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SUPPLY-CHAIN
ECOSC – WHITE PAPER
ABSTRACT
Almost all fiat and digital currencies lack the support of any tangible asset. Fiat currencies have
certain limitations such as: they are too frequently short-lived, they are highly vulnerable to the oft-
repeated cycle of inflationary pressures followed by dramatic revaluations, and they are exposed to
political control, monetary policy management and adverse political or economic events, and are
supported solely by the full faith and credit of the issuing nation.
Time delays and risk of non payments in cross border business transactions related to oil and gas
industry are creating an adequate need for effective and efficient technologies that help the industry to
manage the supply and demand of oil, gas and related products.
ECOSC Ltd. has introduced a new payment system to cater the need of cross border business
transactions. It will empower the oil, gas, mineral and renewable energy companies to use the platform
for communicating with small and medium enterprises and in turn will provide a fully verifiable and
audited asset reserve to ensure its value, stability and security as an emerging way of trade.
The ecosystem will be based on the blockchain technology in conjunction with smart contracts to
facilitate the business transactions related not only to the oil and gas but it would be catering the entire
supply chain of several other products such as metal, copper, silicon, and coal etc. The proposed
system will eradicate the traditional challenges of supply and demand such as transparency, cross
border payments, on time demand generation etc.
Every day, billions of companies and individuals use oil and gas to commute, work, heat homes and
offices and perform many other activities. We will buy and sell this oil and gas around the world. Our
teams will work to maximize the value of our products, secure supply to our refineries and transport
energy to consumer hubs, all while managing the related financial and logistical risks. We will be active
in many countries where we will deal with all aspects of oil and gas trading, including physical trading,
derivatives and shipping.
TABLE OF CONTENTS
Abstract ........................................................................................................................................2
Introduction .................................................................................................................................5
Executive Summary ...................................................................................................................5
About Us: The Story behind ECOSC........................................................................................6
Our Vision .....................................................................................................................................7
Market Analysis...........................................................................................................................8
Current State of Supply Chain Industry ................................................................................8
Current State of Oil and Gas Industry .................................................................................10
Market Insight of Oil and Gas Industry ...............................................................................10
The Market Opportunity .........................................................................................................12
Cryptocurrency market growth ............................................................................................14
Major Challenges ECOSC intends to Solve .........................................................................15
ECOSC Platform: A rebellion for supply chain ...................................................................17
Our Solution ...............................................................................................................................17
ECOSC Mission and Objectives .............................................................................................18
Use Case: ...................................................................................................................................19
How we are different from others? .....................................................................................20
Key Advantages of ECOSC Platform ....................................................................................21
EcoSC Usability .........................................................................................................................21
Swap Oil ......................................................................................................................................21
Cross border payments ...........................................................................................................22
Moving Forward ........................................................................................................................23
Technology Overview ...............................................................................................................25
The Blockchain Technology ....................................................................................................25
Smart Contracts .......................................................................................................................26
ERC 721 .....................................................................................................................................27
ERC 20 .......................................................................................................................................27
Technical Architecture ............................................................................................................27
Token Structure ........................................................................................................................28
ECOSCU (Utility Token) ..........................................................................................................29
ECOSCU Token Structure Details .........................................................................................29
ECOSC (Security Token)..........................................................................................................30
ECOSC Structure Details ........................................................................................................30
Business Model and Financial Highlights ............................................................................31
Business Model ..........................................................................................................................31
Financial Projections ................................................................................................................31
Business model for refinery oil barrel: ................................................................................32
Revenue Model ..........................................................................................................................32
Token Economics ......................................................................................................................33
Token Sale information ...........................................................................................................33
Token Distribution ....................................................................................................................33
ICO Phases ................................................................................................................................33
Funds Utilization .......................................................................................................................34
Marketing Strategy ..................................................................................................................34
The ECOSC Team ......................................................................................................................36
ECOSC Roadmap ......................................................................................................................38
RISK factors ..............................................................................................................................39
Legal Disclaimer .......................................................................................................................41
References .................................................................................................................................43
INTRODUCTION
Executive Summary
“EcoSC is a global, decentralized Supply Chain Management solution
on top of blockchain; that aligns stakeholders, vendors and buyers
around the strategic management of supply and demand outcomes,
with a widely acceptable currency”
A supply chain is a system of organizations, people, activities, information, and resources involved in
moving a product or service from supplier to customer. It is actually the heart of a company’s
operations. The approach often relies on technology to enable seamless exchanges of information,
goods and services across organizational boundaries.
The oil and gas industry is also a substantial part of a global supply-chain that includes domestic and
international transportation, ordering and inventory visibility and control. To make the best decisions,
managers need access to real-time data about their supply chain, but the limitations of legacy
technologies can thwart the goal of end-to-end transparency. New digital technologies that have the
potential to take over supply chain management entirely are disrupting traditional ways of working.
One such technology is blockchain.
Blockchain, a decentralized technology; leads the world to ‘Global Economy Transformation’ entered
and emerged as a tool for the next generation of money and finance. It has the electronic ledger system
which is being adopted for transactions, record keeping, financial management and corporate
governance etc.
Ethereum-powered blockchain technology is being adopted into oil and gas industry, the industry
which is generally considered slow to change. The Blockchain technology has the ability to utterly
transform the world’s unsustainable economic model and ECOSC is leading the front.
ECOSC Ltd. is offering an ecosystem of energy blockchain to empower the oil, gas, mineral and
renewable energy supply chain management system. The proposed system will eradicate the
traditional challenges of supply and demand such as transparency, cross border payments, on time
demand generation etc.
Through our platform we intend to manage swap oil, crude oil to refineries, sell all of products produced
from crude oil in refineries and will manage money and profit of investors to their credit cards and their
wallets to facilitate their daily needs.
ECOSC platform is enriched with modern technology revolutions such as blockchain based smart
contracts. To make the transaction easy and secure for both users as well as investors, ECOSC has
introduced dual token offerings. The users of the platform would be issued utility tokens 'ECOSCU' and
the investors will be granted with security tokens 'ECOSC'. The ECOSC team has a wealth of
experience in providing effective oil and gas supply chain management solutions. The team is working
with a mission to resolve forex transaction issues for trading of oil and gas through blockchain.
Therefore, the creation of a new settlement along with the existing Asian Dispersion Union, called the
ECO Energy Consolidation Union, and can be put forward in the Eco-Zone to address the current
economic and financial problems in the world.
In order to establish the ECO Energy Clearing Union or the International Energy Efficiency Union,
interested countries need to set up a new international Platform (ECOSC), and can simply understand
and agree on the existing international energy producers and consumers.
ECOSC is registered entity under the Malta Financial Services Authority (MFSA). The MFSA
is the single regulator for financial services in Malta. The owner of the company, Mohsen Najib, has
over 10 years of experience in various sectors such as Solar Energy, Oil and gas export/import and
Aerospace technologies. He is graduated from University of KPI Sciences and Magister of Aerospace
technology from Ukraine University.
Throughout his career he has been owner/part of several groups/companies in the field of research on
controlling and directing mini satellites to around of the Earth in coordination with NASA, trading of
petroleum products for large Iranian, Ukrainian and Russian companies. He has also established
minerals trading center in Middle East Asia.
The team working along with him is enriched with technology expertise, community development,
marketing and content expertise etc.
The ECOSC Project is aimed to help stakeholders, vendors and buyers to collaborate for managing
supply chain of oil & gas and minerals. ECOSC will solve many issues that industry is facing today. The
platform will reduce the participation of middlemen but assure that they will continue to be active in
the market and their role as a broker and intermediary between those who want to invest in their
liquidity.
OUR VISION
Innovating Supply Chain Management with a Blockchain empowered
currency!!
The "Vision" of ECOSC project is to introduce a new 'Supply Chain' that is built to provide credible
blockchain based tokens which in turn facilitates the seamless transactions and payment system. It
utilizes methodologies; that encourage and support infrastructure flexibility.
We are designing and developing a decentralized ecosystem integrated with a global coin (token) i.e.
ECOSC for individuals groups and companies. This smart solution will empower the entire network to
make transactions with a seamless execution process. The proposed ecosystem is intended to be
integrated with all programs and stores for the purpose of using available tokens to buy and sell their
products or services.
The ECOSC ecosystem can be integrated with different companies who wish to use our platform's
services, through Application Program Interface (API). This integration could benefit the stakeholders
in promoting their products and getting capital gains in return. The investment made by token holders
will be used for the purpose of investing in tangible assets so as to generate high income in a secured
manner.
ECOSC has been designed with a vision towards becoming the world's leading supply chain heaven and
tokenized store of value. By linking its tokens to existing and verified oil & gas assets, it intends to offer
a secure investment which carries utilitarian aspect as well.
MARKET ANALYSIS
Presently the supply chain management is passing through the transition phase. The path every
product travels from production to end consumer is in a state of transformation. Operations are
changing at very link in the supply chain. The current lifecycle of supply chain management is
becoming obsolete.
At every stage starting from defining the strategies at management level to execution and generate
profit needs technological boost which the entire world economy has witnessed in past couple of years.
According to a new market research report published by Credence Research, "Supply Chain
Management Market (By Component (Software (On-premise and Cloud-based) and Services
(Maintenance, Upgrade & Support), By End-use Vertical (Transportation & Logistics, Food &
Beverage, Retail, Automotive, Industrial, Electronics, and Others (Aerospace & Defense, Healthcare,
etc.), By Geography (North America, Europe, Asia Pacific, and Rest of the World)) – Growth, Future
Prospects, and Competitive Landscape, 2018 -2026", the global supply chain management market
was valued at US$ 12.96 Bn in 2017 and expected to expand at a CAGR of 12.3% during the forecast
period from 2018 to 2026.
Global Supply Chain Management Market Value an growth, 2016-2026 (US$ Bn) (Y-o-Y %)
12.96
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Therefore, a new currency unit will be set up instead of purchasing and selling energy based on an
unrelated currency unit. In fact, the new currency, which is based on the energy value of fossil fuels,
can have any nominal value.
·Gold: $170 bn
·Iron: $115 bn
·Copper: $91 bn
·Aluminum: $90 bn
·Zinc: $34 bn
·Manganese: $30 bn
·Nickel: $21 bn
·Silver: $20 bn
BIG OIL
The oil market is bigger than all raw metal markets combined
Oil
the global market for all This puts the oil market at
was 94 million barrels $ 1.7 trillion per year with today’s prices-
per day in 2015. far more than all raw metals combined!
$1,720B
Molybdenum $5B
Iron Gold
$115B $170B
Silver
$20B
$8B Platinum
Titanium #14B
$6B Palladium the world’s largest
The largest metal metal market by
market by tonnage dollar value is gold.
is iron ore. The physical market is
China alone consumes worth $170 billion per
1 billion tonnes per year year at today’s spot price
mostly to produce steel.
Oil demand and oil consumption have been rising steadily over the last decades. The United States is by
far the top consumer worldwide, responsible for approximately one fifth of the total global oil
consumption investing activities of the global mining industry, represented by the top forty mining
companies worldwide, from 2004 to 2017. In 2017, the mining industry's leading companies invested
approximately 46 billion U.S. dollars.
120
100 99.3
96.2 97.8
94.6
91.8 92.7
89 89.8
85.3 86.3 85.8 86.4
84.3
80
60
40
20
0
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
This statistic shows the daily demand for crude oil - including bio-fuels - worldwide from 2006 to
2017, and an estimated figure by the end of 2018. In 2010, global crude oil demand was 86.4 million
barrels per day. By Dec 2018, it is expected to increase to approximately 99 million barrels per day.
Peak demand
OPEC has cut its demand forecast for 2016 and has said global consumption will grow by 1.2 million
barrels per day, about 50,000 barrels per day less than it previously forecast. The IEA said it expects
growth in global oil demand will ease to around 1.2 million barrels per day in 2016, below the 1.8
million barrels per day expansion of last year, with demand growth expected to cool in China, the
United States and much of Europe. This takes no account of how much of current demand is for energy
security reasons (strategic stocks) or for financial reasons (oil reserves becoming preferable to dollar
reserves).
Blockchain Industry
The blockchain industry is growing at an exponential rate. The global blockchain technology market is
expected to grow at a compound annual growth rate of about 51% from 2016 to 2022 and is set to
exceed a market value of 2 billion EURO by 2022.
GLOBAL BLOCKCHAIN TECHNOLOGY MARKET
(2016-2022)
2.0
1.5
1.0
0.5
The statistics are quite overwhelming and exciting indicating the importance and potential of
blockchain technology.
The Cryptocurrency market cap now sits comfortably approx. the US$750 billion mark (01.10.2018),
according to CoinMarketCap.com. That shows how the Cryptocurrency ecosystem has evolved in
2017 alone and the tremendous rate at which it is growing.
The tremendous growth indicates that a lot of money is flowing into the crypto market. Some
economists and financiers are saying that cryptocurrencies are a bubble, but industry insiders predicts
that it's only going to get bigger as it gains more widespread acceptance. We think we are still in an
early-adopters phase, there is admittedly a lot of speculation in this market, but due to high volatility,
market swings are large and traders have to adjust their strategies in order to generate a profit.
With the globalization of trade there is increasing complexity in supply chains. This, in turn, increases
the amount of information asymmetry -such that information is unevenly distributed among
participating stakeholders within a supply chain. When these stakeholders have misaligned
incentives, such as the case in which participating stakeholders are different companies, there is no
incentive to provide complete information which contributes further to information asymmetry.
As a result, end-buyers of products have no economical way of authenticating what they are
purchasing, which creates ideal conditions for moral hazard and fraudulent behavior.
The major problem in the energy sector is that, there is no practical and omnipresent solution which
enables a consumer to pay for goods and services in digital currency and allow a vendor to receive an
immediate and guaranteed payment for a fixed amount of local fiat currency. Cross border payment is
another part of the problem in oil and gas sector.
Because oil and gas supply chain effects are so widespread, business operations absolutely cannot
suffer delays or disruptions. It leads to financial as well as business loss.
We offer a blockchain based Supply Chain Management solution for oil, gas and minerals industry; that
aligns users, stakeholders and investors, with a widely acceptable digital currencies. Our platform is
used for two purposes. One purpose is for investors who will invest on oil barrel (crude oil) and this
crude oil will be move to refinery to earn oil products (end products for selling) and these products will
sell via our platform. All supply chain from crude oil (barrel oil) to earn final products will do via our
platform and all process based on the blockchain technology with ECOSC token. Transaction system
will do by new system payment technology. All percentage of profit process crude oil to refinery to end
products will transfer directly in initial investor. Second purpose: is used for users like stakeholders,
investors, seller and buyers who will sell and buy crude oil and will want have secure business and
transaction cross borders and low fee for transactions. For platform users we offer ECOSCU (Utility
Token) and the investors will be facilitated with ECOSC (Security Token).This smart solution will
empower the entire network to make transactions with a seamless execution process. The proposed
ecosystem is intended to be integrated with all programs and stores for the purpose of using available
tokens to buy and sell their products or services.
The ecosystem is entirely based on Blockchain Technology in combination with Smart contracts. It
offers Traceable and trackable supply chain in secure and transparent manner. Blockchain based
payment system prevent the operations from the risk of fraud or error. Completely decentralized
access control and dual token offering makes it stand out of the crowd.
ECOSC Mission and Objectives
ECOSC Ltd. is being established with an aim to resolve forex transaction issue for trading of oil and gas
through blockchain. The ecosystem will include the design, planning, execution, control, and
monitoring of supply chain activities with the objective of creating net value, building a competitive
infrastructure, leveraging worldwide logistics, synchronizing supply with demand and measuring
performance globally through an integrated ecosystem. This system will utilize smart contracts made
for stakeholders and crypto currency traders which can help fund their new ideas through digital
currencies.
Use Case:
Please look at the below brief feasibility study of 7500 barrel OF OIL = 1000MT after
refinery:
For example: Turkmenistan fuel oil with 5% Sulfur by new technology CRAKING
technology in first step produce light crude oil, then produce NAPHTHA(MOGAS),
KEROSENE, GAS OIL(light and heavy) and BITUMEN.
CAPACITY: 1000MT = 7500 Barrel (BPD)
PRODUCTS (OUT PUT) = MOGAS (NAPHTHA 14%) – KEROSENE 10% - GASOIL 43% -
HEAVY GAS OIL 14%-BITUMEN 17% - LOSS 2%
Products market is Afghanistan and Pakistan also we can do swap to Persian Gulf for Indian
market.
Global price based on plats: all calculation have done base on plats price at 26 March 2018,
fuel oil 0.5% was 375.75 EURO in med price. 70EURO discount purchasing plus 30 EURO cost,
finally cost will be 335.75 EURO
FOR 1000MT PER DAY SHOULD BE 335750 EURO. SO:
NAPHTHA (14%) 140MT PD PLUS 28 MT ADDITIVE = 168 X 580$ = 97440 EURO
KEROSENE (10%) 100MT PD --------------------------------- = 100 X 520$ = 52000 EURO
GAS OIL (43%) 430 MT PD --------------------------------- = 430 X 500$ = 215000 EURO
GAS OIL (14%) 140 MT PD----------------------------------- = 140 X 480$ = 67200 EURO
BITUMEN (17%) 170 MT PD--------------------------------- = 170 X 270$ = 45900 EURO
TOTAL = 477540 EURO
RAW MATERIAL PRICE + PRODUCTION COST = 335750 EURO
477540 EURO – 335750 EURO = 141790 EURO BENEFIT PER DAY
General objectives:
•Single point of access to stakeholders, buyers and sellers
•To build an advanced ecosystem with adoption to crypto economy.
•To be the most cost-effective and easy to use platform to facilitate end users and potential investors.
•To eliminate the risks involved in cross border payments by introducing blockchain based payment system
•To accelerate mass adoption and increase trustworthiness of Cryptocurrency market by providing
trusted sources of data and business proposals made by startups for the purpose of potential investments.
The platform intends to bring together all small and large businesses in the field of oil and gas,
comprehensive network of road transport, railways and shipbuilding to reduce the high cost of
transferring money and converting them, which itself costs a lot.
Marketing oil and gas all over the world at the right price means managing two important
variables:
• Financial markets and price risks linked to market volatility, which depends on a
number of economic, geopolitical and even climate-related factors.
• The organization of shipping from production areas to consumer hubs worldwide
under optimal safety conditions and in a timely, cost-effective way.
To overcome these challenges, our trading & shipping teams around the world work in close
collaboration with Upstream and Downstream business segments, forming a one-stop shop for oil and
gas markets. This optimizes transactions and means that we are equipped to offer tailored solutions to
a wide range of players, from producers, transporters and refiners to financial institutions and
industrial firms.
We will trade with an extensive global network of partners every day, affording us a highly diversified
range of resources and supply sources to complement our production volumes. This maximizes the
chances of selling both our own and our partner producers’ production while securing supply flows to
our refineries and our distribution system.
All management and training will be done by the high end professionals around the world.
TRADING: MAXIMIZING THE VALUE OF OUR OWN AND OUR CUSTOMERS’ ASSETS Every day, our
traders will deal in oil and gas markets. Their goal is to maximize the value of our production, supply our
refineries under the best market conditions and import and export products to match supply to demand
in local markets. In addition, they have the crucial responsibility of managing risks, in particular to limit
our exposure to sometimes extreme price fluctuations.
Thanks to our expertise and experience in oil markets, we have developed monitoring and decision-
support tools at the cutting-edge of trading. Our teams enjoy a global view of real- time flows and
segment information, around the clock. As a result, we can respond to developments with the agility
needed to maximize the value of our own assets and those of our customers.
ECOSC
7500BBL ECOSC PLATFORM
ECOSC
100000BBL
ECOSC
5000BBL
The other most important component, which will be added in the future, is Trading Liquefied Natural
Gas (LNG)”
Long controlled by State-owned companies, the European gas industry was largely privatized during
the 2000s. This development paved the way for the creation of a free market for LNG trading. ECOSC
will be one of the companies to have seized the opportunities presented by this emerging market.
In line with our strategy, we work to anticipate the launch of new liquefaction projects and
to maximize the value of our LNG portfolio in every market.
LNG trading relies on a very broad range of skills, including arbitrage, one of our longstanding areas of
expertise. The purpose of arbitrage is to redirect shipments in response to opportunities created by
local demand and prices while managing shipping, price, currency and interest rate risk.
SHIPPING: TRANSPORTING OIL AND GAS
Our shipping system organizes the transportation of oil and gas from production areas to major
consumer hubs and all that based on blockchain technology. They select and charter the safest vessels
to ensure that cargo is shipped in the most timely, cost-effective way and, naturally, under optimal
safety conditions. Leveraging a leading maritime transportation network.
In 2017, we chartered nearly 3,000 vessels to transport 133 million metric tons of crude oil and
refined products. We maintain a permanent fleet of nearly 60 time-chartered vessels. We apply one of
the most rigorous selection processes in the oil industry for every ship we use, especially those in our
fleet. To make sure each vessel meets our standards, our vetting process notably evaluates the
condition of the equipment, ship maintenance, crew quality and operating procedures on board.
TECHNOLOGY OVERVIEW
The Blockchain Technology
Blockchain – a term that has been growing in use for a while now, but what is Blockchain
exactly and what role will it play in the future logistics or Supply Chain management?
Blockchain is a technology for decentralized storage of transactional data. The storage of a transaction
is organized in so-called blocks, while following transactions are stored in new blocks, the sum of
several blocks makes up a chain; a logical sequence of transactions. Every transaction contains a
timestamp and is secured by a crypto logic process. This chain works like a database which is updating
information continuously, with the difference that the chain is stored on every hard drive or computer
that is part of the Blockchain network. All changes are recorded and encrypted, in real-time and in an
audit proof way. Additionally, the changes are authenticated based on the consensus principle. This
means that all members of the network can verify transactions at any time. Blockchain is a technology
for decentralized storage of transactional data. The storage of a transaction is organized in so-called
blocks, while following transactions are stored in new blocks, the sum of several blocks makes up a
chain; a logical sequence of transactions. Every transaction contains a timestamp and is secured by a
crypto logic process. This chain works like a database which is updating information continuously, with
the difference that the chain is stored on every hard drive or computer that is part of the Blockchain
network. All changes are recorded and encrypted, in real-time and in an audit proof way. Additionally,
the changes are authenticated based on the consensus principle. This means that all members of the
network can verify transactions at any time. Blockchain technology is all about the distributed public
general ledger. This is what makes it perfect for Supply Chain management. One of the biggest
problems faced by companies with complex supply chains is a lack of transparency.
Blockchain technology is all about the distributed public general ledger. This is what makes it perfect
for Supply Chain management. One of the biggest problems faced by companies with complex supply
chains is a lack of transparency.
Sometimes, if you have multiple suppliers across multiple states and countries, it can be
hard to keep track of everything. Pinpointing issues can be difficult because of all the
moving parts. This is where something like blockchain can shine.
Because of the way transactions are recorded and tracked using blockchain technology, it makes it
much easier to see everything happening in real time. It’s possible to monitor transactions, and the
distributed ledger means that you get updates and see what happening is every step of the way.
Members of the network can see what’s going on as it happens. Plus, this system helps keep
all those involved accountable for their end of the bargain. It’s a great way to get the whole
picture, as well as drill down to individual aspects of the supply chain.
Smart Contracts
A smart contract is a piece of software that contains rules and regulations for negotiating the terms of
a contract. It automatically verifies the contract and then executes the agreed upon terms.
And when this smart contract’s centralized code is made decentralized for execution purposes on the
Ethereum blockchain, it becomes a smarter contract.
Coding and executing smart contracts on the Ethereum blockchain makes them immutable
and independent from centralization. A smart contract has the following characteristics:
•Self-executing
• Immutable
• Self-verifying
• Auto-enforcing
• Can remove third parties or escrow agents
Smart contracts help eliminate some of that uncertainty and lag. Smart contracts are autonomous and
automatic. That reduces the potential for human error and increases your access to timely and
valuable information.
TECHNICAL ARCHITECTURE
Ethereum powered blockchain in conjunction with smart contacts makes the architecture of ECOSC
unique, transparent and secure. The parties involved in business can get the access of the terms of the
agreement anytime through smart contracts. On top of that, the agreements enforce themselves. In
order to move forward, certain expectations have to be met. When the signatories meet those
expectations, the contracts are automatically fulfilled.
The ERC-721 and ERC-20 standards make the system more robust in terms of its utility as
well as security. For different user base separate application access is provided to reduce
the time delay.
TOKEN STRUCTURE
ECOSC is a global, decentralized Supply Chain Management solution on top of blockchain; that aligns
stakeholders, vendors and buyers around the strategic management of supply and demand outcomes,
with a widely acceptable currency. To achieve this goal ECOSC has introduced two tokens on the
Ethereum blockchain: ECOSCU (Utility Token) and the ECOSC (Security Token).
ECOSCU (Utility Token)
ECOSCU tokens are investing indirect in oil refinery from A to Z for sell them in global market and used
to engage users with various activities such as production, planning, finance, tracking etc.
• Doing all process from buy oil barrel and move those to refinery and then sell in global
market in our platform with new technology payment and unit widely token.
• The platform user, who wishes to trade through ECOSC, gets access to the platform
through ECOSC blockchain.
• To protect the interest of each party involved needs to get into agreement. That will be
done using smart contracts.
• On Successful ‘know your consumer’ (KYC) verification the user gets interacted with
internal exchange.
• The team of analysts working behind the scenes evaluates the potential of the
enterprise/company, who wish to trade through ECOSC Platform.
• Authorized companies get listed on the Exporter/vendor panel, based on ratings
provided by the analysts the sequence of the listing gets defined.
• On the other side of platform, the buyers also register themselves on the portal.
• Basis their buying interest enterprises/companies/individuals convert fiat currency to
ECOSCU tokens to execute the plan and enter into the smart contracts.
• The team of analysts also evaluates the buying potential of the enterprise/company/
individual and authorizes them to get listed on buyer panel.
• The sequence of the listing gets defined on the basis of their ratings.
ECOSCU Token Structure Details
ECOSCU tokens are solely a digital product sold for use in the ECOSCU tokens platform only.
•ECOSCU tokens are a loyalty/utility token that is sold at a fixed price (e.g. 1 EURO)
directly by ECOSC Ltd.
•Platform participants can purchase ECOSCU tokens using fiat currency (e.g. credit card,
Debit Card) or ETH/BTC/LTC
• ECOSCU tokens are available via the ECOSC website and through the ECOSCU tokens
enterprise sales team
• ECOSCU tokens are an Ethereum-based token that allows complete transparency into
the quantity of tokens generated and sold
• No tokens will be sold to investors for speculative purposes and no listing on secondary
exchanges will be pursued.
ECOSC (Security Token)
ECOSC will be a security token as defined by SEC regulations that entitles token holders to
equity ownership in ECOSC and the right to receive 10% of the revenue generated by the
sale of ECOSC tokens.
ECOSC Structure Details
• Provides equity ownership in ECOSC and 10% revenue royalty stream in the sale of all
ECOSCs
• 10% of total token sales will be a revenue royalty stream that is paid in ETH directly to
the wallets of ECOSC holders
• The ECOSC allows for complete transparency on the quantity and price of ECOSC tokens
that are sold, and thus provides complete transparency and verifiability of the royalty
revenue that is payable to ECOSC token holders
• ECOSC will be sold in the pre-sale process via a MFSA regulation
• The value of ECOSC will be linked to ECOSC company growth and investor expectations
of growth in future royalty revenue of the ECOSC ecosystem
• ECOSC will seek listings for ECOSC on security token exchanges
ECOSC endeavors to become the most trusted and accepted form of legally compliant, supply chain
digital currency in circulation. With a defined, audited and regulated real world asset (oil & gas)
base, ECOSC will be far more stable and reliable than other leading digital currencies and should
see wide embrace and acceptance by investors, buyers and sellers.
Financial Projections
PRE-ICO SOFT CAP 1 MILLION EURO ICO SOFT CAP 4 MILLION EURO
PRE-ICO HARD CAP 3 MILLION EUROICO HARD CAP 10 MILLION EURO
Business model for re inery oil barrel:
Revenue Model
ECOSC ltd. generates revenue from offering various services to the investors, buyers and
vendors both. The buyers, who come and purchase through our system and then use our
payment system, have to pay certain service charges
For vendor who trade using our platform we will charge certain percentage of transaction
for using our services.
And investor who will catch profit from refinery one oil barrel to final oil products and sell
them in global market and get high profit from best and competitive prices and earn
percentage from our widely system payment transaction.
TOKEN ECONOMICS
Token Sale information
PRE-ICO DETAILS
TOTAL TOKEN SUPPLY ........................................................5 BILLION
ECOSCU TOKENS .................................................................2 BILLION
PRIVATE INVESTOR PHASE ......................FEB 10 TH TO FEB 20 TH
PRE-ICO START DATE ....................................................20- FEB- 2019
PRE-ICO END DATE ........................................................30- MAR-2019
1 ECOSC (DURING PRE ICO) .............................................0.20 EURO
1 ECOSCU (NOT FOR SALE DURING ICO) ............................1 EURO
Token Distribution
ICO DETAILS
Phase 1 Phase 2 Phase 3 Phase 4
Start Date 01-Apr-19 22-Apr-19 11-May-19 1-Jun-19
End Date 20-Apr-19 10-May-19 30-May-19 30-Jun-19
Price €0.25 €0.25 €0.25 €0.35
TO
Funds Utilization
Marketing Strategy
ECOSC is a revolution in the world of Supply Chain oil & gas products and Cross Border
Payments. It can explode in a huge success by employing innovative marketing strategy. The
presence of highly experienced specialists in the team will allow us to implement an effective
multi-channel marketing campaign to attract customers. ECOSC has employed a team of
marketing experts who will be assisted by ECOSC marketing advisor.
There are many factors that influence its marketing strategy, in particular word of mouth
and social media. These factors also tend to evolve and change as the business matures.
Therefore, ECOSC will deploy a tiered and strategic marketing approach in order to ensure
continued stability and growth of the platform. The ECOSC marketing strategy is built on
the pillars of integrity, and visibility. We shall adopt following marketing channels;
Affiliate Programs: Using the extensive experience and associations of our partners and team
members, we will build partnerships with various Affiliate networks to generate the leads. Also, we
will launch our internal affiliate program. We desire to reward those, sharing their affiliate links to
friends, family members, and business colleagues.
Airdrops and Bounty Program: ECOSC blockchain will regularly give out tasks to willing users
during token sale. Those who participate in the tasks will be given some tokens. The tasks could include
sharing some updates on Telegram or other social networks.
Social Media Marketing: Digital marketing has turned a lot of businesses into a success. That is why
we will use the entire tools social media has to offer. We will deploy the company’s representation and
support not only in Facebook and Twitter, but also in such thematic communities as: Telegram,
Instgram, Reddit, Weibo, WeChat BitcoinTalk, And so on. We intend to use major blogs that discuss
issues concerning cryptocurrencies and entertainment like Medium and Hackernoon
E-mail Marketing: The main purpose of using email marketing in our strategy is to
increase the conversion rate of other marketing channels. We will collect email addresses
of potential customers using Display Advertising or Affiliate Marketing and build email
communication with existing customers to expand our customer base.
We will be using Town hall meetings, Mainstream Media. We intend to use Television Stations, Radio
stations, Erecting billboards in major cities in the world. All in all, we will ensure that ECOSC is used by
a large chunk of the world's population.
ECOSC Roadmap
RISK factors
The purchase of ECOSC & ECOSCU carries with it significant risk. Prior to purchasing ECOSC &
ECOSCU, the User should carefully consider the below risks and, to the extent necessary, consult a
lawyer, accountant, and/or tax professionals prior to determining whether to purchase ECOSC &
ECOSCU. In particular, but not concluding, the User understands the inherent risks listed hereinafter:
Risk of software weaknesses: The User understands and accepts that smart contract system
concept; the underlying software application and software platform (i.e. the Ethereum Blockchain) is
still in an early development stage and unproven. Thus there is no warranty that the process of creating
and distributing ECOSC & ECOSCU will be uninterrupted or error-free and there is an inherent risk that
the software could contain weaknesses, vulnerabilities or bugs causing, inter alia, the complete loss of
funds and/or ECOSC & ECOSCU.
Regulatory risk: The User understands and accepts that the blockchain technology allows new forms
of interaction and that it is possible that certain jurisdictions will apply existing regulations on or
introduce new regulations addressing blockchain technology based applications, which may be
contrary to the current setup of the smart contract system and ECOSC Platform. This may result in
substantial modifications of the smart contract system and/or the ECOSC Project, including its
termination and the loss of ECOSC & ECOSCU for the User.
Risk of abandonment / lack of success: The User understands and accepts that the creation of the
ECOSC & ECOSCU and the development of the ECOSC ecosystem may be abandoned for a
number of reasons, including lack of interest from the public, lack of funding, lack of commercial
success or prospects (e.g. caused by competing projects). The User therefore understands that there
is no assurance that, even if the ECOSC Project is partially or fully developed and launched, the User
will receive any benefits through the ECOSC & ECOSCU held by him/her.
Risk associated with other applications: The User understands and accepts that the
ECOSC Project may give rise to other alternative projects, promoted by unaffiliated third
parties, under which ECOSC & ECOSCU will have no intrinsic value.
Risk of theft: The User understands and accepts that the smart contract system concept, the
underlying software application and software platform (i.e. the Ethereum blockchain) may be exposed
to attacks by hackers or other individuals that could result in theft or loss of ECOSC & ECOSCU,
BTC or ETH, impacting the ability to develop the ECOSC Project.
Risk of Ethereum mining attacks: The User understands and accepts that, as with other
cryptocurrencies, the blockchain used for the smart contract system is susceptible to mining attacks,
including but not limited to double-spend attacks, majority mining power attacks, “selfish-mining”
attacks, and race condition attacks. Any successful attacks present a risk to the smart contract
system, expected proper execution and sequencing of ECOSC & ECOSCU transactions, and
expected proper execution and sequencing of contract computations.
Risk of incompatible Wallet service: The User understands and accepts, that the wallet
or wallet service provider used for purchasing ECOSC & ECOSCU, has to be technically
compatible with the ECOSC & ECOSCU. Failure to assure this may have the result that User
will not gain access to his/her ECOSC & ECOSCU.
Risks related to Amendments: Amendments to the ECOSC Platform’s protocols and software, if
accepted and authorized by the ECOSC Platform’s community, could adversely affect ECOSC &
ECOSCU. The ECOSC Platform governs the peer-to-peer interactions between computers connected
to the ECOSC Platform. To the extent that a significant majority of the Users on the ECOSC Platform
install software upgrade(s), the ECOSC Platform would be subject to new protocols and software that
may adversely affect ECOSC & ECOSCU.
Risks related to intellectual property rights claims: Intellectual property rights claims may
adversely affect the operation of the ECOSC Platform. Third parties may assert intellectual property
claims relating to the holding and transfer of digital assets and their source code. Regardless of the
merit of any intellectual property or other legal action, any threatened action that reduces confidence
in the ECOSC Platform’s long-term viability or the ability of end-Users to hold and transfer ECOSC
& ECOSCU may adversely affect the value of ECOSC & ECOSCU. Additionally, a meritorious
intellectual property claim could prevent ECOSC and/or other end-Users from accessing the ECOSC
Platform or holding or transferring their ECOSC & ECOSCU.
LEGAL DISCLAIMER
Please read this disclaimer section carefully. 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).
This is a conceptual document (“White Paper”) describing our proposed ECOSC platform and ECOSC
& ECOSCU tokens. It may be amended or replaced at any time. However, we are under no
obligation to update this White Paper or to provide the recipient with access to
This Whitepaper, any part thereof and any copy thereof must not be taken or transmitted to any
country where distribution or dissemination of Token Sale like the one described in
this Whitepaper is prohibited or restricted.
ECOSC & ECOSCU tokens (as described in this White Paper) are not intended to constitute
securities or any other regulated product in any jurisdiction. This White Paper does not constitute a
prospectus nor offer document of any sort and is not intended to constitute an offer or solicitation of
securities or any regulated product in any jurisdiction. This White Paper has not been reviewed by any
regulatory authority in any jurisdiction. any additional information. This White Paper is for discussion
purposes only.
This White Paper does not constitute advice in relation to whether you should participate in the ECOSC
platform or buy any ECOSC & ECOSCU tokens, nor should it be relied upon in connection with any
contract or purchasing decision. Without limitation, no representation or warranty is given as to the
achievement or reasonableness of any forward-looking or conceptual statements. Nothing in this
document is or should be relied upon as a promise or representation as to the future. To the fullest
extent permitted under applicable law, all liability for any loss or damage whatsoever (whether
foreseeable or not) arising from or in connection with any person acting on this White Paper, or any
aspect of it, notwithstanding any negligence, default or lack of care, is disclaimed. To the extent
liability may be restricted but not fully disclaimed; it is restricted to the maximum extent permitted by
applicable law.
This White Paper is provided in an official English version only. Any translation is for reference
purposes only and is not certified by any person. If there is any inconsistency between a translation and
the English version of this White Paper, the English version prevails.
Other than ECOSC, the use of any company and/or platform names and trademarks does
not imply any affiliation with, or endorsement by, any of those parties. References in this
White Paper to specific companies and platforms are for illustrative purposes only.
ECOSC makes no warranties or representations as to the successful development or implementation
of such technologies and innovations, or achievement of any other activities noted in the paper, and
disclaims any warranties implied by law or otherwise, to the extent permitted by law.
REFERENCES
http://www.tampabayreview.com/news/supply-chain-management-market-share-size-
growth-trends-industry-analysis-forecast-2025-credence-research/14743/
https://www.statista.com/statistics/271823/daily-global-crude-oil-demand-since-2006/
https://blog.apla.io/blockchain-ecosystem-what-is-it-about-3abefc8153d9
https://coinmarketcap.com/charts/