UNIX

Create a blockchain-based
decentralized financial ecosystem

Whitepaper V1.0
 Contents
1. Project background.................................................................................................... 3
1.1 Dilemma of the financial industry ................................................................ 3
1.2 Blockchain and digital currency ................................................................... 9
1.3 DeFi one by one decentralized finance ....................................................... 10
2. Introduction to UNIX Ecosystem ........................................................................ 12
3. Introduction to UNIX .............................................................................................16
3.1 Basic ecological structure ........................................................................... 16
3.2 Technical architecture ................................................................................. 18
3.3 Technical features ....................................................................................... 19
3.4 UNIX DAO ................................................................................................. 26
4. Product planning and application scenarios ........................................................ 29
4.1 UNIX DEX ................................................................................................. 30
4.2 UNIX liquidity mining platform .............................................................. 34
4.3 UNIX mortgage lending platform ............................................................ 35
4.4 UNIX convenient payment ......................................................................... 40
5. UNIX TOKEN issuance plan .............................................................................. 42
5.1 Functional value .......................................................................................... 43
5.2 Rights and interests of currency holders..................................................... 44
5.3 Token Issuance Plan .............................................................................. 45
6. Risk warning ........................................................................................................ 46
7. Disclaimer ........................................................................................................... 49
1. Project background

1.1 Dilemma of the financial industry

Broadly speaking, finance refers to the financing of monetary funds, the equivalent

circulation of value and profit, and value circulation is its essence. For ordinary

residents, modern finance refers to the process from saving to investment. The

characteristic of saving is to preserve value, while the purpose of investment is to

increase value.

The financial industry originated from the currency custody and interest lending

business in 2000 BC. In Europe, modern banks were developed from the currency

exchange industry and goldsmithing industry. In 1694, Britain established the first

joint-stock bank, the Bank of England, which established the most basic organizational

form for the development of modern financial industry. The rapid development of the

financial industry has played a huge role in accelerating the accumulation of capital

and the concentration of production.

After a long period of evolution, the modern financial industry has gradually

developed into a variety of financial institutions: securities, banks, insurance, fund

trusts, balance of payments, etc. Financial service institutions use a variety of financial

tools to connect the suppliers and demanders of funds to form a financial market.

Financial service institutions and financial markets together form a modern financial

system. The modern financial industry has become a barometer that fully reflects the
economic development, and occupies a pivotal position in the national economy and

the world economic system.

With the continuous deepening of global economic and technological development

and the change of the times, the shortcomings of the financial industry are gradually

exposed. Since 2008, the loose monetary policies implemented by central banks of

various countries have led to the decoupling of asset prices from the real economy,

widening the gap between the rich and the poor, and extreme social wealth. Inclusive

finance is a new demand of society. Inclusive finance aims to lower the threshold of

financial services, so that more people can benefit and enjoy equal financial services.

Monopoly

Throughout history, the inertia of economic development is monopoly and

concentration. The financial industry based on monetary funds is naturally the same.

The financial industry has become a powerful tool for the rich to maintain their wealth.

The monopoly of the modern financial industry is not only reflected in the strict

government supervision and high industry threshold, but also in its characteristics of

dislike the poor and love the rich. High-quality investment products are monopolized

by the rich.

Investment products launched by financial institutions that have been proven by

historical performance, stable, high returns, and relatively low-risk are called

institutional-level financial products. Their main service targets are high-net-worth

individuals, and their ultra-high barriers to entry and strict requirements on the

amount of funds exclude ordinary investors. Data research shows that the level of

entry barriers is positively related to the quality of investment products.

High-net-worth individuals: People with personal assets of more than $1 million are

called high-net-worth individuals. The 2019 Wealth Report released by Knight Frank

shows that there are 20 million people in the world with assets of more than US$1

million, and the total global population in 2019 is 7,579,238,198. It is concluded that

the world's high net worth population accounts for about 0.26%. And 1% of people in

the world occupy more than 50% of assets.

Data research shows that the average starting amount of global institutional-grade

high-quality investment products is $150,000, which discourages ordinary investors.

The pain of ordinary investors has no choice: ordinary investors other than high-net-

worth individuals have limited funds, and opportunities to obtain high-quality

investment products are scarce. Banks, insurance, treasury bonds, stocks, P2P wealth

management, low-threshold funds have become a wealth management configuration

The only choice. Depositing funds in the bank makes it difficult for the rate of return

to offset the inflation rate; depositing insurance means losing the right to use funds

for a long time; investing in treasury bonds, with little income; P2P thunderstorms

reveal that this industry is unsustainable in its business model; According to statistics

from authoritative organizations, institutional investors in U.S. stocks accounted for

93.2% of the total value. Institutional investors dominate the market, resulting in little

room for retail investors to survive in the stock market; money funds have the same
yield as bank deposits, and securities funds and equity funds are full of dangers.

breath. Ordinary investors in the modern financial system are facing an embarrassing

situation of investment difficulties and no choice.

Regional

The trend of economic globalization is irreversible. High-net-worth individuals prefer

cross-border investment, and overseas real estate and financial investment products

have become popular. However, under the strict control of various countries'

regulatory agencies, especially the complicated global political and economic situation,

it is not so easy for investors to try to get funds out of the country. Ordinary investors

with limited funds have to consider the high cost of cross-border circulation of funds

and serious information asymmetry.

For example, in China, due to the capital account control policy, funds cannot enter

and exit freely, and each resident has a foreign exchange quota of up to US$50,000

per year. If the amount of cross-border investment is large, some special cross-border

investment systems need to be passed. Does crowdfunding work? The answer is no. If

more than 5 different individuals collude and remit the money to the same person or

institution overseas on the same day, the next day, or consecutive days, it will be

judged as an individual split and sale All foreign exchange behaviors will enter the

regulatory blacklist.

Chinese investors want to invest in overseas markets, mainly by subscribing to special

asset management products (trusts, asset management plans, etc.) of various financial
institutions, and the asset management products carry out special institutional

arrangements for investment in overseas markets, several million dollars or even The

investment threshold of tens of millions of dollars makes ordinary investors few direct

investment opportunities.

Under the current financial system, the handling fee for international remittances is

usually high, with an average rate of about 7%, and the remittance cycle is long.

Ordinary investors with limited funds will pay high costs for this. At the same time, due

to the limited amount of control resources, It is difficult to make detailed due

diligence on overseas investment products, and there is a problem of information

asymmetry, which intensifies investment risks.

In summary, due to direct factors such as supervision, capital cost, and information

asymmetry, cross-border investment is very unfriendly to ordinary investors.

Transparency

The financial industry information is not open and transparent enough, and the source

of reinvestment income is often invisible to investors. In the process of financial

investment, in theory, the entire cycle needs to be open and transparent, so that

investors can understand the actual situation of the capital, the capital control, actual

income, risk control, etc., to judge whether the investment target and product are true,

and the regulatory aspects Need to understand the transaction process and whether

the contract is true.

In addition, affected by various factors such as capital market policies and market
conditions, the majority of ordinary investors face unstable returns during the

investment process, and the problem of difficult capital preservation cannot be solved;

the information privacy law is not sound, and there is a lack of supervision of

centralized financial institutions. Under the circumstance, investors’ personal private

information is being sold on a large scale, and the current financial system lacks

effective technical means to solve it.

"Efficient Market Hypothesis" and "Black Swan" Incident

There is a theory in financial economics called the "efficient market hypothesis", which

believes that in a stock market with sound laws, good functions, high transparency,

and sufficient competition, all valuable information has been reflected in the stock

price trend in a timely, accurate and sufficient manner. Including the current and

future value of the enterprise, unless there is market manipulation, it is impossible for

investors to obtain excess profits above the market average by analyzing past prices.

That is to say, the more efficient the market, the more equal the income received by

each market participant, and the more difficult it is to obtain excess income. The

inclusive nature of decentralized finance can promote the formation of an effective

market, and further enhance the effectiveness of the overall financial market by

improving information dissemination, information analysis, and removing barriers to

transactions.

At the same time, in the past 20 years, the frequent occurrence of "black swan" events

has also hit the financial industry many times. From the 9.11 incident to the 2008
subprime mortgage crisis, to the outbreak of the new coronavirus in early 2020, all

have affected the direction of the world economy.

Affected by the epidemic, the global economy will plunge into negative growth in

2020, and the worst economic situation since the Great Depression in the 1930s will

appear. Therefore, central banks of various countries have to implement unlimited

easing policies, leading to asset bubbles, making it more difficult for ordinary people

to participate in the financial market, unable to achieve asset appreciation, and the

gap between the rich and the poor is increasing.

1.2 Blockchain and digital currency

Digital currency is making history and becoming the mainstream with a unique

attitude. A new monetary and financial system affects the global economic structure

and impacts the existing financial system. Bitcoin futures contracts have successively

landed on many traditional well-known financial exchanges around the world. China,

the world’s second largest economy, will officially launch its central bank digital fiat

currency to serve the world’s largest population. Facebook, JP Morgan Chase,

Walmart and other large commercial entities intend Use digital currency to expand

service territory and consolidate existing territory. The first and now the world's largest

digital currency by market value is Bitcoin.

In 2008, Bitcoin was born. "Bitcoin: A Peer-to-Peer Electronic Cash System" describes

an integrated application of peer-to-peer networks, encryption algorithms, consensus

mechanisms, time stamps and other technologies to build intermediary-free

applications. Electronic cash system. People gradually realized the value of the

technological system behind Bitcoin, and Blockchain officially moved from behind the

scenes to the front. The safe and stable operation for ten years has verified the

reliability of the underlying system Blockchain.

Since this technical system realizes a data recording method that guarantees multi-

party participation and trust, it has the characteristics of distributed, tamper-proof,

transparent and reliable, and high reliability. It is used in financial services, Internet of

Things, social welfare, Many fields such as supply chain management have application

potential.

With the development of practice, the increasing attention of blockchain has been

proved its huge application potential in the field of financial services. The global

understanding of the blockchain is gradually moving towards consensus. The

blockchain is regarded as a new type of infrastructure after the Internet, which solves

the long-time criticized trust problem of the Internet with information flooding, and is

called the "machine of trust". ".

1.3 DeFi one by one decentralized finance

Technology has given new vitality to finance, and the combination of finance and the

Internet has produced Fintech. Through big data, artificial intelligence and other

technologies, it can help traditional financial companies to better identify users and
match products, provide personalized services, reduce service costs, and improve

service efficiency. Fintech is rooted in the traditional financial system and its long-

standing trust mechanism, which is an upgrade to finance.

The combination of finance and blockchain has produced a new species closer to the

future—DeFi (Decentralized Finance), decentralized finance. Encrypted payments,

decentralized transactions, encrypted lending, prediction markets and derivatives

transactions, fund management, etc. are all within the scope of DeFi, and more forms

are being continuously developed, and any technically feasible concept can be built

into reality. Broadly speaking, DeFi belongs to the category of Fintech, but DeFi and

Fintech are fundamentally different. DeFi is a transformation of finance rather than an

upgrade. A new decentralized financial system has emerged. The core of this system is

inclusiveness. financial.

The shackles of the unfair distribution of financial resources under the current financial

system are being tried to break the open financial sector. Explore more efficient

technologies and more applicable business models, so that everyone has the

opportunity to enjoy equal financial services, ordinary investors have the opportunity

to also enjoy the services of high-net-worth individuals, and have the opportunity to

participate in high-quality institutional-level finance Products, achieve equal wealth

growth, and achieve deeper and broader financial inclusion.

Therefore, the emergence of decentralized financial platforms is to create a fairer

financial environment, so that everyone, regardless of location and assets, can

participate in the financial market and enjoy asset appreciation. Its main advantages
can be summarized as the removal of trading barriers, which are reflected in the

following points:

Trading unit: General stocks (Shanghai/Hong Kong) are traded in one lot of 100/1000

shares, the DeFi platform can support trading units of 0.001 or smaller

Low threshold: 1 USD can be traded, no bank account required, mobile phone

authentication transaction

At your fingertips: cross-international, cross-market, cross-language, cross-time, multi-

currency trading platform

2. Introduction to UNIX Ecosystem

UNIX is the forerunner of the permanent liquidity of the DEFI governance token UNI

and the offsetting of impermanent losses, an inflation token based on liquidity and at

the same time through permanent liquidity governance to offset impermanent losses,

the next generation of intelligent aggregator. The Jurong Finance platform, which

supports multiple DeFi protocols, is based on the UNI fork, which simplifies the user

threshold and provides a lower fee rate to promote the DEFI ecosystem. UNIX pools

the different tokens deposited by users into different pools, and then mobilizes funds

from a certain token pool to participate in different liquidity mining according to the

strategy, thereby achieving higher returns. The UNIX development core team comes

from the United States, China, and South Korea. Its purpose is to improve some of the

shortcomings of UNI. UNIX aims to improve the design of the AMM mechanism in
terms of price curve and contributor rewards.

UNIX cuts from the perspective of inclusive finance, stands on the position of large-

scale middle-class investors and low-level investors with limited capital, and tries to

solve the problem of global ordinary investors and the current financial system by

building an open community of inclusive high-quality investment products. The

dilemma facing: monopoly, territoriality, opacity and privacy protection. UNIX is a

new generation of institutional-level inclusive financial infrastructure. Its birth has

brought dawn to the inclusive finance of hundreds of millions of ordinary investors

around the world. It has the following irreplaceable characteristics and advantages:

Broader global financial services

Institutional service providers create and release high-quality investment products

with low thresholds for global investors. Anyone can easily access UNIX financial

services through the Internet or smartphones. This breaks through the strict regulatory

restrictions in the traditional financial sector and imposes restrictions on user identity,

wealth, Strict geographical restrictions.

Cross-border circulation of barrier-free funds

UNIX established a new monetary and financial system to provide a convenient

channel for the circulation of funds. Value transfer can be achieved through the pass,

which not only breaks through the regional regulatory restrictions, but also skips

expensive transfer institutions, effectively reducing the cost of cross-border circulation

of funds.
Transaction censorship resistance

The UNIX system ensures that transactions are unchangeable and the underlying

network cannot be closed by centralized institutions. At the moment when the global

political and economic situation is unstable, the financial system is seriously

threatened, high-quality investment products are scarce in the world, and the wealth

of citizens of certain turbulent countries cannot be effectively preserved. People can

use UNIX to protect and create their own property.

Information transparency and privacy protection

In UNIX, information is highly transparent. The source, flow, value, and time of each

fund will be recorded and stored in the computer system of all users; at the same time,

the user’s personal privacy information and data will be recorded. High-strength

encryption protection, the public transaction data after desensitization processing is

available for personal and third-party audit institutions to inquire.

UNIX is committed to allowing ordinary investors around the world to enjoy high-

quality investment products that are usually only available to high-net-worth

individuals, so that even investors far away in China can enjoy financial services in the

UK. Based on the existing resource advantages, UNIX focuses on anti-financial

monopoly, barrier-free cross-border circulation of funds, and a high degree of

openness and transparency. It is committed to attracting institutional-level financial

service providers to join the UNIX Inclusive Financial Infrastructure Alliance to create

a new generation of institutions Class-level investment in inclusive financial

infrastructure meets the "rigid needs" of ordinary investors and realizes "freedom" of

investment.

According to the above, we have reason to believe that the blockchain will be a

market with more development potential and a future worth investing in for a long

time to come. Therefore, we are actively involved in the development of the

blockchain industry, and strive to awaken the new world economic ecosystem through

the blockchain ecology, and further explore information technology to better serve

mankind.

The UNIX ecology integrates blockchain technology, currency value and circulation

system, financial investment advisory and smart payment. The currently planned

project applications include wallets, smart payments, and other full-scene applications

and expansions related to blockchain technology. At the same time, in terms of legal

supervision, UNIX holds a full license for digital currency exchanges. The license is a

legal operation license for digital currency recognized and regulated by the

government. License holders can carry out mining, ICO and open exchanges in

accordance with the law. This business is one of the rare international platforms that

are regulated and recognized by the government.

We believe that, as the beneficiaries of the times, we have the right and obligation to

help society build a better economic development mechanism. In addition to the deep

technological precipitation and rich industry experience accumulated during the early
entry of the industry, we will also share development resources and industry

exploration experience with the public, and share autonomy rights and project

ecological benefits with all supporters who follow the network ethics , So as to

continue to maintain the integrity and continuity of the overall ecosystem.

3. Introduction to UNIX
3.1 Basic ecological structure

In order to realize the infrastructure construction of the UNIX ecosystem, UNIX will

build the world's first decentralized financial ecological chain as an operating system-

level blockchain solution. The goal of UNIX is to establish an independent, open, fair,

and public blockchain ecosystem, to create a stable currency system that is not

affected by the international situation and political interference, and truly reflects the

reality of the global market economy, as well as a complete and continuous

optimization, The automatically evolving financial infrastructure starts from the

bottom of the technology and serves global users.

Modern Internet technology applications should be built on the following foundations:

1) Simple, safe, easy to use, convenient and in line with user habits.

2) Reduce the cost of capital use and seamlessly open up a series of consumption links
such as selection, purchase and payment.

3) The cost of financial investment is subtracted to reduce the cost of intermediate

links and time waiting.

4) The application has no geographical restrictions, allowing global users to have

equal opportunities to participate and establish more direct contacts with each other.

5) Capital is the foundation of industrial development. How to promote the economy

to promote the major industries in the market is a long-term solution.

Therefore, UNIX mainly presents the following characteristics:

1) The system can carry billions of accounts and traffic, and has the characteristics of

extremely high throughput and low latency.

2) Global deployment of nodes, decentralization highly guarantees the security of

financial data and assets.

3) Flexible underlying architecture settings provide convenience for multiple

developments and can derive various ecosystems.

4) Support financial innovation and technological evolution, and ensure that

technology and products keep pace with the times.

5) Store a large number of technical talents and use sufficient strength to support the

innovation and upgrade of the UNIX ecosystem in the future.

3.2 Technical architecture

In order to solve the high-frequency and high-performance financial needs, UNIX's

technical architecture design will refer to the mature Internet's existing network

structure for re-innovative design, with a four-layer blockchain network structure:

public chain layer, multi-chain parallel side chain layer, agreement contract With the

Oracle network layer and modular interface application layer, it creates a blockchain

technology network that can meet the complete DeFi ecosystem.

Layer1: The public chain layer will serve as the underlying main chain to solve the

problem of trust and consensus in distributed scenarios. It is mainly responsible for

asset issuance, asset transmission/storage/destruction, contract deployment,

consensus, data on-chain verification, and network voting. It will use the Tendermint

consensus algorithm to vote through witnesses mortgage Token to ensure the high

concurrency and security of the network.

Layer2: Multi-chain parallel side chain layer will be multi-chain parallel, through a

pluggable, multi-consensus algorithm coexisting mechanism, and through smart

contract execution confirmation and block generation each adopts an independent

consensus mechanism to reduce block generation The extra link of the process is

mixed; because the UNIX technology platform supports plug-in consensus algorithms,

according to different business scenarios, it can be connected to different side chains

and adopt unique consensus systems and algorithms.

Layer3: The combination of financial business and blockchain needs to be realized

through a safe, scalable, and certain number of smart contracts, including asset

issuance contracts, asset custody contracts, dispute dispute contracts, etc. Therefore,

UNIX has set up the agreement contract and Oracle network layer in the technical

architecture to provide a visual, plug-in general smart contract language and smart

contract templates in various financial fields.

Layer4: In the modular interface application layer of UNIX, project initiators only need

to pay attention to the business logic of the product itself, and call the

modules/protocols by "building blocks" to realize the functions required by their

business and deploy them in it. On the selected public chain. At the same time, UNIX

also provides underlying API docking to support different financial application

scenarios to build various financial application services, and achieve direct, simple and

efficient connection and interactive collaboration.

3.3 Technical features

3.3.1 Data chain and application chain cross-chain call

In order to meet the above needs, we build an application ecosystem based on

blockchain and artificial intelligence technology, and provide application developers

with "business and data on the chain". "User profile data sharing". "Artificial
intelligence recommendation system", "business financing", "currency transaction and

payment" one-stop service, but also provides users with massive value blockchain

application ecological entrance. UNIX includes two public chain systems: application

chain and data chain. These two systems implement cross-chain calls.

The UNIX application chain ecosystem has handled the user system and permission

control for application developers, realized the pluggability of the consensus

mechanism, and allowed easy deployment through Docker, allowing application

developers to focus on business logic. Really developer friendly. At the same time, it

provides a regulatory portal to ensure the compliance and safety of the entire

ecosystem, and is more easily accepted by the mainstream enterprise-level market.

The data link realizes a complete system of data collection/data classification/data

induction/data modeling/data transmission/data use. The user’s data is stored in the

data link in the form of user portraits. The data is owned by the user. After the user’s

authorization is obtained , The data link will make cross-chain calls with the

application chain, so that application developers can better serve users.

3.3.2 Pluggable consensus mechanism

Under the current technical background, no consensus mechanism is perfect. Each

consensus mechanism has its advantages and disadvantages. Different application

scenarios may require different consensus mechanisms. In order to respond to

different application requirements, UNIX has designed a set of pluggable

consensus
mechanisms. The so-called pluggability is mainly reflected in two aspects: On the one

hand, UNIX's different parachains allow different consensus mechanisms to be used.

To meet the needs of different consensus applications, users can create their own

blockchain through the API and specify the initial consensus mechanism.

On the other hand, UNIX also supports the upgrade of consensus through the voting

mechanism at any time, thereby achieving a hot upgrade of the consensus mechanism.

UNIX's consensus mechanisms include but are not limited to POW, POS, PBFT,

centralized consensus (Raft), etc.

3.3.3 Super Node

A super node is a distributed computing technology that ensures that the storage and

calculation of each node can be expanded. In order to provide a steady stream of

storage and computing support for the blockchain network.

Storage support

The super node will store the complete information of all historical transactions. How

to support the PB-level capacity is very challenging.

The underlying KV storage engine of UNIX mainly has the following characteristics:

1) Transactional table system: Through the flattening of prefix encoding, it supports

multi-chain + multi-table, and can ensure the atomicity of cross-chain transactions;

2) Multi-disk technology: Realize the virtual mapping layer from KV storage to the

underlying file system, support single-machine multi-disk storage, thereby supporting

large-capacity data storage;

3) Hybrid disk technology: realize adaptive scheduling of hot and cold data, store low-

frequency data in SATA media or cloud storage, and store high-frequency data in SSD

media;

4) Cloud optimization: Achieve DFS adaptation layer, support distributed file system,

storage capacity can theoretically be expanded to PB level. Combined with mixed disk

scheduling to ensure optimal performance.

Calculation support

Under the non-POW consensus mechanism, the main calculation volume of super

nodes is transaction chaining and contract execution. Many blockchain software

execute transactions and contracts serially, and can only use a single core when

optimized to the extreme, and the hardware utilization is very low. Super nodes use a

combination of multi-core parallel computing and distributed computing to improve

computing efficiency.

1) Multi-core parallel computing: UNIX constructs N DAGs of transactions to be

packaged through the dependencies of smart contracts. The transaction and contract

execution of each DAG runs in parallel on multiple CPU cores, and the nodes without

path dependence inside the DAG can also be executed in parallel, which can maximize
the utilization of the CPU and break through the system throughput bottleneck.

Parachain and regressive sidechain technology can also effectively utilize multi-core

concurrency;

2) Distributed computing: UNIX will build a distributed scheduling cluster for

transaction execution in the future. Parallel transactions and multi-chain transactions

in the chain can be distributed to the scheduling cluster for execution, thereby taking

advantage of the scalability of distributed computing.

3.3.4 Smart Contract

UTXO Base's smart contract model

We believe that UTXO (Unspent Transaction Output) has better concurrency

performance than the Account balance model, as well as better performance for

popular accounts. The bottom layer of UNIX is based on the UTXO model, so

any optimization for the Bitcoin system is applicable to UNIX.

UNIX has expanded the smart contract on the basis of UTXO. Various contract

virtual machines can be loaded in the expansion area. Each contract machine needs

to implement two interfaces for running the contract and rolling back the contract.

The rollback mechanism is designed to cope with the fork. We have optimized three

aspects of contract rollback. Users can choose one of them to implement:

1) Custom rollback Luo Ji;

2) Use blockchain data operation log to generate reverse rollback log and

automatically generate rollback logic;

3) With the introduction of MPT, no rollback support is required for forks, but only KV

storage capacity is available for the time being.

Smart contract compatible

1) UNIX internal bone contract mechanism

The built-in contract mechanism stipulates the interface for writing smart contracts.

Smart contracts can be written directly in current languages (Go, C++, Java, etc.) and

placed in UNIX. Currently, UNIX's Kernel API and consensus mechanism algorithms

are implemented in this way.

Developers can directly write new smart contracts and put them into the UNIX network,

and UNIX will provide certain security isolation and protection. Generally, this mode is

only recommended for the deployment of alliance chains, because public nodes will

refuse to provide computing power for the chain due to security issues.

In the future, smart contract stores and security audits of smart contracts will be

introduced to ensure that the released smart contracts are safe, so that public nodes

can rest assured to support.

2) Third-party compatibility

UNIX directly supports the Solidity language of Ethereum. Ethereum's smart

contract code can be deployed and executed in UNIX. UNIX also supports

WebAssembly and
supports any language through it. In theory, UNIX supports the operation of

any virtual machine.

3.3.5 Lightweight node technology

UNIX supports lightweight node technology when it is designed. Light nodes

can complete data access and verification by synchronizing a small amount of

data.

Lightweight clients can be deployed on PCs, mobile phones, embedded devices and

other devices, and can effectively access blockchain network data without computing

power and storage support.

3.3.6 Privacy protection and security

UNIX supports a variety of mainstream privacy protection and security mechanisms,

including but not limited to:

1) Generate the random number seed by obtaining the random generated on the

user's device, and then use the key derivation function to enhance the randomness,

and finally generate the ECC public key private key pair;

2) Introduce hierarchical encryption technology to reduce the possibility of key

leakage and cracking. It also prevents the possibility of guessing personal privacy

through transaction records;

3) In order to prevent address collisions and input errors, use high-strength hashing

and digest algorithms and check codes to ensure the legality of addresses;

4) Introduce language affinity mnemonic phrase technology, users can restore their
digital wallet as long as they remember the mnemonic phrase.

3.4 UNIX DAO

A Decentralized Autonomous Organization (DAO) is an organization that is

autonomously managed by the rules set by its deployed smart contracts. DAO is

essentially a DApp, but it will no longer be controlled by the development team after

its official operation. The difference between DAO and DApp lies in management and

autonomy. The source code and future roadmap of the DApp are managed by the

development team or an organization, while the DAO is truly autonomous. Its role and

operation mode are all pre-set in the smart contract code, where the code is the law.

Combining the needs of many excellent DAO platforms, products, and UNIX ecology,

UNIX DAO is divided into five layers of architecture, namely, the basic technology layer,

the governance operation layer, the incentive mechanism layer, the organizational

form layer, and the expression form layer.

The bottom layer is the basic technology layer. The basic technology layer

encapsulates all the infrastructure supporting DAO and its derivative applications,

including basic Internet protocols, blockchain technology, big data, and the Internet of

Things.
The basic Internet protocol DAO is generally built on the P2P network to organize

nodes scattered around the world to participate. Therefore, the basic Internet protocol

is the lowest-level infrastructure of DAO.

The most notable feature of blockchain technology DAO is decentralization and open

autonomy. Blockchain is the core technology for DAO to realize its functional

characteristics.

Based on big data and open source intelligence analysis methods, big data can collect

real-time status data of DAO nodes running in the blockchain system, in-chain

transaction data and system operation data, so as to grasp and predict the evolution

and development trend of DAO.

The Internet of Things blockchain can be combined with the Internet of Things

technology to form an Internet of Things chain, so as to digitally transform the smart

devices and physical assets in the physical space under the chain and integrate them

into the blockchain.

The second layer is the governance operation layer. The governance of UNIX DAO is a

kind of intelligent autonomy. According to the nature and goals of the organization, a

series of open, fair and consensus systems are coded through smart contracts.

Digitization is the starting point, artificial intelligence technology is the guarantee, and

on-chain and off-chain collaboration. To realize the autonomy and self-evolution of

the organization for governance means and the creation of group value without

boundaries.
The third layer is the incentive mechanism layer. Based on the UNIX public chain,

each DAO can issue its own project token, and can usually set the issuance volume,

circulation, lock-up period, distribution method and other relevant elements of the

token model according to project attributes. . The initiators, developers, and other

stakeholders of the DAO own the system property rights in a shared form, while the

main economic incentives for other participants are tokens based on the UNIX public

chain. With the help of the financial attributes of the encrypted digital asset, the

tokenized mapping of goods and services allows them to realize low-cost or even

zero-cost transactions and cutting on the blockchain.

The fourth layer is the organizational morphology layer. The UNIX DAO based on the

value network is a mixed-order, flat, parallel (virtual and reality), multi-centered

ecological three-dimensional network organization structure that combines humans

and machines. It breaks the functional organization structure based on division of

labor and realizes The transformation from vertical coordination to parallel

coordination, from orderly to mixed order, from the pursuit of stability and

solidification to the pursuit of relative stability and dynamic balance, and from a

relatively single form to a diversified form.

The fifth layer is the expression layer. DAO has various manifestations. According to

the services provided, it can be either a digital currency, a system or an organization,

or even an interconnected intelligent machine. According to the control of the

organization, DAO can be either distributed fully centralized or multi-centered. In the

UNIX ecosystem, each DAO has its own unique consensus and agreement, and each

node has the right to view the tokens it owns and obtain corresponding dividends, but

the DAO still needs to rely on the existing legal framework to carry out business

activities . Then, it will be presented in the model of an open source community or

other organizations to promote the DAO's on-chain and off-chain collaborative

governance.

At this stage, from the perspective of theoretical research and practical applications,

DAO still has some problems, and there is still a long way to go before large-scale

applications. Therefore, UNIX DAO is still in its infancy. It is facing many challenges

while iteratively upgrading the previous organizational form, business model, and

management methods. However, UNIX will aim to establish a complete DAO

ecosystem, realize the transition from DApp to DAO, and provide individual and

organizational developers with simple and efficient DAO development modules so

that they can carry a rich and diverse financial services and products, as well as the

ecological Value storage and circulation.

4. Product planning and application scenarios

4.1 UNIX DEX

4.1.1 The meaning of DEX

Presumably, many people are already familiar with the problems of centralized

exchanges. Whether they are practitioners or investors, they can only shake their

heads, sigh, and do nothing. The industry technology is not yet mature, even if the

symptoms are known, they can only be used.

Hackers steal, investors suffer losses; exchanges do evil, investors suffer losses;

founder Xiaobuxin has an accident, investors can only admit that they are unlucky... In

a word, using a centralized exchange, your assets are always There are potential safety

hazards, and they are missing at any time.

A series of bad phenomena in centralized exchanges:

One is the low cost of centralization. Facing risks that seriously affect the security of

users’ assets, including internal operational risks, business ethics risks, and asset

embezzlement. In October 2013, the Bitcoin exchange GBL was suddenly closed, the

person in charge ran away with donations, and users lost 20 million US dollars in

assets. In February 2014, Mt.Gox 850,000 bitcoins were stolen by guards, the famous

Mentougou incident. In January 2017, Bitcoin's Asian Lightning Trading Center ran

away, and took hundreds of millions of funds...

The second is the centralized third-party custody of assets. It incurs a huge risk of

hacker attacks, which tests the technical capabilities and emergency response

capabilities of the website. There are also many famous cases. For example, on August
15, 2014, the cryptocurrency exchange Biter was stolen by hackers of 50 million NXT,

worth about More than 10 million yuan. In August 2016, 120,000 Bitcoins were stolen

on Bitfinex in Hong Kong due to a security breach on its website, worth 65 million US

dollars at the time. On January 26, 2018, the cryptocurrency exchange Coincheck was

stolen by hackers and a large amount of NEM was stolen, with a loss of more than

RMB 3 billion. On March 7, 2018, the cryptocurrency exchange Binance was attacked

by hackers. Although they did not lose coins, hackers also used the mechanism to cash

out shorts, and many investors suffered heavy losses.

In contrast, in terms of security issues, decentralized exchanges have a lot of room for

development.

Unlike centralized exchanges that store and control customer assets, decentralized

exchanges do not control customer assets. On the contrary, assets are stored in a

distributed manner, usually by users or the exchange software itself. In this way, there

will not be a single entity as the owner of all cryptocurrencies in the exchange, and the

risk of loss will be much lower. It has two main characteristics: anonymity. Only one

public key is required to use a centralized exchange. At the same time, the creators of

some centralized exchanges claim that they only release open source software and are

not responsible for the community's use of the software, thus avoiding KYC and AML

issues. safety. In the past 10 years, more than 30 centralized exchanges such as Mt.Gox

and Coincheck have been hacked. Until now, hackers’ attempts to steal have never

stopped. Every day, hackers are trying to find vulnerabilities in the centralized system

through various methods. Since decentralized exchanges exist in computer networks,

it becomes more difficult to attack decentralized exchanges. There is no single point

of entry or failure. This makes decentralized transactions more secure.

4.1.2 The current problems of DEX

1. Low liquidity and adoption rate. Decentralized exchanges are still not as popular as

centralized exchanges. As a result, they have fewer customers, transaction volume and

liquidity, and the transaction settlement time is much longer.

2. No professional transaction. Due to the lack of advanced trading options, it is not

convenient for professional traders to use decentralized exchanges. In a distributed

environment, algorithmic trading and high-frequency trading are very difficult.

3. Lack of ease of use. To use a decentralized exchange, you usually need to connect

to a DApp and even install an offline decentralized exchange client. You may need to

configure an independent node and stay online for a long time to complete the

transaction.

4. Minimal customer support. Most decentralized exchanges cannot provide

customers with any suitable support services or accessible channels to influence

transactions or user accounts.

In decentralized exchanges, the types of digital assets that can be traded are also very

limited. For example, for ETH decentralized exchanges, you can only trade digital

assets on the ETH chain because asset operations all occur in ETH. On the chain, only

assets on ETH can be traded. But for users, other assets on the chain also have great

transaction value, such as BTC, TRX, etc.

4.1.3 UNIX DEX Solution

In the complete DeFi application ecosystem, asset exchange will be an essential

infrastructure. Compared with centralized exchanges, DEX as a fairer and more

transparent solution will have a better future. UNIX DEX (HDEX for short) is designed

as an open exchange that anyone can participate in, and is designed as a balanced

pool for direct exchange.

• Asset entry

Anyone in HDEX can trade valuable assets on HDEX through cross-chain protocols.

• Trading pair creation

On HDEX, there is no review permission and approval to create trading pairs. For

trading pairs with higher value, liquidity mining rewards will be provided, which will be

determined by community voting.

•transaction fee

HDEX transactions will charge a certain transaction fee, the transaction fee and gas fee.

Transaction fees are determined by community voting, and gas is determined by the

network. 50% of the transaction fee will be repurchased and destroyed for HUR, and 50%

will be collected in the community fund and publicized for use.

• Order opening and cancellation

HDEX order opening and cancellation operations need to be executed through

transactions, and transactions will be sent by users. Subsequent matching or

cancellation operations will only take effect after the transaction is successfully

packaged in the block. Assets are locked in the process of buying and selling orders.

For outstanding orders that have not been executed, the assets in the outstanding
orders can be unlocked by canceling the order to restore the normal use of the assets.

The transaction of opening and canceling orders requires basic transaction fees to be

paid to miners.

4.2 UNIX liquidity mining platform

UNIX's liquid mining platform, users can pledge LP Token to get UNIX TOKEN

mining rewards.

Farms provides two mining modes: Ordinary Farming and Double Farming. Through

dual mining, one asset can be used to obtain two rewards.

Users can participate in mining by staking LP Token (supporting LP Token such as

UNI-V2 LP) in the corresponding mining pool to earn UNIX TOKEN mining rewards.

The released UNIX TOKEN will be distributed to each mining pool according to a

specified ratio, and UNIX TOKEN rewards will be distributed in each mining pool based

on the proportion of LP Token pledged by users.

Participate in dual mining by staking LP Token (supporting UNI-V2 LP) to earn UNIX

TOKEN.

Among them, the LP Token pledged by users in Double Farming will generate xLP

Token through the LP Token Bar. The xLP Token will be pledged on the Farms

platform for mining and distributed to users who pledged LP Token; the original LP

Token will be returned to Uniswap Farms and UNIX Farms Other platforms that

support mining select the best profit for mining. The mining profit will be repurchased
through the Exchange platform (DEX) and distributed to users who pledge LP Token.

4.3 UNIX mortgage lending platform

The lending agreement is one of the most critical functional agreements in the UNIX

ecosystem. It provides an interest rate market and dynamically attracts liquidity

through interest rates. The interest rate market for cryptocurrencies is a wormhole that

connects two parallel worlds (the new world and the old world) and allows arbitrage in

and out of the two systems. The interest rate market is also the most critical

infrastructure in modern finance, controlling basic capital allocation. Due to the

interoperability and composability of its assets and liquidity, the loan agreement has a

strong competitive advantage in terms of capital efficiency. Borrowing creates the

interest rate market, which provides the income of capital (ie stable currency) and

compensates the opportunity cost of holding capital in the open financial network.

4.3.1 Problems with decentralized lending platforms

Due to low design efficiency, the decentralized lending platform implemented by the

Ethereum blockchain failed to generate a large number of transactions, which brought

high friction costs to borrowers and lenders. In particular, these implementations

require users to create and market their loan offer or request records on the

blockchain, which requires lenders and borrowers to spend money every time they

publish, modify or cancel a loan. In most cases, lenders and borrowers cannot even

modify, suspend or cancel loans before reaching an agreement with the counterparty.

Frequent modification of loan quotes in response to changing market conditions is

costly and time-consuming. In addition to bringing high costs to borrowers and

lenders, most decentralized lending platforms can only provide a lending market for

digital assets in one blockchain. The most popular blockchain is Ethereum. The lack of

cross-chain lending capabilities limits the use cases and market size of its platform.

Some implementations try to provide cross-chain digital asset loan services. However,

they position themselves as trustworthy custodians between lenders and borrowers.

This centralized approach cannot solve the risk of custodians and exposes user funds

to theft or cyber attacks in a high-risk environment.

Most decentralized lending platforms do not have a decentralized governance

structure and cannot return platform functions to end users. Although from a

technical point of view, blockchain technology is used as its back-end service to

generate and deploy loan smart contracts, but its governance structure and business

model are no different from traditional centralized entities. The value distribution and

key parameters of the platform are controlled by the development team, which

contradicts the decentralized core value. The decentralized core value is to release the

seized profits and control rights from intermediary agencies to end users to achieve

financial democratization.

Most lending protocols are deployed in Ethereum, and the continued congestion of

the Ethereum network is a potential catalyst for the Black Swan incident. When the

mortgage assets reach a certain amount, if too many assets cannot be cleared in time

due to network congestion, the entire system will collapse and face a huge liquidation

crisis. Due to the congestion of Ethereum, traders who hold leveraged positions on
Ethereum-based DeFi platforms face the risk of not being able to reduce their

leverage during volatile periods.

4.3.2 Advantages of UNIX

Cross-chain compatibility allows integration with different blockchains through smart

contract technology, which is another major competitive advantage of the UNIX

platform. This is important because it allows us to provide a wider variety of crypto

assets for lending (instead of just one cryptocurrency like Ethereum). Moreover, the

UNIX platform will not become the custodian of users, and their assets will be stored

on the blockchain in the form of smart contracts. This means that no one has the right

to access these assets until certain pre-agreed conditions are met, thereby eliminating

the risk of the custodian, avoiding cyber attacks and reducing transaction costs.

The UNIX community introduced proof of premium (POP) as a reward and wealth

redistribution mechanism. This is the competitive advantage of our platform, which can

better motivate and attract users to participate more in the UNIX ecosystem, because

they will use the token HUR for rewards based on the value of the premium generated.

HUR token holders will also be granted governance rights to determine the key

parameters of the loan network and wealth redistribution mechanism in order to

cultivate the ownership culture of HUR token holders. The goal of the UNIX platform is

to become the first truly architectural and political decentralization platform, and to

make its own contribution to the achievements of capital market automation to better

serve the future digital economy.

4.3.3 Lending structure

The core of the lending pool. The core contract of the loan pool is the center of the

agreement, holding all reserves and the state of all assets, and handling basic logic

(accumulation of indexes, calculation of interest rates).

Loan pool data provider. The loan pool data provider contract performs calculations at

a higher abstraction layer than the core of the loan pool, and provides data for the

loan pool; specifically: calculate user balance (borrowing balance, collateral balance,

liquidity balance) to evaluate users Allowable borrowing amount and health factors.

Summarize data from the core of the loan pool to provide high-level information for

the loan pool. Calculate average loan value and average liquidation ratio.

Loan pool. The loan pool contract uses the loan pool core and the loan pool data

provider to interact with the reserve through the following operations: deposit,

borrowing, interest rate swap, and liquidation. An advanced feature implemented in

the loan pool contract is the tokenization of loan positions. When a user deposits in a

specific reserve, he will receive a corresponding number of tokens, which map the

stored liquidity and accumulate the benefits of the deposited underlying assets.

Loan pool configurator. The loan pool configurator provides the main configuration

functions for the loan pool and the core of the loan pool: reserve initialization, reserve

configuration, allow/prohibit borrowing on reserves, enable/disable the use of specific

reserves as collateral. The loan pool configurator contract will be integrated into the

loan agreement governance.

Interest rate strategy. The interest rate strategy contract acquires the information
needed to update the interest rate of a specific reserve and implements the update of

the interest rate. Each reserve has a specific interest rate strategy contract.

Governance. The authority of the protocol is controlled by the HUR token. Initially,

UNIX will be launched with decentralized on-chain governance based on the DAO

Stack framework, which will evolve into a completely autonomous protocol. On-chain

means that all votes are binding: actions after voting are hard-coded and must be

executed.

4.3.4 Loan Contract

deposit

The UNIX loan agreement is built on the TRON blockchain, which can directly run

TRON assets to enter, and other chain assets can also enter the UNIX currency market

through a cross-chain agreement. The currency market calculates interest rates based

on algorithms, and depositors of assets interact directly with the agreement to earn

floating interest rates. The currency market records all historical interest rates and

historical records. Different from the peer-to-peer lending platform, UNIX aggregates

the deposits of all users on this platform. Borrowers operate directly from the fund

pool, which has more liquidity than peer-to-peer lending. According to the deposit

time and amount, UNIX will reward each user with a corresponding proportion of HUR

tokens.

loan

UNIX allows users to use multi-chain assets to enter the system as collateral to easily

borrow assets from the lending pool. Unlike peer-to-peer agreements, borrowing
from UNIX only requires the user to specify the required assets; there are no terms,

terms, or financing periods to be negotiated; borrowing is instant and predictable.

Similar to the provision of currency assets, every currency market has a floating

interest rate set by market forces, which determines the borrowing cost of each asset.

Each market has a mortgage factor from 0 to 1, which represents the mortgage factor

of the value of the underlying asset that can be borrowed. Non-liquid small-cap assets

have a lower mortgage factor, while high-value liquid assets have a high mortgage

factor. The sum of the account value based on the token balance multiplied by the

collateral factor equals the user's borrowing capacity. Users can borrow at most but

cannot exceed their borrowing capacity, and the account can take no action. These

borrowings will increase the value of their borrowing capacity in the total assets; this

protects the agreement from default risks.

Liquidation

If the account's outstanding loan value is about to exceed its borrowing capacity, a

portion of the outstanding loan can be repaid at the current price of liquidity to

protect the funds of the loan pool. Liquidation is frictionless and does not rely on any

system or anything other than orders.

4.4 UNIX convenient payment

UNIX Pay is an Internet digital asset exchange platform that integrates smart exchange,

blockchain, and big data. It is committed to breaking the shackles of traditional

payment and providing merchants and financial institutions and other demanders with

"simple, safe, efficient and convenient" Innovative digital asset online exchange

solution. At present, UNIX Pay mainly provides intelligent system research and

development, application, consulting and related resource services for enterprises,

merchants and institutions, and has reached cooperation with enterprises and financial

institutions in the fields of foreign exchange, futures, exchanges, stocks, games, e-

commerce, and so on. Millions of users have experienced the convenience of the UNIX

Pay system, while also allowing partners to enjoy the commercial value brought by the

safe and efficient digital asset exchange system. At the same time, UNIX Pay has

opened online and offline payment and settlement functions. It not only has currency

payment and fiat currency payment services, but will also open a cross-border

payment and settlement system that benefits the world, so that everyone can benefit,

pay at all times, and settle everywhere. Experience, will continue to explore and move

forward towards the goal of leading the global blockchain payment technology

platform.

UNIX payment has the following characteristics:

1) Simple process, one-key operation

2) Avoid payment and redemption business risks

3) Resource integration, in line with market supervision policies

4) Pre-prevention mechanism, no acceptance risk

UNIX Pay business mainly includes the following aspects:

1) Digital currency payment

Users can grasp the global opportunities of blockchain assets, and can add

mainstream blockchain assets such as Bitcoin (BTC) as payment methods through

UNIX Wallet, and have implemented offline digital currency payment scenarios

for some cooperative merchants.

2) Cross-border payment

UNIX has a comprehensive and powerful international bank card collection product

and a rich variety of overseas local payment access methods. It can provide all

merchants with a one-stop online payment solution on a global scale, allowing users

to make payments anytime, anywhere, without geographical restrictions Global

transfer allows merchants to simultaneously carry user payment habits from all over

the world, and automatically perform exchange rate payment settlement.

5. UNIX TOKEN issuance plan

UNIX TOKEN is a decentralized digital asset based on the UNIX ecology and issued

by UNIX. It will provide more channels for all users participating in the project

ecology and value realization through the service terminal, and rely on the UNIX

ecological industry chain to realize its token The circulation of its own value. It carries

the ecological rights, circulation attributes and value consensus of UNIX. As the UNIX
ecosystem continues to expand, ecological coins have more usage scenarios.

5.1 Functional value

Ecological application consumption settlement | All projects, application settlements

and consumption in the ecology can use UNIX TOKEN for direct or exchange

settlement;

Transaction fee discount | As a basis for participating in fee deduction, various

business expense deductions, currency holding dividends and other activities; Project

online margin | Can be used as a sub-project or contract transaction margin;

Ecological autonomy voting rights | Participate in UNIX ecological autonomy and

have the right to vote for ecological construction;

Super partner deposit | If you hold a certain amount or proportion, you will become a

super partner and enjoy project ecological dividends

The right to purchase high-quality projects | The price is market-led, and more

investment and value-added space can be obtained through trading.

In order to strengthen the self-recycling development of the UNIX ecosystem, UNIX

TOKEN will be launched by the world's top R&D and design teams after reasonable

planning and construction based on UNIX's deep technical precipitation and industry

resources. As an ecological currency, UNIX TOKEN will also carry various decision-

making decisions of the UNIX ecology, becoming a basic part of its global

community
autonomy, and will also provide an important channel for ordinary users to enjoy the

right to participate in the UNIX blockchain.

5.2 Rights and interests of currency holders

In the UNIX ecosystem, thousands of applications can be ecologically interoperable

through the underlying technology of UNIX, plus the design of hundreds of thousands

of blockchain system application libraries that can be carried, making it the main value

circulation currency one by one UNIX TOKEN, It can be the value support of the entire

UNIX ecosystem. We not only independently research and develop projects and

expandable products, but also radiate the application scope to surrounding financial,

life, culture and various consumer fields, and are committed to building UNIX TOKEN

into a national ecological currency with more international market purchasing power.

In this regard, we will launch ecological mining in the early stage, and will use a certain

percentage of tokens to support community autonomy and application expansion. On

the one hand, we encourage and thank all users who have contributed to the

decentralized financial ecology of UNIX, and on the other hand help The value

application of the blockchain will benefit all people. For example, users can register

UNIX Wallet and UNIX Pay accounts with one click, and then conduct transaction

mining through ecological mutual transfer between the two APPs. Users transfer their

UNIX Wallet USDT assets to UNIX Pay account to obtain the ecological mining income
of the funds , The income will be issued to the user's wallet account in the form of

UNIX TOKEN tokens.

5.3 Token Issuance Plan

5.3.1 Issuance mechanism

UNIX TOKEN tokens, as the overall project ecological token, have a total issuance of

500,000. The UNIX TOKEN token is currently a decentralized blockchain digital asset

issued by Ethereum. After the UNIX mainnet is launched, it will be mapped and

transferred to become a highly liquid and practical token.

5.3.2 Token Usage

As the overall project ecological token, UNIX TOKEN tokens are issued with a total of

500,000. The UNIX TOKEN token is currently a decentralized blockchain digital asset

issued based on Ethereum ERC20. After the UNIX mainnet is launched, it will be

mapped and transferred to become a highly liquid and practical token.

6. Risk warning
There are risks in the development, maintenance and operation of UNIX, many of

which are beyond the control of the development team. In addition to the other

content described in this white paper, participants are requested to fully understand

and agree to accept the following risks:

Market risk

The price of UNIX is inseparable from the situation of the entire digital currency

market. If the overall market is down or there are other uncontrollable factors, it may

cause UNIX itself to have good prospects, but the price is still underestimated for a

long time.

Regulatory risk

Since the development of the blockchain is still in its early stage, there are no relevant

regulatory documents related to the pre-requisites, transaction requirements,

information disclosure requirements, and lock-in requirements in the fundraising

process. Moreover, it is still unclear how the current policy will be implemented. These

factors may have an uncertain impact on the investment and liquidity of the project.

Blockchain technology has become the main target of regulation in major countries in

the world. If the regulatory body intervenes or exerts influence, UNIX may be affected

by it.

Competitive risk

At present, there are many projects in the blockchain field and the competition is

fierce. There is strong market competition and project operation pressure. And with
the development of information technology and mobile Internet, other application

platforms are emerging and expanding, UNIX will face continuous operating pressure

and certain market competition risks.

Brain drain risk

UNIX has gathered a group of technical teams and consultants with leading

advantages and rich experience in their respective professional fields, including many

professionals who have been engaged in the blockchain industry for a long time and a

core team with rich experience in Internet product development and operation. The

stability of the core team and consultant resources are of great significance for UNIX

to maintain its core competitiveness in the industry. In the future development, it is

not ruled out that the departure of core personnel, the loss of core personnel or the

consultant team, may affect the stable operation of the platform or bring certain

adverse effects on future development.

Risk of hacking or theft

Hackers or other organizations or countries have the possibility to interrupt UNIX

applications or functions in any way, including but not limited to denial of service

attacks, sybil attacks, guerrilla attacks, malware attacks or consistency attacks, etc.

Risk of uninsured loss

Unlike bank accounts or accounts of other financial institutions, the assets stored in

UNIX accounts are usually not covered by insurance. Under any circumstances, there

will be no public individuals or organizations that will cover your losses.

Risks related to the core agreement

UNIX is currently developed based on a specific chain. Although the team will choose

the most secure and stable blockchain as the infrastructure, any failure of the chain,

unexpected functional problems or attacks may cause UNIX to Unpredictable ways

to stop working or lack of functionality.

Systemic risk

A fatal flaw in the software that is overlooked or a risk caused by a large-scale failure

of the global network infrastructure. Although some of these risks will be greatly

reduced over time, such as fixing loopholes and breaking through computing

bottlenecks, other risks are still unpredictable, such as political factors or natural

disasters that may cause partial or global Internet disruption.

Unforeseen other risks

Cryptography-based digital gold coins are a brand new technology. In addition to the

risks mentioned in this white paper, there are also risks that the founding team has

not mentioned or anticipated. In addition, other risks may also appear suddenly or in a

combination of multiple risks already mentioned.

7. Disclaimer

Article 1

The purpose of this website is to provide professional international-level trading

platforms and financial products for digital asset lovers and investors around the world

without violating relevant international laws and regulations. It is prohibited to use this

website to engage in all illegal transactions such as money laundering, smuggling,

commercial bribery, etc. If such incidents are found, this website will freeze the

account and immediately report it to the competent authority.

Article 2

When the competent authority presents the corresponding investigation documents

and requires this site to cooperate in the investigation of designated users, or when

the user account is sealed, frozen or transferred, the site will assist in providing

corresponding user data in accordance with the requirements of the competent

authority, Or perform the corresponding operation. This site does not assume any

responsibility for the leakage of user privacy, the inoperability of the account and the

losses caused thereby.

Article 3

If the user of this website violates the relevant laws of the United States because of the

violation of the provisions of this statement, this site, as the service provider, is

obliged to improve the rules and services of the platform, but this website has no

motives and facts to violate the relevant laws of the United States. It does not assume
any collateral effects on the actions of users.

Article 4

Anyone who logs on to this website in any way or directly or indirectly uses the

services of this website shall be deemed to voluntarily accept the constraints of this

website statement.

Article 5

For issues not covered in this statement, refer to the relevant laws and regulations of

the United States. When this statement conflicts with the relevant laws and regulations

of the United States, the relevant laws and regulations of the United States shall

prevail.