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May 21, 2018, 03:45:41 PM

This White Paper is published by the Bitscoin Foundation (the “Foundation,” or the “Token Generator”) for
 information regarding the proposed Bitscoin System, to invite community commentary and spread
awareness of the project in its current form. Aside from providing this White Paper and certain other public
materials, the Foundation intends one or more block chain token sale events, with any tokens (“BTCX Tokens”,
“the Tokens,” “BTCX” or “BTX”) sold in such events declared and agreed to be non-securities (or “utility
tokens”) to the full extent permitted by law, whether of the United States or any other applicable jurisdiction.
Without prejudice to such general non-security treatment in respect of the Tokens, this document makes
reference to prospective treatment of Tokens sold as “securities” (whether upon regulatory application of the
Foundation or by operation of law), pertaining to particular instances within specific jurisdictions.
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