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KalyCoin Whitepaper

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Version 1.2 - July 20211

Table des matières DISCLAIMER 3 NO ADVICE 3 NOT A SALE OF SECURITIES 3 NO REPRESENTATION 4 THIRD PARTY DATA 4 TRANSLATIONS 4 RESTRICTED TRANSMISSION 5 VIEWS OF KALYSSI 5 THIRD PARTY REFERENCES 5 GRAPHICS 5 RISK STATEMENTS 5 PROFESSIONAL ADVICE 6 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS 6 I- EXECUTIVE SUMMARY 7 I-1. Genesis 7 I-2. Statement of the Problem 8 I-3. Mission and Vision 8 KALYCOIN TRANSACTION DIAGRAM 9 II- GO-TO-MARKET STRATEGY AND ROLE OF THE PLAYERS 10 II-1. Go-to-market strategy 10 II-2. Roles and Incentives 11 II-3. Support for Financial Institutions 12 II-4. User Experience 13 II-5. Customer Experience 13 II-6. Merchant Experience 14 III- THE NETWORK'S POTENTIAL 15 III-1. Network Inclusion 17 III-2. Decentralization of the network 17 TECHNOLOGY 18 DISTRIBUTION OF KLC TOKENS 18 ROADMAP 19 THE KALYCOIN TEAM 20 2

DISCLAIMER Licenses and approvals are not guaranteed in all jurisdictions. KLC (KalyCoin) intends to operate in full compliance with applicable laws and regulations and to progressively obtain the necessary licenses and approvals. Licenses and/or regulatory approvals may be required in a number of countries. This means that the development and deployment of any of the initiatives described in this white paper will be subject to these regulatory requirements. It is not possible to guarantee, and no one is making any assurances, that such licenses or approvals will be obtained in any particular time frame or at all. As a result, the initiatives described in this white paper may not be available in some markets. This may require a restructuring of these initiatives and/or their unavailability in some respects. In addition, the development of any initiative is intended to be implemented in stages. During certain stages of development, the project may rely on relationships with certain licensed third party entities. KALYSSI will make sure that the authorizations of these third parties are in order, NO ADVICE This white paper does not constitute investment advice or a recommendation to purchase the KLC token from KALYSSI, its officers, directors, managers, employees, agents, advisors or consultants and should not be used in connection with any other contract or purchase decision. NOT A SALE OF SECURITIES This white paper is not a prospectus or financial services offering document and does not constitute an offer to sell or a solicitation of an offer to buy any securities, investment products, regulated products or financial instruments in any jurisdiction. KLC tokens are not structured or sold as securities in KALYSSI. Owners of KLC tokens are not entitled to any rights in KALYSSI or any of its affiliates, including any interest, stock, unit, capital royalty, profit, return or income in KALYSSI or any other company or intellectual property associated with KALYSSI. 3

NO REPRESENTATION No representations or warranties have been made to the recipient of this white paper or its advisors as to the accuracy or completeness of any information, statements, opinions, matters (express or implied) or arising from this content, derived from this white paper or from any omissions from this document or from any other information, written or oral opinion provided now or in the future to any interested party. KLC tokens, as envisioned in this white paper, are under development and are constantly being updated, but not limited to key technical features. KLC tokens may differ significantly from the description in this white paper No representation or warranty is made as to the realization or reasonableness of any future plans, projections or prospects and nothing in this document is or should be considered a promise or representation as to the future. To the extent possible, we disclaim all liability for any loss or damage of any kind (whether foreseeable or not) that may result from the action of any person in reliance on the information and opinions contained in this white paper or any information made available as part of any further investigation, notwithstanding any negligence, defect or lack of care. THIRD PARTY DATA This white paper contains data and references obtained from third party sources. While management believes this data to be accurate and reliable, it has not been independently audited, verified or analyzed by professional legal, accounting, technical or financial advisors. There is no guarantee as to the accuracy, reliability or completeness of the data. TRANSLATIONS This white paper and related documents are published in French. Any translation is provided for reference purposes only and is not certified by anyone. No guarantee can be made as to the accuracy or completeness of the translation. The completeness of all translations in case of inconsistency between a translation and the French version of this white paper, the French version prevails. 4

RESTRICTED TRANSMISSION This white paper must not be taken or transmitted into any jurisdiction where the distribution or dissemination of this white paper is prohibited. VIEWS OF KALYSSI The views and opinions expressed in this white paper are those of KALYSSI and do not reflect the official policy or position of any government, quasi-government, authority or public body (including, but not limited to, any regulatory body of any jurisdiction). This White Paper has not been reviewed by any regulatory authority. REFERENCES FROM THIRD PARTIES References in this white paper to specific companies, networks and/or potential use cases are for illustrative purposes only. The use of company and/or platform names and trademarks does not imply any affiliation, recommendation or endorsement by those parties. All references to "dollars", USD or "$" are references to U.S. dollars, unless otherwise noted. GRAPHS All graphics included in this white paper are for illustration purposes only. In particular, graphics with price references do not represent actual pricing information. RISK STATEMENTS Purchasing KLC chips involves significant risk and may result in the loss of a substantial portion or all of the amount committed. Before purchasing KLC chips, you should carefully evaluate and consider these risks, 5

including those listed in any other documentation. A buyer should not purchase KLC tokens for speculative or investment purposes. Buyers should only purchase KLC tokens if they fully understand the nature of KLC tokens and accept the inherent risks. Cryptographic tokens may be subject to expropriation and/or theft by hackers or other malicious groups or organizations who may attempt to interfere with our system/network in a variety of ways, including malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing and spoofing, which may result in the loss of your cryptographic tokens or the loss of your ability to access or control your cryptographic tokens. In this case, there may be no recourse, and cryptographic token holders are not assured of recourse, refund or compensation. The regulatory status of cryptographic tokens and digital assets is currently unregulated, varies by jurisdiction and is subject to significant uncertainty. It is possible that in the future, certain laws, regulations, policies or rules relating to cryptographic tokens, digital assets, blockchain technology or blockchain applications may be implemented that directly or indirectly affect or restrict the right of holders of cryptographic tokens to acquire, own, hold, sell, convert, exchange or use cryptographic tokens. Uncertainty in the tax laws relating to cryptographic tokens and digital assets may expose holders of cryptographic tokens to tax consequences related to the use or trading of cryptographic tokens. Digital assets and related products and services involve significant risks. Potential buyers should independently assess the nature of the risks and their own risk appetite and consult with their advisors before making any decisions. PROFESSIONAL ADVICE You should consult a lawyer, accountant, tax specialist and/or other professional advisor as necessary before deciding to purchase KLC tokens. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This white paper contains certain forward-looking statements that are based on KALYSSI's beliefs and on certain assumptions made by KALYSSI and information available to it. Forward-looking statements, by their nature, are subject to significant risks and uncertainties. 6

Forward-looking statements may involve estimates and assumptions and are subject to risks, uncertainties and other factors beyond our control and anticipation. As a result, these factors may cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. Any forward-looking statements speak only as of the date they are made. We do not undertake to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. EXECUTIVE SUMMARY I-1. The Genesis Blockchain technology and crypto-currencies are one of the major emerging technology trends of our century. By enabling untrusted, immutable and decentralized transactions, blockchain technology is laying the foundation for a series of next-generation applications that will enable stronger and more inclusive societies. KALYSSI's mission is to accelerate the transition to crypto-currencies. Indeed the KALYSSI team has a clear vision, to make crypto-currencies available in secure wallets, while focusing on their real use. It took a little more than three years for KALYSSI to launch the key product of its consumer offer: payment cards accepted worldwide, with its partner Visa, the KALYPAY Visa cards. Subsequently, KALYSSI has made available to customers ATMs for the purchase/sale of crypto currencies, the incorporation of traditional payment methods into the KALYPAY ecosystem, the purchase of goods and services... This approach of KALYSSI, starts from the observation that traditional payment networks do not natively accept crypto-currencies today, It is a slow and expensive process. Market process, strongly limiting the number of people we can introduce in the cryptographic ecosystem. The KALYPAY system was created to solve this problem. 7

I-2. Statement of the problem Traditional fiat currency payment systems rely on an old infrastructure that makes it difficult to adopt new and innovative forms of payment like crypto-currencies. As a reminder, traditional cash-based payment systems have essential characteristics: Highly centralized, Controlled by strict rules, resulting in a lack of flexibility Costly for participants (especially consumers), and limited flexibility (e.g., difficulty in easily integrating new innovations/currencies) In several countries, more modern digital money payment solutions have already emerged and almost replaced the traditional cashless payment system (e.g. Mobile money in Africa and Alipay/WeChatPay in Asia...). Unfortunately, the current blockchain technology is not sufficiently exploited to offer a good, efficient and personalized alternative to traditional money networks. I-3. Mission and vision Mission: Accelerate the transition to crypto-currencies Vision: The reference for regulations and transfers combining the most modern methods and technologies in any location. We strongly believe that decentralization is an important part of building a better society for all and, accelerating the world's transition to crypto-currencies. By building, on the one hand, a network of crypto-currency projects and, on the other hand, by focusing on developing the ability of merchants to accept crypto-currencies as payment (see diagram below). We want the KalyCoin network to be a high-performance blockchain solution, which will make the transaction flows between crypto-currency users and merchants accepting crypto-currencies transparent, profitable and secure, 8

Kalycoin transaction scheme Transactions 1: Transaction between 2 customers A and B, for the execution of this operation customer A transmits the order to KLC which after checking the balance executes by crediting the account of B Transaction 2: When paying at a KalyPay merchant, the transaction is transmitted to KLC, this one after verification of the exactitude of the data carries out by crediting the account of the merchant 9

MARKETING STRATEGY AND ROLE OF THE PLAYERS II-1. Marketing strategy The main differentiating factor of the KALYSSI network is its clear strategy of on the market, which should lead to rapid adoption. Six important points are at the basis of its strategy: 1. Broad and attractive offers for customers to financially encourage the use of crypto-currencies. 2. Focusing on solutions that allow customers to spend via multiple channels and online merchants to accept crypto-currencies. 3. KALYPAY's API's linked to existing gateways (payment methods) will encourage merchants to deploy them and can also offer substantial discounts to their customers. Customers will pay using the KALYPAY application. Payment will be instantaneous. 4. The non-existence of inter-client transaction fees to encourage massive use of the system. 5. Decentralization of the protocol in transaction processing. 6. The network of distributors and franchises adapted to each type of market: aware that despite the potential offered by blockchain and crypto-currencies there is a large gap, for the massive adoption of this new technology. Building a global payment network is a multi-year effort. The deployment of the KALYSSI network will therefore be done in stages, which will significantly increase the speed of adoption. 10

II-2. ROLES AND INCENTIVES We have outlined below the expected roles of the various parties who will be able to use the KALYSSI network and the incentives expected for them to use it. The Client Role: Use the network to perform inter/external transfers in the KALYPAY ecosystem, crypto-currency payments, call unit reloading, use of magnetic cards throughout the visa network. Incentives: Rebates: pay in crypto and receive rebates funded by the network, Access (time): instant access to the crypto-currency Access (distribution): ability to spend crypto-currencies directly from the crypto- currency account/portfolio at merchants, online or offline, without switching to fiat currency. The merchant Role: to accept payment methods from the KALYPAY ecosystem. Incentives: Reduced costs: free processing fee (for fiat and crypto payments) Marketing: offer customers network-funded discounts and demonstrate its ability to follow a new trend. The distributor (franchise) Role: selling KALYPAY services to the population to ensure proximity Incentives: Commission-based compensation for use of the range of services available. Marketing: KALYPAY communication tools and support and a presence in traditional media and social networks to facilitate their outreach. 11

Kalypay Role: manage the flow of funds from customers to merchants and distributors (from transaction authorization to settlement), set specifications, standards and distribute processing fees to eligible participants in exchange for their services. Kalypay Network: Expand the network of merchants accepting payments from the KALYPAY ecosystem, set compliance standards; and manage the dispute resolution process Incentives: achieve the vision of accelerating the transition to crypto-currencies and manage network transaction flows. II-3. SUPPORT TO FINANCIAL INSTITUTIONS Our stated vision is to accelerate the transition to crypto-currencies, and as such, we extend an open invitation to existing mainstream financial institutions to democratize crypto-currencies. As such, these institutions could adopt blockchain technology in a number of use cases. We intend for the KALYSSI network to address the key challenges faced by these financial institutions with respect to crypto-currencies: • Secure custody of these on- and off-chain settlement digital assets in a timely and cost-effective manner • the volatility of these assets, particularly between settlements and management. KALYSSI will provide the supporting technology solutions necessary to meet the compliance and regulatory requirements of financial institutions. We want the KALYSSI network to allow these institutions to easily integrate crypto- currencies into their existing system with a few lines of code through our APIs. Have the ability to define their own rules and parameters from a business model and compliance perspective. Have direct access to our customer service team. 12

II-4. USER EXPERIENCE Customer Experience The customer journey for crypto-currency payment using the KALYPAY ecosystem is intended to be as simple and versatile as possible. Opening an account The customer opens his KALYPAY account and has instant access to multi-currency and crypto-asset wallets. From his KALYPAY account, the customer can perform reload operations via several payment methods, and he can transfer money within the entire KALYPAY ecosystem. Expansion of the customer network With the crypto-currency market booming for more than 10 years, KALYSSI adopts an aggressive marketing and integrates proximity agents with several means of payment to the KalyPay ecosystem (bank card, mobile money, merchants...) this multitudes of possibilities favors the massive adoption of the Internet of value by the users. Fees and Incentives: KalyPay community members can send each other assets internally without pay no network fees Each user is an active ambassador of the system, on each account opening when he/she makes a minimum fiat load of 50$ Kalypay pays him/her a commission in KLC. 13

Merchant Experience The implementation requirements for merchants are minimal and offer great flexibility in accepting fiat currency and crypto-currencies. How the operation is carried out Merchants use their existing payment terminal ("TPE"), or integrate the online payment gateway "KalyPay", customers pay using their wallet and merchants receive their payments instantly in KLC, stablecoin and fiat (D+3). Expansion of the merchant network KALYSSI will lead a business development team to drive acceptance, using our payment industry relationships and strong balance sheet to entice players to join the KALYPAY ecosystem. We want to target different distribution strategies and channels, including: • direct transactions between online and offline merchants • payment gateway • transactions with acquirers that currently accept credit cards. For all types of buyers, we have a suitable proposal: A growing market: access to nearly 200 million consumers worldwide who currently hold crypto-currencies, with this number expected to continue to grow with crypto- currency related services increasingly meeting consumer needs. Lower fees: merchant processing fees are near zero compared to fiat currency, resulting in higher margins for merchants, minimal integration effort, and co-marketing including financial incentives. 14

THE POTENTIAL OF THE NETWORK The creation of Bitcoin and Ethereum wallets has seen explosive growth (>10x) from 2013 to 2015 and 2016 to 2019 respectively. Figure 1 : Evolution of the number of Bitcoin addresses Figure 2 : Evolution of the number of Ethereum addresses 15

Figure 3 : Value of digital payment transactions Based on forecasts of growth in Bitcoin/Ethereum wallet creation, and taking into account users with multiple wallets as well as the overlap between wallets on each blockchain, we expect the number of crypto-currency users to reach 250-500 million by 2025. 16

III-1. Inclusion of networks KALYPAY will open its protocol to customers and merchants who wish to transact directly on its cryptographic payment network without going through an acquirer. Direct participants will be able to leverage the power of the KALYSSI network to create closed-loop community payment channels to settle crypto-currency payments for free. KALYSSI will provide participants with an easy-to-use wallet application ("App") with deposit/withdrawal and wagering and payment functions to support this decentralized process. III-2. Decentralization of the network The KALYSSI network is built with complete decentralization. In the long term, the KALYSSI network will be able to operate in a fully decentralized manner as we develop the key elements of the architecture and technology to make it possible. FIAT KALYCOIN (KLC) Figure 4 : Representation of the decentralized network of KALYCIOIN (KLC 17

THE KLC JETON Token Issuing Entity : KALYSSI Token Name : KALYCOIN Symbol : KLC Total bid: 75,000,000 KLC Distribution mechanism: pre-sale, sale, secondary distribution DISTRIBUTION OF KLC TOKENS ICO KLC 19% 14 250 000 IDO LaunchPad 1% 750 000 KLC Ecosystem 60% 45 000 000 Marketing 5% 37 500 000 Reserve 10% 7 500 000 Developers 5% 3 750 000 TOTAL 100% 75 000 000 Figure 5: Distribution of KLC tokens 5% 5% 19% 10% 1% 60% ICO KLC IDO LaunchPad KLC Ecosystem Ecosystème KLC Reserve Marketing Developers Développeurs 18

ROADMAP 2021 March Development of the Kalypay website April BackOffice integration of customers and franchises May Integration of mobile money and crypto APIs June Bank card API integration July Launch of KLC on Binance Smart Chain August KLC integration in Kalypay September Launch of the KLC ICO October Launch of the Kalypay payment system and distribution of bank cards November Migration from the old Kalyssi system to December Kalypay Closing of the ico and preparation of the IDO 2022 January Launch of the IDO on Binance LaunchPad February Application for EME approval and Crypo license March Listing on 5 or 6 exchange platforms April Deployment of APIs for merchants May Integration of the KLC on the Marketplace June Launch of the Marketplace 19

THE KALYCOIN & KALYPAY TEAM Abdoulaye Touré Hien Kounbelara Innocent Rafael Alves CEO COO CTO Bourgelat Lynx Agre Sow Boubacar Nema Joseph Gbamou CFO LEGAL MANAGER ADVISOR 20

This white paper is a working document that may be revised and amended. Copyright 2020. For more information visit kalycoin.io 21