GOCHAIN (GO) A scalable, high performance, low cost, and decentralized blockchain that supports smart contracts and distributed applications. KEY METRICS [as of 5 Nov 2018] Ticker GO Latest Price $0.0584 USD Current Market Cap $36.66MM 30 Day Avg Market Cap $33.57MM 24H Volume $2.80MM 30 Day Avg Volume $6.74MM Circulating Supply 627,603,035 GO Total Supply 1,020,965,644 GO All Time High Price $0.1165 USD (9 Jul 2018) No. of Mainnet Txns 211,451 Project Website https://gochain.io/ KEY HIGHLIGHTS Raised ~$12MM in private and public token sales between Feb to Apr 2018

GoChain mainnet launched in May 2018

GoChain will host 4 planned ICOs on their platform RECENT NEWS Oct 2018: Crypto Rancho, a decentralized farming game, launches on GoChain mainnet

Crypto Rancho, a decentralized farming game, launches on GoChain mainnet Oct 2018: Private blockchain deployment offering made available on Microsoft Azure for Enterprise clients and developers to easily deploy their own private GoChain network

Private blockchain deployment offering made available on Microsoft Azure for Enterprise clients and developers to easily deploy their own private GoChain network Q3 2018: Four companies (Job.com, Solaster, Etherprise, Veritoken) make official announcements to use GoChain as their ICO platform

Four companies (Job.com, Solaster, Etherprise, Veritoken) make official announcements to use GoChain as their ICO platform Aug 2018: GoChain partners with Primablock, a blockchain service for crypto pooling, enabling investors to pool funds for GoChain-based ICOs that raise both ETH and GO

GoChain partners with Primablock, a blockchain service for crypto pooling, enabling investors to pool funds for GoChain-based ICOs that raise both ETH and GO Aug 2018: Trust Wallet adds full support for GoChain & all GoChain based tokens & assets

Trust Wallet adds full support for GoChain & all GoChain based tokens & assets July 2018: GoChain partners with MB Technology to bring at least $500MM in ICOs to the GoChain platform over the next 12 months (to July 2019)

WHAT IS GOCHAIN? GoChain (the “Project”) is a decentralized blockchain network that uses Proof of Reputation as a consensus model to support smart contracts and distributed applications. The Project aims to be the following: A scalable, high performance and low cost public cryptocurrency

A platform to build decentralized applications and theft-proof smart contracts

100% compatibility with Ethereum wallets, smart contracts and other tools

Fast transactions and contract execution GoChain’s primary mission is to be “10x more decentralized, 100x faster and 1,000x greener (less energy used to run the network) than Ethereum.” The Project would also like to remain Ethereum compatible so that users can use GoChain without changing their code or developer tools. Key Features of GoChain: Native GO-20 tokens, which are Ethereum compatible

1,300 TPS with low gas fees achieved with 3 live nodes on mainnet

Proof of Reputation ("PoR") consensus model that depends on the reputation of its participants to keep the network secure Authorized signers to be comprised of 50 reputable companies from multiple industries and spread out across multiples countries

Voting out bad acting nodes or onboard more reputable companies

Company and DNS verification to authorize signing nodes

TOKEN SALE AND ECONOMICS GO Token Ecosystem GO tokens are paid out as transaction fees to trusted nodes run by up to 50 authorized signers who create, sign, and distribute blocks to other nodes. A list of authorized signers is maintained on the blockchain and they are rewarded with GO tokens for each signed block. KEY METRICS Token Name GO Token Type Native Coin Private Sale Allocation 34% of Total Supply Public Sale Allocation 17% of Total Supply Private Sale Dates Feb-Apr 2018 Public Sale Dates Apr-May 2018 Token Sale Price 20,000 GO / 1 ETH Amount Raised $12MM Circulating Supply 627,603,035 (61%) Public Token Sale: Public Pre-sale in Apr 2018: 146MM GO sold for 6,740 ETH at an average exchange rate of 21,690 GO = 1 ETH

Public Sale in May 2018: 26MM GO sold for 1,300 ETH at an average exchange rate of 20,000 GO = 1 ETH

~17% of total tokens were issued during the public sale Private Token Sale: Conducted from Feb 2018 to Apr 2018 and reached soft cap of 65MM GO at a rate of 26,000 GO = 1 ETH, raising 2,500 ETH (~$1.3MM) at ~$0.02 per token

Full private sale beyond soft cap was 338MM GO, sold for 12,443 ETH at a rate of 27,139 GO = 1 ETH

Approx. 34% of total tokens were issued during the private sale Token Supply Distribution: A total of 20,484 ETH (~$12MM) was raised in private and public token sales, representing 51% of all tokens Team was allocated 10% of the total tokens issued. Tokens began unlocking in October 2018, vesting quarterly

was allocated 10% of the total tokens issued. Tokens began unlocking in October 2018, vesting quarterly Advisors were allocated 6% of the total tokens issued. Tokens began unlocking in October 2018 with an initial unlock of 30MM tokens, then vesting semi-annually starting February 2019

were allocated 6% of the total tokens issued. Tokens began unlocking in October 2018 with an initial unlock of 30MM tokens, then vesting semi-annually starting February 2019 Token Treasury make up 10% of issued tokens and are reserve tokens used to fund the company going forward (to be unlocked May 2018) Marketing/Legal/Op expenses to be covered by 14% of total tokens issued. These have been unlocked and will be used on an as-needed basis for marketing, legal and operational expenses

expenses to be covered by 14% of total tokens issued. These have been unlocked and will be used on an as-needed basis for marketing, legal and operational expenses GoChain Fund makes up remaining 10% total tokens issued. The fund will be used to strategically invest in companies that decide to build their dApps on GoChain. GO Token Release Schedule The following chart represents the number and breakdown of all GO tokens released into circulation on a monthly basis from May 2018 (token sale date) to March 2021, at which point all GO tokens are expected to be in circulation. Token Governance & Use of Funds As of October 2018, Gochain has already used approximately 50% of its ICO funds on the following activities in the ratios below: 10% partnerships

10% funding projects

60% team

15% marketing

5% travel / conferences All remaining token sales proceeds are locked in a multi-sig cold wallet which requires both the team’s and their lawyers’ keys to access. GO Token Holder Concentration The Top 10 token holders are highlighted below:

ROADMAP & UPDATES Communicated vs Completed Milestones GoChain has hit the milestones that they originally set out in the ICO, the most significant of which was launching their mainnet launch in May 2018. GoChain’s latest focus has been on rewriting the storage engine to support a much larger blockchain in order to better support more data. The next major change on the Project’s roadmap for this year is upgradeable smart contracts. A key security issue with the Ethereum network is the lack of theft prevention measures — GoChain aims to reduce the chance of theft from bugs, by equipping smart contracts with the ability to pause a contract (stop the theft) and upgrade it (fix the bug that made the theft possible). Read more on the upgradeable smart contracts proposal here. The team has continuously worked on stability and performance improvements with a target of hitting 13,000 TPS in 2019. PLANNED DATE MILESTONE COMPLETED TIMING LINK Dec 17 Proof of Concept Dec 17 On Time N/A Feb 18 Private Sale. Build out testnet Feb 18 On Time Medium Mar 18 Testnet live and available for review Mar 18 On Time Medium May 18 Public Sale May 18 On Time Medium May 18 Public Network Launch May 18 On Time Medium Q4 2018 Next Generation Smart Contracts In Progress In Progress Github Q1 2019 Apache 2.0 Licensed Rewrite In Progress In Progress N/A Q2 2019 Achieve 13,000 TPS In Progress In Progress N/A Commercial Partnership and Business Development Progress As GoChain’s success largely revolves around its ability to drive adoption to its platform, the project has been very active in closing key commercial and strategic partnerships. This progress includes: Two upcoming middleware projects built on GoChain:

Media Protocol: An open source blockchain protocol that gives brands visibility about how consumers interact and share content.



Esprezzo: Tools for developers to build data-rich, cryptographically-secure on-chain apps without prior blockchain experience.

Four ICOs announced - the following teams will accept a mix of ETH and GO for contributions, while distributions will all be in GO-20 tokens, native to GoChain: Solaster | Veritoken | Etherprise | Job.com Partnerships & GO token integrations with wallets & aggregators such as Trust Wallet, Primablock, MyEtherWallet, & Blockfolio.

such as Trust Wallet, Primablock, MyEtherWallet, & Blockfolio. Partnered with MB Technology, an ICO advisory firm led by GoChain advisor MB Technology, to bring at least $500m in ICOs to the GoChain platform over the next 12 months (from July 2018).

Member of the Ethereum Enterprise Alliance

Attracting developers to build dApps on GoChain by sponsoring hackathons (BuildETH in San Francisco for example), with plans to sponsor additional events that align with GoChain's vision. The GoChain team will not receive any tokens from projects that choose to conduct an ICO using the GoChain platform. However, team members are free to become advisors on projects as they see fit, as long as they are transparent and the roles do not conflict directly with GoChain.

TEAM OVERVIEW Jason Dekker CEO Serial entrepreneur | Former hedge fund manager with more than $250MM AUM

Travis Reeder CTO Over 20 years of experience developing high-throughput, high scale applications and cloud infrastructure services.

Matthew King Director of Business Development Worked in Fortune 500 sales at Microsoft and technology investment banking at Morgan Stanley Ian Alexander Director of Client Success



Adam Norris Director of Marketing



Brooke Hansen Social Media Director

Ben Johnson Sr. Software Engineer



Jordan Krage Sr. Software Engineer



Roman Kononov Sr. Software Engineer



TRADING DATA Liquidity GoChain (GO) trades on Binance, Bittrex, Bilaxy, Kucoin, and Upbit. Core trading pairs include GO/BTC, GO/ETH, GO/USDT, and GO/BNB. Volume & Market Cap GO is an actively traded token with an ~$6.7mm 30 day avg. trading volume and ~$33.6mm 30 day avg. market cap (as of 5 Nov 2018).

TECHNICAL OVERVIEW Github Overview GoChain has a total of 20 Github repositories, all of which are public. In aggregate, the GoChain team has made significant technical progress as highlighted within each of these repositories. Additionally, key public repositories have documentation in Github, as well as in the separate documentation repository. Top Public Github Repositories GoChain The core GoChain client and related libraries 237 People 9941 Commits Explorer Block explorer for GoChain 9 People 364 Commits Wallet GoChain Wallet 5 People 65 Commits

NETWORK & BLOCKCHAIN DATA Fees & Rewards Similar to ETH, users of the GoChain platform must pay transaction fees (or “gas”) in GO tokens to perform transactions on the blockchain. Authorized signers will create, sign, and distribute blocks to other nodes and earn GO tokens. The rate of rewards will be 4.4% of total tokens (44MM) in year 1 and will decrease over time. The amount awarded per block will depend on the finalized block times. Block times are 5 seconds so each node is rewarded 7 tokens per signed block in the first year. There will also be small transaction fees that the authoritative node will keep for signing the block containing the transactions. GoChain claims that current gas fees are already 7,500x cheaper than ETH’s, and will remain low until capacity is maxed out. Estimated Annual Growth in GO Tokens Source: GoChain Management Team Voting Process GoChain has implemented a two-phase voting process. For the initial rollout, the GoChain Foundation will add the first 50 signers to the authorization list. This will help ensure forced decentralization and avoid interference by any single government. Once 50 authorized signers have been established then voting control will be handed over to the signers to govern themselves. The PoA implementation repurposes several block headers to pass voting information between nodes. Authorized Signer Selection and Verification Initially, 50 reputable companies from different industries and countries will be chosen by the GoChain Foundation to be the authorized signers. This aligns with the PoR consensus model where a participant must have a reputation that is important enough that they would face dire consequences if they were to cheat the system–in both brand and financial terms. Most businesses would face serious consequences if they were caught cheating a financial network. Larger companies with well known, strong brands will be chosen over smaller companies with less to lose in the event of a malicious act. GoChain will look at a variety of factors for onboarding new nodes: Number of years in business

Number of employees

Annual revenue

Brand recognition Source: GoChain Management Team GoChain will then compare the potential candidate to the existing nodes as a relative comparison. As the reputation of nodes on the network increases, the threshold for becoming a new node will continue to increase as well. Companies which operate authorized signer nodes will go through a verification process to ensure that their identity is correct. These validation steps will be automated through the use of smart contracts on the blockchain. The Proof of Authority (“PoA”) implementation provides a point-in-time signer and voting state to provide full transparency to end users. Combined with the verification data stored within smart contracts, users can see what companies are running nodes. More detailed information on the verification process can be found in the GoChain whitepaper. As of October 2018, GoChain has onboarded only 11 out of the 50 targeted authorized signers. Below is a list of the current companies signing blocks: Name URL Signing Address(es) GoChain https://gochain.io 0xed7f2e81b0264177e0df8f275f97fd74fa51a896

0x3ad14430951aba12068a8167cebe3ddd57614432

0x3729d2e93e8037f87a2c9afe34cb84b7069e4dea

0xf6290b7f9f871d21317acc259f2ae23c0aa69c73 Cloud Carib https://www.cloudcarib.com/ 0xe1200caf0d92018fe111943faf91a0c5f6db34d1 Procurious https://www.procurious.com/ 0xdd9ce1d9d548d0c5ac333a1b2d2042281886c5ea KuCoin https://kucoin.com 0x1ee4baf2cccc633b8e2c06a3ac20319610cf3cd5 ICOSyndicate https://icosyndicate.org/ 0x95dddf0006c6a2cae3d719efda527ce7ff8bef9c Blockox Fund http://blockox.vc/ 0x1324567409b771d09a6abdb4af249b7fe2de45fc SafeContracts https://safecontracts.io 0x76c8b15940c5b0775389d4e6adb854182930a0ee SheGO http://shego.org/ 0x4ed78f888e3d8f9f50e3f23e0ff2cf55550015bd Warner BP https://warnerbusinesspark.ca/ 0x48c67d87cd7d716ec044dbe33a0152557bf86062 The Him http://www.thehimmusic.com/ 0xd707552e5cc8e894d76fd0c82eb368c2f3a4af1a Primablock https://primablock.com/ 0x22d68b3bf15b37605c29e2477ef55729593cf40a

Transaction Speed and Block Data GoChain ran a live load test in March 2018 and achieved an average transaction speed of ~1,354 TPS with 3 live nodes. Stats can be found here.

COMMUNITY DATA Social Community Overview & Strategy GoChain’s primary strategy to grow its community is to drive adoption through dApps that are built on GoChain. Current community activity is globally distributed, with a concentration in Asia and Europe. Telegram (English) | 10,360 members

Telegram (English) | 10,360 members Telegram (Chinese) | 32,763 members

Telegram (Chinese) | 32,763 members Telegram (Dutch) | 266 members

Telegram (Dutch) | 266 members Medium | 500 Followers

Medium | 500 Followers Twitter | 7,232 followers

Twitter | 7,232 followers Facebook | 4,054 Likes

Facebook | 4,054 Likes Reddit | 565 Subscribers

COMPETITOR OVERVIEW As a transactions-focused protocol with a live mainnet, GoChain considers Ethereum (ETH), EOS (EOS), NEM (XEM), Stellar (XLM), Wanchain (WAN), Neo (NEO), TRON (TRX), and Tezos (XTZ) as their main competitors.

A comparison table of mainnet blockchains which GoChain considers as competitors are as follows: Key Comparables NAME CONSENSUS MARKET CAP ($MM) PROGRAMMABLE DESCRIPTION GoChain PoR $37.66 Yes - Solidity Scalable, high performance, low cost, and decentralized blockchain that supports smart contracts and dApps EOS dPoS $4,957.16 Yes - WebAssembly Enables developers to create blockchain-based applications, focusing on dApps, smart contracts and decentralized autonomous corporations. NEM PoI $810.00 No - Offchain Open, customizable blockchain solution for any number of use cases built on top of simple, powerful API calls Stellar SCP $4,734.53 NA Free, open-source network that lets anyone build low-cost financial products for their community. Wanchain PoS $107.21 Yes - Solidity Wanchain platform will allow any institution or individual to set up their own virtual teller window in the "bank" and provide financial services like loans, settlements, and credit payments with digital assets NEO dBFT $1,058.85 Yes - Multiple languages China-based blockchain ecosystem which aims to rival Ethereum through smart contracts, dApps, and token issuance systems TRON dPoS $1,314.96 No Decentralized entertainment content sharing platform that leverages blockchain & peer-to-peer network technology Tezos PoS $795.81 Yes - Michelson Protocol that hosts dApps and smart contracts. It uses community input to improve upon its flaws and create a fast, secure, and efficient blockchain platform ** Market Cap as of 5 Nov 18

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