Real Estate Platform BUY SELL RENT HOTEL BOOKINGS WHITEPAPER

Transcription

1 Real Estate Platform BUY SELL RENT HOTEL BOOKINGS WHITEPAPER

2 INFRACOINS TABLE OF CONTENT 01 ABSTRACT 1 02 INTRODUCTION 2 03 WHY INFRACOINS? 3 04 WHAT IS INFRACOINS? 4 05 BLOCKCHAIN TECHNOLOGY 5 06 HOW INF WORKS 6 07 USE CASE 7 08 PROJECT ARCHITECTURE TECH STACK DISTRIBUTION & SUPPLY TEAM STRATEGY ROADMAP INITIAL COIN OFFERING LEGAL NOTICE 22

3 1 ABSTRACT. The listing and travel industry is dominated by a handful of companies which, through market power and industry politics have created a highly concentrated market. They are able to charge superior margins, cause double marginalization, and in some cases simply collect subscription. Subscription collection and loftier margins blow up the cost of supply, with consumers eventually bearing the theatrically augmented cost. The consolidated nature of listing platforms create a situation where the intermediaries have no incentive to use new technologies instead they spent resources on locking their customers into using the current system. Current archaic technological solutions hinder innovation and create extremely high barriers to entry for new platforms. The blockchain space represents the future of hotel booking and property listing. InfraCoins aims to assist in enabling these services to reach the threshold of transition from fiat to crypto by developing a platform focused on the practical application of smart contracts and blockchain technology in hotel booking and property transactions. Built on the blockchain, it is a decentralized open source booking and listing system. With an integrated marketplace that enables hoteliers and property owners, to list their properties to buy/sell/rent, manage bookings and collect payments, this ecosystem is set to break the current norms.

4 2 INTRODUCTION. Crypto-currencies are still in childhood phase, and blockchain technology provides a world of possibilities for practical applications that extend far beyond the financial sector.,, VIRTUAL CURRENCIES MAY HOLD LONG- TERM PROMISE, PARTICULARLY IF THE INNOVATIONS PROMOTE A FASTER, MORE SECURE AND MORE EFFICIENT PAYMENT SYSTEM. - BEN BERNANKE InfraCoins embraces this technology to open a decentralized marketplace in the hotel booking and property sector. Harnessing existing technologies and concepts hotels and accommodation listings, online booking and purchasing, and by building the first integrated marketplace that uses the decentralized INF ledger, InfraCoins.com will challenge the market dominance of online hotel booking aggregators, property brokers, travel agents, and payment processors. InfraCoins provides a platform that charges low transaction fees, as it brings the consumer and producer together with no third party involved, thus providing direct benefit to both the parties. According to even those who embrace cryptocurrency culture, more than nine out of ten ICO based start-ups are likely to go to the wall. Expectations of success from the experts are less optimistic than even for regular start-ups. We believe that to a large extent, this is due to the misbalance between the complexity of the technical aspects of the projects and the actual business use of the services that users are not able to validate within a reasonable amount of time after the token sale. Waiting 2 years for a technology to be developed and then to begin thinking on how other businesses can adopt that technology seems to be a challenging concept. This is why our goal is to launch a decentralized engine in combination with a user-friendly marketplace which will be fully integrated to the engine as an immediate proof of concept.

5 3 WHY INFRACOINS? THE PROBLEM Technological evolution has led to the disruption of multiple sectors in recent years. Despite so many other industries having been successfully disrupted in recent years (retail, social media, transportation), the property listing space remains mired in tradition and lacks comparable innovation. The process of hotel booking and long-term rentals still results in frustration and lost time for both the customers and clients. There has not yet been technological disruption significant enough to usher in a new and better way to rent and book. Here at InfraCoins, we aim to change that. Global practices for hotel booking and rental process still include listings in the form of simple classified ads in print publications or on sites like bookings.com, Airbnb.com Craigslist, Zillow, Rightmove and Zoopla which provide limited information about a particular property for prospective tenants and essentially no support for actionable items, such as the application process, contract execution, collection, and maintenance requests. THE SOLUTION Today, InfraCoins offers users a fully operational, web-based hotel booking and long-term rental, listing platform. Our goal is to leverage blockchain technology to ensure a seamless hotel and rental booking experience which will allow the entire rental application, rental contracts, booking hotels process and listing to be completed quickly and online. It is still common practice to complete many tasks manually. This includes prospective landlords, accepting paper checks or cash, rent payments, releasing of deposits, calling hotels to confirm if the payment is received, booking is confirmed, etc. In addition, agents and brokers sometimes charge significant fees for minimal services, and landlords force tenants to freeze thousands of dollars in rental deposits. International renters face problems qualifying to rent overseas as their credit scores and credit histories are only valid in their country of citizenship or in the country in which they are legally qualified to work and live in at the moment. Using InfraCoins, property owners and travelers in countries across the globe will have the opportunity to enjoy a transparent and universally applicable platform for listing their properties for rental or commercial purpose. Also with our INF tokens customers will be able to book hotels anywhere in the world with low transaction/commission fee.

6 4 WHAT IS INFRACOINS? InfraCoins is a decentralized property listing ecosystem that will use blockchain technology to make the listing process less costly, more convenient and secure. InfraCoins technology reduces traditional frustrations, scam rates, time delays, and friction points in the hotel booking and rental process to benefit both customers and clients. Although the costs and characteristics of housing and hotels vary across the world, residents of many countries experience the same problems in the long-term rental and hotel accommodation space. InfraCoins mission is to offer a solution that will be equally efficient for residents across international borders. Blockchain & Smart Contracts One particularly important application of blockchain technology comes in the form of smart contracts. Smart contracts are self-fulfilling agreements between network members. Any information inserted into these contracts is automatically treated according to a previously agreed-upon protocol. Since this protocol is the sole arbiter of the transaction, the transaction can be carried out transparently, free of conflict, and without expensive and timeconsuming middlemen or other verification processes. Traditionally, legally enforceable agreements have required the intervention of expensive lawyers and notaries who draft and validate contracts. Also, capitalization of ventures or creation of investment pools (e.g. securitization and emission of shares), as well as the mere acquisition and trading of shares in any such investments, are subject to an elaborate, and oftentimes opaque, procedure with many parties involved. The costs and delays associated with these lengthy processes be- come even greater in cases where parties disagree about contractual obligations. With smart contracts, agreement stipulations and enforcement functionality are already built in. This functionality includes when, how, and where a given payment or return is to be made. In short, smart contracts do both: define the terms of the agreement and automatically enforce applicable obligations. Once deployed to the blockchain, a smart contract is given an immutable address, and the deployed contract cannot be altered. That makes smart contracts a direct, secure way of agreeing on the exchange of money, property, shares, or practically anything of quantifiable value. The Ethereum blockchain, used by InfraCoins, is especially dedicated to the development and application of smart contracts. Ethereum is an open blockchain that works as a decentralized computer, and as such, its source code is nonproprietary and visible to all. Although Ethereum has its own cryptocurrency (Ether or ETH), it also accommodates other cryptocurrencies. InfraCoins adheres to the standards of the Ethereum blockchain (ERC20) and shares with Ethereum a philosophy of creating access and transparency.

7 5 BLOCKCHAIN TECHNOLOGY. ETHEREUM DAO ORGANIZATION ESCROW SMART CONTRACTS USING ETHEREUM We are witnessing a steady increase in the number of projects that try to launch their token sales without actually needing blockchain technology, which we believe is a major red flag. This is why we find it utterly important to explain why blockchain is absolutely necessary for our project and how its value depends on it. DECENTRALIZATION DISTRIBUTED DATA STORAGE BENEFITS OF BLOCKCHAIN.01 NEAR REAL-TIME The blockchain enables near real-time settlement of recorded transactions, removing friction and reducing risk, but also limiting ability to charge back.04 IRREVERSIBILITY The blockchain contains a certain and verifiable record of every transaction ever made, which mitigates the risk of double spending, fraud, abuse, and manipulation of transactions..02 TRUSTLESS ENVIRONMENT Blockchain technology is based on cryptographic proof, allowing any two parties to transact directly with each other without the need for a trusted third party..05 CENSORSHIP RESISTANT The crypto economics built into the blockchain model provide incentives for the participants to continue validating blocks, reducing the possibility of external influencers to modify previously recorded transaction records..03 DISTRIBUTED LEDGER The peer to peer distributed network records a public history of transactions. The blockchain is distributed and highly available; it also retains a secure source of proof that the transaction occurred.

8 6 HOW INF WORKS? TWO PARTIES AGREE TO TRANSACT USING INF THE INF CONTRACT MANAGES THE RELATIONSHIP BETWEEN THE PARTIES INF CONTRACT EXECUTES AND DEAL CLOSES The Decentralized INF Ledger is the engine that regulates all transactions and relationships between the hotels/ property providers and the clients. In its core, there are going to be rules and operations governed by smart contracts which will be deployed in the Ethereum Virtual Machine. The INF Ledger will keep record of all transactions and will regulate the transaction executions through client/ host driven smart contract triggers. The INF Ledger will run solely with the native INF token and any application that wishes to connect to the engine will have the freedom to provide added value services such as support of additional payment methods which they can convert into INF at the time of the booking. This can be done either through integration to external exchanges or by converting the currencies themselves with an internal algorithm. Some of the operations (but not limited to) the decentralized INF Ledger will run: - booking placement - booking confirmation policy (instant/or after review) - deposit holding - deposit release/refunding upon check-out - check-in requirements & upgrade possibilities - dispute trigger & dispute terms - deposit withholding - optional history/reputation requirement for customer - Listing of rental properties..and more The INF Ledger will be open source and free to use. This way we plan to nurture the development of a new world standard for accommodation that will be based on the native INF token. The more travel and rental sites connect to the INF engine, the higher the adoption of the INF token and its value will be. Since the INF Ledger will be an entirely new bookings backend, we find it of utmost importance to develop a fully integrated and operational marketplace application that will be connected with the INF Ledger and act as a front-end (from the paying customer s perspective). This way the decentralized INF Ledger in combination to the user-friendly application/marketplace will create an ecosystem that will be self-sufficient. Not relying on any external factors is of utmost importance for the success of the project and the token sale. For this purpose, we are planning to build the INF Ledger together with the InfraCoins.com web-based marketplace.

9 7 USE CASE IMPROVE PROPERTY SEARCH PROCESS Existing challenge: Inefficient property search process due to fragmented listings data Today, CRE brokers, owners, tenants, and buyers and sellers often use multiple listing services or MLS to access property-level data such as location, rental rates, capital values, and property features. These platforms are typically subscription-based, commanding high access fees from users. The accuracy and detail of property-level data is completely dependent on the preferences of the brokers, due to a lack of standardized processes and substantive human intervention. This may result in the information being inaccurate, dated, or incomplete. Further, the search process itself tends to be inefficient, as the data, in general, is fragmented across multiple platforms.5as a result, there are delays in decision-making for landlords and tenants, and low levels of trust on the quality of information available on MLS. The blockchain opportunity: Efficient and reliable property search A blockchain-based listing would enable data to be distributed across a peer-to-peer network in a manner that allows brokers to have more control over their data, along with increased trust, as listings would be more freely accessible. This enhanced, blockchain-enabled MLS would also provide clear details on property location and address, comparable rental rates, capital values, ownership history, tenant details, age of the property, and title clarity. As a result, market participants could have access to more reliable data at a lower cost. In fact, per a recent Deloitte survey of 308 executives, 36 percent of respondents perceive efficiencies (lower costs/ greater speed) as one of the key benefits of using blockchain technology. PROCESS - Users upload the property listing on the INF blockchain; free of charge - InfraCoins allows users across the platform to freely access data and also make transactions using INF Tokens. OUTCOME - Increased Transparency - Enhanced process efficiency and accuracy - Easier access to international listings - Lower transaction costs

10 8 USE CASE EXPEDITE PRE- LEASE/DEAL DUE DILIGENCE AND FINANCIAL EVALUATION Existing challenge: Time consuming, paper-driven, predominantly offline due diligence and financial evaluation process In a leasing or purchase and sale transaction, usually significant time is spent on due diligence activities related to financial, environmental, and legal review to assess rental rates/bid price. This is predominantly due to the use of physical documents for proof of identity, documents that are often stored in siloed places and have limited flexibility to be customized to suit various needs. For a property, these could include documents supporting the history of ownership income and expenditure, occupancy, tenants, and repairs and maintenance activities. This manual verification process increases administrative tasks and is prone to loss of information and errors. Further, involvement of numerous third-party service providers tends to elongate the due diligence process, and increase transaction related cost. Finally, if the buyer is financing the acquisition of the property with a mortgage or other third party financing, many due diligence steps and documentation are duplicated by both the buyer and the lender. The blockchain opportunity: Drive efficiency and accuracy in due diligence process InfraCoins will perform the KYC of the user digitally within minutes, by validating the documents and identification proof using AI and NLP. Once the KYC is approved, then users will be provided a trust worthy score, which can help the lender make the right decision of proceeding with the transaction. PROCESS - Buyer and seller log into the app and upload their required document proof - A selfie with the ID proof is captured using the mobile phone camera - Using advanced AI and NLP methodologies, the documents are validated and approved OUTCOME - Reduced transaction time - Enhanced data security - Less manual errors and duplication in verification process - In case, the documents are not clear, the user is asked to upload the documents again.

11 9 USE CASE EASE OF LEASING AND SUBSEQUENT PROPERTY & CASH FLOW MANAGEMENT Existing challenge: Complexity in managing ongoing lease agreements, property operations, and cash flows There are complexities in managing a property due to dependencies among landlords, tenants, property managers, and various vendors. Right from the start of a lease, there are numerous payment and service transactions that need to be executed, tracked, and recorded on a regular basis. As a result, real estate companies have rigorous accounting, compliance, and cash flow management needs and related costs. The blockchain opportunity: Smart contracts enable easier, transparent, and efficient management of property and cash flows Executing a real estate lease using smart contracts can address many of the challenges associated with property and cash flow management. According to Nick Szabo, a prominent thought leader of blockchain and smart contracts, a smart contract is a set of promises, specified in digital form, including protocols within which the parties perform on these promises. For the real estate sector, the traditional lease contract can morph into a smart tenancy contract. The use of a smart tenancy contract on a blockchain platform would enable transparency in lease terms and transactions. The contract could use rent or bonds for automated payments to real estate owners, property managers, and other stakeholders along with near real-time reconciliation. contract, and 40 percent believe there is value in recording PROCESS - Both parties digitally sign the smart contract (agreement), which includes details such as rental value, payment frequency, and tenant and property details. - Based on the terms of the contract, the smart contract periodically initiates the lease payments from the tenant to the landlord and the contractors. OUTCOME - Instant settlement and management of cash flows - Simplified property management - Legally enforceable contracts - Faster reconciliation of payments - On termination of the lease, the contract triggers the payment of security deposit back to the tenant after adjusting for any damage repair charges.

12 10 USE CASE EASE OF BOOKING HOTELS EXISTING SYSTEM Books hotel or other property 15-25% booking fee Booking / Airbnb /Other Centralized platform Sometimes Platform Receives Payment and transfers to owner Customer Property owner 2-3% fees Payment Processor BLOCKCHAIN OPPORTUNITY Easy to use interface to find the best property Easy to use interface to list your property 0% Commission on Bookings Customer friendly interface for data management on the blockchain Customer Property owner Receives payment via INF 0% fee Booking / Payment

13 11 PROJECT ARCHITECTURE Central Database Point of contact HTML5 Website Centralized Backend CMS End customer Profile & Settings Travel Log Social Platform Profile & Settings Management Customer /Property Owner Property owner Listings Statistics & Analysis Ratings Reviews Social Platform Point of contact Mobile App Blockchain Platform Records all listings Settlement of payments according to listing requirements

14 12 TECH STACK SMART CONTRACTS SOLIDITY, TRUFFLE, JAVASCRIPT WEB FRONTEND PHP, JAVASCRIPT, REACT.JS. WEB3.JS MOBILE CLOJURE, JAVA, SWIFT, REACTNATIVE BACKEND CLOJURE, PYTHON,ELECTRUM, WEB3J, GETH (OWN NODE) DATA STORAGE POSTGRESQL, MONGODB

15 DISTRIBUTION & SUPPLY. 13 INF TOKENS ARE A DEFLATIONARY UTILITY TOKEN BACKED BY The soft cap is set as 3,000,000 USD as we believe this is a minimal amount to allow for InfraCoins to set up the company and make a suitable investment into the real estate market. ETHEREUM FACTS MAXIMUM TOKENS 50M 1 INF = USD 0.7 TO USD 1.25 SOFT CAP USD 3M HARD CAP USD 30M USE OF FUNDS 30 % - COMPLETE PLATFORM DEVELOPMENT, R&D TOKEN DISTRIBUTION Reserve 20% Pre-Sale 10% 20 % - MARKETING & PROMOTION Advisers 5% 45 % - WORLDWIDE INTEGRATION AND PROPERTIES PORTFOLIO GROWTH Team 6% Referal 3% Bounty 6% ICO Sale 50% 5 % - LEGAL, ADMINISTRATION, UNFORESEEN

16 14 OUR TEAM. JAGDISH SUVARNA CEO Part of developing the system for buying, selling properties and Hotel booking through secure block chain management solutions. Real Estate exp Leadership Management Financial Analysis BHUSHAN KADU Data Scientist BlockChain Expert R&D blockchain structure Research BlockChain AI Data Science Cess Laguardia CMO She is a crypto strategist associated with several ICO's. She is also involved in and works as a Marketing,Bounty,Social Media and Community Manager. Digital Marketing Planning Strategy Bounty Campaigns Evan Joseph BlockChain Consultant Architect the blockchain solution, analyze the projects and gives specific recommendations to the CEO & technical team on smart contract infrastructure. Solidity UI/UX Digital Marketing Planning

17 15 OUR TEAM. Vans Tah Blockchain Developer As a Lead Blockchain Developer, he is responsible for the organization and execution of token sale fundraising and development of ethereum smart contracts used as core of the Solidity Software Development Java, C++ Securiy Audits Manjunath Shetty Data Analyst Loves playing with data and find intersting pattern within them. I find my inspiration in nature, I see pattern everywhere. Data Analytics Social Media Analytics Hadoop UI/UX

18 16 OUR ADVISORS. HOO LIN COLN Legal Advisor His first ambition was to be a lawyer has led him to read law at the Nottingham Trent University, England and obtained his LL.B (Hons) ALEX LINENKO Technical Advisor Alex is an experienced entrepreneur and a blockchain expert. He is the co-founder and co-creator of such companies as Seopult, Uptopromo, SatangDee, ICOyard. He worked on the tokenization and strategic management of +15 successful ICOs (Crypterium, Medichain, Nvb. digital, Bailsman, ICOS, Buddy.Works and others) Andrey Korotkov ICO Advisor ICO Business analyst. Member of the International Decentralized Association of Cryptocurrency and Blockchain (IDACB) ICO advisory board. Crypto enthusiast and professional with years of experience in Crypto Trading. My professional background includes working with 6 successful ICOs. (MediChain, Budbo, ICOS, Viewo, Crypterium, Mulaah). Anthony Abunassar ICO Advisor Ex Goldman ICO advisor based in Malta. Investor and crypto currency expert and enthusiast. Offering protection against future regulation in the World 1# location for any ICO wishing to secure their long term success with regulatory protection.

19 17 Alexandre Orfevre Community Development Experienced Chief Technology Officer with a demonstrated history of working in the information technology and services industry. Skilled in International Project Management, Agile Project Management, mobile project, front-end development, servers and clusters administration and continuous integration.. Strong information technology

20 18 STRATEGY InfraCoins has a simple, straightforward plan for which the team is fully resourced. As a result, theproject development program is as follow: 1. Issue the INF token and raise funds 2. Build the marketplace (both web based and mobile application) and launch the beta versionof the decentralized INF Ledger. 3. Integrate the marketplace to the decentralized engine to support bookings. 4. Add at least 100,000 properties by 2018 s year-end so that our users can spend their INF sand test the platform 5. Attract more property owners to list their commercial and residential properties which will include hotels, office space, residence etc. as well as software integrators to list their whole portfolio of clients 6. Offer unmatched competitive prices to worldwide customers 7. Attract and reward loyalty of customers 8. Disrupt the monopolies and change the way we list our properties and book our hotels. 10. Attract arbitraries, agents, insurers, service companies, legal service companies 11. Build a marketplace for industrial real estate listing and integrate with our platform 12. Embrace any startup or established travel applications which wish to connect to the decentralized INF Ledger

21 ROADMAP JULY 2017 DEVELOPMENT STARTED ON THE CENTRALIZED APPLICATION & DAPP ENGINE 19 APRIL 2018 TOKENSALE SMART CONTRACT TESTNET COMPLETED 7TH JULY 2018 INF TOKEN VIP SALE STARTED 15TH JULY 2018 INF TOKEN VIP SALE STARTED 15TH JULY 2018 UNOFFICIAL ALPHA MARKETPLACE LAUNCH DURING TOKEN SALE JULY 2018 AIRDROP MARKETING CAMPAIGN FOR MARKETPLACE POPULARIZATION, USER AND TOKEN 10TH AUGUST 2018 INF TOKEN SALE BEGINS 31ST OCTOBER 2018 INF TOKEN SALE ENDS NOVEMBER 2018 OFFICIAL COM/ LAUNCH WITH POSSIBILITY FOR HOSTS TO LIST PROPERTIES FOR FREE OCTOBER 2018 SIGNING AGREEMENTS FOR SECURING 100,000 HOTELS WORLDWIDE WITH AVERAGE PRICING OF %18-%15 CHEAPER THAN CURRENT OTAS DECEMBER 2018 INF LISTED ON HITBTC AND 2 ADDITIONAL EXCHANGES JANUARY 2019 DESIGN ON THE MOBILE APP TO BE STARTED 4TH FEBRUARY 2019 DEPLOYMENT OF BUILT-IN PRIVATE WALLET MANAGEMENT. LAUNCH OF FULL CHECK-OUT EXPERIENCE ON THE FIRST APPLICATION (FROM THIS MOMENT ONWARD USERS CAN BOOK VACATION RENTALS AND

22 20 ROADMAP 29TH APRIL 2019 OFFICIAL BETA MARKETPLACE LAUNCH WITH MAY 2019 AFFILIATE PLATFORM LAUNCH WITH MULTI-LEVEL INCENTIVES FOR REFERRING TRAVELERS AND JUNE ND STAGE DAPP/CENTRALIZED INTEGRATION - HOTELS SMART CONTRACTS WITH RATES AND AVAILABILITY JULY 2019 INTEGRATION OF A MIDDLE LAYER APP TO ACT AS A BRIDGE BETWEEN HOTEL CHANNEL MANAGERS AND THE DAPP.THIS IS TO SAVE AUGUST 2019 INTEGRATION WITH AT LEAST 1 MAJOR HOTEL CHANNEL MANAGEMENT PROVIDER AND A 2ND CHANNEL MANAGER FOR VACATION RENTALS TO THE DAPP AUGUST 2019 INTEGRATION OF BUILT-IN FIAT PAYMENTS FOR BOOKINGS (CONVERTED INTO INF AS 1ST OCT 2019 ON-BOARDING SECOND APPLICATION TO THE ENGINE SEPTEMBER 2019 LAUNCH OF FULLY FUNCTIONAL ANDROID & IOS MOBILE APPS WITH GLOBAL BOOKING SUPPORT FOR 200,000 HOTELS AND PROPERTY RENTALS 31ST DEC 2019 ON-BOARDING THIRD APPLICATION TO THE ENGINE 31ST NOV 2019 SIGNING AGREEMENTS WITH AT LEAST 2 MAJOR HOTEL CHAINS FOR DIRECT INTEGRATION INTO THE ENGINE JANUARY 2020 INTEGRATION OF INDUSTRIAL REAL ESTATE LISTING PLATFORM WHICH INCLUDES WAREHOUSES, LIGHT STORAGE, AND DISTRIBUTION

23 INITIAL COIN OFFERING DAYS PRESALE STARTS MAX TOKENS PRICE 07JUl2018 5,000,000 USD % 15 DAYS PRESALE VIP sale and Pre-sale tokens together account for 5mn tokens STARTS MAX TOKENS PRICE 15JUl2018 5,000,000 USD DAYS CROWDSALE (ROUND 1) The InfraCoins token ICO will be accepting ETH, BTC, XRP & USD as forms of payment for INF tokens. STARTS MAX TOKENS PRICE 10AUG2018 5,000,000 USD DAYS CROWDSALE (ROUND 2) STARTS MAX TOKENS PRICE 01SEP ,000,000 USD 1 30 DAYS CROWDSALE (ROUND 3) STARTS MAX TOKENS PRICE 01OCT ,000,000 USD 1.25

24 22 LEGAL 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 ADVICE, 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 The INF tokens are not intended to constitute securities in any jurisdiction. This Whitepaperdoes not constitute a prospectus or offerdocument of any sort and is not intended toconstitute an offer of securities or a solicitation forinvestment in securities in any jurisdiction.this Whitepaper does not constitute or form partof any opinion on any advice to sell, or anysolicitation of any offer by the distributor/vendor of the INF tokens (the Distributor ) to purchase any INF tokens nor shall it or any part of it nor the fact of its presentation form the basis of, or berelied upon in connection with, any contract orinvestment decision. No person is bound to enter into any contract or binding legal commitment in relation to the sale and purchase of the INF 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 INF 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 You are not eligible and you are not to purchase any INF tokens in the Token Sale (as referred to in this Whitepaper) if you are a citizen, resident (tax or otherwise) or green card holder of a jurisdiction, where the INF token might be considered as a form of security. By purchasing INF tokens, you confirm that you are aware that you are buying a digital ERC20 Software Token that has no expiration and which has the sole purpose of being a utility token for granting access to the accommodation service which the Distributor is selling and also listing properties. No regulatory authority has examined or approved of any of the information set out in this Whitepaper. No such action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of this Whitepaper does not imply that the applicable laws, regulatory requirements or rules have been complied with. There are risks and uncertainties associated withinfracoins and its respective businesses and operations,the INF tokens, the InfraCoins Token Sale (each as referred to in this Whitepaper).

25 23 DISCLAIMER OF LIABILITY To the maximum extent permitted by the applicable laws, regulations and rules, InfraCoins shall not be liable for any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including but not limited to loss of revenue, income or profits, and loss of use or data), arising out of or in connection with any acceptance of or reliance on this Whitepaper or any part thereof by you. NO REPRESENTATIONS AND WARRANTIES InfraCoins does not make or purport to make, and hereby disclaims, any representation, warranty or undertaking in any form whatsoever to any entity or person, including any representation, warranty or undertaking in relation to the truth, accuracy and completeness of any of the information set out in this Whitepaper. REPRESENTATIONS AND WARRANTIES BY YOU By accessing and/or accepting possession of any information in this Whitepaper or such part thereof (as the case may be), you represent and warrant to InfraCoins as follows: I) You agree and acknowledge that the INF tokens do not constitute securities in any form in any jurisdiction; II) you gree and acknowledge that this Whitepaper does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities in any jurisdiction or a solicitation for investment in securities and you are not bound to enter into any contract or binding legal commitment and no cryptocurrency or other form of payment is to be accepted on the basis of this Whitepaper; III) you agree and acknowledge that no regulatory authority has examined or approved of the information set out in this Whitepaper, no action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction and the publication, distribution or dissemination of this Whitepaper to you does not imply that the applicable laws, regulatory requirements or rules have been complied with; IV) you agree and acknowledge that this Whitepaper, the undertaking and/or the completion of the InfraCoins Initial Token Sale, or future trading of the INF tokens on any cryptocurrency exchange, shall not be construed, interpreted or deemed by you as an indication of the merits of the InfraCoins, the INF tokens, the InfraCoins Token Sale (each as referred to in this Whitepaper); the distribution or dissemination of this Whitepaper, any part thereof or any copy thereof, or acceptance of the same by you, is not prohibited or restricted by the applicable laws, regulations or rules in your jurisdiction, and where any restrictions in relation to possession are applicable, you have observed and complied with all such restrictions at your own expense and without liability to InfraCoins ; V) you agree and acknowledge that in the case where you wish to purchase any INF tokens, the INF tokens are not to be construed, interpreted, classified or treated as: A) any kind of currency other than cryptocurrency; B) debentures, stocks or shares issued by any person or entity (InfraCoins) i) rights, options or derivatives in respect of such debentures, stocks or shares; ii) rights under a contract for differences or under any other contract the purpose or pretended purpose of which is to secure a profit or avoid a loss;

26 24 iii) units in a collective investment scheme; iv) units in a business trust; v) derivatives of units in a business trust; vi) any other security or class of securities. C) you are fully aware of and understand that you are not eligible to purchase any INFtokens if you are a citizen, resident (tax or otherwise) or green card holder of the United States of America or a citizen or resident of the Republic of Singapore; D) you have a basic degree of understanding of the operation, functionality, usage, storage, transmission mechanisms andother material characteristics of cryptocurrencies, blockchainbased software systems, cryptocurrency wallets or other related tokenstorage mechanisms, blockchain technology and smart contract technology; E) you are fully aware and understand thatin the case where you wish to purchase anyinf tokens, there are risks associated with InfraCoins and its respective business and operations the INF tokens, the InfraCoins TokenSale (each as referred to in the Whitepaper); F) you agree and acknowledge thatinfracoins is not liable for any indirect, special,incidental, consequential or other losses ofany kind, in tort, contract or otherwise (includingbut not limited to loss of revenue, income or profits, and loss of use or data), arising out of or in connection with any acceptance of or reliance on this Whitepaper or any part thereof by you; and K) all of the above representations and warrantiesare true, complete, accurate and nonmisleading from the time of your access toand/ or acceptance of possession this Whitepaperor such part thereof (as the case maybe). CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS All statements contained in this Whitepaper, statements made in press releases or in any place accessible by the public and oral statements that may be made by InfraCoins or its respective directors, executive officers or employees acting on behalf of InfraCoins (as the case may be), that are not statements of historical fact, constitute forward looking statements. Some of these statements can be identified by forward-looking terms such as aim, target, anticipate, believe, could, estimate, expect, if, intend, may, plan, possible, probable, project, should, would, will or other similar terms. However, these terms are not the exclusive means of identifying forward-looking statements. All statements regarding InfraCoins s financial position, business strategies, plans and prospects and the future prospects of the industry which InfraCoins is in are forward-looking statements. These forward-looking statements, including but not limited to statements as to InfraCoins s revenue and profitability, prospects, future plans, other expected industry trends and other matters discussed in this Whitepaper regarding InfraCoins are matters that are not historic facts, but only predictions. These forwardlooking statements involve known and unknown risks, uncertainties and other factors that may cause the actual future results, performance or achievements of InfraCoins to be materially different from any future results, performance or achievements expected, expressed or implied by such forward-looking statements.

27 25 These factors include, amongst others: (a) changes in political, social, economic and stock or cryptocurrency market conditions, and the regulatory environment in the countries in which InfraCoins conducts its respective businesses and operations; (b) the risk that InfraCoins may be unable or execute or implement their respective business strategies and future plans; (c) changes in interest rates and exchange rates of fiat currencies and cryptocurrencies; (d) changes in the anticipated growth strategies and expected internal growth of InfraCoins; (e) changes in the availability and fees payabletoinfracoins in connection with their respective businesses and operations; (f) changes in the availability and salaries ofemployees who are required by InfraCoins to operate their respective businesses and operations; (g) changes in preferences of customers of InfraCoins ; (i) changes in competitive conditions under which InfraCoins operate, and the ability of InfraCoins to compete under such conditions; (j) changes in the future capital needs of InfraCoins and the availability of financing and capital to fund such needs; (k) occurrences of catastrophic events, natural disasters and acts of God that affect the businesses and/or operations of InfraCoins; (l) other factors beyond the control of InfraCoins ;and (m) any risk and uncertainties associated with InfraCoins and their businesses and operations, the INF tokens, the InfraCoins Initial Token (each as referred to in the Whitepaper). All forward-looking statements made by or attributable to InfraCoins or persons acting on behalf of InfraCoins are expressly qualified in their entirety by such factors. Given that risks and uncertainties that may cause the actual future results,performance or achievements of InfraCoins to be materially Neither InfraCoins, the Distributor nor any other person represents, warrants and/or undertakes that the actual future results, performance or achievements of InfraCoins will be as discussed in those forward-looking statements. The actual results, performance or achievements of InfraCoins may differ materially from those anticipated in these forward looking statements. Nothing contained in this Whitepaper is or maybe relied upon as a promise, representation orundertaking as to the future performance or policies of InfraCoins. Further, InfraCoins disclaim any responsibility toupdate any of those forward looking statementsor publicly announce any revisions to thoseforward-looking statements to reflect future developments,events or circumstances, even if newinformation becomes available or other eventsoccur in the future.

28 26 MARKET AND INDUSTRY INFORMATION AND NO CONSENT OF OTHER PERSONS This Whitepaper includes market and industry information and forecasts that have been obtained from internal surveys, reports andstudies, where appropriate, as well as marketresearch, publicly available information andindustry publications. Such surveys, reports,studies, market research, publicly available information and publications generally state thatthe information that they contain has been obtained from sources believed to be reliable, butthere can be no assurance as to the accuracy or completeness of such included information.save for InfraCoins, the Distributor and their respective directors, executive officers andemployees, no person has provided his or her consent to the inclusion of his or her name and/ or other information attributed or perceived to be attributed to such person in connection therewith in this Whitepaper and no representation, warranty or undertaking is or purported to be provided as to the accuracy or completeness of such information by such person and such persons shall not be obliged to provide any updates on the same. While InfraCoins have taken reasonable actions to ensure that the information is extracted accurately and in its proper context, InfraCoins have not conducted any independent review of the information extracted from third party sources, verified the accuracy or completeness of such information or ascertained the underlying economic assumptions relied upon therein. Consequently, neither InfraCoins, the Distributor, nor their respective directors, executive officers and employees acting on their behalf makes any representation or warranty as to the accuracy or completeness of such TERMS USED To facilitate a better understanding of the INF tokens being offered for purchase by the Distributor, and the businesses and operations of InfraCoins, certain technical terms and abbreviations, as well as, in certain instances, their descriptions, have been used in this Whitepaper. These descriptions and assigned meanings should not be treated as being definitive of their meanings and may not correspond to standard industry meanings or usage. Words importing the singular shall, where applicable, include the plural and vice versa and words importing the masculine gender shall, where applicable, include the feminine and neuter genders and vice versa. References to persons shall include corporations. NO ADVICE No information in this Whitepaper should be considered to be business, legal, financial or tax advice regarding InfraCoins, the Distributor, the INF tokens, the InfraCoins Initial Token Sale (each as referred to in the Whitepaper). You should consult your own legal, financial, tax or other professional adviser regarding InfraCoins and its respective businesse and operations, the INF tokens, the InfraCoins Initial Token Sale (each as referred to in the Whitepaper). You should be aware that you may be required to bear the financial risk of any purchase of INF tokens for an indefinite period of time.

29 27 NO FURTHER INFORMATION OR UPDATE No person has been or is authorised to give any information or representation not contained in this Whitepaper in connection with InfraCoins and its respective businesse and operations, the INF tokens, the InfraCoins Initial Token t (each as referred to in the Whitepaper) and, if given, such information or representation must not be relied upon as having been authorised by or on behalf of InfraCoins. The InfraCoins Initial Token Sale (as referred to in the Whitepaper) shall not, under any circumstances, constitute a continuing representation or create any suggestion or implication that there has been no change, or development reasonably likely to involve a material change in the affairs, conditions and prospects of InfraCoins or in any statement of fact or information contained in this Whitepaper since the date hereof. RESTRICTIONS ON DISTRIBUTION AND DISSEMINATION The distribution or dissemination of this Whitepaper or any part thereof may be prohibited or restricted by the laws, regulatory requirements and rules of any jurisdiction. In the case where any restriction applies, you are to inform yourself about, and to observe, any restrictions which are applicable to your possession of this Whitepaper or such part thereof (as the case may be) at your own expense and without liability to InfraCoins. Persons to whom a copy of this Whitepaper has been distributed or disseminated, provided access to or who otherwise have the Whitepaper in their possession shall not circulate it to any other persons, reproduce or otherwise distribute this Whitepaper or any information contained herein for any purpose whatsoever nor permit orcause the same to occur. NO OFFER OF SECURITIES OR REGISTRATION This Whitepaper does not constitute a prospectus or offer document of any sort and is notintended to constitute an offer of securities ora solicitation for investment in securities in anyjurisdiction. No person is bound to enter into anycontract or binding legal commitment and nocryptocurrency or other form of payment is to beaccepted on the basis of this Whitepaper. Anyagreement in relation to any sale and purchase of INF tokens (as referred to in thiswhitepaper) is to be governed by only the T&Cs of such agreement and no other document. In theevent of any inconsistencies between the T&Csand this Whitepaper, the former shall prevail.you are not eligible to purchase any INF tokensin the InfraCoins Initial Token Sale (as referred to inthis Whitepaper) if you are a citizen, resident (taxor otherwise) or green card holder of the UnitedStates of America or a citizen or resident of therepublic of Singapore.No regulatory authority has examined orapproved of any of the information set out in thiswhitepaper. No such action has been or will betaken under the laws, regulatory requirements orrules of any jurisdiction. The publication,distribution or dissemination of this Whitepaperdoes not imply that the applicable laws,regulatory requirements or rules have been complied with. RISKS AND UNCERTAINTIES Prospective purchasers of INF tokens (as referredto in this Whitepaper) should carefully considerand evaluate all risks and uncertaintiesassociated with InfraCoins, the Distributor and theirrespective businesses and operations, the INFtokens, the InfraCoins Initial Token Sale (each asreferred to in the Whitepaper), allinformation set out in this Whitepaper and thet&cs prior to any purchase of INF tokens. If anyof such risks and uncertainties develops intoactual events, the business, financial condition, results of operations and prospects of InfraCoinscould be materially and adversely affected. Insuch cases, you may lose all or part of the valueof the INF tokens.

30 THANK YOU