W H I T E P A P E R 2.

1
.

CONTENTS

I. DISCLAIMER....................................................................................................................... 3

II. THE TRADING MARKET.................................................................................................. 6

III. THE CRYPTOCURRENCY MARKET............................................................................. 11

IV. GECO.ONE........................................................................................................................ 13

1. THE FUTURE OF FINANCIAL INVESTMENTS............................................ 14

2. WHAT IS PAMM TRADING............................................................................ 17

3. WHY SHOULD YOU INVEST IN PAMM?.................................................... 22

4. GECO.ONE........................................................................................................ 25

V. TOKEN ECONOMY MODEL............................................................................................ 26

1. PROVEN BLOCKCHAIN SOLUTIONS.......................................................... 27

2. ACCESS.............................................................................................................. 28

3. UTILITY............................................................................................................... 29

4. SALE STRUCTURE.......................................................................................... 31

5. FUNDS DISTRIBUTION.................................................................................. 34

6. FUTURE DEVELOPMENTS............................................................................ 35

VI. BUSINESS TEAM............................................................................................................. 36

VII. ADVISORS & DEV TEAM............................................................................................ 44

VIII. PARTNERS...................................................................................................................... 46

IX. RISK FACTORS................................................................................................................ 48

2
 IDISCLAIMER
The information outlined in evaluation of a transaction on

this Whitepaper may not be acquiring of the GEC tokens.

exhaustive and does not imply Before acquiring the GEC to-

any elements of a contractu- kens, a prospective purchaser

al relationship. The content of should consult with his/her le-

this Whitepaper is not binding gal, investment, tax, accounting,

Geco One OU registered in Es- moreover, other advisors to de-

tonia. Limited (“GEC Company” termine the potential benefits,

or “GECO”) and its affiliates and burdens, and other consequenc-

GEC reserve the right to change, es of such transaction.

modify, add, or remove portions Nothing in this Whitepaper shall

of this Whitepaper for any rea- be deemed to constitute a pro-

son at any time before, during or spectus of any sort or a solicita-

after the sale of GEC tokens by tion for investment, nor does it

posting the amended Whitepa- in any way pertain to an offering

per on the website. or a solicitation of an offer to buy

This Whitepaper does not con- any securities in any jurisdiction.

stitute investment, legal, tax, This document is not composed

regulatory, financial, accounting in accordance with and is not

or other advice, and this White- subject to, laws or regulations

paper is not intended to provide of any jurisdiction which pro-

the sole basis for any hibits or in any manner restricts

3
 transactions in respect of, or by applicable laws or regula-

with the use of, digital tokens. tions. If such restricted person

The GEC token is not a digital purchases the GEC tokens, such

currency, security, commodity, a restricted person has done so

or any other kind of financial on an unlawful, unauthorised

Instrument and has is not regis- and fraudulent basis and in this

tered under the Securities Act of regard shall bear negative con-

1933, the securities laws of sequences.

any state of the United States of GEC neither offers or distributes

America or the securities laws of the GEC tokens nor carries on a

any other country, including the business (activity) in any

securities laws of any jurisdic- regulated activity in Singapore,

tion in which a potential token in the People’s Republic of Chi-

holder is a resident. na or in other countries and ter-

The GEC token is not being of- ritories where transactions in

fered or distributed to, as well respect of, or with use of, digital

as cannot be resold or other- tokens fall under the restrictive

wise alienated by their holders regulations or require from GEC

to, citizens of, natural and legal to be registered or licensed with

persons, having their habitual any applicable governmental

residence, location or their seat authorities.

of incorporation in the country Each purchaser of the GEC

or territory where transactions tokens is reminded that this

with digital tokens are prohibit- Whitepaper is presented to him/

ed or in any manner restricted her on the basis that he/she is a

4
 person into whose attention the Whitepaper is the primary offi-

document may be cial source of information about

lawfully presented in accord- the project.

ance with the laws of the pur- The information contained in

chaser’s jurisdiction. It is the English language Whitepaper

responsibility of each potential may from time to time, be trans-

purchaser of the GEC tokens to lated into other languages. In

determine if the purchaser can the course of such translation,

legally purchase the GEC tokens some of the information con-

in the purchaser’s jurisdiction tained in the English language

and whether the purchaser can Whitepaper may be lost, cor-

then resell the GEC tokens to rupted or misrepresented.

another purchaser in any given The accuracy of such alterna-

jurisdiction. tive communications cannot be

Certain statements, estimates guaranteed. In the event of any

and financial information con- conflicts or inconsistencies be-

tained in this Whitepaper con- tween such translations and the

stitute forward-looking state- official English language White-

ments or information. Such paper, the provisions of the Eng-

forward-looking statements or lish language original document

information involve known and shall prevail.

unknown risks and uncertainties

which may cause actual events

or results to differ materially

from the estimates or the results

implied or expressed in such for-

ward-looking statements or in-

formation. The English language

5
 II
THE TRADING
MARKET

Market refers to varieties of sys- advantages and disadvantages.

tems, which may involve institu- The ultimate advantage of any

tions, individuals, firms, compa- market is for traders to gain in

nies and other establishments, their transaction; while the ulti-

which engage in the exchange mate disadvantage, is a loss.

of goods and services. Market The stock market is a market

systems may involve infrastruc- that gives one the opportunity

tures, social relations and pro- to have an investment in a com-

cedures that establish for the pany or firm. The first important

purpose of exchange. Several step of the stock exchange is for

markets are coming to exist- a company to decide to go pub-

ence on a daily basis most es- lic or allow others to contribute

pecially in the cryptocurrency and as a result, become a share-

sphere. The stock market, Forex holder in the company. The per-

and Ventures are 3 examples of formance of the national stock

markets, where the buyers and exchange is a reflection of the

sellers might not necessarily be country’s economy.

in physical contact. The policies The stock exchange can be on

that guide trading in different a formal platform, or over the

markets widely varies from one counter market exchange.

to another. Each has its potential The stock market is indispensa-

6
 ble to a free market economy. The stock exchange as is common-

ly referred to as equity market; allows the company to get money

in exchange for counting the investor as part of the owners of the

company.

7
 S
Stock markets have two sec-

tions, which are the primary and

secondary sections. When com-

panies bring out their shares for

garding the uncertainty of the

outcomes of the business.

The venture may include some

business structures such as lim-

sale, the new issues are almost ited partnership, corporation,

entirely purchased by big insti- limited liability company, sole

tutions. Many other transactions proprietorship, limited liability

involving the buying and selling limited partnership, trust, mu-

of these shares by these institu- nicipality, joint ventures and

F
tions categorised as a secondary many more.

section.

The opening price stock is the Forex, as it was earlier defined, is

total of the shares sold by the the exchange of foreign curren-

company and the company’s cies. Forex is a vast trade plat-

worth. Shareholders receive part form that thrives on fluctuations

of the profit made by the firm at of the exchange rate of coun-

V
the end of the trading session. tries currencies. The investment

capital in Forex is in the form of

Venture is a business strategy, liquid cash. The transactions in

where investors put money in a forex trading system take place

lot of small businesses, with the mainly online. The change in the

aim of maximising profit and exchange rate is determined

minimising the risk of loss in objectively based on demand

total. The investors in business and supply. Forex has a colossal

ventures sign undertaking re- trade volume of about $5 trillion

8
 per day. It is quite tricky for big

firms, company or single individ-

uals to manipulate.

Forex, Stock market and ven-

tures are all markets for trad-

ing, but the procedures, means,

and systems of trading are far

different from one another; de-

terminant of profitability also

differs. Large firms are unable

to manipulate the shares in the

stock market easily, and ven-

tures are affected by various

factors which may be difficult to

foresee logically. The extreme li-

quidity of the currency on forex,

coupled with leverage that pro-

pels the market’s rapid growth,

makes it the perfect platform

for many traders. Forex offers a

form of over the counter market

that runs for 24 hours of the day.

It makes trading to go on quick-

er during regular working hours

in different countries.

9
 As an experienced investor, I know that the PAMM system currently

operating on the Forex market has made it easier for millions of people

who did not have the time and enough knowledge to multiply their sav-

ings effectively. By implementing the PAMM system for cryptographic

currency trafficking as the first in the world, we have created the oppor-

tunity to invest and effectively multiply

our financial surpluses on the most

difficult and fastest growing market.

That is an excellent opportunity for

everyone, regardless of whether they

know traiding, the ability to analyse

data or the courage to make an in-

vestment decision. Our GECO.ONE

platform with the PAMM system will

allow the investors operating in the

crypto world to increase profits, thus

increasing the number of modern

Millionaires!

Rafał Kołakowski
Chairman

10
 III
THE CRYPTOCUR-
RENCY MARKET

The existence of bitcoin is no makes it impossible to alter re-

news to anyone anymore in the cord at will. A ledger is a collec-

21st Century, almost everyone tion of accounting entries con-

heard about it, but most don’t sisting of credits and debits.

understand the potential and

advantage of this new means of Blockchain refers to a chain of

value. Bitcoins advantage is that blocks, with one block connect-

Bitcoin and all the other cryp- ed to another. A block records

tocurrencies have a means of all or some of the recent trans-

transportation built-in. Meaning actions once is a block com-

that for the first time in human pleted, it joins the chain as a

history the is no need for a “mid- permanent database, and a new

dlemen” when it comes to trans- one gets generated. The num-

ferring of value from one entity ber of blocks in the blockchain

to another. that connects is countless and

are correctly and perfectly ar-

The blockchain is a decentral- ranged, in chronological order.

ised digital ledger of transac- Every block contains a piece of

tions that is distributed publicly the previous block. The block-

across many computers, which chain has complete information

11
 about different user addresses

and their balance from the be-

ginning to the most recently

completed one.

The Blockchain is a technologi-

cal development that deals with

making transactions resistant to

manipulations, it democratises

and decentralises transaction

processes, in a bid to remove

“The middlemen “and allow

transaction without central au-

thorities.

It is the technology behind the

existence of virtual currencies

such as Bitcoin, Litecoin, Ethere-

um, and other virtual currencies.

These currencies are known

as cryptocurrencies. The most

significant benefits of these

currencies are that they do not

involve financial institutions as

intermediaries.

12
 IV
GECO.ONE

Have you ever heard about people passive-

ly making money through PAMM trading sys-

tem and you seem not to know much about it?

Do you feel like doing profitable busi-

ness with your money without any stress?

13
 1
THE FUTURE OF
FINANCIAL
INVESTMENTS

Geco.one is a platform that enables You can choose the trader’s account,

you to securely invest in the crypto- and give him the ability to invest

currency market using the skills and your money together with his own.

knowledge of experienced traders. You can stop your investment’s any

Our flagship service called PAMM time you want.

trading account, allows you to invest

in cryptocurrency pairs by entrust-

ing resources to experienced trad-

ers as well as providing you with all

the tools necessary to become cryp-

to-trader yourself.

Imagine giving your money to a trad-

er, so he can make a profit for you

when he makes one for himself — in-

troducing PAMM by Geco.one.

Use our tools to analyse the history

of failures and successes of any trad-

er in a chosen period and a specific

area of your interest.

14
 When I analysed the cryptocurrency market as an active

trader in Citibank, I noticed its enormous potential and the

possibility of generating above-average profit. I know, how-

ever, that the chance of making such large profits requires

tremendous experience over risk control. When we analysing

the available trading solutions for cryptocurrency market, we

not found solutions that allow inexperienced investors to co-

operate with experienced traders. That’s

why we asked ourselves a question: “If

the PAMM system worked well in the

Forex market, why should not the same

solution be implemented in the crypto

market?” This is how the Geco.one pro-

ject was born.

Marcin Wituś
CEO

15
 Crypto assets PAMM system
PASS platform
API trading for Crypto Trading Platform
for traders
system assets

PAMM Trading platform simplified schematics

Geco.one is a multi-exchange trading platform

with PAMM accounts facility, where traders are

ready to do all the hard work for you.

Traders will be able to create a limitless number

of PAMM accounts making opportunities for an

investor to profit from their skills and hard work.

Thanks to a connection with multiple exchang-

es, traders can run several PAMM accounts on

different platforms/exchanges simultaneously

without any disruption.

16
 2
WHAT IS PAMM
TRADING

The original concept of a PAMM sys- or no idea about the trading market.

tem was invented in October 2008 Trade marketing is business to busi-

by Dmitry Orlov during his tenure ness marketing, where activities are

at Alpari, the concept having since aimed at increasing the demand

then become widely recognised as for products among various supply

a vital tool for managers / traders chains. The most significant trading

and investors. markets in the world are the curren-

PAMM is an abbreviation for “Per- cy trading markets. They deal with

centage allocation management the exchange of one currency for

module” or “Percentage allocation another; for example, exchange of

money management”. It is as sim- Dollar for Euro.

ple as having highly skilled and ex-

perienced trader(s) managing your

money for you when you have little

Alpari was first to introduce PAMM

trading accounts in Forex space
and Geco.one is the first to intro-
duce PAMM trading accounts in
cryptocurrency world.

17
 PAMM trading platform is the a single platform.

place where skilled traders who The number one goal of a trad-

have limited starting capital, ing establishment is to make

meet investors with little time a profit, as a result of this, the

for exchange trading but want traders / managers of PAMM ac-

to trade and make a profit. counts, are highly skilled

Different managers can hold professionals.

multiple PAMM accounts within

Choose your Trader: Invest your money:

A Trader creates a PAMM PAMM account shares of Investors choose a Trader

account, starts trading, the manager and their in the PAMM account rat-
and designs their proposal investors ings and invest money in
for investors. their account.

Example of PAMM account shares

The PAMM trader provides the about the trader. Investors are

investors with the resume, in- at liberty, to have more than one

vestment profile, previous in- trader to manage their invest-

vestors ratings and comments ments, allocating proportions of

18
 their investment to the traders part of the traders and the in-

as they deem fit. Although, there vestor get fulfilled accordingly.

might be a minimum amount of A trader must have at least a

money an investor certain amount of personal in-

can start with, there is no limit vestment with the PAMM firm. A

to the maximum of investment. trader can manage and receive

The PAMM trader act as inde- profit from their account and in-

pendent guarantor, to make vestors accounts.

sure that the obligations on the

Traders don’t have access to investors’ money. They cannot

withdraw it at any point.

However, the profit made after a trading session is shared be-

tween the trader and the investor using the designated per-

centage share stated from the onset by the PAMM trader.

Geco.one
fee 0.01%

0.01 % BTC
20 %

BTC 1,500 BTC 12 % BTC

60 + 108
300 + 600 60 %

Trader can set a success 8%

fee of 5-50% of earned
profit BTC

60 + 64

Return of Investments = Investment + Profit - Geco.one fee & Trader’s success fee

19
 EXAMPLE

Mr A may invest 500 BTC with a 700 BTC and Mr C based on the

manager X, and also invest 1000 proportion of their investment

BTC with manager Y, while Mr B (ratio of 10:7).

invests 3000 BTC with manag- Mr A gets 411.76 BTC, and Mr C

er X and does not invest with a gets 2 88.24 BTC as profits from

manager Y, Mr C make 700 BTC manager Y.

investment with manager Y. At the end of the trading ses-

The percentage share of the sion, Mr A’s money is the total

profit may be 30% to a manag- of the capital and the profits i.e

er and 70% to an investor. At the 500+1000+46.67+411.76 = 1958.43

end of the trading session, as- BTC.

suming the profit made by man-

ager X is 200 BTC. In summary, Mr A invested 1500

Manager X takes 30% of 200 BTC with two traders account on

BTC which is 60 BTC, while the a PAMM platform, and makes a

remaining 140 BTC is shared by profit of 458.43 BTC at the end

Mr A and Mr B in the proportion of the trading session, a month

of their investment with manger for example, by approving some

X, a ratio of 1:2 i.e. 500/1000. traders provided by the PAMM

Mr A gets 46.67 BTC (1/3 of 140 firm to manage different propor-

BTC) and Mr B 93.33 BTC (2/3 0f tions of their investment; while

140 BTC) as a profit of invest- Mr B picked a manager from the

ment with manager X. PAMM firm to manage his 3000

If manager Y makes 1000 BTC BTC and gains 93.33 BTC at the

profit; he takes a 30% (300 BTC) end of the trading session.

and Mr A shares the remaining

20
 TRADING TOOLS

A significant number of addi- recognise the magnitude of pos-

tional tools is made available sibilities and use Geco.one regu-

for all users of Geco.one PAMM larly. Investors gain all the data

trading platform. Features like necessary to be able to assess

marginal trading, funding from the traders and managers at the

multiple investors, complex tips of their fingers. Features like

PAMM account merging options overall score, consistency, style

to name a few, making it the of trading are just a few of the

most comprehensive set of tools broad spectrum of the possible

for trading cryptocurrencies on analysing mechanism.

multiple exchanges. Experts

21
 3
WHY SHOULD YOU
INVEST IN PAMM?

PAMM is a platform that allows your constant attention, elim-

professional treader to work inating any mental or physical

with your money and make you stress related to investment in

a profit without the demand for the crypto market.

Traders needs to put his own Investors can drop out when-

money on the table. ever they want to

Flexible money management: Experience can be verifiedbas-

access to multiple traders ed on history. Investors can

see the history of trader’s in-

vestments

KEY PRINCIPLES OF PAMM

The PAMM account is a trading the investor and the trader. The

system, where the trader acts as rules and regulations of the in-

independent guarantor, making vestment and trading are pro-

sure that the investor and the vided by the firm to ensure that

trader fulfil their commitments. everything goes smoothly for

It implies that the system is a both parties.

well-regulated to prevent mis-

understanding and deviation The PAMM system provides

from the agreement between the investor with the multiple

22
 numbers of traders to choose from. capital for investment themselfs.

Not only that, numbers of traders are Experienced investors tend to keep

made available to select from, infor- away from traders who have a small

mation about the traders such as the amount of own fund in the PAMM ac-

amount invested by the traders, the count.

previous performance of the trader, The PAMM trader facilitates the trad-

the number of years of his trading, ing activity of the managers within

the rating and previous investors the purview of defined rules and reg-

comment about the trader are all ulations. The investor may face the

made available for the investors to risk of loss from his investment fund;

see. That gives the investors an ad- however, as earlier explained, the

vantage of selecting from the best of money is in the hands of profession-

traders provided by THE PAMM firm. als, so the chance of making a profit

The investor also has the liberty of se- is far higher than the chances of a

lecting more than one manager as a loss. Apart from providing the plat-

means of maximising profit and min- form for interaction, they also make

imising the risk of losing. The trader the manager’s account transparent

is forced to pay serious attention and to the investors.

be more careful while taking the cal- There is also a regulated, flexible de-

culated risks of trading with the in- posit and withdrawal of funds in and

vestments he’s liable for managing out of the trading account at inves-

because a sizable amount of the in- tors disposal.

vestment comes from his pocket. So, The manager can’t trade with the

a risk to one is a risk to all, so is profit money that is not allocated to him

for one is profit for all. in the pool account. That means that

The investors can sleep safe, know- the manager cannot take money

ing that their money is in the hands from the investors trading account,

of professionals, who also happen except the

to have a significant share of the proportion that is allocated to him.

23
 EXAMPLE

If Mr A has 4000 BTC in his trading the investors have the liberty to pick

account and allocated 500 BTC to their managers, the managers can

manager X, manager X cannot ac- also choose whether to accept an in-

cess and take anything from the re- vestment from a trader or not.

maining 3500 BTC that is left in the

trading account of Mr A.
The ultimate goal of the PAMM
The managers might set a minimum
trading system is to serve as a
amount, and an investor must allo-
platform to ensure constant li-
cate it before they can manage their
quidity of cash, transparent trans-
funds. Sometimes, the managers
actions and maximisation of prof-
can also set a limit for the maximum
it for investors.
amount of money they accept from

investors. It should be noted that as

“Creating a platform with PAMM accounts that operate on the cryptocur-

rency market is a very demanding and challenging task. It requires excellent

cooperation between a team of IT specialists and experienced investors. We

have the team that guarantees the success of our project, IT specialists in

“Blockchain” technology, a public and open register that anyone can access

allowing fast & transparent transactions and a group of highly experienced

investors who will provide professional service to inexperienced users from

the very beginning. If you are a novice investor and do not want to learn how

to invest into cryptocurrency or you want to invest, but don’t have time for it,

PAMM managed accounts are the best investment solution for you”

Tomasz Bialik

24
 4GECO.ONE
Users ! Trading PAMM platform Crypto exchange

Crypto
Coins f rom trader exchange 1
and investor
Trader
Crypto
exchange 2
ProÞt fee
Coins
Transactions Crypto
exchange 3

Investor Crypto
ProÞt fee
exchange 4

The cryptocurrency PAMM account trading platform.

Every single PAMM account has a history which is kept open for

viewing to allow investors to use all available data to analyse the

probability of the success.

GECO.ONE PAMM ACCOUNTS SAVES INFORMATION ABOUT:

Trading Profability

Drawdown criteria Equality

Those criteria enable any user to less risky.

analyse the success or failure be- The equity level on the account

hind the operator/investor. The defines the role in the account.

trading history allows to analyse The higher the equity value, the

the PAMM account age and de- more own capital PAMM man-

fine if the trader who operates it ager risks during trading. Also,

is someone with experience. the number of investors who are

Drawdown and profitability en- already on the account can indi-

able you to analyse the risk po- cate if the trader has the confi-

tential and investor strategy and dence to deliver the promised

define if accounts are more or results.

25
 VTOKENMODEL
ECONOMY

26
 1
PROVEN BLOCKCHAIN
SOLUTIONS

Geco adopts the Ethereum The Geco.one platform is devel-

Blockchain and ERC-20 token oping a unique utility token us-

protocols standards to build a able inside the ecosystem of the

utility token. Its primary purpose platform. The token developed

is the utilisation of the platform on the Ethereum network and

and internal ecosystem. We according to the ERC20 Stand-

want our coin to be tradable on ard. The functionality of the

major exchanges to provide the token is available in the Token

best possible trading option to economy model section.

all adopters.

Each token will get burned each

time its utilised on our platform,

decreasing the number of to-

kens and delivering constant

growth in value at the same

time.

27
 2ACCESS
The GEC token main utility is inside the platform ecosystem. One

of its features is a credit function that allows PAMM Managers to:

Additional function platform

Data Integration

Pay Transaction Fees

The token is an essential part of With the use of our token burn-

the platform and eventually will ing and utilisation strategy,

get listed on the stock exchange. we’re making it stronger on the

By building demand for GECOIN, exchanges. That way we are giv-

we are bringing a tremendous ing you the ability to profit from

number of investments to the the early purchase.

system. The founders’ assumption is the

token is usable now and in the

future and infrastructure devel-

opment around the token be-

fore, during and after IEO.

28
 3UTILITY
Hardcap: 200 000 000 GEC

The price of the token inside the The second, most important

platform always adjusts to a cur- solution is directly related to a

rent market price as soon as it token burning mechanism. Af-

reaches at least three different ter utilisation of GEC inside the

exchanges and features on coin- Geco.one platform, Token gets

marketcap.com. burned permanently. These ba-

The GEC token price connection sic principals make token supply

with an average price on the smaller in a form we called: “A

market determines its value for diverted mining system”. That

token holders. Geco.one is using mechanism results in tokens be-

specific strategies to build the ing harder to get because there

demand for it. is less and less of them available

One of the provided strategies on the market.

is down protection of the valu-

ation. The GEC token is set on a plat-

Making GEC token stronger on form together with a regular

the exchanges gives you the payment method.

ability to profit from early pur- In general, people are required

chase. to provide credits on their ac-

counts to make the modern in-

29
 vestment machine working — moreover, credits provided in PRE

and POST payments with the use of standard methods and GEC

payments. Every token that used inside the application gets burned,

decreasing the number of tokens in the total supply making it more

expensive to buy on exchanges.

80.0 % Sale

15.0 % Founders

3.0 % Bounty

2.0 % Advisors

Token distribution

“Our common goal is the strong position of GEC on the global market. I see

this project co-creating tremendous opportunities for GEC value growth

along with the systematic development and expansion of the PAMM plat-

form. Building a stable position of the GEC token will be possible thanks to

experience and full involvement of our team. Looking objectively at pro-

jects being currently created as well as on those that are already in exis

ence - I see massive potential in GECO.ONE. The expected demand for GEC

token is possible thanks to constant care for its usability on the platform

and the implementation of the objectives”

Łukasz Mędrzak

30
 4SALE STRUCTURE
GEC token price will be connected with an average price on the market,

which will make it more or less valuable for token holders.

Private Sale

Market entry strategy takes a The greatest discount

grand vision and makes it entire- and bonus compared to

ly achievable in 2 key stages. The IEO.

first one is a seed (private sale),

The possibility of a quick
the second is IEO. An early pur-
return of investment is
chase means: You can get GEC
possible when tokens
by buying them in Private Sale.
bought at a discounted

price during the private

Early adopters of GEC Token may
sale compared to IEO.
join to Bounty System. We offer

rewards and coin airdrops for The opportunity of pur-

your engagement in the com- chasing more tokens
munity. compared to crowd sale.

31
 Private Sale akin to an IPO, but with some

Private Sale is the token sale notable differences. An IEO pro-

event that Blockchain enter- vides a chance to trade future

prises run before the official crypto-currencies against cryp-

crowdsale or IEO campaign goes to-coins having current liquid

live. The fundraising targets for value such as bitcoin or Ethere-

Private Sale are often lower as um. Most new digital assets

compared to that of the main and currencies mainly traded

IEO and tokens are usually sold against bitcoin and ether. They

cheaper. https://icowatchlist. also trade against other digital

com/education/what-is-an-ico assets and fiat (USD, EUR, GBP)

IEO as well.

Initial Exchange Offering a.k.a Crowdsale, crowdfunding and

IEO is a fundraising tool used token sale are among other pop-

by startups working on new ular terms for IEOs.

blockchain projects. An IEO is

Token Sale Details

Total Supply 200,000,000 GEC

Private Sale 50,000,000 GEC

Public Sale 50,000,000 GEC

Token prices during IEO Public sale will start at 0.00005 BTC per

1 GEC in multiple stages. All adopters of the token will have to go

through a whitelisting process better known as Know Your Custom-

er and Anti Money Laundering checking. Make sure you read The

Disclaimer in full before purchasing GECoins. Note: Bug Bounty will

be a permanent feature inside the Geco.one platform.

32
 KYC/ AML

Geco adopts the Ethereum That’s why all adopters of the to-

Blockchain and ERC-20 token ken are obliged to go through a

protocols standards to create a whitelisting process better

utility token. Its main purpose is known as Know Your Custom-

the utilisation inside the applica- er and Anti Money Laundering

tion and internal ecosystem. We checking.

want our coin to be tradable on

major exchanges to provide the To be able to invest in the Geco

best possible campaign you’ll be required to

trading option to all adopters register your details

and our ecosystem. within the system and accept

our token sale terms and condi-

tions. The KYC process is

provided within the Geco private

sale system.

KYC
veriÞcation

Token
Whitelisting
purchase

AML
veriÞcation

Whitelisting process

33
 5FUNDS DISTRIBUTION
TRANSPARENT ALLACATION OF MONEY

We will allocate proceeds across four principal areas of interest:

Product Development, Sales and Marketing, Maintenance. The Re-

serve is for corporate issuances and to generating income so that

the Geco.one can continue to develop products and solutions.

60.0% Product Development

25.0% Sales & Marketing

5.0 % Reserves

10.0 % Maintaince

Use of proceeds

“When you are relentless in the pursuit of suc-

cess, you meet the right people; eventually,

thing begin to fall in its place for you. As the

latest addition to the team, I have full confi-

dence in the project. Geco.one will be one of

the top IEO in 2019.” J. Jay Stankiewicz

34
 6
FUTURE
DEVELOPMENTS

THE GECO.ONE PAMM API

Geco.one sees the significant respect to private data collected

potential in offering PAMM ac- by the API adopters.

counts for cryptocurrency trad- We believe that building a reac-

ing for companies all over the tion system separated from the

world, to help them build their critical data collected by the

offers in the new world of cryp- investment companies that

tocurrencies. That’s why except primarily use the automated

the Cloud-based solution we trading mechanism is the main

create a full REST-API that will factor of service adoption. For

allow development of external example, geco.one allows com-

interfaces with using our soft- panies like Bloomberg to

ware engine. develop a Cryptocurrency trad-

ing trader accounts inside their

The PAMM API allows other data-systems that are sold

companies like Banks, Hedge on the market already.

Funds, Wealth Managers to inte-

grate the cryptocurrency PAMM

trading in their current system.

Geco.One design it service in

full co-operation and with full

35
VI BUSINESS TEAM

SOLID BUSINESS BACKGROUND

The experienced founding team aims to build a solid business in dif-

ferent areas including financial services. The connect of Business,

Financial, Trading and Blockchain skills guarantee building a future

of the Investment industry.

36
 RAFAŁ KOŁAKOWSKI
CHAIRMAN OF THE SUPERVISORY BOARD

Geco Hedge Capital and Geco One OU

registered in Estonia. A graduate of the

Warsaw School of Economics - MBA

managerial studies and the University of

Economics in Katowice. He completed

many courses and training, among oth-

ers IBM Poland - Project Management.

He has the authority of the Ministry of

the Treasury to supervise the superviso-

ry boards of strategic companies for the

country. Over the last years, he was a

Public Relations - Central Mining Insti-

tute, CEO - Polish Chamber of Ecology,

CEO - Silesian Scholarship Fund, CEO -

Tramwaje Śląskie SA. Currently, for over

10 years, CEO - TRIBAG SA Group, which

in the portfolio has companies oper-

ating in the mining, production and

financial sector. He worked in supervi-

sory boards of GAPP SA, GARR SA,Cen-

trostal Górnośląski, GPW SA, TAURON

SA, and Bruk SA.

37
 MARCIN WITUŚ
CEO

Since 2006 active trader on the FX Spot,

FX Forward and FX Option market. In

2010-2016 he cooperated with numer-

ous partners such as FXPro, SaxoBank,

Dukascopy Bank, XTB, Nordea Bank,

where he honed his practical applica-

tion of investment knowledge in the

field of trading. From 2017, he was a

trader - an expert on financial markets

at Citi Bank. His duties included: en-

tering into currency transactions and

interest rate transactions; FX Spot, FX

Forward / NDF, FX Option, technical and

fundamental analysis of major currency

pairs, supervision of the global position

of the bank. Currently: CEO Geco One

OU - comapny regulated by the FIU and

Geco Hedge Capital AS - company reg-

ulated by the Estonian FSA.

38
 ŁUKASZ MĘDRZAK
SALES DIRECTOR

Associated with the financial industry

since 2007. Thanks to systematic work

and focus on success, since 2012 he has

been cooperating with Axa Polska. In

2013, he built his sales team as a man-

ager at Prevoir Vie Groupe Prevoir SA,

and in 2013 and 2014 he became one of

the best managers in Poland. During

this period, he trained the best sellers

Prevoir Vie Groupe Prevoir S.A. in Po-

land. In 2013 and 2014, in consultation

with the head office of ING Życie, he

opened his own Finance Office as the

President of the Management Board.

Since 2016, he is also a co-owner of KM

Global Business, which operates on the

Polish and foreign markets. In 2017, with

Andrzej Bielenda, he founded the com-

pany B & M Bielenda & Mędrzak. He is

currently Co-Founder at Geco.one.

39
 MARCIN SOBCZYK
FINANCE DIRECTOR

A graduate of the University of Econom

ics in Katowice. From the beginning of

his professional career, has been associ

ated with the TRIBAG Group. Currently,

the Vice President and Chief Financial

Officer at TRIBAG SA, a member of the

Supervisory Board at BRUK SA, a mem

ber of the Supervisory Board at EcoMin

erals Sp. z o.o., and the president of the

board ENS Sp. z o.o. He deals with the

management accounting of the TRIBAG

Group, the shaping and implementa-

tion of the group’s financial strategy,

the optimisation of fiscal policy and the

structure of costs and the level of cur-

rent assets as well as maintaining the

optimal level of financial liquidity in the

group.

40
 TOMASZ BIALIK
IT DIRECTOR

A graduate of the Częstochowa Univer

sity of Technology. Connected to the

TRIBAG Group for 10 years, the previous

job at SOFTBANK SA. Currently CIO -

TRIBAG SA, from 2017 Vice President of

the Board of TRIBAG SA, Member of the

Board - ENS Sp. z o.o., operating in the

financial sector, Member of the Super-

visory Board - BRUK SA. Many years of

experience in the IT industry, supported

by obtained certificates:

• Microsoft - Microsoft Windows Net-

work and Operating System Essen-

tials.

• Citrix - Citrix MetaFrame Administra-

tion, Advanced Citrix Server Imple-

mentation,

• BM - IBM xSeries Advanced Syswtems:

• Effective Problem Determination and

Resolution;

• •Hewlett Packard - Hewlett Packard

• Systems Products Architecture

41
 WOJCIECH ŁUBIANKA
DIRECTOR OF DEVELOPMENT

A graduate of the Faculty of Manage-

ment at the Warsaw School of Econom-

ics and the Upper Silesian School of

Economics in Katowice. Currently, he

performs the functions of: Vice Presi-

dent in the capital group TRIBAG SA and

Supervisory Board Member in the com-

pany BRUK SA. For over 10 years, he has

been acting as Sales Director and Busi-

ness Development Manager responsi-

ble for heading up their expansion in

new markets, creating and negotiat-

ing commercial agreements, devising

and implementing the company’s sales

strategy in companies in the production

and service sectors, whose sales reve-

nue generated on up to 20,000,000 $.

Specialises in the sales departments.

42
 JAY STANKIEWICZ
OPERATIONS MANAGER

Experienced professional with a

demonstrated history of working in the

commercial real estate and blockchain

industry enthusiast. Skilled in Sales,

Management, Leadership, Business De-

velopment, Communications, and Busi-

ness Strategy. Strong business devel-

opment professional with a Bachelor’s

degree focused in Mechanical Engineer-

ing f rom the University of Greenwich.

Workmann LLP, NHS Trust,One facility

LTD, AS24, Total Group Poland Creator

and Administrator of several FACEBOOK

groups like Bitcoin Cash Polska, Steemit

Polska, ICO POLSKA with more than 5k

members. Took part in Startup acceler-

ator REAKTOR X in Warsaw in 2018. Over

3 years experience in blockchain space.

43
VII
ADVISORS & DEV TEAM

DMITRIJ ŻATUCHIN
BUSINESS ADVISORS

Founder and CEO at DO OK S.A., 16 years

experience in IT industry.

ŁUKASZ GOSIEWSKI
PLATFORM ARCHITECT / CTO

Tech leader and software craftsman who

works with cutting-edge technologies like

blockchain.

PIOTR BRONISZEWSKI
SOFTWARE DEVELOPER

The skilled software engineer who under-

stand business context and develop web

systems.

KATARZYNA DADEK
SOFTWARE DEVELOPER

An experienced software enthusiast who

designs and implements web applica-

tions.

44
 KAMIL BAR
SOFTWARE DEVELOPER

Experienced DevOps and backend

developer with blockchain

technology knowledge

EWELINA KLISOWSKA
SOFTWARE DEVELOPER

Software engineer specializing in web

application implemented in Java technology

TOMASZ TIMOSZYK
PROJECT MANAGER

Experienced project manager and team

leader with business analysis skill.

KATARZYNA LESZCZYŃSKA-BOHDAN
MARKETING & COMMUNICATION ADVISOR

Communication and brand strategist,

9 years experience in digital marketing.

DANIEL NOWAK
BOARD ADVISOR

Blockchain application developer.

PATRYK BIGAJ
BOARD ADVISOR

Blockchain Enthusiast

45
 VIII
PARTNERS

TRIBAG SA a leading company in the TRIBAG GROUP (GT). It is the

owner of dolomite deposits geo-located in the Silesian Metropolis

area. TRIBAG SA has a dolomite mine in a strategic road transport

area of Upper Silesia, and has for years been one of the leading

manufacturers of road-construction aggregates, as well as of ag-

gregates which are then used as an input for asphalt production

in Silesia. TRIBAG SA manufactures and sells dolomite aggregates

in the amount of approximately 1 million tonnes per year.

46
 BRUK a manufacturer of concrete paving stones and concrete

products for the road-construction sector, as well as of precast

concrete products for the industrial building sector and for hous-

ing developers. The Company has been operating in the market

for more than 25 years, targeting mainly the Silesian Metropolis,

where their annual sales rate amounts to approximately 3 million

sq. m. of concrete paving stone.

GOTÓWKA24 From its very inception the Company has of-

fered financial products tailored to individual customer needs.

Gotówka24h is not just a question of cash loans. It is an individu-

al approach to every client, as well as fair treatment of the entire

community of clients.

47
IX RISK FACTORS

GEC tokens should carefully for the GEC tokens, and their

consider the following informa- price may be highly volatile. Al-

tion about these risks before he though applications have been

Acquisition of decides to buy the created to the cryptographic

GEC tokens. If any of the follow- token exchanges for the GEC

ing risks occur, the GEC platform tokens to be admitted for trad-

and the value of the GEC tokens ing, an active public market may

could be materially adversely af- not develop or be sustained af-

fected. Risks and uncertainties ter the GEC token sale. If a liquid

described below in this White- trading market for the GEC to-

paper may not be the only, to- kens does not develop, the price

ken holders may face. Additional of the GEC tokens may become

risks and uncertainties may also more volatile, and the token

materially adversely affect on holder may be unable to sell or

the GEC platform or the value of otherwise transact in the GEC

the GEC tokens. tokens at any time. Risks Relat-

ing to Highly Speculative Trad-

Lack of Development of Market ed Price. The valuation of digital

for GEC tokens. Because there tokens in a secondary market

has been no prior public trading is usually not transparent, and

market for the GEC tokens, the highly speculative. The GEC to-

sale of the GEC tokens described kens do not hold any ownership

in this Whitepaper may not re- rights to the Company’s assets

sult in an active or liquid market and, therefore, are not backed

48
 by any tangible asset. Traded financial advisors, equity hold-

price of the GEC tokens can fluc- ers, suppliers, vendors, service

tuate significantly within a short providers, parent companies,

period. There is a high risk that subsidiaries, affiliates, agents,

a token holder could lose his/ representatives, predecessors,

her entire contribution amount. successors and assigns.

In the worst-case scenario, the

GEC tokens could be rendered GEC Tokens May Be Non-Re-

worthless. fundable. Except for as provided

GEC Tokens May Have No Value. in a legally binding document

The GEC tokens may have no or prescribed by the applicable

value, and there is no guaran- legislation, Company Parties

tee or representation of liquid- are not obliged to provide the

ity for the GEC tokens. Compa- GEC token holders with a refund

ny Parties are not and shall not related to the GEC tokens. No

be responsible for or liable for promises of future performance

the market value of the GEC to- or price are or will be made in

kens, the transferability and/or respect to the GEC tokens, in-

liquidity of the GEC tokens and/ cluding no promise of inherent

or the availability of any market value, no promise of continuing

for the GEC tokens through third payments, and no guarantee

parties or otherwise. For the that the Tokens will hold any

purposes of this Section of the particular value. Therefore, the

Whitepaper, the term „Company recovery of spent resources may

Parties” shall include Company be impossible or may be subject

and its respective past, present to foreign laws or regulations,

and future employees, officers, which may not be the same as

directors, contractors, consult- the private law of the GEC token

ants, attorneys, accountants, holder.

49
 Blockchain Delay Risk. On the also intentionally spam the net-

most blockchain, GEC used for work in an attempt to gain an

cryptocurrencies’ transactions advantage in purchasing cryp-

(e.g., Ethereum), a timing of tographic tokens. That may re-

block production is determined sult in a situation where block

by proof of work so block pro- producers may not include the

duction can occur at random purchaser’s transaction when

times. For example, the crypto- the purchaser wants, or the pur-

currency sent as a payment for chaser’s transaction may not be

the GEC tokens in the final sec- included at all.

onds of the GEC token sale 43 Risk of Software Weaknesses.

may not get included into that The token smart contract con-

period. The respective block- cept, the underlying software

chain may not include the pur- application and software plat-

chaser’s transaction at the time form (i.e. the Ethereum) are still

the purchaser expects, and the in an early development stage

payment for the GEC tokens and unproven. There are no rep-

may reach the intended wallet resentations and warranties that

address, not in the same day the the process for creating the

purchaser sends the cryptocur- GEC tokens will be uninterrupt-

rency. Blockchain Congestion ed or error-free. There is an in-

Risk. herent risk that the software

could contain weaknesses, vul-

The most blockchains used for nerabilities or bugs causing,

cryptocurrencies’ transactions among other things, the com-

(e.g., Ethereum) are prone to plete loss of the cryptocurrency

periodic congestion during and/or the GEC tokens.

which transactions can be de- Risk of New Technology. The

layed or lost. Individuals may GEC platform, the GEC tokens

50
 and all of the matters outlined private keys, for access. Accord-

in this Whitepaper are new and ingly, loss of important private

untested. The GEC platform and keys associated with such token

the GEC tokens might not be ca- holder’s digital wallet or vault

pable of completion, creation, storing the GEC tokens will

implementation or adoption. It result in loss of such GEC tokens,

is possible that no blockchain access to token holder’s token

utilising the GEC platform will be balance and/or any initial bal-

ever launched. The purchaser of ances in blockchains created by

the GEC tokens should not rely third parties. Moreover, any third

on the GEC platform, the token party that gains access to such

smart contract or the ability to private keys, including by gain-

receive the GEC tokens associat- ing access to login credentials of

ed with the GEC platform in the a hosted wallet or vault service

future. Even if the GEC platform the token holder uses, may be

is completed, implemented and able to misappropriate the to-

adopted, it might not function ken holder’s GEC tokens.

as intended, and any GEC tokens

may not have functionality that Lack of Token Security. The GEC

is desirable or valuable. Also, tokens may be subject to expro-

technology is changing rapidly, priation and or/theft. Hackers

so the GEC platform and the GEC or other malicious groups or

tokens may become outdated. organisations may attempt to

Risk of Loss of Private Keys. interfere with the token smart

contract which creates the GEC

A token holder may hold the tokens or the GEC tokens in a va-

GEC tokens in his digital wallet riety of ways, including, but not

or vault, which requires a pri- limited to, malware attacks, de-

vate key, or a combination of nial of service attacks, consen-

51
 sus-based attacks, Sybil attacks, ful attacks present a risk to the

smurfing and spoofing. token smart contract expected

Furthermore, because the proper execution and sequenc-

Ethereum platform rests on ing of the GEC token trans-

open source software, there is actions and expected proper

the risk that Ethereum smart execution and sequencing of

contracts may contain inten- contract computations.

tional or unintentional bugs or

weaknesses which may nega- Failure to Map a Public Key to

tively affect the GEC tokens or Purchaser’s Account. Failure of

result in the loss of GEC tokens, a purchaser of the GEC tokens

the loss of ability to access or to map a public key to such pur-

control the GEC tokens. In the chaser’s account may result in

event of such a software bug third parties being unable to

or weakness, there may be no recognise purchaser’s GEC to-

remedy and holders of the GEC ken balance on the Ethereum

tokens are not guaranteed any blockchain when and if they

remedy, refund or compensa- configure the initial balances of

tion. Attacks on Token Smart a new blockchain based upon

Contract. the GEC platform. Risk of In-

compatible Wallet Service. The

The blockchain used for the to- wallet or wallet service provid-

ken smart contract which cre- er used for the acquisition and

ates the GEC tokens is suscepti- storage of the GEC tokens has

ble to mining attacks, including to be technically compatible

double-spend attacks, majority with the GECtokens. The failure

mining power attacks, „self- to assure this may have the re-

ish-mining” attacks, and race sult that purchaser of the GEC

condition attacks. Any success- tokens won’t gain access to his

52
 GEC tokens. launched, the ongoing success

of the GEC platform relies on the

Risk Related to Reliance on Third interest and participation of

Parties. Even if completed, the third parties like developers.

GEC platform will rely, in whole There can be no assurance or

or part, on third parties to adopt guarantee that there will be suf-

and implement it and to contin- ficient interest or participation

ue to develop, supply, and oth- in the GEC platform. Changes to

erwise support it. There is no as- the GEC Platform

surance or guarantee that those

third parties will complete their The GEC platform is still under

work, properly carry out their development and may undergo

obligations, or otherwise meet significant changes over time.

anyone’s needs, all of might

have a material adverse effect Although the project manage-

on the GEC platform. Depend- ment team intends for the GEC

ence of GEC Platform on Vari- platform to have the features

ous Factors. The development of and specifications outlined in

the GEC Platform may be aban- this Whitepaper, changes to

doned for a number of reasons, such features and specifications

including lack of interest from can be made for any number of

the public, lack of funding, lack reasons, any of which may mean

of commercial success or pros- that the GEC platform does not

pects, or departure of key per- meet the expectations of the

sonnel. holder of the GEC tokens.

Risk Associated with Other Ap-

Lack of Interest to the GEC Plat- plications. The GEC platform

form. Even if the GEC platform may give rise to other, alterna-

is finished and adopted and tive projects, promoted by un-

53
 affiliated third parties, under Company Party’s affiliates and

which the GEC token will have respective Company Party,

no value. Risk of an Unfavorable potentially resulting in the con-

Fluctuation of Cryptocurrency clusion of transactions on terms

Value. The proceeds of the sale not determined by market

of the GEC tokens will be de- forces.

nominated in cryptocurrency Risks Related to Invalidation of

and may be converted into other Company Parties Transactions.

cryptographic and fiat curren- Company Parties have taken

cies. If the value of cryptocur- a variety of actions relating to

rencies fluctuates unfavourably their business that, if successful-

during or after the GEC token ly challenged for not complying

sale, the project management with applicable legal require-

team may not be able to fund ments, could be invalidated or

development, or may not be could result in the imposition

able to develop or maintain the of liabilities on the respective

GEC platform in the manner that Company Party. Since applica-

is intended. ble legislation may subject to

many different interpretations,

Risk of Conflicts of Interest. Com- respective Company Party may

pany Parties may be engaged in not be able to defend any 45

transactions with related challenge brought against such

parties, including respective ma- transactions successfully, and

jority shareholder, companies the invalidation of any such

controlled by him or in which transactions or imposition of

he owns an interest, and other any such liability may, individu-

affiliates, and may continue to ally or in the aggregate, have a

do so in the future. Conflicts of material adverse effect on the

interest may arise between any GEC platform.

54
 Risk Arising from Emerging Mar- and its compliance with their

kets. Company Parties or some terms.

of them may operate on emerg- Regulatory authorities will exer-

ing markets. Emerging markets cise considerable discretion in

are subject to higher risks than the timing of license issuance

more developed markets, in- and renewal and the monitoring

cluding significant legal, eco- of licensees’ compliance with li-

nomic and political risks. Emerg- cense terms. Requirements

ing economies are subject to which may be imposed by these

rapid change and that the infor- authorities and which may re-

mation set out in this Whitepa- quire any of Company Party to

per may become outdated rela- comply with numerous stand-

tively quickly. ards, recruit qualified personnel,

maintain necessary technical

Failure to Obtain, Maintain or equipment and quality control

Renew Licenses and Permits. Al- systems, monitor our opera-

though as of the date of starting tions, maintain appropriate fil-

of the GEC token sale no statu- ings and, upon request, submit

tory requirements are obliging appropriate information to the

Company to receive any licenses licensing authorities, may be

and permits necessary for car- costly and time-consuming and

rying out of its activity, there is may result in delays in the com-

the risk that such statutory re- mencement or continuation

quirements may be adopted in of operation of the GEC plat-

the future and may relate to any form. Further, private individuals

of Company Parties. In this case, and the public at large possess

Company Parties’ business will rights to comment on and oth-

depend on the continuing valid- erwise engage in the licensing

ity of such licenses and permits process, including through in-

55
 tervention in courts and politi- activities or to cease offering

cal pressure. Accordingly, the li- certain products or services, all

censes any Company Party may of which could harm Company

need may not be issued or re- Parties’ reputation or lead to

newed, or if issued or renewed, higher operational costs, which

may not be issued or renewed in may, in turn, have a material ad-

a timely fashion, or may involve verse effect on the GEC tokens

requirements which restrict any and/or the development of the

Company Party’s ability to con- GEC platform.

duct its operations or to do so

profitably. Risk of Burdensomeness of Ap-

plicable Laws, Regulations and

Risk of Government Action. The Standards. Failure to comply

industry in which Company Par- with existing laws and regula-

ties operate is new and may be tions or the findings of govern-

subject to heightened oversight ment Inspections, or increased

and scrutiny, including investi- Governmental regulation of

gations or enforcement actions. Company Parties operations

could result in substantial ad-

There can be no assurance that ditional compliance costs or

governmental authorities will various sanctions, which could

not examine the operations of materially adversely affect Com-

Company Parties and/or pursue pany Parties business and the

enforcement actions against GEC platform. Company Parties

them. All of this may subject operations and properties are

Company Parties to judgments, subject to regulation by various

settlements, fines or penalties, government entities and agen-

or cause Company Parties to cies, in connection with ongoing

restructure their operations and compliance with existing laws,

56
 regulations and standards. Reg- Any such decisions, require-

ulatory authorities exercise con- ments or sanctions, or an in-

siderable discretion in matters crease in governmental regu-

of enforcement and interpreta- lation of respective operations,

tion of applicable laws, regula- could increase Company Parties’

tions, and standards. Respective costs and materially adversely

authorities have the right to and affect Company Parties busi-

frequently do, conduct period- ness and the GEC platform. Un-

ic Inspections of any Company lawful or Arbitrary Government

Party’s operations and proper- Action.

ties throughout the year. Any

such future Inspections may Governmental authorities may

conclude that any Company have a high degree of discretion

Party has violated laws, decrees and, at times, act selectively

or regulations, and it may be un- or arbitrarily, without hearing or

able to refute such conclusions prior notice, and sometimes in a

or remedy the violations. Any manner that is contrary to

Company Party’s failure to com- law or influenced by political

ply with existing laws and regu- or commercial considerations.

lations or the findings of govern- Moreover, the government also

ment Inspections may result in has the power in certain circum-

the imposition of fines or penal- stances, by regulation or gov-

ties or more severe sanctions or ernment act, to interfere with

in requirements that respective the performance of, nullify or

Company Party cease certain of terminate contracts. Unlawful,

its business activities, or in crim- selective or arbitrary govern-

inal and administrative penalties mental actions have reported-

applicable to respective officers. ly included the denial or with-

drawal of licenses, sudden and

57
 unexpected tax audits, criminal

prosecutions and civil actions. Become

a crypto-
Federal and local government

entities have also used common

currency
defects in matters surrounding

the Token sale as pretexts for

investor
court claims and other demands

to invalidate or to void any relat-

the smart
ed transaction, often for political

purposes. In this environment,

Company Parties’ competitors

may receive preferential treat-

ment from the government, po-

way
tentially giving them a compet-

itive advantage over Company

Parties.

58
 Hope to work together!

FOLLOW AND CONTACT US ON SOCIAL MEDIA

www.geco.one

59