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The Business

BTSE is a financial technology company operating multi-currency spot and futures markets
and providing related financial services through its custom-built platform. BTSE is gaining a
lot of traction due to its key technological innovations, such as a multi-currency orderbook that
provides deeper liquidity than individual currency pairs, next-generation matching engine that
enables sub-millisecond transactions and significantly reduces the risk for system overloads,
and horizontal scaling procedures that allow BTSE to upgrade services with near-zero
downtime, which are severe issues currently plaguing the industry.

Current Status
Since going to market in June 2019, through various user acquisition strategies, we have
continuous growth of up to 1000 new registered users per day with 2K regular daily active users
and overall platform trading volume of $70 million USD per day.

The global cryptocurrency futures market trading volume is around $10bn per day, we aim to
take a sizeable chunk of the global volume, factoring in market growth. We are looking to
achieve $400 million daily trading volume within 12 months.

The highly sophisticated and scalable platform that BTSE has developed will allow expansion
into other areas of financial services and partnerships, giving BTSE some unique possibilities
going forward.
The Case
BTSE has a proven platform of revenue, users, technology and traction. Implementing a token
now, will take it to the next level, bringing about user growth, retention and widespread market
adoption. The token serves as a key asset that will help grow the entire BTSE ecosystem and
product offerings. We have taken the successes of existing platform token into consideration
and innovated beyond that.

BTSE will tie four independent revenue streams to the tokenomics which has never been done
before and ties into a buyback scheme where we take 30% of all revenue streams every month
allocated to a liquidity pool that is then used to buy back tokens at market price until the supply
has been halved. This should encourage scarcity as well as a reason to hold the token because
of the myriad of incentives to do so, such as, interest bearing accounts, lower fees, and higher
rebates, increased benefits and as a store of value which can be traded against.

Revenue Streams
Platform Fees: Spot 0.7%, Futures, 0.025%, Token Listing Fees

Debit Card Fees: Support for underbanked users 0.9% margins

Mining: Consistent revenue stream with an expected return of 30% p.a.

Lending: 80% LTV, Secured liquidation profit of 5%, 8-12% interest p.a.

OTC: 0.2% margins and up.

The Offer
We are looking to sell 50M tokens at $1 with tiered discounts and vesting depending on the
discount. Funds raised will be allocated toward user acquisition to increase overall platform
revenue, platform development and liquidity, as well as expansion into lending, OTC and mining
markets.

The minimum investment size is $150,000 USD.


Personalize Your Trades
Building the
Infrastructure Layer for
Financial Services.
BTSE provides the suite of financial services lacking in
the digital assets space that is common to traditional
financial markets.
The Platform

Spot & Futures Licensed & SWIFT Banking


Trading Regulated from UAE Support
All-In-One Order Book
Better Pricing, Deeper Liquidity

All trading pairs on BTSE share the same


order book, regardless of their quote
currency (fiat and coin).

Smaller trading pairs see the


as larger pairs and can be traded at fair
prices. This way, the all-in-one order book
serves as a key driver of liquidity for
altcoins.
Choose from all currencies on
the platform. which

Futures 2.0 assets to use as collateral and


settlement.

Fully Customizable
Futures Contracts

High leverage
to
maximize their capital by
controlling large contract
values with a small margin.
Technical Innovations
High-performance Ability to process Efficient risk
platform that management
engine to securely
, end-to-end facilitate
per market

Impactful
with real-time hot performance and for rapid
upgrades security through a upgrades
Supported Assets

Crypto Fiat

Bitcoin Litecoin Tether USD EUR JPY CAD

Ethereum True USD USD Coin Monero CNY GBP SGD HKD
Spot Trading

Futures Trading

Leverage 100x 100x 1x 125x

USD, EUR, GBP, CAD,


Margin Assets JPY, CNY, HKD, SGD, BTC USD USDt
USDT, BTC, ETH, LTC
BTC, LTC, ETH, USDT,
TUSD, USDC, USD, EUR,
Settlement GBP, JPY, CNY, HKD,
BTC USD USDt
SGD, CAD

SWIFT-
Transfers
User Acquisition

Partnerships Referral Program


with other platforms BTSE offers the most
(e.g. Brave New Coin, profitable referral system
Blockstream) on the market

Competitions &
KOL
communication and Campaigns
collaboration with trading contests and
notable personalities community activities to
build brand loyalty
User Acquisition

Paid Advertisements Trading Seminars


banner & ad placements, for traders of all levels in
SEO & SEM international locations

Pro Trader Program Community Engagement


invitation-only program outreach to and collaboration
for advanced traders with groups with a large
following
Analytics – 18 Nov 2019
Daily active users
2000
Daily signups
500-1000
Debit Card OTC

The BTSE
Exchange Lending
Ecosystem Token

Mining Asset
Operations Management
Platform
Platform Revenue Streams
Fees

Spot Trading Futures Trading Insurance Fund Complex Orders Fiat Withdrawal

Fees upon trade liquidation Such as bot deployment

0.07% 0.04% 0.15% 0.14% 0.09%

White Label Token Listings


Platform Revenue Streams
OTC Lending
Extensive multi-channel settlement Institutional loans and collaterized
network with continuous growth and lending in fiat and coins
demand in Asia
Customizable plans, consistent
Transactions independent of the interest generation, profitable
public limit order book liquidation model

Existing large ticket customer base Margin lending for leverage trades

Running Available
Platform Revenue Streams
Mining
Mining operations hosted by Blockstream
300+ megawatts

Guaranteed hashrate

Partnership with renowned financial institutions


X
Consistent revenue stream
Expected return: 30% p.a.

Deployment in February 2020


Platform Revenue Streams
Debit Card

Support for
Instantaneous 24/7 Access to Convenient Fiat 0.9%
Underbanked
Transactions Funds On- & Off Ramp Margins
Users

Implementation in November 2019


Token Utility

Trade it on Enjoy Access Receive Paid services:


both Token Listings

Advanced trading
and functions
Enhanced data feed
Co-location
Historical back-testing
Projected Volume
Monthly Trading Volume Monthly Service Volume
In Millions USD In Millions USD

80000 400

70000 350

60000 300

50000 250

40000 200
30000 150
20000 100
10000 50
0 0
ec 9
Fe 19

Ap 0
Ju 20
Au 20

O 20
D 20

Fe 20

Ap 1
Ju 21
Au 21

O 21
D 21

ec 9
Fe 19

Ap 0

Ju 0
Au 20

O 0
D 20

Fe 20

Ap 1

Ju 1
Au 21

O 1
D 21

1
-1

-2

-1

-2
-
b-

r-
n-

g-

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b-

r-
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g-

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b-

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b-

r-
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ct

ct

ct

ct

ct

ct
ec

ec

ec

ec
O

O
D

D
Spot Trading Futures Trading OTC Trading Withdrawals Debit Card Spending Lending
Monthly Projected Revenue
In Millions USD*

25

20 Total Projected
Revenue
15
2019 $ 2.7 Million
10
2020 $ 103.5 Million
5
2021 $ 323.4 Million

0
9

9
20

20

0
20

0
20

Au 20

S 20

N 20

D 20

Ja 0

Fe 1
21

Ap 1
M 21

Ju 1

Ju 1
Au 21

S 21

1
-1

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-1

-2

-2

-2

-2

-2

-2

-2

-2

-2

-2
n-

b-

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l-
g-

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b-

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l-
g-
ov

ov

ov
ay

ay
ct

ct

ct
ec

ep

ec

ep

ec
ar

ar
Ju
Ap
Ja

Ju
Fe
O

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M

M
M
N

N
D

D
Spot Fees Futures Fees OTC Commission
Debit Card Commission Lending Profit Mining Income

*See Appendix 2 for details


Starting three months from token launch, we will use 30% of all
revenue to buy back and burn tokens.

BTSE will eventually destroy one-hundred million BTSE tokens, leaving


one-hundred million remaining in circulation.

Estimated Buyback Schedule in Millions USD


Buyback 2020

& Burn
Jun Jul Aug Sep Oct Nov Dec

→ $24,570,000

2021
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov

→ $84,060,000
The Token

200 50 Liquid
$1
Million Million Network

Total Supply Current Raise Initial Price Issuing Platform


Use of Proceeds
Platform Development - Tech, Mining, 5%
OTC, Lending, Legal, Operations 10%
Liquidity Fund

15%
User Acquisition 50%

Team & Advisory Tokens


20%

Safety & Insurance Fund


Token Features

Platform Ethereum Ethereum Binance Chain

Total Supply 350M 500M 200M

Team & Advisor


25% 25% 40%
Tokens
Fiat Trading
Pairs
Bitcoin Mining
Revenue

Trading Fee 25%


5 – 30% 10 – 65%
gradually reduced to
Discount tier system tier system
0%

Futures Trading
Roadmap
Upcoming Products
Q4 2019 – Q1 2020
Security Tokens
Debit Card

Virtual Banking License


BTSE Academy
05/2019
Asset Management Platform
Futures Trading Social Trading Platform

Custodial Services
Traditional Securities & Derivatives
05/2018
Spot Trading Stablecoin
Structured Products

Options
Index Futures
Management Team

Jonathan Leong Brian Wong Joshua Soh Yew Chong Quak


CEO CPO COO CTO
15 years developing high 10+ years trading and 20+ years organizational Big data, cloud technology,
performance, mission-critical financial technology and operational IoT, and cyber security
systems experience experience specialist

Founder of a venture fund that Ex-Goldman Sachs Ex-Cisco and IBM Ex-SingTel and Macquarie
invests in financial tech startups
Creator of a successful high-
speed trading venture
@BTSEcom

/BTSEcom

hello@btse.com
Appendix 1
BTSE
USD 1.00
Early March 2020
200 Million Tokens
USD 50 Million
October 1, 2019, to February 2020

3 [A, B, C]

Round A: October 1, 2019 – November 21, 2019 Round B: November 22, 2019 – January 15, 2020

25% vests every 6 months


30% Token launch date +1 year 50% vests every 6 months
after lockup 10% Token launch date +9 months
after lockup
50% vests every 6 months
15% Token launch date +6 months
after lockup 50% vests every 3 months
5% Token launch date +3 months
vests every month after after lockup
7.5% lockup: 10% - 20% - 30% Token launch date +5 months
- 40%
0% Available immediately None
0% Available immediately None

Round C: January 16, 2020 – February 20, 2020

7.5% vests every 3 months after lockup: 10% - 20% - 30% - 40% Token launch date +3 months

0% Available immediately None

Special Conditions
1. Sale of Discount 0% will be capped to 5 million tokens and 40% (instead of 20%) of funds raised will be allocated to liquidity fund.
2. Unsold tokens of the 50M raise will be burnt.
Appendix 2

is derived from:
Trading fees averaging 0.07% on a daily volume of $7m with a projected 40% monthly growth rate in the first six months,
followed by 15% for the next 6 months, then 10% thereafter;
Fee-chargeable withdrawals averaging 0.09% on a daily volume of $100k with a projected monthly growth rate of 20% in the first
year, then 10% thereafter.

is derived from:
Trading fees averaging 0.025% on a daily volume of $25m with a projected 52% monthly growth rate in the first six months,
followed by 18% for the next 6 months, then 8% thereafter;
Liquidation fees of 0.15%, where it is assumed that 1% of all futures trading is from liquidation.

is sourced from a 0.2% commission on $3m daily volume, with a projected monthly growth rate of 35% in the first six
months, followed by 20% for the next six months, then 5% thereafter.

are 0.9% on an estimated monthly spend of $3k per user with 100 users, with a monthly growth rate of
115% in the first three months, followed by 12% for the next six months, then 10% subsequently.

are sourced from a 0.9% monthly interest rate on an estimated $300k in daily month-long loans, projected to grow
monthly at a rate of 25% in the first six months, followed by 18% for the next six months, then 10% thereafter.

is projected to be at a constant rate of 100PH/s; at a difficulty of 14566490120107 with a block reward of 12.5 and a pool
fee of 1%, this works out to 30*24*3600*12.5*(1-0.01) * [1e17 / (14566490120107*2^32)] ~51.27 BTC in the first month.
Monthly, the difficulty is expected to increase by 7%, hence the BTC output is expected to decrease by approximately 7%
In May 2020, the block reward is expected to be halved. Consequently, the BTC output is also expected to be halved, and the
BTC price doubled, at this time.