Category: Recently Added Whitepapers

iFinex Inc. (iFinex), a privately-held financial technology company incorporated in the British Virgin Islands, operates virtual currency trading platforms under the business name Bitfinex, and provides numerous other cryptocurrency and cryptoasset-related products and services.

This whitepaper introduces the initial offering of a new utility token, LEO, for use on Bitfinex and other iFinex trading platforms. LEO has been created with the iFinex and crypto community at heart and in mind. LEO presents a sizeable opportunity for existing iFinex users and those who wish to use iFinex’s platforms and services. A special purpose subsidiary of iFinex intends to sell up to USDt 1 billion worth of LEO tokens.

This document will outline in detail why we proudly invite friends of iFinex who meet the qualification requirements included in the Token Purchase Agreement to purchase LEO tokens, what this entails, and how it is a natural extension of our community ethos.

Introduction
iFinex started its operations in 2012, initially operating under the Bitfinex brand, making it one of the longest-standing exchanges in the industry. Since then iFinex, through its trading platforms, has become one of the best-known and recognized companies in the cryptocurrency space with a community of passionate entrepreneurs, idealists and technologists that have together created one of the best growth stories in our industry.

Our guiding principle has always been innovation for progress. We are known for building industry first products and tools that accelerate the blockchain promise of freedom and scalability set out in the original Bitcoin WhitePaper, “Bitcoin: A Peer-to-Peer Electronic Cash System,” released in 2008.

We also believe the best innovation and biggest progress comes from opening our doors to the community, which is why we are dedicated to education and open-source development within the cryptocurrency space.

Developing for innovation is a critical element of progress within cryptocurrencies, but driving adoption is equally important. We maintain that the best chance of increasing adoption of cryptocurrency is fiat currency cash flow—increasing the speed and ease by which fiat currencies can be exchanged for cryptocurrency in a legally-compliant manner.

We do not dispute that the end goal of cryptocurrencies is to displace the place of fiat in our lives, but we believe that achieving these goals will only be possible after the ecosystem has developed and matured. Moreover, investment from outside the industry needs to reach the many vital projects that are working hard to improve and scale the technology.

For this reason, Bitfinex fights to defend the use of an independent fiat gateway. We are humbled and incredibly grateful that so many of our customers and community members share our approach and ethos and have actively supported us through times of adversity.

Here we share an opportunity to stand together, united in our vision for the future of crypto

Bitfinex Whitepaper Leo Token

The Spider Coin (SPDR) was created to be a payment means for the services of the Spider VPS Project. But it is more than that – it is also a solid investment asset. The practical use case will give SPDR market supports against severe price dumps, as coins will be bought out by the users of Spider VPS. Therefore, running a Masternode or staking SPDR will generate you passive income and/or the funds to use our services! Imagine that you can host the Masternodes of all your coins on a VPS you can pay for with one of these coins! The initial investment is likely to be paid off multiple times quickly. And in case you don’t have much money to spare, the SPDR coin has a hybrid consensus type – so you can mine it!

The blocks of SPDR are generated using POW and POS simultaneously. While the POW rewards go to miners, the POS rewards are divided between the operating Masternodes and coin holders. The POW/POS reward ratio is dynamic and changes through time. The carefully elaborated economic basis helps to maintain balance of the interests of both miners and investors in the long run.

The proof-of-work (POW) concept means that the participants of a cryptocurrency network must solve complex cryptographic problems in order to generate (mine) valid blocks to be added to the blockchain. Commonly, the difficulty of these problems is automatically regulated so as the number of blocks added to the chain is almost the same on the daily scale, regardless of the computing power of the whole network of miners.

The proof-of-stake consensus also uses cryptographic calculations to generate blocks. However, its difficulty is determined not by the total amount of operations per second performed by all operating hardware (such as GPUs) as in POW, but by the total amount of coins locked for staking. This greatly reduces the environmental impact of a cryptocurrency, as the required amount of electric power for POS is negligible compared to POW. However, both types of consensus have their advantages and drawbacks. Spider Coin uses POW and POS in order to give benefits to miners and coin holders altogether.

A Masternode is a coin network node that performs specific functions and requires a certain deposit of coins to be operational. For their service functions (e.g. the broadcast of instant transactions), Masternodes are getting paid a portion of block reward. Therefore, a Masternode can be viewed as an investment instrument. SPDR Masternode owners receive passive income which can be either sold on an exchange, used to pay for Spider VPS services, or to stake coins and even create more Masternodes to get more profit!

To provide extra transparency of operation of Spider VPS services and to make them suitable for use with legal entities, we will develop and implement smart contracts to the Spider Coin code.

A smart contract is a computer code running on top of a blockchain containing a set of rules under which the parties agree to interact with each other. If and when the pre-defined rules are met, the agreement is automatically enforced. The smart contract 6 code facilitates, verifies, and enforces the negotiation or performance of an agreement or transaction. It is the simplest form of decentralized automation.

Example. Suppose you rent an apartment and make a pre-payment in cryptocurrency. You get a receipt which is recorded in the virtual contract; the owner gives you the digital entry key which comes to you by date specified in the contract. If the key doesn’t come on time, the blockchain releases a refund. If the key is sent before the rental date, the function holds both the key from you and the rental payment from the owner until the specified date. The system works on the If-Then premise and is witnessed by hundreds of people, so you can expect a faultless delivery. If the owner gives you the key, he is sure to be paid. If you send a certain amount of funds, you receive the key. The document is automatically cancelled after the defined time, and the code cannot be interfered by either of the parties without the other one knowing since all participants are simultaneously alerted.

SpiderVPS_WhitePaper_ENG

We are creating an online multiplayer sandbox game where players must use skill and intelligence to harvest resources, trade with other players, and survive in a hostile apocalyptic environment. DECIMATED is an online multiplayer sci-fi survival game which we are developing in Unreal Engine 4 and SpatialOS to achieve this massive scale, and meaningful persistence.

There are two factions of players: human citizens and cyborg cops, both of whom are played by real people.

We are using blockchain technology to manage in-game trading, digital scarcity and ownership of virtual items, which will be stored in a digital wallet on the players’ smartphone. Our digital token is called ÐIO and can be earned or scavenged in-game, used to buy, sell or trade virtual items, upgrades and customizations.

DECIMATED will incentivize exploring and scavenging the environment, looting, missions and working for reward. Players can compete against each other, or cooperate to complete objectives and perform jobs in-game – as good citizens, or rogue citizens. All virtual items from clothing, weapons, construction equipment and technology will have value on the market, and can be traded with other players or in virtual shops.

Decimated Website
Decimated Whitepaper

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