VIBRANIUM PROTOCOL NETWORK - icorating.com · VIBRANIUM PROTOCOL NETWORK WHITE PAPER 2) TOKEN/COIN MECHANISM The VPN coin is the only coin which is supported on the Vibranium Protocol

VIBRANIUM PROTOCOL NETWORK

WHITEPAPER

vibranium-network.com

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VIBRANIUM PROTOCOL NETWORK WHITE PAPER

Table of Contents

1) INTRODUCTION ............................................................................................................................... 2

a) Problems for Internet users ...................................................................................................... 2

b) Not decentralized ...................................................................................................................... 2

c) Our Mission and solutions…………………………………………………………………………………………………….2

Phase I – Building Vibranium Protocol Network………………….……………………….……..…………………3

Phase II – Adoption of Vibranium Protocol Network…………………………………………...………………..3

Phase III – Research and parallel upgradation of network with emerging technologies…………3

2) TOKEN/COIN MECHANISM………………………………………………………………………………………………………4

3) TOKEN DISTRIBUTION……………………………………………………………………………………………………………..5

4) THE NETWORK AND THE BUSINESS MODEL……………………………………………………………………………..6

5) FUNDS ALLOCATION…………………………………………………………………………………………………...………….7

6) ANALYSIS………………………………………………………………………………………………………………………………..8

7) NETWORK DEVELOPMENT………………………………………………………………………………………………………9

8) ROADMAP…………………………………………………………………………………………………………………………….11

9) GOVERNANCE……………………………………………………………………………………………………………………….12

Refer our tokensale policy also which is hosted on our website.

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1) INTRODUCTION Vibranium Protocol Network is decentralized and the most anonymous

network built on blockchain. The network allows users to share their excess

bandwidth and connecting to the anonymous network.

a. Problems for internet users

Today, most of us dream of private life, but there exist restrictions which

makes us to compromise and sacrifice our privacy.

The major problem with the today’s internet is denial of network neutrality.

Today the active Internet users are 4Billion and the vpn market is estimated

to be 70Billion USD by 2019 end.

Many nations are imposing censorship in many aspects there by restricting

users to access the content which they like.

Also, the Internet Service Providers track the daily activity of the users and

there by monitoring, tracking, recording, consolidating the users activity &

profile information, later which is sold to advertisers and statistical sites.

b. Not decentralized Even though there are many vpn service providers, most of them really won’t

provide anonymity. The policies, charges and log keeping been never been

what the providers mentioned in their policy statements. Because of

centralized they will overcharge you, keep your logs and sell them to

advertisers and marketers.

c. Our Mission and solutions

Our mission is to provide all the internet users to have their basic right of

privacy with the advanced Blockchain based Network.

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Phase I – Building Vibranium Protocol Network

We are building our Vibranium Protocol Network nodes using

advanced vpn and proxy protocols, CryptoNote and Ring signature

technologies.

We have tested the network thrice using nodes from users all over the

world by a sample of 100 connections with different bandwidths.

The bugs or problems we got in earlier versions are being answered in

our next release and will be made to the public once we have the basic

network ready for public testing and code verification.

Phase II – Adoption of Vibranium Protocol Network

We have made agreements with several facilities to provide us the

network scalability facilities. Once installation of servers completes, massive

scale of nodes will come online making the adoption of network possible.

Also, the users will be able to provide their bandwidth for VPN coins.

Once we have the scalable bandwidth we will adopt the network in phases

to the users.

Phase III – Research and parallel upgradation of network with emerging

technologies

Providing services is never ending process. Technologies emerge over

a period of time. So, we will research on the emerging technologies and keep

the network updated along with the technologies, so that users wont felt that

they were outdated.

Also, the imposition of restrictions and the regulations by the

governments to be addressed in our network, so no user will go off from

accessing any service or data they need.

The leftover fee after the node owners get will goes to the Foundation

established. This fee will be used for researching and support of users.

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2) TOKEN/COIN MECHANISM The VPN coin is the only coin which is supported on the Vibranium Protocol

Network.

For the purpose of fund raising, we will issue VPN token on erc20 network.

At the time of Mainnet launch of Vibranium Protocol Network we will swap

token in 1:1 for coin.

Network uses VPN coin for charging fee from users. Most of the fee collected

will be paid to the node owners and the left over will go to the VPN

Foundation.

Under a typical blockchain, miners will be rewarded for POS/POW. But in our

Vibranium Protocol Network the node owners will be given incentives in the

form of VPN coin.

Certain percentage of VPN coin will be burnt for every transaction done on

the network there by increasing the coin value by creating scarcity.

For liquidity purposes of the investors, we will list the token in major

exchanges followed after tokensale.

One can buy the coins from the web application to be introduced at a later

stage on the website or from exchanges for use of the services.

Website will provide lot of services in the future (not limited to VPN service

providing, but also tools like data sharing, data storing, security services,

etc.), making the users to satisfy all their online needs. Coins/tokens as the

case may be, can be used to subscribe/buy such service directly without

using any fiat.

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3) TOKEN DISTRIBUTION Of the total Supply 500,000,000, tokens constituting 70% i.e. 350,000,000

will be sold in various stages of tokensale. All unsold tokens will be burnt at

the end of tokensale.

Following is the distribution pattern of the tokens:

Token distribution pattern

TOTAL SUPPLY 500,000,000 VPN TOKENSALE 350,000,000 VPN FOUNDATION 75,000,000 VPN DEVELOPERS AND TEAM 25,000,000 VPN ADVISORS AND BOUNTY 25,000,000 VPN MISCALLENEOUS (LIQUIDITY) 25,000,000 VPN

Tokensale70%

Miscellaneous5%

Foundation15%

Team5%

Advisors & Bounty5%

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4) THE NETWORK AND THE BUSINESS MODEL

Of total contributions from tokensale, 40% of the contributions will be used

for installation of nodes in different parts of the world. They will act as

backup/secondary nodes and will be active only in the event when there are

no nodes available/ insufficient bandwidth/ less speed.

The Providers are those personnel’s or enterprises who have excess

bandwidth and are ready to sell them. Providers includes bandwidth resellers.

Providers will publish about the bandwidth availability to the Network by

using an application designed for the same. Application will calculate the

speed and bring it to the Providers pool. Even if no one uses, foundation will

pay a nominal fee for adding providers bandwidth to the pool (which helps in

users to have multiple options).

INDIVIDUALS PROVIDERS USERS

ENTERPRISES

PAYMENT IN

TOKENS RECEIVE TOKENS

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Once user starts using the bandwidth, a contract will be deployed between

the user and the provider. As long as the contract stands, fee will be calculated

and upon completion of the contract i.e. end of service either by

user/provider, tokens will get automatically transferred from users to

providers leaving a nominal amount to the Foundation.

Prices will be calculated on the basis of the token price in exchanges, network

bandwidth/nodes availability. Demand and supply drives the fee and the

token value. Target price for each VPN coin in Mainnet is 0.3$

5) FUNDS ALLOCATION Funds from the tokensale will be used for the development of network

and installation of nodes. Distribution of funds is basically done in the

following manner:

a. Network Structuring – 20%

b. Nodes Installation – 40%

c. Operational – 20%

d. Marketing and Sales – 10%

e. Legal and compliance – 10%

Network Structuring20%

Nodes Installation40%

Operational20%

Marketing and Sales10%

Legal and compliance10%

Funds Allocation

Network Structuring Nodes Installation Operational Marketing and Sales Legal and compliance

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6) ANALYSIS

The following table shows the major differences between the established

centralised vpn, tor and Vibranium Protocol Network(VPN).

Centralized vpn

TOR Network

VIBRANIUM PROTOCOL NETWORK

Anonymity No Yes Yes

Decentralized No Yes Yes Open source No Yes Yes

Speed High Low Very High End-to-end encryption No Yes Yes

Honeypot risk High Low Low

Incentives to network participants

No

No

Yes

Internet users and vpn users’ statistics

0

1000

2000

3000

4000

5000

6000

2016 2017 2018 2019 2020

Internet Users and vpn users (In millions)

Internet Users VPN Users

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It was estimated that the total internet users worldwide in the year 2016 as

3.4billion which was around 45% of the world population. With the

advancement of the technology, and rapid development in mobile

technologies as many as 5billion mobile users will convert to internet users

in next 3 or 4 years.

Most of the new users will come from those countries which are with strict

internet censorship. Also, it is estimated that the vpn industry will reach

100billion USD by the year 2022.

Major part of the vpn industry revenue is being shared by around 350 to 400

vpn service providers. Our network aims to acquire a major share of this

industry, there by leading the industry and pave the way for blockchain

technologies, network neutrality, less charges, open source vpn etc.

7) NETWORK DEVELOPMENT With the problems in the services of vpn and its outdated technology, Robert

Knapp founded Vibranium Protocol Network Inc with the idea of

decentralising the vpn and making the services more qualitative and realistic,

cutting the current prices more than half by rewarding the node owners.

Thanks to blockchain technology, which makes us open source, decentralised

and proudly PEOPLE’s NETWORK. We are in advanced stage of product

development and soon after the tokensale we will go for public testing.

Also, the technology will become obsolete at some point of time. So,

researching and development of the Network is never ending process. We

assure you that the Foundation will always look for advancement of the

Network, making the users updated, upgraded with respect to the emerging

technologies.

We will also a Foundation fight for Network Neutrality and makes all the

steps for the purpose.

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The following are the phases which illustrates the development till today:

December2016

• Vibranium Protocol Network Inc established

January2017

• Network architecture - Phase I basic network completed

March2017

• Entered into agreement for establishing & maintaining nodes by external agencies

April2017

• Private fund raising for establishment of nodes

June2017

• Employed blockchain specialists for designing of advanced protocols in the network

August2017

• Network architecture - Phase II completed

October2017

• Testnet with limited nodes - Version1, failed to deploy nodes into the network

December2017

• Testnest with limited nodes - Version2, errors in deploying contract and fee pattern and some major bugs found

January2018

• Testnet with nodes all over world - Most of the errors in previous versions addressed, minor bugs found

February2018

• Redesigned testnet, improvements in architecture and protocol versions

March2018

• Preparation for Mainnet and Crowdsale

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Whitepaper release

8) ROADMAP

We also planned to bring many services under one roof like data storage

facilities, data transfer, data encryption, security services, enterprises

solutions, etc. After the mainnet launch we will extend our roadmap to

include these services also.

9) GOVERNANCE Very high professional individuals in the industry will be formed into the

committee for the running of the Foundation. They advise on the matters of

the usage of funds, tariffs, etc. Once network runs on full capacity, the

management of the company goes to hands of the Trustees.

Whitepaper release

Website Launch

Preparation for tokensale

Q1

Q2

Token sale

Listing on Exchanges

Testnet Launch

Q3

Q4

Mainnet Launch

Expanding the network

Expanding userbase

Awareness of Net Neutrality

Mass Media Advertising

Data Management Services

Documents

VIBRANIUM PROTOCOL NETWORK - icorating.com · VIBRANIUM PROTOCOL NETWORK WHITE PAPER 2) TOKEN/COIN MECHANISM The VPN coin is the only coin which is supported on the Vibranium Protocol