DEFACTO
Whitepaper
 
A Privacy, Proof of Stake, & Polling Digital Asset
 
 Table of Contents
 
  1. Overview
  2. Purpose of this Whitepaper
  3. Why DEFACTO?
  4. What is DEFACTO?
  5. DEFACTO Use Cases
  6. Token Sale
  7. Token Distribution
  8. Roadmap
 
Overview
 
The primary purpose of DEFACTO is to facilitate truly Private transactions and fair Polling on the blockchain, whilst rewarding users through a Proof of Stake system.
 
We will foster equality & fairness & uniformity at a global level in society.
 
‘In law and government, de facto describes practices that exist in reality, even if not legally recognised by official laws. It is commonly used to refer to what happens in practice, in contrast with de jure, which refers to things that happen according to law.’
 
DEFACTO is a Proof of Stake (POS) Privacy & Polling Digital Asset.
 
Privacy: Remain anonymous on the blockchain with bespoke ‘Spectre Protocol’.
 
POS: Accrue annual profits and compound interest using our Proof of Stake (POS) algorithm.
 
Polling: Submit opinions and propose items to be polled on our decentralised dynamic voting system cast as an immutable ledger on our bespoke blockchain platform.
 
Truly decentralised and borderless to allow users to propose and cast votes which may help define policies and shape the society in which we live. Record your views forever and ask other users their views and opinions. Vote on ‘Hot Topics’, Commission Polls for your organisation or ask the community anything.
 
DEFACTO can support dynamic policies for all major policy making genres such as Agriculture, Environment & Rural Affairs, Communities, Education, Economy, Finance, Health, Infrastructure & Justice.

Purpose of this Whitepaper
 
This document provides a written outline of how we envision the DEFACTO platform to grow, technical aspects of our blockchain and a basic overview of our roadmap.
 
The funding for this project will be raised through a crowdfund pre-token sale and token sale and the proceeds will be utilised to further develop our product and platform.
 
The aim of the whitepaper is to clearly and concisely provide the reader with an understanding of the DEFACTO platform and resulting product and platform.
 
Unlike other Whitepapers we provide succinct details in understandable language to ensure all cross sections of the community fully understand the DEFACTO concept.
 
Why DEFACTO?
 
Privacy: Remain anonymous on the blockchain with bespoke ‘Spectre Protocol’.
 
DEFACTO Platform will feature advanced blockchain security protocols to truly anonymise the user. Leveraging Total Obfuscation, Multi-Layered architecture, RingCT tech, Double-Spend Prevention, Anti-collusion techniques, Sharding & Encryption.
 
POS: Accrue annual profits and compound interest using our Proof of Stake (POS) algorithm.
 
DEFACTO Platform will boast a bespoke GUI operating a POS algorithm to reward users who stake coins. A master node system will be in place to further reward high volume holders of DEFACTO coin.
 
Polling: Submit opinions and propose items to be polled on our decentralised dynamic voting system cast as an immutable ledger on our bespoke blockchain platform.
 
DEFACTO platform will allow users to contribute their unique opinion to all manner of topics to be voted on. Users can share, comment, vote, submit items for voting and view current and past polls. All data will be submitted to the blockchain forming an immutable ledger providing transparency whilst allowing the registered user to remain anonymous as per traditional voting methods.
 
A noble usage of DEFACTO would be policy shaping on a global stage;
 
A manifesto is a published verbal declaration of the intentions, motives, or views of the issuer, be it an individual, group, political party or government. A manifesto usually accepts a previously published opinion or public consensus or promotes a new idea with prescriptive notions for carrying out changes the author believes should be made. It is often political or artistic in nature but may present an individual's life stance. Manifestos relating to religious belief are generally referred to as creeds.
 
By achieving widespread consumer adoption, the use of the DEFACTO Platform and voting outcomes would benefit our whole society. We empower users to propose and drive real change in the world and to shape the rules by which we exist through direct involvement.
 
Summary: DEFACTO is a multi-faceted digital asset allowing Privacy & Polling whilst rewarding the coin holder through Proof of Stake (POS)
 
What is DEFACTO?
 
  • State of the art Privacy Protocols to anonymise transactions.
  • Proof of Stake algorithm to reward platform coin holders.
  • Polling activities allows real users to vote plus create and respond to polls.
  • Captures unique votes and topics to be voted upon.
  • Evolves into a comprehensive data store which is dynamic and decentralised.
  • DEFACTO coins are a digital asset which carry voting data and can be traded, stored and invested.
  • >1000 TPS (Transactions per second) fully scalable platform.
  • Bespoke platform with fluid GUI.
  • Organisations, companies and governments can utilise data collected through polling.
  • DEFACTO provides Mobile Android & Apple iOS Apps & Website voting to allow user friendly casting of votes.
  • GDPR, AML & KYC compliant platform to ensure best working practices are in place.
  • Voting outcomes are broadcast to the network for confirmation where network blocks include voting and polling decisions.
  • On Chain data is called through a bespoke API where it is displayed on a GUI.
  • Actual polls and decisions taken remain on the blockchain ensuring an immutable ledger is kept.
  • A finite supply of DEFACTO tokens will be issued. The proceeds of which will be utilised to develop the DEFACTO platform, for bounties and for stakeholder investment.
  • DEFACTO compliments and can replace the need for localised voting and decision making.
  • DEFACTO has no borders and can be used to enhance existing polls, replace antiquated data and create new data based on mass consensus and adoption.
 
DEFACTO Use Cases
 
  • DEFACTO can be used for Private, anonymous and secure cross blockchain transactions.
  • DEFACTO can be used for Proof of Stake (POS) benefits and bonuses.
  • Organisations, companies and governments can utilise data collected through polling.
  • Real user views and opinions can be captured and documented in living documentation.
  • DEFACTO tokens can be used as digital asset class and traded on exchanges.
  • DEFACTO provides the ability to prioritise complex actions using Smart Contracts.
 
Token Sale
 
The Token Sale will start on 01/09/2019
 
The Token Sale will end when the hard cap of 102,400,000 DEFACTO has been issued to investors.
There is a finite amount of 102,400,000 DEFACTO coins available for the Token Sale.
PRE ICO-Bonuses
Pre-ICO 07:00am on 01/09/2019 for a period of 3 hrs = 30% Token bonus
Pre-ICO Day 1 to 8 = 20% Token bonus
Pre-ICO Day 9 to 20 = 15% Token bonus
ICO (After Day 20) = 10% Token bonus (>10 ETH)
 
After Day 20 the ICO will run until the finite supply of 102,400,000 tokens have been purchased.
 
ICO-Payment Amount Bonus
 
Investors providing certain ETH amounts will be eligible for bonus tokens during the ICO
 
>1000 ETH = 10% Bonus
>500 ETH = 8% Bonus
>250 ETH = 6% Bonus
>125 ETH = 5% Bonus
>50 ETH = 4% Bonus
>25 ETH = 3% Bonus
>10 ETH = 2% Bonus
>1 ETH = 0% Bonus
The total supply of DEFACTO tokens is 160.000.000 coins.
This is a fixed and finite supply of DEFACTO coins.
The initial value will be set at $0.51 per coin.
The entire amount of coins for the Token Sale will be pre-mined ready for distribution to investors which will be distributed to the investors ERC20 wallet ~1 week after ETH is received.

Token Distribution
 
160 million DEFACTO tokens will be distributed in the following way:

Percentage Distribution of DEFACTO tokens  
Number of DEFACTO Tokens
 
How DEFACTO tokens will be distributed
64% 102,400,000 DEFACTO tokens distributed to private investors in the ICO.
6% 9,600,000 DEFACTO tokens are distributed to private investors in the PRE-ICO.
10% 16,000,000 DEFACTO​ ​Founders​ ​Team - divided among the 3 DEFACTO founding partners based on the activities and participation of each individual prior to the token exchange. 80% of these funds will be held in Escrow for a period of 1 year from the ICO Start Date.
8% 12,800,000 DEFACTO​ ​Reserve - A professionally managed fund to provide healthy long-term growth of the DEFACTO Platform, OTC exchanges, Operational & Recruiting costs. Partnerships associated with the Managed Fund Program are currently under Non-Disclosure Agreement (NDA), and official announcements will be made by DEFACTO in community updates.
5% 8,000,000 PR & Marketing activities, exchange listings, press releases and media exposure and coverage.
3% 4,800,000 Bounties – DEFACTO Supporting Websites, Video Contests (All winning content becomes the property of DEFACTO and may be used for commercial purposes), Blog/Media Articles, Translations, GITHUB development or bug bounties and hackathons.
3% 4,800,000 Advisory team – Advisors and consultants will be engaged at various stages throughout the development lifecycle of DEFACTO platform.
1% 1,600,000 Lottery – Once the ICO is completed a lottery will be conducted for investors who have provided >10 ETH
     
 
64% / 102,400,000 of DEFACTO tokens distributed to private investors in the ICO.
6% / 9,600,000 of DEFACTO tokens are distributed to private investors in the PRE-ICO.
10%​ / 16,000,000 ​to​ ​the​ DEFACTO​ ​Founders​ ​Team - divided among the 3 DEFACTO founding partners based on the activities and participation of each individual prior to the token exchange. 80% of these funds will be held in Escrow for a period of 1 year from the ICO Start Date.
8%​ ​/ 12,800,000 DEFACTO​ ​Reserve - A professionally managed fund to provide healthy long-term growth of the DEFACTO Platform, OTC exchanges, Operational & Recruiting costs. Partnerships associated with the Managed Fund Program are currently under Non-Disclosure Agreement (NDA), and official announcements will be made by DEFACTO in community updates.
5% / 8,000,000 for PR & Marketing activities, exchange listings, press releases and media exposure and coverage.
3%​ / 4,800,000 ​for​ ​Bounties – DEFACTO Supporting Websites, Video Contests (All winning content becomes the property of DEFACTO and may be used for commercial purposes), Blog/Media Articles, Translations, GITHUB development or bug bounties and hackathons.
3% / 4,800,000 for Advisory team – Advisors and consultants will be engaged at various stages throughout the development lifecycle of DEFACTO platform.
1% / 1,600,000 for Lottery – Once the ICO is completed a lottery will be conducted for investors who have provided >10 ETH and the bonuses will be as follows;

 Total of 1,600,000 DEFACTO allocation breakdown for POST-ICO Lottery

Place Distri­bution DEFACTO Token
1
2
3
4
5
6
7
8
9
10
30%
20%
10%
9%
8%
7%
6%
5%
2,5%
2,5%
480,000
320,000
160,000
144,000
128,000
112,000
96,000
80,000
40,000
40,000

We are legal and compliant. You will be required to provide KYL & AML documents for investments >5 BTC or equivalent in ETH.
Roadmap
 
The DEFACTO platform will be regularly updated through community channels. The following is not an exhaustive list;
 
  • Initialising our Consultancy stable Cipher.guru 1Q18
  • Authoring a Final Version of the DEFACTO whitepaper 2Q18
  • Creation of our Token Sale Website 2Q18
  • ERC20 Smart Contract & Token Creation 2Q18
  • Operational & Logistic activities including Legal 2Q18
  • Creation of our Voting / Polling system core functionality demo Product 3Q18
  • PR & Marketing activities >3Q18
  • DEFACTO Token Sale 01/08/2018
  • DEFACTO Token Distribution to participants 3Q18
  • Operational & HR activities 3Q18
  • New DEFACTO Website Release 3Q18
  • DEFACTO Platform Test Net Release 2Q19
  • Android & iOS App Alpha releases 3Q19
  • Android & iOS App Beta releases 4Q19
  • DEFACTO Platform Main Net Platform Release 1Q20
  • DEFACTO Web Wallet release 1Q20