The Modulus Exchange Solution
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Confidential - Do Not Redistribute Modulus® Launching Your Exchange From legal preparation to exchange design, configuration, customization, beta testing, marketing, and launching your exchange, this guide will help you construct a preliminary action plan to start and operate your exchange business. T. +1 (480) 525-7940 Scottsdale, AZ 85260 USA www.modulusglobal.com Copyright © 2018 by Modulus Global, Inc. Modulus® Contents About This Guide ....................................................................................................................... 4 Launch Process .......................................................................................................................... 5 The Modulus Exchange Solution ....................................................................................6 Obtain Legal Counsel ............................................................................................................. 7 Legal Compliance .....................................................................................................................8 Choose Your Coins and Tokens Carefully ..................................................................9 Geo-Fencing for Restricted Access ............................................................................10 Determine Exchange Transaction Limits ..................................................................11 Partner with a Payment Processor or Bank ............................................................ 12 Select a KYC Service Provider ........................................................................................13 Choose a Hosting Provider ...............................................................................................15 Choose Your Cold Storage System .............................................................................16 Implement Best Security Practices ............................................................................. 17 Contact Third-Party Service Providers ......................................................................18 Obtain Historic Market Data .............................................................................................18 Select Liquidity Provider ....................................................................................................19 Define App Customization Requirements ...............................................................19 Learn About Optional Features ..................................................................................... 20 Design Your Exchange Website .................................................................................... 20 Purchase Your Modulus Exchange License ........................................................... 21 2 Modulus® Begin Exchange Deployment .........................................................................................22 Optional Security Testing and Source Code Escrow ........................................23 Start Beta Testing ....................................................................................................................25 Prepare Your Marketing ..................................................................................................... 26 Branding Guideline ................................................................................................................27 Modulus Philosophy on Trademarks and Brands ...................................27 Referring to Modulus .................................................................................................27 Brand Logos ................................................................................................................... 28 Branding Attributes ................................................................................................... 28 Let Modulus Write Your Case Study ...........................................................................29 Marketing Agency .................................................................................................................. 30 Your Exchange Launch Event .........................................................................................31 Provide Helpful Customer Support .............................................................................32 Maintain Ongoing Compliance .......................................................................................33 Your Modulus Maintenance Program ........................................................................33 Modulus Exchange Solution Features.......................................................................34 3 Modulus® About This Guide This guide provides detailed information and a checklist of prerequisite items for getting started with the Modulus Exchange Solution. Additionally, it aims to help you construct a preliminary action plan for launching your exchange business. All prerequisite items outlined in this guide should be provided to Modulus before you purchase or execute your exchange license agreement. Providing the items to Modulus in advance is the only way that Modulus can commit to, and include, a delivery timeline within your license agreement. Please note that the information outlined in this guide is subject to change at any time and is not a substitute for legal counsel, which is critically important when launching an exchange business. This guide does not promote or endorse any ICOs, coins, tokens, law firms, or third parties of any kind. Also, this document does not constitute a binding contract between the reader and Modulus. Prior to engaging Modulus to create your exchange, you should first seek professional legal guidance and/or obtain the appropriate licensing for your exchange in the jurisdiction in which your exchange will be domiciled. Ensure you are also appropriately licensed in all foreign jurisdictions in which your exchange members and traders will reside or conduct trading. As always, Modulus is here to help you along in your journey, so if you are faced with additional questions not answered in this guide, please feel free to reach out to us. DISCLAIMER: EXCEPT AS EXPRESSLY PROVIDED HEREIN, THE INFORMATION AND REFERENCES PROVIDED IN THIS DOCUMENT ARE PROVIDED “AS IS” WITHOUT WARRANTY OF ANY KIND. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, MODULUS EXPRESSLY DISCLAIMS ALL WARRANTIES OF ANY KIND, EXPRESS, IMPLIED OR OTHERWISE, INCLUDING WITHOUT LIMITATION WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. MODULUS ASSUMES NO RESPONSIBILITY FOR, AND MAKES NO REPRESENTATIONS WITH RESPECT TO, THE ACCURACY OF THE INFORMATION. MODULUS MAKES NO REPRESENTATIONS OR WARRANTIES THAT THE INFORMATION IS PROVIDED FREE OF ERRORS OR THAT THE INFORMATION IS SUITABLE FOR YOUR INTENDED USE. THE INFORMATION IN THIS DOCUMENT IS SUBJECT TO CHANGE AT ANY TIME WITHOUT NOTICE, AT THE SOLE DISCRETION OF MODULUS. NOTHING IN THIS DOCUMENT CONSTITUTES A WRITTEN AGREEMENT BETWEEN THE READER AND MODULUS. This guide contains confidential information and trade secrets. The reader must be bound by a Non-Disclosure Agreement with Modulus Global, Inc. Copyright © 2018 by Modulus Global, Inc. Scottsdale, AZ USA. All rights reserved. No part of this publication may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods, without the prior written permission of Modulus Global, Inc. 4 Modulus® Launch Process Market Research Select Coins/Tokens Setup Geo-Fencing Create Marketing Legal Counsel Select Liquidity System Configure Remarketer Create Case Study Company Setup Select KYC Provider Setup Payment System Contact Influencers Team Formation Select Hosting Provider Customize Apps Test Exchange Technology Review Select Cold Wallet Develop Website Launch Exchange Fund Raising Choose App Features Set Exchange Limits License Acquisition Define App Style Customize Risk Engine PREPARE CONFIGURE CUSTOMIZE LAUNCH 5 Modulus® The Modulus Exchange Solution ost exchange solutions are not only slow and lack basic security features, they limit trading capacity and profitability. They come with costly revenue Msharing schemes and long-term contracts designed to lock clients in for several years. They’re also hard to get up and running, and even harder to scale. The Modulus exchange solution is different. We designed it to empower you, not raid your profits. Shattering Performance Barriers The Modulus Exchange Solution was designed to disrupt the industry and to provide our clients with a competitive advantage. Many exchanges can’t handle more than one or two million transactions per second. Our exchange solution easily outperforms them all by leveraging our two decades of experience and HFT source code frameworks. Additionally, our source code has been written in the Go programming language, which was designed by Google in 2009 as an alternative to standard programming languages like C and C++. Built on Modern Technology The Modulus Exchange Solution is extremely secure, scalable, and customizable. It is capable of scaling to over 10 million transactions per second, which is faster than Binance and Nasdaq! The solution also features advanced security and integrations for KYC/AML, customer support, CRM, accounting, geofencing, and much more. The system also supports GDPR compliance. We provide built-in support for over 1,000 coins and tokens. Admins can add new tokens in just minutes. The solution can be hosted in your own cloud