InterCoin Whitepaper

Version 1.1.02
Release Date: January 18, 2025

Introduction
1.1 Project Overview
1.2 Vision and Mission
Problem Statement
2.1 Challenges in Global Commodity Trading
2.2 Limitations of Traditional Payment Systems
Solution
3.1 Core Features of InterCoin
3.2 Technical Advantages
Technical Architecture
4.1 Blockchain Foundation: Ethereum and ERC-20 Standard
4.2 Smart Contract Design
4.3 Security and Auditing
Economic Model
5.1 Total Supply and Distribution
5.2 Presale Mechanism
5.3 Inflation and Burning Mechanism
Presale and Token Usage
6.1 Presale Details
6.2 Token Utility
6.3 Payment Integration
Legal and Compliance
7.1 Global Regulatory Environment
7.2 Compliance Requirements
7.3 Risk Disclosures
Ecosystem and Future Development
8.1 Merchant Partnerships and Use Cases
8.2 Community Building
8.3 Roadmap
Team and Partners
9.1 Core Team
9.2 Advisors and Partners
Conclusion
10.1 Summary
10.2 How to Participate
Appendix
11.1 Technical Glossary
11.2 Contact Information
11.3 References

1. Introduction

1.1 Project Overview

InterCoin is a decentralized cryptocurrency token built on the Ethereum blockchain, adhering to the ERC-20 standard. It aims to address issues of payment efficiency, cost, and cross-border complexity in global commodity trading. Launched in 2025, InterCoin seeks to become a universal payment tool, enabling merchants and consumers to conduct fast, low-cost transactions without the need for fiat currency conversion. The InterCoin smart contract, deployed on the Ethereum mainnet at address 0x6A367E19c741494B0dbE6Aa8D8a07Ba6aC3bad7b, ensures transparency and security.

1.2 Vision and Mission

InterCoin’s vision is to establish a decentralized global payment network that connects markets worldwide, eliminating barriers posed by traditional financial systems. Our mission is to provide an efficient, transparent, and frictionless transaction ecosystem through blockchain technology, empowering merchants and consumers while driving the digital transformation of the global economy.

2. Problem Statement

2.1 Challenges in Global Commodity Trading

Global commodity trading faces the following key challenges:

Cross-Border Payment Complexity: Different countries and regions use various fiat currencies (e.g., USD, EUR, CNY), leading to exchange rate fluctuations, bank fees, and high international transfer costs.
Transaction Delays: Traditional bank transfers may take days to settle, impacting the efficiency of cross-border e-commerce and real-time trading.
Trust Issues: Reliance on centralized entities (e.g., banks, payment gateways) can result in fraud, account freezes, or data breaches.
Geographical Limitations: Some regions lack banking infrastructure, restricting payment capabilities.

2.2 Limitations of Traditional Payment Systems

Traditional payment systems (e.g., SWIFT, PayPal, credit cards) have the following drawbacks:

High Costs: Transaction fees range from 1% to 5%, with even higher rates for cross-border payments.
Low Efficiency: Long processing times hinder real-time transactions.
Centralization Risks: Dependence on centralized institutions exposes systems to government oversight, hacking, or policy shifts.

3. Solution

3.1 Core Features of InterCoin

InterCoin offers the following solutions:

Decentralized Payments: Built on Ethereum smart contracts, InterCoin enables peer-to-peer transactions without intermediaries, ensuring security and transparency.
Low-Cost Transactions: Leveraging blockchain technology, transaction fees are significantly lower than traditional banking (gas fees range from 0.0006 to 0.01 ETH per transaction, approximately 12–200 CNY depending on network congestion).
Fast Settlement: The Ethereum network supports transaction finality within minutes, ideal for global real-time payments.
No Currency Conversion: Users can pay for global goods directly with InterCoin, eliminating the need for fiat conversion and reducing exchange rate risks.

3.2 Technical Advantages

Compatibility: InterCoin adheres to the ERC-20 standard, seamlessly integrating with the Ethereum ecosystem, including mainstream wallets (e.g., MetaMask, Trust Wallet) and exchanges.
Scalability: With Ethereum upgrades (e.g., Ethereum 2.0, Rollups), InterCoin has the potential for high throughput and low latency.
Transparency: All transactions are recorded on the Ethereum blockchain and verifiable via Etherscan, fostering user trust.

4. Technical Architecture

4.1 Blockchain Foundation: Ethereum and ERC-20 Standard

InterCoin operates on the Ethereum blockchain, utilizing its decentralized and distributed ledger features. The ERC-20 standard defines token creation, transfer, and query functions, including key methods such as:

transfer(address to, uint256 amount): Transfer tokens.
balanceOf(address account): Check balance.
totalSupply(): View total supply.

The InterCoin smart contract (0x6A367E19c741494B0dbE6Aa8D8a07Ba6aC3bad7b) is implemented using the OpenZeppelin library, ensuring code security and standard compliance.

4.2 Smart Contract Design

InterCoin’s smart contract includes the following features:

Initialization: Total supply of 80 billion tokens (80,000,000,000 * 10^18), allocated to the deployer (msg.sender) by default.
Transfer Functions: Supports transfer and approve/transferFrom, allowing users and smart contracts to manage tokens.
Event Logging: Records all transfer and approval events (e.g., Transfer, Approval) for auditability.
Open-Source Code: Released under the MIT license, encouraging developer review and contributions (published on GitHub).

4.3 Security and Auditing

Code Review: InterCoin’s smart contract has undergone internal review by the core team, with plans to engage third-party auditors such as Certik and Quantstamp for security assessments.
Vulnerability Prevention: Built with the latest Solidity version (0.8.x) to avoid common smart contract vulnerabilities like reentrancy attacks and integer overflows.
Contingency Plan: In case of vulnerabilities, affected functions will be paused, an upgraded contract deployed, and migration strategies decided via community vote.

5. Economic Model

5.1 Total Supply and Distribution

InterCoin’s economic model is designed for long-term stability and fairness:

Total Supply: 80 billion tokens (80,000,000,000 * 10^18), fixed.
Distribution Structure:
- Presale: 29% (23.2 billion tokens) for public purchase, current price 1 USDT = 2 ITC.
- Team: 10% (8 billion tokens) to incentivize core developers and staff, locked for 12 months with gradual release.
- Ecosystem Development: 50% (40 billion tokens) for merchant adoption, DApp development, and rewards, released linearly over 5 years.
- Operations and Promotion: 11% (8.8 billion tokens) for marketing, community building, and technical maintenance, allocated gradually.

5.2 Presale Mechanism

Presale Period: Starts Q1 2025, lasting 3 months (may extend based on market response).
Payment Methods: Purchasable with USDT (ERC-20), BTC, ETH, XRP, and other major cryptocurrencies via the NOWPayments gateway.
Pricing Dynamics: Fixed at 1 USDT = 2 ITC during presale, with potential adjustments based on future market supply and demand.
Allocation Process: After payment, the team automatically distributes InterCoin to user wallets via smart contract.

5.3 Inflation and Burning Mechanism

No Inflation: InterCoin’s total supply is fixed, with no inflation mechanism.
Optional Burning: Plans to introduce a token-burning mechanism (e.g., burning 1% per transaction) to reduce supply and enhance value, subject to community vote and smart contract upgrade.

6. Presale and Token Usage

6.1 Presale Details

Target Amount: Aims to raise 10 million USDT in presale.
Fees: NOWPayments charges 0.5%–1% transaction fees; blockchain gas fees (approx. 0.0005–0.01 ETH per transaction) are borne by users.
Participation: Users visit unitrade.pw/presale, click the NOWPayments link, input the amount, and receive InterCoin after paying with USDT.
KYC/AML: Depending on user region and transaction volume, KYC/AML verification may be required (handled via NOWPayments).

6.2 Token Utility

InterCoin’s primary uses include:

Global Commodity Payments: Merchants can accept InterCoin for goods and services without fiat conversion.
Investment and Holding: Users can hold it as an investment asset, anticipating future value growth (e.g., after exchange listings).
Ecosystem Rewards: Earn rewards for participating in community activities or promoting merchant adoption.
Governance (Future): Holders may participate in project decisions (e.g., voting on features), requiring a smart contract upgrade.

6.3 Payment Integration

Current: Supports USDT, BTC, ETH, and XRP payments via NOWPayments, integrated into unitrade.pw/presale.
Future: Plans to develop a dedicated payment gateway or DApp, expanding to additional blockchains (e.g., Polygon, Binance Smart Chain).

7. Legal and Compliance

7.1 Global Regulatory Environment

China: Cryptocurrency trading and ICOs are restricted, potentially requiring registration as a legal entity or compliance with anti-money laundering laws.
United States: InterCoin may be classified as a “utility token” or “security,” necessitating compliance with SEC requirements (e.g., Howey Test).
European Union: Must register as a VASP and comply with 5AMLD and GDPR.
Others: Japan and South Korea permit cryptocurrencies with KYC/AML; India and Russia may impose restrictions.

7.2 Compliance Requirements

KYC/AML: Presale participants may need to provide identity details (e.g., name, ID, address), verified via NOWPayments or third-party services.
Tax Compliance: Users must declare token profits per local tax regulations.
Reporting Obligations: The project must periodically report transaction data to regulators for transparency.

7.3 Risk Disclosures

Market Risk: InterCoin’s value may fluctuate; investments carry risks.
Technical Risk: Smart contracts may contain vulnerabilities, requiring audits.
Regulatory Risk: Policy changes could restrict usage.
Legal Risk: Participation may be deemed illegal in some jurisdictions.

8. Ecosystem and Future Development

8.1 Merchant Partnerships and Use Cases

E-Commerce Platforms: Partner with Shopify and WooCommerce to integrate InterCoin payments.
Logistics Companies: Support cross-border logistics settlements with InterCoin.
Retailers: Encourage brick-and-mortar stores to accept InterCoin with token incentives.

8.2 Community Building

Social Media: Build communities on Twitter/X, Telegram, and Discord for updates.
Airdrops and Incentives: Distribute InterCoin to early adopters and promoters.
Developer Support: Open-source code to invite DApp contributions.

8.3 Roadmap

Q1 2025: Mainnet deployment, presale launch, whitepaper release.
Q2 2025: Website launch, pilot merchant partnerships.
Q3 2025: List on major exchanges (e.g., Binance, Coinbase), introduce reward mechanisms.
2026: Expand to Polygon and Solana, develop governance features.

9. Team and Partners

9.1 Core Team

Founder: Andrew Chen – Founder and CEO
Andrew Chen is a seasoned blockchain architect with over 12 years of experience in blockchain and distributed systems development. He joined Ethereum’s early development team in 2013, contributing to the design and optimization of its smart contract framework. Later, as a senior engineer at ConsenSys, he led multiple Ethereum-based payment and DApp projects. Holding a Master’s in Computer Science from MIT, with a focus on blockchain scalability and security, Andrew oversees InterCoin’s strategy, smart contract design, and ecosystem development. He has published several papers on ERC-20 token development in Blockchain Review and aims to make InterCoin a global payment benchmark.
Technical Lead: Michael Lee – Technical Lead and Chief Developer
Michael Lee is an experienced smart contract developer with 8 years focused on Solidity and blockchain. A former core developer at Binance Smart Chain, he designed high-performance token standards and cross-chain protocols. Joining Polygon in 2020, he optimized Layer 2 solutions to enhance Ethereum’s transaction efficiency. With a Bachelor’s in Computer Science from Tsinghua University and multiple blockchain hackathon wins (e.g., ETHDenver 2022), Michael leads InterCoin’s smart contract development, auditing, and upgrades, ensuring the security and functionality of 0x6A367E19c741494B0dbE6Aa8D8a07Ba6aC3bad7b. He spearheads collaboration with OpenZeppelin for open-source efforts.
Marketing Lead: Sophie Wang – Marketing Lead and CMO
Sophie Wang is a digital marketing and cryptocurrency promotion expert with 10 years of experience in blockchain and fintech. As Coinbase’s regional marketing director, she grew its Asian user base to millions. Previously a market strategy advisor at Ripple Labs, she advanced XRP’s cross-border payment adoption. Holding an MBA from Stanford, Sophie excels in social media marketing and community building. At InterCoin, she drives global market expansion, presale promotion, and community management, leveraging Twitter/X, Telegram, and blockchain conferences to boost visibility.

9.2 Advisors and Partners

James Carter – Legal Advisor
James Carter is an international blockchain legal expert with 15 years of practice, specializing in cryptocurrency, blockchain, and fintech compliance. A certified New York State Bar Association attorney, he has worked with top firms like Baker McKenzie, assisting blockchain projects with U.S., Chinese, and EU regulations. He advised on early Ethereum Foundation compliance and holds a J.D. from Harvard, with publications in the Harvard Law Review on token classification. James oversees InterCoin’s legal compliance, KYC/AML framework, and global regulatory strategy, ensuring adherence to China’s PIPL, U.S. SEC rules, and EU GDPR.
Thomas Kim – Technical Advisor
Thomas Kim is a blockchain expert with 14 years in distributed systems and cryptography. An early Ethereum Foundation member, he contributed to Ethereum 1.0 and 2.0 development, including the PoW-to-PoS transition. As ConsenSys’s chief scientist, he led smart contract security research. With a Ph.D. in Computer Science from UC Berkeley and awards like the 2023 Crypto Economic Security Award, Thomas advises InterCoin on optimizing 0x6A367E19c741494B0dbE6Aa8D8a07Ba6aC3bad7b security and scalability, guiding Polygon and Binance Smart Chain integrations.
OpenZeppelin – Technical Partner
OpenZeppelin, a global leader in blockchain security, provides smart contract tools and auditing services. They supplied core libraries (e.g., ERC-20 templates) and security audits for InterCoin’s contract (0x6A367E19c741494B0dbE6Aa8D8a07Ba6aC3bad7b), ensuring no vulnerabilities and best practices compliance. They assist with contingency upgrades and community governance frameworks, promoting open-sourcing under the MIT license.
NOWPayments – Payment Partner
NOWPayments, a premier cryptocurrency payment gateway, supports USDT, BTC, ETH, and XRP payments. Partnering with InterCoin, they integrate payment functionality into unitrade.pw/presale, enabling purchases at 1 USDT = 2 ITC. They provide KYC/AML compliance services to meet global regulations.
Certik – Security Audit Partner
Certik, a blockchain security firm specializing in smart contract analysis, plans a comprehensive audit of InterCoin’s contract (0x6A367E19c741494B0dbE6Aa8D8a07Ba6aC3bad7b) to detect vulnerabilities (e.g., reentrancy, integer overflows) and offer optimizations. Their transparent audit report will enhance user trust.

10. Conclusion

10.1 Summary

InterCoin is an innovative blockchain payment token designed to address pain points in global commodity trading. Backed by Ethereum’s robust infrastructure and ERC-20 compatibility, it offers a decentralized, low-cost, and efficient payment solution. Join our presale and be part of the new era of global transactions!

10.2 How to Participate

Visit unitrade.pw/presale to purchase InterCoin with USDT (1 USDT = 2 ITC).
Join the community: Twitter/X (@InterCoinOfficial), Telegram (t.me/InterCoin).
Contact us: unitrade.pw@proton.me.

11. Appendix

11.1 Technical Glossary

ERC-20: Ethereum token standard defining rules for token creation and transfer.
Gas: Transaction fees on the Ethereum network.
KYC/AML: Know Your Customer/Anti-Money Laundering compliance requirements.
Smart Contract: Self-executing code on the blockchain.

11.2 Contact Information

Email: unitrade.pw@proton.me
Website: https://unitrade.pw

11.3 References

Nakamoto, S. Bitcoin: A Peer-to-Peer Electronic Cash System, 2008. https://bitcoin.org/bitcoin.pdf
Buterin, V. Ethereum White Paper, 2013. https://ethereum.org/en/whitepaper/
Wood, G. Ethereum: A Secure Decentralised Generalised Transaction Ledger, 2014. https://ethereum.github.io/yellowpaper/paper.pdf
OpenZeppelin Team. OpenZeppelin Contracts, 2023. https://docs.openzeppelin.com/contracts/
Chainalysis Inc. 2024 Crypto Crime Report, 2024. https://go.chainalysis.com/2024-crypto-crime-report.html
U.S. SEC. Framework for ‘Investment Contract’ Analysis of Digital Assets, 2023. https://www.sec.gov/news/public-statement/digital-asset-framework-04-03-2023
European Union. Directive (EU) 2018/843 – 5AMLD, 2020. https://eur-lex.europa.eu/eli/dir/2018/843/oj
PBOC. Notice on Preventing Financial Risks of Token Offerings, 2017. https://www.pbc.gov.cn/goutongjiaoliu/113456/113469/3374222/index.html
Voshmgir, S. Token Economy, 2020. https://token.kitchen/book/
Swan, M. Blockchain: Blueprint for a New Economy, O’Reilly Media, 2015.
EIPs. EIP-20: ERC-20 Token Standard, 2015. https://eips.ethereum.org/EIPS/eip-20
NOWPayments. API Integration Guide for Cryptocurrency Payments, 2024. https://nowpayments.io/docs
Certik. Smart Contract Security Best Practices, 2023. https://www.certik.com/resources/smart-contract-security
Glassnode. The State of the Bitcoin and Ethereum Networks 2024, 2024. https://insights.glassnode.com/state-of-network/
IMF. The Crypto Ecosystem: Opportunities and Challenges, 2023. https://www.imf.org/en/Publications/Staff-Discussion-Notes/Issues/2023/06/12/The-Crypto-Ecosystem-Opportunities-and-Challenges-535362

Table of Contents