White PAPER
ver 1.0 _ EN

White PAPER ver 1.0
01

Introduction

02

About the SyFu Platform

03

Features of the MANEKINEKO NFT

04

Tokenomics

05

Breed Program06

Long-term Tokenomics and Ecosystem

07
08
09
10

Marketplace

Mission and Vision Statement
Project or Service Overview
SignificanceSolution and Value Imagined by SyFu

Game Overview
User Experience Flow

Overview of MANEKINEKO NFT
Growth and Cultivation
About MANEKINEKO Genesis

Token Overview
SyFu Token (SyFu Governance Token)
Ingame Token (In-game Token)
EVT (Excavation Token)

Overview of the Breed Program
About Bloodline

Game
WEB3finance
Solution to External Institutions

About Payment Data and Patents
About the SyFu Team

Roadmap
Disclaimer

ver 1.0 _ EN

1. Introduction
Mission and Vision Statement
The primary goal of the SyFu project is to transform payment data arising from daily
consumption activities into digital assets, thereby creating a new financial ecosystemthat visualizes economic contribution. Our aim is to realize a society where
consumers can understand and recognize this visualized economic contribution as
digital assets.
SyFu's vision is to create a world where individual consumers' daily consumption
actions are not just seen as spending but are valued as economic contributions thatremain as "digital assets." We aim to enhance the consumer experience andcontribute to local communities and the global economy, striving towards the "walletof the future."

Overview of the Project or Service
SyFu is a Web3 wallet with GameFi (Game Finance) features that convert payment
data into digital assets. This wallet provides comprehensive services ranging fromthe ownership and management of digital assets to enhancing the consumer
experience.
This innovative Web3 wallet service aims to digitalize the economic contributions
generated through modern consumption activities and bring new value to its users.
By utilizing MANEKINEKO NFTs inspired by the traditional Japanese "beckoning
cat," consumer activities worldwide can contribute economically.
The project enhances the consumer experience and contributes to the growth of
local communities and the global economy through a nurturing game that allows thecultivation of MANEKINEKO NFTs using payment data as proof of economic
contribution, enabling the acquisition of tokens and NFTs.

Purpose of Existence
Daily economic activities and consumption have a significant impact on the global
economy. The consumption suppression in various countries due to the pandemic
has proven the magnitude of this impact by reducing the global GDP by more than1

3.4%. However, many consumers find it challenging to feel how their everyday
shopping and dining contribute to the economy.
Addressing this lack of experience is a significant challenge for future global
economic growth, and solving it will greatly contribute to activating consumption. In
some countries, the low level of consumption relative to savings amounts is anational issue.
While people can prove their annual income, tax amount, and assets, there has been
no means to prove economic contribution through consumption. With theadvancement of cashless payments, it has become possible to prove "economic
contribution" through payment data.

Solutions and Value Created by SyFu

・GameFi that Allows Feeling of Economic Contribution
In SyFu's GameFi, users can level up the 3D character "MANEKINEKO" NFT,
modeled after the "beckoning cat," using cashless payment data from everyday
dining and shopping to earn digital assets (tokens & NFTs). These digital assets arealso tradable. The growth of "MANEKINEKO" is directly influenced by the user's
economic contribution (payment data). Through GameFi, users can materialize theirconsumption behavior in the form of "nurturing something," allowing them to feel
their economic contribution.

・A New Reputation in the WEB3 Era
The SyFu wallet visualizes the user's degree of economic contribution as NFT (SBT)
using GameFi, making it personally ownable. This NFT becomes a new type of"credit score" indicating how much individual users contribute to society and theeconomy.
With this innovative approach, SyFu aims to establish new standards in credit rating,achieving a credit society with decentralized transparency and fairness. Unlike
traditional credit scores and rating systems managed by specific institutions, SyFu
transfers this right to individual users, pursuing the true democratization of credit.

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・A New Experience with WEB3 Wallets
SyFu addresses the complexities of using traditional wallets and provides a noncustodial wallet that complies with regulations and is under international patentapplication. This wallet offers consistent services from the operation of digital assets(DEX/Staking) to real-world payments (cryptocurrency payments).

・A New Bridge Connecting Businesses and Users
SyFu's non-custodial wallet fosters new relationships between businesses andusers.
Utilizing "Payment × NFT" technology, SyFu supports companies in adopting Web3
through NFT as a Service (NaaS) and wallet offerings, enabling efficient use of
Web3 technology. This facilitates new business models, transforming brand value
into digital assets and enhancing Web3-based loyalty marketing.
Amid global economic shifts, such innovations contribute significantly to revitalizing
consumption and addressing national challenges of underconsumption compared tosavings. The advancement of cashless payments now allows for the demonstrationof economic contribution through spending data.

32. About SyFu Game
Overview of the GameIn SyFu, users can prove their economic contribution through payment data fromeveryday consumption activities, earning digital assets such as tokens and NFTs.
This economic contribution leads to the nurturing of MANEKINEKO NFTs andimprovement of the account score.
The improvement of parameters through the growth of MANEKINEKO NFTs and theincrease in account score enhance the contribution to earning digital assets.

User Experience Flow
1.

Purchase MANEKINEKO NFT.

2.

Hold MANEKINEKO NFT and check in at designated real-world stores in
specific genres, earning digital marbles.

3.

Make purchases or use services and make payments at the checked-in
stores. *Please check in before making payments.

4.

Later, the cashless payment data will be imported into the SyFu app. *Thetime it takes for payment data to be imported varies by cashless service
provider.

5.

Bind (link) the marbles earned from check-ins with the relevant payment data.
*In SyFu, the act of linking check-in data with payment data is called "BIND."

6.

Successful BIND opens the digital marble, and digital assets are earned.

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Store Genres Eligible for Check-in
At the service launch, real stores and in-store payments are eligible for check-ins.
The eligible stores are selected based on Google Place information, so stores notregistered with Google Place are not eligible. Online payments and transactions on
e-commerce sites are not eligible for check-in, but the extension of eligible genres is
considered for the future.

Eligible Genres (as of February 12, 2024)•

Restaurants

•

Cafes

•

Convenience stores•

Bookstores•

Pharmacies•

Gas stations•

Shopping•

Fashion•

Beauty•Spas•Medical•Movie theaters•

Tourism/Leisure•Accommodations•

Parking•

Others

The eligible genres are based on the above, and variations may occur due to Google
Place registration status and special conditions by region. Stores displayed as
check-in candidates in the app are eligible.

Check-in Limitations
There is a limit to the number of check-ins possible within 24 hours, which varies
depending on the number and rarity of MANEKINEKO owned.

Digital Assets that Can Be Earned

6•Ingame Token (Game-Internal Token): The amount earned varies according
to the number of MANEKINEKO owned, the amount of economic contribution,and the account score.

•

EVT（Excavation Token）: Similarly, the amount earned varies based on theparameters of MANEKINEKO, the amount of economic contribution, and theaccount score.

•

Item BOX: Contains items necessary for Breeding, etc.

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3. Features of MANEKINEKO
NFT
About MANEKINEKO NFTMANEKINEKO NFT is a core digital asset in the SyFu ecosystem. There areinfinitely issued types and limited issuance types, supporting economic activities.

•

There are two types of MANEKINEKO NFT: infinitely issuable types and
MANEKINEKO Genesis (MNG) with a capped issuance (3120).

•

MANEKINEKO Genesis is issued on the Ethereum chain based on the
ERC-721 standard.

•

In the future, MANEKINEKO NFTs are planned to be issued on EVM(Ethereum Virtual Machine) compatible blockchains.

•

MANEKINEKO NFTs are generative NFTs, with each NFT having unique bodycolors and types of outfits, making each NFT unique.

•

MANEKINEKO has several rarity levels (three or more), and the NFT's
parameters vary according to its rarity.

•

A limit is set on the number of times MANEKINEKO NFT can breed.

Growth and Nurturing of MANEKINEKOMANEKINEKO grows in response to user activities, contributing to parameter
improvements.

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•

MANEKINEKO dynamically grows through three stages: "Pod," "Mini," and"Prime."•It is born as a "Pod" and can be nurtured using the user's economic
contribution and Ingame Tokens to grow to the next stage.

•

Depending on the growth stage of MANEKINEKO ("Pod," "Mini," "Prime"), thetypes and amounts of digital assets that can be earned change.

•

Regular maintenance and care are necessary, requiring the consumption ofIngame Tokens.

•

While MANEKINEKO has a lifespan, methods to extend this lifespan areprovided.

About MANEKINEKO Genesis
MANEKINEKO Genesis is a limited issuance NFT, holding special rights and rarity
within the game.

Allocation•

Total Supply: 3120

This will be the maximum number of issuances.
•

Team & KOL: 312

Medium to long-term distribution for teams and KOLs significantly contributing to the
SyFu ecosystem.
•

Community Supply: 2808

Supply amount for "SyFu 2024 Q1 Exclusive Mint." The non-supplied amount for2024 Q1 will be distributed in stages according to project progress. After 2024 Q1,

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Genesis is planned to be kept below 5% of the total issuance amount of
MANEKINEKO NFT.

Details of MANEKINEKO Genesis•

Access to Private Discord Community: Provides access rights to theprivate Discord community "Genesis Alliance," which will be established after
Discord becomes open.

•

Role in the Breeding Program: Genesis plays a crucial role as a rarelineage in the Breeding program, enhancing the rarity of MANEKINEKO NFTs.

•

Events in Product Launch Phases: Genesis holders may experiencevarious events in future product launch phases.

•

Ongoing Role: Genesis continues to play a significant role within the SyFu
GameFi ecosystem.

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4. Tokenomics
SyFu adopts a dual-token system, consisting of two types of tokens that exist on the
chain, SyFu tokens and EVT, as well as Ingame Tokens that exist only within thegame.

About Tokens•

Dual-Token System: SyFu employs a dual-token system, including the
excavation token EVT (Excavation Token) and the governance token SyFu
Token (SyFu Governance Token).

◦

SyFu Token: Exists on the chain and is tradable on DEXs and CEXs. It
is distributed based on contributions to the SyFu ecosystem, including
long-term holding of digital assets and trading volume in themarketplace.

◦

EVT: Exists on the chain and is tradable on DEXs. It is a semi-finite
issuance token. The amount of EVT that can be excavated isdetermined by the number of businesses worldwide and the quantity of
EVT buried, and excavation is only possible in stores with a certain
level of economic contribution. EVT is excavated by BINDing check-in
data and payment data, and is necessary for Breeding as a raw
material for MANEKINEKO. Used EVT is locked in a smart contract,
reducing the circulating supply in the market. Moreover, MANEKINEKO
can be converted back into EVT, requiring items and Ingame Tokens,with a fee of 10%-15%. Returned MANEKINEKO are burned, and a
portion of the fee goes into the SyFu treasury.

◦

Ingame Token: Exists only within the game and can be earned througheconomic contributions (BIND), SyFu Pay payments, and activities inthe Discord community. They can be purchased with credit cards or
cryptocurrency and are used for opening item BOXes, nurturing andmaintaining MANEKINEKO, and Breeding. The usage of Ingame
Tokens within SyFu's Game is expected to increase in the future.

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EVT and MANEKINEKO Economic System•

Finite Nature and Difficulty of EVT Excavation

Users cannot excavate more EVT than the amount set against the number of target
businesses worldwide. This limitation closely ties the value of MANEKINEKO to therarity of EVT. EVT becomes a virtually finite token like oil or gold, based on thenumber of businesses worldwide. As time progresses and users worldwide continue
to excavate EVT, the number of stores yet to be excavated decreases, increasing thedifficulty of excavation.

•

The Relationship Between the Value of MANEKINEKO and EVT

To generate new MANEKINEKO in the Breeding process, EVT is required as a raw
material, resulting in a strong correlation between the total issuance of EVT and thetotal issuance of MANEKINEKO. This token design reduces the circulating supply of
EVT in the market as the issuance of MANEKINEKO increases, and conversely,
when MANEKINEKO is converted back into EVT, the circulating supply of EVT
increases.

This way, the value, demand, and supply balance of EVT and MANEKINEKO NFTs
mutually affect each other. Long-term holding of EVT and MANEKINEKO is
considered a contribution to the ecosystem, leading to SyFu token rewards. The
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problems of oversupply of NFTs and utility tokens within the game and price volatility
due to demand-supply imbalances seen in traditional infinite issuance designs are
mitigated by this design.

135. Overview of the Breeding
Program
In the Breeding program, new MANEKINEKO can be generated. Specific items,
tokens are required, and the concept of lineage is introduced.

The Birth of New MANEKINEKO•

Breeding Process: Through Breeding, new MANEKINEKO are born.

•

Necessary Elements: To generate new MANEKINEKO, 2 MANEKINEKO, 2
Breeding items, Ingame Tokens, and EVT are required.

•

Target Rarity: Only MANEKINEKO with a rarity of Uncommon or higher canbe used for Breeding (Common is excluded).

Breeding Algorithm and Rarity•

Determination of Rarity: The rarity of the newly born MANEKINEKO isdetermined based on the Breeding algorithm, considering the rarity, economic
contribution value, and lineage of the 2 MANEKINEKO used for Breeding.

•

Influence of Lineage: Using MANEKINEKO with special lineages (e.g.,"Genesis") for Breeding increases the likelihood of birthing MANEKINEKO
with higher rarity.

Details on Lineage

Definition of Lineage•

Scope of Lineage: In SyFu, "lineage" includes not only the 2 MANEKINEKO
used for Breeding but also their ancestors, extending back two generations or
more.
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Types of Lineage•

Inbreeding: Refers to Breeding between closely related individuals, allowing
for the enhancement or retention of specific traits. However, strong
inbreeding, such as between first-generation MANEKINEKO sharing the same
parents, can carry risks.

•

Outbreeding: Refers to Breeding between individuals with low lineage
relatedness, increasing genetic diversity.

Influence of Lineage•

Lineage affects the traits and rarity of new MANEKINEKO born fromBreeding. Inbreeding can enhance specific traits, but excessive inbreeding
carries the risk of genetic problems. Conversely, outbreeding promotes
genetic diversity and contributes to the birth of MANEKINEKO with lower
risks.

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About the Supply Balance of MANEKINEKO

Challenges in the Ecosystem
In WEB3 games, not only utility tokens but also the rapid increase in the supply of
NFTs can risk collapsing the ecosystem. To prevent such situations, SyFu proposes
and introduces an Adaptive NFT Generation mechanism, adjusting the generation
probability of "Breeding items" required in the Breeding program.

Importance of Adaptive NFT Generation•

Root of the Problem: In typical WEB3 games, a sudden surge in user
numbers and demand leads to a rapid increase in NFT prices, potentiallycausing a bubble and subsequent crash in value, risking the collapse of theecosystem.

•

Naturality of Value Fluctuations: While digital assets inherently fluctuate invalue, sudden value changes caused by imbalanced demand and supply
adversely affect the ecosystem.

•

Role of Adaptive NFT Generation: Adaptive NFT Generation plays a role inmaintaining the health of the ecosystem by adjusting the generation
probability of Breeding items based on market price indicators and the rate ofincrease in active users, appropriately managing the supply of MANEKINEKO
NFTs.

This mechanism aims to stabilize the supply and demand balance of NFTs,
enhancing the sustainability of the SyFu ecosystem.

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6. Long-Term Tokenomics
and Ecosystem
The SyFu project is composed of three main elements: games, finance, and wallets.
The long-term tokenomics of this project build a broad infrastructure through game
utilization, value creation by game users, and value inflow from external entities.

1. Game•A portion of the revenue generated from the game is used for the buyback ofdigital assets. This process promotes the sustainability and growth of the ingame economy.

2. WEB3 Finance•

Provides a variety of finance services that allow users to use, operate, andexchange their cryptocurrency holdings and earned tokens. This includes
DEX (Decentralized Exchange), payment solutions, staking, lending, etc., witha portion of the revenue generated here allocated for the buyback of SyFu
tokens.

3. Solutions for External Entities•

Offers the SyFu ecosystem and infrastructure to real-world businesses
through the use of MANEKINEKO in collaborations with brand companies andgovernment agencies, and business solutions integrating wallets and NFT ×
payment data. This promotes value inflow from external sources, expanding
and strengthening the overall ecosystem.

These elements form the foundation supporting the long-term success andsustainability of the SyFu project. Details of each section will be disclosed in the
future.

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7. Marketplace
In the Syfu marketplace, various NFTs, including MANEKINEKO and items, can bebought and sold. An 8% transaction fee (including royalty fees) is set for the platform,
with a portion of this fee used for the buyback of SyFu's digital assets.

8. About Payment Data andPatents
SyFu focuses on partnership strategies to incorporate cashless payment data fromusers worldwide. Details of this initiative will be disclosed in the near future.
Details regarding patents related to SyFu will be announced later.

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9. About the SyFu TeamThe SyFu team has been developing and operating the Eat to Earn gourmet SNS
app "SynchroLife (currently Livedoor Gourmet)" for about 6 years. In 2018, weissued our own token and distributed token rewards for review postings forapproximately 5 years, expanding the gourmet community. After transferring thebusiness to Livedoor Co. on April 1, 2023, we started the SyFu project to challenge
Web3 products that impact the real economy. The SyFu team consists of memberswith extensive experience and knowledge in global token incentive design utilizing
blockchain, regulation, finance, product development, and social implementation.

10. Roadmap
The roadmap illustrating the growth and deployment of the SyFu project is asfollows. To remain flexible in response to market changes and external
environments, no specific timelines are set at this stage.
Priorities may also change daily.

• Mint MANEKINEKO Genesis: Minting of the MANEKINEKO Genesis series.
• Test α version product release (closed): Release α version product in a closed
environment for initial community as an early test phase.
• MANEKINEKO NFT presale:Conduct a presale for MANEKINEKO NFTs.
• Test β version product release (closed): After further improvements, distributetokens on the testnet and offer a β version product with breeding and Earnexperience exclusively to NFT holders.
• Open β version product release: Publicly release the open β version of the
product and gather extensive user feedback.
• EVT listing: List the Excavation Token (EVT) on major cryptocurrency exchanges.
• - Global payment data integration: Expand global compatibility by integrating
payment data from various countries.
20• Global payment data integration: Expand global compatibility by integrating
payment data from various countries.
• SyFu token listing: List SyFu tokens on cryptocurrency exchanges for trading.
• Expansion of collaboration MANEKINEKO: Expand the variety of
MANEKINEKO through collaborations with various brands and companies.
• Enterprise wallet solutions: Offer wallet solutions tailored for businesses tosupport their Web3 adoption.
• Implementation of Web3 finance services: Implement Web3 finance services,
including decentralized finance (DeFi), to enhance platform functionalities.

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Disclaimer
This whitepaper is provided for information purposes only and is not intended to be
and does not constitute legal, financial, investment, or other advice, nor does it
create any obligations of the SyFu project team or any other party. No
representations or warranties are made as to the accuracy or completeness of theinformation contained herein, and the SyFu project team expressly disclaims any
and all responsibility for any direct or consequential loss or damage of any kindwhatsoever arising directly or indirectly from: (i) reliance on any information
contained in this document, (ii) any error, omission or inaccuracy in any suchinformation, or (iii) any action resulting therefrom. The information in this whitepaper
is not tailored to comply with the legal requirements of any specific jurisdiction andshould not be construed as such. This whitepaper has not been reviewed by any
regulatory authority.
This whitepaper reflects the SyFu project team's views and information available asof 19.02.2024, and is subject to change without notice.. Investing in SyFu projects
and associated cryptocurrencies involves a high degree of risk, including thepotential loss of the entire investment. Prospective investors are strongly advised toconsult their financial, legal, and other professional advisors before making any
investment. Nothing in this whitepaper shall be deemed to constitute a prospectus ofany sort or a solicitation for investment, nor does it in any way pertain to an offeringor a solicitation of an offer to buy any securities in any jurisdiction.Past performance
is not indicative of future results.
All intellectual property rights related to the SyFu project, including but not limited totechnologies, concepts, and data presented in this whitepaper, are the exclusive
property of the SyFu project team unless otherwise specified. Unauthorized use,
reproduction, or distribution of this material without express consent is strictly
prohibited.
The SyFu project team shall not be liable for any outcomes resulting from actions or
decisions based on the information contained in this whitepaper

Language Priority NoticeThis whitepaper is provided in both English and Japanese. In case of any legal
interpretation or ambiguity, the English version takes precedence. The Japaneseversion is for informational purposes only, and in the event of any discrepancy
between the English and Japanese versions, the content of the English version shall22

prevail. Users are understood to have acknowledged and agreed to this point before
acting based on the content of this whitepaper.

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