SPINDLE White Paper. va1.3 BLACK STAR CAPITAL LTD BLACK STAR&CO. SPINDLE FRACTAL ZONE LTD. Copyright 2017 BLACK STAR & CO.All Rights Reserved.

Introduction I dedicate SPINDLE to: those who suffer from the injustice of the world, those who have had their freedom stripped from oppressive regimes, those who have lost their wealth, and my father who spent many years working at Kobe Steel, Ltd. Especially to all my friends who supported SPINDLE. December 24th, 2017 SPINDLE Founder

SPINDLE White Paper

1 Introduction to Fallibilism Fallibilism SPINDLE Virtual currency Cryptocurrency ( cryptocurrency ) became widely known to the general public in Japan through the Mt Gox incident in 2014. The topic of Bitcoin was picked up by the Japanese media; however, discussion about it focused on its legal existence. Thus, Bitcoin were introduced as an object with no oﬃcial recognition by the government, similar to the Enten e - currency, which was similarly embroiled in a scandal in Japan in 2009. However, currently in 2017, Japan and most of the world see Bitcoin as an amalgamation of blockchain technology and research is being carried out by many engineers. With these changes in understanding in mind, the concept of an Initial Coin Oﬀering (ICO) was born as a method of funding. Star ting with Ethereum token sales in 2014, ICOs spread throughout the world with the goal of securing funds to expand the infrastructure for cr yptocurrencies, c o n s t r u c t i o n a n d p ro v i s i o n o f s e r v i c e a p p l i c a t i o n s a n d, o n a l i m i t e d s c a l e, t o f u n d b u s i n e s s facilities. The release of SPINDLE also works with the same goals in mind. H o w e v e r, i n m i d - 2 0 16, m o r e t h a n h a l f o f S P I N D L E s m e m b e r s w e r e s t i l l c o n v i n c e d t h a t cr yptocurrencies had a long way to go before being accepted as a form of social infrastructure unless it had some alternative usage similar to assets like gold, due to the skeptical views held by many. The decision to launch SPINDLE came af ter the mapping of a basic model by a member of SPINDLE Japan and discussions with individuals from Japanese and British investment banks, legal as well as blockchain experts and consultants. During the inception of SPINDLE, the creators realized that the spread of cryptocurrency shared t h e s a m e p at te r n s of b e havio r a s t h e s p re a d of n ew te c h n olo g y did ove r t h e c o ur s e of hu m a n history. The creators then put that very behavioral pattern into the model of SPINDLE, so SPINDLE can be applied to societal infrastructure, a seemingly contradictor y concept. But by doing so, the creators have deﬁned human existence as autonomy in thought and action, and willingly incorporated this into the equation. But these concepts are often the ﬁrst to clash with the ideals of a controlled society, so we sought to introduce it as a concept that is highly likely to resemble what humanity has experienced in the past. And that concept is Fallibilism. Fallibilism, in the contex t of cr yptocurrencies, encompasses events that occur in the environment that envelopes Decentralized Autonomous Organization (DAO), and, in general sense, explains various events in human histor y, involving wars, the economy and politics. Therefore, SPINDLE is deﬁned as Fallibilism SPINDLE in its spiritual pillar, which, in short, i s re c u r s i o n. A n d w e m a d e s o m e t h i n g a s a c o n c e p t t h a t i s a s e c t i o n o f d e c e n t r a l i z a t i o n a n d centralization and is a recursive conclusion. 6

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SPINDLE ECONOMIC ZONE SPINDLEʼs AIM GOAL in the FUTURE World Indirect Service Users 50,000 Evangelists 200,000 Companies Partners 5,000 Presale Investers 200,000 Crowdsale Investers BLACK STAR&CO. MEMBERS 2,000 Early Investers 100,000,000 Direct Service Users 18

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Token Sale Proceeds Allocation(3years) SPD Token Distribution 25% 30% 20% 5% 20% Business Development Legal and Regulatory Marketing Tech-Development M&A Strategy 40% 10% 5% 15% 5% 25% Institutional Investors Team Token Regal&Advisary Private Presale Main Sale M&A Buyback & Options P[X=k] n =( )p k (1-p) n-k k 20

6 Index = 1 Timestamp Spindle_Transaction_List Fund_Token Verify_List Fund_Token Transaction Transaction Transaction Transaction Fund_Infomation Track_Record_Snapshot Release Profit on investment Paid Dividend Extra Spindle-Blockchain can provide the proof of tokens that be listed on Spindle-Platform. Proof Previous_Block_Hash SPINDLE GENESIS BLOCK BLOCK BLOCK BLOCK Continue to next block... Index = 2 Timestamp Spindle_Transaction_List Transaction Transaction Transaction Transaction Verify_List Fund_Token Fund_Token Fund_Token Fund_Infomation Track_Record_Snapshot Release Profit on investment Paid Dividend Extra New token can be added, too. Hash_Function(Previous_Block) Several 0 + text(total_length = 64) = Hash_function(Previous_Proof* Proof) To find the Proof that can make true formula is called mining or Proof of Work. Proof Previous_Block_Hash 21

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