White Paper v1.0 RooCoin.com 26th April, 2021 FOR INFORMATIONAL PURPOSES ONLY Nothing in this paper constitutes an offer or solicitation to sell shares or securities in RooCoin or any related company. Table of Contents 1: Introduction Page 3 2: The Problem Page 4 3: Our Solution Page 5 4: Our Products Page 6 5: Tokenomics Page 7 6: Development Road map Page 8-9 7: Important Links and Support Page 10 FOR INFORMATIONAL PURPOSES ONLY Nothing in this paper constitutes an offer or solicitation to sell shares or securities in RooCoin or any related company. 1: Introduction RooCoin - Is a ‘charity-oriented’ token that's helping to support community causes across the world. It will change the direction of crypto philanthropy; it will become more transparent and ‘ethical’. We are building an entire eco-system, not only to give RooCoin longevity but to continue our community work for many years to come. Our Products will include: ● Cross-chain Decentralised Exchange ● Wallet Application ● NFT Marketplace ● Social Network Platform ● Community Charity Voting Application RooCoin is introducing ROO, a new cryptocurrency (BEP-20 Token) and smart contract ecosystem. We want to inspire individuals to embrace change, realise their potential, to support, develop and influence each other which will create positive ‘community-based’ decision making. Initially, all token transactions will incur a 1% transaction fee which is automatically sent toa safe charity wallet. Once our platforms are live, the 1% transaction fee on trading RooCoin will be switched off forever! Charity funds will then continue to be generated by taxing the transaction fees fromour broad product range. FOR INFORMATIONAL PURPOSES ONLY Nothing in this paper constitutes an offer or solicitation to sell shares or securities in RooCoin or any related company. 2: The Problem Generally, people would say that charitable causes are always a good thing, but not everyone. Some argue charitable causes can be inefficient, ineffective or corruptible even. Some people think causes can lead to terrible results even when the charity is set up with the very best of intentions. Charity may lead to favouritism, not fairness Charities, not unreasonably, choose to give to causes that appeal to them. But these are not necessarily the causes where there is the greatest need. Charity structure Most charities do great work, however due to bureaucracy and lack of transparency, the sectors credibility and confidence has been eroded in recent years. Problems with current charity structures include: • Inefficient, on average only 15-20% of donations actually get to the recipients. • The process is slow for recipients to receive funds. • Decisions are centralised and unaccountable to donors/fund raisers. • No transparency regarding the usage of donations. Charities often target symptoms, not causes When charities help the recipients with funds, it often doesn't do much to deal with the causes of their issues. This can only be solved by campaigning for short- and long-term continuous improvements which in turn will provide viable evolutionary solutions. FOR INFORMATIONAL PURPOSES ONLY Nothing in this paper constitutes an offer or solicitation to sell shares or securities in RooCoin or any related company. 3: Our Solution RooCoin seeks to change the existing charity environment using the power of cryptocurrencies and decentralising the decision process. Initially a 1% tax is applied to all trading transactions of RooCoin, which is sent automatically to a publicly viewable charity wallet. When our product eco-system is live, the tax will be turned off forever and instead our ‘network transaction fees’ will be taxed and sent to the same charity wallet. 100% of funds reaching the recipients Unlike other charity infrastructures, RooCoin will never use the funds in the charity wallet for operational costs. This means that 100% of generated funds, will reach the recipients that the community decides to support. Decentralised decision process Using the RooCoin platform, the holders will decide which causes receive support and funds. This removes the slow bureaucratic processes that exists in current charitable organisations. Transparency and accountability The charity wallet for RooCoin will be publicly viewable on the block chain so that holders are not only aware of the funds raised, but how the funds are being spent. Whenever donations are sent to recipients, the transactions are captured and added to the publicly searchable database on our website. This creates a level of transparency and accountability that doesn't exist in any current charity structures. Faster and cheaper fund transfer Once the community has decided on causes they want to support, funds are sent almost instantaneously and with much smaller transactions fees required by regular charity mechanisms - which means more money goes to nominated charitable causes (an added bonus!). FOR INFORMATIONAL PURPOSES ONLY Nothing in this paper constitutes an offer or solicitation to sell shares or securities in RooCoin or any related company. 4: Our Products RooCoin is designing an entire ecosystem of products to serve 3 purposes: • Provide solutions to technical limitations that currently exist in the crypto marketplace. • Generate a continuous stream of funds that drive our charity efforts. • Give our community the tools required, to embrace change, realise their potential, support and develop each other and engage in positive community-based decision making. Wallet Application ● Cross-chain support ● Passive staking NFT wallet that earns you tokens for holding your NFT assets on our platform. NFT Marketplace • RooNFT will be a P2P marketplace for the sale and trade of in-game assets, NFT art and NFT music collectables. Decentralised Exchange • Built-in liquidity locking option, which eliminates the need to search for where the liquidity is locked. • Anti-dumping technology is embedded into every pair so that program circuit breakers can temporarily set sell limits to stabilize trading and minimise price manipulation. • Front running bot-protection. • Low transaction fees (when compared to many other Dex's) • Cross-chain trading available. Social Network Platform • A web 3.0 app where members can seamlessly interact with people and communities. • The application will make the process of discovering, voting and donating to communities / people seamless. FOR INFORMATIONAL PURPOSES ONLY Nothing in this paper constitutes an offer or solicitation to sell shares or securities in RooCoin or any related company. 5. Tokenomics Allocation Only 400,000,000 ROO tokens will ever be created. RooCoin is a manually burnable token so not only is supply limited, but over time it will be reduced. 16% to be sold by RooCoin to presale purchasers. 11% will be added to liquidity on pancake swap along with 50% of the generatedBNB presale funds. This will be locked for 365 days. 10% is reserved by the Company to pay for development / advisory costs of ourproduct lineup. 6.5% is reserved by the Company to pay for legal / clerical costs associatedwith setting up our ecosystem. 30% is held for reserves and will be used for activities such as seedingexchange listings. 20% is reserved by the company to be utilised for our staking functionality. 5% will be utilised for the payment of ongoing marketing campaigns. 1.5% will be reserved for community competitions and airdrops. FOR INFORMATIONAL PURPOSES ONLY Nothing in this paper constitutes an offer or solicitation to sell shares or securities in RooCoin or any related company. 6: Development Roadmap May 2021 Phase 1 inception - Presale - First donation voting round at end of presale - Community Contests - Influencer Marketing - CoinGecko Listing - CMC Listing - First Exchange Listing - Merchandise June 2021 Phase 2 Expansion - More Donations - Website Improvements - Major Influencer Partnerships - Community Livestreams - RooCoin NFT Sale for Charity - Other Exchange Listings July 2021 Phase 3 Exchange Launch - MORE Donations - Launch of the Exchange - Building of Liquidity Pools - Expanding Exchange Features - Video Marketing Campaign - Staking Functionality - Further Exchange Listings August 2021 Phase 4 Wallet Application - MORE Donations - Launch of the Wallet Application - Further Expansion of Exchange Features - Implementation of the cross chain bridge - Continued Marketing Campaign - Seeking Partnerships in Preparation of NFT Launch Development Roadmap Continued September 2021 Phase 5 NFT Marketplace - MORE Donations - Implementation of our P2P marketplace for the sale and trade of NFT's - Integration of NFT Art to Wallet Application - Further Expansion of Exchange Features - Decentralised Charity Voting - Continued Marketing Campaign - First NFT Lotteries Q4 2021 Phase 6 Refining Our Product Line - MORE Donations - Incorporating all our Products into a Single Application - Mobile Application of our Products - Further Expansion of Existing Product Features - Social Network Platform for Holders - Continued Marketing Campaign 6. Important Links & Support RooCoin Website: https://roocoin.com Twitter: https://twitter.com/RooCoin Telegram: https://t.me/roocoincommunity Facebook: https://www.facebook.com/RooCoinOfficial Reddit: https://www.reddit.com/r/roocoincommunity Whitepaper v1 RooCoin.com
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