The last five years witnessed rapid progress regarding blockchain technology and regulation. Throughout this time, as an application and product of BitOcean Global, OceanEx holds a strong belief that at the end of the day blockchain technology would be used by everyone, knowingly or unknowingly. We firmly believe that the world will use blockchain in the similar capacity, and at a similar public understanding, as the TCP/IP protocol is used when people are accessing the internet. It is with that understanding that we aggressively act to ensure the proper path for blockchain technology, to make the world better by transforming businesses and industries by incorporating values from technology.

During our journey, BitOcean Global has discovered, and is working with, one of the world’s most transformative blockchain entities: VeChain. VeChain is committed to building a public blockchain platform designed for mass adoption through enterprise applications. We have found that we share identical visions of how this technology reaches adoption and the regulatory and enterprise level hurdles that it has to overcome to get there. As the leading enterprise level blockchain, the VeChainThor Blockchain will be the public blockchain with the most business activity in the world, in turn creating the most real-world value.

As the VeChainThor Ecosystem grows, we see ourselves contributing our expertise and devotion and playing a significant role in VeChainThor Ecosystem. OceanEx’s trading service and related offerings will provide a bridge between the crypto world and the physical world for the VeChainThor Ecosystem. This platform is a necessity, not only for VeChains adoption, but the widespread adoption of cryptocurrency in general.

OceanEx is a proprietary cryptocurrency exchange and asset management platform launched by BitOcean Global that will serve as an exchange, trading platform and asset management platform within the VeChainThor Ecosystem. This platform is fortified by cutting-edge artificial intelligence (AI) technologies, which provides an actively protected and ultra-liquid cryptocurrency trading market, full-fledged quantitative trading capabilities, and a rich set of tools and products to meet a wide spectrum of investment strategies from all types of investors.

Key Strategic Visions:

Vision 1:

Service: The VeChain Ecosystem

We understand the future of the VeChain Foundation and the VeChain Ecosystem. By pledging our platform to be built on the VeChainThor Blockchain, we not only are we making a stand for their technological advancement but also their long-standing business use cases that will emerge from their utility. As a core member of the VeChain Ecosystem, all VeChain Foundation incubated, sponsored, or approved projects will always be favored and will be listed before non-incubated VeChain projects. Tokens will also be able to be traded with a VET pairing.

Vision 2:

Smart: The Technical Frame

In the past few years, we have witnessed the blossom of blockchain projects and a variety of associated tokens being exchanged on a variety of cryptocurrency exchanges. A significant concern of cryptocurrency exchanges is platform security, where there are numerous major incidents reported by large cryptocurrency exchanges involving account hacking and/or theft of funds. OceanEx believes that platform security is the top priority of our exchange service, and that the liquidity of token exchanges is the center of blockchain ecosystems and thus reliability and financial functionalities of exchange services are vital to sustaining the blockchain community. At OceanEx, we embrace the cutting-edge artificial intelligence (AI) technologies and apply them to facilitate the security and reliability of our next generation exchange.

OceanEx integrates AI into every aspect of the exchange design. Proprietary machine learning algorithms are implemented to perform outlier detection in users’ transaction data stream to detect suspicious trading patterns for individual users. In addition, our algorithms oversee the entire exchange platform and verify if the distribution of trading orders from all users is normal, or has deviated from the expected norm. This ensures that the safety of the asset will receive maximum protection, including in a worst-case scenario where user accounts are compromised by hackers. AI technology is also used to enforce the reliability and scalability of OceanEx, where the size of the server cluster is adaptively changed to fit the future trading volume predictive by data-driven machine learning models. OceanEx is also equipped with a powerful market making agent based on a suite of deep reinforcement learning algorithms to maximize liquidity and fairness of trading.

While maximized security and reliability as the foundation of OceanEx, the platform also offers a variety of financial features for advanced and professional traders, through the optimized design for high-frequency trading.

A few key Technical Features of Ocean Exchange Include:

1.OceanBrain: OceanEx’s secured artificial intelligent system analyzes massive user trading behavior data and performs recommendations on our asset management products, thanks to OceanBrain, our large-scale machine intelligence engine.

a. OceanBrain is incorporated into all aspects of OceanEx, governing the platform security through monitoring mass behavior, detecting malicious transactions to secure customers’ funds, enhancing availability and scalability of server infrastructure. b. OceanBrain engine uses large-scale historical data generated in OceanEx to identify predictive models, and user the predictive models to predict future unknown data. c. Technically, OceanBrain is based on the cutting edge machine learning paradigm: large-scale deep reinforcement learning (similar architecture as AlphaGo), which provides extraordinary learning capability and learns by interacting with OceanEx. OceanBrain is different from most AI systems nowadays in that:

i. Whereas most state-of-the-art AI systems are purely data driven, OceanBrain operates at a “hybrid mode” that makes decisions by combining human knowledge and evidence from data.

ii. OceanBrain accumulates its learning capability over time, through our lifelong learning techniques. Patterns learned in previous learning tasks will be transferred to new task domains, just like human learning, connecting new concepts to learned concepts.

2. OceanQuant: Supports quantitative trading through the OceanQuant engine, allowing users to backtest and deploy customized trading algorithms on OceanEx;

a. Specifically, OceanQuant provides a full-fledged quantitative platform for cryptocurrency trading, including a set trading APIs in Python language that allow users to retrieve market statistics, analyze the historical market and its changes, and place orders automatically through programming language. b. OceanQuant engine allows users to perform backtesting of their Algo by feeding historical data in our platform. c. The tested algos can be deployed in our high performance trading bot containers. The containers are connected to OceanEx matching engine through our dedicated high-frequency trading infrastructure.

3. OceanMarket: Enables social trading through OceanMarket, which gives the option for algorithm developers to enable other users in Ocean Exchange to subscribe their algorithm and earn transaction fees for high-performance algorithms;

a. Once an algo is published, other users in the platform can subscribe to the algo by creating a custodian account in OceanEx. Algo publishers can set a limit to the total volume and number of followers. b. The performance (volume and gain etc) of published algos will be tracked and the historical performance will be publicly available online. OceanEx will also publish indices evaluating the performance, guiding the buyers and informing risks of the algos. c. QuantMarket will be strictly supervised by OceanBrain to prevent malicious trading behavior. A credit system will be developed based on OceanBrain that ensures the security and sets a upper limit of volume and subscribers based on the behavior of the algorithm and credibility of the author.

Vision 3:

Variety: Choices in Product Offering:

CryptoBento™: OceanEx strives to always be a leader in creativity and innovation in the crypto exchange industry. CryptoBento™ is a significant innovation in that it is a type of bundle that owns/represents the underlying cryptocurrencies at any fractional or full amount in predetermined ratios as set by the issuing liquidity provider to be traded as a joint “boxed” sets. Coin holders do not directly own or have any direct claim to the underlying investments in the fund; rather they indirectly own these cryptocurrencies through the CryptoBento™ that can be purchased on the OceanEx Platform.

Vision 4:

Empower: Revolutionary Exchange Community

The development of the OceanEx Platform is to encompass all aspects of a world ran on cryptocurrencies. That is a big dream, a dream we can not achieve without the deep involvement of our beloved community. We have established revolutionary ways to empower any users to contribute, earn, and grow on and with the OceanEx Platform. OceanEx is not just a tool, it will be a way of life. More to come.

Initial Development Phase:

BitOcean Global will initially focus on delivering a secure and reliable cryptocurrency exchange platform: OceanEx.

The first stage of OceanEx’s focus will be on speed and ease-of-use. In addition to providing trading pairs in BTC, ETH with other mainstream tokens, OceanEx will provide VET trading pairs and will list all new projects officially endorsed by the VeChain Foundation and released on the VeChainThor Blockchain. OceanEx will be launched with our proprietary trading engine that is ultra-efficient and optimized for high-frequency trading. OceanEx will be supported by the exchange’s native token “OCE”.

On-going Development Phases:

BitOcean Global will focus on building a fully fledged professional cryptocurrency management and investment platform based on the OceanEx Exchange, and at the same time engage and empower our community members by revolutionizing the crypto exchange landscape. These efforts will build an ecosystem for OceanEx and provide a significant amount of additional value to the members of both VeChain ecosystem and BitOcean ecosystem.

OceanEx will provide a suite of open-source API to allow users to develop cryptocurrency trading algorithms and deploy customized trading algorithms. The user developed algorithms will be optionally available in a strategy marketplace, where the performance of the trading algorithms will be tracked publicly, and other users could subscribe to the algorithm through user- defined commission fees in the form of OCE (OceanEx token). Meanwhile, users can use “OCE” to purchase OceanEx exclusive CryptoBento™ that are managed by our professional Fund managers. There will be many more features and creations coming in the not too distant future.

BitOcean Global Entity

During the rebranding event in February, we fought to be the first to announce that we will be doing a New Token Issuance on VeChainThor Blockchain. Prior to the announcement, we made a pledge to the VeChain Community and VeChain Foundation that we will be there fighting for their success. We pledged to be the first to serve the greater ecosystem of VeChainThor Platform from the beginning, and to add more value for the standalone communities within VeChainThor, such as Plair, MustangChain, DECENT.bet and all the announced new communities to come. This pledge supported our unwavering determination to the completion of exchanges core. The OceanEx Platform will be an integral value structure for the growth of the VeChainThor Blockchain.

However, this did not come at a cost. Our pledge and our commitments within the Japanese Government became in conflict, and by no request of VeChain, we decided that we would push on despite them. It is for that reason that we have made the decision to push our OceanEx out in to the global market, separately from BitOcean Japan where the entity is still undergoing Japanese regulatory procedures. As the Japanese Government moves forward, BitOcean Global will once again service the Japanese population in force.

The Raise

We have determined that the max supply of OCE (OceanEx tokens) outstanding will be 10 Billion tokens. This round of issuance will be separated into 2 or 3 tranches, the Private Round and the VeChain Community Round, there will be no Public Round for OCE Token Issuance. 27.5% of all OceanEX tokens minted will be issued to Private and VeChain Community round participants, for a total of 4,125,000 VeChain Tokens raised, the total valuation of all OCE tokens is 15,000,000 VET tokens.

There might be another round of special token issuance tranche of 2.5% tokens if and when the management team deem necessary, around the launch of our platform.

In all rounds of token issuance, only VET Tokens will be accepted for our Token Issuance.

We will release VeChain Community round timing and procedures in due time.

Private Round

Total 2,062,500 VET.

The Private Round process will kick off within the next days, if you believe that you can add value and would like to participate in the Private Round, please email info@bitocean.org. Eventually, the Private Round will be invitational only.

VeChain Community Round

Total 2,062,500 VET.

VeChain Community is composed of X Node holders, Economic Node holders and non-node wallets with more than 50 VeChain Tokens

No Public Round.

*All “VET” mentioned in the Private Round or VeChain Community Round refers to Pre-split VeChain Token.

The Token Allocation