BEDCOIN Whitepaper v2.0 light version

Table of Contents

Table of Contents
Mission
1 Executive summary
2 Value proposition
2.1 The first real estate investments shared profits backed crypto currency asset
2.2 Making it easy to invest online in global Real Estate & Accommodation Assets by disruptive reduction of transaction costs and entry level minimums for all Bedcoin holders
2.3 Unlocking asset value due to flawless experience record in dedicated Management & liquidity for Real Estate Investments
3 Competitive advantages
3.1 Based on existing mainstream Real Estate & Accommodation profitable business trends
3.2 Outstanding experience record
3.3 Wide diversification options across major international markets and asset classes
4 How it works
4.1 Investing the funds obtained from the ICO in Real Estate
4.2 Trading of Investments Backed Bedcoins
4.3 Why Bedcoin holders are to benefit from the investment acts linked assets value rise
4.4 Dividends Payouts
5 Technology
5.1 Technical overview of Bedcoin Structure
5.2 Usable wallets
5.3 Bedcoin marketplace & Trading Bedcoin
6 Key Investment Markets
6.1 Real Estate Market
6.2 Accommodation Market
6.3 Tech and Emerging Markets
7 Crypto Market Overview
7.1 General Overview
8 Team
8.1 Overview & The Team
8.2 Mission & Principles
9 Roadmap
10 Legal Considerations
10.1 Legal implications with Bedcoin
10.2 Data and Coin protection
10.3 Tax
10.4 Utility Token and not a security token
11 Corporate Governance and Funding Principles
11.1 Bedcoin aims to reach a direct democratic governance system within the community of Bedcoin holders
11.2 Bedcoin ownership structure before the first pre ICO phase
11.3 The LRP - Limited & Restrictions Period
11.4 Referral bonuses
11.5 Profit Sharing
11.6 Democratic Decision Making via the Bedcoin Global Platform

MISSION

Bedcoin facilitates online real-estate and accommodation investments as well as traveling, while allowing crypto-currency holders to become estate investors and be part of the amazing Bedcoin family, all while sharing dividends with a click of a button.

Investments wise, Bedcoin will design and implement market reference Real Estate & Accommodation players. Stellar performance and outstanding client’s satisfaction is the only duo mix expected from Bedcoin's customer voice-shaped market approach.

1 EXECUTIVE SUMMARY

Bedcoin is running on the ethereum mainnet blockchain. Bedcoin enables holders to invest and benefit online from Global Real Estate & Accommodation Markets and be part of innovative projects made easy and accessible to the world wide public. As a result, Bedcoin will be widely used as a Real Estate Investment Asset in the real economy.

An interesting fact about Bedcoin is that it allows holders to become Real Estate Investors in the easiest, most affordable and transparent way. Bedcoins are backed by the investments towards which the crowdfunds resulting from the ICO phases are heading to - investments from which Bedcoin holders will benefit from yearly dividends - profit shared based on the number of Bedcoins they have.

Bedcoin Investments and Assets Management is based on the flawless experience record of the team which boasts a strong track record in Crypto Currencies, Real Estate & Accommodation.

-Filip Kalebo has been involved in the technical implementation of several crypto currency protocols such as the creation of the world largest crypto currency creation platform CreateCryptoCo.in, Bitcoin, Lightning, Monero and several other large crypto currency payment implementations and protocols in various commercial production systems and in production infrastructures.

• Vlad Mavrodin has been involved in Real Estate Development and Accommodation Markets for the past 10 years, working in partnership with Booking.com and Airbnb, positions in which he has been awarded over 2222 reviews at the moment of Bedcoin’s kick-off. By chance, Filip was Vlad's 2222nd review guest. The cofounders of Bedcoin met via Airbnb.

Investment wise, we adhere to the principles of tomorrows economy, fair treatment, a new thinking and innovative corporate governance structure, and most importantly, transparency - monthly reports and the leadership that will set the path towards sustainable growth - due to our experience record we expect our investments to prove and grow at higher yields compared to market average. Constant innovation, passion to be the best, consumer voice driven project designs and stellar players are always to be expected from our projects. The path to follow is to always be profitable and constantly raise value of our portfolio that backs up the Bedcoins but we will never sacrifice consumer satisfaction for higher yields. We will be the best in what we do or we will not do it at all. Location and capacity to echo the market will always be supporting pillars for our project's foundation.

Bedcoin is designed to take real estate investments towards new horizons in an accessible, efficient, liquid and transparent way.

As of February 2019, the total value of the top 10 crypto currencies as an asset is estimated to be at roughly 100 billion USD. Holding the first real value-backed crypto currency is an opportunity, since the value is only expected to rise, in correlation with the investments behind Bedcoin.

So the value of Bedcoin as a revolutionary crypto instrument making real estate investments affordable and easy to access can only be expected to rise, making it a great investment - a great asset to the world and it's holders - a must have in pre & ICO phases.
2 VALUE PROPOSITION

2.1 The first real estate investments shared profits backed crypto currency asset

With Bedcoin, crypto currency holders can benefit from having the value of their Bedcoins backed up by real estate & accommodation investments.

How does it work?

The total supply of Bedcoins is limited to 500 000 000 000 units. In ICO phases Bedcoin will sell the units and invest the revenues obtained in the portfolio that will back the value of our crypto currency. Bedcoins portfolio profits will be annually shared with the Bedcoins owners. The profit-sharing crypto currency can be purchased online from the Bedcoin.global platform with low transaction costs and maximum transparency and security.

Bedcoin offers a unique opportunity for crypto currency holders to gain exposure to the value of real estate and accommodation projects accessible until Bedcoin only to large investors (such as real estate & hotels) – contributing to an increase in value of the coin.

Investors worldwide can increase their return of investment and diversify their portfolio with Bedcoin.

Due to the architecture and mechanism behind Bedcoin, the value of the Bedcoins is set to increase on the world financial stages. Like any historic graphic of a well-managed revolutionary new concept company IPO - Bedcoin's ICO will be no different than a gold mine - a generator of welfare & passive income to the world - the next big thing - and all in the most liquid and simple online way.

2.2 Making it easy to invest Online in Amazing Global Real Estate & Accommodation Assets by disruptive reduction of transaction costs and entry level minimums and transaction costs for all Bedcoin holders.

Bedcoin enables the holders to become part of Amazing Global Real Estate & Accommodation Investments with minimal transaction costs and minimum volumes, an important change in paradigm since real estate investments until Bedcoin have not been easily accessible to the wide audience.
Our crypto currency makes owners a Real Estate investors - part of a Global Family of investors with a mission of excellence - with all the benefits, no hustle and amazing liquidity as Bedcoins can be traded as an asset. Having Bedcoin - Beds work for you.

2.3 Unlocking asset value by a flawless experience record dedicated Management & liquidity for Real Estate Investments

A highly competitive, dedicated, result obsessed and relentless team with good leadership, outstanding experience record, and set on a mission will always bring what's best in any market in terms of asset value and customer satisfaction. We’re already seeing the likes of what Airbnb means to the accommodation market, Apple in tech, Tesla in the automotive industry, Uber in transportation - Bedcoin will be no different to the impact it will bring to the Real Estate Market.

Many players in the market will never reach maximum potential in terms of asset value, market share, market cap & customer satisfaction due to lack of proper management, resources or time.

Bedcoin will stand out from the crowd and deliver because it's engineered to perform having a proper mission with enough resources and the right management. And these are exactly the elements needed to maximize the value of Bedcoin Assets in any given moment, market & time sequence - for at Bedcoin - Where Beds Work For You - The First Profit Sharing Real Estate Crypto Investment Institution - our funding elements will ever work relentlessly to deliver.

To put it in a simpler way, at Bedcoin we will be a large family of innovative entrepreneurs and together we can make so much more than if we were working alone.
3 COMPETITIVE ADVANTAGES

3.1 Based on existing mainstream Real Estate and Accommodation profitable business trends

Key Location Accommodation Projects & Short Term Rentals tend to provide better yields compared to long term rents. It is a normal result in the market due to the constant dynamic changes of the new sharing economy and the impact of new players like Airbnb. Also Key Location with well designed, fitted out & refurbished Assets tend to behave better when it comes to long term rents compared to average levels of quality.

In any case or specific portfolio asset class, what separates the outcome and client satisfaction from the average is the management and this can have a significant impact in the assets overall market value.

Real Estate Long Term and Short Rentals or Hotels have always been a good business. And the products and services of the industries are used on a daily base by everybody. Bedcoin just makes it easy for everyone to step in something that is market certified working.

Bedcoin will be backed by Real Assets with Real Market Value using market certified models but pushed towards stellar greatness in results by management.

3.2 Outstanding Experience Record

Behind Bedcoin stands an already operational management team with flawless experience record. The evolution of today's modern sharing economy and investment trends brought countless new projects & players to the field of real estate and accommodation but when it comes to customer satisfaction and consumer voice designed projects it is easy to notice who stands out with a mission, passion and customer care above all.

We mention this because experienced and dedicated management plays a huge role in how the market will look upon the players and allocate their positions.

Bedcoin is not another project to enter the crypto currencies and real estate markets stages brought by the wind & tides. Bedcoin stands for professionalism, dedication, passion - a team with a mission to perform in the best interest of the Bedcoin family - a team meant to become a market leader in what sector it touches - with extreme customer care.

Bedcoin CEO & cofounder Vlad Mavrodin spent his last 11 years in real estate & accommodation and reached over 2222 reviews on his Airbnb profile when Bedcoin was kicking off.

With the architecture, mechanisms and founder’s inheritance, Bedcoin is designed to become a market leader and share all the benefits with the crypto holders. And Bedcoin holders benefit from Bedcoin's Management team from scratch.

It's like having your own business with the added benefits due to the time and effort you put into it - but with Bedcoin - you just have the benefits - it is Bedcoin's management that does the rest for you - it is like having a top performance real estate business with all benefits but with no hustle and this is what Bedcoin is about - to help people around the world online on a global stage - become part of an amazing project - become a real estate investor - part of a family of investors with an amazing portfolio but without having to do anything but enjoy the benefits. And due to our management and market certified experience record at Bedcoin we’ll make sure our holders benefit from all that's best.

3.3 Wide diversification options across major international markets and asset classes

Bedcoin is a global project. Whether segments of our investment portfolio will take shape of real estate long term rentals, short term rentals (like Airbnb) or Hotel or other type of commercial assets - Bedcoin investment goal is to form market leading & changing projects.

95% of Bedcoin's investments will head towards international short, long term rentals, hotels and commercials assets in the real estate market in a worldwide portfolio of market leading projects. The main characteristic of this diversification of real estate asset classes is super low risk and relatively high market yields compared to average. Only 5% of Bedcoin's investments can target emerging markets, tech projects and other fields that are not real estate related, because we are bound to real estate and real values for our crypto currency back up. And Real Estate provides that market environment with low risk and possible high yields if done right.

Considering the above, Bedcoin allows holders to become a real estate investor across major international asset classes, ensuring profit sharing benefits. There is no competition on the crypto scene or current real estate stage to an instrument so capable - so groundbreaking in any terms - real backup, diversification, profit sharing as the Bedcoin crypto asset.

4 HOW IT WORKS

4.1 Investing the funds obtained from the ICO in Real Estate

On the Bedcoin platform, on the pre & ICO phases users can buy Bedcoins. Bedcoin mother company will invest the raised money obtained from the prime market into the portfolio which will back up the crypto currency investor’s asset value.

Some features Bedcoin has as a crypto currency in this subject matter:

Bedcoin will be the first asset backed by a real value (in this case real estate) since the gold standard.

The profits obtained from Bedcoin's portfolio will be shared with the crypto currency holders depending on the volume of crypto they own. As such, every Bedcoin holder becomes a real estate having all the benefits without any hustle - in the most transparent and accessible way ever.

Disruptive, innovative, empowered by the principles of the new sharing economy in the fourth industrial revolution - Bedcoin is designed to take market sectors to new heights by bringing projects to the end clients of Bedcoin investments - making worldwide real estate and accommodation more accessible & reach new heights while sharing all the benefits of this sectors with the crypto currency holders with a crypto asset where beds work for you.

As our economy is changing - Bedcoin will also become a trend setter by developing new practices and principles of how an organization should look in the sharing economy.

In short - Bedcoin is the first profit sharing crypto asset backed by a real value - real estate investments.
Bedcoin aims to raise roughly or at least 1 EUR for each Bedcoin sold at ICO phase or more - target is
1 EUR / Bedcoin. Bedcoin management can modify price depending on market demand and marketing strategy or agreements with Bedcoin partners.

Bedcoins are limited to 500 000 000 000 units (500 billion units), which have been created to perform in the world capital markets stage, a very small amount considering the appetite of the world financial markets for high profile market leading projects.

4.2 Trading of Investments Backed Bedcoins

The Bedcoin’s value is partly in the official account at Bedcoin.global platform. We need to track payouts and payout method. If a user does not have an official account, we will pay out the dividends in ethereum to the ethereum address that owns the Bedcoins. Fiat payouts are only available if you buy Bedcoin's through the official platform. This will cause unofficial third-party trading to be discouraged and motivate people to buy from the official platform.

4.3 Why Bedcoin holders are to benefit from the investment acts linked assets value rise

The beauty of Bedcoin is that it makes the holder a real estate investor. Not any type - but a real estate investor which in pre ICO & ICO phases gets his capital worked alongside other millions of investors around the world via a crowdfunding solution. This means that the joint venture power resulting from the millions of users of Bedcoin will most likely shape into a market player in real estate and accommodation with results, yields and market share far beyond the power of any user by itself.

This will lead to Bedcoin being the first profit sharing crypto real estate investment institution ever - where every user becomes a real estate investor and benefits from the amazing perks of real estate and accommodation markets at significant performance levels but without any hustle as Bedcoin will manage all there is to be done while the organization emerges and takes shape.
On top of that: Bedcoin is a crypto asset, which will be traded in the subprime market following the ICO, like any crypto currency. Bedcoin is designed and engineered to rise in value post ICO phase – due to Bedcoin’s organizational culture fundamentals and investment action related to the backup portfolio of the crypto asset value.

Bedcoins will be the first digital currency asset backed by real value since the gold standard. Imagine the skyrocketing demand for our coin if Bedcoins will be the only crypto asset out there backed up by real value in the most transparent way. Everybody will want to hold Bedcoins, get Bedcoins or be paid in Bedcoins, due to the fact that every second they are held they increase in value as “Beds work for you”.

Now let's try to sum it up together for everybody to understand. Bedcoin will invest the money obtained from pre & ICO phases in an investment portfolio. The profits are shared with Bedcoin holders. As the Value of the portfolio will rise and the profits will rise so will the value of the coin. For this one simple reason, the value of Bedcoin will go up post ICO phase.

Another reason will be the usual hype and demand (speculative demand) that drive all market leading crypto projects. We expect our asset to behave differently - more elegant and guided - for sure it can only go up as all major crypto currency assets did - considering our crypto's special feature of being backed up by real value - real estate investments.
4.4 Dividends Payouts

A Dividend Payout Mechanism will be implemented on the Bedcoin Global Platform for profit sharing of the Bedcoin Portfolio with the crypto currency holders. If a Bedcoin owner does not have a verified account on the Bedcoin.global platform the dividends will not be paid out.

There is no timeframe for the dividends payout mechanism to be implemented on the platform. There is also no loss on investors side in case we take more time to build up the mechanism because in case there is excess (profit) which is not distributed to coin holders, the amounts will be invested in grassroots phases in properties which will grow the value of Bedcoins to the coin holder’s benefits. As such, there is never a loss on the coin holder’s side and everything will be transparently accounted.

In any scenario, whether or not Bedcoin decides to reinvest profits from its portfolio is only up to Bedcoin management. There is still no direct loss to coin holders because an increased value in owned assets will lead to an increase value in the Bedcoin market price.

However, the target of Bedcoin is to reach an annual mechanism of profit sharing via it's platform, but not in a specific timeframe. Bedcoin will take proper time to reach perfect technical mechanisms and legal environment to the benefit the organization and coin holders.
5 Technology

5.1 Technical Overview of Bedcoin Structure

Bedcoin is hosted on the ethereum blockchain. Think of Bedcoin like a ball and ethereum’s blockchain as the playing field. The ball can move freely within the field. Using a secure semi (by semi we mean that it is available for everyone but only technical people can use it for the exchange of ethereum) publicly available. We are running our own nodes to make sure that Bedcoin is being safely handled in the best way possible. Using state of the art technology we are able to provide our own platform for buying and managing Bedcoins. The process is as follows:

[0] User buys Bedcoin with fiat (regular currency) or crypto currency using our platform;

[1] The user provides us with an ethereum address;

[2] We send the user the amount of Bedcoin with the help of our own blockchain nodes which allow us to speak directly to the network.

We use our intelligent platform to track the user’s Bedcoin and manage dividends payouts. The value of the Bedcoin is on the account, on the platform, making it immune to be taken over by a third party because the value is only accessible using our platform. Of course, third party transactions cannot be forbidden, since blockchain technology is for everyone, however, Bedcoin users understand that the value of the coin comes from providing liquidity to the platform to be reinvested into the desired assets. Selling them on third party exchanges will only provide meaningless short-term profit.

Once the user has purchased the Bedcoins, the coins gets transferred directly to the user and we pass on the ownership of Bedcoin to the party that has purchased the amount.

All purchased Bedcoins gets registered into the users account where the yearly dividends are paid out. This allows us to pay out dividends securely and in a controlled manner.

5.2 Usable wallets

Any wallet that supports ethereum such as: Top wallets to store ERC20 Tokens
We recommend that you use a wallet where you own the private key. We have an easy to use tutorial on how to store Bedcoin on your phone on our website: Bedcoin Wallet <- Link-ul nu functioneaza

5.3 Bedcoin marketplace & Trading Bedcoin

Our platform works like a marketplace and tracker of Bedcoin users where the user buys Bedcoins and where member information is stored in order to pay out dividends.
6 Key Investment Markets

As funding principle: 95% of Bedcoin's investment portfolio (as a backup for Bedcoin's value as a crypto currency) will take fund innovative projects in the real estate and accommodation markets.

6.1 Real Estate Market

Every investor loves Real Estate, especially if the investment is done right. The Real Estate Market presents intriguing features. Everybody needs real estate, it's usually a low risk, real value market. We would even go as far as saying in market price terms, no matter the market and even considering inflation and economic cycles - real estate usually keeps or improves market price terms values. (note nominal value vs market price terms).

Even more, when Real Estate investments are done right, they can provide significant returns of investment, especially when the investment matures into the shape of a solid commercial player (when compared to standard real estate return of investments). The Real Estate Market, like any market is as well subject to a continuous evolution dictated by the changing needs of the new economy.

Hotels and Inns have been around for hundreds of years now but it took Airbnb only a decade to grow from grassroots to being one of the world’s biggest accommodators.

Real Estate - even if it is a business as old as time itself - still has room for a lot of innovation - and new heights to reach. Major real estate projects, market leaders and amazing joint ventures have never been as accessible to the world wide public as they are now via Bedcoin.

6.2 Accommodation Market

The accommodation market is a well-established one, a market that's always moving forward and under constant development; it saw an unprecedented development in the past decades as the world is more interconnected as ever and moving around more than ever. In the low yields environment of the real estate market - it's accommodation that can provide better numbers when it comes to real estate investment.

The accommodation sector will be the playing field for most of Bedcoin's Portfolio - a field where Bedcoin-empowered players will take the shape of consumer voice-driven guest houses, bnb’s and hotels.

Analyzing The World's Top 18 hotel players - we looked at Largest Brands, Reits and Hotel Casinos - roughly 249.1 billion worth of projects in market cap - we observed notable market cap / assets ratios from 1.24 to 2.09. This implies that investor's appetite for accommodation real estate projects is still significant. By looking at market/assets ratio we see a strong market practice which will tend to double the value of the coin post ICO.

The interesting part is when we analyze market cap/equity ratios. In some cases, it's more or less decent but in some cases investors are over evaluating a huge amount of assets in debt. Sometimes it goes beyond ten times of what they really own. (equity). And this is just another proof on why investors love so much hotel markets. The numbers are amazing.

In a world dominated by players in debt - Bedcoin will find an amazing playing field - with a world size project - but a clean one, especially when it comes to debt.

Bedcoin will not only enter the accommodation market - it will be a market leader in all terms - by both innovating projects and enabling world traveling like never before in the spirit of the new sharing economy - for example what better target for Bedcoin's CSR but to make more and more affordable accommodations.

The world’s markets can absorb a 500-billion-euro project with ease. The need for something new and to make traveling more affordable is felt, and there is an outstanding appetite for successful accommodation projects.

6.3 Tech and Emerging Markets

While 95% of Bedcoin's investment portfolio will be invested, 5 % of Bedcoin's investment portfolio will head to Tech and Emerging markets. Tech is changing the way we live and communicate more than ever before. Until Bedcoin, the world’s greatest accommodator does not own any accommodation space, the world's biggest transporter does not own any cars etc.

These are all examples on why tech is not a market to neglect. Due to being a different asset class to invest in when it comes to risk - Bedcoin's portfolio as a tech company will expose 5% of its investment's to the Tech and Emerging Markets.

7 Crypto Market Overview

7.1 General Overview

The world market has such an appetite for crypto currencies that even in it’s incipient and most effervescent stage - the world's top 100 crypto tokens and coins sum up a market cap of roughly 140 billion USD to 165 billion USD out of which most is held by the top 10 players.

At the current rate, by 2025 the total market cap value of crypto digital assets could go well over 5 trillion USD. With the adoption rate of new technologies higher than ever before, we might be witnessing the most thrilling digital assets phenomenon of the modern era.
8 Team

With Bedcoin - “Beds work for you”

8.1 Overview & The Team

Bedcoin is a crypto currency founded by Filip Kalebo and Vlad Mavrodin that started in February 2019
& went public in Pre ICO Phases in April 2019. The Bedcoin ICO is a Major Event planned to take place on 31st March 2021.

On the background of a dynamic & turbulent market empowered by technology and sharing economy principles trends like never before seen, Bedcoin is here to revolutionize the Real Estate & Accommodation markets. What sets Bedcoin apart from most of the other crypto currencies is it’s Mission & Team and that it is backed by real estate, while being only crypto coin that is offering yearly profit shares from it’s crowdfunding mechanism.

Filip Kalebo: Cofounder & CEO, technologist, programmer, crypto currency advocate, idealist

Vlad Mavrodin: Cofounder & CEO, Real Estate Entrepreneur, Business Developer, sharing economy visionary

“What I love about Airbnb & Hosting in general is that it combines my passion of working with Real Estate and my love for people.”

8.2 Mission & Principles

To enable Real Estate Global Investments Digitally - Bedcoin is here to revolutionize the Real Estate & Accommodation markets - making it easy for the world wide web surfers to join hands and venture in amazing groundbreaking real estate & accommodation investments and share profits with the click of a button.

The core of Bedcoin gravitates around shaping real estate and accommodation projects by the voice of the client and customer satisfaction levels. We are obsessed with listening to our client’s voice & we are adamant when it comes to the importance of high customer satisfaction levels regarding our products and services.

Being part of Bedcoin and join venture in this amazing digital asset will represent the normal step to make following the changes in our modern economy. You will be part of an amazing project which will deliver tangible real estate results to a satisfied client base - results and actions that will gradually empower and unleash the full potential of our generation, mission and community. What sets Bedcoin aside from all other crypto is profit sharing. Bedcoin will on a yearly basis provide share profits to the coin holders. All things considered, the value of the coin will only increase and provide an even greater funding potential to Bedcoin.
9 Roadmap

Bedcoin aims to go public starting April 2019 in Pre ICO sales and set the stage for the ICO scheduled for 31st of March 2021.

Bedcoin aims to sell for a value of 1 EUR per coin or more when reaching ICO phase, close to or post ICO phase.

Bedcoin will try to sell 25% of Bedcoin Company owned Bedcoins in 4 pre ICO stages of 6 months each with discounts from ICO targeted price of from 75% to 35% depending on the phase, demand and Bedcoin Management decision making.

Bedcoin will engage to reach strategic partnerships with institutional investors in each of the sell phases. Strategic agreements with institutions may lead to changes in terms of pricing of the Bedcoins and are to be set and agreed between the strategic partners / buyers / investors and Bedcoin management.

Bedcoin will develop a network of representatives, employees and partnerships in order to manage it's assets and make the ICO available to the broader public.

10 Legal Considerations

10.1 Legal implications with Bedcoin

Some tokens can be considered securities. If Bedcoin will fall under any Securities and Exchange Commissions regulations, the company will comply with local and international regulation. Bedcoin will operate legally under laws of the states where Bedcoin will conduct business.

10.2 Data and Coin protection

Sales and purchases of Bedcoins on the Bedcoin Global Platform may require personal data. We ensure personal data protection.

10.3 Tax

Each coin holder shall declare, bear and pay all such taxes, duties, imposts, levies, tariffs and surcharges that might be imposed by the dictating laws and regulations of any area jurisdiction as a result of or in connection with the receipt, holding, use, purchase, appreciation, trading or investment of Bedcoins and all holders shall be solely liable for all such penalties, claims, fines, punishments, liabilities, or similar issues rising from his/her non / under payment of any tax. Bedcoin does not give no advice and makes no representation as to the tax implications of any coin holder and of any person's decision to purchase Bedcoins.

10.4 Utility Token and not a security token

Bedcoin is considered by the team to be an utility token, due to it’s strong dual functions. Part of Bedcoin mission is to facilitates global travel. Imagine a city where Airbnb rooms range from 20 euro to 35 euro per night and hotel rooms range from 40 euro to 80 euro a night - Bedcoin users will be able to book via our platform rooms ranging from 5 euro to 10 euro a night using Bedcoin.

Another example, in a city where Airbnb rooms are around 100 euro per night and hotels way higher (150-200 euro per night or more), Bedcoin users will be able to book via our platform rooms ranging from 20 euro to 30 euro a night using Bedcoin.

In the examples above, if Bedcoin will be present in a city, we will try to keep a number of rooms dedicated to facilitate global traveling, making it more affordable to anyone.

Regarding the described profit sharing mechanism from the portfolio of investments that will backup Bedcoin - Bedcoin will not perform like a security token, but rather like an utility token since:

Bedcoin does not aim to create real estate owners but to create the first crypto real estate institution. That translates into an organization aimed to redistribute resources via the Bedcoin platform to it's users from the portfolio backing up the coin value. But what Bedcoin does in this case as an utility token is to grant access to the redistribution to it's holders on our platform.

Bedcoin ownership as crypto currency does not involve in any way ownership in the company that made it or in the organization that is backing up the value of Bedcoins with real value. As another utility it will grant it's holders the chance to vote on the platform by means of an online direct democracy voting system used by the owners of Bedcoin, unlike securities where investors do not have this option.

Furthermore, there is no common enterprise, only an organization aimed to back up the coin value of Bedcoins and grant it's users an utility token which provides access to the platform. Through the platform, resources are being redistributed in crypto currency form - but there is no ownership, there are also no shared employees and no shared management - as the institution governing the portfolio that will back up the Bedcoin value will be a self-standing organization.

All things accounted for, Bedcoin is considered to be an utility token and not a security.
11 Corporate Governance and Funding Principles

The system of rules, practices and processes by which Bedcoin is directed and controlled essentially involves balancing the interests of Bedcoin's stakeholders, Bedcoin as an institution, management, customers, suppliers, financiers, governments and the community - and it all revolves around Bedcoin's mission - To enable Real Estate Global Investments Digitally. Bedcoin is here to revolutionize the Real Estate & Accommodation markets, making it easy for the world wide web surfers to join hands and venture in innovative real estate & accommodation investments and share profits with the click of a button.

The core of Bedcoin gravitates around shaping real estate and accommodation projects by the voice of the client and customer satisfaction levels. We are obsessed with listening to our client’s voice & we are adamant when it comes to the importance of high customer satisfaction levels regarding our products and services. What Bedcoin wants from it's corporate governance is to establish a set of principles that will be preserving Bedcoins value for it's crypto currency holders and ensure that we will never drift away from our mission.

Bedcoin as an organization managing a portfolio of investments is limited to offering a maximum of 10% of the obtained profits in management fees/performance benefits.

11.1 Bedcoin aims to reach a direct democratic governance system within the Bedcoin community

It is desired for Bedcoin to be a direct democratic crypto institution rather than an owned institution dictated by the majority of volume holders. Until Bedcoin will implement a democratic decision making body, management will be handled by the cofounders and issuing company.

A voting system will be implemented on the platform that will give one vote per each account that has purchased Bedcoin.

11.2 Bedcoin ownership structure before it's first pre ICO phase

When Bedcoin hit the public eyes in April 2019 the ownership structure of the Bedcoins was shaped as follows:

500 000 000 000 Total supply of Bedcoins

10% owned by Filip Kalebo COFOUNDER, CEO AND CTO

10% owned by Vlad Mavrodin COFOUNDER & CEO

5% owned by Bedcoin mother company for future unexpected expenses and development needs

75% owned by Bedcoin mother company targeted for the Pre & Post ICO Phases to be sold to the global public.
11.3 The LRP - Limited & Restrictions Period

Limitations of Bedcoins trading for Bedcoin cofounders from April 2019 to March 2021
The Time Frame consisting of 2 years pre and post ICO phases is known as the period with trading restrictions as agreed between Bedcoin and it's Cofounders and bound by the principles of the current whitepaper when it comes to the capacity of Bedcoin's Cofounders to sell their coins in the time frame from April 2019 to March 2021, defined here as the LRP (limited & restrictions period time frame from April 2019 to March 2021) as follows:

Not limiting volume but value:

11.3.1 Bedcoin cofounders are allowed to sell a maximum amount of 1 200 000 EUR worth of privately owned Bedcoins in order to cover personal management and Bedcoin relative operational costs, roadshow and setup costs for Bedcoin as a Global Player in the LRP. The 1.2-million-euro amount is allowed to be exceeded under terms of 11.2.

11.3.2 ART of Whitepaper only if Bedcoin Organization’s needs demand it, with justification and only to cover personal management costs, roadshow and setup costs for Bedcoin as a Global Player in the LRP.

11.3.3 Bedcoin cofounders are allowed to sell 5000 EUR worth private owned Bedcoins / month in the LRP.

11.3.4 For values sold above 5000 EUR / month in the LRP - Bedcoin cofounders must donate 50% of the sold values above 5000 EUR / month to Bedcoin mother company with the purpose of investments in the Bedcoin Portfolio.

11.3.5 Bedcoin cofounders are allowed to sell Bedcoins of any value in the LRP if the amounts obtained are targeted for Bedcoin's need and development, critical and or unforeseen needs and emergencies vital for the company.

11.3.6 Bedcoin's cofounders are allowed to sell Bedcoins of any value without restriction for self and any interest Starting April 2021

11.4 Referral bonuses

Depending on phase and management decisions and strategy, Bedcoin can offer referral bonuses ranging from 5% to 25%.
11.5 Profit Sharing

Bedcoin will implement via the Bedcoin Global platform a profit sharing mechanism from the company investments to the coin holders.

11.6 Democratic Decision Making via the Bedcoin Global Platform

Bedcoin will try to implement Democratic Decision making and share decision making with it's crypto currency holders via the Bedcoin Platform.

The scope of having Decision Making in the hands of the cofounders in the first 10 years of existence is needed only to assure Bedcoin's purity of mission and direction as dictated by the funding principles and whitepaper, unless at any moment the cofounders mutually agree otherwise.

Bedcoin's primary management (set to Drive Bedcoin over the first decade of existence) is bound to implement a democratic body in the company’s Global presence for decision making sharing in the Bedcoin community.

Bedcoin cofounders must assure transition of power following their first decade should the Bedcoin Democratic Body ask for it. The idea of Bedcoin is to be an everlasting institution, way past it's cofounders.

Hostile take overs and the effects of destructive greed are to be taken under consideration when shaping Bedcoin's Democratic Body. An example of destructive greed is when greed for profits touches the funding mission and principles of Bedcoin.

The Investors’ voice is of utmost importance from the very beginning, as such, Bedcoin will create the body of the Investors Council. Positions in the Investors Council are to be held depending on the volume of owned Bedcoins by the crypto currency holders. Stepping in Bedcoin's second decade of existence, Bedcoin's decision making should be based on direct democratic votes by all the Bedcoin coin holders via the Bedcoin Global platform.

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