MAS White Paper

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MAS White Paper

A crypto currency that can be used in various world martial arts and related fields!

2018 © International Karate Organization Mas Oyama Kyokushinkaikan

MAS White Paper

International Karate Organization

Mas Oyama Kyokushinkaikan

2018.1.15

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CONTENT

Content ............................................................................................................ 2

Summary ......................................................................................................... 4

Project summary ............................................................................................... 6

Motivation ...................................................................................................... 7

Application ...................................................................................................... 13

Instant secure transactions ............................................................................ 13

Currency payments applicable to any token ..................................................... 14

Trusted rate offer on chain source .................................................................. 15

There is not enough liquidity in depreciated cryptocurrency assets with price ....... 15

Futures ........................................................................................................ 15

Options ........................................................................................................ 16

Token introduction ........................................................................................... 17

Total issues .................................................................................................. 17

Non-inflation ................................................................................................ 18

Token distribution ......................................................................................... 18

Price ........................................................................................................... 19

Compliance .................................................................................................. 19

Risks ........................................................................................................... 20

Smart contracts ............................................................................................ 21

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Token crowdfunding ...................................................................................... 21

Use of funds raised through crowdfunding ....................................................... 21

Mas Oyama Coin management team members .................................................... 24

Mr. Akira Oyama ........................................................................................... 24

Ms. Kikuko Oyama ........................................................................................ 25

Mr. Akira Ichimaru ........................................................................................ 26

Mr. Naoaki Okubo ......................................................................................... 28

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SUMMARY

we are designing and building the Mas Oyama Coin to create an on-chain protocol for

the instant trading and exchange of highly liquid digital assets (for instance, various

cryptocurrency tokens) and cryptocurrency (Ethereum, Bitcoin, ZCash, etc.).

The Mas Oyama Coin is the first system to achieve the ideal operations sought of

exchanges -- namely, no need for trust authorization, distributed execution, instant

trading, and high liquidity. In addition to providing exchange functionality, the Mas

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Oyama Coin offers a range of payment APIs that can be used to easily obtain

payments in an Ethereum account from various crypto tokens. For example, a range

of business operators can utilize the Mas Oyama Coin API to accept payments in

crypto tokens from different users. They can then elect to receive their payment in

Ethereum (ETH) or their preferred token. We operate the system on Ethernet; the

Mas Oyama Coin route chart incorporates futures protocols similar to Polkadot and

Cosmos for its routing, and it supports the interchain trading of different forms of

cryptocurrency. Use of a payment service that does not require additional trust checks

enables receiving cryptocurrency payments in an Ethereum account using our

payment API, obtaining funds in the form of Bitcoin, ZCash, and other denominations.

We intend to employ derivatives for the convenience of users and decrease the risk of

fluctuation between Mas Oyama Coin (MAS) and the other cryptocurrency they select.

This format allows for users to take part in the comprehensive valuation.

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PROJECT SUMMARY

In recent years, new cryptocurrencies like Bitcoin and Ethereum have grown

increasingly large and attracted attention. The main factor for this is that users do not

have to trust a third party and can engage in trades without the need for distribution

or trust checks, letting them manage their digital assets with peace of mind. Another

interesting point is that smart contracts do not require full scripting language for

Ethernet tooling, nor trust checks, allowing for the easy issue of one’s own encrypted

tokens and digitizing them. Some of these tokens represent real-world assets (e.g.,

Digix Gold Tokens), while others represent the use value of a specific platform (Golem

Network tokens, Gnosis tokens, Augur tokens, etc.). Thus far, the most popular

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cryptocurrency has reached a capitalization of 100B USD. This capitalization has

increased twentyfold over the last twelve months and is expected to continue growing.

MOTIVATION

● Seeking to leave the Masutatsu Oyama name behind for future generations and

promote a range of activities in the fields of martial arts and Kyokushin karate, we

have decided to create the Mas Oyama Coin. Kyokushin karate is a form of full

contact karate developed by Masutatsu Oyama. It is considered the world’s

“strongest” form of karate, and its dramatic charisma has led to it being adopted by

over 40M members at over 1,200 branches worldwide. However, following the death

of Masutatsu Oyama, the organization factionalized, and it now faces issues

surrounding payments between overseas branches and processing travel expenses

for meets, as well as payments of winnings. Seeking to improve these conditions and

leave the Oyama name behind for future generations, we have created the Mas

Oyama Coin. Masutatsu Oyama was not bound to one martial art, and was on good

terms with many different martial arts organizations. This coin would be used by and

between them.

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● The constant growth of the

centralized risk blockchain market

and use of more and more different

crypto assets has led to growing

demand for exchange between

crypto tokens. For example, the daily trade value of ETH and Bitcoin has reached

several hundreds of millions of USD on the major exchanges. The total trade value of

ETH and other crypto tokens (the majority of these have been issued within the last

two years) is several millions of dollars. Cryptocurrency and crypto tokens do not

require decentralization and trust, but the majority of trades performed on

centralized exchanges face the risk of major internal fraud and attacks from external

hackers. This issue requires ongoing monitoring. There have been more than a few

reports of exchanges being attacked by hackers. These incidents of hacking have

affected users and led to losses of several hundreds of millions of dollars.

● Lack of instant trading: in spite of the fact that existing exchanges employ

decentralized techniques, there is a common problem among them. This is because

users often are required to wait between several minutes or much longer to first be

able to withdraw cash.

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● Issues in existing decentralized exchanges: currently, many teams are engaged in

building decentralized exchanges on the Ethernet. In many cases, they are building

decentralized exchanges that do not require trust, but these exchanges are vulnerable

to external control. There is also delay between when an exchange command is issued

and when the transaction is actually received. (Click here to obtain more detailed

information.) There are also other reasons why existing exchanges are unable to

obtain the expected outcome that is sought. These exchanges retain the command

sets performed by on-chain users, so when users adjust auction commands or cancel

them, the system costs to maintain this are extremely expensive. Ongoing edits to

trade commands further complicate this issue, so costs gradually increase before the

trade command is matched on the system. One exchange tried to use an intermediary

to handle execution of prices and resolve this issue offline, allowing both parties to a

trade to conduct the trade on-chain after agreeing to the price. However, this caused

one issue. Namely, the intermediary can cause the other party to believe that a given

party is the most suitable counterparty to a trade. Orders with no fees are vulnerable

to malicious Sybil attacks and denial of service attacks.

● Issues posed by complex

forms of digital assets: as

more and more Token Sale

projects launch, new

cryptocurrency continues to

grow. Investors logically

incorporate some of these

cryptocurrency tokens in their

portfolios as part of

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investment strategies. Exchange between cryptocurrency tokens is one challenge for

operators and investors. For example, paying for an existing contract with a new

cryptocurrency can be extremely difficult for both parties. Furthermore, this approach

can expose them to execution flaws and security holes. For example, the recent DAO

token Token Sale had one serious flaw. Where the amount contributed by both parties

is the same, tokens distributed to SNGLS contributors exceed those distributed to ETH

contributors. Therefore, we must simplify the flow of payment of tokens between

token holders, operators, and users on our network. We thus decided to propose the

concept of the Mas Oyama Coin. The Mas Oyama Coin exists as an on-chain exchange

and offers a range of useful applications to users. It allows for providing a range of

APIs to users and operators, and letting them instantly exchange tokens in a simple

manner that does not require trust checks. This exchange does not have transaction

command sets. Before submitting a trade, users know the exchange rate between

tokens and can obtain the corresponding volume of tokens in exchange. Users do not

have to pay any extra costs (excluding fuel costs consumed by the exchange). Mas

Oyama Coin sets a logical value based on exchange rates and enables earning profits

through the differences in value. Where one user is to only receive token B in a trade,

our user would exchange token A for token B and then send the latter. Of further

interest is the fact that Mas Oyama Coin is developing a new basic contract wallet that

allows for paying any form of future token for existing contracts (which currently only

accept payment in the form of specific, select tokens). In addition, this does not

require modifying the code of those contracts. This allows for a wide range of users to

access the system through different contracts and business operators and obtain

payments and contributions in tokens supported by Mas Oyama Coin. In designing the

Mas Oyama Coin, we have incorporated a range of new structures the application of

which we intend to support.

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● Instead of maintaining an overall trading command set, we have opted to maintain

a reserve pool. This reserve pool retains a modest amount of cryptocurrency tokens

used to maintain the liquidity of trade. The reserve pool is directly controlled via MAS

contracts, with contracts used to obtain exchange rates between token pairs based on

the reserves. The exchange rates are updated frequently by reserve administrators, so

users of MAS contracts can select the best exchange rate for their needs. When a

request to exchange token A into token B arrives, MAS contracts check whether the

correct volume of token A is inscribed, then send the corresponding volume of token B

to the specified recipient address. After deducting the corresponding fees for the

volume of token A, this is entered in the reserves for token B.

● We are developing a new core contract

wallet that is pregnant with a range of

intriguing potential and applied uses.

Specifically, our new core contract wallet

utilizes MAS contracts to send the tokens

a user has exchanged, on their behalf, to

a user address they specified. When obtaining the exchanged tokens, the recipient

address receives tokens as though sent directly from the sending address; they do not

appear as though sent through a MAS contract.

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● Our long-term plan is to use the EVM language’s futures functionality to build an

effective ZCashRelay (a relay chain) on Ethereum, among other goals. ZCashRelay,

built on Ethereum, allows us to offer interchain trading between ETH and ZEC.

Further, we have adopted a futures platform similar to Polkadot and Cosmos, allowing

for wider forms of interchain trading.

● MAS contracts are designed to offer high expansibility, as exemplified by their

highly modular nature. Specifically, we allow for the dynamic addition of new tokens

or the deletion of existing tokens from the exchange list. For this reason, we intend to

collaborate in the development of future tokens and digital assets.

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APPLICATION

INSTANT SECURE TRANSACTIONS

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The most critical point is that the Mas Oyama Coin is a single exchange. However,

unlike most exchanges, Mas Oyama Coin allows for instant trading. Further, the Mas

Oyama Coin does not retain users’ own tokens by design, so tokens are not lost or

stolen. In this sense, it is markedly different from the majority of exchanges. This is

because most of these exchanges tend to require several minutes’ wait time to

confirm trades. During this period of time, any technical faults can inconvenience

users or even lead to the loss of assets.

CURRENCY PAYMENTS APPLICABLE TO ANY TOKEN

API: by using smart contracts to execute trades, users can select the crypto token of

their choice when paying for goods and services. Contracts provide an instant

exchange service; the token is exchanged for Ethereum on behalf of the user and the

tokens are used to securely pay for the users’ desired contract. The diagram below

depicts how users can make use of any token to obtain Ethereum or take part in an

Token Sale. The entire process occurs within a single transaction. Mas Oyama Coin

does not retain user tokens at any point in the process (neither token A or B).

Token B

Oyama Coin Token Sale

User

Token A Ethereum

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TRUSTED RATE OFFER ON CHAIN SOURCE

For other smart contracts, the exchange rate for the Mas Oyama Coin can be

referenced. This allows for the network to deploy high-end financial tools like swap

contracts. The Mas Oyama Coin offer is secure and indicates the actual exchange rate

between two tokens.

THERE IS NOT ENOUGH LIQUIDITY IN DEPRECIATED

CRYPTOCURRENCY ASSETS WITH PRICE

volatility risk, and demand is unstable, so exchange rates between tokens are subject

to comparatively large swings. When there are insufficient tokens for users seeking to

save funds in the reserve pool, the issue can worsen further. At present, users of

cryptocurrency cannot engage in hedging based on future changes in demand. The

Mas Oyama Coin resolves this issue by incorporating derivatives in the form of futures

and options, allowing users more alternatives.

FUTURES

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Futures are securities where a contract is made to trade an asset at a value specified

for a given daily current. As Token Sales become more mainstream, one common

issue is of select users wanting to exchange their tokens. For example, Melon is

converted into ETH and preparations are made for an upcoming Token Sale. Users can

purchase ETH at the current market price and purchase futures contracts in order to

hedge against volatility in the value of ETH.

OPTIONS

Option contracts involve the user paying the specified amount (we refer to these as

option fees) to hedge against price fluctuations that would be to their disadvantage.

Call options are purchased at the contractually-agreed upon price with the seller using

cryptocurrency assets. Put options are the opposite of call options. Option fees are

calculated based on the implied volatility of potential cryptocurrency. In the future,

users seeking to buy and sell cryptocurrency can pay option fees to purchase call and

put options. For example, owners of a frozen token can purchase call options and

purchase strike rights for when the price increases, obtaining a premium.

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TOKEN INTRODUCTION

TOTAL ISSUES

The total volume of MAS has already been decided for the presale. It will be 500M

units in total, with MAS saved to the blockchain and denominated up to 8 decimal

places. The smallest unit is 0.000000001 MAS.

Total issue: 500,000,000MAS

Smallest unit: 0.00000001MAS

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NON-INFLATION

MAS token is a non-inflation token, and MAS smart contracts do not involve the

issuance of new tokens.

TOKEN DISTRIBUTION

The total token volume is divided into four categories. These four categories are as

follows.

40% contributed to public crowd funding.

Description: This is used to derive funds needed for developing and promoting MAS

and the Block Chain T. This distribution allows buyers to obtain a set quantity of

tokens and demonstrate the distributed nature of MAS.

30% is distributed to the user growth pool.

Description: a proof of concept will be used to promote use of MAS among users and

foster the development of the Block Chain T network.

15％ is used for general expenses by the company.

Description: part of the company is initially not covered by funds raised through

crowdfunding. These tokens are used for expenses like those seen here. For example,

MAS can be used to pay wages for team engineers and to exchange these tokens for

legal tender to pay wages.

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15% is distributed to the Masutatsu Oyama Kyokushinkai on the Block

Chain T, and to team members and other stakeholders.

Description: Used for the following: a) Payments are allocated to team members and

stakeholders who made major contributions to Block Chain T and MAS. b) It is critical

to give team members the motivation to make MAS succeed. The ongoing

contributions of key members are indispensable to future success.

PRICE

The MAS token value is computed based on a valuation of 50M USD for 40% of

volume. After crowdfunding, the value is decided by the market.

COMPLIANCE

Regulation over the field of new cryptocurrency tokens remains loose. Our goal is to

ensure compliance amid this climate; we have even proposed exploring the feasibility

of American securities law. With respect to whether to apply this, the logical

framework is based on the “Howey test” as seen in SEC v. Howey. Our understanding

and interpretation of this test is as follows.

MAS cannot pass this test. There are three key causes behind this.

1) The value of MAS is not related to the performance of the company or legal

issues.

2) MAS can be used directly; you can send MAS to other e-mail addresses by

reply.

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3) MAS is similar to applied points; it is not a derivative. For this reason, the

contents of the file are not predicated on legal grounds; if you want to take

part in the Token Sale but have concerns, we recommend contacting a legal

professional first. As the cryptocurrency sector matures, the auditing and

regulatory climate is also expected to improve. We will make every effort to

ensure compliance.

RISKS

All Token Sales have major risks. Ethereum and Block Chain T remain new

technologies, so there is the risk of failure. Investors seeking to take part in the

crowdfunding must fully appraise these risks and be aware that if the aforementioned

technologies fail, the value of the token will be lost. We discuss these risks in greater

detail in the crowdfunding terms and conditions. We will perform stringent tests and

confer MAS tokens to those who find security holes, reducing risks associated with the

Block Chain T technology. We are exploring ways of utilizing alternative public chains

in order to reduce risks associated with the Ethereum platform.

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SMART CONTRACTS

Smart contracts can be accessed on

GitHub. For security, the token is based on

ERC20 and allows for reducing disparity

with other ERC20 tokens like Ethereum,

First Blood, and BAT and obtaining further

insights from them.

TOKEN CROWDFUNDING

Crowdfunding for MAS tokens will begin on February 15, 2018 and 40% of the total

volume of tokens is expected to be sold during the crowdfunding sale. Details on

participation in crowdfunding will be published immediately on the official site. At that

time, we will e-mail Block Chain T users and publicize the sale via several media

outlets.

USE OF FUNDS RAISED THROUGH CROWDFUNDING

Funds raised through crowdfunding will be used for nine key vectors.

● Improve the product and the Block Chain T service, soliciting

VIPs for e-mail send/receive, provide customer support, and

develop relationships with collaborative partners.

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● Through infectious growth mechanisms,

secure market share and use funds for

marketing, advertising, and public relations.

● Improve security and safety, withstand threats, and use

encryption and autonomous defenses to resist advanced and

persistent threats, protecting our brand and intellectual property

and inventions.

● Contribute to the training of athletes, host meets, and

expand the dojo, promoting the culture of karate and martial

arts.

● Partner with a range of martial arts organizations and

enhance the added value of the Mas Oyama Coin,

creating a climate where more people can make use of

the coin.

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● The Mas Oyama debit card will be issued, with

integration with an online wallet used for everyday

shopping and withdrawals in the local currency. Further

developments will be made to ensure ease of use for MAS.

● Developing an augmented reality (AR) goggle kit and

software allows for wearing the goggles to experience a

simulated training session with Masutatsu Oyama.

● Solar, wind, and other alternative forms of

green energy are used to build a mining farm in

Japan. Surplus land and energy in Japan is

repurposed to contribute to the creation of new industry.

● The rights to the Masutatsu Oyama trademark and likeness are used in a correct

and proper manner to safeguard and maintain the Oyama name.

To achieve the above, we intend to expand our team and build a core and small-scale

engineering team, while also recruiting members for other departments like

marketing, business expansion, and customer service. A detailed calculation schema is

already in place. As demand and needs change, additional flexibility may be added to

the plan.

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MAS OYAMA COIN MANAGEMENT TEAM MEMBERS

MR. AKIRA OYAMA

Director of International Karate

Organization Mas Oyama

Kyokushinkaikan, and Chief

Executive Officer, Mas Oyama

Coin

As the grandson of Masutatsu

Oyama, I am impressed every day by the magnitude of my grandfather’s

accomplishments. Seeking to convey the great name of my forebear and his

accomplishment, I have taken part in creating the MAS coin.

Not only will the MAS coin change the martial arts sector and Kyokushin karate,

but we believe it will usher in major changes to the very concepts underpinning

martial arts. There are over 120 branches of Kyokushin karate worldwide, with

over 40M members, with the majority of them overseas. The complex procedures

associated with remittances to overseas branches have been a part of life at

various federations, and the larger the organization grows, the more tedious this

process becomes. We believe this new technology is poised to resolve this issue

and allow for conferring athletes rewards in the form of MAS coins for their wins

at meets after hard work each and every day to refine their skills. Further, we

plan to create a system for partnership with other martial arts organizations (K-1,

UFC, MMA, etc.) for purchasing tickets, giving athletes rewards, and allowing for

the purchase of merchandise. My largest area of focus is using MAS coins to

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rehabilitate juvenile delinquents and training youth. We want to use the MAS coin

to create a climate in which people everywhere can help train adolescents and

support the rehabilitation of juvenile delinquents.

MS. KIKUKO OYAMA

Chair, International Karate Organization

Mas Oyama Kyokushinkaikan

History

The third daughter of Masutatsu Oyama,

legendary karate master, she received

education both in Japan and overseas from a young age.

Starting in middle school, lived and studied abroad in Singapore and New York.

Actively took part in People for the Ethical Treatment of Animals (PETA), known

for radical activities, among other initiatives. Majored in criminal psychology and

herbology at Sarah Lawrence College.

After the Matsuikan school (the modern-day Kyokushinkai Matsui school) parted

ways with the Kyokushinkai dojo, founded by the late Masutatsu Oyama and

located at 3-3-9 Nishi-Ikebukuro, Toshima-ku, Tokyo, she and her mother,

Chiyako Oyama, founded the Masutatsu Oyama Memorial Museum. Seeking to

protect the culture of Kyokushin karate created by Masutatsu Oyama, the

Kyokushin karate trademark and right to likeness of Masutatsu Oyama have been

obtained, with their unauthorized use by various splintered schools and factions

prohibited.

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She is head of the M.O.C. Unity Funds (the Mas Oyama and Chiyako Unity

Funds), a joint project with the Kyokushinkai, and engages in charity and

volunteering to carry out the will of her parents, actively taking part in a range of

activities in Japan and abroad. Further, she is active as an instructor in the Yoga

Alliance and also edits global yoga publications.

Author, Masutatsu Oyama’s Sayings for a Strong Life (2010, Seiko Shobo)

MR. AKIRA ICHIMARU

Director of International Karate Organization Mas Oyama Kyokushinkaikan, and

Head of Sales, Mas Oyama Coin

As the Representative of a management consulting firm, it is my job to improve

the sales performances of a large number of clients on an everyday basis. In

particular, I place much emphasis on human resource training, and carry out one-on-

one instructions and give lectures in seminars around the country every day. I also

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incorporate psychology in my work and am actively working as a trainer to work

on nurturing human resources. I have enjoyed combat sports since my days as a

student, and Mas Oyama is someone that I truly respect from the bottom of my

heart. It is truly incredible that many outstanding people are nurtured all over the

world through karate, and that its philosophy has spread and is influencing the way of

living of many people even today. As one of the co-founders of MAS OYAMA COIN,

I hope to leave Mas Oyama’s name behind in history, and contribute to world

peace as well as the development of the martial arts industry.

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MR. NAOAKI OKUBO

Director of International Karate

Organization Mas Oyama

Kyokushinkaikan, and Chief

Administrative Officer, Mas Oyama

Coin

As a management consultant, I am involved in

the launching of a large number of companies and businesses, planning

management strategies, and supporting business managements. I am also

involved in trade with plenty of opportunities to visit other countries in Asia after

having graduated from a foreign language university with numerous friends and

business partners abroad. Whenever I am overseas, I always feel very strongly that

SMEs in Japan ought to expand their businesses abroad in a more aggressive manner.

My level of perception and values of the world have grown significantly after having

the opportunity to interact with various people and cultures from all over the world. I

sincerely think that Mas Oyama, who interacted and cultivated ties with people

from all over the world, is an amazing person. With the spread of Mas Oyama

Coin, I hope to reduce the distance between people, bring smiles to the faces of

many, and contribute in building a better society to everyone in the world even

outside the martial arts community.