STING Whitepaper Stingcoin

1 Copyright © 2020 STING. All rights reserved.

STING Whitepaper Stingcoin.io



Contents

01 Abstract

02 Market Overview

03 STING Platform

3. 1 STING Trading

3.2 STING Pool

3.3 STING Staking

04 STN Information

4.1 STING Coin (STN) Overview

4.2 STN Allocation Information

05 TEAM

06 Roadmap

07 Partner

08 Legal notice and liability limitation



STING : Whitepaper

Here in whitepaper is an explanation and reference to the STING project to build a blockchain-based overseas stock

trading platform organized by STING, and no statements shall be construed as requesting an investment.



01 Abstract

The STING Project was launched to promote innovation in the growing overseas stock market. Existing overseas

stock trading services have a problem that users make inefficient overseas stock trading due to low accessibility

and high fees. These problems have a long-term negative impact on overseas stock trading markets, rendering

investors suffer a significant amount of damage.

STING aims to solve these overseas stock trading problems by using blockchain and creating an ecosystem through

the STING Platform that allows users to create new values. Blockchain is a major technology that can ensure

transparency, openness, and security and provide users with reliability and efficiency in overseas stock trading.

We will also issue our cryptocurrency, STING Coin (STN), and use it as a means of rewarding for transactions in the

ecosystem, rewarding for holdings, and for using platform services.

In summary, STING is a blockchain-based overseas stock trading protocol that aims to create a conceptual overseas

stock trading platform that can solve problems when users trade stocks in overseas stock trading markets using

blockchain and create innovative and new values. The STING platform operates the following detailed services:

I STING Trading

A blockchain-based overseas stock trading system allows anyone to easily and quickly purchase stocks

and futures/options traded on stock exchanges such as NYSE, AMEX, NASDAQ, Hong Kong, and Japan.

I STING Pool

A rewarding service with STING Coin (STN) that compensates users for up to 70% of transaction fees for stock

trading.

I STING Staking

A staking service that allows users to receive various cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH)

according to the holding amount of STING Coin (STN)



02 Market Overview

A growing overseas stock market

The craze for overseas stock investment, which began last year, is becoming an irreplaceable trend among

individual investors. According to SEIBro, the Securities and Information Portal of the Korea Securities Depository,

the total overseas stock reached $8.94 billion in sales and $9.75 billion in purchases last month. The amount of

both purchases and sales was the highest ever.

The balance of overseas stock holdings at the Korea Securities Depository, an indicator of Korean investors'

holdings of overseas stocks, has also steadily increased. It had nearly doubled from $4.662 billion in 2018 to $8,451

billion in the U.S. market last year. This year, it recorded 1661 billion dollars in six months, which is more than

double the previous year's total amount.

Overseas stock investment fever seems attributable to the fact that many investors judge that the

overseas entities rather than domestic entities have the leadership in the industry in the era of post-

COVID-19. In an age of low interest rates, individual investors who invest in stocks rather than bank

deposits and installment savings believe that overseas companies are better than domestic ones in terms

of corporate sustainability and stability.

The small investors who bought a large number of Samsung Electronics stocks when the stock market

plunged due to the COVID-19 crisis in February and February are now buying Tesla, Facebook, Microsoft

(MS), and Alphabet (Google). One individual investor said, "After the COVID-19 crisis, growth stocks and

beneficiary stocks of overseas companies were also more stable than domestic ones, so I invested in US

companies."

In fact, U.S. stocks ranked 1st to 6th in terms of net purchase amount from the 4th of last month to the

3rd of this month. Tesla's net purchase was the highest at $225.96 million, followed by Microsoft ($126.7

million), Facebook ($65662 billion), Nikola ($4491 million), and Apple ($439 million). Nikola is a U.S.

manufacturer of hydrogen-powered trucks and is considered as the second Tesla. Nikola did not produce

a single truck, but it also became a hot topic by surpassing the market cap of Hyundai Motors.

The tremendous growth of the overseas stock trading market is expected to continue and various services

are sprouting. Besides, the Sting Project will be an open service platform that will encourage existing

overseas stock trading users, and the associated industry to participate in the Sting Ecosystem and will

enable users of the Sting platform to receive fair rewards according to the ecosystem contribution

activities through STING Coin (STN) and use them in various ways in overseas stock trading.



03 STING Platform

Blockchain-based overseas stock futures/options trading platform

The STING Platform consists largely of STING Trading for overseas stock trading, STING Pool for rewards,

and STING Staking for staking services. The STING platform utilizes the Ethereum blockchain network,

widely used with excellent stability and well-built infrastructure. This makes it easy to combine with the

existing digital infrastructure running on the Ethereum network, expecting high scalability.

In addition, STING Coin (STN), which is used within the Sting Ecosystem, was also issued in the Ethereum-

based ERC20 Standard Type. STING Coin (STN) is used as a key resource and payment and reward tool in

various sales contracts and services implemented by blockchain-based smart contracts. In addition,

depending on the holding amount of STING Coin (STN), participants can receive additional benefits such

as reduced fees and additional rewards.

As explained earlier, STING Platform's blockchain architecture is operated by the Ethereum blockchain.

However, it can be operated on the Hyperledger Fabric of the Linux Foundation, the Klaytn platform of

Kakao, or our blockchain network.



STING Trading

The STING Trading is a Mobile Trading System (MTS) system for easy trading of overseas stocks and

futures/options anytime, anywhere. In other words, it is a service that allows users to view real-time

foreign stock information anytime, anywhere and trade stocks and futures/options. Users can easily buy

and sell stocks in key stock exchanges in various countries such as NYSE, AMEX, NASDAQ, Hong Kong,

and Japan, and the contract information is transparently stored in STING's blockchain through smart

contracts. Fees for currency exchange and stock trading are as follows, and fees vary depending on STING Coin

(STN) holdings.

ㅣ Overseas stock trading fee

ㅣ STING membership system



ㅣ Overview of STING overseas futures trading

To trade goods in the market, market prices are formed between participants, or buyers and sellers

according to the principle of supply and demand; goods and currency are exchanged; general transactions

are concluded after the various conditions were agreed upon. As such, it is called Spot Transaction, an

overseas stock exchange that precedes direct exchange at the time of trading in the financial market.

A transaction derived from such a Spot Transaction is called a Futures Transaction, a transaction in which

the transaction price and terms are agreed upon at the time of the transaction, but the goods and currency

are promised to be exchanged at a certain point in the future. Overseas options are U.S.-type options

listed on the CME Exchange and use futures such as stock index, currencies, and energy traded on the

same exchange as an underlying asset.

The STING platform allows trading of futures/option products (index and interest rates, currencies, metal,

energy, agricultural products, etc.) listed on major exchanges around the world, and the STING users can

invest even if they have only the margin corresponding to the product they want to invest without a basic

deposit. Due to the nature of futures/options trading, it allows investment in not only rise but also falls,

boasting ample liquidity and transaction time.

ㅣSTING overseas futures/options process

ㅣMajor overseas futures/options exchanges



STING Pool

The overseas stock trading ecosystem that STING will implement is a win-win economic system that shares

profits to participants in overseas stock sales who contributed to the growth and development of the

STING Ecosystem. To this end, STING rewards users with STING Coin (STN) up to 70% fees for ’

overseas stock trading. For example, if a user paid a fee of $100, he/she could be rewarded with STING

Coin (STN) worth up to $70. Just like STING Trading's fee reduction benefits, the more STING Coin (STN)

holding, the greater the benefits.

STING Staking

STING Staking is a staking service that provides various cryptocurrencies to STING Coin (STN) holders. The

paid cryptocurrencies are Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and TRX, and detailed payment

plans can be confirmed through announcements later.



04 STN Information

STING Coin (STN) Overview

⚫ Token name: STING

⚫ Token symbol: STN

⚫ Technology base: Ethereum ERC20

⚫ Type: Utility

⚫ Decimals: 18

⚫ Issue amount: 50,000,000 STN

STN Allocation Information

The STING Coin (STN) is an Ethereum-based coin with an initial issue of 50,000,000 STN. Of the total

issuance, 35 percent will be allocated for the foundation's operation, 25 percent for the creation of an

ecosystem, 15 percent for development and marketing, and the remaining 10 percent for reserve funds.



05 TEAM

Bae, Geun Woo

Co-representative

Newrun C.E.O

Martin Jeong

Co-representative

G&J C.E.O

Choi, Won Seok

Co-representative

C&Win C.E.O

Song, Joo Han

Director

Core Team

Jin, Hyeong-gu

Legal Director

Supreme Prosecutors' Office.

Cheongju District Prosecutors' Office

lawyer

Financial Supervisory Service



Global advisor

Abhishek Banerjee

STING advisor

PR Expert – ICO bench

Partnerships Specialist - Crypto-Potential

Asif Iqbal

STING advisor

Ambassador - Polkadot

Ambassador - Status SNT

Ambassador - Oasis Labs

Guz Fahlev

STING advisor

Manager - Zilliqa

Administrator - Cocos Blockchain Expedition

Brian Baulch

STING advisor

Brand Ambassador - Celsius Network



06 Roadmap

- Project release (whitepaper, homepage, STN)

- New listing to Exchange

- Additional listing on global exchanges

- Large-scale marketing

- STING Platform beta version release

- New partnership announcement

- Whitepaper 2.0 release

- STING Platform full version release



07 Partner

TECHROO – Payment Partners MOU

TECHROO enable your business to build and scale

financial rapidly products by bringing together

modern core technology and

STING Project and TECHROO have signed an MOU with Visa and prepaid cards.

Work Anywhere with the

Multi-purpose, Mobile App

TECHROO prepaid card is an ideal tool for instant

access to your funds regardless of your location.



08 Legal notice and liability limitation

Herein whitepaper is intended to provide information that STING (STN) Project (hereinafter referred to as

"STING") wants to promote, and the Team. Herein whitepaper is not intended to encourage investment in

our platform and has nothing to do with it. In addition, the STING Team has prepared and provided herein

whitepaper as of the time of writing. It does not guarantee that any content on the whitepaper, including

conclusions, will be accurate in the future.

The STING Team will not state and guarantee any accuracy in relation to herein whitepaper, and will not

be liable for it. For example, STING Team does not guarantee i) whether the whitepaper is written on the

basis of legitimate rights and does not infringe on the rights of third parties, ii) whether the whitepaper is

of commercial value or useful, iii) whether the whitepaper is suitable for achieving the specific purpose

you might have, and iv) whether the whitepaper is error-free. Of course, the scope of liability exemptions

is not limited to the previous examples.

If you use (including, but not limited to, cases based on or referring to the whitepaper) herein whitepaper

according to your decision-making, the other consequences, whether profit or loss, are entirely at your

discretion. In other words, please note that even if damages, losses, debts, and other damages occur to

you by using herein whitepaper, the STING Team will not be liable for compensation, reparation, or other

liability for them.

Warning for the forward-looking statements

(a) Certain expressions in herein whitepaper contain forward-looking statements about the future, future

events, and prospects of the project. These are not statements based on historical facts but are identified

by similar expressions such as 'scheduled,' 'estimated,' 'believed,' 'expected,' and 'prospected.' In addition

to herein whitepaper, presentations, interviews, videos, and other public materials may include this

forward-looking statement. The forward-looking statements contained in herein whitepaper include, but

are not limited to, future results, performance, and STING achievements and its affiliates.

(b) The forward-looking statements contain a variety of risks and uncertainties. These statements do not

guarantee future performance and should not be relied upon too much. When risks and uncertainties

materialize into reality, the actual performance and development of STING



and its affiliates may differ from the expectations set by forward-looking statements. Even if there are

changes to these circumstances in the future, STING and its affiliates are not obligated to provide an

update to the forward-looking statement. Suppose you act based on the forward-looking statements in

herein whitepaper, STING's and affiliates' homepages, and other materials. In that case, you are solely

responsible for the non-realization of the content of the forward-looking statements.

(c) The STING platform is not complete or fully operational as of the date herein whitepaper was created.

Although the explanation was written on the premise that the STING platform will be completed and fully

operational in the future, this shall not be construed as a guarantee or promise for the platform's

completion and full operation.

Anti-Money Laundering Act (AML)

The buyers shall agree not to participate in any form of money laundering, illegal currency transactions,

and other restricted activities through STING Team's STING Coin (STN) and other related derivatives if

any. Each participant shall be aware that STING Coin (STN) and other related derivatives cannot be directly

or indirectly sold, exchanged, or disposed of for money laundering purposes.

Important matters

Due to frequent changes in related policies, laws, regulations, technologies, economies, and other factors,

the information provided herein whitepaper may be inaccurate, unreliable, or not final and may change

several times. This material is provided for informational purposes only. Our Team is not responsible for

the accuracy and legitimacy of the information provided. Those who wish to participate shall not rely solely

on the information in herein whitepaper. We encourage participants to do their research prior to the

support. Basically, herein whitepaper is a business proposal or business promotional document and is not

legally binding under any circumstances. What is stated in this document is for reference only, and the

STING Coin (STN) buyer must take extra care of himself.

Language interpretation

This document is available in Korean and English. In the event of disputes, the issues will be resolved

based on the Korean version. Please refer to the Korean version for a more accurate interpretation of the

herein whitepaper.

STING Whitepaper Stingcoin

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