Field Coin

White Paper

Version 1.0

Alex Lightman
Released Oct. 31, 2021, in Celebration of the 13th Anniversary of Release of Satoshi
Nakamoto’s original Bitcoin White Paper
 www.Coinfield.com

Field Coin, the Coin To Support Food Security and Economic Stability in Hyperinflationary Times
Introduction

Forward-Looking Statements

Goals Outline

Crypto Market Opportunit

Institutional Crypto Adoption Continues to Accelerat
Selected Current Crypto Market Statistic
Role of Nigeria and Africa in Current Crypto Trend
The Exchange Marke
Two Types of Crypto Exchange

Sector Problem
Poor Technical Architectur
Insecure Platfor
Poor Market Liquidit
Intrusive Marketing and Unrealizable Promise
Poor Customer Servic
Poor Internationalization and Language Support

CoinField Exchange: Current Business Metrics and Plan

Geography of CoinField Busines
CoinField Revenue Model

CoinField Exchange: Current Tech Metric

Fiat & Crypto Walle
iOS & Android Ap
Matching Engin
Overview of Selected Feature
Coin
Device Coverag
Multilingual Support

Field Coi
Field Benefit
Fee Discount
Field and Food Security

CoinField Initial Exchange Offering (IEO

Field Coin Allocatio
Funds Allocation

3
CoinField Ecosystem: Race for Onboarding First Billion Users to Crypt
NFT Exchang
Field as GameFi and Educational Too
CoinField Blockchai
CoinField DEX Perspective
Innovations on March

Attracting New User

Increasing Trading Volume: Incentivizing Active Trade for Existing and New User
Seeds of Growth in the Garden of Agri Coin
Airdrop Term
Onboarding 10 Million Users of Tingo Mobile & Nwassa to CoinField Via Commodity Coin Airdrop
Referral Program

Roadmap

Growth Objectives

IEO Opportunitie
CoinField as a Business

Risk
Security is Paramoun
Market Competition

Tea
Alex Lightman, Executive Chairman & Presiden
Dimitri Litvinovits, COO Europ
Surya Chowdhury, CT
Dmitry Rokityanskiy, Head of Product, CPO

Advisor
Diederik Van Der Reij
Lex van Da
Adonis Galtatzis

4
Introduction
Coinfield Exchange’s mission is to become the home of Impact Tokens - coins and tokens that seek to
make a positive difference based on the goals defined in the United Nations SDGs. 1

In 2021 food prices have increased by

20-200%.

In Marmelade, the best restaurant in Puerto

Rico, food costs for the same ingredients in
the same quantity increased 40% in the first
10 months of 2021.

As the book The Bitcoin Standard makes

crystal clear, when governments are not
constrained by a gold standard, they flood the
market with fiat currency and set the stage
for hyperinflation of food prices.

1 5
https://sdgs.un.org/goals
It’s a cliché that “A country is nine missed meals from being a failed state.” - Lester Brown, author of
50 books on global environmental issues, once said, “Every year we have one or more failed states.
How many failed states until we have a failed civilization?”

CoinField and Tingo are two companies whose management was so concerned about the underfunded
food security efforts that they joined together to create and distribute the first cryptocurrency to
support food security, the Field Coin.

There is a need for a coin to serve the needs of the crypto community traders (and, eventually, other
users of the marketplace we are planning to build or partner with). We have a special initiative for
African farmers and citizens of Nigeria and other African countries. Field will serve the needs of these
communities for both access to convenient financial tools and a way to operate on the market for
agricultural and other commodity goods. Note that Nigeria has the highest level of crypto adoption in
the world,2 which should make adoption of Field in this market frictionless. In the future, we plan to
expand this initiative to the agricultural market in other regions.

There will be one billion Field coins issued in November 2021. Purchase can be arranged using the link
… Applicable terms and conditions are available via the link...

Purchasing these utility coins will enable discounts for coin holders for fees and services on the
CoinField and Tingo platforms over the whole CoinField and Tingo ecosystem, which currently
comprises 10 million users, expected to grow to 30 million users by the end of 2022.

Providing each Tingo mobile phone subscriber with a crypto wallet and airdropping Field will help us
grow to 10 million users within the first six months.
2 6
https://africa.businessinsider.com/local/markets/nigeria-is-the-leading-country-per-capita-for-bitcoin-and-cryptocurrency-adoption-in/drv4121
Onboarding ten million new crypto users will drastically increase CoinField’s trading volume ($18
billion in the last 12 months according to Nomics.com, which rates CoinField “A” for transparency) and
will also help Tingo Mobile to increase its revenue, user base, and profit margins.

Field coins will be used for a variety of trading pairs with decentralized digital currencies and CBDCs,
including eNaira.

The coin and its White Paper was completed on the 13th anniversary of Satoshi Nakamoto’s
3
publishing of Bitcoin's White Paper on Halloween, 2008.

CoinField is a fully regulated crypto-to-fiat exchange & virtual currency wallet system by FIU under
licence number FVT000111 based in the European Union (EU) that operates a trading platform in 186
countries worldwide. Founded in 2018, CoinField provides access to over 20 of the most popular
digital assets (BTC, XRP, ETH, and more) and on/off ramp for major fiat currencies (USD, EUR, GBP, JPY,
CAD, and AED).

CoinField aims to fulfil the daily needs of average people related to crypto around the world. The
company is represented in all key regions for the blockchain industry including Asia, Europe and Latin
America, except those where we require a separate license. One of our key areas of development in
terms of the region's economic development prospects and prospects for mass adoption of crypto
remains Africa.

Forward-Looking Statements
Certain information set forth in this presentation contains “forward-looking information”, including
“future-oriented financial information” and “financial outlook”, under applicable regulations
(collectively referred to herein as forward-looking statements). Except for statements of historical fact,
the information contained herein constitutes forward-looking statements and includes, but is not
limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of
proceeds from, the sale of the shares being offered hereunder; (iii) expected development of the
Company’s business, projects, and joint ventures; (iv) execution of the Company’s vision and growth
strategy, including with respect to future M&A activity and global growth; (v) sources and availability
of third-party financing for the Company’s projects; (vi) completion of the Company’s projects that are
currently underway, in development or otherwise under consideration; (vii) renewal of the Company’s
current customer, supplier and other material agreements; and (viii) future liquidity, working capital,
and capital requirements. Forward-looking statements are provided to allow readers of this White
Paper the opportunity to understand management’s beliefs and opinions in respect of the future so
that they may use such beliefs and opinions as one factor in evaluating their future actions and
purchases.

3
Disclaimer: there could be later updates, and the most current version would be displayed on the relevant CoinField page 7
These statements are not guarantees of future performance and undue reliance should not be placed
on them. Such forward-looking statements necessarily involve known and unknown risks and
uncertainties, which may cause actual performance and financial results in future periods to differ
materially from any projections of future performance or result expressed or implied by such forward-
looking statements.

Although forward-looking statements contained in this presentation are based upon what
management of the Company believes are reasonable assumptions, there can be no assurance that
forward-looking statements will prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. The Company undertakes no obligation to
update forward-looking statements if circumstances or management’s estimates or opinions should
change, except as required by applicable regulations. The reader is cautioned not to place undue
reliance on forward-looking statements.

Goals Outline
Our goal include:

1 By the end of 2022 to have over than 10 millions of verified users

Increase the daily trade volume 10x and reach $420M daily trading volume by the
2 end of 2022
4

Crypto Market Opportunity

The cryptocurrency industry is developing at such a rapid pace that entire countries, such as El
Salvador, and American cities represented by their mayors, such as New York and Miami, are
supporting them. Cryptocurrencies remain a protective asset against rising inflation.

Institutional Crypto Adoption Continues to Accelerate

4
Provision of these goals, just like any other content in this publication, does not represent financial advice. The Content is for informational
purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing
contained in this publication constitutes a solicitation, recommendation, endorsement, or offer by CoinField or any third-party service provider to
buy or sell any securities or other financial instruments in any 8
There has been a significant shift in Bitcoin from primarily a retail-focused endeavor to something that
looks attractive for institutional investors. Bitcoin and cryptocurrencies are at the start of a "massive
transformation" into the mainstream of finance, according to Citigroup. The bank said it could even
become central to global trade if innovation and adoption continues.

More global securities firms are offering crypto services. Goldman Sachs is pushing deeper into the
$1.2T Bitcoin market and opened up trading with non-deliverable forwards. Morgan Stanley plans to
give rich clients access to three funds that will enable ownership of crypto and Bank of New York
6
Mellon Corp. is developing a platform for traditional and digital assets. Citigroup is also considering
crypto services.

5
Https://markets.businessinsider.com/news/currencies/bitcoin-btc-could-become-currency-global-trade-citi-2021-3
6 9
Https://www.thinkadvisor.com/2021/05/12/ubs-explores-offering-crypto-investments-to-wealthy-clients/
Selected Current Crypto Market Statistics

Global investable assets are $120T vs $2.3T currently in crypto.

7
Market Capitalization Expected to Grow 8X with CAGR 72.15%.

Inflation is growing worldwide and people use digital assets as a defense

As the crypto market matures and an expansion of investment products comes to market (such as
Crypto ETF’s), the market share will continue to see significant increases.

8
According to Markets Insider, crypto adoption in Africa has increased 1,200% over the last year. Local
citizens in the region prefer crypto because of post-COVID inflation and high fees on money transfers
between African countries.

7
Https://www.yahoo.com/now/iweb-inc-otc-markets-qb-130000411.html

8
Https://markets.businessinsider.com/news/currencies/crypto-adoption-africa-surged-1200-avoided-banks-exchanges-chainalysis-2021-9 10
 Nigeria, which is the key market for Tingo
Mobile, is the key market for global crypto trade
and adoption, with incredible current growth and
growth potential.

The Exchange Market

Daily global trading volume continues to

increase, in 2021 it has exceeded $1T and is
only going to increase exponentially as more
institutions and corporations adopt
cryptocurrencies.

Wall Street analysts say institutional interest is

driving prices higher and adding legitimacy to
crypto assets.

Two Types of Crypto Exchange

There are fundamentally two different types of exchanges: the ones that deal with fiat currency and
crypto and the ones that deal purely in crypto.

11
It’s likely that pure-crypto exchanges will be bigger than fiat-based exchanges in the near future. For
now, both fiat and crypto form an integral part of our business. They will play an ever more important
role in world finance. This new paradigm is called binary finance.

With the help of our 240,000-user base that is growing rapidly, CoinField management will improve
our world-class crypto exchange, powering the future of crypto finance on a global scale. Most
importantly, adding 10M+ Tingo users should catapult CoinField into the top 10 largest crypto
exchanges by the number of users, web traffic, and trading volume.

12
Sector Problems

Even though crypto and blockchain have become familiar, some exchanges still have issues and don’t
satisfy users.

13
Poor Technical Architecture

Management and personnel of exchanges sometimes lack tech skills and understanding of the crypto

market. This often slows down the initial development but is critical for long-term success.

Our team has developed and is maintaining world-class financial systems that will help shape the

crypto economy. We understand how these systems are built from the ground up and are

continuously improving our systems.

Insecure Platform

Many exchanges do not care about security and allow data leaks or are subjected to hacker attacks.

СoinField is built to high technology standards, audited by a number of third parties, and penetration

evaluated. We are ranked “A” for transparency and have never been hacked. That’s a precious and

valuable attribute that will attract more and bigger customers if we can maintain this enviable status.

Poor Market Liquidity

Having a shallow orderbook means high slippage when trading, which is awfully expensive for traders.

Getting miners, institutional investors, and large traders into a new exchange is a chicken and egg

problem that requires a team with deep industry experience and an innovative and creative marketing

team.

Intrusive Marketing and Unrealizable Promises

Some companies will do anything, including misleading or spam advertising, to get more users.

CoinField has been built on limited to no online advertising budget by using creative advertising on our

own site to our existing user base, utilizing social media such as Twitter, Facebook, Instagram, and

other effective platforms.

Poor Customer Service

Money is literally on the line and at risk. Traders are a different breed compared to average website

users. Many exchanges’ service traders act as if they were running a social media site.

In addition to the technology stack, CoinField is built with service in mind, sharing support

responsibilities across the entire staff and company. We understand traders’ mentality and directly

interact with them.

14
Poor Internationalization and Language Support

Blockchains have no borders. Most exchanges focus only on one language or one country.

Our international, multilingual team has extensive working experience in Canada, North America,
Europe, and Asia, and we are able to smoothly support the global market and currently service
markets in 186 countries

CoinField Exchange:

Current Business Metrics and Plans

CoinField currently does between $20 and $80 million in daily trading volume. It operates in 186
countries and is A rated for transparency. We are going to onboard 9-10 million mobile phone and
trading platform users from Tingo Mobile in the near future, which should increase the trading volume
substantially.

Our matching engine is capable of sustaining 10,000 orders per second, making CoinField one of the
fastest exchanges in the market today. That’s why our users can feel comfortable about execution
times.

Owners will be able to use Field coin to get discounts on trading ($17 billion in transactions in 2021)
and to access our partners' food and agricultural products trading platform ($3 billion in transactions
in 2021 so far).

Our partner has publicly announced and made one or more SEC filings about its intention to uplist to
the New York Stock Exchange (NYSE), and already is a publicly traded company with a multibillion
dollar valuation.

Geography of CoinField Business

In November of 2021, Chainanalysis provided a

research report overviewing worldwide
cryptocurrency adoption.9 You may see most of
its results on the diagram below.

9 15
Disclaimer: there could be later updates, and the most current version would be displayed on the relevant CoinField page
Africa will be our highest priority for business development, since millions of Tingo Mobile subscribers
live there. Here it is worth highlighting Nigeria, Kenya, Ghana, and South Africa. We also plan to deploy
our activity in Mozambique, Zambia, Tanzania, Zimbabwe, and DRC.

We also plan to continue and strengthen our presence in Europe and throughout the European Union
in accordance with all the rules of the jurisdiction. Asian countries are also very important for our
business and we will strengthen the presence of our community there.

Another area for CoinField expansion is South America, perhaps the most promising region in terms of
adoption of cryptocurrency. We plan to actively develop our presence in Argentina, Brazil, Chile,
Colombia, and other countries in the region.

CoinField Revenue Model

CoinField revenue comes from the following sources:

Source Description

Exchange Fee CoinField charges fees according to the following table:

https://www.coinfield.com/support/trading-fees

Withdrawal &
CoinField does charge a small fee for withdrawal & deposit in fiat.

Deposit Fee https://www.coinfield.com/support/transfer-fees

Listing Fee CoinField will select innovative coins and other assets to be listed on the
exchange; with a fee associated with those listings.

White Label https://www.coinfield.com/start-white-label-bitcoin-cryptocurrency-exchange

Franchise https://www.coinfield.com/company/franchise

C oinField Exchange:

Current Tech Metrics

One of the prerequisites of providing the same footing to the cryptocurrency trading industry as that
of traditional markets is to develop a robust underlying infrastructure. CoinField exchange is built to
offer advanced trading options to cryptocurrency traders and investors.

16
Fiat & Crypto Wallet

The robust wallet system was built on top of CoinField's proprietary infrastructure and conducted

Atomic, Consistent, Isolated, and Durable (ACID) transactions to prevent multiple transactions from

interfering with one another. Our clients' wallets are synchronized with the wallets of the exchange

and other blockchains. We also use the third-party service BitGo.

The exchange uses cold wallets and multi-subscription transaction mechanics to increase asset

security. We are looking at creating a Field Name Service, similar to the existing token Ethereum Name

Service, which will serve to increase the adoption of crypto wallets by making them much easier to

use.

iOS & Android App

Having such a partner as Tingo Mobile, we can say with

confidence that our exchanger is geared to work on mobile

devices and our iOS and Android apps are convenient for users.

The mobile apps support all features provided on the web

version of CoinField and maintain the same level of security.

Data transfer is done through the API. Novice users can trade

cryptocurrencies with ease, while more experienced traders

can leverage advanced features.

Matching Engine

Our matching engine is capable of sustaining 10,000 orders per second, making CoinField one of the

fastest exchanges in the market today.

Overview of Selected Features

The following features are either already available or under consideration for the future

Spot trading (already available

Margin trading (requires additional license

Futures (requires additional license

Decentralized (on-chain) exchang

OTC Desk

Although margin trading and futures are in our Roadmap, these features are highly regulated. Any

relevant development effort will go ahead if (and only if) the relevant regulatory approvals are

obtained in relevant locations.

17
Coins

Apart from adding CFC (Coinfield Coin or Field) in the near future, CoinField supports trading pairs in
the following coins:

BTC ETH LTC XRP SOLO USDT USDC

XLM BCH DASH ZEC DGB ZRX GLM

OMG REP BTG SALT BAT ZIL LOOM

CVC TRX MWC GNT SGB

More coins will be added over time. We will only add coins that have strong credibility, user base, and
liquidity. If teams have a coin that they wish to list on CoinField in the future, participating in our IEO
now will help.

We currently support trading in several fiat currencies, including USD, EUR, AED, JPY, GBP, and CAD.

18
Referral Program

We already have the following cross-platform trading clients

Web-based clien
Android native clien
iOS native client
Mobile browser trading termina
REST API

The following is in our plans for future release

Light Mobile HTML5 client (including WeChat H5 client)

Multilingual Support

We currently support English, French, and Spanish on all our user interfaces, and intend to add support
for others soon, including Italian, Russian, Japanese, Korean, and German.

CFC (Field Coin)

CFC (Field) is the newest utility coin from the Global Crypto and Fiat Exchange for Food Security and
Better Crypto Investing and Trading. The Field coin will play a central role in CoinField’s ecosystem
across the 186 countries CoinField operates in, as well as 18 countries that Tingo, Inc., Africa’s largest
agri-fintech, operates in. The Field Coin will be initially released on the Ethereum blockchain, utilizing
the ERC-20 standard.

Field coin is designed to have an important social role that includes enhancing and preserving buying
power for buyers and sellers of food in Africa. Our partnership with Tingo has the potential to do more
good for farmers and families than any other crypto project. And when people buy the Field coin and
its value goes up, we have that much more we can provide in charitable contributions and impact
investment.

Field combines the best tech and business practices of two coins
The FTX coin that created the youngest self-made billionaire (The richest newcomer of 2021
Forbes Youngest Billionaires list is FTX CEO Sam Bankman-Fried, who at just 29 years old is worth
a staggering $22.5 billion, according to Forbes), an
The BNB coin that powers the largest crypto exchange in the world.

“It’s like Binance Smart Chain and FTX coin had a baby.” - Alex Lightman

19
Field powers the CoinField ecosystem. It offers a wide range of use cases beneficial to the CoinField

account holders. Traders can use Field for trading and paying transaction fees; it will be utilised for

CoinField's referral and partner programs; Field holders will be able to join the CoinField Saving

Program and earn daily rewards.

Coins from centralized crypto exchanges are popular because, unlike the vast majority of crypto coins

and tokens, these coins have a verifiable use case: they allow lower cost access to trading crypto, fiat

and, more rarely, other goods and services.

Field will be in a unique position because, together, CoinField and partner Tingo, Inc. have over $20

billion a year in transactions that could make use of the Field Coin.

Field is a utility coin with a limit of one billion coins (1,000,000,000). These one billion coins will be

created, with this number never to be increased.

Field Benefits

Field coins offer a number of benefits to their holders and users. As noted above, they can be used to

pay any fees on the CoinField platform, potentially including exchange fees, withdrawal fees, and

listing fees. Field will be used as a reward for CoinField’s Partner, Referral, and Staking programs. Field

will also be used on the Nwassa trading platform used by Tingo’s 9.3 million customers and related

food and agriculture trading platforms. In the near future, CoinField will issue a credit card, enabling

Field Coin holders to buy products at shops anywhere in the world.

CoinField will also issue Field on different blockchains to make its ecosystem interoperable with major

crypto ecosystems. The CoinField development team plans to create its own Field blockchain. The

chain will consist of DEX and DeFis.

Field Coin has sparked interest in surveys of prospective coin holders because CoinField plans to

expand its current ecosystem with many ambitious projects, including unique and unmatched projects

for food security as well as the increasingly popular NFT marketplace and exploration of the GameFi

domain.

On November 10, 2021, CoinField processed $61 million in trades and projects about $17 billion in

trades for the calendar year, making it a medium-sized exchange, allowing for better security and

customer satisfaction than the largest exchanges while still offering greater economies of scale and

scope than smaller exchanges.

20
Fee Discounts

We are releasing Field Coin intending (after proper development has been completed) to enable users
to pay any fees with a discount, including but not limited to

Exchange fee
Withdrawal fee
Listing fees

Field and Food Security

Fresh food at affordable prices is essential to successful families, communities, and societies. Food
prices have soared in 2021 and will continue to rise in 2022, even as crypto wealth has soared to three
trillion.

The Field coin will be used to access the ecosystems of crypto and food production, and is our way of
putting the power of crypto to grow wealth and buying power together with the power of farmers to
bring food to families.

One of the possible cases for food security that we'd like to provide is tokenization of food crops,
which can begin with rice. This project is at an advanced stage and will involve hundreds of thousands
of farmers and demonstrably increase the wealth and food supply. It will include the bringing together
of DeFi loans, stable tokens and tokenization of forward commodities contracts. The Field Team
believes that innovation is the child of necessity.

10

CoinField Initial Exchange Offering (IEO)

CFC (Field Coin) Allocation

The private sale of CFC tokens was initiated on November 10, 2021.

The public Initial Exchange Offering (IEO) for Field will start on December 7th, 2021, with an initial
quantity of up to 300,000,000 Field for sale. On this date the Field base price of CFC would be defined
at $1 per unit (before volume-based discounts). This public sale would be completed 60 days later or
in case all the coins are sold out, whichever comes first. Table 2 outlining base CFC prices is provided
below.

10 21
See https://en.wikipedia.org/wiki/Initial_exchange_offering
 % Amount (Field) Participant

30% 300,000,000 IEO (including liquidity and operations)

15% 150,000,000 Manticore Labs CoinField Exchange owner

20% 200,000,000 CoinField Team

10% 100,000,000 CoinField Existing Account Holders and Early Investors

15% 150,000,000 CoinField Community Fund

10% 100,000,000 Expansion Fund (marketing purposes)

Table 1. CFC Allocation

The IEO will be done in, BTC, ETH, USDT, USDC, SOLO and XRP

Amount of CFC available via private sale would be limited to 50,000,000. Private sale initial base price
is set at $0.5. Lockup period for private sale investors is set at 30 days after the IEO ends.

Additional amount of CFC that would be made available during the public sale would be limited to
250,000,000, with base CFC prices outlined in the table below.

Days before the IEO end 60 50 40 30 20 10

CFC Price $1.00 $1.05 $1.10 $1.15 $1.20 $1.25

Table 2. Base CFC prices

22
 CFC Order (Amount Purchased) Discount on CFC Price

100 - 1,000 CFCs 0%

> 1,000 - 5,000 5%

> 5,000 - 10,000 8%

> 10,000 - 20,000 11%

> 20,000 - 50,000 14%

> 50,000 - 100,000 17%

> 100,000+ 20%

Table 3. CFC volume-based discounts

Funds Allocation

55% of the funds collected during IEO will be used to fund the continued operations of the existing
and operational CoinField platform, perform upgrades to the existing system, fund team recruiting,
training, and add to the existing development budget. This includes the funds allocated for building
of, or co-investing into the “CFC-based projects”, namely the ones that would add value to CFC
users and expand the ecosystem of apps and businesses that accept and actively utilize CFC coin,
multiplying its use-cases.
30% will be used for branding and marketing of CoinField, as well as CFC-based projects mentioned
and defined above, including continuous promotion of CoinField and CFC-based projects’
innovations in industry mediums, as well as sufficient budget for various advertisement activities
to help increase awareness of both CoinField and wide CFC ecosystem and to attract, retain and
engage users to/on the platform
15% will be kept in reserve to cope with any emergency or unexpected circumstances
Unsold CFCs that are left from the pre-sale and IEO will be allocated to the purposes outlined
above proportionally, over three years as outlined below

Release Plan for Unsold CFCs That Are Left From the Pre-sale and IEO

Initial release 25%

After 1 year 25%

After 2 year 50%

23
 CFC Vesting Plan for the Team

Initial release 25% (50,000,000)

After 1 year 25% (50,000,000)

After 2 year 50% (100,000,000)

CoinField Ecosystem:

Race to Onboard the First Billion Users to Crypto

CoinField’s expansion in the cryptocurrency exchange market is just beginning and over time we plan
to create an ecosystem not inferior to Binance, in which our Field coin will have similar importance for
crypto users. Currently we use BNB use cases as references, with many useful and unique add-ons to
follow later.

Back at the beginning of May this year, Alex Lightman, during his speech at the AIBC Summit‫‏‬in Dubai
(presenting his keynote in front of the 4,000-strong audience and being named “audience favorite” in
the organizers’ press release the next day), stated his opinion that, no later than 2030, there will be at
least a billion crypto users (see relevant Appendix for details). He has expressed this view before, e.g.
in his August 2019 presentation at Clash of the Titans.

11
The recent release of Worldcoin founded by Sam Altman (former CEO of YCombinator), Alex Blania,
and Max Novendstern validates this point of view. For reference, this project has 100,000 registered
users, has received $25M funding at $1B valuation and is backed by institutional investors including
Andreesen Horowitz, Coinbase Ventures, LinkedIn co-founder Reid Hoffman, and FTX founder Sam
Bankman-Fried. Sam Altman hopes to reach the goal of one billion crypto adopters by 2022-23.

As a result of recent M&A activities, CoinField exchange now operates in full coordination with Tingo
International Holdings. Tingo is a technology and communications company offering, principally in
Nigeria and 18 other African countries, a comprehensive range of wireless communications products
and services for subscribers within and outside of the agricultural sector that are designed to meet the
needs of individual consumers and businesses, with a rapidly growing number of customers currently
12
exceeding 10 million people.

11
https://venturebeat.com/2021/10/21/worldcoin-launches-a-global-cryptocurrency-that-will-be-given-to-every-person-on-earth/

12
https://www.globenewswire.com/en/news-release/2021/10/01/2307063/0/en/Tingo-International-Holdings-Inc-Announces-Partnership-with-
MELD.html 24
This unique, first-of-its-kind alliance of reputable crypto exchange CoinField and advanced and fast-
growing telecom/fintech player Tingo Mobile has an already verified audience 100x the size of
Worldcoin’s.

The sections below outline future plans for the expansion of CoinField features and benefits, focused
on providing more value for users.

NFT Exchange
CoinField plans to promptly build an advanced NFT Exchange. To jump-start populating this platform
with users, a certain portion of Field will be airdropped.

The airdrop amount will be based on tiers derived from OpenSea transaction volumes. The airdrop
becomes claimable after transaction activity on the CoinField NFT marketplace within a month-long
introductory period. These tokens become transferable once this period has been completed.

The Field Team is exploring ways in which NFTs can be used as digital twins for agricultural and
forestry land to preserve and develop their ability to benefit both token holders and real life
stakeholders as well as globally with the development of carbon sinks and emissions credit
opportunities.

Field as GameFi and an Educational Tool

Taking into account the popularity of the rising GameFi market, CoinField will introduce a variety of
gamification scenarios into their functionality with the native token acting as the main motivator and
access key. Play 2 Earn and Learn 2 Earn has had a significant impact on developing world crypto
users and there is a huge opportunity here.

In the modern decentralized market that is placing accessibility and user revenues above project
prominence, any function ranging from education to trading on the platform can be gamified and
turned into a two-way profit-generating instrument. The native token is the core instrument in this
regard, and having one launched under the proper tokenomic model is decisive for exchange success.

CoinField Blockchain
Utilizing DeFi will be an important use case for CoinField. Nowadays, DeFi projects run on the Ethereum
blockchain or use EVM compatible chains like Binance Smart Chain (an Ethereum fork), Polygon
(Ethereum Sidechain), Tron (Ethereum fork), Solana (EVM compatible) and others. Turing-complete
blockchains offer greater flexibility for developers, as code can be executed directly and freely on the
virtual machine layer. Tingo is developing and has announced significant DeFi partnerships, Coinfield
will benefit from these.
25
Ethereum’s price and limited throughput of transactions per second combined with the gas-fee-based
consensus mechanism makes the protocol slow and expensive to use.

Though this design may have made sense a few years ago, the Ethereum blockchain network has
since become a bottleneck. New solutions have to emerge to tackle these immanent problems via
scalable, secure, and cost-efficient transactions performed directly on the consensus layer of the
blockchain.

Since the ETH “world computer” design paradigm seems very useful for a variety of different
applications and extended communities of developers, Field plans to migrate to its own blockchain in
the future, supporting all the features and benefits that are in our roadmap.

CoinField DEX Perspectives

According to Chainanalysis’ report, DEX users carry out much larger transactions than centralized
exchange users. The average DEX transaction is over $26,000 worth of cryptocurrency versus over
$12,000 for centralized exchanges, while the median for DEXs is just over $900 versus $150 for
centralized exchanges. This is likely because DeFi is also more popular in countries with bigger, more
established cryptocurrency markets, which also tend to be wealthier countries.

That’s why building the DEX and DeFi ecosystem is really important for CoinField’s business and
useful for the CoinField community, and why we plan to implement this task next year. We want to
implement as many innovative tools for crypto users as possible on the DEX.

Innovations on the March

We believe that the partnership with Tingo - the world's first case where a crypto exchange integrates
with a mobile operator - is an important step for the success of our business.

Our analysts also believe that the tokenization of food, fruits, and vegetables together with the
integration of crypto by Field Coin is the next stage in the development of the cryptocurrency industry
and food security innovation.

Our development team is sure that creating CoinField DEX is an important project, the result of which
will be the fast growth of the whole community and especially DeFi.

The centralized CoinField exchange will also add a number of new features and integrate the millions
of Tingo Mobile users, becoming a mobile-first exchange.

26
Attracting New Users
We suggest utilizing and building upon the best practices of market leaders, including Binance and
Uniswap. Binance was founded in mid-2017, and has demonstrated how rapid expansion in the crypto
space could be achieved by combining crowdfunding and airdrops. In several weeks it got its first
120,000 users and then, in several months, reached 6 million users, becoming a major crypto
exchange in January of 2018. The main reason was heavily discounted fees for holders of BNB tokens.
The exchange rewarded users for loyalty, trading activity and token holding by giving them discounts
13
on commissions. Later in 2020, the legendary Uniswap refined this model and gave users back its
14
income from commissions in a big airdrop. It is suggested that we utilize the following incentive and
airdrop model that aims to replicate the success of Binance and Uniswap.

Increasing Trading Volume: Incentivizing Active Trade for Existing and New Users
The goal of increasing trading volume should be achieved through:

Rewards based on the

trading volume/ Increasing number of Increasing the number of
commissions to incentivise users. traded coin pairs
increasing volume per user.

Seeds of Growth in the Garden of Agri-coins

Nwassa is a large agricultural marketplace. Users of Nwassa would be given a smooth way to onboard
a CoinField wallet and obtain an account there, earning rewards and prizes in the process of
onboarding and trading.

Field coins and other tools will be used for trading on this marketplace. As a result, the current and
future significant trading volume on Nwassa will be added to trading volume on CoinField.

Tokenization of food trading contracts, loans, and other financial tools aimed to support supply of
fruits, vegetables, meat, and other agro products will all add to the trading volume, as well as help to
increase food and job security for all the regions and communities involved.

13 https://www.forbes.com/sites/pamelaambler/2018/02/07/changpeng-zhao-binance-exchange-crypto-cryptocurrency/
14 https://gov.uniswap.org/t/learn-requirements-how-to-claim-your-400-uni/1025 27
Tingo Mobile has extensive experience and background in providing mobile services, including KYC.
Based on the partnership with CoinField, users will be able to turn in their biometric data and use it to
identify their account on the exchange and with the services of Tingo and CoinField partners. Users
will be rewarded in Field coins for sharing this data.

Airdrop Terms

We want to reward our users, especially those who have been with us for many years. For those who
have been with us since a specific year, we suggest giving back (via airdrop of Field coins) the
equivalent of part of the funds those users spent on trading commissions.

Onboarding 10 Million Users of Tingo Mobile and Nwassa to CoinField via Commodity Coin
Airdrops

Ten million users of Tingo Mobile and Nwassa would be incentivized to onboard to CoinField in a
variety of ways, including direct incentives and referral programs awarding Field coins, as well as via
targeted airdrops of newly issued commodity coin airdrops, which would also serve to significantly
increase the number of trading pairs and overall CoinField trading volume.

Part of the relevant profits will also be spent on sweepstakes and competitions. This is an additional
way to compensate trading fees for users. In addition, some part of commissions of new users will be
paid to those who attracted them within the CoinField referral program.

Referral Program

We plan to launch a special referral program to promote CoinField exchange, which will allow earning
on income from commissions not only for new users, but also for the experienced CoinField users who
attracted them to the platform. As a part of the referral program, our current users will be rewarded
for their commissions.

28
Roadmap

Jun 14 Confirmed start of the CoinField project

Oct 20 Initial internal draft of white paper completed

Nov 14 Announced CoinField IEO plan, and private IEO start

Dec 07 Public IEO starts, whitepaper is released to general public

Feb 19 IEO finishes

Feb 21 Active trading begins

IEO will start from 8.00 AM GMT on December 7th; the general public and global buyers can purchase
Field coins in 3 phases on a first-come, first-served basis until all tokens are sold. Field has a different
price depending on the IEO phase.

Buyers will receive Field coins within 5 working days after the IEO is complete. The detailed schedule
is yet to be provided.

Growth Objectives
CoinField seeks to aggressively scale the core businesses through increased marketing spend and
acquisitions whilst providing a regulated, reliable, and trusted service offering to users.

29
 Increase active registered
Increase profitability to $5 Increase deposits to $200
customers to 500,000 in
million per annum 2022 million in 2022
2022

Continue building platform

Increase profitability to $25 Quadruple monthly
via strategic acquisitions
million per annum 2023 trading volumes
at low multiples

IEO Opportunities
CoinField as a Business

Established in 2018, the Company is a regulated crypto exchange operating from Estonia
The Company conducts business on a global basis, is fully regulated in key markets, and operates
in over 186 countries
The Company has more than 240,000 registered users and is growing monthly
Current daily trading volume in absolute terms averages $20-120M with 40,0000+ daily trades
executed and monthly trading volume of $2.5 billion
$81.4M USD in total deposits of fiat and crypto in 2020, about $23.6M USD at the end of Q1 2021
The average trading volume per active user in 2021 is about $30K USD.

Risk
There are many risks involved in running a crypto exchange and investing in cryptocurrencies and
tokens. Coin buyers should seek independent financial advice and only invest funds they can afford to
risk. As this is a new asset class subject to high levels of market volatility, buyers may receive an
upside. However, they could also suffer losses. We understand this market volatility and have the
skills, experience, and leadership to operate our exchange, though there can be no assurances that we
will continue to be successful.

Security is Paramount

CoinField assumes that enhanced information security measures will help prevent a hacker attack or
the fall of the stock exchange and takes such measures in advance. Our team has developed CoinField
Exchange with security as the foremost concern.
30
Security is Paramount

Here are the main security methods implemented in our business activity

Hot and cold wallets for storing fund

Push notifications for sign-in, withdrawals, etc

SMS notifications for various actions and event

Multi-factor authenticatio

Confirmation code required for sign-ins from unknown IPs, withdrawals, stakin

Dangerous actions require verified profil

Authentication is fully implemented using JWTs with short expiration time and minimum dat

JWTs are automatically revoked when a user is banne

Information about sign-ins, IPs and other events is stored in D

15+ automated auditing methods for withdrawal

Password change blocks withdrawals for 48 hour

Chainalysi

CloudFlare’s WAF

We strive to ensure that we have followed all industry best practices when it comes to securing

infrastructure and data, including ISO/IEC 27001:2013 and the Cryptocurrency Security Standard

(CCSS).

Market Competition

We know this is an ultra-competitive space. There are already several thousands of competing

exchanges. Competition will continue to be fierce and many exchanges are more established, much

larger, and better capitalized than CoinField. However, CoinField is ranked “A” for transparency by

www.nomics.com, a leading industry online resource.

Team

CoinField’s team has been in both the finance and crypto industry for many years. The team has

worked on and operated a number of exchanges and have accumulated a large network of partners in

this space. These partners will be key in expanding and supporting the exchange.

31
 Alex Lightman is an award winning writer, entrepreneur, board
member, inventor, and advisor to governments and NGOs that
influence the lives of billions of humans.

Lightman is a director on the board of Tingo (OTCBB: IWBB) and

chairman of the board of CoinField, which will be acquired by Tingo.
CoinField is an A rated crypto exchange that operates in 193 countries
and has not been hacked. Tingo operates in 18 African countries and
provides mobile telephony and market platforms to almost ten million
Alex Lightman customers who grow, buy and sell agriculture products.

Lightman is founder and chairman of Keemoji, developer of mobile

phone software to protect privacy and security that has signed over
100 B2B customers and founder and CEO of KeePay, developers of a
platform for payments, tokens, and NFTs.

Lightman has been an advisor to dozens of crypto projects and

authored 20 crypto white papers. He delivered over 50 crypto
keynotes in dozens of countries and published 40+ articles on crypto.

His crypto projects include writing the original deck and/or white
papers for Casper (top ICO on Coinlist), PKT.cash, Metaverse DNA,
Keemoji, KeeMoney, and KeePay and leading the team that developed
the PKT router server, cjdns Wireguard and Token Strike. Other
selected noteworthy Crypto/ICO projects include BlockV (where Alex
was a member of the team along with Brock Pierce, Peter Diamandis
and a dozen of other prominent players in crypto space), Kamari Coin
(together with Chris Cleverly) and Science Blockchain.

32
 Dmitri ’ education lists a Bachelor and Master of Science degrees from
TalTech and Executive MBA from Stockholm School of Economics. He
has extensive knowledge and field experience in investment, crypto
and trading industries. Dmitri has been studying in-depth the financial
markets and participating in various ventures. He has been trading
various markets for almost 20 years, such as CFDs, Crypto, FX, stocks,
futures, options, etc.

Dimitri Litvinovits In 2014 Dmitri joined a broker as an executive team member with a
primary responsibility to contribute to business development. In 2015
COO Europe
he was promoted to organize and manage other departments and
connected legal entities in the COO and CEO roles. Dmitri mostly
contributed to establishing and managing relations with institutional
stakeholders and internal development through actions, such as
managing negotiations, providing leadership, forming internal and
external KPIs. He has broad experience with different regulatory
bodies and licensing. The following investment licenses were obtained
and operated under his supervision:

Dmitri has an extremely broad network of connections within the

investment industry, serving as the main point of contact for all 3rd
parties involved in ventures described above. He combines advanced
trading/investment knowledge with strong business qualifications
and regulatory practices. From 2020 he’s leading product
development, general business process and serving as a board
member in fully regulated European crypto-to-fiat exchange &
virtual currency wallet system provider CoinField

33
 Surya is a tech-enthusiast, who has wide experience in Blockchain
and Fintech. He brings to the team, a deep technical experience and
an innovative perspective.

Prior to CoinField, Mr. Chowdhury oversaw developments of Fintech

products and blockchain-related projects. He has been involved in
several tech startups and served as a CEO at Autonomy International
OU, an Estonia-based Fintech company. He has also held leadership
Surya Chowdhury roles at Shine Academy Solutions, and Goa Webdev Solutions, both of
which are also IT startups based out of the United Kingdom.
CTO

Prior to CoinField, Dr. Rokityanskiy served as the CTO and head of the
Moscow office at Keemoji, part of Mocha holdings, the global tech
startup, valued at $275M during the latest round of funding. Before
that he was Head of the Product /development team (and Moscow
office) at Token Communities PLC. Before that he was the founder &
CEO of DaClouds, a Google partner co-owned by Dmitry and 1C, with
an established partner network of 3300 partners, where Dmitry was
managing integration of Google and 1C software (installed in ~95%
Dmitry Rokityanskiy Russian companies).

Head of Product, CPO

Selected awards of Dmitry include AI hackathon Spacehack.xyz
(2017), Prizes at blockchain hackathons Proof of Skill (Moscow,
2018), ’Blockchain: New Oil’’ Hackathon (Kazan 2017) with Vitalik
Buterin presenting the prize.

Dmitry has successfully graduated from Founder Institute (Moscow

Chapter, 2013); he was funded by Tech Wildcatters, Dallas based top
US B2B accelerator (2015) and received numerous academic awards
from IIASA (based in Vienna), UK Royal Society Award and, US NSF
Postdoctoral Award (1999).

34
Advisors

Diederik Van Der Reijt is a entrepreneur and investor with over 18

years experience in finance and venture capital.

Diederik started his career as a derivatives trader on the Amsterdam

Options Exchange. In 2006 Diederik moved to Sydney to found

Kokomo Capital a High Frequency Trading firm with over 100

employees. After selling his stake in Kokomo Diederik has built a

diversified portfolio of investments in over 25 different companies

with several successful exits.

Diederik Van

Der Reijt
He has raised capital for both public and private companies in a wide

range of sectors including Biotech, Medical Cannabis, Technology

Platforms, Fintech, Blockchain and Digital Currencies.

Diederik is focussed on maintaining high ESG standards throughout

his underlying portfolio investments. He is a passionate advisor and

mentor to young entrepreneurs and has built his global network by

living in 4 different continents over the last twenty years. Diederik

supports philanthropic causes with a focus on cancer research.

Diederik has a Master’s Degree in Law from Leiden University in the

Netherlands.

Lex Van Dam is a Dutch investment manager, investor, and writer

specialising in trading in equities, currencies and financial derivatives.

He lives in London.

Born in a small town in Friesland, van Dam studied econometrics and

investments at the University of Groningen. His professional career

began in 1992, trading stocks for Goldman Sachs where he worked for

ten years, latterly as head of the equities proprietary trading desk.

After that he ran money at GLG which, at the time, was Europe's
Lex Van Dam
largest hedge fund. Since 2007 he has been a hedge fund manager at

Hampstead Capital LLP, London.

35
 In 2009, van Dam featured in a three-part series on BBC2, entitled
Million Dollar Traders that aimed to educate eight ordinary people
about the stock market, in a re-creation of the famous "turtle trader"
experiment of Richard Dennis in the 1980s. Van Dam put up the
sterling equivalent of $1 million of his own money for the novices to
trade with over the course of eight weeks. As with the original
experiment, those who lasted the course broadly confirmed the claim
that novices could become professional-level traders, making small
profits or at least lower losses trading in very turbulent markets during
the filming than professionals, who lost four times greater amounts
over the same period. Van Dam set up the experiment to encourage
the public to take greater control of their personal finances in the wake
of the global financial crisis.

Later that year, a companion book How to Make Money Trading was
released in order to expand on the trading techniques featured in the
television series.

In November 2010, he launched The Lex van Dam Trading Academy

which aims to teach people how to trade and invest in the stock
market based on his 5-Step-Trading® methodology.

A global entrepreneurial engineer, educator, and marketer trained by

Apple, Adonis has been inventing and marketing professionally since
2007. He started his career with Apple, then created the first portable
EEG, and then moved into cryptocurrencies. He created the first
mobile Ripple wallet, built Bitcoin ATMs, and helped launch PKT, a
cryptocurrency with a multi-million dollar market cap. He’s the author
of several technology books and several technology patents, as well
as many open-source libraries.
Adonis Galtatzis

36