ABSTRACT

The emergence of cryptocurrencies has stunned the world and turned the
traditional law of market behaviours on its head. After years of experiments,
bubbles and fading, the cryptocurrency market continues its general elasticity
despite all its uncertainties. It is unprecedented that cryptocurrency has
achieved a huge turnover in a relatively short period of time. As the pioneer of
cryptocurrency, Bitcoin has taken the cryptocurrency market to where it is
today.

Presently, cryptocurrency market is relatively small in comparison to the world

amount of trade in traditional currencies, with the daily volume trading at
Forex market assessed at more than USD 5.1 trillion. Even with the current
development rate of 1,500 cryptocurrencies and a market capitalization of
USD400 billion, the possibilities of rapid growth presen t ma s s ive
opportunities to serve within an exchange market over the next 2-3 years.
Present exchanges that exist in the marketplace have struggled to keep up with
this explosive growth and extraordinary demand from the hundreds of
thousands on new market entrants.

In January 2014, the market value of Bitcoin was USD 10.2 billion, taking up
89% of the total cryptocurrency market value. By January 2018, the market
value of Bitcoin had hit USD 192billion but taking up only 33.4% of the total
cryptocurrency market value.i

Other cryptocurrencies on the market have gradually surpassed Bitcoin in

terms of appreciation space. Unlike conventional currencies (“fiat”) such as the
US Dollar and Ringgit Malaysia which are issued and controlled by central
monetary and regulatory institutions, cryptocurrencies use Blockchain
technology to ensure transactional security.

Originally developed as the accounting method for Bitcoin, Blockchain is a

digitized, decentralized, public ledger of all cryptocurrency transactions.
Constantly growing as ‘completed’ blocks, transactions are recorded and added
in chronological order (forming ‘blocks’ of transactions), allowing market
participants to keep track of digital currency transactions without any central
recordkeeping. Each node (a computer connected to the network) obtains a
copy of the Blockchain, which is downloaded automatically and updated
currently, as the technology is primarily used to verify transactions using
digital currencies. It is also possible to digitize code and insert

G o D i g i t DA E W h i t e p a p e r
In January 2018, the global number of users registering cryptocurrency had
reached its peak, which affected the verification time of user registration. Many
leading trading platforms were forced to stop the registration of new users, or
to take restrictive measures to slow down the growth of new users, in order to
allow more time to upgrade their website systems. This resulted in many users
voicing their complaints on social media about the failures and slow
transaction speeds of these platforms.

There are a number of cryptocurrency trading platforms which had suffered

dire consequences due to the growing numbers of cryptocurrency users. For
instance, Binance suspended all cryptocurrency trading due to an influx of user
data into the server in February 2018.ii Many experts saw this as an
unprecedented electronic revolution with increasing demands by the market to
meet the cryptocurrency trading requirements.

GoDigit intends to position itself as a high-tech cryptocurrency trading

platform that integrates the strengths of diversified trading platforms in order
to fulfil the demands of the cryptocurrency market.

With the enormous development of the Blockchain technology, new

opportunities have emerged in the industry with foreseeable participations
from seed capitalists, angel investors, small and medium enterprises (SMEs)
and multinational corporations (MNCs). This is largely due to the fact that the
cryptocurrency space can offer borderless markets that could not otherwise
exist with conventional and traditional currency and trading systems.

The attractive and advantageous features of the Blockchain and

cryptocurrencies has generated a heightened interest worldwide, with massive
numbers of public offerings leading to more than 2,000 new cryptocurrencies
being created and traded on a daily basis. This in turn has led to high returns
for many investors. The overall cryptocurrency trading transaction volume has
grown significantly in the past few years, with users trading on projects that
are specifically built on decentralized platforms.

G o D i g i t DA E W h i t e p a p e r
P ROJ EC T
DESCRIPTION
& EXPLORER
 A B O U T
GoDigit is an advanced blockchain platform which builds and improves the
basic functionality of pioneering cryptocurrencies such as Bitcoin. GoDigit
token (GIT) keeps to the ERC20 token standard and runs on the Ethereum
blockchain natively. GoDigit revolutionizes the financial technology,
crowdfunding and governance industries by providing not only the
groundbreaking GoDigit cryptocurrency, but also a powerful, modular tool-set
to build with in any way GoDigit users can imagine. It also creates
environments for financial regulators to manage and operate their business
through blockchain smart connectivity. GoDigit’s world-class digital asset
exchange is currently under rapid development. This exchange will use the GIT
token to power it, including listing and exchange fees, which should increase
the token’s demand and value.

PROJECT DESCRIPTION
GoDigit aims to develop and establish a world-class crypto exchange, utilizing
its native cryptocurrency (GIT) as a medium to pay transaction fees in the
exchange platform

PAYMENT INTERNET OF DEBIT CARD TRANSACTION

SOLUTION VALUE SOLUTION FEES
A fast and user GoDigit’s Directly managing GIT Tokens will be
friendly e- blockchain your debit card used as a medium
payment system to technology portfolio using to pay transaction
process various represents the GoDigit’s fees in the
payments next generation of tokens/cryptocurr upcoming GoDigit
the IoV ency Exchange

G o D i g i t DA E W h i t e p a p e r
 GODIGIT BLOCKCHAIN EXPLORER

Ethereum Smart Contract ID #

0x1D0582FA759E4B9BEab4F6F82CC539ac62C49250

G o D i g i t DA E W h i t e p a p e r
V I S I O N
 GODIGIT VISION

GoDigit Exchange Prototype

GoDigit’s primary vision is to create an advance and intuitive digital asset
exchange interface with crypto-to-crypto, crypto-to-fiat, fiat-to-crypto
trading facilities, real time orderbooks, charting tools, trade history, a simple
order process, market protections from malicious traders, advanced security,
and 24/7 reliable customer support and so you can trade from day one at ease.
We have many more plans and goals than just these few, but these are the main
features we aim to incorporate before GoDigit Exchange launching. Everyone
will want to trade on GoDigit Digital Asset Exchange in 2019, which should
force other exchanges to provide better services, thus creating a better
community for digital assets.

G o D i g i t DA E W h i t e p a p e r
 Why participate in an exchange ICO vs a new
blockchain ICO?
Cryptocurrencies are booming and new coins/tokens are being made each day.
Over 4 billion USD worth of crypto is traded each day. Bitcoin accounts for
around 35-45% of that volume! Most of the well know exchanges worldwide
have trading volumes above $200 million per day. There is a lot of crypto being
traded daily but compared to forex daily volume ($5 trillion), crypto has a lot of
room to grow. This is a perfect time to establish a crypto exchange.
New blockchain’s are being made weekly, and pretty soon, daily. There have
been 1000’s of digital coins/tokens since the birth of BTC. How many of those
1000’s do you actually use each day, not including trades?

Your answer is probably around 1-10. That number is low, mostly because
1000’s of coins are clearly scams, pump and dumps, and the rest have
outdated technology, or never got integrated anywhere. Investing into a new
blockchain could pay off, but it’s a huge gamble because a better coin could be
made at any time.

In just one year, an exchange handling $200 million in trades per day will
have processed $73 billion in trades. That is more than 99% of every altcoin’s
market cap combined! This doesn’t tell us much other than showing that
exchanges are used a lot. We think a quality exchange is needed and is more
beneficial than creating another blockchain, Additionally an exchange has
better odds of being around decades into the future versus the majority of
altcoins.

G o D i g i t DA E W h i t e p a p e r
E XC H A N G E
PROBLEMS
&
SOLUTIONS
 Exchange Problems and Solutions
Below are just a few issue we see with current and new exchanges, along with a
short explanation of our solutions.

#1 ) Lack of good customer support

Most of GoDigit’s team is made up of cryptocurrency investors and traders

that use common exchanges listed in the CMC. With most of these exchanges,
you get no immediate customer support and instead they make you wait for an
email response that could take days or weeks. Some traders may never need
customer support, but when something goes wrong and you do need urgent
help, few of these exchanges will be there to help.

Our Solution
Option 1: Support categories and limiting users who abuse the
system

This will be our initial approach to customer support. We want to be prepared

for massive migration to our platform, and will be hiring 50-200 customer
service agents, costing up to $5 million a year.

Support with categories isn’t new and so is limiting users who abuse the
system. The idea is to provide different levels of urgency for a support request.
If a user needs urgent help, they can select urgent and be connected
immediately to an agent via email, chat or phone. A user can also choose other
levels of urgency to get a response within the day, a few days, or a week via
email. The catch is, however, a user could be banned from using urgent or
semi-urgent support if they abuse the system. Abuse would be choosing not to
wait a few days for a response on an issue that clearly wasn’t an urgent
problem, or wasn’t going to cost a user money. (Typically, questions that could
be answered using our knowledge base). If our agents think a issue using
urgent support would not qualify as urgent, then our agent would ban the
users account from urgent support for a few days up to a few weeks. When/if
this happens, management would review the support case and verify if the
agent was correct or not.

G o D i g i t DA E W h i t e p a p e r
Option 2: Offer support with categories and require a deposit

If our support system ends up being abused too often or it costs GoDigit more
than we make in revenue to support all of our users, then we will use this
option. This is the same option as above, except we would charge users a small
fee to initiate any urgent customer support. The fee would be around $1-5. The
fee would be refunded after the initial contact if the support case was indeed
an urgent Issue. If not, we will keep the deposit to pay our support agents.

Option 3: Pay for urgent support or manager support

As a last resort, we feel it would be better to have users pay for urgent support
instead of not offering it at all. Therefore, if the time comes that we can’t afford
to keep urgent chat, email and phone support, then we will work out an
average cost per case based on previous analytics. This amount, shouldn’t be
too expensive, we estimate it would be in the $1-5 range.

In the end, we understand that if our platform runs perfectly, then a vast
majority of users should never need to contact us. Having too many support
issues would usually mean we have a problem with our software and need to
fix it. Before using options 2 and 3, we would make sure there is nothing wrong
with our systems first.

G o D i g i t DA E W h i t e p a p e r
#2 ) Low liquidity (mostly new exchanges)
There is one main issue with new and smaller exchanges: very low liquidity. It
could take years for a small exchange to get enough users to increase the
liquidity on their books. It’s the main hurdle new startup exchanges have to
face. They may have a better platform with a few more features, but it may take
years for users to migrate to the exchange since they can’t offer the volume
users need to trade without massive price swings. To increase their order book,
some exchanges offer zero-fee trades, or even pay for users to trade on their
exchange!

Everyone loves free trades, but it’s not financially practical. Like we said above,
customer support should cost $5 million or more, and a team of 75 managers
and developers would cost around the same. How will an exchange pay their
employees, or pay for better tech, servers, security, insurance, or other
overhead costs if they charge really small fees? Some will say, “less fees, more
users, more volume, more profit”. Sure, that may work for a while, but
eventually the cost per user will overtake the revenue per user, if the company
scales up as users increase.

G o D i g i t DA E W h i t e p a p e r
 Our Solution
Exchange connections:

Connecting to other well know exchanges and sharing order books will be our
solution. We have many options for connections, and you can read more about
them in our longer white paper. The basic idea is to use backend API
connections to trade users orders on other exchanges if the volume is not
available between GoDigit traders. Everything is handled on our trading
engine with under 1 sec execution times. Users don’t have to specify anything
when trading, our engine will automatically get them the best trade possible
from our exchange or the exchanges we connect with.

These connections also double as protecting our users from flash crashes. By
offloading massive orders equally across all connected exchanges, a malicious
trader would have to place huge trades to get a coins price to drop low enough
to cascade margin calls and stop loss orders.

#3 ) No market information

Almost all exchanges provide no market information or insight. Go to any

exchange and look for information on assets such as Bitcoin, Litecoin, or
Ethereum and you will find that they probably don’t tell you what it is, how the
coin or asset works, what makes it popular, where is it being used, or what its
roadmap is for the future. You can even visit the asset’s website and not find all
of that information. We agree that users need to do their own research on
assets, but we also think that an exchange should provide information on coins
that are trading on their platform and keep that information up to date with
any news. This allows for an informed trading market instead of an impulsive
market.

Our Solution
Create a trading information center:
We will be adding a place for traders to research coins, projects, teams and etc.
It’s basic knowledge that traders should have before investing into any altcoins.
We also want to provide more intel on where the majority of traders think a
coin’s price is headed. We may integrate a platform like santiment for this.

G o D i g i t DA E W h i t e p a p e r
#4 ) Market manipulation

Trading crypto is awesome. However, crypto trading is full of market

manipulations. You have tons of pump and dumps (PnD), spoofing, flash
crashes, phishing and etc. It’s a big problem for most traders and newbies.

Our Solution
Limit manipulations:

There are a lot of ways to try and limit market manipulations, and we explain a
few in detail on our long white paper if you wan to read more. In short, to stop
pump and dumps, we don’t plan on listing any coins that are prime for such
actions. To fight spoofing we will hide orders from accounts that are suspected
of spoofing. With flash crashes: use exchange connections to spread out
massive orders and use a market index price to determine when to enact
margin calls.

#5) Exchange and customer security

With more exchanges popping up, some may wonder what security measures
the exchanges use to protect their company and user funds. Most will choose
to keep a big portion of their funds offline in cold storage and hold 1% - 5% of
funds in a hot wallet. This is great, but not sufficient. Exchanges need to
implement security standards better than the standards used by banks, stock
markets and forex markets. They should encrypt everything, change keys
frequently, restrict access to keys directly, store keys on hardware security
modules, use Two Factor Authentication (2FA), change passwords regularly,
and takes steps to prevent phishing.

The best advice any long-term cryptocurrency holder gives new investors is:
“Don’t leave your coins on exchanges.” We want to provide a more viable
alternative to this. Users on GoDigit will have their funds protected and
secured better than most users could do by themselves.

G o D i g i t DA E W h i t e p a p e r
I C O
PROBLEMS
&
SOLUTIONS
 ICO Problems and Solution
New ICOs are popping up every day, which can either be great for innovation
or end up causing more problems than what they’re promising to fix. We have
been following many ICO projects and have noticed there are a lot of great
projects, as well as a lot of near impossible projects, along with the typical
scam projects. Almost all projects, however, set out to raise way too much
capital with their ICO and then leave their investors wondering what the raised
funds are being spent on. It’s also widely speculated that most ICOs will fail to
launch because their projects are either technically impossible, run by
inexperienced members, and/or funds get wasted on unnecessary expenses.

A more recent issue for ICOs has been hackers stealing their funds or
siphoning funds from investors by passing out non-company Ethereum
addresses. Some of these wallet thefts and website hacks could have easily
been avoided, but the ICOs were started by inexperienced people (who may
also cause the project to fail later on). Even if a group does have the necessary
experience, their token contracts were made from a generic ERC 20 standard
and not much thought or effort had been put into their contracts. Did these
hacked ICOs have even just one auditor check their work?

All of these problems get ignored over and over by investors, and we think it
has to do with the way ICOs allocate tokens to investors. The typical ICO sale
uses an early investor incentive program. Be the first to invest, get more tokens
than everyone else. Be the last to invest, get shafted. This approach only works
in favor of the company raising funds and the first investors to send coins. It
does not typically benefit any other investors and usually causes massive
blockchain congestion.

G o D i g i t DA E W h i t e p a p e r
 GoDigit's ICO Token Solution

Our token sale is a completely new concept to ICOs, which we hope will pave
the way for future ICOs to operate better. To start off, let’s first explain why we
need funds and how our tokens will work.

In order for us to bring GoDigit to an operational state, we will need to raise

funds to cover the costs of starting a massive exchange.

Below is a small list of where raised funds will be needed at first:

ü Pay team members (such as the developers) to finalize our full exchange
platform.

ü Have expert security advisors help us implement secure protocols and use
the best security practices.

ü Purchase and/or hire the infrastructure needed to run GoDigit securely in

multiple locations and build a secure private blockchain as a backup
reference for all transactions.

ü Make connections with existing exchanges.

ü Legal and license fees.

ü Auditing services.

ü Customer support setup.

G o D i g i t DA E W h i t e p a p e r
To raise the capital we need, we will be selling “DAE tokens”, aka Digital Asset
Exchange tokens. These tokens will have many uses for buyers (unlike many
other ICOs out there), but our main objective is for the DAE tokens to be used
to pay fees on GoDigit, for now. We are setting up our platform to
automatically charge a user in DAE tokens for any transaction they initiate on
our exchange. This includes, but is not limited to: exchange fees,
withdrawal fees, customer support fees and deposit fees.

A user does not have to own DAE tokens in order to use any of GoDigit 's
services. However, based on how we are setting up DAE pricing, it would be
beneficial for a user to own DAE before using GoDigit as it would save the user
money. If a user does not own DAE, then GoDigit will charge the user the
standard fee rate and then GoDigit will purchase DAE tokens to cover the
user’s fees.

When GoDigit has to purchase DAE tokens to cover fees by a user who does
not own them, GoDigit must buy the DAE tokens at market price or at the
minimum set asset price (whichever is higher). If the market price is higher
than the set minimum asset price, a simple market buy will be executed on
GoDigit's exchange.

G o D i g i t DA E W h i t e p a p e r
GOD I G I T
ECOSYSTEM
 GoDigit Ecosystem
GoDigit started by looking at factors and problems affecting cryptocurrency
exchanges and has decided to build its own cryptocurrency ecosystem with
attractive features that will based on the foundations of established exchange
platforms, integrating its strength while solving its limitations.

GoDigit aims to achieve the following goals: -

Enable millions of people to participate and trade in

cryptocurrencies utilizing advanced trading tools and
technology

Simplifying the cryptocurrencies purchase and trading

process for beginners and experts alike

Feature a central information hub where users will be able

to consume cryptomedia, news and information they
require for participating in digital currency and
Blockchain projects

Providing incubation and consultation to attractive and

promising Blockchain technology projects that will
develop the future of disruptive technology in the business
world

Create a secure, efficient and friendly environment for

digital asset investing and trading

G o D i g i t DA E W h i t e p a p e r
The GoDigit ecosystem will consist of a digital assets exchange platform,
equipped with own digital wallet, margin and mirror trading functions while
providing information centre where its main goal is to educate the digital
assets community, sharing ideas, insights and feeding the community with the
latest cryptocurrency and Blockchain developments.

Besides, the GoDigit ecosystem will be synchronised with its own incubation
and consultation ecosystem for Blockchain technology project. By voting
system, GoDigit's users will be able to choose the promising and attractive
Blockchain technology projects to be incubated under GoDigit's incubation
ecosystem.

To avoid influx of Blockchain technology projects, GoDigit has its own

proprietary screening procedures to filter the potential Blockchain technology
projects for users’ voting.

For the development of GoDigit , GoDigit has identified and assembled a team
of industry experts, experienced traders and professionals both from the
cryptocurrency and non-cryptocurrency space.

G o D i g i t DA E W h i t e p a p e r
GOD I G I T
EXCHANGE
 GoDigit Exchange
Matching Engine

Our matching engine will be capable of sustaining 1,800,000 orders / second,

making GoDigit one of the fastest exchanges in the market today. You can be
certain, on our exchange, that your orders will never be stuck due to the
matching engine being overwhelmed.

Feature Rollout

We will roll out the platform in roughly the following order:

Ø Spot trading
Ø Margin trading
Ø Futures
Ø Anonymous instant exchange
Ø Decentralized (on-chain) exchange
Ø and more…

GoDigit Tokens (GIT)

GoDigit will support trading pairs in the following coins:

Ø BTC
Ø ETH
Ø LTC
Ø BCH
Ø DOGE
Ø USDT
Ø GIT

More coins will be added from time to time. We generally will only add coins
that have strong credibility, user base, and liquidity. If you have a coin that you
wish to be listed on GoDigit Exchange, participating in our ICO will help.

We have plans to support any fiat currencies such as USD, EUR, RMB, JPY,
MYR, IDR & THB.

G o D i g i t DA E W h i t e p a p e r
Device Coverage

We will provide cross-platform trading clients for:

● Web-based trading client

● Android native client
● iOS native client (pending App Store review)
● Mobile HTML5 client (including WeChat H5 client)
● PC (Windows) native client
● REST API

Multilingual Support

We will support English, Chinese, Malay languages on all of our user

interfaces. (The very initial release will be in English and Chinese only.) More
languages will be added over time.

G o D i g i t DA E W h i t e p a p e r
 Source of Revenues
GoDigit's source of revenues will come from the following:

Source Description

Exchange Fee GoDigit will initially charge a 0.2% fixed

fee per trade. Other variations will be
subsequently introduced, including
maker-taker, volumed based tiering and
0 fee promotions. We have no plan to
charge above 0.2%.

Withdrawal Fee GoDigit may charge a small fee for

withdrawals not more than 0.1%

Listing Fee GoDigit will select innovative coins and

other assets to be listed on the exchange,
there may be a fee associated with those
listings.

Margin Fee If you trade on margin, there may be a fee

or interest on the borrowed amount.

Other Fees There may be other fees the platform may

collect for various services such as
automated algorithmic order etc.

G o D i g i t DA E W h i t e p a p e r
T O K E N
ALLOCATIONS
 GoDigit Token (GIT)
We will issue our ERC20 standard token, called GIT. A strict limit of
50,000,000 GITs will be created, never to be increased. GIT ERC20 will run
natively on the Ethereum blockchain.

Token Distribution

Nodes Allocation from 20m Pre-Sales

Node No. of Nodes GIT Coin GIT Coin Percentage of
Type Holders Holder Allocation Profit Sharing

Main 2,000 4,000 8,000,000 20%

Nodes
Super 400 20,000 8,000,000 20%
Nodes
Alpha 100 40,000 4,000,000 10%
Nodes

G o D i g i t DA E W h i t e p a p e r
 GIT Value
You can use GIT to pay for any fees on our platform, including but not limited
to:
Ø Exchange fees
Ø Withdrawal fees
Ø Listing fees
Ø Any other fee

When you use GIT to pay for fees, you will receive a significant discount:

1st 2nd 3rd 4th 5th 6th 7th

Year Year Year Year Year Year Year

Discount 60% 50% 40% 30% 20% 10% no

Rate discount

Funds Usage
● 35% of the funds will be used to build the GoDigit platform and perform
upgrades to the system, which includes team recruiting, training, and the
development budget.

● 50% will be used for GoDigit branding and marketing, including continuous
promotion and education of GoDigit and blockchain innovations in industry
mediums. A sufficient budget for various advertisement activities, to help
GoDigit become popular among investors, and to attract active users to the
platform.

● 15% will be kept in reserve to cope with any emergency or unexpected

situation that might come up.

G o D i g i t DA E W h i t e p a p e r
GOD I G I T
ROADMAP
 GoDigit Roadmap
DATE DESCRIPTION

April 2018 Development begins - After a few months spent on

analyzing the market and developing our plan, we began
the development of GoDigit token (GIT - ERC20) on
Ethereum Smart Contract.

July 2018 First marketing campaign - We launched the first

marketing campaign to test for the response of the people
for the project. The response we got was overwhelming
when we received numbers of subscribers.

August 2018 GIT token presales - Token pre-sales was launched. 20

millions of GIT tokens are available for pre-sales with
starting price at 0.5 USD

October 2018 Exchange listings - GIT token is expected to be listed in a

few major international cryptocurrency exchanges where
its price may surpass 0.5 USD per token

December 2018 Android & iOS Apps - Mobile GIT wallet apps for Android
& iOS will be deployed and launched.

April 2019 GoDigit Digital Asset Exchange - GoDigit own world-class

cryptocurrency exchange will be developed and
established utilizing its native cryptocurrency GIT as a
medium to pay transaction fees in the exchange platform.

October 2019 GoDigit Payment Gateway - Plastic cards will be issued to

GIT token holders
S O C I A L
M E D I A
 Social Media

Join our community and stay up to date on GoDigit activities and

news

www.medium.com/@GoDigitIO www.reddit.com/r/GoDigit

www.facebook.com/GoDigitIO/

www.bitcointalk.org/index. www.github.com/godigitio/
php?topic=4963107.0

www.t.me/GoDigit_GIT/

www.twitter.com/GoDigitIO www.instagram.com/godigi

www.youtube.com/channel/UC53QaLmjr42xGbxTisurv5A?view_as=subscrib
er%3F&ab_channel=GoDigitTechnology%2F

G o D i g i t DA E W h i t e p a p e r
REGULATORY
AUTHORITIES
 Support from Regulatory Authorities

In Malaysia, what is recognized as currency is controlled by the Central Bank

of Malaysia Act 2009 (CBM 2009), and Part III of the Central Bank of
Malaysia Act 1958 (CBM 1958). Under Section 20 of the CBM 1958, only Bank
Negara has the right to issue currency in Malaysia.

At present, cryptocurrencies are neither illegal per se nor is it outlawed in

Malaysia. However, it may be noted that Japan has recognized Bitcoin as
money. With the proper regularisation by the authorities and adoption by the
mainstream market, cryptocurrencies may very well be a game-changer in the
foreseeable future.

The Securities Commission have been regularly advising the public and
interested parties on Initial Coins Offerings (ICOs) and cryptocurrencies,
cautioning investors or participants to be well informed about the risks
involved in participating in cryptocurrency or crypto assets. In other words,
the authorities in Malaysia have adopted a ‘wait and see’ approach for the time
being.

Countries such as Canada, Malta, Japan, Singapore and Slovenia have

recognised the inevitability and prevalence of cryptocurrencies and are taking
positive actions in the recognition and establishment of cryptocurrencies in
their respective countries. Recently, the Government of Malta has passed three
cryptocurrency-related bills that are designed to make the EU country more
attractive to ICO issuers and other Blockchain-based businesses. The new laws
will regulate the use of distributed ledger technology (DLT or Blockchain) and
each bill prioritizes market regulation or registration, investors’ protection,
Blockchain-based companies, and financial transactions that occur on the
island state.iii

G o D i g i t DA E W h i t e p a p e r
In South East Asia, Thailand is also joining the bandwagon by reversing its
ban on initial coins offering and cryptocurrency in the country. In June 2018,
Thailand’s Securities and Exchange Commission has released a comprehensive
framework for the regulation of the country’s cryptocurrency market which
covers initial coins offering, approved cryptocurrency trading pairs, and
licensing fees for market operators.iv

GoDigit aims to be the first digital assets trading exchange in Malaysia. With
the experience and achievements of the directors, including their vast
networks through the European Blockchain Hub, the directors believe that
GoDigit will be well-received by the public.

GoDigit is confident of the potentials of its proposed business and is currently

conducting further discussions with experts of the industry in developing and
establishing the key features of a digital assets trading exchange platform.
With a comprehensive plan in place, GoDigit is looking if the LFSA provides
feedbacks, guidance and possible consideration for a sandbox approval for
GoDigit to establish and operate a digital assets trading exchange platform in
Labuan.

The current regulations under the Labuan Financial Services and Securities
Act 2010 and Labuan Business Activity Tax Act 1990 may restrict the
application and operation of a digital assets trading exchange. Nevertheless,
GoDigit is open to explore with the LFSA the possibilities and avenues that can
be worked on in this proposed digital asset exchange platform, bearing in
mind always that the industry is gaining widespread and global acceptance.

GoDigit hopes that the LFSA may provide flexibility and open discussion in
enforcing any such regulations and approvals for GoDigit to be established and
operated in Labuan.

G o D i g i t DA E W h i t e p a p e r
 Personal Data and Privacy
Personal information obtained from the participants and users of GoDigit may
be disclosed to law enforcement and government authorities and other third
parties. If GoDigit is obliged to disclose such information by law or on orders of
a competent court, GoDigit shall not be responsible for the disclosure of such
information in compliance.

GoDigit is responsible for the personal data under its control. GoDigit takes
every measure it can to provide a comparable level of protection for personal
data passed to its associates in relation to the cryptocurrency exchange
platform.

Anti-money Laundering & Counter Financing of

Terrorism (AML/CFT) /Know Your Client (KYC)

Bank Negara Malaysia on February 2018 has issued the Anti-Money

Laundering and Counter Financing of Terrorism Policy for Digital Currencies
(Sector 6). The policy aims to ensure that effective measures are in place
against money laundering and terrorism financing risks associated with the use
of digital currencies and to increase the transparency of digital currency
activities in Malaysia.

In order to comply with the obligations under the Anti-Money Laundering,

Anti-TerrorismFinancing and Proceeds of Unlawful Activities Act 2001
(“AMLA 2001”) and other regulations set forth by Bank Negara Malaysia and
the Securities Commission, GoDigit is resolute in its strict adherence to and
compliance with the law, and shall employ all reasonable steps and measures
to establish the true and full identity of its clients including but not limited to
obtaining and retaining all potential participants’ and users’ private
information.

G o D i g i t DA E W h i t e p a p e r
P ROJ EC T
SUMMARY
 Summary

GoDigit will be the next best crypto exchange, even if we don’t raise funds in
our ICO. We have additional options to get funding. However, we think it is
better to let our community buy and own our GIT Tokens, versus a single or a
few big investors. Don’t miss out on your opportunity to own a piece of the
future.

We also have many more plans beyond just a simple/complex trading platform.
The future is bright for GoDigit.

G o D i g i t DA E W h i t e p a p e r