Ho Wah Genting Capital P.L · Company Background Dato Lim Hui Boon Dato Lim Hui Boon is the Group...

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WHITE PAPER Blockchain Ecosystems 28 th June 2018 Version 1.2 HWG LIVE Ho Wah Genting Capital P.L.C

Transcript of Ho Wah Genting Capital P.L · Company Background Dato Lim Hui Boon Dato Lim Hui Boon is the Group...

Page 1: Ho Wah Genting Capital P.L · Company Background Dato Lim Hui Boon Dato Lim Hui Boon is the Group President of Ho Wah Genting Group of Companies, Vitaxel Group (USA) Limited and Vspark

WHITE PAPER

Blockchain Ecosystems

28th June 2018 Version 1.2

HWG LIVEHo Wah Genting Capital P.L.C

Page 2: Ho Wah Genting Capital P.L · Company Background Dato Lim Hui Boon Dato Lim Hui Boon is the Group President of Ho Wah Genting Group of Companies, Vitaxel Group (USA) Limited and Vspark

Table of Content

BLOCKCHAIN ECOSYSTEMS

Disclaimer

Introduction

Company Background and Core Team

HwgX Wallet System

HWG Cash : Integrated digital-to-fiat currency on Ethereum blockchain

• HWG Cash Technology Stack

• Flow of Funds Process

Entertainment, Travel and More

HWG LIVE Token Placement Prospectus

• Why a Token Placement?

• General Token Placement Overview

HWG LIVE Token Placement Summary

• HWG LIVE Token Placement Timeline

Funding Breakdown

HWG LIVE Token Placement Procedure

Conclusion

01

02

03

04

06

07

08

09

11

12

12

14

15

16

17

17

Page 3: Ho Wah Genting Capital P.L · Company Background Dato Lim Hui Boon Dato Lim Hui Boon is the Group President of Ho Wah Genting Group of Companies, Vitaxel Group (USA) Limited and Vspark

IMPORTANT NOTICE

PLEASE READ THIS SECTION AND THE FOLLOWING SECTIONS ENTITLED “DISCLAIMER OF LIABILITY”, “NO REPRESENTATIONS AND WARRANTIES”, “REPRESENTATIONS AND WARRANTIES BY YOU”, “CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS”, “MARKET AND INDUSTRY INFORMATION AND NO CONSENT OF OTHER PERSONS”, “NO ADIVE”, “NO FURTHER INFORMATION OR UPDATE”, “RESTRICTIONS ON DISTRIBUTION AND DISSEMINATION”, “NO OFFER OF SECURITIES OR REGISTRATION” AND “RISKS AND UNCERTAINTIES” CAREFULLY

IF YOU ARE IN ANY DOUBT AS TO THE ACTION YOU SHOULD TAKE, YOU SHOULD CONSULT YOUR LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL ADVISOR(S).

The HWG LIVE tokens are not intended to constitute securities in any jurisdiction. This Whitepaper

does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer

of securities or a solicitation for investment in securities in any jurisdiction.

This Whitepaper does not constitute or form part of any opinion on any advice to sell, or any solicitation

of any offer by the distributor/vendor of the HWG LIVE tokens (the “Distributors”) to purchase any

HWG LIVE tokens nor shall it or any part of it nor the fact of its presentation form the basis of, or relied

upon in connection with, any contract or investment decision.

The Distributor will be an affiliate of HWGG Capital P.L.C and will deploy all the proceeds of the sale of

the HWG LIVE tokens to fund the HWG LIVE’s cryptocurrency project, business and operations.

No person is bound to enter into any contract or legal commitment in relation to the sale and purchase

of the HWG LIVE tokens and no cryptocurrency or other form of payment is to be accepted on the basis

of this Whitepaper.

Any agreement as between the Distributor and you as a purchaser, and in relation to any sale and

purchase, of HWG LIVE tokens (as referred to in this Whitepaper) is to be governed by only a separate

document setting out the terms and conditions (the “T&Cs”) of such agreement. In the event of any

inconsistencies between the T&Cs and this whitepaper, the former shall prevail.

BLOCKCHAIN ECOSYSTEMS01

Page 4: Ho Wah Genting Capital P.L · Company Background Dato Lim Hui Boon Dato Lim Hui Boon is the Group President of Ho Wah Genting Group of Companies, Vitaxel Group (USA) Limited and Vspark

Introduction

HWGG Capital P.L.C’s vision is to have assets on blockchain be not only available to industry insiders,

but rather something that can be used by any individual in the “real world”.

Additionally, with the emergence of more and more different tokens, a growing number of users and

businesses truly struggle to leverage on the existing infrastructure to make this interconnectedness of

physical and virtual platforms become a reality.

At HWGG Capital P.L.C’s, we strive to offer the user access to as large as possible a range of blockchain

assets at a maximum degree of convenience, while adhering to the highest security standards in the

ecosystem.

We are able to do this by integrating the blockchain technologies, introducing HWG Cash Tokens, a

wallet payment app, leveraging on our network of online/offline businesses, remittance/currency

exchange providers and digital currency exchange platforms to form a solid, worldwide, instantaneous

and low-cost manner blockchain ecosystem.

To the end-user, we offer the HwgX app, a blockchain payment system which wallet system that can be

funded not only with blockchain assets such as Ethereum (ETH) and HWG Cash as currently possible,

but also with virtually any blockchain asset in time to come.

Moreover, users and businesses can exchange their blockchain assets seamlessly from one user to

another in a lightning fast, secure and decentralized manner, removing any risk that is usually associated

with centralized solutions.

Aside from that, our company will be introducing a stable fiat-pegged blockchain asset which we believe

is the solution to the current barrier of blockchain assets adoption in the market. The main point that we

are addressing here is the inability to do blockchain assets settlement quickly and safely due market

risks such as high volatility in pricing and unstable liquidity.

HWGG Capital P.L.C“Spendable blockchain assets at the tips of your finger”

BLOCKCHAIN ECOSYSTEMS02

Page 5: Ho Wah Genting Capital P.L · Company Background Dato Lim Hui Boon Dato Lim Hui Boon is the Group President of Ho Wah Genting Group of Companies, Vitaxel Group (USA) Limited and Vspark

HWGG Capital P.L.C is founded in mid 2017, based in Federal Territory of Labuan, Malaysia. One of the

reason we chose Federal Territory of Labuan as the base for the company is due to:

• Malaysia is one of fastest developing nation in the world.

• The Bank Negara of Malaysia is, in our view, open to the development of new blockchain solution

providers in the fintech industry.

• Labuan Financial Services Authority provides relevant licenses and approvals for the conduct of

cryptocurrencies projects.

• Southeast Asia is a market with huge growth potential.

• Federal Territory of Labuan welcomes businesses with international market exposure.

BLOCKCHAIN ECOSYSTEMS03

Company Background

Dato Lim Hui BoonDato Lim Hui Boon is the Group President of Ho Wah Genting Group of Companies, Vitaxel Group (USA) Limited and Vspark Group. He has more than hospitality, property, resorts, travel and tours, manufacturing and fintech. He serves as the main advisor to HWGG Capital P.L.C in dealing with corporate exercises, strategies and financial aspects of the company's operation.

Advisor

Core Team Member

Gavin Lim Chun Hoo Chief Executive Officer

BA(Hons) in Finance and Investment Management. Prior to joining the group in 2015, he started his career as a finance executive in a cable manufacturing company for 3 years before joining Public Bank Berhad as a stock broker. He is currently the CEO of Ho Wah Genting Group (USA) Limited. He is the key forcein driving the company's blockchain projects overseeing the operation, development and marketing.

Yoshikazu Nishimura Chief Technology Officer

B.S. in Mathematics & M.S. in Computational Molecular Biology. Started career as a database consultant Oracle. Won the Best Innovation Award at Global Blockchain Summit 2016 in Shanghai. Published "Blockchain Application for Beginners - Smart Contract Development on Ethereum" (SHOEISHA in 2017) . He serves as the chief technology officer of the company overseeing the blockchain ecosystems development including HwgX Wallet.

Page 6: Ho Wah Genting Capital P.L · Company Background Dato Lim Hui Boon Dato Lim Hui Boon is the Group President of Ho Wah Genting Group of Companies, Vitaxel Group (USA) Limited and Vspark

The HwgX Wallet is an initiative from HWGGC

to introduce blockchain assets spending through

users’ smartphone. Paired with the company’s

own utility blockchain asset, HWG Cash, it is our

vision to bring blockchain assets spending into

the mainstream and be accessible to the public.

The first version of HwgX will focus on storage

and transferability with additional function to be

updated later in the project roadmap.

We aim to launch the HwgX app, downloadable

for iOS and Android devices for free, from

August to September 2018 (with the specific

launch dates being subject to achievement of

the relevant milestones). Once the user has

downloaded the HwgX app, he/she can set up an

account by only entering his/her preferred

password. Smooth, simple, and safe.

BLOCKCHAIN ECOSYSTEMS04

The HwgX WalletHWG

MoreBlockchain

Assets

Page 7: Ho Wah Genting Capital P.L · Company Background Dato Lim Hui Boon Dato Lim Hui Boon is the Group President of Ho Wah Genting Group of Companies, Vitaxel Group (USA) Limited and Vspark

A multi-cryptocurrency wallet will be created automatically, which the users can instantly fund in using

Ethereum (ETH), HWG Cash (HWGC) and any other ERC-20 Compliant tokens. The private key to each

HwgX Wallet is generated and attached to users’ mobile phones, thereby allowing users to store their

own private keys for enhanced security purposes.

The HwgX wallet is created for storing and usage of cryptocurrencies only and does not hold any fiat

currencies at the moment. However, it is in the pipeline of our HWG LIVE project that we will enable

users to convert their cryptocurrencies to fiat currency upon securing the appropriate partners.

Further, the user can conveniently convert a range of blockchain assets such as Ethereum, HWG Cash

and HWG LIVE from one to another by simply using the HwgX Wallet.

BLOCKCHAIN ECOSYSTEMS05

Page 8: Ho Wah Genting Capital P.L · Company Background Dato Lim Hui Boon Dato Lim Hui Boon is the Group President of Ho Wah Genting Group of Companies, Vitaxel Group (USA) Limited and Vspark

HWG Cash: Integrated digital-to-fiat currency on Ethereum blockchain

A digital token backed by asset provides individuals and organizations with a robust, secure and

decentralized method of exchanging value while using a familiar accounting unit. Common reasons for

the limited mainstream use of blockchain assets are the lack of knowledge of the technology, insufficient

ease-of-use for non-technical users, and volatile fluctuation in pricing, making it almost impossible to be

used for instant settlements.

While HwgX Wallet is designed with ease of use in mind, HWG Cash is leveraging on the Ethereum

blockchain technology, to transact in familiar, less volatile manner. All HWG Cash tokens are ERC-20

Compliant, issued on the Ethereum decentralized smart contract platform so they exist as a smart

contract token. Each HWG Cash unit issued into circulation is backed in a one-to-one ratio (ie. One

HWGC : One USD) by the corresponding fiat currency unit held in deposit by our licensed entity HWGG

Capital P.L.C.

Users can purchase HWG Cash from HWGG Capital P.L.C directly (issuance through our mobile app) or

from supported exchanges such as VHCEx who supports HWG Cash as a deposit and withdrawal

method. Users can also transact and store HWG Cash with any ERC-20 Compliant enabled wallet like

HwgX. Exchanges, wallets, merchants and vendors are encouraged to reach out to us about integrating

HWG Cash as a payment solution.

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HWG Cash

Our implementation has the following advantages for our users:

• HWG Cash is an ERC20 Compliant token that is built on the Ethereum blockchain, a popular decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.

• HWG Cash can be used just like other cryptocurrencies like Bitcoin and Ethereum, ie. In a p2p, pseudo-anonymous, decentralized, cryptographically secure environment.

• HWG Cash can be integrated with merchants, exchanges and ERC-20 Compliant wallets.

• Assets exchanged for HWG Cash are held by HWGG Capital P.L.C, a regulated entity under the Labuan Financial Services Authority, licensed for fiat/cryptocurrency broking and issuance

of credit token.

• HWG Cash’s one-to-one backing implementation is easier for non-technical users to understand as opposed to collateralization techniques or derivative strategies.

• HWG Cash can be easily utilized by users and implemented by merchants/vendors to facilitate payment settlements without having to bear the volatility of price fluctuation.

• HWG Cash provides liquidity for blockchain asset users in the Asia region.

Page 9: Ho Wah Genting Capital P.L · Company Background Dato Lim Hui Boon Dato Lim Hui Boon is the Group President of Ho Wah Genting Group of Companies, Vitaxel Group (USA) Limited and Vspark

Here is review of each layer.

1) The first layer is the Ethereum decentralized smart contract. The HWGC transactional ledger is

embedded in the Ethereum blockchain as meta-data, with its nodes storing the most recent state

of each smart contract

2) The second layer is the HwgX Wallet. HwgX wallet implements a foundational technology that can: • Decentralized blockchain wallet with private key stored in users’ devices for personal securities.

• Track and report the circulation of HWG Cash via HwgX transaction history and in the Ethereum network via https://etherscan.io • Enable users to transact and store HWG Cash and other blockchain assets in a: -2P, pseudo-anonymouse, cryptographically secure environment. -Multi-signature 3) The third layer is HWGG Capital P.L.C’s compliance to Labuan Financial Services Authority’s regulation and guideline for: • Accepting fiat deposits and issuing the corresponding credit token: HWG Cash • Sending fiat withdrawals and revoking the corresponding credit token: HWG Cash

• Grant (creat) and revoke (destroy) digital tokens represented as meta-data embedded in the Ethereum blockchain; in this case, asset backed digital tokens, HWG Cash. • Custody of the fiat reserves that back all HWG Cash in circulation

• Initiating and managing integration with existing blockchain wallets, exchanges and merchants (including currency exchanger and remittance providers)

HWG Cash Technology Stack

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Layer 1

Layer 2

DecentralizedBlockchain

Wallet

Peer-to-peer Transfer and

Storage

HWGC Circulation

Records

Other Features

Layer 3

Custody ofFunds

LicensedEntity

Integrationwith Merchants

HWGC on Exchanges

Other Services

HWGC to Wallet

Moneybroking for

Cryptocurrencies

Ethereum Blockchain

HwgX Wallet

HWGG Capital P.L.C

Page 10: Ho Wah Genting Capital P.L · Company Background Dato Lim Hui Boon Dato Lim Hui Boon is the Group President of Ho Wah Genting Group of Companies, Vitaxel Group (USA) Limited and Vspark

The Flow of Funds diagram illustrates that HWGG Capital P.L.C is the only party who can issue HWG Cash

into circulation (create) and take them out of circulation (destroy) to ensure system solvency is

maintained.

There are five steps in the business process flow of HWG Cash, best illustrated via a diagram.

BLOCKCHAIN ECOSYSTEMS08

Flow of Funds Process

FiatIn

FiatOut

HWGG CapitalP.L.C.

HWG CashIssued

HWG CashSent

HWG CashSent

HWG CashRedeemed

HwgXUser

HwgXUser

HwgXMerchant

1 5

2

3

4

Step 1 - User deposits fiat currency to HWGG

Capital P.L.C’s bank account.

Step 2 - HWG Cash will be generated and credits

to the user’s HwgX wallet. HWG Cash

circulating supply increases. Amount of

fiat currency deposited by user = amount

of HWG Cash issued to user (ie. USD

10,000 deposited = HWG Cash 10,000

issued)

Step 3 - Users transact with HWG Cash. The

users can transfer, exchange and store

HWG Cash via HwgX app or any ERC-20

compliant wallet.

Step 4 - The user deposits HWG Cash with

HWGG Capital P.L.C for redemption

into fiat currency.

Step 5 - HWGG Capital P.L.C sends fiat currency

to the user’s bank account.

Page 11: Ho Wah Genting Capital P.L · Company Background Dato Lim Hui Boon Dato Lim Hui Boon is the Group President of Ho Wah Genting Group of Companies, Vitaxel Group (USA) Limited and Vspark

BLOCKCHAIN ECOSYSTEMS09

HWGG Capital P.L.C is a part of the Ho Wah Genting Group of companies. Our group’s experience and

foundation were built from the travel and entertainment industry itself, catering to end market users

with different needs and wants ranging from budget to luxurious tailored program.

For many years we have been offering exclusive travel products, entertainment packages and rewarding

membership programs to the mass market. With increased competition in the travel and entertainment

industries, we believe innovation and adaption to new technologies are essential to keep our business

ahead of the tide.

With the launch of HwgX Wallet app and introducing our fiat-pegged HWG Cash tokens, we are in the

right path to incorporate the world of travel and entertainment with fintech for the benefit and

convenience of end-users.

Being a travel agency and junket operator ourselves, the company and associated partners will enable

the acceptance of HWG Cash as payment solution for all our products and services at launch. Users will

be able to utilize HWG Cash to transact for purchasing of tailor-made travel packages or even for

entertainment services provided by our partnering entities such as the Resorts World Manila,

Starcruises, Genting Dream and many more!

Entertainment, Travel,Rewards and More

Exciting Travel Destinations

Page 12: Ho Wah Genting Capital P.L · Company Background Dato Lim Hui Boon Dato Lim Hui Boon is the Group President of Ho Wah Genting Group of Companies, Vitaxel Group (USA) Limited and Vspark

BLOCKCHAIN ECOSYSTEMS10

In line with our project roadmap, we will be launching a merchant payment system into the HwgX

ecosystem to provide users with more option and avenue of spending their blockchain assets aside from

travel and entertainment. Online and offline business would be able to use HwgX as a platform for

blockchain assets payment settlement to further expand their business without having to worry about

market risks such as price fluctuation and liquidity.

On top of that, our HWG Cash tokens can be used as paired cryptocurrencies for exchanges. Exchange

operators understand that accepting fiat deposits and withdrawals using legacy financial systems can be

complicated, risky, slow, and expensive.

By offering HWG Cash, an exchange can relieve themselves of the above complications and gain

additional benefits, such as:

• Accept HWG Cash as deposit/withdrawal/storage method rather than using a legacy bank or payment provider

• Allows users to move fiat in and out of exchange more freely, quickly, cheaply

• Outsource fiat custodial risk to HWGG Capital P.L.C

• Easily add HWG Cash as trading pairs to the platform

• Secure customer assets purely through accepted crypto¬processes

• Multi¬signature security, cold and hot wallets, HD wallets, etc

• Conduct audits easier and more securely in a purely crypto environment

Exchange users know how risky it can be to hold fiat currencies on an exchange. With the growing

number of insolvency events it can be quite dangerous. As mentioned previously, we believe that using

HWG Cash exposes exchange users to less counterparty risk than continually holding fiat on exchanges.

PAYMENTCOMPLETE

Merchant displayhis wallet QR codeaddress.

Scans merchantQR code and sendsuser amount.

Both merchant anduser receive paymentconfirmation.

HwgX QR Code Payment Process.

Page 13: Ho Wah Genting Capital P.L · Company Background Dato Lim Hui Boon Dato Lim Hui Boon is the Group President of Ho Wah Genting Group of Companies, Vitaxel Group (USA) Limited and Vspark

A Token Placement is an event in which a new cryptocurrency project place part of its cryptocurrency

tokens to early adopters and enthusiasts in exchange for funding. For the party offering the token for

placement, this has become a new and modern way to raise capital to upscale and existing product or

services.

The placement by the Distributor of HWG LIVE tokens in connection with a token placement to you

as a subscriber thereof, will be subject to and governed by the T&Cs – which is a separate document

setting out the terms and conditions of the agreement as between the Distributor and you in relation

to the HWG LIVE Token Placement. In the event of any inconsistencies between the T&Cs and this

Whitepaper, the former shall prevail.

The Distributor will be an affiliate of HWG Group and will deploy all the proceeds of placement of

HWG LIVE Tokens in connection with the HWG LIVE Token Placement to fund Ho Wah Genting

Group’s cryptocurrency project, business and operation.

Unless the context requires otherwise, references to “we” or “us” in connection with the HWG LIVE

Token Placement shall be construed as reference to the distributor.

The HWG LIVE Token Placement is hereby announced on:

1st of July 2018

10AM Malaysia Time

Official Website

www.hwglive.tech

BLOCKCHAIN ECOSYSTEMS11

What is a Token Placement?

HWG LIVE Token Placement Prospectus

Page 14: Ho Wah Genting Capital P.L · Company Background Dato Lim Hui Boon Dato Lim Hui Boon is the Group President of Ho Wah Genting Group of Companies, Vitaxel Group (USA) Limited and Vspark

BLOCKCHAIN ECOSYSTEMS12

Why a Token Placement?

HWGG Capital P.L.C strive to be the main driving force for commercialization of blockchain technology

into day-to-day life of users and merchants. To achieve that, we would have to recruit additional

developers, marketing personnel, a legal team, designers and many other talents that will require

additional funds. Offering a token placement instead of a traditional corporate exercise enables the

community to participate in HWG LIVE’s success story, rather than limiting it to a small, selected

number of investors. Furthermore, by issuing additional bonus of HWG Cash tokens for initial

subscribers, they will benefit from HwgX’s future success. An Initial Token Sale is fast, transparent and

efficient.

General Token Placement Overview

On 1st of July 2018, we will offer up to total of 30% of all HWG LIVE tokens to be subscribed by

interested parties in the HWG LIVE Token Placement under the ticker symbol HWG LIVE with the initial

10% to be offered. A further 10% of the tokens will be offered on 1st of August 2018 and 1st of

September 2018 respectively, with different bonus entitlement to HWG Cash tokens. On top of that,

10% of HWG LIVE tokens will be allocated to the HWG LIVE associates consisting of founders,

employees, developers, designers and partners as an incentive to ensure long term alignment of

direction and commitment to the HWGG cryptocurrency projects and their future value. Further details

of the distribution of tokens are set out below. The remaining tokens (60%) will be reserved specially for

the purpose of conversion only of HWG Cash owners/users.

Each HWG LIVE token will be sold for USD 1.00 each with a minimum purchase amount of 100 HWG

LIVE tokens per transaction.

We will accept a maximum (fixed limit) of USD 30,000,000 for placement of HWG LIVE tokens in the

HWG LIVE Token Placement. The HWG LIVE tokens created for such maximum amount contributed

will in turn represents 30% of all HWG LIVE tokens. Should this amount be reached before the end of

sale on 30th September 2018, which is 12 weeks after the token placement commencement date, we will

cut off the placement.

In the case of an amount of contribution falling below such maximum amount, the percentage of 30% of

all tokens will be adjusted accordingly, with the difference between such lower amount and the

maximum being reserved for future token placement.

Placement subscribers of HWG LIVE tokens will be entitled to bonus up to 20% worth of HWG Cash,

which is spendable through our HwgX app. In effort to promote and reward loyalty of the placement

subscribers of HWG LIVE tokens for the holding period of 24 months (trade restricted), the company is

offering subscribers a holding premium of 5% per annum of the amount subscribed. This is only

applicable to initial subscribers. Subsequent holders are not entitled to the holding premium. The

payment will be paid in HWG Cash (HWGC), or the closest equivalent thereof in the case where HWGC

is replaced by another cryptocurrency in the future. This premium incentive for initial subscribers of

HWG LIVE will greatly benefit all HWG LIVE holders as the it helps create price support and stability.

Page 15: Ho Wah Genting Capital P.L · Company Background Dato Lim Hui Boon Dato Lim Hui Boon is the Group President of Ho Wah Genting Group of Companies, Vitaxel Group (USA) Limited and Vspark

Go-to Market Strategy

BLOCKCHAIN ECOSYSTEMS13

Project Roadmaps

July 2018Token Placement

September 2018End of TokenPlacement

December 2018Intergration with Virtual CurrenciesExchanges

November 2018Proposed ListingDate of HWG Liveon Exchanges

October 2018 HwgX Merchant System Operation.

August 2018Launch of HwgX app (iOS/Android)

JUL AUG SEP OCT NOV DEC

• Roadshows• Influences• Press and Publication

• Education• Social Media Marketing• Traditional News Outlet

• Cryptocurrency Exchanges • Financial Institution• Online/Offline Businesses

Ecosystem

Public

Partnerships

• Remittance Service Providers • Social Gaming Companies

Page 16: Ho Wah Genting Capital P.L · Company Background Dato Lim Hui Boon Dato Lim Hui Boon is the Group President of Ho Wah Genting Group of Companies, Vitaxel Group (USA) Limited and Vspark

BLOCKCHAIN ECOSYSTEMS14

HWG LIVE Token Placement Summary

HWG LIVE’s vision is to introduce and promote

the commercial value of blockchain technology

to day-to-day life.

Project Description

HWGLTICKER SYMBOL

The HwgX Wallet is a lightning fast multi-asset

cryptocurrency wallet supporting all ERC-20

compliant tokens.

HwgX Wallet Description

HWG Cash is an ERC-20 Compliant token built

for the purpose of quick and safe settlement

within the merchant system. HWG Cash

HWG LIVE is built as an ERC-20 token on the

Ethereum smart contract blockchainToken Background

1st of July 2018Start Date

31st of October 2018End Date

1 HWG LIVE token equals 1 United States DollarInitial Token Placement Price

10,000 HWG LIVE tokensMinimum Quantity

20% HWG Cash Bonusa) 1st of Jul – 31st Aug, 2018

10% HWG Cash Bonusb) 1st of Sep – 30th Sep, 2018

5% HWG Cash Bonusc) 1st of Oct – 31th Oct, 2018

30,000,000 HWG LIVE Total Token Placement Amount

12 months (Trade Restricted) Holding Period

Premium of 5% of the token purchase amount

up to maximum of 2 yearsHolding Premium

Fiat (United States Dollar), Bitcoin (BTC) and

Ethereum (ETH) (for other form of payments,

kindly contact us at [email protected]) Accepted Form of Payments

30%Total Percentage of all HWG LIVE tokens

for placement, through 3 offering

Page 17: Ho Wah Genting Capital P.L · Company Background Dato Lim Hui Boon Dato Lim Hui Boon is the Group President of Ho Wah Genting Group of Companies, Vitaxel Group (USA) Limited and Vspark

HWG LIVE Token Placement Timeline

Commencement of

HWG Live Token Placement

First 30 Days Bonus

Next 30 Days Bonus

Last 30 Days Bonus

End of HWG Live Token Placement

Distribution of HWG Live Tokens

Commencement of Trading

1st July 2018

20% of HWG Cash

10% of HWG Cash

5% of HWG Cash

31st October 2018

5 working days after the end of the HWG Live

Token Placement

Planned listing to exchanges in the last quarter

of 2018

BLOCKCHAIN ECOSYSTEMS15

Page 18: Ho Wah Genting Capital P.L · Company Background Dato Lim Hui Boon Dato Lim Hui Boon is the Group President of Ho Wah Genting Group of Companies, Vitaxel Group (USA) Limited and Vspark

Funding Breakdown

As mentioned earlier, the funds raised through the Token Placement will be used to fund the

development of the group’s cryptocurrency project. It is important for the HWG Live community

understands how these funds will be allocated. The pie-chart illustrates the fund allocation:

• Development (Product/System): The largest portion of the funds raised will be allocated towards

recruiting talents and working with other companies to further develop the product and system

to enhance security, usability and efficiency in order to seamlessly introduce the blockchain

technology into the mainstream adaption.

• Sales and Marketing: In order for the products achieve its full commercial potential, we must spend on

education and marketing to gain exposure to the technology. The 2nd largest portion of the funds will

be spent on recruiting the best marketing experts to drive this project onwards with effective, lean,

and cost-efficient marketing efforts.

• Admin and Operation: The group intend to run a very lean, cost-effective team while adhering to the

highest standard. We aim to be the main driving force to introduce these technologies and products

to not only the local but also international market, there will be operational costs associated with

accounting and administrative overheads to take care of the business processes.

• Legal: One of our primary focuses was to establish a solid legal foundation for HWG Live and its products.

We have our in-house legal and compliance in order to be in line with our operating countries’ requirement

to further raise awareness for this one-of-a-kind technology.

• Others: A small portion of the funds will be allocated for miscellaneous cost and also act as an

emergency fund pool.

BLOCKCHAIN ECOSYSTEMS16

40%

30%

10%

10%

10%

Other

Development(Product/System)

Legal

Sales andMarketing

Admin andOperation

Funds Allocation

Page 19: Ho Wah Genting Capital P.L · Company Background Dato Lim Hui Boon Dato Lim Hui Boon is the Group President of Ho Wah Genting Group of Companies, Vitaxel Group (USA) Limited and Vspark

HWG LIVE Token Placement Procedure

To participate in the HWG LIVE token placement, we accept the following currencies:

• United States Dollar (USD)

• Bitcoin (BTC)

• Ethereum

• Others (for other form of payment, kindly contact us at [email protected])

All payments received for HWG Live tokens in connection with the HWG Live Token Placement will be

sent to the designated account of HWGG Capital P.L.C. which is registered and governed by the Labuan

Financial Services Authority to conduct money broking activities for approved cryptocurrencies.

The tokens will be delivered to the purchasers through our HwgX Wallet after the purchase.

Transferability will start from the first day of distribution, which is planned to start anytime in July 2018.

BLOCKCHAIN ECOSYSTEMS17

Conclusion

We at HWGG Capital P.L.C believe that the blockchain technologies and cryptocurrencies payments are

the right direction into the future. In order to make this viable, we aim to connect the blockchains in the

background and offer the user an easy-to-use interface so he has instant access to any of user’s

blockchain assets at maximum convenience.

With HWG Live Token Placement to be offered, a wide range of individuals will have the opportunity to

participate in our long-term growth and success story to fundamentally change the world of payments,

transactions, travel and entertainment.

Our grand vision is for any assets on any blockchain, be it real estate, gold or cryptocurrency, to be as

spendable as a $100 bill in your pocket.

Be part of our journey and join the HWG Live Token Placement. We are looking forward to welcoming

you on-board.

Page 20: Ho Wah Genting Capital P.L · Company Background Dato Lim Hui Boon Dato Lim Hui Boon is the Group President of Ho Wah Genting Group of Companies, Vitaxel Group (USA) Limited and Vspark

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Wisma Ho Wah Genting,35, Jalan Maharajalela, 50150 Kuala Lumpur.

www.hwglive.tech