Pitch Deck - cypherium.io€¦ · Pitch Deck Decentralized smart contract platform for creating and...
Transcript of Pitch Deck - cypherium.io€¦ · Pitch Deck Decentralized smart contract platform for creating and...
Pitch Deck
Decentralized smart contract platform for creating and connecting CBDCs, Enterprise Applications, dApps, and Digital Assets
CONFIDENTIAL
Table of Contents
1. Company
2. Market
3. Technology
4. Team
5. Fundraising
6. Goals
2CONFIDENTIAL
We are one of the first blockchain companies to develop real, tangible blockchain applications with the world's largest Internet company, Google, and the world's largest Human Resource firm and Fortune 500 company, Randstad
Our most important innovation, decentralized identity layer, combined with our permissionless consensus and smart contracts, serve as the key foundation for future CBDC integration and other potential applications
We have already shifted our focus from general consensus about “thousands of TPS”, “blockchain trilemma”, or “sharding” to real killer apps, which are considered the Holy Grail of blockchains
2020 is seen as the beginning of blockchain's mainstream adoption and we are already at the frontier of this new revolution
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Season of Killer Apps
CONFIDENTIAL
Thriving Ecosystem amidst the Market Downturn
• Interoperability Solution for China’s DC/EP
• Enterprise blockchain application with Randstad on Google
• First Public & Permissionless expression of the HotStuff Algorithm
(adopted by Facebook’s Libra in permissioned way)
• Blockchain advisor for the European Central Bank, Central Bank of
the Netherlands, Bank of France, People’s Bank of China, and
Federal Reserve Board
PARTNERSHIPS HIGHLIGHTS
Public Confidence | Legacy Integration | Real World Application Speed| Security| Decentralization
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MarketOpportunities
1. Market for Central Bank Digital Currency (CBDC)
2. Market for Enterprises
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65%28%
7%
Crypto MarketBTC : $0.165 T Rest of Market : $0.267 T ETH : $0.021 T
Bitcoin Dominates Today’s Crypto Market
Industry Built on the Principles of Bitcoin
Bitcoin dominates and captures 65% of the total market share at a $165B market cap
Remaining Alt-coins capture 35%, and Bitcoin’s only real contender and leading smart-contracts platform, Ethereum trails second, capturing 7.5% of the market at a $21B market cap
$267BGlobal Crypto Market today
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CBDC MarketCBDC in Circulation : $37 T Crypto Market Today : $0.267 T
99%1%
Times are ChangingThe Biggest Use Case of Blockchain will not be Bitcoin, but CBDCs
Approximately $37 trillion USD in circulation around the world. In the next few years, we believe that all paper fiat
currencies will be digitized. Cypherium is integrating its solutions to the newly realized CBDC financial system and
will capitalize in this multi-trillion dollar market opportunity
China has already started testing CBDCs while the
European Central Bank and Bank of France are experimenting with CBDCs
Next Trillion Dollar Market
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• CBDCs are built on permissioned systems and various technical foundations. Two CBDCs issued by different central banks cannot directly exchange with each other
• Current interoperability solutions are based on transactions for two cryptos and do not facilitate exchanging crypto with CBDCs because of a problem with verifying digital identity. Cryptos are anonymous but CBDCs are real-name. In short, current solutions cannot facilitate cross-chain exchanges between CBDCs and Cryptos
• Data privacy protection and fast information exchange are hard to balance
Barrier to Interoperability: Immature Technology Foundation
Barriers to CBDC Adoption
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Solutions for CBDC Adoption
• 24/7/365 available, real-time intermediary for exchanging digital currencies, including CBDCs, Bitcoin, Alt-coins, and Stable-coins like Libra
• ISO 20022 compliant and can seamlessly be embedded with the the current financial system
Digital Currency InteroperabilityFramework (DCIF)
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• CypherLink: Notary scheme cross ledger framework
• Cypherium Connect: Third party plugin module for banking systems
• Cypherium Validator: Verification machine
• Cypherium ID: Decentralized ID authentication system
TOOLS FEATURES
CONFIDENTIAL
Go to Market Strategy for CBDC Adoption
Current Offering Go to Market Strategy Expansion
China’s DC/EP Interoperability Solution
Our on-going strategic partnerships with OMFIF, USFPC, and IC3, give us exclusive membership privileges and access to the world’s central banks and financial institutions
We will continue to leverage our extensive network by participating in round table discussions with government leaders and generate more meaningful use-cases
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OMFIF Digital Monetary Institute - Round Table Discussions
Although COVID-19 has stagnated much of the world’s economic activity and professional engagement,
we have taken proactive measures to prepare for the CBDC revolution. In addition to our China DC/EP use case,we are advising a series of virtual discussions on the “Future of Money” with the world’s Central Banks
So far, we have advised virtual meetings with the Central Bank of the Netherlands, the European Central Bank, the
Bank of France. We have more round tables scheduled for the coming weeks. We are also meeting with theFederal Reserve Board and the People’s Bank of China to further integrate our services
Central Bank of Netherlands European Central Bank
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CBDC Use Case
Expresses the cutting-edge features of the Cypheriumblockchain without Sacrificing the security and scalability required for China’s national currency, RMB
Decentralized identity-authentication for both practical anonymity and retrievable KYC necessary to combat criminality and terrorism
Integrates China’s DC/EP with business applications, legacy transaction systems, and parallel blockchain systems
Supports cross-chain transactions between China’s DC/EP and any other CBDCs or other digital currencies through tools like CypherLink (a notary scheme cross-ledger framework), Cypherium Connect (a third-party plug-in module for banking systems), and Cypherium Validator (a verification machine)
DCIF with China’s DC/EP
B Pr
eim
age
A Preim
age
Clearing BankA Accounts
CBDC BCBDC A
Bank BBank A CypherLinkdata package
Shared Secrect
Clearing BankB Accounts
Prepare / Create Reject/ Confirm
CypherLinkdata package
CypherLinkdata package
CypheriumValidater
Consensus
Aggregate signature
Reject
A RejectB
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Rising Enterprise Blockchain Adoption
The Enterprise Blockchain Market will hit $27B by 2025 according to Fortune Business Insights
In Deloitte’s 2019 Global Blockchain Survey, more than 60% of companies in the Professional Service, TMT, and IP&C industries strongly believe blockchain will enable new business functionalities and revenue streams
Increasing adoption with increasing maturity of blockchain technology
Infosys Insights:Structured Approach to Blockchain Adoption
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Barriers to Global Enterprise Adoption
• At times, blockchains run into conflict with
existing systems
• Distributed systems are difficult to manage and
upgrade
Immature TechnologyFoundation
Lack of Incentives Lack of Coordinated Participation
Clash with CurrentlyAdopted Models
• Lack of scalability, finality and
security seen with BTC and ETH
• Unfriendly developer experience
and requirements of special skills
• Enterprises lack incentives to replace
existing systems with blockchains
• Private blockchain requires investments in hardware and staff
• Blockchains involve more than one party to
participate because they replace the trusted
intermediary between two parties. However, it is
often difficult to find multiple parties to join a
blockchain at same time
IndustryPainpoints
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• Java Smart Contracts offers easy API
integrations of existing mobile and web apps
• No additional code migration needed
• Multi-level governance to ensure independence
of applications from protocol layer
Decentralized, Secure, andScalable Technology Framework
Compelling Incentives Coordinated Participation
New opportunities forcurrently adopted models
• 10,000 + TPS
• Low Fees
• Instant Finality
• Resistant to Sybil & 51% attacks
• Permissionless decentralization
• Public blockchain is maintained by an open community
• Cheaper, faster, and more secure than traditional intermediary services
• Our Interoperability framework serves as a gateway
for coordinated, cross industry participation
• Multiple programming languages available
for development
Solutions for Global Enterprise Adoption
CypheriumEnterprise
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Go to Market Strategy
Current Offering Go to Market Strategy Expansion
According to ibis world, the HR ServicesIndustry boasts a market size of over $500billion USD annually with over 7 million peopleemployed in the industry alone. If you factorin their clients the real value of personnelwould be closer several billion
We will begin on-boarding and servicingEnterprise customers starting with the HRServices and Professional Services Industry,which has evolved from a proof-of-conceptinto a real life, tangible application throughthe Randstad Case Study on Google Cloud
On-boarding1.Cloud Service Platforms2.Direct Referral
Randstad Case Study on
Google Cloud
Cypherium Enterprise
1. Software Licensing2. Technical Support
16CONFIDENTIAL
Enterprise Use Case
Randstad is the world’s largest HR and Fortune 500 company
with almost 40,000 employees, it supports people andorganizations in realizing their potential by combining the
power of today’s technology with its passion for people
Explored withRandstad Case Study on GoogleA symphony of data privacy and public verifiability
Painpoints• Centralized data storage risks the privacy of millions of users
• Slow and expensive manual verification tasks
Solutions• Instant verification from recognized official sources through a
system of digital signatures allows data to be handled transparently
and authentically, while maintaining the best privacy for
Randstad's clients and employees
• Authorities can publish hashes of digital certificates on the
Cypherium public blockchain, allowing Randstad to verify
information such as whether or not a certain employee candidate
has a driver's license without having to collect and store that user’s
data
• The separation between the presence of data and the sensitive
data itself through cryptographic hashing of digital certificates will
allow for cross-chain collaboration among different users and
enterprises
17CONFIDENTIAL
TechnologyOverview
1. Permissionless HotStuff (CypherBFT)
2. Cypherium Virtual Machine (CVM)
3. Cypherium Token (CPH)
4. Multi Governance & Customized Protocols
5. Cypherium ID
6. Cypherium Mobile Wallet
Back-End
Front-End
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• Full Nakamoto decentralization through Proof-of-Work
• Low Barrier to Developer Adoption
Scalability• 2,500 - 5,000 TPS in Testnet /10,000 + TPS in Mainnet
• Fees < $0.1 USD
• Instant Finality(0-3 seconds due to network latency)
Security• Resistant to Sybil & 51% Attacks
• Byzantine Fault Tolerant
• Sandbox Security Isolation
Decentralization
Cypherium is Libra Going PermissionlessCypherium’s CypherBFT is based on the same consensus algorithm as Libra’s LibraBFT, HotStuff, and we enable full permissionlessmembership with our proprietary reconfiguration mechanisms. We have filed patents for our inventions and can be viewed at Github
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Cypherium Vs. LibraThe Libra 2.0 whitepaper has abandoned the goal of becoming permissionless and has been succeeded by Cypherium
Differences
Similarities
• Based on HotStuff consensus
•Offer smart contracts
• Support billions of accounts
• Instant transaction finality
Cypherium Libra
Dual chain Single chain
Permissionless Authentication needed
General-purpose Smart contract platform Payment Network
Java Move
Anonymous and real-name Real-name only
Governed by a peer-to-peer network Governed by the Libra Association
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JVM based operating system, like Android applications, can be seamlessly integrated
with traditional mobile and web apps
Supports 64-bit IntegersVM Level Safemath Safety ChecksEmbedded Computer Chip Compatible
Android OS + Apple iOS Java, Python, Ruby, R, and more
Cypherium Virtual Machine (CVM)Smart Contracts Built on Principles of Familiarity & Necessity
JVM Architecture Mobile Compatible Multiple Programming Languages
Fast Data TypesBuilt-in-Safety ChecksFixed Point Representation
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Cypherium Token (CPH)Tokens to Power our Innovation
Smart Contracts
dApps
Transactions
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ProtocolLevel GovernanceFreedom for Miners to adjust protocolparameters such as block size, miner fees, and virtual machine stack depths
ApplicationLevel Governance
Freedom for Developers to create, explore, and revise Smart Contracts
& Applications
Multi Governance & Customized Protocols Our Participants are the network, and our governance aims to reduce conflict and foster participation
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Cypherium IDThe main architecture of Cypherium decentralized ID is a PKI based digital identity solution compatible with existing IT system infrastructure and protects user’s personal data from massive breaches
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Users Business Identity provider Supervision
Transactioninterface
Identity interface layer
Identity authenticationinterface
Queryinterfaces
Superviseinterfaces
Security communication interface
Service
Distributed storage system
Membermanagement
Register
Authentication
Authentication
Block service
Smart contract
VM Distributed ledger Smart contract for identity authentication
RPCP2PDistributed ledgerConsensus
CONFIDENTIAL
a mobile-first philosophy
Cypherium Mobile Wallet
Front End Features
• Basket of digital currencies includingCBDCs, Stablecoins, Altcoins, and Bitcoin
• Blockchain Explorer and Information Aggregation tools
•Mobile Light Node
• Double-offline payment
Current Features
Future Integration
•Mini program plugin for Smart Contracts
• CPH management and exchange
25CONFIDENTIAL
Future Objectives
A secure vault to combat the increasingthreats to data privacy
An instant ledger to processreal-time transactions for billions of users
A smart contract platform to enable enterprise use cases for all industries
A trusted database to connect isolated data islands around the world
An open network to enfranchise any participant or contributor
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Vision
CONFIDENTIAL
Team
1. Executive, Business & Advisory Team
2. Development Team
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Executive Team Business Team
Dr. Solomon ZhangChief Technical Officer
• Designed Cypherium’s high-level architecture and data structure
• University of Science and Technologyof China - Ph.D.
• University of Massachusetts Amherst - Scholar
Sky GuoChief Executive Officer
• UN Blockchain Adviser
• Caixin Media Columnist
• Nasdaq Blockchain Analyst
Jake Orbison Blockchain Researcher
• Yale University - B.A.
• University of Cambridge - M.Phil.
James ChangHead of Business Development
• Cornell University - B.S.
Hobai Gong
• Columbia University - B.A.
Advisors
Javier FarfanPrincipal, Strategic Adviser at
J Wolf Advisors
• Senior Marketer at Verizon, PepsiCo, and Microsoft.
• Former CMO at Cypherium
2019 – Present
Dr. Bryan FordProfessor at Swiss Federal Institute of
Technology in Lausanne (EPFL).
• Director at Decentralized/ Distributed Systems (DEDIS) lab )
2019 – Present
Jeremy GardnerPartner at Ausum Ventures
• Director for the College
Cryptocurrency Network
• Founder at Augur
2017 – Present
Dr. Emin Gün SirerProfessor at
Cornell University
• CEO at Avalabs• Co-Director of the Initiative for
Cryptocurrencies and Smart Contracts (IC3).
2017 – 2019
Ted YinChief Protocol Officer at Avalabs
• Cornell University – Ph.D.
• First author of the HotStuff algorithm.
• Co-founder at Avalabs
2018 - 2019
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Development Team
Dr. Ares Xe Yu Senior Blockchain Engineer
• Researched and designed Cypherium’sfault tolerance feature
• Amazon Web Services Product Development and Software Engineering - Team Leader
• University of Massachusetts, Amherst - Ph.D.
Dr. Sicong ZhuangSenior Blockchain Engineer
• Researched and designed Cypherium’sVM feature
• Barcelona Supercomputing Center - Ph.D.
• IBM Zurich Lab - Researcher
Ron LiuSenior Blockchain Engineer
• Developed Cypherium’s blockchain explorer
• Zx Ventures - Senior Full Stack Developer
• Seek - Senior Developer
QianDong YangSenior Blockchain Engineer
• Architected Cypherium’s consensus layer andsmart contract layer
• Huawei Technology - Blockchain Lead
Mohan AnanthakrishnanSenior Blockchain Engineer
• Developed Cypherium’s Java Smart Contract
Compiler and Translator
• Microsoft Product Development and Software
Engineering Team Leader
Luke LuSenior Blockchain Engineer
• Developed Cypherium’s core system architecture,
including consensus protocols and operating
mechanisms
• Nanjing University of Posts and Telecommunication -
B.S.
Jaxon ZengSenior Blockchain Engineer
• Deployed the Cypherium test environment to over 100 distributed servers
• Changsha University of Science and Technology -B.S.
Senior Blockchain Engineer
• Researched and implemented Cypherium’snetwork layer and mining algorithm
• Chipcoo - Full-stack web engineer
• Invetech Pty. Ltd - Embedded software engineer
Hui Zhou
29CONFIDENTIAL
FundraisingOverview
1. Fundraiser
2. Token Allocation
3. Road Map
30CONFIDENTIAL
• Private Round
• Ended : January, 2018
• Supply : 400,000,000 CPH ($0.06/token)
• Raised : 20,000 ETH / 100% Sell-through Rate
• Participants : Institutional backers / Founding Community Members
• Public Round
• Q2 – Q3 2020
• Supply : 400,000,000 CPH ($0.2/token)
• Monitoring Sales Volume
• Participants : Institutional backers / Global Community Members
Fundraiser
Pre-Sale Round 1
Final Round Pre-Sale
Round 1 Sales -Individual vs Institution
Individual Institution
33%
67%67%
31CONFIDENTIAL
CONFIDENTIAL
Token Allocation
ALLOCATION AMOUNT (CPH) % OF TOTAL SUPPLY ISSUANCE
Round 1 Pre-sale 400,000,000 5% Apportioned at Mainnet Launch
Final Pre-sale 400,000,000 5% Apportioned at Mainnet Launch
Partners & Adviser 200,000,000 2% Apportioned at Mainnet Launch
Team Reserve 1,848,000,000 22% Vesting for 2 Years upon Mainnet Deployment
Marketing 672,000,000 8% Vesting, with exceptions for Necessity Use
Operations 1,008,000,000 12% Vesting, with exceptions for Necessity Use
Treasury for Future Use 2,300,000,000 27% Vesting, with exceptions for Necessity Use
Miners 1,600,000,000 19% Apportioned over 10 years a, 5% Rate of Inflation
TOTAL SUPPLY(accrued 10 years) 8,400,000,000 100%
1,000,000,000 CPH Initial Mainnet Supply
*1,000,000,000 CPHAnticipated Circulating Supply at Mainnet Launch (Round 1 Pre-sale + Final Pre-sale + Partners & Adviser)
32CONFIDENTIAL
Road Map
January 2018 Partnership: IC3
February 2018 Pre-sale Round 1
March 2018 Cypherium Virtual Machine
September 2018 Cypherium Enterprise
2018February 2017 Cypherium White Paper
August 2017 Cypherium Development
2017
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January 2019 Public Test Net & Explorer
May 2019 Partnership: IBM & Amazon
June, 2019 Partnership: USFPC
August 2019 Partnership: Google
2019 2020February 2020 Use-Case: Randstad on Google Cloud
March 2020 Partnership: Chainlink
April 2020 Partnership: Microsoft
May 2020 Partnership: OMFIF(Official Monetary and Financial Institutions Forum)
Q2-Q3 2020 • Final Token Presale• Mainnet Net Launch• Token Distribution
Q4Joint Research with Industry Leaders
2021 • Implement Parallel Processing• Adapt Private Computing• Generate more enterprise use cases• Form an alliance with central banks,
commercial banks, enterprises, and key industry players
2022• Integration with IoT, Smart Cities• Establish Cypherium Research
Institute
2021-2022
CONFIDENTIAL
Contact Us
https://t.me/cypherium_supergroup
https://www.reddit.com/r/Cypherium
http://cypherium.io
https://twitter.com/cypheriumchain?lang=en
https://open.kakao.com/o/ghgVo4Ob
34CONFIDENTIAL