Cashaa Whitepaper

Sunday, June 17, 2018
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“The​ ​next​ ​generation​ ​banking​ ​platform​ ​for​ ​the​ ​next​ ​billion” PLATFORM​ ​WHITEPAPER Version:​ ​1.1 Author:​ ​Kumar​ ​Gaurav [email protected] Contributors:​ ​Alex​ ​Norta,​ ​Mikko​ ​Ohtamaa,​ ​Celestine​ ​Vettical Copyright​ ​2017​ ​@​ ​Cashaa​ ​Limited

Content 1.​ ​Executive​ ​Summary 3 2.​ ​The​ ​Cashaa:​ ​The​ ​next​ ​generation​ ​banking​ ​platform​ ​for​ ​the​ ​next​ ​billion 4 3.​ ​Cashaa​ ​Beta​ ​Launch:​ ​Remittance​ ​&​ ​Trading 7 4.​ ​Design​ ​Approach 10 4.1​ ​Ecosystem 11 4.2​ ​ ​Blockchain​ ​Technology 12 5.​ ​Products 13 5.1​ ​Wallets 13 5.2​ ​Physical​ ​&​ ​Virtual​ ​cards 13 5.3​ ​Micro​ ​Lending 14 5.3​ ​Peer-to-peer​ ​exchange​ ​(Beta​ ​Tested) 15 5.5​ ​Peer​ ​to​ ​Peer​ ​Insurance​ ​(Future) 16 6.​ ​Key​ ​Milestones​ ​accomplished 17 7.​ ​Public​ ​Appreciation 18 8.​ ​Future​ ​Roadmap​ ​and​ ​Business​ ​Growth​ ​Model 20 9.​ ​Go​ ​to​ ​Market​ ​Strategy 21 9.1​ ​Strategic​ ​Partnerships 21 9.2​ ​Legal,​ ​Auditing​ ​and​ ​Regulatory​ ​Partnerships 21 10.​ ​Cashaa​ ​Tokens​ ​and​ ​Token​ ​Generation​ ​Event 22 10.1​ ​Token​ ​Functionality 23 10.1.1​ ​Benefits​ ​of​ ​CAS​ ​token 23 10.1.2​ ​Acquiring​ ​tokens 23 10.1.3​ ​Spending​ ​tokens 23 10.1.4​ ​Governance​ ​mechanism 25 10.2​ ​Token​ ​Summary 25 10.3​ ​Token​ ​Sale​ ​and​ ​Distribution​ ​Roadmap 25 10.4​ ​Token​ ​Distribution 27 10.5​ ​Token​ ​Availability​ ​ ​&​ ​Vesting​ ​Period 27 10.6​ ​Use​ ​of​ ​ ​Proceeds​​ ​from​ ​Token​ ​distribution 29 10.7​ ​Token​ ​Support 32 10.8​ ​Assurance 32 Copyright​ ​2017​ ​@​ ​Cashaa​ ​Limited

1.​ ​Executive​ ​Summary The global financial crisis revealed significant weaknesses in the existing financial system and some of the vulnerabilities already showed their impact on the interconnected global market. The world economy is still struggling with slow growth rate today1. Transferring money for remittance, money lending across international borders is still very complicated, time consuming2 and expensive3. Existing systems running on traditional banking channels are slow and full of intermediaries, higher exchange rates, counter-party risks,​ ​bureaucracy​ ​and​ ​extensive​ ​paperwork4. More than 3.5 billion people are still unbanked5 or underbanked6 and have few opportunities to have a safe and secure way to participate in the global economy. On-boarding this missing population to the benefits of the global financial system is key in order to provide a sustainable solution for their future economic outlook. However, it turns out that consumers and businesses are struggling to leverage the benefits of the Blockchain infrastructure due to poor usability, non customer centric approach and improper​ ​legal​ ​implementation. Cashaa built its infrastructure on the blockchain and utilizes a​ rtificial intelligence to power mainstream adoption for financial products. It ​empowers the banked and unbanked population, facilitates low cost currency exchanges, enables participation in the global economy and develops the new outlook for this community by using open architecture​. Instead of rebuilding or riding on the rails of archaic banking infrastructure, we built Cashaa to allow consumer adoption of cryptocurrencies, which let people move money as they wish at low cost and high speed, without having to understand the technical details of crypto​ ​and​ ​blockchain​ ​technology,​ ​thereby​ ​making​ ​it​ ​user​ ​friendly,​ ​secure,​ ​and​ ​affordable. This whitepaper fills the gap between the existing financial system and emerging non-user friendly technologies by presenting a secure and simple way to use payments and banking architecture that aims to lower financial inclusion barriers and provide financial services to the banked and unbanked. We present the advantages of the Cashaa system, outlining its requirements and goals, along with the architecture for its financial ecosystem. In addition, we present the results of C ​ ashaa’s use case for a remittance​ ​and​ ​trading​ ​system​ ​that​ ​involved​ ​over​ ​12,770​ ​registered​ ​users​ ​from​ ​141​ ​countries. 1 ​ ​GDP​ ​growth​ ​(annual​ ​%) 2 ​ ​What​ ​are​ ​the​ ​remittance​ ​fees​ ​worldwide? 3 ​ ​Lending​ ​interest​ ​rate​ ​(%) 4 ​ ​What`s​ ​wrong​ ​with​ ​Banking​ ​and​ ​what​ ​to​ ​do​ ​about​ ​it 5 ​ ​THE​ ​GLOBAL​ ​FINDEX​ ​DATABASE​ ​2014 6 ​ T​ hree​ ​Quarters​ ​of​ ​The​ ​World’s​ ​Poor​ ​Are​ ​“Unbanked” Copyright​ ​2017​ ​@​ ​Cashaa​ ​Limited

2.​ ​The​ ​Cashaa:​​ ​The​ ​next​ ​generation​ ​banking​ ​platform​ ​for​ ​the​ ​next​ ​billion The Cashaa team is building a next generation model for financial services which is based on blockchain technology and artificial intelligence which will empower devices with biometric identification systems to solve​ ​the​ ​problems​ ​of​ ​the​ ​existing​ ​financial​ ​system​ ​for​ ​the​ ​unbanked​ ​as​ ​well​ ​as​ ​banked​ ​population7. Problem​ ​1: Having a traditional rail infrastructure, where moving money requires huge processing efforts includes endless problems. One of the main reasons for friction in this current system is that information is siloed between the players in the industry. A meagre amount of engineering is done on the payment systems which are compatible across payment networks and financial institutions. Examples include FedWire8, CHIPS9, SWIFT10, consumer card payment networks, NSCC/DTCC11, OCC12, ACH13 and many others depending​ ​on​ ​countries14. Problem​ ​2: The recent emergence of cryptocurrency tokens showed a silver lining to save us from the legacy systems. However, it turns out that a growing number of users and businesses are struggling to leverage on the existing blockchain infrastructure. The primary role of blockchains was to solve coordination and synchronization problems amongst multilateral agreements between a network of participants, but it seems that these multiple blockchains are now giving a hard time to “real users” and have become a bottleneck for the mainstream adoption15. Also the current attempts by others to provide blockchain based solutions lack the workflow needs of small and medium sized enterprises, and the applications are not​ ​addressing​ ​the​ ​average​ ​consumer's​ ​issues​ ​and​ ​not​ ​providing​ ​legally​ ​compliant​ ​solutions​ ​to​ ​their​ ​users. Vision: We believe there should be an efficient alternative to existing payment and banking systems. Our blockchain-based payments system aims to lower financial inclusion barriers and provide financial services to the banked and unbanked. Our vision is to build the payments and banking infrastructure for the future 7 ​U ​ sing​ ​Fingerprints​ ​to​ ​Bank​ ​the​ ​Unbanked 8 ​ ​Federal​ ​Reserve​ ​Bank​ ​Services 9 ​ T​ he​ ​Clearing​ ​House 10 ​ S​ WIFT​ ​-​ ​The​ ​global​ ​provider​ ​of​ ​secure​ ​financial​ ​messaging​ ​services 11 ​N​ ational​ ​Securities​ ​Clearing​ ​Corporation 12 ​ ​Office​ ​of​ ​the​ ​Comptroller​ ​of​ ​the​ ​Currency 13 ​A ​ utomated​ ​Clearing​ ​House 14 ​ ​SWIFT,​ ​CHIPS,​ ​ACH,​ ​Fedwire​ ​and​ ​Bitcoin... 15 ​ ​The​ ​6​ ​Major​ ​Hurdles​ ​for​ ​Blockchain​ ​Adoption Copyright​ ​2017​ ​@​ ​Cashaa​ ​Limited

on a robust AI driven blockchain infrastructure which can make the legacy system obsolete, thus creating value​ ​for​ ​the​ ​world.​ ​ ​Cashaa​ ​is​ ​based​ ​on​ ​4​ ​foundational​ ​principles: 1. Powering financial products for the Banked and Unbanked​: Cashaa's digital and transparent services are not only attractive for the banked population, but they can also deliver financial inclusion solutions to the 2.5 billion unbanked and 1 billion underbanked globally, thereby creating a unique cross-border​ ​platform​ ​which​ ​can​ ​serve​ ​the​ ​entire​ ​population. 2. Facilitating low-cost Currency Exchanges​: Send money across borders quickly, for a small flat fee - a fraction of the current costs, which today on average are 7 %16. Our industry-leading technology platform powered by our traders network can protect your money and offer best foreign exchange (FX)17 rates every​ ​time​ ​you​ ​utilize​ ​Cashaa. 3. Enabling Investments in the Global Economy: ​Cashaa products can enable its users to access the global economy in a decentralised manner. They can facilitate the transfer of value across borders allowing greater​ ​portfolio​ ​diversification​ ​with​ ​higher​ ​yields18. 4. Dedicated to the Community with an Open API: ​Create the next generation DApp to solve the world's biggest financial challenges. Our developer SDK and Open API with integrated biometric and artificial​ ​intelligence​ ​services​ ​will​ ​accelerate​ ​the​ ​growth​ ​of​ ​digital​ ​innovation. Team: Our team is comprised of the best, brightest and most passionate people in the industry sharing the same vision of making blockchain applications simple and accessible for the masses. Our team has more than 200 Years of Payments and Banking experience which is led by successful entrepreneurs who built their companies​ ​from​ ​scratch​ ​which​ ​are​ ​now​ ​part​ ​of​ F​ ortune​ ​Top​ ​15​ ​companies​ ​in​ ​the​ ​world​. Proven track records of our team members give us legal and regulatory understanding, domain expertise, emerging technologies and fulfilment of licensing requirements. Our team and advisory board includes C suite executives from ​Fortune 100 technology and financial services companies and from ​leading educational​ ​institutions​. Kumar​ ​Gaurav​​ ​has​ ​received​ e​ xtraordinary​ ​status​ ​(O1)​ ​by​ ​the​ ​United​ ​States​ ​Government,​ ​is​ ​the​ ​Chairman of​​ ​Auxesis​ ​Group​,​ ​an​ ​international​ ​speaker​ ​who​ ​ranks​ ​among​ ​the​ ​Top​ ​100​ ​Blockchain​ ​Influencers​ ​in​ ​the world​,​ ​also​ ​founded​ ​Darwinsurance​​ ​(Acquired​ ​by​ ​Esedra)​​ ​backed​ ​by​ A ​ IG​,​ ​and​ ​is​ ​an​ ​advisor​ ​to​ ​many​ ​incubators &​ ​startups. Celestine Vettical was founder & CEO of Perfomix which was acquired by ​Baker Hughes, GE company​. VP Baker Hughes, VP C ​ ognizant​. Worldwide Director M ​ icrosoft​, Director ​SAP​. Co-Inventor of self-service mailing​ ​machines​ ​located​ ​in​ ​US​ ​Post​ ​Offices.​ ​Co-founded​ ​Paymetric​ (​ SAP​ ​Partner)​. 16 ​W​ estern​ ​Union​ ​charged​ ​$29​ ​to​ ​send​ ​$137​ ​to​ ​Nigeria. 17 ​ ​What​ ​is​ ​Forex? 18 ​N ​ EWS​ ​WIRE:​ ​Offshore​ ​Microfinance​ ​–​ ​The​ ​Only​ ​Legitimate​ ​High​ ​Yield​ ​Investment​ ​Program? Copyright​ ​2017​ ​@​ ​Cashaa​ ​Limited

Dominic Melo is Chief Payments officer at Cashaa and an experienced payments process flow designer quoted as Mr. Payments by Forbes. Owns ​European E-Money Institutions ​and payments licenses for South​ ​American​ ​countries. Dr. Bernard Lietaer has been active in the realm of monetary systems for nearly 4 decades. He is the author of widely acclaimed books including T​ he Future of Money, Money and Sustainability​, and N ​ ew Money for a New World​. Dr. Lietaer is known as the “​Architect of the Euro​” while he was at the Central Bank​ ​of​ ​Belgium.​ ​Businessweek​ ​named​ ​him​ ​“t​ he​ ​world’s​ ​top​ ​currency​ ​trader​”​ ​in​ ​1992. Janina Lowisz has been popular in the industry as Blockchain Girl, worked as blockchain analyst for major companies and co-founded Bitnation. Today she is also a T​ op 100 Global Blockchain Influencer​, blockchain​ ​speaker​ ​and​ ​model. Dr. John Henry Clippinger is a research scientist at the MIT Media Lab. He is the author of “​ ​F​rom Bitcoin to Burning Man and Beyon​d: The Quest for Identity and Autonomy in a Digital Society”​, and ​“​A Crowd o One: The Future of Individual Identity”​. John is also Governance Advisor for B ​ ancor Foundation and is helping​ ​us​ ​to​ ​build​ ​a​ ​robust​ ​identity​ ​solution​ ​for​ ​the​ ​2.5​ ​billion​ ​unbanked​ ​people. Prof. Dr. Alex Norta is a research member at the Faculty of Informatics at Tallinn University of Technology. He is the Chief Scientific Officer at ​Agrello Foundation and Chief Scientist at ​Qtum Foundation​.​ ​Alex​ ​is​ ​helping​ ​Cashaa​ ​to​ ​build​ ​the​ ​AI​ ​based​ ​smart​ ​contract​ ​capabilities. Anil Earla is Head of Information & Data Analytics, ​VISA​. With over 20 years of Fintech Experience, he is heading Digital Transformation at VISA and leading various technology teams. Anil`s strategic role is helping​ ​Cashaa​ ​to​ ​build​ ​a​ ​scalable​ ​payments​ ​product​ ​which​ ​can​ ​serve​ ​billions​ ​of​ ​people. Rakesh Lakhey has 15+ years of Banking experience including at ​World Bank and is proactively negotiating​ ​with​ ​corporates​ ​and​ ​governments​ ​to​ ​build​ ​strong​ ​partnerships​ ​to​ ​grow​ ​Cashaa​ ​in​ ​Asia. Simo Mcunu is an experienced banker from top South African banks such as F​ irst National Bank & R ​ and Merchant Bank​. He has won numerous awards for his innovations in banking and has served as Chairperson​ ​of​ ​the​ J​ unior​ ​Board​ ​in​ ​Africa's​ ​most​ ​innovative​ ​bank​ ​ranked​ ​in​ ​2016​ ​&​ ​2017. ​ lockchain News​. Founder, The Hackitarians. Partner, Richard Kastelein is the Founder & Publisher of B Crypto Assets Design Group and Director, Blockchain Partners. He also served as an Innovation Manager for​ ​the​ E​ uropean​ ​Parliament​. Mikko Ohtamaa ​is a Founder & CTO of T​ oken Market​. He was also CTO for L​ and Advisor to​ F​ irstBlood​ ​and​ ​many​ ​top​ ​blockchain​ ​projects. For​ ​complete​ ​team​ ​members​ ​visit​ ​ Copyright​ ​2017​ ​@​ ​Cashaa​ ​Limited

3.​ ​Cashaa​ ​Beta​ ​Launch:​ ​Remittance​ ​&​ ​Trading We already built and beta tested a blockchain-powered platform, which offers innovative trading and money transfer services between fiat and crypto currencies. 1 ​ 2,770 beta users across 141 countries tested the​ ​platform​ ​transacting​ ​฀​ ​2108.23486​ ​(approx.​ ​$10​ ​M)​. Cashaa video (The video gives an overview of cash transfer; over time, Cashaa can process payments in many​ ​other​ ​forms​ ​and​ ​does​ ​not​ ​require​ ​manual​ ​intervention​ ​or​ ​in-person​ ​settlement.) During the trading & remittance process, the Bitcoin seller and buyer are asked to deposit their Bitcoins in the escrow. The seller has to deposit 100% of the coins which they have to sell, while the buyer has to put 10% collateral which is released as soon as the process completes. The Bitcoin escrow address used in this test​ ​transacting​ ​฀​ ​2108.23486​ ​is​ ​mentioned​ ​below:​​ ​(Initial​ ​Wallet)​​ ​(Secondary​ ​Wallet) Major countries where we saw the biggest adoption of our beta test include ​UK, Nigeria, India, Indonesia and Philippines​. During this beta test, we were able to test our R ​ emittance and Trading product which created a win-win situation for both the cryptocurrency traders community and the money senders community. Compared to any other existing trading platforms, our peer to peer exchange with liquidity providing mechanism from the remittance industry, clearinghouse messaging network and escrow system resulted in increasing market size, higher profit margins, and better speculation opportunities for the traders with lower security risks. We found that between and within countries, entrepreneurs could bring the advantages of cryptocurrency to their community by using our open API to build global and local payment Copyright​ ​2017​ ​@​ ​Cashaa​ ​Limited

solutions. We also validated the opportunity for money transfer shops to switch their payment service providers from traditional MTOs to Cashaa. Agents can become less expensive than their competitors, and gain a good market share while benefiting from Cashaa’s cost-saving efficiencies. Additionally, Cashaa validated during the beta test the relevance of providing 24/7 availability, a rating system, a tool to import reputations​ ​from​ ​other​ ​platforms,​ ​while​ ​introducing​ ​the​ ​security​ ​advantages​ ​of​ ​a​ ​P2P​ ​exchange. Key​ ​Benefits​ ​of​ ​ ​Beta​ ​Test: ● The Cashaa platform (the “​Platform​”) went through several iterations to be robust, and is now capable​ ​of​ ​handling​ ​large​ ​transaction​ ​volumes. ● The Platform is upgraded with strong KYC, AML policies and compliance to make it fully compliant with​ ​regulations. ● Advanced escrow features increase the protection of stakeholders from any manipulation, thus mitigating​ ​counterparty​ ​risk​ ​so​ ​that​ ​customers​ ​can​ ​use​ ​the​ ​platform​ ​with​ ​confidence. ● Operational processes are enhanced to optimise our user experience by involving our community in​ ​the​ ​bug​ ​bounty​ ​program​ ​through​ ​our​ ​social​ ​media​ ​and​ ​helpdesk. Key​ ​findings​ ​for​ ​the​ ​Money​ ​Sender: Comparison​ ​of​ ​Money​ ​Transfer​ ​over​ ​Time​ ​-​ ​Cashaa’s​ ​benefits​ ​for​ ​senders​ ​and​ ​recipients​ ​(transfer​ ​of​ ​$​ ​1000) Bank MTOs,​ ​CityForex Competing​ ​Startups Cashaa Fees​ ​incl. Average Average​ ​7% Average $1​ ​flat​ ​fee​ ​and FX​ ​charges $​ ​50-75 $​ ​5-10 wholesale​ ​forex​ ​rate Time Average 6-48​ ​hours 24-72​ ​hours 6-48​ ​hours 3-5​ ​days Value-Add NA The​ ​unbanked Trying​ ​to​ ​deliver Serving​ ​the depend​ ​on part​ ​of​ ​the​ ​service, banked​ ​and expensive​ ​and but​ ​not​ ​solving​ ​the unbanked​ ​by​ ​giving​ ​the outdated Problem​ ​for choice​ ​between​ ​cash, services unbanked bank,​ ​card​ ​and​ ​mobile community. wallet​ ​payments​ ​on​ ​both the​ ​sender​ ​and​ ​the receiver`s​ ​side Copyright​ ​2017​ ​@​ ​Cashaa​ ​Limited

Key​ ​findings​ ​for​ ​the​ ​Trading​ ​Model: LocalBitcoins Centralised Trading​ ​desks​ ​or Cashaa exchanges OTC Currencies Bitcoin Multicurrency Multicurrency Multicurrency Price​ ​Difference 0.5-2%​ ​+​ ​Trader 0​ ​-​ ​1% 1-5% 0% (compared​ ​to demand​ ​(1-7%) Market​ ​) Other​ ​Fee No​ ​other​ ​fee​ ​+ Fee​ ​on​ ​deposit/ Depends​ ​on​ ​terms​ ​+ No​ ​other​ ​fee Western Union or withdrawal​ ​+ international​ ​wire (All​ ​payments​ ​settled international​ ​wire international​ ​wire locally) Payment​ ​Mode Cash​ ​and​ ​bank Only​ ​bank​ ​account Only​ ​bank​ ​account Cash​ ​and​ ​bank​ ​account account Payment​ ​Type Local​ ​ ​bank Local​ ​or Local​ ​or Local;​ ​international​ ​wire transfer/ international​ ​bank international​ ​bank not​ ​required Western​ ​Union transfer transfer Liquidity Local​ ​traders​ ​deal Local​ ​traders​ ​deal Local​ ​+​ ​personal Local​ ​+​ ​global​ ​($​ ​600 sources Billion​ ​remittance) Escrow Yes Not​ ​required Not​ ​required Yes Order​ ​Book Local​ ​traders​ ​on Traders​ ​on Not​ ​required Local​ ​traders​ ​+​ ​deals platform platform coming​ ​through​ ​people who​ ​want​ ​to​ ​move money​ ​from​ ​one​ ​city​ ​to another Platform​ ​ROI Fee​ ​from​ ​trader Fee​ ​from​ ​trader Fee​ ​from​ ​trader Fee​ ​from​ ​money​ ​sender +​ ​algorithmic​ ​matching to​ ​exploit​ ​arbitrage Other​ ​Features NA NA NA Coins​ ​linked​ ​ ​with​ ​cards are​ ​spendable anywhere​ ​or withdrawable​ ​in​ ​cash from​ ​ATM Copyright​ ​2017​ ​@​ ​Cashaa​ ​Limited

4.​ ​Design​ ​Approach From the architectural point of view, to implement the concept, the Cashaa system is divided into five main component layers that help the platform to scale, maintain and add new features while maintaining the highest level of security in a decentralized environment for the blockchain features. We also recognize that blockchain technology enables business collaborations that require high reliability and shared, trusted privacy​ ​to​ ​preserve​ ​immutable​ ​data​ ​repositories​ ​for​ ​smart​ ​contracts. In order to take technical advantages and speedy time to market, Cashaa has teamed up with various organisations to leverage their pre-existing work such as Agrello Foundation19 for its AI based self aware contract capabilities, Auxledger20 for its robust infrastructure which has already onboarded 53 million identities and other enterprise infrastructures that would help to scale faster with the built-in capabilities of disrupting businesses and impacting millions of people across the globe. Coinfirm which provides data that​ ​puts​ ​entities​ ​on​ ​the​ ​safe​ ​side​ ​in​ ​terms​ ​of​ ​regulatory​ ​and​ ​fraud​ ​risk​ ​related​ ​with​ ​cryptocurrencies​ ​. Our design approach is focused around reflecting our vision of customer centricity and user friendly applications​ ​while​ ​utilising​ ​the​ ​capabilities​ ​and​ ​promises​ ​of​ ​blockchain​ ​technology. As​ ​cyber​ ​security​ ​is​ ​crucial​ ​for​ ​a​ ​fully​ ​digital​ ​service​ ​and​ ​to​ ​protect​ ​our​ ​systems,​ ​Cashaa​ ​has​ ​built​ ​systemic solutions​ ​using​ ​the​ ​most​ ​advanced​ ​statistical​ ​and​ ​deep​ ​learning​ ​techniques​ ​to​ ​detect​ ​and​ ​prevent​ ​threats in​ ​real-time.​ ​The​ ​integrated​ ​defense​ ​models​ ​have​ ​been​ ​successfully​ ​applied​ ​across​ ​multiple​ ​cyber​ ​sources and​ ​will​ ​continue​ ​to​ ​provide​ ​intelligent​ ​protection​ ​for​ ​the​ ​company’s​ ​critical​ ​business​ ​information. 19 ​A​ grello​ ​Foundation ​ ​Auxledger 20 Copyright​ ​2017​ ​@​ ​Cashaa​ ​Limited

4.1​ ​Ecosystem 1. C​ ASConnec​t layer is the first step for each participant to pass. Here, basic KYC checks are done by verifying their email ID and mobile number. For higher transaction slabs, users have to pass stringent checks and have to follow a tiered KYC structure that involves OFAC, AML and other guidelines that vary from country to country. This layer will also interact with banks and govt initiatives to use the existing KYC in place. We also provide the option of biometric verification to include undocumented parts of the population. 2. ​CASNet layer enables a blockchain-driven self-aware contract assisted by an agent for a decentralized peer-to-peer (P2P) economy. It will have the matching engine and system to define fee %, margins and Copyright​ ​2017​ ​@​ ​Cashaa​ ​Limited

bonus. This layer will be using some of the high quality tech work done by our Smart Contract Advisor A ​ lex Norta ​ ​and​ ​utilising​ ​the​ ​existing​ ​results​ ​achieved​ ​by​ Q 21 ​ tum​​ ​and​ ​Agrello​ ​Foundation. 3. ​CASFabric is the middle layer with core components for decentralized exchange with clearinghouse messaging network, fraud prevention, clock synchronization among the participants and liquidity provider mechanism. This layer has the required admin tools allowing admin users to add new cryptocurrencies, markets, fiat and create a trader partner contract within minutes to scale solutions, based on the industry adoption and maturity. The developer SDK in C#, JAVA, Python and Go will be published to develop and integrate​ ​it​ ​with​ ​the​ ​Cashaa​ ​platform.​ ​Currently,​ ​Cashaa​ ​has​ ​set​ ​up​ ​exchange​ ​and​ ​FX​ ​pairs​ ​APIs​ ​in​ ​JSON. 4. Our ​CASChain layer makes the network interoperable and cryptocurrency neutral, which may eventually operate through any digital currency or token which traders prefer, namely, Bitcoin, Ether, Ripple, NEO or any ERC-20 compliant token. Blockchain nodes of aforementioned cryptocurrencies will be enabled and integrated within CASConnect, thereby making Cashaa a partner of choice for interoperability to​ ​grow​ ​alongside​ ​with​ ​the​ ​needs​ ​of​ ​the​ ​financial​ ​services​ ​industry. 5.​ ​ ​CASFiat​​ ​layer​ ​will​ ​be​ ​integrated​ ​with​ ​the​ ​banking​ ​system​ ​incorporating​ ​cash​ ​instruments​ ​in​ ​multiple currencies​ ​within​ ​the​ ​network.​ ​This​ ​layer​ ​is​ ​responsible​ ​to​ ​decide​ ​the​ ​FX​ ​conversion;​ ​ensures​ ​the availability​ ​of​ ​each​ ​FX​ ​value​ ​available​ ​on​ ​the​ ​platform​ ​and​ ​also​ ​assists​ ​in​ ​working​ ​with​ ​3rd​ ​party​ ​APIs​ ​such as​ ​XE,​ ​Reuters​ ​easing​ ​communication​ ​with​ ​payment​ ​networks​ ​across​ ​the​ ​globe. 4.2​ ​ ​Blockchain​ ​Technology Cashaa​ ​token​ ​is​ ​implemented​ ​using​ ​Ethereum​ ​EIP-20​ ​(former​ ​ERC-20)​ ​standard.​ 22 ​ ​ ​The​ ​token​ ​is​ ​accepted and​ ​traded​ ​in​ ​Cashaa’s​ ​own​ ​services,​ ​but​ ​is​ ​also​ ​compatible​ ​across​ ​different​ ​Ethereum​ ​wallets​ ​and exchanges. Cashaa’s​ ​blockchain​ ​technology​ ​stack​ ​is​ ​not​ ​limited​ ​to​ ​Bitcoin​ ​and​ ​Ethereum.​ ​When​ ​applicable,​ ​Cashaa​ ​uses different​ ​blockchain​ ​technologies​ ​to​ ​decentralize​ ​its​ ​products.​ ​This​ ​will​ ​give​ ​benefits​ ​of​ ​robustness, transparency,​ ​compatibility​ ​and​ ​scalability​ ​to​ ​Cashaa​ ​users. Auxesis​ ​Group Enterprise​ ​grade​ ​blockchain​ ​infrastructure​ ​with​ ​built-in​ ​capabilities​ ​disrupting​ ​businesses​ ​and​ ​impacting millions​ ​of​ ​population​ ​across​ ​the​ ​country.​ ​The​ ​Cashaa​ ​project​ ​is​ ​aligned​ ​with​ ​AuxLedger​ ​to​ ​use​ ​this technology​ ​for​ ​the​ ​identity​ ​management,​ ​compliance​ ​and​ ​banking​ ​integration. Akash​ ​Gaurav,​ ​CEO​ ​Auxesis​ ​Group:​ ​“​We​ ​are​ ​excited​ ​to​ ​support​ ​Cashaa​ ​in​ ​India​ ​by​ ​providing​ ​AuxLedger infrastructure.​ ​Together​ ​with​ ​the​ ​state​ ​Govt​ ​of​ ​India​ ​AuxLedger​ ​first​ ​implementation​ ​holds​ ​more​ ​than​ ​53 Million​ ​Indians​ ​till​ ​date​” ​ ​Assoc.​ ​Prof.​ ​Alex​ ​Norta,​ ​PhD 21 22 ​ ​ Copyright​ ​2017​ ​@​ ​Cashaa​ ​Limited

Agrello​ ​Foundation Agrello​ ​project​ ​works​ ​towards​ ​creating​ ​legally​ ​binding​ ​self​ ​aware​ ​contracts​ ​based​ ​on​ ​blockchain.​ ​Cashaa sees​ ​the​ ​opportunity​ ​for​ ​utilizing​ ​these​ ​for​ ​efficiency​ ​gains​ ​in​ ​decentralized​ ​trading​ ​and​ ​ ​microfinancing where​ ​the​ ​cost​ ​of​ ​engaging​ ​into​ ​a​ ​business​ ​relationship​ ​and​ ​writing​ ​agreements​ ​is​ ​high​ ​compared​ ​to​ ​the transaction​ ​value.​ ​Agrello​ ​self​ ​aware​ ​contracts​ ​combined​ ​with​ ​Agrello​ ​identity​ ​and​ ​digital​ ​signature​ ​enable fast​ ​and​ ​secure​ ​contract​ ​conclusion. Agrello​ ​CEO​ ​and​ ​co-founder​ ​Hando​ ​Rand:​ ​“​We​ ​think​ ​the​ ​Cashaa​ ​project​ ​is​ ​revolutionary​ ​in​ ​Fintech,​ ​it combines​ ​the​ ​potential​ ​of​ ​blockchain​ ​with​ ​vast​ ​increasing​ ​demand​ ​of​ ​P2P​ ​money​ ​transfers​ ​worldwide.​ ​We see​ ​huge​ ​potential​ ​in​ ​cooperation​” Qtum​ ​Foundation Qtum​ ​combines​ ​uniquely​ ​Bitcoin​ ​functionality​ ​with​ ​the​ ​EVM​ ​in​ ​that​ ​it​ ​allows​ ​to​ ​use​ ​the​ ​UTXO​ ​protocol together​ ​with​ ​SPV​ ​so​ ​that​ ​it​ ​is​ ​possible​ ​to​ ​work​ ​only​ ​with​ ​the​ ​headers​ ​of​ ​transactions.​ ​Differently​ ​to Ethereum,​ ​this​ ​allows​ ​for​ ​the​ ​use​ ​of​ ​lite​ ​wallets​ ​that​ ​also​ ​run​ ​on​ ​mobile​ ​devices. Qtum​ ​Chief​ ​Scientist​ ​Alex​ ​Norta:​ ​“Cashaa​ ​can​ ​leverage​ ​the​ ​Qtum​ ​smart-contract​ ​system​ ​by​ ​developing mobile​ ​apps​ ​and​ ​also​ ​having​ ​a​ ​performing​ ​and​ ​scalable​ ​PoS​ ​platform.​ ​” Copyright​ ​2017​ ​@​ ​Cashaa​ ​Limited

5.​ ​Products As a product-driven company our focus is to solve the problems using disruptive technologies to create products and services for simple and easy use. At Cashaa we work to build the next generation of consumer-centric payments and banking products on target to be the most cost-effective and innovative available​ ​on​ ​the​ ​market. 5.1​ ​Wallets Cashaa Wallet will be a one stop destination for users to use existing and other planned services. Products will be added as Cashaa secures the appropriate licences. For this purpose we are also partnering with existing institutions to leverage their licenses where required. C ​ ashaa W ​ allet is an alternative to traditional banking with a better way to spend, save and share your money, fee-free and straight from your mobile. The Cashaa App can accesses a global payments network that enables worldwide acceptance of the digital wallet. Our digital local currency account is a gateway to widespread cryptocurrency adoption, pairing it with​ ​access​ ​to​ ​mainstream​ ​financial​ ​services​ ​and​ ​smart​ ​new​ ​features​ ​on​ ​a​ ​simple,​ ​user-friendly​ ​platform. The Cashaa App (called: Cashaa) will be available for free on Android or IOS shortly and is already accessible​ ​through​ ​our​ ​WebApp​ ​(see​ ​milestones​ ​for​ ​more​ ​details). Some​ ​of​ ​the​ ​core​ ​functions​ ​of​ ​the​ ​app​ ​will​ ​be​ ​provide​ ​depending​ ​on​ ​regulatory​ ​framework​ ​and​ ​licences. 1. KYC​ ​for​ ​customer​ ​onboarding 2. Deposit,​ ​send,​ ​receive​ ​fiat​ ​money​ ​(multi-currency​ ​wallet) 3. Deposit,​ ​send,​ ​receive​ ​crypto​ ​assets​ ​(multi-cryptocurrency​ ​wallet) 4. Access​ ​microfinancing 5. Trading​ ​crypto​ ​assets​ ​(advanced​ ​feature) 6. Activate​ ​foreign​ ​value-based​ ​transactions 7. Tips,​ ​tools​ ​and​ ​tailored​ ​advice​ ​to​ ​reach​ ​your​ ​financial​ ​goals 8. Spending​ ​analytics​ ​&​ ​transaction​ ​notification 9. Tap-to-pay​ ​functionality​ ​on​ ​the​ ​participating​ ​3rd​ ​party​ ​mobile​ ​wallets 10. Security​ ​features​ ​to​ ​control​ ​the​ ​physical​ ​&​ ​virtual​ ​card​ ​(​temporarily​ ​disable,​ ​freeze,​ ​enable-​ ​disable​ ​ ​ATM withdrawals,​ ​activate​ ​geo​ ​location​ ​based​ ​spending​ ​to​ ​prevent​ ​cloning​ ​attack,​ ​diable​ ​E​ ​commerce​ ​transactions​) 5.2​ ​Physical​ ​&​ ​Virtual​ ​cards Each Cashaa Wallet includes a Cashaa prepaid card which complements the wallet. Physical prepaid cards are the most convenient way to connect virtual assets in the finance sphere. Through our card issuance partnerships with global payment networks, cards can be accepted by more than 39 Million merchants as Copyright​ ​2017​ ​@​ ​Cashaa​ ​Limited

well as POS terminals, the adoption of which is growing exponentially with existing 3 Million ATMs which enable​ ​to​ ​withdraw​ ​cash​ ​worldwide. Digital Indian Case Study Results: “In India Point-of-Sale transactions saw 88 percent rise, while mobile wallets transactions doubled. Nearly 6.5 lakh POS machines by Public Sector Banks have been issued to merchants to benefit from​ ​low​ ​rentals​ ​to​ ​promote​ ​digital​ ​transactions”. Some​ ​of​ ​the​ ​core​ ​functions​ ​of​ ​the​ ​card: 1. Real​ ​time​ ​conversion​ ​from​ ​crypto​ ​to​ ​local​ ​currency​ ​at​ ​point-of-sale 2. Chip-and-PIN​ ​EMV​ ​card 3. The​ ​ability​ ​to​ ​withdraw​ ​cash​ ​from​ ​any​ ​ATM 4. Accepted​ ​at​ ​merchants​ ​POS *​Depending on the country, product manuals will be issued including details such as the exact fee of each service. 5.3​ ​Micro​ ​Lending The World Bank reported that less than 1 in 10 people across the world’s low and mid-income population have a documented credit history. It recommends ​using non-financial data for judging creditworthiness using the power of the peer-to-peer economy, which revolutionized the way people do business23, and due to which the financial sector has seen some impressive advancements. Cashaa microloans are small p2p loans that are issued by individuals on our platform. These loans can be issued by a single individual or aggregated across a number of individuals who contribute a portion of the total amount24. CAS tokens will be used to determine the credit score and are used as integral part of the system, explained in section 11.1. This​ ​product​ ​will​ ​serve​ ​dual​ ​purposes​: 1. Individuals who cannot obtain credits from a bank, or users in third world countries will be able to borrow​ ​money​ ​to​ ​start​ ​small​ ​businesses​ ​or​ ​for​ ​individual​ ​needs. 2. The second purpose is to give access to new lending opportunities. The lenders are individuals who pledge​ ​a​ ​certain​ ​amount​ ​of​ ​money​ ​to​ ​loan​ ​out​ ​a​ ​deserving​ ​entrepreneur​ ​in​ ​another​ ​country. Global micro and SME finance markets are growing by an average of 10-15%; while the highest growth rate is​ ​expected​ ​in​ ​Asia​ ​Pacific,​ ​driven​ ​by​ ​developments​ ​in​ ​India​ ​and​ ​strong​ ​growth​ ​in​ ​the​ ​region25. ​ ​The​ ​Current​ ​and​ ​Future​ ​State​ ​of​ ​the​ ​Sharing​ ​Economy 23 24 ​ ​Peer​ ​pressure:​ ​How​ ​peer-to-peer​ ​lending​ ​platforms​ ​are​ ​transforming​ ​the​ ​consumer​ ​lending​ ​industry ​ ​10–15%​ ​Growth​ ​for​ ​global​ ​Micro​ ​and​ ​SMO​ ​Finance​ ​Markets​ ​with​ ​significant​ ​regional​ ​differences 25 Copyright​ ​2017​ ​@​ ​Cashaa​ ​Limited

Case​ ​Studies​ ​for​ ​Micro​ ​Finance​ ​in​ ​India​ ​and​ ​Bangladesh: The microfinance industry has seen tremendous growth over the past five years, growing at a 45% CAGR[1] ​ ​. It has witnessed rapid evolution with regulatory reforms post the Andhra Pradesh crisis in 2010 to regulate a product, its pricing and protection of customer interest. This includes growth of regulated NBFC MFIs - a special class of RBI regulated entities carrying out microfinance, the formation of the first ever self-regulatory organizations (SROs) of the RBI, also Aadhar based lending by NBFC MFIs and transformation​ ​of​ ​some​ ​of​ ​the​ ​entities​ ​into​ ​universal​ ​and​ ​small​ ​finance​ ​banks. The key reason for the growth of the sector has been its ability to adapt changes, showing resilience in the face​ ​of​ ​challenges​ ​and​ ​an​ ​ability​ ​to​ ​maintain​ ​high​ ​repayment​ ​rates​ ​of​ ​almost​ ​99.5%. In Bangladesh, the Nobel Prize winning Grameen model of social collateral combined with a high touch model and rigorous credit bureau discipline has helped to maintain high levels of repayment for small ticket sized​ ​unsecured​ ​loans26. 5.3​ ​Peer-to-peer​ ​exchange​ ​(Beta​ ​Tested) Cashaa has successfully connected a large number of individuals globally, who use the platform to trade cryptocurrencies across the globe without without the hassle of international payments to the seller. (​Traders from 141 countries in 97 different currencies registered during our beta test​). These traders receive local fiat currency in exchange for selling and buying cryptocurrency. The Cashaa platform will be equipped with portfolio management services which enables market analysis, allowing users to share insights on markets, display their achievements and receive trading signals. Cashaa therefore lowers barriers to entry in the growing FX trading market for crypto currency, and thus supports experienced and new traders (traders required licences in some jurisdictions). Cashaa’s peer to peer exchange even allows traders to buy and sell cryptocurrency which is not available in their local country’s exchanges. (As an example, users in India can buy XRP, LTC, NEO, OMG in their local INR). This will bring balance in the entire crypto​ ​ecosystem​ ​and​ ​lead​ ​to​ ​systematic​ ​growth​ ​of​ ​cryptocurrency​ ​across​ ​the​ ​globe. Core​ ​Features: 1. In-built​ ​crypto​ ​wallet 2. Buy​ ​and​ ​sell​ ​cryptocurrency​ ​(cash​ ​or​ ​bank​ ​account) 3. Genrate​ ​passcode​ ​for​ ​cash​ ​trade 4. Location​ ​based​ ​search 5. Sorting​ ​and​ ​filtering​ ​based​ ​on​ ​traders​ ​preferences 6. Export​ ​reviews​ ​and​ ​rating 7. Rate​ ​&​ ​write​ ​review​ ​for​ ​ ​the​ ​counterparty 8. AI​ ​based​ ​trade​ ​actions​ ​to​ ​meet​ ​your​ ​goals​ ​while​ ​you​ ​are​ ​offline​​ ​(under​ ​development) ​ ​Indian​ ​Microfinance​ ​Industry​ ​will​ ​continue​ ​to​ ​demonstrate​ ​sustainable​ ​growth 26 Copyright​ ​2017​ ​@​ ​Cashaa​ ​Limited

9. Option​ ​to​ ​trade​ ​through​ ​the​ ​participating​ ​3rd​ ​party​ ​crypto​ ​wallets​ ​(under​ ​development) 10. Analytics​ ​and​ ​transaction​ ​history 11. In-built​ ​support​ ​and​ ​chat​ ​tool Trader​ ​view​ ​for​ ​a​ ​deal​ ​for​ ​buying​ ​CAS​ ​and​ ​delivering​ ​INR​ ​(Live​ ​for​ ​BTC) Trader​ ​view​ ​for​ ​a​ ​deal​ ​for​ ​selling​ ​CAS​ ​and​ ​receiving​ ​GBP​ ​(Live​ ​for​ ​BTC) 5.5​ ​Peer​ ​to​ ​Peer​ ​Insurance​ ​(Future) Insurance is a vital part of our everyday life and protects us from the uncertainty of life. As a fintech company, it is important for Cashaa to protect its users and provide access to innovative insurance services. The founding concept is to have a more efficiently replicated method for a group of friends or associates as to what traditional insurance companies do for a large number of strangers. This will make insurance more social, cheaper and clearer, thus educating people to the social function of insurance coverage and leveraging on business (like product construction) models of a mixed economy to provide users​ ​with​ ​better​ ​service​ ​and​ ​better​ ​experience​ ​at​ ​a​ ​lower​ ​cost. Our smart contract enabled insurance platform can be used for insuring the household, personal liability, legal expenses, travel and many more. Smaller claims and deductibles will be settled by peers in the group while​ ​the​ ​large​ ​claims​ ​are​ ​still​ ​covered​ ​by​ ​traditional​ ​insurers,​ ​with​ ​whom​ ​the​ ​firm​ ​partners​ ​in​ ​future. Our team already successfully built the first Italian peer to peer insurance[27][28] company backed by AIG[29] insurance products, an American multinational insurance corporation with operations in more than 80 countries and jurisdictions. Our team’s experience will be leveraged to build this innovative product on a blockchain. 27 ​ ​Wikipedia:​ ​Peer​ ​to​ ​peer​ ​Insurance 28 ​D​ arwinsurance 29 ​ ​AIG Copyright​ ​2017​ ​@​ ​Cashaa​ ​Limited

6.​ ​Key​ ​Milestones​ ​accomplished Below​ ​are​ ​key​ ​milestones​ ​accomplished​ ​by​ ​Cashaa​ ​till​ ​date: April​ ​2016 Developed​ ​MVP​ ​BTC2BID,​ ​a​ ​P2P​ ​Concept​ ​for​ ​Bitcoin​ ​Exchange June​ ​2016 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​Cashaa​ ​Limited​ ​founded​ ​in​ ​London,​ ​UK 3000+​ ​traders​ ​joined​ ​in​ ​the​ ​first​ ​90​ ​days Sep​ ​2016 Presented​ ​the​ ​first​ ​public​ ​demo​ ​at​ ​Google​ ​Campus,​ ​Warsaw Oct​ ​2016 ​ ​ ​ ​Partnered​ ​with​ ​Coinfirm,​ ​to​ ​integrate​ ​ ​a​ ​strong​ ​compliance​ ​&​ ​AML​ ​solution. Selected​ ​at​ ​Level​ ​39​ ​Technology​ ​Accelerator​ ​in​ ​London,​ ​Europe's​ ​Largest Fintech​ ​Accelerator Dec​ ​2016 Selected​ ​for​ ​Tech​ ​Crunch​ ​Disrupt,​ ​London Jan​ ​2017 Invited​ ​by​ ​Blockchain​ ​Money,​ ​Blockchain​ ​Week,​ ​Blockchain​ ​Expo, Esummit​ ​-​ ​IIT​ ​Mumbai​ ​and​ ​many​ ​events​ ​and​ ​conferences Feb​ ​2017 Beta​ ​Launch​ ​in​ ​U.K,​ ​Nigeria,​ ​India​ ​&​ ​Indonesia March​ ​2017 Became​ ​a​ ​Top​ ​100​ ​Most​ ​Influential​ B ​ lockchain​ ​Company​ ​in​ ​the​ ​World May​ ​2017 Invited​ ​at​ ​Keynote​ ​in​ ​Brussels​ ​for​ ​EU​ ​Parliament​ ​event, Data​ ​Cloud​ ​Congress,​ ​Monaco June​ ​2017 Developed​ ​&​ ​tested​ ​ ​the​ ​most​ ​cost​ ​efficient​ ​system​ ​for Bank​ ​Transfer​ ​settlement​ ​between​ ​UK​ ​&​ ​India August​ ​2017 Extensively​ ​tested​ ​for​ ​security​ ​&​ ​usability​ ​of​ ​the​ ​platform,​ ​along​ ​with growing​ ​beta​ ​adoption​ ​of​ ​12770​ ​registered​ ​users​ ​from​ ​141​ ​countries powered​ ​$10​ ​Million​ ​worth​ ​of​ ​cryptocurrency​ ​exchange Sept​ ​2017 Team​ ​size​ ​grew​ ​from​ ​2​ ​to​ ​25​ ​in​ ​one​ ​year​ ​with​ ​top​ ​people​ ​from Belgian​ ​Central​ ​Bank,​ ​MIT,​ ​IIT,​ ​Quatrro,​ ​First​ ​National​ ​Bank,​ ​Rand​ ​Merchant​ ​Bank, Microsoft,​ ​SAP,​ ​World​ ​Bank,​ ​World​ ​Economic​ ​Forum,​ ​Qualcomm​ ​and​ ​many​ ​more Oct​ ​2017 Formation​ ​of​ ​holding​ ​company​ ​in​ ​Estonia​ ​& conclusion​ ​of​ ​legal​ ​preparation​ ​for​ ​token​ ​distribution Copyright​ ​2017​ ​@​ ​Cashaa​ ​Limited

7.​ ​Public​ ​Appreciation TechInAsia,​ ​25​ ​Sep​ ​2017:​ ​“​Cashaa​ ​has​ ​a​ ​proven​ ​product​ ​for​ ​remittances​ ​or money​ ​transfers​ ​and​ ​digital​ ​wallet​” CoinTelegraph,​ ​21​ ​Sep​ ​2017:​ ​“​Cashaa​ ​cards​ ​based​ ​solution​ ​in​ ​India​ ​to facilitate​ ​the​ ​use​ ​of​ ​cryptocurrencies​ ​in​ ​a​ ​fully​ ​regulated​ ​way​” Investing​ ​Channel,​ ​21​ ​July​ ​2017:​ “​ In​ ​Cashaa,​ ​the​ ​Bitcoin​ ​part​ ​is​ ​completely​ ​in the​ ​background,​ ​enabling​ ​any​ ​sender​ ​to​ ​benefit​ ​from​ ​Bitcoin​ ​in​ ​the​ ​easiest​ ​way without​ ​having​ ​to​ ​know​ ​about​ ​it.” Let`s​ ​Talk​ ​Payments,​ ​9​ ​June​ ​2017:​ “​ Cashaa​ ​serves​ ​both​ ​the​ ​banked​ ​and unbanked​ ​masses​ ​and​ ​gives​ ​the​ ​poorest​ ​the​ ​opportunity​ ​to​ ​equally​ ​benefit​ ​from the​ ​advantages​ ​that​ ​bitcoin​ ​brings,​ ​without​ ​them​ ​having​ ​to​ ​know​ ​about​ ​what​ ​it is.” Coindesk,​ ​22​ ​April​ ​2017:​ “​ There​ ​are​ ​a​ ​few​ ​features​ ​that​ ​stand​ ​out​ ​with​ ​Cashaa, being​ ​able​ ​to​ ​process​ ​the​ ​whole​ ​payment​ ​chain.” Irish​ ​Tech​ ​News,​ ​9​ ​April​ ​2017:​ “​ Cashaa​ ​is​ ​a​ ​unique​ ​idea​ ​to​ ​leverage​ ​the untapped​ ​potential​ ​of​ ​bringing​ ​together​ ​industry​ ​in​ ​a​ ​way​ ​that​ ​creates​ ​a win-win​ ​model​ ​for​ ​everyone.” BitcoinChaser,​ ​22​ ​March​ ​2017:​ ​“Cashaa​ ​is​ ​giving​ ​cryptocurrency​ ​trading​ ​a new​ ​purpose​ ​with​ ​more​ ​benefits.” Richtopia,​ ​13​ ​March​ ​2017:​ ​“Cashaa​ ​ranked​ ​amoung​ ​the​ ​Top​ ​100​ ​Most Influential​ ​Blockchain​ ​Companies.” Bitconnect,​ ​18​ ​January​ ​2017:​ ​“Cashaa​ ​can​ ​disrupt​ ​LocalBitcoins​ ​and​ ​cash exchanges​ ​at​ ​the​ ​same​ ​time”. Copyright​ ​2017​ ​@​ ​Cashaa​ ​Limited

NewsBtc,​ ​15​ ​January​ ​2017:​ ​“A​ ​peer-to-peer​ ​marketplace​ ​designed​ ​to​ ​facilitate the​ ​transfer​ ​of​ ​fiat​ ​currencies​ ​from​ ​sender​ ​to​ ​recipient​ ​in​ ​a​ ​straightforward manner​ ​unlike​ ​many​ ​other​ ​blockchain-based​ ​remittance​ ​services​ ​in​ ​the​ ​recent years.” Bitcoinist,​ ​30​ ​December​ ​2016:​ ​“​ ​Cashaa​ ​manages​ ​to​ ​solve​ ​this​ ​major​ ​problem using​ ​Bitcoin’s​ ​technological​ ​‘backbone’,​ ​the​ ​blockchain.” BtcManager,​ ​13​ ​October​ ​2016:​ “​ Cashaa​ ​capitalizes​ ​on​ ​the​ ​revolutionary​ ​power of​ ​blockchain​ ​technology​ ​to​ ​fuel​ ​a​ ​new​ ​normal​ ​in​ ​the​ ​cash​ ​transfer​ ​industry.” Nasdaq,​ ​13​ ​October​ ​2016:​ ​“Cashaa​ ​alleviates​ ​several​ ​of​ ​the​ ​challenges​ ​that Bitcoin​ ​remittance​ ​companies​ ​have​ ​been​ ​facing​ ​in​ ​Africa.” Bitcoin​ ​Magazine,​ ​13​ ​October​ ​2016:​ ​“Cashaa’s​ ​advantage​ ​in​ ​the​ ​space​ ​lies​ ​in the​ ​company’s​ ​business​ ​model​ ​while​ ​the​ ​digital​ ​currency​ ​aspect​ ​of​ ​the transaction​ ​happens​ ​in​ ​the​ ​background.” CoinTelegraph,​ ​18​ ​September​ ​2016:​ “​ Africa​ ​will​ ​get​ ​the​ ​maximum​ ​advantage through​ ​Cashaa’s​ ​system​ ​ultimately​ ​saving​ ​ordinary​ ​people​ ​billions​ ​of​ ​dollars, which​ ​are​ ​currently​ ​lost​ ​in​ ​fees.” Wprost,​ ​25​ ​August​ ​2016:​​ ​“C​ ashaa​ ​is​ ​a​ ​revolutionary​ ​system​ ​and​ ​uses​ ​a​ ​very good​ ​fully​ ​peer-to-peer​ ​mechanism​ ​in​ ​which​ ​banks​ ​and​ ​credit​ ​card​ ​companies are​ ​not​ ​involved,​ ​while​ ​saving​ ​a​ ​great​ ​deal​ ​of​ ​money.”,​ ​8​ ​August​ ​2016:​ ​“It’s​ ​as​ ​simple​ ​as​ ​opening​ ​a​ ​new​ ​Gmail​ ​account for​ ​instance.​ ​Money​ ​senders​ ​are​ ​not​ ​required​ ​to​ ​know​ ​anything​ ​about​ ​wallets, bitcoin,​ ​the​ ​blockchain,​ ​or​ ​other​ ​cryptocurrencies.” CoinTelegraph,​ ​12​ ​July​ ​2016:​ ​“A​ ​completely​ ​peer​ ​to​ ​peer​ ​company,​ ​where peer​ ​is​ ​coming​ ​from​ ​two​ ​unique​ ​businesses.” Copyright​ ​2017​ ​@​ ​Cashaa​ ​Limited

8.​ ​Future​ ​Roadmap​ ​and​ ​Business​ ​Growth​ ​Model Q4​ ​2017 1. Getting​ ​Payments​ ​License​ ​in​ ​UK​ ​and​ ​India 2. Distribution​ ​of​ ​CAS​ ​Tokens 3. Listing​ ​on​ ​major​ ​cryptocurrency​ ​exchanges Q1​ ​2018 1. Partnering​ ​with​ ​Asian​ ​and​ ​African​ ​banks​ ​for​ ​remittance​ ​solution 2. Launch​ ​of​ ​Cashaa​ ​multi​ ​currency​ ​crypto​ ​exchange​ ​in​ ​India 3. Addition​ ​of​ ​10+​ ​legitimate​ ​and​ ​valuable​ ​cryptocurrencies​ ​ ​on​ ​peer​ ​to​ ​peer​ ​trading platform Q2​ ​2018 1. Electronic​ ​Money​ ​Institution​ ​in​ ​Europe​ ​to​ ​issue​ ​IBAN​ ​(limited​ ​bank​ ​account feature)​ ​to​ ​European​ ​users 2. Launch​ ​of​ ​Cashaa​ ​cards​ ​in​ ​Europe 3. Integration​ ​with​ ​AuxLedger Q3​ ​2018 1. Launch​ ​of​ ​Cashaa​ ​cards​ ​in​ ​India 2. Establishing​ ​local​ ​payout​ ​locations​ ​in​ ​India,​ ​Philippines,​ ​Indonesia,​ ​South​ ​Africa​ ​& Nigeria 3. Addition​ ​of​ ​10+​ ​legitimate​ ​and​ ​valuable​ ​cryptocurrencies​ ​ ​on​ ​peer​ ​to​ ​peer​ ​trading platform Q4​ ​2018 1. License​ ​will​ ​be​ ​obtained​ ​to​ ​offer​ ​lending​ ​solution 2. Implementation​ ​of​ ​Agrello​ ​AI​ ​based​ ​smart​ ​contract​ ​solution 3. Addition​ ​of​ ​10+​ ​legitimate​ ​and​ ​valuable​ ​cryptocurrencies​ ​ ​on​ ​peer​ ​to​ ​peer​ ​trading platform 2019 1. Addition​ ​of​ ​P2P​ ​insurance​ ​products 2. Start​ ​of​ ​licensing​ ​process​ ​in​ ​United​ ​States 3. Addition​ ​of​ ​legitimate​ ​and​ ​valuable​ ​cryptocurrencies​ ​in​ ​each​ ​quarter 4. Expansion​ ​to​ ​ROW *This Roadmap may change in terms of priorities and timeline based on changing market conditions business opportunities and​ ​threats Copyright​ ​2017​ ​@​ ​Cashaa​ ​Limited

9.​ ​Go​ ​to​ ​Market​ ​Strategy 9.1​ ​Strategic​ ​Partnerships As a fast and strategic approach to reach the remote parts of Asia & Africa, partnerships are the key elements for the same. Several such partnerships are already under development and include the following​ ​segments,​ ​namely, ● Partnerships with banks operating in the corridors where Cashaa successfully completed its beta test to ensure a successful ‘last mile’ delivery to local bank accounts, prepaid cards and other easy ways to cash​ ​out​ ​at​ ​a​ ​convenient​ ​location. ● Partnerships with government agencies to circulate Cashaa cards. ​As an example, in India, Cashaa will use Auxesis Group for the AuxLedger which has 53 Million users resulting of a State Government partnership. ● Partnering​ ​with​ ​agents​ ​running​ ​traditional​ ​MTO​ ​networks​ ​for​ ​Western​ ​Union,​ ​MoneyGram​ ​or​ ​Ria. ● Partnerships with leading global telecom companies, providing immediate opportunities to start mobile​ ​banking​ ​products. ● Partnerships with E-Commerce platforms for payment providers to increase coin utility. ​For example, a recent partnership has been signed up with one of the largest restaurant & pub search company​ ​in​ ​the​ ​UK. ● Partnering with crypto wallet providers to use their existing user base. Examples are branded Bitcoin​ ​wallets​ ​such​ ​as​ ​Airbitz,​ ​with​ ​whom​ ​Cashaa​ ​concluded​ ​a​ ​partnership. 9.2​ ​Legal,​ ​Auditing​ ​and​ ​Regulatory​ ​Partnerships The Cashaa team’s extensive banking and payments experience helps us to know the nuts and bolts of internal​ ​process​ ​and​ ​license​ ​requirements: ● Our team is already in negotiation with companies to acquire the e-money and banking licences to save​ ​money​ ​and​ ​time. ● Partnerships with banks and financial institutions to leverage their licences to speed up our process to go live. For example, in UK, Africa, India & EU we are leveraging our relations to use different payments networks.​ ​In​ ​Europe​ ​through​ ​our​ ​strategic​ ​partnerships​ ​we​ ​are​ ​going​ ​to​ ​use​ ​the​ ​Mastercard​ ​network. ● Working closely with auditing firms to leverage the auditability, transparency and accountability of the​ ​Cashaa​ ​platform​ ​to​ ​encourage​ ​its​ ​use. Copyright​ ​2017​ ​@​ ​Cashaa​ ​Limited

10.​ ​Cashaa​ ​Tokens​ ​and​ ​Token​ ​Generation​ ​Event A Token generation event (TGE) will be conducted i.e. an event in which early adopters and enthusiasts make​ ​contributions​ ​to​ ​a​ ​Smart​ ​Contract​ ​System​ ​for​ ​the​ ​development​ ​of​ ​the​ ​Cashaa​ ​project30. ​ nique proven platform with a team that Cashaa’s token generation event is one of the few backed by a u has more than 200 Years of Payments and Banking experience and successful entrepreneurs who built their companies from scratch which are now part of Fortune Top 15 companies​. Cashaa’s model has been established with beta testing performed since February 2017. The beta test completed with 12,770 registered​ ​users​ ​from​ ​141​ ​countries. The distribution of CAS tokens in connection with a Token generation event (the “Cashaa Token generation event”) to you as a user thereof, will be subject to and governed by T&Cs - which is a separate document setting out the terms and conditions of the agreement as between the distributor and you in relation to the Cashaa Token generation event . In the event of any inconsistencies between the T&Cs and this Whitepaper, the former shall prevail. The Distributor will be an affiliate of Cashaa, and all funds raised in connection with the Cashaa Token generation event will be deployed to fund Cashaa cryptocurrency​ ​project,​ ​businesses​ ​and​ ​operations. Unless the context requires otherwise, references to “we” or “us” in connection with the Cashaa Token generation​ ​event​ ​ ​shall​ ​be​ ​construed​ ​as​ ​references​ ​to​ ​the​ ​Distributor. The​ ​Cashaa​ ​Token​ ​generation​ ​event​ ​ ​is​ ​hereby​ ​announced​ ​to​ ​start​ ​on: November 6 2017, 1 PM London Time 9 PM Singapore Time (UTC+8)/ 2PM Munich Time and 8AM New York​ ​Time​ ​and​ ​is​ ​scheduled​ ​till​ ​the​ ​end​ ​on​ ​5​ ​December. Official​ ​Website ​ hat​ ​is​ ​an​ ​Initial​ ​Coin​ ​Offering​ ​(ICO)? ​W 30 Copyright​ ​2017​ ​@​ ​Cashaa​ ​Limited

10.1​ ​Token​ ​Functionality The​ ​CAS​ ​token​ ​is​ ​a​ ​key​ ​component​ ​of​ ​the​ ​system​ ​that​ ​enables​ ​trading,​ ​lending​ ​and​ ​gives​ ​access​ ​to​ ​other upcoming​ ​services​ ​in​ ​the​ ​CAS​ ​ecosystem.​ ​CAS​ ​serves​ ​two​ ​main​ ​objectives:​ ​First,​ ​the​ ​token​ ​is​ ​the​ ​fuel​ ​of​ ​an internal​ ​mechanism​ ​of​ ​the​ ​Cashaa​ ​ecosystem.​ ​Second,​ ​it​ ​is​ ​part​ ​of​ ​the​ ​governance​ ​component​ ​of​ ​the​ ​CAS system.​ ​Each​ ​Cashaa​ ​wallet​ ​is​ ​initially​ ​equipped​ ​with​ ​a​ ​predefined​ ​amount​ ​of​ ​CAS​ ​and​ ​cannot​ ​be​ ​used without​ ​a​ ​minimum​ ​CAS​ ​balance. 10.1.1​ ​Benefits​ ​of​ ​CAS​ ​token ● Acquiring​ ​premium​ ​services​ ​in​ ​the​ ​Cashaa​ ​ecosystem​ ​(Membership) ● Ability​ ​to​ ​trade​ ​cryptocurrencies​ ​anywhere​ ​in​ ​world​ ​(Trading) ● Lower​ ​transaction​ ​fees​ ​for​ ​the​ ​$​ ​600​ ​Billion​ ​remittance​ ​industry​ ​(Remittance) ● Providing​ ​the​ ​credit​ ​score​ ​for​ ​lenders​ ​(Micro​ ​Finance) ● Ability​ ​to​ ​participate​ ​in​ ​governing​ ​mechanism​ ​of​ ​CAS​ ​usage​ ​(Governance) ● Secure​ ​P2P​ ​money​ ​transfers​ ​(Escrow) 10.1.2​ ​Acquiring​ ​tokens ● Token​ ​distribution ● Secondary​ ​markets ● Rewards​ ​collection 10.1.3​ ​Spending​ ​tokens​ ​Membership Proof​ ​of​ ​CAS​ ​ ​ownership​ ​will​ ​be​ ​required​ ​to​ ​access​ ​Cashaa​ ​premium​ ​services​ ​for: ● Higher​ ​FX​ ​transfer​ ​(Spend,​ ​transfer​ ​and​ ​exchange​ ​an​ ​unlimited​ ​amount​ ​of​ ​money​ ​anywhere​ ​in​ ​the world​ ​at​ ​the​ ​interbank​ ​exchange​ ​rate​ ​without​ ​fees.) ● 2X​ ​ATM​ ​allowance​ ​(Double​ ​your​ ​free​ ​monthly​ ​ATM​ ​allowance​ ​with​ ​free​ ​Cashaa​ ​premium withdrawal​ ​of​ ​€400​ ​per​ ​month) ● Free​ ​transfer​ ​(Free,​ ​fast​ ​money​ ​transfers​ ​in​ ​available​ ​currencies​ ​to​ ​banks​ ​globally​ ​with​ ​the​ ​real exchange​ ​rate) ● Express​ ​delivery​ ​(Card​ ​will​ ​be​ ​delivered​ ​using​ ​express​ ​shipping​ ​method​ ​for​ ​faster​ ​delivery​ ​of​ ​the new​ ​cards​ ​or​ ​replacement​ ​cards) ● Free​ ​overseas​ ​medical​ ​insurance​ ​(Get​ ​the​ ​best​ ​medical​ ​treatment​ ​while​ ​abroad​ ​with​ ​expenses​ ​paid into​ ​your​ ​Cashaa​ ​account​ ​in​ ​case​ ​of​ ​any​ ​mishappening,​ ​provided​ ​by​ ​third​ ​party​ ​partner​ ​insurance company) ● Free​ ​24/7​ ​customer​ ​support Copyright​ ​2017​ ​@​ ​Cashaa​ ​Limited

● Early​ ​adopter​ ​rewards​ ​and​ ​beta​ ​access​ ​Microfinance​ ​&​ ​Credit​ ​Score CAS token holders will be able to access instant loans at low interest rates compared to non token holders, and​ ​will​ ​also​ ​be​ ​able​ ​to​ ​give​ ​loans. For the borrower, CAS ownership leads to improved loan conditions, rewarding users for taking a larger stake in the Cashaa system. CAS tokens can be both earned or bought, respectively improving the owner`s creditworthiness. For each loan paid back in time and fulfilling any specific conditions, borrowers are rewarded with CAS, the accumulation of which improves the credit score of low credit rated individuals and small businesses anywhere​ ​in​ ​the​ ​world. Another​ ​way​ ​to​ ​receive​ ​improved​ ​lending​ ​conditions​ ​is​ ​via​ ​other​ ​users​ ​vouching​ ​with​ ​their​ ​own​ ​CAS​ ​tokens. In this case, following a fulfilment of all repayment criteria, both the borrower and the voucher are rewarded​ ​with​ ​CAS​ ​tokens. Finally, in addition to receiving paid interest rates, lenders can earn CAS tokens by providing loans as a reward for their risk. To facilitate lenders’ decision making, each user`s credit score will be available online. In case any of the involved entities fails to fulfill their duties of the lending agreement, the provided CAS tokens are confiscated by the smart contract. Furthermore, users can sell or donate their CAS tokens to other​ ​users​ ​directly,​ ​thereby​ ​improving​ ​the​ ​receiver`s​ ​credit​ ​score​ ​and​ ​losing​ ​their​ ​own.​ ​Trading Only traders with enough CAS can participate in the trading network and are entitled to create smart contracts for trading. In the existing Cashaa system when a money sender puts their request to transfer money,​ ​a​ ​seller​ ​and​ ​buyer​ ​compete​ ​for​ ​the​ ​local​ ​fiat​ ​in​ ​exchange​ ​of​ ​cryptocurrencies. For example, a money sender puts a request on our platform to transfer £1000 from London to New Delhi. Based on the FX and proprietary algorithm Cashaa calculates the best possible rates and gives the users e.g. INR 84,000. Cashaa immediately splits the lead into two parts where all crypto traders in London get notified and see on the platform that they have an option to receive £1000 for X BTC. In the same way, buyers will see their option to buy Y BTC by paying INR 84,000. To accept the deal the seller has to put 100% of X BTC into a uniquely created escrow wallet, while the buyer has to put 10% of Y BTC into the escrow. The system generates two passcodes which are used by the money sender and seller in London & buyer and receiver in New Delhi to verify themselves respectively. In section 3 we presented the case how this​ ​system​ ​helps​ ​to​ ​create​ ​a​ ​win​ ​win​ ​situation​ ​for​ ​both​ ​parties. Replacing the buyer escrow with CAS will allow multi cryptocurrency exchanges by removing the dependency on the crypto which the traders respectively decided to trade. Traders will be allowed to execute the smart contract which will hold the required CAS. As this mechanism will allow traders to buy and sell any cryptocurrency, it will boost the supply of cryptocurrencies in the countries where exchanges currently do not support them, and balance it with countries where they are in surplus. Balancing the entire ecosystem in this way can bring a systematic growth of cryptocurrency across the globe, e.g. Cashaa traders​ ​in​ ​India​ ​will​ ​be​ ​able​ ​to​ ​buy​ ​LTC,​ ​NEO,​ ​BAT​ ​etc​ ​in​ ​INR. Copyright​ ​2017​ ​@​ ​Cashaa​ ​Limited

10.1.4​ ​Governance​ ​mechanism 1. Governing voting system is another objective of the CAS token. The governance mechanism is executed by stakeholders. Stakeholders are technological and business partners to Cashaa project, non profit organizations of the industry, advisors and some token holders. Stakeholders vote on how much of the​ ​company​ ​revenue​ ​will​ ​be​ ​used​ ​to​ ​buy​ ​the​ ​tokens​ ​from​ ​the​ ​exchange​ ​on​ ​a​ ​regular​ ​base. 2. CAS stakeholders can also vote on requests to update Cashaa token contracts which hold the vesting period of company tokens. Each user’s voting depends on the proportion of owned CAS token compared to the available tokens in market. The company will present reasons and benefits of doing so at Bitcointalk or other media, and a smart contract based voting will be conducted to unlock the vesting period. 10.2​ ​Token​ ​Summary Project​ ​description The​ ​next​ ​generation​ ​banking​ ​platform​ ​for​ ​the​ ​next​ ​billion Ticker​ ​symbol CAS Token​ ​background CAS​ ​is​ ​built​ ​as​ ​an​ ​EIP-20​ ​(former​ ​ERC-20)​ ​token​ ​on​ ​the Ethereum​ ​Blockchain Token​ ​Sale 6th​ ​November,​ ​1700​ ​UTC​ ​until​ ​cap​ ​is​ ​reached ​ ​date CAS​ ​token​ ​price $​ ​0.10 ​ ​Total​ ​percentage​ ​of​ ​all​ ​CAS 51​ ​% for​ ​token​ ​sale Hard​ ​CAP $​ ​32​ ​Million Project​ ​Status Beta​ ​test​ ​completed​ ​successfully. Upgrading​ ​for​ ​the​ ​final​ ​live​ ​platform. Escrow​ ​of​ ​crypto​ ​Funds Secured​ ​in​ ​multi-signature​ ​escrow ​ ​ ​ ​ ​ ​ ​ ​ ​Accepted​ ​currencies​ ​for ETH,​ ​BTC,​ ​USD,​ ​GBP,​ ​EUR tokens Copyright​ ​2017​ ​@​ ​Cashaa​ ​Limited

10.3​ ​Token​ ​Sale​ ​and​ ​Distribution​ ​Roadmap Announcement 13​th​​ ​October ​ ​Know​ ​your​ ​participants​ ​(KYP) Full​ ​KYC​ ​including​ ​the​ ​identity​ ​and​ ​residency​ ​proof ​ ​ ​ ​ ​ ​ ​Pre-Token​ ​Sale​ ​Dates 20th​ ​-​ ​30th​ ​October Price​ ​CAS $​ ​0.10 Pre-Token​ ​Sale Up​ ​to​ ​100%​ ​Bonus* Cap:​ ​$​ ​20​ ​Million​ ​ ​USD Bonus​ ​Tiers: Above​ ​$15K:​ ​60% Min​ ​Amount​ ​per​ ​participant​ ​:​ ​$15K Above​ ​$75K:​ ​80% Max​ ​Amount​ ​per​ ​participant:​ ​ ​$3​ ​M Above​ ​$175K:​ ​100% ​ ​Public​ ​Token​ ​Sale​ ​Date** ​ ​ ​ ​6th​ ​ ​​ ​November Tier​ ​1​ ​(24​ ​hours) 40​ ​%​ ​Bonus Min​ ​Amount​ ​per​ ​participant​ ​:​ ​$​ ​30 Max​ ​Amount​ ​per​ ​participant:​ ​ ​$3000 Tier​ ​2​ ​(next​ ​3​ ​Days) 20​ ​%​ ​Bonus Min​ ​Amount​ ​$​ ​30 No​ ​Max Tier​ ​3​ ​(next​ ​7​ ​Days) 10​ ​%​ ​Bonus Min​ ​Amount​ ​$​ ​30 No​ ​Max Tier​ ​4 5​ ​%​ ​Bonus ​ ​ ​ ​ ​ ​ ​ ​ ​Min​ ​Amount​ ​$​ ​30 ​ ​ ​(until​ ​token​ ​sale​ ​end) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​No​ ​Max ​ ​ ​ ​Token​ ​distribution Within​ ​30​ ​days​ ​from​ ​the​ ​end​ ​of​ ​token​ ​sale. ​ ​ ​(public​ ​sale) Managed​ ​by​ ​Token​ ​Market *​ ​All​ ​bonuses​ ​will​ ​be​ ​locked​ ​until​ ​5th​ ​March​ ​2018. ** ​Participants will acquire CAS tokens by sending accepted cryptocurrencies as per instructions given on our​ ​website​ ​(​​)​ ​at​ ​the​ ​start​ ​of​ ​the​ ​token​ ​sale. Copyright​ ​2017​ ​@​ ​Cashaa​ ​Limited

10.4​ ​Token​ ​Distribution Cashaa Limited affiliates will issue a one-time total of 1 Billion CAS, which is distributed into three categories,​ ​using​ ​an​ ​Ethereum​ ​based​ ​smart​ ​contract. Category Allocation Description Tokens​ ​to​ ​be 51% 510,000,000 CAS to be acquired by the public during released​ ​to​ ​the Cashaa’s​ ​token​ ​sale​ ​ ​(both​ ​pre-token​ ​sale​ ​ ​and​ ​main​ ​token​ ​sale​ ​). public​ ​for There​ ​is​ ​a​ ​fundraising​ ​cap​ ​of​ ​ ​$​ ​32​ ​Million​ ​USD. acquisition At Cashaa, we consider it as a strong signal of trust if the community owns​ ​more​ ​than​ ​half​ ​of​ ​the​ ​CAS​ ​tokens​ ​from​ ​the​ ​very​ ​beginning. Company 24% 240,000,000 CAS will be held in reserve by Cashaa in order to fund the future transactions and expand the liquidity pool required for future growth and expansion. The fund will be locked by the smart contract and will be governed by the CAS community based on the requirement. Community 5% 50,000,000 CAS will be used for bounty programs and community initiatives to reward community members (developers, entrepreneurs strategists, etc) who will expand or leverage the Cashaa network to build products which makes users’ lives easier and helps the mainstream​ ​adoption​ ​of​ ​blockchain​ ​technology. Copyright​ ​2017​ ​@​ ​Cashaa​ ​Limited

​ ​Team​ ​&​ ​Advisors 20% 200,000,000 CAS will be distributed to Cashaa founders, employees and advisors as an incentive to ensure long-term alignment of interests​ ​and​ ​commitment​ ​to​ ​the​ ​project​ ​and​ ​its​ ​future​ ​value. 10.5​ ​Token​ ​Availability​ ​ ​&​ ​Vesting​ ​Period Token​ ​Generation: Tokens​ ​to​ ​be​ ​allocated​ ​during​ ​the​ ​ICO​ ​process CAS​ ​Allocated​ ​:​ ​510​ ​Million Immediately​ ​available​ ​after​ ​Token​ ​Sale *All​ ​the​ ​unallocated​ ​tokens​ ​at​ ​the​ ​end​ ​of​ ​ ​fundraise​ ​will​ ​be​ ​sent​ ​to​ ​a​ ​predefined​ ​address​ ​to​ ​burn. Team: Founders and Advisors reward for the development of the Cashaa network and their continued long term alignment of the project. In order to ensure the longevity of the project and protect the integrity of the Cashaa team, their tokens will be vested. Vesting ensures the founders’ commitment to building the system in the long term. Founders and the Cashaa team will have access after the 3 years of vesting with a 12 months cliff, meaning that Cashaa team & company tokens will be locked in a smart contract, which would​ ​release​ ​them​ ​every​ ​12​ ​months​ ​proportionally​ ​during​ ​a​ ​period​ ​of​ ​three​ ​years​ ​as​ ​per​ ​detail​ ​below. CAS​ ​Allocated​ ​:​ ​200​ ​Million 50​ ​Million​ ​immediately​ ​available​ ​after​ ​Token​ ​Generation 50​ ​Million​ ​locked​ ​by​ ​smart​ ​contract​ ​for​ ​12​ ​months 50​ ​Million​ ​locked​ ​by​ ​smart​ ​contract​ ​for​ ​24​ ​months 50​ ​Million​ ​locked​ ​by​ ​smart​ ​contract​ ​for​ ​36​ ​months Copyright​ ​2017​ ​@​ ​Cashaa​ ​Limited

Community​ ​Development​ ​&​ ​Entrepreneurs​ ​Initiatives: This part will be used for bounty programs and community initiatives to reward developers, entrepreneurs, strategists and community members who want to leverage the Cashaa network, licences to build​ ​products​ ​which​ ​make​ ​users`​ ​lives​ ​easier​ ​and​ ​help​ ​the​ ​mainstream​ ​adoption​ ​of​ ​blockchain​ ​technology. CAS​ ​Allocated​ ​:​ ​50​ ​Million 15​ ​Million​ ​Immediately​ ​available​ ​after​ ​Token​ ​Generation 15​ ​Million​ ​locked​ ​by​ ​smart​ ​contract​ ​for​ ​12​ ​months 10​ ​Million​ ​locked​ ​by​ ​smart​ ​contract​ ​for​ ​24​ ​months 10​ ​Million​ ​locked​ ​by​ ​smart​ ​contract​ ​for​ ​36​ ​months Company​ ​Reserve: Held in reserve by Cashaa in order to fund the future transactions and expand liquidity pool required for future​ ​growth​ ​and​ ​expansion,​ ​strategic​ ​partnerships,​ ​market​ ​expansion​ ​and​ ​education. CAS​ ​Allocated​ ​:​ ​240​ ​Million 60​ ​Million​ ​Immediately​ ​available​ ​after​ ​Token​ ​Generation 60​ ​Million​ ​locked​ ​by​ ​smart​ ​contract​ ​for​ ​12​ ​months 60​ ​Million​ ​locked​ ​by​ ​smart​ ​contract​ ​for​ ​24​ ​months 60​ ​Million​ ​locked​ ​by​ ​smart​ ​contract​ ​for​ ​36​ ​months Copyright​ ​2017​ ​@​ ​Cashaa​ ​Limited

10.6​ ​Use​ ​of​ ​Proceeds​ ​from​ ​Token​ ​distribution The​ ​proceeds​ ​of​ ​the​ ​token​ ​distribution​ ​will​ ​be​ ​mainly​ ​used​ ​under​ ​the​ ​five​ ​categories​ ​mentioned​ ​below: ​ ​ ​ ​ ​ ​ ​ ​ ​Chart​ ​2:​ ​Token​ ​distribution​ ​proceeds​ ​usage​ ​percentage Category Allocation Token​ ​distribution​ ​proceed​ ​usage​ ​description Legal​ ​& 35% Obtaining required commercial banking licenses is a strategic Licenses move, which will give Cashaa the benefit of significant increases in revenues from improved market share and forex transactions. Post token distribution, Cashaa will evaluate applying for required banking licenses across different geographies to create an even, strong compliance and better user experience to gradually integrate multiple currencies into the Cashaa platform. A focused team will be set up to facilitate bank and regulatory authority related​ ​discussions​ ​across​ ​different​ ​regions. 1) Cashaa will obtain the required license as an Authorised Payment​ ​Institution​ ​in​ ​the​ ​UK​ ​and​ ​in​ ​India​ ​(assuming​ ​$5​ ​M​ ​sold) 2) Options to register as a Non-Banking Financial Company (NBFC) will be explored based on the requirements of the countries to Copyright​ ​2017​ ​@​ ​Cashaa​ ​Limited

further improve efficiency and increase customer convenience (assuming​ ​$10​ ​M​ ​sold) 3) While adding more services, further licenses in the UK, USA, India & South Africa will be applied for, including an E-Money license (assuming $15 M sold) and a Commercial Banking license in​ ​Europe​ ​(assuming​ ​$20​ ​M​ ​sold) 4) Insurance product related clearance will start with insurance groups​ ​(assuming​ ​$25​ ​M​ ​sold) 5) All the sales above $ 25 M will be spent for loan funding in the platform​ ​as​ ​per​ ​regulatory​ ​approval 6) Additionally, Cashaa will open dialogues with regulators around the world and become a member of related industry associations. This will help us improve user confidence and integrate further services,​ ​resulting​ ​in​ ​increased​ ​revenue Technology 25% Team will be ramped up with full stack developers and focused resources​ ​for​ ​each​ ​required​ ​areas. This will lead to accelerated enhancement of the platform and support tools to scale up the operations cost-effectively and securely as we envisioned and roll out additional services over the coming​ ​quarters. Operations 10% Cashaa runs a lean, cost-effective start-up and will continue to do so in the future. Being in the blockchain ecosystem and adhering to the highest standards entails certain operational costs associated with accounting and administrative overheads to meet the​ ​requirements​ ​for​ ​a​ ​growing​ ​international​ ​business. Business 20% Partnerships will be the critical factor for the success of Cashaa, Development enabling to build a strong footprint in new and existing growth &​ ​Marketing markets. Hiring a Chief Strategist and Business Development Managers will lead our efforts and establish new corridors through valuable​ ​partnerships. Cashaa will also conduct a referral campaign, email campaign and roadshows to refugees, migrants communities, community-driven target marketing in rural and unbanked regions in developed and developing countries. Promotion using Google Adwords, Facebook campaigns​ ​and​ ​other​ ​means​ ​of​ ​promotion. Copyright​ ​2017​ ​@​ ​Cashaa​ ​Limited

Customer 10% Cashaa will expand its multi-channel customer support team to Support include 24/7 support in all local languages where Cashaa is operating. This will ensure high level customer experience and detailed guidance available on each process’ steps for both money senders​ ​and​ ​traders. 10.7​ ​Token​ ​Support The Cashaa team is dedicated to support the participants during the token distribution process. Typically, funds will be deposited with an escrow until the user releases the funds to the receiver. For every offer made, a smart contract is automatically created. Users deposit tokens to the escrow as a guarantee for a successful transaction. If there is a dispute in the transaction, the user will not release the funds, and can start the process of resolving the dispute. One of the ways to resolve such disputes will be to contact the Cashaa​ ​Support​ ​Team​ ​at​ T​ [email protected]​. 10.8​ ​Assurance​ ​&​ ​Security Blockchain technology enables a secure, smart-contract based escrow for all transactions, along with ensuring that everything is done so that no exploits exist within the code. TokenMarket, a Top ICO management platform, will manage the Token distribution and execution of smart contract to ensure the proper security of the tokens. The smart contracts written by Token Market will also be reviewed with external​ ​auditor​ ​ t​ o​ ​ensure​ ​best​ ​security​ ​for​ ​our​ ​token​ ​sale​ ​participants. <End> Copyright​ ​2017​ ​@​ ​Cashaa​ ​Limited