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<strong>White</strong> <strong>paper</strong> <strong>intercoin</strong>.eu<br />
Table of contents<br />
1 About us<br />
2 Intercoin platform<br />
2.1 Platform<br />
2.2 Terms and conditions<br />
3 Intercoin currency<br />
3.1 Specifications<br />
3.2 Backing protocol<br />
3.3 Gold Storage and allocation<br />
3.4 Intercoin online vault.<br />
4 Roadmap<br />
1 About us<br />
BCDS B.V. is owner of <strong>intercoin</strong>.eu and is located in the Netherlands.<br />
The team consists of 4 developers:<br />
Rudy Kessels<br />
Rudy is our main investor and co-owner of BCDS B.V.<br />
He has joined our company in december last year and is occupied with market<br />
development, innovation, user friendliness and safety.<br />
Wigle van der Meulen<br />
Wigle is our web developer and co-owner of BCDS B.V.<br />
He has joined us in february 2017 and has build our own cryptocurrency and is<br />
currently building <strong>intercoin</strong>.eu the webshop and more in the future.<br />
Ab Ahammad<br />
Ab is one of the co-founders of BCDS B.V.<br />
He is actively involved in cryptocurrencies since 2013 and will be responsible for<br />
marketing strategies and research and development.<br />
Nick Schapendonk<br />
Nick is one of the co-founders of BCDS B.V.<br />
He is actively involved in cryptocurrencies since 2015 and will be responsible for all<br />
public relations related topics, sales and consultancy.<br />
2 Intercoin platform.<br />
2.1 Platform<br />
Intercoin.eu is a new user friendly and safe platform to buy or sell cryptocurrencies.<br />
We use different payment methods to buy cryptocurrencies like iDeal, SEPA and<br />
many more.
You can sell cryptocurrencies directly to us and receive fiat currency to your bank<br />
account.<br />
Read all about this in our terms and conditions. (2.2)<br />
20% of our profit generated by <strong>intercoin</strong>.eu will be used for the backing of Intercoin.<br />
Read all about our currency. (3)<br />
Intercoin.eu will be expected to be operational in the first quarter of 2018.<br />
More about the platform will be revealed in due time.<br />
We always recommend our customers to beware of malicious websites and store<br />
their<br />
coins in an offline cold wallet storage device.<br />
On our platform we use (KYC/AML) Know Your Customer / Anti Money Laundering<br />
policy. This gives the customer the<br />
satisfaction of buying with an honest and legitimate party. The customer also has to<br />
register with us to be<br />
able to buy.<br />
The registration comes in 4 tiers.<br />
2.1.1 Tiers<br />
Tier 1<br />
The customer can register with his email address only and be able to buy and sell for<br />
a maximum of<br />
€ 100,- a day, or € 250,- a week. (iDeal only)<br />
Tier 2<br />
To become tier 2 you will have to send us a proof of residence and a copy of your ID<br />
card or passport.<br />
Once this is completed you can buy and sell for a maximum of € 1.500,- a day or €<br />
5.000,- a week. (iDeal and SEPA)
Tier 3<br />
For this level of verification we do a quick video chat where we need to see you and<br />
your ID/passport.<br />
If you buy with iDeal the maximum is € 5.000,- a day and € 25.000,- a week.<br />
And if you buy with SEPA the maximum is € 5.000,- a day and € 15.000,- a week.<br />
Tier VIP<br />
This is a custom verification level.<br />
Purchases of € 25.000,- or more will automatically make you a VIP customer.<br />
At this level there will be no limitations on purchases.<br />
To become a VIP you must contact us by chat,e-mail or phone.<br />
2.2 Terms and conditions.<br />
These general terms and conditions apply to anyone who visits the website<br />
Intercoin.eu or otherwise uses the services of Intercoin.eu.<br />
1. General<br />
1.1 These general terms and conditions apply to all services of Intercoin.eu. The terms<br />
and conditions are accessible to anyone and are included on the website of<br />
Intercoin.eu.<br />
1.2 By placing an order, you confirm that you accept the terms & conditions for<br />
supply and payment.<br />
Intercoin.eu reserves the right to change its supply and/or payment terms &<br />
conditions after the duration of the agreement has expired.<br />
Unless agreed to otherwise in writing, any general or specific terms & conditions by<br />
third parties will not be acknowledged by Intercoin.eu.<br />
1.4 Intercoin.eu guarantees that the supplied product fulfills the stipulations of the<br />
agreement and meets the specifications mentioned in the offer.<br />
2. Delivery<br />
2.1 Delivery is subject to availability (stock)<br />
2.2 Within the context of the rules on remote purchasing, Intercoin.eu will process<br />
orders at least within 2 business days of order placement.<br />
In the event that this is not possible (as a result of the ordered item not being in stock<br />
or not being offered anymore)<br />
or there is a delay because of some other reason or an order cannot or only partially<br />
be fulfilled, the customer will receive notification of this within 1 month after order<br />
placement,<br />
in which case the customer will have the right to cancel the order at no cost and<br />
without being in default.<br />
2.3 Intercoin.eu delivery obligations will have been met, barring any evidence to the<br />
contrary, once the products delivered by Intercoin.eu have been offered to the<br />
buyer once.<br />
2.4 All of the terms (periods of time) mentioned on the website are indicative only. No<br />
rights can be derived from the mentioned terms.
3. Pricing<br />
3.1 Prices will not be raised for the duration of the offer, unless legal measures make<br />
this necessary.<br />
3.2 All prices mentioned on the site are subject to misprint. Intercoin.eu does not<br />
accept any liability for the consequences of misprints.<br />
3.3 All prices on the site are stated in Euro or Canadian dollars.<br />
4. Data management<br />
4.1 Upon placing an order with us, your information will be recorded in Intercoin.eu<br />
customer database.<br />
Intercoin.eu complies with the Registration of Persons Act and will not give access to<br />
your information to third parties. Read our Privacy policy.<br />
4.2 Intercoin.eu respects the privacy of the users of its website and assures the<br />
confidential treatment of your personal information.<br />
5. Warranty and conformity<br />
5.1 Intercoin.eu guarantees that the products and/or services meet the conditions of<br />
the agreement, the specifications mentioned in the offer,<br />
the reasonable demands of reliability and/or usefulness and fulfill the legal rules and<br />
statutory regulations valid on the date of effect of the agreement.<br />
5.2 The buyer is obligated to immediately inspect the delivered goods upon receipt.<br />
If it is determined that the delivered goods are wrong, defective or incomplete,<br />
the buyer must first report this to Intercoin.eu by e-mail (before resorting to returning<br />
the goods to Intercoin.eu).<br />
Any defective or incorrectly delivered goods can and must be reported in writing to<br />
Intercoin.eu at the latest by 2 months after delivery.<br />
5.3 If complaints by the buyer are found to be legitimate by Intercoin.eu,<br />
Intercoin.eu will at its own discretion either replace the goods at no cost or enter into<br />
a written agreement with the buyer for compensation,<br />
with the understanding that Intercoin.eu liability, and therefore the compensation of<br />
damages, will be restricted to up to the invoice amount for the goods concerned,<br />
or alternatively (at Intercoin.eu discretion) up to the maximum amount allocated for<br />
such a case in Intercoin.eu liability insurance policy.<br />
Any liability of Intercoin.eu for any form of damages is excluded, including additional<br />
compensation for damages in any form whatsoever,<br />
compensation for indirect damages or consequential damages or lost profits.<br />
5.4 Intercoin.eu is not liable for damages caused by intent or by gross negligence on<br />
the part of subordinate personnel members.<br />
5.5 This guarantee does not apply if:<br />
A) and as long as the buyer is in default towards Intercoin.eu;<br />
B) the delivered goods were exposed to unusual circumstances or were otherwise<br />
not treated properly or handled in conflict with the instructions of Intercoin.eu;
C) the defect is entirely or partially the consequence of statutory conditions<br />
stipulated or to be stipulated by the government in relation to the nature or quality of<br />
the product or service.<br />
6. Offers<br />
6.1 All offers are at no obligation, unless stated otherwise in the offer.<br />
6.2 Upon acceptance of a no-obligation offer by the buyer, Intercoin.eu reserves the<br />
right to withdraw or deviate from the offer within 3 days after receipt of the<br />
acceptance.<br />
6.3 Oral commitments only obligate Intercoin.eu after these have first been explicitly<br />
confirmed in writing.<br />
6.4 Offers by Intercoin.eu do not automatically also apply to repeat orders.<br />
6.5 Intercoin.eu cannot be obligated to adhere to its offer if the buyer should have<br />
understood that the offer, or a part thereof, contained an apparent mistake or<br />
misprint.<br />
6.6 Additions, amendments and/or supplemental agreements are only valid if<br />
agreed to in writing.<br />
7. Agreement<br />
7.1 An agreement between Intercoin.eu and a customer will be entered into after<br />
the payment had been transacted by the buyer.<br />
7.2 Intercoin.eu reserves the right to reject orders without providing a reason.<br />
8. Force majeure<br />
8.1 Intercoin.eu will not be liable if and insofar as its commitments cannot be fulfilled<br />
as a result of force majeure.<br />
8.2 Force majeure shall be understood to mean any foreign cause, as well as any<br />
situation, which within reason ought to not be attributed to Intercoin.eu.<br />
Delays or unsatisfactory performance by our suppliers, interruptions in internet, power<br />
and e-mail disruptions, equipment and technology supplied by third parties,<br />
transport options, workplace strikes, government actions, supply delays, negligence<br />
by Intercoin.eu suppliers and/or manufacturers as well as help personnel,<br />
staff absence due to illness, lacking work or transport resources all explicitly count as<br />
force majeure.<br />
8.3 In the event of force majeure, Intercoin.eu reserves the right to suspend its<br />
obligations and will have the right to wholly or partially dissolve the agreement,<br />
or to require that the content of the agreement is changed such that execution is still<br />
possible. Intercoin.eu will never be required to pay any fine or compensation for<br />
damages.<br />
8.4 If Intercoin.eu has partially fulfilled its obligations, or can only partially fulfill its<br />
obligations, at the time of commencement of the force majeure,<br />
Intercoin.eu has the right to invoice the already delivered/to be delivered part<br />
separately, and the buyer will be required to pay this invoice as if it was a separate<br />
contract.<br />
This does not apply however if the already delivered/to be delivered part does not<br />
have value on its own.
9. Liability<br />
9.1 Intercoin.eu is not liable for damages caused to objects by improper use of the<br />
goods or services. Read the terms and conditions, FAQs and the privacy policy prior<br />
to use.<br />
10. Applicable law/competent judge<br />
10.1 All agreements are subject to Dutch law in the Netherlands.<br />
10.2 Any disputes arising from an agreement between Intercoin.eu and the buyer<br />
which cannot be settled in mutual negotiation will be heard by the competent judge<br />
within the jurisdiction of Helmond, unless Intercoin.eu prefers to present the dispute<br />
before the competent judge in the city of residence of the buyer,<br />
with the exception of those disputes that fall under the competence of the district<br />
court judge.<br />
11. Buying cryptocurrencies<br />
11.1 The market rates of the cryptocurrencies fluctuate; the values vary at any given<br />
moment. Intercoin.eu does not guarantee the future value of any cryptocurrency in<br />
any way.<br />
11.2 Intercoin.eu uses current market rates. These can vary at any given moment.<br />
11.3 Always enter your own address when buying cryptocurrencies. By entering an<br />
address that is not your own, you do so entirely at your own risk.<br />
11.4 A processed payment is not reversible. It is your own responsibility to enter in all<br />
the required information correctly.<br />
11.5 In the event of suspicion of abuse or fraud, Intercoin.eu reserves the right to<br />
suspend transactions until the legitimacy of the transaction has been verified.<br />
11.6 A bank account can only be used for one Intercoin.eu account. Your order will<br />
be blocked if you use your bank account for more than one Intercoin.eu account.<br />
11.7 You declare to be the owner of the bank account that is used and to have<br />
truthfully entered all the required information.<br />
12. Selling cryptocurrencies<br />
12.1 The market rates of cryptocurrencies fluctuate; the value can vary at any given<br />
moment. Intercoin.eu uses the current rate at the time of payment.<br />
This may differ from an indication given previously.<br />
12.2 The coins must be received within 15 minutes after the offer. If not, they will be<br />
returned and no pay out will take place.<br />
12.3 Pay-out typically takes place on the same business day that all coins have been<br />
received (at most within 2 business days thereafter).<br />
For larger transactions (from € 10.000,- ), we recommend you to contact us.<br />
12.4 Providing the correct information for receiving pay-outs is your own responsibility.<br />
Any damages incurred as a result of the incorrect entering of this information will not<br />
be compensated by Intercoin.eu.<br />
12.5 You declare that the coins you are offering have been legitimately acquired<br />
and that no input tax has been deducted from them.<br />
12.6 You declare to be the owner of the bank account number or Paypal account<br />
provided by you and to have truthfully entered all the required information.
12.7 In the event of suspicion of abuse or fraud, Intercoin.eu reserves the right to<br />
suspend transactions until the legitimacy of the transaction has been verified.<br />
12.8 You must send the coins to the address specified by us. We will transact your pay<br />
out as soon as possible after we have received all confirmations and all the coins.<br />
12.9 A processed payment is not reversible. It is your own responsibility to enter in all<br />
the required information correctly<br />
13. Validation Intercoin.eu aims to make the buying and selling of cryptocurrencies<br />
as easy and fast as possible. Unfortunately,<br />
this is sometimes also abused to commit fraud or money laundering. In order to<br />
guarantee the continuity of our business operations,<br />
it is therefore highly important that fraud and money laundering is deterred. To<br />
achieve this we have implemented (amongst other measures) the following rules:<br />
13.1 Intercoin.eu will not accept cash payments.<br />
13.2 Intercoin.eu reserves the right to initiate an investigation in the event of suspicion<br />
of fraud or laundering. Intercoin.eu may request information to verify your identity.<br />
13.3 In the event of confirmation of fraud or laundering, the transaction will be<br />
immediately frozen and this will in all cases be reported to the authorities or relevant<br />
parties.<br />
14. Bancontact/Giropay/Sofort<br />
14.1 Orders over € 50,- require text verification.<br />
14.2 When multiple orders totaling over € 50,- are placed within 24 hours from a<br />
single bank account number, text verification is required.<br />
14.3 When multiple orders totaling over € 50,- are placed within 24 hours to a single<br />
cryptocurrency address, text verification is required<br />
14.4 Text verification is intended as a threshold for criminals. You will be asked to<br />
provide your cell phone number so that we can send you a code;<br />
you then have to enter the code on the website. The code is sent immediately by<br />
text and does not cost you anything.<br />
We only use the telephone numbers in the event of suspicion of fraud or other<br />
criminal activities.<br />
The telephone numbers are automatically removed if there is no question of money<br />
laundering or fraud.<br />
15. iDeal<br />
15.1 In order to validate your account, you must perform a one-time text verification.<br />
16. SEPA<br />
16.1 You will have to upgrade your account to level 3 for the SEPA payment option<br />
to be available for your account.<br />
16.2 When you enter a SEPA order, you enter into a purchase agreement with<br />
Intercoin.eu.<br />
This means that a SEPA order cannot be cancelled anymore once it has been<br />
entered and you are obligated to pay.<br />
16.3 When you have accessed the order screen, payment has to be carried out<br />
within 15 minutes. Once you have paid, please click the button “I have paid”.
16.4 The SEPA order is finalised once you have clicked the “I have paid” button.<br />
16.5 Please state the order-ID, which you will find in the order overview, in the<br />
description for the bank transfer.<br />
16.6 Any loss suffered by entering and not paying for the order will be recovered from<br />
you.<br />
16.7 If you do not pay after entering a SEPA order, this payment option will be<br />
permanently disabled for your account.<br />
16.8 The coins will be sent as soon as the agreed amount has been credited to the<br />
Intercoin.eu bank account.<br />
16.9 Orders over € 50 require sms-verification.<br />
16.10 You cannot enter a new SEPA order until the previous one has been cancelled<br />
(when you have not clicked on the “I have paid” button yet)<br />
or if the order has been completed (when it has been paid for and the coins have<br />
been sent).<br />
17. INTERAC Online<br />
17.1 Orders over 50 euros require text message verification.<br />
17.2 When multiple orders totaling € 50 / C$ or more are placed to a single<br />
cryptocurrency address within 24 hours, text message verification will be required.<br />
17.3 Text verification is intended as a threshold for criminals. You will be asked to<br />
provide your cell phone number so that we can send you a code;<br />
you then have to enter this code on the website. The code is sent by text<br />
immediately and does not cost you anything.<br />
We only use the telephone numbers in the event of suspicion of fraud or other<br />
criminal activities.<br />
17.4 Orders placed from an unverified account will be sent after 24 hours.<br />
3 Intercoin the currency<br />
The main idea behind the cryptocurrency Intercoin is to back the currency with<br />
precious metals and various assets.<br />
Because of other cryptocurrencies volatility we wanted to create a coin with a<br />
stable and growing bottom price.<br />
3.1 Specifications<br />
Ethereum ERC 223 based token<br />
Acronym: INTC<br />
Total coins premined: 195.000.000<br />
Source code:<br />
pragma solidity ^0.4.11;<br />
contract ContractReceiver {<br />
struct TKN {<br />
address sender;<br />
uint value;<br />
bytes data;<br />
bytes4 sig;<br />
}
function tokenFallback(address _from, uint _value, bytes _data){<br />
TKN memory tkn;<br />
tkn.sender = _from;<br />
tkn.value = _value;<br />
tkn.data = _data;<br />
uint32 u = uint32(_data[3]) + (uint32(_data[2])
}<br />
function SetupToken(string _tokenName, string _tokenSymbol, uint256<br />
_tokenSupply)<br />
{<br />
if (msg.sender == owner && setupDone == false)<br />
{<br />
symbol = _tokenSymbol;<br />
name = _tokenName;<br />
totalSupply = _tokenSupply * 1000000000000000000;<br />
balances[owner] = totalSupply;<br />
setupDone = true;<br />
}<br />
}<br />
function name() constant returns (string _name) {<br />
return name;<br />
}<br />
function symbol() constant returns (string _symbol) {<br />
return symbol;<br />
}<br />
function decimals() constant returns (uint8 _decimals) {<br />
return decimals;<br />
}<br />
function totalSupply() constant returns (uint256 _totalSupply) {<br />
return totalSupply;<br />
}<br />
function transfer(address _to, uint _value, bytes _data) returns (bool success) {<br />
if(isContract(_to)) {<br />
return transferToContract(_to, _value, _data);<br />
}<br />
else {<br />
return transferToAddress(_to, _value, _data);<br />
}<br />
}<br />
function transfer(address _to, uint _value) returns (bool success) {<br />
bytes memory empty;<br />
if(isContract(_to)) {<br />
return transferToContract(_to, _value, empty);<br />
}<br />
else {<br />
return transferToAddress(_to, _value, empty);<br />
}<br />
}
function isContract(address _addr) private returns (bool is_contract) {<br />
uint length;<br />
if (balanceOf(_addr) >=0 )<br />
assembly {<br />
length := extcodesize(_addr)<br />
}<br />
if(length>0) {<br />
return true;<br />
}<br />
else {<br />
return false;<br />
}<br />
}<br />
function transferToAddress(address _to, uint _value, bytes _data) private returns<br />
(bool success) {<br />
if (balanceOf(msg.sender)
- 50% Of every Intercoin purchase will be backed by physical assets.<br />
The division of the income to these assets will be decided by the Intercoin team in<br />
the coins best interest.<br />
That way the bottom price will remain as high as possible.<br />
- 30% Of every Intercoin purchase will go to other various assets.<br />
The income of these various assets will also be chosen and divided by the team in<br />
the coins best interest.<br />
- 20% Will be made available for the development team to work on the roadmap.<br />
This section of the income will cover overhead, R&D, Expanding and updating the<br />
website,advertising, administration and anything we need to build a strong<br />
community.<br />
Proof of backing.<br />
The total of all backing assets will be linked to Intercoin and the current value of<br />
each will be displayed to the public on www.<strong>intercoin</strong>.eu. (Q1 2018)<br />
The value of these backing assets divided by the total circulating coin supply will<br />
generate the bottom price.<br />
The bottom price is the price you can get for your coins on www.<strong>intercoin</strong>.eu. The<br />
sales price on the website will be the accumulated average of the current price on<br />
trading platforms.<br />
Under no circumstances will funds be withdrawn from the total backing value.<br />
Not even when Intercoins are sold back to us. In this case the backing value to<br />
circulation supply ratio will increase and the coin price goes up.<br />
Note:by using this system we are limited at buying back Intercoins in the first period.
3.3 Gold Storage and allocation<br />
In order to be transparent we need to store precious metals in a way that we can<br />
show investors how much value is backing our currency.<br />
Investors will be able to check that value with the legal ownership documents.<br />
These documents will be made public by BCDS B.V. and updated with every<br />
transaction.<br />
AmsterdamSafe is the company we decided to store our precious metals because<br />
they are under supervision of Autoriteit Financiele Markten (AFM),<br />
accountants Ernst and Young and the London Bullion Market Association (LBMA).<br />
Schöne Edelmetaal B.V. will be testing the metals on their quality to be sure they live<br />
up to the markets standards.<br />
AmsterdamSafe is owned by AmsterdamGold and they are the front runner in the<br />
precious metal industry in The Netherlands for years.<br />
AmsterdamSafe is registered in the Netherlands at the Kamer van Koophandel under<br />
Kvk number 37094722.<br />
You can find everything about this company at www.amsterdamsafe.nl.<br />
3.4 Intercoin online vault.<br />
Intercoin online vault will offer your coins extra safety.<br />
Users will be able to store their <strong>intercoin</strong>s online.<br />
Your physical assets in <strong>intercoin</strong> will be insured up to 60%.<br />
The vault will be operational at the end of the first quarter of 2018.<br />
Rules of storage will be in line with (KYC/AML) so full registration is needed.<br />
More info about the online vault will be revealed in the first quarter of 2018.
4 Roadmap<br />
- Q4 of 2017 : Pre investors sale started.<br />
The pre investors sale will end at 31-12-2017.<br />
- Q1 of 2018 : Launch of Intercoin.eu webshop.<br />
- Q1 of 2018 : Launch <strong>intercoin</strong> online Vault.<br />
- Q2 of 2018 : Official start backing protocol.<br />
- Q3 of 2018 : Mystery item 1 will be revealed.<br />
- Q4 of 2018 : Mystery item 1 will be finished.<br />
Mystery item 2 will be revealed.<br />
- Q1 of 2019 : We will ask the community to send in ideas for our next mystery item on<br />
the roadmap.<br />
The winning idea will be rewarded with 1000 Intercoins.<br />
- Q2 of 2019 : We will reveal when mystery item 2 will be ready.<br />
This will not be the end of the roadmap.<br />
The rest will come in due time......