The Wanted System will develop a foundational blockchain platform, Wanted Network Engine (WNE), enabling the creation of
THE WANTED SYSTEM Building a safer community together Crypto currency compensation network. THE WANTED SYSTEM is a compensation based information collection, validation, and distribution application built upon our blockchain platform, the Wanted Network Engine. The Wanted System coin (XWS) allows the option for users to simultaneously make contributions to the victims of the crime connected to the campaign, towards assisting identification, and the recovery of individuals. Utilization of The Wanted System application will give private citizens or an entire community the power and confidence to ensure accountability amongst not only itself, but also with those in positions of authority.
This is a living document. The Wanted System platform is also subject to change.
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Abstract One of life’s constants is the struggle for order and civility against those who seek their own gains at the cost of their community. Continuously, those living within our communities both locally and across the nation are reminded of the daily fight against criminal actions. Complicating the situation, most communities are often helpless in their struggle due to lack of accountability with centralized authority, a lack of anonymity for those willing to come forward with the truth, and particularly, a lack of incentive. The Wanted System will develop a foundational blockchain platform, Wanted Network Engine (WNE), enabling the creation of a secure, anonymous messenger system to be utilized by users in creating Incident Based Campaigns (IBC) and making available information to be used by the authorities. Each individual IBC will allow information regarding specific unlawful occurrences to be shared with local authorities and those involved in all forms of media. We will use decentralized ledger technology to update and secure the process by which information of value is obtained by law enforcement, various media outlets, and other industries. Private individuals will be able to ensure a more rapid response to criminal activity without wasting time waiting for approval or resources from a law enforcement agency, outside of verifying an active investigation. Implementation of the The Wanted System network will give private citizens or an entire community the power to ensure accountability amongst not only itself, but also with those in positions of authority.
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INTRODUCTION TO THE WANTED SYSTEM The Wanted System is a compensation based information collection and distribution system. The WNE will insure information provided within each IBC will be verified, assessed, scored, and monetized at levels in proportion with the private and public interests utilizing The Wanted System regarding a specific IBC. The methods, applications, and processes used by the WNE will create fundamental changes by which institutional elements within the criminal justice system and media engage the public. The distributed ledger technology employed by the WNE will maintain information within each IBC in an unbroken chain of custody. Every IBC guarantees the option for a completely secure and anonymous transfer of critical information. The information is then brought to the attention of the authorities, the media, and the general public. The Wanted System incident campaigns will not be limited to specific criminal offences. The Wanted System is to be used for campaigns ranging from misdemeanors all the way to espionage. No offence will be too small or too large for an IBC. The amount of financial and public support each IBC will receive depends on the reason the campaign was started in the first place. A campaign to recover a stolen bicycle will undoubtedly receive less attention than a campaign focused on solving a murder. As more IBCs are created, users will have a wider selection of campaigns they can assist according to their own interest. This will open opportunities for users to focus and potentially specialize in assisting those campaigns most important to them.
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MARKET OVERVIEW The complexity and inefficiency of the current compensation system derives from many factors which until now could not be solved with a practical solution. Several of the more prominent limitations encountered involve not only institutional failures, but the realities and risks involved in providing information:
Law enforcement budgetary constraints
Inadequate reward amounts
Protracted payouts of rewards
Lack of anonymity for information provider
Complicated and risky payout collection methods
Fear of losing anonymity after providing information
Combining the traditional compensation system with one based upon crowdfunding techniques.
Creation of a campaign without waiting for one to be issued by authorities.
Empowering private citizens to proactively participate in the safety of their community.
Providing a widespread platform to help raise awareness for compensation campaigns and support through crowdsourcing.
The Wanted System will be able to address these issues by providing law enforcement, private citizens, and entire communities the technological solution needed to overcome traditional problems in combating criminal actions.
CROWDFUNDING
Traditional compensation based upon crowdfunding techniques.
CAMPAIGNS
No waiting for authorities to create a campaign.
COMMUNITY
Encouraging community participation by empowering citizens.
WIDE PLATFORM
A widespread platform for raising awareness.
We predict broad support throughout all communities The Wanted System is offered regardless of whether it is a large city or a rural area. There are no potential competitors with our project at this time, and we are unaware of any competing system applying blockchain technology to address the problems The Wanted System seeks to mitigate. Platforms to donate funds for victims of a crime are abundant throughout the crowdfunding ecosystem, however, none are also affiliated with a reward campaign to identify or recover the party accused of the criminal action. While there will certainly be attempts to copy The Wanted System, it’s highly unlikely anyone will posses a business network as mature as our own or such a concentration of industry related experience to maintain our first movers advantage.
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MARKET OVERVIEW CONT. INDUSTRY SUPPORT AND PARTNERSHIPS Community leaders, the bail bond industry, and law enforcement have demonstrated great enthusiasm for The Wanted System and are eager to participate in its development and implementation. In particular, companies within the bail bond industry have been the most vocal in their support and likely will be the first partnerships we establish. We have secured and are pursuing deeper relationships with both civic and legal communities as our project continues to grow. Of course, a project such as ours must partner with law enforcement, the legal community, and with local civic leaders, however, that is not enough. Strategic alliances with both traditional and new media outlets will be crucial in not only generating public awareness of The Wanted System’s applications, but also as a means to promote newly created IBCs. Lastly, far too often we see public interest and care for victims and their families forgotten in the wake of whichever new tragedy has occurred. With that in mind, we will be seeking partnerships with nonprofit advocacy groups focused specifically on working with those individuals and their loved ones left piecing their lives back together.
THE WANTED SYSTEM CAMPAIGN STRUCTURE AND ADMINISTRATION We expect a combination of private individuals, public industries, and all spectrums of law enforcement to participate in the creation of IBCs. Each IBC created will be broken down into these separate divisions providing participants and IBC creators multiple avenues by which contributions can be directed and compensations received.
Information Payout Fund
Victim Donation Fund
Law Enforcement Resources Fund
While the first two divisions of The Wanted System’s IBC are appreciated at a glance, the Law Enforcement Resources Fund will become yet another tool by which the public can hold law enforcement accountable. Should an IBC be disregarded due to complaints about low investigatory budgets by law enforcement, the creator and supporters of a respective IBC can raise direct funding to help solve the law enforcement budgetary shortcomings. These three divisions within an IBC are for now the structure by which participation in The Wanted System can be accomplished. However, additional divisions can and likely will be added as broader adoption and use of The Wanted System increases.
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MARKET OVERVIEW CONT. STRUCTURE AND ADMINISTRATION CONT. Along with maintaining the anonymity of information providers, the creators of The Wanted System are just as dedicated to preventing fraudulent IBCs. A team of former private investigators, retired law enforcement, and investigative journalists will help filter and verify user generated campaigns. An IBC will not be publicly released until the campaign has undergone complete review not only from the team of experts The Wanted System will employ, but also by the respective law enforcement official investigating the case. We appreciate the risk The Wanted System places itself in by submitting its IBCs to law enforcement approval prior to a campaign release. Should an IBC encounter confirmed resistance due to fear of potential corruption being exposed, we trust private citizens and local media in all forms to apply the appropriate pressure needed to bring about an IBC approval. This will be a large operation requiring several full time staff in our Las Vegas field office and as The Wanted System grows, the process will be adapted accordingly.
UTILITY OF THE WANTED SYSTEM COIN The Wanted System (XWS) coin will be used exclusively as a utility method by which services offered within The Wanted System may be pursued. The only method by which a user may participate in an ongoing Wanted campaign or create a new one is through the obtainment and use of the XWS coin. XWS coins will be available for purchase through the Wanted crowdfunding campaign and when the ICO concludes, through cryptocurrency exchanges.
HOW USERS CAN EARN Users starting a campaign will be termed as Campaign Initiator (CI). A CI will be able to financially benefit from starting their own IBC and will be eligible to receive a yet undetermined percentage of commission on all funds they raise. To be certain, the percentage will be substantial enough to warrant individual risk of providing critical information. More than one user of The Wanted System can start a similar campaign, however each will be subjected to a round of verification in order to prevent fraudulent IBCs. While our goal as a business is to generate and support massive adoption rates of The Wanted System, we will not enter into this large task until all avenues of protection for individual users right to anonymously collect compensation has been proven effective and secure. We understand putting one’s safety at risk for the sake of one’s community is a daunting task, and we look forward to providing a simple solution to an admittedly complicated issue. This will work most effectively with the right incentive and we look forward to creating it with the help of you, the community.
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TECHNICAL SPECIFICATIONS The Wanted System will be a Stratis fork, targeting .NET Core. This will allow anyone to host The Wanted nodes on Windows, Linux, Mac or even on Raspberry Pi. The major improvements to the Stratis full node will include secure messaging, multi-signature transaction support with BIP0174 distributing extension and Stealth addresses for extra anonymity.
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ROADMAP The Wanted System is born
Building of Strategic Relationships
Team Recruitment
May
June
Sept.
2107
Public Launch
Development Begins
Dec.
Oct.
2018 PROJECTIONS ICO Launch
Q1
KEY Release of Web App
Q2
Key Moments Roadmap Path
Release of Mobile App
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Q3
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CROWDFUNDING SUMMARY CROWDFUNDING DISTRIBUTIONS
8%
2%
What is the total supply? 50,000,000 XWS Coins What is the projected total supply for sale during ICO? 40% (20,000,000) XWS Coins will be initially offered to the interested parties in the crowdfunding.
40%
50%
What is the payout for founders in tokens? 2% (1,000,000) XWS Coins will be equally distributed between the founders + ICO funds to further development. What is the payout for business operations and housekeeping? 8% (4,000,000) XWS Coins are being used by The Wanted System for licensing, integrations, marketing, advertising, ongoing development and other operational expenses. What about the rest of the supply? 50% of the remaining supply (25,000,000) will be in the block rewards.
WANTED PRE - ICO Date: TBD $0.48 USD (before bonuses) The The Wanted System pre-ICO will be similar to most other coin and token pre-ICO rounds where for a limited period of time, graduating % discounts will be available preceding the ICO. This incentive will be progressively reduced a three week period. During the first week a 18% discount will be on offer, reducing to 12% the following week, down to 5% during the final week.
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CROWDFUNDING SUMMARY CONT. WANTED ICO Date: TBD $0.48 USD As the crowdfunding moves into the ICO the remaining XWS coins not sold during the pre-ICO will be available for purchase.
UNSOLD WANTED COINS If the The Wanted System ICO does not reach its maximum goals 5% of the unsold XWS coins will be redistributed equally to the founders, team members and business operations. The rest will be burned and documented for transparency.
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GLOSSARY OF TERMS CROWDFUNDING Crowdfunding is the practice of funding a project or venture by raising monetary contributions from a large number of people. ---
BLOCKCHAIN This represents a distributed ledger database, where no single copy exists. Instead of storing data in a monolithic server (or server farm) and make it available to the users through a centralized point of access, distributed ledger technology allows for a more sparse approach, where many redundant copies of the data exists all over the world. The data is stored in blocks, which are chained one to another to keep a logical and sequential registry of the operations of the network. ---
WALLET An application allows a user to have a public address where other users can send funds or where funds can be sent from in the The Wanted System Platform. The wallet contains a private key and stores the current state of the user funds expressed in XWS units. Normally, though, the people refers to the G.U.I. as the wallet itself, but this is only a practical case. Wallets without G.U.I. can also be used but the difficulty is bigger because the commands must be manually entered by the user and the results are not easily interpretable. The wallet can also be stored as a paper copy of the master private key, so it can be rebuilt later in a different machine without losing value.
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GLOSSARY OF TERMS CONT. COLD WALLET This is a way to store the essential information allows a wallet to be recreated in software form at a later time, while at the same time avoiding having it available (and hackable) through the Internet. When you create a paper wallet, you essentially make a special copy of the wallet main values (private keys) so you can delete the file physically from the computer. Doing this still allows to receive funds (you just need to send people a copy of your address or public key for ) but you cannot use/spend those funds until you activate the wallet again in a node. ---
NODE A node is a wallet also is connected to the internet. There can be different types of wallets and nodes, but they’re internally equivalent. ---
INITIAL COIN OFFERING (ICO) This is a process started by the coin creators in order to make an initial distribution of one part of the available total amount among the interested parties. The contributors to the crowdfunding will receive a certain number of coins proportional to their contribution in BTC or ETH.
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LEGAL COMPLIANCE AND DISCLAIMERS CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This document includes forward-looking statements, which may include statements about potential strategic options, plans for technical development, future growth and market position and all other statements in this document other than statements of historical fact. Forward-looking statements include, without limitation, statements that typically contain words such as ‘will’, ‘may’, ‘should’, ‘continues’, ‘aims’, ‘believes’, ‘expects’, ‘estimates’, ‘intends’, ‘anticipates’, ‘projects’, ‘plans’ or similar expressions. By their nature, forward-looking statements involve known and unknown risks and uncertainties because they relate to events and depend on circumstances that all occur in the future. Actual results may differ materially from those expressed in the forward-looking statements depending on a number of factors, including, but not limited to, the enactment of legislation or regulation that may impose costs or restrict activities, future market conditions, the behaviour of other market participants and competitors, an adverse change in the economic climate and a loss of key personnel. Many of these risks and uncertainties relate to factors that are beyond the Company’s ability to control or estimate precisely, such as future market conditions and the behaviours of competitors. The forward-looking statements contained in this document are made as of the date hereof. None of The Wanted System, its director(s) and others involved in The Wanted System assumes any obligation or intends publicly to update or revise these forwardlooking statements, whether as a result of future events, new information or otherwise except as required pursuant to applicable law.
RISKS The trading of Bitcoins, alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice. Your involvement with the The Wanted System project, the various present and future Wanted products, and the Wanted XWS coin exposes you to a number of non-standard risks. If you feel you cannot accept the risk of losses and damages because you do not have sufficient income, or if you think the risks make your engagement a bad choice in general, you should not claim your XWS coins and should ask for a refund of contributions made to date. If you are in any doubt as to the contents of this document or the action you should take, you are recommended to seek your own personal financial and legal advice immediately.
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LEGAL COMPLIANCE AND DISCLAIMERS CONT. NO FINANCIAL ADVICE The Information regarding the “Wanted” project in this or any document(s) or on any of the related “Wanted” website(s) is provided for educational and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The Information contained in or provided from or through any “Wanted” materials is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The Information on “Wanted” provided is general in nature and is not specific to you the interested party or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented in this document or website(s) pertaining to “Wanted” project(s) without undertaking independent due diligence and consultation with a professional broker or financial advisory. You understand any and all Information available on “Wanted” and any decisions your derive is at your own risk.
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TERMS OF USE PRIVACY POLICY The information we collect on our website is used to notify consumers about updates to our website, and in general to keep us informed of the preferences of our audience and customers. With respect to email, we collect the email addresses of those who register on our website and of those who communicate with us via email, the email addresses of those who make postings to our chat/Slack areas, aggregate information on what pages consumers access or visit, userspecific information on what pages consumers access or visit, information volunteered by the consumer, such as survey information and/or site registrations. From time to time we may need to communicate with you using the email address provided, if you do not want to receive emails from us in the future, please let us know by sending us an email at
[email protected].
MODIFICATIONS TO THE SITE, SOFTWARE AND THE SERVICES We may change these Terms and Conditions from time to time and at any time without notice to you, by posting such changes on the Site. We reserve the right, for any reason, in our sole discretion, to terminate, change, suspend or discontinue any aspect of the Site, including, but not limited to, content, features or hours of availability. By using the Site following any modifications to the Terms and Conditions, you agree to be bound by any such modifications to the Terms and Conditions. We may also impose limits on certain features of the Site or restrict your access to part or the entire Site without notice or penalty.
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