A global fund investment and management platform - | Solidify Growth, Distribute Impact
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| Solidify Growth, Distribute Impact
A global fund investment and management platform
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| Solidify Growth, Distribute Impact
CONTENTS
1. Introduction ....................................................................................................................................... 3
2. Industry Background ....................................................................................................................... 4
2.1 Sustainability ................................................................................................................................. 4
2.2 Sustainable Returns ...................................................................................................................... 5
3. BLOC Platform Proposition ............................................................................................................ 7
4. BLOC Platform Business Model..................................................................................................... 9
4.1 Platform Overview ........................................................................................................................ 9
4.2 BLOC Platform Token - MDAB..................................................................................................... 14
4.3 Membership ................................................................................................................................ 15
4.4 Validator Node ............................................................................................................................ 17
4.5 Insurance Node ........................................................................................................................... 19
4.6 Conversion Fees .......................................................................................................................... 20
4.7 BLOC’s Revenue Model ............................................................................................................... 20
4.8 New Funds on BLOC Platform ..................................................................................................... 21
4.9 FX Exchange ................................................................................................................................ 22
5. BLOC Platform Technology .......................................................................................................... 24
5.1 Infrastructure .............................................................................................................................. 24
5.2 MDAB and MDA-Fiat Tokens ...................................................................................................... 25
5.3 BLOC Reserve-Based model ........................................................................................................ 26
5.4 BLOC Automated order filling ..................................................................................................... 27
5.5 BLOC Transaction Settlement ..................................................................................................... 27
5.6 BLOC Consensus .......................................................................................................................... 27
5.7 BLOC API...................................................................................................................................... 27
6. BLOC Platform – Token Offering ................................................................................................ 29
7. Partners ............................................................................................................................................. 30
8. Roadmap ........................................................................................................................................... 32
9. First fund launching on BLOC Platform .................................................................................... 33
9.1 Fund Objectives........................................................................................................................... 33
9.2 BLOC Fund Overview................................................................................................................... 34
10. Legal Information ........................................................................................................................... 36
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1. Introduction
BLOC is a global investment and management platform using new financial technologies. We at
BLOC believe that technological innovation, using blockchain at its core, will revolutionise all
industries. Blockchain can build a more trustful internet system through the first principles of safety,
storage and decentralization. We at BLOC realize that blockchain is not merely a technology, but a
socialized concept of "consensus trust", which encourages people to build a system in the internet
that can be governed. This is fundamentally important in areas of social responsibility.
BLOC is committed to building a standardized, intelligent fund service platform based on digital
assets. Blockchain technology, intelligent contracts are used to serve the entire process of fund
investment, management, and liquidation. Due to issues such as the scalability of consensus trust,
blockchains have been slow to resolve social conflicts. The global fund management platform that
BLOC team is committed to organizing and maintaining, can greatly improve efficiency and security
for small and medium investors and fund management companies. BLOC's technological advantages
will enable the construction of a set of fund management and investment tools to help users create
and invest in different types of funds (including venture funds, equity funds, fixed income funds,
public funds, etc.).
BLOC believes that it is crucial to solve various problems in the field of fund investment, and will
strive to build an investment system specifically for investing in global funds through digital
currency, and focus on the field of influence investment, environmental protection and public
welfare investment to help Address global poverty, hunger, pollution and inequality.
Through the BLOC platform, investors will have the opportunity to invest in global top funds, especially
impact funds, not only to obtain considerable returns, but also to create global social benefits.
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2. Industry Background
2.1 Sustainability
We, as a population, face an increasing number of interconnected challengers, with pressure on
environment and social infrastructure. These pressures arise from an economic ecosystem designed
to incentivise output and growth. We must transition toward a sustainable system that respects
ecological balance and work for the benefit of everyone.
The UN established its 2030 Agenda for Sustainable Development in 2015 where many world leaders
have adopted its principles . Over the course of its program, countries applied universally the
outlined 17 Sustainable Development Goals, and will mobilize efforts to end all forms of poverty,
fight inequalities and tackle climate change. These goals are unique in that they seek participation
from all poor, rich and middle-incomed countries and recognise that ending poverty must go
together with strategies that build economic
growth. These addresses a range of social needs
including education, health, social protection, and
job opportunities, while tackling climate change
and environmental protection.
We therefore need to transition our current
economic system into regenerative circular system
by design. Instead of maximising growth and profit
and making products obsolete by design, the goal
is to capture all the value we create for as long as
possible. Economic growth must be reconnected
to our actual needs in smart, innovative and
resource-conscious ways.
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2.2 Sustainable Returns
This moves us into impact investing where investments made with the intention to generate positive,
measurable social and environmental impact alongside a financial return. In this way, we can align the
interest of sustainability with that of investing – financial returns.
The core characteristics of impact investing can be classified in four key characteristics:
• Intentionality
An investor’s intention to have a positive social or environmental impact through investments
is essential to impact investing
• Investment With Return Expectations
Impact investments are expected to generate a financial return on capital
• Range Of Asset Classes
Investments can be made across asset classes, including but not limited to cash equivalents,
fixed income, venture capital, and private equity
• Impact Measurement
Commitment of the investor to measure and report the social and environmental
performance and progress of underlying investments, ensuring transparency and
accountability while informing the practice of impact investing and building the field
On all four characteristics, applying digital technologies within the social and impact investing space
can provide significant benefits in terms of access to various asset classes (including, portion of binary
assets) and significantly improves transparency of each investment.
The claim that investing sustainably is at the detriment to returns is a false doctrine. This dubious
binary logic is often used to “prove” that impact investments and other forms of responsible or
sustainable investing must detract from returns. Furthermore, sustainable returns are becoming
increasingly popular with 39% of wealthy investors already have sustainable investments in their
portfolios. 1
1
Source: https://www.ft.com/content/292ecaa7-294c-3a4b-bde6-a7a744cb85a9
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There is significant evidence that supports the conclusion that sustainable and impact investors can
at least match the returns of ordinary investors. More than 2,200 academic studies undertaken in
the past 40 years have examined the relationship between ESG factors and corporate financial
performance. More than 90 per cent of them have found that ESG factors have a positive or neutral
impact on financial returns 2. Additionally, the MSCI KLD 400 Social index, comprising of companies
with strong sustainability profiles, has outperformed the S&P 500 with annualised returns of 11.2%
vs. 10.7% since 1990. 3
Furthermore, respondents to the Global Impact Investing Network report that portfolio performance
overwhelmingly meets or exceeds investor expectations for both social and environmental impact and
financial return, in investments spanning emerging markets, developed markets, and the market as a
whole. This has meant that total assets under management in impact funds has risen to $114 billion
and expected to grow a 17-20% per annum 4. With the prevalence of social responsibility, this trend is
expected to continue. We at BLOC are creating a platform where investors can increasingly access this
asset class and benefit from the characteristics of blockchain i.e. trust and transparency.
2
Source: Meta-study by Friede & Busch.
3
Source: https://www.ft.com/content/292ecaa7-294c-3a4b-bde6-a7a744cb85a9
4
https://thegiin.org/assets/2017_GIIN_FinancialPerformanceImpactInvestments_Web.pdf
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3. BLOC Platform Proposition
The BLOC platform aims to provide high quality and standardized fund service where investors will
have the opportunity to invest in top impact funds, not only to obtain considerable returns, but also
to create global social benefits. The platform will join forces with a number of well-known fund
institutions to launch multiple funds, including Bamboo Capital Partners, UNDP, etc.
BLOC_Proposition
In partnership with top impact investing funds internationally, like Bamboo Capital Partners and their
pioneering investments, we have come to realize the importance of technology and has learned to
harness its power in leapfrogging entire market developments and dramatically scale the expected
impact for millions who are marginalized and living in poverty. We aim to greatly improve the
efficiency of the process of directing investments, to where it can make the most impact. This will be
done via the BLOC platform.
The BLOC platform will connect global impact funds, using the most advanced blockchain technology
to invest in and incubate socially influential projects to help solve global social issues. Our initial focus
will be around 3 of the Sustainable Development Goals – Poverty, Gender Equality and Reducing
Inequalities.
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We Guide, We Invest, We Grow, We Distribute and We Deliver
BLOC’s global partners have delivered financial and social returns and are rigorous around defining
and measuring impact. Together, we are working towards a powerful impact investment formula.
Measurement:
We use data-driven key performance indicators to measure the financial, social and environmental
returns of the investments.
Transparency:
We verify impact claims on the Blockchain and provide transparency for our investors and beyond.
We analyse and track the investments digitally and investors have access to venture details, as well as
the key performance indicators.
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4. BLOC Platform Business Model
4.1 Platform Overview
BLOC platform provides access for investors into new funds and will create liquidity around access to
these funds. From the fund’s standpoint, the funds raised are fixed and therefore they face no
volatility in assets under management. Investors, however, will have liquidity to exit via BLOC
platform.
Investors will be able to contribute to new funds in the currency they wish at the prevailing market
rate. The funds will be converted into MDA based stable coins in the currency the fund is raised in.
Stable_Coins
BLOC platform will issue series of stable coins that will anchor to different fiat currency for investment
in funds in different regions and settlement.
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On the platform, investors could convert several cryptocurrencies into MDA-FIAT stable coins in the
corresponding regions with only one click and use the stable coins which are then invested in the
impact fund. From the investors point of view, they will contribute in the currency they wish. Returns
will be distributed in terms of the stable coin in order to ensure matching returns from the fund and
incur no market risk from conversion back into initial cryptocurrency.
Conversion process
• When investing into the platform, the investor contributes their chosen currency into the fund
• Within the BLOC platform, these currencies are exchanged into MDA-FIAT (locked exchange
rate with FIAT, such as MDA-BRL, MDA-USD, MDA-CNY)
• Ratio of MDA to FIAT is free floating, but the exchange ratio of MDA-FIAT to the corresponding
FIAT is 1: 1 unchanged
o For example, 1MDA-BRL = 1 BRL, 1MDA-USD = 1 USD, I MDA-CNY = 1 CNY
• These funds are then contributed into the fund in the the MDA-FIAT where the fund originates
o For example, for a Brazilian fund, contribution currency needs to be converted into
MDA-BRL and done via the platform
• MDA-FIAT will be then be put into the project
In specific areas, MDA-FIAT holders can be certified as MDA-FIAT holders (eg. MDA-BRL, project owner
receives investment in MDA-BRL. When they have been authenticated, they can have their MDA- BRL
directly into the Brazilian legal currency Real). The returns will be distributed in terms of MDA-FIAT to
crystallise the fiat value of said returns; this will be distributed to the user’s platform wallet
proportional to the MDA-FIAT the user invested in. Users can then exchange these stable coins for any
cryptocurrencies at market price, to withdraw.
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Investment Process
When the user converts any cryptocurrency into a stable coin on the BLOC platform, it can be used to
invest in impact funds in different regions. Different funds will have different investment conditions,
and the platform will conduct KYC procedures for potential investors according to the corresponding
laws in the fund issuers’ areas. Investors will be able to see the detailed terms of the fund on the BLOC
platform, including fund duration, minimum investment limit, management fee, exit mechanism etc
via BLOC dashboard. Users can view their portfolio details through the Dashboard of the BLOC
platform and continuously track the fund's investment. The fund's information disclosure will be
stored on the blockchain and open to fund investors.
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Return_Process
When the fund expires, there will be different ways to return the investment income and principal to
the investors:
• Funds can use the fiat currency to purchase the corresponding stable coins directly from the BLOC
platform and then return it to the corresponding investors
• Funds can use the fiat currency to buy cryptocurrency in the open market and convert it to the
corresponding stable currency on the BLOC platform, and then return it to the corresponding
investor
After the investor receives the corresponding stable coin as investment return, it can be converted
into any cryptocurrency on the BLOC platform and can be extracted into their wallets.
Note: The purchase of the corresponding stable currency using the fiat currency on the BLOC platform
has to abide by the local law. The actual case might be that this service can be provided only in some
regions in the world.
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Fund_Dashboard
The BLOC Platform’s fund dashboard provides an easy and quick interface to see access to wallet, coin
exchange, new fund offerings and view of invested funds. This dashboard will be the home base for
investors to keep track of all investments including the investments that the funds are active in, as
well as key statistics of the fund. This will also be the place where investors can acquire insurance for
the funds that they invested in.
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4.2 BLOC Platform Token - MDAB
The platform is built based on blockchain technology, ensuring trust and transparency, a requirement
for impact investments. Furthermore, this will also enable global liquidity. BLOC will issue MDAB as its
platform token.
The token utility will enable holders to participate in the activities on the platform.
• Membership: By locking MDAB tokens, holders benefit from additional features by becoming a
Global Impact Member. Benefits will increase with tokens held and be based on tier requirements
• Conversion fee: When converting cryptocurrencies into other stable coins or vice versa, or when
trading stable coins on the FX exchange, a certain amount of conversion fee could be paid by
MDAB. By utilising MDAB to pay for conversion fees, users can benefit from 0-75% discount of the
fee
• Staking: Validator will be able to choose to stake its own token into the smart contract. Any holder
of the MDAB token will have the option of proxying the held MDAB token to some Validator Node
for Staking
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4.3 Membership
BLOC platform will become a global fund investment platform. In order to provider further incentives
to MDAB Token holders, we have designed a membership rating system to reward their contribution
to the platform ecosystem.
These membership’s will be divided into 4 tiers:
• Tier 1:
Requirement: lock 10,000 MDAB tokens
4th to access new BLOC funds, subscription priority higher than non-members
Members can obtain the Global Investor Fund Junior Investor Certificate issued by the BLOC
platform
• Tier 2:
Requirement: lock 100,000 MDAB tokens
3rd to access new BLOC funds, subscription priority higher than Tier 1 members
Members can obtain the Global Impact Fund Intermediate Investor Certificate issued by the
BLOC platform
Concurrently, investors receive further 0-20% discounts on the BLOC platform when
converting from MDAB and stable coins
• Tier 3:
Requirement: lock 1,000,000 MDAB tokens
2nd to access new BLOC funds, subscription priority higher than Tier 2 menber
Members can obtain the Global Impact Fund Senior Investor Certificate issued by the Green
Cross Brazil, and get the opportunity to be invited to their conferences and networking events
Concurrently, investors receive a higher discount (25%-50%) on the BLOC platform when
converting between MDAB and stable coins
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• Tier 4:
Requirement: lock 10,000,000 MDAB tokens (automatically obtaining Super Member status)
There are 20 available spots for Super Member, representing the total amount of 200 million
MDAB (20%)
Super Member has the right to pre-empt all funds and can apply to become a Green Cross
Brazil Impact Investment Ambassador/Ambassador and eligible to participate in Green Cross
Brazil Impact Investment Conferences, and will be qualified to participate in 2-3 world class
business summit conferences and charity events each year
Super Member will be able to apply to become a validation node in the future
Super Member will receive 20% of the platform fee sharing from the BLOC platform every year
Level 1 Level 2 Level 3 Level 4
Lock 10,000 Lock 100,000 Lock 1,000,000
Requirement Lock 10,000,000 MDAB
MDAB MDAB MDAB;
4th to access 3rd to access new 2nd to access
1st to access new BLOC
Priority new BLOC BLOC funds new BLOC funds
funds
funds
0-20% discounts 25%-50%
50%-75% discounts on
on the BLOC discounts on the
the BLOC platform when
platform when BLOC platform
Discount converting from MDAB
converting from when converting
and stable coins;
MDAB and stable from MDAB and
coins stable coins
Able to apply to become
a validator nodes;
Participate in Green
A Global Impact Cross Brazil Impact
A Global A Global Impact
Fund Investment Conferences;
Investor Fund Fund Senior
Intermediate participate in 2-3 world
Junior Investor Investor
Rewards Investor class business summit
Certificate Certificate issued
Certificate issued conferences and charity
issued by the by the Green
by the BLOC events each year;
BLOC platform Cross Brazil
platform Automatically receive
20% (each of them
receive 1%) platform fee
sharing each year
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4.4 Validator Node
The BLOC platform will invite well-known institutions and influential individuals to become the
Validator nodes on the platform, with a total of no more than 21 nodes globally. The main role of the
Validator node is to review and validate fundraising materials and to continuously monitor the
investment process. Any fund issued on the BLOC must have a validator for recommendation and
certification, and only certified funds can be opened to investors on the platform. At the same time,
Validator needs to stake MDAB tokens to provide additional guarantees for the fund. If the fund faces
compliance problems, and leads to investors loses, the validator will lose the node qualification, and
the staked tokens will be compensated to the investors proportionately.
The BLOC platform will reserve a portion of the MDAB tokens in the Validator Pool as future rewards
to the Validator node in return for continuous service. The Validator Pool will release no more than
10% of its current year's total for all Validator nodes as a reward. The release method is that the
Validator must stake a portion of the token to get the reward.
Staking Rules:
Validator will be able to choose to stake its own token into the smart contract and be locked. Minimum
is 1 million MDAB tokens. The token locked will be rewarded by the Validator Pool. See the following
table:
Staking Time Validator Compensation
3 Months 5.0%
6 Months 12.5%
1 year 30.0%
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Example:
If a Validator Node locks 2 million MDABs a year, then this node will be able to get 2 million * 30% =
600,000 MDAB tokens after the lockout is over.
Principle Return after the lockout
Staking Time Validator Return Rate
(Unit: MDAB) (Unit: MDAB)
2 million 3 Months 5.0% 100,000
2 million 6 Months 12.5% 250,000
2 million 1 Year 30.0% 600,000
Staking Proxy Mechanism
Any holder of the MDAB token will have the option of proxying the held MDAB token to some Validator
Node for Staking. When the proceeds are finally obtained, the Validator node will share the proceeds
with the holders, and the sharing ratio will be set by the Validator Node. The MDAB token holder can
decide which node to proxy its own token based on the reliability of the Validator Node, the
proportion of revenue sharing, and so on. At the same time, if the risk of non-compliance of the fund
verified by the Validator Node causes the investor losses, the corresponding value of the Staked MDAB
tokens will be paid to the investor, therefore the MDAB token holder needs to select the Validator
Node carefully when they process the Staking Proxy.
Staking Reward Upper Limit
The upper limit of the Staking reward will not exceed 10% of the total amount of the Validator Pool in
the current year. If it is exceeded, it will be prorated to all Validator nodes.
More specific election rules and operational rules for the Validator node will be available in the
future BLOC official website.
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4.5 Insurance Node
The BLOC platform will openly recruit insurance nodes to provide additional guarantees for the fund's
revenue. The insurance node will be able to provide insurance services to all investors, and the
insurance node is required to lock at least 1 million MDAB tokens as the underlying insurance pool. In
return, the insurer will receive a premium which must be paid in MDAB. All premiums paid for the sale
of insurance products will not exceed twice the amount of the insurance pool.
The insurance node must lock at least 50% of the gross value of the insurance they provided, in terms
of MDAB, into the insurance pool. The locked MDAB tokens can be proxied and locked by the fund's
Validator Node in order to obtain further Staking income.
These Insurance Nodes, should they choose, may have additional benefits and product utilities.
Investors can acquire insurance from these validators for a fee. For example:
• Insurance Nodes can broadcast they are willing to provide insurance for fund 1 at a certain
rate (i.e. return below - 5%)
• They also broadcast the cost to insure i.e. 1000MDAB per 100 MDA - USD investment
• Investors can choose to accept the offer by depositing the required MDAB with the Insurance
Node
• If the return falls in the range the Insurance Node offered, the investor claims the insurance
payment
• If the return falls above the range, validator receives the fee
The more specific election rules and operating rules of the Insurance Node will be announced in the
future BLOC official website.
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4.6 Conversion Fees
For all transaction on the BLOC platform, conversion occurs (i.e. contribution currency, MDA or stable
coins), if users have enough MDAB to cover the fees, the system will pay the required amount of MDAB
as transaction fees. The fee is discounted (ranging from 0 to 75% based on the number of MDAB
tokens held), and equivalent MDAB currency is calculated according to the current market value, and
MDAB currency used to complete the payment of the fee.
4.7 BLOC’s Revenue Model
BLOC
Revenue
Membership Platform Fee Conversion
BLOC will generate revenue in 2 ways:
• Conversion: For each transaction on the platform between cryptocurrencies and stable coins,
a small fee will be taken. This can be discounted by membership benefits
• Platform Fee: For funds to access a large range of potential investors, we will charge a small
fee of the amount raised via the BLOC platform. Initially this will be zero as an incentive for
new funds, we envisage this to be introduced as the platform reaches critical mass. In addition,
BLOC will receive a portion of the returns generated by each fund on the platform
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4.8 New Funds on BLOC Platform
We at BLOC will carefully curate the funds launching on our platform. Only the funds which are
recommended and validated by our Validator nodes will be selected to list. Our filters will revolve
around each fund’s impact and sustainability according to 17 UN’s sustainability objectives, with the
first funds focusing around improving poverty, gender equality and reducing inequalities. Therefore,
investors with us can be assured that the funds will have meaningful impact on social deficiencies as
well as a way to generate returns.
Our initial founding partner, Bamboo Capital Partners, will launch the first fund on BLOC . Bamboo,
was founded in 2007 and manages over $370m in assets. Its aims are to find game-changing
businesses and applies a mix of geographical and sector expertise to deliver financial and social
returns.
As highlighted by GIIN, impact investing covers multiple different asset classes; from private/public
equity to debt instruments with returns proportional to the capital instrument. With this in mind, we
at BLOC , aim to reflect this onto our onboarding of new funds on our platform. As part of our business
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development plan, we will have new funds launch by making loan instruments as well as traditional
equity.
Once BLOC has reached a critical mass and sustainable level, we will also launch an index fund for
impact investments which will track the performance of the underlying funds launched on BLOC .
Investors can access the platform in the same way.
4.9 FX Exchange
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Given that the BLOC platform will issue a variety of stable coins anchoring different fiat currencies we
will establish a cryptocurrency FX exchange alongside.
Global trading pairs will be added which will make the BLOC platform a single market maker or a
counterparty of the investors, but also a free market which allows investors to convert funds. The
platform will charge a fee for each transaction. This will act as a gateway for investors to access funds
and provide liquidity to their home currency.
Furthermore, as part of the FX exchange launch, we will incorporate investors access to margin. The
counterparty to the provision of margin will be provided by similar participant(s) on the BLOC platform
and earn interest in the form of stable coins. Via access to margin, investors can increase their
investment size into new funds.
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5. BLOC Platform Technology
5.1 Infrastructure
The BLOC Impact Investment Platform is a software program that will be initially built on three
blockchain protocols, i.e. Hyperledger, Stellar network and the Binance Chain protocol.
All on-chain data related to BLOC Platform token transactions will be kept private, such as
documentation related to identity and authentication, confidential contracts and other agreements
with sensitive information, will be managed through Hyperledger Fabric. Users will retain sole custody
of their private keys throughout the transaction process, this will give full control to investors over
their own funds without having to rely on an exchange.
Stellar network will perform as a gateway for Fiat-Crypto transactions on BLOC platform. Stellar
network will allow easy and fast conversions of almost any fiat currencies into MDA-Fiat
cryptocurrencies. Also it supports smart contracts which will ensure the whole BLOC platform to run
smoothly.
On the other hand, in order to bring more scalability, decentralization and security to the software
and more liquidity to token holders, Crypto-Crypto transactions on BLOC platform will happen on
Binance chain.
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5.2 MDAB and MDA-Fiat Tokens
MDAB token will be launched on Binance chain to start.
We have chosen Binance Chain protocol as it provides us:
• An alternative marketplace for issuing and exchanging digital assets in a decentralized manner
• Issue new tokens to digitalize assets, and use Binance as underlying exchange/transfer
network for assets
• Send, receive, burn/mint and freeze/unfreeze tokens
• Send orders to buy or sell assets through trading pairs created on the chain
• Watch the DEX market to confirm price and market activity of certain assets.
• Explore the transaction history and blocks on the chain, via Binance Chain Explorer, API and
node RPC interfaces
• Extract other data of Binance Chain via full node or APIs
Binance Chain adopts the fast BFT (Byzantine fault tolerance) consensus algroithm and has near-
instant transaction finality, with one-second block times. This is considerably faster than other
blockchains.
With the core Binance Chain technology, Binance DEX can handle the same trading volume as
Binance.com is handling today. This solves the issues many other decentralized exchanges face with
speed and power. With Binance DEX, users fully hold their cryptocurrencies and are able to directly
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plug into the network to trade without providing any personal information. Also there is no downtime
as Binance DEX is run by nodes distributed around the world.
Upon the full release of BLOC software, where interchain swap tools and protocols will be refined and
developed in conjunction with other transaction performance-enhancing tools, a mapping of MDAB
token will be done on Binance chain and Stellar network. The MDAB token on Stellar network will be
the actual utility token, while the exchange of MDAB and other cryptocurrencies will still happen on
Binance chain, this will done via interchain swap protocols.
MDA-Fiat cryptocurrencies will be issued on both Stellar network and Binance chain. Similar to MDAB,
the tokens on Stellar network will function as the actual utility tokens, while those on Binance chain
can be exchanged with other cryptocurrencies. The token ownerships on both Stellar network and
Binance chain are synchronized on a real-time basis thanks to interchain swap technologies.
5.3 BLOC Reserve-Based model
BLOC Platform aims to aggregate liquidity across token exchanges by treating the entire landscape as
a potential reserve. BLOC reserves will provide a supply and demand of various tokens that are readily
available to be executed based on the reserve’s quoted buy and sell prices for that token. These
reserves will be created by on-chain smart contracts (Moeda’s Chain) that enforce the trade execution
and settlement process. The trade price may also be programmatically determined by a smart
contract. The reserve model enables BLOC users to enter trades more easily given that the supply and
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demand sides have fixed terms and are readily available to trade upon those terms. This removes the
potential friction involved in discovering counterparties and negotiating.
5.4 BLOC Automated order filling
With an automated order filling BLOC Reserve Managers feed dynamic exchange rates into the
Moeda’s smart contract and orders are filled at the current exchange rate, an algorithm will match
orders automatically. Automated order filling reduces the amount of user time and effort needed to
identify suitable trades, thereby reducing order filling latency.
5.5 BLOC Transaction Settlement
On-chain settlement helps users publicly verify on the ledger that their trades were settled according
to their desired terms.
5.6 BLOC Consensus
BLOC has a flexible governance model MDAB-weighted delegated voting system where voting power
is directly proportional to the amount of MDAB you have. Validator will be able to choose to stake its
own token into the smart contract. Any holder of the MDAB token will have the option of proxying the
held MDAB token to some Validator Node for Staking.
5.7 BLOC API
The BLOC API is hosted on Microsoft Azure and deployed using Docker containers, which give us
increased confidence that our development, staging, and production environments are consistent.
BLOC API microservices architecture consists of a collection of autonomous services: Authentication,
Wallet and Exchange. Each service module is self-contained and implements a single business
capability. Microservices are a popular architectural style for building applications that are resilient,
highly scalable, independently deployable, and able to evolve quickly.
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The services are deployed independently. A team can update an existing service without rebuilding
and redeploying the entire application.
The Services are responsible for persisting their own data or external state. This differs from the
traditional model, where a separate data layer handles data persistence.
The Services communicate with each other by using well-defined APIs. Internal implementation details
of each service are hidden from other services.
BLOC API Languages and Tools
The API and Frontend are both built using JavaScript. We use next-generation JavaScript through Babel
to take advantage of improved language features such as async/await and modules. All tests are built
using Jest. The frontend integrates with the API using Apollo's GraphQL Client. The application data is
stored within a PostgreSQL database, also hosted by Azure.
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6. BLOC Platform – Token Offering
Offering Token: MDAB
Total Issuance: 1,000,000,000
Underlying Technology: Binance Chain
Distribution Ratio
Airdrop to
community and
marketing, 20.0% Team +
Consultant, 25.0%
Validator pool,
20.0%
Private placement,
22.5%
Angel investment,
12.5%
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7. Partners
Moeda is a Brazilian peer-to-peer micro-finance tech-platform, that links investors with cooperative
businesses in Brazil. From anywhere in the world, Moeda enables secure and transparent investments
into carefully selected projects, which promote the enhancement and development of local
communities. Investors can invest using the security and transparency of blockchain and track the
project’s progress and accountability. So far, Moeda has deployed R$4.7m investments and has over
7500 direct beneficiaries.Moeda is an investor of BLOC platform and BLOC fund, the first fund will be
launched on BLOC platform. Moeda will provide technical support to BLOC platform.
Bamboo is a pioneering impact investor, a Luxembourg-based regulated Alternative Investment
Manager, created in 2007. Currently managing over $370m in a series of funds investing in over 30
emerging markets across several asset classes and in different sectors. Our staff is located across our
offices in Geneva, Luxembourg, Nairobi, Bogota and Singapore. It finds game-changing businesses
then applies a mix of geographical and sector expertise to deliver financial and social returns.Bamboo
Capital Partners is an investor of BLOC fund, the first fund will be launched on BLOC platform.
Togo is a country in West Africa bordered by Ghana to the west, Benin to the east and Burkina Faso
to the north. Population of the country is approximately 7.6 million and $4.8 billion 5GDP. Togo is an
investor of BLOC fund, the first fund will be launched on BLOC platform.
5
Source: http://www.worldometers.info/world-population/togo-population/
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Shuttle Fund is a collaborative group of global digital asset experts. The fund leverages the group’s
combined experience in hedge funds, venture capital, investment management, computer science,
and international entrepreneurship to create an investment strategy that embraces cryptocurrency
investment opportunities.
The fund’s objective is to generate alpha via partially activist investment in cryptocurrencies, whilst
also leveraging the asset classes’ unique ability to operate as a natural hedge against systemic events.
The long-term investment focus aims to exploit investment opportunities across the cryptocurrency
universe.Shuttle Fund is an investor of the BLOC platform.
KoinEra works with the leading companies engaged in technology and digital assets. From their on the
ground presence in New York, London and Shanghai and a digital first mindset, the Company offer
fundraising, technological guidance and strategic advisory to build products that leverage distributed
ledger technology.Under the KoinEra brand, the Company operates KoinVentures and KoinLab that
both invests and leverages our deep sector knowledge to ensure we, and our partners are aligned.
KoinEra is an investor of the BLOC platform.
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8. Roadmap
• Start Jan. 2019
• Launch of BLOC Fund April. 2019
• Soft launch Q1. 2020
• Launch Validator Nodes Q3. 2020:
We will work together with Binance Chain and release this feature on time
• New funds types (i.e. loan etc) Q4. 2020
• Global expansion 2020
• FX Platform 2021
Q4.
Q1. 2020
Jan. 2020 New 2021
2019 Soft Funds FX
Start Launch Types Platform
April. 2019 Q3. 2020 2021
Launch of Launch Global
BLOC Fund Validator Expansion
Nodes
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9. First fund launching on BLOC Platform
The first fund to be launched on BLOC platform will be the Global Tech Impact Investment Fund - a
fund in partnership between Bamboo Capital Partners and Moeda.
9.1 Fund Objectives
Blended Assets:
BLOC allows traditional investors and crypto-asset owners to invest in frontier impact strategies
through a regulated investment vehicle.
Leverage Blockchain:
The fund invests directly in companies leveraging the most innovative and advanced technologies, and
in particular Blockchain, to create new business models leapfrogging emerging markets and poverty.
BLOC will capture and leverage the potential of the new technology early on.
Local Partnerships:
BLOC catalyses and invests in local impact funds which in turn invest in local entrepreneurs, providing
them capital, tech transfer and ongoing support. It will therefore work in close partnership with local
investment teams and investors, anchoring its local footprint.
Full Traceability:
The fund will do all of the above, while providing investors with a rigorous transparency and
traceability of their investments all the way down to the local beneficiaries. Moeda’s technology
platform will indeed enable BLOC to trace the money of each of its investors. Eventually, it will offer
its investors the possibility to direct their investments to specify investment opportunities.
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9.2 BLOC Fund Overview
Fund name: Global Tech Impact Investment Fund (BLOC Fund)
Fund description:
BLOC Fund is the first investment fund on the BLOC platform- a global impact fund investment
platform jointly established by well-known blockchain technology company Moeda and the world's
largest impact investment company Bamboo Capital Partners. The BLOC platform will connect global
impact funds, using most advanced blockchain technology to invest in and incubate socially influential
projects to help solve global poverty, hunger and inequality.
Investment Focus:
BLOC invests in local impact funds and high-impact tech ventures in Seed and Series A financing rounds
that work towards Financial Inclusion, Access to Healthcare, Access to Clean Energy, Access to Energy.
Investment Manager:
Bamboo Capital Partners (formerly known as Bamboo Finance)
7 rue Robert Stumper
L-2557 Luxembourg
Investment Advisor:
Dybaw Advisory
73C, Avenue d’Aïre
1203 Geneva
Switzerland
Custodian bank:
Banque de Patrimoines Privés
30 Boulevard Royal
L-2449 Luxembourg
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Legal Advisor:
Arendt & Medernach S.A.
41A, Avenue J.F. Kennedy
L-2082 Luxembourg
Grand Duchy of Luxembourg
Fund size: €100 million in first phase, with €10 million of first loss capital commitments from the
Government of Togo and Moeda Bamboo Capital Partners.
Fund structure: Luxembourg-regulated fund structure
Investment assets: Fiat currency & cryptocurrencies
Investment direction: Local impact funds and high-impact tech ventures in Seed and Series A
financing rounds that work towards the following four directions: financial inclusion, access to
clean energy/healthcare/education. The investment scope includes Asia, Europe, Middle East,
Africa and Latin America.
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10. Legal Information
This whitepaper does not constitute a prospectus or offering document and does not and is not
intended to constitute an offer to sell, nor the solicitation of any offer to buy, an investment, a security
or a commodity, or an option on or any other right to acquire any such investment, security or
commodity. This whitepaper has not been reviewed by, passed on or submitted to any federal or state
agency or self-regulatory organization.
This white paper contains forward-looking statements that are based on the beliefs of BLOC, as well
as certain assumptions made by and information available to BLOC. The project as envisaged in the
white paper is under development and is being constantly updated, including but not limited to key
governance and technical features. Accordingly, if and when the project is completed, it may differ
significantly from the project set out in this whitepaper. No representation or warranty is given as to
the achievement or reasonableness of any plans, future projections or prospects and nothing in this
white paper is or should be relied upon as a promise or representation as to the future.
BLOC will be made available to contributors solely in order to provide or receive services on the BLOC
platform and to support the development, testing, deployment and operation of the BLOC platform.
BLOC intends to operate in full compliance with applicable laws and regulations and obtain the
necessary licences and approvals as may be required in its opinion in key markets. This means that
the development and roll-out of all the features of the BLOC platform as described in this white paper
are not guaranteed. Regulatory licences or approvals may be required in a number of relevant
jurisdictions in which relevant activities may take place. It is not possible to guarantee, and no person
makes any assurances, that any such licences or approvals will be obtained within a particular
timeframe or at all. This means that BLOC and other features of the BLOC platform may not be
available in certain markets, or at all. This could require the restructuring of the BLOC platform or
result its unavailability in all or certain respects.
BLOC reserves the right to revise this white paper from time to time in its sole discretion. Any revisions
to this white paper will be made available on BLOC’s website.
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