Zeepin Whitepaper

Sunday, June 17, 2018
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ZEEPIN CHAIN The Distributed Creative New Economy White paper V 1.07 / December 30, 2017 1

Content 1. Executive Summary 7 2. Problems to Solve 9 2.1 Currently, right confirmation and protection is difficult in the creative market, which reduces passion for innovation. 9 2.2 The supervision and distribution mechanism for copyright assets is not complete, and users lack a trust mechanism. 9 2.3 The centralised transaction venue is unable to adapt to the "lightweight" innovation development trend. 9 2.4 The opaque and untrusted transaction mode is difficult to merger into financial innovation. 10 3. Mission 11 4. Zeepin Community 12 4.1 Zeepin Infrastructure 12 4.2 Zeepin Utility 12 4.3 Zeepin dApps 14 5. Core Participants 17 6. Why Blockchain? 19 6.1 Decentralised Security Assurance and Credible Traceability 19 6.2 Assets Digitisation and Right Confirmation 19 6.3 Decentralised Transaction Platform 19 6.4 Realisation of Smart Economy 19 6.5 Global Value Transfer 19 7. ZPT Purpose 21 7.1 Establishing a Consistent Community Incentive Mechanism 21 7.2 Establishing a Disintermediated Service System 21 7.3 Establishing a Safe and Efficient Crowd-funding Environment 21 8. ZPT Application 22 2

8.1 Community Reward 22 8.2 Utilisation 23 8.3 Crowd-funding projects 23 9. Zeepin Platform Road Map for development 24 10. Main Challenges 25 10.1 Developing Blockchain-based Stable and Flexible Applications 25 10.2 Content Infringement and Plagiarism 25 10.3 Credit Score Evaluation System for Reward 25 10.4 Evaluation Method and Data Authenticity for Crowd-funding Project 25 10.5 Copyright Protection and Crowd-funding Platform to Integrate Traditional Ideas 26 11. ZPT Sale Plan 27 Allocation of ZPT 27 Project budget 28 12. Board of Directors 30 13. Zeepin Team 31 14. Risk Factors 35 3

NOTICE NOTHING IN THIS WHITEPAPER CONSTITUTES LEGAL, FINANCIAL, BUSINESS OR TAX ADVICE AND YOU SHOULD CONSULT YOUR OWN LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL ADVISER BEFORE ENGAGING IN ANY ACTIVITY IN CONNECTION HEREWITH. NEITHER ZEEPIN FOUNDATION PTE. LTD. (THE FOUNDATION), ANY OF THE PROJECT TEAM MEMBERS WHO HAVE WORKED ON THE ZEEPIN PLATFORM (AS DEFINED HEREIN) OR PROJECT IN ANY WAY WHATSOEVER (THE ZEEPIN TEAM) NOR ANY THIRD PARTY SERVICE PROVIDER SHALL BE LIABLE FOR ANY KIND OF DIRECT OR INDIRECT DAMAGE OR LOSS WHATSOEVER WHICH YOU MAY SUFFER IN CONNECTION WITH ACCESSING THIS WHITEPAPER, MATERIALS PRODUCED BY THE FOUNDATION, OR ACCESSING THE WEBSITE AT HTTPS://WWW.ZEEPIN.IO/ OR ANY OTHER MATERIALS PUBLISHED BY THE FOUNDATION. All contributions will be applied towards the Foundation's objects, including without limitation promoting the research, design and development of, and advocacy for the Zeepin blockchain, which is a decentralised public blockchain developed for the global creative industry and the decentralised new sharing economy community thereon, which would help global creative content producers and innovators with assets digitisation and rights confirmation, enable efficient transactions and crowd-funding of creative assets, help organisations and individuals improve innovation efficiency, and incubate a large number of self-governing for-profit creative organisations applying blockchain technology to the sharing economy model. This Whitepaper is intended for general informational purposes only and does not constitute a prospectus, an offer document, an offer of securities, a solicitation for investment, or any offer to sell any product, item or asset (whether digital or otherwise). The information herein below may not be exhaustive and does not imply any elements of a contractual relationship. There is no assurance as to the accuracy or completeness of such information and no representation, warranty or undertaking is or purported to be provided as to the accuracy or completeness of such information. Where this Whitepaper includes information that has been obtained from third party sources, the Foundation and/or the Zeepin team have not independently verified the accuracy or completion of such information. There is no assurance as to the accuracy or completeness of such information and no representation, warranty or undertaking is or purported to be provided as to the accuracy or completeness of such information. This Whitepaper does not constitute any offer by the Foundation or the Zeepin team to sell any ZPT (as defined herein) nor shall it or any part of it nor the fact of its presentation form the basis of, or be relied upon in connection with, any contract or investment decision. Nothing contained in this Whitepaper is or may be relied upon as a promise, representation or undertaking as to the future performance of the Zeepin Platform. The agreement between the Foundation (or its affiliate) and you, in relation to any sale and purchase of ZPT is to be governed by only the separate terms and conditions of such agreement. By accessing this Whitepaper or any part thereof, you represent and warrant to the Foundation, its affiliates and the Zeepin team as follows: 4

(a) you acknowledge, understand and agree that ZPT may have no value, there is no guarantee or representation of value or liquidity for ZPT, and ZPT is not for speculative investment; (b) none of the Foundation, its affiliates, and/or the Zeepin team members shall be responsible for or liable for the value of ZPT, the transferability and/or liquidity of ZPT and/or the availability of any market for ZPT through third parties or otherwise. (c) in any decision to purchase any ZPT, you have not relied on any statement set out in this Whitepaper; (d) you will and shall at your own expense ensure compliance with all laws, regulatory requirements and restrictions applicable to you (as the case may be); and (e) you acknowledge, understand and agree that you are not eligible to purchase any ZPT if you are a citizen, national, resident (tax or otherwise), domiciliary and/or green card holder of a geographic area or country in which access to or participation in the ZPT token sale or the Zeepin Platform is prohibited by applicable law, decree, regulation, treaty, or administrative act or where it is likely that the sale of PUT would be construed as the sale of a security (including without limitation the U.S., People's Republic of China and the Republic of Korea). The Foundation and the Zeepin team do not and do not purport to make, and hereby disclaims, all representations, warranties or undertaking to any entity or person. Prospective purchasers of ZPT should carefully consider and evaluate all risks and uncertainties (including financial and legal risks and uncertainties) associated with the ZPT token sale, the Foundation and the Zeepin team. The information set out in this Whitepaper is for community discussion only and is not legally binding. The agreement for sale and purchase of ZPT shall be governed by a separate Token Purchase Agreement setting out the terms and conditions of such agreement (the Token Purchase Agreement), which shall be separately provided to you or made available at https://www.zeepin.io/ prior to the sale of any ZPT. In the event of any inconsistencies between the Token Purchase Agreement and this Whitepaper, the Token Purchase Agreement shall prevail. This Whitepaper may be translated into a language other than English and in the event of conflict or ambiguity between the English language version and translated versions of this Whitepaper, the English language version shall prevail. You acknowledge that you have read and understood the English language version of this Whitepaper. 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 the Foundation and/or the Zeepin team may constitute forward-looking statements (including statements regarding intent, belief or current expectations with respect to market conditions, business strategy and plans, financial condition, specific provisions and risk management practices). You are cautioned not to place undue reliance on these forward-looking statements given that these statements involve known and unknown risks, uncertainties and other factors that may cause the actual future results to be materially different from that described by such forward-looking statements. These forward- looking statements are applicable only as of the date of this Whitepaper and the Foundation and the Zeepin team expressly disclaims any responsibility (whether express or implied) to release any revisions to these forward-looking statements to reflect events after such date. 5

No part of this Whitepaper is to be copied, reproduced, distributed or disseminated in any way without the prior written consent of the Foundation. 6

1. Executive Summary The Foundation's goal is to promote development, research and advocacy for the Zeepin blockchain (Zeepin Chain), which is a decentralised blockchain developed for the global creative industry and the decentralised sharing new economy community thereon, which would help global creative content producers and innovators with assets digitisation and rights confirmation, enable efficient transactions and crowd-funding of creative assets, help organisations and individuals improve innovation efficiency, and incubate a large number of self-governing for-profit creative organisations applying blockchain technology to the sharing economy model. In the community on Zeepin Platform, each organisation or individual will have a reliable digital identity and be able to convert innovative or creative resources into digital assets, which are secure and may be shared on Zeepin Chain, so as to reduce risks in trading between users and improve creation efficiency. The decentralised platform to be build by the Foundation on the Zeepin blockchain is designed to be the world's leading blockchain-based innovation, transaction, and crowd-funding platform for the creative industry (Zeepin Platform). Based on the standard open source framework consisting of the NeoContract smart contract system and front-end library, Zeepin Platform enables any organisation or individual (including creators, manufacturers, and channel partners) to launch innovative projects or jointly organise decentralised self-governing innovation teams. To better suit the features of the Sharing New Economy, the Foundation's technical team has designed and built the bottom blockchain infrastructure and business framework in a manner which will be more suitable for the Zeepin community and future applications. In this way, the Zeepin Chain database will be more suited to develop applications based on the consistency of massive data, covering credit investigation, digital copyright, anti-counterfeiting, etc. It is planned that atomic transactions on Zeepin Chain can support electronic assets, asset swaps, payment, and other functions. Meanwhile, the technical team has greatly extended functions at the protocol layer, so as to support various dApps which are planned for release under the Zeepin name. In conclusion, Zeepin Plaform provides support for innovators from putting forward an idea to fully operating project, including project crowd-funding, team formation, copyright protection, IP transactions etc. In addition, the Zeepin team behind the development of Zeepin Platform has accumulated rich industrial experience and resources, and the Foundation will work with Arting365 to enable over 1.2 million designers worldwide to provide creative services for their customers, and possibly even the whole industry in the Zeepin community. Through the usage of the native tokens (ZPT) on Zeepin Chain, the Zeepin Platform connects creative content with people in need of creative ideas through embedded smart contracts. 7

Zeepin Platform = Creative industry + Smart economy 8

2. Problems to Solve 2.1 Currently, right confirmation and protection is difficult in the creative market, which reduces passion for innovation. ZEEPIN CHAIN SOLUTION: COPYRIGHT PRO How can one prove that the copyright is created by the creator? Recording copyright confirmation information on an authoritative centralised platform may result in the risk of tampering by the supreme database administrator or external hacker, such that such information is unsatisfactory evidence in a court and/or unable to fully support the creator's right confirmation. It is difficult to carry out right confirmation because the creator, supervisory authorities, and copyright user cannot achieve mutual trust in an effective and low-cost manner. In Zeepin Chain, each creator who has validated their rights will receive a type of digital asset called "Copyright Pro", which will get the support from Zeepin Chain in its whole lifecycle including copyright selling, transfer, and co-creator copyright distribution. Zeepin certificate of registration will be issued for the digital asset, and will be recorded on the blockchain with timestamp. Each right confirmation can be treated as right confirmation transaction recorded on the blockchain, which publicizes creator's information, copyright information and creative theme Hash. 2.2 The supervision and distribution mechanism for copyright assets is not complete, and users lack a trust mechanism. ZEEPIN CHAIN SOLUTION: SMART CONTRACT-BASED AUTHORISATION PRO AND ITS TRACEABILITY On Zeepin Chain, once creators successfully validate their right and obtain Copyright Pros, they can use the Copyright Pros to further issue Authorisation Pros, grant the Authorisation Pros to relevant stakeholders involved in production / distribution, and implement the pre-agreed plan for profit-sharing for that particular copyright between the copyright creator and relevant stakeholders (to be programmed into smart contract). On Zeepin Chain, Authorisation Pros are a type of digital assets with fast, safe, trusted and decentralised transaction features, similar to other digital assets. Zeepin Chain's smart contract function will be performed according to related information specified in the Authorisation Pros, and the system will automatically distribute profits for that particular copyright according to the pre- agreed percentage. It is impossible to change, stop or tamper with the whole process. 2.3 The centralised transaction venue is unable to adapt to the "lightweight" innovation development trend. ZEEPIN CHAIN SOLUTION: DECENTRALISED INTERCONNECTION AND TRANSACTION PLATFORM 9

A feature of the creative market today is "lightweight" innovation, referring to a myriad of ideas and intellectual property which may potentially be copyrighted, but which individually have small value. Should owners of these "lightweight" innovation go through the traditional process of negotiations, contract signing and subsequent profit distribution, this small value would be barely able to cover the hefty transaction costs associated with the traditional process. The traditional process is complicated with multiple procedures due to the requirement of trusted third parties to act as the middleman between two unfamiliar parties involved; and these third party(ies) would also want to participate in profit sharing, which raises transaction cost. Zeepin Platform (together with the planned DApps such as Zee Create and ZeeRights on Zeepin Chain) aims to provide a decentralised and trusted creativity interconnection and copyright transaction environment, thus ensuring trust between multiple parties on copyright creativity, need and production without a trusted third party. In this way, the transaction cost will decrease to adapt to the transaction trend of "lightweight" innovation. 2.4 The opaque and untrusted transaction mode is difficult to merger into financial innovation. ZEEPIN CHAIN SOLUTION: TAKING ADVANTAGE OF THE SCALABILITY OF THE BLOCKCHAIN TO INTERCONNECT WITH THIRD-PARTY FINANCIAL INSTITUTIONS AND FINANCIERS Under the current creativity production and copyright transaction model, the whole chain cost is not able to support financial services through traditional procedures, and on the other hand financial institutions find it almost impossible to evaluate and price small amounts of creativity service and digital copyright transaction in a cost effective manner. Zeepin Chain had been conceptualised to provide blockchain-based information encompassing copyright confirmation, transaction, authorisation and pre-agreed profit distribution between users, which exists on the tamper-proof transaction record on the blockchain timestamp. The Zeepin Platform is designed to allow financial institutions to design products, e.g. petty insurance, with smart-contract-like features, thus enabling financial products to integrate into the whole chain covering digital copyright production, interconnection, and transaction, and providing relevant protection to participants. Due to the open and public nature of the blockchain, more financial institutions, stakeholders and third-party commercial institutions can link up with Zeepin Chain in the future, thus enhancing traffic guidance, transaction and service on different nodes of the entire community, while accelerating value circulation for the entire creative industry. 10

3. Mission The Foundation's goal is to promote development, research and advocacy for Zeepin Chain, which is a decentralised blockchain developed for the global creative industry and the decentralised sharing new economy community thereon, which would help global creative content producers and innovators with assets digitisation and rights confirmation, enable efficient transactions and crowd- funding of creative assets, help organisations and individuals improve innovation efficiency, and incubate a large number of self-governing for-profit creative organisations applying blockchain technology to the sharing economy model. Although the global creative industry is developing rapidly, its growth rate still falls short of the expectations of industry analysts. One key reason is that the leading enterprises tend to develop slowly, whilst the development of medium, small and micro-sized enterprises, organisations, and innovative individuals is limited due to copyright, territory, talent, financing, and other related problems. NEO is an open sourced, publicly maintained distributed computing bottom-layer network built on blockchain technology. The subsequent development of NEO offers the possibility of realising a "smart economy", decentralising organisational structure, promoting digitisation of blockchain based assets, creation of digital identities, and the automatic management of digital assets via smart contracts. The Foundation is actively involved in establishing communities and decentralised organisations which non-technical users may use in dApps in order to create and manage based on NEO. Relevant tools have created a new mode for mass collaboration based on economic incentives. Meanwhile, blockchain and encryption technologies are changing the situation, accelerating the development of the creative industry, and enabling innovators to change the world in an easier and more comfortable way. The Foundation aims to create a fair and efficient creative ecosystem, which can be understood as a public facility in the blockchain field which has various kinds of tools (dApps) which anyone can use. These dApps are designed to solve the problems related to the protection of innovation copyright, remote cooperation, talent recruitment, and project financing. For example, the most fundamental dApp in the Zeepin community is ZeeRights, which helps innovators in copyright protection, ensures tradable digital assets, and solves problems from the industrial source. The blockchain technology-based trust system and infrastructure will help achieve collective coordination, creation of value, and accelerate the organic integration of participants in the cultural and creative industries, thus to make it possible for everyone to easily utilise the value resources scattered around the world. Every user of Zeepin Platform may find his/her needed resources and launch innovative / crowd-funding projects. 11

4. Zeepin Community 4.1 Zeepin Infrastructure The Zeepin Platform's infrastructure network is built based on the underlying technology of DNAProject. Meanwhile, in light of different needs, Zeepin Platform also provides innovative multilayered and classified ledger methods. There will be standardised procedures and services, reference data sharing, standardised processing capacity and timely data display. In the future, all people can release applications and digital assets or provide the derivative products/services of digital assets on the chain. 4.2 Zeepin Utility 4.2.1 ZeeCrew Zeepin Platform will introduce ZeeCrew, which is designed to be a key public facility in the community which enables organisations or individuals to form decentralised and autonomous project teams. ZeeCrew is an efficient and cost-benefit way to set up the team running a separate legal entity. With the blockchain-based smart contract and Zeepin's public facilities, the founders are able to outsource various tasks such as office administration, legal services, accounting services, and sharing of profits from the project. Participants can set up a new team contract address as the team's public account. Then new team participants can be added by directionally sending out a profit distribution proportion. Meanwhile, the team can apply for a name and bind its name with its address through Zeepin Name Service, hence enhancing the team's credit standing. ZeeCrew applies to any individuals and organisations. For example, it can be used to flexibly establish new operations or project groups with joint efforts between different companies, between different individuals as well as between individuals and companies. It is a modern eco-friendly and effective operation model as an alternative to the traditional company operation system. The 12

essence of efficiency lies in the fact that you can find project required resources and partners around the world through the community. For example, you can take advantage of the quality copyright of creators to drive the excess capacity of small and medium-sized manufacturers. 4.2.2 Zeepin Token(ZPT) The native token for Zeepin Chain (ZPT) is the infrastructure of the decentralised community. It is a functional utility token which may only be utilised on the Zeepin Platform (if successfully completed and deployed) as a unit of exchange for valuable products / services provided in the ecosystem on Zeepin Platform, and provide incentives which will encourage participants to contribute and maintain the ecosystem on Zeepin Platform. ZPT is a non-refundable functional utility token which will be used as the unit of exchange between participants on the Zeepin Platform. ZPT does not in any way represent any shareholding, participation, right, title, or interest in the Foundation, its affiliates, or any other company, enterprise or undertaking, nor will ZPT entitle token holders to any promise of fees, revenue, profits or investment returns, and are not intended to constitute securities in Singapore or any relevant jurisdiction. ZPT may only be utilised on Zeepin Platform, and ownership of ZPT carries no rights, express or implied, other than the right to use ZPT as a means to enable usage of and interaction with Zeepin Platform. All dApps and tools planned to be developed by the Foundation (e.g. ZeeRights, ZeeCreate, ZeeTalent, ZeeFund, ZeeProof and ZeeSure) will be launched on Zeepin Platforms, and ZPT is the only means by which payment may be made for these dApps and tools. The Zeepin Platform is also planned to have features which would allow for reward-based crowd- funding of certain projects by users on the Zeepin Platform (securities and equity based crowd- funding projects would rejected), and the project organisers would receive ZPT from other users. The ZPT received may be spent by these project organisers on Zeepin Platform, e.g. engaging the services of other developers, designers or professionals. In particular, you understand and accept that ZPT: (a) is non-refundable cannot be exchanged for cash (or its equivalent value in any other virtual currency) or any payment obligation by the Foundation or any affiliate; (b) does not represent or confer on you any right of any form with respect to the Foundation (or any of its affiliates) or its revenues or assets, including without limitation any right to receive future revenue, shares, ownership right or stake, share or security, any voting, distribution, redemption, liquidation, proprietary (including all forms of intellectual property), or other financial or legal rights or equivalent rights, or intellectual property rights or any other form of participation in or relating to the Zeepin Platform, the Foundation and/or its service providers; (c) is not intended to be a representation of money (including electronic money), security, commodity, bond, debt instrument or any other kind of financial instrument or investment; (d) is not a loan to the Foundation or any of its affiliates, is not intended to represent a debt owed by the Foundation or any of its affiliates, and there is no expectation of profit; and 13

(e) does not provide you with any ownership or other interest in the Foundation or any of its affiliates. The contributions in the token sale will be held by a separate entity after the token sale, and contributors will have no economic or legal right over or beneficial interest in these contributions or the assets of that entity after the token sale. To the extent a secondary market or exchange for trading ZPT does develop, it would be run and operated wholly independently of the Foundation, the sale of ZPT and Zeepin Platform. The Foundation will not create such secondary markets nor will it act as an exchange for ZPT. 4.3 Zeepin dApps Similar to the Apple Store, Zeepin dApps provides various API data interfaces for community developers. Any user of Zeepin Platform may release Zeepin-based applications via Zeepin dApps to serve the whole creative industry. The dApps developed or planned to be developed by the Foundation are as follows: 4.3.1 ZeeRights Creative copyright plays a very important role in the ecosystem on the Zeepin Platform. The existing difficulty of rights confirmation and protection limits the innovative impetus for innovators. The Zeepin Platform's solution to this issue is to digitize and record these creative assets through the usage of “Copyright Pro” and “Authorisation Pro”. The Foundation aims to reduce the actual cost to the user for copyright certification to close to zero. Zeepin Platform aims to offer the dApp ZeeSure to support innovators and to ensure the protection of their copyright. 14

ZeeRights is also a decentralised transaction site. It can achieve decentralised creativity protection and transactions by harnessing the breakthrough technology of the blockchain Internet platform with smart contract. For partners who jointly set up organisations or talent recruiters for projects, any violation of copyright by designs provided by their creativity provider will impact their integrity and credibility of their project. Interested parties may thus leverage ZeeRights to gain insights into the credibility and progress of the projects, thus managing and controlling their risks. Core function of ZeeRights has been developed and is under internal testing. 4.3.2 ZeeProof "Zero-knowledge proof" blockchain-based technique is able to provide conclusive proof of copyright existence without disclosing any of the copyright contents, thus greatly reducing the risk of intellectual property violation. 4.3.3 ZeeSure Asset Insurance As a blockchain-based IP insurance platform, ZeeSure will provide creative thinkers/practitioners with one-stop insurance service for various digital intellectual property, as well as legal consultation. Comparing the Zeepin Platform to traditional transaction models, it is very difficult for traditional transaction models to achieve financial innovation. For projects on the Zeepin Platform, insurance or other financial products / requirements are integrated into the entire chain, covering digital copyright development, needs and production, and corresponding protection and services are provided for the participants to improve the security, circulation, and transaction of digital assets. 15

4.3.4 ZeeCreate As a decentralised design interconnection platform on Zeepin Chain, ZeeCreate uses ZPT as the medium of exchange on embedded smart contract, and is able to quickly connect / bridge creative contents and people in need of creative ideas. The Foundation will work with Arting365 to enable over 1.2 million designers worldwide to provide creative services for their customers, and possibly even the whole industry in the Zeepin community. ZeeCreate's matchmaking mechanism makes decentralised peer-to-peer transactions possible. 4.3.5 ZeeTalent Each participating user of the community on the Zeepin Platform will have an independent digital identity, incorporating second-time authentication on the real name authentication through KYC and external identity, in order to ensure completeness of the community information system. It provides a low-cost talent recruitment service, a fast and international communication method. Project parties can recruit teams worldwide using ZeeCrew. 4.3.6 ZeeFund Crowd-Funding Compared with traditional fund-raising models, ZeeFund Crowd-Funding on the Zeepin Platform is designed to be more open and effective. After the evaluation of projects by the Foundation (or its affiliates or third-party service providers), autonomous project teams may quickly launch project crowd-funding for their project on ZeeFund, and project parties can obtain support for the project (to be paid in ZPT). 16

5. Core Participants Zeepin Chain is a blockchain-based creative industry infrastructure. Any individual or organisation may join the community on the Zeepin Platform and access the infrastructure, to provide the resource service which he/she is good at, publish notices about his/her needs, and be paid in ZPT. Participants holding ZPT are entitled to vote for improvements to Zeepin Platform infrastructure as well as some of the projects thereon, and receive incentives for maintaining the Zeepin Platform. However, in order to avoid legal complications, ZPT holders shall not have legal control over any matters relating to the Foundation or any of its assets, or any of its affiliated companies (including without limitation the selection of governing board of the Foundation, over corporate matters, final development direction, specific projects, or deployment of the Foundation's assets, which shall be the final responsibility of the governing board of the Foundation). Creators People engaging in advertising, graphic design, fashion, industry, architecture, and design make up the core groups of the cultural and creative industries. They can promote assets digitisation and copyright protection and transaction, participate in projects looking for skilled manpower and obtain payment (in ZPT) for their services, and launch creative projects in the community, gain ZPT to fund the project, and win favor with manufacturers. Industrial Manufacturers After Zeepin Chain revitalizes the traditional manufacturing sector, manufacturers can use their excess capacity to form economic entities with creators and channel providers, and then unveil competitive products or new consumer goods for crowd funding on Zeepin Platform, thus facilitating project implementation. Entrepreneurial Teams Entrepreneurial teams are often distracted from their own projects by complex issues like talent recruitment & management, accounting, financing, and sales. Zeepin Chain's infrastructure can help them effectively recruit talents and manage teams; and enable them to obtain sharing resources and ZPT support through launching project crowd-funding in the community, which will get the projects off the ground and cut down the initial cost expenditure. Project Supporters In the Zeepin community, holders of ZPT may support and crowd-fund projects which are appealing, in order to speed up their development. 17

Other Participants Zeepin Chain can bring convenience to anyone. For example, in the community, media / authors / artists may source for publishers and distributors, set up economic partnerships and raise ZPT for publishing projects through worldwide crowd-funding. As an highly inclusive decentralised community, Zeepin Chain enables the maximum sharing of excess capacity and surplus value. 18

6. Why Blockchain? 6.1 Decentralised Security Assurance and Credible Traceability In a traditional centralised network, the launch of effective attacks on a central node, e.g. third- party payment intermediaries, will damage the entire system; whereas, in a decentralised blockchain network, attacks on a single node are unable to control or damage the entire system. Differing from the centralised platform, each node on the blockchain must comply with the same set of account keeping and transaction trade rules, which are based on an encryption algorithm instead of credit standing. At the same time, each transaction needs to get the consensus reached by most nodes on the network for final confirmation, thus evading the dark force of a supreme administrator behind a centralised platform. It is the technological cause for the blockchain's ability of offering timestamp and tamper-proof transaction record. 6.2 Assets Digitisation and Right Confirmation Helping global innovators in assets digitisation and rights confirmation is an important mission of the Foundation. All digital assets launched by innovators on Zeepin Platform are endorsed by innovators' identity and works. Connecting the blockchain with real economy via Zeepin Chain can improve the efficiency of economic life and reduce credit cost. 6.3 Decentralised Transaction Platform Zeepin Platform helps to handle the digitisation of copyright assets in a low-cost and credible way. It also manages copyright assets and authorise circulation and utilisation in an effective and convenient manner, so as to benefit the parties on the copyright value chain. Building decentralised transaction platforms based on the blockchain technology, and understanding the credible and tamper-resistant transaction records and the digital copyrights helps to reduce the tedious and repeated processes in copyright transactions. This would ensure the trust between participating parties, and support the idea of one-click, automatic, and commercialised copyright transactions. 6.4 Realisation of Smart Economy Promote assets digitisation based on the blockchain technology and digital identity and carry out automatic management on digital assets through the smart contract to form a distributed network for “smart economy". Realise the smart economy of the global creative industry by integrating digital assets, digital identity, and smart contracts. 6.5 Global Value Transfer The Foundation will work with NEO and Onchain team to deploy and operate an independent blockchain exclusive to the Zeepin project, based on DNAProject underlying technology, and build 19

the bottom blockchain infrastructure and business framework that would be more suitable for Zeepin Platform, the community, and future DApps and applications thereon. In this way, the blockchain database will be more applicable to develop applications based on the consistency of massive data, covering credit investigation, digital copyright, anti-counterfeiting, etc. In addition, atomic transactions on the blockchains can support assets digitisation, asset swaps, payment, and other functions and realise Zeepin's DAO and dApp applications, so as to fulfill the seamless connection and transfer of global values. 20

7. ZPT Purpose 7.1 Establishing a Consistent Community Incentive Mechanism The cultural and creative industries consist of creators, manufacturers, and consumers, each of which supports the development of the whole platform, but there was no method or incentive mechanism for all these stakeholders to co-exist harmoniously. In the ecosystem on Zeepin Platform, users may choose and participate in every link, such as crowd-funding in projects, and purchasing more ZPT for more rights in voting. 7.2 Establishing a Disintermediated Service System The traditional cultural and creative industries are complicated, with a great number of intermediary agents, each striving to increase their own profits. This model is not transparent – the Zeepin Platform is designed to eliminate intermediary agents and distribute value from creative products to the key stakeholders in a transparent and efficient manner through the usage of ZPT and smart contract-based automatic handling. 7.3 Establishing a Safe and Efficient Crowd-funding Environment Based on the data evaluation related on ZeeTalent digital identity authentication, ZeeRights copyright assets and right infringement, and ZeeFund third-party project due diligence on Zeepin Chain, is planned to be able to develop multi-dimensional data about credible identity, credible data authorisation, and credible project evaluation to significantly improve capital efficiency and reduce risks of crowd-funding. 21

8. ZPT Application 8.1 Community Reward 8.1.1 Credit Bounty In order to reward great ideas, to encourage behavior which is positive for the development of the community on the Zeepin Platform, and to drive the stable and healthy development of the Zeepin community in the long run, Zeepin Platform will introduce a "Credit Score" to incentivise participants for their positive content and behavior (e.g. generating, recommending, reviewing and sharing content). These behaviors will be determined through a standard smart procedure to create a fair and transparent incentive mechanism, to enable the Zeepin community to have more participants, higher quality content and more active participation, and to promote the healthy and stable development of both Zeepin Platform and the community thereon. Zeepin will assign credit scores for every user, and the components which determine a user's credit scores would include factors such as: (1) Frequency of participation in community activities; (2) Quantity of works or copyrights that have a certain "like" record; (3) Transaction volume on ZeeRights; (4) Users help promote and sell crowd-funding products through the promotion channels for Zeepin crowd-funding; (5) Innovator or team participate in ZeeCreate creative project and is commended; and (6) Other active and positive activities encouraged by the community. The Zeepin Platform will include a feature for the exchange between assigned credit scores and ZPT, such that credit scores may be exchanged for ZPT at an exchange rate determined by Zeepin Platform. These ZPT will come from the pool of additional ZPT issued each year by the Foundation. After exchange, credit scores can be accumulated and used for credit rating upgrade. 8.1.2 Third-party evaluation agency and due diligence agency for crowd-funding projects Teams intending to launch crowd-funding projects on Zeepin Platform will be rated by Zeepin Platform (or its affiliates or third-party evaluation agencies), and the ratings are critical to team selection during the pre-sales of crowd-funding projects. These evaluation expenses will be paid with ZPT. The teams which pass the evaluation process will be allowed to launch projects on Zeepin Platform, which are further evaluated by Zeepin Platform (or its affiliates or third-party evaluation agencies). The projects which do not pass the evaluation will not be allowed to launch the project. The due diligence expenses will also be paid with ZPT. 22

8.2 Lock-up and Utilisation ZPT would be utilised in the following situations: 8.2.1 Credit ratings range from v1-v2-v3. When credit scores meet the requirements of the Zeepin Platform, a rating upgrade is allowed, subject to locking of a certain amount of ZPT. 8.2.2 Registration of name of a team or organisation on Zeepin Platform would require payment of ZPT. 8.2.3 Storing of copyright source code on ZeeRights would require payment of ZPT. 8.2.4 Promotion of a particular project, organisation, or product to the community on the Zeepin Platform would require payment of ZPT. 8.2.5 ZPT would be used as the unit of exchange for valuable services provided in the ecosystem on Zeepin Platform, and users may obtain or use innovative tools and resources (e.g. materials, services) by paying ZPT. With the continued development of Zeepin Platform, it is contemplated that there will be more and more situations in which ZPT may be used in diversified dApps developed. 8.3 Crowd-funding projects Entities which crowd-fund ideas, products, and copyright derivatives on Zeepin Platform will be required to conduct a "pre-sale", which is only opened for holders of ZPT and entitling these holders of ZPT to additional discount in the crowd-funding. The ZPT raised for crowd-funded projects will also be locked up by smart contract, and granted to project teams according to agreed project schedule. 23

9. Zeepin Platform Road Map for development Project Progress Estimated For Zeepin Chain Under development April 2018 ZeeWallet UI design completed and under development April 2018 Function development completed and under ZeeRights May 2018 internal testing and upgrading Core function development completed and ZeeCreate August 2018 under internal testing and upgrading Demo design completed and under ZeeSure October 2018 preparation ZeeCrew Under planning January 2019 ZeeFund Under planning April 2019 ZeeTalent Under planning October 2019 ZeeProof Under planning December 2019 24

10. Main Challenges 10.1 Developing Blockchain-based Stable and Flexible Applications Applying the principle of agile development, Zeepin Platform will adopt a product-driven approach to meet users' needs in a faster and better manner. The number of consortium blockchain-based applications on Zeepin Platform will gradually increase, and the existing applications will also be gradually improved. Infrastructure components and core services will bring about risks if they have to face changing demands in an undergoing project. It is very challenging to strike a balance between platform stability and change flexibility. The Foundation realises and emphasises the significance of platform stability as it serves as the common foundation for many products. 10.2 Content Infringement and Plagiarism Copyright protection is a key basic foundation of Zeepin Platform, so the rules to avoid content infringement are especially important. Zeepin Platform has strict rules to prohibit content plagiarism (whatever the extent). The Foundation has designed the mechanism and procedures for reporting and review of content infringement. Users who violate the prescribed rules may be penalised with account and IP suspension and not allowed to log in to our system. Depending on the severity of the violation, the credit scores and user's remaining ZPT may be locked up or destroyed. Meanwhile, the Foundation will work to protect users who have registered copyright on ZeeRights. It will actively cooperate with third-party websites to search for information related to the infringement of registered copyright on ZeeRights by other people or organisations. The Foundation will also encourage users to buy insurance for copyright protection, and assist users in safeguarding their legal rights. 10.3 Credit Score Evaluation System for Reward To improve participation in projects on Zeepin Platform and incentive users to submit high-quality content, Zeepin Platform would be required to incentivise users objectively. However, the nature of evaluation of content and copyright would be subject to a degree of subjectivity and personal preferences of evaluators. Thus, Zeepin Platform would incorporate machine learning algorithm which considers the applicant's credit scores, and calculates incentives based on objective indicators such as credit scores and quantity. In addition, the participation reward for design project is related to the total project amount. When participating in the promotion of crowd-funding projects, users will get a promotion QR code, and the credit scores obtained from efforts in promotion (by scanning the QR code) will be automatically included into that promoter's credit scores. 10.4 Evaluation Method and Data Authenticity for Crowd-funding Project The accuracy of information disclosure for crowd-funding projects is critical to the correct judgment and risk analysis of crowd-funding projects. Zeepin Platform will strive to improve the data 25

authenticity and transparency of project teams and information, including the team scores and due diligence conducted under the cooperation with third parties. The historical records of teams will be recorded on ZeeCrew and cannot be changed. In addition, Zeepin will codify the crowd-funding rules into smart contract, and record codes and project status on the blockchain. In order to improve credibility of ZeeFund applications, funds and fund transfer would be directly controlled by smart contracts. Where copyright protection is required, project design will be recorded on ZeeSure for protection. It is contemplated that product sales data would be traceable via in-built chips and blockchains. Zeepin Platform will track the project during the whole cycle via blockchains. 10.5 Copyright Protection and Crowd-funding Platform to Integrate Traditional Ideas Currently, there is no global multi-functional platform which covers the whole industrial chain from idea production, connection, protection, and crowd-funding of creative projects. The Foundation intends to be deeply engaged in the vertical fields of the creative industry, and develop and expand the new global creative market with the blockchain technology, so as to avoid direct competition with traditional single-function platforms. 26

11. ZPT Sale Plan The total amount of Zeepin Tokens (ZPT) will be 1 billion. Details of the sale of ZPT will be published on the official website closer to the sale date. The sale will last for 12 days from January 18, 2018 to January 29, 2018 based on NEO Blockchain and the NEO smart contract, NeoContract. The hard-capped for the sale of ZPT is 420,000 NEO. The number of ZPT to be sold at the sale would be 500 million (50% of the total number). Official website: https://www.zeepin.io Currency accepted: NEO / BTC / ETH The token sale will last for 12 days. The earlier you participate, the more bonus ZPT received. The specific time periods and bonus percentages are as follows: From Day 1 to Day 2 Pre-sale 30% bonus From Day 3 to Day 4 20% bonus From Day 5 to Day 6 15% bonus From Day 7 to Day 8 Crowdsale 10% bonus From Day 9 to Day 10 5% bonus From Day 11 to Day 12 0% bonus Allocation of ZPT 50% will be sold publicly through the token sale. The sale proceeds will be applied towards upgrades, operations and marketing of Zeepin Platform, the operation and management of the Foundation, financial and legal consulting fees, cost incurred in the token sale, bonuses, etc. 20% will be used as provision for community development. Gradually allocated to new contributors and users in order to help to promote the development of the ecosystem and community on the Zeepin Platform. 20% will be held by the founding members of the team and early supporters. 27

This portion of ZPT will be used to provide incentives for the Zeepin team in the long run. The lock- up period is 2 years. 50% of these ZPT will be unlocked 1 year after the token sale, and the remaining 50% will be unlocked 2 years after the token sale. 10% will be used as the R&D fund. This will be reserved for incentives to partners, academic research, and third-party platforms. In order to reward community contributors with a Consistent Community Incentive Mechanism and drive the long-term, stable and healthy development of the community, the Foundation will issue an additional 10% of ZPT from the second year for the producers of quality content. The inflation rate will go down year after year. Project budget The funds raised through the token sale will be applied towards the objects of the Foundation, the development of Zeepin Platform and activities promoting the development of the Zeepin Community. The amount of the funds raised through the token sale will affect or determine the allocation percentages of the funds. The following is a allocation scenario where the amount of the funds raised is above the minimum amount needed and is relatively ideal: 28

50% for the development and improvement of the core features This includes the development and integration of the Zeepin Community's applications. At the same time, new features will be added to Zeepin Platform, and iterative improvements and upgrades of user experience will be carried out. Another very important part is to increase the security of the Zeepin Community on an ongoing basis. 20% for project operation In order to ensure the smooth development and operation of Zeepin Platform and applications thereon, the Foundation will hire an operation team matching the development of the community. 15% for marketing As there are an existing 1.20 million mature users and professional media platforms, the Foundation will require less funds to achieve a better marketing result. This budget will be used to promote the Zeepin Community as a whole and its applications. The Foundation will also use word-of-mouth (WOM) marketing to reach a wider range of users faster. 15% for the Zeepin Chain Board of Directors In order to ensure the long-term and effective operation of the Zeepin Chain Management Committee. The money will be mainly used to pay the Board of Directors, and to cover the cost of conducting token sale, the bonuses, the audit fees, as well as the legal fees, compliance-related expenses, etc. 29

12. Board of Directors The Foundation's Board of Directors, which comprises early supporters, founders, and partners, is responsible for the Foundation's decision making and supervision of the development of Zeepin Platform and Zeepin Chain. Through voting on project development and operation, the committee develops the strategic planning on the long- term development of the project, reviews the annual operation plans, and makes important decisions. The Foundation's Board of Directors is also responsible for managing technology development of Zeepin Platform, project implementation and operation, and market promotion, so as to drive the secure and fair development of the ecosystem on the Zeepin Platform. The Board of Directors will be committed to ensuring the transparency of governance and the security of funds, as well as protecting the interests of relevant stakeholders by designing a sound governance structure. 30

13. Zeepin Team Zhu Fei Founder & Chief Executive Officer Former CEO of Arting365, with 15 years of experience in the creative industry; Director of Shanghai Top Young Creative Talents Association; Director of Shanghai-Jiangnan Intelligent Manufacturing Park Creative Industry Promotion Center; Director of Shanghai Industrial Design Association; Awarded as "20 Top Young Creative Talents in Shanghai in 2011"; Founded many Internet companies involving creative e-commerce, creative media, and design education, and has successfully created and operated a creative community with over 1.2 million designer users; Led his team to successfully serve more than 200 large and medium-sized creative projects; Has paid continuous attention to the development of the creative industry, and made his own contributions to turning creativity into values. Shenbi Xu Co-Founder & Chief Strategy Officer Former Chief Strategy Officer of Arting365 Devoted to the application research in the creative sector, and is the main designer of ZeeRights business procedure; Has 18 years of work experience in multinationals, and previously served as Asia-Pacific Head of GE Innovation Center, mainly responsible for providing product solutions for designers across the globe; Once provided service for Apple, Microsoft, Huawei, Xiaomi, and Samsung; Led and participated in multiple large-scale IT and business process improvement projects in Asia Pacific and the whole world; Skilled in strategic planning, customer service, project management, etc. 31

Glove Gu Co-Founder & Chief Operating Officer Graduated from the China Academy of Art and majored in digital media; Has over 10 years of corporate operation and management experience; Operated over 50 events for international brands including Coca-Cola, Adobe, Haier, CHOW TAI FOOK, Capital Airlines, Lenovo, HP, and EPSON; Successfully operated various kinds of creativity incubation courses and workshops, with over 1,000 participants; Has accumulated rich practical experience in project management, community operations, and marketing planning. Jason Xu Senior Developer Served multiple well-known enterprises, and has over 10 years of technology development and operation experience; Familiar with the deployment and optimisation of distributed applications, and carried out certain research on data structure, asymmetric encryption, security protocol, and encryption algorithm; Has rich experience in the development of blockchain-based upper applications and bottom application interfaces; Responsible for realising the smart contract and relevant logic according to different business applications in the Zeepin ecosystem, including the development of Zeepin Chain application interfaces, architecture design, deployment, and automatic operation and maintenance; Responsible for the architecture design, upgrading, and optimisation of overall project planning and technology decision proposals. 32

Zhang Ying Chief Brand & Fashion Officer Well-known fashion promotion and brand management operator; senior fashion expert. Studied at the London College of Fashion of the University of the Arts London, and Istituto Marangoni, and obtained dual masters degree of MA Fashion Design and MA Fashion Promotion; Led brand planning and market expansion for multiple well-known luxury brands; Accumulated rich experience in the fashion field, involving photography, fashion illustration, graphic design, brand image, fashion trend, styling, public relations, fashion movie, fashion show planning, performance installation design, and application of emerging e-platform; Participated in the strategic transformation of well-known domestic brands; Launched XCOMMONS, a platform dedicated to the optimisation of Chinese fashion business ecosystem, during the 2017 Shanghai Fashion Week. Shadow Tang Chief Public Relation Officer Has 10 years of work experience in brand consulting; trans-boundary creator. Always active in the frontline of illustration, advertising, and Internet startup sectors; Previously worked for EnergySource, TBWA, Sina and other well-known enterprises; Serves customers including the Germany-based Volkswagen, Benz, Coca-Cola, Fotile, and McDonald; Won Effie Award, Gold Award of China Advertising Festival, etc. Worked with well-known fashion brand TOY2R to launch Global Limited Edition toys, which were collected by many trendsetters; Established the creativity collaboration platform Julizi; Joined Zeepin team to better promote the global innovation force. 33

Leo Cai Head of Investor Relations Has years of venture capital experience; dedicated to blockchain and artificial intelligence sectors. Studied at the School of Informatics of the University of Edinburgh, and obtained a bachelor degree in Computer Science and a master degree of Artificial Intelligence; Participated in the development of many AI projects in Britain; Conducted in-depth research on a large number of blockchain projects across the globe; Has a profound understanding of blockchain technology and applications; Responsible for the investment in multiple domestic blockchain application projects; One of the early investors of Zeepin. Ecology partner Underlying technology partner 34

14. Risk Factors Buyers of ZPT through the token sale should carefully read through this Whitepaper, the Token Purchase Agreement, and all relevant information at the official website to have a comprehensive understanding of the potential risks associated with participating in the token sale of ZPT and make a well-thought-out decision whether to purchase ZPT. Buyers should be fully aware that the Foundation (or its affiliates) will not provide any refund of purchase of ZPT under any circumstance. The Foundation will apply the proceeds of the digital assets raised through the token sale of ZPT to manage the project to develop Zeepin Platform and Zeepin Chain, and use reasonable efforts to ensure that the project proceeds in the general direction as that discussed in the Whitepaper. However, buyers may still face various risks of incurring losses (as more particularly described in the Token Purchase Agreement). The risks include compliance/operation risk, risk on the token market, risk in digital wallet management, technical risk, systematic risk, risk of vulnerabilities or hacking, risk associated with the development of cryptography, and other risks not listed here. Uncertain Regulations and Enforcement Actions The regulatory status of ZPT and distributed ledger technology is unclear or unsettled in many jurisdictions. It is impossible to predict how, when or whether regulatory agencies may apply existing regulations or create new regulations with respect to such technology and its applications, including ZPT and/or Zeepin Platform. Regulatory actions could negatively impact ZPT and/or Zeepin Platform in various ways. The Foundation (or its affiliates) may cease operations in a jurisdiction in the event that regulatory actions, or changes to law or regulation, make it illegal to operate in such jurisdiction, or commercially undesirable to obtain the necessary regulatory approval(s) to operate in such jurisdiction. After consulting with a wide range of legal advisors and continuous analysis of the development and legal structure of virtual currencies, the Foundation will apply a cautious approach towards the sale of ZPT. Therefore, for the crowdsale, the Foundation may constantly adjust the sale strategy in order to avoid relevant legal risks as much as possible. For the crowdsale, the Foundation is working with Tzedek Law LLC, a boutique corporate law firm in Singapore active in the blockchain space. Risks associated with markets for ZPT ZPT are designed to be used solely on Zeepin Platform, hence there may be illiquidity risk with respect to ZPT. The value of ZPT may be extreme volatile and diminish to zero because ZPT is not accepted by the market, the market as a whole is weak, there are not enough users using them, development of Zeepin Platform is stagnant, or there are rumors or other uncontrollable factors. 35

Risk in digital wallet management Buyers may receive ZPT only after installing the Zeepin Wallet and obtaining the digital wallet address. Individual users are responsible for protecting their private key (i.e. the password for their wallet), which is used to sign transactions proving their ownership of the assets involved. The users should be fully aware that, because of the decentralised transaction style of the blockchain, if their private key or password is lost or stolen, the tokens on their account (the wallet address or the public key) will be lost forever and cannot be recovered. The best way to avoid the risk or the safest way to put their private key is to securely save their private key in one or several places. For this reason, do not store it on a public computer. You can also write it down and physically keep it. Technical risk Technical risk refers to major issues with the underlying technologies, and as a result, Zeepin Platform cannot perform its expected functions and critical data is falsified or lost. Systemic risk Systemic risk refers to the risk caused by the large-scale faults of the global network infrastructure such as force majeures like wars and natural disasters that may cause the partial or total interruption of the global Internet. Risk of vulnerabilities or hacking The risk of vulnerabilities or hacking refers to the possibility that hackers or other organisations may find the possible vulnerabilities using any method and try to attack Zeepin Platforms (or DApps and applications thereon) or ZPT, including but not limited to denial-of-service attacks (DoS attacks), Sybil attacks, malware attacks or consistency attacks. Risk associated with the development of cryptography Cryptography is developing and cannot absolutely ensure security. The development of cryptography such as the progress in code breaking technologies or the development of quantum computers can pose risks to all encryption-based systems, including Zeepin Chain. This may lead to ZPT held by everyone being stolen, lost, missing, damaged or depreciated. Failure to develop There is the risk that the development of Zeepin Platform and Zeepin Chain will not be executed or implemented as planned, for a variety of reasons, including without limitation the event of a decline in the prices of any digital asset, virtual currency or ZPT, unforeseen technical difficulties, and shortage of development funds for activities. 36

Other risks In addition to the aforementioned risks, there are other risks associated with your purchase, holding and use of ZPT, including those that the Foundation cannot anticipate. Such risks may further materialise as unanticipated variations or combinations of the aforementioned risks. You should conduct full due diligence on the Foundation (and its affiliates), the Zeepin team, understand the overall framework and vision for Zeepin Platform and Zeepin Chain prior to purchasing ZPT. Follow us : Website: https://www.zeepin.io/ Telegram: https://t.me/zeepin Twitter: https://twitter.com/ZeepinChain Facebook: https://www.facebook.com/zeepinChain Reddit: https://www.reddit.com/r/zeepin/ 37