Vault Hill

White Paper

An extended reality Blockchain-based metaverse,

designed to make you feel more human

Version 4.0

December 2021
 Table of Content

1
A word from our Founder
3

2
Executive Summary
4

3
Introduction
5 - 6

"Creativity is 4
Market Opportunity
7 - 8

intelligence 5
How Vault Hill City works
9 - 14

having fun"

6
Technology
15 - 18

7
Tokenomics
19 - 25

Albert Einstein
8
Roadmap
26

9
Growth Strategy
27 - 28

10
Team and Advisors
29 - 35

11
Disclaimer and Risk Warnings
35 - 37

12 Thank you 38

MEMBER
1 A word from our Founder
The famous words of Deb Schultz – “Technology changes, humans don’t”. In this world
of accelerated technological innovations, the rise of electric vehicles, the advent of
commercial trips to space and the massive fight on climate change, these are all
indications that we are still humans and evolving our experiences and way of life.

The notion of the virtual worlds became evident to me back in 2017 when the second
crypto craze came about; specifically, virtual land was most intriguing. A couple of years
later, the inkling of conceptualising virtual land with extended reality technologies came
about and birthed the idea of Vault Hill.

Leveraging extended reality, blockchain and artificial intelligence technologies, we aim

to create a metaverse that focuses on the principles of create, experience and share
which enhances the human experience.

The world is constantly evolving, and the market size for the internet, eXtended reality
and metaverse users is growing exponentially. Our metaverse is very community-
oriented; as such, we plan on raising funds through an initial decentralised exchange
offering to ensure our community takes part at an early stage and benefits from sticking
with us on this journey.

I am immensely grateful to lead a diverse and talented team to drive our growth
trajectory and impact positive and constructive change globally.

Thank you for taking the time to read our White paper and join us on this journey to be
the best human-centric metaverse created.

Jimi Daodu
Founder and CEO

MEMBER
2 Executive Summary
Vault Hill aims to create a metaverse called Vault Hill City (VHC) – a collection of virtual
shared space including the sum of all virtual worlds and the Internet. 1In VHC, users can
interact with computer-generated imagery (CGI) and other users. We believe eXtended
reality (XR), a mix of virtual reality, augmented reality, and mixed reality is at the forefront
of enhancing human experiences whilst leveraging the power of blockchain, artificial
intelligence and cloud computing technologies. This supports the innovation of Web
3.0.

VHC proposes to build the first extended reality metaverse focusing on themes of the
basic human instincts, such as curiosity, vision, community, idealism, vitality, romance,
and imagination. In building this, we are starting with the infrastructure of the
metaverse, which is virtual real estate and a product – Virtual land ($VLAND), a non-
fungible token (NFT). The virtual real estate will be designed using urban planning to
give developers and users a sustainable and dynamic experience.

Market Conditions:

As more decentralised metaverses are created, standardising the use throughout the
Blockchain is imperative. In the current state of play, real estate prices fluctuate, land
parcels frequently remain undeveloped, and v-commerce adoption is limited.
Furthermore, the XR hardware is not cost-effective, adding to other market factors that
challenge the virtual real estate space and widespread adoption.

Problem Assessment:

The key challenges are the lack of intuitive and rich user experience for users,
substandard in-built metaverse developer applications for content developers. This is
mainly due to poor development as most metaverses leverage open-source applications
with poor CGIs and output; coupled with poor mesh optimisation.

Ramifications and Repercussions:

Poor CGIs negatively impact the fully immersed and interactive user experience coupled
with several factors that have slowed VR/AR technology adoption rates.
Notwithstanding, significant upsides remain for VR/AR technology and the industry as a
whole. According to Goldman Sachs, the VR/AR industry had a value of $40.4 billion
($24.1 billion – software and $16.3 billion – hardware) as of 2020 with a predicted value
of $80 billion ($35 billion – software and $45 billion – hardware) by 2025.2

Th e promise of a Better Solution:

Vault Hill aims to build an extended reality metaverse that makes us feel a bit more

human every time we visit. A limitless world with a guiding principle – to enhance the
h uman experience.

Cathy Hackl on Forbes

2. Goldman Sachs predicts $80 billion VR industry by 2025
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3 Introduction
3.1 Background

Over the last decade, Blockchain technology has emerged, disrupting the real estate,
entertainment, education, and financial services industries. To grasp the potential of
Blockchain, think about how foreign and overwhelming the Internet felt in when it first
appeared a few decades ago. Now think about about where we are today.

Today, the XR world has begun embracing the possibilities offered by Blockchain
technology as an emerging industry that deals with many challenges in the supply chain,
payment systems, and transaction tracking. Thus, Blockchain technology is poised to
revolutionise innovative start-ups in handling their operations and commercialising their
products to consumers.

XR technologies are at the forefront of the high-tech revolution, reshaping how

businesses position their offerings to improve their consumer experience. This
technology decades ago was pure science fiction but is now made into reality. Virtual
reality (VR) is widely used in all spheres of life, from entertainment and education to real
estate and travel industries. This growth is reflected in the market value as well - in 2019,
the global market value of VR was less than $15 billion. With Covid-19 accelerating
innovative technology, by 2023, it is anticipated to surpass $70 billion.

With XR and Blockchain currently being among the most popular topics globally, it is
proper to explore how these two forces work together. Furthermore, in examining the
current state of the XR industry, it is clear that leveraging Blockchain and cloud
computing technologies will resolve the imminent challenges of security and
authenticity.

Our Vision
Our Mission

To revolutionise extended reality To create a constructive metaverse that

so that it enhances the human focuses on the basic human instincts which
experience. allow for users, content creators, and
developers to explore their unrestricted
creative freedom whilst monetising their
creation in a secure ecosystem.

3. IDC expects AR, VR spending to reach US$70.2 billion in 2023 (theborneopost.com)

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3.2 Problem

We want to transform how people engage with XR. Instead of making us feel less human
and less connected, XR technology can be used to make us feel more human, more in
tune with our emotions, and ultimately more alive.

To get there, we need to overcome a few functional problems first.

User
Lack of intuitive and rich user experienc
Barrier to participation due to access to XR hardware and high costs of
acquisition
Lack of choice - open/closed governanc
Data privacy and sovereignty

Content Creator
Inability to maximise content creation rewar
Lack of content ownership and lifelong royaltie
Poor in-built software application in current metaverse
Inadequate high-quality sustainable content

Investor
Unsustainable economic return
Lack of value creation

3.3 Solution
A constructive metaverse tha
Simplifies creator tools with dynamic user interfaces, which increases
adoption rate
Revolutionises XR to enhance the human experience powered by
Blockchain and artificial intelligence technology

A marketplace tha
Monetises content created by leveraging smart contract
Enables content ownership with appropriate compensation

MEMBER
 4 Market Opportunity
4.1 Market Size

With the fast pace of innovation in technology, extended reality technology is growing
significantly. According to Statista, Finances Online, and CCS Insight, the target
available market (TAM) for the metaverse and extended reality segment is forecasted to
grow at pace over the next four years as depicted in Figure 1.

8,000,000,000 7.5b 2021

2025
Figure 1

Market size comparison 6,000,000,000

4b
4,000,000,000 3.5b

2b
2,000,000,000
250m 1b

Internet Users Externded Reality Users Metaverse Users

4.2 Competitive Matrix

Vault Hill aims to be positioned in the top right quadrant, meaning a principled
metaverse that augments (not replaces) real-life, ensuring every visit to VHC makes users
feel more human. Figure 2 depicts the competition and the assumed space they play in.

Figure 2

Competitive Matrix

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4.4 Business Model
Vault Hill has a unique business model tailored to business-to-business (B2B) and
business-to-consumer (B2C), offering a dynamic yet simplified user experience to access
the metaverse and generate income.

Vault Hill City aims to generate revenue by the following:

Sales of VLAND Developing simulations for

Transaction Fees
users/businesses in VHC

Consulting services for Advertisement of Lifelong royalties from

users/businesses on products/services in VHC the sale of specific
various XR simulations virtual assets built in
tailored to their use case VHC

MEMBER
5 How Vault Hill City Works
At VHC, users can explore the virtual world, build edifices, play games, and interact with
other users. VHC will have the first virtual world with urban planning and development
benefits to ensure users build on their lands respectfully.

The Vault Hill City platform will consist of

Vault Hill CIty Ecosyste
VLAN
Vault Hill City Marketplace

5.1 Vault Hill City Ecosystem

Ecosystem

VLAND

Marketplace

VHC Owner

Users who own virtual land in Vault Hill City. VHC owners have total creative freedom on
their parcel to build fitness and wellbeing centres, museums, art galleries, empathy
training centres, educational centres, or anything else they can imagine while earning
returns as other users interact with the projects on their parcel in line with the urban
planning guidelines. These creations can also be simulated with extended reality to
enrich the user experience. In addition, VHC owners can choose to hold their VLAND
(potentially) to sell later at a higher price in the marketplace.

VHC Creator

Users who possess the original rights to create 3D and XR experiences in VHC
leveraging the innovation of non-fungible tokens (NFTs). VHC creators who create in
VHC can ascribe some of their content creation as NFTs to ensure authenticity and
originality while leveraging Blockchain, artificial intelligence and cloud computing
technology to maintain the highest security level.

VHC User

Users who experience the VHC metaverse, pay for products and services in VHC.

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 5.2 VLAND
The VHC ecosystem is underpinned by 3D boxes covering the entire VHC metaverse.

VLAND will be unique and scarce; only the VHC owners with their private keys of the
Ethereum address owning the VLAND NFT can control it. The safeguarding of private
keys is very important, if this is lost, the control of the VLAND will also be lost forever.

There will only be 10,000 VLAND created and split into four islands; these islands are
aimed to be developed within a four-year period. This is to ensure scarcity and adequate
value creation for users and investors.

Figure 4 shows the VLAND allocation: 70% (7000 VLAND) for sale, 15% (1500 VLAND)
for the Vault Hill team, 10% (1000 VLAND) for the community, marketing and
promotions and 5% (500 VALND) for reserves.

Vault Hill (15%)

Community (10%)

Figure 4

VLAND Allocation Reserves (5%)

Sale (70%)

The base price of VLAND will be determined closer to the release as per the roadmap
and effectively communicated as part of our marketing campaign.

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5.3 Districts within VHC

VHC is circular and made up of four islands. Each island will comprise of seven districts
with different themes based on human instincts and functions, as shown in Figure1 and
2.

District Alpha District Pi

Curiosity Idealism
Desire to learn, achieve, grow and Desire for social justice, causes,
be better what’s “right”

District Beta District Delta

Play Romance
Desire for fun, for thrill, to be Desire for intimacy, sex, beauty, and
entertained, and to de-stress aesthetics

District Omega District Sigma

Vitality Imagination
Desire to thrive physically and Desire to influence others, to
mentally, to be calm, to be active, change things, and to lead others
and to feel healthy towards a smarter way of living

District Kappa
Community
Desire for companionship,
connection, relationships,
community, and belonging

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 5.4 VHC Development Plan

VHC is a multi-metaverse layer divided parametrically into a grid as shown in Figure 5.

The parameters that define the morphology (urban fabric) follow the principles of
difference (the right to difference) and define the block typologies.

Figure 5

Vault Hill City

Development plan

There are four categories of VLAND, which seek to promote interaction and diversity
among users. Figure 6, and 7 depicts the typologies as organised within a 160mx160m
coordinate system (boundary). Every single coordinate is divided into a 16mx16m grid
that defines the position of the VLAND. A block is a group of lands that form a square.
This gives creators and landowners great space to build, advertise, and showcase their
products/services.

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 5.5 VLAND Typologies

Blocks Dimension

Standard LAND parcels B32 x W32 x H32

Premium (a combination of 2 land parcels) B32 x W64 x H48

Deluxe (a combination of 4 land parcels) B64 x W64 x H64

Exclusive (a combination of 8 land parcels) B96 x W96 x H96

Figure 6

Typologies of VLAND

Figure 7

Illustration of the
VLAND typologies

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 5.6 Vault Hill City Marketplace
A key feature of the VHC marketplace will be to enable transactions for VHC virtual
assets that can be traded on the VHC platform as shown in Figure 8. The VHC
marketplace will be developed and managed using smart contracts, which will be fully
decentralised. VHC ecosystem actors will be able to transact here using the VHC token.
These transactions will all be recorded on the Blockchain.

Figure 8

Vault Hill City

Marketplace

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 6 Technology
6.1 Technology Vision

Vault Hill City is a platform that enables the development and operation of immersive
digital 3D simulations, environments, and worlds. Users and businesses can create,
explore, and participate in various experiences related to several use cases across
multiple sectors such as Healthcare, Real Estate, Entertainment, Education etc., to
enhance the human experience.

Technology vision – To enable and support a sustainable ecosystem of creators and

developers to generate content in the Vault Hill City platform and collect an economic
reward for their contributions as shown in Figure 9.

Figure 9

Vault Hill three pillars Experience

of technology

Economic

Trust
Value

Experience
Economic Value
Trust

Use of eXtended Reality Enable creation, content Enable a robust

(XR) technologies to ownership, representation, ecosystem
deliver rich experiences and transfer of economic underpinned by trust,
for users to enhance value for all stakeholders a safe and secure
dimensions of the using smart contracts, end-user control of
human experience: fungible (ERC 20), and identity, data, and
Curiosity, Vitality, NFTs (ERC 721 & 1155) on assets.
Creativity, Community, the Ethereum network.
Play, Imagination, and
Romance.

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6.2 Architectur

Application layer – Land record management and wallet managemen

Consensus layer- This verifies, tracks, and maintains land ownership, and content
The content layer – This controls the parcel contents using script files and interactive
definition leveraging the benefits of a decentralised system - InterPlanetary File
System (IPFS
The real-time layer – Users' avatars interact using voice chat and messaging to
connect with each other

6.3 Security

The VHC marketplace relies on the security of the Ethereum Blockchain, which is
immutable and secure for the functioning of its smart contracts. In addition, we will be
introducing a layer 2 solution to improve security, scalability and reduce gas fees.

The database will be managed using a reputable decentralised protocol to cache the
smart contract events and track ownership. Minimal temporary assets may be stored
here to minimise any risks.

A smart contract audit is planned for all our smart contracts that will be implemented
within the VHC platform.

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 Users Creators Developers

End User Creators/Developers

Hardware and Software Tools (SDKs and APIs)
and Software

Extended Reality Experience

VIRTUAL ASSETS ECONOMY CONTENT DECENTRALISED IDENTITY

Land (VLAND) VHC Token (ERC20) Media Identity and Credentials

Buildings Currencies and Payments Data Registry

NFT Arts Marketplace IP and Brand Reputation

APPLICATION LAYER

TRANSACTION LAYER

PEER TO PEER LAYER CLOUD COMPUTE & STORAGE

Ethereum Immutable X Pinata IPFS

Blockchain (Layer 2)

Figure 10 - Architectural Overview of Vault Hill City 17

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6.4 Technology Solution
Virtual Assets

VHC enables design, creation, sale, resale, storage, and security of digital assets, such
as virtual goods (VLAND, Buildings, Avatar, Virtual arts).

Virtual assets are presented as NFT created using ERC-721 smart contracts. With the
introduction of ERC-1155 which has the benefits and ability to store under its control,
tokens that can act as if they were an ERC-20/ERC-721 token, or both at the same time
under the same contract; will be implemented at a later stage.

Virtual assets are under the direct control of owners, stored in their digital wallet of their
choice. Users will have the ability to combine multiple virtual assets into a single
ERC-1155 non-fungible token once implemented.

Virtual assets such as avatars and wearables will have the functionality of portability and
interoperability, i.e., these assets can be used in other metaverses and vice versa.

Economy

VHC aims to enable a thriving economy for all the ecosystem participants: Owners,
Users and Creators through the marketplace. $VHC, an ERC-20 native utility token, is to
be used to govern the virtual platform and all in-metaverse economic transactions.

VHC tokens will be available for purchase from decentralised and centralised exchanges.
Payment capabilities to support the trade of VLAND and virtual assets via the
marketplace will be made available.
Trade VLAND and Virtual asset
Reward for creation and usage of virtual asset
Royalties payments

Content

Content creation is vital to deliver rich extended reality experiences. The VHC platform
enables creators and developers to control data privacy and IP protection
Rich media (video, audio, images) + NF
Dat
IP and brand

Identit
Self-sovereign identity and verifiable credential
Optional registr
Reputation tracker

Creator/Developer Tools and Softwar

Rhino, Autodesk, Sketchfab for architectural buildin
Unity and Unreal Engine for game development

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7 Tokenomics
Token Name Token Symbol Token Standard Maximum Supply
Vault Hill City $VHC ERC-20 340,000,000

Token (Deflationary Token)

Smart contract address - 0x60E14651d0Df26D114E5B55be970B76eC9f3eF74; this can

be viewed on Etherscan here - Vault Hill City |
0x60e14651d0df26d114e5b55be970b76ec9f3ef74 (etherscan.io). A thorough
security audit was performed for our smart contracts (ERC-20 and ERC-721) by Hacken,
audit report can be found here. https://hacken.io/audits/#vault_hill.

Core business mode

4
l - The VHC platform will allow users to purchase, lease and rent
land and add-ons in the metaverse, curate art and create various establishments to
attract visitors or sell upgraded properties and accessories. The platform will collect fees
for all these actions, including perpetual royalties.

Token valuation - The token valuation will be performed using a discounted cash flow
analysis, which is the generally accepted approach for cash flow generating assets and
productive tokens.

Token sale - The token sale will be structured as a staged approach with the primary
target audience being Private Investors and later the general public through an Initial
DEX Offerings (IDO).

Token supply mechanism - The $VHC token is a deflationary token facilitated by the
buyback and Liquidity pool (LP) mechanism.

7.1 The Need for VHC Token and economy assumptions

The VHC platform focuses on the rapidly growing metaverse to offer users a way to
purchase, rent, upgrade and resell virtual property with options for minting NFTs and
creator royalties. The $VHC token is a payment settlement & governance token for the
Vault Hill City platform. The token facilitates additional functions as both an incentive for
good actors (via its rewards distributions) and a payment option, offering additional
discounts to its users. The below are the functions of the token
Purchase of goods and services on the platform (at a discount
Rewards distribution for
Liquidity provider
Governance participant
Platform participant
Governance

4. https://newsletter.banklesshq.com/p/how-to-value-crypto-capital-assets
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 Payment settlement - While not the primary function of the $VHC token, it can still be
used as a pure medium of exchange/payment token for transactions on the $VHC
platform along with other cryptocurrencies. Payments made in the $VHC token will
enjoy a 40% discount on the fee of the transaction.

Rewards - The VHC platform will reward users who contribute to its growth and
development. The following actions prompt daily reward distribution
Provide liquidity for the $VHC/USDC pair on Uniswap and stake the resulting LP
token
Participate in system governanc
Users of the platform who make purchases

The rewards will be distributed from a fixed supply reward pool. The rewards will be
distributed daily and will be based on the outstanding tokens in the pool. 0.05% of the
outstanding tokens in the pool would be distributed daily between all groups of people
eligible for rewards (the exact percentage allocation, to be determined later). The above
setup means that:

The reward pool can never be depleted since the rewards are always distributed as a
percentage of the outstanding tokens in the poo
The rewards get less and less over time (Bitcoin style), but the net USD value of the
rewards might increase if the $VHC token price increase
This rewards mechanism provides capped inflation and is compatible with fixed
supply tokens (as opposed to perpetual inflation)

Figure 11 depicts the rewards distribution (as cumulative of all distributed tokens from
the reward pool):

Figure 11

Token reward pool

distribution

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Perpetual royalties - Creators who mint their NFT on the VHC platform can enjoy
perpetual royalties from their creation. Virtual land, wearables, and add-ons can be sold
and resold as NFTs, with a set % of the sale price being distributed to the creator of the
NFT and Vault Hill City. The pay-out can happen in the native token or another
cryptocurrency.

Perpetual royalties work in the following way:

User A purchases land and “builds” an art museum on i

Multiple artworks are displayed in the museu
An NFT is minted and associated with the museum and all artwork within. As part of
the minting process, the creator sets a 10% rate of perpetual royalties. Those
royalties will be split between the creator (8%) and platform (2%
The NFT creator (User A) sells the museum’s NFT to User B. User A receives only the
sell amount and any fee
User B resells the NFT for 10 ETH to User C, User A receives 0.8 ETH of that sale as
royalties for his creation, and the platform takes 0.2 ETH as fee
User C later sells the museum for 20 ETH. User A again receives 8% (1.6 ETH) as
royalties, and the platform gets 2% (0.4 ETH) as fees

Once the NFT is transferred to another marketplace such as OpenSea, the continuous
royalties are discontinued.

Buyback and Liquidity Pool (LP) - Buyback and Liquidity Pool (LP) - With the
emergence of Decentralised Finance (DeFi) and Automated Market Makers (AMM) such
as Uniswap, a new approach has emerged, with the core benefits of the buyback and
burn approach together with the added value of deeper liquidity - buyback and
liquidity provision. In this scenario, instead of burning tokens, they are first provided as
liquidity for the token on its primary AMM market. Then the resulting LP tokens are
burned, thus combining the benefits of the reduced token supply with deeper liquidity
for the token.

Here is how this works in practice

User A comes to the platform and purchases services worth 1000 $VHC token
The platform collects a 20% fee or 200 $VHC
1/10th (20 tokens) of the fee is used for buyback and LP (B&LP). The remaining 180
tokens are used to fund the platform`s operation
Of the 20 tokens for B&LP, 10 are sold at the current market price on UniSwap (let’s
assume 0.10 USD), and thus 2 USDC are obtained
The resulting 10 $VHC and 2 USDC tokens are posted back as liquidity on UniSwap,
thus providing more $VHC tokens for people who want to buy them and more USDC
for people who wish to sell $VH
As liquidity is added, the resulting UNI-$VHC USDC LP tokens are burned (sent to an
unspendable address) so that the added liquidity can never be taken out of the pool.

The platform will dedicate 20% of all fees collected to a Buyback and LP program. This
means that the $VHC token will have a constantly decreasing supply, with the rate of
decrease being proportional to 20% of the platform’s fees.

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 Governance – The decentralised autonomous organisation (DAO) is to be instituted
within the platform and facilitated by staking the $VHC token in the governance contract
of the platform. Staking for longer duration yields more voting power. Voting power will
be determined by the formula:

Where
VP = Voting powe
Ts = is the number of staked token
M = is a multiplier based on staking duration

The multiplier M (based on stake duration in weeks):

M = 1 + 0.2 x D 1/2

Where (D) is the duration of the stake in weeks, this gives us the following multiplier
curve based on duration as shown in Figure 12.

Figure 12

Multiplier bonding
curve

The platforms governance will have three distinct stages:

Early days - during this period the team is in complete control of the project, and no
voting is done. This is because there will be bugs and events which require
immediate hotfixes, and this cannot be done democraticall
Semi-decentralisation - during this period, the team is still in complete control of
the project and can deploy hotfixes same as above, but for the non-urgent decision,
it can take community input via a forum or even via off-chain voting like a snapshot -
https://snapshot.page/#/
Complete decentralisation - during this stage the project is fully decentralised, and
all decisions are made via a strict procedure, and all voting is done on-chain. The
platform’s governance rules will be based on state-of-the-art governance systems
such as Uniswap5or Compound 6

5. https://uniswap.org/docs/v2/governance/process/ 22
6. https://compound.finance/docs/governance

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 7.2 Token Allocation

Category % Allocation Supply Vesting

5% at listing, 15% distribution 2,3,4,5,6,

Pre-seed 10 34,000,000 20% at distribution 7 (quarterly distribution
after TGE)

10% at listing, 20% distribution 2,3, 25% at

Private Sale 15 51,000,000 distribution 4,5 (quarterly distribution after
TGE)

15% at listing, 10% distribution

Public Sale 10 34,000,000 2,3,4,5,6,7,8,9, 5% at distribution 10
(monthly distribution)

Unlock 10% 12 months after TGE, 15% at

Team 10 34,000,000 distribution 2,3,4,5,6,7 (quarterly
distribution after TGE)

Unlock 10% 12 months after TGE, 15% at

Advisors 5 17,000,000 distribution 2,3,4,5,6,7 (quarterly
distribution after TGE)

Unlock 2% at TGE, 18% at distribution 2, 20% at

distribution 3,4,5,6 (quarterly distribution) – Used
Reward Pool 38.6 131,240,000 for Staking, Incentives for content creators and
other metaverse activities

Unlock 10% 12 months after TGE, 15% at

Reserves 6.4 21,760,000 distribution 2,3,4,5,6 (quarterly distribution
after TGE)

Unlock 100% 6months after TGE

Liquidity and Listing 5 17,000,000
(Multi-sig enabled) for future listings

Liquidity and
Listing (5%)

Private Sale (15%)

Figure 13

VHC Token allocation Reward pool (38.6%) Reserves (6.4%)

Pre-seed (10%)

Public Sale (10%) Advisors (5%)

Team (10%)

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 7.3 Use of funds

Funds raised will be used for the development and launch of the platform. In addition,
research and development into XR hardware to establish cost-effective hardware to
increase adoption of XR technologies.

Product Development – Solely dedicated to the product and engineering team to build
the VHC platform with features mentioned in Section 3. This fund includes all expenses
related to product development. A vast majority of these funds will be capitalisable

Regulatory and Legal – Ensuring legal compliance and regulatory framework is in place
to safeguard Vault Hill and users of the VHC platform.

Ecosystem Growth and Marketing – This is a foundational aspect of VHC; growing the
XR and Blockchain ecosystem aids the adoption of these technologies, which maximises
our growth and success opportunities

Operating Costs – General operating costs to run the company and achieve its growth
potentials

Figure 14

Allocation of funds
raised during the sale.
Assumes reached
Hardcap.

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 .7 3.7
Figure 15

Breakdown of the
funds utilisation .5
between the Softcap .8
and the Hard Cap.

1.4
1.0

Figure 16

Expected actual token

circulation (numbers at
the bottom) compared
to the total released
tokens to date
(numbers at the top)

128.7 155.6 174.2 190.8 197.1

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 8 Roadmap
Q1 2021
Project inceptio
Problem definition

Q2 202
Company registered
Trademark filled
Q3 202
Website complet
Whitepaper publishe
Q4 202 Smart contract
Smart contract deployed on developed and audite
ETH mainnet and bridged to First round of funding
Polygo
Technology Stack Buil
Private Funding round
Partnerships Q1 202
Token Generation Even
$VHC Staking implemente
VHC Marketplace
developmen
Exchange Listing
Q2 202 Initial Land offering – Pre
VLAND Auction – Phase sale
Virtual Reality
implemented in VHC –
Beta versio
Augmented Reality
implemented in VHC – Q4 202
Beta version Launch - Full platform
releas
DAO implemented

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9 Growth Strategy
The growth strategy for Vault Hill City will be a crucial component in promoting the
project. The growth plan covers three objectives: ignite, inspire, invite

Ignite: Attract the right kinds of products and services to VHC and ignite their desire
to buy land. Emphasise the brand name and product point of difference to create
buzz and interest pre-product launc

Inspire: Make an entrance on the XR stage, and establish Vault Hill’s reputation as an
XR disruptor. Create a reputable model for predictable lead generation through
digital media and inbound organic channel

Invite: Populate VHC with citizens that are excited to enhance their humanity.
Generate significant yearly sales growth and reduce customer acquisition costs
through outbound marketing methods to enhance our adoption rates and
dependency on the existing client portfolio

9.1 Promotion Strategy

Social Media - Social media will play a major role in the Vault Hill marketing ecosystem.
Social media platforms such as LinkedIn, Instagram, Twitter, and Telegram allow the
company to advertise directly to the target audience and track progress relatively
inexpensively. Social media platforms are also an effective way to create a following
behind the brand, tracking popular trends and promotions.

Pay-per-click - Pay-per-click advertising is an efficient way to target our demographic

and drive traffic through search engines. VHC will adopt this model for promotion.
Platforms like Google will serve as a medium to reach the target market while tracking a
strict budget plan.

Public Relations/Trade Shows and Conference - VHC drive disruptive PR spikes that
will generate buzz for the brand. This a cost-effective strategy for building our
followerbase , and standing out when over investing in awareness marketing is not an
option. The brand needs to be recognised at all virtual gatherings to promote the brand
and unique offerings continuously.

Website - The website tells the story of VHC and promotes our innovative approach,
plus differenatiated products and services within VHC. The website is at the centre of all
marketing activity; we have designed it to ensure it aligns with our branding, is easy to
navigate, and provides a completely seamless customer experience. Additionally, as we
integrate technology in line with our roadmap, our website will reflect these updates to
ensure our stakeholders are kept up to date

Outbound Marketing - By adopting a combination of direct and indirect sales methods.

Key industry stakeholders that can help add value to the brand within our target market
will be approached directly to secure initial business development relationships.

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A key component of our outbound marketing efforts will be to display our value
proposition to our customers. This will include the use of cold calling, media buys, and
direct lead emails to help put our value proposition in front of our target customers.
Developing relationships with key industry stakeholders is also a way for us to gain
strategic relationships within the industry, allowing us to generate leads and onboard
customers.
Inbound Marketing - Inbound Marketing Vault Hill will continue to adopt a direct sales
model to all targeted customer organisations. The objective is to remain in touch with
potential customers by building awareness and boosting sales through inbound solid
marketing leads. Inbound strategies will include on-site and off-site content marketing,
which is helpful in several ways. Not only does new content drive new readers to our
site, it keeps our existing readers and customers engaged with our brand, allowing us to
maximise client retention.

Off-site marketing campaigns will function similarly to on-site, prompting us to provide

well-written, targeted, valuable content. However, instead of publishing it on our site,
we will be publishing on Medium but integrating our page to our website; with this, we
leverage the reader base of Medium. The advantage of off-site content is the
opportunity to gain visibility with new audiences who may not have heard of our brand
otherwise. In addition, the strategy will help to generate referral traffic and support our
brand reputation and growth.

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10 Teams and Advisors
Core Team

Jimi Daodu
Founder and Chief Executive Officer

Jimi is the founder and CEO at Vault Hill, also a board member at Fodds Capital, a
Venture Capitalist (VC) supporting small and medium-sized businesses in Africa and a
Transformation director at Colt Technologies services, UK. Jimi has been part of various
startups such as Today Fit, Hong Kong and Sports100, UK. Previously at Barclays, Jimi
led one of the most significant divestment programmes between Barclays and Absa (the
African subsidiary). Jimi holds a BSc in Computer Science from Babcock University, an
MSc in Advanced Computing from the University of Bristol, and currently, in view, an
MBA at the University of Warwick focused on Entrepreneurship. Jimi is also a certified
Blockchain architect and NFT expert who has been in the blockchain space since 2017.

Carlos Arleo
Head, Architecture
Carlos is the Head Architect at Vault Hill as well as a PhD Candidate at Newcastle
University, and studied Architecture at Polytechnic University of Catalunya before
completing his studies at the Polytechnic of Milan. Carlos has worked on a number of
architectural projects in UK, the Middle East, and Spain. Carlos has enjoyed playing an
integral role on a variety of projects varying in scale, scope and complexity, with his main
focus in recent years on Urban Re-generations. He relishes the challenge of exciting
briefs and enjoys working closely with clients and stakeholders to truly understand their
needs and explore opportunities that can be created through collaboration and
innovation.

Nick Merritt
Head of Product and Strategy

Nick is Head of Product and Strategy at Vault Hill as well as Business and Technology
Strategy Consultant for Accenture – a market-leading business and technology
consultancy. Nick has worked across several advisory projects involving Multi-Party
Systems, Cloud Strategy, Product and Service Design, Board and Market submissions,
and transformational operating model design. His work has focused mainly on FTSE 100
Companies spanning several industries include Utilities, Oil and Gas, Banking, food and
fashion Retail, and Aviation.

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 Jude Abaga (M.I)
Creative Director

Jude Abaga fondly called M.I is the creative director at Vault Hill. He is a multi-award
winning rap artist with an impeccable track record not just as a creative, but also as a
leader. Having started off as a rap artist with Chocolate City, a record label based in
Nigeria, he rose to become the CEO of the label where he spearheaded a major
partnership with Warner Music Group. The partnership brought more exposure to the
African music scene and created a platform where African talents could showcase
themselves to the world. He currently serves as the CEO of TASCK - a creative agency
committed to changing the world with electrifying ideas that creates visibility for
individuals and organisations.

Umair Khalid
Blockchain Developer
Umair is a graduate of the International Islamic University, Pakistan. Umair has
experience working on different Ethereum Standards like ERC20, ERC-1155, and
ERC-721. Umair is focused on implementing NFT related projects, having worked on
multiple NFT projects with collateralised NFT concepts. He is absorbing every new
concept related to NFT, decentralised finance (DeFi), and metaverses.

Ozenua Oluwatobi
Lead, Creative Designer

Ozenua is an experienced Product Designer with over five years of experience in the
design space. He has worked with several start-up projects and has successfully helped
these start-ups rise to proper stature. Ozenua is an adventurous designer with an intense
will to learn and explore new spaces in design. He is keen on designing new
experiences around AR/VR technology.

Hammed Arowosegbe
Senior Software Engineer, XR

Hammed Arowosegbe is a Senior Software Engineer, XR at Vault Hill with over 6 years of
experience in the XR Industry. He has worked with diverse teams across the globe to
develop software solutions. Hammed is currently the President of the Virtual Reality
Augment reality association (VRARA) – Nigerian chapter.

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 James Mulqueeny
Full Stack Developer
James is a full-stack Software Engineer at Vault Hill. He has worked on a number of
software projects, gaining good exposure to all areas of the software development
lifecycle. Over the last few years, his passion for Blockchain and decentralisation has
kept increasing. More recently he has been experimenting with Blockchain technologies
like Ethereum and Chainlink, and participating in a hackathon sponsored by UNESCO
and Chainlink where he won the Social Impact Prize for developing a smart contract
scholarship idea, that leveraged Blockchain technologies to help refugees, and girls’
education.

Ebenezer Anjorin
Head of Engineering

Ebenezer is the Head of Engineering at Vault Hill, with over 12years of experience
developing various software applications. Currently at Google as a Product Manager
where he leads a team building the world's best shopping assistant across multiple
surfaces (speakers, phones, tv, auto etc) and modalities (voice, touch, text etc). Ebenezer
holds a BSc. in Computer Science from Babcock University and an MSc in Information
Systems Management from Carnegie Mellon University.

Grace Lima
Digital Marketing Specialist

Gracie joins the Vault Hill family as a Digital Marketing specialist and has a wealth of
knowledge in the digital marketing space spanning from past experience in Marketing
Agencies in different business areas. Gracie has been instrumental in growing her former
clients' businesses through various digital marketing initiatives. A graduate of the
University of Lisbon with a number of training and certification programmes in Digital
Marketing.

Maria Dervenco
Project coordinator

Maria is a project coordinator at Vault Hill supporting the operational elements of our
execution across the company. She has extensive experience supporting CEOs and
Board of Directors and most recently supporting project teams and project management
activities as a project manager in the real estate/construction space.

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 Raul Lupu
Product Designer

Raul is a Product designer at Vault Hill supporting the product design across our product
lines. He has over 15years in graphic/visual design and has transitioned to the UI/UX
space with a focus on 3D which is very beneficial for the Vault Hill City metaverse. Raul is
connecting the product to growth and ensures consistency on the assets we create for
external marketing. He has a Bachelor degree in Computer and Automatization from the
University of Oradea.

Oluwatobi Ajayi
Growth Project Manager

Oluwatobi is the Growth Project Manager at Vault Hill. He has worked with several
crypto startups and crypto exchanges, recently as the Marketing Manager, Africa for
CryptoLocally, a Hong Kong-based exchanging driving growth and adoption in Africa.
His wealth of experience in the digital marketing space coupled with hands-on crypto
experience makes it perfect for us at Vault Hill.  He has a highly creative mind, digital
advocate and technically adept diplomat.

Tamer Array
XR Developer

Тamer is an XR Developer at Vault Hill. Most recently Tamer has been working with
artsXR on the immersive production of Air_Morphologies for the Tate Exchange 2020
with regards to hand tracking gestures on the Oculus Quest. He works closely with our
architect and 3D development department. Prior to getting his MA in Virtual reality from
UAL in 2019, he studied Architecture and Fine arts in the United States.

Derrick Ikenga
AR Product Developer

Derrick is an AR Product developer at Vault Hill. He has built a number of AR products

within the fashion and commerce space and collaborates with a lot of prominent AR
developers in the industry. He building our AR capabilities starting with technology
feasibility and then product development. He has a BEng in Mechanical Engineering
from the Federal University of Technology Owerri and a Business degree in
Entrepreneurship from Lagos Business School.

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 Victor Amaechi
Social Media/Community Manager

Victor is an experienced Social Media Manager with over four years of experience in the
blockchain industry. He has worked with numerous blockchain projects and has a track
record of a good success rate. Victor is very familiar with the metaverse community,
having worked on various metaverse projects. He also has a plethora of experience
which spans to crypto market analysis and trading having been an active crypto trader
over the years. He believes that understanding the crypto market helps in community
building and engagement.

Femi Odetunde
Research and Operations

Femi leads Research and Operations at Vault Hill while working as a Consultant at CRU
Group- a business intelligence and analytics firm based in London. Femi has experience
leading commercial due diligence reviews on privately and publicly held corporations
for investment purposes, carrying out primary and secondary market research to collect
relevant data, improve understanding and form hypothesis on topical issues that are of
strategic importance. Femi has also worked in the banking and wealth management
sector, where he gained useful experience managing relationships and projects to
improve product design and pricing. Femi holds a BSc. in Economics from the University
of Lagos as well as a MSc. in Economics and Finance.

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Advisors

Lans King
Project Advisor - NFT

Lans an interdisciplinary artist. His ongoing project, “The Hyperreality Show”, blurs the
lines between real & virtual, analog & digital, humanity & technology. This
interconnected ecosystem of artworks includes paintings, videos, installations,
sculptures, digital, and signature painting-NFT hybrids. He had been making crypto art
since 2017 and NFTs since 2019. His studies in Cognitive Science focused on artificial
intelligence and human-machine interaction. He worked in the digital and
communication sectors whilst developing his art practice in parallel.

Lavinia Osbourne
Project Advisor - Blockchain

Lavinia is an enterprising and driven expert in the world of Blockchain and its ecosystem,
bringing a distinct dynamism and thought leadership to the space. Lavinia has a degree
and postgraduate diploma from Middlesex University, London UK, her professional
background is in the field of Finance and Operations. As an advisor, she brings her
insight and ability to create strong relationships with key players in the industry such as
Gemini Exchange, Rarible, Cointelegraph, and Polkadot to name but a few.

Mohammed Kawshowa
Project Advisor – Business Development

Mohammed is currently the eCommerce Lead at Carrefour after spending 4 years at

Amazon (3 at Souq.com and 1 at Amazon). Prior to this Mo started out as a Business
Manager with Chocolate City Group – Media and Distribution company in Nigeria and
later grew into an Executive Director role and a shareholder in the business. The
company today is worth over $300,000 after the acquisition by Warner Music. He has a
degree in Banking and MA in Marketing

Melcom Copeland
Project Advisor - Crypto Payments

Melcom is currently the Head of Payment solutions and partnerships at Samtrade FX.
Prior to this, Melcom was the Director of Global business development at PundiX, the
largest cryptocurently point of sale (POS) platform. Melcom is subject matter expert in
stablecoins, digital payments, development of Betfair API White-Label Sportsbook,
Land-based Casino Payment, and Cryptocurrency Payment Solutions.

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11 Disclaimer and Risk Warnings
The information in this Whitepaper is subject to change and is provided on an “as is”
basis; this should not be interpreted as a guarantee, warranty or commitment by Vault
Hill or any individual or organisation mentioned in this Whitepaper regarding future
provision of services related to the use of the tokens or their performance or value.

This Whitepaper does not constitute or form part of any opinion on any advice to sell or
any solicitation of any offer by Vault Hill to purchase our token, nor shall it or any part of
it nor the fact of its presentation form the basis of, or be relied upon in connection with,
any contract or investment decision. If you decide to participate in Vault Hill’s project or
purchase our tokens, you agree that you have sufficient knowledge of digital currencies,
cryptographic tokens, blockchain technology and a comprehensive understanding of
applied cryptography.

Do not trade or invest in VHC tokens or VLAND based solely upon this information in
the Whitepaper. If you do invest in VHC tokens or VLAND, you agree not to engage in
speculative investments, conduct or engage in any illegal activity, hide or disguise the
proceeds of any illegal activity, and you agree to invest in VHC tokens or VLAND at your
sole risk.

All proceeds of the Vault Hill City project shall be used to expand Vault Hill's businesses
and operations. By participating in Vault Hill City project and purchasing VHC token, you
agree that VHC token do not give you any right, title, interest, dividend, distribution,
benefit, control or ownership of Vault Hill or VLAND, and you purchase VHC token solely
to facilitate Vault Hill City project’s development. No person is bound to enter into any
contract or binding legal commitment to the contribution of the Vault Hill City token
event, and no cryptocurrency or another form of payment is to be accepted based on
this Whitepaper.

Eligibility to participate in Vault Hill City future sales event may vary depending upon
your country of citizenship or residence. In particular, do not participate in Vault Hill City
future sales event if you are not at least 18 years old or if you are a citizen, resident or a
green card holder of the United States of America, Algeria, Bolivia, China, Colombia,
Egypt, Indonesia, Iran, Nepal, North Macedonia, Russia, Turkey, Vietnam, or are going
to be in the future. Final decisions have not yet been made in that regard but will be
announced well before the date on which our platform (www.vaulthill.io) will first be
made available for private and/or public contributions.

The information contained in this document may include, or incorporate by reference,

forward-looking statements, which would include any statements that are not statements
of historical fact. No representations or warranties are made as to the accuracy of such
forward-looking statements. Any projections, forecasts and estimates contained in this
document are necessarily speculative in nature and are based upon certain assumptions.
These forward-looking statements may turn out to be wrong and can be affected by
inaccurate assumptions or by known or unknown risks, uncertainties and other factors,
most of which are beyond control.

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It can be expected that some or all of such forward-looking assumptions will not
materialise or will vary significantly from actual results. The publication, distribution, or
dissemination of this Whitepaper does not imply that the applicable laws, regulatory
requirements, or rules have been complied with.

The regulation of cryptoassets is still maturing and there is no currently no common

standard for the regulation (or otherwise) of VHC tokens. As such, this Whitepaper
should not be construed as a financial promotion or an inducement to enter into
transactions in regulated investment products in any jurisdiction and you should take
legal advice prior to your entry into transactions in VHC tokens. We are not authorised
or regulated by the Financial Conduct Authority or any similar authority and this
Whitepaper does not provide any professional advice on which you should rely. Vault
Hill does not provide any warranty, representation or guarantee about the suitability of
VHC tokens or your participation in any transactions involving VHC tokens. You accept
all risks associated with purchasing VHC tokens and participating in VHC project and will
seek you own professional advice before purchasing VHC tokens and participating in
VHC project. You also acknowledge that cryptoassets are considered to be very high
risk, speculative purchases and if you purchase or hold VHC tokens, you should be
prepared to lose all your money.

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 Vault Hill

Thank you for reading

For more information contact us via

[email protected]
www.vaultihll.io

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