TRUSTED

SECURE

ASSET BACKED

CRYPTO CURRENCY

Whitepaper

ii

TABLE OF CONTENTS

INTRODUCTION......................................................................................................................................................................................................... 3

DISCLAIMER .................................................................................................................................................................................................................. 3

RISK STATEMENT ..................................................................................................................................................................................................... 3

RISK WARNING: ....................................................................................................................................................................................................... 3

ABSTRACT ..................................................................................................................................................................................................................... 4

KEY FUNCTIONALITY OF CUBEBUCKS .................................................................................................................................................. 4

WHAT IS CRYPTOCURRENCY? .................................................................................................................................................................... 5

WHAT IS CUBEBUCKS? ...................................................................................................................................................................................... 5

WHAT IS PAYMENT SERVICE DIRECTIVE 2 (PSD2)? ................................................................................................................. 5

CURRENT PROCESSES ....................................................................................................................................................................................... 6

CUBEBUCKS PROCESS ....................................................................................................................................................................................... 6

APPLICATION .............................................................................................................................................................................................................. 7

CUBEBUCKS UNIQUE FEATURES ............................................................................................................................................................... 8

CUBEBUCKS WALLET .......................................................................................................................................................................................... 9

WALLET - TECHNICAL INFORMATION .................................................................................................................................................. 9

ON-RAMP PLATFORM ....................................................................................................................................................................................... 11

ASSET-BACKED CURRENCY ........................................................................................................................................................................... 12

FINANCIAL BENEFITS ........................................................................................................................................................................................... 12

ASSET ALLOCATION .......................................................................................................................................................................................... 12

APPLICATION – FOCUS ON ASSET ALLOCATION FUNCTION ........................................................................................ 13

CROSS-CHAIN EXCHANGE ........................................................................................................................................................................... 14

PROJECT DEVELOPMENT .............................................................................................................................................................................. 15

PROJECT DEVELOPMENT ............................................................................................................................................................................. 16

DEVELOPMENT FRAMEWORK ................................................................................................................................................................. 17

ICO – COIN RELEASE .......................................................................................................................................................................................... 18

ICO ROUNDS ............................................................................................................................................................................................................ 19

ROUND 1 TO 4 – ICO OFFER ..................................................................................................................................................................... 20

USE OF FUNDS FOR BUDGET ALLOCATION ARE SET OUT BELOW: .................................................................... 21

USE OF FUNDS – DEVELOPMENT FUND COMPONENT: .................................................................................................... 21

ROADMAP ................................................................................................................................................................................................................. 22

TEAM .............................................................................................................................................................................................................................. 23

LEGAL GOVERNANCE AND AUDIT COMPLIANCE .................................................................................................................. 24

DISCLOSURE ............................................................................................................................................................................................................ 25

LEGAL GOVERNANCE .................................................................................................................................................................................... 30

COMPLIANCE ............................................................................................................................................................................................................ 31

3

INTRODUCTION

Thank you for receiving the CubeBucks whitepaper. Below you will read about the solution we

propose for the next generation of blockchain currency system. CubeBucks is introducing a

new model of using blockchain for international settlement of payments, store of value and

digital cash ability for micropayments.

We are the only Crypto currency that is provided with a promise that all coins issued will be

bought back by the company in the event of no demand exist on the open market trading

platforms.

DISCLAIMER

CubeBucks is not issued or governed by any government or sovereign jurisdiction. It is a digital

currency based on blockchain technology. This is not an offer for security, equity in CubeBucks,

offer for shares in the company or a promise of returns.

You are entering an agreement to buy a unit of our currency that will be used to pay for goods

or services online or to transact with. The only limited guarantee when buying CubeBucks is

provided by the company in the form of the funds allocated to the asset guarantee fund that

will be available on the wallet at the end of phase 4 of the development plan.

RISK STATEMENT

You are reading the offer to pre-purchase a unit of currency that will be developed as a

crypto-currency on blockchain for the purpose of providing a crypto coin that is backed by

community allocated assets. The security of the asset-backed coin is that the company are

the guaranteed buyer of all coins that remain unsold on the coin trading platform, and will be

settled on demand.

RISK WARNING:

You have to ensure you follow the exact buying instructions from the e-mail you will receive

when buying your coins. Round 0 subscribers will not receive their coins at this time and will be

provided with a promissory note that will be redeemable for coins after April 2018.

4

ABSTRACT

CubeBucks is an innovative asset-backed cryptocurrency that addresses some of the key

concerns with cryptocurrencies that are regarded as inefficient, unreliable and risky. Some of

these failure points include price volatility, extended transaction processing times, market

manipulation, the inability to transact low value payments, and the absence of any asset

backing to justify the price of these cryptocurrencies.

The CubeBucks micropayment solution is conceptualised to address these issues and

introduce a currency backed by assets as a safe store of value mechanism for transacting.

CubeBucks is not based on current widespread generic blockchain protocol systems that rely

on mining for continued coin release. Our approach is built on a secure Hybrid Flex, Multi-Sig,

partially distributed ledger technology (spreading control of coins between multiple key

holders, while maintaining ledger integrity and transaction processing across several nodes).

This revolutionary adoption and restructure of core systems offer other ways to achieve the

desired incentive structure and influence behaviour. The CubeBucks ledger platform offers

transactional rules for how value is transferred and stored in this blockchain solution. Every

CubeBucks coin comes with the promise of a guaranteed buyback by the company

according to the conditions of our limited guarantee. The global demand for a safe secure

store of value and stable universal currency is the purpose for the creation of CubeBucks, and

we are ready for widespread adoption.

KEY FUNCTIONALITY OF CUBEBUCKS

Micropayments – The ability to do low-value transactions

Micropayments are defined as transactions online for digital content at values less than

$100. The transaction value is mostly in the region of $1 and $25. Most people are online

through their mobile device or computer and do not have the financial service products

needed to be able to transact online.

Payments – The ability to transact in a familiar way

CubeBucks aim to solve the access problem with a simple

pre-paid model to allow people to load a value on their

wallet that will be used to pay for online content services.

Wallet holder will be able to make seamless payments to

vendors on the platform that is instant. The coin design is

also made on a familiar model that reflect 100 cents per

unit of coin. Establishing this blockchain currency as a

unique, user-friendly currency.

A secured store of value

Our digital coin is asset-backed and offers secure value store and transfer ability. All coins

entering the system are not generated by mining operations. They are ‘generated’ on a

structured coin release model that will see a block released on demand when the market

supply of coins falls below a threshold to serve the demand for new funds to enter the

ecosystem. All new coin releases will result in the sale proceeds to be allocated to the asset

register as determined by market consensus. Each wallet holder will decide the weight

allocation of his value stored in the asset pool. Allowing each person control over the asset

allocation underwriting the value of their coins.

CubeBucks –

the asset backed

crypto currency

for the future

5

WHAT IS CRYPTOCURRENCY?

Cryptocurrency is a digital monetary unit, which

is used as a medium of exchange that utilizes

public key cryptography to secure and

perform anti-counterfeiting functions

embedded within the currency unit.

Public and private keys are used as entries to

form a public ledger, called a "blockchain," in

order to prevent simultaneous ownership, or

spending, of a monetary unit by one or more

individuals.

WHAT IS CUBEBUCKS?

CubeBucks is a secure, safe asset-backed

cryptocurrency build on a multi-dimensional blockchain

as a partially distributed ledger that is used for real-time

payments.

The underlying value of CubeBucks is established on a risk

profile based user-defined allocation of a portfolio of

asset classes. The CubeBucks wallet offers innovative

features like Cross-Chain exchange for all forms of crypto

currencies, micro-payments platform for internet

transactions and person to person digital cash payments.

WHAT IS PAYMENT SERVICE DIRECTIVE 2 (PSD2)?

Cubebucks designed the system for full compliance to PSD2 by phase 3 of our

development plan. Some of these are more relevant to banks than CubeBucks, but we

elected comply with the best practice in the Fintech industry by including the applicable

functions.

An API function through which an end user can grant access to their data

An API function to retrieve and end user’s basic account information

Automated API unit tests to ensure the correctness and robustness

A development environment with test data

A deployment process to make those functions available

API documentation, developer SDKs, code samples, and tutorials

A process through which third parties can apply to get an API Key

An API authentication process which verifies the client application

API load balancing to ensure that the API scales effectively with unpredictable

demand

Analytics, audit trails, and logging to understand how the new APIs are used in practice

General Data Protection Regulation (GDPR) considerations

6

CURRENT PROCESSES

CUBEBUCKS PROCESS

In the current environment where banking

and payments exists, all transactions rely

on intermediaries and financial service

providers, which translate into added

costs, extended processing times, and

lack of control.

These payments are also controlled in

various ways including restrictions on

payments across borders, foreign

exchange rules, limits on withdrawals,

prescribed transaction value sizes, and

the inability to transact outside banking

hours for some products and services.

Multiple currencies and jurisdictions also

create a complex environment that

reinforces trade barriers.

People and business have surrendered

control over their money to the banking

industry.

At CubeBucks we believe that money must serve

the primary purpose that it was intended for,

which are a medium of exchange, a unit of

account and a store of value.

The solution by Cubebucks eliminates the need

for using banking products. We facilitate

payment directly between parties, commonly

known as Peer-to-Peer (P2P) payment. Your

money resides in your wallet, and when you

effect payment it is instantaneous similar to

giving cash.

As a crypto currency which is not linked to a

sovereign country, it can facilitate instant,

frictionless payments even across borders, with

very low fees, enable low value transactions,

and at very fast processing times

CubeBucks provides a means of exchange of

value in systems where trust in central authority

has been lost. Digital and analogue money up

to now failed to provide a globally appealing

and efficient means of payment

7

APPLICATION

8

CUBEBUCKS UNIQUE FEATURES

Asset-Backed Wallet platform

This is a PSD2 Compliant Multi-Currency Store of Value, and the

network value of all assets held on the network make up the

guarantee/price ratio. All new coins issued will result in a

percentage of the value being allocated to the Asset platform.

On-Ramp platform

This is a reward based model that will compensate the vendor

for acting as exchange for the digitisation of funds to the

CubeBucks platform. The retailer or individual holding digitized

funds will receive a percentage reward on the value of the

funds exchanged,

Cross-chain Exchange platform

The purpose of this platform is to offer the means to trade and

transfer value store from one wallet to another. The seamless

backend integration with platforms like Blockchain.info

9

CUBEBUCKS WALLET

Easy to use smartphone apps such as Apple, Android, Microsoft mobile OS

Basic menu functions with subfunctions

Simple to use familiar financial interface

Build on secure encrypted hybrid-flex blockchain ledger platform

Multi-level data encryption and authentication for extended security

Easy transfer between various digital value platforms and vanilla cash in any market.

Trade in $ £ ʀ Υ Є (multi-currency)

Cross-chain blockchain currency exchange between CubeBucks, Bitcoin, Bitcoin Cash,

Ethereum or any other linked ERC20 based coin

WALLET - TECHNICAL INFORMATION

The CubeBucks wallet offers advancement in the usefulness of the limited functions offered by

most crypto-wallet solutions in the market today.

The application is free to download from both the Apple and Android

Stores (available in April 2018).

The wallet generates a secret hash-key that is part of the security

solution that makes up the entire encryption module. The installation

will also ask for the second pin- code that is a familiar authentication

method and easy to remember. This process is developed for full

PSD2 compliance.

The installation process generates the account number; this unique

feature uses a familiar bank account number structure that has been

linked to a hash-code for the wallet and the CubeBucks Blockchain.

The 10-digit wallet account number may be shared with others to send or receive payments.

The mobile number may also be linked to the handset and the wallet account number.

As soon as the process is complete the user will be able to fund the wallet from our various

options to load funds, including using the prepay option under the On-Ramp platform.

CubeBucks – the

asset backed crypto

currency for the

future

10

WALLET FUNCTIONALITY

The wallet offers functions to load the prepaid keys and to make P2P payments using either

the 10-digit account number or the mobile number of the receiving party. Receivers without

an account will be provided with a link to install the CubeBucks wallet on their device.

Our wallet is more than just a payment platform, should the person wish to save their funds for

future use the wallet offers one of the most innovative methods of allocating funds to assets

based on the risk profile of the person that owns the wallet.

For importers and exporters, we offer an instant global settlement and custodian option, using

a unique equation that block funds for markets of contract based terms for release, as defined

by the trading parties.

For vendors selling digital content items, we offer access to the underbanked¹ and market that

enable them to purchase using our uniform coin for the transaction.

The wallet is a safe, secure and convenient method of interacting with your money.

APPLICATION MENU FUNCTIONS

A log and report of all transactions is available under reports.

Cash-out to your usual bank options will be available later, that will allow you to receive your

value in your wallet in your local currency and bank account.

Our blockchain-node-module is built into every wallet and when a user is actively using his

wallet; his phone will be acting as a trusted authentication node² that will confirm transactions

on the CubeBucks blockchain.

Low data latency ensures all active nodes will confirm all transactions with a centrally

administered backup node that will remain active on the blockchain until a stable 10,000

active node volumes are established.

1. Underbanked – People with bank accounts but no credit card

or other sophisticated banking products.

Our reference here is specifically towards people that are unable

to transact online due to low credit score or other limitation

preventing them from gaining access to a bank credit card.

2. Node – Any device connected to a control node on the

Cubebucks Network.

This wallet and the CubeBucks currency is

the first global internet money that every

person would want to use.

11

ON-RAMP PLATFORM

Cryptocurrency is the most exciting subject on the internet at this moment. Many

people are interested in buying in; however, remain cautious in entering the market.

One of several obstacles perceived by many is the limiting cost factor of the current

price of the leading blockchain currencies. People relate to familiar terms and feel

that they need at least one unit of a coin to be able to relate to it.

The ability to transform your money in your local economy to a digital form for global

transacting or to just store your value for future use, remains one of the biggest

obstacles for general universal adoption. CubeBucks will be developing a solution on

our platform to solve this problem, and we called it On-Ramp.

When developing the solution, we defined two criteria for how we aim to solve this

problem -

• it has to be simple to use, and

• it has to make use of familiar methods known by most people

We solved these through our partnerships with global payment processors and Point

of Sale (POS) terminal system providers. Their existing network and connected

environment provide the ideal infrastructure to be able to offer unrestricted universal

access.

Any retailer accepting bank card payment has the ability to issue a token receipt. The

partnerships with key service providers allow these terminals to issue a token that

would be redeemable on our wallet platform. The platform essentially operates on

the same method as pre-paid airtime does on the mobile telephone network.

Once your funds are loaded you are free to utilise the full functionality of the wallet

system.

Any person having a wallet and value in that wallet may act as an On-Ramp

processor. The person to person transfer option on the wallet is the method of

fulfilment. With this, any person holding qb¹ in his wallet will be able to sell that value

for cash to another party.

Merchants with terminals already have the infrastructure in place to be able to

provide this function. The benefits of being an access point to the digital currency

market will drive more traffic to their store and increase their sales. All sales over the

terminal network will be exposed to the usual banking and transaction processing

fees. These are charged and deducted. In the future, the financial institutions may

allow lower cost over these platforms, but for now, we are subject to the terms of use

dictated by the system.

1. qb – pronounced “quebee” is the representation of a single unit of

the CubeBucks currency. Example qb1 = US$0.30

On-Ramp – Easy access to all digital currencies

On-Ramp

Universal access to

digital currencies

12

ASSET-BACKED CURRENCY

FINANCIAL BENEFITS

Value stored in the wallet provides the owner of the value the

option to select an allocation of the underlying assets backing

their coin.

This provides the end user with the freedom to determine his

own risk profile based allocation and reward earned over a

period of time the assets are held

Period of Time of holding in an asset category = share of fund

growth per unit held.

Returns generated from investment activity of the various asset classes will result in new coins

to be issued as a reward for the holders of coins in that asset class. The volume of coins will be

determined by actual returns generated and distributed to value holders with coins allocated

to the relevant portfolio for the period of their holdings.

ASSET ALLOCATION

The CubeBucks Asset-Backed model was developed

to provide security to holders in the value of our coin.

Our Promise to pay extends to the valuation of assets

of the initial coin sales proceeds being spread among

4 categories of the investment portfolio.

This allocation of funds allows the currency to be

valued live on the blockchain platform according to

the joint asset allocation of the group of coin holders.

Although the initial asset allocation will be determined

by the founder team and their advisors, the further

asset allocation will be determined by consensus

selection of each wallet holders profile allocation of

the funds in his wallet to a specific asset resource.

Funds and fund managers will have mandated

investment portfolios managed by the Network

Allocation Consensus Model¹.

A Buffer Marginal Exchange Platform² will facilitate

movement selections by coin holders to allow live

reporting of the asset allocation consensus on the

network, and allow for stable allocation to fund under

management

1. Network Allocation Consensus Model – The ability by wallet holders

to allocate their funds on their wallet to an asset class directly within

the wallet

2. Buffer Marginal Exchange Platform – The financial controller on the

platform that manages the asset allocation movements by wallet

holders while maintaining asset class commitments with fund

managers.

Cash & Equity

Fixed Assets

Crypto Currencies

Commodities

13

APPLICATION – FOCUS ON ASSET ALLOCATION FUNCTION

Cryptocurrencies are all related in some way to either the original Bitcoin protocol or

the Ethereum protocol.

The inherent flaws with both these models are that their only true value is determined

by the network. This means it is exposed to many elements including bad practices

like price manipulation, radical value fluctuations and zero protection from a fallout

event.

The CubeBucks model was developed specifically to eliminate these and other risk

factors by a team of conservative business people. We believe the blockchain has

vast financial potential as a technology. We also believe the financial markets offer

the best solution for protecting capital values over long periods.

Other than the technological revolution in the application of the blockchain by

CubeBucks we extended the ledger to include a promise or guarantee to every coin

holder.

Every CubeBucks coin (qb) that remain unsold on our platform will be settled on

demand from the assets being held in the asset portfolio for the maximum ratio

reflected on the Nett Asset value per coin on the control panel in the wallet

application.

This guarantee is underwritten by the funds allocated to the portfolio of regulated

assets and crypto assets, available after the completion of ICO Round 4.

Within the wallet, we have developed an algorithm that is able to calculate a risk

profile of for every wallet holder related to the individual's own risk appetite. Every

person that wishes to determine their risk profile will be able to answer 8 pre-defined

questions that will determine their risk profile. This is a voluntary process and you may

proceed directly to the allocation screen if you are comfortable to make your own

selection and do not need a risk profile.

We have identified 4 asset categories that you may select for the allocation of your

funds within your wallet. Your Asset Allocation selected will influence the guaranteed

valuation of your funds according to the valuation of the underlying assets, and the

portfolio reward you receive in the form of CubeBucks coins.

Fund options:

Cash & Equity | Fixed Assets |Crypto Currencies |Commodities |

Allocation range:

All clients will be able to select an allocation of 5% to 35% per asset.

The Cryptocurrency asset class on the wallet platform will be restricted to 20% overall

to ensure currency price stability to maintain the Asset ratio for the buyback

guarantee.

14

CROSS-CHAIN EXCHANGE

FREE EXCHANGE PLATFORM

Interexchange ability of the CubeBucks coin as the Base Exchange currency for transferring

between any if the blockchain currencies are achieved on the Cross-Chain platform.

CubeBucks is the redeemable currency that has to be adopted as a trading pair by the

corresponding alternative coin, and using the base cost model would be exchangeable for

another corresponding currency. Retailers and consumers will be able to buy or sell their Virtual

currency on the Cross-Chain Market Engine¹ driven by demand and supply on the global

network of trades.

Crypto coins need a uniform settlement currency to accommodate trade and exchange

between all of them that streamline access to minor coins, banking infrastructure and financial

systems.

The settlement currency for Blockchain will be the legacy of CubeBucks.

1. Cross-Chain Market Engine is the platform on the wallet that allow multiple currencies to be exchanged for

Cubebucks currency (qb) and support multiple currency pairs exchangeable with CubeBucks as settlement currency.

Bi t co in

Other ERC20 Voucher

s

E thereum

A l t -Co ins Banks

15

PROJECT DEVELOPMENT

16

PROJECT DEVELOPMENT

User experience based development framework

The trend in Software development is to deliver projects built around user experience

requirements. Our approach was to ensure our system delivers good performance across

multiple devices and platforms, while maintaining network and data integrity on a secure easy

to use mobile application.

This is achieved using the matrix below as the guiding planning tool, with task-specific

deliverables over a period of time. The skills matrix needed in the development phase is a mix

of C, C++ and Docker specialist working on the core platform. The development will be based

on consensus, a non-computational distributed ledger with all nodes participating in

cryptographically signing and confirmations of transactions.

Our front-end team with Java Script, Html5 and other web expertise will ensure the visible

application layer on the web and mobile devices offer smooth simple user functions on a

secure platform interacting with the back-end system for transactional exchange and

information extraction.

Our creative team will be designing the layers of the graphics that make up the presentation

the users will experience on their device. Each component representing data will be drawn

from a live backend data source to ensure representation of accurate on time information on

the user control panel.

In-app customisation and layout features will in future make the entire wallet program fully

customisable to the taste of the user. Customisation includes background colours, wallet

layout and information graph options.

Our phased approach has the team focussed on the core system that is hosted on a cloud

system; build on redundancy to ensure the continuation of the application in case of site

difficulty.

After completion of the core system, the security module and protocol for account creation

and device encryption will be developed. Our module technical paper has been drafted with

details of the user interactions clearly defined.

The Process from the core system will see improvements of the wallet interface to allow for all

the functionality to work efficiently.

Continued improvements and development will be done with new features being added as

the systems develop over time. User feedback, interactions and experiences will guide our

further development into the future.

17

DEVELOPMENT FRAMEWORK

User Experience (UX)

This point addresses the need to understand who the user is, what their needs are, and what

would make a great experience at each layer of the stack.

1. Data

In the data area, we design how data should flow through the stack to fulfil the user’s needs.

2. Business

Based on the user and data needs, the business decisions that will feed into the business plan

and financial projections will be derived from the input analysis of the impact on the business

model.

3. Technology

The decisions above influence what technology is needed at each layer to deliver the solution.

The Engineering team will be supplied with the information and requirements and they will

present the best technical solutions.

4. Security

It is a fundamental requirement that the program secure each layer of the stack. Evaluate

how each layer could be compromised (including device tampering), with security testing in-

house or with a vendor, and definitions for how to protect the core system from being hacked

from internal or external sources.

Development

Framework

Device Software Platform Communication Application

User Experience

(UX) 2 2 2 2 2

Data 1 3 3 2 3

Business 4 2 2 3 1

Technology 3 3 3 2 1

Security 3 3 3 2 2

18

ICO – COIN RELEASE

.

FUTHER ROUNDS

Block 24 577 to 262 144

Total qb balance 12 163 4

81 600

19

ICO ROUNDS

This round is the pre-offer round. This round is open by invitation only and makes

provision for sales of the first 80 blocks to friends, HNWI, investors and early interested

parties from the website.

The round will release the coins to this closed group with the understanding that all of

the proceeds of Round 0 will be allocated to the development of the project. The

funds will be applied to create the Server infrastructure that will support the coin

release and blockchain core modules.

The 80 initial blocks are equal to 4 096 000 qb coins that will be offered at the 40%

discount from the expected Round 4 public offer. The asset value is expected to be

around $0.50 per unit after completion of Round 4. We are offering this discount to

attract early adopters with patience for being able to trade or utilise the features

offered by the company.

The sales of this round will deliver a promissory note to the purchaser, which will be

redeemable on the CubeBucks wallet when it is launched.

A promissory note, sometimes referred to as a note payable, is a legal instrument (more particularly, a

financial instrument and a debt instrument), in which one party (the maker or issuer) promises in writing

to pay a determinate sum to the other (the payee), either at a fixed or determinable future time

All notes will be redeemable for their value in CubeBucks on the platform when the

Blockchain system is fully operational allowing for coins to be issued and loaded into

our wallet.

ROUND 0

20

ROUND 1 TO 4 – ICO OFFER

Please note that the promise to pay – “Every CubeBucks coin (qb) that remain unsold

on our platform will be settled on demand from the assets being held in the asset

portfolio for the maximum ratio reflected on the Nett Asset value per coin on the

control panel” – Will only be available after completion of Round 4 of the ICO.

Round 1 – This round is the first live round that CubeBucks coins qb will be

released. The milestone for the activation of this round is that the Wallet

platform is available and we are able to load coins on the wallet. The wallet

will have limited usability in that users will be able to transfer coins between each other

on the network, and some limited payments will be possible with vendors willing to

accept the coin as payment.

Round 2 – This round is the second live round that CubeBucks coins qb will be

released. The milestone for the activation of this round is that Round 1 is fully

sold out, the Wallet platform functions for risk profile and asset allocation has

been completed. The wallet will remain limited in usability in that users will be able to

transfer coins between each other on the network, and some limited payments will

be possible with vendors willing to accept the coin as payment.

Round 3 – This round is the third live round that CubeBucks coins qb will be

released. The milestone for the activation of this round is that Round 2 is fully

sold out. The Wallet platform has full functionality including exchange of any

other cryptocurrency with the Cross-Chain Market Engine.

Round 4 – This round is the last defined volume, coin release round, for

CubeBucks coins - qb. The milestone for the activation of this round is that

Round 3 is fully sold out. Assets allocation funds have been contractually committed

and the initial seed fund for each asset has been committed to the administrators.

User allocation to funds will initiate and effect the allocations of assets to investment

funds.

On completion of this round, the asset guarantee initiates.

FURTHER ROUNDS - MARKET OPEN – COIN RELEASE MODEL APPLY BASED ON SUPPLY

AND DEMAND

21

USE OF FUNDS FOR BUDGET ALLOCATION ARE SET OUT BELOW:

All funds received will be processed in the following manner:

Funds received:

USE OF FUNDS – DEVELOPMENT FUND COMPONENT:

Funds

80% Invest

Cash/

Equities

Crypto

Currencies

Commodities Funds

20%

Development

15%

Development

Fund

5%

Team

rewards

22

ROADMAP

Coin sale launch for Round 0

Blocks: 80

Coins – qb: 4 096 000

Price $0.30

Delivery: Promissory Note

Open: 18 December 2017 to 30 January 2018

23

TEAM

Hanief Kader

C.E.O

Jan MacKay

C.I.O

Co-Founder Hanief

Kader, is an

entrepreneur with 25

years of management

and consulting

experience in various

businesses and sectors.

Hanief, as the CEO is

passionate about

leading the resources to

execute the vision of

Cubebucks.

The preferred

cryptocurrency

Co-Founder Jan has

experience in

development, FinTech

and internet

commerce, and over

20 years’ experience

in business

management, Jan

provides the

leadership and

technical background

for the CubeBucks

Blockchain.

BWB is a professional

services firm,

combining a top 100

legal practice that

tailor our service to

meet our clients’

needs with support

and specialist advice

to financial services

firms on the

regulatory issues

affecting them. We

cover all areas of

FCA and European

regulation that have

an impact in the UK

across the full range

of compliance topics.

At Kingston Smith, our

approach reflects our

experience and

demonstrates an

understanding of

what our clients

need. Our range of

audit and

accountancy

services offers clients

reassurance from a

technical

perspective,

enthusiasm and

responsive- ness.

Each audit is headed

up by a dedicated

partner.

Within the CubeBucks

team, everyone has

an important role.

Each individual’s

abilities, knowledge,

and experience are

pooled and used by

the team to

successfully complete

the project. It

therefore, makes

CubeBucks …

One Team. One

Heart. One Legacy

Legal

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24

LEGAL GOVERNANCE AND AUDIT COMPLIANCE

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DISCLOSURE

NATURE OF CUBEBUCKS

CubeBucks is a multidimensional blockchain: Holders of CubeBucks are enabled to

access the full functionality of the CubeBucks Platform when the development is

complete and qb coins are released to the market.

CubeBucks are non-refundable: CubeBucks is not obliged to provide Coins holders

with a refund for any reason, and CubeBucks holders will not receive money or

other compensation in lieu of a refund. Statements set out in the White Paper are

merely expressions CubeBucks’s objectives and desired work plan to achieve the

objectives, and no promises of future performance or price are or will be made in

respect to CubeBucks, other than the 80% value represented by the asset

allocation funds from the initial coin offer. Valuations according to market

conditions and group elected fund allocations will reduce or increase the

valuation of the assets underwriting the value of the qb coin.

CubeBucks provided on "as is" basis: CubeBucks is provided on "as is" basis.

CubeBucks and its representative directors, officers, advisors, employees,

shareholders, affiliates and licensors (hereafter referred to as MEMBERS) make no

representations or warranties of any kind, whether express, implied, statutory or

otherwise regarding CubeBucks, including any warranty that CubeBucks and the

CubeBucks Platform will be uninterrupted, error-free or free of harmful components,

secure or not otherwise lost or damaged. Except to the extent prohibited by

applicable law, CubeBucks and the MEMBERS disclaim all warranties, including any

implied warranties of merchantability, satisfactory quality, fitness for a particular

purpose, non-infringement, or quiet enjoyment, and any warranties arising out of

any course of dealings, usage or trade.

CubeBucks may have no value: CubeBucks may have no value and there is no

guarantee or representation of liquidity for CubeBucks. The CubeBucks is not and shall

not be responsible for or liable for the market value of the CubeBucks, the

transferability and/or liquidity of CubeBucks and/or the availability of any market for

CubeBucks through third parties or otherwise.

Lack of development of the market for CubeBucks: There are no warranties that

CubeBucks will be listed or made available for exchange for other cryptocurrencies

and/or fiat money. It shall be explicitly cautioned that if CubeBucks are available

on any exchange, such exchange, if any, may not be subject to regulatory

oversight and that CubeBucks does not give any warranties in relation to any

exchange services providers. Because there has been no prior public trading

market for CubeBucks, the coin Issuance may not result in an active or liquid market

for CubeBucks, and the price of CubeBucks may be volatile. CubeBucks holders

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may not be able to dispose of CubeBucks easily and where no secondary market

develops, a CubeBucks holder may not be able to liquidate at all.

Risks relating to highly speculative prices: The valuation of cryptocurrencies and

digital coins in secondary markets is usually not transparent, and highly speculative.

CubeBucks do hold ownership rights to underlying assets and, therefore, are

backed by these tangible assets. The value of CubeBucks in secondary markets, if

any, may fluctuate greatly within a short period of time. There is a high risk that

Purchasers may lose up to 20% of their contribution amount, and in the worst-case

scenario, CubeBucks could be rendered worth less than the value of assets held.

Force majeure: The coin Issuance and the performance of CubeBucks activities set

out in the White Paper development roadmap may be interrupted, suspended or

delayed due to force majeure circumstances. For the purposes of this White Paper,

force majeure shall mean extraordinary events and circumstances which could not

be prevented by CubeBucks and shall include: changes in market forces or the

technology, acts of nature, wars, armed conflicts, mass civil disorders, industrial

actions, epidemics, lockouts, slowdowns, prolonged shortage or other failures of

energy supplies or communication service, acts of municipal, state or federal

governmental agencies, other circumstances beyond CubeBucks’ control, which

were not in existence at the time of Coin Issuance.

GOVERNMENTAL DISCLOSURES

Risk of unfavourable regulatory action in one or more jurisdictions: The regulatory

status of cryptographic coins, digital assets, and blockchain technology is

undeveloped, varies significantly among jurisdictions and is subject to significant

uncertainty. It is possible that certain jurisdictions may adopt laws, regulations, policies

or rules directly or indirectly affecting the blockchain networks, or restricting the right

to acquire, own, hold, sell, convert, trade, or use CubeBucks. Developments in laws,

regulations, policies or rules may alter the nature of the operation of the blockchain

network upon which CubeBucks is dependent.

There can be no assurance that governmental authorities will not examine the

operations of CubeBucks or pursue enforcement actions against the company. All of

this may subject the company to judgments, settlements, fines or penalties, or cause

the company to restructure their operations and activities or to cease offering certain

products or services, all of which could harm the reputation or lead to higher

operational costs, which may, in turn, have a material adverse effect on CubeBucks

and/or the development of the platform.

Purchaser bears the responsibility for legal categorization: There is a risk that

CubeBucks might be considered a security in certain jurisdictions, or that they might

be considered to be a security in the future. The company does not provide any

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warranty or guarantee as to whether it will be a security in the jurisdiction of the

Purchaser. Each Purchaser will bear all consequences of CubeBucks being

considered a security in their respective jurisdiction and will be responsible to confirm

if the acquisition and/or disposal of CubeBucks is legal in its relevant jurisdiction, and

each Purchaser undertakes not to use CubeBucks in any jurisdiction where doing so

would be unlawful. If a Purchaser establishes that the purchase or use of CubeBucks

is not legal in its jurisdiction, it should not acquire CubeBucks and immediately stop

using or possessing CubeBucks.

Acquiring CubeBucks in exchange for cryptocurrencies will most likely continue to be

scrutinized by various regulatory bodies around the world, which may impact the

usage of CubeBucks. The legal ability of the company to provide or support

CubeBucks or the CubeBucks Platform in some jurisdictions may be eliminated by

future regulation or legal actions. In the event the company determines that the

purchase or usage of CubeBucks is illegal in a jurisdiction, the company may cease

operations in that jurisdiction, or adjust CubeBucks in a way to comply with applicable

law.

Purchaser bears responsibility for complying with transfer restrictions: CubeBucks

may be placed on third-party exchanges, giving future purchasers and users an

opportunity to openly buy CubeBucks. A user seeking to enter the CubeBucks

Platform following the Coin Issuance will have to buy CubeBucks on such

exchanges. Conversely, CubeBucks may be sold on such exchanges if the holder

of CubeBucks would like to exit the CubeBucks Platform ecosystem. Existing laws

on the circulation of securities in certain countries, such as the United States of

America and Singapore, may prohibit the sale of the CubeBucks to the residents

of those countries. When buying CubeBucks, Purchaser should be aware of the

restrictions on their subsequent sale.

GENERAL SECURITY RISKS

Risk of theft and hacking: Coin generation events and initial coin offerings are often

targeted by hackers and bad actors. Hackers may attempt to interfere with the

Purchaser's coin wallet used to store the private keys to CubeBucks, which is

accessible through applications that make use of the CubeBucks API (Purchaser's

Wallet), CubeBucks Smart Contract or the availability of CubeBucks in any number of

ways, including denial of service attacks, Sybil attacks, spoofing, smurfing, malware

attacks, or consensus-based attacks. Any such attack may result in theft or loss for coin

holders.

Failure to map a public key to Purchaser's Wallet: Failure of the Purchaser to map a

public key to such Purchaser's Wallet may result in third-parties being unable to

recognize buyer’s CubeBucks balance on the CubeBucks blockchain when and if

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they configure the initial balances of a new blockchain based upon the CubeBucks

Platform.

Risk of weaknesses or exploitable breakthroughs in the field of cryptography:

Advances in cryptography, or other technological advances such as the

development of quantum computers, could present risks to cryptocurrencies.

Internet transmission risks: There are risks associated with using CubeBucks like the

probable failure of hardware, software, and internet connections. CubeBucks will not

be responsible for any communication failures, disruptions, errors, distortions or delays

experienced when using the CubeBucks Platform, however, caused. Transactions in

cryptocurrencies and coins may be irreversible, and, accordingly, losses due to

fraudulent or accidental transactions may not be recoverable. Cryptocurrency

transactions are deemed to be made when recorded on a public ledger, which is not

necessarily the date or time when the transaction is initiated.

CUBEBUCKS PLATFORM DISCLOSURES

Risks associated with CubeBucks associated software and/or infrastructure:

CubeBucks is based on the Flex blockchain. As such, any malfunction, unintended

function or unexpected functioning of the protocol may cause CubeBucks and/ or

the CubeBucks Platform to malfunction or function in an unexpected or unintended

manner.

The Flex blockchain rests on open source software, and accordingly, there is the risk

that CubeBucks Smart Contract may contain intentional or unintentional bugs or

weaknesses which may negatively affect CubeBucks or result in the loss or theft of

CubeBucks or the loss of ability to access or control CubeBucks. In the event of such

a software bug or weakness, there may be no remedy and CubeBucks holders are

not guaranteed any remedy, refund or compensation.

Irreversible nature of blockchain transactions: Transactions involving CubeBucks that

have been verified, and recorded as a block on the blockchain, generally cannot be

undone. Even if the transaction turns out to have been in error, or due to theft of a

user's CubeBucks, the transaction is not reversible. Further, at this time, there is no

governmental, regulatory, investigative, or prosecutorial authority or mechanism

through which to bring an action or complaint regarding missing or stolen

cryptocurrencies and digital coins. Consequently, CubeBucks may be unable to

replace missing qb’s or seek reimbursement for any erroneous transfer or theft of

CubeBucks.

Amendments to protocol: The development team and administrators of the source

code for the Flex blockchain or the CubeBucks coin could propose amendments to

such network's protocols and software that, if accepted and authorized, or not

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accepted, by the network community, could adversely affect the supply, security,

value, or market share of CubeBucks.

CUBEBUCKS LTD DISCLOSURES

Dependence on management team: The ability of the CubeBucks Platform project

team which is responsible for maintaining the competitive position of the CubeBucks

Platform is dependent to a large degree on the services of a senior management

team. The loss or diminution in the services of members of such senior management

team or an inability to attract, retain and maintain additional senior management

personnel could have a material adverse effect on the CubeBucks Platform.

Competition for personnel with relevant expertise is intense due to the small number

of qualified individuals, and this competition may seriously affect the 's ability to retain

its existing senior management and attract additional qualified senior management

personnel, which could have a significant adverse impact on the Platform.

Risks related to reliance on third parties: Even if completed, the CubeBucks Platform

will rely, in whole or partly, on third-parties to adopt and implement it and to continue

to develop, supply, and otherwise support it. There is no assurance or guarantee that

those third-parties will complete their work, properly carry out their obligations, or

otherwise meet anyone’s needs, any of which might have a material adverse effect

on the CubeBucks Platform.

Insufficient interest in the CubeBucks Platform and CubeBucks: It is possible that

CubeBucks will not be used by a large number of individuals, businesses and

organizations and that there will be limited public interest in the creation and

development of its functionalities. Such a lack of interest could impact the

development of the platform.

CubeBucks Platform development risks: The development of the CubeBucks Platform

may be abandoned for a number of reasons, including lack of interest from the public,

lack of funding, lack of commercial success or prospects, or departure of key

personnel.

Changes to the CubeBucks Platform: The Platform is still under development and may

undergo significant changes over time. Although the company intend for the Platform

to have the features and specifications set forth in this White Paper, changes to such

features and specifications may be made for any number of reasons, any of which

may mean that the CubeBucks Platform does not meet the expectations of the

Purchaser.

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LEGAL GOVERNANCE

All banking regulations will be adhered to in order to retain good standing with

regulators.

These include:

Compliance to FINCEN (USA), FCA (UK) and other regulatory bodies will require

CubeBucks to comply with the provisions of The Bank Secrecy Act and its

implementing regulations requiring us to develop, implement, and maintain an

effective written anti-money laundering (“AML”) program that is reasonably designed

to prevent our system from being used to facilitate money laundering and the

financing of terrorist activities.

See 31 U.S.C. §§ 5318(a) (2) and 5318(h); 31 C.F.R. § 1022.210.

Under the Bank Secrecy Act, CubeBucks will be required to implement an AML

program that, at a minimum:

incorporates policies, procedures and internal controls designed to assure ongoing

compliance;

designates an individual responsible for assuring day to day compliance with the

program and Bank Secrecy Act requirements;

provides training for appropriate personnel including training in the detection of

suspicious transactions; and

Provides for an independent review to monitor and maintain an adequate program.

31 C.F.R. §§ 1022.210(d).

REF: Opinion and Warning issued by the UK FCI

https://www.fca.org.uk/news/statements/initial-coin-offerings

REF: Opinion and Warning issued by the European Central Bank:

https://www.eba.europa.eu/documents/10180/598344/EBA+Warning+on+Virtual+Cu

rrencies.pdf

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COMPLIANCE

Cube Bucks must report transactions that the cryptocurrency exchange “knows,

suspects, or has reason to suspect” are suspicious, if the transaction is conducted or

attempted by, at, or through the cryptocurrency, and the transaction involves or

aggregates to at least $2,000.00 in funds or other assets. 31 C.F.R. § 1022.320(a) (2) or

as defined in the relevant jurisdiction.

A transaction is “suspicious” if the transaction:

involves funds derived from illegal activity;

is intended or conducted in order to hide or disguise funds or assets derived from illegal

activity;

to disguise the ownership, nature, source, location, or control of funds or assets derived

from illegal activity;

is designed, whether through structuring or other means, to evade any requirement in

the Bank Secrecy Act or its implementing regulations;

Serves no business or apparent lawful purpose, and the company knows of no

reasonable explanation for the transaction after examining the available facts,

including the background and possible purpose of the transaction;

Involves use of cryptocurrency to facilitate criminal activity; or

Implement Know Your Client (KYC) policy and procedures that must be adhered to

for all new accounts being opened including the collection and storage of Identity,

proof of address and other relevant business information.

ICO purchases with blockchain currencies are excluded from the above restrictions,

provided the buying party effectively register their Know Your Client (KYC) and written

anti-money laundering AML documents before live trading currencies.