Arowana Token

Copyright © 2020~2021 AROWANA TECH PTE. LTD.

Reliable-Digital Asset Platform

for Gold Market Innovation

Confidential Document

This document contains confidential information that has not yet been published.

Copying and/or distributing this document without the permission of the author can lead to civil and

criminal measures.

Arowana TokenWhite Paper

Version 0.96


Index

01. Summary

02. Project Introduction

2.1. Our Mission

2.2. Key Points

03. R-DAP (Reliable-Digital Asset Platform)

3.1. What is R-DAP?

3.2. Digital Asset Ecosystem

04. Project Service Model

4.1. Digital Gold Voucher

4.2. Digital Gold Pawnshop

4.3. Digital Code

4.4. Hancom Pay

4.5. Shopping Mall

4.6. Gold Auction

05. ARW Token

5.1. ARW Token Use Case

5.2. ARW Token Distribution

06. Business Partners

6.1. ARW Hancom Partners

6.2. ARW Hancom Partnership Vision

07. Team Introduction

08. Project Roadmap

09. Closing

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Table[Table 1] ARW Token Distribution

[Table 2] ARW Token Usage

Figure[Figure 1] Gold Life Cycle

[Figure 2] Hancom Arowana Gold Ecosystem

[Figure 3] R-DAP Characteristics

[Figure 4] R-DAP Diagram

[Figure 5] Digital Asset Ecosystem

[Figure 6] DAML Architecture

[Figure 7] R-DAP Interoperability Schematic Diagram

[Figure 8] Digital Gold Voucher Trading

[Figure 9] Digital Pawnshop

[Figure 10] Digital Code Overview

[Figure 11] Digital Code Technology Applications

[Figure 12] Hancom Pay Service Overview

[Figure 13] Hancom Pay Architecture

[Figure 14] Multi-complex Shopping Mall

[Figure 15] Gold Auction

[Figure 16] ARW Token Business Model

[Figure 17] Hancom Arowana Platform Ecosystem

[Figure 18] Hancom Arowana Platform Ecosystem Vision

3


Gold has carried a meaningful significance as the most important asset with real value throughout history

to this day.

Despite the enormous intrinsic value of gold, the actual distribution market is marred with various

problems such as the lack of trust in the quality of the mining process, the processing, the selling of gold,

the lack of transparency in the transaction process, the number of untraceable transactions and the

double taxation. Additionally, not everyone can easily participate in gold trading because its transport

and distribution around the world are not as freely exercised as real assets.

Due to gold’s large spread between the bid and ask prices, the gold price needs to rise usually by at

least 20% to be able to sell the gold without a loss. This is the reason gold depreciates by 1.5% due to

labor costs, VAT, fees, and losses when melting gold. The market price of gold is determined by a

complex calculation method that is influenced by the real-time international gold price and exchange

rate. Therefore, in consideration of the international market price and supply and demand situation,

companies set their own standards and use them, but it is not consistent, and in most cases, profits are

made through single-shot trading. It should be noted that there is a difference between the price of

imported gold and the price of gold purchased for the general public. The current gold distribution

process is so complex and opaque that untracked transactions are commonplace. If individuals buy gold

20% cheaper than the international market price and then sell it abroad, they can earn a profit, but this

can also lead to negative transactions and outflow of national wealth.

Our Arowana (ARW) project aims to resolve such issues by making the gold market’s distribution

process more reliable by utilizing blockchain, artificial intelligence, and cloud computing technology. The

project will also contribute by nurturing gold-related businesses and providing a platform that facilitates

the guarantee, exchange, and trading of gold.

To make gold accessible to everyone and to make gold ownership easier, the trust in and security of the

ARW brand must be built. The biggest difference from other gold token projects is that various new IT

business technologies such as Hancom’s digital code and robots are connected like a net under

blockchain, AI, cloud computing to support digital vouchers, digital pawnshops, multi-complex shopping

malls, Hancom Pay, and Gold Auction services. Through these innovative technology applications, we

provide a functional and profitable business model, and the holders of real gold and ARW token can

minimize the associated costs.

01. Summary

[Figure 1] Gold Lifecycle

4

Copyright © 2020~2021 AROWANA TECH PTE. LTD. 5

A new gold distribution ecosystem is needed to solve the problems of the existing gold distribution

ecosystem. The ARW project aims to create an Arowana Gold Jewelry ecosystem that provides reliability

and transparency by using innovative technologies such as blockchain, artificial intelligence, and digital

code.

It transparently manages the stages from raw gold to processing, distribution, and sales with blockchain

technology, and enables safe transactions after digitizing real assets based on the R-DAP (Reliable-Digital

Asset Platform).

Based on this, it provides convenient and differentiated services to users, such as real gold-based digital

gold voucher issuance and transaction service, digital asset-based mortgage loan service, and a multi-

complex shopping mall that combines metaverse and artificial intelligence technology.

In addition, the Arowana Foundation issues ARW tokens which are used by participants in the Arowana

Gold Jewelry Ecosystem and operated for the purpose of value sharing and coexistence of the project.

02. Project Introduction

2.1. Our Mission

Our goal is to provide a “transparent gold distribution ecosystem with digital financial

services by combining innovative technologies such as gold vouchers and digital codes

based on blockchain, artificial intelligence, and the cloud” through this project.

[Figure 2] Hancom Arowana Gold Ecosystem

Raw Gold Ore Processing GoldMulti-Complex

Shopping Mall

Digital

Assets

Transparency Trustworthy Digital Voucher Digital Code Valuation

Digital Finance

Digital Pawnshop

Digital Voucher

Digital Assets

Management

(Hancom Pay, ARW) 1

2

3

4

5

Auction6


Use of blockchain technology solves the problem of trust and reliability that occurs during the process of

importing, processing, and distributing gold.

Information from the point of import to the processing and distribution (e.g., when, where, and by what

process the gold jewelry was provided to consumers) is recorded on the blockchain and transparently

disclosed.

• Gold Distribution Transparency

The key aspects of the ARW Project are as follows:

The Arowana platform applies Hancom's cutting-edge technologies and provides a blockchain-based digital

financial platform for gold trading by combining artificial intelligence, blockchain, and cloud technologies.

- Arowana Gold Voucher trading platform applies blockchain technology to ensure transparent and convenient

transactions.

- Arowana gold jewelry products can be authenticated by inserting a digital code and the user's content can be

recorded.

- In the multi-complex shopping mall, XR (VR + AR) technology, the core technology of Metaverse, is applied to

make it easy and enjoyable for anyone.

- It provides a better purchasing experience, analyzes user patterns, and recommends customized products

using Hancom's artificial intelligence technology.

- All services are built on for the cloud to ensure high availability and global scalability.

• Innovative Technology Platform Integration

It provides an environment for issuing and trading digital vouchers for real gold using R-DAP (Reliable-

Digital Asset Platform).

Digital vouchers are guaranteed based on a blockchain, can be exchanged in kind, and will further

provide digital asset-based financial services such as loans and deposits.

• Digital Assets

- It provides a service for purchasing, trading, exchanging, and withdrawing a digitized voucher for real

assets.

- It provides a digital pawnshop service that allows a loan with digital assets as collateral.

- It also provides a convenient payment environment through Hancom Pay, which provides a variety of

payment methods at once.

- It provides an auction service that allows users to trade P2P after appraisal of the amount of money

they own.

• Differentiated services

2.2. Key Points


03. R-DAP (Reliable-Digital Asset Platform)

R-DAP offers efficient digital asset management, fast and secure transactions, and simple trading of

digital products.

3.1. What is R-DAP?

[Figure 3] R-DAP Characteristics

ARW Framework

The R-DAP service platform uses ARW tokens (utility tokens) to support an efficient exchange and

consumption of a diverse range of multi-media goods and services.

[Figure 4] R-DAP Diagram

Infrastructure Cloud infrastructure Digital asset platform

Key

Technology

Digital ID Digital Code

Service

User

ChannelMobile

Service App

PC WebService Web

PC WebAdmin Web

General User Corporate User Administrator

Blockchain platform


3.3. Why R-DAP?

R-DAP builds an ecosystem of valuable digital assets through six innovative services that do not exist in

the current gold market.

3.2. Digital Asset Ecosystem

partner

[Figure 5] Digital Asset Ecosystem

R-DAP provides the following main features:

• Certified cloud-based infrastructure

Resource allocation of the authorized cloud is built on elastic usability that adapts to the business’

situation.

1) Fast resilience and efficient use of resources

Built with responsive cloud-based services to support global customers in minutes.

2) Optimized for global business


R-DAP plans to support sequential issuance, exchange, and trading of assets in the digital asset

ecosystem (Figure 5) according to the different types and uses of NFT, FT, and Hybrid tokens.

1) Digital asset issuance and management

Digital assets issued on R-DAP reduces digital conversion and compliance costs by complying with

domestic and foreign financial supervisory agency regulatory and digital asset guidelines, enabling smart

contract-based transactions.

2) Compliance with domestic & international digital asset

guidelines

In partnership with an ISMS-certified, trusted wallet company, R-DAP provides multi-signature support for

the secure protection of digital assets.

3) Digital asset protection

• Blockchain-based digital asset management

R-DAP designs optimized digital assets based on DAML (Digital Asset Modeling Language) and provides

contract modeling Multiple Party Agreement (MPA).

4) DAML & contract modeling

[Figure 6] DAML Architecture


R-DAP supports multi-blockchain (protocol) architecture for high scalability and interoperability.

5) R-DAP Blockchain Compatibility

Contract & TX / Confirmation layer (Pre Trade) : DLT (Financial contractability, Observability, Privacy, Enforceability)

Accounting / Ledger-DB layer (Post Trade): Blockchain (Tokenization, Verifiable finality)

interoperability

[Figure 7] R-DAP Interoperability Schematic

• AI-based platform

For customers of R-DAP's services, the chatbot provides service usage guidance, related product

questions and answers.

- In conjunction with the AI-based natural language processing engine, the chatbot services a customer

response manual, data-based FAQ learning, and a text-based AI chatbot that executes interactive natural

language-based inquiry and transaction commands.

- Speech recognition (STT) and speech synthesis (TTS) functions will be deployed later to provide

specialized learning and a familiar voice interface.

1) AI-powered chatbot

XR-based jewelry virtual fitting provides buyers with an immersive service experience.

2) AI-based virtual fitting

- When selecting a product, the camera is used to process realistic images as if the product was being

worn.

- Real-time AI video synthesis function based on input video data and selected products can be used to

enhance the virtual fitting function further.

After analyzing the customer's investment propensity, we recommend investment products suitable for

user’s investment propensity. The recommendation service is provided step-by-step by securing and

learning the price fluctuations of items such as gold/precious metals.

3) AI-based asset management


4.1. Digital Gold Voucher

04. Project Service Model

Digital gold vouchers based on real gold can be provided to allow users to make transactions,

purchases, and exchanges between individuals and businesses.

A. Buy gold vouchers based on physical gold

Users can purchase and trade digital gold vouchers issued through R-DAP using cash, spot or ARW

tokens.

• When you bring real gold to Arowana Gold Exchange, gold is appraised (purity and weight

verification) and deposit is exchanged for digital gold vouchers

• Use Hancom Pay to purchase a digital gold voucher by paying in advance, a simple payment, or a

general payment

• ARW token holders can purchase gold vouchers on the voucher purchase platform

Transactions: Transactions of digital vouchers are divided into 1) individuals and individuals, 2)individuals and businesses, and 3) transactions between operators, and R-DAP supports all three typesof transactions.

Exchange: We also provide a service to exchange mileage owned by partner companies or their own

mileage for digital vouchers

Withdrawal: Digital gold vouchers can be withdrawn in real gold. Withdrawals are provided through the

Arowana Gold Jewelry Exchange.

Different taxes are levied depending on the country from which it is withdrawn.

[Figure 8] Digital Gold Voucher Transaction

B. Digital gold voucher transaction process

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4.2. Digital Gold Pawnshop

Arowana provides a service that allows you to borrow cash using a digital gold voucher or physical gold

as collateral.

Customers who need funds can borrow money using various gold products (pure gold, art gold products,

gold coins, etc.) as collateral, and can receive the collateral back after repayment of the loan.

[Figure 9] Digital Pawnshop

Digital financial platform

precious metalmortgage loan

products

Loan Company

loan managemen

t

Digital Gold Voucher Delivery

Loan execution

digital assetsmortgage loan

products

User

Jewelry Appraisal

・Loan application: Apply for a cash loan with real gold and digital gold vouchers as collateral

・Loan repayment: Collateral is returned after repayment of the loaned product

・Loan liquidation: If the loan is not repaid, the collateral is liquidated.

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4.3. Digital Code

By applying digital codes to various objects and sounds, it provides authenticity authentication and

various digital contents.

A. Issuing, warranting, and printing a trusted warranty card

B. Guaranteed Gold, Diamond Value and Quality

C. Guarantee of authenticity and provide appraisal

D. Life content provision

[Figure 10] Digital Code Overview

Coding technologies such as dot and color pattern, latent image, and digital pattern are applied to the

image.

[Figure 11] Digital code application technology

13


4.4. Hancom PayHancom Pay provides an all-in-one integrated payment service that enables payment in various

payment environments at once.

・General payment: Card payment, real-time account transfer, virtual account transfer

・Simple payment: Provides simple payment through card and account registration

・Hancom Cash: Prepaid payment through charging

[Figure 13] Hancom Pay Architecture

[Figure 12] Hancom Pay Service Overview

Hancom

Pay

App

User

Service Payment

General/Simple Payment

Credit Card Virtual AccountBank Transfer

Hancom Pay Management

Hancom Cash (Prepaid)

Token PaymentPrepaid Payment

P

Account RegistrationCard Registration

Operation SettlementBack Office

14


4.5. Shopping Mall

Arowana Multi-complex Shopping Mall is a new type of social communication platform using new IT

technologies such as artificial intelligence. There are also plans to expand by applying AR, VR, and XR

technologies, which are the core technologies of Metaverse.

[Figure 14] Multi-Complex Shopping Mall

Metaverse

Multi-Complex

Shopping Mall

15


4.6. Gold Auction

Gold Auction provides services after appraising the gold and diamonds owned by users and trading

them in the form of an auction.

A. Gold and diamonds appraisal/auction

• If you request an appraisal of gold and diamonds, a blockchain-based digital appraisal will be issued

after appraisal by a professional appraiser.

• If the auction is registered based on the assessed amount, the sale is made to the final successful

bidder, and the amount is settled with Hancom Pay.

B. Special exhibition

• Limited edition products will be produced in collaboration with celebrities and famous authors.

• Limited edition products will have a secure digital code applied to them to provide authenticity

authentication and customized contents.

• There are plans to expand gradually to support the production of NFT limited edition products

through collaboration with artists.

16

[Figure 15] Gold Auction

Seller

Buyer

Selling Gold

and Diamonds

Receive Money

Buying Gold

and Diamonds

Pay Money

Gold Auction Platform

P2P Gold Exchange

P2P Diamond Exchange

Special Promotion

(Limited Goods etc.)

Hancom Gold Exchange

Gold and

Diamond

Appraisal


05. ARW Token

5.1. ARW Token Use Case

・Membership: For membership registration when using ARW tokens in multi-complex shopping malls

・Purchase and sell digital gold vouchers: Buy and sell digital vouchers with ARW tokens

・Digital pawnshop: Loan gold and digital vouchers as collateral from digital pawnshops

・Shopping mall purchase and reward: Purchase of precious metals and digital gold vouchers at the

shopping mall

・Shopping mall fee: Fee for using the platform of the shopping mall

[Figure 16] ARW Token Revenue Model


5.2. ARW Token Distribution

Token Name Arowana Token (ARW)

Network ERC-20

Total Issuance 500,000,000 ARW

Issuance Price 1 ARW=US$0.04

[Table 1] ARW Token Distribution

Private Investor 10%

Marketing 20%

R&D 10%

Foundation 30%

Partner 30%

[Table 2] ARW Token Usage


06. Business Partners

6.1. ARW Hancom Relation

The Arowana Foundation formed the Arowana Hancom platform with Hancom Group to create the

Hancom Arowana platform ecosystem.

The platform operating corporation supports platform development and operation, and the participating

company supports platform-based business as a service sales corporation.

The platform operating corporation distributes Arowana tokens under the authority of the Arowana

Foundation, and the service sales corporation plays a role in increasing the value of Arowana tokens

through business.

Users use Arowana tokens in various ways such as purchasing goods, obtaining rewards, and paying

fees within the platform.

[Figure 17] Hancom Arowana Platform Ecosystem

※ Hancom Arowana platform ecosystem partners will be opened to companies with high future value with Hancom Group, and the initial

transaction of Arowana tokens will be distributed by related companies.

Arowana Gold Exchange Hancom With Hancom Codegate(Gold/Jewelry/Gemstone

Distribution)(Hancom Pay, Blockchain) (Digital Code)

Arowana Auction

(Gold Auction)

Blockchain AI Cloud

Hancom Arowana Platform Ecosystem

Arowana Hub

(Platform Operating Corporation)

Arowana Gold Jewelry(Metaverse Virtual

Shopping Mall)

Healthcare Robot Education AI


6.2. Arowana Hancom Relation Vision

The investment funds of partners and investors participating in the Arowana Hancom platform

ecosystem are used for technology development, operation, and gold trading ecosystem of the 6 major

services of the Arowana project.

A portion of the proceeds of Arowana tokens paid to partners and investors will be used for M&A or

equity investment to expand the Arowana project as a return method to increase investor value. Through

this, the purpose is to provide value and profit to the owners of Arowana tokens.

The Arowana Foundation uses all investment funds to increase the coin value.

In principle, the value and benefits of Arowana tokens are provided to token holders.

Hancom Arowana Platform Ecosystem Vision[Arowana Token Investment = Value Sharing and Coexistence ]

01

Token investment by related companies used for technology development/operation of gold trading ecosystem

02

A significant portion of the profits from the business is returned to investors

03

Expansion of the Arowana projectby increasing token asset value through M&A or equity investment

[Figure 18] Hancom Arowana Platform Ecosystem Vision


07. Team Introduction

CTO Sangyup Song Ph.D.

CEO of Hancom Singapore

Hancom With CTO

Blockchain Head

CSO Kyeongtaek Joo

Hancom

Head of Management Support

CEO Jongkap Jeong

Arowana Tech CEO

Hancom With Research Head

Arowana Platform Head

AI Head Joon Seo

AI Research Institute

Hancom Intelligence

21

CLOUD Head Wonsuk Jung

Hancom CTO

Cloud Head

Legal Consultant Sunghu Kim

Hancom

Legal Team Lead


08. Project Roadmap

2021

Digital gold voucher release

Hancom Pay launch

Digital trading function

Multi-complex shopping mall

launch

ARW Token Issuance

2022

Digital code release

Digital gold voucher

purchase function

AI-based Platform Integrations

Virtual asset withdrawal

function

Gold auction launch

Digital pawnshop launch

Integration with global digital

gold trading platforms


The ARW team wrote this white paper for reference purposes only to provide specific information about

the services and teams that the ARW team is planning to those who have a lot of interest and affection

for the ARW token. This white paper is not intended to encourage you to invest in the ARW team or

platform and has nothing to do with it.

In addition, the ARW team has prepared and provided this white paper to you ‘as-is’ and does not

guarantee that any content in the white paper, including the conclusions, will still be accurate in the

future.

The ARW team does not represent or guarantee the accuracy of any matter related to this white paper

and does not assume any legal responsibility for it.

For example, the ARW team does not guarantee:

I. this White Paper is based on legitimate rights and does not infringe on the rights of third parties.

II. this White Paper is commercially valuable or useful

III. this White Paper is suitable for the achievement of the specific purpose you have

IV. this White Paper content is error-free, etc.

Furthermore, the scope of the disclaimer is not limited to the preceding examples. This includes, but is

not limited to, cases where you use, refer to, or base your own decision-making on this white paper, and

other actions.

The resulting consequences, whether profit or loss, are entirely at your discretion. In other words,

please note that the ARW team will not be liable for any damages, losses, debts, or other damages

caused to you by using this White Paper.

09. Closing

* Paper History

0.95 / ARW Continuous improvement of the project business infrastructure

0.96 / ARW Suggestion of service model specification and platform expansion vision for project

implementation


Confidential Document

This document contains confidential information that has not yet been published.

Copying and/or distributing this document without the permission of the author can lead to civil and

criminal measures.

Thank you

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