Confideal ICO

ABSTRACT
Confideal is an anonymous service, which allows you to carry out quick, cheap
and safe international transactions without participation of third parties.
The platform is based on Ethereum Smart Contracts that are optimized for use
by non-programmers.
2
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TABLE OF CONTENTS
1. THE PROBLEM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
2. THE SOLUTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
2.1. The advantages of our solution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6
2.2. Advantages over existing alternatives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
3. CONFIDEAL ECOSYSTEM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
3.1. Confideal platform . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
3.2. Confideal Token (CDL) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
3.3. Ethereum (ETH) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
3.4. Confideal network parties . . . . . . . . . . . . . . . . . . ...

1. THE PROBLEM
International transactions are a pillar of the modern global economy.
International trade, real estate investment, industrial-grade equipment shipment
are just a few of the markets based entirely on such deals.
The market of international trade has been estimated to
have had a volume of 15 to 20 trillion USD in 2016. The real
estate investment market is predicted to reach almost
1.4 trillion USD in 2017.
This incredible volume of economic activity can only be maintained by thousands
of international contracts signed every day. Each of those deals is associated with
inevitable costs and risks. In addition to the risks inherent in the exchange itself,
counterparties have to spend significant resources on creating and maintaining
the contract.
In order to better understand where these costs come from, let us point out
three key problems that exist in today’s international contractual processes:
•
Interaction with Counterparties (Contracting).
The...

2. THE SOLUTION
Confideal is a platform that uses smart contract technology
powered by the Ethereum blockchain to solve fundamental
problems frequently associated with modern contractual
processes.
Ethereum is a decentralized system which includes the tools necessary to create
smart contracts, and also its own cryptocurrency Ether (ETH) which is needed for
those contracts to work.
Smart contracts are digital algorithms which describe a set of terms, which
are
automatically
fulfilled by the Ethereum network. They enable companies,
entrepreneurs and regular individuals to enter contracts with each other without
having to rely on the honesty of the respective counterparty.
The terms of a smart contract are established before the deal is made. Then their
fulfillment is ensured by software code without any human interaction.
Thus, the smart contract technology represents an ideal tool for low-risk
consummation of deals: outlined and executed by program code, the cont...

The principal target market for Confideal services consists of individuals
and companies engaged in the cryptoeconomy. However, the usefulness of
Confideal extends beyond that. Existing businesses, including entrepreneurs
and individuals who want to enjoy the advantages of our platform, can integrate
blockchain solutions into their business. Our platform’s main goal is to reduce
a variety of transaction costs. For that reason, it will be useful for anyone,
regardless of their field of activity or location.
2.1. The advantages of our solution
It’s important to note that it is technically possible to modify the data stored on
the blockchain. However, it is economically The Confideal platform offers a range
of advantages compared to traditional ways of contracting:
1.
The terms of the contract are established before it is signed and are stored
on the blockchain. That is why it is impossible to change its terms after
both sides have agreed to them. The contract can only be closed or ...

2.2. Advantages over existing alternatives
Currently, alternative blockchain-based integrated platforms for making secure
international contracts do not exist.
It is possible to use the Ethereum blockchain to create smart-contracts manually,
however that requires programming skills, or incurring the additional cost of
hiring a programmer.
There is also a number of services, which allow non-programmers to create
smart contracts with the use of a simplified interface. But those services cannot
be considered fully integrated platforms for international transactions, because
they do not provide arbitration services for dispute resolution.
The only option available to the counterparties on other platforms is to bring
in a third-party arbitrator, who could be unfamiliar with the contracts and their
details.
Thus, Confideal is a unique platform which offers a full range of tools necessary
to create, maintain and execute contracts, as well as to resolve disputes with a
pool of pre-sele...

3. CONFIDEAL ECOSYSTEM
3.1. Confideal platform
The Confideal platform is a crucial component of the overall Confideal
ecosystem, which provides the interaction between its participants. The platform
allows creating typical commercial contracts to deliver goods or services between
the parties utilizing a user-friendly interface. Moreover, the platform enables
contractual disputes to be settled by involving arbitrators.
3.2. Confideal Token (CDL)
The Confideal Token (CDL) is the main internal cryptocurrency used for payments
in the Confideal ecosystem. The token was developed according to ERC20 token
standard on the Ethereum blockchain, ensuring its full compatibility with other
projects compliant with this standard.
The total supply of CDL tokens is limited and cannot be more than 105.5 million
units (or lower, depending on the distribution of additional tokens during the
ICO). Most of the CDL tokens will be created during the ICO. The price of 1000
CDL tokens will be equivalent...

3.
Confideal guarantees that it will buy CDL tokens in exchange for ERC20
tokens of other companies (Bancor, Aragon, BAT, Gnosis etc.), provided that
the amount of those tokens is adequate to conduct the exchange. The tokens
of other projects will be accumulated whenever a contract is paid for in one
of those tokens on the Confideal platform. They will be stored by Confideal,
in order to guarantee the option of exchange. This way, if a CDL holder ever
wants to get rid of their stake for any reason, they will always be granted
an option to exchange them for a different ERC20 token. The tokens will be
exchanged in 1 to 1.5 ratio in USD equivalent. The redeemed CDL Tokens will
be back in circulation.
We expect that the key holders and users of CDL Tokens will be those who:
• Make big deals where a 1% fee is a significant amount of money.
• Are interested in voting to rate arbitrators
• Are interested in CDL Token as a market asset.
3.3. Ethereum (ETH)
Ethereum is a p...