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This document is not an offer of securities or a collective
investment scheme. Contributors are advised to read this
document carefully in full and perform due diligence on their
own. Please read terms and conditions before making any
DISCLAIMER OF LIABILITY
IMPORTANT NOTICE: PLEASE READ THE ENTIRETY OF THE “LEGAL
CONSIDERATIONS, RISK AND DISCLAIMER” SECTION CAREFULLY. WE
RECOMMEND YOU CONSULT A LEGAL, FINANCIAL, TAX OR OTHER
PROFESSIONAL ADVISOR(S) OR EXPERTS FOR FURTHER GUIDANCE PRIOR TO
PARTICIPATING IN THE CELLBLOCKS LIMITED TOKEN SALE OUTLINED IN THIS
The purpose of this document is to present information about CellBlocks and the
proposed CLBK Token sale to potential Token holders. This English-language white
paper is to be considered the primary, official source of information regarding CLBK
Tokens. The information contained herein may be translated into other languages or
used during written or verbal communications with existing and prospective
stakeholders, investors, customers, or partners. Some of the information contained
herein may be lost, corrupted, or misrepresented during such translations or
communications. The accuracy of alternative communications, other than this off...
this white paper. Nothing in this document shall be deemed to be a prospectus or
solicitation for investment in CellBlocks or CLBK Tokens. Nothing in this white paper
pertains to an offering or solicitation of an offer to purchase securities in any jurisdiction.
This white paper is not written in accordance with and is not subject to the laws or
regulations of any jurisdiction designed to protect investors. The CLBK Token is a utility
token. A CLBK Token is not a digital currency, security, commodity, or any other type of
financial instrument. The CLBK Token has not been registered under the Securities Act
securities laws of any state of the United States, or securities laws of any other
jurisdiction, including any jurisdiction in which a potential Token holder is a resident.
The CLBK Token cannot be used or exchanged for any purpose other than those
contained in this document, including but not limited to any investment, speculation, or
other financial purpose.
The CLBK Token is not intended for u...
Sale or the purchase of Tokens or any such similar activity or any other Restricted
Persons are not permitted to participate in the Token Sale. In no event shall CellBlocks
or any current or former Company Representatives be liable for the Excluded Liability
Matters. CellBlocks does not make or purport to make, and hereby disclaims, any
representation, warranty or undertaking in any form whatsoever to any entity or person,
including any representation, warranty or undertaking in relation to the truth, accuracy
and completeness of any of the information set out in the Available Information. You
should carefully consider and evaluate each of the risk factors and all other information
contained in the Terms before deciding to participate in the Token Sale.
Certain statements and information contained in this white paper constitute forward-
looking projections. Such forward-looking projections involve known and unknown risks
and uncertainties, which may cause actual events or results to differ materially from...
Table of Contents
DISCLAIMER OF LIABILITY
The Background / The Problems
Problems with Payment in the U.S. Prison System
CellBlocks: The Solution
How Does CellBlock Work?
CellBlocks Monthly Loyalty Program
Is CellBlocks a Utility or a Security?
The CellBlocks Team
LEGAL CONSIDERATIONS, RISKS AND DISCLAIMER
Custom Token Information
CellBlocks is a unique form of cryptocurrency, not because of what it is but because of
how it is used. CellBlocks was created to help make financial transactions within the
prison system more accurate, uniform, and secure. It is the only decentralized
cryptocurrency to make its way into the United States prison system. Across America,
prisons have allowed inmates to receive our mailings, and inmates as well as prison
officials from California to New York have expressed strong interest in this system.
It is now our mission to take the next step and install kiosk systems in prisons so
inmates can make their own transfers of this membership based token system. Because
of how the cryptocurrency is used, transactions are much smoother and easier to
monitor; a detailed record of each transaction is created and stored within the ledger.
CellBlocks’ mission is to become fully functional within the prison's financial network,
allowing inmates to receive and use this new token system without worr...
The CellBlocks Token is an ERC-20, standard-based, Ethereum token.
The team at CellBlocks, has been working to establish an integrated network for inmate
digital transactions. Prisons and inmates support the mission to implement a digital
token system in the U.S. prison system. The next stage of development will be
implementation of a pilot program within a U.S. prison. This phase will be ready to
commence at the end of Q4 2018. This white paper will outline the key stages and
features of the CellBlocks solution and the future schedule on which our products will be
developed and implemented.
CellBlocks is offering prepayment of CLBK Tokens, allowing prepayment of up to
150,000,000 CLBK Tokens at the initial market value of 0.10 USD per CLBK Token.
These tokens allow access to the CellBlocks interchange network.
Duration of Sale
Price of CLBK Token
Option for Early Termination
Further Token Issue
Method of Purchase
Transaction Burn Rate
April 1, 2018, 10 a.m. (UTC-7)
June 10, 2018, 10 a.m. (UTC-7)
Upon reaching 10MM
Unsold and unallocated Tokens will be destroyed
Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC),
No later than June 30, 2018
.5% of every transaction
CellBlocks acquires ConCoin for 3% tokens in CellBlocks.
Letters from prisons, package mailing companies, and inmates start showing up in support.
CellBlocks prepares for ICO.
Pilot program is put in place.
Inmate apps and interface will undergo further development.
CellBlocks' ICO launches.
CellBlocks is officially launch.
Q1 2019 and Beyond
CellBlocks begins expansions to other prisons across the country.