPPMRGMVGYPEXMSR&MXOYF'SMR /9& MWEYXMPMX]XSOIRRSXEWXSGOSVSXLIVOMRHSJMRZIWXQIRX8LITSWWIWWMSRSJ/9&GSMRWGVIEXIWRSS[RIVWLMTSVSXLIVMRXIVIWXMR&&8SVER]EƾPMEXIMR&MXOYF+VSYT8LMW[LMXITETIVMWRSXETVSWTIGXYWSVMRZIWXQIRXTVIWIRXEXMSRERHMXHSIWRSXVITVIWIRXERSJJIVXSWIPPSVWSPMGMXMRZIWXQIRXMRWIGYVMXMIWMRER]NYVMWHMGXMSR

&-8/9&',%-2;,-8)4%4)6:

Strategic Partners Fund - &&8 QEREKIW XLMW JYRHMRK [LMGL [MPP FI YWIH XS IWXEFPMWLGSRXEGXW [MXL TSXIRXMEP RIX[SVO TEVXRIVW %GGSVHMRK XS XLI &MXOYF 'LEMR ;LMXITETIV :
 /9& [IVI FYVRX ERH HIWXVS]IH PIEZMRK  /9& IUYMZEPIRX XS XLI 
/9&FYVRIHSR%YKYWX
Initial Airdrop Fund -8LMWFYHKIXMWQEREKIHF]&3ERHWIVZIWEWEFYHKIXJSVHMWXVMFYXMRK/9&
GSMRWXS&3 WGYWXSQIVWXLEXJYPJMPPXLI&3 WQMRMQYQGYQYPEXMZIXYVRSZIVGVMXIVMSRERHHSWS[MXLMRXLI
XMQIJVEQIMRHMGEXIH8LMWTSVXMSRSJXLIFYHKIX[EWTVIZMSYWP]HMWTIVWIHEXXLIFIKMRRMRKSJXLI/9&
GSMRWPEYRGL

Total supply = 110,000,000 KUB
Strategic Partners Fund
9,394,897



Initial Airdrop Fund
10,000,000

BCGH’s Reserve Fund
10,000,000

Ecosystem Fund
15,000,000Community
Development Fund
15,000,000Liquidity Provision Fund
50,605,103

&MXOYF'SMR /9& MWEYXMPMX]XSOIRRSXEWXSGOSVSXLIVOMRHSJMRZIWXQIRX8LITSWWIWWMSRSJ/9&GSMRWGVIEXIWRSS[RIVWLMTSVSXLIVMRXIVIWXMR&&8SVER]EƾPMEXIMR&MXOYF+VSYT8LMW[LMXITETIVMWRSXETVSWTIGXYWSVMRZIWXQIRXTVIWIRXEXMSRERHMXHSIWRSXVITVIWIRXERSJJIVXSWIPPSVWSPMGMXMRZIWXQIRXMRWIGYVMXMIWMRER]NYVMWHMGXMSR

&-8/9&',%-2;,-8)4%4)6:

Release Schedule









&'+,ƅW6IWIVZI*YRH'SQQYRMX](IZIPSTQIRX*YRH)GSW]WXIQ*YRH

0MUYMHMX]4VSZMWMSR*YRH

7XVEXIKMG4EVXRIVW*YRH-RMXMEP%MVHVST*YRH&MXOYF'SMR /9& MWEYXMPMX]XSOIRRSXEWXSGOSVSXLIVOMRHSJMRZIWXQIRX8LITSWWIWWMSRSJ/9&GSMRWGVIEXIWRSS[RIVWLMTSVSXLIVMRXIVIWXMR&&8SVER]EƾPMEXIMR&MXOYF+VSYT8LMW[LMXITETIVMWRSXETVSWTIGXYWSVMRZIWXQIRXTVIWIRXEXMSRERHMXHSIWRSXVITVIWIRXERSJJIVXSWIPPSVWSPMGMXMRZIWXQIRXMRWIGYVMXMIWMRER]NYVMWHMGXMSR

&-8/9&',%-2;,-8)4%4)6:
6.3 Operational Plans
5YEVXIV
0EYRGL&MXOYF2)<87(/
0EYRGL&MXOYF2*87(/
0EYRGL&MXOYF'LEMR-RJVEWXVYGXYVIEWE7IVZMGI 64'-4*7

0EYRGL&MXOYF'LEMR(IZIPSTIV'IRXIV
0EYRGL2*84E]QIRX7SPYXMSRW3JJMGMEPP]0EYRGL&MXOYF1IXEZIVWI
5YEVXIV'LERKIXLI'SRWIRWYWJVSQ4VSSJSJ7XEOI%YXLSVMX] 4S7% XS4VSSJSJ7XEOI 4S7

0EYRGL7XEOMRK4SSP 4S7

0EYRGL&MXOYF2)<8 7YTIV%TT 
0EYRGL&MXOYF2*8,YF &MXOYF2*8
0EYRGL)EVR/9&
0EYRGL&MXOYF2*8'VIEXMZI7XYHMSTPEXJSVQ
4PEXJSVQPEYRGLXMQIPMRIERHEHHMXMSREPJYRGXMSREPMXMIWEVIWYFNIGXXSGLERKI[MXLSYXRSXMGI&MXOYF'SMR /9& MWEYXMPMX]XSOIRRSXEWXSGOSVSXLIVOMRHSJMRZIWXQIRX8LITSWWIWWMSRSJ/9&GSMRWGVIEXIWRSS[RIVWLMTSVSXLIVMRXIVIWXMR&&8SVER]EƾPMEXIMR&MXOYF+VSYT8LMW[LMXITETIVMWRSXETVSWTIGXYWSVMRZIWXQIRXTVIWIRXEXMSRERHMXHSIWRSXVITVIWIRXERSJJIVXSWIPPSVWSPMGMXMRZIWXQIRXMRWIGYVMXMIWMRER]NYVMWHMGXMSR

&-8/9&',%-2;,-8)4%4)6:

07
Disclaimer

PLEASE READ THE FOLLOWING STATEMENT CAREFULLY.
IF YOU HAVE ANY QUESTIONS, PLEASE CONTACT A LEGAL,FINANCIAL, TAX, OR OTHER RELEVANT ADVISER.


8LMW;LMXITETIVLEWFIIRTVITEVIHXSHIWGVMFIXLITVIWIRXJEGXWERHGMVGYQWXERGIWEXXLI
XMQISJHSGYQIRXTVITEVEXMSREW[IPPEWJYXYVITPERWVIPEXIHXS&MXOYF'LEMRERHXLI&MXOYF'LEMRIGSW]WXIQ FEWIH SR E JEGXYEP SV SXLIV WMXYEXMSR EX XLI XMQI SJ HSGYQIRX TVITEVEXMSR SRP] &&8
VIWIVZIWXLIVMKLX[MXLSYXTVIZMSYWRSXMGIXSIHMXYTHEXISVVIZMWIER]WXEXIQIRXMRXLMWEKVIIQIRX%PXLSYKLXLMWHSGYQIRXLEWFIIRGVIEXIH[MXLGEVIERHEXXIRXMSRXSIRWYVIXLEXXLIMRJSVQEXMSRGSRXEMRIHLIVIMRMWEGGYVEXIERHYTXSHEXI8LMWHSGYQIRX WMRJSVQEXMSRQE]FITEVXMEPP]MRGSQTPIXI
SVMREGGYVEXITEVXMGYPEVP]VIKEVHMRKJYXYVIIZIRXWSVTPERWXLEXQE]EVMWIEWEVIWYPXSJZEVMSYWVMWOJEGXSVWMRGPYHMRKYRJSVIWIIEFPIJYXYVIIZIRXWPMOIXIGLRSPSKMGEPPMQMXEXMSRWSVIVVSVWPIKEPPMQMXEXMSRWQEVOIXQIGLERMWQWXERHEVHWKVSYTGSQTERMIW HMWGVIXMSRHMWGVITERG]MRMRJSVQEXMSRGLERKIWMRJYXYVI GMVGYQWXERGIW ERH WS SR &&8 HSIW RSX [EVVERX XLI EGGYVEG] GSQTPIXIRIWW ZEPMHMX] SV
VIPMEFMPMX]SJXLIMRJSVQEXMSRGSRXEMRIHMRXLMWHSGYQIRXERH&&8MXWI\IGYXMZIWIQTPS]IIWEKIRXW
ERHVIPEXIHTIVWSRWWLEPPRSXFILIPHPMEFPIMRXLIIZIRXSJER]HEQEKIWXSER]TIVWSR [LIXLIVJSVIWIIEFPISVRSX EWEVIWYPXSJWYGLTIVWSRWYWMRKXLIMRJSVQEXMSRGSRXEMRIHMRXLMWHSGYQIRXJSV
VIJIVIRGI MRXIVTVIXEXMSR SV HMWWIQMREXMSR SV ER] EGXMSR FEWIH SR SV VIJIVVMRK XS XLI MRJSVQEXMSRGSRXEMRIHLIVIMR[MXLSYXGEVIJYPGSRWMHIVEXMSR
8LMW HSGYQIRX MW RSX MRXIRHIH XS EHZMWI WSPMGMX SV TVSZMHI ER MRZIWXQIRX STMRMSR SV XS
GSRHYGXXVEHMRKSJ/9&GSMRWSVXSMRZIWXMREWWIXWSVWIGYVMXMIWGSRRIGXIHXS&&8MRER]JSVQWERH
XLI/9&GSMRMWQIVIP]EXSSPXLEXIREFPIWLSPHIVWXSLEZIVMKLXWERHTEVXMGMTEXIMRXLI&MXOYF'LEMRIGSW]WXIQ-RER]IZIRXXLMWHSGYQIRXMWRSXGSRWMHIVIHERMRZIWXQIRXVIPEXIHHSGYQIRX8LMWTETIVMWRSXEWYKKIWXMSRXSTYVGLEWISVWIPP/9&GSMRWSVXSMRZIWXMRER]VIPEXIHEWWIXW/9&GSMRMWSRP]E
QIGLERMWQXLEXEPPS[WLSPHIVWXSIRKEKIMRXLI&MXOYF'LEMRIGSW]WXIQ&MXOYF'SMR /9& MWEYXMPMX]XSOIRRSXEWXSGOSVSXLIVOMRHSJMRZIWXQIRX8LITSWWIWWMSRSJ/9&GSMRWGVIEXIWRSS[RIVWLMTSVSXLIVMRXIVIWXMR&&8SVER]EƾPMEXIMR&MXOYF+VSYT8LMW[LMXITETIVMWRSXETVSWTIGXYWSVMRZIWXQIRXTVIWIRXEXMSRERHMXHSIWRSXVITVIWIRXERSJJIVXSWIPPSVWSPMGMXMRZIWXQIRXMRWIGYVMXMIWMRER]NYVMWHMGXMSR

&-8/9&',%-2;,-8)4%4)6:

References?A&/'7GER  6IXVMIZIH(IGIQFIVJVSQLXXTW[[[FOGWGERGSQ
?AI\GLERKIWFMXOYF'SMRQEVOIXGET  6IXVMIZIH%TVMP
JVSQLXXTWGSMRQEVOIXGETGSQI\GLERKIWFMXOYF
?AI\GLERKIWFMXOYF'SMRKIGOS  6IXVMIZIH1E]
JVSQLXXTW[[[GSMRKIGOSGSQIRI\GLERKIWFMXOYF
?AFMRERGIGLEMR[LMXITETIV+MX,YF  6IXVMIZIH1E]
JVSQLXXTWKMXLYFGSQFMRERGIGLEMR[LMXITETIVFPSFQEWXIV;,-8)4%4)6QH
?A'SMRKIGOS  6IXVMIZIH1E]
JVSQLXXTW[[[GSMRKIGOSGSQ&MXOYF'SMR /9& MWEYXMPMX]XSOIRRSXEWXSGOSVSXLIVOMRHSJMRZIWXQIRX8LITSWWIWWMSRSJ/9&GSMRWGVIEXIWRSS[RIVWLMTSVSXLIVMRXIVIWXMR&&8SVER]EƾPMEXIMR&MXOYF+VSYT8LMW[LMXITETIVMWRSXETVSWTIGXYWSVMRZIWXQIRXTVIWIRXEXMSRERHMXHSIWRSXVITVIWIRXERSJJIVXSWIPPSVWSPMGMXMRZIWXQIRXMRWIGYVMXMIWMRER]NYVMWHMGXMSR