CNN WHITEPAPER Background and Introduction Application of Blockchain Technology Application of DeFi Technology Application of Metaverse Technology Project Vision and Plan Project Organization and Governance Structure Team Introduction and Background Technical Architecture and System Design Economic Model and Token Design Community Building and Ecosystem Development Roadmap Table of Content When it comes to blockchain, Web3, metaverse, and DeFi, we are not just talking about simple terms, but rather some of the latest and most cutting-edge technologies and development trends in the modern digital economy and finance. Here are some more detailed explanations. BACKGROUND The core feature of blockchain is decentralization, replacing centralized institutions or groups of institutions that control the network with distributed consensus algorithms to maintain network security and reliability. In blockchain, each block contains a series of transaction records and transaction verification information, and these blocks are linked together to form an immutable blockchain. BLOCKCHAIN Blockchain is a decentralized, distributed, encrypted, and secure database technology. As a new technology invented by the creator of Bitcoin, Satoshi Nakamoto, it enables direct transmission and exchange of digital assets between users without relying on intermediary services from traditional financial institutions. Web1 In the early stages of the Internet, it was mainly centered around web pages, providing static content such as text and images. Applications were controlled by a few companies and developers, lacking the decentralized spirit of the Internet. This one-way information flow made users feel less engaged. Web2 The second stage of the Internet, during which applications were mainly controlled by large technology companies that could collect and store user data, thereby establishing a data monopoly advantage. Web3 The third stage of the Internet, which is built on top of blockchain and decentralized technology, aims to realize a decentralized, secure, and self- controlled network. Web3's technological iteration and updates ensure secure data exchange and information sharing between users, protecting users' privacy and data security. In addition, it can also support the trading and communication of various digital assets, including cryptocurrencies, digital art, game assets, etc. In the Web3 era, users will have more autonomous control over their data and information, and have more freedom to control their digital assets, thus holding the value and initiative in their own hands. Web1, Web2, Web3 Potential of Web3.0 Firstly, Web3 technology can support more decentralized applications and protocols, allowing users to have more autonomous control over their data and information. Web3 technology is expected to become an important infrastructure for the digital economy and digital asset transactions. With the continuous development of the digital economy and digital assets, Web3 technology is expected to become one of the main channels for digital asset transactions and communication. In the Web3 era, users can use digital assets for trading and borrowing, and can also earn rewards by providing liquidity. These digital assets can be cryptocurrencies, digital art, game assets, and more. In the Web3 system, the trading and communication of these digital assets are realized through smart contracts and blockchain technology, ensuring security, decentralization, and automation. It can be seen that Web3 technology has broad application prospects and development potential. With the continuous development and promotion of Web3 technology, it is expected to become the infrastructure for the next generation of the Internet, driving the development of digital asset transactions, decentralized applications, and innovation, thereby promoting the vigorous development of the digital economy. Metaverse Metaverse technology has been widely used in various fields, including games, art, real estate, tourism, and more. The concept of the metaverse has attracted a lot of attention because it represents a new virtual world that allows people to create and communicate more in the digital domain. In the metaverse, users can trade and purchase virtual assets using cryptocurrencies and other digital assets, as well as engage in virtual interaction and communication with other users. Metaverse technology is also considered a new trend in the development of digital assets and the digital economy. In the metaverse, users can create and control their own digital identities and assets, which can be used for trading, investing, storing value, and more. With the continuous development of digital assets and the digital economy, metaverse technology is expected to become one of the main platforms for global digital asset trading and communication. DeFi DeFi is a decentralized financial system built on top of blockchain technology that enables automation and decentralization of financial transactions and services. DeFi provides decentralized lending, trading, savings, insurance, and other services without the need for intermediary services from traditional financial institutions. DeFi allows users from around the world to participate in financial transactions and services, from individual users in developing countries to large institutions worldwide, all of whom can engage in financial activities in the DeFi system. The emergence and development of DeFi reflect the questioning of traditional financial institutions and centralized financial systems, providing a new, more open and democratic financial system. DeFi transactions and services are based on smart contracts and blockchain technology, which can ensure the security, decentralization, and automation of transactions. In the DeFi system, users can trade and borrow using digital assets, as well as earn rewards by providing liquidity. The emergence and development of DeFi reflect the questioning of traditional financial institutions and centralized financial systems, providing a new, more open and democratic financial system. DeFi transactions and services are based on smart contracts and blockchain technology, which can ensure the security, decentralization, and automation of transactions. In the DeFi system, users can trade and borrow using digital assets, as well as earn rewards by providing liquidity. INTRODUCTION INTRODUCTION The CNN project is an innovative project that builds a new metaverse ecosystem with Web3.0 at its core. Based on a new technology background, the project aims to create a global DeFi alliance and CNN international community to contribute to the development of the digital economy. The project will deeply integrate advanced technologies such as blockchain, DeFi, and metaverse to create an open, decentralized digital economy ecosystem that provides users with secure, efficient, and convenient digital asset trading, financial services, and social interaction. The background of the CNN project is the rapid development of the digital economy and digital asset trading. With the emergence of digital assets and the rapid growth of the digital economy industry, digital asset trading and management are facing increasing demands for security and convenience. At the same time, traditional finance and social media platforms are becoming less relevant, and there are issues of security, transparency, and lack of autonomous control in digital asset trading and management. Therefore, the CNN project has emerged, aiming to provide more secure, efficient, and convenient solutions for digital asset trading and management. The CNN project will use Web3.0 technology to create an open, decentralized digital economy ecosystem. This ecosystem will be widely involved in and deeply integrated with blockchain, DeFi, and metaverse, providing users with digital asset trading, financial services, and social interaction functions. By using CNN project services, users can trade, manage, and socially interact with digital assets more securely, efficiently, and conveniently, realizing the appreciation and exchange of digital assets. The vision of the CNN project is to become one of the main platforms for global digital economy and digital asset trading, providing a more open and democratic digital economy for global users. Application of Blockchain Technology Blockchain technology is one of the core technologies of the CNN project. The project uses blockchain technology to achieve decentralized management and secure transactions of digital assets. Specifically, the CNN project uses blockchain technology to create an open, decentralized digital asset trading platform that provides users with secure, efficient, and convenient digital asset trading services. The platform utilizes blockchain technology to achieve autonomous control, security, decentralization, and traceability of digital assets. By using the platform, users can trade and manage digital assets more securely and conveniently, realizing the appreciation and exchange of digital assets Application of DEFI Technology DeFi technology is also one of the core technologies of the CNN project, and is widely used in the provision of decentralized financial services. The CNN project uses DeFi technology to provide users with decentralized financial services and applications, including decentralized lending, trading, mining, and other services. Specifically, the CNN project uses DeFi technology to create an open, decentralized digital economy ecosystem that provides users with comprehensive decentralized financial services. The ecosystem utilizes smart contracts and decentralized trading protocols to achieve decentralized trading and financial services for digital assets. By using the ecosystem, users can more conveniently and securely engage in digital asset lending, trading, savings, and insurance, realizing the appreciation and exchange of digital assets. Application of Metaverse Technology The metaverse ecosystem of CNN project will be an open, diversified, and fun digital economic ecosystem. This ecosystem will provide users with all-around digital asset communication, social interaction, and virtual experience, bringing new momentum and vitality to the development of the digital economy. Through using the metaverse ecosystem of CNN project, users can communicate and socialize with digital assets more openly, democratically, and freely, achieving the appreciation and exchange of digital assets. In addition, CNN project will develop more metaverse applications, including virtual games, virtual social, virtual malls, and so on, to provide users with more diversified and interesting digital asset experiences. Among them, virtual games will become an important application of CNN project. Users can experience diversified and highly interactive game content in virtual space, adding fun and vitality to digital asset communication and social interaction. In addition, virtual social and virtual malls will also become important applications of CNN project. Users can create their own digital identity and digital assets in virtual space and interact with other users, achieving the appreciation and exchange of digital assets. CNN Vision and Plans CNN's vision and future development direction will focus on building a high-quality DAO community, integrating industry resources, empowering smart asset appreciation with smart contracts, integrating online and offline resources to create more value, and reaping exclusive custom financial solutions. Specifically, CNN will advance its future development through the following key points: Aggregating global consensus: CNN will aggregate global consensus and establish a high-quality DAO community to provide strong support for the exchange and appreciation of digital assets. Through global consensus building, CNN will achieve decentralized management and smart appreciation of digital assets. Integrating high-quality industry resources: CNN will integrate high-quality industry resources to provide users with all-round digital asset exchange, social interaction, and virtual experience. By integrating high-quality industry resources, CNN will achieve globalization and diversification of digital asset exchange. Empowering smart asset appreciation with smart contracts: CNN will use smart contract technology to empower smart asset appreciation and provide users with more secure, efficient, and convenient digital asset trading and management services. Integrating online and offline resources to create more value: CNN will create more value for digital asset exchange and social interaction by integrating online and offline resources. Through the integration of online and offline resources, CNN will achieve all-round and multi-dimensional digital asset exchange and social interaction. Reaping exclusive custom financial solutions: CNN will provide users with exclusive custom financial solutions to provide all-round support and services for the exchange and appreciation of digital assets. Through exclusive custom financial solutions, CNN will achieve personalized and intelligent digital asset exchange and social interaction. Through the continuous advancement of the above measures, CNN will become a global leading digital asset ecosystem, providing global users with more open, democratic, secure, efficient, and convenient digital economy and digital asset trading services, and promoting the development and innovation of the digital economy. In addition, the project has received support from nearly 50 ground promotion studios, with early contributors who have a high degree of project identity and participation, creating a super-strong user stickiness foundation. Moreover, project partners come from deep participants and contributors in various industries, with a cumulative influence of 50 million people and over 200 years of cumulative involvement in the finance and blockchain industry, as well as a strong financial background and market driving force to promote the project's strong proliferation. PROJECT DAO The organizational and governance structure of the CNN project adopts the model of decentralized autonomous organization (DAO), which uses blockchain technology to achieve secure management and decentralized autonomy of digital assets. Through decentralized autonomy, the CNN project will ensure the fairness and transparency of project decision-making, while achieving efficient management and collaborative development of digital assets. Specifically, the CNN project will establish a DAO community committee, which will be elected by voting by holders in the project community, and whose main responsibility is to vote and make decisions on major decisions of the CNN project. The DAO community committee will strictly follow the CNN project's vision, development direction, and governance rules to make decisions and supervise the project's operations, development, and marketing. In addition, the DAO community committee will also provide strategic guidance and technical support for the project to promote the development and innovation of the CNN project. Additionally, CNN project will establish technical, operational, and marketing teams to provide comprehensive technical support, operational management, and marketing for the project. These teams are composed of professionals and experienced practitioners from various industries, who have rich experience and professional knowledge to provide strong support and guarantees for the development and operation of CNN project. In summary, the organization and governance structure of CNN project is based on the model of decentralized autonomous organization (DAO), which achieves safe management and collaborative development of digital assets through democratic and transparent means. CNN project is committed to building a decentralized, open, democratic, safe, efficient, and convenient digital asset ecosystem, promoting the development and innovation of the digital economy. TEAM INTRODUCTION - Farrell ， CEO An innovative entrepreneur, skilled in managing technical talent and developing blockchain ecosystems, with years of leadership experience and involvement in multiple industries. Known for simplifying operations and achieving visible project growth. - Jack ， COO With over six years of experience in the blockchain industry, Alvin manages and supervises all marketing, growth strategy, and partnership decisions, including establishing new alliances with outstanding corporate partners, while ensuring relationships with ecosystem partners are maintained and accelerated. - Rebecca ， CMO With over ten years of professional marketing experience in blue- chip companies, Rebecca is a long-time advocate, investor, and enthusiast of cryptocurrency. She strategically interacts with grassroots communities by providing modern marketing solutions for project growth. - Robert ， CTO With nearly 10 years of technical experience and 5 years of blockchain development experience, Robert combines his expertise in artificial intelligence, machine learning, the Internet of Things, and augmented reality with blockchain technology. The technical architecture and system design of the CNN project aim to achieve efficient, secure, and decentralized management and exchange of digital assets, providing comprehensive digital asset trading services and innovations. The CNN project will continue to explore new technologies and directions to contribute to the construction and development of the digital asset ecosystem. Furthermore, by introducing innovative technologies and applications such as NFTs, metaverse, and games, the CNN project will bring more possibilities and value to the application scenarios of digital assets and provide users with a more diverse and rich experience in digital asset trading and management. The CNN project is committed to building a decentralized, open, innovative, and vibrant digital asset ecosystem, contributing to the development of the digital economy and the construction of digital civilization. Layer Description Bottom Layer (Blockchain) The public chain serves as the underlying technology support, realizing the secure management and exchange of digital assets. Smart Contract Layer Smart contracts are used to manage and exchange digital assets, ensuring transaction security and reliability. NFT Layer NFT technology is used to achieve the uniqueness and non- fungibility of digital assets, bringing more innovation to the application scenarios of digital assets. Decentralized Storage Layer Technologies such as IPFS are used to efficiently manage and share data, ensuring the security and scalability of digital assets. Network Communication and Data Management Layer P2P technology and distributed database technologies are used to ensure the efficient management and sharing of digital assets. AI Intelligent Asset Management and Risk Control Layer AI and other technologies are introduced to achieve intelligent asset management and risk control, providing more reliable support and protection for digital asset trading. Tokenomics Buy tax: 4% Sell tax: 4% LP Bonus: 2% NFT: 0.5% Talent fund: 0.5% Operating sponsorship: 1% To achieve decentralized, secure, and sustainable digital asset trading and management, CNN Token has designed the following tax mechanism: The tax distribution is as follows: This tax mechanism design can incentivize holders to hold CNN tokens for the long term while ensuring the sustainable development of the project.