Beenews:Value Discovery Platform for Blockchain andDigital Currencies

White Paper

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Contents

1. Project Background and Industrial Weakness-------------------------------------------------- 31.1 Project background---------------------------------------------------------------------------------- 31.2 Industrial weakness----------------------------------------------------------------------------------4

2. Beenews: Value Discovery Platform for Blockchain and Digital Currencies-------------52.1 Vision and mission----------------------------------------------------------------------------------- 52.2 Design concept--------------------------------------------------------------------------------------- 5

3. Product Framework-----------------------------------------------------------------------------------53.1 Description of Beenews products------------------------------------------------------------------53.2 Beenews product structure--------------------------------------------------------------------------63.2.1 Beenews information flow--------------------------------------------------------------------73.2.2 Beenews knowledge graph------------------------------------------------------------------- 73.2.3 Beenews community-------------------------------------------------------------------------103.2.4 App distribution platform of digital assets----------------------------------------------- 103.2.5 Beenews original content production platform------------------------------------------ 103.2.6 Beenews advertising platform-------------------------------------------------------------- 10

3.3 The kernel of Beenews product------------------------------------------------------------------- 114. Technology Implementation----------------------------------------------------------------------- 134.1 Beenews’ technology architecture----------------------------------------------------------------134.1.1 Application layer----------------------------------------------------------------------------- 134.1.2 Service layer---------------------------------------------------------------------------------- 144.1.3 Kernel layer----------------------------------------------------------------------------------- 14

4.2 Meta-graph Chain----------------------------------------------------------------------------------155. The Ecological Model Of Beenews--------------------------------------------------------------- 165.1 the ecological system of Beenews---------------------------------------------------------------- 165.2 the Token mechanism of Beenews----------------------------------------------------------------175.2.1 BKBT's incentive pool-----------------------------------------------------------------------175.2.2 Data contributor------------------------------------------------------------------------------ 175.2.3 Content buyer--------------------------------------------------------------------------------- 195.2.4 Advertiser--------------------------------------------------------------------------------------19

6. Commercial Prospects------------------------------------------------------------------------------ 196.1 Advertising revenue-------------------------------------------------------------------------------- 196.2 Sharing of content revenue------------------------------------------------------------------------196.3 Distribution of application revenue--------------------------------------------------------------20

7. Release Plan------------------------------------------------------------------------------------------- 207.1 Totals and distribution plan-----------------------------------------------------------------------207.2 Pre-sale target-------------------------------------------------------------------------------------- 207.3 Locked positions of team-------------------------------------------------------------------------- 207.4 Use of funds----------------------------------------------------------------------------------------- 21

8. Development Plan------------------------------------------------------------------------------------229. Funds and Investors--------------------------------------------------------------------------------- 229.1 Foundation------------------------------------------------------------------------------------------ 229.2 Early investors-------------------------------------------------------------------------------------- 24

10. Risk Statement-------------------------------------------------------------------------------------2510.1 Disclaimer------------------------------------------------------------------------------------------- 2510.2 Risk notice------------------------------------------------------------------------------------------- 26

11. Contact us-------------------------------------------------------------------------------------------27

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Abstract

Beenews is the value discovery platform for blockchain and digital currencies basedon Meta-graph Chain (BKBT-Token), for providing the users with the smart feeds,knowledge graph, CV-Rank index (coin volatility rank), and growth track index of thedigital currency, assisting the users in seeking for value investment and avoiding theinvestment blind points, and popularizing the block chain knowledge to drive thehealthy development of the block chain ecosystem.

It recommends the smart feeds to the users according to their interest and habit, andvia the deep machine learning; it can update the digital currency information searchedfor in the whole network; via data cleaning and structuralization, it forms theknowledge graph of digital currency, constructs the CV-Rank index, and quickly andaccurately reflects the short-term price fluctuation of digital currency; the block chaintechnology is applied to mine ， compute, and reconstruct the complete internetinformation, real-time market information and other data on hundreds of dimensionsof the digital currency at each of the time points, to form the Beenews digital currencygrowth track index, so as to facilitate the users to estimate the long-term value of thedigital currency; the independently developed Meta-graph chain is the public chainfor tracing the source of data based on block chain technology, which could be used tobuild the follow-up and evaluation system for global digital assets.

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1. Project Background and Industrial Weakness

1.1 Project background

Klaus Schwab, founder of World Economic Forum, believes that after the invention ofthe steam engine, computer and discovery of electricity, we are now in the fourthindustrial revolution—the digital revolution, in which the core achievement isblockchain. Its decentralization, irreversibility and value upper chain have resulted ina great reform in the production relationship, and created a brand-new world:

Oliver Bussmann, Chief Investment Officer of Swiss bank UBS AG puts thatblockchain would be the greatest disruption force in the financial field ever;

Elon Musk, founder of Tesla and SpaceX, believes that the blockchain will play a keyrole in artificial intelligence development and regulation;

Founder of Facebook Zuckerberg discloses that he would explore the application ofblockchain technologies in Facebook;

In October 2016, PokitDok launched the blockchain named DokChain, which isapplied to distributed network of processing the financial and clinic data and affairs inthe medical treatment industry;

In August 2017, doc.ai Incorporated announced to launch the quantitative biologicalplatform of natural language processing (NLP) based on blockchain. It adds the timestamp to the data using blockchain, and processes plenty of medical data via theartificial intelligence, to provide the users with personalized health feedback;

In November 2017, Health Wizz claimed to launch a mobile platform, which, takingadvantage of blockchain, mobile technologies and data management technologies,helps patients organize their case materials so they have access to their own databasewhenever and wherever.

Since 2017, price of the Bitcoin has grew from the lowest USD760 to the highestbeyond USD20,000, of which the supreme growth rate is more than 26 times., whileEthereum, rises from USD10 to USD1,400, above with the highest growth rateexceeding 140 times. Besides, there are countless digital currencies with growth rateof one hundred, one thousand times and even ten thousand times like IOTA.

In just China, the number of digital currency holders increased from 100,000 at thebeginning of 2017 to 3.5 million at the end of the year.

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Yet, at the beginning of a rise of a great industry, inevitably, abundant manifestationforms accompany, such as internet bubble. Presently, blockchain has been seenincreasing application in various fields, where digital currencies have exceeded 1,400kinds globally, and new blockchain forms are formed every day.

1.2 Industrial weakness As an ordinary user, how to seek for the value depressionof blockchain projects and digital currencies, and avoid the investment blindness,there are four following pain points:

1. More than 90% of projects are forged: Since the block chain industry is now ina cruelly growing state, lack of related supervision, low cost of forging, thereforemany organizations obtain higher market value depending on false statement ofproject progress and over package of team, which leads to great investment risk.

2. The media is not objective or neutral: Central media have no effectivescreening mechanism to examine information accuracy, and all parties are interrelatedin interest, leaving the investors misled.

Growth of global digital currencies, 2017

Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec.2017

Growth of digital currency holders in China, 2017Currency holders(10,000 persons)

Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Oct. Nov. Dec.2017

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3. Lack of effective evaluation system for the projects: There isn’t a decentralizedscientific value evaluation system for objectively assessing the projects to help theusers avoid investment blind points.

4. Bias on blockchain: Limited practitioners, high entry barrier and lack of ways tounderstand blockchain for common participants cause serious bias of the public onblockchain.

2. Beenews: Value Discovery Platform for Blockchain and Digital Currencies

2.1 Vision and mission

Beenews is dedicated to becoming the largest value discovery platform for blockchainand digital currencies in the world, to helping users discover the value depression andavoid investment pitfalls, and to driving the healthy development of the blockchainecology. Moreover, Meta-graph Chain developed independently can be considers tothe public chain for data sourcing based on the blockchain technologies. It could formthe tracking evaluation system for global digital assets.

2.2 Design concept

Based on digging, computation, reconstitution and intelligent recommendation of theinformation of digital currencies on the basis of blockchain technology, Beenewsmanages to play the fullest role of the data. And with the help of AI algorithm,Beenews presents the really valuable data to its users.

Intelligent recommendation of information: Based on the Blockchain SpiderEngine and whole-network search pool of digital currency information, intelligentinformation recommendation according to users’ preference is accessible.

Digital Currency Knowledge Graph: Continuous upgrading, iteration andstructurization of data on nearly 100 dimensions of the digital currencies, also variousweights matching to form the knowledge graph for each of the digital currencies.

CV-Rank: Launch the CV-Rank originated in the Graph, to help users timely andaccurately assess the short-term fluctuation of the digital currencies.

Growth track index (GTI) of the digital currencies: On basis of the CV-Rank,long-term tracking and analysis of digital currencies, complete recording of thegrowth track of digital currencies on the blockchain for a growth track index, whichare useful in scientific and accurate evaluation of the long-term value of suchcurrencies, helping the users find the value depression, investment traps avoiding, andvalue investment realization.

3. Product Framework

3.1 Description of Beenews products

Beenews is the value discovery platform for blockchain and digital currenciesbased on Meta-graph Chain.

Unlike traditional news platforms, Beenews, backed by the blockchain andself-owned core algorithm, offers users digital currency information recommendation

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in an intelligent way, a complete Digital Currency Knowledge Graph, and aconvenient information exchange channel.

I. According to users’ personal preference data、 risk types and attention fields,intelligent recommendation of different types of digital currency information can helpthem to obtain the relevant information of digital currency more conveniently.

II. Information of knowledge graph of digital currencies and its index: The datadimension reduction, noise removal, feature extraction, model training, etc., based onmass data processing and deeply learning algorithm, eventually would form the finalresult output after the quantitative factor optimization and unification. The core is theprocessing of daily average grade-T mass data, including the blockchain data, variouskinds of trading platform data, user participation data, information of teamcreditworthiness, market assessment data, popularity of searching data, etc. Via anumber of algorithm model training in the artificial intelligence technology system, itquantifies the data of all the behaviors on the digital currency market, and producesthe complete knowledge graph of the digital currencies, and unique CV-Rank that is adirect indicator to assist the users in evaluating the short-term fluctuation of the digitalcurrencies.

The CV-Rank information, rooting in the blockchain, extends in time dimension, thusforms the GTI. CV-Rank and GTI are stored in distributed way, so this radicallyprevented data loss or change, which means even the owners of the CV-Rank and GTIcan’t change the data, either. As a result, the data completeness and reliability are fullyensured.

III. Knowledge graph based on the digital currencies provides the communityplatform to realize the interactions between KOL and ordinary users or amongordinary users, this, definitely accelerates the information flow and help users makedecisions.

IV. Participants of the platform could earn the BKBT-Token by long-term viewing,content contribution, actively joining in community and inviting friends and so on.Additionally contributors of quality content could win BKBT-Token.

V. Beenews also has information about accurate target-users business, and servesexternal developers and advertisers.

3.2 Beenews product structure

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3.2.1 Beenews information flow

Beenews information flow is the core content entrance of the Beenews products.Based on the Scrapy Engine, it grabs and searches for the digital currency information,trading information and social contents of the whole network, thus recommends theinformation in an intelligent way with the help of recommendation engine.

The users could have the interactions like clicking the “like”, forwarding,commenting, rewarding or “no more recommendation”.

Beenews information flow is mainly featured with: focused on blockchain and digitalcurrency fields, intelligent recommendation, users viewing, and social behaviorscombined with Token incentive.

3.2.2 Beenews knowledge graph

So far, Beenews has established a complete knowledge graph containing over 1,400digital currencies, which includes following three categories:

I. Information dimension: Including but not limited to releasing team information,founder information, financing size, popularity of searching, media judgment,third-party information judgment, etc.;

II. Trading dimension: Connected with API of various major exchanges, to obtainthe information about trading volume, change trend, price, etc.

III. Social dimension: Beenews platform encourages the KOL and ordinary users toshare their opinions, including “optimistic”, “waiting and seeing”, “rewarding”,“forwarding and recommending” and other social behaviors on different dimensions.

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Data on various dimensions continues to update and iterate and structure, matchingdifferent weights, to establish the knowledge graph for each digital currency. Basedon the knowledge graph, it launches the CV-Rank, which is the direct indicator toassist the users in evaluating the short-term fluctuation of the digital currencies.

Rooting in CV-Rank, long-term tracking and analyzing of digital currencies, andcomplete recording of its growth track on blockchain, form GTI.

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3.2.3 Beenews community

In the view of “Digital Currency Knowledge Graph”, Beenews has developed relevantuser community, and encouraged the participant to create column, to share theiropinions or communication, where the users could mutually follow and “like” eachother and they can see their friends’ dynamics from Timeline Information Flow.Conversely, all community user behaviors could improve and enrich the knowledgegraph in return, where they also could get relevant rewards in terms of BKBT-Tokenaccording to their activity.

3.2.4 App distribution platform for digital assets

Crypto-Currency Application Distribution Platform of Beenews (CCADP) is the coremodule of Beenews, which is dedicated to creating safe, reliable and quality DAppand App download experience, and providing the Beenews users with the one-stopservices from information to downloading. It is truly a solution to the problems suchas difficulty in searching for installation package, downloading, indentifying, andusing, faced by common users now. This ensures that the users download an officialApp rather than phishing ones stealing the digital assets of users.

CCADP serves both Android and iOS platforms, and strictly reviews、evaluates andrates the qualification of developers.

3.2.5 Beenews original content production platform

The core purpose of the original content platform (OCP) is to excavate talentedcreators of blockchain content, to share high-quality blockchain apps, to output digitalcurrency value information, and to promote the whole platform to develop positively.

The OCP gives creators different levels of platform incentives, and at the same time,creators also enjoy the rewards from users. As the function improvement of platform,various realization functions, like product embedding, advertisement placement,investment portfolio demonstration for sales, and annual subscription would also besupplied by the OCP.

OCP is considered to be an important part of Beenews information flow, in which acertain rate of Token incentive pool would be reserved for long-term support for suchplatforms.

3.2.6 Beenews advertising platform

In the wake of expansion of user base and increase of flow on the Beenews platform,Beenews would provide the independent advertising platform to serve the advertisersin the blockchain ecosphere.

Beenews advertising platform provides the information flow, community, CCADP,original content and blockchain ads, etc. in various scenes and forms, to aid theadvertiser to grab target audience.

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3.3 The kernel of Beenews product

a. Blockchain Spider Engine (“BSE” for short)

b. Digital Currency Knowledge Graph (“DKG”)

c. Beenews Coin Volativity Rank (“CV-Rank”)

d. Information Recommendation Engine (“IRE”)

e. Content Creative Engine (“CCE”)

1. BSE is Beenews’ core data engine which searches the network-wide digitalcurrency information and forms a source for core data of Beenews information flow.

2. For BSE-based data accumulation, we establish the DKG accordingly.

The classification of basic dimension data of DKG is as follows:

By team member reputation information, it may be classified into categories such ashigh-quality, normal, relatively common and high-risk;

By search popularity, it may be classified into categories such as sustainable growth,decrease, stable and shock;

By community data, market sentiments are classified into categories such as buy, sell

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and wait-and-see;

By currency price, a kind of currency may be classified into categories such asmicro-value, small-value, medium-value and large-value.

N features of digital currency in the whole blockchain market are extracted andclassified by the above methods. So this market is an N-dimension market. If there areM categories for each dimension, then each digital currency is quantified as NxMmatrix, and the prices, trends, user evaluations and others in N×M combination casesare sorted to form CV-Rank. The CV-Rank will directly reflect the short-term marketfluctuation degree of the digital currency.

J =

R =

R is the score of this dimension; Q is the weight; S is a regulatory factor used to adjustdeviation according to the algorithm for a period; J is a single-dimension quantizedfeature value. The second round of weighting and computation based on N vectordimensions will result in CV-Rank.

3. Based on the existing spider data and user profile, IRE provides accurate andintelligent recommendations in the information flow, through using 6 aspects ofprocessing—semantic computation, classification, information extraction, sequencelabeling, behavioral sequence mining, and knowledge base mining.

4. CCE

CCE is an analysis product that Beenews gives to any content creator based onCV-Rank. This product offers complete market trend change, user’s hot spotsdescription, intra-station user’s behavior analysis, market information blind-spotmonitoring and other functions to serve content creators. Thus, it promotes thehigher-quality and higher-efficiency output of content creators and virtuouscirculation of content ecology.

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4. Technology Implementation

4.1 Beenews’ technology architecture

4.1.1 Application layer

About application layer, Beenews is mainly divided into DKG, Beenews applicationand CCADP.

DKG is a data set for digital currency development process and structural relationshipgenerated by spider engine and filtering algorithm, which makes users access tocomprehensive single digital currency evaluation graph, so users can rapidly getcredible digital currency evaluation and form a contrast index based on CV-Rankscore.

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Beenews is a “Headline + Snowball” in blockchain and digital currency fields, thatfocuses on Beenews contents and user interaction community.

CCADP is a digital asset application distribution platform which ensures that userscan download official Apps after passing the credibility validation, and puts an end tothe steal of users’ digital assets as a result of phishing Apps.

4.1.2 Service layer

The service layer mainly consists of API, storage service, search service, informationflow recommendation service and advertising service:

API makes platform capabilities public to the third-party partners throughprogrammatic interfaces, to improve the ecological capacity of Beenews. In the future,blockchain-related services will be provided to the third-party partners and developersthrough API, so as to lower the development threshold of blockchain DApp;

Storage service and search service mean to form higher-performance data storageservice and search service based on the decentralized storage data, e.g.: the data isstored in the Database in order to use mature database products and big data analysisframeworks to improve the data storage and search service ability;

Information flow recommendation service and advertising service are also widelyapplied to the existing internet products. On account of current mainstream datastorage and search products, the information flow recommendation service andadvertising service can be put in place quickly.

4.1.3 Kernel layer

Data aggregation engine: It includes two parts—spider engine and CCE. The spiderengine collects dimension data related to digital currency by using spider technologies,and through computes, filters, processes and structural data forming, a valuable datasource for graph data appears. However, CCE, in which content creators are exposedto complete market trend change, user’s hot spots description, intra-station user’sbehavior analysis, market information blind-spot monitoring, etc., this promotes theoutput much higher-quality and higher-efficiency, and a more positive circle ofcontent ecology.

Distributed storage: Data aggregation engine forms structural data for all dimensionsof digital currency and stores data in a decentralized manner (e.g.: Storj/IPFS), thengenerates the GTI and CV-Rank for the digital currency by using digital currencygraph algorithm.

Smart contract: Data aggregation engine and the decentralized storage addressproblems about data source and trusted storage, where such contracts record thedigital currency growth track in a traceable way of blockchain, which is credible andcan not be tampered with.

Beenews will initially deploy contracts, on basis of ETH blockchain, which areclassified into graph contract and index contract: generally, the former records graphdata and Version of a single digital currency, even in case of any change in graph dataof a single digital currency, the development track can be clearly traced by Version;as a background that there are far more than 1,400 kinds of digital currency, yet, theintroduction of the latter contract can greatly solve the lookup problem about validityof graph contract, and provide an indexing mechanism for various graph contracts

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for achieving quicker lookup and confirmation.

4.2 Meta-graph Chain

Meta-graph Chain is a public chain system which includes the smart contract systemand is implemented in the second phase of Beenews.

Consensus algorithm: Meta-graph Chain uses an efficient DPOS consensus algorithm.It’s been fully verified in Bitshares and Steem systems. EOS system also utilizesDPOS, as a consensus algorithm, as it can effectively improve any performancesimilar to transaction processing of ETH;

Nodes: Meta-graph Chain is divided into Validator Node and Normal Node. Wherein,the former will be responsible for the validation and packaging of all transactions,while the blockchain commission is used to stimulate the Validator Node. In order toprevent the Validator Node from doing evil, the Validator Node is required to pledge acertain amount of BKBT Token to become a candidate validator in the system. Thecandidate validator shall obtain the validator qualification through the pseudo-randomalgorithm, and a group of validators shall be reselected every 60 blocks to ensure abalance between the number of validators and the number of passing blocks.

Meta-graph Chain VM: Meta-graph Chain VM will be designed to be compatible withthe most active ETH Solidity in the current community. For the convenience of DAppdevelopers, the Meta-graph Chain VM will provide a more advanced API interfaceand a high-level language SDK to reduce the DApp development threshold.

Ecology of Meta-graph Chain: Meta-graph Chain provides a more convenientinterface for the developers through using smart contract and API. Meta-graph Chainuses API to open the data evidence storage capacity, traceability, smart contract andother advanced blockchain development functions, which can be used to supportfinancial assets (digital assets, stocks, futures), exiting medical data evidence,copyright registration, supply chain finance, etc.

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5. Beenews’ Ecological Model

To effectively motivate participants and realize the ecological development ofplatform, Beenews will issue Token-BKBT. BKBT is the Token issued based on theEthereum ERC20 standard and serves as an important value medium tool in theecological chain of Beenews. On Beenews platform, all participants are effectivelyconnected together by the sharing and use of data, meanwhile, the acquisition andconsumption of Token are jointly bound, which brings a healthy and constructivedevelopment of Beenews ecological system.

Any users’ behavior in this system, such as activity, growth and creating, is rewardedwith BKBT-Token.

5.1 Beenews’ ecological system

Beenews’ ecological system includes two crucial ecological platforms (i.e. advertisingplatform and “pay for contents”) and three key roles (i.e. creator or content provider,user and advertiser).

Advertising platform: Based on the popularization of blockchain technology and thegrowth of penetration rate of digital currency, Beenews platform will attract moreadvertisers to run ads in a Token-consumed manner.

“Pay for contents”: As the platform grows in size, more creators and content providerswill enter the platform to supply exclusive and premium content products, some ofwhich will be offered in the form of paid subscription. However, no matter freecontents or the paid subscription, readers both need to spend certain Token.

These three key roles of Beenews’ ecological system are involved in the entire processfrom content creation to consumption, which is also accompanied by the productionand transfer of BKBT Token.

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5.2 Beenews’Token mechanism

As that BKBT is a Token that Beenews platform issues in order to ensure itsecosystem effectively operated, and any activity in Beenews’s system shall beconnected by BKBT, thus it is very important to design a set of fair, just andreasonable Token mechanism.

5.2.1 BKBT's incentive pool

In Beenews system, a reserved Token pool will be set up to be distributed to the usersrewarded by the platform. Everyday, the quantity of Token in the pool will graduallydecrease over time. According to such distribution algorithm model of Token, theredundant Token everyday shall be reserved for the next day.

5.2.2 Data contributor

In Beenews’ ecological system, users can obtain BKBT-Token in light of theirrespective contribution, and the obtained BKBT-Token can be used to buy services onthe Beenews platform. For the data contributed by the users, the system will allocatethe intraday BKBT-Token in accordance with three major models, namely,Encouragement of Activity (“EOA”), Encouragement of Growth (“EOG”) for DAU,

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and Encouragement of Creation (“EOC”).

1. Encouragement of Activity (“EOA”)

Beenews platform users can get BKBT-Token according to their personal activityevery day, whose personal incentives will be allocated to by the EOA algorithm basedon their contribution performance.

On account of three-dimensional indicators, Beenews will carry out quantitativeidentification for user’s activity:

M=

R is the quantized data of user behaviors, which will be used for quantitativeevaluation and judgment for user behaviors.

1. Active behaviors: The number of starts, the duration of browse, thenumber of UGC, the frequency of forwarding, the number of likes, etc.;

2. Passive behaviors: The number of received likes, the amount of receivedgratuity, the number of received complaints (negative points), etc.;

Q is the behavioral weight, and the corresponding weight ratio is established for eachaction item; S is the corresponding incentive proportion, and a different BKBT-Tokenincentive proportion is established for each concrete action item.

2. Encouragement of Growth (“EOG”) for DAU

Beenews synchronously creates a new user-driven incentive system. Through thesharing mechanism, any user can invite new users to register and thus obtain theBKBT-Token from the platform. The invitee will also receive the BKBT-Token fromthe platform through the EOG algorithm.

Amultilayer revenue system is to be built for the sharing invitees, e.g.: User A:

1. draws N Users in Level 1 through the sharing mechanism, that is, L1 =N;

2. then, N users at Level 1 draw M Users in Level 2, that is, L2 =M;

and so on...

If the user level achieved by A is k and k ≤ 20, then BKBT-Token incentivegranted to A will be A (k) which shall be calculated as per the number of newusers daily drawn in by A:

A (k) = M1* Q1

M1 =

M1 is the total number of all-level users daily drawn in by the parent node of UserA; and Q1 is the given incentive proportion.

If k > 20, that is, the number of user levels is more than 20, then A (k) incomeshall be:

A (k) = M1* Q1+ M2*Q2

M1 is the total number of users below Level 20 and Q1 is the corresponding

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incentive proportion; M2 is the total number of users above Level 20 and Q2 isthe corresponding incentive proportion.

3. Encouragement of Creation (“EOC”)

a. High-quality content creators are encouraged to continuously create contents onthe platform, and corresponding grading will be conducted based on multipledimensions like the quantity, and frequency of creation, reading quantity, the numberof likes, the frequency of forwarding and the amount of gratuity.

b. The income M for each content creator shall be settled on a daily basis:

M=

A different score estimate value R and a different weight value Q are provided foreach dimension. S is the BKBT-Token incentive proportion in relation to the productof R and Q.

5.2.3 Content buyer

Any content creator or We-Media content creator can publish free or paid contentproducts on the Beenews platform. Then, users on the platform have choices to obtainthem free or paid, both of which require the users to consume the BKBT-Token heldby them; and the corresponding service providers get the BKBT-Token accordingly.

5.2.4 Advertiser

Because of Beenews flow characteristics, any advertiser can perform various forms ofadvertising on the platform, but certain amount of BKBT Token is required.

6. Commercial Prospects

Beenews is committed to becoming the world’s largest blockchain and digitalcurrency value discovering platform which helps users seek for value depression andavoid the investment blind spots, popularizes the blockchain knowledge. Finally,these would promote the healthy development of the blockchain ecology. At the sametime, The independently development Meta-graph Chain based on blockchaintechnology is a public chain for tracing data source, which could be used to build atracking and evaluation system for global digital assets.

6.1 Advertising revenue

To make money by advertising is one of the important business models of Beenews.Beenews makes many things possible, such as an intelligent and reliable blockchainadvertising and value analysis system. All of these are to achieve maximum benefitsfor all parties.

6.2 Sharing of content revenue

As the amout of Beenews’ user increases, Beenews will invite more creators anddevelopers to enter the platform to provide better contents and services. Beenews willget a certain percentage of charges from user gratuity, user subscription, membershiprevenue, content e-commerce, decision-making data analysis and other value-addedservices, to realize its business income in the contents.

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6.3 Distribution of application revenue

In Beenews where users have channels to download DApps and Apps. And thecorresponding distribution of income generating from the third-party applicationrecommendations is also one of income sources of Beenews.

7. Release Plan

7.1 Totals and distribution plan

The total BKBT Token is in the quantity of 10 billion, and the distribution plan is asfollows:

Distribution proportion Distribution planEarly pre-sale 40%Managed fund 20%Incentive fund for ecology 30%R&D team and early contributor 10%

7.1.1 Early pre-sale

This part shall be used in technical R&D costs, hardware, broadband cost inputs,project operations and project marketing of Beenews platform, etc.

7.1.2 Managed fund

In order to promote the long-term prosperity and development of Beenews, it isnecessary to constantly attract talents to work with us. At the same time, we mustreach some important milestones in the development of Beenews with more partners.Therefore this part is designed to motivate follow-up high contribution team partnersand key business partners.

7.1.3 Incentive fund for ecology

Beenews will reserve 30% of BKBT Token as incentive fund for ecology, which isused for motivating user's activity, growth and creation.

7.1.4 R&D team and early contributor

R&D team offered full product and technical support for the birth and development ofBeenews, making a great deal of effort. Early contributors provided an indispensablepart of the construction of Beenews through supplying strong resources and funds, socertain Token was given to the R&D team and early contributors as a reasonableshare.

7.2 Pre-sale target

The pre-sale distribution accounted for 40% of the total circulation, 4 billion BKBTTokens totally.

Pre-sale target is open for specific overseas buyers (non-mainland Chinese residents)only.

7.3 Locked positions of team

The founding team held 10% BKBT that will be fully locked after the pre-sale.

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7.4 Use of funds

7.4.1 The raised funds will be used for the following purposes:

7.4.2 Instructions for the use of funds raised:

Item Proportion Description

Human cost 35%The realization of Beenews needs elite talents inInternet, blockchain, distributed networks, finance, etc. Itcan meet the relevant costs in 2 years.

Companyoperations 5% The company uses the traditional Internet management

model. It can meet the relevant costs in 2 years.

Marketing 10% It can meet the costs for brand, advertising, cross-bordercooperation, etc. in 2 years.

Commercialdevelopment 10%

Beenews needs to support the commercial developmentof various types of communities to maximize thecommercial value.

Consultation 6% With the rapid development of the blockchain, Beenewsneeds this fund for development.

Risk funds 30% It shall be used for dealing with unpredictable risks.

Laws andregulations 4%

It shall be used for inviting outstanding forensic andcompliance experts in digital currency, blockchain,financial science and technology.

Human cost35% Human cost

Risk funds30%

Risk funds

Commercial development

Commercialdevelopment

10%

Company operations

Companyoperations

5%

Marketing

Marketing10%

Marketing consultant

Marketingconsultant

6%

Laws and regulations

Laws andregulations

4%

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8. Development Plan

9. Team and Investors

9.1 Foundation

Beenews community will be managed by a foundation in Singapore. As a legal entityof Beenews community, the foundation is responsible for technology development,

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business promotion and community operations of Beenews, bearing all Beenews'legal liabilities. Additionally, Beenews found committee involves the followingsubordinates:

Decision-making committee:

The decision-making committee, which is the highest decision-making body of thefoundation, manages all subordinate executing agencies and has a power to decide onthe use, rewards, penalties and freezing of the funds. The members of thedecision-making committees are elected by the community. The decision-makingcommittee has a term of two years. Upon expiration of the term, it will be elected byBeenews community. The decision-making committee has 5 subordinate executingagencies, as shown in the figure:

Business committee

Be responsible for business promotion, business development, ecological construction,etc. of Beenews.

Technical committee

Be responsible for technology development and management, code open sourcemanagement, Github open source code maintenance, community technology updateand evaluation, etc. of Beenews.

Community committee

Be responsible for Beenews community’s operation and management, event planning,resource connection, distribution of community rewards, implementation ofcommunity punishment.

Personnel and Finance Committee

Be responsible for distribution of daily allowance for Beenews Foundation members,normal financial expenses and volunteer recruitment and so on.

Decision-makingcommittee

Business committee Technical committee Communitycommittee

Public relationscommittee

Personnel andfinance committee

Audit institution

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9.2 Early investors

Juxie

An evangelist and investor of early blockchain projects in the Bitcoinfield, a founding member of Bitsclub, an early participant of BitShares

and Ethereum, and a council member of BitShares.

BKFUND

BKFUND, a fund incubated by distributed capital that focused on digitalassets in December 2017, so far, which has invested nearly 20 projects,

including Hashgard, etc.

JRR Crypto

JRR Crypto, headquartered in Switzerland, is the world's leading pioneer

in the block chain industry and encrypted digital currency, dedicated to building a first

block-chain "distributed investment bank" in the world. JRR Crypto mainly engaged

in 7 business units: incubator and Industrial Park, business consulting, investment

bank service, industrial fund, trading platform, secondary market trading and digital

asset management. Additionally, JRR Capital, an industrial fund under JRR Crypto,

focuses on the investment and ecological construction of global high-quality block

chain projects, such as, including the world's leading block chain asset trading

platform (Binance.com). JRR John Ronald Reuel Tolkien, the creator of the Lord of

the rings and the Hobbit, has devoted his whole life to depicting a world that is neither

subject to the limitations of the physical space nor the reality. This is also the source

from which JRR Crypto brand comes. JRR Crypto insists that the future of the block

chain is brand-new and fantasy, and JRR Crypto will be committed to be a guard for

the world of block chain, to create a beautiful future world with the dreamers of block

chain.

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Waterdrip Capital

Waterdrip Capital is a professional investment fund in the area of theblockchain, which was founded by early enthusiasts and practitioners entering theindustry during 2011 to 2013. The fund is committed to perfecting the ecologicalinvestment of the block chain industrial chain, to promoting the technologyinvestment of the underlying development in the block chain, and to integrating theapplication investment of the block chain and the real business scenario.

BetterFriend Fund

BetterFriend Fund concentrates on early investment in high-techdirections, such as Mar-Tech, broad digital marketing, AI and block

chain technology. This fund not only assembles the senior promoters and leaders ofthe Mar-Tech field, but also combines the new strength of the traditional financial andfinancial technology. Besides, because of its strong connections and resources in theindustry, along with a diversified and exclusive exit channel, where lots of projectscan be well incubated and developed. At the same time, the management team isskilled in the operation of the traditional capital market, the operation process of thefund, and the risk control is careful and complete, so, here the interests of investorscan be well ensured.

10. Risk Statement

10.1 Disclaimer

This document is used to convey information for reference only, and shall notconstitute any buying and selling recommendation, solicitation or invitation of salesof shares or securities in Beenews and its relevant companies. Parts of this documentshall not be construed as provision of any act of purchase and sale, or contract orcommitment in any form.

Given the unpredictable circumstances, objectives listed in this white paper maychange. The team will do all they can to achieve all the objectives of this white paper,but all individuals or groups who buy BKBT Token shall assume risks at their own.Parts of the document may be correspondingly adjusted in the latest version of whitepaper with the project progress, and the team will make updates available to thepublic by publishing a bulletin or new white paper on the website or other means.

Beenews makes it clear that it will not assume direct or indirect losses caused byparticipants, including:

1. Relying on the document content;

2. Errors, omissions or inaccurate information in this document;

3. Any act resulted from this document.

The team will make efforts to achieve objectives mentioned in the document, however,

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considering the existence of force majeure, the team cannot completely promise toaccomplish all objectives. BKBT Token is a tool functioning effectively in Beenewsplatform, rather than an investment. It is neither a kind of ownership nor control.Control over BKBT Token does not represent ownership of Beenews or Beenewsapplications. Beenews does not delegate any individual any right to participate in,control or make any decision concerning Beenews and Beenews applications.

We cannot ensure that BKBT Token will appreciate, because its price may alsodecline in some cases.

To the maximum extent permitted by applicable law, the team is not responsible fordamage and risk arising from participation, including but not limited to direct orindirect personal damage, loss of commercial profit, loss of business information orany other economic losses.

Beenews platform clearly conveys the possible risks to participants, whoseparticipation in Beenews’ initial issue represents that they have confirmed that theyunderstand and recognize the terms and conditions in the rules, and accept potentialrisks of this platform and take the consequences on their own.

10.2 Risk prompts

There are risks in the development, maintenance and operation of Beenews, many ofwhich are beyond the control of the developer of Beenews. In addition to anythingdescribed in this white paper, participants also please fully understand and agree toaccept the following risks:

10.2.1 Market risk

BKBT Token price and the entire digital currency market closely linked to thesituation, such as the overall market downturn, or the existence of otheruncontrollable factors, it may cause BKBT Token itself has good prospects, but theprice is still in an underestimated state for a long time.

Risk associated with Ethereum Core Protocol: Beenews and BKBT Tokenapplications were initially developed based on the Ethereum protocol and thereforeany failure, unexpected feature issue, or attack on any Ethereum core protocol couldpotentially lead to the use of BKBT Token or Beenews application stop work or lackof functionality in unexpected ways until Metasearch chain development enters astable, mature phase.

10.2.2 Regulatory risk

Blockchain is still in early development, therefore, there are not relevant regulatorydocument in respect of precondition, trading requirement, information disclosurerequirement and locking requirement in the process around the globe. Besides, it isunclear how the current policy will be implemented. All of these factors may have anuncertain impact on investment in and liquidity of the project. Blockchain technologyhas become the main target of supervision in all major countries over the world. If theregulatory bodies get involved or exert influence, Beenews applications may beaffected by it. For example, laws and decrees may restrict, impede or even directlyterminate the development of Beenews applications.

10.2.3 Competing risk

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Numerous competitive projects in the blockchain industry led strong pressure onmarket competition and project operating. Whether Beenews project can breakthrough a great deal of outstanding projects or not is not only linked to all aspects ofits own team capabilities and vision planning, but also influenced by manycompetitors and even oligarch in the market, which is widely accepted. In themeantime, there is the possibility of facing vicious competition.

10.2.4 Brain drain risk

Beenews gathers a talent team with vigor and strength, including professionalsengaged in the blockchain industry for a long time and technical developers withbroad experience. In the future development, we can not rule out the possibility of thecore personnel leaving the team and conflicts within the team, which negativelyaffecting Beenews.

10.2.5 Technical risk of project

The accelerated development of cryptography or the technologic development, suchas, the development of quantum computers, has the risk of cracking, which may leadto the loss of BKBT Token. During the renewal process of project, there may be someloopholes. Once the loopholes are discovered, they will be repaired promptly, butthere is no guarantee that this will not cause any impact.

10.2.6 Risk of lacking attention to applications

Beenews applications are probably not to be used by a large number of individuals ororganizations, which means that the public is not interested enough in exploring anddeveloping these relevant distributed applications. Such a phenomenon of lack ofinterest may bring negative impact to Beenews applications.

Risk of hacker: Hackers or other organizations may attempt to interrupt Beenewsapplications in any way, including but not limited to denial of service attack, Sybilattack, malware attack or homogeneity attack.

10.2.7 Risk of uninsured losses

Unlike account of a bank or other financial institutions, there is usually no insuranceprotection for storage in Beenews account or relevant blockchain-based network. Nopublic individual organization will underwrite your losses in any case.

10.2.8 Other unforeseen risks

There are still some risks yet not mentioned or predicted by the founding team, inaddition to those mentioned in this white paper. Furthermore, other risks are alsolikely to arise suddenly or in combination of many kinds of mentioned risks.Participants should fully know the team background and overall framework of theproject and ideas before engaging in the decision-making.

11. Contact us

Official website: www.beekan.org

Email address: info@beekan.org