A DECENTRALIZED CRYPTOCURRENCY-CONCENTRATED CONTENT PAYMENT COMMUNITY White paper V1.12018/5/2 1. Background and positioning of the Project 11.1.Project Background 11.2.Overview of paid content market 31.3.Market pain points 41.4.Solutions 52. Structure of the plat 62.1.Market and ination application 62.2.Blockchain-concentrated community 72.3.Decentralized community operation based on smart contract 92.4.Multi-cryptocurrency exchange engine 102.5.Multi-function wallet 102.6.Ination encryption module 112.7.Plat development plan 113. Technical principles 113.1.Revenue distribution mechanism 114. The team 125. Token distribution 165.1.KAN tokens 165.2.Distribute proportion 165.3.Revenue sources 175.4.Fees deduction 175.5.Fund utilization 186. Roadmap 197. Project risk description 207.1.Compliance and operational risk 207.2.Project market risk 207.3.Technical risk 208. Disclaimer 201. Background and positioning of the Project 1.1.Project Background In 2017, cryptocurrency market came into a blowout development, and the total market value of the industry was high and high. According to the Coinmarketcap website, by the beginning of 2018, there were more than 1,400 types of encrypted digital asset tokens, and the total market value of the tokens was over 670 billion. According to the annual news hot search data released by Google, bitcoin, ranking the dominant position in the cryptocurrency market, ranked second in the global news search in 2017. With the attention of the people and capital and the expansion of technology and exploration field, the dimensions of the cryptocurrency market are also experiencing rapid development and change. Cryptocurrency presentation - diversified ecology According to CoinMarketCap website statistics, in 2017, when the market developed fast, the number of cryptocurrency reached 1,381, with an increase of 123.8 compared with the total number of market currencies of 617 in 2016. The number of new digital currencies in the whole year was 764, accounting for about 55 of the number of cryptocurrencies in 2017. Looking back at the currency data a few years ago, there was 67 in 2013, 491 in 2014 and 551 in 2015. From the quarterly data in 2017, the number of new currencies in the first, second, third and fourth quarter was 109, 145, 184 and 326 respectively, with an increase of 17.67, 19.18, 22.27 and 30.9 respectively. The change in the market value ratio of each cryptocurrency Data source CoinMarketCapWith the emergence of multi-currency, the cryptocurrency market is also showing a diversified development trend. It turns from the initial one-pole situation of bitcoin to the multi-plate and multi-currency development momentum. According to Coinmarketcap data, the total market value 1of cryptocurrencies, excluding Bitcoin, reached 349.48 billion in 2017, with an increase of 17,374 compared with 2016. The share of the market value of bitcoin fell from 94 in July 2013 to 34 in January 2018. As of January 28, 2018, the market value ratio of BTC was 34.4, the market value ratio of ETH was 19.69, the ratio of BCH was 4.92, the ratio of XRP was 8.59, the ratio of LTC was 1.76, the ratio of NEM was 1.61, the ratio of IOTA was 1.19, and the ratio of DASH was 1.08. From the above data, the cryptocurrency market has shown a diversified development situation. The market value of cryptocurrency increases exponentially with diversification In recent years, the scale of global cryptocurrency assets represented by bitcoin has been expanding. According to CoinMarketCap website statistics, as of December 17, 2017, the total market value of global d cryptocurrency assets has reached 600 billion. CoinMarketCap website data showed that the number of cryptocurrencies reached 1,381 in 2017, with an increase of 123.8 compared with the same period in 2016. The number of new cryptocurrencies in the whole year was 764, and the market value of 2017 increased by 3,028 compared with the same period in 2017.Data source CoinMarketCapThe demand for investment deals is big, and the market is affected by News. 2Market capital of cryptocurrency in 2013-20180Billion200Billion400Billion600Billion800Billion05001000150020002013 2014 2015 2016 2017 2018 Q1Types of Crytocurrencies Market CapitalUSD381Billion572Billion18Billion7Billion6Billion9Billion1,5581,38161755149167According to Coinmarketcap data, on December 20, 2017, amount of transactions in cryptocurrency market reached the highest level in the year, about 58.59 billion, and the transaction volume accounted for 9 of the total market value of that day. In November 2017, the total number of users of the plat reached 11.9 million, and the number of new users on a single day exceeded 100,000 in this month, and the plat added 10,000 users every day in January 2017. The growing demand for investment in the field of cryptocurrency can be seen from this. As of January 28, 2018, there were 130 cryptocurrency trading plats. In the investment market of cryptocurrency, market News has a strong leading force on the market. The impact of market News is inseparable from the decline and fall of several rounds of cryptocurrency market. For example, in 2013, Mt. Gox was stolen and bankrupt. Five ministries and commissions of China issued a risk warning for Bitcoin, which hit the prevailing market confidence and it fell into bear market. During 2016-2017, tense Inter-Korean relations, Trumps successful election to the US presidency, Brexit, Japans recognition of the legal status of Bitcoin and other international events stimulated peoples interest in investing the emerging field of cryptocurrency, and opened a new round of market trend. 1.2.Overview of paid content market According to iiMedia Research report, Research Report on Chinese Paid Knowledge Market in 2017, Chinese paid knowledge users preferring financial knowledge accounted for 46.2, and paid knowledge users preferred individual consumption amount below RMB 200; on the other hand, Blockchain industry is an emerging industry and has great demand for industry knowledge. At the same time, users in this area have a strong ability to pay and drive. Data source Research Report on Chinese Paid Knowledge Market in 2017 iiMedia Research Combined with paid content and cryptocurrency payment scenario, the project team investigated the related products in the market, and analyzed from the aspects of community nature, payment mode, recharge channel and incentive mechanism, etc.. 3Portrait of Chinese paid knowledge users in 2017Domain ProportionFinancial economics 46.2Education training40.1Consumer finance34.8Health regimen32.6Ination technology 32.3Entertainment24.41.3.Market pain points Lack of high quality content aggregation plats Nowadays, there are many products for cryptocurrency segmentation, which covers a wide range of categories. But in the face of the growing demand of users, products are getting more and more difficult to meet the basic needs of users. Amongst all the cryptocurrency softwares, users often download multiple softwares to meet just one simple demand, and use different softwares 4Analysis for competitive products of global cryptocurrency-content community platPlat Concentrated-cummitnyPayment Recharge channelPositioning Features PrecipitationGlobalizationIncentive mechanismTerminalBITKAN Y Any cryptos Any cryptosSmall communitiesDiversification Y YValue incentiveAPP Webyours.org Y BCH Major cryptosContent platBBS Y YValue incentiveWebSteemit Y SP U.S. dollarContent platBBS Y YBehavior incentiveWebCurrency Y KEY Major cryptosContent platUnknown Y YBehavior incentiveUnknownBeeChat Y Bee Major cryptosInstant messagingIM N YValue incentiveAPPSNT Y SNT ETHInstant messagingIM N YValue incentiveAPPQbao Y Qbao Major cryptosInstant messagingIM N YValue incentiveAPPKnowledge planetN RMB RMBSmall communitiesMicroBlog BlogY NValue incentiveAPPTelegram N N NInstant messagingIM N Y N APPWeChat N N NInstant messagingIM N Y N APPto meet just one single fragment of their needs. In general, there is still a lack of an aggregated plat that meets the major needs of users. Imperfections of multi-cryptocurrency payment There are more than 1000 kinds of cryptocurrency on the market nowadays, and the exchange between different cryptocurrencies is still complicated, especially the exchange between non-mainstream cryptocurrencies. Firstly, users have to covert their cryptocurrencies through intermediate coins, such as the conversion of BTC, BCH and ETH. Large market fluctuations may cause asset loss. Finally, users also need to transfer the assets they exchanged back to their own wallet. The entire exchange process is long and complicated. Although there are softwares that offer multi-cryptocurrencies exchange services on the market, the exchange on such plats still needs to face the shortcomings of long time and cumbersome procedures. Lack of diversified cryptocurrency-concentrated communities With the increasing number of people interested in cryptocurrency, the demand for social communication and ination sharing in this segment is growing. Social plats are often used among crypto-lovers, such as WeChat and Telegram, which have the defect that good contents are difficult to precipitate. But for digital asset lovers, payment communities such as knowledge planet are not focused on the field of Blockchain and digital currency, and it is difficult for the communities to interact with each other. For the users, it is difficult to select the suitable community. For community organizers, there is a lack of accurate and continuous channel to expand influence among digital asset lovers. Lack of content output and realization channel In cryptocurrency community, outstanding content composers can only rely on a single plat. Query plats are far away from cryptocurrency communities, and it is difficult to wider community influence. Payments are calculated in local fiat, which lacks connection with cryptocurrencies and makes it difficult to make an international effect. 1.4.Solutions [BITKAN’s advantages] BITKAN was founded in 2013. As an App serving cryptocurrency users and integrating market, ination, mining monitoring and wallet, it provides four language versions, namely Chinese, English, Russian and Japanese. Now it has more than 5 million users from 170 countries around the world. BITKAN provides quotations and candlestick charts of more than 2,200 kinds of cryptocurrencies from more than 50 major cryptocurrency exchanges around the world. It has achieved News cooperation with more than 70 international medias. The daily news updates are over 300, and the daily reads of the News section is over 500 thousands. BITKAN provides wallet services for digital asset transfer, such as BTC, BCH, DASH, ETH, SAFE, and it has provided stable and secure wallet service for the assets of 170,000 users. 5As of February 2018, the total user volume of BITKAN plat has reached 5.44 million. The plat users are all precise users in the field of cryptocurrency, including 4.2 million website users, 870 thousands APP users and 370 thousands registered users. In the future, BITKAN will be built into a community level service complex in the era of Blockchain based on its profound user base and excellent industry resources. [Cryptocurrency-concentrated community] BITKAN will provide a cryptocurrency-concentrated community feature in the Blockchain domain. Through this feature, users can enjoy the convenience brought by the following functions. I. The establishment and operation of an accurate user community circle based on cryptocurrencies.II. Publish, share and view first hand ination in the circle III. Excellent content composers can receive any kind of cryptocurrency from the readers. [Exchange multi-cryptocurrency in one second] BITKAN wallet will support the direct exchange of more than 100 kinds of cryptocurrency assets. Users can choose to convert cryptocurrency A in the wallet directly into cryptocurrency B in time according to the instant market exchange rate when using BITKAN wallet to pay or transfer, which is available at any time. Compared with trading plat, the currency exchange of BITKAN can be completed directly in the wallet. Compared with other cryptocurrency exchange plats, the exchange process is fast, reaching second speed level. 2. Structure of the plat 2.1.Market and ination application BITKAN currently provides price monitoring, news and ination, mining monitoring, wallet and other services for cryptocurrencies. Users can store cryptocurrencies simply, conveniently and safely through the BITKAN app. At the same time, they can check the market price of 6BITKAN user statisticsRegistered users370kApp users870kWeb users4,200kCryptocurrency users100cryptocurrencies of major exchanges in real time, get timely and fresh industry ination at home and abroad, and set up price reminders by BITKAN app. And it has real-time mining monitoring, which allows you to master the running condition of the mining machine whenever and wherever possible. [Market] Market monitoring has more than 50 cryptocurrency exchanges at home and abroad, and the real-time price quotation, depth chart and candlestick of more than 1,500 transaction pairs. [Price alert] It provides personalized price warning, staircase reminding, etc., which can help users monitor the market in real time 24/7. [Comprehensive news] It provides the latest blockchain industry news, to help users focus on hot news and understand the trend of the industry. Provide real time industry news and capture micro-blog, Twitter and other social media ination of relevant masters. [Mining monitoring] Check the mining speed in real time, and customize price alert, allowing users to master the running condition of the mining machine whenever and wherever possible. 2.2.Blockchain-concentrated community The team will launch the first blockchain-concentrated community around the blockchain industry based on the BITKAN plat. The community will encourage users to produce high-quality contents, and users can get profits in the of cryptocurrencies by publishing high-quality contents. The communities created by users in the community will be presented in the of circles. The creators can set up the circle to pay for admission or join for free. By composing high-quality contents, it can attract other users to join in and their own circles. Users having joined in can read the contents of the circle or post their own content in the circle. On the other hand, users can also set a certain content for paid reading, the more people who read, the greater the income. Users can also reward the content to encourage the author to continue to c