White Paper

01We

Don't give up on dreams!
Let the sky be more free.
PATHFINDER

Based on that corporate message, we bring regenerative value to the community.
Not only do we develop demand for tourism and business, but we also expand airport management,
aviation, and airport-related businesses in the region.
Furthermore, as a new regional aviation style, we collaborate with other regional airlines,
provide various support, share management know-how, and support business improvement.
While Toki Air operates and serves between 400,000 and 500,000 passengers annually,
we do not limit ourselves to merely being a means of transportation.
We create synergistic effects between regions and promote regional revitalization
with a free-spirited approach.

To achieve this, it is important to build a network of fans across a wide range of demographics.
We have established "CLUB TOKI" as a platform for communication.
Additionally, within "CLUB TOKI," we issue TOKI AIR NFT and construct a digital infrastructure
to deliver a new style of regional airline to everyone.

02

Purpose"CLUB TOKI" is a fan community that responsible to share
the appeal of Niigata with TOKI AIR.
We want to energize regions throughout Japan through web3 and airlines!
An airplane is a symbol of dreams and adventure.
We are not just an airline that flies planes.
Through transporting people and goods to desired destinations whenever needed,
we aim to create new encounters and interactions, revitalizing the destination.
"CLUB TOKI" is an innovative, participatory fan community that utilizes NFTs,
allowing you to fully experience the allure of airplanes.
Moreover, we will create new ways of enjoyment together with our members.
By connecting "CLUB TOKI" and regional resources using NFT technology,Using NFT technology, we will connect "CLUB TOKI" with local resources and create various featuresThat will enable visitors to enjoy the charm of Niigata even more when they visit using airplanes.
As the "CLUB TOKI" community expands, the region will revitalize, and our members will have more fun.
Please come and experience this groundbreaking system.

03

Local issues

The concentration of resources in Tokyoand the declining financial power of regional areas areserious issues.
The population concentration in Tokyo is progressing, and approximately 30% of Japan's total population isconcentrated in only 0.6% of the land area.
As a result, depopulation of regional areas is becoming more severe,and the regional economy is in danger of stagnation.
As the population declines, regional finances outside major metropolitan areas are facing a challenging situation.
The number of vacant houses and lands is increasing haphazardly,
making it difficult to maintain residents' livelihoods, healthcare, administrative services, and social infrastructure.

Furthermore, declining convenience in daily life, decreased productivity in service industries,
and inefficiency in administrative services are progressing.
As a result, potential issues such as deterioration of public safety and living environments,
the survival crisis of communities, and increased disaster risks are present.

We not only aim to establish real infrastructure through airline operations
but also contribute to the revitalization of regional and local areas
through digital infrastructure utilizing web3 (NFT).

04

Why do we utilize NFTs?

We aim to create a community environment that leads toregional revitalization, where members from all over the world
can enjoy and interacting with airplanes.
The reasons for operating this community are as follows:
We want anyone to participate in the operation permissionlessly,regardless of nationality, age, race, gender, etc.
We want each member to actively and voluntarily participate.
We want to share the joy with our members and the community,
rather than just a few people benefiting from it
We want to operate our organization with a high level of transparency.

As evangelist for CLUB TOKI, We aim to nurture the awareness of
NFT CREW (NFT holders).
Furthermore, our goal is to enable NFT CREW members itself to actively send out
messages. As a result, we have determined that an NFT community is
the ideal environment for this purpose.

05

What is NFT & how to Integrate

By purchasing NFT art, you will become a memberof the TOKI CREW and can participate in the core activitiesof the community.

We offer NFT art that reflects the beauty of Japan's skies,
the charm of its regions, and the enjoyment of airplanes.
By holding NFT art, you can enjoy a variety of benefits to further
enhance your enjoyment of airplanes.

As an NFT art holder and member of the "TOKI CREW",
you can participate in the central activities of the community.
For more details, please refer to "06. Holder Benefits.

06

Holder Privileges※Registration on Discord is required.

Limited-time : Benefits before Inaugural Flight
Priority purchase rights for
TOKI AIR's inaugural flight tickets※Due to limited seating, a lottery will be held.

Participation in ground training conducted
before the commencement of flight operations※Depending on the situation, the tests may be conducted after the start of operations.
A lottery may also be held in some cases.

more to come...

Benefits such as priority rights

Priority participation rights
for special events
Event examp l es

Aerial photography workshops at special locations

Exclusive purchase rights for NFT CREW
limited-edition MA-1 replica jackets※As there are a limited number available, a lottery may be held.

Priority purchase rights forlimited edition TOKI AIR merchandise

Operation room experience

Regional revitalization events

Receiving special NFT

etc…

Participation in a special community
Information exchange
among NFT holders

Announcements forlimited eventsParticipation in voting events

What kind of TOKI AIR
merchandise would you like?

※The benefits will be offeredon an irregular basis.

more to come...
※You will be invited to various rooms set up within Discord.

Providing information on
training flight schedules
and more
Ideas for invigorating
the region

Desired future
destinations

Applying to submit comments
for the captain's announcement

Participation in a talkinvolving TOKI AIR’s staff
more to come...

07

Roadmap

CLUB TOKI
04.26 START
2023

2023

06

TOKI AIR NFT
05.31 Sales start2023

We plan to holda ground-baseddemonstration test event.

2023

Secret Event
08-09 Scheduled to be
held
2023

TOKI AIR Launches

06.30 (Scheduled)2023

10-2024-

Sado Airport
Special Lounge
Opening (Planned)

Niigata Revitalization
Meeting Begins

08

Blockchain Selection & NFT Supply

Utilization of the Ethereum Blockchain

Ethereum has gained the trust of many people since its inception
as an excellent decentralized platform that executes smart
contract applications as programmed without the possibility of
downtime, censorship, fraud, or third -party interference.
This application is a powerful shared global infrastructure thatcan move value and represent ownership of property on acustom-made blockchain. This allows developers to create
markets, store transaction and contract information, move funds
according to past instructions, such as wills or future contracts,and do many other things not yet invented, all without
intermediaries or transaction risks.
In September 2022, Ethereum completed a major update called"The Merge." This update transitioned Ethereum's blockchain
consensus algorithm (native token ETH, ether) from the energy intensive PoW (Proof of Work) to PoS (Proof of Stake). Thistransition reduces energy consumption by more than 99.9%.
Furthermore, PoS is faster and more scalable than PoW, allowing
it to process many transactions per second. This direction ofEthereum aligns with our goal of becoming an "environmentallyfriendly airline" that achieves low fuel consumption and CO2
reduction, improving the environment.
We plan to limit NFT supply to 10,000 to maintain exclusivity
while ensuring the quality of the benefits offered.

ERC-721A Smart Contract Token
Standard and IPFS Data Storage
ERC-721A is a more complex standard than ERC-20, with multiple
optional extensions and several separate contracts. For example,
ERC-20 is an alternative token used for cryptographic calculations,and it is not suitable for situations where some items, like real estateor collectibles, are valued higher than others due to their utility or
scarcity. ERC721A is a standard for representing ownership of non fungible tokens, with the characteristic that each token is unique.
To improve the decentralized system of NFT art, we plan to use IPFS
data storage. IPFS stands for Interplanetary File System, which is a
distributed file storage protocol that allows computers worldwide tostore and provide files as part of a massive P2P (peer -to-peer)
network. Anyone can download the IPFS software on their computerand start hosting and providing files.
When someone runs IPFS on their computer and uploads a file to theIPFS network, that file can be viewed or downloaded by anyone elserunning IPFS around the world. Even if the content's source
disappears, the content remains available on the network as long as
the users who own it continue to host and distribute it.
Furthermore, IPFS does not use URLs to point to content -serving
servers; instead, the content itself serves as a hash, fulfilling the roleof a URL. For example, when distributing a file on IPFS, a hash basedon the content, like "hello-world.txt," is assigned. The assigned hashremains the same when other users request the corresponding fileand cannot be altered. This is a crucial element for protecting therights and originality of NFT art. If the content is modified, the hashchanges as well.