White Paper (Rilcoin)

A powerful cryptocurrency supporting decentralized Asset Management System (DAMS)

Rilcoin | White Paper Page !1 of 25

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 INDEX

Sr. Page No.

No.

1. The Concept
1.1 Abstract 4-5

1.2 Introduction
1.3 What is Rilcoin?

2. History of Cryptocurrency 5-6

2.1 Comparison of Crypto-technologies

3. Architecture of the Rilcoin 7-8

3.1 Specifications of the Rilcoin

3.2 Mining

4. Line of Business 8 -16

4.1 Use of the Coin

4.2 Target Niche

5. Creative Description and Development 16 -18

5.1 Rilcoin Podium

5.2 Investors and Collaborators

5.3 Our Approach

5.4 Goal and mission

6. Token Sale 18 - 20

Rilcoin | White Paper Page !2 of 25

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 6.1 ICO (Initial Coin Offering)

6.2 Platform Authenticity

6.3 Terms of ICO

7. The Road Map 21

7.1 Concept Development

8. The Project Announcement 21 - 23

8.1 To Push Inventions

8.2 The Decentralized Asset Management System (DAMS)

9. References 24 - 25

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 AbstractAs the world is advancing
towards digitization, global internet access
has made people sit back, take notice & start
embracing the change. In a nutshell, were
living in a rapidly changing world where the
need for keeping up has become an
obligation. With the introduction of various
digital currencies, our days of carrying
around paper cash or pulling out cards have
come to an end.
1. THE CONCEPT
1.1 Introduction
The Central idea is to provide a platform
designed purely for everyone, regardless of
geographical barriers and present a digital
currency affordable & usable by each of us by
providing everyone the medium to achieve,
influence & control in their creative ventures.
The main focus is to get people involved in all
the markets in a completely different manner.
With smart outsourcing revenue channels,
renowned collaborations, network, steady
cryptocurrency practice for transactions,
revolutionary identity protection and blockchain
protocol[1], Rilcoin makes usage of digital
currency effortless for its users.
Rilcoin is a cutting-edge crypto-technology
based, fully decentralized cryptocurrency[2],
which actually has all the benefits of fiat
currency[3] as well the freedom and anonymity
of a cryptocurrency. Rilcoin is a part of a
Decentralized Asset Management System
(DAMS).
The concept of Rilcoin is being
introduced to provide a new structure to asset
management system. Asset management mainly
refers to any system that manages and analyses
things of value to an entity. It may be utilized for
both tangible as well as intangible assets. Asset
management is a process of deploying,
Rilcoin | White Paper
upgrading, operating, maintaining and disposing
of assets that will be cost-effective. Rilcoin is
going to be an entirely new platform for asset
management systems which will provide a
unique perspective to financial tools as well as
investment tactics. It will propose users to invest
in cryptocurrencies assisted by blockchain safety
and real-world assets that would introduce a
whole new way of funding.
A lot of efforts has been put by experts to
various industries to make a design a
cryptocurrency based upon a cutting-edge
c r y p t o - t e c h n o l o g y[5], w h i c h i s f u l l y
decentralized and actually has all the benefits of
Fiat currency as well the freedom and
anonymity of a Cryptocurrency.
Rilcoin is based upon a crypto-technology
which also helps in the development of various
applications like Encrypted Chats, Encrypted
Transactions, Micro-finance etc.
1.2 What is Rilcoin?
Rilcoin is a peer-to-peer virtual currency
that allows performing quick transactions
without paying much amount as fees and can be
performed by any individual existing in this
world. Rilcoin is an open source global payment
platform which will be fully decentralized.
Mathematical problems make the system safe.
Rilcoin is a cryptocurrency which would be
based on a technology equivalent to Fiat
Currency. All the features can be made suitable
by using smart contracts. It will be the first
virtual currency involving qualities of fiat
currency.
Rilcoin is intending to become an
established platform for the people whore
whether comfortable or not with the concept of
cryptocurrencies by acquiring enough technical
support, liquidity as well as trade volume.
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 Miners who will make a successful
transaction will be rewarded with Rilcoins after
transaction accomplishment. Investors who are
going to participate in Rilcoin ICO will be
rewarded with RIL Tokens. Currently, there are
35 Million of RIL tokens for this particular level
of the project. 300 tokens (RTK) will be sold for
1 ETH (1 ETH = 300 RTK). The tokens issued
are ERC20 tokens.
This means that almost all of the wallets
which support the ether currency also support
ERC-20 compliant tokens. This makes your
investment safe as investors just not get a proof
of the investment, but get a smart contract token,
which can be bought, sold or traded.
2. HISTORY OF
CRYPTOCURRENCY
2.1 Comparison of Crypto-technologies
2.1.1 Bitcoin (BTC)
Bitcoin[6] is the first ever cryptocurrency
invented in 2009 that followed blockchain
and cryptography technique. All the other
coins followed the base set by Bitcoin.
High volatility - Bitcoin has volatility
mainly due to the fact that there is a limited
amount of coins and the demand for them
increases by each passing day. As
transaction times increase, investors lose
faith and the price drops. Bitcoin also
suffers from the effect of sensationalism.
Any stories about countries potentially
taking steps to regulate the flow of the
currency immediately result in its price
dropping off a cliff.
Expensive Mining: Bitcoin has become a
very expensive mining process. These
machines require a lot of electricity, even
Rilcoin | White Paper
though they have become more energy-
efficient as of late. A different iteration of
SHA-256, which goes by the name of
SHA-256D, was conceived as well, which
serves as a double SHA-256 cryptographic
hashing algorithm.
Longer transaction time- Currently,
bitcoin network traffic is unusually high due
to increasing demand for transactions per
block. Block sizes are limited, so this means
that transactions which exceed the capacity
of a block get stuck in a queue for
confirmation by bitcoin miners.
2.1.2 Ethereum[7] (ETH)
A decentralized software platform that allows
S m a r t C o n t r a c t s[8] a n d D i s t r i b u t e d
Applications (Apps) to be created and work
without any fail, hoax, limitation or
interruption coming from a third party. The
mining process of Ethereum completely
depends upon Geth.
It is a program that connects with Ethereum
network and works as a switch between the
servers hardware and remaining Ethereum
Network servers so if a block is being mined
by another server, Geth will take it and
transfer the information to your CPU/GPU
mining.
Ethereum is a platform that has their currency
Ether. This is a disadvantage because it makes
the Ether blockchain deficient which results
in a major delay when it comes to Ether
transactions.
2.2.3 Bytecoin (BCN)
Bytecoin (BCN) is a cryptocurrency
started on July 4, 2012. Bytecoin is not a
fork Bitcoin and uses the unique algorithm
CryptoNight.
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 Its distribution is poor because most of the
coins were mined through the deep web
community.
2.2.4 NXT (NXT)
NXT[9] was launched in 2013. It is a
radically enhanced cryptocurrency built
from scratch, to deliver an exclusive and
decentralized financial platform.
NXT claims itself as a "second-
generation" cryptocurrency. What this
means is that NXT and other currencies
like it are less concerned with functioning
as a standalone currency and more
concerned with providing a decentralized
system for online exchange.
NXT has a reasonably high market
capitalization, but this is due in large part to
the incredibly large amount of NXT
available. This appears to have been a
conscious decision by the designers to shift
the currency's focus towards mediating
other types of exchange. Still, as a stable
currency, NXT lacks some of the economic
soundness of its competitors.
2.2.5 Ripple (XRP)
Ripple[10] is the native currency to the
Ripple network and is the only currency in
the Ripple network that does not entail
counter-party risk. XRP based an algorithm
RTXP and designed to work seamlessly
with the Internet and exists natively within
the Ripple network as a counter-party-free
currency.
Critics of Ripple are quick to point out the
flaws of the system, the biggest of which is
arguable that Ripple itself actually owns
Rilcoin | White Paper
some 61% of the issued XRPs. Unlike
Bitcoin and other cryptocurrencies which
are mined on the go, Ripple released 100
billion XRPs upon the launch of the
network, after which no new tokens were
added. Of those XRPs, 61% is still in
possession of Ripple, meaning that the
operator currently sits on some $16 billion
worth of digital currency not exactly a
reassuring position for the market at large.
2.2.6 Rilcoin (RIL)
It is a digital-currency based upon a
cutting-edge crypto technology, which is
fully decentralized and actually has all the
benefits of Fiat currency as well the
freedom and anonymity of a
cryptocurrency.
Use of Rilcoin will not be limited to the
asset management system only; it will be
used for micro and nano transaction, micro-
finance and other day to day transactions.
Common flaws or limitations of present
altcoins like high volatility, expensive
mining, high transaction fees and long
transaction time.
Rilcoin is a hybrid cryptocurrency that uses
X11 hashing algorithm and features of
Ethereum Smart Contracts.
Rilcoin is a peer-to-peer virtual currency
being designed to support first
decentralized asset management system and
to facilitate users to transact more
transparently as well as conveniently.
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3. ARCHITECTURE OF THE
RILCOIN
3.1 Specifications of the Rilcoin
The concept of Rilcoin is being
introduced to provide a new structure to asset
management system. Asset management mainly
refers to any system that manages and analyses
things of value to an entity. It may be utilized for
both tangible as well as intangible assets. Asset
management is a process of deploying,
upgrading, operating, maintaining and disposing
of assets that will be cost-effective. Rilcoin is
going to be an entirely new platform for asset
management systems which will provide a
unique perspective to financial tools as well as
investment tactics. It will propose users to invest
in real-world assets and cryptocurrencies
assisted by blockchain safety, that would
introduce a whole new way of investing.
The real world assets and other alt-coins
and can be tokenized through this decentralized
Asset Management Platform and multiple
investors can invest in a single asset
simultaneously. The assets will be verifiable
assets; an Artificial Intelligence (AI) fraud
prevention system will prevent users from
investing in high-risk assets. The Fraud
Detection system will be managed by Artificial
Intelligence. Assets will be classified into
categories like high-risk, low-risk & safe using
an algorithm of trust rating.
Rilcoin is a decentralized cryptocurrency
based on a technology posses features of fiat
currency. Some of the features that would not
be like fiat currency will be made so through
Rilcoin | White Paper
smart contracts. Its flexibility to include all the
leverages of fiat currency makes it an exclusive
one among all of the cryptocurrencies. It will be
the very first cryptocurrency having qualities of
fiat currency.
3.2 Mining
Mining is a dispersed consensus system
used to confirm awaiting transactions by adding
them to the blockchain. It follows a
chronological order being in the blockchain,
maintains the stability of the network, and
manages various computers to accept the same
state of the system. To perform a confirmed
transaction, it is needed to be stored in a block
following specific cryptographic rules to be
authenticated by the network. These regulations
restrict old blocks from being changed because
it would corrupt all the further blocks.
Mining also generates the equivalent of a
participating lottery that stops anyone from
conveniently including new blocks in a series in
the blockchain.
With several thousand cryptocurrencies
in existence right now, it is not surprising to
learn a lot of coins use different mining
algorithms. Whereas bitcoin uses SHA-256,
other coins may use the likes of X11, Keccak, or
Scrypt-N. All of these algorithms have their own
benefits and requirements to keep mining
competitive.
Powerful AMD graphics cards are more
than capable of mining the Scrypt algorithm,
even though they will draw a lot of electricity
while doing so. Over the past few years, several
hundred altcoins using the Scrypt algorithm
have popped up, including the aforementioned
Litecoin and Dogecoin, to name a few.
A new mining algorithm started to make
some waves in the altcoin community in the
year 2014. X11, as this algorithm is called uses
11 different rounds of hashes (hence the 11),
was well received due to this incredibly energy-
efficiency while mining with a GPU or CPU.
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This algorithm is also capable of keeping mining
hardware a lot cooler as there is a lower
requirement for processing power.
The SHA-256 algorithm is used to mine
bitcoin, generating new addresses on the
network and support the network through proof-
of-work. It is worth noting SHA-256 is part of
the SHA-2 cryptographic hash function initially
designed by the NSA. In the early days of
bitcoin mining, it was feasible to use a powerful
CPU. Once the mining software was modified to
support graphics cards, GPUs became the new
preferred form of mining hardware. Eventually,
FPGAs and ASICs took over.[19]
Rilcoin uses a combination of x11
algorithm and some part of ethereum smart
contracts which make it unique and efficient
among other altcoins.
Rilcoin | White Paper
4. LINE OF BUSINESS
4.1 Use of the Rilcoin
4.1.1 IOT industry:
The Internet of Things (IoT) industry is a
rapidly growing one, with some companies
like Samsung promising their devices to be
IoT compatible by the year 2020.
The Internet of Things (IoT) is a fast-
growing industry destined to transform
homes, cities, farms, factories, and
practically everything else by making them
smart and more efficient. According to
Gartner, by 2020, there will be more than 20
billion connected things across the globe,
powering a market that will be worth north
of $3 trillion.[17]
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The Internet of Things (IoT) comprises
billions of devices that can sense,
communicate, compute and potentially
actuate. The data generated by the Internet
of Things are valuable and have the
4.1.2 Other Technologies:
Smartdust technology[12], AI vehicles, Crypto-computing and more. Application of Smartdust,
Self-driving vehicles, Crypto Cloud Computing and more in developing tools for business use,
Military applications, and for making life easier.
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The smart dust project envisions a
complete sensor network node, including power
supply, processor, sensors and communications
mechanisms, in single cubic millimeters. Smart
dust motes could run for years, given that a
cubic millimeter battery can store 1J and could
be backed up with a solar cell or vibrational
energy source. The goal of the Smart Dust
project is to build a millimeter-scale sensing and
Rilcoin | White Paper
potential to drive innovative and novel
applications.[18]
Rilcoin is well aware of the vast
expansion of IOT industry and the asset
management system will support
investments in IOT industry.
communication platform for a massively
distributed sensor network. This device will be
around the size of a grain of sand and will
contain sensors, computational ability, bi-
directional wireless communications, and a
power supply. Smart dust consists of series of a
circuit and microelectromechanical systems
(MEMS) designs to cast those functions into
custom. Microelectromechanical systems
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(MEMS) consist of extremely tiny mechanical
elements, often integrated together with
electronic circuitry.

4.1.3 Autonomous agriculture The farming industry is going to be more

significant than before in the upcoming few
The Future of Farming - Autonomous decades. The world will require producing 70%
Farming[13] & Equipments (Cultivation of farms more food in the year 2050 than that of 2006 to
using auto-driven GPS operated machines) feed the increasing population of the Earth, as
With this technology, a farmer is able to per the UN Food and Agriculture Industry. To
operate the autonomous tractor manned or fulfill this demand, farmers, as well as
unmanned. The autonomous tractor can work agricultural organizations are choosing the
together with other manned machinery. The Internet of Things for analytics and to enhance
Purpose of Asset Management System is to the production ability.[20]
provide the lowest cost path to building
successful robotics companies in the agriculture
industry and to help investors, invest directly
into companies, machinery or just a single
machine which is being used in the farms. The
income generated gets distributed among the
owners/co-owners of the asset. Monitoring
assets over the platform is just like maintaining
a social media account.

Rilcoin | White Paper Page !10 of !25

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Technological growth in farming is
certainly not a fresh concept. Handheld tools
were being considered as the standards many
years ago. The year of 1800 introduced with the
first gas-powered tractor, chemical fertilizers,
and grain elevators. In 1900, farmers started
using satellites to make a framework of their
work.
The IoT is established to take the future
of farming to great heights. The IoT is set to
push the future of farming to the next level.
Smart agriculture is already becoming more
commonplace among farmers, and high tech
farming is quickly becoming the standard thanks
to agricultural drones and sensors.
Rilcoin | White Paper
BI Intelligence, Business Insider's
premium research service, states that IoT device
acceptance in the agriculture industry will grow
from 30 million (2015) to 75 million (2020),
having a compound annual increment rate of
20%. The U.S. recently leads the global market
through IoT smart agriculture, as it generates
7,340 K.G.s of cereal/hectare relative to the
international average of 3,851 K.G.s of cereal/
hectare.
Ahead of it, On Farm piloted various
studies and found that for the average farm,
revenue increased by 1.75%, energy pricing
decreased by $7 to $13 per acre, and also water
usage for irrigation dropped by 8%.
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4.1.4 Real Estate Industry
As per the research Savills world research[x]
2016, RE industry is one of the largest industry,
estimated over $217+ trillion market. This
covers retail property, offices, industrial, hotels,
residential, other commercial uses and
agricultural land.
Global real estate assets comprise nearly
60% of the value of all global assets,
including equities, bonds and gold.
Three-quarters of global real estate value
is residential, 13% commercial and 12%
agricultural.
About 1% of global real estate assets
trade each year in big ticket deals.
Long-term global investment prospects
are governed by population growth and the
resulting demand for housing.
Rilcoin | White Paper
Near-term prospects for higher interest
rates mean the global search for yield and
rental growth is now full-on.
Our three pillars of real estate
investment for the next decade are the rise
of:
1.Secondary and tertiary markets
2.Second-tier cities
3. Alternative asset classes and locations.
Our global real estate tips for the next
five years include logistics in the tech age,
high-quality small cities for the digital
creative classes, residential for growing
middle-class populations and new resorts in
Asia and EMEA.
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Rilcoin asset management platform aims to
make this huge market more efficient and
transparent by letting real estate assets
tokenised. Many other cryptocurrency platforms
have shown interest in simplifying real estate
4.1.5 Renewable Energy
Solar farming, Resource Sharing- which
can be purchased and sold as a commodity
through DAMS (Decentralized Asset
Management System). Slowly world is moving
towards renewable sources of energy and with
Rilcoin | White Paper
investments. Rilcoin platform stands far apart
from them in terms of empowering its users
with the freedom of tokenizing real estate assets
and offering more liquidity.
the use of Solar farming, it is possible to invest
in solar equipments installed miles away from
your geographical location. Receiving rent for
solar farm panels installed at any other part of
the world. Co-ownership of Assets, managed
Page !13 of !25
through the Asset Management System. There
are so many solar farms under production in the
United States right now that existing capacity is
expected to double by 2020.
In 2015, showed a new record for
international investment in renewable energy.
The amount of money committed to renewable
without involving massive hydro-electric
projects increased 5% to $285.9 billion, crossing
Another report from the World Bank has
concluded that energy storage capacity is set to
increment significantly in developing markets
couple with and empowering more noteworthy
sustainable power source improvement.
The report conclude that by 2020,
"creating nations should two-fold their electrical
power yield to take care of rising demand" and
that by 2035, "these countries will speak to 80
percent of the aggregate development in both
e n e rg y p r o d u c t i o n a n d c o n s u m p t i o n . "
Unsurprisingly, in this manner, to address these
issues while likewise clinging to worldwide
outflows diminishments focuses on, the creators
of the report presume that "a considerable part
of this new energy generation capacity will
probably originate from renewable sources."
As indicated by the reports, deployment of
energy storage across developing countries is
expected to grow by 40% annually over the next
Rilcoin | White Paper
the past records of $278.5 billion attained in
2011. This record was reached instead of the
shifting in the exchange rate which did let down
the dollar value of investments being considered
in other currency zones and despite a
considerable decrease in oil, gas and coal prices
that secured the competitive position of fossil
fuel generation.
ten years. The World Bank Group is committed
to creating the right environment to attract
investment in the energy storage market, said
Riccardo Puliti, Senior Director and Head of
Energy and Extractives at the World Bank.
The surprising news was that the amount
of producing capacity enhanced in the wind and
solar photo-voltaic last year came to 118GW, far
above the next highest annual figure, 2014s
94GW. Overall, renewable removing large hydro
made up 53.6% of the giga-watt capacity of all
technologies adopted in 2015, the first time it
has represented a majority.
International investment used in
renewable power capacity, at $265.8 billion, was
more than that of double dollar allocations to
new coal, as well as gas production, that was
approx. $130 billion in 2015. Though the vast
weight of traditional generation capacity already
built meant that fresh, clean advancements only
Page !14 of !25
accounted for just more than 10% of world
electricity the previous year. However, this did
prevent the emission of some 1.5 gigatonnes of
CO2 in 2015.
Last year was also vital as it was the
initial year in which investment in renewable
removing substantial hydro in developing
countries outweighed that in developed
4.1.6 Other Businesses
Many new businesses will evolve as a
result of the revolutionary advancements in the
technologies. Software applications like
Cryptochat, which is a free application for the
community to be able to accept secure payments
over the chat integrated with your web or mobile
application; is a feature of Rilcoin Asset
Management Platform. Many other apps will be
developed using the platform, like Crypto-
Donation Platform, which is another end-to-end,
secure and robust platform for extending your
financial support to anyone needy in any part of
Rilcoin | White Paper
countries. The developing world including
China, Brazil and India committed a total of
$156 billion, up 19% on 2014, while advanced
economies invested $130 billion, down 8%. A
significant element in this turnaround was China
that increased its investment by 17% to $102.9
billion.
the world. Altogether the asset management
system boosts software, manufacturing, logistics
industry, and other small-scale industry with the
help of a cryptocurrency as real as fiat currency.
New Start-ups, Entrepreneurs & other
existing small businesses can raise crowd
funding using the same platform. The platform
is a fool-proof and a trust-less system, protected
by AI-based fraud prevention.
Page !15 of !25
4.1.7 Worldwide banking
The world is already is talking about the
decentralized banking system, without borders
and political barriers. A platform which offers
seamless, real-time transactions across borders
and at the same time more secure than the
traditional banking. International transactions
take 3-4 days via banking systems; Rilcoin
platform facilitates real-time transactions based
upon the proof of trust.
Micro-macro transactions, Micro-macro finance,
loan against assets and so many other areas of
opportunity will evolve along with the Asset
Management Platform.
4.2 Target Niche
For marketing, it is important to identify
the target audience. For a growing concept like
Rilcoin, it is difficult to identify this set.
It can be anyone that is ready to pave his
road to success. From Businessmen to investors,
Novelists to Cover Artists, Web Designers to
Accountants, Models to Mobile Payments,
anyone can complete the set. It is just a matter of
trust and effort that one is willing to put in.
5.0 Creative Description And
Development
5.1 Rilcoin Podium
Some of the key components of this
project are:
Transactions
Refers to activities on RilCoin that require both
RilCoin and HEAT to execute functions such as
Purchases, Smart Contracts, and Entity
Creation.
Rilcoin | White Paper
Interactions
Denotes activities like posting comments, rating
products or referring a developer on RilCoin that
need the HEAT to be executed.
Creators
A virtual-self entity that develops and advocates
Projects and Smart Contracts.They hire
Collaborators and interact with Customers.
Entity
An Entity is something like a public identity
generated by the user which controls
transactions as well as interactions. Entities
include- Creator, Collaborator, Customer etc.
Customers
A Customers perform the functions like
purchasing as well as interacting with Creators,
Collaborators and also other customers.
Collaborators
This Entity works on Projects and accepts Smart
Contracts. Collaborators function with Creators
and communicate with Customers.
Project
Under a project, there includes compiled smart
contracts. Selling of the products also belongs to
this. The whole process is being performed by
the Creator.
Constructors
The entity that avails with block mining
facility, IPFS data storage, and User identity
Page !16 of !25
confirmation services for the Rilcoin platform in
exchange for Ril Tokens, EMB, and HEAT.
Users, constructors, projects and the ecosystem
itself communicate with this entity only.
5.2 Investors and Collaborators
1. The tokens are allotted to the interested
investors who want to represent shares w.r.t. a
particular organization.
2.The major thing to consider is that there is no
requirement to give up equity.
3.According to the will of investors, the tokens
can be listed for exchange.
4.The investors who have already invested can
cash out with an increased amount.
5.Due to some reasons, if some interested people
missed the ICO, they can further join as
investors and get benefited with considerable
profits.This process will keep repeating itself
so that every potential investor may involve in
the process.
Teams from Quickdesk Solutions Ltd.
(UK) and Techrangle Inc. (Canada), are building
the Rilcoin.io application as per the contract
with Sahara Software FZE (Founders of
Rilcoin). With employees and advisors based
around the world, the company focuses on
business-grade technology solutions, including
blockchain software development.
5.3 Our approach
Blockchain technology is the concept
running behind Rilcoin. It reverts the ownership
of a given digital identity from centralized
systems so that the individual is in control.
Blockchain approach further decentralizes data
Rilcoin | White Paper
and computing capacity, and thereby greatly
increases users organizational security and
privacy. Via this decentralization methodology
using blockchain technique, our approach is to
change the way of dealings in fiat currency by
changing the medium to invest and then getting
back the return on investment.
A decentralized model incorporates truly
democratic principles by providing every
participant an equal say in the vision,
development, and objective of the organization.
That is why everybody can send encrypted
messages to anyone he/ she wants.
5.4 Goal and Mission
The end goal of Rilcoin is to enable
people to transact among themselves without
these transactions being controlled by
governments and mega-corporations i.e., to
make a direct payment without the need of a
middleman. It supports to maintain monetary
freedom by sustaining flexibility and
convenience while buying or selling the assets.
And even, someday, to become the basis for the
Unified World Currency. Another of its aims is
to provide a universal medium to send as well as
perform encrypted messages and encrypted
transactions respectively.
One more mission behind it is to
promote commercial websites completely based
on the internet in order to make the world more
commercialized and protected than ever before.
Our platform supports dealing in the
decentralized marketplace. We intend to provide
fully one-touch payment system to make the
payment facilities more convenient for
everyone.
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 The Rilcoin concept is designed
especially for the decentralized asset
management system. It will definitely change
the way people invest today in assets,
commodities and share market and then gain the
return from them. Rilcoin concept also enables
sending encrypted messages to any corner of the
world and also one can perform encrypted
transactions using this concept. The asset
management basically connects with any system
that maintains value to an entity. It can be used
for both tangible as well as intangible assets.
Rilcoin intends to provide a unique perspective
to financial tools and also to investment tactics.
It will offer users investing in cryptocurrencies
supported by Blockchain protection as well as
real-world assets that are going to introduce a
whole new investing methods. Any assets can be
tokenized and traded on the platform. The users
will have an option to list their real-world assets
and tokenize them to generate crowdfunding.
This may bring a fantastic opportunity
for consumer, small and medium businesses
segment to raise funds for their projects. The
users will be powered to invest and to get
investment from any part of the world. The
decentralized asset management system will also
comply with the KYC, arbitrary and other
compliance needed for the platform.
The encrypted Chat/ message application
and encrypted transactions via Rilcoin platform,
a global one-touch payment system, and a
decentralized marketplace; are other
applications of the project.
6. TOKEN SALE
6.1 THE ICO (Initial Coin Offerings)
It is an idea to gain enough momentum
in the form of crowd funding from the public.
Thus, it can be said cryptocurrency crowd-sale
as funds are to be raised with the help of people
Rilcoin | White Paper
who want to invest to gain considerable benefits
further.
The ICO is being implemented on the
base of Block-chain technology. While
performing ICO, virtual cryptocurrency tokens
are issued in exchange of leading
cryptocurrencies like Bitcoin, Ethereum etc.
These tokens are needed to show the cost of
transacting on the new platform. The tokens
provided to investors can be traded by them at
any time after ICO ends. In exchange, they can
get their increased money back. Sale, purchase
& exchange of token sale is explained on our
official website www.rilcoin.io in the terms
section (https://rilcoin.io/terms).
6.2 Platform Authenticity
Rilcoin is a project owned by Sahara
Software FZE, a company based in Dubai. The
founders are strong leaders and visionary. Its
the vision and positive thoughts behind the idea,
which makes it robust and sustainable.
The first ever cryptocurrency was
introduced by Satoshi Nakamoto, an anonymous
figure. In the year 2008, he shared a white paper
regarding Bitcoin, i.e. a peer-to-peer
cryptocurrency. After bitcoin, a lot of
cryptocurrencies kept emerging; many
succeeded and many poorly failed. Nonetheless,
the blockchain technology is being appreciated
and adopted by more and more investors and
finance enthusiasts.
Rilcoin founders Ms. Suzette Paulsen,
US-based business women & Mr. R. Kathiriya, a
businessman from Indian origin, based in the
UK, came together with an idea of a
decentralized asset management system backed
by an innovative cryptocurrency which has all
good features of fiat currency.
Now, a hybrid cryptocurrency, Rilcoin is
about to be launched in 2018, as a result of the
Page !18 of !25
collaboration of technology partners, Quickdesk
Solutions Ltd. (a UK based technology
company) and TechRangle Inc. (Canadian
technology company) and many others
collectively beginning Rilcoin ICO, Token Sale
starting from November 1, 2017.
As per a global forecast by BI
Intelligence, The Internet of Things[14] (IoT) is
changing the businesses, governments, and
consumers and transforming how they interact
with the world. Companies are going to spend
almost $5 trillion on the IoT in the next five
years and the proliferation of connected
devices and the massive increase in data has
started an analytical revolution.
There will be a total of 22.5 billion IoT
devices in 2021, up from 6.6 billion in 2016.
There will be $4.8 trillion in aggregate IoT
investment between 2016 and 2021.
To gain insight into this emerging trend,
the founders conducted an exclusive research
around the world and deployed technology
partners Techrangle Inc. and Quickdesk
Solutions Ltd., for ICO platform, the
blockchain, and the Decentralized Asset
Management System (DAMS) development.
The ERC20 standard makes it
convenient for all supported tokens to be wholly
backed by new projects as well as services.
Moreover, the introduction of this process
allows for the tokenization of various features,
added with voting rights. ERC-20 determines six
different functions for the advantage of other
tokens following the Ethereum system. These
are fundamental working issues that include the
process by which tokens are transferred and
through which users can access data regarding a
token.
In Rilcoins token sale, ERC20 tokens
are to be issued; which is the latest trend in the
Rilcoin | White Paper
crypto investment. It indicates that almost all of
the wallets which are designed for the ether
currency will support ERC-20 compliant tokens.
This makes investments safe as the investor
not only gets a proof of the investment; instead,
gets a smart contract token, which can be stored
in any Ether Wallet; can be bought, sold, or
traded.
Rilcoin will be launched for beta testing
in the second quarter of 2018 and POC of the
Asset Management system projected to be
available in the first quarter of the year 2019.
6.3 Terms of ICO
The Services allow Users of the DAMS
(Decentralized Asset Management System)
Platform to create and to accept Orders to trade
Cryptocurrencies with the other Users. Each
individual users place of residence determines
the availability of the certain functions on the
Site. It is the Users sole responsibility to get
informed about those rules and regulations in
his/her place of residence and to abide by them.
The user acknowledges and agrees that
whenever a Transaction takes place between
him/her and the other User(s) Rilcoin.io presents
an intermediary between the two parties, the
Buyer, and the Seller.
The Ril Token distribution will take
place over 90 days and pre-sale for 15 days
starting from 1st November 2017 and there will
be 100% of total Ril tokens available for crowd-
sale. 35 million (35,000,000) Ril Tokens will be
distributed according to the schedule below:
T(n) = 0 + 1Tn1 + 2Tn2 + 3Tn3
* = Offset constant
N
( n )
! (n) =
T Tn
n=1
First Phase:
Page !19 of !25
 10 million (10,000,000) Ril Tokens will User verification:
be distributed during a 30 days period with a
bonus of 25%. The User verification procedure (also known as

( 4 1)
N
1 'Know Your Customer'[15] or 'KYC' for short) is
T(n1) =
( 1) dn a compulsory procedure for all cryptocurrency
n=1 Transactions.
Users are required to provide the
Company with the correct, relevant and up-to-
Second Phase: date information. In case the data provided by
10 million (10,000,000) Ril Tokens will the User is incorrect or unreliable he/she can
be distributed during a next 30 days period with become subjected to investigation as a suspect in
a bonus of 15%. the fraudulent activity.

( 20 2)
N
3
(2) The objectives of KYC guidelines is to

! (n2) =
T dn
n=1
prevent banks from being used, intentionally or
unintentionally, by criminal elements for money
Third Phase: laundering activities. Related procedures also
10 million (10,000,000) Ril Tokens will enable banks to better understand their
be distributed during the last 30 days period customers and their financial dealings. This
with a bonus of 10%. helps them manage their risks prudently. Banks

( 10 3)
N usually frame their KYC policies incorporating
1
! (n3) =
T
(3) dn the following four key elements:
n=1
Customer Acceptance Policy;
N N Customer Identification Procedures;
( 4 1) ( 20 )
1 3
T(n) = 0 + 1 d n + 2 d n 2 + 3
n=1 n=1
Monitoring of Transactions; and
N Risk management.
( 10 3)
1
! dn
n=1

The indicator is represented as vector

n= (n1, n2, n3). Each indicator has
corresponding weight.

Rilcoin | White Paper Page !20 of !25

 7. THE ROADMAP
An idea was born in the month of April
2015, the founders of the project got initial
investment to give a push to the idea behind the
asset management platform. White Boarding
initiated on August 15 2016, in which the
primary idea got incepted to the whiteboard. At
the end of the year 2016, on December 1,
Quickdesk Solutions Ltd. and Techrangle Inc.
collaborated and a Mutual team of development
advisors was established and different functions
assigned to the team members according to their
expertise to come up with something exclusive.
On January 1, 2017, technical
implementations got checked by fool-proofing
various concepts and advancements. ICO, i.e.
Ril Pre-token-sale is scheduled to start on
Rilcoin | White Paper
November 1, 2017, with the provision of 5
Million tokens to be given out in the pre-sale
and then 30 million tokens in the crowd sale.
The beta-launch of Rilcoin is scheduled to be in
April 2018 after XBRL integrations. Premined
coins will be exchanged with the Ril-tokens
distributed in crowdsale. Rilcoin would be
launched for beta testing in the second quarter of
2018 and POC of the Asset Management system
is expected to be projected in the first quarter of
the year 2019.
Rilcoin will be launched for beta testing
in the second quarter of 2018 and POC of the
Asset Management system is projected to be
ready in the first quarter of the year 2019.
Page !21 of !25
 8. THE PROJECT ANNOUNCEMENT
8.1 To Push Inventions
The idea is to push more inventions in
blockchain technology and other technologies.
A platform designed purely for everyone,
regardless of geographical barriers and present a
digital currency affordable & usable by each of
us by providing everyone the medium to
8.2 The Decentralized Asset Management System (DAMS)
The concept of Rilcoin is being
introduced to provide a new structure to asset
management system. Asset management mainly
refers to any system that manages and analyses
things of value to an entity. It may be utilized
for both tangible as well as intangible assets.
Asset management is a process of deploying,
upgrading, operating, maintaining, and
disposing of assets that will be cost-effective.
Rilcoin is going to be an entirely new
platform for asset management systems which
will provide a unique perspective to financial
tools as well as investment tactics. It will
Rilcoin | White Paper
achieve, influence & control in their creative
ventures. The main focus is to get people
involved in all the markets in a completely
different way. With the Smart outsourcing
revenue channels, renowned collaborations,
network, steady cryptocurrency practice for
transactions, revolutionary identity protection,
and blockchain technology, Rilcoin makes
usage of digital currency effortless for its users.
propose users to invest in cryptocurrencies
assisted by Blockchain safety and real-world
assets that would introduce a whole new way of
funding.
Rilcoin is a fully decentralized
cryptocurrency that has most of the benefits of
fiat currency and also the freedom and secrecy
of a cryptocurrency. Some of the features that
would not be like fiat currency will be made so
through smart contracts. Its flexibility to include
all the leverages of fiat currency makes it an
exclusive one among all of the cryptocurrencies.
Page !22 of !25
It will be the very first cryptocurrency having
qualities of fiat currency.
The Decentralized Asset Management
System (DAMS) would be one of its kind and
will be the largest platform to tokenize any
tangible/ non-tangible assets. The subscribers
will be able to raise crowd funding using the
platform. The Return on Investment (ROI) will
be distributed automatically to all its investors
through smart contracts.
Rilcoin | White Paper
The assets will be verified by arbitrary
members of the pool and the transaction fee will
be shared among the members of arbitrary. This
process can also be seen as soft mining and the
transaction fee associated with it as the mining
reward. The process solves a real life issue and
does not waste any energy or resources, unlike
hard mining process.
Page !23 of !25
 REFERENCES
[1] Blockchain - Wikipedia https://en.wikipedia.org/wiki/Blockchain A blockchain originally
block chain is a continuously growing list of records, called blocks, .....Blockchain
protocols facilitate businesses to use new methods of processing digital transactions.

[2]Cryptocurrency - Wikipedia https://en.wikipedia.org/wiki/Cryptocurrency

Decentralized cryptocurrency is produced by the entire cryptocurrency system collectively, at a
rate which is defined when the system is created and...

[3]Cryptocurrency Definition | Investopedia www.investopedia.com/terms/c/cryptocurrency.asp The

smallest unit of the bitcoin cryptocurrency. Satoshi is named after Satoshi Nakamoto, the
creator of the protocol used in block chains and the bitcoin cryptocurrency.

[4] Fiat Money - Investopedia www.investopedia.com/terms/f/fiatmoney

Fiat money is the currency that a government has declared to be legal tender, but it is not
backed by a physical commodity.

[5]www.businessinsider.com/blockchain-technology-cryptocurrency-explained-2017-8
Cryptocurrencies are essentially just digital money, digital tools of exchange that use
cryptography and the aforementioned blockchain technology to facilitate secure and
anonymous transactions.

[6] `Nakamoto, S. 31 October 2008. "Bitcoin: A Peer-to-Peer Electronic Cash System".

Also known as the Bitcoin whitepaper. http://nakamotoinstitute.org/bitcoin/.
http://bitcoin.org/bitcoin.pdf. https://github.com/saivann/bitcoinwhitepaper.

[7] Ethereum Project https://ethereum.org/ Ethereum is a decentralized platform for applications

that run exactly as programmed without any chance of fraud, censorship or third-party
interference.

[8] Smart Contracts are self-executing contractual states

https://www.smartcontract.com/ Smart Contracts are self-executing contractual states, stored on
the blockchain, which nobody controls and therefore everyone can trust.

[9] Nxt - The Blockchain Application Platform https://nxtplatform.org/ Nxt is an advanced

blockchain platform which builds on and improves the basic functionality of pioneering
cryptocurrencies such s Bitcoin.

[10]Ripple (payment protocol) - Wikipedia https://en.wikipedia.org/wiki/Ripple_(payment_protocol)

Ripple's design focus is a currency exchange and a distributed-RTGS, as opposed to emphasizing
XRP as an

Rilcoin | White Paper Page !24 of !25

[11]ETHEREUM: A SECURE DECENTRALISED http://gavwood.com/paper.pdf The blockchain
paradigm when coupled with cryptographically-secured transactions has demonstrated its
utility through a number of projects, not least Bitcoin.

[12] Smartdust - Wikipedia https://en.wikipedia.org/wiki/Smartdust

Smartdust is a system of many tiny microelectromechanical systems (MEMS) such as sensors,
robots, or other devices, that can detect, for example, light, temperature, vibration, magnetism,
or chemicals.

[13]Future of farming: Driverless tractors, ag robots - CNBC.com

https://www.cnbc.com/2016/09/.../future-of-farming-driverless-tractors-ag-robots.html
Its technology is aimed at turning existing tractors into semi-autonomous machine

[14] Internet of Things Feng Xia1, Laurence T. Yang, Lizhe Wang and Alexey Vinel4 https://
pdfs.semanticscholar.org/930c/4981e87584afa7e6f1f4977323e365aae097.pdf

[15] Know your customer - Wikipedia https://en.wikipedia.org/wiki/Know_your_customer

Know your customer (KYC) is the process of a business identifying and verifying the identity of
its clients. The term is also used to refer to the bank and

[16] https://venturebeat.com/2016/11/20/how-blockchain-can-change-the-future-of-iot/

[17] https://us.norton.com/internetsecurity-iot-5-predictions-for-the-future-of-iot.html

[18] https://themerkle.com/scrypt-vs-x11-vs-sha-256/

[19] http://nanotechnology.unlv.edu/ee453_fall2008_projects/ee453_project26.pdf

[20] http://www.businessinsider.com/internet-of-things-smart-agriculture-2016-10?IR=T

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