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Burncoin
Features
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Cryptocurrency for Digital Asset Trading Platform BURN is a cryptocurrency that provides separate currency system and digital contents trading system, and it is an open cryptocurrency that is distributable throughout the market and benefits game developers, users, publishers, and spreaders.
In addition, BURN will be the dominant cryptocurrency for decentralized and objectified game developer ecosystem and will be a platform that meets the direction of the market that game developers and marketplaces are aiming at.

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MOTIVATION

Problems of Current Digital Asset
Distribution Eco-System

Digital content distribution structure centered on platform providers: Current digital content, especially in-game content trading platform,
is centered on platform provider,
and this requires lot of changes in content distribution structure, profit sharing,
and transaction reliability and stability.

Distribution monopoly and economic inequality: In particular, for small and medium-sized developers who cannot
operate and manage their own distribution and profit sharing
structure, the trading platform provider owns absolute power in profit
sharing so that they are not fully compensated for the digital contents
revenue generated in game.

Insufficient damage prevention: In addition, gamers are not provided with an assurance of the identity of
the trader and traded item and this causes physical and mental damage.
This directly affects the developers and leads to a financial loss and
damage to developer’s reputation.

1) In this process, various consumption occurs such as purchase package, voucher, in-game item, etc., and this spending is the basis for the profit distributed through the game.
2) Despite safe guard such as direct trading and escrow, it is still not enough to secure the actual possession of distal contents and transaction stability.

FEATURES

Hybrid PoS & PoW Coin

Burn Coin is a native coin developed in C ++ language, and its main features are as follows.

Hybrid: BURN coin is a hybrid coin combination of POS and POW. Mining is
available, and number of Genesis coin is 100 million. According to POS
Algorithm, 1% of yearly interest applied with minimum stake age of 30 days.

Wallet: BURN coin wallet can be used on a variety of OS platforms such as Android wallet,
Windows QT wallet, Windows Light wallet, etc. The existing wallet address will be
changed to the new wallet address when a transaction occurs, and this protects user’s wallet safely from hackers.

Coin Explorer: Provides self trading electronic ledger which
is able to check the transaction history with Block Explorer.

SPECIFICATION

Hybrid Pos & PoW Coin

Coin Name
BURN COIN =BRN

Coin Type
PoW/PoS Hybrid

Hashing Algorithm
X11

Android Mobile
Wallet

Window QT
Wallet(Full Block)

Windows
Light Wallet

Details

Detail Table
Coin Name	Burn Coin
Coin Ticker	BRN
Coin Type	PoW/PoS Hybrid
Hashing Algorithm	X11
Wallet Type	Android Mobile Wallet / Windows QT Wallet(Full Block) / Windows Light Wallet

Detail Table 2
Yearly Interest	1%
Minimum Stake Age	30 days
Maximum Stake Age	90 days

Detail Table 3
POW Mining Method	GPU Mining
Coin Explorer	http://178.62.19.175:3001

Detail Table 4
Time Between Blocks	120 Seconds
Block Reward	200
Block Reward Halving Rate	1,000,000 Block
Genesis Coin	100,000,000 ea
Total Supply	500,000,000 ea

Detail Table 5
Daily Block Count	720
Coins Generated Per Day	144,000
Maximum Block Size	8 MB

Token Spec. Summary (June, 2018)

Total Supply 500,000,000

Token Holders / Total

5,576 Person

Distribution Status: Company stakes 59.2639%; ICO 14.8926%; Users 25.8435%

Detail Table 6
Decimals	8
Contract	0x4a7babfafe46456bc4e965d6fbeaff7f01c8b330

APPLICATION

The Currency for Reliable and Efficient Digital Contents Trade

The proof of ownership for seller's assets and the process of actual transaction will be provided through API and
the profit from concluding a transaction will be distributed to applicable game developers, who produce digital assets,
and users. Furthermore, BURN Coin can be used as an asset which has the value of goods in this ecosystem by mining.

ROADMAP

Business & Development Planning for BURN Coin

2017 3~4Q

Ethereum Based ERC20 Token Development

1st Private Sale ICO

Burn Coin Native Coin Development

2018 1~2Q

Burn Coin Native Coin Testbed Development

Burn Coin Wallet Development

Hurbit P2P Exchange Service Development

2018 3Q

Burn Platform Blockchain Development

Burn Platform API&SDK Development

Hurbit Digital Asset Exchange Service Development

2018 4Q

Burn Platform Blockchain Development [cont.]

Burn Platform API&SDK Development [cont.]

2019 1Q

Burn Platform Blockchain Development [cont.]

Burn Platform API&SDK Development [cont.]

MEMBERS

Let us introduce you to the team that will make it all happen

Core Members

: Jong Woo Kim
Chairman; EXA LAB Ltd. / Chairman Aimroute/Exa Global / CEO De Endej Telecom / CEO Wolseochi / CEO Developed Sudden Attack / Listed on Game Highway Experienced in executive management. Serial entrepreneur Provided management leadership and risk assessment for capital investment projects at all stages.

: Tae Ik Kim
Boarder; Kyonggi University_ English Language and Literature Hyundai Motor Company Woomi Networks / President

: Jong Tae Lee
Compliance; Soongsil University_Industrial Engineering EXA LAB Ltd. / Compliance audit The Kookje Daily News Vice president Head of the Seoul branch office The Minister of Economy of the Seoul branch office Highly experienced in Government press, Economy, government legislation, industry, professional journalist. Experienced in interaction with government authorities.

: Jae Hyun Lee
CEO; Seoul National university of Science and Technology
EXA LAB Ltd. / CEO
Super Bee Ltd. / CEO
Zen Software Ltd. / CEO
Big Spoon Corporation Ltd. / Development Manager
DIG Communication Ltd. / Development Team Head

: Jungin Lee
Vice President; EXA LAB Ltd. / Vice President
Woomi Networks / CEO
CastIt co. / CEO
KCH co. / Founder, CEO
Experienced in Hardware platform construction business, start-up planning and development management.

: Byeong Cheul Ju
Advisor; Kyung Hee University_Economics The Seoul Shinmun_Director The Seoul Shinmun_The Minister of Economy The Seoul Shinmun_ Editorial writer

: Wan Kyu Lee
CTO; Ajoo University – Industrial Engineering
EXA LAB Ltd. / CTO
Bithumb Corporation / Head of system construction
Samsung Securities(Asia) Ltd. / Development Manager
Dongsuh Securities Ltd. / Development Manager

: JikHan Jung
CSO; BS, Yonsei University.
Subdream Studios / CEO, Founder
COLOPL NI / CEO
Kabam / CEO
Gala-Net,Inc.(Acq by Webzen, Inc). / Former CEO, Co-Founder