TM

XCARD

product of

Location

COPYRIGHT 2018-2019 MOBILUM OÜ

Lõõtsa tn 5 Tallinn Harjumaa 11415, Estonia

E-mail address

[email protected]
 00
EXECUTIVE SUMMARY

XCARD is an all-in-one digital wallet & the most convenient crypto credit card. It enables you to perform any financial and
cryptocurrency transaction in real-time, with no limits. XCARD makes your experience with crypto as easy as FIAT money
whether it's your first time, or if you're an advanced user.

XCARD is a part of the Mobilum ecosystem which consists of a wallet, card, exchange & foundation API. All these
features combined create a leading “any to any” instant payment platform and point of sale system that integrates
crypto and fiat currencies with the most convenient payment methods – cards, wire transfers and wallet to wallet
transactions. With XCARD you can pay or receive a payment, the buyer and seller decide which currency they use –
independently.

XCARD provides the best execution rate, immediate transaction execution and the lowest fees on the market.
Cooperation with VISA and the implementation of new services such as SEPA (Target/TIPS) and SWIFT schemes allows
users to benefit from fast and cost effective transfers globally. XCARD’s platform is fully KYC AML compliant and
licensed by the financial supervision institutions of Lithuania and Estonia.

CRYPTO WORLD BUY NOW INSTANT

IN YOUR POCKET PAY LATER TRANSACTIONS

LEGAL DISCLAIMER
This document provides an initial summary of certain business objectives underlying the XCard
project. This document is expected to evolve over time as the project progresses, and the xcard
team may post modifications, revisions and/or updated drafts until the final document is published
prior to the date of the public token sale. This whitepaper sets out a description of the planned
xcard platform and the intended future use of the mbm token. This is being provided for
information purposes only and does not create any binding legal obligations. Participation in the
mbm token sale will be governed by separate agreement which you shall be required to accept in
order to make a contribution to xcard for the purchase of mbm tokens. This whitepaper is not an
offering document or prospectus, and is not intended to provide the basis of any investment
decision or contract.

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 Contents
1.CRYPTO CARD IN YOUR HAND 03
2. HOW XCARD WORKS 08
3. XCARD TECHNOLOGY 14
4. XCARD BUSINESS ENVIRONMENT 17
5. XCARD’S TOKEN SALE 22
6. XCARD COMPANY 29
7. LEGAL 30

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 01
XCARD
CRYPTOWORLD
IN YOUR HANDS

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XCARD
Powered by:

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 XCARD’S MISSION 01

XCARDS MISSION IS TO CONNECT FIAT CURRENCIES

AND CRYPTOCURRENCIES IN REAL-TIME. WE ARE
ENABLING INSTANT PAYMENTS IN ANY
CRYPTOCURRENCY FOR THE FIRST TIME, DECREASING
THE TOTAL COST OF EACH TRANSACTION AND
GUARANTEEING THE MOST FAVOURABLE EXECUTION
FOR CUSTOMERS.

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 PROBLEM DEFINITION 01
Thanks to cryptocurrencies, we have a great way to receive and send money. However, it is almost impossible to pay with
cryptos or tokens in any regular shop, taxi or even online. You have money in crypto but you cannot spend it.
Millions of people – who can’t do anything with their wealth.

Why is that?

CONSENSUS COSTLY, SLOW AND DIFFICULT LOW LIQUIDITY, HIGH

MECHANISMS UNCERTAIN ONBOARDING VOLATILITY AND
LATENCY TRANSFERS PROCEDURES UNCERTAINTY

No Opportunities to Pay With Cryptocurrencies

There are a lot of reports and stories that tells how to spend crypto in a trendy new bar or a corner store where the
customer can pay for drinks or snacks in Bitcoin, Ether or whatever new cryptocurrency. However these reports are
vastly exaggerated and the reality looks different. The number of commercial establishments that accept crypto is
estimated much lower than 0.1% worldwide. Those that accept cryptocurrencies are merely curiosities in our economy
and f or many of them it is just an experiment that is soon to be terminated. For example, many of the entries in
Coinmap, a world-wide directory of businesses that accept crypto are at any given time, already out of business or
have stopped accepting crypto. T his problem is a direct result of another: more technical challenge that is at the heart
of the lack of merchant adoption in cryptocurrencies.

Overly Long Settlement Intervals

The main feature that was and is responsible for the enthusiasm with which the blockchain is greeted in many
industries is at the same time the root of one of its major problems: the consensus mechanism. At their heart, Proof of
Work, Proof of Stake and other approaches to consensus are designed to disincentives cheating and fraudulent
transactions in the system. Honest transactions are confirmed by network participants. However, the distributed nature
of this process makes it slower than systems that rely on centralised authorities, such as classical credit card payment
systems. In the latter, the merchant receives immediate confirmation of a successful transaction and can be safely
assured that the transfer of funds has actually taken place. Not so in cryptocurrencies . I n order to be sure that the
transferred funds have actually been transferred from buyer to seller, the seller has to wait for a certain amount of
time and confirmations, rendering the system slow and inappropriate for real-time micro transactions, such as paying
for a coffee to go. Along with high transaction costs, this drawback has so far been a major obstacle to mainstream
adoption of cryptocurrency payments. The processes involved are incompatible with the routines and incre a sing time
pressure of everyone’s daily life. Moreover, the long transaction times lead to another disadvantage in cryptocurrency
economy.

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 PROBLEM DEFINITION 01
High Volatility and Exchange Rate Risk
Due to their technical concept – consensus mechanisms and redundancy – cryptocurrency transfers may be fast, but
are not instant and real-time. Thus, in the time that a coin needs to be transferred from one address to another, the
exchange rate may have changed significantly, especially in times of high volatility. This will be true as long as people
pay most of their living expenses in FIAT currency. Commercial prices will be based on FIAT rates and then be
converted to cryptocurrency expressly for the purpose of paying in crypto. Then, crypto is converted back to FIAT
possibly as a significantly larger or smaller amount of FIAT than originally intended. This is a risk that neither business
p eople nor customers want to bear.

Risk of Fund-Freezing

The idea that the use of cryptocurrencies will render your business or personal funds independent of the influence of
untrustworthy or even malicious third parties is a common misconception. Current solutions for convenient spending of
cryptocurrencies rely on a traditional electronic purse: a so-called pre-paid card model. This makes you dependent on
one particular card issuer, a classical centralized third party that blockchain technology once promised to make
redundant. Full dependence on one supplier is never a good way to manage risk. The vendor may stop supporting
cryptocurrencies at will, at any time or change their terms and conditions as they please. This has been recently e
xemplified by cryptocurrency exchange Coinbase, who chose to freeze the Wiki Leaks account without providing their
reasoning behind this to the public. What if tomorrow your business model, your industry or the country that your
business is based in is considered unacceptable by your payment provider?

High Inflation in FIAT Currencies

The US Dollar has lost 90% of its value during last 100 years, not to mention the Indian Rupee, Venezuelan Bolivar or
Russian Rouble. In fact, most of the currencies that powered national economies 100 years ago have ceased to exist.
Most currencies in the developing world and so-called emerging markets are not considered stable by American or
European standards. Their elite and the emerging middle classes are looking for investment opportunities to keep their
funds safe from hyperinflation and devaluation. In fact, recent data shows that developing countries are already home
to almost two thirds of the global middle classes ( a bout 3 billion people overall). Yet income and wealth inequality in
these countries is still pronounced enough to give individuals and families with newly established wealth sufficient
reason to fear for the safety of their funds. The market potential for attractive and user-friendly crypto-based solutions
is remarkably high in countries that have traditionally been under-served by global payment providers: XCARD intends
to satisfy this demand.

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 SOLUTION 01
CREDIT CARD EASY TO USE ONBOARDING

XCARD’s crypto credit card by The card is available to new The XCARD onboarding process is
VISA allows super safe use of users instantly in the form of a easier then opening a bank account.
any crypto and FIAT assets virtual card after signing up to Buying crypto is as simple as paying
which can be spent instantly at XCARD. The card is intended for for coffee. Once onboarded, users
POS, in e-commerce and for global multicurrency use. There can trade instantaneously.
ATM cash withdrawals. is no requirement to top up the
card in advance.

BEST EXECUTION RATE CRYPTO & FIAT BUY NOW, PAY LATER

XCARD aggregates data and XCARD enables trading with Thanks to the XCARD Buy Now Pay
liquidity from different sources over 200 cryptos , FIAT to crypto Later solution our payment card is
(exchanges, brokers and own pools). and crypto to FIAT conversion the best option for crypto users.
Its side-chain functionality allows directly and instantly. You can
for all transactions to be most use any payment card to buy
efficient. and spend crypto anytime. Pay
or withdraw via any ATM
worldwide.

IEO STARTS:
Q3 2019

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 02
HOW
XCARD WORKS

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XCARD
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 HOW XCARD WORKS 02
INTRO

XCARD enables cryptocurrency spending on any existing credit card, debit card or prepaid card.
You need to have an existing relationship with your bank or card provider who provides you with a physical payment
card. You can then top up this card using cryptocurrency or receive a loan on your card against cryptocurrency
collateral. Note: The processes described in this paragraph are indicative and will be fine-tuned at the implementation
stage of the project, to reflect the best possible customer experience for the service end users. All activities of
XCARD in the area of payment cards will follow respective international card schemes rules and regulations, and will
be implemented under proper licenses held either by XCARD’s business partners and service providers, or the
company itself.

XCARD APP & BIOMETRIC CREDIT CARD

XCARD also issue out its own payment cards to make your payments ultimately convenient and instant. In order to
use the service you need to download XCARD Mobile app. The card is available for new users instantly in the form
of a virtual card after signing up to XCARD Wallet. T he XCARD app connects cryptocurrency with your XCARD
crypto credit card. The app is available for iOS and Android mobile phones.

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XCARD

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HOW XCARD PROCESS
WORKS
TM
XCARD
Allows
Powered by:

Any Crypto, Any FIAT.

XCARD

XCARD
TM CUSTOMER’S
COLD WALLET
1234 5678 9012 3456
1234
VALID
THRU 01/20
Name Surname

PAYMENT LIQUIDITY
PROVIDER 4 POOL 3

1 MOBILUM
PLATFORM

2
7
MARKET
HEDGE FUNDS
OLT

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XCARD
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 HOW XCARD WORKS 02
ACCOUNT OPENING AND IDENTY VERIFICATION

XCARD will ensure that it takes the necessary steps to identify each customer using the platform.

XCARD supports both personal and business accounts.

XCARD defends against involvement in illicit activities, such as money laundering, by implementing anti-money
laundering procedures and corporate policies to verify the identity of all registered users of XCARD’s services.

The validity of documents used to support the opening of an account is to be confirmed before the account can be
finalized.

XCARD
TM
My Profile XCARD
TM
Complete your address XCARD
TM
Bank details XCARD
TM
Bank details

Name Address Upload bank statement Bank name

Enter name Enter address Enter address

File
Street IBAN
Surname

Enter surname Enter name Enter name

Upload passport scan

City
Birthday File
Enter name
I accept terms of use and conditions

Day Month Year Postal code

Enter name

Male Female Country

Next Next Next Submit

CONNECTING YOUR CARD TO XCARD

First time users who want to utilize XCARD with their existing payment card must first connect that payment
card to the XCARD app. There are several different methods used by XCARD to connect your payment card: wire
transfer to the International Bank Account Number (IBAN) associated with the payment card, OCT (Original Credit
Transaction) for VISA cards, Money Send for MasterCard.

During the onboarding process of a payment card, the user must simply provide the payment card number and
details, or must scan the payment card. The IBAN can be obtained from a credit card or bank statement. XCARD
determines which payment method is supported and most convenient when topping up and/or adding credit to a
user's payment card.

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 HOW XCARD WORKS 02
GETTING A LOAN

As an alternative to directly spending your crypto, you can choose to get a loan on your card using your
cryptocurrency as collateral. In this case your cryptocurrency is not spent and you can pay back the credit without
currency conversion.

If the period of the loan is within one day you are not paying any additional interest. If the period of the loan is
longer, there is a monthly interest charged on it. The interest is subject to change according to the market
conditions.

You can settle the credit by paying back the fiat currency, or you can choose not to pay in fiat, but settle the credit
from the cryptocurrency collateral.

In order to receive credit you need to deposit an equivalent value of your crypto that will be used as a collateral
increased by the risk-cover ratio. Depending on market conditions the collateral value may change (as the current
crypto to fiat value or risk-cover ratio may change). If the collateral value needed to secure the credit will
depreciate, we may ask the debt or top up the collateral. Otherwise we have the right to close the granted loan by
liquidating the collateral. All information (needed collateral value, risk-cover ratio for the particular crypto and given
period of loan) will be shown in the XCARD app before topping up the payment card with the loan.

MBM TOKEN & FEES

Every payment is processed with the use of MBM Tokens. The user needs
to have 0,5% of the transaction value in MBM as a membership
requirement each time a transaction is made. This applies among others, to
all currency conversions and loans. In case of low liquidity on specific
assets, an additional 0,5% fee may apply.

OTHER AND FUTURE FUNCTIOLALITIES

In the future we will enable:

1. Lending your cryptos as a collateral for loans applied for by other

XCARD app users, which will allow you to obtain passive income on
your cryptos with a relatively controlled risk,

2. Adding more wallets in the future with the ability of instant

transfers and conversions between them, assuring low-cost and best
execution rates,

3. In the close future, XCARD will release an e-commerce widget that

will allow direct spending of your currencies (both crypto and fiat) to
e-commerce shops bypassing any intermediary. It will be quick,
affordable and reliable.

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 HOW XCARD WORKS 02
When connecting a payment card to the XCARD app, XCARD will initiate a small test transaction which will
appear in the users card transaction history as an initial credit to your card. After the test transaction is verified
it is reversed.

Connecting a newly issued XCARDs payment card to your account will be fully automated and will not require
any actions from you.

TOPPING UP THE CRYPTO CURRENCY

After your already existing card is connected with the XCARD app, you can top up your card from the XCARD
app. First send Bitcoin, Ether or any other accepted cryptocurrency to your wallet in the XCARD app. From there,
you can choose to convert any amount of cryptocurrency to be spent on your card (limits set up by your payment
card issuer apply). It is intended that the XCARD Wallet and Platform will accept over 200 cryptocurrencies (inc. a
lts) and 150 FIATs. When you use a crypto payment card issued by XCARD you are able to make instant
transactions without topping up your card before.

SPENDING FIAT
When you use a crypto payment card issued by XCARD you are able to make instant transactions without topping
up your card before. If you use your existing payment card, after you have topped up your XCARD app, you can
convert your cryptocurrency for FIAT to spend immediately. XCARD uses direct transfer gateways to move the
converted FIAT currency to your card. It takes up to just few minutes to receive the money. If for a particular
payment card a given transfer period will be higher, the XCARD app will inform the user during the onboarding
process of the card. The XCARD app will notify you when the money is available on your card. After this, the
money is immediately spendable.

MBM TOKEN & FEES

Providing Merchants the ability to accept payments in any currency and cryptocurrency instantly, and receiving that
payment in the fiat currency of their choice at the best execution rates, is a total game changer!

Users need to have 0,5% of the operation value in MBM Tokens. If the wallet holders have to pay for services, those are
settled in MBM Tokens as well.

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 03
XCARD’S
TECHNOLOGY

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 XCARD TECHNOLOGY 03
TECHNOLOGY
XCARD’s extensive history and technical know-how of the payment services industry enables it to use modern to
provide a swift and smooth user experience.

Supported cards
XCARD will support all payment cards with a technical bank account number. Individual providers will be added to
the platform successively, however, from the very beginning of the operation, XCARD is looking to provide a quick
transaction with a guarantee of less than one day for: Visa, Visa Debit, Visa Electron, MasterCard, Maestro. XCARD is
also working towards to support for JCB, UnionPay, Diners, Club, Amex.

Direct payment gateways

A payment gateway is a merchant service provided by an e-commerce application service provider that authorizes
credit card or direct payments processing typically for e-businesses, online retailers, bricks and clicks, or traditional
brick and mortar.

A payment gateway facilitates a payment transaction by the transfer of information between a payment portal, such as
a website, mobile phone or interactive voice response service, and the front end processor or acquiring bank.

XCARD connects to the major gateways to provide near instant transactions to its users.

For Visa cards, XCARD is looking to use OCT. OCT (Original Credit Transaction) is an innovative payment system for
1
fast and convenient fund transfers to eligible Visa cards. Cooperation with VISA and the implementation of new
services such as SEPA (Target/TIPS) and SWIFT schemes allows users to benefit from fast and cost effective transfers
globally.
2
For MasterCard, XCARD is looking to use Maestro and Money Send

Internatilizer - matching engine

Internalizer is the matching engine that matches the best FIAT prices for users that are converting currency.

The matching engine is one of the fastest and the most robust matching engine technology for the retail forex and
cryptocurrency market. Forex providers and exchange operators of all sizes can connect to the matching engine
technology using several ways i.e. FIX API and proprietary developed bridges.

We will use risk management tools which will calculate, check, control, filter and update all system parameters
constantly as trades are matched.

1
The Original Credit Transaction (OCT) method credits (pushes) funds to a recipient’s Visa account; optionally it is possible
to debit (pull) those funds from a sender’s Visa account via Account Funding Transaction (AFT).* Visa:
(https://developer.visa.com/legacy/products/vpp/documents/json/oct.html)

Money Send facilitates the delivery of funds quickly and securely, domestically and cross-border. MasterCard:
https://www.mastercard.us/en-us/issuers/products-and-solutions/customer-needs/consumer-solutions/mastercardsend.html

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 XCARD TECHNOLOGY 03
Connection to exchanges
Exchanges are another essential part of the cryptocurrency ecosystem, matching buyers and sellers of the digital
assets. Тhe rising number of cryptocurrency exchanges intensifies the rivalry among them, and the struggle to keep
and attract customers.

XCARD instant loan backed by crypto is specifically designed to provide partnering digital asset exchanges with
additional leverage and liquidity in order to support their margin lending activities, enabling them to reach higher
capital efficiencies.

Data feeds for the price

Access to comprehensive price discovery is vital to accurately value the cryptocurrency market. XCARD will use
access to stream real-time and historical data for the most actively traded digital currencies. XCARD will offer multi-
asset and multi-venue data from several cryptocurrency trading venues, markets, and exchanges globally.

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 04
XCARD’S
BUSINESS
ENVIRONMENT

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XCARD
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 XCARD BUSINESS
ENVIRONMENT 04
XCARD’S COMPETETIVE LANDSCAPE
Competition
XCARD compete with the top companies on financial market but none of them combines financial services as
XCARD does.

On contrary to Coinbase, a leading cryptocurrency exchange, XCARD allows users to purchase with FIATs not 4
but up to 30 different cryptocurrencies.

Works similar to Abra, a multi-asset trading platform but XCARD is based on specific economical earning system
fueled by MBM token.

While Revolut provides debit cards only, XCARD offers credit card too.TAP allows users to the a loan using BTC,
LTC, ETH as a collateral. XCARD extends this amount to 30 top cryptocurrencies.

Ability to connect any payment card to the wallet allows you to start using the platform within a minute. You do
not have to wait until you get a payment card from us to start using our platform, as in TenX.

Compe on Xcard Revolut TAP NEXO Monaco TenX Abra

Card issuer Yes Yes Yes Yes Yes Yes No

Credit card
Yes No Yes Yes Yes No No
available

Discount &
Token Membership No Discount Discount Reward No
reward
economics token token token token token token
token

USD USD USD, EUR, GBP

Supported
150 FIAT's 150 FIAT's EUR EUR HKD, SGD TBA USD
FIAT’s
GBP JPY JPY, AUD

Supported Top 30 BTC MCO BTC

Crypto- all ETH 24 ETH 21 BTC ETH 28
currencies family LTC ETH, BNB LTC

Mul -Sig Hosted Wallet,

Fund Hosted Wallet, Hosted Wallet, Hosted Wallet, Hosted Wallet, Hosted Wallet,
Cold Wallet & Centralized DB,
security Decentralized DB Centralized DB Centralized DB Centralized DB Centralized DB
Smart Contract Smart Contract

Loan Yes No Yes Yes Yes No No

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 XCARD BUSINESS
ENVIRONMENT 04
COMPETETIVE ADVANTAGE
XCARD is the only provider of a complex instant payments solution that features:

źan any to any currency conversion with a strong focus on customer experience
ź a multi-asset wallet equipped in a multi-currency payment card.

XCARD is the only Wallet & Biometric Crypto Credit Card on the market.

XCARD introduces a utility token, the MBM token that fuels the whole Platform that is the most liquid token in the
XCARD Wallet. Once regulation enables legitimate issuance of equity or security tokens, special benefits for investors
and MBM token holders will be offered

XCARD has already signed 9 strategic partnerships which include: Santander Bank, Visa (Principal Membership),
Gatelab (Part of London Stock Exchange Group), several trading exchanges and others that wills to utilize in their
business models solution provided by the XCARD.

XCARD’s team has a proven track record of more than 20 years in payment systems, payment cards, exchanges and
currency trade systems.

XCARD TARGET MARKET

20M+ Crypto users are searching for immediate transfers and exchanges, loans and payments with the use of virtual
assets.

1000+ Crypto Exchanges have difficulties in processing FIAT operations. Exchanges can benefit from sharing liquidities,
external pools and order books, and white label solutions such as: payment cards, short term loans, instant transfers
of FIAT and crypto.

500+ ICO & Token Platforms suffer from a lack of instant token purchasing opportunity with any FIAT with any debit
or credit card, in a secure and convenient wallet, with improved liquidity.

75M+ Merchants who want to allow their customers to pay with cryptocurrencies, while they still receive FIATs.

300M+ Unbanked and young people who prefer freedom and ease of use. By 2023 XCARD can reach a 2% market
share worth $30 billion USD currently with 2 mln active users through cooperation with exchanges (two already in a
pipeline) and ICOs.

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 XCARD BUSINESS
ENVIRONMENT 04
REVENUE STREAMS

XCARD follows a simple and transparent business model that opens up several streams of revenue f or the
company. When exchanging one crypto or FIAT c urrency for another within a single day, XCARD c reates a spread
between the two exchange rates which constitutes XCARD’s first major source of revenue. When lending FIAT
currency to the user (with crypto as collateral), XCARD claims an interest of 10% monthly; XCARD’s second major
source of revenue. The interest is subject to change according to the market conditions.

Card issuing fees:

withdrawal, card
and Interchange
fees etc

Crypto currency
spread

Transaction fees:
Loans interest:
buy/sell/exchange
loans secured by
deposit on XCARD

Transfer fees Licenses

worldwide, to any for white label

IBAN or VISA, services

MasterCard card

Service fees: ICOs

listing fees, payments
for its tokens, marketing etc.

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 XCARD BUSINESS
ENVIRONMENT 04
BUSINESS STRATEGY REVENUE PREDICTIONS

We expect to have a net operating margin equivalent

of no less than 0.35% of the turnover on exchanging Year 1 Year 2 Year 3 Year 4 Year 5
the assets, and no less than 10% monthly on fiat
Revenue $240M $2.1B $7.6B $15.4B $28.3B
lending for more than a day. The interest is subject to
change according to the market conditions.
Cost $236,4M $2.1M $7.5M $15M $27M

XCARD’s business strategy will rely on partnerships

Margin $3,6M $41M $145M $370M $680M
with renowned payment providers, as well as
reputable crypto and fiat exchanges. Relationships Net profit $360k $4.1M $14.6M $36.9M $68M

with these fiat exchanges will not only contribute to New

customers 40k 200k 400k 500k 750k
expanding XCARD’s user base but these exchanges
may also license XCARD’s solution and therefore Total
customers 40k 240k 640k 1.140M 1.890M
directly constitute another source of revenue (see
previous section). ARPU $6k $9k $12k $13.5k $15k

Currently, we are in the process of establishing a

AMPU 1.50% 1.90% 1.90% 2.40% 2.40%
partnership with a top tier payment processor, one of
the major API providers in the industry, crypto-
exchanges, and brokers. Others are in the early stages
of negotiations.

PARTNERSHIPS GROWTH PREDICTIONS 1 890 000 Users

$ 670 MLN Estimated
VISA – Principal Membership Mobilus mokejimai UAB profit

(Mobilum LT) / XCARD received an invitation to the

Fintech In The Box programmy by VISA - a $100M Year
investment program for start-up projects selected by 5
VISA. XCARD will benefit from a fast track Principal
Membership process to become a VISA card issuer.
1 140 000 Users
Gate Lab / London Stock Exchange – matching engine TM
XCARD $ 370 MLN Estimated
profit
middleware software (internalizer)

Santander Bank – Mobilus mokejimai UAB (Mobilum LT) Year

4
partnership with Santander Bank for worldwide money
transfers to cards and bank accounts. Year 1 Year 2
40 000 Users 240 000 Users
$ 3.6 MLN Estimated $ 41 MLN Es mated 640 000 Users
profit profit $ 145 MLN Estimated
profit

Year 3

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 05
XCARD’S
TOKEN SALE

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 XCARD’S TOKEN SALE 05
MBM TOKEN
The XCARD project is looking to raise funds through an XCARD IEO to bootstrap its platform economy around users,
business partners, lenders, and borrowers. The XCARD platform will be at the beta version stage at the launch of Initial
Exchange Offering.

TOKEN UTILITY
MBM has a dual nature of an access token and a transaction fee token.

Users need to hold a certain number of MBM tokens to use and interact with the XCARD platform. The Initial Exchange
Offering event is the primary issuance of tokens and the first chance to purchase them. Users can later obtain tokens
through the XCARD platform itself, or independent brokers.

01
MEMBERSHIP
TOKEN

02
PAYING FEES

03
ACCESS TO
FOUNDATION API

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 XCARD’S TOKEN SALE 05
TOKEN FUNCTIONALITIES

MAIN FUNCTIONALITIES
XCARD aims to provide the best service for the lowest possible fees on the market. To achieve that, XCARD implements
MBM – it's native ERC-20 utility token which feeds the whole platform. Each operation performed on XCARD platform by
users (whether using wallet application, crypto credit card or invoking API call) has value. XCARD platform requires each
user involved in such operation to hold 0,5% of the transaction value in MBM tokens. When the particular operation is
invoked, a preliminary check by the smart contract is performed, to confirm that membership requirement is met.
Otherwise, XCARD rejects the query.

Above mentioned membership requirement applies among others to:

· All currency conversions;

· Loans and pay-later transactions;
· Topping up third-party payment card;
· API calls;
· Auctions on collectibles;
· Recurring payments and transactions;

There are few situations when specific operations carry additional cost when performed. In such cases, the MBM Token
becomes a way of bearing that cost by the user. These operations may include conversions between assets with low
liquidity or high volatility due to the market conditions, a loan interest rate, etc.

If an additional fee applies, the user is presented with the cost details before committing to the service, ensuring the
highest level of transparency. This information is displayed to the user during the time of transaction preparation. It may
include the cost of the transaction, the conversion rate of MBM tokens, and the cost of tokens needed to complete the
transaction.

If users do not have enough MBM tokens when starting a transaction, the necessary amount of MBM tokens may be
converted from the selected user's default wallet. They are automatically reserved for you as part of the transaction.

The value of fee and access requirements are defined based on public market data.

FOUNDATION API

Foundation API is open source and may be accessed by third parties (brokers, exchanges, developers). The access to it
costs 0,01% of the transaction paid in MBM for each single API CALL.

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 XCARD’S TOKEN SALE 05
We believe that soon there will be the mass adoption of cryptocurrencies worldwide. We want to prepare ourselves with
a perfectly working solution that enables people to perform any financial and cryptocurrency transaction in real-time,
with no limits.

TOTAL TOKEN
TOKEN DISTRIBUTION
SUPPLY 640 mln MBM
Strategic Reserve – 25%
Bounty 2.75%

Partnerships – 19%
Launchpad Sale - 9% FUNDS TO BE
RAISED $5 mln
MBM tokens Marketing – 12%

Liquidity Pool - 17%, Team - 15.25%

ROLE OF TOKEN: ”UTILITY”

USE OF PROCEEDS

Licenses & Legal - 5%

Salaries - 10%

Product
development - 10%

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XCARD
Marketing - 12%

Liquidity &
Business Collateral - 50%
Development - 13%

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 XCARD’S TOKEN SALE 05
MAJOR EXPENDITURES

MARKETING AND
CUSTOMER ACQUISITION BUSINESS COSTS

ROADSHOWS

LICENSES (EMI, DLT, WALLET,

EXCHANGE, VISA PRINCipal
ARCHITECTURE SETUP
EXPOS & CONFERENCES Membership)
SOCIAL MEDIA & INFLUENCERS

R&D AND PRODUCT

DEVELOPMENT TOP BUSINESS
COMPLIANCE
BOUNTIES PARTNERSHIPS

CRYPTO FIAT (CARDS SCHEMES, BANKS

(ICOs, EXCHANGES) AND OTHER FINANCE INSTITUTIONS)
GLOBAL FIAT INSTANT WIRES
LOAN PLATFORM
TRANSFER SYSTEM

eCOMMERCE & RETAIL MERCHANTS

CONVENIENT BUY / SELL / EXCHANGE
PAY LATER SERVICE
CRYPTO TO FIAT & ALT TO ALT

CARD ISSUANCE &

MANAGEMENT SYSTEM

MARKET PRICE DEFINITIONS

The XCARD platform aggregates the information about the ask and buy prices, and depth of the markets of traded
cryptos (including MBM) from different sources (like price feeds providers, exchanges and brokers) using direct
APIs, instantly. Gathered data creates a virtual order book on the XCARD platform, so whenever a user wants to
top-up their payment card or get a loan, the XCARD app easily takes the best execution price from that virtual
order book. There are mathematical formulas (algorithms) to support the operation.

Each time the XCARD MBM liquidity pool receives a request to allocate a number of MBM tokens for the user, it
will check the best execution price of the token on the virtual liquidity pool in order to determine the fair market
price of the MBM token. There are automated internal algorithms, as well as specific mathematical formulas that
XCARD has developed to support the operations that determine the fair market price of the MBM token.

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 XCARD’S TOKEN SALE 05
LIQUIDITY POOL
Not everyone gets a chance to buy MBM tokens during the token sale. For the future access and transaction fee
tokens, XCARD acts as a primary merchant.

Those who do not have MBM tokens to transact on the XCARD platform will automatically obtain them as a part
of the platform’s transaction fees. These tokens are allocated to the user f rom the XCARD MBM token liquidity
pool using a fair market price.

Liquidity comes from the strategic reserve pool allocated to XCARD during the token sale.

ROADMAP

Q3 2019 Q4 2019 Q1 2020

BETA of XCARD Wallet (Android & iOS) IEO: expected goal $5M equivalent. Integra on with selected partners:
available for the first 5K users. VISA, Santander Bank, GateLab,
Exchanges, PSP.

Q1 2020 Q1 2020
Launch of the XCARD Wallet. Decentralized internalizer with
intelligent atomic swaps set up.

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[email protected]
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 06
XCARD
COMPANY

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XCARD
Powered by:

www.xcard.io
 XCARD COMPANY 06
ABOUT XCARD COMPANY

Team
We have more than 20 years of experience in integrating payment solutions and systems into the global financial world. In
the 1990's we brought SMS payments to vending machines, and in the 2000's we created one of the first electronic
wallets with MasterCard, which has grown our knowledge base to what we know of prepaid cards today. Recently we
have been implementing solutions (i.e. high-frequency trading platforms, internalizers) for exchanges, banks, stocks, and
forex brokers, payment processors and multilateral trading facilities.
and currency trade systems.

FIND OUT MORE ON OUR WEBSITE:

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 LEGAL
SECURITY AUDITS AND CONSIDERATIONS
Management, processing and storage of user data at XCARD will be subject to GDPR-
compliant policies. A data protection officer will be named as responsible authority for
all data protection and privacy issues and first contact for user inquiries. Further
information/documents about GDPR compliance of XCARD are available upon request.

DISCLAIMERS
As of the date of publication of this Whitepaper, MBM Tokens have no known or potential future uses (other than on the
XCARD Platform which is to be developed) and cannot be sold or otherwise traded on third-party exchanges. This
Whitepaper does not constitute advice or a recommendation by XCARD, its officers, directors, managers, employees,
agents, advisors, consultants, or any other person to any recipient of this document on the merits of participating in the
Token Sale.

Participation in the Token Sale carries substantial risk and may involve special risks that could lead to a loss of all or a
substantial portion of your contribution. Further information about the risks of participating in the Token Sale is set out in
the contribution terms. Please ensure that you have read, understood and are prepared to accept the risks of participating
in the token sale before making a contribution.

MBM Tokens should not be acquired for speculative or investment purposes with the expectation of making a profit on
immediate resale. No promises of future performance or value are or will be made with respect to MBM Tokens, including
no promise of inherent value, no promise of continuing payments, and no guarantee that MBM Tokens will hold any
particular value. Unless prospective contributors fully understand and accept the nature of XCARD’s intended business and
the potential risks associated with the acquisition, storage and transfer of MBM Tokens, they should not participate in the
Token Sale.

MBM Tokens are not being structured or sold as securities. MBM Tokens hold no rights and confer no interests in the equity
of XCARD or any other entity. MBM Tokens are sold with an intended future use on XCARD’s platform and all proceeds
received during the Token Sale may be spent freely by XCARD on the development of its business and the underlying
technological infrastructure.

This Whitepaper is not a prospectus or disclosure document and is not an offer to sell, nor the solicitation of any offer to
buy any investment or financial instrument in any jurisdiction and should not be treated or relied upon as such.

This Whitepaper is for information purposes only and may be subject to change. XCARD cannot guarantee the accuracy of
the statements made or conclusions reached in this document. XCARD does not make and expressly disclaims all
representations and warranties (whether express or implied by statute or otherwise) whatsoever, including
but not limited to:
ź any representations or warranties relating to merchantability, fitness for a particular purpose, suitability, title or non-
infringement;
ź that the contents of this document are accurate and free from any errors; and
ź that such contents do not infringe any third party rights.

XCARD shall have no liability for damages (whether direct, indirect, consequential or any other kind of loss or damage)
arising out of the use, reference to or reliance on the contents of this document, even if advised of the possibility of such
damages.

This Whitepaper includes references to third party data and industry publications. XCARD believes that this industry data
is accurate and that its estimates and assumptions are reasonable; however, there are no assurances as to the accuracy or
completeness of this data. Third party sources generally state the information contained therein has been obtained from
sources believed to be reliable; however, there are no assurances as to the accuracy or completeness of included

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 information. Although the data are believed to be reliable, XCARD has not independently verified any of the data from third
party sources referred to in this Whitepaper or ascertained the underlying assumptions relied upon by such sources.

No regulatory authority has examined or approved any of the information set out in this Whitepaper. No such action has or
will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or
dissemination of this Whitepaper does not imply that applicable laws or regulatory requirements have been complied with.

The Token Sale and/or MBM Tokens could be impacted by regulatory action, including potential restrictions on the
ownership, use, or possession of such tokens. Regulators or other circumstances may demand that the mechanics of the
Token Sale and/or the functionality of MBM Tokens be altered, all or in part. XCARD may therefore revise mechanics to
comply with regulatory requirements or other governmental or business obligations. Nevertheless, XCARD believe they
are taking all commercially reasonable steps to ensure that its planned mechanics are proper and in compliance with
currently considered regulations.

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

This whitepaper contains forward-looking statements or information (collectively “forward-looking statements”) that
relate to XCARD’s current expectations and views of future events. In some cases, these forward-looking statements can be
identified by words or phrases such as “may”, “will”, “expect”, “anticipate”, “aim”, “estimate”, “intend”, “plan”, “seek”, “believe”,
“potential”, “continue”, “is/are likely to” or the negative of these terms, or other similar expressions intended to identify
forward-looking statements. XCARD has based these forward-looking statements on its current expectations and
projections about future events and financial trends that it believes may affect its financial condition, results of operations,
business strategy, financial needs, the results of the Token Sale or the value or price stability of MBM Tokens.
All information here that is forward-looking is speculative in nature and may change in response to numerous outside
forces, including technological innovations, regulatory factors, and/or currency fluctuations, including but not limited to the
market value of cryptocurrencies.

In addition to statements relating to the matters set out here, this Whitepaper contains forward-looking statements
relating to XCARD’s proposed operating model. The model speaks to XCARD’s objectives only, and is not a forecast,
projection or prediction of future results of operations.

Forward-looking statements are based on certain assumptions and analysis made by XCARD in light of its experience and
perception of historical trends, current conditions and expected future developments with other factors it believes are
appropriate being subject to risks and uncertainties. Although the forward-looking statements contained in this
Whitepaper are based upon what XCARD believes are reasonable assumptions, there are risks, uncertainties, assumptions,
and other factors that could cause XCARD’s actual results, performance, achievements, and experience to differ materially
from its expectations expressed, implied, or perceived in forward-looking statements. Given such risks, prospective
contributors should not place undue reliance on these forward-looking statements. Risks and uncertainties include, but are
not limited to those identified in the contribution terms applicable to participation in the Token Sale. These are not a
definitive list of all risk factors associated with a making a contribution to

XCARD, in connection with its intended future operations. XCARD undertakes no obligation to update any forward-
looking statement to reflect events or circumstances after the date of this Whitepaper.

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 TM
XCARD