Whitepaper 1.

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Last Updated: 18th October 2019

Introduction

TokenChat aims to be the most widely used altcoin for the payment of funds and transfer of funds in Asia. This whitepaper is prepared for the Initial
Coin Offering of TokenChat (TOC); TOC is a utility token and it is not considered as securities in any jurisdiction. This whitepaper is not a
solicitation for investment, nor recruitment of securities in any jurisdiction. Please note that all purchases of TOC are final and non-refundable. Thus,
individuals, corporate bodies and organizations must consider all the risks and benefits before participating in this ICO.

Buyer Restriction

People living in countries that prohibit its citizens from participating in ICOs are not allowed to participate in the TokenChat ICO. The purchase of
TOC can only be made by individuals, entities and companies with abundant knowledge of software systems that are based on cryptocurrencies and
blockchain. Potential buyers of TOC should not participate in this ICO if they do not have the required experience or knowledge about
cryptocurrencies and blockchain technology. Investors who participate in this ICO must fully understand the risks associated with investing in an
ICO project. The officers and employees of Bixer Pte. Ltd. in Singapore (hereinafter referred to as "the Company") shall not be liable for any loss
that might arise from your participation in this ICO.

Risks

The decision to participate in the TokenChat ICO involves a certain amount of risks. Thus, investors are advised to consider the risks listed
below and consult their lawyers, accountants and tax experts before making a decision to participate in this ICO.

1 At the end of the sales period, TOC will be transferred to your registered ERC-20 compatible wallet. You will need a private key
to access your wallet. If you misplace or forget your private key, there is a very high possibility that the utility token (including the
funds in it) will be lost forever. Hence, it is important to always keep your private key safe. If hackers manage to steal your private
key, you will most likely lose all the funds in your ERC-20 compatible wallet.

2 Some of the features in TokenChat are still under development. There is a possibility that significant changes may occur during the
development stage and the finalized features might differ from initial expectations.

3 TokenChat will put in the best effort to list TOC on as many exchanges as possible. However some exchanges may refuse to list
TokenChat (TOC) due to various reasons. Therefore, the expected liquidity of TOC may be lower than what is written in the
whitepaper.

4 Irrespective of the Company’ s effort, the schedule of events for the official release, marketing, listing on exchanges, etc. of
TokenChat may be delayed. Also, there is a possibility that TokenChat will not be completed due to force majeure. Nonetheless,
the Company will put in its best effort to ensure that the TokenChat project is completed on time.

5 Similar to other cryptocurrencies and tokens, the value of TOC may fluctuate dramatically and there’ s a possibility that the value
of TOC might drop due to various reasons. These reasons include demand and supply, overall cryptocurrency market conditions,
political and geographical circumstances, regulatory changes in any jurisdiction, and technical difficulties.

6 TOC is issued on top of the Ethereum blockchain. In the case whereby any potential failures or unexpected technical hiccups of the
Ethereum protocol occur, people may experience difficulties in transferring or securing storing TOC. Such effects may have a
negative impact on the value of TOC.

Disclaimer

To the maximum extent permitted by applicable law, rules and regulations, the officers, employees, stakeholders and affiliates of the Company are
not responsible for the loss of TokenChat by the purchaser caused by the failure to maintain or back up private keys or password-analyzed by hackers
due to inadequate management of the purchaser's password after TokenChat has been transferred to the purchaser.

The officers, employees and affiliates of the Company are not responsible to the purchaser who acknowledged the entire whitepaper or parts of this
whitepaper arising from or relating to the trust of the Company, including indirect losses, extraordinary losses, accidental losses, consequential
losses, derivative losses and any other type of losses (including the loss of revenue, income or profit and loss of use or loss of data), regardless of

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whether it is based on tort, behavior, contract or otherwise.
The Company will do its best to start and develop the TokenChat platform. However, those who intend to purchase TokenChat must recognize and
understand that the Company does not guarantee anything about starting the service of the TokenChat platform, and those who intend to purchase
TokenChat must recognize and understand that the Company will not bear any responsibility or obligation to any loss or damage arising from or
related to the inability to use TokenChat.

Regulators constantly examine projects and activities related to crypto tokens around the world. These processes, regulatory measures, surveys or
decisions may affect the Company’ s business and restrict/ hinder the development of its operations in the future. Those who purchase TokenChat
must recognize that the Company’ s business model or existing platforms may be changed due to the need for modifications, regulatory requirements
and compliance requirements under applicable laws in various jurisdictions.
Thus, those who intend to purchase TokenChat must recognize and understand that the Company or its affiliates are not liable for any direct or
indirect loss or damage resulting from such changes. Team members with Japanese citizenship are not related to this Company in any way; they only
provide advice and consultations services to the director of the Company on a personal basis.
This whitepaper and other explanatory materials by officials, employees, stakeholders and affiliates of the Company are not solicitations for
investment and should not be regarded as such. This whitepaper and other explanatory materials are not applicable nor related to recruitment of
securities in any jurisdiction and should not be regarded as such. This whitepaper does not contain nor describe any information or indications that
may be considered as proposals that may be used as grounds for investment decisions.
The officials, employees, stakeholders and affiliates of the Company are not advisors on any legal, tax or financial issues, and should not be regarded
as such.
If TokenChat is acquired, purchasers do not gain any rights or influence on the Company's organization or governance.

Representation and warranty repudiation

The Company shall not give any entity or individual any representation, warranty or promise of the truthfulness, accuracy and completeness of the
information contained in this whitepaper and related materials or site information. The Company does not make representations, warranties or
promises, and does not intend to do, nor deny doing such representations, warranties or promises.

Purchaser's Representation and Warranty

By participating in TokenChat’ s token sale, the purchaser expresses and warrants the following matters to the Company.

1 The purchaser shall have the right and the full capacity to purchase TokenChat according to the law applicable in the area where
the purchaser resides.

2 The purchaser has the responsibility to decide whether or not the purchase of TokenChat is appropriate for the purchaser.

3 The purchaser shall not act as a substitute for any other person or organization who wishes to purchase TokenChat or participate in
the token sale.

4 The purchaser must carefully examine the risks, expenses and any other disadvantages of purchasing TokenChat, and understands
such risks, expenses and any other disadvantages associated with TokenChat and token sale.

5 The purchaser should not act based on the purpose of speculative investment.

6 The purchaser agrees and recognizes that TokenChat does not fall under any form of securities in the purchaser's jurisdiction.

7 The purchaser agrees and recognizes that this whitepaper does not intend to refer to any type of prospectus, tender offer document
to purchase securities in the purchaser's area or solicit for investment in securities.

8 The purchaser agrees and recognizes that the information described in this Whitepaper is not reviewed nor approved by any
regulatory authority and there are no plans to undergo such review or approval based on laws, regulatory requirements or
regulations in any jurisdiction. The purchaser also agrees and recognizes that there is no plan to comply with applicable laws,
regulatory requirements or regulations, even if this whitepaper is published, distributed or disseminated to the purchaser.

9 The purchaser agrees and recognizes that neither this whitepaper, TokenChat's execution of token sale, nor TokenChat deals with
the various cryptocurrency exchanges in the future (indicated in this whitepaper) will determine the value of TokenChat.

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 10 The purchaser complies with the restrictions without imposing any responsibility on the Company due to the purchaser's expense
burden to be prohibited by laws, regulations or regulations in the purchaser's region about the distribution of the whole or a part of
this Whitepaper, copies of this Whitepaper, or the purchaser's approval of such copies, and the ownership limit.

11 The purchaser agrees and recognizes that TokenChat is not classified as any of the following and will not be handled in the case of
wishing to purchase TokenChat,

a. Any kind of currency other than cryptocurrency

b. Bonds, shares or share certificates issued by the Company
c. Rights, options or derivatives relating to bonds, shares or share certificates issued by the Company
d. A right under the CDF contract for the purpose of securing profits or avoiding losses
e. Interests in collective investment schemes
12 Interests in business trusts
13 Derivatives of interests in trusts
14 Any other securities or type of securities
15 The purchaser fully understands the important attributes of the operation, function, use, storage, transmission mechanism of smart
contract technology and the use of cryptocurrency, software system based on blockchain, wallet or other related token storage
mechanism of cryptocurrency, blockchain technology and operation.

16 The purchaser must fully recognize and understand that there is a risk associated with the head office, its business and operation,
when purchasing TokenChat.

17 The purchaser agrees and recognizes that the Company does not take responsibility for any indirect loss, extraordinary loss,
incidental loss, derivative loss or other losses arising from or in connection with the purchaser's acceptance of the whole or a part
of the Whitepaper (including loss of revenue, income or profit and loss of unusable loss or data etc.); regardless of whether it is
based on illegal acts, contracts or any other basis.

18 The purchaser should not use token sales for illegal acts such as money laundering and financing terrorism.
19 From the time the purchaser obtains or admits to the whole of this Whitepaper or (possibly) parts thereof, the purchaser must
recognize that the above representations and warranties are all true, complete, accurate and not misunderstood.

Update token sale details

In its discretion, the Company has the right to make changes, modifications, additions or deletions of part of this Whitepaper and the terms and
conditions of the transaction by placing amendments on the TokenChatPay website at any time during the term of sale.
In addition, the purchaser is deemed to have accepted such changes by purchasing TokenChat. The Purchaser should not purchase TokenChat at any
point if the purchaser does not agree on the latest Whitepaper and terms and conditions at that time. The information on this token is only described in
the Whitepaper. The issuer, its affiliates and stakeholders do not assume any responsibility for other materials and information on the website.

Market and industry information

This Whitepaper includes internal investigations, reports, research (including market research), publicly available information, market and industry
information and forecasts obtained from industry magazines. Generally, the information described in these surveys, reports, research, market research,
publicly released information and publications were obtained from information sources that are considered to be reliable. However, the accuracy and
completeness of these information is not guaranteed. The Company does not conduct independent examination on information sources extracted from
third parties, demonstrate the accuracy or completeness of such information, or confirm the economic outlook on which it relies. As a result, officials,
employees and affiliates of the Company are not obliged to provide any update on such information without expressing or guaranteeing the accuracy
or completeness of such information.

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Whitepaper
Contents

· Summary 06

· Background: The Technology behind Cryptocurrencies 08

· Explanation and Features of the TokenChat Platform 15

· Scope of and Appeal in Target Market 23

· Overview of Tokens 27

· Overview of Sales Conditions for Tokens 30

· Distribution of Tokens 32

· Profile of Team Members 33

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Summary

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 Building a global communication-based
settlement network for cryptocurrencies.

TokenChat is a communication-based wallet

platform that uses blockchain technology.

What is TokenChat ?

Cryptocurrencies are mainly traded on the market. Despite the increase in the trade of
cryptocurrencies for investment purposes, these digital currencies have neither been spread on to the
general public nor distributed as a method for payments/ money transfers.
In order for cryptocurrencies to become part of the global infrastructure used in today's society, more
actual demand (i.e. increase in its function as a currency through distribution) must be created by
making cryptocurrencies a tool for payment and money transfers that improves people's lives.
If cryptocurrencies become widely used for payments and money transfers on a daily basis, their
value will grow further.
TokenChat solves three of the aforementioned issues. However, issues such as immediacy, transfer
fees and fluctuations in the value of cryptocurrencies are major barriers to the effective distribution of
cryptocurrencies (particularly Bitcoin, which is the most widespread and widely distributed
currency) as a payment method.

The issue of immediacy is a huge obstacle to the diverse use of cryptocurrencies as a suitable
payment method.
Most stores will not accept a payment method that takes a long time to be completed.
An approach to the issue of immediacy is to complete the payment when the transfer is made, without
waiting for confirmation on the blockchain.
However, this approach means that the risk of transfer errors fall on the service operator, merchant or
consumer. Hence, this cannot be considered as an optimal solution to the issue of immediacy.
TokenChat's payment service solves this issue with a hybrid system that combines a truly discrete
and decentralized system on a public blockchain with an off-chain system, using the merits of
global services and crypto-economy as a whole to build a cutting-edge payment platform that can be
used by anyone.
TokenChat aims to be a global ecosystem in the realm of cryptocurrency payments.

Copyright © Bixer Pte. Ltd. 2018 7

The Technology behind Cryptocurrencies
An important aspect in the background of payments by cryptocurrencies that has received attention is
the prediction that the internet node count for the Internet of Things (IoT) will be more than 50
billion by 2020*1.

*1 Intel confidently predicts that the number of devices will reach 50 billion in 2020. These will mainly be
vehicles, factory machinery and medical devices. Cisco Systems predicts that there will be 50 billion devices in
2020 and that we are entering the age of IoE (Internet of Everything).

Source
http://iot.mb.cloud.nifty.com/iotcolumn/iot%E3%83%87%E3%83%90%E3%82%A4%E3%82%B
9%E6%95%B0

Nowadays, the Internet connects not only people but a vast number of things, and all of these are a part of the economic
activities in virtual spaces.
This is why FinTech is attracting so much attention. The money used by FinTech in the virtual space heralded the
arrival of cryptocurrencies as a mode of payment. Initially, it was possible to create business transactions in IoT
network environments based on server-dependent architecture. However, transactions reached astronomical numbers
and the cost of maintaining the servers for these services did not rise linearly but at least quadratically. This approach
cannot be scaled*2

*2
Processor usage (%)

100
80
60
40
20
0
0 100 200 300 500 600 700 800 900 1000 1100 1200 1300 1400 1500 1600

Users active at a time

Source https://msdn.microsoft.com/ja-jp/library/u647788.aspx

Essentially, the Internet consists of peer-to-peer (P2P) networks where connections are established by relaying
messages from one node to another*3.
This essential function of the Internet, a P2P-based payment framework, is an essential element of business in the age of
IoT.

Copyright © Bixer Pte. Ltd. 2018 8

*3 IP packetstructure

IP header IPdata

Version IHL Type of Service Total Lenght

Identification Flag Fragment Offset

Time to Live Protocol Header Checksum

Source Address

Desination Address

Options Padding

Firstly, consider the vast address space that would be provided in the IPv6 world when P2P communication using IPsec
is pushed to the forefront. This will provide a solution to many current issues (such as distributed processing and
security) associated with the use of the Internet.
Server-centric protocol that are unrelated (slightly different in nature) to the security of the Internet have recently
become central for subprotocols (such as HTTP) that are mainly used at present.
When it comes to the world of IoT, in which this principle is applied to appliances, vehicles, hospitals, factories and
others, it is impossible to build server-centric protocols from client-server architecture alone.

Many Internet providers have developed this business via servers because this enables them to sell the processing and
recording performance of their servers. This is suitable for a business model that will offset low volumes with high unit
prices. However, with IoT, the intermediation of these servers are a source of additional costs. It is only suitable for a
world where security and privacy is protected by a home router (NAT). Thus, new technical conditions are required for
the establishment of a new business model where communication goes beyond this.

Prior to building a world of IoT, it is important for the industry to consider the following requirements:

1. Ensure security with the end-to-end method

Eliminate the man-in-the-middle issue
Prevent identity fraud such as IP spoofs

2. Establish a communication that goes beyond NAT

At present, most user nodes operate via a Network Address Translation Table (NAT) in a device such as a home router
that uses a local IP address that is not globally unique. This means that a globally unique addressing method must be
established to access the P2P nodes in the NAT from an external location, else, communication will be impossible.

Copyright © Bixer Pte. Ltd. 2018 9

 3. Ensure scalability
It is important to reduce unnecessary traffic to the barest minimum to maintain the functions of the network. This
will ensure scalability when the number of nodes and volume of traffic increases.

4. Separate this system from the payment servers

It must be possible to complete payments as long as the parties involved can communicate via nodes.
A connection must not be required.

Cryptocurrencies using blockchains fulfill numbers 3 and 4 of these requirements.

Electronic currencies are a method for completing electronic transactions via a shared ledger that cannot be altered or
falsified. There are three types of electronic currencies that can be used to make payments in today's society:

e-money (IC-based transport cards, IDs, etc.)

There is an issuer
There must be a data reserve that can connect to a central bank note (inconvertible note (FIAT) and complete
payments by electronic media

Cryptocurrencies

These include Bitcoin, Ethereum, etc.

Cryptocurrencies distributed on the market are separate from issuers and inconvertible notes (FIAT).
The value of cryptocurrencies fluctuates.
It uses data that can be traded via the network: Inconvertible cryptocurrencies.

Virtual securities (asset-backed crypto-security (ABCS))

Virtual securities are separate from issuers

Payments are made with securities based on assets (including futures).
The system operates by leveraging the assets behind the securities.

Copyright © Bixer Pte. Ltd. 2018 10

Blockchains have evolved over three generations.

Simple Ledger
A simple shared ledger that can be implemented easily.

Public Network
A network that enables full public access.

Mining
The mining system operates in an environment where the consensus about the block form is made public,
thereby, ensuring that the processing time required to maintain robustness is minimal (a minimum of 10 minutes
in the case of Bitcoin). Issue: Immediate payment is not possible. Issues may occur during the time of
payment; for example, the block chain may diverge with the longer chain considered to be the correct one.

Smart Contract
The transaction information (contract) is recorded in a shared ledger.
These details are recorded in a program called Turing Complete. The information include the
conditions, promises made and the status of the ledger changes.

Public Network
Changes included changing the nature of access from a fully public format to one in which node access
tvis limited to pre-registered users.

Efficient Mining
Measures were taken to resolve issues that were present in the first generation (such as reducing the processing time
required to maintain robustness). Diverging chains were also eliminated by using a common time for the nodes.

Smart Contract
The transaction information (contract) is recorded in the second generation and the status changes
of the ledger are restricted. Stateless recording is forced (to prevent unexecuted trash)

Dynamic Private Network

Measures include recognition of node participation limited by access and active participation by
introduction

Secret Sharing - No Mining -

Measures include secretly distributing the consensus of the block form to each node and restricting access to
the distributed pieces to maintain robustness.

Copyright © Bixer Pte. Ltd. 2018 11

 Predetermined Life Cycle

The first generation used long block chains containing all information from the origin onward, resulting in the
retention of past information that are no longer needed. In this generation, a validity period is set for the block
chain itself. The source is referenced during the validity period; it maintains continuity while preventing the
retention of unnecessary data.

Ripple
Ripple is also used as a server-based cryptocurrency. Ripple's architecture is designed to implement the
frameworks of existing financial institutions in a virtual space.

The network does not need to be made more efficient through Whitepaper's distribution process as the purpose
is different.

The three elements of cryptocurrency businesses

The three major elements of any cryptocurrency business include:

1. Issuing function
A function performed by the issuer of the cryptocurrency; the issuer issues, sells, maintains and manages the
cryptocurrency.

2. Transaction function
A function for selling and exchanging cryptocurrencies.

3. Payment function
A function that overseas payment, receipt and transfers.

Wallet or payment app

Completes sale
Connects to Exchange,
/purchase/ conversions, etc.
InterVault via API.
money transfer

Copyright © Bixer Pte. Ltd. 2018 12

 4. Vault
A function that combines different cryptocurrencies and absorbs the time difference required for consensus to ensure consistency.

InterVault (vault app)

Provides a guarantee Manages and

Connects to
and insurance for the automatically updates
InterVault via API
storedcurrencies. validity periods.

When considering the implementation of these systems, it was determined that proceeding straight to P2P-based
distribution with limited implementation and distribution experience would require overcoming massive time- and
cost-related obstacles in order to confirm and maintain overall consistency.
TokenChat solves these problems by installing nodes for the distribution process (P2P) on servers and confirming
overall consistency before distributing the information.

In other words, TokenChat builds a network space on a server.

The network operates as a closed, protected network, with user nodes (peers) accessing the server.

Images of peers corresponding to apps distributed on the network are mapped on the server as multiple virtual peers.

Apps distributed on the network access corresponding virtual peers at the time they are activated and synchronize
with them.

Peers distributed for security management are subject to measures provided by virtual peers on the server and
end-to-end security (IPsec, etc.) to prevent identity fraud and man-in-the-middle circumstances (MiM).

Communication between peers is a central part of TokenChat's services. The building of this system ensures consistency
and facilitates the debugging of the system during real-time operations. At present, while operations are mixed with
IPv4, network address translators [NATs] are impeded and it is difficult to directly find corresponding peers and carry
out P2P communication. However, once a virtual network is created on a server, these issues do not occur. Also, direct
connection to the peers is enabled by operating services such as session traversal of user datagram protocol [UDP]
through NAT (STUN) or traversal using relay around NAT (TURN) via the server where the virtual network was built.
The recent establishment of web real-time communication (Web RTC) technology has enabled general-purpose
browsers such as Firefox, Chrome and Safari to function as terminal applications working with a server, while also
enabling P2P communication.
This provides the technical background by which distribution process technology has been made a familiar presence
through the use of resources throughout a network.

Copyright © Bixer Pte. Ltd. 2018 13

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February 2019 Update: TokenChat partnered up with a Singapore based chat app
firm and the TOC token is also being adopted as a native token on the app.

Features of the app include:

Total Anonymity
No phone number is required to register an account. We do not maintain any logs or
retain any personal or meta data on our users to safeguard their privacy.

Disappearing Messages
Messages disappear by default after 4 weeks. Reduce this to as little as 5 seconds
to keep your communication safe from prying eyes or keep your messages forever,
the choice is yours to make.

End-to-end Encryption
All your messages, media and calls are encrypted with a unique key to ensure that
no one except your intended recipients can view their content.

Timeline
Post something on Timeline and get rewarded when someone likes your post and tip
you with TOC.

Win Amazing Prizes

Win AMAZING prizes by participating in contests.

Blockchain Wallet
A fully featured cryptocurrency wallet built into lol chat. Send & receive BTC, ETH
and TOC tokens. Retain control over your private keys that are stored only on your
device.

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Money Transfer via the Messenger
TokenChat's instant messenger function is linked to the wallet. TokenChat users can
exchange cryptocurrencies easily via instant messenger. Cryptocurrencies are an
easy payment option at stores and between individuals.

Erasable Messages
If a sender wishes to, messages on TokenChat are automatically erased after a time
set by the sender. All traces of the erased message are removed from both devices
and the network.

Communication with End-to-End Encryption

TokenChat encrypts messages between the sender and the receiver in packet units,
thereby, protecting them from all third parties on the P2P network. Our proprietary
protocol, InterVault, uses a double encryption process with one key issued for each
session and another key issued for each packet. This offers stronger protection of
data throughout the communication route than conventional encrypted
communication protocols.

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An example of communication via TokenChat is shown below. A global access
method is used when A sends a message to B via node C, which corresponds to the
STUN server. While encrypted packets are exchanged in communication between A
and B, the decoding key used in the encryption of these packets is sent via C
(orange route). This means that the only nodes that can decode communication
between A and B (green route) are node A or node B. Communication via
TokenChat cannot be decoded by any third party on the same network.

This encryption is particularly strong in the sense that keys can be changed for each
session, meaning that even if a quantum computer appears, the encryption length is
not fixed and thus cannot be decoded by an elliptic equation.

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Encrypted and Decentralized Data Storage
TokenChat makes overlapping divisions of data objects; it encrypts and stores the
pieces of data objects separately in different nodes throughout the P2P network. The
increase in the number of users results in an increase in the volume of information
that needs to be stored.

TokenChat solves this issue by utilizing the massive storage area created by the
separate data storage on the P2P network. TokenChat's separated data storage is
highly secure and resistant to damage. The original data cannot be easily rebuilt by
recompiling the pieces of data stored in each node. If data is completely erased from
some nodes, the original data can be rebuilt from the data on the remaining nodes.

TokenChat applies a mathematical process called ‘secret sharing’ to data in the form
that meets the consensus. In this equation, the encryption processing function is
represented as S and the data that meets the consensus is represented as x. This
data is divided into m number of data pieces represented by a.

k is the minimum number of data pieces that enables the full replication of the
original data (x). k cannot be greater than m.

Secret sharing can be considered as a form of encryption technology that uses

simultaneous equations, where the degree is k from m number of equations. The
simultaneous equations can be solved if k numbers of equations are included in
these m equations. However, if any of these equations are altered, the results
diverge. The simultaneous equations are created and the algorithm for the
distribution destinations is applied at a high speed, thereby recording the information
to the network almost as soon as the consensus is formed.

Meanwhile, the distribution destinations are assigned on networks that are directly
interconnected and combined with hash functions. This makes the networks highly
resistant to alteration. Path optimization technology is used in the data distribution
and collection process to limit the decrease in immediacy that is usually an issue in
distributed data storage on P2P networks.

Is there better resolution for this

picture

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Keys to increasing the number of stores that accept
payments by cryptocurrency

Faster Payment:
The issue of immediacy is a huge obstacle to the diverse use of cryptocurrencies as
a suitable payment method. Most stores will not accept a payment method in which
the consumer must wait a long time for the payment to be completed.

One approach to the immediacy issue is to complete the payment at the time the
transfer is made, without waiting for block chain approval. However, this approach
means that the risk of transfer errors falls on the service operator, store or consumer.
This cannot be considered as an optimal solution.

TokenChat's payment service solves this issue with a hybrid system that combines a
truly discrete and decentralized system on a public block chain with off-chain system.
TokenChat secures internal assets on the public block chain and process transfers
of those assets as internal asset transfers in TokenChat. Through this hybrid system,
TokenChat achieves immediate payment via the block chain and guarantees the
safety of assets. Also, payment via the block chain does not generate transfer fees,
enabling the payment service to be provided continuously without transaction fees.

Lower Transaction Fees:

The current non-cash payment methods, credit cards and e-money, have transaction
fees of 2-5% and 2-4%
respectively.

TokenChat provides a cryptocurrency payment service with lower transaction fees

than these methods; this provides the key to popularization of payments by
cryptocurrency.

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Lower Cryptocurrency Fluctuations in Value:
TokenChat's payment system is linked to a main exchange with a proprietary
algorithm. The algorithm is implemented to control the risk of fluctuations in the value
of the cryptocurrencies.

Usage Example

Usage Example 1: Easy to Shop / Buy

Usage Example 2: Easy to Join ICO

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Overview and Sale
Conditions of Tokens

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TokenChat is a high-privacy and highly secure communication tool with a cryptocurrency payment function, location
matching function and instant messenger function.
TokenChat's payment function uses block chain technology developed by the company's own developers to
simultaneously guarantee assets and carry out a payment immediately. No transfer fee is generated in the block chain
when the payment is made, enabling the payment service to be provided continuously with no transaction fees.

This means that this platform provides solutions to the three issues that need to be overcome in order to make
cryptocurrencies widely distributed and used as a payment method: immediacy, transfer fees and fluctuations in
value.

The TokenChat tokens developed based on TokenChat (code: TOC) are altcoins based on our proprietary
decentralized payment platform. Widespread use for customer purchases in stores and as a currency exchange and
payment method in Asia is expected to increase the value associated with the use and distribution of the tokens.
The tokens are issued according to the ERC20 standard in the Ethereum block chain.
The use of the tokens will also enable service provision to be accepted in future; these tokens can be used for
investments and the advance payment for services.

Copyright © Bixer Pte. Ltd. 2018 27

Below are the total number of tokens issued for sale.

Issued tokens TokenChat tokens (code: TOC)

Total number of issued tokens 1,200,000,000TOC

Number of tokens planned to be sold Maximum: 600,000,000TOC, minimum: 25,000,000TOC

Sale price by ICO 0.0002ETH

However, the discount percentage differs depending on the sale period.

The sale of these tokens is also divided into different stages, the sales period and conditions for each stage are
described below:

1. ICO Part I

Sales period, 2018/2/22 to 2018/2/28

Sales price, 1 TOC = 0.00016 ETH
Discounts, 20%

2. ICO Part II

Sale period 2018/3/1 to 2018/3/7

Sale price, 1 TOC = 0.00018 ETH
Discounts 10%

The sales period will end when the token sales is completed or when the maximum sales figure is reached. If
25,000,000TOC cannot be sold, the Ethereum money will be returned less the transaction and network fees.

Date of Exchange Listings:

May 2018, TokenX Exchange https://tokenxpro.com/advexchange

15th July 2019, ECXX Exchange

https://www.ecxx.com/tradingview?symbol=TOC_ETH

Copyright © Bixer Pte. Ltd. 2018 28

These tokens will only be sold to prospective purchasers who have registered.

1. Advance registration
The purchaser must sign up for an Ethereum wallet.
An application for advance registration must then be completed on the special website set up by the seller
(https://tokenchatpay.com/). The following information needs to be provided:

1. The purchaser's personal email address

2. A login password for the special website set up by the seller

Advance registration has not been completed at this point; the seller must complete the admin procedures for to
complete the advance registration and send the purchaser a notification when this is completed. The purchaser's
advance registration is completed when this notification is received.

２. Purchasing TokenChat

Visit the special website set up by the seller (https://tokenchatpay.com/) and log in.
Send the Ethereum for these tokens to the sales address of the tokens from the Ethereum wallet sender address.
The QR code for transmission on Ethereum is displayed on the login page when token sales are about to start.
Visit the special website set up by the seller (https://tokenchatpay.com/) and log in.
Send the Ethereum for these tokens to the sales address of the tokens from the Ethereum wallet sender address.
The QR code for transmission on Ethereum is displayed on the login page when token sales are about to start.
The purchase amount of TOC is calculated individually for each deposit.
When a fraction that does not satisfy the selling price occurs when purchasing TOC, it will not be refundable.
The purchase amount of TOC will be confirmed at the time the person in charge of our company completes the
confirmation work after payment is confirmed for the sake of safety improvement.
Please wait for 1 ~ 2 business days from payment confirmation.
We will disclose how to receive the purchased token in Web Wallet.
For payment after the end of sale, we will refund the full amount.
However, please note that if the total of refundable amount is less than 0.01 ETH it will not be refundable.

The seller may restrict the transfer of these tokens for a fixed period after the sale period ends. The purchasers of these
tokens cannot transfer them to another Ethereum wallet when the transfer is restricted.

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 Breakdown of capital distribution

The distribution of the total number of tokens based on token sales and the ratios for each target.

Management Offered for Management

Team Public Sale Team

20% 25% Changes in ratios

over 5-year period

30% 80%
25%

Offered for Public Sale

Ecosystem Strategic partner
/ Community / Initial investor

Uses of capital

Capital gained through this ICO will be directly used as business capital.
The proposed use of this capital is shown below:

Uses of capital

Legal / Regulation

15%

15%
Operations 50%

20% Offered for Public Sale

Product development
/ marketing

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The Team

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 KELVIN TOH Director
Kelvin Toh started his career by joining a major Japanese brokerage firm after graduating from
the National University of Singapore. Fluent in English, Mandarin and Japanese, he went on to
be involved in FX fund management and subsequently spend the past few years in the Greater
China region, focusing on the development and application of cryptocurrency.

ERIC TAN Finance

Eric Tan started his career with PricewaterhouseCoopers and is now a Chartered Accountant of Singapore
and has more than 12 years’ experience in the finance industry; including his position as a Senior Investment
Manager at a Government owned Venture Capitalist Fund. He also has the sell side experience, serving as
the CFO of two Singapore Companies, syndicating successful fund raising of more than SGD 12 million in
investment monies in total.

WEILIANG HO Business·Development
Weiliang Ho has an extensive background of over 10 years in the finance industry, having worked at Citigroup,
UBS and Jefferies Investment Bank. He handled business development for the High Net Worth Individual
(HNWI) Market, as well as capital raising for property and commodity companies in Southeast Asia. He holds a
degree in Accounting from Nanyang Business School and also studied Finance at New York University.

ＳEAN CHAN Operation Manager

Sean Chan was a finance analyst working for a global bank in Shanghai, before moving back to Singapore
where he was in the regional business planning unit at Bridgestone Asia Pacific, and
also worked at one of the top law firms in Singapore as part of the corporate secretarial team. He
is an Economics graduate from Nanyang Technological University.

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