WHITE PAPER Blockchain penetrates deeper
VERSION 1.1 August 7, 2018
www.vogov.io Contents
Introduction 3 Background 5 Fan Engagement 5 Ease of Purchase 5 Cryptocurrency Acceptance and Business Usage 7 Extended Cryptocurrency Billing 8 Low Fees 9 Anonymity 10 Market Cap 10 OGO coin: Token Economy 12 Triple Token Value 13 Token Demand Generation 15 Limited Supply 15 Burn Mechanism 16 Partnerships 17 Liquidity Pool 18 VogoV: A Decentralized Adult Film Studio 20 Gonzo 20 Interactiveness, Decentralization and Voting 21 OgoShift: An Adult-Industry Сryptocurrency Infrastructure 25 Wallet 26 Merchant Account 27 Marketplace 29 Exchange 30 Crowdsale Conditions and Terms 31 Token and Crowdsale Details 31 Crowdsale Rounds Difference 32 Crowdsale Bonuses 34 Token Distribution 35 Crowdsale Success and Project Implementation 36 Roadmap 37 Advisors 39 Team 40 Conclusion 43 Disclaimer 44 Introduction
Blockchain technology and cryptocurrency has created a signifcant worldwide technological shift that has also affected the adult entertainment industry. VogoV is taking advantage of this technological shift and the limited competition in the open market to create a practical token ecosystem combining the adult entertainment industry and cryptocurrency. We are changing the way the adult entertainment industry utilizes and interacts with cryptocurrency, starting with its acceptance and business usage and ending up with the non-technological value that a token may bring. At present, most adult businesses only utilize cryptocurrency as an alternative payment method. We believe that cryptocurrency can be used for much more.
VogoV plans to embark on a grand experiment to investigate how willing the adult entertainment industry is to accept and work within the blockchain environment. We aim to apply the blockchain philosophy of decentralization to our business model in the form of a decentralized interactive adult flm studio located in Los Angeles, California. In addition, we will contribute to the cryptocurrency space and to adult communities by developing a new payment infrastructure called OgoShift, which is specifcally tailored to the adult entertainment businesses and to its customers’ needs.
The cryptocurrency, designated “OGO coin” is an anonymous coin that individuals can use to purchase goods and services from the adult entertainment industry. But the coin provides much more utility than just being a payment method. Our goal is for OGO coin to be the way in which token holders can become actively involved in the adult entertainment industry. Individuals who purchase OGO coin, VogoV’s token, will gain fnancial benefts by getting a discount when buying membership access to VogoV’s high-quality adult flm video library and to the video libraries of our partners, such as TeenMegaWorld and TmwVRnet. By using OGO coin to pay for their membership, token holders will pay three times less than they would if they were using fat currency. This means that if a membership were to cost US$21 in fat currency, it would only cost US$7 in our cryptocurrency. 3 Introduction
In addition to enjoying a fnancial advantage, token holders will also be able to vote on a variety of issues related to content production within VogoV.com as well as gain exclusive access to special offers. The community of token holders will be able to take part in the creation of content by helping to decide on scripts, scenarios, actors and actresses etc. Token holders will also be able to enjoy the convenience of using and trading cryptocurrencies that are accepted as payment for goods and services within the adult entertainment industry. VogoV is holding a Pre-Token Sale from August 21 to 31, 2018. The frst round of the Token Sale will be held from September 26 to November 14, 2018 and the second round of the Token Sale will be held from January 26 to March 14, 2019 or until the hard cap has been reached. During these sales, individuals who purchase VogoV service-use tokens can use them to get immediate access to the following member zones and libraries:
VogoV TeenMegaWorld TmwVRnet 2 Videos 5 000+ Videos 160+ VR Videos
Our crowdsale is not a goal in itself. It is a tool to help us attain our goals of developing a decentralized interactive adult flm studio, developing a new cryptocurrency payment infrastructure for the adult entertainment industry and issuing a unifed industry cryptocurrency. We plan on using the crowdsale to achieve the big-picture goal of cryptocurrency proliferation and usage simplifcation within the industry.
4 Background
The adult entertainment industry has always taken advantage of technological advancements, and cryptocurrency is an innovation that has the potential to have a profound effect on the industry. The current adult entertainment industry is faced with a number of issues. Cryptocurrency and blockchain technology can offer a number of solutions to these issues that are affecting the growth and expansion of the adult entertainment industry.
Fan Engagement
The end users of the goods and services within the adult entertainment industry rarely get to be involved in decision- making. By allowing token holders to vote on how the VogoV adult flm studio actually operates, these token holders will develop a sense of engagement with the industry. As users feel more engaged in the process, people will feel more connected to the industry. As more people express an interest in becoming involved with the industry, both the industry’s proft levels and the coin’s utility value will increase. By opening video production operations to users through the voting process, the community can ensure that they get the content that they want. This will help industry proft levels since users are more likely to purchase goods and services if they can get exactly what they are looking for.
Ease of Purchase
At times, it can be difcult to make a purchase within the adult entertainment industry. Users need to search online for the goods they want to purchase, fnd the appropriate website with the best price, and then enter their credit card number to make the purchase. This will then be recorded on their credit card bill and in the credit card company’s records. 5 Background
Even if they are using cryptocurrency to remain anonymous, it can still be a convoluted process. They need to go to an exchange, purchase the cryptocurrency that is needed (often frst buying a popular currency and exchanging that for the required currency), then either send that cryptocurrency to their personal wallet or leave it in the exchange wallet. This process can be both confusing and time consuming. After this, they need to go back to the original website (where they want to purchase an item) and send the cryptocurrency from their individual or exchange wallet to the website. They will also need to pay fees at each step of the process. At any point along this process, users can change their minds and decide to not make a purchase. VogoV is addressing this issue. Not only will it issue an individual cryptocurrency (OGO coin), but it will also develop a payment infrastructure comprising a marketplace, an exchange, a wallet, and a merchant account. The marketplace will be a “one-stop shop” where people can easily access goods and services from the adult entertainment industry. The exchange will allow people to buy and sell required cryptocurrencies. The merchant account will enable a seller to accept cryptocurrency. The wallet is the core of the infrastructure and connects all these solutions into a single system. As the marketplace and use of cryptocurrency within the industry continue to grow, more businesses will be inclined to join the marketplace. This will increase access to the industry and also grow the utility value of the individual cryptocurrency. This in turn will attract more consumers to the marketplace and the exchange. VogoV plans on connecting the marketplace and the exchange through a single common wallet. This means that people can use their platform wallet regardless of whether they are in the marketplace or in the exchange. This will make it easier to buy and sell goods and services. Users can search the marketplace for goods and services, and once they have found what they are looking for, they can easily buy the items.
6 Background
The businesses using our merchant account will be able to place a payment button on their website. With a click on the button, customers will be able to pay with the cryptocurrencies they have. With a few optional clicks, customers can register and gain access to automatically generated wallets, which will provide the customers with a quick and easy way to buy any cryptocurrency and to pay with any cryptocurrency. The easier it is for a person to make a purchase, the more likely that person is to actually make a purchase.
Cryptocurrency Acceptance and Business Usage
There are only a few industries that accept cryptocurrencies, and there is no single approach to the legal aspects of cryptocurrency and its regulation. In most cases, it is considered a medium of exchange rather than a legitimate payment method. For these reasons, cryptocurrency acceptance and business usage is limited in more conventional sectors. Businesses operating in gray areas are more open to using cryptocurrency since they are used to resorting to “workarounds” that may not be completely legal in order to get paid. Most adult entertainment businesses operate in legal gray areas. According to our ongoing market research, we have already found that more than 470 established porn websites, 50 webcams, and 35 sex shops around the globe accept cryptocurrencies, although they mainly only accept Bitcoin. To give a sense of scale, these porn websites get over 4.6 billion visits a month compared to the 2.4 billion visits monthly to PornHub. However, cryptocurrency acceptance and usage is still very low in comparison to peer-to- business payments with fat currencies.
7 Background
The overwhelming majority of customers still prefer paying with fat currencies because they are accustomed to its use and they fnd it convenient. We have found this to hold true with TeenMegaWorld.net, which has been accepting Bitcoin since 2014. Everybody has heard about Bitcoin, but an average customer doesn’t currently use cryptocurrency. The average customer may fnd it too difcult to learn what a private and a public key are, how and where to buy cryptocurrency and how blockchain works in general. VogoV is going to change this by developing an easy- to-use payment infrastructure and issuing OGO coin, a unifed adult-industry cryptocurrency that’s more than just a simple cryptocurrency. There are few payment solutions within the adult entertainment industry like GoCoin, which is integrated with NATS and allows adult entertainment merchants to accept cryptocurrencies. However, solutions like GoCoin are just a payment solution for merchants, whereas we will offer an entire infrastructure for both payment parties: customers and businesses. The infrastructure’s main focus is on the adult entertainment industry and we will adjust the infrastructure to meet the industry’s needs. We won’t charge a processing fee for the frst year after its launch.
Extended Cryptocurrency Billing
For the adult entertainment industry, it is vital to have billing options such as recurring fxed-amount and pay-per-view payments. However, this is not available within cryptocurrency payment systems at the moment. The OgoShift infrastructure will enable users to make both on-chain and off-chain payments. If both a customer and a merchant use the infrastructure’s wallets, the transaction between them is off-chain. This provides both the customer and the merchant with a seamless experience and convenient payment options. It also allows the merchant to set specifc billing requirements. If a customer pays with ETH using an external wallet, but a merchant uses our merchant account, the transaction is on-chain and is executed through a smart contract. 8 Background
For example, a smart contract can be set by the merchant to charge a regular fxed amount based on time, such as a monthly subscription fee. On top of recurring fxed payments and pay-per-view payments, we are going to offer a fxed-time recurring payment option. These billing options will be available for off-chain and Ethereum payments only. We will also allocate an R&D team to investigate smart contract deployment in other blockchains like TON.
Low Fees
Most people will use their credit cards when they want to make a purchase from an adult website. Unfortunately, credit card companies view the adult entertainment industry as high risk, which means they charge adult sites 5-6% of the purchase price in processing fees. This is approximately three times higher than what more mainstream businesses will have to pay. In addition, the majority of adult websites need to use a third- party payment gateway to not only provide further security around the payment transaction but to also make the customer feel more secure when buying merchandise. These internet payment service providers charge a fee for their service that can be as high as 13% of the purchase price. By incorporating cryptocurrency into the adult industry, and making it easy to use, merchants can avoid paying these fees. This will mean more money in the pocket of the merchant and lower prices for the customer.
9 Background
Anonymity
One of the main issues that affects customers of adult entertainment services is the issue of anonymity. Many users would prefer to keep the fact that they purchase goods and services from the adult entertainment industry private. One of the hallmarks of cryptocurrency is that it’s anonymous and as a result is an excellent way to protect a user’s privacy. No one can determine what you have used your cryptocurrency for. There are no bank statements or credit card bills to show what a person has purchased. In fact, there will be no record anywhere showing what specifc individuals bought with their cryptocurrency. The transaction will be recorded on the blockchain, but that information cannot be traced back to a specifc individual. This provides a perfect solution to those who would prefer to keep their involvement with the adult entertainment industry private.
Market Cap
VogoV aims to make it as easy as possible for the adult entertainment industry to move into the cryptocurrency space by establishing a cryptocurrency and a payment infrastructure specifcally tailored to the adult entertainment industry. At present, the adult entertainment industry is worth more than US$100 billion. By moving even a relatively small share of this amount into the cryptocurrency space, OGO coin may increase in terms of both utility value and market cap, and the cryptocurrency industry as a whole will also beneft.
10 Background
The adult entertainment industry will help make cryptocurrency more popular and increase its overall market cap as more and more people use various cryptocurrencies to buy goods and services. This is already beginning to happen, but we are going to speed it up. VogoV’s three-pronged approach of having a cryptocurrency, a payment infrastructure and a decentralized adult flm studio will help accelerate the adult entertainment industry’s entry into the cryptocurrency space and have a favorable effect on the cryptocurrency market cap by helping to expand the crypto market. The old adage “a rising tide lifts all boats” perfectly describes what happens when the cryptocurrency market becomes bigger and more popular.
11 OGO coin: Token Economy
OGO coin is a unifed adult-industry cryptocurrency backed by a liquidity pool of US$3,000,000 to ensure its business-use proliferation. It is an anonymous and secure way to pay for adult services and goods without intermediaries.
Cryptocurrencies help to ensure anonymity since users will not be obligated to reveal their identity. This makes OGO coin a useful currency for confdential payments within the adult entertainment industry. In addition to protecting a user’s anonymity, making a purchase with OGO coin results in lower fees compared to the fees associated with traditional payment systems, such as credit cards or bank transfers. These two advantages will help encourage users to utilize our cryptocurrency as well as help to grow our user base.
Originally, we were planning on developing our own blockchain, but we decided to use the Ethereum blockchain (ERC223 token standard) to issue our tokens. Since OGO coin is an ERC223 token, it can be kept in a variety of cryptocurrency wallets that support the ERC223 standard. This will make it easier to use and help it gain acceptance within the cryptocurrency community.
In addition, the Ethereum blockchain gives our subscribers the level of anonymity and security that they want. For most of our users, it doesn’t matter whether they use Bitcoin, Monero or Zcash to pay anonymously. They are not looking for full anonymity; therefore, the level of anonymity that Ethereum offers completely satisfes our subscribers’ need.
Typical areas where the use of OGO coin could come into play include the following:
12 OGO coin: Token Economy
Although other cryptocurrencies, such as Bitcoin and Dash, can be used as a payment method within the adult entertainment industry, OGO coin brings other advantages with it which other cryptocurrencies cannot match. OGO coin will provide token holders with a number of distinct benefts that will help the coin not only grow in utility value but also grow its reach. One of our goals is to have OGO coin become the main payment method and access point for the entire adult entertainment industry. Triple Token Value
13 OGO coin: Token Economy
Triple Token Value
Economic Value: OGO coin is a unifed adult-industry cryptocurrency which enables users to make anonymous and secure payments with the smallest possible transaction fee and no intermediaries. The cryptocurrency’s market circulation is underpinned by a burn mechanism meaning any OGO coin tokens that come back and are stored in VogoV wallets will be burned when the coin price is lower than its original crowdsale price.
Economical Value: The token provides holders with a discount on a VogoV membership that is three times cheaper than a regular membership bought with fat currency. In addition, the token gives holders pay-per-view and membership access to the libraries of VogoV’s partners, including TeenMegaWorld and TMWVR. Membership access to these partners’ libraries will also be three times cheaper than memberships paid with fat currency.
For the frst fve months, starting on August 21, 2018, a three-month membership to VogoV.com will cost only two OGO coin
Goods and services purchased with the OGO coin cryptocurrency will also earn a discount in accordance with our partnership arrangements. Community Value: The token will give holders the right to vote on the content- production process of VogoV.com. OGO coin is the fundamental tool through which token holders can take part in the production of adult entertainment videos by voting on a special and transparent platform. Token holders will be able to vote in accordance with the number of tokens they hold in their wallet.
14 OGO coin: Token Economy
Token Demand Generation
To protect the coin against pump-and-dump speculation and to encourage growth, OGO coin will be listed on exchanges within two weeks after the second crowdsale round ends. During the three-month gap between the frst and second crowdsale rounds, the token price will be stable at 0.002 ETH. During this period, OGO coin’s utility as an alternative payment method will spread throughout the industry as a result of our partnerships with other players in the adult entertainment space. The token will also spread throughout the industry organically as more businesses begin to accept it as payment and more people become comfortable with using the coin. As VogoV begins to produce more videos, OGO coin will become more valuable and can result in a more expensive membership subscription. The price of the membership will rise as the value of OGO coin rises because the membership fee will remain at a 1:3 ratio. This means that whatever the value of OGO coin, a person wishing to pay in fat currency will need to pay three times that amount. The demand for OGO coin will also grow, not only as a result of the benefts it will offer holders when used within VogoV.com, but also as a result of the combination of four important token economy characteristics: a limited supply amount, a burn mechanism, partnerships and a liquidity pool.
Limited Supply
In order to protect the value of our cryptocurrency, the amount of OGO coin that will be available will be strictly limited. The maximum number of coins that will ever be produced is 75,000,000. This number will decrease over time as tokens are burned to protect OGO coin’s price value in case it drops in price.
15 OGO coin: Token Economy
Burn Mechanism
OGO coin will adhere to the following procedure to ensure its market price:
1. If a market token price is lower than its crowdsale price 2. Then the burn mechanism comes into effect 3. The total amount of tokens is reduced. The tokens become more scarce, and the market token price may go up
16 OGO coin: Token Economy
Burn Mechanism
In order to increase scarcity and ensure that OGO coin retains its value, any OGO coin tokens which are sold to VogoV and stored in VogoV wallets will be burned if the held OGO coin drops in price to a value that is lower than its crowdsale price. In an effort to correct the market token price, 10% of all OGO coin tokens kept in VogoV wallets will be burned once a week until the price of OGO coin rises above the initial crowdsale price. If the price of OGO coin does not rise above this initial price after 10% of the coins are burned, the process will continue once a week until OGO coin reaches the crowdsale price. When the burn mechanism comes into effect, we will publish a press release to inform our token holders. The crowdsale price of OGO coin is an average price of 0.002 ETH in USD during the pre-crowdsale and crowdsale period. For example, if, during the token sales, the lowest price for 0.002 ETH is US$1 and the highest price is US$2, the crowdsale price is US$1.5.
Partnerships
The adult entertainment industry is not just about individual companies. It is also about the relationships between these companies and their customers and fans. As the acceptance of OGO coin increases, a mutually benefcial relationship will develop with industry players in exchange for the marketing of their goods and services within the ecosystem. Token holders will be able to enjoy using OGO coin to the fullest extent possible on our partners’ websites. Token holders can use OGO coin to make payments to our partners, confdent that the transaction will be secure and anonymous. In addition, token holders may gain access to various discounts and specials being promoted by our partner agencies. Our partners will gain access to the cryptocurrency-paying target audience of VogoV by promoting their services and goods on the marketplace.
17 OGO coin: Token Economy
Partnerships
Anchor Partners The following partners have confrmed their intent to use OGO coin and/or OgoShift:
Our partners are well-established within the industry. For example, TeenMegaWorld has been in the adult entertainment business for over 15 years and has produced 5,000 exclusive adult videos. TmwVRnet has produced over 160 exclusive VR adult flms.
Liquidity Pool
VogoV will establish a fat liquidity pool equal to the sum of US$3,000,000. This liquidity pool will help with the proliferation and use of OGO coin as an alternative payment method for businesses. Accessing this liquidity pool of US$3,000,000, our partners can offer their goods and services in exchange for OGO coin as well as exchange received OGO coin for fat currencies.
18 OGO coin: Token Economy
Liquidity Pool
We will actively promote this pool before the exchange listings of OGO coin, and we estimate that 50% of the pool will be spent during this period. After the crowdsale, VogoV will no longer sell OGO coin directly — the secondary market will be the only way to buy OGO coin after the Token Sale.
19 VogoV: A Decentralized Adult Film Studio
VogoV is a new project from multiple AVN award-winner Markus Dupree and already functions as an adult flm studio operating in Los Angeles. At present, VogoV produces and distributes 4k and 60fps conventional content in Gonzo style. A number of industry infuencers and adult flm stars already support VogoV. The company that produces content for VogoV.com is IKAM MEDIA Inc. (www.ca-registry.com/C4037636-ikam-media-inc). Aleksei Maetnyi, Markus Dupree, and Ivan Kirillov are the incorporators of the company. IKAM MEDIA Inc. is not holding the Token Sale. IKAM MEDIA Inc. is a content producer for VogoV.
VogoV studio operates under ethical and legal standards. All studio activities will be conducted in full compliance with US laws.
VogoV is changing the way the adult entertainment business model works by supporting the principle of decentralization in the decision-making process, and by allowing token holders to vote on the flmmaking process. This is a brand new way of operating and the VogoV team is excited to see how the community will respond to it. The decision-making process will be held on a voting platform that is not only decentralized and transparent, but also anonymous. Every token holder will be able to vote on the content to be flmed, on scenarios, on participating actresses and actors, and on other aspects within the voting charter. This voting charter will be adopted during the frst vote. Gonzo
Gonzo pornography takes its cues from gonzo journalism. In gonzo journalism, the reporter does not pretend to be outside of the events being reported and instead is an integral part of them. The same philosophy is used in gonzo pornography, which places the viewer into the actual flm. In gonzo pronography, often the actors will not only perform but also flm the action. The flmed action will include a lot more close-ups and won’t have the distance between the action and camera that can be seen in traditional pornography.
Mia Malkova & Markus Dupree 20 VogoV: A Decentralized Adult Film Studio Interactiveness, Decentralization and Voting
The decentralized decision-making process is central to the operation of a decentralized adult flm studio, and the process will operate on a special web- based platform that also operates as a reporting mechanism. This voting process is done off-chain. The voting procedures will be delineated in the voting charter, which will set the voting rules, the procedures and any limits to the voting process. The voting charter will be adopted during the frst monthly vote of the VogoV studio. If the charter does not pass its initial vote, the voters will identify and address the contentious issues before going through the voting process again. Amendments to the charter will be made and then another vote on the modifed charter will be held. This process will continue until the charter is accepted.
21 VogoV: A Decentralized Adult Film Studio Interactiveness, Decentralization and Voting
In order to take part in this decentralized decision-making process, participants will need to hold OGO coin in the platform wallet. Token holders will get one vote for every OGO coin token they hold in the platform wallet. The platform doesn’t charge any fees for depositing or withdrawing the tokens. Holding OGO coin allows token holders to become involved with the adult flm studio by giving the token holder the ability to participate in the development and success of the studio in terms of the content production through the voting process. Only those token holders who keep OGO coin in the platform wallet will be allowed to participate in the voting process. The number of votes available will equal the number of OGO coin tokens that are being kept in all of the platform wallets. The platform automatically calculates the amount of OGO coin a token holder has deposited into the platform wallet and then calculates the ratio of the number of tokens held by each individual token holder with the total amount of deposited OGO coin tokens. In this way, the token holder becomes a voter and can see the percentage of votes the token holder has in comparison to the rest of the token holders. For example, if there is a combined token total of 5,000,000 OGO coin being held in the wallet (from every token holder), and a particular token holder’s wallet contains 100,000 of these tokens, then that token holder will get 100,000 votes, or 2% of the vote total. Every voter will have a public ID and everyone’s vote will be publicly stored in order to ensure voting transparency. Every voter will have the ability to see the total number of voters as well as all active voters, all passive voters, the amount of votes other voters hold, and their voting history. The source code for the voting process can be published on GitHub so that people can analyze and determine the transparency of the voting process for themselves. The VogoV studio reserves the right to decide on the content production without the voting process in case of force majeure and other circumstances. These circumstances will be stated in the voting charter, which will be adopted by the voters during the frst vote.
22 VogoV: A Decentralized Adult Film Studio Interactiveness, Decentralization and Voting
There is an interactive stage before the voting on content production begins. During the interactive stage, voters will participate in a survey that will collect data about the voters’ preferences and desires regarding video scenarios. The survey is conducted through the same process that is used for voting but is focused on various scenarios. As a result of this survey, we will be able to analyze the data and create scenarios to be voted on based on the answers and choices during the survey. For the interactive survey, we will use a smart chatbot developed according to the best gamifcation and personalization practices.
The data collection process is completely anonymous. We won’t collect personal data of our voters, so we won’t be able to track and identify them. We will only have access to the public addresses of our voters and their nicknames if they set them. In addition, there won’t be any questions oriented to the personal sexual life of a voter. All the questions will serve only one purpose—to understand what videos VogoV.com should flm that our voters will like. The survey process will be reviewed by an expert in general data protection regulation (GDPR) to be on the safe side. The studio will also keep statistics on the produced content and provide the voting members with reports on the studio’s development and progress. 23 VogoV: A Decentralized Adult Film Studio Interactiveness, Decentralization and Voting
The studio will also keep statistics on the produced content and provide the voting members with reports on the studio’s development and progress.
There are three types of votes that will take place:
Routine Production Operations
This is a monthly vote and the voters will decide current and upcoming matters related to the production process. The voting lasts 24 hours.
Reporting and Open Discussion
This is a quarterly vote and will be held in conjunction with the monthly votes. Every third monthly vote will include a quarterly vote. During this vote, the voters will vote on the production process just as if it were a monthly meeting and also evaluate the progress made over the previous three months since the last quarterly vote. During this vote, voters can participate in open discussion on VogoV’s operations and strategy. The voting lasts 72 hours.
Most Important Decisions
This is an annual vote which takes place every fourth quarter. The most important issues are discussed and voted on during this meeting. The voters may also be offered tickets to a private party at VogoV studio.
VogoV.com will execute the decisions made during the vote to the fullest extent possible. The voters will mitigate any potential roadblocks affecting the successful execution of the approved tasks during the meeting. Some global roadblocks and how VogoV will deal with them (if possible) will be written into the voting charter. 24 OgoShift: An Adult-Industry Cryptocurrency Infrastructure
Businesses and customers are struggling with inefcient and costly payment mechanisms that are affecting the growth potential of the adult entertainment industry. For the industry to grow, these inefciencies need to be addressed. OgoShift is our solution to these issues. OgoShift is an adult-industry payment infrastructure composed of a merchant account, a cryptocurrency wallet, a marketplace and an exchange. By interconnecting these four important parts of the adult entertainment industry, OgoShift will allow for the selling and buying of adult oriented goods and services in a cost effective and timely manner.
25 OgoShift: An Adult-Industry Cryptocurrency Infrastructure
Wallet
The payment infrastructure’s core is a cryptocurrency wallet interconnected with the exchange, merchant account, and marketplace. It is the entry point into the payment infrastructure.
The OgoShift wallet is a cloud-based wallet offering increased convenience. A user can generally access their cryptocurrencies stored in the wallet from any device anywhere. The wallet is easy to set up, and comes with both a web and a mobile version. The mobile version is available for both iOS and Android. This makes it easy to spend and receive a variety of cryptocurrencies. During initial wallet development, the OgoShift wallet will support ETH and ERC20 tokens. In subsequent versions, the wallet will support all popular and adult-industry- related cryptocurrencies.
The wallet has a mode called Vault that helps ensure a safe level of cryptocurrency storage. Coins in the vault are also stored in cold storage. A user will need to register two email addresses and both email addresses are needed to authorize a withdrawal from the vault. There is also a 48-hour waiting period before withdrawals occur and the user is provided multiple email and push notifcation reminders during this time with an option to cancel the withdrawal.
The OgoShift wallet can also be embedded in third-party platforms in order to create a single cryptocurrency wallet for the adult entertainment industry, resulting in a seamless experience for a user wishing to buy goods and services from an adult entertainment business.
26 OgoShift: An Adult-Industry Cryptocurrency Infrastructure
Merchant Account
The merchant account, OgoShift Commerce, is interconnected with the OgoShift wallet and enables businesses to sell goods as well as provide services and accept cryptocurrency payments in exchange for them. As mentioned in the background section, it is vital for the adult entertainment industry to have billing options such as recurring fxed-amount payments and pay-per-view payments. At the moment, these payment options are not available when paying with cryptocurrency. VogoV is addressing this issue by developing a cryptocurrency payment infrastructure which aims to cater to both businesses and customers.
The OgoShift infrastructure enables customers to make both on-chain and off- chain payments. Cryptocurrency off-chain payments are made within the infrastructure without the transaction being executed on the blockchain. It enables customers to pay with any cryptocurrency. For example, a customer may want to make a purchase using Litecoin. In this instant, the merchant can use a billing option within the OgoShift infrastructure that charges a certain amount of Litecoin at a certain time. The off-chain payment can be made only in cases when a merchant and a customer use the OgoShift wallet to pay and accept cryptocurrency.
The on-chain payment is a transaction executed on the blockchain. The on- chain payment is made between two different wallets: an internal OgoShift wallet and an external wallet. For instance, if a customer pays with ETH using an external wallet, but a merchant uses OgoShift Commerce and its internal wallet, the transaction is on-chain. If the merchant wants to receive a recurring fxed- amount payment, OgoShift enables the creation of smart contracts that charge a fxed amount based on time. At the time of writing, only ETH can be used in this manner. Besides Ethereum, VogoV will allocate research and development resources to investigate smart contract deployment on other blockchains such as TON.
27 OgoShift: An Adult-Industry Cryptocurrency Infrastructure
Merchant Account
On top of recurring fxed-amount and pay-per-view payments, OgoShift plans to offer a recurring fxed-time payment option. The mentioned billing options will be available for off-chain and Ethereum payments only.
Recurring Fixed-Amount Payment
Recurring Fixed-Time Payment
Pay-Per-View/Use
OgoShift Commerce also allows for the acceptance of donations, which is a vital billing option for webcams and individual performers.
OgoShift Commerce allows for the use of both an external wallet and an internal wallet at the same time. This means that it is up to the merchant to decide what type of wallet they want to use.
The merchant account is already integrated within NATS, a leading afliate program backend solution widely used in the adult entertainment industry.
No processing fees for the frst year
28 OgoShift: An Adult-Industry Cryptocurrency Infrastructure
Marketplace
The main goals of the marketplace are simplifcation and the proliferation of cryptocurrency and token usage in the adult entertainment industry. We also aim to make this process as quick and easy as possible. The best solution for achieving these goals is to develop a marketplace that all adult entertainment businesses can access, and where they can sell their goods and services for any cryptocurrency, including OGO coin. Given the worldwide access that cryptocurrencies give, businesses within the adult entertainment industry anywhere in the world will be able to join our marketplace to sell their goods and services.
The initial version of the marketplace will allow users to search for goods and services, which they can then buy with their cryptocurrency. Once users identify a specifc good or service that they are interested in, they can access that specifc company’s website through the marketplace. In the initial version of the marketplace, users will make their purchases on the website of each individual business.
The next version of the marketplace will enable users and businesses to conduct transactions, using cryptocurrencies, directly on the platform within the OgoShift infrastructure.
The marketplace will also provide the opportunity for individual businesses to offer exclusive deals to the marketplace’s users. This will help these businesses target new users from the pool of marketplace users and grow the business’s client base.
29 OgoShift: An Adult-Industry Cryptocurrency Infrastructure
Exchange
VogoV is developing a cryptocurrency exchange. The oversaturation of adult- industry-accepted cryptocurrencies on different exchanges is handicapped by the need to switch to a new token for each transaction. The exchange, with its interconnected wallet and marketplace, makes it easy to enjoy all goods and services in any cryptocurrency with only a few clicks. This will allow a user to quickly and easily switch between the platforms and buy services and goods using any of the accepted cryptocurrencies.
This exchange can be used to trade or buy any cryptocurrency that a user may need in order to pay for goods or services within the adult entertainment industry. In addition, the exchange will help new entertainment and media projects get listed after their ICOs.
We will do our best to list all adult-industry-related cryptocurrencies and tokens such as the following:
Bitcoin (BTC) SpankChain (SPANK) Bitcoin Cash (BCH) Sexcoin (SXC) Ethereum (ETH) Titcoin (TIT) Ethereum Classic (ETC) OKOIN (OKO) Zcash (ZEC) BunnyToken (BUNNY) Monero (XMR) Vice Industry Token (VIT) Dash (DASH) OGO coin (OGO) The exchange will also deal with fat currencies.
The initial version of the exchange will not provide margin trading or hedging instruments, and the cryptocurrencies and tokens will be traded with the smallest possible exchange fees. The exchange will be integrated with other exchanges to help support trading volume. As a result, any fees will depend on the fees charged by the other exchanges. 30 Crowdsale Conditions and Terms
Token and Crowdsale Details
OGO coin is the utilitarian token that subscribers can use on VogoV.com, TeenMegaWorld.net, TmwVRnet.com and other VogoV’s partner websites. The number of OGO coin tokens is limited and the maximum amount of OGO coin which VogoV will issue will equal 75,000,000 tokens. No additional coins will be issued Token type: ERC223 Token name: OGO coin (OGO) Total token supply: 75,000,000 OGO
Token sale: 56,955,000 OGO Private sale: 1,500,000 OGO Pre-crowdsale: 455,000 OGO First crowdsale round: 27,500,000 OGO Second crowdsale round: 27,500,000 OGO Token price: 1 OGO = 0.002 ETH/1 ETH = 500 OGO 1st round Soft Cap: 5,000 ETH 1st round Hard Cap: 50,000 ETH Total Hard Cap: 102,000 ETH Only ETH is accepted during the frst crowdsale Accepted currencies: round. During the second round, a variety of currencies will be accepted Min Transaction Amount: 0.01 ETH Max Transaction Amount: Unlimited Unsold tokens: Burned Pre-crowdsale date: August 21, 2018 - August 31, 2018 1st crowdsale round date: September 26, 2018 - November 14, 2018 2nd crowdsale round date: January 26, 2018 - March 14, 2019 or until the hard cap has been reached 31 Crowdsale Conditions and Terms
Token and Crowdsale Details
The funds raised during the pre-crowdsale and private sale are not calculated into the soft cap and are not subject to a refund in case the soft cap is not reached.
The soft cap works only for the frst crowdsale round that’s held on a smart contract. In case the soft cap is not reached, the funds collected during the frst crowdsale round are subject to a refund.
OGO coin will be placed on cryptocurrency exchanges within two weeks after the second crowdsale round ends. In case the second crowdsale round is renounced, OGO coin will get listed on exchanges within three months after the frst crowdsale round ends in order to proliferate acceptance of the coin and to generate demand around it. These exchanges will be the only way to buy tokens. VogoV will not sell the tokens directly.
Crowdsale Rounds Differences
WARNING VogoV may renounce the second crowdsale round in the following cases: 1. If during the frst crowdsale round, 27,000,000 OGO, or at least 70% of this amount, are not sold 2. If the market changes and VogoV decides not to hold the second round
If the second crowdsale round is renounced, 36,250,000 OGO coin will be burned. The amount burned will equal the whole amount of OGO coin planned to be sold during the second crowdsale round as well as half of the OGO coin budgeted for ecosystem development, the team, the founders, and the company.
32 Crowdsale Conditions and Terms Crowdsale Rounds Differences
First round Second round
Smart contract Yes No
Whitelist / KYC procedure No Yes
Bonuses Yes TBA
Token price fxed to ETH USD
Accepted currencies ETH ETH, BTC, USD and others
After the frst crowdsale round, an average crowdsale token price will be calculated. This average price will be used to fx the token price in USD for the second crowdsale round.
The frst crowdsale round will be held on a smart contract, which readers can fnd on GitHub. Any unsold tokens will be frozen through the use of this smart contract. The smart contract will ensure that there is no possibility of their subsequent withdrawal or use. For all intents and purposes, these unsold tokens will have been destroyed.
33 Crowdsale Conditions and Terms Crowdsale Bonuses
First Crowdsale Round Bonuses Allocation
The crowdsale is divided into bonus sections according to the amount of OGO coin sold.
The second crowdsale round’s bonus allocation will be announced after the frst round ends. The second crowdsale round will provide smaller bonuses than those provided during the frst crowdsale.
34 Crowdsale Conditions and Terms Token Distribution
The total amount of OGO coins in existence will equal 36,000,000. Some of these tokens will not be available during the crowdsale and will be used to further develop the OGO coin ecosystem. The OGO Coins will be distributed in the following manner:
Number of Tokens Percentage
Token Sale 56,955,000 76 %
Ecosystem Development 10,000,000 13.3%
Founders 2,250,000 3%
Team 2,250,000 3%
The company 3,000,000 4%
Community campaigns 545,000 0.7 %
35 Crowdsale Conditions and Terms Crowdsale Success and Projects Implementation
Funds collected during the crowdsale will be invested in the content production of VogoV studio as well as into efforts to scale cryptocurrency usage in the industry through development and promotion of the payment infrastructure.
If 5 500 000 OGO coin are sold, the Decentralized Interactive Porn Studio will be developed and 120+ videos will be produced.
If 15 000 000 OGO coin are sold, the Merchant Account and Wallet will be developed further and 350+ videos will be produced.
If 25 000 000 OGO coin are sold, the Liquidity Pool will also be formed and 450+ videos will be produced.
If 35 000 000 OGO coin are sold, the Exchange and Marketplace will be developed further and 650+ videos will be produced.
If 56 955 000 OGO coin are sold, the Payment Infrastructure will be developed to the fullest extent possible and 1000+ videos will be produced.
36 Roadmap
The following is the planned roadmap for the development of the OGO coin ecosystem. Some steps have already been completed, while others will be completed at a later date.
37 Roadmap
A detailed and fnal development plan will be prepared when we have the results of the token sales and after computing the exact amount raised. This fgure will directly infuence the speed and scope of development.
38 Advisors Anchor Industry Advisors BRIDGETTE B Top Female Performer
Bridgette B is a popular actress and model also known as the Spanish Doll. Adult entertainment sites all over the world list Bridgette B as one of the top adult entertainment stars. Among the notable companies for which she’s worked are Vivid Entertainment, Hustler Video, Wicked Pictures, Naughty America, Brazzers and Digital Playground. Bridgette won the AVN Award for Unsung Starlet of the Year in 2012. Bridgette advises us on how to attract more industry stars to create a pool of performers that our voters will be able to vote for.
ROCCO Siffredi Legendary Performer and Director, as well as Markus Dupree’s Mentor
Rocco Siffredi is a legend in the adult entertainment industry. Everyone who likes adult entertainment knows or has seen Rocco Siffredi. He has won over 40 AVN awards (“the Oscars of Porn”) and has starred in almost 1,400 adult flms. Rocco Siffredi is one of the main reasons why Markus Dupree has become such a success. Rocco Siffredi has vast industry experience and advises us on video production and studio management matters. 39 Team Key Team Members
MARKUS Dupree Co-Founder, Director & Male Performer [email protected]
Markus Dupree is the stage name of Aleksei Maetnyi who has won 7 AVN awards:
Male Performer of the Year in 2018
Best Group Sex Scene in 2018 Angela White, Mick Blue, Xander Corvus Markus Dupree, Toni Ribas & John Strong
Best Anal Sex Scene in 2018 Lana Rhoades & Markus Dupree
Best Double Penetration in 2018 Angela White, Markus Dupree & Mick Blue
Best Double Penetration in 2017 Abella Danger, Mick Blue & Markus Dupree
Best Orgy/Gangbang Movie in 2017 Abella Danger, Mick Blue & Markus Dupree
Most Outrageous Sex Scene in 2017 Besides the AVN awards, Markus also won Adriana Chechik & Markus Dupree, the XBIZ award for Best Sex Scene Holly Hendrix — Gonzo Release in 2018 40 Team Key Team Members
IVAN Kirillov ANON Member Co-Founder and Co-Founder, Token Sale Managing Director and Product Manager [email protected] [email protected]
18+ years of experience Venture capitalist with extensive in the adult entertainment business and experience in software product 7+ years in online gambling and eCommerce development. Anchor investor in VogoV
JONNI Darkko Operator
Jonni Darkko is a well-known fgure in the adult entertainment industry who has over 20 years of experience as both a former male performer and a director. Having directed over 180 porn videos, he was inducted into the AVN Hall of Fame in 2016. Jonni Darkko leads video production at VogoV.
Jonni’s AVN Awards:
Best Director in 2015 Director of the Year in 2008 Director of the Year in 2007
Jonni’s XBIZ Awards:
Director of the Year in 2009 Gonzo Director of the Year in 2008
41 Team Key Team Members
BRIAN S. Gross This is only a list of our key team members and Media Contact not a list of everyone [email protected] involved in our project. Often, people who are not public fgures prefer to keep their involvement with the adult entertainment industry private.
ILYA Trofmov NATHAN DeLong Motion Designer and Creative Director Post Production Engineer
PAVEL Chirukhin VLAD Makushen Senior Front-end and Chief Technical Ofcer Solidity Developer
ALEKSANDR Shishenko DMITRY Lensky Project Manager Production Manager
ANON Member GRIGORY Smirnov Chief Cybersecurity Ofcer Lead UI/UX Designer
42 Conclusion
VogoV plans to hold a Token Sale in an effort to gauge the willingness of the adult entertainment industry to move into the cryptocurrency space. Our goal is to expand the adult entertainment industry into the cryptocurrency space in a bid to not only grow the adult entertainment industry and cryptocurrency as a whole but to also address a number of issues that affect both users and providers within the adult entertainment industry. The OGO Coin will help address any anonymity concerns that our users might hold as well as make it easier for our users to participate in the content- production process of an adult flm studio. By giving token holders a vote in how an adult flm studio creates content, it will increase user engagement and help the industry grow. The marketplace and cryptocurrency exchange will also help the industry grow and make it easier for users to access goods and services within the adult entertainment industry. In particular, the connection and ease of switching between the two platforms will help improve access and increase sales. Users will be able to buy goods and services much easier and providers will fnd it much easier to sell their goods and services. Not only will VogoV’s plans help grow the adult entertainment industry, but it will also help grow the cryptocurrency space as a whole. As the US$100-billion industry moves into the cryptocurrency market, the cryptocurrency space will see growth in terms of market cap, coin value and general use.
Our crowdsale is not a goal in itself. Our crowdsale is a tool to reach our goals of developing a decentralized adult flm studio and a new cryptocurrency payment infrastructure within the adult entertainment industry.
By offering and applying not only blockchain technology, but also blockchain philosophy, we will be able to gain an edge over the competition. The blockchain philosophy will help ensure that VogoV itself and the ecosystem around it are based on the principles of transparency, decentralization and integrity.
43 Disclaimer
THIS DOES NOT CONSTITUTE AND IS NOT INTENDED TO BE AN OFFER OF SECURITIES OR ANY OTHER FINANCIAL OR INVESTMENT INSTRUMENT IN ANY JURISDICTION. THE TOKEN SALE IS NOT AVAILABLE FOR CITIZENS OR RESIDENTS OF THE UNITED STATES OF AMERICA OR ANY JURISDICTION, WHICH PROHIBITS PARTICIPATION IN THE SALE OF THE OGO COINS (SUCH AS CHINA, SINGAPORE, ALGERIA, BOLIVIA, VIETNAM, INDONESIA, LEBANON, MOROCCO, NAMIBIA, NEPAL, PAKISTAN, ECUADOR, MYANMAR, IVORY COAST, CUBA, IRAN, NORTH KOREA, SYRIA). UPON BEING INFORMED OF THE FACT THAT YOU ARE A CITIZEN OR RESIDENT OF THE UNITED STATES OF AMERICA OR ANY JURISDICTION, WHICH PROHIBITS PARTICIPATION IN THE SALE, THE COMPANY WILL TREAT SUCH AN ACQUISITION AS VOID AND NO OGO COIN SHALL BE ACQUIRED BY YOU AFTER THE EXPIRATION OF THE BUYBACK MECHANISM. WE PROVIDE THE BUYBACK MECHANISM ONLY TO THE CITIZEN OR RESIDENT OF THE UNITED STATES OF AMERICA OR ANY JURISDICTION, WHICH PROHIBITS PARTICIPATION IN THE SALE, ONLY IN CASE IF SUCH A RESIDENT OR CITIZEN HAS INFORMED US ABOUT THEIR RESIDENCE OR CITIZENSHIP. WE MAY REQUIRE TO ASK YOU TO PRESENT US DOCUMENTS WHICH IDENTIFY YOU IN ACCORDANCE WITH THE KYC/AML PROCEDURES. THE PROCEDURES ARE NECESSARY FOR THE PURPOSES OF PREVENTING FRAUD AND WE COUNT ON THEM AS OUR LEGITIMATE INTEREST. THE BUYBACK MECHANISM EXPIRES ON THE FOURTEENTH CALENDAR DAY AFTER THE END OF THE ROUND OF THE CROWDSALE IN WHICH THE CITIZEN OR RESIDENT OF THE UNITED STATES OF AMERICA OR ANY JURISDICTION, WHICH PROHIBITS PARTICIPATION IN THE SALE HAS PARTICIPATED. WE DO NOT REPRESENT THAT THIS WHITE PAPER DISCLOSES ALL RISKS AND OTHER SIGNIFICANT ASPECTS ASSOCIATED WITH OGO TOKENS, US AND/OR OUR PLATFORM, APPLICATION OR RELATED PRODUCTS. WE EXPRESSLY DISCLAIM ANY AND ALL RESPONSIBILITY AND LIABILITY TO ANY PERSON FOR ANY DIRECT, INDIRECT, CONSEQUENTIAL OR ANY OTHER KIND OF LOSS OR DAMAGE WHATSOEVER ARISING DIRECTLY OR INDIRECTLY FROM: (I) RELIANCE ON ANY INFORMATION CONTAINED IN THIS WHITE PAPER, (II) ANY ERROR, OMISSION OR INACCURACY IN ANY SUCH INFORMATION, OR (III) ANY ACTION RESULTING THERE FROM.
44 Disclaimer
This White Paper is for informational purposes only and does not constitute and is not intended to be an offer to sell, a solicitation of an offer to buy, or a recommendation of: (i) OGO tokens, (ii) an investment in our platform or any project or our property, or (iii) shares or other securities in our company or any afliated or associated company in any jurisdiction. We do not represent that the OGO tokens discussed in this White Paper are suitable for any particular acquirer. You are solely responsible for determining whether OGO tokens are appropriate for you based on your personal objectives, fnancial circumstances, and risk analysis and tolerance. You should consult your business and legal advisor, attorney, tax and accounting advisor regarding your specifc business, legal, and tax situation. By publishing this White Paper, we do not intend to solicit, and is not soliciting, any action with respect to OGO tokens or any contractual relationship with us or any afliated or associated company. If we elect to conduct a sale of our company (the “Token Sale”), any offer to sell OGO tokens will be made solely under the terms and conditions of a binding legal agreement between the acquirer and us, the details of which will be made available at our site separately from this White Paper.
Nothing in this White Paper shall be construed as imposing on any person an obligation to participate in the Token Sale. No act relating in and of itself to this White Paper, including but not limited to, requesting a copy of this White Paper or sharing this White Paper, shall constitute participation in the Token Sale.
This White Paper includes forward-looking statements. Except for historical information, the matters discussed in this White Paper are forward-looking statements that involve certain risks and uncertainties, such as our expectations regarding the availability, functionality, and performance of our platform, use cases for the platform, future development of the platform, and the market conditions affecting the platform. Those risks and uncertainties also include, among other things, whether the proposed Token Sale is consummated at all or on the terms outlined in this White Paper. If any of those risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results or outcomes may vary materially from those expected.
We disclaim any intention or obligation to update publicly or reverse such statements, whether as a result of new information, future events, or otherwise. 45 Disclaimer
We have endeavored to make reasonable attempts to ensure the information in this document is factually true and is a correct representation of the platform at the material time of publishing. However, as a result of development there platform OGO tokens are not intended to be any of the following: may be changes to the platform, including but not limited to: the platform mechanism, the platform tokens, the token mechanism, proposed allocation of tokens, proposed distribution of funds raised, that may not be included in this or any other version of this White Paper. We may, but is not obligated to, give notice of any changes to this or any other version of this White Paper by publishing updates on its site. All persons are responsible for ensuring that they have the latest version of this White Paper and reading and understanding its contents. OGO tokens are cryptographic tokens intended to be used within the our platform only. OGO tokens are not intended to be any of the following:
• Shares or interest in a collective investment scheme; • Stocks, debentures, notes, warrants, certifcates or any other instrument, the purpose of which is to grant a right to interest, dividend, payment or any kind of return from any person; • Any form of security; • Equity interest or evidence of ownership in any legal entity or business;
At the time of this writing, (i) with the exception of being used to place advertisements on the platform, OGO tokens cannot be exchanged for goods or services, (ii) OGO tokens and (iii) OGO tokens cannot be traded on any known exchanges. There is no guarantee that any OGO tokens subject of the Token Sale will increase in or retain its value. It may decrease in value. We make no representation as to the value ascribed to the OGO tokens, and expressly disclaim any and all liability that may arise as a result of the change in any value ascribed to any or all of them. We, as the organizer of the proposed Token Sale, may be required under laws/regulations of the applicable jurisdictions to carry out, among others, anti-money laundering, counter-terrorism fnancing checks and/or any other background checks on Token Sale participants (KYC checks). By participating in the Token Sale, all participants are obliged to comply fully with such KYC checks, and represent that all information disclosed to us for the purpose of compliance with such KYC checks is complete and accurate to the best of their knowledge.
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