CATALOG

1.Introduction 1

1.1 Introduction of TOPONE 1

1.2 Company Body 2

1.3 Product advantages 3

1.4 Ecological Partners 6

1.5 Release Statement 7

2. Ecological architecture 9

2.1 Overall structure 9

2.2 Application Scenarios 10

3. Profit strategy 16

3.1 Digital asset security hosting and trading 16

3.2 AI quantitative investment robot 17

3.3 Futures and Options Investment 27

3.4 Fixed Income Money Management 36

3.5 Staking pledge mining 39

3.6 Digital Asset Collateral Loans 40

4. Income model 42

4.1 Personal financial gain 43

4.2 Promotion mining 44

4.3 First-time deposit activity 45

5. Technology Route 47

5.1 Cross-chain protocols 47

5.2 Layer 2 52

5.3 MPC & SGX 56

6. TOPONE DAO Global 61

6.1 Global DAO Community 61

6.2 DAO rights and benefits 61

6.3 DAO governance mode 62

6.4 DAO Decision Making and Voting Mechanism 64

7.Risk warning and disclaimer 67

1.Introduction
1.1 Introduction of TOPONE

TOPONE is a digital currency quantitative money management wallet

under Galaxy Digital, Galaxy Digital is committed to building a

world-class blockchain asset management platform and creating a

community consensus win-win digital currency fund for global users.

After years of cultivation in the field of digital asset quantification,

TOPONE has formed a quantitative strategy system of "intelligent

asset management + high-frequency trading" that intelligently earns

profits in Web3.0, meta-universe scenarios and digital currency

exchanges, and after long-term high-intensity, high-frequency and

interval-free testing, it selects different quantitative robots according

to the cycle structure of users' asset investment. We choose different

quantitative robots to provide customers with personalized choices

to ensure that they do not lose, so that wealth can come to their

doorsteps, gain stable income, and eventually achieve qualitative

change through quantitative change, sharing the Web3.0 era

investment dividend with users.

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In the context of digital assets gradually being used by global users

with high frequency and the wave of Web3.0 era coming, TOPONE

will integrate DApp, data governance and other scenarios, use PoA

activity proof mechanism, open source plan, global developer plan to

integrate advantageous digital asset scenarios, create new digital

asset ecosystem and flow entrance of Web3.0 and meta-universe for

global users, and global users to innovate digital asset trading model

and share the dividends of digital asset era.

1.2 Company Body

TOPONE Quantitative Strategy Money Wallet is a project launched by

Galaxy Digital, a digital asset management group. With the advent of

metaverse and Web3.0 era, TOPONE U.S. headquartered group has

been cultivating in the field of digital asset quantification for many

years, explored the quantitative strategy system of "intelligent capital

management + high-frequency trading", and created a cross-era

product - TOPONE Quantitative Money Wallet.

Galaxy Digital Group, headquartered in New York, USA, has obtained

MSB (Money Service Business) license to carry out compliant digital

asset finance-related business worldwide, helping global users to

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profit assets of over $10 billion in volume. Over the years since its

establishment, Galaxy Digital has received investments from KKR and

many other institutions. In the future, Galaxy Digital will join hands

with industry chain partners to provide strong support for the

development of the digital industrial economy, change the digital

asset trading model and strive to build a new ecology of the global

digital economy.

1.3 Product advantages

 First, we use the full currency data API interface to fully cover the data on the

chain of major exchanges. TOPONE accesses the API of major exchanges

around the world, and supports more than 100 mainstream public chains

and more than 100,000 kinds of smart contract data queries, covering nearly

all the data on the chain in the current blockchain field, providing users with

real-time updated data of thousands of cryptocurrency assets such as BTC,

ETH, USDT, ETC, LTC, DOGE, etc. It provides users with real-time updated

data of thousands of cryptocurrency assets such as BTC, ETH, USDT, ETC, LTC

and DOGE.

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 Second, a variety of risk hedging tools and quantitative automatic wealth

management make wealth come to the door. TOPONE provides rich risk

hedging tools to meet the multi-level diversified needs of users and make

financial choices. Firstly, users can invest in financial derivatives through

options futures and other financial derivatives to earn the spreads of digital

assets on different platforms or in different periods to obtain excess returns.

Secondly, users can also use TOPONE's AI quantitative investment robot to

follow the market 24h, on the basis of accurate access to the value of various

types of data assets, making the TOPONE wallet users' yield can still buck the

trend when facing the overall risk of the market, locking in 100% of the risk,

so as to obtain long-term, stable and high periodic profits.

 Third, with the support of a complete technical architecture, global

developers jointly maintain the platform system. TOPONE blockchain is

based on the world's leading multi-public chain hybrid architecture

technology, equipped with smart contracts, quantitative AI and other

technical tools to greatly enhance the operational efficiency, so as to easily

meet the high-frequency scenario applications in the financial sector. At the

same time, the construction of multi-programming language compatible

development infrastructure, through the global developer community,

continues to inject technical vitality into TOPONE, and jointly build a high

performance, high reliability, high-security wallet.

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 Fourth, strong security, safe protection of users' digital assets. TOPONE uses

bank-level security technology, with verification code, fingerprint, facial

recognition and other verification methods, combined with threshold

signature, MPC (Multiparty Secure Computing), SGX (Software Protection

Extension) and other cutting-edge wallet security technology to protect

users' asset transactions and digital assets comprehensively.

 Fifth, easy to use, low threshold of use and TOPONE divides the functions

into main divisions such as custody, trading, finance, lending, DApp, etc., with

a clear interface presentation, fully considering the user's usage habits and

convenience. By lowering the threshold of blockchain usage, users can

experience digital asset management in a decentralized world without

having to own or master the basic technical details of blockchain.

 Sixth, the core team of TOPONE comes from a group of high-tech enterprise

elites and early blockchain practitioners. It has extensive experience in

traditional financial trading, developing high-end crypto-asset trading

platforms and operating in global markets. Together, they create efficient,

reliable, and easy-to-use products that enable all users to easily and securely

trade digital assets, invest their money and manage to lend, anytime,

anywhere.

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1.4 Ecological Partners

TOPONE has received strong support from international first-tier

capital represented by Accel and many partners from the global

digital asset field. Together with industry chain partners, we provide

strong support for the development of digital industry economy,

welcome the future of digital economy and strive to build a new

global digital economy ecology.

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1.5 Release Statement

The development of the TOPONE wallet is inseparable from the

development of blockchain decentralized finance. TOPONE wallet

took advantage of the rapid development of decentralized finance,

and its ecological concept and framework were defined in 2018.

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2.Ecological architecture

2.1 Overall structure

After a period of development, TOPONE has formed a mature

ecological system. Wallet applies blockchain as the underlying

technical support to itself, its digital asset ecosystem is gradually

taking shape, and the digital asset ecology has unlimited vitality.

Quantitative AI quantitative investment robot, futures & options

product investment, fixed income finance, Staking pledge

system mining, digital asset collateralized loan

Blockchain, DeFi, Smart Contracts, AI & Quantitative

Underlying
Algorithms, Layer 2, Threshold Signatures, MPC &
Technologies
SGX

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2.2 Application Scenarios

2.2.1 Digital asset management

The application scenario of digital asset management is the "main

battlefield" of TOPONE wallet, which combines blockchain and AI

quantitative technology, and has the advantage of unique

quantitative strategy for financial management, and also has the

advantage of unchangeable data on the chain, so that every user can

easily make financial investment in digital assets.

2.2.2 Secure custody, transfer and transaction of digital assets

Digital asset safe custody, transfer and transaction are the basic

application scenarios of TOPONE wallet. TOPONE wallet can access

blockchain nodes of each pass, and all blockchain applications run

independently of each other, but are interrelated. Users can use the

platform without tedious operation steps, easily switch back and forth,

improve the efficiency of use, and bring users a quality experience. At

the same time, because only a very small number of digital asset

traders choose to keep these digital currencies on their own in

practice, other investors (especially institutional investors) prefer to

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outsource the custody of these digital assets (similar to bank storage).

This allows the TOPONE wallet's custody business to be closely linked

to the trading business, acting as a "bank" in the digital asset space.

2.2.3 Lending Management

Digital asset lending plays the advantages of easy transfer of digital

assets, transparent transactions, and the inability to counterfeit, and it

is easy to be recognized by a larger market and users because it is

similar to the traditional P2P lending model and has the conditions

for business explosion. In terms of practicality, the ultra-low risk and

efficient business process design of digital currency pledges can help

both financing parties to complete the transaction faster and at low

cost. TOPONE wallet has the inherent advantage of providing digital

asset pledge lending services to existing users while helping them to

keep their digital assets, and TOPONE wallet uses this to further

digital asset application scenarios to lending management

applications, allowing users to deposit cryptocurrencies for interest or

pledge cryptocurrencies to lend other currencies.

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2.2.4 Intelligent Quantitative Money Management

TOPONE quantitative fund management products break through the

traditional financial management model. Users can choose a strategy,

commission it with one click and sit back and enjoy the benefits. On

the TOPONE trading platform, mainly using smart coins for

quantitative trading, the exchange will also automatically match all

kinds of high-quality strategies to quickly and steadily earn income.

2.2.5 Automatic high-frequency trading and finance

TOPONE automatic high-frequency trading finance is similar to the

previous types of finance, it is through the form of entrusted financial

transactions, but the threshold for participation is higher than the

previous ones. TOPONE automatic high-frequency trading finance

earns trading spreads through instantaneous high-frequency trading,

regardless of the market situation, you can quickly make profits,

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2.2.6 Decentralized liquidity mining fund

TOPONE decentralized liquidity mining fund realizes users' financial

demands of "high investment and high return". The fund continues to

profit from the vast number of DeFi around the world through a

24-hour vault switch. TOPONE has never missed a high-yield

headstart through fast calculations and cash technology. With

decentralized asset management, TOPONE ensures the safety and

efficiency of users' asset management.

2.2.7 Global blockchain industry investment fund

As the project with the highest yield among all TOPONE's financial

projects, TOPONE Global Blockchain Industry Investment Fund

selects high-quality head projects, and users invest in various GameFi,

NFT, DEX, SocialFi and many other fields. Users participate in the

project extremely early with small investment and high return.

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2.2.8 TOPONE Institutional Service

TOPONE Institutional Service is committed to forming closed-loop

processing of various scenarios and applications, where all needs can

be met in the services provided. In the future, TOPONE institutional

services will be combined with the real world through more interfaces,

and the two worlds will intermingle with each other and continuously

penetrate, finally realizing interconnection, interoperability and

sharing.

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3. Profit strategy
3.1 Digital asset security hosting and trading

TOPONE wallet is committed to providing users with secure hosting

and trading services for data assets, helping users to realize the

desire of "one wallet, managing multiple chains of assets". It supports

the storage and circulation of BTC, ETH, USDT, ETC, LTC, DOGE and

more than 100 kinds of mainstream digital currencies in the global

market. Users can safely store assets in TOPONE wallet, easily

complete all kinds of transactions, and roam freely in the world of

digital assets.

In terms of security trusteeship, TOPONE follows the principle of user

security first, and builds a comprehensive risk control system to fully

protect the safety of users' wallets. It adopts offline signature to avoid

private key touching the network and reduce the risk of theft. In

addition, TOPONE secures digital assets by limiting access IP, API calls,

transaction speed limit, transaction limit, black and white list

mechanism, customer history behavior analysis, delayed withdrawal,

one-key call-off and other mechanisms. At the same time, TOPONE

introduces third-party security audit, cooperates with well-known

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security companies, and multiple parties work together to maintain

the security of users' digital assets, so that the wallet is always in a

safe environment.

In terms of transaction, TOPONE allows users to realize quick

payment through biometric technology, so as to enjoy a more secure

and convenient transaction experience. Users can use TOPONE wallet

to manage their digital assets anytime and anywhere, including

transferring and receiving money, viewing asset details, transaction

details, etc. It also supports users to quickly and conveniently conduct

coin exchange, exchange trading, OTC trading, etc.

3.2 AI quantitative investment robot

The intelligent quantitative investment robot of TOPONE wallet is

fully integrated with big data and AI technology, the AI robot realizes

24-hour monitoring, is not subject to emotional interference, sells

immediately when conditions are met, and helps users eliminate the

risk of downside losses and obtain high yields with the support of

core strategy formulas and big data calculation of call margin.

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TOPONE Wallet's intelligent quantitative investment robot is able to

profit from quantitative investment strategies on the basis of

acquiring the value of various data assets.

3.2.1 Arbitrage Hedging Strategy

TOPONE's AI quantitative investment robot connects to the API

interfaces of major exchanges, monitors and scans different digital

asset exchanges around the world in real-time, and can automatically

conduct quantitative trading of digital currencies, and can also be

based on the different prices of the same coin on thousands of

different exchanges around the world (e.g. Binance, Coinbase, Huobi,

OKX, Gate.io, KuCoin, FTX), it can automatically buy with a lower price

and sell with a higher price between different platforms through

cross-chain smart contracts, and continuously trade to generate

long-term sustainable profits, using the prophecy machine (Oracle)

as a trusted intermediary.

At the specific execution level, TOPONE's AI quantitative investment

robot performs arbitrage by holding both long and short positions in

different markets, such as spot cross-market, futures cross-period,

futures-cash arbitrage, cross-species arbitrage, etc. In layman's terms,

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that is, it performs one buy and one sell to arbitrage by using the

price difference between different platforms/different

periods/different coins.

3.2.2 Trend Strategy

TOPONE trend strategy tracks the trend of market changes through

data collection and analysis, captures industry trends, policies, news,

real-time quotes and other data through the prophecy machine,

builds a quantitative database of trends, combines technical analysis

such as MACD, Bollinger Bands, support and pressure, etc., after

which the AI quantitative investment robot is adjusted by smart

contracts to buy and sell operations, and through a variety of

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analytical means to enhance the operation The probability of correct

and profitable operations are increased through various analysis

methods, thus gaining huge profits.

3.2.3 Martingale strategy

TOPONE martingale strategy is mostly applied to contract trading,

which uses the principle of doubling bets after a loss until the capital

is made back with profit. With the successive failure of bets, the

additional chips are multiplied, and with one win, you can win back all

your capital and profit.

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The TOPONE Martingale strategy has a variety of classic series that

include the multiplier principle, for example, the following.

 (1) Classic multiplier series: 1, 2, 4, 8, 16, 32, 64

 (2) Fibonacci series: 1, 1, 2, 3, 5, 8, 13, 21

 (3) Square series: 1, 4, 9, 16, 25

 (4) Lucas series: 1, 3, 4, 7, 11, 18

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3.2.4 CTA Strategy

CTA (Commodity Trading Advisor) is a form of fund in which some

professional managers use the funds entrusted by clients to invest in

futures, options and other markets with the goal of pursuing stable

returns, and charging corresponding investment advisory fees. CTA

(Commodity Trading Advisor) is a form of fund in which some

professional managers use the funds entrusted by clients to invest in

futures, options and other markets with the objective of pursuing

stable returns, and charging corresponding investment advisory fees.

CTA is mainly divided into trend strategy, reversal strategy and

arbitrage strategy. The trend strategy refers to tracking the trend of

different cycles of commodities to going long and short. The reversal

strategy refers to using the reversal fluctuation of futures prices to

make reverse transactions. The arbitrage strategy includes

cross-period arbitrage and cross-species arbitrage, which refers to

using the price trend relationship of different maturities of related

species to make transactions.

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3.2.5 Market Neutral Strategies

A market neutral strategy is the simultaneous construction of long

and short positions to hedge market risk and achieve stable returns in

any market environment. Statistical arbitrage is a model-based short-

to medium-term investment strategy that uses quantitative and

technical analysis methods to explore investment opportunities. The

strategy is further divided into pair trading, parent-subsidiary trading

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and multi-type trading. Fundamental arbitrage is mainly to construct

a portfolio within a certain industry: buying the leading companies in

the industry while selling companies in the industry that show signs of

decline.

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3.2.6 Alpha full hedging strategy

The alpha full hedge strategy involves buying more A shares while

shorting equivalent stock index futures. The average annualized

return of this strategy is significantly better than fixed income, and

while still much lower than long, the risk is much less than long

equities.

The objective of the Alpha Full Hedge strategy is to generate stable

positive returns in both up and down market conditions. The

technical core of the strategy lies in the selection of a basket of stocks.

In general, quantitative models for selecting a basket of stocks

include: event-driven models, multi-factor stock selection models,

momentum models, behavioral finance models, etc.

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3.2.7 High-frequency trading strategy

TOPONE automatic high-frequency trading finance, similar to the

previous types of finance, is through the form of entrusted financial

transactions, but the threshold for participation is higher than the

previous financial. TOPONE automatic high-frequency trading

finance through instantaneous high-frequency trading to earn

trading spreads, regardless of the market conditions can be quickly

profitable, win with speed.

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3.3 Futures and Options Investment

With the development of digital assets, more and more derivatives of

traditional finance have been introduced into the digital asset market,

and digital asset futures and options have been created. Options and

futures are similar financial investment derivatives that provide

investors with the opportunity to make money and hedge against

current investment risks. There are also slight differences between the

two. An option gives the buyer the right, but not the obligation, to

buy (or sell) an asset at a specific price at any time during the life of

the contract. A futures contract gives the buyer the obligation to

purchase a specific asset, while the seller sells and delivers that asset

at a specific future date, unless the holder's position is closed out

before maturity.

TOPONE makes it easy for users to participate in financial derivatives

investments in digital currencies, helping users who trade and invest

in the TOPONE wallet to obtain excess returns that are risk-averse.

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3.3.1 Futures Investment

TOPONE's futures investment is mainly suitable for two investment

purposes: speculating on futures price movements and realizing

futures spot hedging.

 Speculating on futures price movements

When speculating on futures prices of digital assets, TOPONE does

not actually deliver the underlying asset, but can settle directly in fiat

currency or digital assets. It is conceivable that speculators could sell

oil futures without delivering a barrel of oil. Digital asset futures are

also a type of futures contract that can be used to speculate on price

changes in digital assets, and the investors involved do not have to

actually hold the digital assets. Investors in digital asset futures

essentially place a bet on the price of a digital asset at a specific time

in the future.

With the characteristics of high leverage and relatively fast price

fluctuations, TOPONE can meet users' high-yield financial needs

through futures investments. The leverage effect of futures is that a

trader only needs to put up a small percentage of the total contract

as margin in order to profit from the price fluctuations of the total

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contract. For example, at the Chicago Mercantile Exchange (CME)

bitcoin futures, the margin is set at 35%. This allows traders to control

larger positions with a small amount of capital. In addition, the

futures market allows for shorting. Due to its very nature, using

futures investments also greatly reduces the frictional cost of short

selling. When wanting to short a traditional stock or cryptocurrency,

one must first hold the underlying asset and pay interest, but futures

do not require holding the underlying asset in advance.

 Futures spot hedging

TOPONE also uses futures to enable futures spot hedging for users to

reduce the risk of future spot price changes. Buy futures to hedge

against price increases and sell futures to hedge against price

decreases. For example, if you grow tobacco, you might sell tobacco

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futures so that you can lock in your tobacco price in case it falls when

you bring it to market. On the other hand, if you produce cigarettes,

you might buy tobacco futures so that you can lock in the cost of

your tobacco purchases.

In the digital asset space, TOPONE uses AI quantitative investment

robots to enable futures spot hedging of digital assets. Specifically,

buying and selling activities in the spot and futures markets for the

same digital asset, at the same time, in equal amounts but in

opposite directions. In other words, while buying or selling spot

digital assets, the same amount of futures digital assets are sold or

bought in the futures market, and after a period of time, when the

price changes make a profit or loss on spot trading, the loss or profit

on futures trading can be offset or compensated. Thus, a hedging

mechanism is established between "spot" and "futures", and between

near-term and forward, in order to minimize the risk of price

fluctuations of digital assets. The opportunity for hedging arbitrage

arises when the rise or fall between futures and spot is out of sync or

lagging.

Suppose the spot market is $6,800 for BTC and $7,000 for the

BTCUSDT perpetual contract. Then you can buy one BTC at $6,800 in

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the spot market and short a short order of the same futures contract

value ($6,800). After two orders are placed successfully, then the

following scenarios may occur.

 (1) The spread between futures and spot is reduced, then profit

has been realized and the futures and spot can be closed

separately.

 (2) The spread between futures and spot becomes larger, the

futures float profit/loss is negative, and you can wait for the

futures to expire for delivery. The futures delivery price is

calculated based on the spot price, so the delivery price is

basically the same as the spot price, then the profit is about

7000-6800=200 USD.

 (3) There is a situation where the spot price is higher than the

futures price, then the total profit is more than $200.

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3.3.2 Option Investment

An option on a digital asset is a kind of option. After paying a certain

amount of digital assets to the seller as royalty, the buyer of the

option acquires this right to have the right to sell or buy a certain

amount of the underlying digital asset at a certain price (exercise

price) within a certain period of time (i.e., option trading). When the

buyer of an option exercises the right, the seller must perform its

obligations as specified in the option contract. Conversely, the buyer

may waive the exercise of rights, at which point the buyer simply

loses the premium while the seller earns the premium. Users can

hedge their risk by trading fast options to obtain a more stable

return.

Depending on the option rights, they can be divided into call options

and put options. A call option, is the right to buy a certain amount of

the underlying at the strike price during the life of the option contract.

A put option, is the right to sell the underlying.

The underlying assets for digital asset options investments are digital

assets such as BTC and ETH. As with other derivatives, crypto options

traders can trade using leverage, increasing risk but also implying an

amplification of profits. In addition to increased profit potential,

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traders can use cryptocurrency options to stabilize price fluctuations,

hedge against market risk, and short digital assets.

Due to the flexibility of options, their ability to configure multiple

types of trading strategies is popular among miners. For example, in

2019, Bitmain sold call options to miners in order to boost miner

sales. Miners can sell options versus hold BTC, thereby gaining

revenue at a lower cost of capital.

TOPONE provides users with a choice of functional and flexible

options trading strategies, allowing them to learn strategies and use

the platform's tools to trade conveniently. There are many options

trading and hedging strategies available for users to use in their

trading. The following is a description of some of the key options

trading and hedging strategies.

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 Call and Put Options

Holding call and put options is the simplest type of option trading.

The user purchases an option and becomes the holder. When the

value of the underlying market price above (call option) or below (put

option) the strike price has exceeded the premium, then the user will

make a profit. The premium is also the maximum loss that the user

may sustain from the transaction.

If a user holds digital assets and wants to insulate themselves from

possible short-term losses, they can hedge by holding a put option.

This strategy is known as a matched put option.

 Straddle Options and Wide Straddle Options

Under this strategy, the user does not need to buy only one option at

a time. For example, in a straddle option trading strategy, the user

buys both puts and calls in one market at the same price and

expiration date. By using this trading strategy, the user can profit

from price fluctuations regardless of whether the underlying digital

asset market is up or down. However, if the underlying digital asset

market does not fluctuate, then the user will lose the premium.

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A wide straddle option is a similar strategy. The difference is that the

user will purchase a call option with a slightly higher strike price than

the put option. This means that you will need to trade a more

substantial move to make a profit. However, because both options

are purchased out-of-the-money, the user will incur less transaction

costs.

Conversely, users can also profit from a relatively flat market by

shorting a straddle or wide straddle option portfolio.

 Spread Trading (Butterfly Options)

Spread trading involves buying and selling options at the same time.

For example, in a call option spread portfolio, the user buys one call

option while selling another call option at a higher strike price. The

difference in the strike price between the two options is the user's

maximum profit under this strategy, and the cost of the premiums

spent on buying the option is offset by the premium gains received

on selling the option.

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A more complex form of the spread option trading strategy is the

butterfly spread. In a butterfly spread, the user can buy or sell three

call or put options with different strike prices at a fixed ratio.

Adopting a butterfly spread trading strategy allows users to earn

profits when volatility is low without excessive risk. The ultimate

feature of a butterfly option versus a straddle option is that the loss is

no more than the premium, so the return is more stable.

3.4 Fixed Income Money Management

TOPONE Wallet can provide users with smart money management

services. Users can use the digital assets stored in the TOPONE wallet

to buy the blockchain financial products launched in the TOPONE

wallet, and the financial products have a predicted rate of return

according to the risk level of investment. Users can invest in financial

products with different risks and returns according to their own

financial needs, and after purchasing such financial products with

digital assets, regular financial income settlement will be made

according to the agreed settlement date, and the contract can be

withdrawn or renewed at the end of the term.

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Specifically, the financial products provided by TOPONE wallet

include demand finance, fixed-term finance, large certificates of

deposit finance, combined fixed-live finance, pension protection

finance, etc.

 (1) Call money: there is no fixed term or lock-up period, it is a

financial product that can be purchased and redeemed in real

time, users can take it as they want according to their own needs,

with low investment threshold and strong liquidity and low risk.

 (2) Fixed-term wealth management: It has a fixed investment time

limit and can be redeemed only after reaching the agreed period,

or redeemed early after paying a certain fee. The longer the

investment period the higher the rate of return, the higher the

rate of return relative to demand finance.

 (3) Large certificates of deposit: similar to fixed-term wealth

management, but with certain investment threshold restrictions,

the yield is also higher relative to fixed-term wealth management.

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 (4) Combination of fixed-term and fixed-period wealth

management: with a certain lock-up period, the end of the

lock-up period does not affect the financial products continue to

generate income, and users can flexibly access digital assets after

the end of the lock-up period, the rate of return between demand

and fixed-term wealth management.

 (5) Pension protection finance: a new type of insurance product

and a new type of investment. Open to users under a certain age,

users invest a fixed amount of money each year during the

investment period. When the user reaches the legal retirement

age, a certain amount of supplementary pension is returned every

month. This is a great way to protect the insured's later life while

creating new income for the insured, making good use of the

funds.

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3.5 Staking pledge mining

In TOPONE wallet, users can consign tokens with one click and enjoy

instant income. By entrusting tokens to participate in mining and

voting, users can get high income rewards on average.

Staking, also known as equity pledge, is a kind of collateral mining

under the consensus mechanism such as Dpos, Bpos, etc. In POS and

POS-like consensus mechanism projects, anyone can participate in

Staking to "earn coins" by pledging crypto assets and locking

positions. The more assets a user pledges, the higher the return he or

she can earn. When a user holds Staking for a long time, the user will

be rewarded accordingly. Therefore, with the incentive mechanism of

Staking, users can get a bonus from it, and TOPONE will achieve a

win-win situation with global users.

Staking of TOPONE is a relatively high security behavior, unless there

are major loopholes in the system or the commissioned node service

provider is unreliable and is punished by the system with coin

deduction, in general, users will not lose their principal and can get a

relatively stable Token income. Users who do not participate in

Staking will bear the loss of inflation, so long-term coin-holding

users will generally engage in Staking.

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3.6 Digital Asset Collateral Loans

TOPONE provides fiat currency loans (e.g. USD) to crypto asset

owners who use cryptocurrencies for collateralized loans. Depending

on the user's credit qualifications, the amount borrowed, the length

of time borrowed, and other information, TOPONE charges different

interest rates to the borrower for the loan. The interest rate can be as

low as 5%. This brings additional liquidity to blockchain assets and

meets the needs of individuals and institutions holding crypto assets.

Digital asset-backed loans have certain benefits for both the

borrower and the lender. For the borrower, there is quick access to

fiat cash flow. Whether it is to solve an immediate business need or to

invest in other underlying products, the liquidity of digital assets is

fully enhanced. For lenders, lenders have low-risk control difficulty,

digital assets are available for 24-hour trading, high standardization,

almost impossible to fake, and the whole process can be executed

openly and transparently through smart contracts, which greatly

reduces the opportunity for borrowers to fake. Lenders can not only

invest in fiat currency to earn interest; they can also switch to

quantitative teams to earn revenue through quantitative trading.

Lenders can be TOPONE or professional lenders cooperating with

TOPONE.

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41
4. Income model
TOPONE's token name is TOP, which is used as the main medium of

exchange for the whole TOPONE social ecology.TOPONE trading

platform issues TOP tokens with a total issue of 1 billion.TOPONE

keeps pace with the times, not only developing the world's leading

economic model, but also constantly innovating on the development

model, launching token TOP to mobilize users and help them achieve

Wealth appreciation.

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4.1 Personal financial gain

TOPONE can provide users with rich financial options, such as quantitative

investment, derivatives investment such as futures and options, fixed-income

financial products and so on. Users can use the digital assets stored in TOPONE

to purchase financial products and invest in different financial products with

different investment periods and returns according to their own financial needs,

so as to enjoy absolute and stable returns and quickly achieve wealth freedom.

Commissioning Investment amount

Daily return (%) Monthly return (%)
period (days) (USDT)

1 0.8 24 ≥10

7 1.1 33 ≥10

360-A 2.1 63 ≥20

360-B 2.4 72 ≥100

360-C 2.7 81 ≥500

360-S 3.0 90 ≥1000

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4.2 Promotion mining

TOPONE platform adopts multi-level agent model, users can invite

friends to join mining to get certain rewards, specific reward rules are

as follows.

Promotion Requirements Earnings

Level

Register to be a V1 member

V1 The entrusted amount 10% of the daily income of direct subs

≥10USDT

Number of direct subs≥10 10% of the daily income of direct

V2 Team investment subs+1.0% of the daily income of
amount≥30,000USDT indirect subs

10% of the daily income of direct

V3 Number of direct V2 subs≥5 subs+1.5% of the daily income of
indirect subs

10% of the daily income of direct

V4 Number of direct V3 subs≥5 subs+2.0% of the daily income of
indirect subs

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4.3 First-time deposit activity

TOPONE platform also launched the participation cycle mining 360

days, you can get the corresponding rewards, release TOPONE

platform coins to users, and share the dividends of platform coin

appreciation with users. The reward distribution plan is shown below.

Agent rewards for subs' participation in the cycle of mining

for 360 days

Subs initial 10% bonus on 3% bonus on

deposit(USDT) 1st-level subs(USDT) 2nd-level subs(USDT)

100 USDT 10 USDT 3 USDT

500 USDT 50 USDT 15 USDT

1000 USDT 100 USDT 30 USDT

3000 USDT 300 USDT 90 USDT

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46
5. Technology Route
5.1 Cross-chain protocols

5.1.1 Multi-commons chain hybrid architecture

TOPONE integrates multi-commons chain architecture to build

decentralized trading system ecology, constructs a parallel model of

transaction chain, contract chain and business chain, and realizes

information interaction between dual main chains through

cross-chain technology.

The dual main chain architecture ensures that the TOPONE

blockchain system can combine high scalability, high security and

high efficiency. In order to ensure the availability of data from both

chains, TOPONE will use the cross-chain technology approach of SPV

verification + HTLC-like main chain locking. Transactions on the

contract chain need to be registered to the transaction chain, and

TOPONE will provide cross-chain relay to achieve this, while the

contract chain will provide a built-in contract with unified

bookkeeping to take care of receiving. Tokens from the main chain

will be used on the contract, and the transaction chain will mainly

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guarantee KV pairs. Balance on the contract chain will only be

generated after the transaction chain passes SPV, but the contract

chain will only have the returned transactions, and the transaction

chain will only have the transactions that enter the contract chain.

Hybrid chain is a unique blockchain technology, which combines the

features of public and private chains, using the characteristics of each

of public and private chains and combining them into the best

solution, that is to say, a hybrid chain has both public and private

chains in two states. The transactions and records in the hybrid chain

are private, but can be verified when needed, such as enabling access

through smart contracts. That is, private information is kept within the

network but can still be verified. While a private entity may own the

hybrid chain, it cannot change transactions. Hybrid chains allow

organizations to create a private, permission-requiring system

alongside a public, permissionless system, with the public and private

chains each having their own role in determining who can access

specific data stored in the blockchain and what data will be made

public. When users join the hybrid chain, they have full access to the

network and their identity is protected and unaffected by other users,

unless they are involved in a transaction so that their identity is

revealed to the other party.

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5.1.2 System core module

User (User): a user who uses TOPONE CROSS to transfer assets across

chains.

Cross-chain Relayer (Relayer): a cross-chain relay, which is composed

of multiple relayer nodes, used to be responsible for data

communication between smart chains.

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Cross-chain liquidity pool (Liquidity Pool): smart contracts deployed

on each smart chain to enable cross-chain asset transfers.

Ledger: smart contracts deployed on smart chains, responsible for

recording the ledger records of the whole cross-chain system and

maintaining the security of the assets of the whole system.

Liquidity Provider: a. Automated market makers from various sources;

b. LP market makers that provide liquidity to cross-chain mining

pools.

5.1.3 Ledger Model

User Ledger (User Transaction Information Ledger): a user ledger

record after a user sends a transaction, recording the user's

operations related to the liquidity pool, and this function is

performed by smart contracts deployed on each smart chain.

Liquidity pool information ledger (System Ledger): all the ledger

records of the cross-chain system, the ledger smart contract is

deployed on the TOPONE main chain, the main advantage is to

ensure the security of the ledger, and greatly save the ledger

maintenance overhead.

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Flow pool execution result information ledger (Result Ledger): The

execution result of the ledger will be sent to each smart chain for

execution, and the execution result will be recorded on the flow pool

execution result information ledger, and the execution result ledger is

deployed on each smart chain.

5.1.4 Cross-chain transaction process

Cross-chain is realized through IBC protocol.There are two kinds of

transactions in cosmos: ordinary transactions and cross-chain

transactions. The common transactions are basically limited to the

transaction methods of each blockchain, and the basic transfer

function has been provided in Basecoin for use; cross-chain

transactions are mainly implemented by the IBC protocol. the IBC

protocol contains two main transaction types: IBCBlockCommitTx: the

latest block information of the blockchain where the sender is located.

IBCPacketTx: the cross-chain information about the transaction itself,

and its packed block information in the sender's chain. Where

IBCBlockCommitTx is the message that transmits MerkleRoot to the

other chain. And IBCPacketTx transmits the information about the

cross-chain transaction. That is, the payload is often mentioned by

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the transaction. And to ensure data security, both chains need to

create two queues, one in and one out, to store incoming (messages

coming in from the other chain) and outgoing (messages sent to the

other chain). When both parties register in the route, they find each

other and can transact across chains through the route.

5.2 Layer 2

The Ethernet blockchain is becoming more and more widely used,

but the load of the protocol is very limited, making the chain very

congested and the fees are getting higher and higher, and many

large-scale applications cannot be realized in the Ethernet network,

which is very unfavorable to the ecological development of the

Ethernet blockchain. In this situation, Layer2, a second-level

framework or protocol built on top of the existing blockchain system,

is a holistic solution to improve the performance of the Ethernet

network (layer1).

The independent blockchain that acts in concert with Bitcoin or Ether

is retroactively referred to as Layer 1 or the master chain. Layer1 is

to ensure security and decentralization, achieve global consensus,

arbitrate through rules designed by smart contracts, and pass trust to

52
Layer2 in the form of financial incentives. The core idea of the Layer 2

solution is to allow multiple participants to achieve secure through

some way transactions without the need to publish them on the main

chain (i.e. Layer 1). Thus, blockchain transactions and processes in

Layer 2 can be performed independently of Layer 1. In this process,

Layer 1, the main chain that provides security, does not need to

undergo any structural changes, and Layer 2 is added as an

additional layer that can achieve high throughput, capable of

executing hundreds or even thousands of transactions per second,

without sacrificing network security.

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5.2.1 Side Chains

A sidechain is a blockchain that validates data from other blockchains

and enables the transfer of value from chain X to chain Y and later

from chain Y back to chain X through Two-way Peg technology.

Usually, chain X is referred to as the main chain and chain Y is

referred to as the side chain.

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5.2.2 SPV mode

The side chain and the main chain are isomorphic block chains, and

chain B uses the same consensus verification method as chain A. It

can write the block header of chain A, into the block of chain B, and

can verify and parse the block data and ledger data in the main chain.

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5.3 MPC & SGX

MPC (Secure Multiparty Computation) is used to solve the problem

of a group of untrusted participants each holding secret data and

collaborating to compute a given function. Secure Multiparty

Computation ensures that the participants get the correct

computation result while not getting any information outside the

computation result. Throughout the computation process, the

participants always have absolute control over the data in their

possession. Applied to blockchain, it means that the private key is

split into multiple pieces and kept by each of the agreed multiple

participants, and the private key pieces generate a new private key

signature through MPC protocol, and only the complete signature

result can be traded on the chain.

SGX (Software Protection Extensions) is the cryptographic part of the

new generation of Intel CPUs that makes this protection possible

through the use of enclave, which is a protected execution area in

memory. It is actually a set of CPU instruction extensions that create a

trusted execution environment to protect code and data that cannot

be accessed even by root privileges; this allows applications to use it

to isolate specific trusted areas of code and data to prevent attacks

56
on themselves if the underlying OS is compromised, and to manage

the software without trusting the cloud provider. SGX technology not

only enhances the security of the software, but also has the greater

significance of combining with blockchain technology, that is, it can

solve the protection of blockchain data privacy and support for

complex applications without affecting the decentralized nature of

blockchain and the characteristics of data immutability.

TOPONE draws on Fireblocks' MPC and chip isolation technology

wallet solution to guarantee the secure holding and transfer of users'

digital assets. the Fireblocks platform consists of three main parts:

secure hot vault, secure transmission environment, and process

authorization engine.

5.3.1 Secure Hot Vault

The unmanaged hot vault makes it impossible for hackers to

compromise private keys through a single point, either through

physical damage or insider intrusion. The hot vault uses chip-level

isolation and secure multi-party computing (MPC) to provide

multiple layers of defense in depth. It enables hardware-level security

without cumbersome deployment. Using the features of MPC, Hot

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Vault's private keys are fragmented and distributed in isolation on

cloud servers (SGX) and customer-owned secure mobile containers.

There is no unique private key and it cannot be reconstructed in one

place, eliminating the possibility of a single point of compromise.

Thanks to this distributed key management scheme, fund transfers

from the hot vault require the participation of both the server and the

customer's held mobile device. But only authenticated address

transactions can be signed in a secure transport environment, and

such a security architecture safeguards assets stored in the hot vault

from security threats from hackers, insiders or third parties.

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5.3.2 Secure Transfer Environment

The secure transport environment allows dynamic authentication of

destination addresses, meaning that asset transfers will always arrive

at the correct destination without the need for whitelist management

and cumbersome and error-prone security processes. Addresses are

protected and authenticated using chipset-isolated SSL encrypted

communications, leveraging secure storage of API keys. This prevents

network and host-based man-in-the-middle and spoofing attacks

and ensures that digital assets are not extracted from the account

network.

5.3.3 Process Authorization Engine

The workflow authorization model defines an extensive set of rules

for privilege management, and custom rules and policy firewalls

guarantee that any malicious or fraudulent transactions will be

immediately blocked. These rules are bi-directional and

account-based, not just address-based, so even if the wallet address,

liquidity provider or counterparty address changes, the ruleset will

still apply.

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60
6. TOPONE DAO Global
6.1 Global DAO Community

TOPONE has built a decentralized digital asset quantification

investment wallet using blockchain, and accordingly built TOPONE

DAO to realize decentralized management and give the

decision-making power to all users below. Everyone is the manager

of the ecology, everyone is the participant of the ecology, we work

together, together to promote the progress of the ecology, together

to enjoy the technological convenience brought by the ecology,

together to achieve intelligent management and pass incentive, so

that everyone can share the dividends brought by Web3.0.

6.2 DAO rights and benefits

TOPONE DAO is established in the user interaction and creates value

continuously in the interaction. In TOPONE DAO organization, DAO

users participate in DAO decision making through voting, implement

various resolutions of the community, and jointly manage the

development of TOPONE ecology and the promotion of various

61
application scenarios such as DeFi, NFT, GameFi, SocialFi,

Meta-universe and other major matters.

Users participate in DAW governance and contribute their labor to

get project tokens, so that users can enjoy the right to distribute and

govern DAW proceeds, etc., and can enjoy all kinds of super value

rights and interests in DApps of TOPONE ecology, and project tokens

can be circulated in DeFi and other application scenarios.

6.3 DAO governance mode

The governance mode of TOPONE DAO adopts a combination of

on-chain governance + off-chain governance - through the

programming of smart contracts on the blockchain, most simple,

highly repetitive and frequently invoked rule execution settings are

completed, while complex rule governance is carried out through the

establishment of an executive committee, DAO user voting, etc.

The organizational structure of TOPONE DAO is based on the shared

governance of the DAO community, on which a council is established

to be responsible for the management, guidance and related

authority acceptance and maintenance of the entire TOPONE. Under

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the Council, there is a daily executive body - Board of Directors,

which is responsible for relevant day processing, system control and

daily qualification approval; under the Council, there is a Social

Impact Information Committee and an association executive team,

which are responsible for proper allocation of outside investment

funds and daily operation and maintenance.

In addition, democracy is also a feature of TOPONE DAO - a high

degree of democracy, which can promote the overall participation of

DAO users and allow DAO users to fully express their interests. The

"majority-minority" principle is used to decide community affairs.

Finally, the irregularity of tampering makes it impossible for residents

to change their decisions easily, and the trial-and-error cost of

decision making is so high that any tampering with data will be

difficult to achieve.

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6.4 DAO Decision Making and Voting Mechanism

6.4.1 DAO Committee

The DAO committee is a group of three trusted individuals elected by

the community who hold the keys to the gated signature wallet. This

gated signature is responsible for enacting any binding votes that are

passed, such as implementing a governance proposal or adding a

catalyst node.

The DAO committee is overseen by the SAB, which has the ability to

suspend and cancel any action initiated by the committee.

Each on-chain transaction initiated by the DAO committee has an

automatic 24-hour delay before completion that allows the SAB or

the committee to revoke the transaction.

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6.4.2 Security Advisory Board (SAB)

The Security Advisory Board (SAB) acts as the guarantor of the

security of TOPONE smart contracts, overseeing the work of the DAO

Committee and responding to reports of vulnerabilities and bugs in

any TOPONE contract. the SAB has the ability to suspend, resume or

cancel any action taken by the DAO Committee.

The SAB includes 5 resident members, initially selected by the

TOPONE development team. The addition or removal of SAB

members can be initiated by starting a governance proposal process

on the TOPONE DAO. Any time a change or update to a material

matter must be supported by a gated signature on the SAB.

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 .
7 Risk warning and disclaimer

The regulatory policies of various countries for blockchain projects and financing

by swaps are unclear at present, and there is a possibility of loss of participants

due to the policies. The trading of digital assets including project digital assets is

highly uncertain, and due to the lack of strong regulation in the field of digital

asset trading, individual participants who are inexperienced in the market may

not be able to resist the asset shock and psychological pressure caused by

market instability. Although academic experts, official media and others have

from time to time advised cautious participation, there are no written regulatory

methods and provisions in place, so it is difficult to effectively avoid such risks.

This document is for informational purposes only and its contents are for

reference only. There is no recommendation to purchase the digital assets of the

project or the stocks and securities of the companies to which they relate. The

project team will continue to make reasonable attempts to ensure that the

information is true and accurate. During the development process, the platform

may be updated, including but not limited to the platform mechanism, passes

and their mechanisms, pass allocation, etc.

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