|NAME||IT Coin||RED Token|
|SYMBOL||ITCO||Base Symbol: REDT
(Varies due to unique nature of tokens, individual tags are assigned according)
|TYPE||ERC-20, Utility Token||Private Permissioned Blockchain Token|
|USAGE||Main token used in the Reditus Ecosystem. IT Coin is the only form of exchange for RED Token. IT Coin is a utility token, used to perform activities on the network:
||Tokenized receivables that are uniquely represented, each REDT will be backed by the receivables pledged onto the platform.
This includes and not limited to: NPL, general bonds, P2P (borrowing), P2P (foreign currency) and other bonds.
|SUPPLY||2,000,000,000 ITCO Capped at Token Sale||Depending on the Receivables Tokenization Process|
|DIVISIBILITY||18 Decimal Places||0 Decimal Places|
|Tokens for Sale||1,000,000,000 (50%)|
|Currencies Accepted||ETH, USD, BTC|
|Pre-sale Date||14 March 2019 (12:00PM GMT +8) - 29 March 2019 (11:59AM GMT +8) Days: 15|
|Public Sale Date||29 March 2019 (12:00PM GMT +8) - 13 April 2019 (11:59AM GMT +8) Days: 15|
|Lock-up Period||Founders & Team (12 Months lock-up period from the end of public sale)|
|Restricted Countries||USA & China|
The IT Coin sale will be conducted on the Ethereum blockchain. IT Coin (ticker symbol: ITCO) will be sold as an ERC20 token. Once Reditus® RMS (Receivables Management System) has been deployed, Reditus® RED Token (ticker symbol: REDT) will be exchangeable with IT Coin.
Participation in the Pre-sale and Public sale shall be limited to individuals with each wallet cleared pursuant Know-Your-Customer (KYC) checks. KYC checks include proof of identity and residency.
|60.4 billion won||38.3 billion won||22.1 billion won|
|US$ 54.5M||US$ 34.6M||US$ 20M|
|Culmulative Total||Total Uncollected Receivables|
|818.6 billion won||22.8 billion won|
|US$ 740M||US$ 20.6M|
ITSMORE (CEO), SK C&C,
R2C (CEO), KyungKi Bank
Expertise in Blockchain, Banking & Telecom Platform
IBM, POSCO ICT
Master of Engineering at Graduate School of Information & Technology, SOGANG University
Expertise in Blockchain & Big Data Analytics
Neoleds Technology (CEO)
Expertise in Strategic Investment & Market Analysis
Cryptocurrency Exchange Development Project at NexG
Expertise in Blockchain, Encryption Algorithm & Key Exchange
Coin Daemon Operation & Technical review at Bithumb
Expertise in Cryptocurrency Daemon Design
Asset management project (KB Card) Main-Net, Coin Development
Expertise in Core design, Blockchain & Cryptocurrency
Web & App Platform Planning (CJ media)
Expertise in Service Planning, UI/UX Consulting
Blockchain Linked, Web Development & Technical Support
Expertise in AWS Cloud, WEB Application & App Development
Expertise in Graphic Design, Illustrator, UI/UX & Publishing
KEB Hana Bank
Graduate School of Public Administration
KOLON Finance Corp., LG Card Corp., SEHAN CREDIT INFORMATION Corp., CONSUMER Financing Corp.
Leader of Business Support Team
Yushin Medical, BK Electronics
Shinhan Financial Group (Outside Director)
The Bank of Korea (Vice-governor)
Korea University (Visiting Professor)
Citibank Korea (Outside Director)
Samsung Scholarship Foundation (Board member)
Seoul National University, Economics
New York University, Economics (Master)
SmartMind Inc. Founder/CEO
Mediacorp, Vice President
Samsung SDS, Senior Data Scientist
Siemens, R&D Engineer
KAIST, Computer Science, M.S.
Chain Insight, Founder/CEO
Live Gamer Asia, CEO
Microsoft Korea, Business Group Lead Wisengine, CEO
Sogang Graduate School, MBA. Sogang University, BA. Economics.
Reditus Corporate Lawyer
Law Firm, GangNam
Law Firm, JooWon
Seoul National University
Attorney at Law
Law Firm, ILHYUN
Law Firm, DAEJI
Seoul National University
Attorney at Law
Hongcheon-Gun, Legal Advisor
(former) Professor of KangWon University
Seoul National University
Investment Committee of KTB PE
Alt. Investment Committee of the NFFF
IWL Partners Group
Seoul National University, Politics.
Expertise in Buy-out PEF and Alternative Investment
Delote, Senior Accountant
Seoul National University
Samsung Heavy Indusries
Korea Institute of Energy Research
Tax Services Company, Haean
Management Consulting Group
PACIFIC BIO (Vice President /CEO)
NEOPLUX (Executive Director)
Lehman Brothers (Associate candidate)
MACQUARIE BANK (Analyst)
Seoul National University
BRS HD (CEO)
BRS Investment (CEO)
AON Real Estate (Asset Management)
Graduate School of Real Estate studies, KONKUK University
ISCA, Permanent Inspector
KSIA, Member of Board
President of Fibank
CEO of Bansko Resort
CEO of VENTX AG
Consultant for Investment
CEO of FIS Travel
Consultant for Investment
International Relation Director
Korea Ski Association
Asian Ski Federation
Physical Education, Seoul National University
Professor of Dept. of Vocational Studies at KYONGGI University
19th Member of the National Assembly
Ph.D of sociology at Cornell University
Professor of International Management at DONGDUK WOMENS University
Doctoral degree in Business Administration at SEOUL National University
Professor of Electrical Engineering at SEOIL University
Dr. of Engineering at Yonsei Graduate School
Member, Democratic Party of South Korea
DP, Committee President in GeoJe Region
2017. SMC, Chief Vice Representative of DP
2010~2018. Seoul Metropolitan Council, Councilor
TERMS OF SERVICES – USER
This Terms of Service ("Terms") serves as a legal contract between REDITUS SINGAPORE PTE LTD. ("Reditus") and yourself ("You"). By accessing or using any of the services provided by Reditus ("Service") on our Website ("Site"), you agree that you accept to the terms and conditions contained within these Terms. If you do not agree to these Terms, do not use the Service.
INTELLECTUAL PROPERTY RIGHTS
Reditus owns and retains all rights, title and interest in and to the Services and the Site, including but not limited to all software information, data and Intellectual Property related to the aforementioned. Any reproduction or redistribution of the Service or the Service content is strictly prohibited, and we reserve the right to terminate our Service to you if you were to violate the Terms.
OUR SERVICES & ITS USAGE
Reditus operates the Site to support the ITCO Token Sale ("Token Sale"). The Site allows you to purchase Reditus Token. Please see the Whitepaper available on the Site for details of the Reditus Token. Any sale of Reditus Token is subject to the terms and conditions set out in the Whitepaper which can be downloaded from www.Reditus.io. You are required to read and understand the Whitepaper, including the terms and conditions, before participating in the Token Sale or purchasing Reditus Token. Reditus reserves the right to control, manage and/or modify the Whitepaper and the terms and conditions of the Token Sale sold via our Services. As such, you are strongly advised to refer to the latest Whitepaper based on the version number and date. For the avoidance of doubt, Reditus is not obliged to notify you of any changes to the Whitepaper.
THIRD PARTY WEBSITES
Reditus does not exercise any control over any third-party websites or services which may be available on the Site. Therefore, you agree that Reditus is not liable for any services provided by the third-party website that you were directed to and you shall be subjected to the terms and conditions of the respective third party. You agree that you will be using the third-party services at your own risk. Hence, Reditus will not be liable for any losses, damages, costs or other expenses arising from your use of third party services.
REGISTERING FOR AN ACCOUNT
In order to participate in our Reditus Token sales and/or to use Reditus services, you may be asked to fill up a form ("Account") as it is necessary to obtain certain information about you in order to ensure that the purchase of Reditus Token by you complies with applicable law or regulation. You may be required to provide certain information and this information shall include and is not limited to your name, email address, nationality, country of residence and relevant supporting documentation. You acknowledge that you shall provide this information as per requested as well as to provide further information promptly upon request to complete the purchase. You also acknowledge that all information provided shall be accurate, current and it is your sole duty to ensure that the information provided shall be updated constantly to keep it accurate, current and complete.
Reditus reserves the right to suspend your registration or refuse your purchase of Reditus Token if: (a) we do not receive any information from you that is able to determine that it is permissible to sell Reditus Tokens to you under applicable laws and regulations; and/or (b) if it is suspected that information provided by you is inaccurate, not current or incomplete.
Reditus reserves the right to terminate your participation without prior notice, if you: (i) violate the Terms, or; (ii) use the account for illegal or improper purposes, or; (iii) use the Service for illegal or improper purposes, or; (iv) infringe a third party intellectual property rights. Once your account has been terminated or suspended due to the aforementioned reasons, all benefits and user's right shall be revoked, and no refund will be granted to you.
REPRESENTATIONS AND WARRANTIES
You warrant that you will not use our services for any fraudulent, unlawful or abusive purpose. The content of the Site is provided on an "as-is-where-is" basis without representations or warranties of any kind. Reditus makes no warranties or representation about the accuracy or completeness of the content of the Service and the Site and assume no liability or responsibility for any loss, damage, and/or penalty faced by you for using our Services and/or the Site. Reditus does not guarantee and is not responsible to perform any verification of information provided by you, the accuracy of your information provided is your sole responsibility.
NOTICE OF HIGH RISK
You understand that any purchase of Reditus Tokens carries a high risk of losing the entire amount which you paid for the Reditus Tokens. Hence, you shall waive all rights to seek any legal remedy on your own or through any class action litigation in order to recover the purchase amount from Reditus. Nothing in this Agreement nor any conversation and communication made by Reditus, verbal or non-verbal, shall imply a positive or punitive return on investment from the amount you paid for Reditus Tokens or that the Tokens will carry forth its intended usage. You further warrants that by losing the entire purchase amount, it will not adversely affect your livelihood, obligations and dependents. For avoidance of doubt, Reditus hereby expressedly states to you that the purchase of the Reditus Tokens represents a financially high risk activity and that you shall fully bear all losses which maybe incurred from this purchase.
Reditus does not warrant that the Service and/or Site are error free or will operate without interruption or are compatible with all equipment and software configurations. Reditus shall not be liable for any loss whatsoever arising from the use of the Service or Site. Reditus shall not be responsible for any system failures or other interruptions that may affect your purchase process.
LIMITATION OF LIABILITY
Reditus shall not be liable to you or any third party under any circumstances (including negligence or breach of statutory duty) or otherwise for any indirect or consequential loss or damage of any kind including punitive or exemplary damages or losses, including but not limited to damages for loss of profits, goodwill, use, data or other intangible losses which may be incurred in connection with Reditus or its services and site. Reditus shall not be liable for any unauthorised transactions arising from unauthorised, illegal or fraudulent use of the service and site.
Reditus reserves the right, in its sole discretion, to revise or modify these Terms at any time, and you agree to be bound by such revisions or modifications. You are responsible for viewing these Terms periodically. Your continued use of the Site or Service after a change or modification of these Terms will constitute your acceptance of the revised Terms. If you do not agree to the modified Terms, you should refrain from using our Services and the Site.
GOVERNING LAW AND DISPUTE RESOLUTION
The Terms shall be governed by the law of the Republic of Singapore.
In the event if you do not agree for Reditus to process your data, please notify Reditus via email at email@example.com
By submitting your personal information to us, you consent to such information being used by us for the provision of the Services and also for us and Novum Capital, our token sale manager, to communicate with you.
In the event if you do not agree for Reditus to process your data, please notify Reditus via email at firstname.lastname@example.org.
RED Token is issued by registering receivables for the Reditus® RMS.
When receivables such as NPLs, general receivables, P2P (loan) and P2P (credit) are registered through the RMS, the collection rate is determined by the amount of the receivables. That is, when NPLs are registered, RED Token is issued based on the amount of receivables is assigned to creditors and Reditus® in accordance with the collection fee rate. However, a registration fee may not be charged in accordance with the requirements of receivables when using the Reditus® Creditor Application provided by the Reditus® platform.
Reditus manages and maintains the Reditus® ecosystem to ensure that diverse forms of receivables are circulated in the Reditus® platform.
Creditors are free to trade their RED Tokens at the RED Token Market (the receivables token market) open in the Reditus® Exchange.
IT Coin is a utility token that gives the right to access the Reditus® platform and use the services provided by Reditus.
Used as a reward to incentivize good behaviour of parties for their contribution to the ecosystem.
IT Coin is an essential means of operating and maintaining the Reditus® platform.
The funds raised from the sale of IT Coins will be used for the continuous development and operation of the Reditus® platform.
IT Coin aims to be listed on major external cryptocurrency exchanges.
As the use of services provided based on the Reditus® platform increases, i.e. RED Token registrations and transactions are increased, more IT Coins are traded, and this will therefore increase the volume of IT Coin transactions.