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BinfinityWherecapitalmarketsmeetdigitalassets

BINFINITY WHITEPAPER - 2 ⌷

AbstractTheincreasingmarketcapitalizationandtheoutsizedmarketreturnsofcryptocurrencieshave attracted a significant number of retail and institutional traders to thecryptocurrencymarket. Tomeet this demand, hundredsof cryptocurrency exchangeshavelaunchedglobally. Whilesomeoftheseexchangeshavebeensuccessfulmeasuredbyvolumeorapparentprofitability,theylackcharacteristicsthatonewouldexpectinmaturecapitalmarkets.Manyareveryopaqueonthestateoftheirbusinesses,donotfullydiscloseoperationaldetailsorevenwheretheyarelocated.Theirbankingrelationships,ifany,arefraught.Eventhelargestexchangesfacetechnicalissuesandchallenges,andfewadheretoanyspecificservicelevelsorregulations. Thiscreatessignificantuncertaintyforusersaroundthereliability,longevity,security,andfairnessoftheseexchanges;particularlyforinstitutionalinvestorswhoareheavilyregulatedand,forthesereasonshesitanttofullyenterdigitalassetmarkets. In order to solve this problemBinfinity seeks to create a comprehensively regulatedworld-class,institutional-gradedigitalassetmarketplace. Inadditiontoconventionalretailtradingtools,theBinfinitypioneersinstitutionallow-latency direct market access (DMA) and advanced order types, coupled with fullytransparenttradingrulesandsubstantialriskmanagementcontrols.Themarketplaceisfullydevelopedandfunctional.Dependingonmarketevolutionanddemandinthefuture,Binfinitymayproposecomplementaryservicesincludingissuanceofrealestatebackedsecurity tokens, margin trading and trade financing, derivatives, synthetic liquidity,liquidityaggregation,andbenchmarkindexes. Builtforthemostdemandinginstitutionsintheworld,yetopenforall,Binfinityisthenewstandardincryptocurrencyexchanges.


ContentsAbstract.........................................................................................................................................2

1. TheBinfinityMarketplace..............................................................................................4

2. Functionality......................................................................................................................5 2.1 RegulatoryCompliance&Transparency........................................................................................6 2.2 Marketplace..................................................................................................................................................8 2.3 ClientServices..............................................................................................................................................9 2.4 Secure...........................................................................................................................................................10

3. TheTechnology..............................................................................................................11 3.1 Binfinity’stechnologystack...............................................................................................................11 3.2 SystemArchitecture..............................................................................................................................12 3.3 Performance..............................................................................................................................................12

4. BinfinityCoin...................................................................................................................13 4.1 BFCMembershipTiers&AffiliateReferralRewards............................................................13 4.2 BFCDiscounts...........................................................................................................................................14 4.3 BFCCirculatingSupplyControl........................................................................................................14 4.4 BinfinityChain..........................................................................................................................................14

5. Roadmap...........................................................................................................................15

6. Team..................................................................................................................................16 6.1 Experience..................................................................................................................................................16 6.2 Founders......................................................................................................................................................16 6.3 Managementteam..................................................................................................................................18 6.4 Advisors.......................................................................................................................................................19

7. Competition.....................................................................................................................21

8. Financials.........................................................................................................................22 8.1 EPTTokenomics......................................................................................................................................23

9. Termsandconditions...................................................................................................25

10. Disclaimer........................................................................................................................33


1. TheBinfinityMarketplaceAttheheartoftheBinfinitymarketplaceisthecryptocurrencytradingplatformrobustenough to handle the demands of institutional traders, accessible to all. BinfinityMarketplace launched its services in May 2019 for a limited number of clients byinvitationonlyandwillbeavailabletothegeneralpublicinselectedjurisdictionspostICO.Featuresoftheplatforminclude:

• HighPerformance–AsingleBinfinitymatchingengineinstancecanhandleover2,000,000transactionspersecondwitha10µsresponsetimeacrossanumberofinterfaces includingWebSockets (REST)andDMA(OUCH ITCH).The exchangeprovideslevel3(depthofbook)marketaccessandoptionalco-locationfacilities.

• Compliant&Transparent–theBinfinity’sMarketplacerelatestotwohubs,onein Switzerland (Binfinity AG) and one in Australia (Binfinity Securities Ltd).Binfinity is proactively adopting best practice compliance and risk standards.Binfinity’stradingrulesaretransparentandpatternedafterregulatedlimit-order-book matching exchanges. Binfinity AG is an authorized Swiss financialintermediary, member of VQF 1 , a Swiss self-regulatory organization (SRO).BinfinitySecuritiesLtd,awhollyownedAustraliansubsidiaryofBinfinityAG,hasa comprehensive financial services license and has oversight byAUSTRAC2forKYC/AML.

• AFull-serviceplatform–Binfinitywill launchwithsupport forbothFiat anddigitalassets.Postlaunch,Binfinitywillworkwithreal-estateassetmanagerstocreate security tokens backed by commercial real-estate cash flows therebybringingliquiditytoilliquidmarkets.

• ClientFocused–theBinfinityMarketplacehasbeenbuilttoprioritizesupportforallmarketparticipants.BinfinityhasbuiltandstaffedanoperationinBarcelona,Spain to handle client services, trade services, and operations. Our teams arestandingbytosupportclientsviaemail,livechatandwebformsinanumberoflanguages.

• Secure-AcoretenantoftheBinfinityMarketplaceisthesecurityofitstradingplatform. Binfinity has adopted the CryptoCurrency Security Standard (CCSS)levelIII,theNewYorkDepartmentofFinancialServices(NYDFS)“CybersecurityRequirements for Financial Services Companies” (23 NYCRR 500), NIST 1.1,OWASP,PCIDSS,andCWEmodels.Binfinityusessecuredmulti-sigcoldstorage,AES-256 encryption, up to three-factor authentication and the latest in DDOSProtectionandaMulti-layeredfirewall.

1VQF:VereinzurQualitätssicherungvonFinanzdienstleistungen2AUSTRACAustralianTransactionReportsandAnalysisCentre


2. FunctionalityTheBinfinitymatchingengineisderivedfromRaptor™3aprovenplatformlicensedfromFusionSystemsLtd.Theultra-low-latencymatchingengineacceptsmessagesviaRESTAPI or institutional directmarket access (DMA) protocols. Supportedorder types aresummarizedinthetablebelow.

Supported

Order

Types

• Market/Limit/LimitifTouched/MarketifTouched• Stop/StopLimit• BestLimit/BestLimitiftouched

Supported

Instructions

• Good-Till-Cancelled(GTC)• Good-Till-Date(GTD)• Immediate-or-Cancel(IOC)• Fill-or-Kill(FOK)

Consideredforlaterexpansionuponmarketevolutionanddemand4

• Bracket/Triggered• Market-to-limit• Pegged(Market/Primary/Mid/AggressiveMid)• Snapped• Dark• SmartRouted• Reserve(Block:Dark+Reserve)• Discretionary• OCO• Exchange-hostedAlgos(programmablebyparticipants)

3FouroftheGreenwichAssociatesTop10inAsianEquitiesandListedDerivativesuseRaptorforhigh-speedelectronictradingandpre-traderiskmanagement.Theseincludetheworld'slargestandmostsophisticatedusersofelectronictradingtechnology

4specificcomplementarytypesofordersbasedoncurrentavailablefunctionality


LiquidityAcriticalsuccess factor foranyexchange,Binfinitywillattract liquidityusingamulti-prongedstrategy:

• PublicICOalongwithcommunityengagementofindividualtraders• Providing a self-regulated marketplace to attract market makers that will

maintainatwo-sidedorderbookontheexchange• FacilitatingtradeinbothFiatandcryptocurrenciesonasingleplatform• Digitalassetissuance(e.g.securitytokensbackedbyrealestate)

Thedepthandbreadthof the foundingteamwillbe instrumental inbringing liquidityontotheplatformandretaininghigh-qualityflowonanongoingbasis.

2.1 RegulatoryCompliance&TransparencyThephilosophyofBinfinityistoembraceregulationtoprovideaplatformthatissafeforallparticipants.Wearebuildingforlong-termsuccess.

2.1.1 RelevantLegalEntitiesandRegulatoryGovernanceSwitzerland: Binfinity AG is a public corporation incorporated under the laws ofSwitzerland.ItisamemberofVQF(membershipNo100606),aFINMAapprovedself-regulatoryorganizationforfinancialinstitutions.BinfinityAGistheissuerofanexchangeplatformtoken(EPT)calledBFC.TheBFCtokenisdescribedinsection4ofthisdocument.BinfinityAG is thedeveloperand licensorofdigitalassetmarketplacetechnologythatpowersBinfinity’sdigitalassetmarketplace.

Australia:BinfinitySecuritiesLtd.isanAustralianpubliccompanyandawholly-ownedsubsidiary of Binfinity AG. It holds Australian Financial Services License (AFSL No.298464) and has AML oversight by AUSTRAC. Binfinity Securities Ltd. uses themarketplacetechnologyofBinfinityAGandoperatesBinfinity’sdigitalassetmarketplace.

Spain:BinfinityITServicesSpainSLisincorporatedunderthelawsofSpainandhasitsprincipalplaceofbusinessinBarcelona.Itprovidesclientservices,onboardingassistance,andtradeoperationssupporttotheBinfinitygroup.

Binfinity has defined strong KYC and AML policies and implemented these policies.Furthermore, Binfinity employs tools to ensure that inbound deposits come fromuntaintedsources.

OrdersontheBinfinityMarketplacearematchedinanopen,transparentfashion,andafullaudittrailisavailabletofacilitateregulatoryinspection.


Monitoring&SurveillanceBinfinityadherestoCryptoCurrencySecurityStandard(CCSS5)levelIIIasdefinedbytheCryptoCurrency Certification Consortium CCCC6and the ISO 270017rules governinginformationsecurity.Binfinity’sMarketSupervisiondepartmentmayhaltthemarketifitdetermines thatmarket conditions or technical conditions impair the integrity of themarket.Insuchacase,aproductcanbesuspendedorinactivated.Furthermore,atradereversal & trade entry facility is available exclusively to market supervision. Suchmonitoringandsurveillancewillbeperformedby theoperations teamofBinfinity ITServicesinBarcelona.

ApproachtoInternalCompliance&ControlBinfinityhasadoptedpolicies&proceduresthatcover:

• Anti-MoneyLaundering/Anti-BriberyandCorruption• PersonalAccountDealing• ConflictsofInterests&InsiderListsandInformationBarriers• MarketConductandMisleadingStatements

Binfinityhasprovidedtrainingandguidancetoensureemployeescomplywiththeletterand spirit of all relevant laws, rules, codes, and regulations which govern financialservicesbusinessandvoluntary/internalrulesofthecompany.

PersonalDataProtection(PDP)Dataprotectionlawsapplytoinformationheldaboutnaturalpersonsinanyformat.Injurisdictionswheredataexchange is regulated/licensed, all specific laws& regulationwillapply.PDPrulesinclude,butarenotlimitedto:

• Dataheldaboutnaturalpersonsinanyformatistobeheldwithinthefirminfrastructureborders.Thisdataincludeswallet&clientfunds.

• Anydatacollectedvia3rdpartyserviceprovidersistobetransferred&storedinternally.

• Anyapplicationaccessingdatafromoutsidethecompanycannotsavethatdataexternally.

TransparentTradingRulesBinfinity will publish the matching rules governing trading behavior and has anautomatedtradesurveillanceenginetodetectandreportanyabnormalitiesthroughasystemofreal-timealertsandflags.Tradingdataispubliclyreleasedandauditedonaregularbasis.

5https://cryptoconsortium.github.io/CCSS/6https://cryptoconsortium.org/standards/CCSS7https://www.iso.org/obp/ui/#iso:std:iso-iec:27001:ed-2:v1:en


2.2 MarketplaceTheBinfinityMarketplace currentlysupports tradingof the followingbase currenciesandaltcoins.

BaseCurrenciesSymbol Currency Symbol CurrencyUSD USDollar BFC BinfinityCoinEUR Euro BTC BitcoinUSDC USDCoin ETH EthereumPAX PaxosStandard

ListedAltcoinsSymbol Currency Symbol CurrencyUSDT Tether ADA CardanoLTC Litecoin OMG OmiseGOEOS EOS DOGE DogecoinBCH BitcoinCash BAT BasicAttentionTokenXRP Ripple MONA MonaCoinTRX TRON XEM NEMETC EthereumClassic HOT HoloNEO NEO ZRX OxXLM Stellar PPT PopulousQTUM Qtum ONT OntologyTUSD TrueUSD

Additional coinsmay be listed based onmarket demand and availability of custodialsolutions.

AnalysisTools/MarketDataTheBinfinityMarketplacehasawide rangeof tools available to traders tobeable tofacilitateanalysisofmarketmovementsanddevelopments.Thesetoolsincludebuilt-intechnicalindicatorsaswellasprofessionalcharting,real-timemarketsignals,news,andalerts to facilitate fundamental analysis. These tools not only help clients define andexecute their tradingstrategiesbutalso identify critical risks likeabnormalpriceandorderbookbehavior.

Binfinitywillpublishawiderangeofmarketdata,coveringeverythingfromtick-by-ticktohistoricalstatics.Binfinity’sdatacanbeusedfortechnicalorquantitativeanalysisandthe development of historical and real-time trading models. The data is also madeavailable to ISV’s, third party information providers, market data vendors and ECNbrokers.


2.3 ClientServicesQualitysupportisawell-recognizedweaknessofmanyincumbents.Binfinityisfocusedon providing industry-leading client services and is structured to facilitate directcommunicationwithservicepersonnelasquicklyaspossibleusingtheclients’preferredcommunication channel. Support is provided by Binfinity IT Services in Barcelona.Binfinitystaffoperateallservices—nothingisoutsourced.WesupportEnglish,Spanish,French, ItalianandGerman from launchandwillroll outadditional language supportbasedondemandovertime.

All routes of query/engagement with Client Services can be directed to specialistresponseunitswhichcanbesttendtopeculiaritiesthatarise:

• KnowYourClient(KYC)• AccountAccess• Deposits/Withdrawals• Trading/Other

Dedicatedclient service toolsprompt subjectmatterexpertise to flowdown toClientServiceagents to facilitate timely, effective support.Binfinity’smanagement teamhasmanyyearsofexperiencesupportingtradingoperationsandarefullyawarehowcriticalsupportservicesaretothesuccessoftheplatform.Significantfocusisbeingplacedonourclientservicecapabilitytomakethetradingexperienceasseamlessaspossible.Clientservice channels are: WebForm, Chat, Telegram and email. Twitter and facebookchannelswillbeaddedbasedonmarketevolutionanddemand.

ProductionSupportTheBinfinityteamhasyearsofexperiencemanagingandoperatinginno-fail,high-risk,trading environments. All Incident Management, Problem Management, OperationalOversight (Security,BusinessContinuity/DisasterRecovery)andChangeManagementareexecutedatthedemandinglevelsofatypicalInvestmentBank.Productionsupport

ClientServices:LanguageRoll-out

2019 2020

Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May JunEnglishEUBusinessHours 12/7 24/7SpanishEUBusinessHours 12/7 24/7

French EUBusinessHours 12/7 24/7Italian EUBusinessHours 12/7 24/7German NA 12/7 24/7

Russian NA 12/7 24/7

Korean NA 12/7 24/7


respondstocyber,infrastructureandoperationalrelatedrisks,andtotheClientServiceteams’demandsthrough24x7globallydistributedcoverage.

TradingSupportA globally distributed team of professionals seeded with Fusion Systems’ mostexperienced Support engineers provide seamless 24/7 coverage. Automated TradeSurveillance using proprietary (algorithmic and machine learning) IP protect themarketplace fromobviousandun-obviousthreatssuchasSpoofing&Layering,QuoteStuffing,MomentumIgnition,Pump&Dumpattempts,washtradesandmanymore.

2.4 SecureTheBinfinityMarketplaceisarchitectedforsecurityandincludessomeofthelatestkeyindustrytechnologiestoensureasecureandrobusttradingenvironment.

Someofthekeytechnologiesdeployedinclude:

• SecuredMulti-SigColdStorage -Binfinitysweeps funds fromhotwallets tocoldstoragewalletsviaautomatedAPIusingUnbound’sCryptoAssetSecurityPlatform(CASP).Thismulti-sigcoldstoragesolutionfromUnboundhasbeencertifiedbyNISTasFIPS140-1level1andlevel2compliant—theonlysystemofitskindtoachievethissecuritycertification.8

• Encryption–AllconnectionsareAES-256encrypted.• Three-FactorAuthentication-Binfinityprovidesanextralevelofauthenticationon

requesttoprovideuptothree-factorauthenticationforwithdrawals.• DDOSProtection/Multi-layeredfirewall–BinfinityusesAWSShieldAdvanced,

multiple firewalls, and monitoring systems to prevent external hacking or DDOSattacks.

• DB Security – Binfinity databases are encrypted with redundant geographicallydiversebackuplocationsforreliabledisasterrecovery.

ToensurethestabilityoftheBinfinityMarketplace,theteamperformsregularstress&soaktestingbothforthesystemasawholeandforindividualmodules.

8May2019.Seehttps://www.unboundtech.com/unbound-receives-fips-140-2-certification/


3. TheTechnology

3.1 Binfinity’stechnologystackBinfinity'stechnologystackintegratesseveralkeyarchitecturalinnovationsworkinginconcerttodeliverextremeperformance.Theseinclude:

Hybridshardedarchitecture• Lock-free/shared-nothingdatastructuresforhigh-frequencydata• Locked/shareddatastructuresforlow-frequencydata

High-performancemessagepassing• Lock-freeinter-threadandinter-processcommunication• NUMA-awareCPUandmemoryresourceoptimization• Ultra-lowlatency,ultra-lowjitter

Proprietaryreal-timein-memorydatabase• Extremeperformance:>2,000,000transactionspersecondonasingleinstance

Reliability&distributeddataintegrity• Guaranteedmessagedelivery• Real-timedatareplication• Hot-standbyfailoverforresilience

NativeC++17sourcecode1. Currently64bitLinux,witharoadmaptargetingOSvforfurtherperformancegains


3.2 SystemArchitecture

3.3 PerformanceBinfinity’s trade matching engine is derived from proven high-performance capitalmarketstradingtechnology,licensedfromFusionSystemsLtd.

AsingleBinfinitymatchingengineinstancecanhandleover2,000,000transactionspersecondat<1µs response time.Directmarket access toBinfinity isprovidedviabothwebsockets/RESTandhigh-speed ITCH/OUCH interfaces.TheMarketplaceprovidesafulllevel3(depthofbook)marketdatafeedandoffersco-locationfacilities.

Thearchitectureprovidesthenecessaryend-to-endscalabilitytoaccommodateexpectedgrowthandsupportsdynamiccapacitymanagement.Capacityutilizationisinstrumentedandmonitored24/7withheadroommaintainedatalltimes.


4. BinfinityCoinNote:TheBFCtokeneconomicshavebeensignificantlyupgradedfromearlierversionsofthewhitepaper.

BinfinityislaunchinganExchangePlatformToken(symbolBFC).BFCisanERC20utilitytokenwithamaximumtotalsupplyof300millionBFC,afterwhichnomorecoinswillbecreated.

WithBFC,Binfinityisimplementingthefollowingkeyfeatures:

1. Tieredmembership in theBinfinity user community based on the level of BFCholdings.

2. Biggerdiscountsontradingcommissions,furtherreducingtradingcosts.3. A firm commitment to control the circulating supply as the Binfinity platform

evolves;Binfinitywill systematically "burn"a proportionof tokensused topaytradingfeessothatthecirculatingsupplyasymptoticallyapproaches50%oftheinitiallevel.

4. Acomprehensiveaffiliaterewardsprogram.5. FutureapplicationofBFCas thestakeassetof"BinfinityChain”,a futurepublic

proof-of-stakeblockchainfocusedonultra-low-latencyapplications.

4.1 BFCMembershipTiers&AffiliateReferralRewardsBFCholdersareeligibleforamembershiptieraccordingtothesizeoftheirholding.Athigher tiers,members receive a share of all trading fees paid by their referred users.Binfinitymayintroduceotherbenefitsformembersastheplatformevolves.

Name MinimumBFCHolding USDNotionalValue ShareofFeesGreen 10,000 1,000 11%Silver 40,000 4,000 15%Gold 100,000 10,000 20%Platinum 200,000 20,000 25%Black 500,000 50,000 40%


4.2 BFCDiscountsBinfinitywilldiscounttradingfeesbasedonmonthlytradevolumes,andafurther50%discountwillbeappliedtoclientsthatchoosetosettletradingfeesinBFC.

TierMonthlyvolume

(USDm) Commission(%)

ComissionsetttledinBFC(%)

From To1 0 1 0.200 0.1002 1 5 0.180 0.0903 5 10 0.170 0.0854 10 50 0.160 0.0805 50 100 0.140 0.0706 100 200 0.110 0.0557 200 500 0.080 0.0408 500+ + 0.060 0.030

4.3 BFCCirculatingSupplyControlBFCwill retire (“burn”) a percentage of the fees paid by users, starting at 20%. Thispercentagewilldeclineasthecirculatingsupplyasymptoticallyapproaches50%oftheoriginallevel.Thegoalsofthistokeneconomicdesignare:

• Topreventabruptdiscontinuitiesinthedeclineofthecirculatingsupply• Ensurethatburningisongoingandcontinuesindefinitely,albeitinever-smaller

quantitiesasthesupplyapproachesit’slowerlimit• Maintainalowerlimitof50%oftheinitialcirculatingsupply

4.4 BinfinityChainBinfinity Chain is an upcoming proof-of-stake public blockchain incorporating next-generation innovations in consensus algorithms and latency. No specific consensusalgorithm,detaileddesignorimplementationscheduleisyetavailable.BinfinityChainisanearly stagework inprogress.BinfinityChain is aBinfinityR&Dproject focusedonultra-low-latencyperformance.Intendedapplicationsarehigh-speedelectronictrading,e-commerce,paymentsandonlinegaming.BinfinityChainwilluseBFCasastakeasset.

Akeydesign featureofBinfinityChain is that every liveaddress is alsoan individuallogical full node, with peer-to-peer counterparty-to-counterparty confirmation of livetransactions. This approach can also be considered a form of “extreme sharding”. Byensuring that node implementation code is lean, lightweight and high performance,BinfinityChaincandispensewiththedelegationofrunningnodestoserviceproviders,permittingsmalldevicestorunlivenodes,includingfutureFPGAandASICdevices.


5. RoadmapTheroadmapofBinfinity’sdevelopmenttodatecanbeseeninthetablebelow.Ourfocusforinitiallaunchwastoprovideahigh-performance,secureandrobusttradingplatformthatcanbetrustedbyall.Welaunchwithamatureproductstack,withsupportforbothFiat and digital assets,with robust, automatedKYC/AML andwith anorganization inplacetoassistclientsandrunitsMarketplaceoperations.

2018 PlatformimplementationCompliancelandscapestudyClientservicessetupKYC/AMLpolicydevelopment

Nov2018 Searchforregulatoryjurisdictionsofexchange

Apr2019 InductionintoVQF(SwissSROapprovedbyFINMA)BinfinitySecuritiesLtd(Australia)launchesRegisteredwithASIC,AFSLlicensecoveringcash&securitiesdealing

May2019 Marketplacelaunch

July2019 EPToffering Aug2019 Fiatandcryptocurrencytrading

MarketplaceExpansionOntopofitsfullyfunctionalBinfinitymarketplace,inresponsetomarketevolutionanddemand,Binfinitymayinthefutureconsideraddingthefollowingfunctonality:

l ListingofmoreAlt-coinsl Supportforadditional/advancedordertypesl IntroductionofMargintradingl Educationalresourcesl Issuanceofreal-estatebackedsecuritytokensl Custodial/Agentservices(supportformembersponsoredproducts)l Listedderivatives,exchangeindexes


6. Team

6.1 ExperienceThe Binfinity team comprises some of the most experienced capital marketsprofessionalsinAsiawithbroadexpertiseinprovidingtradingtechnologysolutionstosomeoftheindustry’smostdemandingclients.

Binfinity isputtingparticularemphasisonhavingarobustcomplianceandoperationsteam in place from day one. The founding team has deep experience with multipleregulatorsinjurisdictionsaroundtheworld.

Finally, Binfinity’s technology team has tremendous experience in architecting,developing,sellingandsupportingmission-criticaltradingsolutionsforcapitalmarkets.TheseincludetheRaptor™suiteofproductsandtheFOXsuiteofproductsthatprecededit. Solutions developed by the founding team have been used by many of the topinvestmentbanksgloballyforovertwodecades.

6.2 Founders

MichaelAlfant(Co-Founder,CEO)Mr.MichaelAlfantistheChairmanandactingCEOofBinfinityAG.Michaelhasfoundedover20technologycompaniesoverthepast25yearsthroughoutAsiaPacificwithmultiplesuccessfulexits.Mr.AlfantservedtwotermsasPresidentandonetermasChairmanofthe American Chamber of Commerce in Japan, 2011-2013,encompassing the period of the Tohoku earthquake and its

aftermath.Michael'sleadershipwasinstrumentalintheACCJbeingawardedthe"PeaceThroughCommerce"medalbytheUnitedStatesgovernment.Mr.AlfanthasservedontheBoardsofpubliclylistedtechnologyfirmsinboththeUnitedStatesandJapanandiscurrentlyan independentDirector forHealios(JPX:4593).Michaelwaselectedas thePresidentoftheTokyoAmericanClubinlate2016.Mr.AlfanthasservedasanAdvisorymember to the Stanford University Program on Regions of Innovation andEntrepreneurship,andisaregularlectureratKeioBusinessSchool,KyotoUniversity,andTempleUniversity.


HitoshiHasegawa(COO)

Mr.Hasegawais theChiefOperatingOfficerofBinfinitysecuringthe functionality of business to drive extensive and sustainablegrowth.Mr.Hasegawahasmorethantwodecadesofmanagementexperience in real estate and private equity investment havingpreviouslyoccupiedseniorpositionsatSoftbankCorp.,LoneStar

Japan Acquisitions LLC, Creed Corporation and The Carlyle Group where his workinvolved the identification of real estate and corporate investment opportunities,negotiationandtransactionexecutionaswellas themanagementoftheteamsandanentireTSESection1listedorganization.PriortojoiningTheCarlyleGroup,ToshwasapartneratMorrison&FoersterLLP.Asalawyer,hehassignificantexperienceinjointventures,strategicalliances,equityinvestmentsandM&Atransactions.

Mr.Hasegawabringshishands-onmarketexperienceandtechnicalknowledgetobearthrough his investment experience, leadership of transaction structuring and themanagementrolehetakesinoperatinghighgrowthcompanies.

HehasaBachelorofArts inEconomics fromtheUniversityofMichiganand isa JurisDoctorfromtheUniversityofMinnesotaLawSchool.

HuwRogers(Co-founder,CTO)Mr. Huw Rogers is a veteran capital markets technologist andentrepreneurwhohasworked for over twodecades innovatingfinancial technology, building and deploying large-scale tradingtechnology and risk management solutions for global financialinstitutionsandisaspecialistinhigh-speedelectronictradingandrisk management. Partner at Fusion Systems, previously R&D

SpecialProjectsatBloomberg.HuwholdsaBScinComputerScienceandAccountingfromtheUniversityofManchester,UK.

VaughanMarks(Co-founder,CMO)Mr. VaughanMarks is a versatile FinTech specialist with 25 years’experience.Prior to co-foundingFusionSystems,Mr.Marksheadedthe core communications group at Bloomberg LP, worked on FICCsystemsatMerrillLynchandasaconsultantfocusedonFrontOfficedealingsystemsforanumberofleadinginvestmentbanks.Mr.Markshas a graduate degree in Computer Science andMBA from INSEAD

businessschool.


6.3 Managementteam

JohnDurkin(ChiefFinancialOfficer)Mr.JohnDurkinisBinfinity’sCFOandwillberesponsibleforthedaytodayfinancialoperationsofthecompany.Mr.Durkinisanexpertin financial management, change management, M&A, integration,andrestructuring.Mr.Durkinhasboardandexecutiveexperienceinthe financial services, telecommunications, real estate, andconsumer goods industries and has been CFO of four public

companiesincludingtheNikkoCordialFinancialGroupinTokyo.

BogdanOprisan(ChiefRiskOfficer)Mr.BogdanOprisan isBinfinity’sCROandwillberesponsible forestablishing & maintaining the company’s Risk ManagementFramework within a rapidly evolving legal landscape. Hisresponsibilities include policy and process implementation forCompliance and engaging with regulators to ensure overallexchange best practice. Mr. Oprisan has extensive experience

acrossequity&equityderivativesmarketsandstructuredretailproducts.HeservedinseniorriskmanagementpositionsattopinvestmentbanksincludingDresdnerandRBS.HeheldfinancialindustryregistrationswithFWB,DTB,FSA,JSDA(SSR1,SSR2andICM)andworkedwithvariousregulators,includingBAFIN,UKFSA,&J-SESC/FSA.

AtsushiYamamoto(ComplianceOfficer-Japan)Mr.Yamamotohasmorethan30yearsofexperienceasacomplianceofficer.StartedhiscompliancecareeratMorganStanley,hehasheldseniorandchiefrolesincomplianceatvariousfinancialinstitutionsincluding, Deutsche Securities, Charles Schwab, MitsubishiSecurities,GoldmanSachs,GECapitalandWisdomTree.Hehasalsohelped Charles Schwab and WisdomTree launching their initial

operation in Japan. He haswell diversified experience in compliance and regulatoryaffairs.

RobCorrigan(Head,SupportServices)Mr. Corrigan is head of Binfinity’s support organization. MrCorrigan has over 20 years Investment Banking experience invariousFinance-ITformajorbanksacrossAsia(inc.Nomura,Citi,Deutsche).Mr.Corriganhasbuiltandoperatedlargedistributedorganizationsfocusedondynamic,highly-availableenvironmentsforFX,Treasury,MoneyMarkets,RepoandEquities.


FredericLevesque(Front-endArchitect)Mr. Frederic Levesque is responsible for the development of theBinfinityfront-endplatformandon-goingtechnologyoperations.Mr.Levesquehasover15yearsofexperienceinsoftwaredevelopment,architecting24/7mission-criticalsystems,includingoneofthemostsuccessful mobile apps in Japan, reaching the #1 ranking of itscategorywithover8milliondownloads.

6.4 Advisors

YoichiAkaseMrAkasehasworkedintheglobalretailbankingindustryforoveradecade,mostrecentlyasanindustryleaderinretailFXtradingas the CEO of DMMFX, the world’s second largest retail forexbrokerbyvolume.Mr.YoichiAkaseisadvisingonourinitialcoinofferingandmarketingstrategy

JesperKollJesper Koll is consistently ranked as one of the top Japanstrategists/economists, working as Chief Strategist and Head ofResearch formajorU.S. investmentbanks J.P.MorganandMerrillLynch. His analysis and insights have earned him a position onseveral Japanese government advisory committees and Jesper isalsooneofthefewnon-JapanesemembersoftheKeizaiDoyukai,the

Japan Association of Corporate Executives. He has written two books in Japanese,Towards aNew JapaneseGoldenAge andTheEndofHeiseiDeflation. Jesper holds aMaster’sdegreefromtheSchoolofAdvancedandInternationalStudiesatJohnsHopkinsUniversityandwasaresearchfellowatbothTokyoUniversityandKyotoUniversity.HeisagraduateoftheLesterB.PearsonCollegeofthePacific.

NicholasE.BenesMr. Benes received his B.A. in political science from StanfordUniversity,andaJD-MBAdegreefromUCLA.HethenworkedatJPMorgan for 11 years and went on tolead a pathbreakingM&Aadvisory boutique in Japan, JTP Corporation.He is an inactivememberofthebarinCaliforniaandNewYork.Currently,heservestheAmericanChamberofCommerceinJapan(ACCJ)asChairofits

GrowthStrategyTaskForce.Inthepast,heservedasatwice-electedGovernoroftheACCJ,ChairoftheACCJ’sFDICommitteeandFDITaskForce,andasamemberoftheExpertsCommittee of the Japan Investment Council, an advisory committee to the Japanese


CabinetonFDIpolicy.HecurrentlyisanindependentdirectoratImagicaRobotHoldings,Inc. (TSE6879).Mr.Beneshas taught corporategovernanceand businessethicsasanAdjunctProfessoratHitotsubashiUniversityandtheInternationalUniversityofJapan.

DouglasHymasMr.HymasisManagingDirectorandCountryExecutiveforJapanat BNYMellon since 2014. BNYMellon is the global investmentbankthatwasformedbythe2007unionoftheBankofNewYorkandMellonFinancialCorporation.HewaspreviouslytheCEOandPresidentofINGInvestmentManagementforoverfiveyears.Mr.

HymasisalsoanadjunctprofessoratTempleUniversityLawSchoolinTokyo.


7. CompetitionAlthough there are a significant number of cryptocurrency exchanges already on themarket, many lack characteristics that one might expect from an institutional gradeexchange.

Severalof theseexchangesare leveraging regulatoryarbitrage to secure theirmarketpositionbyeschewingKYCornotdealinginfiatcurrency.Whiletheseapproachesarepotentially acceptable for a certain subset of investor, they are not acceptable fortraditionalfinancialinstitutions.

Indeed,manyoftheapproachesandoperationaldecisionsthatBinfinityhasmadewillhinderitsgrowthinthesecasualmarkets.However,webelievethefunctionalityofourMarketplaceplatformisbetterforallmarketparticipantsinthelongterm.


8. FinancialsBinfinitywasfundedbyatraditionalequityfinancing.

Amount Status

SeriesA US$7.5M CompleteSeriesB US$5M InprogressICO US$10M ComingsoonTotal US$27.5M

SeriesAFundingBinfinity’sSeriesAfundingenabledthecompanytodeveloptheMarketplaceandlaunch(seefigurebelow):

SeriesBFundingSeriesBfunding(inprogress)mayenableBinfinitytoincreaseitsMarketplace’sscopemuchsoonerthanwouldbeotherwisepossible.Ourdiscussionswithpotentialinvestorsareon-going.

Implementation55%

Team & Early Supporters

5%

Customer Support15%

Marketing15%

Legal10%

Series�A�Funds�Usage�


8.1 EPTTokenomicsTokenName BFCIssuer BinfinityAGIssuingJurisdiction SwitzerlandPlatformOperator9 BinfinitySecuritiesLtdPrice $0.10Platform ERC20Type UtilitytokenDistributedinICO 50%TokenSupplyforICO 150,000,000TotalTokenSupply 300,000,000SoftCap 1,000,000HardCap 10,000,000Bonus Upto25%Productandservice ReadytogoCurrenciesaccepted BTC,ETH,USDMinimumInvestment: BTC/ETH: $100equivalent

USD: $1000

9BinfinityAGhasappointedBinfinitySecuritiesLtdastheoperatoroftheMarketplacefor the ICO that will conduct KYC/AML in connection for the ICO. (See Terms andConditionsinSection9)

ICO50%

Marketing and Loyalty

12%

Founders29%

Bounty5%

Advisors4%

Token�Distribution


50%ofthetotalavailableBFCwillbesoldduringtheEPTwiththeremaining50%heldbyBinfinity.BFCtokensissuedtofoundersandemployeeswillbevestlinearlyoverfiveyears(20%peryear)andsubjecttoaninitiallock-upperiodof12months.

UsageoffundsMarketing,brandingandMarketplaceplatformexpansion 50%EmployeeIncentiveProgram 20%Advisory10 15%Reserve 15%

BFCBonusSchemeTorewardearlysupportersoftheMarketplaceBinfinitywillawardbonustokensattherateof25%.ThisbonuswillapplytoalltokenspurchasedbeforeAugust2019.

BFCReferralBonusBinfinitywillalsorewardmemberswhospreadthewordonourbehalf.Earna10%tokenbonusawardbyreferringotherstotheplatform.

BFCAirdropIfthereareunallocatedtokensduringtheICOtheremainingtokensshallbere-distributedtoICOparticipantspro-ratabasedonthenumberoftokenspurchased.

10Includinglegalandregulatory


9. TermsandconditionsTheTermsandConditions(hereinafterreferredtoasthe“T&C”)applytothebuyeroftheBinfinityCoin(hereinafterreferredtoasthe“BFC”)anduserofsuchBFCinrelationtoBinfinityAG’sactivities(hereinafterreferredtoasthe“Buyer”or“you”,“your”).PLEASEREADTHESETERMSCAREFULLYBEFOREPARTICIPATINGINTHETOKENSALE.THET&CAFFECTYOUROBLIGATIONSANDLEGALRIGHTS,INCLUDING,BUTNOTLIMITEDTO,WAIVERSOFRIGHTSANDLIMITATIONOFLIABILITY.IFYOUDONOTAGREETOTHESETERMS,DONOTPURCHASEBFCs.

By purchasing the BFCs during the token sale period (hereinafter referred to as the“TokenSale”),inthejurisdictionofSwitzerland,youwillbeboundbytheseT&C,andalltermsincorporatedbyreference.YourpurchaseofBFCsissubjecttotheseT&C.

Applicability

1. The following T&C constitute the agreement (hereinafter referred to as the“Agreement”) between Binfinity AG (hereinafter referred to as “Binfinity” or the“Company”), a Swiss Company limited by shares incorporated in Zug, and you withrespecttothepurchaseoftheBFCsandtheirplanneduseinrelationtotheCompany’scrypto-exchange operations in Switzerland and in Australia, through its Australiansubsidiary,i.e.BinfinitySecuritiesLimited(hereinafterreferredtoasthe“Subsidiary”),whichoperatesanonlinetradingplatform(hereinafterreferredtoasthe“Platform”).BypurchasingBFCs,youagreetobeboundbytheT&Cinitslatestversion.YouareawarethatBinfinitymaychangetheseT&Catanytimeatitssolediscretion.YourcontinueduseofBFCsoryourcontinuedholdofBFCs,meansthatyouacceptanynewormodifiedterms.

2. ThepresentT&CgovernonlyyourpurchaseofBFCsfromBinfinityduringtheTokenSale.OthertermsandpolicieswillbeapplicabletotheuseoftheBFCsinrelationtotheoperationsofBinfinity(incl.theSubsidiary).

Services

3. BinfinityisaSwissfinancialintermediaryaffiliatedtotheFinancialServicesStandardAssociation (VQF), which authorises it to operate an online crypto-exchange inSwitzerland. The Subsidiary holds an Australian Financial Services License (AFSL No298464) and hasAMLoversight byAUSTRAC and operates the Platform (hereinafterreferredtoasthe“BinfinityProject”).

4. ThePlatformcombinesthefollowingfeatures(seep.4oftheWhitePaper):

• HighPerformance–possibilitytohandlelargeamountoftransactions

• Compliant&Transparent–applicationofbestpracticecomplianceandriskstandardstogetherwithtransparenttradingrules


• AFull-serviceplatform–operationinbothFiatanddigitalassets.

• ClientFocused-focusonsupportforallmarketparticipantsthroughdedicatedstaff.

• Secure – adoption of specific security standard: CryptoCurrency Security Standard(CCSS)levelIII,theNewYorkDepartmentofFinancialServices(NYDFS)“CybersecurityRequirementsforFinancialServicesCompanies”(23NYCRR500),etc.

5. Please read carefully the White Paper (incl. its disclaimer) prepared by Binfinity,whichpresentstheBinfinityProjectandisavailableonBinfinity’swebsite([www.xxx]).

BinfinityCoin(BFC)

6. ThepurposeofBinfinity’sICOistodevelopitsnetworkthroughacommunityofBCFusers. BCF can be used indeed for trade fee discounts in relation to Binfinity onlinecrypto-exchangeinSwitzerlandandinAustralia(seep.13oftheWhitePaper).

7. The BCF does not have the legal qualification as a payment token, since it is notintendedtobeusedasameansofpaymenttoacquiregoodsorservicesprovidedbythirdparties,orameansofmoneyorvaluetransfer.TheBFCdoesnothavethequalificationofasecurityasitisnotasharenorabond,doesnotgiveanyrighttodividendorinterest,nor give any right to participate in the general meetings of the Company (incl. itssubsidiaries).BFCscannothaveaperformanceoraparticularvalueoutsidetheBinfinityProject.ThepurchaseanduseofBFCsshallthereforenotbedoneforspeculativeusage.

8. BFCs’purchaseisfinalandnon-refundable.

9. TheplannedTokenSaleandrelateddocumentation,inparticulartheWhitePaperandtheT&C, are not and cannot be considered as an offeringof securities in any foreignjurisdiction. The White Paper is not and cannot be considered as a prospectus inSwitzerlandandabroad.

10. TheBuyerofBFCsisthereforeawarethatnationalsecuritieslaws,whichensurethatinvestorsaresoldinvestmentsthatincludealltheproperdisclosuresandaresubjecttoregulatoryscrutinyfortheinvestor’sprotection,arenotapplicable.Itisthesoleandexclusive responsibility of anyonewilling to purchase BFCs to carefully examine andobservethelaw,rulesandregulationsthatmayapplyinrelationtothesaleofBFCsinher/his/itsdomicile/placeofincorporation.

11. AnypersonpurchasingBCFexpresslyacknowledgesandrepresentsthatshe/he/ithas carefully reviewed the T&C and fully understands the risks, costs and benefitsassociatedwiththepurchaseofthistokenasindicatedintheT&C.

Knowledgerequired

12. TheBuyerwhoisundertakingtopurchaseBFCsinrelationtotheTokenSaleshouldensurethatshe/he/itunderstandsandhassignificantexperienceofcryptocurrencies,


blockchain systems and services, and that she/he/it fully understands the risksassociatedwiththeTokenSaleaswellasthemechanismrelatedtotheuseandcustodyofcryptocurrencies.

13. TheBuyerisresponsibletotakeallreasonableandappropriatemeasurestosecureher/his/itswalletormeansusedtopurchaseBFCsandtoreceive/storeBFCs.Binfinity(incl.theSubsidiary)shallnotberesponsibleandherebyexcludesanyandallliabilityforanyissuesrelatedtotheaccesstothepurchasedBFCsorsecuritybreachesrelatingtothereceipt, possession, storage, transfer or use of BFCs, which lead to the loss of thepurchased BFCs. Neither Binfinity nor its subsidiaries, agents, employees orrepresentativesshallbeliableforeventssuchashacking,theft,fraud,cyber-attackwhichresultinalossofthepurchasedBFCs.

KnowYourClient(KYC)procedure

14. TheTokenSaleincludesaKYCprocedurethatanypersonundertakingtoacquireBFCs shallperform.TheBuyeragrees toprovideany informationanddocumentationrequestedbyBinfinity.Allinformationanddocumentationmustbecomplete,accurate,andnotmisleading.Anychangesregardingtheinformationand/ordocumentationmustbecommunicatedtoBinfinityimmediately.

15. Any person undertaking to acquire BFCs accepts that Binfinity can refuse anypayment as well as to allocate BFCs if the process and in particular the requestedinformationordocumentationarenotcompliantwiththeaboveKYCprocedure.BFCsshallbeallocatedonlyoncetheKYCprocedureiscompleted.

16. The Buyer understands, acknowledges and accepts that information may betransferredabroadforKYCpurposes.

TokenSale

17. AllinformationontheTokenSale,inparticularthepurchaseperiod,theopeningandclosingdates,theindicationsonthehardcapandsoftcap,thepaymentprocesswiththeacceptedcurrenciesandcrypto-currenciesandall other related specificationsareincludedintheBFC’spurchasedocumentation,whichisavailableonBinfinity’swebsite(www.binfinity.ch).TheabovedocumentationandindicationscompletethepresentT&CandarebindingontheBuyer.

Risks

18. AcquiringandstoringBCFinvolvesvariousrisks,inparticular(butnotlimited)theriskthatBinfinitymaynotbeable toprovideallplannedservicesandrelatedcrypto-exchangeoperations inSwitzerlandand inAustralia,or is forced(inparticularduetochangeinthelegalenvironmentand/orissuanceofnewlaworregulations)tostopitsoperationsorchangeitsbusinessmodel.


19. Therefore, and prior to acquiringBFCs, anyBuyer should carefully consider therisks,costs,andbenefitsofacquiringBFCswithintheTokenSale,and,ifnecessary,obtainindependentadvice in this regard.TheBuyerexpresslyacknowledgesand representsthatshe/he/ithascarefullyreviewedtheT&Candfullyunderstandstherisks,costsandbenefitsassociatedwiththepurchaseoftheBFCsasindicatedintheT&C.Furthermore,theBuyeracknowledgesandrepresents thatshe/he/it isable tobeartherisksof thepurchase,includingtheriskoflossoftheentirepurchaseandhasthefinancialresourcesallowingher/him/ittopurchaseandtolose,ifthecasearises,theentireamountofthepurchase.

20. AnyinterestedpersonwhoisnotinthepositiontoacceptnortounderstandtherisksassociatedwiththeactivityofBinfinityand itssubsidiariesoranyotherrisksasindicatedintheT&C,shouldnotacquireBFCs,atthisstageorlater.

ImportantDisclaimer

21. The T&C shall not and cannot be considered as an invitation to enter into aninvestment inany jurisdiction.Theydonotconstituteorrelate inanywaynorshouldtheybeconsideredasanofferingofsecuritiesinanyjurisdiction.TheT&Cdonotincludeorcontainanyinformationorindicationthatmightbeconsideredasarecommendationorthatmightbeusedtobaseanyinvestmentdecision.Thisdocumentdoesnotconstituteaprospectus,noranofferoraninvitationtosellshares,securitiesorrightsbelongingtoBinfinityoranyofitssubsidiary.BFCswillbeusedexclusivelyinrelationtotheonlinecrypto-exchange transactions operated by Binfinity and its Subsidiary (trade feediscounts) in Switzerland and in Australia, and are not intended to be used as aninvestment.

22. Any information intheT&Cisgiven forgeneral informationpurposeonlyand isrelevanttothedayithasbeenwrittenandBinfinitydoesnotprovidewithanywarrantyastotheaccuracyandcompletenessofthisinformationnoworinthefuture.

23. TheofferingofBFCs isdone inordertodevelopBinfinity’snetworkthroughthecommunityofBCFusers,whowillhave thepossibility touse theirBCFs for trade feediscounts in relation to online crypto-exchange transactions operated by Binfinity inSwitzerlandandinAustralia,throughitsSubsidiary.Theaboveofferingisthereforenotdoneforspeculativepurposes.

24. Regulatory authorities are carefully scrutinizing businesses and operationsassociated to cryptocurrencies in the world. In that respect, regulatory measures,investigations or actionsmay affect Binfinity business (incl. the Subsidiary) and evenlimitorprevent it fromcontinuingto carryoutordevelop itsoperations.AnypersonundertakingtoacquireBFCsmustbeawarethat theBinfinitybusinessmodelandtheT&Cmay change or need to be modified because of new regulatory and compliancerequirements from any applicable laws in any jurisdictions. In such case, any person


undertakingtoacquireBFCsacknowledgeandunderstandthatneitherBinfinitynoranyofitssubsidiariesshallbeheldliableforanydirectorindirectlossordamagescausedbysuchchanges.

25. Binfinity(incl.theSubsidiary)willdoitsbesttomaintainalloftheactivitiescarriedout in Switzerland and Australia. The Company makes neither express nor impliedwarrantiesorrepresentationsandoffersnoassurancethattheaboveactivitiesaswellastheplanneduseoftheBFCwillbemaintainedorfurtherdeveloped.

26. AcquiringBFCsshallnotgrantanyrightorinfluenceoverBinfinity’sorganizationandgovernance(incl. itssubsidiaries) to theBuyers.Thesetokenswillbe issuedbyatechnicalprocessreferredtoasa“Blockchain”.ThisisanopensourceITprotocoloverwhichneither theCompanynor its subsidiarieshave rightsor liability in termsof itsdevelopmentandoperation.ThetokendistributionmechanismwillbecontrolledbyaSmartContract;thisinvolvesacomputerprogramthatcanbeexecutedontheEthereumnetworkoronanotherblockchainnetworkthatiscompatiblewiththeSmartContractprogramming language. Buyers acknowledge and understand therefore that Binfinity(includingitssubsidiaries,bodiesandemployees)assumesnoliabilityorresponsibilityforanylossordamagethatwouldresultfromorrelatetotheincapacitytoacquire,store,transferorusetheBFCsorotherwiserelatetotheseT&C,exceptincaseofintentionalmisconductorgrossnegligence.TheBFCisbasedontheEthereumprotocol.Therefore,anymalfunction,unplannedfunctionorunexpectedoperationoftheEthereumprotocolmaycausetheBFCtomalfunctionoroperateinawaythatisnotexpected.

27. EmployeesofBinfinityareallowedtooperatewithBFCsatmarketpriceiftheyarenotinknowledgeofinformationthatmaymodifythepriceoftheBFC.

DataProtection

28. TheBuyermayberequiredtoprovideinformationand/ordocumentsinparticularrelated to theBuyer’s identity, address, phone number, e-mail address, date of birth,sourceoffundsand/orwealth(hereinafterreferredtoasthe“PersonalData”).

29. Except express permission under these T&C, the disclosure of Personal Data issubjecttoyourpriorconsent.

30. BinfinitywillprocessyourPersonalDataaccordingtotheSwissFederalActonDataProtection(hereinafterreferredtoasthe“FADP”).YourcollectedPersonalDatawillinparticular be processed for the purpose of processing the Token Sale, executing thecontractual relationship between you and Binfinity, promoting and providinginformation to you regarding the Token Sale and the Binfinity Platform, meetingBinfinity’s obligations according to the applicable law, regulation, court orders orauthorities,managingclaimsorenquiries.


31. ByacceptingtheseT&C,youauthoriseandexpresslygiveyourconsentthatforthepurposessetoutaboveyourPersonalDatamaybeprocessedbyus,oursubsidiaries,ouragentsandserviceproviders.Furthermore,yougiveyourexpressconsentthatBinfinitymay also obtain information andPersonalData about you from third parties such asidentity verification services and Personal Data may be disclosed to third parties ifrequiredforthepurposesofcompliancewithapplicablelawsorregulations.

RepresentationandWarranties

32. ByparticipatingintheTokenSale,theBuyeragreestotheT&Candinparticular,she/he/itrepresentsandwarrantsthatshe/he/it:

i. hasreadcarefullytheT&Candagreestotheirfullcontentsandacceptstobelegallyboundbythem;

ii. hasobtainedsufficientinformationabouttheBinfinityProjectandtheplanneduseoftheBFCstomakeaninformeddecisiontoparticipateintheTokenSalepursuanttotheseT&C;

iii.isauthorizedandhasfullpowertopurchaseBFCsaccordingtothelawsthatapplyinhis/her/itsjurisdictionofdomicile/placeofincorporation;

iv.is not a U.S. resident or entity (a “U.S. Person”) under Rule 902 of Regulation SpromulgatedundertheUnitedStatesSecuritiesActof1933,norisshe/he/itpurchasingBFCsorsigningonbehalfofaU.S.Person;

v. isnotaJapaneseresidentorentitynorisshe/hepurchasingBFCsorsigningonbehalfofaJapaneseresidentorentity;

vi.livesinajurisdictionwhichallowsBinfinitytoselltheBFCsthroughanICOwithoutrequiringanylocalauthorizationandisincompliancewiththelocal,stateandnationallawsandregulationswhenpurchasing,sellingand/orusingBFCs;

vii. doesnotliveinajurisdictionwhichisqualifyingtokenissuedthroughanICOassecurities;

viii. isfamiliarwithallrelatedregulationsinthespecificjurisdictioninwhichshe/he/itisbasedandthatpurchasingcryptographictokensinthatjurisdictionisnotprohibited,restrictedorsubjecttoadditionalconditionsofanykind;

ix.willnotusetheTokenSaleforanyillegalactivity,includingbutnotlimitedtomoneylaunderingandthefinancingterrorism;

x. has sufficient understanding of the functionality, usage, storage, transmissionmechanisms and intricacies associated with cryptographic tokens (like ETH), tokenstoragefacilities(includingdigitaltokenwallets),blockchaintechnologyandblockchain-basedsoftwaresystems;


xi.issolelyresponsiblefordeterminingwhethertheacquisitionofBFCsisappropriateforher/him/it;

xii. is acquiring BFCs exclusively for its use in relation to Binfinity’s operations inSwitzerlandandinAustralia,throughtheSubsidiary,andisnotpurchasingBFCsforthepurposeofspeculativeinvestment;

xiii. understandstherisksassociatedwiththeplannedTokenSale,Binfinity’sProjectandthelegalenvironmentunderdevelopment;

xiv. acknowledges and accepts that the Token Sale is taking place within a legalenvironmentthatisstillunderdevelopment.

IntellectualPropertyRights

33. To theextent that copyright trademarkoranyother intellectualproperty rightsexistintheBinfinityProject,suchassoftware,know-how,analysisorprograms,thoseexistingand future copyrightsandother intellectual and industrialrights (hereinafterreferredtoasthe“IPrights”)belongsolelytoBinfinityanditssubsidiariesandyouasaBuyerdonotandwillnothaveanyrelatedrightsinsuchIPRights.

LimitationofLiability

34. Binfinity, as well as its officers, directors, contractors, consultants, agents,subsidiaries,jointventures,employees,suppliersandadvisorsandanyoneonitsbehalf,assumesnoliabilityorresponsibilityforanylossraisedfromtheTokenSale,arisingoutof or related to the use of the Binfinity Project or any technical, interruption ormalfunctionoftheBinfinityProject.ThelimitationofliabilitysetoutaboveshallnotbeapplicableintheeventthatBinfinity,oroneofitsemployees,hascausedanydamagebyintentionalmisconductorbygrossnegligence.

Severability

35. IfanyoftheprovisionsoftheT&CoroftheAgreementaredeemedtobeinvalid,voidorunenforceable,theremainingprovisionsshallcontinueinfullforceandeffect.

36. TheseT&Cmaybeamendedfromtimetotime.IfBinfinitymakesanyamendmentsto theseT&C, anotice including theupdatedversionof theT&CwillbepublishedonBinfinity’swebsite([www.xxx]).TheamendedversionoftheT&Cshallbecomeeffectiveimmediatelyupon itspublication. It is theBuyers responsibility toverifywhethertheT&Chavebeenamended.

37. TheseT&CconstitutetheentireagreementbetweenBinfinityandyouinrelationtoits subject matter. All and any prior agreements, draft agreements, warranties,


statements,assurances,representationsandundertakingsofanynaturewhetheroralorwritten,publicorprivatearereplacedandextinguishedbytheseT&C.

ApplicableLawandJurisdiction

38. The T&C are subject to and governed by Swiss Law to the exclusion of SwissInternational Private Law and any International Treaties, subject to specificcomplementarydisposition in the tokensaledocumentation. AnyBuyer andBinfinityagree to seek an amicable settlement prior to bringing any legal action. Any and alldisputesarisingfromorundertheseT&CandanyotherdocumentrelatedtotheTokenSaleshallberesolvedbyarbitrationinaccordancewiththeSwissRulesofInternationalArbitrationoftheSwissChambersofCommerceinforceonthedatewhentheNoticeofArbitration is submitted in accordance with these rules. The arbitration panel shallconsistofonearbitratoronly.TheseatofthearbitrationshallbeZug,Switzerland.ThearbitralproceedingsshallbeconductedinEnglish.


10. DisclaimerBINFINITYCOINANDINITIALCOINOFFERING(ICO)

GENERALINFORMATION

TheBinfinityCoin(hereinafterreferredtoas“BFC”)doesnothavethelegalqualificationofasecurity,sinceitdoesnotgiveanyrightstodividendsorinterests,norgiveanyrighttoparticipatetothegeneralmeetingofBinfinity.

ThepresentWhitePaperisnotandcannotbeconsideredasaprospectusinSwitzerlandorabroad,norasanofferingofsecuritiesinanyforeignjurisdiction.ThepurchaserofBFCs is aware that national securities laws, which ensure that investors are soldinvestmentsthatincludealltheproperdisclosuresandaresubjecttoregulatoryscrutinyfortheinvestor’sprotection,arenotapplicable.ItisthesoleandexclusiveresponsibilityofanyonewillingtopurchaseBFCstocarefullyobservethe law,rulesandregulationsthatapplyinrelationtothesaleofBFCsinher/his/itsdomicile/placeofincorporation.

BFCscannothaveaperformanceoraparticularvalueoutsideBinfinityAG’s(hereinafterreferred to as “Binfinity”) online crypto-exchange activities in Switzerland and inAustralia, through its Australian subsidiary, i.e. Binfinity Securities Ltd (hereinafterreferredtoasthe“Subsidiary”),whichoperatesanonlinetradingplatform(hereinafterreferredtoasthe“Platform”)(seep.6oftheWhitePaper).BFCsshallthereforenotbeusedorpurchasedforspeculativeorinvestmentpurposes.

Anyone purchasing BFCs expressly acknowledges and represents that she/he/it hascarefullyreviewedthisWhitePaperandfullyunderstandstherisks,costsandbenefitsassociatedwiththepurchaseofBFCs.ThesaleofBFCsisfinalandnon-refundable.

KNOWLEDGEREQUIRED

The purchaser of BFCs undertakes that she/he/it understands and has significantexperience of cryptocurrencies, blockchain technology and services. She/he/it fullyunderstandstherisksassociatedwiththeInitialCoinOffering(hereinafterreferredtoas“ICO”)aswellasthemechanismrelatedtotheuseofcryptocurrencies(incl.storage).

ThepurchaserofBFCisresponsibletotakeallreasonableandappropriatemeasurestosecureher/his/itswalletormeansused topurchaseBFCsand toreceive/storeBFCs.BinfinityshallnotberesponsibleandherebyexcludesanyandallliabilityforanyissuesrelatedtotheaccesstothepurchasedBFCsorsecuritybreachesrelatingtothereceipt,possession,storage,transferoruseofBFCs,whichleadtothelossofthepurchasedBFCs.NeitherBinfinity,noritssubsidiaries,agents,employeesorrepresentativesshallbeliablefor events such as hacking, theft, fraud, cyber-attack, which result in a loss of thepurchasedBFCs.


RISKS

AcquiringandstoringBFCsinvolvesvariousrisks,inparticular(butnotlimited)theriskthatBinfinitymaynotbeabletoprovideallplannedservicesandrelatedcrypto-exchangeoperationsinSwitzerlandandinAustraliaorisforced(inparticularduetochangeinthelegalenvironmentand/orissuanceofnewlaworregulations)tostopitsoperationsorchangeitsbusinessmodel.

Therefore,andpriortoacquiringBFCs,anyinterestedpersonshouldcarefullyconsidertherisks,costsandbenefitsofacquiringBFCsinthecontextoftheICOand,ifnecessary,obtainany independentadvice in thisregard.Any interestedpersonwhoisnot in thepositiontoacceptortounderstandtherisksassociatedwithBinfinity’sactivities(incl.theactivitiesofitsSubsidiaryinAustralia)oranyotherrisksasindicatedintheTerms&ConditionsoftheICOshouldnotacquireBFCs.

IMPORTANTDISCLAIMER

ThisWhitePapershallnotandcannotbeconsideredasanadvicenorarecommendationoraninvitationtopurchase,holdorsellBFCs.Inparticular,itisnotintendedtoprovideandmustnotbedeemedasadviceonwhethertopurchaseBFCs.TheWhitePaperdoesnot include nor contain any information or indication thatmight be considered as arecommendationorthatmightbeusedtobaseanyinvestmentdecision

ThisWhitePaperdoesnotconstituteorrelateinanywaynorshouldbeconsideredasanofferingofsecuritiesinanyjurisdiction(seeGeneralInformationhereabove).Itdoesnotconstituteanofferoraninvitationtosellshares,securitiesorrightsbelongingtoBinfinityoranysubsidiaryorotherrelatedcompany.TheBFCisautilitytoken,whichcanbeusedonly in relation to Binfinity’s online crypto-exchange activities in Switzerland andAustralia.Itisnotintendedtobeusedasaninvestment.

ThepurposeoftheICOistodevelopitsnetworkthroughacommunityoffutureBCFusers.AftertheICO,purchasersofBFCswillhavethepossibilitytousetheBCFfortradefeediscountsinrelationtoBinfinityonlinecrypto-exchangeoperationsinSwitzerlandandinAustralia(seep.13oftheWhitePaper). TheofferingofBFCsrelatesexclusivelytoBinfinity’s above-mentioned activities and planned use of theBCF and does nothavespeculativepurposes.

Binfinity is not to be considered as advisor in any legal, tax or financialmatters. Anyinformation in the White Paper is given for general information purpose only andBinfinitydoesnotprovidewithanywarrantyastotheaccuracyandcompletenessofthisinformationnoworinthefuture.Theinformationsetoutinthisdocumentmaybesubjecttoamendments,updating,revision,completionandverification.Giventhelackofcrypto-token qualifications in most countries, any person undertaking to acquire BFCs isstrongly advised to carry out a legal and tax analysis concerning the purchase and


ownershipofBFCsaccordingtoher/hisnationalityand/orher/his/itplaceofresidenceorincorporation.

Binfinity iscurrentlyaSwiss financial intermediaryaffiliatedtotheFinancialServicesStandard Association (VQF), which authorises Binfinity to operate an online crypto-exchangeinSwitzerland.TheSubsidiaryholdsanAustralianFinancialServicesLicense(AFSLNo298464)andhasAMLoversightbyAUSTRAC.

ThepurchaseofBFCsduringtheICOwillrequirethepositiveconclusionofaKnowYourCustomer(KYC)identificationprocess.

TheBFCconfersnodirectorindirectrighttoBinfinity’scapitalorincome,nordoesitconferanygovernancerightswithinBinfinity(incl.itssubsidiaries);theBFCisnoproofofownershiporarightofcontroloverBinfinity(incl.itssubsidiaries)anddoesnotgrantthepurchaseranyassetorshare inBinfinity(incl. itssubsidiaries).TheBFCdoesnotgranttothepurchaseranyrightofcontrolorgovernanceoverBinfinity’smanagementordecision-makingset-up(incl.itssubsidiaries).

Regulatoryauthoritiesarecarefullyscrutinizingbusinessesandoperationsassociatedtocryptocurrencies in theworld. In that respect, regulatorymeasures, investigations oractionsmay impact Binfinity’s aswell as the Subsidiary’s business and even limit orprevent it from continuing to carry out and develop its operations. Any personundertakingtoacquireBFCsmustbeawarethatBinfinity’s(incl.theSubsidiary)businessmodel,theWhitePaperortheTerms&ConditionsoftheICOmaychangeorneedtobemodifiedbecauseofnewregulatoryandcompliancerequirementsfromanyapplicablelaws in any jurisdictions. In such a case, anyone undertaking to acquire BFCsacknowledgesandunderstandsthatneitherBinfinitynoranyofitssubsidiariesshallbeheldliableforanydirectorindirectlossordamagecausedbysuchchanges.

ThePlatformoperatedbytheSubsidiaryinAustraliawillfunctionandprovideaccessandservicesaftertheICOaccordingtotheroadmapindicatedtheWhitePaper.

TheBFCswillbeissuedbyatechnicalprocessreferredtoas“Blockchain”.ThisisanopensourceITprotocoloverwhichneitherBinfinitynoritssubsidiarieshaverightsorliabilityin termsof itsdevelopmentandoperation.The tokendistributionmechanismwillbecontrolledbyaSmartContract;thisinvolvesacomputerprogramthatcanbeexecutedontheEthereumnetworkoronanyblockchainnetworkthatiscompatiblewithSmartContractprogramminglanguage.AnypersonundertakingtoacquireBFCsacknowledgeandunderstandthatBinfinity(incl.itssubsidiaries,bodiesandemployees)assumesnoliabilityorresponsibilityforanylossordamagethatwouldresultfromorrelatetotheincapacitytouseBFCs,exceptincaseofintentionalmisconductorgrossnegligence.

TheBFCsarebasedontheEthereumprotocol.Therefore,anymalfunction,unplannedfunction or unexpected operation of the Ethereum protocol may cause the BFCs to


malfunctionoroperateinawaythatisnotexpected.Ether,thenativeEthereumprotocolaccountunitmayitselflosevalueinasimilarwaytotheBFCs,andalsoinotherways.

REPRESENTATIONSANDWARRANTIES

ByparticipatingintheICO,thepurchaseragreestotheaboveandinparticular,she/he/itrepresentsandwarrantsthatshe/he/it:

• has read carefully the White Paper and obtained sufficient information aboutBinfinity’sbusinessmodel(incl.theSubsidiary),andtheplanneduseoftheBFCtomakeaninformeddecisiontoparticipateintheICO;

• isauthorizedandhasfullpowertopurchaseBFCsaccordingtothelawsthatapplyinher/his/itsjurisdictionofdomicile/placeofincorporation;

• is not a U.S. resident or entity (a “U.S. Person”) under Rule 902 of Regulation SpromulgatedundertheUnitedStatesSecuritiesActof1933,norisshe/he/itpurchasingBFCsorsigningonbehalfofaU.S.Person;

• isnota Japanese residentorentitynor isshe/he/itpurchasingBFCsor signingonbehalfofaJapaneseresidentorentity;

• isawareandunderstandsthat theWhitePaperdoesnotconstituteanoffernoraninvitation,recommendationnoradvicetosubscribeorpurchaseBFCs;

• lives in a jurisdiction which allows Binfinity to sell BFCs through an ICO withoutrequiringanylocalauthorizationandareincompliancewiththelocal,stateandnationallawsandregulationswhenpurchasing,sellingand/orusingBFCs;

• does not live in a jurisdictionwhich is qualifying token issued through an ICO assecurities;

• isfamiliarwithallrelatedregulationsinthespecificjurisdictioninwhichshe/he/itisdomiciledandthatpurchasingcryptographictokensinthatjurisdictionisnotprohibited,restrictedorsubjecttoadditionalconditionsofanykind;

• will not use the ICO for any illegal activity, including but not limited to money-launderingandthefinancingofterrorism;

• has sufficient understanding of the functionality, usage, storage, transmissionmechanisms and intricacies associated with cryptographic tokens (like ETH), tokenstoragefacilities(includingdigitaltokenwallets),blockchaintechnologyandblockchain-basedsoftwaresystems;

• issolelyresponsiblefordeterminingwhethertheacquisitionofBFCsisappropriateforher/him/it;


• is acquiring theBFCs exclusively for its use in relation toBinfinity’s operations inSwitzerlandandinAustralia,throughtheSubsidiary,andisnotpurchasingBFCsforthepurposeofspeculativeinvestment;

• understandstherisksassociatedwiththeplannedICO,Binfinity’sbusinessandthelegalenvironmentunderdevelopment

• acknowledgesandacceptsthattheICOistakingplacewithinalegalenvironmentthatisstillunderdevelopment.

GOVERNINGLAW-ARBITRATION

Swiss law, to the exclusion of Swiss International Private Law and any InternationalTreaties,governsthepresentdocument,theICOandthepurchaseoftheBFC,subjecttospecificcomplementarydispositioninthetokensaledocumentation.ThePartiesagreetoseekanamicablesettlementpriortobringinganylegalaction.AnyandalldisputesarisingwiththeWhitePaperandanydocumentprovidedinthecontextoftheICO,shallberesolvedbyarbitrationinaccordancewiththeSwissRulesofInternationalArbitrationoftheSwissChambersofCommerceinforceonthedatewhentheNoticeofArbitrationissubmittedinaccordancewiththeseRules.Thearbitrationpanelshallconsistofonearbitrator only. The seat of the arbitration shall be Zug, Switzerland. The arbitralproceedingsshallbeconductedinEnglish.

BinfinityWhitepaper v2 1 · • Any application accessing data from outside the company cannot save...

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