Whitepaper

Coin Oracle NFT V1.0

10.06.2021
Abstract
This whitepaper presents the Coin Oracle NFT project – a platform that allows individuals, groups,
and businesses to exchange ideas for other assets on a secure and decentralized blockchain platform.
In recent years, non-fungible tokens (NTFs) have become an increasingly popular manner of buying
and selling digital artworks; however, digital art is only a fraction of the potential applications that
NTFs bring to this new world. Our platform, we argue, will be the blockchain implementation that fully
focuses on the specific needs of people with potentially big ideas. Moreover, it will be a bridge between
these people and those who are in search of new ideas to invest in. We believe that this key distinction
will allow us to fill in one of the many gaps that can be found in the blockchain industry.
Contents
Introduction....................................................................................... 4
Use Cases............................................................................................. 8
Methodology and Functionality............................10
Features................................................................................................. 10

Methodology..................................................................................... 11

Token Economics................................................................... 12

Roadmap.......................................................................................... 13
Introduction
Non-fungible tokens (NFTs) are digital assets that represent real-world objects like music, in-game items,
and videos. NFTs have a unique identity and ownership on a blockchain. Due to their nature, NTFs are
not interchangeable but they can be traded.

Long seen as peripheral to the more popular cryptocurrencies, in recent years NTFs have become an
increasingly popular manner of buying and selling digital artworks. NTFs have also been endorsed by
prominent figures, including Twitter’s Jack Dorsey, who sold his first tweet as an NFT1 .

NTFs have seen a significant increase in trade volume and users in the last year. For instance, investment
in NFTs increased by 299% in 20202 and by 2,882% in February 2021. The increased interest in NFTs
arguably reflects an improvement in their infrastructure, which now supports full-stack services from
trading venues, minting platforms, marketplaces, and others3.

NFTs support any work or piece of real value. Some expect that its value will continue to increase as
mainstream brands start to leverage the technology. For instance, DC Comics said they are exploring the
potential of selling original DC art based on their intellectual properties in the form of NFTs4. Brands such
as Nike, Louis Vuitton, Breitling, NBA, and Formula 1 have been actively creating NFT-based consumer
goods and services.5

The implications and benefits of large-

scale NFT trade are not yet well-
understood; however, more and more
uses for NTFs are being discovered. We
believe that one of the most prominent
technological developments of the last
decade has been the launch of virtual
assets and that industry trends point
to the long-term adoption of NFTs.
Therefore, we expect in the near future
to see an increased willingness of the
public to engage in nontraditional
marketplaces such as Coin Oracle.

Initially, buyers of virtual currencies have been individuals acting on their own behalf. As cryptocurrencies
and the blockchain technology on which they are based gained understanding and popularity, we
are seeing more and more non-retail buyers such as institutions and businesses which are integrating
cryptocurrencies into their business model. As more sophisticated investors have begun to enter the
crypto space in recent years, there has been a rapid growth in hedge funds and venture funds directed
towards cryptocurrencies.

1 https://www.ledgerinsights.com/jack-dorsey-sells-his-first-tweet-as-an-nft-for-2-9-million/
2 https://news.bitcoin.com/blockchain-backed-nft-market-value-grew-299-in-2020/
3 https://www.information-age.com/what-market-opportunity-nfts-123494763/
4 https://www.information-age.com/what-market-opportunity-nfts-123494763/
5 https://www.information-age.com/what-market-opportunity-nfts-123494763/

Coin Oracle NFT 4

We postulate, that the same process of wide-scale adoption that the cryptocurrency world is currently
experiencing will also occur in the case of NFTs. Having interacted with several NFT marketplaces and
having found none that contain the characteristics that we were interested in; it is safe to conclude that
the field is still open to new ideas.

Our project focuses on filling a relatively unoccupied niche by creating a decentralized and secure
blockchain platform that will serve as a meeting place between creative individuals and the investment
community. The principles on which our project is based are not fundamentally different from other NFTs
but there is one important and unique aspect to it. As we will highlight in the following sections, Coin
Oracle focuses on both the specific need of people with potentially big ideas and those in search of a
new venture to invest in. We believe that this key distinction will allow us to fill one of the many gaps that
characterize the young blockchain industry.

In the not-so-distant past, funding a business took one of three forms: self-funding, bank funding, and
venture capital. For most people, self-funding is limited. Bank funding and venture capital, on the other
hand, are difficult to access because bank funding requires an existing business with good revenues and
cash flow and venture capital almost always requires having a product or service that has mass appeal6.

The emergence of crowdfunding gave hope to many startups, as it allowed companies for the first time
to raise funds from regular people. While many young companies have become successful thanks to
crowdfunding, the business model on which this funding approach is based is arguably inefficient. For
instance, Kickstarter says that 78% of campaigns that raise 20% of their goal become fully funded while
11% of projects do not receive any funding7 .

Blockchain technology can offer several alternatives to traditional crowdfunding while also providing
a safer funding process and complete transparency from anywhere in the world8. At present, funding
ideas in the crypto world usually mean an initial coin offering (ICO). However, we argue, the blockchain
can be used to develop applications where any good idea can be funded by individuals, groups, and
businesses, regardless of whether it is a business idea or not.

6 https://www.thebalance.com/how-bitcoin-and-blockchain-is-changing-crowdfunding-4173837
7 https://www.kickstarter.com/help/stats
8 https://www.thebalance.com/how-bitcoin-and-blockchain-is-changing-crowdfunding-4173837

5
Mission
and
Scope
There are already many NFT marketplaces. Most of the NFTs trading occurs in
visual artwork, where creative elements are easy to see and sell. But what if you
wanted to market something more ethereal, such as merely an idea or even an
incomplete one? While for an individual it is not an easy task to quantify the
value of an idea, the market can put quantitative values on ideas just as they
do for artworks. Surely ideas have some value, otherwise, people would not be
arguing, sometimes fiercely, about their own ideas and those of others.

Our mission is to join together people with ideas and people looking to
invest in them in a novel way. Our platform is a marketplace designed as the
perfect opportunity for idea buyers and sellers to meet. From creative types
to technical ones, from mathematicians to performers, from career-oriented
people to domestic engineers, everybody is welcome to join in and market any
ideas they believe will bring value.

As an example, there are currently podcasters that do long-form interviews

with the world’s top minds drawing in millions upon millions of listeners (such
as the Joe Rogan podcast). Therefore, we can safely say ordinary people are
interested in new big ideas, not just academics or highly technical people. With
this in mind, we propose an exchange platform where people trade ideas, one
that is simple and flexible enough to gain wide adoption.

7
Use Cases
Help Dreams meet Reality through Financing
Maybe your idea needs a lot of money. The kind of money you do not
have. And you know you are not the kind of organized person that can
handle finances and bean-counting. After all, what would be the world
without dreamers?

Sure, you could try gofundme.com or any of the other money-raising

platforms. But maybe you are not in the position to handle that stress.
Maybe you have your hands full or maybe retirement is just too much
fun. In that case, you can team up with investors or why not just let
somebody else fight the good fight, who knows, maybe they will strike
it fabulously rich, and you can become famous when you write your
bestselling book about how you sold that electric car idea to Elon Musk.

Business Insight
Are you an expert in your highly specialized field? Do you have general thoughts about the direction
in which an industry is going? Or perhaps you have relatively specific ideas about how something new
could be produced. Or better. Or faster. Or cheaper. Maybe there is someone out there that is willing to
spend a bit of money for an insight they never had before. Are you into the field of widget production
and would be curious to know what other people think about it? You could join Reddit, but do you have
the time to sort through a ton of trolls? Why not have a nice marketplace where the new crazy ideas
would get evaluated and bubbled up by the community? Some people are arguably way more creative
than others. What if they would be incentivized to flex their creative muscles? Sure, they might keep
their precious pet billion-dollar-great-idea to themselves, but since their hands are already busy with
said precious, what if they would be willing to spread that excess creativity around? You can think of
examples such as „I’m making shoes and purses, but I think this dress would totally rock”.

While it is often great to think big and conjure big ideas that would get sold for large sums, we should
also, occasionally, think small! To go back to the fashion example, suppose you have this base idea for a
dress, you could even do 5 variations on the dress, e.g., dress with flounders, dress with low shoulders,
etc.

Do you sell your merchandise on Etsy.com? Maybe you sell handmade decorations or furniture. Odds
are you have ideas about how to decorate a jaw-dropping room, you know what mixtures work and
what is just plain mediocre. You can now sell all those tips and tricks that you have accumulated during
years of interior design experience.
Want to Impress at the dinner table?
Suppose somebody is a good debater, they could sell a solid
defense of a point of view about something. Do you want to
impress your friends when it comes to dinner conversations?
Just buy that quick 1-minute defense about why the vegan diet is
superior to the carnivore diet, and vice-versa in case you suddenly
find out your new friends all work for the meat industry! No need to
google frantically under the dinner table, we’ve got you covered!

For Journalists, Writers, and Leakers

Are you a journalist with a nice idea for an article but have your
hands full? Or maybe you want to freelance a bit on the side. Do you
live and work in a country with less than free press? Is your editor
censuring some of your work because of political reasons? Or has
your newspaper just been bought by the government to silence you
guys up? No worries, just pass your scoop to somebody else in the
field.

Are you perhaps a freelance movie scriptwriter? Think you can do

better than those amateurs on Game of Thrones who just killed
everybody pointlessly? Got a million different twists and turns going
on in your head? Got a plethora of characters ready for action? You
can make an NFT for every one of them!

And last but not least, do you want to blow the whistle on some
nefarious activity? Why not make an NFT leak?

Bring exotic new ideas to the Big

Leagues
Have you just come home from visiting a
far-off exotic land filled with quirky people
who do things in a way you never thought
possible? A novel way to tie your shoelaces?
Your hair? Nobody back home would have
Provide education through Better thought to put some rice inside raw fish rolls?
Presentations Now everybody likes sushi. The captains of
Remember the aforementioned dinner industry back home need your experiences to
conversation one-upmanship? transform the world!
Well, how about going pro? Maybe you are an
actual lecturer looking to up your game. Time
perhaps to liven up the auditorium with some
new jokes. You can either sell your jokes or buy
them. After all, somebody creating an elegant
new joke in the field of astrophysics might very
well be worth 20.000$ if it gets you noticed by
the Dean when it comes time for a promotion.
Methodology and Functionality
Features

Buy & Sell ideas and services.

The main feature of the decentralized marketplace platform, users will be able to buy and sell
ideas as NFT’s.

Score a service owner.

Confirming customer satisfaction and creating confidence for other users of the same service.

Wallet interaction
Available after a successful transaction and gives the participants a window for direct
interaction.

Ease of use
Intuitive interface.

Bidding
Ability to offer and counter-offer a fair price for each NFT.

Patronage
If you have a great project in your heart but do not know where to begin bringing it to life,
take a chance and sell it on the platform. We, at Coin Oracle, will select one idea per month
and provide help to fund, develop and promote your project. It might just be the one!

Every idea will receive a score which will have an impact on the monthly choice.
Oracle will do all due diligence required for the safety of the project, investors, and charity
owners.

Idea incubator
Do you have a great idea for a token? Have you spotted a gap in the crypto market and know
just what needs to fill that space? We know what it feels like to start something from scratch!
We are here for you, ready to provide the management needed for your token venture to
reach its full potential.

With Oracle you can develop your own idea – Safe & Easy.

Verified & audited smart contracts – contracts and audits will be available on the platform for
everyone to research.

Content creation & Web development.

Marketing plan & Implementation.

Coin Oracle NFT 10

Methodology
NFT ITEM PROPOSAL
The NFT creator shall be presented with a form containing several fields on which a certain score
will later be calculated.

SCORE CALCULATION EXPLAINED

Our proprietary algorithm will validate and calculate a score based on the input submitted. This
process will also contain a business analyst report.

NFT CLASSIFICATION
Oracle will classify the item into one or several categories to make it easy for investors to browse.
In the future, we aim to bring AI technology to our platform to improve filtering, transparency,
and classification with the help of Hadoop Map Reduce. Categories could include “Business ideas”,
“Tech ideas”, “Food ideas”, “Book plots”, “Futurism”,” Token use cases”, “NFT services” etc. A certain
“editor’s score” will be assigned at this point to each item. For ideas we cannot verify we will make
a “High risk” category.

SENDING FEEDBACK
After classifying and scoring the idea, Oracle will send suggestions for the creator to confirm and
finalize the NFT.

PUBLISHING THE NFT

Making it available to the public on Oracle platform.

SALE
Bidding functionality will establish an NFT idea’s real-world market value. Prospective buyers will
be able to read the title of the item and a short description. Another feature of the platform, as
mentioned before, will be adding a user-assigned score, which will be used in the selling process.

11
 Token Economics
TOTAL SUPPLY: 500,000,000 ORA
Presale Listing: Private Sell-used for Marketing:
250,000,000 ORA | 50% 14,000,000 ORA | 2.8% - Distributed to
early investors
PancakeSwap Listing:
210,000,000 ORA | 42% PancakeSwap and DxSale Fees:
5,000,000 ORA | 1%
Team:
21,000,000 ORA | 4.2% - Locked 6 Months

Automatic LP Earn Passive Marketing &

3% of each transaction
Income Team
contributes toward 3% of each transaction 3% of each transaction
automatically generating is distributed to the is converted to BNB and
liquidity locked inside holders automatically. used for marketing and
PancakeSwap LP. development.

Coin Oracle NFT 12

 We are researching the possibility
Roadmap of implementing AI for scoring and
classifying the NFTs. Potentially
using fields such as “budget” and
“number of employees” for say a
business idea NFT item, an AI could
compare to a large set of existing
businesses from an external
database and guesstimate higher
or lower similarities which would
signal the likelihood of success.

June 2021

BSC Smart Contract Design

Successfully test our Smart Contract on Binance
Chain Testnet.

BSC Compile & Deploy

Successfully compile and deploy our Smart
Contract on Binance Smart Chain.

BSC Safe & Secure

Analyze the Smart Contract by a specialized
entity – Techrate Blockchain Solutions and
Consulting.
Website Design
Website live version 1.0.

Whitepaper
Official Whitepaper for Coin Oracle Token
published version 1.0.

Marketing Campaign
Successful implementation of our marketing
strategy.

Presale and Public sale

Announcing the time and date for our launch.

CoinGecko & CoinMarketCap listing

Increased volume and reach.
 July 2021

Marketing Campaign
Successful implementation of an aggressive mar-
keting strategy.
NFT Marketplace
Expanding our team of developers and
presenting new roles to investors.
BSC Safe & Secure
Analyze the Smart Contract by more specialized
entities.
Whitepaper version 2.0
Adding new features to our platform.
Website Design Update and Functionality
version 2.0
Integrating all features & the marketplace.

August 2021

Legal department
Aligning our project to international
cryptocurrency regulations.
Meeting our team
Presenting our company headquarters and
the team behind the project.
Rebranding
New name, term, symbol, design.
Expanding our organization
Filling all key positions in our company.
Roadmap Update
Adding new goals to our Roadmap.
Marketing Campaign
Signing with an international marketing com-
pany. This is the moment where we need to
Major exchanges expand the reach for new ideas and investors.
Listing on major exchanges.
The future
Conclusion
Our idea started by looking at the many success stories involving NFTs when we realized that it is not
only digital art that can be created and bought as NFTs but ideas can be used in the same way a well.
With this in mind, we expect that our product will facilitate the interaction of two types of people, very
creative people and people who are looking for new ideas whether for their existing business, a new
venture, or personal reasons.

We hope we’ve made a compelling case that ideas are a never-ending resource and a platform such
as the one we are proposing has the potential to keep going indefinitely. At present, the NFTs market
is largely unexplored and there is ample room for the development of novel types of NFTs. We are
confident our expertise will allow us to build up brand authority and differentiate ourselves from
competing NFT marketplaces.

The consequences of a shift in public perception about what can be bought or sold are currently
materializing. This will fuel the NFTs market in more ways than one. Our stance is that virtual assets
such as cryptocurrencies and NFTs are the future, and if you share this opinion then we are pleased to
welcome you to our ideas marketplace.