Acad Whitepaper

The Education Currency
AcademyCoin is a cryptocurrency that enables educators to

accept monthly membership payments from
their students and fans.
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Copyright © 2017 Hacksaw International Inc. All Rights Reserved.
Axiom
The AcademyCoin token operates on the world’s first decentralized
blockchain for online education with an established network of
educators, students, creators and programmers. AcademyCoin
makes digital currency e-learning payments easy and simple for global
participants.
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Executive Summary
Hacksaw International Inc. is executing a token issuance under the
name AcademyCoin. Hacksaw International expanded its global
e-learning footprint by designing and launching AcademyCoin as the
first fully-functional blockchain for online educators. The
AcademyCoin token (ACAD) facilitates e-learning payment
transactions and supplants third-party payment processors like
PayPal, Patreon and other credit networks. AcademyCoin expects to
lower the overall costs compared to traditional payment structures
while mitigating inefficiencies and streamlining the payment process
of online education.
Key Points
• Starting with a community that reaches over two
million designers and developers each month1
• The AcademyCoin network, blockchain, and wallet
are fully-functional with active beta users2
• Existing partners and active users on the ACAD
network3
• The first company to provide a payment system to
replace traditional payment methods for online
education platforms and reoccurring membership
businesses
• The AcademyCoin team has a successful history
together of developing, building and growing
tech-centric educational platforms4
1
https://imgur.com/a/w5V6v
2
See “Distribution Strategy”
3
See “Expansion Plan Network Effect”
4
The core team worked together at LendLayer (https://techcrunch.com/2015/08/05/affirm-acquires-
coding-bootcamp-lending-startup-lendlayer/) and presently at Hacksaw Academy.
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E-Learning Landscape
The online education future is here with explosive growth and rapid
evolution. Over the next decade, the global e-learning market is set
to reach approximately $325 Billion.5 The established trends in
e-learning education in the marketplace have seen categories
focused on learning through gaming, cyber security, cloud based
solutions, corporate MOOCs (massive open online courses), online
content & digitization, innovations in wearable technologies and
learning management systems. As the growth continues, the top
venture capital investment firms continue to invest heavily into
e-learning platforms and businesses.6
5
Research & Markets Inc 2017 report
6
https://pitchbook.com/news/articles/a-second-wind-vc-investment-in-edtech-is-rising-again-
datagraphic
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Four of tech’s biggest companies
— Apple, Google, Microsoft and Amazon are moving aggressively
into the online education market. Beyond the potential of selling their
products to a previously untapped trillion-dollar industry, there’s a
chance to create lifelong brand loyalist by connecting to younger
generations as early as possible via schools.7 Corporations are
increasing their budget expenditures for training purposes and
development professionals are using e-learning as a tool to meet
company expectations. The market is segmented into mobile
e-learning, application simulation tools, podcasts, content
management system, videos, virtual classrooms and computer
programming and of course, blockchain technology.
A key catalyst for e-learning’s adoption is that the millennial
generation is comfortable with education-centric technologies.
Online education has displaced educators from traditional academia
and moved educators to migrate to online classrooms. Educators are
now utilizing online courses and advertising-based video platforms like
YouTube to supplement and enhance their learning tools. Uploading
e-learning content makes it available throughout a network, which
means that learners can access it and
“Millennials are unique in that
view anytime on their smart phones
from the time most of them and tablets, the main devices used in
could walk they were operating mobile learning. Regardless of screen
some kind of mobile device.” size; one can use a platform for not
Source: opensesame.com/blog/infographic-why- only searching online video resources,
elearning-perfect-millennials
but also sharing presentations, and
inviting e-learners to take an active part through their commenting
and participation.8
7
https://www.recode.net/2016/6/24/12014994/ed-tech-entrepreneurs-educational-technology-
investment-big-four
8
https://elearningindustry.com/8-important-reasons-youtube-part-elearning-course
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Market Problem
How an educator gets paid fairly and adequately is a problem in the
e-learning ecosystem. Currently, an educator has namely two options
to receive compensation for their services, either through an
advertisement-sharing model or through a membership model. The
e-learning landscape has been infiltrated with service providers that
charge a substantial amount of fees and transaction costs. These
costs typically range from 10% to 45% that the service provider
keeps. The fee schedule associated with the available processing
providers is complex. YouTube and Facebook’s new Watch tab
feature pays out only 55% of advertisement revenue off a creator’s
content.9 While Google does not disclose what it pays, its AdSense
partners' forums estimate that partners make between $0.001 and
$0.005 a click - depending on what type of ads they run.10 This not
only makes educators' income low and consistently undefined from
fees but unreliable. The current
payment environment makes it “If PayPal decides for some reason
difficult for educators to that your account has been
generate substantial income. misused, it has the power to freeze
all of the assets held in the account,
without consulting the user.”
Source: www.huffingtonpost.com/ameer-rosic-/7-incredible-
benefits-of-_1_b_13160110.html
9
Facebook launches Watch tab of original video shows,
https://techcrunch.com/2017/08/09/facebook-watch/
10
https://www.edsurge.com/news/youtube-education-summit-recap
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In order to generate income from online platforms, educators have
moved to a membership format where they are paid a reoccurring
monthly amount for educational content. Educators and creators
have searched for the ability to unlock alternative revenue streams
through subscriptions and recurring patronage. “Lots of creators are
relying on an ad-supported model,” said Patreon VP of data science
and operations Carlos Cabrera during a recent interview with Variety.
“That model is broken.”11 Therefore, educators have become heavily
reliant on third party payment processors like PayPal, membership-
based platforms like Patreon and major credit networks. As a result of
this reliance and lack of alternatives, these educators are paying
substantial fees per transaction. The following chart12 is the virtual
terminal fee structure for PayPal users.
U.S. Fees 2.9% + $0.30 per transaction

®
American Express card usage 3.5% per transaction
fees
International Fees 4.4% + fixed fee per transaction.
Virtual Terminal 3.1% + $0.30 per domestic transaction;

additional 1.5% for cross-border transactions
Month Terminal Fee $30
Micropayment Fee 5.0% of the transaction amount plus a fixed

fee based on the currency.
(Additional 1.5% for international)
Recurring Billing $10 monthly fee
Advanced Fraud Protection $10 monthly + $0.05* per transaction

Services
11
http://variety.com/2017/digital/news/patreon-60-million-series-c-1202563002/?ex_cid=SigDig
12
https://www.paypal.com/us/webapps/mpp/merchant-fees
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The direct-platform payment model may remove a third-party
processer but includes costs and complexity. Lynda,13 a popular skills-
based learning platform is another example where royalty fees are as
high as 10%. After taking a deeper dive into the pay structure, we can
see how convoluted it is for the educators to understand the formula
to make money. Lynda collects membership participation numbers
every month and uses that information to calculate payment to
educators, which is proportionally based on how many subscribers
they have as a whole. Then, Lynda analyzes how many videos are
viewed by each subscriber and which videos they are watching.
The formula equates to (total monthly revenue) x (% of active use) x
(% of distinct views/course) x (contract royalty rate) = payment. The
educator must rely on the platforms-payment formula and hope for
both accuracy and fairness.
Beyond the fact that the current payment systems are saddled with
bloated costs, the control of both payment timing and consistency is
beyond the education provider’s purview. If
PayPal deems your account has been “When you give your credit card to a
misused or is noncompliant, PayPal has the merchant, you give him or her access to your
power to freeze all of the assets held in the full credit line, even if the transaction is for
account without first consulting you. a small amount. Credit cards operate on a
Stripe, Payoneer and other payment “pull” basis, where the store initiates the
services may take up to 5 business days to payment and pulls the designated amount
process and remit payment to an from your account. Cryptocurrency uses a
educator’s account. Furthermore, when “push” mechanism that allows the
you give your credit card to a merchant, cryptocurrency holder to send exactly what
you give them access to additional credit he or she wants to the merchant or recipient
information, even if the transaction is for a with no further information.”
nominal amount. Credit cards operate on a Source: www.huffingtonpost.com/ameer-rosic-/7-incredible-
benefits-of-_1_b_13160110.html
“pull” basis, where the store initiates the
payment and pulls the designated amount
from your account. Cryptocurrency uses a “push” mechanism that
allows the cryptocurrency holder to send exactly what he or she wants
to the merchant or recipient with no further information.14
13
www.lynda.com
14
http://www.huffingtonpost.com/ameer-rosic-/7-incredible-benefits-of-_1_b_13160110.html
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Market Solution–Blockchain
Blockchain is a technology where a group of distributed computing
systems can compute the authenticity of transaction in a
decentralized manner. In simplest terms, blockchain harnesses a
significant number of computers to cooperate and create a common
record (a "ledger") that is accessible to everyone and controlled by no
one. This database is maintained by the community of users and not a
centralized authority (i.e., private corporation, government agency,
etc.). The decentralized database is secured by encryption to prevent
unauthorized mischief and manipulation. The encryption uses
complex mathematical functions to determine who owns what and
when they own it.
The distributed database maintains a continuously growing list of
recorded transactions called "blocks". Each block contains a time
stamp and a link to a previous block transaction. A key blockchain
feature is that it “chains” verified transactions into “blocks.” A
blockchain is managed by a network that adheres to a protocol for
validating new blocks and additions to the database. Once recorded,
the data in any given block cannot be altered retroactively and thus,
maintains transactional integrity.
A payment blockchain needs to perform two functions. The first
function is to gather and order data into blocks and the second
function is to then securely chain those blocks together.
AcademyChain is what we call our blockchain. AcademyCoin is the
token that we developed to send e-learning payments using the
AcademyChain. Hacksaw International Inc. has additional features in
the pipeline that we plan to add to the AcademyChain after the
success of our Token Generation Event.15 The AcademyChain is a
blockchain based on Bitcoin’s blockchain. Each block contains a time
stamp and a link to the previous block with transaction fees set below
0.01 to mitigate flooding of the network and slower transaction times.
AcademyCoin is targeting 2-minute block times while avoiding
congestion from ever-growing chains like Ethereum to maintain low
fees and continuous speedy transactions.
15
See “Token Generation Event Offering Details”
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Reference Guide
Hacksaw International Inc. is an established e-learning company that
built the AcademyCoin educator network and manages ACAD
tokens. The Hacksaw International team is launching the
AcademyCoin token sale.
AcademyCoin is a token operating on the blockchain that Hacksaw

International Inc. built with set policies that enable educators to
accept payments from their students and fans.
In this document, we mostly use the term "AcademyCoin", which is

also referred to as "ACAD" and the AcademyCoin token.
AcademyChain is what we call our fully functional blockchain and

AcademyCoin is the token we’ve developed for the chain.
ACAD is the token symbol that will be listed on cryptocurrency

exchanges.
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AcademyCoin (ACAD)
AcademyCoin is the world’s first token operating on a decentralized
blockchain enabling educators to accept payments and monthly
membership payments from their students and fans. The ACAD
token is also the first e-learning market payment solution to provide a
less expensive and more secure payment process. ACAD allows
educators to generate sustainable monthly income that is traditionally
heavily reliant on third-party payment processors, advertising
networks and major credit networks. AcademyCoin allows the
educator to receive payments faster and avoid the risks of their
account having an incorrect ledger or inadvertent disruption.
The AcademyCoin technology provides educators a simple payment

solution for accepting fast and seamless payments from followers and
students globally. Students are able to pay weekly or monthly
membership fees to multiple educators and platforms from all over
the world using one secure wallet. Our cutting-edge ACAD token is
less expensive and is a more secure way to generate sustainable
monthly income compared to platforms like PayPal and Patreon.
ACAD is decentralized with no bank or PayPal account needed,
which means no service fees.
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Token Implementation
AcademyCoin starts with a strong foundation from Hacksaw
Academy's existing community, which reaches over 2,058,000
software engineers, developers and e-learners every month. This
network was established through social media platforms such as
Instagram, Twitter, Facebook and our educational platform Hacksaw
Academy.16 Hacksaw was founded in 2015 and is a fully-interactive
e-learning platform divided into sprint programming tutorials with
over 12,000 users. With such a large existing and expanding
community, we saw a need for an AcademyCoin to serve our network
with a superior payment system. This expanding community needed a
way to make payments fast to access e-learning. The community is a
core component of our ACAD token launch for our thriving
student-to-educator network.
Payments by AcademyCoin: How It Works

Student flow: download the secure wallet and purchase ACAD tokens
from an exchange. Use ACAD to pay educators for content.
Educator flow: downloads wallet to start accepting ACAD from

students.
Exchange flow: ACAD tokens can be purchased or sold.
16
https://beta.hacksaw.academy/
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ACAD Specs
Token name: AcademyCoin
Abbreviation: ACAD
Quantity: A maximum amount of 100,000,000 ACAD tokens have

been created
Algorithms: X11, DGW3, Script
Target time per block: 2 minutes (different recalculation every block)
Block reward: .01 ACAD
80% pre-mined and used for distribution
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ACAD Distribution Strategy
AcademyCoin appeals to both educators and students. These initial

AcademyCoin adopters seek lower cost and secure payment methods
for e-learning opportunities. As anticipated, ACAD token distribution
began with a large number of educators agreeing to accept ACAD
tokens and hundreds of students downloading the wallet. Hacksaw
Academy utilizes its established ecosystem of programmers and
developers to download the wallet and use the ACAD token. The
existing Academy network consists of users already familiar or curious
about advanced and cutting-edge payment technology, which is the
ideal demographic to evangelize ACAD. In fact, AcademyCoin has a
growing queue of educational participants that want to utilize the
payment token.
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Expansion Plans – Network
Effect
The Hacksaw team is experienced in online influencing and marketing
in both the payment and educational product development arenas
respectively. Hacksaw’s online presence is a key factor for future
growth with active followers on Instagram, Twitter, YouTube, Reddit,
Medium, Slack, Telegram and Facebook. A significant portion of the
token distribution will be used for the expansion and development of
strategic partnerships. Ice Flow Studios, Tech Genius and Howard
Pinksy are just a few of the active users that are ready to disrupt the
e-learning marketplace and introduce a streamlined payment process.
By early 2018, we expect that over 100 Educators will accept and
utilize the ACAD token. AcademyCoin already has several educators
accepting ACAD:
Howard Pinsky - youtube.com/user/IceflowStudios

IceFlowStudios - iceflowstudios.com/
Hacksaw Academy - beta.hacksaw.academy/
Coding Tutorial 360 - codingtutorials360.com/
Yes I’m A Designer - courses.yesimadesigner.com/
The Murray Newlands Show - youtube.com/c/murraynewlandsshow
HackdroidTech - youtube.com/c/hackdroidtvtech
HackdroidTutorials - youtube.com/user/Peluuttaja50
Tech Genius - youtube.com/user/techgenius343
Within a month of ACAD’s token generation event commencement,

we expect to be listed on several major exchanges, which will facilitate
the acceleration of ACAD token purchase and usage.
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Why ACAD Provides a
Needed Decentralized
Solution
The utility of the blockchain as a transaction validator for payments is
the genesis of its foundation. AcademyCoin partners with online
educators to achieve sustainable monthly income without third-party
payment processors, major credit networks or fees by using the
blockchain. The ACAD secure wallet is a decentralized peer-to-peer
network for educators that eliminate the reliance on third-party
payment processors and major credit networks. The blockchain will
validate transactions, keep records and eliminate the need for third-
party assurances. We allow educators to simply create long-term
revenue streams. We plan to add a payment reoccurring feature to
the wallet early next year.
From the educator’s point of view, our technology and blockchain

solution simultaneously reduces costs and provides a better platform
than any existing solutions. ACAD is a less expensive but a more
secure cutting-edge way to develop sustainable monthly income as
compared to a platform like Patreon. Our secure wallet eliminates the
reliance on third-party payment processors and major credit
networks.
As more educational partners are added to the network, the growth

and demand usage of the ACAD token will increase. Online educators
and creators are natural early partners to adopt the ACAD token
payment option. Expansion into the entire education ecosystem is a
long-term distribution strategy and focus. The ecosystem includes all
items related to education such as books, courses and tuition.
Ultimately, our mission is that students will be able to use the
AcademyCoin token to pay for all things in education including
tuition at a top university.
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Summary
Online education has become a global phenomenon and requires
a global solution. AcademyCoin is the world’s first functioning
blockchain-powered online education cryptocurrency payment
solution. AcademyCoin’s token makes digital currency payments for
e-learning easy and simple for all participants. Our focus is to change
the way e-learning is paid for. We’ve chained together the critical
foundational blocks for a successful peer-to-peer payment solution
in the e-learning space. We built the technology and have proven
business partners, real users and a coveted management team.
AcademyCoin will become the ultimate payment solution for
education.
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Token Distribution
ACAD breakdown of 100,000,000 tokens
10,000,000 Pre-sale
10,000,000 Token Generation Event
20,000,000 Public Contributors
20,000,000 Management Incentives
20,000,000 Partnership Development Expansion
20,000,000 Distribute to Community of Educators, Creators & Students
100,000,000
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Roadmap
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Use of Funds
Marketing & Sales (students), Development (Wallet 2.0 & 3.0),

Partnerships (200+ educators) Course Development (Hacksaw) and
Customer support (for students/educators)
Development: 40% This financing allows for the rollout of ACAD

Wallet 2.0, educator network, crypto-exchange maintenance, and
necessary adjustments.
Community: 30% This includes the growth and maintenance of our

worldwide community.
Administration: 10% Consists of all associated administration costs.
Marketing: 10% These funds will be directed at PR, social media paid
marketing, partnerships, affiliate programs and more.
Reserve: 5% This is a set-aside for unforeseen costs.
Legal: 5% Funds used for Legal matters.
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Team
AcademyCoin is being developed by Hacksaw International
Incorporated. Each member of the team has successfully worked with
at least one other team member on a previous successful business
project. The founders Steve McGarry, John Fields and James Lovatt
bring over a decade of experience in software development and
innovative educational platforms. The founders sold their previous
business in the education space to the former CTO of PayPal, Max
Levchin’s company Affirm.
The AcademyCoin team possesses all the necessary knowledge and

skills to continue building a powerful, peer-to-peer payment system
for the online educational ecosystem. We embrace token-generation
events as a path to expedite growth capital for cutting-edge business
models. At the same time, we respect the value attributes of
traditional venture capital investors that provide connections and
advisory expertise. Our team is unique because we are approaching
the token generation event with extensive venture capital expertise
that most blockchain start-ups forfeit through the initial coin offering
process. Several of our team members have deep and wide venture
capital and private equity experience, which gives us an advantage
over any eventual competitors. We believe this access and expertise
is critical to our continued success.
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Steve McGarry has been changing how the world learns online for the
past several years. Steve launched his first cryptocurrency in the
summer of 2014 before his education-lending startup, LendLayer,
was acquired in 2015. Leveraging his blockchain technology
experience with online education is the next step in combining his
passions. Steve’s vast network of online educators and creators
reaches over 200 million consumers worldwide and is growing rapidly.
His network of online educators has continuously boosted the
AcademyCoin community by 70% month over month.
https://www.linkedin.com/in/stvmcg/
John G Fields gravitates toward big and creative ideas that can move
the global needle. John is a strategic thinker and obsesses over
connecting the dots. His experience ranges in all aspects of starting
a company from early formation to accelerating its development and
growth. John is considered a “guru” at creating and developing
business relationships, new products and building the requisite
disparate teams for success. He is sought after globally to advise
in starting businesses and developing the narrative.
https://www.linkedin.com/in/jfields/
James Lovatt has over a decade of deep software development

experience. James created platforms for the London Police
Department in the predictive crime units, propelling him into the top
percentiles of security clearance programmers worldwide. After
realizing the enormous opportunity for online education, James and
Steve founded a startup in 2014 called LendLayer. Building
a cryptocurrency that enables educators to accept secure global
payments is James' passion.
https://www.linkedin.com/in/james-lovatt-098b3825/
Eugenio Apolo has over 30 years of programming experience and

started his career as a programming teacher in Portugal. As an early
adopter of the bitcoin protocol, Eugenio is a pioneer in the
cryptocurrency space, working closely with cryptographically-stored
values and experimental blockchains. In 2013, Eugenio began
experimenting full-time with public and private blockchains,
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developing cryptocoins and decentralized applications. After
launching his "countrycoin" called CryptoEscudo (CESC) in 2014, he
started working closely with Steve, which led to the development of
the AcademyCoin blockchain and token ACAD.
https://bitcointalk.org/index.php?topic=524124.0
Frank Grant is a Managing Director of Solganick & Co., and focuses

on early-stage private equity technology investments. He is a former
Senior Counsel at Perkins Coie LLP, a leading business law firm,
representing entrepreneurs, emerging growth companies, venture
capital firms and investors. At Perkins, Frank worked on several
notable ICOs (Coinbase, et al.) He focuses his practice on solving
business problems, executing business strategies and achieving critical
business objectives. John and Frank have worked together on several
successful business projects in the last decade.
https://www.linkedin.com/in/frankgrant1/
Ramon Aponte-Salcedo is a creative problem-solver with experience

creating, managing and executing successful marketing campaigns.
He is analytical and performance-driven consistently achieving and
surpassing key performance indicators while continually staying
focused on developing and executing optimal value proposition.
Ramon has worked on short-term marketing campaigns raising eight
figure capital rounds in the investment arena.
https://www.linkedin.com/in/ramon-aponte-salcedo-697878b0/
Keith Spears is an expert at private and venture equity investments,

mergers & acquisitions and new business ventures. Keith worked on
alternative investments as a member of Hamilton Lane that has over
$359 billion under management. Keith has worked on over 100
transactions and investments that range from $1 million to well over
$10 billion in size.
https://www.linkedin.com/in/keith-spears-b829013/
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Token Generation Event
Offering Details
ACAD is a cryptographic token with a limited supply of
100,000,000 and no additional tokens will be created after the
token generation event occurs. Like similar cryptocurrencies, ACAD
tokens are transferable, exchangeable and fungible. We expect
AcademyCoin to be listed and tradable on multiple crypto exchanges
in 2017.
To finance the growth of AcademyCoin’s network, a Token

Generation Event (“TGE”) is taking place. The TGE is launching in two
stages.
Stage 1
The first stage is an appreciation discount sale of ACAD tokens
designated for Hacksaw Academy Inc. supporters, friends and families.
Pre-sale Terms:
• 10,000,000 ACAD tokens available
• October 1st to 31st 2017 or when then cap is reached,
whichever occurs first
39,000 ACAD = 1 BTC

2,800 ACAD = 1 ETH
4,400 ACAD = 1 BCH
Please contact us if you would like to purchase ACADs with a

cryptocurrency other than the ones listed above.

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Stage 2
Terms of Token Generation Event
• 10,000,000 ACAD tokens available
• Token purchase limited to maximum purchase of 250,000
ACAD Tokens
• November 1st to 30th 2017 or when then cap is reached,
whichever occurs first
19,500 ACAD = 1 BTC

1,400 ACAD = 1 ETH
2,200 ACAD = 1 BCH
ACAD tokens can be purchased by reviewing the Terms and

Participation Risks on pages 26 and 27 and by contacting
“AcademyCoin Team” on the pre-sale Slack channel.
http://bit.ly/2yKXJzr
The ACAD wallet can be downloaded at:
http://academycoin.io/#download
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Terms and Participation Risks
THE ACADEMYCOIN IS NOT AN INVESTMENT-GRADE SECURITY
OF ANY KIND. NO EQUITY, INTERESTS OR DIVIDENDS WILL
EVER BE DISTRIBUTED OR ASSIGNED TO ACAD TOKEN
HOLDERS FROM THE COMPANY.
The AcademyCoin (“ACAD”) is a digital token for participation and use in

the AcademyCoin network and does not confer ownership of a stake in a
business. The ACAD is to be used by the partners, students, educators and
consumers in the e-learning network ecosystem. Hacksaw International
(“Company”) has completed development of the ACAD token and is ready
to distribute such tokens at this time. The sole purpose of participation in
ACAD’s Token Generation Event (“TGE”) is to allow for the development
growth of the ACAD network.
While the blockchain construct may potentially be attractive to regulators

due to increased transaction security and reduced risk of manipulation, this
new technology gives rise to legal and regulatory challenges that regulators
are grappling to understand. Since the United States government has not
provided definitive guidance or laws around the sale of digital tokens, we
believe that United States based individuals that want to participate in the
purchase of AcademyCoin’s TGE consult with legal counsel prior to
purchase. The recipient has the responsibility to ascertain and to comply
with the applicable securities and banking laws in their jurisdiction.
The recipient of ACAD tokens must have sufficient knowledge and

experience in business and financial matters to be able to evaluate the risks
and merits of ACAD token purchases and is able to bear the risks thereof.
The recipient understands that the tokens involve risks, all of which the
recipient fully and completely assumes, including, but not limited to, the risk
that (i) the technology associated with the blockchain will not function as
intended; (ii) the network will fail to attract sufficient interest from key
stakeholders; and (iii) the Company and/or the network may be subject to
investigation and punitive actions from governmental authorities.
The recipient understands and expressly accepts that the ACAD tokens will
be created and delivered to the recipient at the sole risk of the recipient on
an “AS IS” basis. The recipient understands and expressly accepts that the
recipient has not relied on any representations or warranties made by the
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Company outside of this White Paper including, but not limited to,
conversations of any kind, whether through oral or electronic
communication. The recipient assumes all risk and liability for the results
obtained by the use of any tokens and regardless of any oral or written
statements made by the company, by way of technical advice or otherwise,
related to the use of ACAD tokens.
The recipient understands that recipient has no right against the Company
or any individual that is part of the Company. The recipient understands that
recipient bears sole responsibility for any taxes as a result of the matters and
transactions of ACAD tokens in use, sale or other disposition of ACAD
tokens held by the recipient. To the extent permitted by law, the recipient
agrees to indemnify, defend and hold the Company or any of its affiliates,
employees or agents (including developers, auditors, contractors or
founders) harmless for any claim, liability, assessment or penalty with
respect to any taxes associated with or arising from the recipient’s
acquisition of ACAD tokens hereunder, or the use or ownership of ACAD
tokens.
The recipient has been complying with the applicable anti-money laundering
statutes and the rules and regulations thereunder and any related or similar
rules, regulations or guidelines, issued, administered or enforced by any
governmental agency (collectively the “Anti-Money Laundering Laws”), and
represents that he/she/it will not engage in any money laundering or
terrorist financing activity as defined under the Anti-Money Laundering
Laws through his/her/its participation in the contribution to the Company
and the distribution of the ACAD tokens.
THE COMPANY MAKES NO WARRANTY WHATSOEVER WITH

RESPECT TO THE TOKENS, INCLUDING ANY (i) WARRANTY OF
MERCHANTABILITY; (ii) WARRANTY OF FITNESS FOR A
PARTICULAR PURPOSE; OR (iii) WARRANTY AGAINST
INFRINGEMENT OF INTELLECTUAL PROPERTY RIGHTS OF A
THIRD PARTY; WHETHER ARISING BY LAW, COURSE OF
DEALING, COURSE OF PERFORMANCE, USAGE OF TRADE, OR
OTHERWISE. EXCEPT AS EXPRESSLY SET FORTH HEREIN,
RECIPIENT ACKNOWLEDGES THAT IT HAS NOT RELIED UPON
ANY REPRESENTATION OR WARRANTY MADE BY THE
COMPANY, OR ANY OTHER PERSON ON THE COMPANY'S
BEHALF.
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Acad Whitepaper

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The Education Currency

AcademyCoin is a cryptocurrency that enables educators to

U.S. Fees 2.9% + $0.30 per transaction

International Fees 4.4% + fixed fee per transaction.

Virtual Terminal 3.1% + $0.30 per domestic transaction;

Month Terminal Fee $30

Micropayment Fee 5.0% of the transaction amount plus a fixed

Recurring Billing $10 monthly fee

Advanced Fraud Protection $10 monthly + $0.05* per transaction

AcademyCoin is a token operating on the blockchain that Hacksaw

In this document, we mostly use the term "AcademyCoin", which is

AcademyChain is what we call our fully functional blockchain and

ACAD is the token symbol that will be listed on cryptocurrency

The AcademyCoin technology provides educators a simple payment

Payments by AcademyCoin: How It Works

Educator flow: downloads wallet to start accepting ACAD from

Exchange flow: ACAD tokens can be purchased or sold.

Quantity: A maximum amount of 100,000,000 ACAD tokens have

Algorithms: X11, DGW3, Script

Target time per block: 2 minutes (different recalculation every block)

Block reward: .01 ACAD

80% pre-mined and used for distribution

AcademyCoin appeals to both educators and students. These initial

Howard Pinsky - youtube.com/user/IceflowStudios

Within a month of ACAD’s token generation event commencement,

From the educator’s point of view, our technology and blockchain

As more educational partners are added to the network, the growth

Marketing & Sales (students), Development (Wallet 2.0 & 3.0),

Development: 40% This financing allows for the rollout of ACAD

Community: 30% This includes the growth and maintenance of our

Administration: 10% Consists of all associated administration costs.

Reserve: 5% This is a set-aside for unforeseen costs.

Legal: 5% Funds used for Legal matters.

The AcademyCoin team possesses all the necessary knowledge and

James Lovatt has over a decade of deep software development

Eugenio Apolo has over 30 years of programming experience and

Frank Grant is a Managing Director of Solganick & Co., and focuses

Ramon Aponte-Salcedo is a creative problem-solver with experience

Keith Spears is an expert at private and venture equity investments,

To finance the growth of AcademyCoin’s network, a Token

39,000 ACAD = 1 BTC

Please contact us if you would like to purchase ACADs with a

19,500 ACAD = 1 BTC

ACAD tokens can be purchased by reviewing the Terms and

The ACAD wallet can be downloaded at:

The AcademyCoin (“ACAD”) is a digital token for participation and use in

While the blockchain construct may potentially be attractive to regulators

The recipient of ACAD tokens must have sufficient knowledge and

THE COMPANY MAKES NO WARRANTY WHATSOEVER WITH

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