15th Dec

January 20th 2020

2021

FINXFLO

White Paper
 INTRODUCTION
Finxflo is a global cryptocurrency exchange
aggregator. It aggregates offers from the world’s
leading exchanges, thereby granting users access to
the best buy and sell prices and the highest
margins. Users implement trades on the platform

Components of Finxflo?

Exchange Consolidated Global

Aggregation Engine Order Book

Global best bid and 1 Account / 1

offer accompanied Wallet / 1 KYC
by Finxflo Smart provides access to
Order Routing means multiple exchanges,
all orders, large without any need to
or small, get the open multiple
global best price accounts

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Finxflo White Paper
Finxflo Whitepaper
 VISION & MISSION

Vision
At Finxflo, we believe in a
cryptocurrency market built on
values of transparency, legitimacy
and trust, fully accepted by the
mainstream.

We envisage a level playing field

for all participants, with market
distortions and unfair trading
practices eliminated, and with the
best prices available to traders
irrespective of size and location.

Mission
Finxflo is an exchange
aggregator specifically
designed to help the trader
access the best
cryptocurrency prices,
easily and efficiently, no
matter where they are.

Our mission is to create an

industry-leading trading
platform that provides both
retail and institutional
traders with access to the
most popular CeFi and DeFi
protocols.

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Finxflo Whitepaper
 REGULATION / SECURITY

Grandfathering

In January 2020 the Payment Services Act

2019 (the “Act”) came into force in
Singapore requiring all cryptocurrency
exchanges to be regulated. Finxflo was
successfully granted an exemption by the
Monetary Authority of Singapore (MAS)
under the grandfathering provisions of the
Act, effectively permitting Finxflo to
continue its operations whilst regulatory
approvals are obtained.

https://www.mas.gov.sg/regulation/payments
/entities-that-have-notified-mas-pursuant-
to-the-ps-esp-r

Full MAS Application

We will be submitting our license application to MAS

in July 2020. We have engaged the industry’s top
compliance and regulatory experts to help ensure that
the application process proceeds as efficiently as
possible.

FIREBLOCKS - ASSET SECURITY

Being hacked is the number one risk for crypto exchanges. This is why we
have selected Fireblocks, used by the world’s largest institutional
players, to be our custody partner.

Fireblocks is the industry’s leading custody solution. Its patent-pending

SGX and MPC technology is SOC 2 type II, certified by E&Y, and its
security is regularly reviewed and tested by NCC Group and ComSec.
Furthermore funds can be insured up to a value of USD 20m.

With an innovative custody solution that effectively mitigates the risk

of hacks and unauthorised transactions at their source, coupled with an
insurance safety net, traders’ funds have never been more secure.

7 Reasons Why MPC Is The Next Generation of Private Key Security

https://blog.fireblocks.com/7-reasons-why-mpc-is-the-next-generation-of-private-key-security

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Finxflo Whitepaper
 FINXFLO FEATURES

Aggregation of world’s leading exchanges

and DeFi protocols

The aggregation of the world’s

biggest and most liquid exchanges
and DeFi protocols ensures that each
user on the platform continuously
receives the best pricing,
stability, execution and market
access.

Level 2 Data screen, full depth of order book

The platform allows the use of trading

tools, which in traditional markets are
available exclusively to institutional
investors, allowing for more rational
investment decisions on the basis of
total order book transparency.

1 registration, 1 KYC, 1 wallet,

no withdrawal fees

Each user submits his documents once and

is granted access to one wallet that can
be used to trade over multiple exchanges.

Withdrawals have never been more

convenient with same-day zero fee
withdrawals guaranteed.

Smart Order Routing

Each trader has access to Finxflo's smart

order routing, meaning that when they
execute larger orders, Finxflo's smart
order router will take the best price
from each exchange and ensure that the
trader receives the best possible overall
price.

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Finxflo Whitepaper
CeFi
 PROBLEMS

Current challenges
of crypto-trading

1. Multiple accounts
2. Multiple KYC
3. Multiple Wallets
4. Multiple interfaces
5. Disparity across exchanges
6. No guarantee of best price
7. High execution fees

And Solutions
FXF remedies
to Crypto-trading

1. One account
2. One KYC
3. One Wallet
4. One Interface
5. Aggregated order book
6. Guaranteed best price
7. Low execution fees
8. Zero withdrawal fees

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UNIQUE
POSITIONING
OF FINXFLO

1 Account / 1 Wallet / 1 KYC

Lower trading fees,

no withdrawal fees,
better execution

Unique user
experience

Users pay fees

in FXF Tokens

Global Best Bid

Best Offer

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Finxflo Whitepaper
 AGGREGATION MODEL
Exchange 1 Exchange 2 Exchange N

User A User B ... User X

An order book is the list of

Exchange 1 orders that a trading venue uses
to record the interest of buyers
Bid Quantity Ask Quantity
and sellers in a particular
Bid
financial instrument. Finxflo
99.90 0.5 100.10 0.8

99.80 2.1 100.20 1.7

aggregates multiples orderbooks
99.70 3.8 100.30 2.8
into one global orderbook,
99.60 5.3 100.40 4.7
ensuring its users will always
... ... ... ...
get the best price.

Finxflo Order Book

Exchange 2
Bid Quantity Ask Quantity
Bid Quantity Ask Quantity
99.98
Bid 0.1 100.02 0.3
99.97 0.2 100.03 0.3
Bid
99.98 0.1 100.02 0.2
99.95 2.3 100.07 0.4
99.95 1.2 100.03 0.3
99.90 3.5 100.08 0.5
99.89 1.7 100.08 0.5
99.89 1.7 100.10 1.8
99.84 2.1 100.10 1.0
99.84 2.1 100.11 0.9
... ... ... ...
99.83 4.2 100.15 2.8

99.80 2.1 100.20 1.7

Exchange 3 99.70 3.8 100.30 2.8
99.60 5.3 100.40 4.7
Bid Quantity Ask Quantity
... ... ... ...

Bid
99.97 0.2 100.02 0.1

99.95 1.1 100.07 0.4

99.90 3.0 100.11 0.9
99.83 4.2 100.15 2.8

... ... ... ...

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 PLATFORM
FEATURES At its core, the Finxflo platform is
a powerful stream processing engine
which will collect market data from
1. our partner exchanges and combine
It’s elastic: data is evenly distributed them into one global, unified,
among the nodes of our cluster, allowing market.
for horizontal scaling of processing.
Finxflo is able to dynamically rescale to
adapt to the workload changes as new
servers are added or removed.

2.

It’s fault tolerant: Backups are also

distributed among nodes to protect
against failure of any individual
node and prevent loss of data after
crashes.

3.
It has a very low latency: Rather than
accumulating the records into
micro-batches and then processing,
Finxflo processes the incoming records as
soon as possible to accelerate
performance.
4.

It’s fast: Finxflo utilises industry

leading technology enabling it to handle
thousands of operations per second.

5. We are partnering with Fireblocks, a cutting edge,

It’s secure.
Security is part of our DNA.
audited, insured and regulated custody provider to
make sure your assets are safe.
We enforce industry-leading security standards such
as end-to-end military grade encryption and mutual
authentication using X509 certificates.
Coding best practices; security is not viewed as a
protective layer, but goes to the platform’s very
foundations.
All actions are recorded for auditing and
traceability purposes.
Risk monitoring, vulnerability management, malware
prevention and incident management.
Fraud detection: behavioural analysis and suspicious
pattern detection using machine learning.
External security and compliance audits.
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Finxflo Whitepaper
 PROBLEM:
PRICE AND MARKET
INEFFICIENCIES
Crypto exchanges operate in country silos due to regulatory capital controls.

$75M/day in potential arbitrage profits.

10% price difference between US and Japan markets.

3% price difference between US and Europe markets.

Retail traders are at a disadvantage vs. institutional traders because of

limitations on cross-border fiat currency transfers.

Inefficiency: Silo Markets

The Order Books of Exchanges operating in different

countries are segregated.

Only Exchanges that operate across regions are able to

limit price differences between countries.

Liquidity and Volume differ depending on which country

the brokerage is in.

There exists no unitary platform upon which to trade at

the global best price.

Inefficiency:
Case Study - South Korea

5 different BTC-USD exchanges show price

differences at a given point in time.

The Korea premium is a glaring example of

significant price difference vs. their
BTC-USD counterparts.

It has been noted that this is a result

of capital controls in Korea. Only an
institutional trader can take advantage
of this inefficiency and potentially take
advantage of the arbitrage opportunity.

Function of Dark Pools Dark Pools are an essential part of the market; they allow
traders with bigger positions to move in/out of trades without
revealing their interests.

A few larger exchanges offer a dark pool feature, although it

comes with an additional trading fee.

Dark Pools derive their pricing from Lit Markets; aggregating

BBO is a critical part of dark pool functionality.

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Finxflo Whitepaper
 SOLUTION: A GLOBAL
EXCHANGE AGGREGATOR
Finxflo Exchange Aggregator

Aggregates multiple exchanges to

provide increased liquidity and
best Bid/Ask prices for traders.

Improves Depth of Market/Depth

of Book.

Global liquidity.

Technical standardization.

Trading Advantages

Provides immediate trading access

to multiple exchanges through
unitary portal.
Dark Pool Integration: Washing and Front Running Protection
Automatic best price discovery.

Institutional-like trading fees Continuous non-displayed Limit Order Book.

and access to liquidity.
Finxflo offers smart order routing for iceberg orders
1 registration, 1 KYC, 1 wallet – (TWAP/VWAP), adding additional market noise to
trading has never been simpler. prevent front running.

Dark pool protects buyers and sellers from front

running.

Washing capital will be prohibited by a comprehensive

and robust KYC process.

Affords traders greater freedom to employ desired

trading strategies.

Fair Trading Rules

Finxflo will provide a fair and level playing

field for its users by implementing trading
rules similar to those previously only seen in
traditional financial markets, ensuring fair
trading practices and price discovery. Traders
breaching Finxflo’s fair trading rules will be
removed.

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Finxflo Whitepaper
 USER INTERFACE
(PROTOTYPE)

13 p. 10
$)3!'*
#$/
+ -
Finxflo Whitepaper
DeFi
 PROBLEMS AND SOLUTIONS

Current challenges
of Decentralised Finance (DeFi)

1. Multiple accounts
2. Multiple interfaces
3. Disparity across protocols
4. No guarantee of best price + rates
5. Differing Governance

These are the main challenges facing investors today, challenges that up
until now have not been addressed. Currently, investors who want to gain
access to multiple protocols require a connection process for each, which
can be tedious, time consuming and frustrating. Once one has completed
the arduous task of gaining access to multiple protocols and learning to
use various different interfaces, one is still faced with the harsh
reality.

Whatever rate or price you receive for minting, borrowing, interest

rates, liquidity or margin, best rates and prices can never be guaranteed
and in the vast majority of cases, will be unachievable. Effectively
navigating multiple protocols and screens simultaneously in order to
ensure top of book and global best rates and price is, at best
logistically difficult, and at worst, practically impossible.

Finxflo solves all of these problems and more. Finxflo provides its users
with access to multiple protocols through one registration process,
connecting the dots so users don’t have to. As well as gaining access to
multiple protocols the same way they have previously, through Finxflo's
advanced aggregation protocol, users are guaranteed the best price and
rates available.

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Finxflo Whitepaper
UNIQUE
POSITIONING
OF FINXFLO

One User Interface

Global Best Rates And Prices

Voting and Platform Governance

FXF Token Farming

Higher Volume Higher Rewards

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Finxflo Whitepaper
 AGGREGATION MODEL
Protocols 1 Protocols 2 Protocols N

User A User B ... User X

Protocol 1

Supply Quantity Borrow Quantity

Bid
99.90 0.5 100.10 0.8

99.80 2.1 100.20 1.7

99.70 3.8 100.30 2.8

99.60 5.3 100.40 4.7

... ... ... ...

Finxflo Order Book

Protocol 2
Supply Quantity Borrow Quantity
Supply Quantity Borrow Quantity
99.98
Bid 0.1 100.02 0.3
99.97 0.2 100.03 0.3
Bid
99.98 0.1 100.02 0.2
99.95 2.3 100.07 0.4
99.95 1.2 100.03 0.3
99.90 3.5 100.08 0.5
99.89 1.7 100.08 0.5
99.89 1.7 100.10 1.8
99.84 2.1 100.10 1.0
99.84 2.1 100.11 0.9
... ... ... ...
99.83 4.2 100.15 2.8
99.80 2.1 100.20 1.7
Protocol 3 99.70 3.8 100.30 2.8

99.60 5.3 100.40 4.7

Supply Quantity Borrow Quantity
... ... ... ...

Bid
99.97 0.2 100.02 0.1
99.95 1.1 100.07 0.4

99.90 3.0 100.11 0.9

99.83 4.2 100.15 2.8

... ... ... ...

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Finxflo Whitepaper
 A GLOBAL
PROTOCOL AGGREGATOR
Finxflo Protocol Aggregator

Aggregates multiple protocols to

provide increased liquidity and
best rates & prices for
investors.

Improves Depth of Market/Depth

of Book.

Global liquidity.

Technical standardization.

Investing Advantages

Provides immediate trading access

to multiple protocols through
unitary portal.

Automatic best price and rate

discovery.

1 registration,investing has never

been simpler.

Fair Investment Rules

Finxflo will provide a fair and level

playing field for its users by
implementing investment rules similar to
those previously only seen in
traditional financial markets, ensuring
fair investment practices and price
discovery. Investors breaching Finxflo’s
fair trading rules will be removed.

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Finxflo Whitepaper
FXF Token
and Roadmap
 FXF TOKEN AND
ALLOCATION

FXF token is a natural blockchain

3.0 asset because of the fact
that it utilizes two blockchains,
Ethereum and Tron. FXF is
simultaneously an ERC20 and TRC20
standard token. Thus, FXF acts as
a gel between the two previously
detached technologies,
synthesizing that part of the
crypto multiverse into a mutually
related, sustainable entity.

Token Distribution % Distribution Tokens

Private Sale 36% 54,000,000
Partner Sale 7% 10,000,000
Farming/Staking * 8% 12,000,000
Partnerships ** 5% 8,000,000
Advisors ** 5% 8,000,000
Team *** 12% 18,000,000
Treasury **** 27% 40,000,000
Total Percentages Rounded 100% 150,000,000
* Unlocked in April, 2.5% released monthly
** 15% unlocked on day 1, 5% unlocked monthly from February
*** Locked for 1 year, 2.78% unlocked monthly
**** Unlocked in April, 2.5% unlocked monthly
Advisors
5%
Partnerships
5%
Private Sale Partner Sale
36% 7%
Farming / Staking
8%
150,000,000 FXF
Team
12%

Treasury
27%
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Finxflo Whitepaper
 TIMELINE - STAGE 1

Marketing Website
Q4 2019 Launched

MAS Grandfathering
Proof of Concept
Exemption
Q1 2020

CeFi Beta Launch

Q2 2020 and Demo trading

Marketing team
expansion
Q3 2020

Mobile APP Aggregation

Sales department
development engine
expansion
deveopment

Demo platform Website

testnet Q4 2020 Upgrade

European Private sale

office end

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Finxflo White Paper

Finxflo Whitepaper
 TIMELINE - STAGE 2

Q1 2021

Token Listing Live product

launch

Full MAS
regulation

Mobile APP
launch Q2 2021

Advanced platform
functions Q3 2021

Global market
US regulations
expansion

Multiple language
Q4 2021 versions

San Francisco
Office Opens

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Finxflo White Paper

Finxflo Whitepaper
 THE TEAM

James Gillingham
CO-FOUNDER & CEO

James Gillingham is one of the co-founders of Finxflo. James is

engaged in developing and implementing strategic plans and company
policies, maintaining an open dialogue with stakeholders and driving
organizational success. He is an expert in managing and executing
high-level strategic objectives with more than 13 years’ experience in
building, developing and expanding multinational organizations. His
deep knowledge of financial markets, digital currencies and fintech
has played a pivotal role in his success to date.

After a compound fracture brought a promising football career to an

abrupt halt, it didn’t take long for James to bounce back, swiftly
winning a place at Close Brothers, one of the UK’s leading merchant
banking groups, before being headhunted to work for International
Asset Management, one of the oldest independent asset management firms
in the world, managing USD 4 billion of funds. James left that company
to found JageroFX, a highly successful London-based startup delivering
sophisticated automated trading algorithms. James built the company
from the ground up and sold it for a lucrative sum to a group of
investors at the age of 23.

In his free time James enjoys boxing, golf, volunteering at orphanages

and running business mentorship programs for young adults.

Thomas Plaskocinski
CO-FOUNDER & CTO

Thomas Plaskocinski is one of the co-founders of Finxflo. Thomas is

responsible for the technology strategy and plays a central role in the
development of the trading platform. His team focusses on building a
secure, robust and compliant trading experience. Thomas has more than
15 years’ experience in solving complex technical and technological
challenges. His intellectual curiosity, attention to detail and
perseverance are vital to the evolution of the ever-changing fintech
landscape.

Prior to co-founding Finxflo, Thomas worked for Finastra as a solution

architect, assisting tier one banks design and implement innovative
customer-focussed solutions and develop their businesses. Prior to
that, Thomas was with Société Générale Corporate and Investment Banking
where he worked on the derivatives pricing and risk platform.

In his free time Thomas enjoys learning about machine learning and
experimenting with the latest technologies.

Thomas holds a master’s degree in Computer Systems, Networks and

Security from EPITA Paris.

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Finxflo Whitepaper
THE TEAM

Liam Patrick Jones

COMMERCIAL DIRECTOR

Liam Jones is the Commercial Director at Finxflo. Liam has more than
32 years’ experience in the financial sector through which he has
developed a deep understanding of the currency and trading markets.
After a short period in management accounting, Liam became involved
in spot currency trading and as a market maker with large
international banks such as UBS, Daiwa Europe and Société Générale in
London; USCB in Riyadh; and Royal Bank of Scotland in Singapore.

Liam has also been a derivatives broker for major IDB’s such as
Tulletts, GFI and BGC in the oil swaps paper markets based in
Singapore where he developed longstanding
relationships with Morgan Stanley, Goldman Sachs, Shell, Vitol and
other top tier institutions. Liam has previously been involved with a
fintech startup that was purchased by an ASX 200 listed company and
an electric infrastructure platform that was purchased by a US blue
chip company.

Liam holds a license as an Approved Registered Representative granted

by the Monetary Authority of Singapore. In his spare time Liam enjoys
hanging out with his two boys and staying fit by running and cycling.

Greg Ranslam
CHIEF LEGAL COUNSEL

Greg was an attorney at the New York office of Milbank Tweed and came
to Southeast Asia in 1995 where he specialized in finance, investment,
capital markets and M&A. Greg has developed a keen commercial
understanding based on his wealth of experience in advising clients on
how to get deals done. Greg has been frequently recognized as a leading
law practitioner, particularly in corporate, M&A and finance, by
various publications including Chambers Global (where he was named one
of the world’s leading lawyers for business), Asia Pacific Legal 500,
IFLR and Chambers Asia.

Greg graduated from Northwestern University School of Law where he was

a member of the Northwestern University Law Review, Editorial Board.
Greg majored in Philosophy and Political Science at the University of
Southern California. In his spare time Greg enjoys practicing yoga,
reading science fiction and working out and lifting weights. He is also
an avid trekker (mostly in Nepal) and has climbed Kilimanjaro twice.

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Finxflo Whitepaper
 THE TEAM

Dr Anthony O’Sullivan
ADVISOR

Dr Anthony O’Sullivan – Marketing analyst for Palomar Technologies. He

has a Ph.D. in Philosophy, having previously worked as Economist for
Lloyds Bank PLC. He is acutely aware of business risk and developments
having spent considerable time immersing in competitive, technical,
micro and macro commercial analysis having a started his career in
1979.

Stefano Virgilli
ADVISOR

Stefano Virgilli – Entrepreneurship and Top Management Stefano Virgilli

is an Italian serial entrepreneur, having operated multiple businesses
in Europe, Southeast Asia, Middle East and Africa. He has studied in
Italy and further expanded his knowledge working with clients from over
40 countries since 1998. Stefano is a leader in ICO and Blockchain
projects.

Mark Hammond
ADVISOR

Mark Hammond – Head of Flow Products and
Mark Hammond joins from his role as Head
a medtech startup. His previous director
e-commerce product group, and FX trading
and Merrill Lynch.
API for Liquid Quoine Exchange
of Technology at HealthEngine,
roles include heading Citi’s
systems in Standard Chartered

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Finxflo White Paper
Finxflo Whitepaper
THE TEAM

Chris Williamson
ADVISOR

Executive with domestic and international experience in a range of

industries including blockchain, finance, corporate software, marketing
and education. In each role Chris has identified and developed
opportunities to deliver business growth and develop high performing
teams. He has a proven history in strong stakeholder relationship
management and strategic growth with extensive experience in managing
teams and working collaboratively with external partners. As a business
founder/owner and non-executive director Chris is driven to find
opportunities and create results for businesses around the world.

Joel Kovshoff
ADVISOR

Joel better known in the crypto space as Coach K. An avid trader,

marketer, and go to market specialist. Coming from an educational
background he transitioned into the blockchain sector as an
entrepreneur focusing on creating products and educational courses to
help new users navigate easier. Joel is the CMO of AnrkeyX and is an
advisor to Verasity, Ferrum Network and most recently PlotX. Well known
for his deep networking skills, he has the ability to secure
partnerships, exchange listings, and creative marketing campaigns.

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Finxflo Whitepaper
INDEX
Introduction 02
What exactly is Finxflo?
Vision and mission
Regulation and security
Finxflo features

CeFi 06
Problems and solutions
Unique positioning of Finxflo
Aggregation model
Platform features
Problem: Price and market inefficiencies
Exchange aggregator
User interface (prototype)

DeFi 14
Problems and solutions
Unique positioning of Finxflo
Aggregation model
A global protocol aggregator

The FXF token and the roadmap 19

The FXF token and allocation
Timeline stage 1 & 2

The Team 23
Advisors 25
DISCLAIMER
This white paper was prepared by Finxflo (FXF) with the purpose of providing interested
parties information about FXF and the native token to be used to trade on the FXF aggregation
platform (the “FXF Token”). Please read this disclaimer carefully before proceeding to read
this white paper.

FXF reserves the right to introduce changes to this white paper. In the case of a difference
or differences between the versions of this white paper, the latest version of the white paper
published on our website www.finxflo.com shall prevail, and all previously published versions
are considered to be invalid.

Whether taken as a whole or read in part, this white paper is not, and should not be regarded
as, any form of legal, financial, tax, or other professional advice. You should seek
independent professional advice before making your own decision as to whether or not to
receive any FXF Tokens. You are responsible for any and all evaluations, assessments, and
decisions you make in relation to purchasing the FXF Tokens.
The tax characterization of FXF Tokens is unclear. Accordingly, the tax treatment to which
they will be subject is uncertain. All persons who wish to receive FXF Tokens should seek
independent tax advice prior to deciding whether to receive any FXF tokens. FXF does not make
any representation as to whether any tax consequences may arise from purchasing or holding
FXF tokens.

This white paper, together with any accompanying verbal presentation does not comprise a
prospectus or admission document and does not constitute or form part of, and should not be
construed as, any offer or invitation to sell or any solicitation of any offer to subscribe
or purchase any shares or other securities or any other entity by which projects promoted by
FXF are to be held and/or developed.
This white paper and any part hereof may not be distributed or otherwise disseminated in any
jurisdiction where offering tokens in the manner set out this white paper is regulated or
prohibited.

Any distribution of this white paper and the offer and/or sale of FXF Tokens may be
restricted by law in some jurisdictions. It is the responsibility of each recipient of this
document to inform themselves about and to observe any applicable legal requirements. By
viewing this white paper or purchasing FXF Tokens you represent and warrant that you are
legally permitted to do so and assume all responsibilities for complying with applicable laws
and regulations.

Certain statements and opinions in this document are forward-looking, which reflect FXF’s
current expectations and projections regarding the probable development of FXF and its
projects. Statements which include the words ‚‘expects’, ‘plans’‚ ‘believes’, ‘projects’,
‘anticipates’, ‘will’, ‘aims’, ‘may’, ‘would’, ‘could’, ‘continue’ and similar statements are
of a future or forward-looking nature. By their nature, forward-looking statements involve a
number of risks, assumptions and uncertainties that could cause actual results or events to
differ materially from those expressed or implied by the forward-looking statements. These
risks and uncertainties include (i) changes in the conditions of the stock or cryptocurrency
markets, as well as changes to the regulatory environment in the countries where FXF will
conduct its business and business activities; (ii) changes in the conditions of competition
under which FXF operates; (iii) the risk that FXF may not be able to implement its plans and
business or may not have sufficient funds to continue; and (v) other factors beyond the
control of FXF. FXF expressly disclaims any obligation or undertaking to update any
forward-looking statements to reflect any change in their expectations or any change in the
events, conditions or circumstances on which such statements are based.

FXF does not provide any assurances or warranties in this white paper. The contents of this
white paper have not been independently verified and therefore no representation or warranty,
express or implied, is given by or on behalf of FXF as to the accuracy or completeness of the
information or opinions contained in this document. No responsibility or liability whatsoever
is or will be accepted by FXF for any loss howsoever arising, directly or indirectly, from
any use of such information or otherwise arising in connection therewith.
DISCLAIMER
The national and international regulatory framework governing blockchain and distributed
ledger technology, in general and related applications, is in the process of being clarified
and might change. It is possible that the interpretation and application of existing laws and
regulations may be amended or adapted and could also be subject to legislative initiatives at
a national and international level. Clarification of and changes to the regulatory framework
could adversely affect the FXF Token without us having any influence on such developments.
This includes, in particular, the risk that acquired FXF tokens may not, or may no longer, be
usable as originally envisaged due to regulatory restrictions, may become unusable and/or the
FXF marketplace platform may need to be adapted to the regulatory environment.

By accepting this document each recipient agrees that the information contained in this
document may not be used by it for any purpose other than the recipient’s own consideration
of FXF and its proposed projects as referred to in this white paper.

The FXF token is a utility token and its ultimate utility will be dependent on the successful
development of the platform on which it is designed to operate. The FXF Token is not a
digital payment token as defined under Singapore’s Payment Services Act. The FXF Tokens are
not securities as defined under Singapore’s Securities and Futures Act (“SFA”). Accordingly,
the SFA does not apply to the issuance of the FXF Tokens. For the avoidance of doubt, the
offering of FXF Tokens need not be accompanied by any prospectus or profile statement and no
prospectus or profile statement needs to be lodged with the Monetary Authority of Singapore
(“MAS”).

FXF Tokens are intended for people who are familiar in dealing with cryptographic tokens and
blockchain-based software systems. The smart contracts executed on the Ethereum blockchain
may contain flaws, vulnerabilities or issues which could cause technical problems or the
complete loss of FXF tokens.

The acquisition of FXF Tokens does not represent an brokerage of cryptocurrencies for any
form of share or security, and does not confer any right to any dividend, interest or similar
financial entitlement. FXF tokens are functional utility tokens to be used on the FXF
platform.

FXF’s performance may be interrupted, suspended or delayed due to force majeure

circumstances. For the purposes of this white paper, force majeure shall mean extraordinary
events and circumstances and shall include: acts of nature, armed conflicts, war, mass civil
disorders, industrial actions, epidemics, lockouts, prolonged shortage or other failures of
energy supplies or communication service, acts of municipal, state or federal governmental
agencies, other circumstances beyond FXF’s reasonable control.

A private key, or a combination of private keys, will be required to control and dispose of
FXF Tokens stored in your digital wallet. Accordingly, loss of the requisite private key(s)
associated with your digital wallet or vault storing FXF Tokens will result in loss of such
FXF Tokens. Moreover, any third party that gains access to such private key(s), including by
gaining access to login credentials of a hosted wallet service you use, may be able to
misappropriate your FXF Tokens. Any errors or malfunctions caused by or otherwise related to
the digital wallet or vault you choose to receive and store FXF Tokens, including your own
failure to properly maintain or use such digital wallet or vault, may also result in the loss
of your FXF Tokens. Additionally, your failure to precisely follow the procedures set forth
for buying and receiving FXF Tokens, including, for instance, if you provide an incorrect
personal wallet address, or provide an address that is not compatible, may result in the loss
of your FXF Tokens.

Hackers or other malicious groups or organizations may attempt to interfere with our website
or the FXF Tokens in a variety of ways, including, but not limited to, malware attacks,
denial of service attacks, consensus-based attacks, Sybil attacks, smurfing and spoofing.

FXF is in the process of submitting an application to the Monetary Authority of Singapore for
a standard payment institution license in order to provide a digital payment token service.
There is no guarantee that FXF will be granted such license and thus may be prevented from
operating its business.
 www.finxflo.com

Fearless Legends Pte Ltd is a private limited company incorporated in Singapore.

Registration number: 201934989G