Version 1.3
12-21-2021
NETU21 Coin is a decentralized multi-level marketing platform based on smart contracts driven by blockchain technology and developed on Polygon Network. NETU21 smart contract MLM is a more well-known and commonly used MLM platform, while POLYGON is rising in popularity. Simply said, smart contract-based MLM is a multi level marketing platform that includes smart contract solutions. MLM system powered by blockchain is integrated into the Smart contract protocols.
The complete MLM business model is based on smart contracts running on the blockchain network. With the comparison to the traditional MLM company, where SCAMS is at an all-time high with numerous fraudulent operations, NETU21 Coin provide more transparency and trustability. The use of Smart contracts in MLM has fundamentally changed people’s perceptions of the industry and has given MLM platforms a new dimension. Ethereum smart contracts is a popular blockchain systems for smart contract development.
NETU21 Marketplace is a marketplace for all types of users to create NFTs (non-fungible tokens) of their articles or images and sell them on the platform. NETU21 Marketplace users can add one or more items to the marketplace to sell. Users who wish to buy from the market must also be registered on the NETU21 market.
All transactions on NETU21 Marketplace are performed using the platform's NETU21 Coin, which is used as a utility token on the platform.
The NETU21 Coin is unique in its kind because it allows to give a passive commission of all transactions to the previous 21 holders of the token. This means that any transaction whether transferring or trading the NFTs will generate a small commission that will be distributed among the 21 people who have previously owned the tokens.
The attached whitepaper is meant to describe the currently anticipated plans of NETU21 and its affiliates (together, “NETU21”) for developing a new blockchain token mechanism (“Token”) that will be used on the network sponsored by NETU21 (“Network”). Nothing in this document should be treated or read as a guarantee or promise of how NETU21’s business, the Network, or the Tokens will develop or of the utility or value of the Network or the Tokens. This whitepaper outlines NETU21’s current plans, which could change at its discretion, and the success of which will depend on many factors outside NETU21’s control, including market-based factors and factors within the ecological and cryptocurrency industries, among others. Any statements about future events are based solely on NETU21’s analysis of the issues described in this document.
This document does not constitute an offer or sale of the Tokens or any other mechanism for purchasing the Tokens (such as, without limitation, a fund holding the Tokens or a simple agreement for future tokens related to the Tokens). Any offer or sale of the Tokens or any related instrument will occur only based on definitive offering documents for the Tokens or the applicable instrument.
Purchasing the Tokens or any related instrument is subject to many potential risks. Some of these risks will be described in the offering documents. Purchasers of Tokens and related instruments could lose all or some of the value of the funds used for their purchases.
Please read this Whitepaper document published and endorsed by the NETU21 Marketplace for the accuracy of the information given and confirm that, after having made all reasonable inquiries, and to the best of its knowledge, information and belief, there are no false or misleading statements or other material facts the omission of which would make any statement false or misleading. This legal disclaimer applies to all persons who read this document. It must also be kept in mind that this notice can be changed and reviewed any time without any prior information or announcement to the public on the behalf of the NETU21 Marketplace and should not be construed as an agreement or commitment at the part of NETU21 Marketplace. This white paper is for information only and does not constitute an offer or solicitation to sell or to buy tokens and NFT’s from the NETU21 Marketplace or any other related or associated platform. All forward-looking statements such as “expects”, “plans”, “believes”, “projects”, “anticipates”, “will”, “aims”, “may”, “would”, “could”, “continue” and similar statements describe for roadmap execution, financial performance, business strategy, and future may involve risk and uncertainties and as such should seek properly independent professional advice prior to relying on or entering any commitment or transaction based on, material published in this Whitepaper, this white paper has only one aim that is to provide information about the NETU21 Marketplace and how it works also the NETU21 Coin. This Whitepaper should not be taken as a legal document that offers any kind of investment or any business deal between the reader and NETU21 Marketplace platform. NETU21 Marketplace team does not provide any suggestion to buy the tokens for any particular game or NFT’s from any Tier. The possibility of mistakes in this white paper cannot be altogether denied. We do not guarantee or warrant, and accept no legal liability whether direct or indirect, consequential, compensatory, incidental, actual, exemplary, punitive, or special (including but not limited to lost capital, profits, loss of revenue, or third-party loss whether foreseeable or otherwise, trading losses or damages, data, use, goodwill or oTher intangible losses) as the result of its ecosystem activities arising from or connected to the accuracy, reliability, currency, or completeness of any material in this whitepaper notwithstanding any negligence, default or lack of care, is disclaimed.
Non-fungible tokens (NFTs) become easy and accessible with NETU21 Marketplace in their ecosystem. In this way, you can upload your files and / or collections and create the NFTs in a secure and decentralized way.
With NFT's contribution, now any user can generate passive income from their archives.
The products and services we share on social media platforms or outlets are disbursed regularly and most are managed and controlled by the platform companies that provide them. Our rights to use the sale/trade and "ownership" of these products are almost always at the discretion of all those who manage everything. Any Instagram name/account could even be deleted from the platform. NFTs can't. Blockchain strongly ensures rights of ownership by providing highly secured accounts under which users can keep NFTs. So if the individual or user has the private keys or access then he or she can access the assets contained therein.
Blockchains track and monitor all transactions after their first block to the current block, along with any other transfer and/or exchange history of an NFT asset. Blockchains do this with unparalleled data encryption. It ensures a strong tracking of ownership and a complete history of NFT asset purchases. There is no mystery as to the origin or history of the NFT, because everything is registered and completely transparent.
NFTs are capable of tokenizing and capturing the ownership (and perhaps other rights) of a digital asset that can be freely exchanged on open markets. The above NFT assets, such as strong data assurance, ownership protection, counterfeit immunity, and evidence-based uniqueness, are extremely powerful in removing many of the risk friction costs that would normally accompany digital asset ownership, paving the way for access to markets and opening up previously locked and illiquid capital.
Some NFT smart contracts allow the original creator to continue to earn some profit from NFT resales. But they are limited to just that. If an NFT is a certificate of ownership over any digital or physical asset, it must have all the capabilities of a physical asset. That is, it must be allowed to sell, resell, rent, wear and restore. And all the benefit of the process should be reflected in all the users who in some way participated in that transaction, that is, those who referred to the meeting between these two people.
So the last point is the core of what NETU21 Marketplace perceives as one of its main goals. We confidently believe that blockchain, as well as its application to NFT technology, would significantly change the landscape of digital property and rights in esoteric ways. By unlocking new markets and potential values, make existing markets more competitive and productive, and give people full ownership of your digital assets. NETU21 Marketplace promises to promote this technology to general audiences and give everyone the ability to invest in ownership of NFT, as well as expand a vibrant ecosystem.
The NETU21 Framework is designed to optimize the benefit (and minimize risks) of digital asset ownership and trading. Our core technologies depend strictly on the blockchain, automated smart contracts.
NETU21 uses the Polygon blockchain and protocol, with a native token named NETU21. It will share the security advantages of the entire Polygon network, avoiding the possibility of a consensus attack.
There will be some charges applicable like application usage fees for trade execution, NFT creation and listing, NFT auctions, and network fees for NETU21 Coin transfers will apply.
The NETU21 Marketplace governance allows stakeholders to seamlessly amend the basic protocol and change essential framework parameters to meet the changing needs of the environment and the community.
NETU21 Marketplace provides a platform for users who want to bring their digital products to the NFT marketplace where they can sell their own images or items on a marketplace with established business models.
User Base Incentivization and Rewards. Community is almost everything, and the NETU21 Marketplace will focus entirely on rewarding early adopters for their valuable contributions through the most simple and effective incentive and reward scheme designed to support successful creators, sellers, and buyers. In addition to the incentives for use, the NETU21 Coin uses a traceability model to benefit the 21 token holders, for both seller and buyer, with a commission from the most recent transaction.
The project allows the stakeholders to vote, amend or change the base protocols on the platform. Majority token holders will be given rights on the platform and community ecosystem such as determining outcomes of crucial decisions, key parameter adjustment such as fee rate and community-based initiatives. The first 210 votes in favor or against will determine whether to approve or deny the decisions made during governance. Only those who have at least 21,000 Coins will have a vote in decisions.
NETU21 Marketplace will provide a crypto-powered digital item and trading platform for users to build, purchase and sell NFTs traded against the NETU21 Coin, and to also provide additional services including such auction listing, governance mechanisms, trade history tracking, based on user opinions, authorship validation, asset rental, removal of works by dishonest copy, creation of complete collections, API for developers and more.
The objective of the NETU21 Marketplace is to provide to users with a forum to sell, purchase, exchange or rent their tokenized assets.
NFTs are extremely flexible and productive in their use, from digital artworks to digital event tickets, and while NFTs have a wide range of uses and categories, NETU21 Marketplace will emphasize its attention to anything that can become tokenized, and that ranges from individual digital files to tokenized physical world elements.
Interacting with the marketplace requires only a Ethereum-compatible crypto wallet that supports NFTs, a browser, as well as a click of a button. There have been three main means for users to engage in the NETU21 Marketplace.
In order to promote an active and vibrant market, NETU21 Marketplace has a refined NFT creator that enables customers and companies to efficiently and simply mint their content, ideas, services, and products into NFT tokens for listing on the NETU21 Marketplace.
Anyone with an email account and a crypto wallet can become an NFT creator; furthermore, the NETU21 Marketplace has a tiered creator program divided into Verified CREATORS and Current OWNERS. Verified CREATORS enjoy high product visibility, while consumers can be assured that verified listings are created and sourced by top-tier CREATORS and on-demand NFT products that have been determined by the community.
All Creators and Current Owners maintain royalties for their listings. This implies that any NFT sold or rented on the NETU21 Marketplace contributes a percentage of its exchange fees to the Creator, including all future trades for the lifetime of that item.
Anyone with existing NFTs purchased on the NETU21 Marketplace may bring those tokens to both the NETU21 Marketplace by connecting the crypto-wallet and purchasing them for their desired price.
Consequently, for rare items, items that have been highly sought for, or items that require a fair price discovery, sellers may create an auction that will be handled automatically on the NETU21 blockchain according to the initial criteria they have.
Buyers are able to search and purchase or rent items with NETU21 Coins. The NETU21 Marketplace will support its NETU21 Coins as an exchange counter currency.
The NETU21 Marketplace ecosystem combines the NETU21 utility as a native for both protocol token and application token.
MLC stands for Multi-level coin, and it is a new term derived from the integration of multi-level marketing, mass marketing and cryptocurrency. This integration idea is based on merging the benefits of network marketing with cryptocurrency. This design is assumed to enhance the benefits of both, MLM and cryptocurrency.
MLC is the combination of mass marketing, multilevel marketing and cryptocurrency. The idea behind this combo is to merge the benefits of all at one place. Some altcoins are supposed to use this hybrid approach. The blockchain technology in a mix with MLM and Mass marketing is implemented to divide the incentive among the workforce by two means, one is minting crypto coins, and other is by marketing.
Passive income is generated by each of the transactions between NETU21 Token users, purchases in stores, auctions and NFT trading. No need to have a minimum balance in the wallet, or put any amount in any exchange, or by staking tokens in any centralized or decentralized exchange.
The organization of referrals is stored in the same blockchain and is generated as soon as any user (A) sends any number of tokens to a new recipient (B). After this transaction (B) will always be a referral in the first level of (A). (A) will have earnings up to their 21st referral level and he/she can have as many referrals as he/she want on his/her first level. When (B) send any amount of NETU21 Tokens to (C), (C) will be in the first level of (B) and in the second level of (A).
This implies that every holder of NETU21 is already in someone else's referral network. And it will always be 21 levels.
Currently in any transaction, the destination wallet will receive 99% of the NETU21 Tokens transfer and the remaining 1% is shared equally, in the sending user's upstream network and the receiving user's upstream network. That is to say: that 1% is divided into 42 equal parts and delivered to 21 recipients of the network of the one who sends the tokens and 21 recipients of the network of the one who receives the tokens.
If the user who receives the money wants to always receive 100% of the transaction, he can buy the "Full Transfer Right". This is a single payment for the beneficiary wallet. So from that moment on, passive income continues to be generated for the recipient's upstream network, but now in these cases, the 1% to be distributed is minted (not splited) and the network continues to receive the benefits of passive income.
There is a small Private sale prior to launch in which NETU21 Token supporters will be given the opportunity to participate in the first transactions and balances of a project with real passive income impact.
The main launch supply of NETU21 Token created during our first major minting event in Q4 of 2021 is: 2.1M NETU21 Tokens. This initial minting will be destined to:
As a long-term currency stability strategy, the minting of coins for public sale will be segmented over 10 years (which is an advantage over other projects whose useful life is 5 years). In this way, a demand for NETU21 Token is generated and favors the increase in the value of the token.
| Year | Percentage | #of Tokens |
|---|---|---|
| 2021 | 10% | 2,100,000 |
| 2022 | 10% | 2,100,000 |
| 2023 | 10% | 2,100,000 |
| 2024 | 10% | 2,100,000 |
| 2025 | 10% | 2,100,000 |
| 2026 | 10% | 2,100,000 |
| 2027 | 10% | 2,100,000 |
| 2028 | 10% | 2,100,000 |
| 2029 | 10% | 2,100,000 |
| 2030 | 10% | 2,100,000 |
| Totals | 100% | 21,000,000 |
- $NETU21 maximum supply is 21,000,000. Limited to 2,100,000 per year for 10 years
- Private Sale 10% (2,100,000)
- Public sale 60% (12,600,000)
- Liquidity 10% (2,100,000)
- Public Faucet & Airdrops 15% (3,150,000)
- Development & Marketing 5% (1,050,000)
The NETU21 token is used in several ways:
Name: NET for U of 21
Symbol: NETU21
Network: Polygon
Smart Contract: 0xf988C3984124685Fcc665dB21E83aD2E988309aD
Decimals: 8
Protocol: ERC-20
Initial supply: 2,100 (2021)
Max additional minting per year: 2,100,000
With a focus on reducing the impact of our activities, we calculates our usage within the Polygon Blockchain to make our data footprint for this project Carbon Neutral, and that is why we chose to use the Polygon Network.
Extending to neutralize any adverse climate effects of our activity on the Public Polygon Blockchain, we monitor the hashrate of the network and the relative activity footprint of NETU21 Token on the Polygon network.
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