CONTRACTIUM NETWORK 🚀🚀 CTU TOKEN ⚡⚡⚡


Contractium is a decentralized software that runs smart contracts based on Ethereum, which run exactly as programmed without any possibility of downtime, censorship, fraud or third party inteference.

This enables businesses and commercial users to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middle man or counterparty risk.

This project will be bootstrapped via an CTU token presale in March 2018 by contributors all around the world.

ABSTRACT

1. The definition of Contract

A written or spoken agreement, especially one concerning employment, sales, or tenancy, that is intended to be enforceable by law.
Source: Oxford Dictionary, https://en.oxforddictionaries.com/definition/contract 

A contract is a voluntary arrangement between two or more parties that is enforceable by law as a binding legal agreement. Contract is a branch of the law of obligations in jurisdictions of the civil law tradition. Contract law concerns the rights and duties that arise from agreements. 

A contract arises when the parties agree that there is an agreement. Formation of a contract generally requires an offer, acceptance, consideration , and a mutual intent to be bound. Each party to a contract must have capacity to enter the agreement. Minors, intoxicated persons, and those under a mental affliction may have insufficient capacity to enter a contract. Some types of contracts may require formalities, such as a memorialization in writing.

2. The definition of Smart Contract 

A smart contract is a computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract. Smart contracts allow the performance of credible transactions without third parties. These transactions are trackable and irreversible. Smart contracts were first proposed by Nick Szabo , who coined the term, in 1994. 

Proponents of smart contracts claim that many kinds of contractual clauses may be made partially or fully self-executing, self-enforcing, or both. The aim of smart contracts is to provide security that is superior to traditional contract law and to reduce other transaction costs associated with contracting. Various cryptocurrencies have implemented types of smart contracts.

DISCLAIMER

Our official fully legal company’s entity is Contractium Pte. Ltd. (Hereafter called “The Company”), located at the address: 68 Circular Road, Singapore.

The subject of all kinds of sentences, were written down here, is represented to the whole co-founding team of The Company, hereafter called “We”.

We developed Contractium, a smart contract application, which is based on Ethereum smart contract platform, so Contractium is a part of Ethereum network, and we do copy some content from Ethereum website to explain how Contractium is developed on Ethereum platform, following links: https://ethereum.org/ and http://www.ethdocs.org.

We develop Contractium with Proof-of-Contract protocol, which is not yet related to the blockchain mechanism but Business Mechanism.

We are planning to upgrade the Contractium application to the next level of smart contract software-as-a-service, whose Proof-of-Contract protocol will be aggregated to the technical blockchain mechanism. That means, in practical, Contractium will helps

non-technical background businesses issue their own tokens directly on Contractium network, like Ethereum did.

The Contractium’s business model is mainly based on Bitcoin’s and Ethereum’s ones with some more advantage points, according to the end-users’ perception.

There are some content of this whitepaper is quoted from the other pages, which will be declared, clarified and listed here as the quoted sources, accurately, on this material. That means, if we do not list the quoted sources right below any single paragraph, that content will be copyrighted by the authors of the Company and the Company itself.

This whitepaper and any other related attached documents as hyperlinks are intended for use only by specified purpose for the Company, whose all the official information founded at our unique links: https://contractium.io/, which may contain legally privileged and/or confidential information. If you are not the intended end-users and/or recipients, please delete the original and any copy of this file and notify the author via email at: hung.nguyen@contractium.io. Please accept our apologies for any further inconvenience. Please consider before printing this material. Thank you for your cooperation!

INTRODUCTION

Ethereum would never be possible without bitcoin—both the technology and the currency—and we see ourselves not as a competing currency but as complementary within the digital ecosystem. Ether is to be treated as “crypto-fuel”, a token whose purpose is to pay for computation, and is not intended to be used as or considered a currency, asset, share or anything else.
Source: Ethereum, https://www.ethereum.org/ether

And “Contractium would never be possible without Ethereum”.
Because Contractium is developed and based on Ethereum platform.
Contractium issues the fixed supply of CTU tokens, which is used as the contract-fuel for online commercial network, a means of crypto-payment in the blockchain commercial world.

Contractium is a part of the software (S-a-a-S: Software-as-a-Service) revolutionary.
In the past decades:
We had software running on computers.
We had software running on the websites.
We had software running on mobile apps.
We had software running on the cloud (computing).
And now, we have softwares running on the blockchain network, in decentralized world. So does the Contractium application. Specifically, Contractium is a part of Dapps (Decentralized Applications), which is run on Ethereum network.

Contractium helps even non-technical background users create smart contract easily, securely and trustless to work with each other.

With 04 key functions as: 

A. Smart contract creation
B. Crypto-Payment gateway
C. Crypto-Reward system
D. Token issuing.

We want to change the world as followed:

A’. Smart-contract-feature changes the way 02 or more local users and/or 02 or more international users create commercial smart contract easily and make the deal with each other, which is proceeded to payment with:

B’. Crypto-Payment-gateway help them proceed to finish the payment procedure securely and trustless. And they can give rewards (“cash-back”) to each other with our:

C’: Crypto-Reward system, which is much more advanced than the traditional customer-loyalty-points.

Contractium will issue the CTU token, which is the key fuel of the Contractium network, which enables full development of the Contractium Foundation. In order to support the future of blockchain, smart contract, the company will proceed an ICO (Initial Coin Offering) event in June 2018.

The detail of Contractium tokens: 

Token symbol: CTU

Total supply: 3,000,000,000 CTU, as followed:

#1 Current token-supply for sales: 1,500,000,000 CTU

(un-sold tokens will be burnt)

#2 Future plan: 1,500,000,000 CTU
ICO token-price: 01 ETH = 15,000 CTU

Token allocation for current supply of sales: 

Pre-ICO & ICO 900,000,000
Contractium Team: 200,000,000
Foundation reserved: 100,000,000
Advisors & Partners: 100,000,000
Bounty & Marketing: 200,000,000

The ICO event has 4 periods as followed:
Private Sales: From 7th July, 2018 to 8th August, 2018 ( as planned)
Pre-Sales: From 8th August 2018 to 9th September 2018 (as planned)
Public Sales: From 9h September 2018 to 10th October 2018 (as planned)

BUSINESS PITCH DECK

1. Problem

The printing contract is obsolete in the Industry-Revolution 4.0 .

The printing contract is not suitable for the international contractor and contractee.

The printing contract is not convenience for global trading and cross-border business service as well as freelance service.

The printing contract is not appropriate in administration of “online” company.

TOKENIZATION

What is CTU? 

Crypto-fuel 

CTU is a must-have element, a fuel, the value of contract, for signing the commercial smart contract on Contractium network.

CTU is a form of payment as well as the contract’s value, made by contractor and contractee (customer and business) when they proceed a deal; place an order; book a service online/offline. CTU is the incentive ensuring to make the operational procedure between 02 parties, on blockchain based Contratium, trustful completed and one of the both can earn extra added-value CTU back with rewards policy of CTU network.

Token attributes

Token symbol: CTU

Total supply: 3,000,000,000 CTU, as followed:

#1. Current token-supply for sales: 1,500,000,000 CTU
(un-sold tokens will be burnt)

#2. Future plan: 1,500,000,000 CTU

ICO token-price: 01 ETH = 15,000 CTU

Token mining: Not mineable

Token amount issued: Not infinitive

Token type: Utility tokens.

Token standard: ERC-20 tokens

6.3 CTU token allocation for current sales:

Pre-ICO & ICO 900,000,000

Contractium Team: 200,000,000

Foundation reserved: 100,000,000

Advisors & Partners: 100,000,000

Bounty & Marketing: 200,000,000

6.4. Issued-in tokens by business via Contractium

Token symbol: to be decided by businesses

Token supply: to be decided by businesses

Token’s future supply: to be decided by businesses

ICO token-price: by businesses

Token mining: Not mineable.

Token amount issued: Not infinitive

THE CO-FOUNDING TEAM, ADVISORY BOARD & THE COMPANY

 The Co-founding Team & Board of Directors

1 Hung Viet Nguyen (Mr.)

{Co-founder & Chief Executive Officer} 

Hung has more than 8 years of experience in startup, entrepreneurship development.
He (co)-owned 2 companies in Vietnam and 5 startups.
He dropped out form Danang University of Technology & HTW Berlin to do startup…
Linkedin profile: https://www.linkedin.com/in/hungkaka/ 

2. Thanh Hai Tran (Mr.)
{Co-founder & Chief Technology Officer}
Thanh used to be a Tech-Geek prior a Tech-Nerd. He was Senior Director and CTO of Pypestream, former CTO of CNC Mobile labs, Umbala labs… He has 10 years of experience working remotely worldwide with many world-class tech experts…
Linkedin profile: https://www.linkedin.com/in/thanhth/ 

3. Thien Quang Nguyen (Mr.)
{Co-founder & Chief Products Officer cum Blockchain Technical Director}
Thien earned his excellent Diploma in Computer Science from the biggest Technology University in Vietnam after opening his first technology
outsourcing company at the 3rd years. He now managing blockchain-tech-team to develop Contractium’s products…
Linkedin profile: https://www.linkedin.com/in/thiennq 

4. Dennis Poh Wei Song (Mr.)
{Co-founder & (Singapore) Chief Operation Officer}
Dennis is an Experienced Director with a demonstrated history of working in the government administration industry. Skilled in Accounting, Tax, Corporate Legal, Corporate Structure Advisory and Corporate Governance…
Linkedin profile: https://www.linkedin.com/in/dennis-poh-9693652a/ 

5. Efosa Ighodaro (Mr.)
{Co-founder & (Africa) Chief Operation Officer}
Efosa created the first forex community on Facebook in 2008, has been involved in the Tech start-up scene in Dallas TX. Won the University of North Texas (Denton, USA) first hackathon event. Experienced Forex trader of 10 years…
Linkedin profile: https://www.linkedin.com/in/efosaighodaro/

6. Hieu Kim Tran (Mr.)
{Co-founder & Chief Mobile Officer}
Hieu is an experienced project manager specialising in technical operations. Recently, he was the CTO for one of the biggest platforms in Vietnam, Canavi. Now he joins Contractium to lead the developer team and provide technical support and advisory services for Contractium.
Linkedin profile: https://www.linkedin.com/in/trankimhieu

 The Board of Advisors 

1. Franck Nouyrigat (Mr.)
{Founder at Stealth / Partner at recorp.co / Startup Weekend co-founder} http://www.recorp.co/ 
Linkedin profile: https://www.linkedin.com/in/francknouyrigat/ 

2. Douglas Abrams (Mr.)
{CEO at Expara and Expara IDM Ventures} http://expara.com/ 
Linkedin profile: https://www.linkedin.com/in/douglasabrams/ 

3. The company

Name: CONTRACTIUM LTD.

Country of Incorporation: British Virgin Islands

BVI Company Number: 1980420

Date of Incorporation: 24 May 2018

Registered Office Address: Unit 8, 3/F., Qwomar Trading Complex, Blackburne Road, Port Purcell, Road Town, Tortola, British Virgin Islands VG1110.[Singapore – Correspondence Office] 

Office Address: 68 Circular Road, #02-01, Singapore 049422

[Vietnam – Representative Office]

Han Thuyen Street, Ben Nghe Ward, District 1, Ho Chi Minh City (Postal code: 700000), Vietnam.

 
 
For More Information:
Website : https://contractium.io/
Facebook : https://www.facebook.com/contractium.io/?_rdc=2&_rdr
Twitter : https://twitter.com/contractium
Telegram : https://web.telegram.org/#/im?p=@contractium
Linkedin : https://www.linkedin.com/company/contractium-io/
 


AUTHOR :
Bitcointalk username : Driean
Fropil link : https://bitcointalk.org/index.php?action=profile;u=545651
Wallet Adress : 0x0872bf5Fb779e726D5438ed144B304322117b697

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Driean Driean

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