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Whitepaper 1.1

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CONTENTS

The Problem DistX Solves 3

DistX Platform Features & Benefits 4

Technical Process 8

Creating a Token Sale 9

Participating in a Token Sale 10

Backend Technical Process 12

DISTX & DISTXR Tokens 13

Roadmap 14

Founders, Team & Contact 15

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THE PROBLEM DISTX SOLVES

Token sales are becoming very popular again. There are many ways in which they operate, and while many are legitimate and well-run, there are also an increasing number of scams and ultra high-risk sales leaving investors out of pocket and with no possible recourse.

There are a lot of fake tokens, fake UniSwap listings, rug-pulling teams, anonymous teams, token distribution issues, poorly created tokens and countless other issues plaguing the crypto world and stifling the growth of a healthy market.

Whilst we don’t believe in centralised regulation in crypto, we are big believers in smart contracts being used in clever ways to give 100% confidence to investors and project teams alike.

DistX solves many of these problems in a full service platform. We handle token generation, token sale, distribution and UniSwap listing.

Token sale participants will be able to search for token sales, view settings and invest with confidence, knowing that certain actions will happens when criteria are met. If a token sale holder, for example, selects a soft cap of 500 ETH, both parties know with certainty that the participants will receive a refund if 500 ETH is not reached, or receive tokens if it is. There’s no trust involved.

Participants are also guaranteed that the ETH funds raised by the team will not be released until tokens are distributed. Those tokens are locked in DistX pools until distribution, so there is no possible way they will not be released at a predetermined time and date.

DistX is more than just an escrow service locking funds until criteria are met. The many features and benefits will create a very popular and trusted platform that could fast become the “gold standard” for token sales. If a token sale team decides not to run their sale through DistX, participants would have a lot of doubts as to the legitimacy of the project. No IEO (Initial Exchange Offering) or other centralised launchpad will be as safe and secure as DistX, being almost fully decentralised and with observable smart contracts for all of the most important stages of the process.

The many features of the platform combined with the excellent tokenomics of DISTX tokens is sure to create a vibrant, healthy community with huge benefits to both sides of a token sale. We anticipate rapid growth and a very successful, popular platform.

DistX is the future of token sales.

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DISTX PLATFORM FEATURES & BENEFITS

DistX offers a lot of unique and interesting features and benefits for token sale holders, participants and DISTX token holders alike. We believe the balance of benefits across both token sale holders and participants will ensure the success of the platform.

Features and Benefits for Token Sale Holders (teams)

• Ability to set minimum and maximum individual contributions, set the total funding goal soft cap and hard cap, set automatic token distribution date and much more.

• Ability to grant early access to the token sale to DISTX token holders and choose their minimum holdings to qualify.

• The benefit of tapping into our existing userbase of DISTX holders. Not only for exposure and awareness to an existing group of potential contributors, but the top 200 DISTX holders will also be added onto the token recipient list, meaning 200 more token holders automatically.

• Great exposure available from being featured in our upcoming and live token sale area.

• Safe and secure, automated token distribution. Our system handles the full distribution, no need to stress about organising the airdrop (and making mistakes).

• Contributors have the option of choosing when they redeem their tokens, meaning a significant portion of all tokens are essentially “locked up” until they are redeemed, reducing circulating supply.

• Raised ETH is automatically released once token sale goals are met. If the token sale fails to reach soft cap, the ETH is automatically refunded to the contributors, giving them peace of mind that you will not attempt to proceed with inadequate funding.

• We can handle the entire process, from token generation to token sale, distribution and ultimately listing on UniSwap. We also have the ability to automatically handle your pre-allocated UniSwap liquidity from a chosen portion of your raised funds, and your allocated tokens. This removes a lot of stress and significant development costs (and risks) involved, as well as giving your token holders confidence in exactly what will occur, and when.

• Successful tokens will automatically be listed on DistDEX (launching shortly after the main DistX platform). This allows traders who missed out on the token sale to purchase tokens immediately after the sale ends, before the token is listed anywhere else. DistDEX will be fully integrated into the platform.

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DISTX PLATFORM FEATURES & BENEFITS

Features and Benefits for Token Sale Participants

• DistX will allow potential participants to easily find upcoming token sales in one easy location, and review all of the details and settings selected by the token sale holders. This gives assurance of exactly what will occur - all guaranteed by smart contracts. There will be no trust required.

• The DistX service will ensure a high quality, professionally hosted token sale which will add value and maintain the reputation of the token sale team. This adds quality and value to the tokens, so the participants can have more confidence when contributing. The general success of DistX as a platform, and its growing popularity, will attract more attention for every token sale and result in more sold out token sales, increasing the chances of success of each project as they are more likely to have healthy funding.

• Token sale participants receive a unique DISTXR token immediately in their chosen destination wallet after contributing ETH. This uniquely generated token will store information about the purchase, e.g. the number of tokens the participant is entitled to). The participant will then redeem the DISTXR token at a time of their choosing, and select the destination address(es) for those tokens. This gives great flexibility and control over how and when you receive your tokens. Your tokens will be reserved in the DistX pool until you choose to redeem.

• Participants can check the settings of all token sales at any time, past or present. Checking the settings will give a guarantee of how the token sale contribution and distribution will transpire, including fixed funding goals, soft and hard caps, ETH fund release schedule, dates and times and more. Token sale holders will naturally be encouraged to choose settings that benefit their participants.

• Very low trust required in participating in token sales. Smart contracts guarantee the majority of the entire process. Obviously, after tokens are distributed and ETH funds released, we have no control over the team’s intentions. We focus on the process from token creation to UniSwap listing only and it is still critically important to do your own independent research on every project.

• Immediate access to trading the tokens on DistDEX, an extension of the DistX platform that automatically lists all successful tokens, with the pair of TOKEN/DISTX only.

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DISTX PLATFORM FEATURES & BENEFITS

Features and Benefits for DISTX Token Holders

• The top 200 DISTX token holders will share in significant rewards. During every successful (soft cap reached) token sale hosted by DistX, 2% of the tokens on offer will be shared among the top 200 DISTX token holders at the time of token distribution according to rewards tiers outlined on our website.

• 1% of all ETH raised during every successful token sale on DistX will be used to buy and burn DISTX tokens from the exchange. Another 1% of ETH is collected by DistX to cover gas fees for the token distribution.

Example: A token sale for ABC Tokens is held on DistX. 100,000,000 tokens are allocated for the token sale. 98,000,000 tokens are sold. 2,000,000 tokens are distributed to DISTX token holders, as part of the token distribution. The DISTX token holders receive the DISTXR token like any other token sale participant would. It is automatically sent to their wallet (the wallet their DISTX holdings are in). 2,000 ETH was raised. 1% of the ETH (20 ETH) is used to buy DISTX from the exchange, and burn it, removing it from circulation. 1% (20 ETH) is used to cover gas fees for token sale distribution. Whatever remains from that 1% is used for further product development.

• The circulating supply for DISTX is already low, and will be decreasing constantly as the platform is used. On top of the buy and burn deflationary effect, the top 200 holders will likely be keeping their tokens privately and not depositing into or trading on exchanges. The true circulating supply could potentially be very short.

• We have already locked $500,000 of liquidity into the UniSwap pools for 90 days. This should give confidence to DISTX token holders that it is safe to trade for tokens, knowing there will be liquidity to trade back to ETH when the time comes.

• DISTX token holders also gain early access to token sales on the DistX platform. This is a potentially significant advantage, as many token sales will sell out quickly.

• DISTX token holders will be able to trade on DistDEX, gaining access to the latest and greatest projects immediately after their token sale ends.

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DISTX PLATFORM FEATURES & BENEFITS

Other Features and Services Offered by DistX

DistX offers much more than just a token sale platform. Our service covers every step from token creation right through to UniSwap listing and liquidity locking.

Here is an example flow of what our service offering may look like:

ABC Project Team need a token created - “ABC Token”.

DistX team creates the ABC Token

ABC Team adds a token sale on DistX, selects settings

ABC Team transfers ABC Tokens to DistX Pool

Token Sale commences

Successful token sale completes (soft cap reached)

Token distribution open (DISTXR tokens can be redeemed)

Official UniSwap trading link is added to DistX website

Remaining ETH raised is distributed to team

DistX team creates UniSwap listing

Some ETH raised is directly locked into UniSwap liquidity

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TECHNICAL PROCESS

Contracts

Master Contract

Responsible for connection between frontend and backend. We use this to identify what needs to be done and where it should be sent to do that.

DISTXR Contract

Contract maintains a mapping of (address -> sales[]). Anytime a user wants to redeem a DISTXR or recieves a DISTXR this token will keep track of which tokens they can redeem them for.

Every sale is tied to a single DISTXR per person, so they might have 10 DISTXR for 10 sales. It doesn’t matter which one they send back to redeem since they can select which sale they are redeeming at the point of redemption.

Transferring a DISTXR just removes the sale from their mapping and adds it to another user, they then send the token.

Routing Contract

Simple, used to store addresses of every contract we have deployed so we can do updates on each contract separately and just update an address

Factory Contract

Holds the blueprint for the sale contracts, allows us to deploy sale contracts and update the routing contract so we can know where it goes and when.

Sale Contract

Every sale on the platform gets its own contract. This makes it easy to see what a particular sale is doing and keeps gas low.

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CREATING A TOKEN SALE

Token Sale Holder Options

When a token sale holder creates a new token sale on the DistX platform, the following options and settings will be required. Most settings and info will be viewable by the public before contribution.

Token Sale Holder Process

1. The token sale holder visits the DistX website and selects “Create Token Sale”.

2. They are presented with all of the available options (as above). As they move through the screens, they get presented with the KYC screen.

3. At this stage, they need to perform some basic KYC. This may involve linking their official Twitter or Telegram so we can check that they are genuine. We can also check their token contract address to verify it is the genuine token and not a clone. Teams may still remain anonymous during their token if they wish, after meeting our verification criteria privately.

4. Once received, all settings are sent to the master contract.

5. It is then pushed to factory contract with all the selected settings to spin up the sale contract.

6. This will then be stored in the routing contract for later use.

7. Sale will go live once the selected date occurs.

8. After the sale has ended (sold out or time expired) ETH fees will be deducted from the raised ETH funds. The fee is 2%. Half of this fee is used to cover gas for the token distribution. The fee is deducted from all token sales, regardless of soft cap being reached. This is to ensure we cover the gas costs for immediately sending DISTXR tokens. The other half is used to buy back and burn DISTX tokens as outlined on page 6 of this document.

• Token name

• Token Symbol

• Decimals

• Token Address (if already created)

• Do you want us to deploy the token?

• Whitepaper

• Website

• Socials

• Early access for DISTX token holders?

• Do you want to automatically list on uniswap?

• Do you want to lock team tokens, if so how long?

• What is the token distribution (amount for sale/held by team)?

• Is the token burnable?

• Do you want to lock UniSwap liquidity?

• When does the sale start?

• When does the sale end?

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PARTICIPATING IN A TOKEN SALE

Token Sale Contribution Process

The following process takes place when a user takes part in a token sale contribution.

1. The buyer comes to the site, browses all ongoing sales and future sales.

2. He decides to participate in a token sale and selects “contribute”.

3. He is presented with a unique address to send ETH to. He can choose to use MetaMask or just send ETH directly from any wallet (personal or exchange).

4. The contributors select the recipient addresses to receive their DISTXR token. The destination wallets must be personal ERC20 wallets. The contributor can send ETH from as many places as they wish, in any amount. The total value of the DISTXR token will be updated so long as they send ETH to the same contribution address each time. For example, they can send 1 ETH from MetaMask, another 2 from Binance later, another 0.5 from Kucoin, and they will receive 3.5 ETH worth of tokens, credited on their DISTXR token.

5. Once ETH arrives, the unique DISTXR token is sent to the selected destination address. As mentioned, any further ETH contributions will simply add credit to the DISTXR token value. They are now in the sale!

6. Once the token sale ends, if the funding soft cap is reached, they can redeem the DISTXR by coming back to the site at anytime in the future. Their tokens are reserved in the DistX pool until this time. If the soft cap is not reached, the DISTXR tokens will not be redeemable.

Our unique DISTXR token gives peace of mind to the token sale contributor, and a lot of flexibility in how and when the purchased tokens are redeemed.

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PARTICIPATING IN A TOKEN SALE

Technical Process of Token Sale Participation

When a user participates in a sale, we take their ETH. At that point, we update the DISTXR token contract mapping for their address and add the sale they just entered. We then give them the DISTXR token to their chosen destination address.

We have a timer running checking for any sales that have ended, and when they end we open up redemption for DISTXR at a preset time of their choosing (they may wish to wait until after UniSwap listing). Redemption is not possible before this time. The site will present the user all available sales for the DISTXR in their wallet, letting them choose which one they are redeeming (this is important if they entered multiple token sales). They don’t need MetaMask, they can just paste their address in to see which sales they are eligible to redeem.

The whole process runs independent of MetaMask.

Even more technical process...

User comes to site homepage -> Site connects to express api (get /main/sales/home) -> Express API connects to mongodb and pulls all available sales for the homepage with timers.

User selects sale -> Site connects to express api (get /main/sale/details?id=xyz) -> Express connects to db to pull particular sale details.

User says “I want to buy in” on site -> (get /main/sale/buy?id=xyz) -> contract address for that sale is pulled from the database and presented to the user.

Timer constantly looks for any payments to the provided address, if payment received and confirmed user has been sent DISTXR (it happens at once since it’s a contract call and not just an address).

Once sale ends, redeemable boolean set to true, user can now send in DISTXR and in the same call select what sale they are redeeming. If they send DISTXR without the function, it’ll reject it and send it back. If not sending from MetaMask, we generate an ETH address and call the function ourselves once they move the DISTXR to it.

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BACKEND TECHNICAL PROCESS

Off-Chain

We need some off-chain services to help keep track of everything and provide KYC/cached access to the system. If everything is on-chain, everything will cost gas and the more we can do signing the cheaper gas will be, plus caching means we can have read access to things without MetaMask.

NodeJS

We have a nodejs instance. The purpose of this instance is to provide REST/EXPRESS API wrappers for all the on-chain work. Users can go direct to chain (when they have MetaMask) or we can handle it off-chain and forward to our nodes on-chain.

MongoDB

We run a nosql database instance, mongodb for now which allows us to store any cache data we want accessible immediately. Things such as which token sales are happening now, contract address, time to open, settings selected.

Ether Nodes / Infura

We need to run some nodes or use Infura’s node aggregator to be able to push data directly to chain without the user using MetaMask.

The whole reason for having an off-chain backend is two points;

It lets us do KYC on sale holders since they can’t just push it direct to chain

It lets us allow users to function without MetaMask. We can offer an address, send ETH and you’re done - no need for MetaMask specifically.

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DISTX & DISTXR TOKENS

DISTX Tokens

DISTX tokens are the primary tradable token for the DistX platform. These are the tokens that you would be obtaining in our token sale. The top 200 DISTX holders share in 2% of the tokens from all token sales that run through DistX.

Symbol: DISTX Type: ERC-20 Total Supply: 50,000,000 Contract address: 0x4B4701f3f827E1331fb22FF8e2BEaC24b17Eb055

DISTXR Tokens

DISTXR tokens are a unique “coupon” token, serving primarily as a receipt for every token sale contribution on the DistX platform. When you participate in a token sale, you instantly receive a DISTXR token in your receiving wallet(s) which can be redeemed for your share of the token sale tokens, via the DistX website.

You can redeem this token at any time in the future, and split it into whichever wallets you like. This gives great flexibility in your token holdings as well as a receipt giving you peace of mind after contributing to a token sale. Each unique DISTXR token is generated at the time of your contribution.

Team (Timelocked)

10%

Token Sale 50%

UniSwap Liquidity(locked) 20%

Marketing,Partnerships,

Exchange Listings etc 20%

DISTX TOKEN DISTRIBUTION

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ROADMAP

Wednesday August 26

Presale – SOLD OUT!!

Friday, August 28

Public Sale - SOLD OUT!

Monday, August 31

UniSwap Listing + Liquidity Locked DISTX Token Distribution

Tuesday, September 1

Whitepaper Release

September Onwards

Marketing and partnership focus More Exchange Listings for DISTX

October

DistX platform design reveal (visuals)

Begin approaching projects for onboarding 🚀

End October DistX Platform Launch + marketing! 🚀

We submit the following tentative roadmap for design, development and launch of the DistX platform.Why tentative? Well, we’re very experienced in blockchain development and decentralised app launches. We understand that it’s nearly impossible to accurately estimate completion dates for all stages. We’re realists. We may be ahead of schedule, may be slightly behind - but we will continue working hard to try to meet the following deadlines.

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FOUNDERS, TEAM & CONTACT

We’re based in Perth, Western Australia. We have a great network of designers, developers, marketing professionals and community managers located around the globe.

You can chat to most of our team on Telegram any time, including directly with the founders. Where possible, we use contractors rather than employ full time staff. As we continue to grow, our team will grow and expand with us.

Contact DistX

Web: distx.io

Email: info@distx.io

Twitter: twitter.com/distxio

Telegram: t.me/distxio

Telegram announcements: t.me/distx_news

BitcoinTalk: Topic 5272334

Adrian DaluzFounder • Developer

Previous work includes Switch, ClearPoll, UniTrade and more.

Daniel AbelaFounder • Designer • Biz Dev

Founder of ClearPoll. Founder of Carbon. Owner of

ErrorSevenDev mobile games.

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