AEXON White Paper

ONE
COMMUNITY
EMPOWERING THE
TOKEN COMMUNITY
CONTENTS
1. EXECUTIVE SUMMARY .................................................................................................................... - 5 -
1.1 The AEXON Pledge ....................................................................................................................... - 5 -
1.2 Summary of Project ....................................................................................................................... - 5 -
2. The AEXON Vision ............................................................................................................................... - 6 -
3. Problems and Solutions ......................................................................................................................... - 6 -
3.1 Summary of Problems and Solutions ............................................................................................. - 6 -
4. Creating Value and Proving Concepts ................................................................................................. - 11 -
4.1 Building Blocks ............................................................................................................................ - 11 -
4.2 Long Term Vision ........................................................................................................................ - 11 -
4.3 Co-Working Office Space ............................................................................................................ - 12 -
4.3.2 Potential and Value Proposition........................................................................................... - 13 -
4.4 Technology Products .................................................................................................................... - 14 -
4.4.1 ActivBM ............................................................................................................................... - 14 -
4.4.2 Potential and Value Proposition ........................................................................................... - 14 -
4.4.3 Business Directory ................................................................................................................ - 15 -
4.5 eWallet Mobile Application with Card Load Function ................................................................. - 16 -
4.6 AEXON Programme Card ........................................................................................................... - 16 -
4.7 Payment Gateway ........................................................................................................................ - 17 -
4.8 The AEXON SmartCard .............................................................................................................. - 18 -
5.1 General .............................................................................................................................................. - 20 -
5.2 The Implementation of our AXN Token ............................................................................................ - 20 -
6. Cyber Security ................................................................................................................................. - 23 -
7. Services............................................................................................................................................ - 26 -
7.1 Loyalty ......................................................................................................................................... - 26 -
7.2 AXN Points Use Cases .................................................................................................................. - 27 -
7.3 AEXON Exchange and AXN Token Secondary Market ............................................................... - 28 -
8. Utility Token Roadmap ................................................................................................................... - 31 -
9. Partnerships and Corporate Structure ................................................................................................ - 31 -
9.1 Partners............................................................................................................................................. - 31 -
9.1.1 Cryptocurrency Exchange, ePayments, eWallet, P2P Payments.................................................. - 31 -
9.1.2 Our Space ............................................................................................................................. - 32 -
9.1.3 ActivBM ............................................................................................................................... - 32 -
9.1.4 Asia Law Exchange - ALX .................................................................................................... - 32 -
9.2 AEXON Corporate Structure ...................................................................................................... - 32 -
Serving the Gig Economy and the Digital Nomad

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Copyright ©2017 Gravitas Holdings (Pte) Limited
9.3 Geo-Location Benefits .................................................................................................................. - 33 -
10. Tokenisation Plan and Roadmap ..................................................................................................... - 34 -
10.1 Token Utility ............................................................................................................................................ - 34 -

10.2 Secondary Market........................................................................................................................ - 35 -
10.3 Token Design and Build ............................................................................................................... - 35 -
10.4 Token Specifics ............................................................................................................................ - 35 -
12. Security and Legal ........................................................................................................................... - 39 -
13. Team ............................................................................................................................................... - 39 -
14. Conclusion ....................................................................................................................................... - 43 -
14.1 Project Summary ......................................................................................................................... - 43 -
14.2 Critical Success and Risk Factors ................................................................................................ - 44 -
14.3 Next steps ..................................................................................................................................... - 46 -
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IMPORTANT NOTICE AND LEGAL DISCLAIMER
PLEASE READ THIS SECTION CAREFULLY, AND IF YOU ARE IN ANY DOUBT AS TO THE ACTION
YOU SHOULD TAKE, YOU SHOULD CONSULT YOUR LEGAL, FINANCIAL, TAX OR OTHER
PROFESSIONAL ADVISOR(S).
The AXN tokens are not intended to constitute securities in any jurisdiction. This White Paper is not a prospectus or offer
document of any sort and is not intended to constitute an offer of securities or a solicitation for investment in securities in any
jurisdiction. This White Paper does not constitute nor form part of any opinion on any advice to sell, or any solicitation of any
offer by the distributor/vendor of the tokens (the “Distributor”) to purchase any tokens nor shall it or any part of it or the fact
of its presentation form the basis of, or be relied upon in connection with, any contract or investment decision. The Distributor
is an affiliate of Aexon Pte. Ltd. (“AEXON”), and will deploy all proceeds of sale of the tokens to fund the AEXON
cryptocurrency project, businesses and operations, as described in the White Paper below. Any agreement between the
Distributor and you as a purchaser, and in relation to any sale and purchase of AXN tokens is to be governed by only a separate
document setting out the terms and conditions (the “T&Cs”) of such agreement. In the event of any inconsistencies between
the said separate document and this White Paper, the former shall prevail.
You are not eligible and you are not to purchase any AXN tokens in the AEXON Initial Token Sale if you are a citizen,
resident (tax or otherwise) or green card holder of the United States of America or a citizen or resident (tax or otherwise) of
the People’s Republic of China, or if you are a citizen of a country that has banned participation in such offerings, and you
should seek your own independent legal advice in such instances. No regulatory authority has examined or approved of any
of the information set out in this White Paper. No such action has been nor will be taken under the laws, regulatory
requirements or rules of any jurisdiction. The publication, distribution or dissemination of this White Paper does not imply
that the applicable laws, regulatory requirements or rules have been complied with. There are risks and uncertainties associated
with AEXON and/or the Distributor and their respective businesses and operations, the AXN tokens, the AEXON Initial
Token Sale and the AEXON Project offerings (each as referred to in this White Paper). This White Paper, any part thereof
and any copy thereof must not be taken or transmitted to any country where distribution or dissemination of this White Paper
is prohibited or restricted. No part of this White Paper is to be reproduced, distributed or disseminated without including this
section and Legal Disclaimers at the end of this White Paper.
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1.EXECUTIVE SUMMARY
1.1 The AEXON Pledge
Our pledge to purchasers of the AEXON Utility Token (“AXN Token”), is that monies raised will go towards
a long-term business plan based on building an inclusive Community.
We will launch an AEXON Community Gateway that will include an eWallet with a suite of ePayments
services running through a gateway which allows acceptance of both cryptocurrencies and fiat currencies,
low cost remittances around the region, an entrepreneurs’ marketing platform through the community
portal at first centred around co-working spaces, but later growing to include multiple locations where
communities can congregate and the unbanked can market their cottage industries and products and services,
and a business and consumer community hub which will improve the lives of the Asian region and beyond.
The AXN Token will operate on a payments and loyalty programme

ecosystem which will start regionally but can be extended all around
the world.
1.2 Summary of Project
We are anchoring the AXN Token on brick and mortar businesses and an inclusive Community concept
which will have specific benefits for our customers and will generate significant revenues for long term
sustainability of the AEXON Project, which will in turn will drive the intrinsic value of the AXN Token
higher as time passes. These are:
● A Community Gateway landing page on an eWallet but allowing all members to be visible and to promote
themselves and their offered goods and services
● Technology Platforms to support our customers, and allow ePayments to move towards an inclusive,
cashless society
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● Third Space offerings to house our initial digitally connected customers and serve as community business
hubs
This document will be used as the backbone for the management team to raise funds to fulfil this 3-year
business implementation plan and to run the AEXON Project to generate increasing revenues and to bring
value to the AEXON Community. Each component of this overarching Project will be explained in detail
and statements on allocation of funds and subsequent returns will be provided.
2.The AEXON Vision
The AEXON Project is the vision of a Common ASEAN Standard based around the AEXON Community
Gateway and AXN Token that can streamline life’s important functions such as community, business, and
economic transactions.
With ownership of the AXN Token, payments will be simplified and will cost less. Our customers, ranging
from the digital nomad to the unbanked, will become empowered in almost all areas of their lives.
We are collaborating with and entering into some exciting partnerships

that will bring specialised expertise and generate not only strong revenues but also significant customer bases
to our community.
3.Problems and Solutions
3.1 Summary of Problems and Solutions
The broad problem that we are solving with the AXN Token is that the world we live in is largely
fragmented, non-inclusive, disparate and “analogue”.
The advent of blockchain technology allows us to get everything aligned and digital, into the One Community
vision that we are striving towards. Community members can be housed within our proposed AEXON
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Community Gateway built upon blockchain technologies for financial transactions, unique user identification
for each community member at work, play, finance and life, and enabling the advent and usage of community
rewards programmes and points.
It is clear to all that current payment services and solutions in the world are fragmented, exclusive, outdated
and costly. About 50% of the population in the region are estimated to be unbanked and shut out from credit
and capital facilities as well as the banking world. Many people in the region do not even have passports, so
how then can they get involved in the digital world that we are living in?
We solve this problem by connecting the entire community through one eWallet solution.
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Entrepreneurs face barriers to entry in markets, and would love to be able to reach out to like-minded
entrepreneurs and business partners, in an inclusive rather than exclusive community, and be able to reach
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out to a huge distribution network rather than having to fight for market share through traditional, linear
methods.
We solve this problem by connecting the entrepreneurs to a huge regionally connected (through
Telecommunications networks and customer bases) community marketplace.
When the right combination is struck between blockchain technologies, mobile technology releases, secure
payment solutions, a robust built-in cyber-security and compliance process, an inclusive community gateway
where all in the community will be able to establish their online presence and interact together (community
gateway + eWallet + crypto and fiat exchanges), then a new service can be released to the public which will
make a big impact.
The problem that most token offerings suffer from is a level of uncertainty when trying to succeed in bridging
the gap between ideation and successful delivery of value to the token purchaser. There are a host of eWallet,
eBanking, crypto-exchange and ePayment gateway solutions and ICOs in the market and about to be
launched into the market. There are also some who are trying to build communities and loyalty programmes.
The AEXON Project is different because we own the underlying business building blocks of the
Community that our platform operates upon, and we have an entire ecosystem that supports itself and is
self-reliant.
All the other solutions in the market are competing against each other and have no unique propositions - one
is as good as another to the average man on the street and this leads to more choices and more friction and
confusion to the average user. When a new offering comes into the market and spends more on market and
customer acquisition, or someone comes along and disrupts some part of the community, each of those
standalone solutions and offerings will become uncompetitive and eventually become unviable, unprofitable
options.
What distinguishes our AEXON Project is that we are incorporating two significant deals with long term
revenue-generation into our offering: the opening and operation of (1) numerous Co-Working Office
spaces in Asia, with (2) unique back-office service offerings, whose customers will use the AXN Token
to not only gain discounts to their desk space and other co-working space offerings, but also to utilise the
business systems services that we can provide as an integral part of our service suite.
3.2 Table of Community Served
Unbanked Entrepreneur Digital Nomad Investor
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Problem Ignored by Banks Needs flexible, low-cost Many Currencies, many Tokens without
working space and wallets, Need to Market proven ROI
services Services to Community
Other Problems Expensive Can’t afford heavy Limited convenience No long-term vision,
Remittances, No segregated costs and one stop solution to propects and business
Financial and “work, live, play” viability from most
Global ICOs in market
Community
Inclusion
Solutions Digital Payments Co-working space and Loyalty Programme, and Secondary Market
– P2P or business systems savings SmartCard for premium created for ROI
eCommerce members
Requirements Cash conversion Dedicated HR, Accounts, Painless transactions, Minimum amount of
to digital payroll, legal team painless business to tokens required
community engagement “Node” capabilities
and integration to have business

ownership in
Community
Seeking Financial Peer Database Fast Exchange Can open Franchise

Services
Benefits New financial Reduced costs, member Lifestyle, Work – Life, Access to new, high
capabilities and of Digital Community Business community growth asset class,
reduced costs of enabler generation of
transaction and business profits
credit
4.Creating Value and Proving Concepts
4.1 Building Blocks
Our roadmap features a long-term plan to deliver two significant region-wide projects in the technology and
real estate domains. From these projects we establish a customer base and we will be able to open up new
technology services and products and serve our customers with a range of secure, compliant financial services
which improve their everyday spending habits. The following sections look at each of these offerings and
how they fit together.
4.2 Long Term Vision

The mid-to-long-term goal for our Project is the building of a regional community in Asia. The way to do
this is to launch multiple co-working spaces at key gateway cities, starting from Singapore, Seoul and Tokyo,
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and to anchor technology and professional service offerings at these distributed locations so as to enable our
business outreach into the various countries and locations around the region.
The second step of the plan is to have outreach to the underbanked and unbanked communities by way of
the Telecommunications companies that already have the data and KYC information of their mobile phone
clients, to include these populations into our inclusive AEXON community.
4.3 Co-Working Office Space
We are opening numerous new co-working office spaces in the Asian region in gateway cities, which will
bring in a target of thousands of customers, by bringing in Our Space, a reputable co-working office space
service provider for start-ups and SMEs, to Asia.
The first Our Space office was opened in 2017 in Marbella (Spain) and the flagship 22,000 square foot co-
working space has been launched in Dubai (UAE), with Leeds (UK), Manchester (UK) and Miami (USA)
following in the first half of 2018. Our Space will gain market share in Asia by the AEXON Project assisting
in the opening of offices in multiple Asian gateway cities in the span of the next 3-5 years.
The AEXON operated Our Space outlets will be differentiated from other co-working space offerings, not
only because of its green concept, but also because (1) it will offer back-office IT services to streamline
business operations for tenants and users, (2) there will be a cryptocurrency ATM (partnership with a leading
cryptocurrency ATM provider will be announced in due course before the Pre-Sale) stationed at every outlet
to accommodate demand from the public for access to such facilities, and (3) there is an engagement with a
famous 3-star Michelin chef to operate a unique mono-concept cafe at all the AEXON operated outlets.
4.3.1 Market Size
The business of co-working spaces is experiencing a huge growth globally as the demand outstrips supply
by 3:1.
Research and news articles have shown a promising increasing trend of people shifting to flexible working
spaces instead of the traditional office setting. Survey from Deskmag has shown that 71% co-worker
members feel more creative, 62% of them experience significant improvement in their work and 90% of
them feel more confident. This, coupled with the minimal barriers to entry of this market, makes co-working
an even more promising market.
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The market for co-working spaces is growing rapidly. In 2011, there were only 1,000 co-working spaces
with their presence dominant in Europe and the United States. Three years later, in 2014, the number shot up
to 6,000 co-working spaces. Forecasts suggests that by 2018 there will be 37,000 co-working spaces across
all continents. The success of co-working spaces is mostly contributed by the increasing adoption of a “shared
economy” mindset among the people. Co-working spaces are not only seen as a cheaper alternative to renting
an office space, but it is also seen as a symbol of connectivity and efficient with the community available in
every co-working space.
The demand for such spaces is even increasing at a faster rate than the supply 1. In 2014, the number is
estimated to be 295,000 members of co-working spaces. For 2018, the forecast expects to reach an
astounding number of 2,370,000 professionals who buy membership at co-working centres.
This working concept is

especially popular among
entrepreneurs, freelancers,
and small business owners
who require flexible working
space and hours, as well as
collaboration opportunities
with people from different
businesses.
https://venturebeat.com/2016/03/05/coworking-spaces-are-on-the-rise-heres-why/
4.3.2 Potential and Value Proposition
1http://sbr.com.sg/commercial-property/exclusive/are-coworking-spaces-in-singapore-here-
stay
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The Our Space philosophy is to provide the perfect biophilic co-working space for entrepreneurs, freelancers
or small business owners seeking to collaborate, share knowledge and maximise business potential with
partners globally while solving the problem of costly initial work spaces for entrepreneurs as well.
Our Space has achieved profitability and proof of concept at its first outlet in Marbella, Spain, and together
with the ActivBM technology and proven business model, offers a unique approach to the co-working
market, offering all age groups the environment, support and services to enable friction-free business set-up
and growth, in a holistic environment based on “wellness” and technology enablers.
The global market leader in this industry segment is WeWork, which is currently valued at US$20 Billion,
on the strength of its over 10 million square feet of managed locations and over 100,000 members worldwide.
4.4 Technology Products
4.4.1 ActivBM
ActivBM offers full-suite back-office business services that can simplify company operations by allowing
business owners (especially co-working office clients) to focus on their products and services as well as
their sales, while the ActivBM team handles the business owners’ accounts, finances, payroll, legal services
and much more. Our mission is to help local businesses to reach a higher level of growth in a shorter period
of time, without the need for dedicated back office resources in the early stages. This business offering has
already achieved over S$1 Million in ARR (annual recurring revenues) over the first year of operations, has
assisted multiple clients in achieving Singapore government grants for IT implementation, and is slated to
take off with exponential growth in the coming years with strategic partnerships, marketing and sales
business models and distribution channels.
4.4.2 Potential and Value Proposition
The market capitalisation of SAP and Oracle, the two leading enterprise resource planning software providers
in the world, total over US$210 Billion today. The market size for B2B software services provision is
immense, and the disruptive business methodology of the AEXON Project offering seeks to carve out a niche
within this immense space, and serve the underserved segment of the small-medium enterprise requirements
for backend business services delivered through software.
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A leading publication projects Asia-Pacific spending on technology to be US$738 Billion,
with technology outsourcing comprising US$49 Billion.
4.4.3 Business Directory
Within the AEXON Community Gateway, each member holding sufficient AXN Tokens will be entitled to
create their own personal and business profiles where they can promote their own services and products.
They will be able to form special interest communities/groups, create and participate in forums, and post,
access and search within a directory of entrepreneurs where each entrepreneur can search for the skills or
connections that they need as well as buy products and services from each other, rate and review each other,
and earn AXN Points (AXP) from certain activities and spend such AXP on desired products and services.
This will create a community of like-minded entrepreneurs and an inclusive marketplace, where there is a
natural market of people willing to assist each other to help each other’s business ideas grow. Later stage
developments will enable P2P lending, micro-loans, etc, since cashflow and capital flows are an integral part
of the business cycle.
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4.5 eWallet Mobile Application with Card Load Function
The eWallet mobile app will be developed to integrate with the AEXON Programme Cards, which will allow
anyone who is ‘unbanked’ to digitise their cash. The app will have the following features:
Load Wallet capabilities:

● Bank Card (credit/debit/stored value)
● Bank Account (direct transfer)
● Cryptocurrency Exchange – load from your currency wallet
● Cash (via ‘Cash Load Card’ Function)
Payments
● Peer to Peer (P2P) Payments
● Remittances
● API suite to connect to major Payment Gateways
● eCommerce - purchase of goods/services from Community merchants
● ePay bills from Merchant Network (e.g. Telco account bills)
Additional Functions
● Loyalty Programme Discounts from Merchant Network
● Digital currency exchange
● QR Codes enabling business advocacy and community identity
● Usage of AXP at AEXON Community merchant portals
4.6 AEXON Programme Card

The AEXON Programme Card product will bring the unbanked and underprivileged into the world of
mobile and digital payments and allow access to credit and capital facilities that were previously
inaccessible.
Consumer and retail banking is going through revolutionary change driven by increasing regulation,
technology and operational costs. The cost of providing basic, let alone full, consumer banking services
to the masses is prohibitive and revenue for banks is declining. The market and requirement for low cost
financial services is growing rapidly. The market for the unbanked is worth billions of dollars today, but
is largely untapped due to the inherent costs in setting up accounts for them and catering to their needs.
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Prepaid has been targeted by a range of providers, but not all of them are treating it as a serious revenue
stream due to high transactional costs or an inability to achieve large-scale market penetration. We solve
these issues by having our Telco distributed AEXON Programme Cards and by bringing these to the
blockchain for decentralised, low-cost authentication solutions. Globally significant players include
GreenDot, Netspend and MoneyBookers. However, these are all from the USA and there are no regional
giants in Asia as yet.
Banks pay considerable lip service to Financial Inclusion and the requirement to service the unbanked.
However, they are aware that internal costs and transfer pricing regimes make this an uneconomic
proposition. AEXON can implement and manage pre-paid services on behalf of banks to serve corporate
clients’ and/or government organisations’ payroll requirements for the unbanked.
4.7 Payment Gateway
The AEXON Project will work with the Hazza Network that has a project putting payment gateways on the
blockchain which has already achieved extensive payments industry adoption and support,, and a formal
announcement of this partnership will occur in the near future.
Riding on the backbone of financial industry leaders, we will seek to grow our merchant base and extend our
loyalty programme beyond access to co-working spaces, back-office business services, the ability to buy
airtime or to pay bills domestically or across borders, to a truly inclusive massive community marketplace.
Our forthcoming partnerships with leading ePayments solution providers will allow us
great flexibility of payments ease.
AEXON will onboard strategic partners with full suite ePayments solutions that combine the most popular
cryptocurrency services and products of the digital ecosystem with one AEXON Community Gateway to
allow the managing of transactions, exchanging, integrating merchants’ payments, controlling of funds and
so many more. A cryptocurrency cum fiat exchange, a merchant platform, etc are also part of our proposed
platform.
We do not believe in reinventing the wheel like numerous other offerings in the market and simply
marketing or using technical jargon to convince people that they are doing something novel or
revolutionary. What we will do is to adopt best of breed, low-transactional cost solutions to bring the
greatest value to the Community, and instead focus on building cross-platform integrations and inclusions,
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and co-opting more merchants and strategic partners so that we are a Community Platform of platforms and
services. As far as possible, such partnerships will embrace blockchain technologies and solutions in order
to reduce transactional costs for our community members and users.
4.8 The AEXON SmartCard
Working with partners that already have a market solution, the AEXON SmartCard is at once a multi-
currency, general purpose re-loadable stored value asset, as well as a one-card store of all of the holder’s
credit/debit cards, merchant cards, loyalty programme cards, etc. Premier members of the AEXON
Community owning these SmartCards will be able to load AXN Tokens, multiple Visa/Mastercard Prepaid
Cards, loyalty programme cards, transact in major cryptocurrencies and eventually all cryptocurrencies and
then perform a range of P2P transaction types, including remittances.
The AEXON SmartCard’s launch will bring an adaptable and sophisticated card technology to the
financially savvy and well-heeled digital age Community member. We will provide limited edition
SmartCards to the premier AEXON Token holders, and also to those who wish to own this physical and
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high-tech status symbol. The SmartCard is slated to be launched by the last quarter of 2018, but delivery
timeline depends on factory production speeds.
The AEXON SmartCard will provide a simpler, more convenient and more cost effective way to make P2P
payments from one card which boasts many more secure features than a bank card, since it has computer
chips and will have biometric sensors, and rides on software that can be overridden and wiped out in the
event of theft or fraud by authenticated owner or helpdesk control remotely.
The AEXON SmartCard is an offering mirroring the AEXON eWallet, that combines all electronic payment
solutions into one convenient card. It is at once a Pre-paid Stored Value Card, and also a Combination
Credit/Debit card granting extensive payment facilities and enabling Discount Programmes and a
Business/Personal Community Identification card offering for businesses and consumers leveraging on
Third Space co-working offices (and later more distributed nodes).
AEXON co-working spaces will initially be located in the high population density areas and eventually
down-streaming to the frontiers of the Asian zone. AEXON will provide identity to the unbanked and
conduct required due diligence and KYC on its users, leveraging biometric solutions and other technologies
available in the world today and through strategic partners with developed solutions such as Yoti, which
can greatly accelerate the entry of the underprivileged into the financial and international community, by
offering them hitherto unknown access to capital and credit. Formal partnership announcements will be
made in due course as this project develops.
AEXON will run its services on existing, compliant payment gateway services riding on existing regulated
market leaders and attach a secure card that can replace many different transaction types such as:
● Remittances
● Paying utility bills
● Peer to Peer payments
The global remittance market is estimated at about US$700 Billion today, and with blockchain technology,
the unbanked can finally be reached and served at low transactional cost.
5. Blockchain Development
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5.1 General
Blockchain technology introduces key benefits to the Financial industry in terms of administration and cost,
which thus allows our services to reach the unbanked, to whom financial services have up until now been
inaccessible due to the prohibitive traditional banking transactional costs.
Our system will verify our users in a secure manner. During the initial token offering, interested parties will
upload information to verify their identity in order to have their tokens awarded.
On the secondary market, using the Application Binary Interface and Etherscan.io, we will be able to
identify the current wallet address of the AXN Token owner.
Token holders will be able to collect and start to use the loyalty points associated with their AXN Token
from the moment they have provided us with the necessary KYC information, that will be saved off chain
in our secure database.
This facilitates both financial sector information requirements, as well as allows the
creation and existence of a single user identification to save immense administrative costs
and time.
5.2 The Implementation of our AXN Token
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The AXN Token will comply with the ERC20 standard, so it will be tradable on pre-selected exchanges. In
order for us to add functionality over time, and protect the privacy of the private information of our members
and token holders, the system architecture is distributed on-and-off the ethereum blockchain. An additional
benefit to the AXN Token holder is that this will limit the amount of storage and memory used, making the
contract more (gas) cost-efficient. For a formal description of the token code, please check out our GitHub2
writeup.
The AXN Token holders are eligible to become members of our Community Gateway, Our Space, ActivBM
by registering to the Member’s area on our Community Gateway platform. Tokens on wallets provided by
exchanges like Bittrex, GDAX etc can’t be tracked for balance. To ensure that AXN Token holders are
tracked by our systems correctly, we advise to keep the AXN Tokens in wallets that support ERC20 tokens.
A few trusted wallets in this category are Mist, Metamask, Parity, MyEtherwallet or Etherdelta.
In order to maintain full control over the environment, we are also aiming to provide an
AEXON proprietary wallet by Q3 2018.
The AEXON eWallet app allows you to become an AEXON Community member and provides a single sign-
on interface to login to all our members area such as:
- Community Gateway
- Our Space
- ActivBM Business Solutions
The AXN Token holder’s public address will be stored on the blockchain, and the KYC and identity
information will be stored on a secured database. Users can opt in to make a public profile as well, and
connect their information to the AEXON Community Platform. When tokens are traded on the secondary
market, the new owner will be able to spend the AXN loyalty Points from the smart contracts from the
moment they register on the AEXON Community Platform.
Solidity, the high-level programming language used to realise the smart contract, is translated to bytecode so
that it can be stored on the Ethereum Virtual Machine. (The ethereum blockchain). We will use the A.B.I.’
(application binary interface) to track transactions and called functions. The ABI is a list of the contract
functions and arguments in JSON format. The modules that add features, such as the community platform,
as well as the secured database attached to it, will use the information from the A.B.I. to track the current
2 https://github.com/gravitas-aexon/axntoken
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AXN Token owner and add AXP to the correct owner of the AXN Token on the scheduled date of
distribution.
The AXP that are derived from the AXN Token will be able to be used for any number of goods and services,
such as buying a coffee from the co-working space cafe, renting office spaces, hot-desks, yoga sessions,
paying for Telco bills, paying for ActivBM business services, etc. More products and services will be added
to the list of uses for the AEXON Points as more merchants are onboarded and more businesses are acquired
by the AEXON Project. Merchants and businesses accumulate AXP and can exchange them for fiat or
cryptocurrencies held by AEXON at the end of each settlement period (by the fourteenth of each month), or
can also use these AXP themselves in the AEXON Community. The advantage of having this dual-token
system of AEXON Tokens (AXN) and AEXON Points (AXP) is so that the unit of exchange within the
AEXON system that is the AXP will not be volatile since it is virtually pegged to a common standard fiat
value (initially, 1 AXP = 1 USD), so that any volatility in the openly traded AXN Tokens will not impact the
AEXON business and community ecosystem greatly.
Initially, AXN Token owners can register their identity privately on the AEXON Community Platform, and
opt in to register additional public information, such as their business cards, specialisations, offered skills,
products and services.
Entrepreneurs will be able to connect with each other and market their skills to one-another.
The AEXON Community Platform is realised in PHP and AJAX. Secondly, we will build modules in Node
JS, Ajax, PHP and other languages and frameworks, so that AXN Token holders can make discounted
reservations for a desk at Our Space and use software from ActivBM, as well as marketing their own skills,
and browse the community and network to make use of the goods and services that are offered by members
of the network. Users that own more than 1,000,000 AXN Tokens will be able to apply to become a franchise
holder for Our Space if they so wish, or licence this right out to interested business partners.
An updated list of such “Proof-of-Stake” business functionalities will be published on the AEXON official
announcements site(s). AXN Tokens pledged for the purpose of triggering certain AEXON Community
functions will be held in escrow and will not generate AXP during the lock-in period.
- 22 -
Technical overview of the system architecture.
6. Cyber Security
6.1 – Biometrics and KYC

The AEXON Community Gateway will provide identity to the unbanked and conduct required due diligence
and KYC on its users, leveraging biometric solutions and other technologies available in the marketplace,
which will greatly accelerate the entry of the underprivileged unbanked population into the financial and
international community.
A combination of voice-, iris scan and facial feature authentication.

1. The user can use their smartphone for authentication, using its microphone and camera.
2. a. The User scans their face using the camera on their phone. b. The algorithm scans the unique facial features
and the distances between them. c. The data is verified on a secured server.
- 23 -
3. a. User records password-sentence with the microphone from their phone. b. The recording is sent to secured
servers where algorithms validate if it matches the recorded voice password of the user.
4. Additional meta-data about the users’ geo-location and behaviour is used to detect suspicious conditions.
5. The user is validated using a combination of these methods.
6.2 – Data Security and Cybersecurity
AEXON is partnering with specialist data and cyber security firms, to roll out onsite and offsite, secure
environments for the AEXON co-working space IT offerings, ActivBM cloud services, HQ data storage and
offsite secure backup solutions.
During the development of the system and the implementation of the system, we are very pleased to be
working with Dr. Andrew Santosa, a Senior Research Fellow at NTU, who together with the knowledge and
experience of security experts partnering with us, will ensure the security of the system, data and connections.
Infrastructure build-out for AEXON

AEXON will have an infrastructure solution that ensures that the company gets a highly scalable solution
which provides the following:
· Never, ever lose data,
· That data can only be accessed by authorised staff,
· Connects the company securely to the internet,
· Can distribute and charge its customers for internet access and use this as an up-sell or marketing
tool.
· Can host a whole range of e-offerings to its customers from an in-house private cloud
· Can use virtual workstations for its in-house staff from an in-house private cloud
· Can, if desired rent out virtual workstations to its customers from an in-house private cloud.
There are 3 main areas to be built out as basic infrastructure (on a per office location basis), and one central
off-site back-up unit in a data-centre, or at corporate HQ, that holds the back-ups for all office locations.
Once these 3 main areas have been addressed, all other solutions are to be built on top of this:
I) In-house private cloud, Data backup and disaster recovery provisions
II) Firewall provisions ( HQ, Datacentre, and per office location)
III) Internet connectivity plus distributed bandwidth (within every office location)
I) In-house private cloud, Data backup and disaster recovery provisions
- 24 -
· All company data, including the in-house private cloud shall be stored on the internal storage
unit and is to be backed up automatically on-premises at 1 hour intervals.
o This safeguards the company against the following potential data-loss scenarios:
o Hardware failure
o Unintentional user error: data deletion
o Malicious intent of disgruntled staff data deletion
o Ransomware lock-up
· All company data is to be automatically exported to an off-site location at 1 hour intervals.
o This safeguards the company against a total server loss due to fire, earthquake,
faulty sprinkler system, physical theft and/or any other physical damage to the server.
One can insure itself against any form of equipment loss, but one cannot insure the
data. Having the data backed up at a second location assures rapid recovery in this
scenario.
o Location of this backup unit can be at the Datacentre or company HQ
II) Firewall provisions (HQ, Datacentre, and per office location)

· Every location will have its own dedicated firewall
· The firewall is extremely configurable and has a wide range of security features
that will be tailored to the company’s specific requirements.
· For example… Real time deep packet inspection, GeoIp control, content filter
control, ad-block control, antivirus control and many more based on requirements.
III) Internet connectivity plus distributed bandwidth (within every office location)
· AEXON can distribute and charge for internet access and this is a great value add for
AEXON’s co-working space users. For example: AEXON will have an incoming pipe of
1 Gbit/sec and then distribute out at 10 Mbit or 20 Mbit per office and have an instant
connection for new occupants, saving them the hassle of getting a 2 year contract with
any of the main ISP’s, plus termination charges if they want to move in or out during the
middle of a contract period.
· If a customer desires, his bandwidth can be increased at an extra charge.
· Portal based WiFi access for guests
One the above is in place, a roll out can be executed for the following requirements:
· ActiveBM implementation
· eWallet implementation
- 25 -
· These roll outs will be built on top of an in-house web-hosting environment. Note that the
in-house hosting environment is to run as a KVM virtual Server in a private cloud
scenario, on top of the above infrastructure.
· Virtual workstation implementation Virtual workstations for staff are to be implemented

and are to run as a KVM virtual machine in a private cloud scenario, on top of the above
infrastructure (the IT admin now has one central point of administration and maintenance,
images can be rolled back as per described back-up policies, and a hardware failure of a
client accessing the Virtual workstation has zero effect on the data integrity of the work
station, moreover, once a new thin client replacement arrives, one is back up and running
in 10 minutes).
7. Services
7.1 Loyalty
The AEXON Loyalty Programme will support all of our initiatives in these ways:
● Token purchasers receive discounts at the Asian Our Space outlets (will negotiate to have access to
all worldwide locations as well, status to be announced by ICO/ITO date)
● Token purchasers receive discounts on ActivBM services and any other AEXON merchants and
businesses - these uses will be announced on the AEXON website(s).
● Those who own AXN Tokens will be given AEXON Loyalty Points (AXN Points or AXP) monthly
that can be used to spend on products and services within the AEXON business community.
● On the designated date in each quarter,, a certain number of AXP will be generated in the AEXON
eWallets of AXN Token holders. By the last day of the quarter for settlement, all remaining AXP
that are unconsumed will be burned/destroyed, then on the next designated date, new AXP will be
generated again.
● If AXN Tokens are traded after the issuance date for the AXP, there will be no further AXP generated
for the new AXN Token holder. There will only be a one-time quarterly issuance of AXP for each
unique AXN Token.
- 26 -
The AEXON Community Gateway also allows businesses and merchants to create their own online stores
and websites, and allows more merchants to onboard their services and products into the AXN Points/AXP
loyalty programme. More usage opportunities for the AXN Token generated and the AXP will be rolled out
in periodic intervals as more merchants enter into the ecosystem. This thereby creates more demand for AXN
Tokens on the secondary markets as merchants will be required to have a certain number of AXN Tokens,
in order to be part of this growing Community ecosystem. With Metcalfe’s law applying to this network
effect, the value of the AEXON Community and the AXN Token should keep growing.
7.2 AXN Points Use Cases
The AXN Points are a perpetual benefit given to the AXN Token holders on the issuance date of each
quarter, as AXN Points are generated each quarter (unspent AXN Points will be destroyed on the last day of
each quarter for settlement) for usage. This is like a constant airdrop to add value to the Community from
the AEXON Project and to reward the AEXON Community and increase its inclusiveness and adoption of
this ecosystem. This in effect means that huge value is provided to the AXN Token holders, as they not only
enjoy the benefits of growing long-term value of the AEXON Community, possible AXN Utility Tokens
value increase from open market trading of AXN Tokens by merchants that want to get into the economy as
- 27 -
economic unit nodes, but they also perpetually get regular spendable number of AXN Points that can be used
for real-world products and services as a reward for remaining in the ecosystem. Soon after launch, the
AEXON Project will also create a secondary market for the AXN Points to be traded on the platform. If
certain AXN Token holders are unable to consume them before expiry, the secondary market for the trading
of AXN Points will drive up the value of the AXN Tokens even further since the AXN Points could
potentially be an additional tradable income source.
Why get into this AXN Token and AXN Points environment? Just as airlines give air miles, online travel
agents like booking.com or Expedia give points to their customers that can be redeemed, etc, by creating a
One-Community environment where AXN Points that are generated can be utilised, this creates a more
inclusive, tighter knit Community that is more integrated, decentralised, and does not need central
authentication or governance to thrive.
We are truly democratising the Community engagement by allowing Work, Life and Play to
come together in One Platform.
7.3 AEXON Exchange and AXN Token Secondary Market
AEXON will start and run its own Exchange or enter into long-term joint venture relationships with leading
cryptocurrency exchanges, in order to ensure a permanent Secondary Market for its own AXN Tokens, and
also to increase liquidity for the AXN Token. Some of these exchange partnerships have already been
negotiated and will be announced in due time. This is fully covered in a later section in this White Paper
about Tokenisation.
7.4 Nodes and Franchises
Once a serious investor has acquired a number of AXN Tokens, they have options on what they can do not
only to serve the Community but also to create their own line of business within the AEXON Community
Gateway ecosystem.
Within the AEXON Community Gateway, an AXN Token holder will be able to show himself to be a
‘walking node’ (imagine GPS triangulation from an Uber screen) depending on the search parameters from
users - e.g. a co-working space tenant wants to find an experienced architect. He then opens up the AEXON
Community Gateway Merchant Portal, types “architect” and the GPS will lead him to the right location, right
desk and voila, they can connect and do business. In addition, even from the comfort of one’s home or desk,
as AEXON is partnering with an already-to-market Virtual Reality project, Mark.Space, there is a
- 28 -
functionality of each member of the AEXON Community being searchable as a Virtual Reality avatar that
can interact with potential business partners or customers who find them.
The customer can only see service providers who own certain levels of AXN Tokens, thus our AEXON
Nodes have a similar function to Proof-of-Stake Nodes - meaning the accumulation of a certain number of
AXN Tokens will allow holders of AXN Tokens to be points of contact as business evangelists (sales
agents/brokers for merchants on the platform), exchanges (e.g. Geolocate like Uber to find nearest money-
changer/eWallet Walking Node if you need cash that the AXN Token holder might have on him/her), and
larger accumulations of AXN Tokens to be allowed to be franchisees or to buy into the AXN Community
businesses, with each merchant setting their own entry level requirements. Token holders who wish to
engage in such “Node” functions will have to deposit their stipulated levels of AXN Tokens into AEXON
escrow accounts, which are defined by smart contracts and obviate the need for complex legal agreements to
be in place before engagement.
For example, let’s say an AEXON Community member purchases 1,000 AXN Tokens during our pre-sale
at US$1,000 equivalent and gets a 25% bonus (please note that the bonus given will depend on when the
purchase of AXN Tokens takes place, and this figure is only provided for illustration purposes). That means
that this member will have 1,250 AXN Tokens distributed to his AEXON eWallet. To be an AEXON
Community member (to activate all the membership functions in the AEXON Community) will require 300
AXN Tokens, held in escrow, and the remainder 950 AXN Tokens in the AEXON eWallet will generate
about 15 AXP per quarter (the AXP generated will vary depending on the total ICO/ITO funds raised and
will be published after the ICO/ITO closes, and only put up here for illustration purposes).
With the activated AEXON Community loyalty programme, this said member can now enjoy a 25% discount
(these numbers will vary from location to location and business to business and are only put up in this
example for illustration purposes) off of the Our Space office offerings, ActivBM business services, etc. So
let’s say he goes to the Our Space membership counter, shows his AXN Tokens in escrow and activated
AEXON Community membership, gets to book a hot-desk at US$75/month (these numbers will vary from
location to location and are only put up for illustration purposes) instead of the listed public rate of US$100,
and he can use his 15 AXP to offset the monthly cost even further. That means that this AEXON Community
member will only need to pay US$70/month for the usual US$100/month service! While part of the AEXON
Community, he can access the AEXON Community Gateway and put up his profile for products/services
offered, so that other members of the community can buy his products/services or search for him as a service
provider.
- 29 -
In addition, let’s say that 3 months after the AEXON ITO closes, the AXN Token rises to US$3/AXN Token
in value. The said member can then sell his 950 extra AXN Tokens at US$2,850, whilst still retaining his
300 AXN Tokens held in escrow for his membership services. In effect, this AEXON Community member
only paid US$1,000 to obtain about 3 years worth of co-working space hot-desk usage (assumptions are that
the member bought in at a bonus offering stage and that the open market price of AXN Tokens went up in
this example)!
There are many further examples of how AEXON Community members can utilise their
AXP for purchases and as node functionality, and these will be described in more detail on
the AEXON website.
7.5 Including and Serving the Unbanked
With the AEXON Community Gateway allowing access to the previous financially disadvantaged, the
unbanked will now be given an opportunity to become part of the inclusive AEXON Community as depicted
in the following infographic.
- 30 -
8. Utility Token Roadmap
● Initial Token Offering/Sales - first quarter, 2018
● Potential for Increase in value
o Periodic buy-back of AXN Tokens from open market using business profits
o Onboarding of more merchants, more usage for AXN Points
● AEXON’s Token Buyback Plans
o at regular intervals, 20% of the net profits from the business operations of AEXON will be
used to buy back AXN Tokens from the open market at the existing price points to reduce
market supply and increase price levels
o below certain threshold levels, AEXON Project Treasury department will buy from open
market to reduce market supply
● Accumulations of AXN Tokens allow Token holders to act like nodes, for example, to set up their own
business community portal, to be an AEXON business franchisee, to own a co-working space franchise,
to own an ActivBM business services franchise, to exchange money for AXP rewards, etc. These have
been briefly described in preceding descriptions and will be further detailed in the AEXON website.
9. Partnerships and Corporate Structure

9.1 Partners
9.1.1 Cryptocurrency Exchange, ePayments, eWallet, P2P Payments
AEXON is currently engaged in negotiations with several strategic partners for the provision of these already
proven, market-ready solutions and expect to announce the formalisation of such engagements before the
AXN Token Pre-Sale commences. Some of these are leading exchanges such as Huobi, Coinbene, COSS,
and Octo3 for payment solutions.
A strong international cybersecurity and data centre specialist company will provide secured online and
offline network solutions for the entire AEXON Project, and its state-of-the-art USA patented Exchange risk
management solution is imminently being approved for a substantial development grant by the Singapore
- 31 -
government to provide the financial institutions with an additional layer of risk management. Finalisation of
this formal engagement is expected to be announced before the start of the Pre-Sale.
9.1.2 Our Space
This offering initially relies on the launch of co-working spaces entering into and expanding in the ASEAN
market (and strategic nearby markets), by setting up and operating multiple units in gateway cities like
Singapore, Seoul, Tokyo, Hong Kong, Yangon, Manila, Phnom Penh, Bangkok and Kuala Lumpur in the
next 5 years.
This will attract paying companies who will use the AXN Token both to utilise premium
co-working office spaces and also to subscribe for back-office business services at
affordable rates.
Our Space is led by a strong team comprising of experts from the UK, Dubai, USA and Singapore, and with
its focus on bringing nature into the workplace, is a natural fit for the AEXON Project’s vision of a common
Asian standard with a strong branding and value proposition as a natural business hub and the premier Third
Space offering to the digital nomad.
9.1.3 ActivBM
ActivBM is the perfect complement to Our Space (which correspondingly serves as the ActivBM launching
pad worldwide), as it is the business engine “software” to the “hardware” of Our Space as the real estate
anchor, and with ActivBM as a value-add and accelerator to all businesses, especially to growing start-ups,
ASEAN businesses can be incubated and accelerated to provide strong growth.
9.1.4 Asia Law Exchange - ALX
ALX proposes to build a regional platform of Legal-Tech services, serving a middle layer of KYC,
compliance, cyber-security offerings, Personal Data Protection offerings and compliance, on top of a strong
foundation of IT software offerings to businesses, which nicely fits with the ActivBM ecosystem of
technology and services offerings.
9.2 AEXON Corporate Structure
- 32 -
● Gravitas Holdings (Pte) Limited was set up in Singapore and is the marketer, distributor, and auditor of
this AEXON offering, amongst other future ICO/ITO offerings.
● The AEXON Project is set up as a special purpose vehicle (“SPV”) registered in Singapore, and has the
necessary corporate agreements with Bluesky Group Pte Ltd (which has the co-working space
agreements with Our Space, and owns the ActivBM brand), and arrangements with strategic partners
such as ALX, Huobi, Coinstreet, Octo3, Yoti, etc, for the other core components of this Project.
● AEXON will be audited by Gravitas Holdings (Pte) Limited in a manner similar to private equity deals
which are usually only reserved for the top 1% of the investment population, with full accountability to
token purchasers by way of yearly administrator reports showing the utility token values, auditors and
lawyers conducting yearly audits and reviews of the AEXON activities, etc.
● Seed funding and founding investors are limited to Accredited Investors and/or Institutional Investors,
or under the Securities and Futures Act exemptions under the definition of the Singaporean legal system
as equity in Gravitas Holdings (Pte) Limited and the AEXON Project SPV are regulated by Singaporean
law.
9.3 Geo-Location Benefits
● Singapore was chosen to be the HQ of the AEXON Project due to its location as one of the premier
blockchain and token offering centres in the world.
● Singapore is a global financial hub, and is uniquely positioned between the East and the West, and is
increasingly attractive to ASEAN as well as global businesses.
● The Singapore government is embracing the nascent Fintech industry and has promulgated numerous
initiatives to assist FinTech companies. The Monetary Authority of Singapore, which is the regulatory
authority of Singapore, is greatly encouraging Fintech innovation and is open to compliant ICO/ITO
projects that can provide value to the economy and community.
● Singapore’s own digital tokenisation efforts are already at an advanced stage, with its “Project Ubin”
past Phase Two of implementation and the Singaporean regulatory environment of permitting utility
token offerings is a great positive to be had.
- 33 -
10. Tokenisation Plan and Roadmap
10.1 Token Utility
1. The AXN Token will allow discounted rates on the list prices of co-working space facilities as well as
ActivBM service offerings, and any new merchants onboarding to the AEXON Community.
2. Within 3 months of the close of the ICO/ITO, the AEXON Programme Card with functionality and usage
at over 42 million points around the world will be rolled out. Testing of this solution is already taking
place with the card issuers. It will have the same functionality as both a debit card as well as a prepaid
stored value card.
3. AEXON will have its own Exchange or have a strategic partnership with an experienced and reputable
Exchange operator(s), in order to ensure a permanent Secondary Market for its own Tokens, and also to
increase liquidity for the AXN Token.
4. Within 12 months from the ITO, the AEXON SmartCard, with QR code for ActivBM business
community and co-working space functionality, Biometrics for activation and account signup (and to
assist with the performance of know-your-client (“KYC”) procedures), Loyalty and Merchant
Programme, Direct Marketing for distribution to business partners and social contacts to be issued, and
the beta testing for the regional stored value telecommunications account linked card (physical and
virtual) to commence (subject to factory production fulfilment orders).
5. Also slated for 12 months from ITO, AXN Tokens will have full functionality as Nodes - meaning the
accumulation of a certain number of AXN Tokens will allow these holders to be points of contact as
Nodes (e.g. Geolocate like Uber to find nearest money-changer/eWallet Walking Node (banker/service
provider), and larger accumulations of AXN Tokens to be allowed to be franchisees of the Our
Space/ActivBM businesses, etc.
6. It is also on the AEXON roadmap to acquire banks or apply for banking licences in the region in order
to have full remittance and money-changer licences in place, so as to roll out an AEXON Token Digital
Currency if permitted, and be useful as a regional, cheap way of transacting across countries and
currencies. However triggering this phase of development will depend on how much funding is raised
from the AXN Token sale.
- 34 -
10.2 Secondary Market
1. The first secondary market utility of the AXN Token will be for co-working space and office services
business owners/entrepreneurs to acquire/lease such AXN Tokens from the Secondary Markets in order
to enjoy membership/token ownership privileges (i.e. access and discounts for such services).
2. The next secondary market utility of the AXN Token is for the ability to be a sales-force/business member
of the AEXON Community, as a Walking Node, to evangelise the functionality of the AXN Token and
Community. The more connections, merchants and people in the Community, the more universality of
financial transactions and exchange of products and services are enabled.
3. Additional AXN Points rewards will be provided to those who serve as Nodes to exchange money for
members of the Community, Business facilitators and sales people/teams, through direct marketing
rewards. This is akin to loyalty programmes and rewards points, since the AXN Tokens can be exchanged
for valuable consideration and/or fiat currency.
4. Another Secondary market utility is the ability for certain concentrations of AXN Tokens to achieve
franchisee functionality (e.g. to acquire rights to open a new co-working space location, equivalent value
of US$1 million would be needed in order to have rights to purchase a Franchise from the AEXON
Project, etc).
10.3 Token Design and Build
The AXN Token will be designed and built in Solidity and the modules to redeem the AXN Points to pay
for some Community services such as ActivBM business suite services, Our Space working desks and
offices, as well as cafe offerings within Our Space venues, Telco subscriptions with Submarine cable
company partners, etc, released in Node JS.
There will be a limited amount of AXN Tokens in circulation. The AEXON technical team is currently
assessing the Ethereum platform for suitability in hosting the AEXON Project eWallet.
10.4 Token Specifics

This table summarises the specific credentials and timings of the AXN Token.
- 35 -
Subject Description
AEXON will distribute loyalty AXN Points to their holders, and AXN
Token holders will be able to use to make reservations at Our Space,
use ActivBM and other onboarded merchants, etc, at a discounted
Project
rate. This will be powered by an eWallet powered by existing service
providers with such services, and a trusted financial institution (e.g.
renowned issuers).
The AXN Token will be like a loyalty voucher, that users ranging
Utility Token from the unbanked to the entrepreneur will be able to use for the above
listed functionality.
Ticker Symbol AXN
Token Technical
is built as an ERC-20 token on the Ethereum blockchain
Background
Token Pre-Sale Start

Tentatively 20 January 2018
Date
Token Pre-Sale End Tentatively 19 February 2018, or when allocation of AXN for
Date Presale sold out
Token Sale Start Date To be announced after Presale Closes
To be announced after Presale Closes or when the supply

Token Sale End Date
of AXN Tokens has been sold out
Token Price 1 AXN Token = 1 US$
Total Percentage of all

AXN Tokens for 80%
Public
Percentage of all AXN

60%
Tokens for AEXON
- 36 -
Projects Funding
(including Pre-Sales)

Tokens for Early
Investors and Founders,
Marketing, Operations 20%
of Tokenisation and
Community Gateway,
etc

tokens for AEXON
20%
Treasury Reserve and
Other Interests
Target Amount Sold (USD 500,000,000 equivalent raised - with roughly 1 new co-
(Fixed limit) working space opened for each USD 5,000,000 raised)
Live product/services: ActivBM, Our Space outlets outside Asia
Pipeline:
Project Status ● Our Space Asia
● eWallet mobile app
● See Roadmap for details.
Funds secured in Bitcoin BTC & Ethereum ENS & Ox account and
Safekeeping of Funds
USD escrow accounts only
Token Holder Reward AXN Points (loyalty points) or AXP
To be announced on the individual business unit sites, and a

Card user incentive consolidated table to be released on the AEXON website after
ICO/ITO
Early bird bonus for

50% discount, in first week, with progressively lower 10% tiers of
Pre-sale and Public
discounts per week
Token Sale
- 37 -
Accepted currencies for Bitcoin (BTC) & Ethereum (ETH) + USD for the presale;
the ITO Only ETH for the ICO/ITO
Minimum Amount
Raised (otherwise all
USD 5 Million.
Token purchases
refunded to investors)
11. Financials
This section covers what we will do with the funds we raise from the Initial Token Sale and from the private
equity market; what our basic costs are per project stream; and what revenue streams we anticipate from each
core project stream.
11.1 Allocation of Project Funds

Each USD 5,000,000 worth of funds raised will equate to a new co-working space to be opened. Each such
co-working space outlet will have ActivBM technology offerings as well.
11.2 Description
To build out, market and operate the AEXON Community Gateway requires an estimated US$30 million
over a course of 3 years, and each ActivBM office instance will require about US$500K for implementation.
60% of the AXN Tokens created for this Initial Token Sale will be utilised for the Project Funds, whilst 20%
will be utilised for marketing, operations, technology development, and some compensation for the early
investors and promoters of the AEXON Project.
Thresholds for the AEXON Project are as follows:
● At US$ 5 million raised and allocated to the AEXON Project Funding as set out above at Section 7.1,
1 co-working space, 1 ActivBM office, a series of initial AEXON cards, an Exchange partnership,
and the AEXON Community Gateway will be rolled out;
● Each additional multiple of US$5 million raised, will go towards an additional co-working space and
ActivBM office,
- 38 -
● At US$125 million raised, moonshot projects such as acquisition of regional banks can occur, and/or
banking licences can be applied for, and at US$500 million raised, the ICO/ITO will be closed.
12. Security and Legal
The founder of the AEXON Project and Gravitas Holdings, the Project promoter, is a practising advocate &
solicitor in Singapore from a firm with 9 lawyers, is one of the first and leading practitioners in the ICO//ITO
space, and has just published a book on ICOs/ITOs in Singapore. The presence of another core team member
who is handling government relations, is also very well connected with the legal environment and has had
multiple positive engagements with the Singaporean regulators for Personal Data Protection and KYC
discussions for some of the offerings under this Project. Therefore, from a legal and compliance viewpoint,
this AEXON Project is well in hand.
Security is well taken care of, by way of data centre, virtualisation, security, and risk management specialists
being on board for the set-up and administration of the various co-working sites, as well as the overall IT
system infrastructure of this Project. Key members ofp this security team is also engaged in multiple rounds
of discussion with MAS and Spring Singapore for the rollout and implementation of a USA patented
Exchange risk management offering.
13. Team
a. Malcolm Tan, CEO, Legal Advisor – lawyer/entrepreneur, with multiple businesses and exposure
and experience in multiple industries, including corporate advisory, telecommunications
infrastructure, technology and finance (VC, PE) which are particularly on point for FinTech and the
crowdfunding space. Malcolm contributes in-house legal knowledge and expertise as well as wide-
ranging contacts enabling partnerships to be formed readily to accelerate AEXON growth and
fulfilment of its vision. Malcolm also has direct interests and/or companies in legal services, corporate
services, corporate advisory, finance and wealth management, digital marketing, etc which directly
contribute to the success factors required for new companies and businesses. He has also just
published a book on “How to ICO/ITO – Legal and Regulatory Framework in Singapore” and has
advised or is currently advising a few companies intending to ICO/ITO in Singapore.
- 39 -
b. Kimble Ngo, CEO of Gravitas Holdings Vietnam Kimble has extensive experience working firms
helping them raise funds as well as build out their business strategy. Previously, Kimble was an
Investment Banker with UBS working with state banks, SWF, and corporate banks. JPM, DBS,
Temasek Holdings, BlackRock, and many others are included in his list of previous clients. He
previously managed a multi-million regional beverage distributors out of Singapore. Currently,
Kimble is the Partnership Director at Kyanon Digital, a leading technical production house in HCMC,
with clients like Samsung and SuntoryPepsi. He also advises and coaches Senior executives in
business and communications.
c. Patrick Sim, CTO - Patrick is a co-founder and Director of RobustTechHouse, an IT development

company specialising in web, mobile app, chatbot and blockchain development. He was previously
a Private Equity professional focussing on investments in South East Asia, as well as a trader in a
global fund. He started his career as a Singapore Police Force Overseas Scholar and served in multiple
roles in the Singapore Police Force as well as the Ministry of Foreign Affairs and Ministry of Finance.
He also obtained an MBA from the Wharton School of the University of the Pennsylvania, and holds
CFA, CAIA and FRM accreditations.
d. Ken Wang, COO - Ken has more than 15 years of solid international sales experience in Asia Pacific
covering information technology and energy industry across senior/general management, sales and
business development positions. Ken has previously worked for international companies like IBM,
Oracle, HDS, Platts, TPS and SAP.
e. Tim Sandars, Programme Manager - Tim has 15+ years of digital experience mainly in delivering
mobile technology projects for blue chip clients such as Vodafone, O2, Orange, Sky TV and Skype.
As Head of Projects at the UK’s largest independent mobile marketing company (Mobile Interactive
Group, sold in 2011), Tim gained experience of managing the programme for the business projects
and line-managed the project managers to ensure delivery to high quality standards. Tim moved to
Singapore in 2012 where he has acted as an advisor to several start-ups in eCommerce, OTT Billing
and mobile payments and has used this time to enhance his skills as a digital marketer. Previous
employers include AXA, IPC Media, SportingBet, Logica, Price Waterhouse.
f. Jackie Liew, Vice President of Business Development - With over 12 years in the frontline, Jackie
has been in the financial services sector from mortgage banking to SME banking and was with
MoolahSense, a marketplace lending platform in Singapore. He was with the platform for close to 2
years and was one of the early employees that helped the startup to a series A funding round. Jackie
started his banking career in Singapore with Standard Chartered Bank and was closely involved
- 40 -
in residential and SME mortgage banking. Subsequently, he entered the property industry marketing
high end properties in Singapore. In 2011, he joined Sing Investments & Finance Ltd a boutique
finance house in a department that handles high-net-worth, SMEs, and corporate
clients. Jackie graduated with a Bachelor of Business (Accounting) from Monash University in 2004
and spent 5 years living and working in Melbourne, Australia.
g. Dr. Andrew Santosa, Technologist and security expert. Andrew is a Senior Research Fellow at the
National University of Singapore, where he conducts research and development of software security
analysis techniques based on symbolic execution within the TRACER-X project. He is dedicated to
Advancing state of the art in automatic discovery of software bugs for software security. His previous
experience includes a position as Principal Member of Technical Staff at Oracle. He is affiliated at
the IEEE Computer Society and the Singapore Computer Society, as well as at the Association for
Computing Machinery.
h. Fleur Arkesteijn, Technical Team - Software Engineer. Fleur is an intern from the Hague University
of Applied Sciences, has proven to have a deep understanding of the underlying concepts and
implications of the (ethereum-) blockchain, development in Solidity and the interaction between
different components in the system.
i. Saravan Periyasamy, Software Engineer and Technical Advisor - Saravan is a software engineer
with a passion for software development and product managing. His can-do attitude and technical
insight can be a valuable asset for the development aspects of projects.
j. String Nguyen, Marketing Advisor (specializing in Linkedin & Video) - String is well known
creative Tech Strategist and best known for her LinkedIn and Video marketing campaigns. She is the
No 1 Video Content Marketer on Linkedin and works with corporations, brands, and start-ups. She
helps these businesses grow their presence, increase sales, and establish an authority position in their
industry. She has a wide network as she has helped multiple companies with their Crypto Currencies
throughout Asia, US, and Australia.
k. Melissa Yoon, Community Manager. Co-Founder of Asia Blockchain Association with almost 1,000
members in Singapore and Vietnam. She is also involved with Crypto Coast Ireland, a global
initiative for Blockchain Developers worldwide. With experience in finance, trading and an extensive
knowledge and insight into the stock markets, game theory and digital currencies, as well as managing
accounts and communities, Yoon is a perfect addition to our team. She is both appreciated by the
team for directing a disciplined army of gummy bears to meetings and for her focus, leadership and
- 41 -
analytical skills. Her major is in Applied Accounting and she was with the licensing team in the
Capital Markets Intermediaries Department of the Monetary Authority of Singapore.
l. Andrei Roudenko, Advisor. Andrei is a founder and CEO of RLClub, an international marketing
technology company, which enables partners’ (telecoms and banks) clients to earn up to $50 a month
by consuming relevant ads. He was previously a Venture Capital fund director focusing on FinTech
investments in Europe and America. Prior to that he enjoyed a twelve year career in investment
banking with Morgan Stanley and other banks in London, Moscow, and New York City. He started
his career as a management consultant with Ernst & Young.
m. Alexander Shlaen, Advisor. Alexander Karolik Shlaen is an economist and holds an Executive MBA
from Kellogg School of Management and Hong Kong University of Science and Technology. He
founded Panache Management in Tokyo, and served on the board of directors for Brinks Japan, a
joint venture between Nissho Iwai Corporation (at that time the sixth largest company in the world)
and Brinks Inc (a Fortune 500 US corporation). Currently Alex serves as an independent director on
the board of of Sinocloud Ltd, a Singapore listed company as well as on several advisory boards of
privately held companies and UHNWI’s investment arms. Shlaen’s Panache Management (PM)
represents companies that have superb and exquisite products that are outstanding in their niche
markets. PM is exclusively representing Aston Martin Interiors, Tonino Lamborghini Casa,
Formitalia design lines in Asia. He has written the Luxury Expert column in the regional Property
Report magazine since 2008 and in Palace magazine since 2013 and is published and appeared in
various regional and global major media and TV and chaired the panel of judges at the luxury regional
Asia Property Awards. Alex is also a serial investor, served on a panel at the Russia Singapore
Business Forum, St Petersburg Economic Forum and is a popular speaker in regional and
international investment forums.
n. Alireza Sarrafi, Advisor. With years of experience in the payments space and valuable partnerships
and experience with leading payments providers, Alireza is an invaluable asset to the AEXON
Project, bringing in the requisite eWallet, payments and financial transactions knowledge and savvy
to make this key component of the project a strong success.
- 42 -
14. Conclusion
14.1 Project Summary
The AEXON Project is a rare project that has already achieved quantifiable, real revenues in the business
world as well as having real off-take agreements that provide demonstrable profits through traditional
business operations and comes with solidly backed revenue streams that can be seen and calculated, as
opposed to most ICO/ITO offerings which are backed merely by white papers and theoretical concepts.
All of the AEXON roadmap offerings are proven technologies that exist in today’s society, but the AEXON
Project is uniquely capable of bringing all of these concepts, technologies and business uses together in one
offering that will be continuously upgraded, and can bring together everyone into an inclusive, efficient,
more empowered Community.
This is a tremendous opportunity to get into some of the fastest growing segments in the world with just
one participation in an Initial Token Sale, i.e. co-working spaces (leading growth segment of the real-estate
industry), as well as IT B2B services, and financial inclusion for the unbanked which number several
hundred million worldwide.
The utility tokens generated and sold through this offering will also have their own natural secondary
market, as concentrations of the AXN Tokens are required for entry into the AEXON Community as
merchants, and also offer utility of services and offerings such as access to hot-desks at the co-working
spaces, offices, and value added backend office services, as well as telecommunications subscriptions and
access to the value of new co-working space centres and locations. On top of that, AXN Token holders will
be able to tap into a community platform that will help them accelerate their business.
In order to enter into the market expediently and provide immediate value for its token offerings, the
AEXON Project will initially leverage transactions processing from leading global Third-Party Processors,
and regional prepaid programme leaders and technology providers.
Riding on the backbone of regulated financial industry leaders, AEXON physical and/or virtual tokens/cards
will allow the purchasing of airtime and the payment of bills domestically or across borders, as well as the
transmission of salaries across borders.
- 43 -
There will also be great benefits to employers and regulators by the reduction of cash in the economies, and
the enabling of large underserved segments of the population with little to no access to financial products
and services. Offerings such as prepaid programme cards are developed in the USA and Europe but still not
widely accessible and known in the ASEAN context, and will greatly accelerate ASEAN economies with
the subsequent ease of transactions with a vast uptick in financial access. Community inclusion will also
allow the previously underprivileged to gain market access and improve their lives faster than the normal
growth trajectories in such situations.
For the financial industry, blockchain technology introduces key benefits in terms of administration and
cost which also allow our services to reach the underprivileged, to whom financial services have up until
now been prohibited. Our solution will be compliant and should be welcomed by the banks.
14.2 Critical Success and Risk Factors

● Our Space
Our Space is currently launching three more new sites, at Leeds, Manchester, and Miami. The
flagship 22,000 sq ft unit at Dubai at the Lamborghini building launched in December 2017, and
the first unit at Marbella, Spain has been in operation since January 2017.
● Possible risks are competition and a change in the office consumption patterns of the digital nomad
generation. For example, in Singapore, fierce competition has arisen in the co-working space arena,
with entire buildings being blocked by competitors who sign exclusive agreements with the
landlords so that competitors in the same trade (of co-working spaces) are barred from entering into
that building as a tenant. However, our view is that the digital nomad behaviour pattern will not
change and therefore there will continue to be exponential demand for co-working spaces in key
gateway cities.
● ActivBM
ActivBM will leverage the physical platform that Our Space offers, to spread its presence globally.
All the functionality on the ActivBM platform provides the support that each member company
needs and the support team must be able to respond sufficiently to cater for all demands in each
operational function.
Risk factors for this business are poor service delivery by the ActivBM service providers, and an
inability to cater to the growing demand. Such risks are alleviated by having a standby panel of
- 44 -
service providers, and ensuring that Service Level Agreement KPI’s are properly set, monitored and
measured, and adhered to.
● AEXON SmartCard, Programme Card and AEXON Community Gateway
Success of the AEXON SmartCard, Programme Card and AEXON Community Gateway depends
on adoption, which will rely on solid marketing, changing consumer behaviour, and the ability to
not only solve a customer’s need but also to convince them of the value of the card – not just in
terms of saving money on transactions but in terms of convenience. WeChat Pay used brilliant
marketing by giving free red packets during the Lunar New Year period, and once people used their
ePayment solution, they captured huge market share and adoption. A second brilliant marketing
strategy that WeChat Pay utilised was to get hundreds of thousands of merchants to support their
8th August marketing drive (like Black Friday in the West), and this managed to draw even more of
the online crowd to their platform.
Partnerships that are attached to the payment types (such as partnering with Telco’s to enable billing
or OTT payments) will help to make this card indispensable.
The success of the KYC foundation process we are creating will provide a reliable, compliant
reputation for our card which will quickly become known amongst the communities who have
struggled with being officially recognised and allowed to use financial services in the past.
The ability for salary payments to be made directly onto the card is important because in this way
we can digitalise the spending of the previously unbanked populations.
● Generic Business and Operational Risks
Since the funds raised from the AEXON Initial Token Sale will be utilised in the ordinary course of
business in the stipulated projects, there are business and operational risks that will arise, and the
AEXON team is mindful of such and will take their best measures to mitigate the business and
operational risks within the scope of this White Paper.
● Regulatory Risks
It is the view of the AEXON Project team as well as counsel involved with the Project that the AXN
Token and AXN points generated for AXN Token holders do not constitute securities under the
meaning of the Singapore Securities and Futures Act, and also in relation to the United States’ SEC
- 45 -
position. However, to avoid the regulatory issues with respect to the United States position, the
AEXON Project will not be offered to citizens and/or residents of the United States of America.
With regards the Singaporean population, since the initial benefit of the AXN Token and AXN
points relates directly to Singapore, the AEXON team will make representations and start engaging
with the Singaporean regulators forthwith in order to reduce this risk factor. AXN Token sales will
not be offered to citizens and/or residents of the People’s Republic of China and to other jurisdictions
where ICO participation is currently illegal.
● Technical and Security Risks
Due care will be taken in terms of the technical development portions of this Project by engaging
and second-sourcing multiple skilled developers and consultants and service providers, and also
consulting with the technical advisors on the team as well as outsourced consultants.
Security will be very seriously considered and offline and online security is a critical factor that the
AEXON team is cognizant of and will take measures to mitigate, including the adoption of bounty
campaigns and engaging external security experts to consult on these issues.
● Financial Risks
In order to defend against any sudden regulatory shifts, the AEXON team will arrange for multiple
financial channels of receipt of funds and consolidation of funds in the approved jurisdictions that
allow or at the very least, do not ban cryptocurrencies. Qualified chartered accountants and corporate
finance specialists are in the team or will be onboarded, and external expertise sought and retained
in this regard.
14.3 Next steps
● Fund the licensing and implementation of our technology platforms including the processing services
from leading third-party providers;
● License, integrate and implement leading third-party web/mobile customer interface technology.
● Expand staff levels to implementation and then operational levels.
- 46 -
● Design and launch social media campaigns targeting domestic helpers to ensure a ready pool of pre-
qualified prepaid programme account holders prior to full launch, for beta testing of remittance
functionality.
● Initiate an aggressive “land grab” to fully leverage our early mover advantage in both Singapore and
surrounding ASEAN and neighbouring countries through strategic partnerships and organic growth.
● Strengthen capital base for development and improvement of Community Gateway, AEXON Programme
Card and SmartCard and AXN Token and Merchant and Loyalty Programme and card partner(s).
● Ensure expansion into other jurisdictions with a strong demand for co-working spaces in Asia-Pacific
countries.
- 47 -

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ONE

Serving the Gig Economy and the Digital Nomad

10.1 Token Utility ............................................................................................................................................ - 34 -

1.1 The AEXON Pledge

The AXN Token will operate on a payments and loyalty programme

1.2 Summary of Project

2.The AEXON Vision

We are collaborating with and entering into some exciting partnerships

3.Problems and Solutions

3.1 Summary of Problems and Solutions

3.2 Table of Community Served

Unbanked Entrepreneur Digital Nomad Investor

to digital payroll, legal team painless business to tokens required

community engagement “Node” capabilities

and integration to have business

Seeking Financial Peer Database Fast Exchange Can open Franchise

4.Creating Value and Proving Concepts

4.1 Building Blocks

4.2 Long Term Vision

4.3 Co-Working Office Space

4.3.1 Market Size

This working concept is

4.3.2 Potential and Value Proposition

Copyright ©2017 Gravitas Holdings (Pte) Limited

4.4 Technology Products

4.4.2 Potential and Value Proposition

4.4.3 Business Directory

Load Wallet capabilities:

4.6 AEXON Programme Card

4.7 Payment Gateway

4.8 The AEXON SmartCard

5.2 The Implementation of our AXN Token

Copyright ©2017 Gravitas Holdings (Pte) Limited

6.1 – Biometrics and KYC

A combination of voice-, iris scan and facial feature authentication.

6.2 – Data Security and Cybersecurity

Infrastructure build-out for AEXON

I) In-house private cloud, Data backup and disaster recovery provisions

II) Firewall provisions (HQ, Datacentre, and per office location)

· Virtual workstation implementation Virtual workstations for staff are to be implemented

7.2 AXN Points Use Cases

7.3 AEXON Exchange and AXN Token Secondary Market

7.4 Nodes and Franchises

7.5 Including and Serving the Unbanked

● Potential for Increase in value

o Onboarding of more merchants, more usage for AXN Points

● AEXON’s Token Buyback Plans

9. Partnerships and Corporate Structure

9.1.1 Cryptocurrency Exchange, ePayments, eWallet, P2P Payments

9.1.2 Our Space

9.1.4 Asia Law Exchange - ALX

9.2 AEXON Corporate Structure

9.3 Geo-Location Benefits

10.3 Token Design and Build

10.4 Token Specifics

Ticker Symbol AXN

Token Pre-Sale Start

Token Sale Start Date To be announced after Presale Closes

To be announced after Presale Closes or when the supply

Token Price 1 AXN Token = 1 US$

Total Percentage of all

Percentage of all AXN

Percentage of all AXN

Percentage of all AXN