LinkEye Whitepaper

Saturday, June 16, 2018
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LinkEye Blockchain-Based Credit Alliance ———————————————————————————————— White Paper 2018.06

Abstract Linkeye is a Hyperledger Fabric based consortium-blockchain solution to facilitate global credit alliance. Utilizating blockchain technology and a credit economy model enables Linkeye to create a shared list of untrusted profiles within the credit alliance through connecting isolated islands of credit data and creating a comprehensive, reliable credit database. This serves to boost and supplement the credit system of today’s society, eventually achieving the end goal of creating fairness in credit access for all. The Linkeye project has massive potential to promote the development of a global credit-based society at a social and technological level. LinkEye​–Blockchain-Based Credit Alliance 1

Table of Contents Introduction 5 Market Capacity 5 Problem 6 Solution 8 Why LinkEye 9 Vision and Mission 9 Current State of Credit Assessment 9 Advantages 9 How LinkEye Work​s 11 Blacklist Mechanism 11 Membership Mechanism 11 Credit Mechanism 11 Arbitration Mechanism 11 Information Sharing Mechanism 12 Smart Pricing Mechanism 12 Data Security Firewall Mechanism 12 Open API Mechanism 12 Technical Features 13 Data Security 14 Scalability and ​Performance 14 Easy to Access 15 LinkEye Token (LET) 16 Introduction 16 Token Usage 16 Market Availability 16 Halo World Mobile App 17 Introduction 17 Features 17 Roadmap 18 Business Model 19 Revenue Model 19 Sustainability 19 LinkEye Roadmap 21 LinkEye​–Blockchain-Based Credit Alliance 2

Phase One: Completion of the alliance platform to share credit blacklist (Completed in February 2018) 21 Phase Two:Expansion of service scope – launch of “Credit Whitelist”(2018-2019) 21 Phase Three:Establishment of enterprise credit system (2019) 21 Phase Four: Credit to everything 21 Team 22 Linkeye Foundation 22 Executive Team 23 LinkEye Advisors 25 ICO 28 ICO Allocation and Distribution 28 ICO Sales Scheme 28 LET Recovery Scheme 29 Purchasers’ Obligation 29 LinkEye​–Blockchain-Based Credit Alliance 3

1 Introduction 1.1 Market Capacity 1.1.1 China In 2016, the market for individual credit loans in China has reached 23 trillion RMB, and recorded a 21.1% increase from 2015. Total business is expected to retain an annual growth of over 20% each year and to reach 41 trillion CNY in 2019, which would be quintuple the market size in 2010. The size of the consumer financing and credit loan market in China is rapidly increasing and promises a continued potential for growth. (Source: Internet) Additionally, the Chinese credit evaluation market is experiencing a steady growth respectively. However, due to regulatory uncertainty and the difficulties of data acquisition, the market penetration for individual credit remains at about 9%, signifying an untapped potential for growth. (Source: Internet) LinkEye​–Blockchain-Based Credit Alliance 4

1.1.2 Southeast Asia There is a population of 600 million in Southeast Asia, in which only 27% of the local residents have their own bank accounts. Market data shows a surprisingly low number of credit card ownership: 6% in Indonesia, 5% in the Philippines and 3% in Vietnam. In comparison, 80% of US citizens can access and utilize credit services. Additionally, only a very limited amount of the population is covered by official credit scoring agencies although the awareness of credit loans is relatively strong in these areas. A well-developed credit scoring system would enable local institutions to develop consumer-financing businesses, leading to economic growth. Taking Vietna for example, 40% of cell phone sales are done through installments despite the low market penetration of mobile phones. The demand for credit loans is clearly very strong. A developed credit system would assist the development of the consumer finance industry and boost the domestic economy. The Linkeye project can provide this system in these regions by building a credit scoring alliance. The current size of the credit loan market in Southeast Asia is relatively small in relation to its population size. However, with the rapid growth of the market at a 10% growth rate year on year, the credit industry is poised for take-off. (Source: Internet) 1.1.3 Europe Although Europe has been contributing to the global credit loan market as a key market player, it has stagnated in recent years due to the financial crisis in 2008 and debt crisis in 2009. In 2015, the annual credit balance of the 28 European Union countries recorded 1.12 trillion EUR, showing a 2.9% increase from 2014, the first increase since 2008. The UK (329 billion Euro), Germany (225 billion Euro) and France (153 billion Euro) are the top 3 contributors to the European credit loan market. In conclusion, the market capacity is huge for Europe and further recovery will lead to rapid growth. LinkEye​–Blockchain-Based Credit Alliance 5

1.2 Problem 1.2.1 China ● Limited credit coverage and access by the Central Bank The People's Bank of China did not establish its nationwide unified database of financial credit information until 2006. It is a relatively short period of time for the system to improve. And due to the peculiarities and uniqueness of the Central Bank’s system, the credit scoring provided is not well established, showing a lack of consistency and unification. At present, there are only 300 million individual credit profiles recorded in the Central Bank’s database. However, the limited accessibility to the database makes it difficult for non-government institutions to inquire and upload credit reports. ● Extensively distributed credit information Credit data in China is isolated and distributed among various banks, small loan companies and lending platforms. The credit data collected is often fragmented, preventing synergy and creating a barrier to common credit application. ● Weak sense of punishment in existing credit system The current system of disciplinary punishment in the credit industry is incomplete which makes the cost of breaching relatively low. Therefore, there is a series of dishonest behavior such as commercial fraud, breach of contract, tax fraud and evasion. As China's credit industry started late with a low social awareness of credit, there is a definite need for a comprehensive credit environment. ● The market’s needs for credit system As of now, there are more than 1,500 problematic lending platforms reported by the government and media. Liquidity crises are largely caused by bad debts, which eventually leads to the collapse of most platforms. Meanwhile, the market requires new credit information platforms that provide reliable, effective, open and transparent data in order to support the development of the credit industry. 1.2.2 Southeast Asia ● The general financial system in Southeast Asia is underdeveloped but rapidly booming, offering great opportunities to the credit business. Take Indonesia for example, where less than 30% of the 300-million population has a bank account of which only 6% uses credit cards. In comparison, the penetration of bank accounts in China has reached 80% and the figure for Hong Kong and India is 96% and 50% respectively. ● An obstacle exits in the form of fragmented credit data due to an inadequate government credit system and underdeveloped commercial credit bureau. LinkEye​–Blockchain-Based Credit Alliance 6

1.2.3 Europe The financial industry in Europe is dominated by a public credit system initiated by the European Central Bank. The centralized credit system and database is non-profit and funded by the government, so that most credit institutions are operated by the Central Bank or managed by major national financial institutions. This creates several deficiencies as listed below: ● The fiscal burden of investment in credit systems is huge. It takes extensive investment from the government to establish these credit databases with high maintenance and operation costs. ● There is less room for market-oriented operation creating a limitation on the range of services to be offered. Public credit is not conducive to various types of credit information integration and penetration, and is especially inadequate for credit information services and service experience. ● The traditional credit system provides limited support to the local economy. The consumption market in Europe is relatively weak and would benefit from a more flexible and advanced credit system. 1.3 Solution Based on the struggles of the credit markets in China, Southeast Asia, and Europe, Linkeye has a clear entry point into the industry. By utilizing blockchain technology and a credit economy model, Linkeye can create a shared list of untrusted profiles within the credit alliance by connecting isolated islands of credit data, and eventually solving the problems of high costs, data discrepancy, lack of accessibility, and talent shortages. With this, Linkeye serves to boost economic growth and achieve fairness by forming a comprehensive, trustworthy credit system of the entire population. LinkEye​–Blockchain-Based Credit Alliance 7

2 Why LinkEye 2.1 Vision and Mission LinkEye (LET) is an independently developed Hyperledger Fabric-based consortium blockchain solution with an Achain-based token system that has been built and optimized specifically for the credit industry. This purpose-built system facilitates a global credit alliance, as well as the development of an open and global credit-based society on both a technological and financial level. Utilizating blockchain technology and a credit economy model enables Linkeye to create a shared list of untrusted profiles within the credit alliance by connecting isolated islands of credit data. The ultimate goal is to achieve fairness through credit by forming a wide-range trustworthy credit system of the entire society. LinkEye is committed to building the first blockchain-based Credit Alliance, focusing on building a platform with a database of fraudulent people by recruiting members for the alliance. The project requires honesty in society – fraudulent people won’t be able to gain access to financial services while trustworthy people enjoy good social resources. 2.2 Current State of Credit Assessment Information Technology advancement is making data processing more efficient and effective in providing support for an enterprise’s operations and decision-making, which will lead to an immense demand for big-data analytics in every industry. With rapid growth in the credit business, huge amounts of data are being produced. However, traditional credit agencies are only able to focus on their niches, given the dramatic increase in quantity and depth of the data, such as CreditVision for financial institutions and DriverRisk for insurance companies. A single customer could correspond to different pieces of credit data from various credit data institutions, which makes it impossible to form a comprehensive credit profile. Decisions made from fragmented data may lead to inaccurate and risky decisions with unwarranted consequences. Linkeye’s mission is to generate comprehensive credit assessments by connecting all the isolated islands of credit information. In addition to that, the platform will ensure that credit reports are accessible and transferable among alliance members. 2.3 Advantages 2.3.1 Blockchain-based A traditional data center stores data on a central server that is fully controlled by a data center in which the data is susceptible to modification. In such cases, there are LinkEye​–Blockchain-Based Credit Alliance 8

risks that the data could be tampered with, deleted, or sold to other parties by data centers for profit. With the current models of data unions, a number of small data centers will usually be attached to a large data center for data exchange. All data transactions made would go through a large data center, opening up the possibility of collusion or theft of the data due the control of one institution. Blockchain is a decentralized distributed data storage technology. It is a secure and reliable system that facilitates data transactions between institutions and individuals without a central authority. Powered by cryptography, decentralized consensus, and peer-to-peer network communication, blockchain prevents data from being tampered with or deleted. Utilizing such technology allows Linkeye to ensure that data is trustworthy and permanent once being published on a blockchain, resulting in a trusted data system. 2.3.2 Industry Insights LinkEye is operated by a team of financial professionals with years of experience in both traditional banking and Fintech. The team has developed its own insight on the credit business and IT, allowing them to strategically plan and deliver the project. 2.3.3 Success and Achievements Linkeye’s founding team has a deep understanding of and a comprehensive skill set in risk management, business development and product development. Working together for over three years, the team has accomplished many milestones which include developing a credit platform with over 1,000 credit financing service providers, operating a payment platform with monthly transaction amounts of 5 billion RMB and a technology-driven micro financing service platform serving millions of users. 2.3.4 Resources The key to developing a credit union is partnering with many qualified members. After working in the credit industry for years, the Linkeye team has been able to swiftly kick-start this project by generating millions of initial credit data points through the establishment of strategic partnerships with credit loan agencies in China and Malaysia. The accumulation of this initial data is expected to exceed tens of millions in the near term. LinkEye​–Blockchain-Based Credit Alliance 9

3 How LinkEye Works The LinkEye team innovatively built a credit alliance based on blockchain technology with a proposed Eight Core Mechanisms, which was generally recognized by the industry to ensure the efficient functionality of the alliance. It is a breakthrough in blockchain in terms of being the first substantive application in the field of credit scoring. 3.1 Blacklist Mechanism The Blacklist Mechanism enables the publication of fraudulent activities within the credit alliance with a strong consideration of privacy – the data will be desensitized and posted in a masked format. A sample of Linkeye data format is shown below: Linkeye ID + Masked ID (such as 220403198011 ******) + credit score + publisher (anonymous) + signature. A blacklist of untrusted individuals published by members of the alliance contains two parts - public data and detailed info. The public data will be shown and the detailed info (LinkEye template + alliance member customized data) will be stored in the blockchain including user ID, full name, time of loan, loan amount, lending platform, overdue time and category. LinkEye requires alliance members to sign an agreement with the borrower prior to the issue of credit loan to disclose the publication on LinkEye in the event of frauds. 3.2 Membership Mechanism To ensure the integrity and effectiveness of the data, LinkEye will establish a strict standard for reviewing and qualifying the alliance members. The first batch of members will be reputable brands in the industry. Alliance members must use real names for registration and will have the option to publish dishonest information via real name or anonymous. 3.3 Credit Mechanism To regulate alliance members and prevent data fraud, the credit profile of each alliance member will be disclosed in real time. Each member receives an initial credit score of 100. Once dishonest behavior is detected, 5 points will be deducted from the score and will be broadcasted to the alliance. Members will be eliminated from the Linkeye Alliance when their credit score reaches 0. LinkEye​–Blockchain-Based Credit Alliance 10

3.4 Arbitration Mechanism When a member holds objections or questions to a piece of data published by another member, it has the right to file arbitration with the LinkEye Foundation. The arbitration will be organized by the foundation. Each of the members hold 1 vote while the Linkeye Foundation holds 33.3% of the vote. The arbitration will be resolved when over 50% members approve, with one day allocated for decisions. 3.5 Information Sharing Mechanism The user ID is the only match for members when querying data. The data can only be accessed and exchanged when the user ID is a perfectly match. Alliance members are allowed to view a detailed version of individual credit reports from other member by using LET tokens. The detailed version shares the same signature with the published version to ensure the accuracy of the data. 3.6 Smart Pricing Mechanism LinkEye executes a smart real-time pricing mechanism that enables all members to publish credit data at a slightly lower price than market value to avoid blocking data exchanges due to LET price fluctuations. 3.7 Data Security Firewall Mechanism LinkEye sets up data security firewalls to prevent data from being compromised. Alarm triggers are set up based on application conditions to block abnormal queries. Members will be eliminated in severe cases once triggering the security alarm. 3.8 Open API Mechanism The Linkeye Foundation provides an external query interface open to external parties. Any user can access the public blacklist by entering the full ID and gain detailed reports by using LET. This mechanism increases the punishment to dishonest behavior and makes it impossible to hide a fraudulent history. This enables LinkEye to serve a groundbreaking role in building a credit-worthy society for all. This also serves to greatly increase the exposure of the platform and liquidity of LET. LinkEye​–Blockchain-Based Credit Alliance 11

4 Technical Features LinkEye (LET) is an independently developed Hyperledger Fabric-based consortium blockchain solution with an Achain-based token system that has been built and optimized specifically for the credit industry. LinkEye’s system will be made up of consortium blockchains in different countries that each store credit data according to their rules and regulations. Application Programming Interfaces (APIs) of credit data will be connected and accessed between these different consortium blockchains; and eventually form a global network of credit data union. These consortiums are built on top of Fabric, the most popular blockchain platform within Hyperledger. It was first submitted to the Hyperledger community by IBM in 2015 and has been continuously improved upon by many community contributors. In China, Fabric has been successfully applied to the field of financial, supply chain, and asset ownership etc. and has become the preferred framework for many blockchain solutions. The Hyperledger Fabric is built based on the below architecture: LinkEye​–Blockchain-Based Credit Alliance 12

In order to provide a trustworthy and scalable token, LET tokens are issued separately on Achain, a smart contract blockchain with higher throughput and lower fees than competing platforms such as Ethereum. Meanwhile, development is underway on LinkEye’s own public blockchain to which LET tokens will be migrated once finished. LinkEye’s public chain is based on Ethereum but will utilize Delegated Proof of Stake for consensus rather than Proof of Work in order to provide the high throughput necessary to serve fast growing economies. 4.1 Data Security Linkeye utilizes the combination of symmetric and asymmetric encryption to safeguard the data. In addition, the digital signature mechanism ensures the integrity and authenticity of the information. 4.2 Scalability and Performance LinkEye independently realized that Practical Byzantine Fault Tolerance (PBFT), recommended by IBM, which remarkably improves the writing performance. (Source: theledger.be) Using symmetric encryption, Linkeye can encrypt data 500 - 1000 times faster than the asymmetric-only encryption employed by Ethereum. At the same time, the optimization of CIFS increases the data synchronization and transmission between nodes. We have achieved a performance of 10,000 transactions per second in our test LinkEye​–Blockchain-Based Credit Alliance 13

environments. 4.3 Easy to Access As the data is written into the blockchain via API by the members of the alliance, the Linkeye platform automatically provides all data searching and profit allocation. Such a mechanism minimizes the cost of additional development to all members using Linkeye’s SDK. LinkEye​–Blockchain-Based Credit Alliance 14

5 LinkEye Token (LET) 5.1 Introduction The LinkEye Token, or LET is a contract token issued on Achain to ensure efficiency on the Linkeye platform. By using LET, the platform achieves high-speed, low-cost, and real-time database accounting. By combining LET and smart contracts, peer-to-peer data sharing is truly realized so that the complexity and risks caused by a centralized clearing house are avoided. 5.2 Token Usage LET will be used as a user's credentials for querying data on the LinkEye platform. The user queries the data for a certain amount of LETs, and alliance members are able to earn LET by listing the data. LET can be obtained by sharing data from LinkEye platform or acquired from a secondary marketplace. 5.3 Market Availability LET tokens are currently available on Huobi, a cryptocurrency trading platform with a volume of over $1 billion. LET is currently in the process of being listed on YoBit and Kucoin as well, increasing LET’s overall liquidity. LinkEye​–Blockchain-Based Credit Alliance 15

6 Halo World Mobile App 6.1 Introduction There are only a few personal data dimensions in the traditional credit industry. Since data quality is limited, it is difficult to outline a complete portrait of user credit. At the same time, individuals don’t want their credit data to be used in different scenarios due to safety concerns. This situation means valuable data cannot fully realize its value. Halo World is developed under this basis. This blockchain-based DApp (Decentralized Application) aims to build a decentralized credit and transaction management platform for financial services and credit applicants. It allows each participant to establish their own personal credit data sovereignty and credit assets, via a smart contract platform. Through Halo World, a user’s social background can create more meaningful value together with other high-quality credit individuals. 6.2 Features Blockchain-based Technology: Based on blockchain technology, Halo World has created a decentralized, secure, and trusted data center. Users can store their own data licenses in the blockchain knowing it will remain secure via cryptography. Personal Credit Data Authentic Right: With blockchain technology, users can literally own their own data. Third-party platforms cannot use data without a users’ authorization. This solves the issue of unauthorized use of user data by third parties. This collection of secure personal data takes the form of a “Credit Passport". Improving Credit Scenarios: LinkEye will cooperate with major financial institutions to launch various financial services and preferential transaction tokens. A user's data can be matched to the perfect offline usable scenario. In the end, users with good credit data can enjoy better offline services. Risk Management Platform: For the institutions that have joined, it is possible to manage risk through the user-authorized historical credit assessment, anti-fraud, and credit risk prediction ecosystems. This serves to eliminate the occurrence of default events from the source. LinkEye​–Blockchain-Based Credit Alliance 16

6.3 Roadmap The First Stage: April 2018 The construction of the Dapp’s prototype is quickly nearing completion. The first phase of product and operation is mainly focused on attracting and retaining a large number of users through interactive events such as daily promotions, including but not limited to, mining LinkEye Tokens (LET) once the Main Chain is online and participating in web-based gaming on platforms like ​Gold Miner​. In the process of gaming, users can voluntarily fill out information and provide the underlying data to support for the formation of personal "Credit Passports". The Second Stage: June 2018 As a user’s credit passport data is gradually perfected, they gain access to more exclusive services. LinkEye will cooperate with major financial platforms/institutions and add various financial services and preferential transaction tokens, which will enable users with better credit history to obtain better financial services. This will enable individual social credit passports to play an important role in the financial industry. The Third Stage: Future Fully complete the “Personal Credit Passport” with access to multiple areas of social life such as consumption, medical care, education, travel, etc. This will allow users’ credit passports to pass through more scenes, allowing passport holders to enjoy higher quality social services and resources. LinkEye​–Blockchain-Based Credit Alliance 17

7 Business Model 7.1 Revenue Model 7.1.1 Blacklist The supply of credit blacklists usually stems from government credit agencies and private credit companies in Linkeye’s target market. However, it is usually very painful when a lending institution acquires blacklists from the mentioned parties: dealing with multiple parties, complicated procedure, repeated costs on every credit search. As a member of the LinkEye Credit Alliance, a lending institution is able to access the credit blacklist on the conso rtium-blockchain published by other members. It only has to pay a certain amount of Linkeye Tokens (LET) to acquire the detailed credit report. The amount of LET to be paid will be decided by the market value. Linkeye will withdraw 0.5 LET from each transaction as a commission to support the operation with token draws frozen for 2 years before release. Table: 3 Year Revenue Forecast Time 2018 2019 2020 No. of Members 300 600 1,200 No. of Blacklist 100,000,000 150,000,000 200,000,000 Monthly Data Queries 900,000 1,800,000 36,000,000 Monthly LET Commission 450,000 900,000 1,800,000 Annual LET Commission 5,400,000 10,800,000 21,600,000 Based on: A. 3,000 data search/query for each member per month B. Each member contributes 300,000 pieces of credit data in 2018 7.2 Sustainability 7.2.1 Sustainable Industry Growth From its historical performance, we can forecast that credit financing will hold its role as an evergreen industry that boosts the global economy. The sustainability of the industry has ensured the sustainability of its projects to a certain extent. 7.2.2 Sustainable Open Operation LinkEye​–Blockchain-Based Credit Alliance 18

The committee of Linkeye Foundation shall be elected by the alliance members with the continuous improvement of the technology and operation. In such way, Linkeye can operate in an independent and sustainable way akin to Bitcoin. 7.2.3 Sustainable Token Economy Every token withdrawn from query or transaction will be released after 2 years to ensure a reasonable and effective circulation. Such a mechanism would guarantee the sustainability of the LET economy and Linkeye operation. LinkEye​–Blockchain-Based Credit Alliance 19

8 LinkEye Roadmap 8.1 Phase One: Completion of the alliance platform to share credit blacklist (Completed in February 2018) LinkEye is committed to building the first blockchain-based Credit Alliance, focusing on completing the platform and its database of fraudulent people by recruiting members for the alliance. At this stage, the project reinforce honesty to society – fraudulent people won’t be able to gain access to financial services. A soft launch of the platform was executed in February of 2018 to support data access from China, Southeast Asia and Europe. Local teams were formed to further develop the target markets. The blacklist now exists, with every organization possessing their own blacklist. They can now exchange data on the LinkEye platform using LET to pay for individual credit reports. 8.2 Phase Two:Expansion of service scope – launch of “Credit Whitelist”(2018-2019) The scope of service of Linkeye will be expanded to personal credit evaluation by building individual profile. Building a more effective credit scoring system enable the trusted individual to enjoy better financial services and resources. At this stage, Linkeye aims to provide strong support for the rapid development of the credit industry. Estimated time of completion is mid-2019. 8.3 Phase Three:Establishment of enterprise credit system (2019) An expansion of service scope from an individual profile to an enterprise profile would occur. Through involving enterprise as an important participant in the credit financing industry, Linkeye is able to complete the establishment of an efficient credit system of the society. 8.4 Phase Four: Credit to everything LinkEye will extend its services from finance industry to other segments of society. All credit related behaviors of individuals and enterprises will be recorded and stored in blockchain. At this stage, Linkeye will realize its ultimate goal - to achieve fairness by forming a comprehensive trustworthy credit system of the entire society. LinkEye​–Blockchain-Based Credit Alliance 20

9 Team 9.1 Linkeye Foundation LinkEye Foundation (hereinafter referred to as "Foundation") is set up and operates in Singapore. It is committed to promoting LinkEye's development and its transparency of governance so as to promote the safe, efficient and orderly development of the Alliance. The Foundation will help to manage the general issues and privileges of the alliance by establishing a good governance structure. The design of the structure mainly considers the sustainability of operation, the effectiveness of management and the safety of its funds. The LinkEye Foundation commits to publish monthly progress reports, conduct and publish annual audit reports. Management Committee: The Management Committee is responsible for the management and decision-making of the Foundation’s agenda, including appointment and demission of executives. The committee formulates the norms and manages the privileges of the foundation. Technology Center: The Linkeye Technology Center is responsible for underlying fundamental technology development, testing, on-line operation, review, etc. The center communicates with community members and regularly holds technical seminars in the community. LinkEye​–Blockchain-Based Credit Alliance 21

Marketing Center: The Linkeye Marketing Center is responsible for research, market strategy, sales and promotion of the alliance and its product. Administration Center: The Linkeye Administration Center manages financial, legal, personnel and administrative affairs. Financial affairs include project fund use and audit; legal affairs include review and formulation of various documents to prevent possible legal risks; personnel and administrative affairs include employment, remuneration and daily administrative work. 9.2 Executive Team President Advisor: Zhang Fan Mr. Zhang Fan is the Co-founder and former Managing Partner of Sequoia Capital China. He has led and participated in successful pioneering enterprises listed in the USA, such as Baidu, Kong-net, and Focus Media. Mr. Zhang Fan was named one of the Top Venture Capitalists by Forbes from 2006 to 2009. He has been focusing on investments on blockchain and cryptocurrencies since 2010. Boost VC, an investment by Mr. Zhang Fan, is now the largest investor and accelerator in VR and blockchain industry. Founder: Xu Lei Xu Lei is the founder and CEO of Kuaihui Finance, a Chinese leading technology-driven micro-financing service provider. Lei served in many senior management positions including procurement manager of Asia Pacific and head of sales of Greater China in P&G when he won the President Award of P&G Greater China. Lei holds a Masters and a Bachelor degree in Software Engineering from Wuhan University. He started developing blockchain software during college and was ranked Top 10 in a LinkEye​–Blockchain-Based Credit Alliance 22

Chinese national software innovation contest. Co-founder & CTO: Ding Wei Wei is the co-founder and former CTO of Kuaihui Finance, a leading micro-financing technology service in China. He has over 10 years experience in IT, finance and Big Data. Wei led the establishment of payment systems and the financial service platform for Union Mobile Financial Technology (UMF), China’s largest Fintech company. Wei holds a bachelor degree in Computer Science and Technology from Chongqing University. He started studying Bitcoin and blockchain techonology in 2012 and became a major contributor for an internal blockchain project in 2016 before co-founding Linkeye. Credit Scientist and Expert: Li Dongke Dongke served as a former senior analyst and data scientist in HQ of CItbank, Galaxy Securities and SG CIB (Societe Generale Corporate Investment Banking). He has 5 years of experience in quantitative equity research, quantitative investment strategies and risk management. Dongke holds a Master degree of Quantitative and Computational Finance from the Georgia Institute of Technology. COO: Wang Huawen Huawen is an expert in operation and strategic development. He was the former regional head of sales and marketing at China Mobile. Wei co-founded Shanghai office of Fenxiang Xiaoke LinkEye​–Blockchain-Based Credit Alliance 23

and established a successful sales and client team. He managed to expand the regional office from a team of 8 to 400 and the company is now a billion-dollar-worth unicorn in IT service industry. Wei holds a bachelor degree of automation from Wuhan University. CMO: He Xiao Xiao has rich background in branding and marketing. She served as the market leader at National Geographic and Siemens Corporate Technology (SCT) before joining Linkeye. Xiao holds a master degree of design science from the Central Academy of Fine Arts (CAFA). LinkEye​–Blockchain-Based Credit Alliance 24

9.3 LinkEye Advisors Wang Bingsheng Professor of Chinese Academy of Social Sciences, Advisor of Chinese Block Chain Association Han Feng Mentor of iCenter (Tsinghua University), General Secretary of DACA Zhang Haihui General Secretary of Chinese Block Chain Joint Development Organization Xiao Ying Former CEO of QianDaiPay, a third-party payment company of Mei Tuan Cui Meng Founder of Achain LinkEye​–Blockchain-Based Credit Alliance 25

Martyn Walker CEO & Co Founder of AGILITY SCIENCES LIMITED, Co Founder & Adviser of ZERADO LIMITED. Dr Maria Grazia Vigliotti Founder & Director, Sandblocks Consulting Ltd. LinkEye​–Blockchain-Based Credit Alliance 26

10 ICO 10.1 ICO Allocation and Distribution Only 1,000,000,000 LET tokens will ever be created. The LET tokens are intended to be allocated as follows: Allocation Parties Detail Sold by the Foundation to Crowdsale and pre-crowdsale purchasers pursuant to the offering or 40% ICO through approved affiliates. The use of raised funded will be announce regularly Linkeye Reserved by the Foundation to incentivize future 20% Foundation developments Token incentives for Linkeye team Linkeye 50% will be locked for 12 months after the end of the 10% Team Crowdsale; 50% will be locked for 24 months after the end of the Crowdsale Token for Angel Investors and early investors 20% will be locked for 6 months after the end of the Early 30% Crowdsale; 30% will be locked for 12 months after the Investors end of the Crowdsale; 50% will be locked for 24 months after the end of the Crowdsale 10.2 ICO Sales Scheme ● Crowdsale Schedule: Start date : 10th November 2017 at 12:00:00(GMT + 8) End date : 31st January 2018 at 20:00:00 (GMT + 8) ● Condition ICO End: The total amount of funds raised is 400,000,000 LET at the end of or during the Crowdsale. ICO Failure: The total amount of funds raised is less than 200,000,000 LET at the end the Crowdsale. We accept Bitcoin (BTC), Ethereum (ETH) and Achain (ACT) during the ICO and the basic exchange shall be as follows: LinkEye​–Blockchain-Based Credit Alliance 27

1 BTC = 170,000 LET 1 ETH = 7,000 LET 1 ACT = 3 LET Note: Please follow the Linkeye ICO website for updates. 10.3 LET Recovery Scheme In every transaction made within the alliance, a certain amount of LETs will be withdrawn for future use by Linkeye. Every token withdrawn from query or transaction will be frozen and released after 2 years to ensure a reasonable and effective circulation. Such mechanism would guarantee the sustainability of the LET economy and Linkeye operation. As credit financing is growing rapidly in the target market, Linkeye expects a constant increase in the amount of members and individual users. The LET withdrawn from the increasing volume of transaction will be decreased in order to gain liquidity of LET. Percentage of Withdrawal shall be as follow: Amount of Frozen LET % (Per transaction) 0 - 50,000,000 0.1% 50,000,000 - 100,000,000 0.05% 100,000,000 – 1,000,000,000 0.01% 10.4 Purchasers’ Obligation Due to legality issues, this Offering is being made to, and subscriptions will only be accepted from, persons resident or citizen not in following regions or countries, including but not limited to Mainland China, Hong Kong, Macau and United States and other regions or countries that forbid ICOs. LinkEye​–Blockchain-Based Credit Alliance 28

Contact Website: www.LinkEye.com Email: [email protected] LinkEye​–Blockchain-Based Credit Alliance 29