UTEX A Decentralized AI Smart Asset Trading Platform

UTEX --- A Decentralized AI Smart Asset Trading Platform White Paper Have awe in technology and be pious in sermon Follow logic and reach real consensus

UTEX --- A Decentralized AI Smart Asset Trading Platform Preface Science and technology are leading the times, and technology is always the first power to promote industry progress! Throughout the history of human development, "commercial activities" began with the concept of "money", as the legal tender created by human beings has driven the development of global trade activities. Although we have struggled to build milestones of civilization one after another, the achievements always become ashes in an instant. Just when we almost lost confidence, the emergence of block chain rekindled our hope. The greatness of the decentralized consensus lies in its ability to compete with the traditional centralized and demonic evil mechanism, so that users can have independent thoughts shine like stars, and the development of civilization becomes orderly and eternal. At the same time, trillions of individuals have reached a valuable consensus on the identification of rules and trends, so that the cooperation between human beings has been unprecedentedly high level and broad. Block chain is a flower from god dedicated to mathematical principles. It detached from people's morality and trust. The trust constrained by algorithms will gradually be transformed into ultimate belief, allowing human beings to evolve into smart contract civilization, and outlining the beautiful future super civilization to us. With its strong landing in the block chain digital cash field, UTEX becomes the world's first decentralized AI smart asset trading platform, which is jointly developed by the TRON Foundation, Bi. Torrent Foundation, the JST Foundation and the UT Foundation with the participation of senior figures in various fields such as global finance, science and technology, economy, block chain and risk control. We believe that the block chain is the light of an innovative technology, which can reshape the trust foundation, cooperation mechanism and transaction mode of mankind, thus building a brand-new international financial order and economic system, and enabling those who work hard to truly be on the road of financial freedom.

UTEX --- A Decentralized AI Smart Asset Trading Platform Contents Preface. . . . . . 2 Summary. . . . . 5 Chapter 1 Choice of the times. . . 6 1. 1 Seven defects. . . . . . 7 1. 2 The birth of UTEX. . . . . . 8 Chapter 2 Ecosystem layout. . . 9 2. 1 TRON Introduction. . . . . 10 2. 2 About DEFI. . . . . . 11 2. 3 UTEX Introduction. . . . . 12 Chapter 3 Core Products. . . . 14 3. 1 UTEX Genesis Edition. . . . . 16 3. 2 UTEX Perfect Edition-UTEX 2. 0. . . . 24 3. 3 UTEX International Digital Bank. . . 25 Chapter 4 Platform Logic. . . . 26 4. 1 UTEX Wallet. . . . . . 28 4. 2 UTEX Trading Area. . . . . 28 4. 3 UTEX Lending Area. . . . . 28 4. 4 UTEX Mining Area. . . . . 28 Chapter 5 Financial Public Chain. . . . . 30 5. 1 UTEX Public Chain. . . . . 31 5. 2 UTEX Public Chain Value Orientation. . . . . 31

UTEX --- A Decentralized AI Smart Asset Trading Platform 5. 3 UTEX Public Chain Technical Architecture. . . . 32 5. 4 UTEX Mathematical Principle. . . . 34 5. 5 Chaotic Sorting Mechanism. . . 35 5. 6 Dynamic Price Formation in the Decentralized System. . 36 5. 7 Platform Features. . . . . 37 5. 8 Technical Advantages. . . . 38 Chapter 6. Application Scenarios. . . . 40 6. 1 Application overview. . . . 41 6. 2 Specific applications. . . . 41 Chapter 7. Issuance Plan. . . 47 7. 1 UT Token. . . . . . 48 7. 2 Total Issuance. . . . . 48 Chapter 8. Strategic Planning. . . . . 49 8. 1 Management Organization. . . . 50 8. 2 Development route. . . . . 51 Chapter 9. Team. . . . 52 9. 1 Founding Team. . . . . 53 9. 2 Project consultant. . . . . 55 9. 3 Investment institutions. . . . 56 9. 4 Cooperative partners. . . . 57 Chapter 10. Social Responsibility. . . . 58 Chapter 11 Disclaimer. . . 60 Concluding remarks. . . . 63

UTEX --- A Decentralized AI Smart Asset Trading Platform Summary In a new round of technological revolution across the world today, "the age of digitalizing all things" has brought the expectations of change, but also gave birth to the service of real-time response. A truly customer-centric and interconnected ecosystem is taking shape, providing a dynamic service that is infinitely close to the demand scenario. The development of the trend leads us into a new stage of the combination of finance and technology--decentralized smart trading. This white paper will focus on the key block chain technologies such as P 2 P node network, consensus mechanism, cross-chain interaction, smart contract, and encryption algorithm, aiming to develop a decentralized smart transaction platform (i. e. , UTEX) applicable to many scenarios that adheres to the "usercentered" concept, provides more rich, convenient and personalized service. This is no longer a partial improvement of the industry, but will be the re-imagination and re-shape of the digital asset financial services. Now, we invite you to join us in building a decentralized smart trading ecosystem. Show your talents, get your benefits, and fulfill your wishes here! Existing is perceiving. Blockchain will change the world. Nothing lasts forever except thoughts.

UTEX --- A Decentralized AI Smart Asset Trading Platform Chapter 1 Choice of the times 1. Seven defects 2. The birth of UTEX

UTEX --- A Decentralized AI Smart Asset Trading Platform Chapter 1 Choice of the times 1. 1 Seven defects of traditional centralized digital exchange After nearly a decade of growth, traditional centralized digital exchange still has "seven defects": First is high user transaction costs. The majority of trading platforms charge launching fees for digital assets as high as hundreds of thousands of USDT. This leads to the tendency of the platforms to select the currencies that maximize their interests when choosing online digital assets. On the contrary, the "pyramid sale" products are launching on the platform, leading to the expulsion of good products by bad ones. Second is asset insecurity. The theft of exchange platforms is an unavoidable topic every year. Although major trading platforms have done a lot around security issues, the limitations of the centralized digital exchange have resulted in the inability to fundamentally solve the issue. Therefore, a decentralized exchange based on block chain technology is the general trend. Third is the untransparent platform. The exchanges should have been the place for deals matching. But now, they have become the platform for baseless coins and pyramid sales products. The lack of transparency and supervision on the platform has turned the exchange into a slaughterhouse for retail investors. The once popular exchanges have turned into scattered sands from high-rise buildings because of its own defects and regulatory hit. Fourth is the black box operation of the assets. Due to the low transparency of the operation link in centralized systems, and low information asymmetry, it is difficult for participants to control the data risk, resulting in low efficiency of circulation, and a lot of manpower and material resources required in capital turnover. In the clearing and reconciliation between trading systems, and various online and offline asset repayment channels, it is unable to monitor the actual situation of assets. Fifth is that the industry lacks an effective regulatory mechanism, and some project even intentionally cover up the truth. A large number of projects have devoted their energies to marketing and publicity stunt. They have long neglected the development and implementation of the project itself. The industry lacks effective supervision and tracking, auditing and disclosing in the fulfillment and implementation of the project.

UTEX --- A Decentralized AI Smart Asset Trading Platform Sixth is that some projects raised big money in bad faith but did nothing even when the money far exceeds the actual needs. When the projects raked in funds, they are very untransparent in the later operation of the use of funds. They even make publicity stunt with some funds, analysts, media, with some manipulation in the artificial market from time to time. Some makes irresponsible remarks, and hires paid forum posters to cheat investors who cannot accurately identify such remarks due to asymmetric information and resources. Seventh is that the market is mixed with good and bad products, and the high -quality projects can be ignored due to the lack of incentive mechanism. On the contrary, some ads or rumors are set on the top of the communities driven by pecuniary benefits. Due to the lack of identification ability in the quality and authenticity of project disclosure information and social media disclosure information, investors are often influenced by the stunt information in their investment judgment, and faced with difficulty to interpret and distinguish the authenticity of the project and other issues, resulting into being deceived. 1. 2 The birth of UTEX In view of the various defects and difficulties above, the reason lies in the distrust of various parties on the lack of reasonable transaction mechanism, asymmetric information and untransparent transaction. This may bring a heavy blow to the block chain financial industry which is about to take off. However, with the development of asset tokenization, diversification has become an irreversible trend in the future. Based on this industry background and the call of the times, UTEX decentralized smart asset trading platform came into being. UTEX dares to be the pioneer of the times. It makes a modest contribution to maximizing the benefits and values of all users and participants, and pioneering to solve the current problems of high transaction costs, high market risk, incomplete ecosystem loop, and difficulty in detecting high-quality projects. It aims to help all people who aspire to fairness, democracy and freedom to actively promote the application of block chain technology in the trend of block chain decentralization, and redefine and distribute wealth for value creators, so that each individual gains balanced access to the highest rights and interests, and each user in the UTEX ecosystem feels the charm of block chain decentralization!

UTEX --- A Decentralized AI Smart Asset Trading Platform Chapter 2 Ecosystem layout 1. TRON Introduction 2. About DEFI 3. UTEX Introduction

UTEX --- A Decentralized AI Smart Asset Trading Platform Chapter II Ecosystem layout De. Fi is the innovative business model of UTEX application supported by large-scale block chain application scenarios in the financial industry and mature technology background. Its appearance and its association with TRON will surely be disruptive and open a new chapter of decentralized finance. 2. 1 TRON Introduction Tron is a tech company that takes the mission of promoting internet decentralization, and is committed to building the infrastructure for internet decentralization. It was founded in March 2014, headquartered in San Francisco, US. Tron protocol is one of the decentralized application operating system protocols based on block chain, which provides the underlying public chain support with high throughput, high scalability and high reliability for the decentralized application operation on the protocol. A limited number of high computational performance nodes are selected by the user as network maintenance nodes. Tron is currently recognized as the first public chain in the block chain industry. Re-decentralize the Internet Watch the video On April 9, 2019, TRON united with the world’s largest stable currency issuer, Tether (issuer of USDT) to issue the “TRON usdt”, also known as the “USDTtron”, based on the TRON public chain protocol. As of November 2019, the USDT-tron issuance has reached an amount of nearly $1 billion.

UTEX --- A Decentralized AI Smart Asset Trading Platform 2. 2 About De. Fi, or Decentralized Finance, is known as decentralized or distributed finance. Decentralized finance refers to the applications of various financial fields developed from an open decentralized network. The goal is to establish a multi-level financial system based on block chain technology and crypto-currency to re-create and improve the existing financial system. Undeniably, De. Fi will be the inevitable trend of the times, and has incomparable advantages in improving privacy, fairness, asset security, reducing costs, and decentralization. De. Fi's problems in its infancy were very similar to those of the early internet, and De. Fi had to go through a bumpy road to reach far away. 11

UTEX --- A Decentralized AI Smart Asset Trading Platform 2. 3 Introduction to UTEX Foundation was founded in the US, and is the world's emerging block chain financial foundation. Since its inception, it has been committed to core technology breakthrough of the block chain financial field, and is the world's first decentralized AI smart digital asset trading platform. It is a decentralized smart investment contract system for block chains, which is jointly designed and developed by the world's top technology development team together with senior professionals from the fields of global finance, economy, science and technology, block chains, actuarial science, and risk control. It accesses the past financial transaction big data through the distributed network, carries on the data analysis and market fluctuation forecast, unifies the global leading multi-dimensional smart trading strategy, conducts 24 -hour uninterrupted data processing, studies and revises to find the trading method that makes the most stable profits. It provides financial service for the global investors, enables them to enjoy the high-quality investment products and their wealth growth power that are generally for the high net worth individuals. Its development includes decentralized smart exchanges (spot, overthe-counter, coin, leverage, contract, etc. ), financial public chain, loan mortgage, liquidity mining, investment and wealth management and other multi-service sectors. At present, a comprehensive global financial ecosystem for digital economy has been formed. UTEX, with a full name of "United Exchange", is a decentralized exchange established by the Foundation based on the Tron public chain, where users' accounts and assets are completely under their control. The birth of UTEX solved three of the biggest problems in De. Fi's early development. 1. Trust issues At present, the mainstream exchanges are all centralized exchanges. However, no such exchanges can provide 100% confidence for users. There are even fewer people who deposit a large amount of coins in the exchanges. The reason is still the worry that the centralized exchange cannot allow the withdrawal of cash for various causes. It is generally believed in the industry that the decentralized exchange will replace the centralized exchange completely sooner or later. The main reason is that the decentralized exchange is not controlled by any individual. The users have absolute control over their accounts. So trust is no more a concern in a decentralized exchange. At present, the projects that are popular are all decentralized ones among many De. Fi projects. 12

UTEX --- A Decentralized AI Smart Asset Trading Platform As long as it is decentralized, users are willing to try despite the future prospects, because the risk is controlled in their own hands. 2. Trading efficiency issues The current De. Fi projects are mainly built on the ethernet network, which has serious problems in the performance bottleneck of ethernet, and a long way to go to break through the bottleneck. During the peak period, a transfer on the ethernet can take up to 30 minutes on average. Sometimes a De. Fi operation needs 3 to 4 transfers, in which the transfer operation alone needs nearly 2 hours. This is not tolerable for any financial projects. Most of the De. Fi projects have high efficiency requirements for the underlying public chain, and ethernet cannot solve this problem in the short term. This is the main reason why De. Fi has a temporary bottleneck. However, the defect of ethernet is where the Tron’s strength lies. The millisecondlevel ultra-high throughput can accommodate millions of users to operate at the same time, which makes more De. Fi projects get developed with Tron public chain as the underlying chain. 3. Ease of operation issues In the early days of De. Fi development, there were many popular projects, mainly focusing on decentralized loan and instant exchange, such as compound, uniswap, etc. Each of them is complex to operate and very unfriendly to the average user without sufficient experience. This problem led to the situation that mainly those professional traders make the money despite the popularity of De. Fi concept around the world, . UTEX solves the problem fundamentally. In UTEX, users can use all De. Fi products integrated in UTEX in less than 1 minute, including core De. Fi contents such as lending, instant exchange transaction and liquidity mining. The operation is ultra-convenient and simple like an ordinary APP. 13

UTEX --- A Decentralized AI Smart Asset Trading Platform Chapter 3 Core Products 1. UTEX Genesis Edition 1. UTEX Perfect Edition. UTEX 2. 0 3. UTEX International Digital Bank 14

UTEX --- A Decentralized AI Smart Asset Trading Platform Chapter 3 Core Products UTEX is committed to creating a safe, reliable, fair and open, convenient and efficient blockchain decentralized smart contract trading platform for users around the world. It also provides services such as currency, leverage, contracts, anonymous transactions, liquidity mining, loan mortgages, investment and financial management. It aims to meet the diversified trading needs of investors, so that every investor can enjoy the trading experience of digital assets and derivatives that exceeds the industry level. Safe and reliable Decentralized smart contract blockchain trading platform Fair and open Tokens, leverage, contracts, anonymous transactions, liquidity mining, loan and mortgage, investment and wealth management, etc. Convenient and efficient Today, the digital financial market is prospering. At present, the first-tier trading platform has entered a stable period, but many potential users are trapped in three problems of "no understanding of digital assets, no ability to operate the platform, and no knowledge of the trading market", which limited the inclusiveness and development of digital finance. We believe that artificial intelligence penetrates into decision-making in the financial field through "data + computing power + algorithm + scenario" and promotes the development of smart finance. Smart finance represents four core technology sectors with ABCD, namely artificial intelligence (AI), blockchain (Blockchain), cloud computing (Cloud Computing) and big data (Big Data). AI A B Blockchain Four core sectors Cloud Computing D C Big Data 15

UTEX --- A Decentralized AI Smart Asset Trading Platform 3. 1 UTEX Genesis Edition Smart finance is the deep integration of new technologies represented by artificial intelligence and financial services. It relies on ubiquitous data information and continuously enhanced computing models to gain insights in advance and meet various financial needs of customers in real time, to be truly user-oriented, reshape the financial value chain and financial ecology and promote four reconstructions: reconstruct user connections and service value chains, reconstruct risk assessment and management systems, reconstruct service boundaries, and reconstruct infrastructure standards and operation logic. The financial services are launched in phases: Leveraged trading Anonymous instant transaction The third phase The first stage The second stage Token transaction The fifth stage The fourth stage Contract transaction Continuous update and upgrade Platform system features: High-performance trading system The UTEX trading system uses memory matching technology and is certified by an authoritative evaluation center. The order processing speed will be faster as the ecological data is richer. The current speed is as high as 1 million orders per second. It is believed that this speed will exceed most systems in the industry by hundreds, or even thousands of times, and it can guarantee that there will be no delays and jams in order processing. The system has rich and successful application experience in other similar exchanges, and can support the smooth operation of exchanges with more than 18 million concurrent online users. Smart Security System UTEX adopts an advanced multi-layer, multi-cluster system architecture. The design of multilayer architecture greatly improves system performance, safety, stability and scalability. The function deployment and version updates do not need shutting down the machines, which maximizes the end user's operating experience. 16

UTEX --- A Decentralized AI Smart Asset Trading Platform Support multi-currency transactions: UTEX currently supports transactions in the following currencies, and new or existing currencies that pass security audits will be added in the future. The supported currencies at this stage are shown below: Platform liquidity We have abundant resources and numerous partners in the industry. Before the system is launched, we have reached a consensus with many domestic and foreign mining farms, investment funds, and major trading companies. After its launch, their transactions will be transferred to the platform to provide sufficient liquidity and bring users a good trading experience. 17

UTEX --- A Decentralized AI Smart Asset Trading Platform 3. 2 Core functions of UTEX SWAP instant trading, P 2 P lending, liquidity mining 1. SWAP instant trading When the De. Fi era is coming, decentralized exchanges have become the most important part of it. UTEX, the first exchange with decentralized exchange protocol on TRON, will be launched on October 18, 2020. With TRON's ultra-low handling fee and extremely fast transfer speed, it will redefine the decentralized exchange, and start a new open financial market and mining profit model. The official launch of UTEX this time will be open to all users around the world, helping them participate in the open financial market. Users can exchange TRC 20 tokens freely in UTEX. The biggest advantage of UTEX is that the chain transaction pool uses an automatic market maker algorithm to execute transactions, eliminating the need for order books and trading counterparties. The system automatically sets prices, and each transaction pool is controlled by a smart contract. Therefore, UTEX can complete extremely fast transactions. In addition, UTEX will allow any user to become a liquidity provider, which means that any user who adds liquidity to the fund pool can receive transaction fees as income. What makes users even more pleasantly surprised is that UTEX will start liquid mining in the future. By providing funds to the UTEX fund pool, users can obtain extra mining income in addition to transaction fees. Users only need to add funds to the fund pool according to the relative price in the current fund pool, or create a new trading area, and add funds at a reasonable price in the market, and they can enjoy additional liquidity mining income in addition to the 0. 3% exchange transaction fee. There will be no network congestion in the TRON network, so the UTEX protocol running on the TRON network does not need to pay extra high miner fees to quickly get transactions on the chain. The launch of UTEX not only eliminates users’ worries about high handling fees, but also allows users to conduct transactions more quickly, with a highly user-friendly experience. In this world where decentralized finance is receiving more attention, the launch of UTEX will provide you with a safer, more efficient, and more reliable solution. This is what allows ordinary users to truly 18

UTEX --- A Decentralized AI Smart Asset Trading Platform participate in the decentralized transaction agreement with zero threshold, and the decentralized transaction in people’s mind will change from the launch of UTEX. Everyone is welcome to use UTEX and put forward your valuable comments. UTEX official website: ut. exchange What can be done in UTEX? 1. Users can exchange between multiple tokens; 2. Users can provide liquidity to the fund pool to obtain transaction fees; 3. Users can apply to establish their own trading area, which is equivalent to issuing coins; Five advantages of UTEX 1. Unlimited liquidity Provide unlimited liquidity for more than a thousand traders and over a hundred applications 2. Convenient and fast Instant transaction, no need to wait for order matching 3. Open to everyone Help users participate in open financial markets 4. High yield Continue to pay you transaction fees, and the agreement does not charge any commission 5. Open and transparent TRON-based decentralized exchange protocol, open and transparent, safe and secure 2. P 2 P lending At this stage, there is a problem with the ecology of the blockchain asset trading market, that is: trading participants cannot trade the time value of assets, which is beneficial to both parties in the transaction and creates non-zero-sum wealth. 19

UTEX --- A Decentralized AI Smart Asset Trading Platform For blockchain assets, there are now two main flaws: 1. The lending mechanism is extremely limited, which leads to mispricing of assets. For example, some rubbish coins are highly valued, and you can't help it because you can't short them. Due to huge storage costs and risks, holding blockchain assets has negative benefits, and there is no interest rate benefits to offset these costs. In other words, if you hold tokens for a long time and do not trade, there will be no gains and incentives, but great risks. 2. The problem of centralized exchanges: You have to believe that they are not hacked or robbed by the escaped management. Only some mainstream assets can be traded on it, and you cannot access these assets through smart contracts or DAPP. In response to the above problems, UTEX proposed an efficient automated decentralized system for borrowing tokens from the TRON ecosystem. This system is based on the UTEXtron protocol, which avoids the shortcomings of the existing methods, allows the currency market to function, as storing assets is profitable. UTEX-tron protocol The UTEX-tron protocol is built on TRON, and is mainly used to establish a currency market. That is, an asset pool that calculates interest rates based on the supply and demand of assets. Asset suppliers/borrowers interact directly with the protocol to earn/pay floating interest rates without the need to negotiate terms such as terms, rates or collateral with peers or counterparties. Not only individuals, DAPPs, exchanges and the like can also obtain incremental returns through the UTEX-tron protocol. This may open up a new business model for the TRON ecosystem. 20

UTEX --- A Decentralized AI Smart Asset Trading Platform Borrower The UTEX-tron protocol allows users to use TRON Tokens as collateral and then borrow assets from the protocol. Different from the point-to-point protocol, borrowing from UTEX only requires the user to specify the required assets and amount, without negotiating terms and expiration dates, which will be automatically provided by the system. The borrowing is real-time, and the interest rate is automatically determined by the market. Therefore, users will see different estimated interest rates when they participate in borrowing every day. But once the user locks in the loan, the daily income during the loan cycle is fixed because the borrower and the lender are finalized. At the same time, the UTEX-tron protocol guarantees the basic income of the supplier through real-time control of the borrowing/lending ratio in the fund pool. For collateral, each market has a Collateral Factor (or mortgage factor, mortgage rate) ranging from 0 to 1. This coefficient represents how many assets you can borrow with a certain amount of Token. That is the upper limit of the borrowing capacity: mortgage asset value * mortgage coefficient. Small-cap assets with poor liquidity have a low mortgage coefficient, while assets with high liquidity have a high mortgage coefficient. The borrower can borrow the amount not exceeding his borrowing capacity, which can protect the protocol from the risk of default. If the outstanding loan value of an account exceeds its borrowing capacity, liquidation will be triggered, and a portion of the outstanding loan will be repaid at the current market price less the liquidation discount to reduce the borrower’s risk exposure, and eliminate the risk of the protocol. 21

UTEX --- A Decentralized AI Smart Asset Trading Platform Through the UTEX-tron protocol, users can hold new assets seamlessly, without having to sell their coins or access various exchanges. In this way, DAPP users, traders and developers have many new trading means, for example: In DAPP, a variety of things can be purchased through tokens, without the need of off-chain transactions or waiting for the order to be completed. Traders can use any investment they have as collateral in exchange for USDJ to finance their own projects. Users can short-sell coins, i. e. they can borrow coins from UTEX and sell them on the exchange when they fall, so as to profit from the depreciation. Interest rate model Interest rates should change as demand changes. If demand decreases, interest rates decrease. If demand increases, interest rates increase. For utilization U in a market A, such a formula can be used to express how much money in the whole pool is lent out. The more money lent out, the higher the utilization rate: 22

UTEX --- A Decentralized AI Smart Asset Trading Platform 3. YIELD FARMING liquidity mining YIELD FARMING, also known as liquidity mining, is a way to generate income by holding cryptocurrency. Simply put, this means that you can get rewards by locking your cryptocurrency. In a sense, liquidity mining can be carried out simultaneously with pledge. However, from the background of both, there are still many complexities. In many cases, liquidity mining usually cooperates with users called liquidity providers (LP) who inject capital into the liquid capital pool. What is the liquidity pool? It can basically be regarded as a smart contract that contains funds. By injecting capital into the fund pool to obtain liquidity returns, liquidity providers can obtain rewards. The reward may come from the income generated by the underlying De. Fi platform or other sources. Certain liquidity pools provide multiple token payment rewards. Later, these reward tokens can also be deposited in other liquidity fund pools, where rewards can also be earned. The essential method is that the liquidity provider deposits funds in the liquidity fund pool and obtains returns. How does liquidity mining work? Liquid mining is closely related to a model called Automated Market Maker (AMM). It is usually related to liquidity providers (LP) and liquidity pools. LP deposits funds in a liquidity pool, which provides power for the market, where users can lend, borrow or exchange tokens. Using these platforms will incur handling fees, which are then paid to LPs based on their share in the liquidity pool. This is also the basis of the working principle of AMM. In UTEX, users can get two parts of liquidity mining benefits. One part is instant conversion transaction area, in which users contribute liquidity for trading, thus gaining mining benefits, and the other part is the lending area, in which users provide liquidity for lending, thus gaining mining benefits. 23

UTEX --- A Decentralized AI Smart Asset Trading Platform 3. 3 UTEX Perfect Edition-UTEX 2. 0 UTEX uses the smart trading system to implement the concept of "keyless trading", providing members of our ecosystem with an endless and appropriate service experience. To make the "smart trading platform UTEX 2. 0" inclusive, we must rely on artificial intelligence technology to drive and expand the boundaries of financial services, provide better services to users in the global market, and meet more subtle financial needs. The reason why "UTEX 2. 0" can implement a high-precision investment strategy is because it integrates advanced artificial intelligence technology, has a rich and deep learning brain for portfolio allocation, and transforms from module services to personalized services. Artificial intelligence functions such as voice recognition, face recognition, fingerprint recognition and iris recognition, have fully utilized the high-tech biometric functions, and been cleverly integrated into the financial field where security and privacy are the top priority. "UTEX 2. 0" can be applied to each financial scenario with different characteristics: Smart risk control Smart transaction Smart investment advisor Smart trading: Through the ability to quickly Smart investment advisory: With the absorb, process and analyze information, UTEX 2. 0 can read, organize and analyze all public data, images and even unstructured information around the world in a very short time, so as to accurately execute the instructions given. support of high-speed computing and massive data, UTEX 2. 0 can provide tailor-made investment strategies and customized solutions at anytime and anywhere. It can shift from modular services to personalized services in terms of investment advisory and portfolio allocation. Smart risk control: UTEX 2. 0's biggest weapon for continued growth in the future--Deep learning enables it to quickly use the support of massive information and cloud computing to quickly process and analyze data, and to predict and avoid risks by learning historical transaction records. 24

UTEX --- A Decentralized AI Smart Asset Trading Platform 3. 3 UTEX International Digital Asset Bank UTEX has not only developed a series of effective system tools to empower users, but also may invest heavily in building the "UTEX International Digital Asset Bank" in the future. It can provide users with a complete set of all-round digital assets and financial related services, and use the most direct and effective way to support and meet market needs. In the future, UTEX's core products may include the following: UTEX International Digital Asset Bank UTEX Multifunctional Wallet UTEX Venture Capital UTEX Offline Security System UTEX Global Support 1) UTEX Wallet--A multifunctional wallet 2) UTEX Security--Offline Security System UTEX Wallet adopts a unique design concept to create a multi-asset wallet application based on blockchain technology, which can provide users at all levels with a mobile multi-asset wallet application fully functional and interactive for the management of multiple assets. The UTEX offline security system uses offline storage of private keys + passwords + fingerprints to protect the security of virtual token assets without the need for profound security knowledge, greatly reducing the risk of token asset losses. 3) UTEX Venture Capital 4) UTEX Pay--Global Payment UTEX provides token asset risk identification, risk measurement, risk control and other services for token asset holders through big data analysis to prevent part of the token asset risk, thereby reducing or avoiding possible economic losses for users. Token risk identification services are as follows: - Forecast and analysis of the development prospects of the token project - Risk analysis of the token market - Fluctuation warning of the token value UTEX Pay is an independent third-party cryptocurrency payment platform based on the UTXO model of the TRON public chain. The UTXO model can transparently track the history of each transaction through the public account book, and can also improve the UTEX network and distribution functions. In the end, it will lay the foundation for the wide distribution of global payments. This method is more suitable for commercial applications and highfrequency transactions to connect merchants and users, and provide them with safe and fast cryptocurrency payment services. 25

UTEX --- A Decentralized AI Smart Asset Trading Platform Chapter 4 Platform Logic 1. UTEX Wallet 2. UTEX Trading Area 3. UTEX Lending Area 4. UTEX Mining Area 26

UTEX --- A Decentralized AI Smart Asset Trading Platform Chapter 4 Platform Logic UTEX has several key sections, including wallet, trading area, lending area, and mining area, providing asset storage, blockchain asset trading, loan and wealth management, Defi mining respectively, which is an excellent entry point for blockchain users. The token "UT" issued by the platform based on TRC-20 will be used to pay for mining rewards, loan interest, mortgage online currency, etc. Users can exchange UT for stable currency USDJ in the trading area at any time, and support 24 -hour deposit, withdrawal and transaction at any time. Several key sections on its platform are shown in the following figure: Key Sectors 2. UTEX Trading Area 1. UTEX Wallet 3. UTEX Lending Area 4. UTEX Mining Area Blockchain technology makes it possible for everyone to truly own their own assets to achieve financial decentralization. As a practitioner of decentralization, UTEX implements a decentralized operation based on TRON technology for participants to achieve the effect of code as law. Regardless of whether it is registration, login or currency listing, all transactions or asset access processes are non-centralized with no one on duty. All operations are recorded on the public ledger, open, transparent, traceable and immutability, disrupting the barriers for traditional centralized exchange of digital currency. Therefore, when users log in or register the decentralized UTEX, they not only need an account and password, but also a mnemonic phrase. The mnemonic phrase is the only identity credential of the TRON wallet and must be carefully backed up and strictly protected. In addition, it is also necessary to bind Emails, so that the account numbers, passwords, mnemonic words, and Emails can be cross checked for security verification. Everyone can become the real controller of their own assets as the security of users’ assets is ensured, and users’ own interests and security are really taken as the center to realize a new pattern where everyone can win. 27

UTEX --- A Decentralized AI Smart Asset Trading Platform 4. 1 UTEX Wallet The wallet supports mainstream public chains including but not limited to OMIN (BTC, BCH, USDT-OMIN), ERC (ETH, USDT-ERC 20), TRC-20 (TRX, BTT, USDT-TRC 20) and other digital assets. Users have their own private Keys and personal addresses, and can even allow the platform to launch new currencies for free upon their support through wallet voting. 4. 2 UTEX Trading Area The trading area adopts a decentralized exchange transaction processing mode, with no need to place an order. When users buy or sell, they submit requirements, the system automatically displays the transaction price in real time, and the user can complete the transaction with authorization. The trading area displays professional price candlestick charts but does not display real-time in-depth quotes to avoid malicious price manipulation and the harming to the interests of ordinary users. The trading area has the core function of Defi called "Liquidity Mining", where users can freely choose the existing trading areas to contribute liquidity, thereby obtaining rich liquidity mining benefits based on the contribution. 4. 3 UTEX Lending Area UTEX lending area adopts the direct order mode, where users can pledge their own digital assets freely to match the loan cycle and supplying interest, so that the lending can be achieved after the user's authorization is confirmed. The reverse is also true where users can choose the target currency they want to borrow, submit the loan period, interest and other requirements, so that the borrowing of the target currency can be achieved after UTEX matches the loan parameters and the user’s authorization is confirmed. 4. 4 UTEX Mining Area The mining area provides decentralized inclusive financial services (Defi), known as liquid mining (yield farming), which is Defi’s most forward-looking and creative design. Users can provide liquidity for existing transactions in the trading area to obtain mining income. Here, users can choose the trading area they are willing to provide liquidity so that more people can get an excellent trading experience, and obtain mining rewards from the platform, achieving a win-win situation. Taking TRX/USDT as an example, the users fill in the amount of TRX they want to supply, such as 1 million, and the system automatically displays the amount of USDT based on the real-time price. After confirmation, the user can join the liquidity mining, and participate into the construction of decentralized financial blockchain. From this, users can obtain mining income according to their contribution. The mining income is in UT, which is settled every 300 seconds (100 block height). (Note: UT can be exchanged for stable currency USDJ at any time, and can be deposited and withdrawn at any time). 28

UTEX --- A Decentralized AI Smart Asset Trading Platform UTEX is committed to creating a safe, reliable, fair, open, convenient and efficient blockchain decentralized smart contract trading platform for users around the world. The above functions may be able to meet the diverse trading needs of investors, and bid farewell to the tragic fate of "artificial knife cutting, I am the fish", allowing ordinary users to become the true masters of the exchange, so that "investors" can also rest assured in the investment zone Block chain projects, and therefore obtain considerable benefits. In the future, the UTEX platform will also build a vertical public chain for various financial scenarios based on TRON. Its application scenarios include decentralized exchanges, digital asset transactions, lightning payment transfers, asset chaining, mortgage loans, and liquidity mining. The all-round blockchain DAPP application with functions such as mining, investment and financial management allows every investor to enjoy a digital asset and derivatives trading experience that exceeds the industry level and a true path to wealth and freedom. 29

UTEX --- A Decentralized AI Smart Asset Trading Platform Chapter 5 Financial Public Chain 1. UTEX Public Chain 5. Chaotic Sorting Mechanism 6. Dynamic Price Formation in the Decentralized System 2. UTEX Public Chain Value Orientation 3. UTEX Public Chain Technical Architecture 7. Platform Features 4. UTEX Mathematical Principle 8. Technical Advantages 30

UTEX --- A Decentralized AI Smart Asset Trading Platform Chapter 5 Financial Public Chain Financial public chain, in short, is a vertical public chain for various financial scenarios. Its application scenarios include allround blockchain DAPP applications with functions such as decentralized exchanges, digital asset transactions, instant payment and transfers, asset launch on the chain, mortgage loans, liquidity mining, investment and financial management, etc. It is an ecosystem that links digital assets and global economy. 5. 1 UTEX public chain UTEX Smart Financial Public Chain is based on TRON and is committed to building an infrastructure for the decentralized Internet, creating an ecosystem platform where everyone can participate and benefit. The public chain consists of four parts: UTEX App, UTEX Token, on-chain digital asset storage, and smart contract. The underlying public chain is designed to solve the inconvenience of user management of various types of digital assets, complicated exchange transactions, slow transaction confirmation, slow performance, and limited application scenarios. UTEX is no longer limited to token transactions between major mainstream exchanges, but is used as vouchers with investment value, and is built into a world-class application. The team hopes to build an infrastructure that conforms to financial behavior habits, focuses on providing financial services, and builds financial service infrastructure based on the high-performance support of the TRON public chain, an open multi-chain architecture, and direct application optimization of the financial market. 5. 2 Value orientation of UTEX public chain ①Build the global asset monetization of the blockchain and the infrastructure of the financial market, ②Provide an on-chain compliance and regulatory framework to comprehensively and deeply support compliance and regulation, ③Provide high-performance on-chain transactions to meet the high-performance requirements of financial transactions, ④Support third parties to develop and operate sub-chains based on UTEX public chain protocol, ⑤Support different types of blockchain assets and traditional assets on the chain, ⑥Support third parties to provide De. Fi services for on-chain assets. 31

UTEX --- A Decentralized AI Smart Asset Trading Platform 5. 3 UTEX Public Chain Technical Architecture The UTEX technical architecture has unique selection and design in transaction models, smart contracts, consensus mechanisms, separation between sub-chain and main chain and other mechanisms, and these characteristics are organically combined to create an efficient and safe financial main chain. Trading main chain Financial transaction Application layer Cross-chain middle layer Built-in contracts customized for transactions Contract layer Incentive layer DPOS consensus mechanism Consensus layer Distributed data storage Security Mortgag token e Liquidity Applicati mining on layer Cross-chain relay On-chain governance in compliance with regulation Synchronization node Contract main chain Storage Block P 2 P node network Oracle On-chain governance DPOS consensus mechanism Synchronization node Execution environment Contract layer Incentive layer Consensus layer Storage Block Data calculation ① As it involves asset transactions and various financial services, the underlying compliance and security will become very strict, so the team has fully designed and planned the underlying security. With the asymmetric encryption mechanism of blockchain technology, distributed data accounting, smart contracts, tamperproof and other features, and the design combining the main chain and multiple chains, the UTEX public chain is turned into a universal and scalable block chain Baa. S and a multifunctional underlying infrastructure that is distributed, interpreted, reliable, safe, efficient and dynamic. ② The main chain does not need to support smart contracts, which can be realized through related special transactions in the financial sector. It can increase TPS to a certain extent to meet the needs of high-speed, low-frequency, and low handling fees in transactions. The contract chain mainly supports smart contracts, and the demand for TPS is low so that complex transactions, financial contracts, logic and verification content on the contract chain can be realized. 32

UTEX --- A Decentralized AI Smart Asset Trading Platform ③ The UTEX chain has designed a consensus mechanism based on DPOS to achieve an efficient consensus mechanism with resource saving and high TPS features. The DPOS consensus mechanism is creatively used to achieve block generation in 3 s, while the single-chain TPS can reach 1000/s. As the side chains are independent of each other, the overall ecological application can be extended indefinitely, achieving N*1000/s high performance. It has the built-in multi-currency support, is compatible with UTXO model and Account model, and can be exchanged for multiple currencies directly on the chain in the form of atomic swap. ④ financial domain-specific data models. Users can easily construct various existing financial business data into legal transactions on the chain, which fully reflects the financial attributes of the main chain. At the same time, it also effectively solves the key problems of the rapid block expansion of the external blockchain system, the huge block volume, and the long synchronization time. ⑤ UTEX public chain adopts a design of dual-main chain together with multiple chains in order to be suitable for a large number of financial service application scenarios. The basic idea is that there are multiple groups in a blockchain network, and each group is a complete blockchain network. Block chain network has independent software modules and hardware resources, can independently complete consensus among nodes, and has independent data storage. ⑥ The wallet has the built-in instant network support: It is improved and enhanced on the basis of referring to the existing bitcoin instant network technology, and is built into the wallet. It provides point-to-point fast payment channel, which can pay in multiple currencies instantly, including stable currencies. ⑦ Distributed exchange: The installable functional modules are added in the main chain relay node, and the distributed exchange functional modules are provided in advance. Each main chain relay node can become a small exchange, and users can directly place orders and trade with the wallet. ⑧ Scalable UTEX chain innovatively provides standard APIs for side chain anchoring and open chip-based anchoring equipment. Any consortium chain can anchor itself to UTEX through the standard API, thereby improving and extending the trust level of the consortium chain to the height of the UTEX chain, so that the professional value of the consortium chain is greatly enhanced, and the application scenarios of the UTEX chain are also expanded. Moreover, thanks to the effective combination of the link value network realized by the value exchange smart contract with network coding technology and cross-chain relay technology, the UTEX chain will be able to support tens of millions of applications and open up the entire blockchain ecosystem. 33

UTEX --- A Decentralized AI Smart Asset Trading Platform 5. 4 Mathematical principle of UTEX uses the idea of BEXE equilibrium in designing the consensus algorithm. We first introduce the basic definition of BEXE equilibrium, and then briefly explain how to use it in our consensus design. Let S, S 2, Sx be the compact distance space, and J, . . . , Jx be continuous functions defined on ∏S. We denote P(S) as the compact distance space formed by all Bore probability measures of S: The Nash equilibrium in a hybrid strategy game represents such a strategy combination (π. . . , π)∈∏P(S), such that for any i=1, 2, , n. J(x. . . z)≤J(m), π ) yr∈P(S) where J(m…, π)=, , J(S 1…, SN) dr(S) Theorem: ((BEXE, 1950), (Glicksberg, 1952) Under the above assumptions, there is at least one fixed point for the hybrid strategy. At present, there is a large amount of literature discussing game theory analysis of blockchain systems such as Bitcoin, and the number is increasing. In BEXE equilibrium (a collection of strategy states), no one can unilaterally change the strategy to obtain greater benefits. This is essential for decentralized systems, because in this type of system there is no centralized controller that can maintain order by "punishing" deviating behavior. The problem is: the BEXE balance strategy is not necessarily efficient. In the Bitcoin system, the BEXE equilibrium strategy is even very inefficient and wasteful. This is because the only source of security mechanism for Bitcoin is proof of computing power, and miners can join or leave the system at will. This kind of mining is a purely non-cooperative game, and the only decisive factor for winning is computing power. The computing power proof mechanism is very successful in making participants obey the consensus, such as compliant mining and obeyance of the "Longest Chain Rule”, but at the same time, every miner has the drive to upgrade mining equipment to obtain greater profits. This "arms race" has resulted in huge waste of resources and the emergence of substantial monopolists. The resource waste is called "tragedy of the commons" in economics, and "the price of disorder" in algorithmic game theory. The only solution to this problem is through mechanism design, which is also called the inverse problem in economics. It is not to study the results under the existing mechanism design, but to find a mechanism that can achieve the desired results. The importance of BEXE equilibrium is that if the game participants are rational and can predict the outcome well, they will definitely predict the BEXE equilibrium strategy. Otherwise, there must be participants who are driven to adopt other strategies. Under the blockchain system, this problem is even more urgent, because there is no limitation of centralized power. Once participants feel driven by greater interests, they will implement new strategies and no longer obey the consensus. The POW consensus mechanism has always had the problems of wasting resources, low efficiency, and low TPS, which are not consistent with UTEX's values and positioning. Based on our design philosophy, we choose the DPOS mechanism as the keynote of UTEX's consensus mechanism to meet our needs, in order to truly realize a blockchain platform that can be used in daily scenarios. In the UTEX system, our consensus mechanism starts from DPOS to realize the efficiency of BEXE equilibrium state under the premise of decentralization. 34

UTEX --- A Decentralized AI Smart Asset Trading Platform 5. 5 Chaotic sorting mechanism The consensus design of the UTEX public chain takes security as one of its core goals and sets extremely high standards. In view of the possible cheating problem of multiple SCV miners in the DPOS system, the consensus layer will use chaotic sorting as the solution. The dynamic behavior in chaotic dynamic system is extremely sensitive to the initial value. In layman's terms, chaos means that a very small perturbation to the initial value can lead to a great change in the mapping result, so it will cause uncertainty in the prediction process. This uncertainty is exactly what we need. In the process of uploading blocks, if several miners join together to cheat, they need to continuously confirm a block containing false information. For this purpose, they need to know the order of the blocks uploaded by different miners as early as possible and have enough time to coordinate. Chaotic resorting means that the order of uploading by miners is not determined at the beginning. Instead, the consensus layer stipulates an algorithm that extracts certain information in each successfully uploaded block for mapping, and performs multiple iterations to calculate the next number of the miner. Therefore, the miner only knows the identity of the uploading miner until the last minute. 1. A Hénon-like multidimensional map, whose dynamic equation is as follows: 2. Let 256 -bit binary number and its corresponding decimal number be I and D respectively, and the mapping relationship can be described as follows: (1) Generate a random iteration number using the uniform distribution generating function Randi in Matlab N 1 (3≤N 1≤ 13). (2) Use the system output at the moment to randomly generate the selected dimension of the initial value (idxo)s=x(N 1)+y(N 1)+z(N 1) idxo=mod(s, 3)+1 35

UTEX --- A Decentralized AI Smart Asset Trading Platform (3) Use the signals of the other 2 dimensions to generate 2 random numbers (seg 1, seg 2), for example: idxo = 2, (select i from the x dimension as the initial value), then seg 1 = mod(x(N 1), 12) seg 2 = mod(z(N 1), 12) (4) Treat I as 32 8 -bit blocks, and use seg 1 and seg 2 to divide I into 3 blocks. I 1=slit(I, seg 1), I 2=slit(I, seg 2), I 3=slit(I, seg 3 ) Where seg 3=256 -seg 1 -seg 2 (5) Use I 1, I 2, I 3 to generate " scaling value of the system parameter " (var -par), "system iteration number" (val-N), and " scaling value of the system initial value" (val-ini) respectively. (6) Use val-par, val-N, val-ini to initialize the hyperchaotic system and perform calculations, select the idxo-th dimension signal as the output, and generate an integer between 1 -101, namely D, through exchange operation. The chaotic mapping is deterministic, so all miners get a completely consistent sorting result through their own calculations. The stability and security of the system have been achieved under the premise of decentralization. 5. 6 Dynamic price formation in a decentralized system Every individual is a service provider and buyer, or a buyer and a seller. The core of the decentralized market is the price adjustment mechanism, and the price will be self-organized in a dynamic balance. UTEX uses the idea of mean-field game theory to study the problem of dynamic price formation in the decentralized trading system. This model is also known as the Lasry-Lions price formation model. Assume that price preference has a certain degree of randomness. Use the density function ∫, f to describe the number of buyers and sellers respectively. t represents time and x represents price. For example, J(x) represents the number of buyers when the time is t and the price is x. Use p(t) to describe the price generated in the dynamic equilibrium process. 36

UTEX --- A Decentralized AI Smart Asset Trading Platform The multiplier λ is used to describe the number of transactions at time t. a is used to describe randomness, and δ represents a dela function. Given the initial conditions f(x, 0)=fm, f(x, 0)=f, this system of equations is similar to the one-dimensional heat conduction equation, but its difficulty lies in the emergence of the free boundary value problem. The free boundary value problem is the core problem in the modern theory of partial differential equations, which originated from the phase transition problem in physics and has wide applications in many fields today. In the decentralized blockchain system, due to the adoption of distributed accounting, each node can dynamically adjust its own behavior through the transaction information it masters, so this is essentially a Bayesian feedback control problem. That is, participants can adjust their strategies in real time through the posterior probability to maximize their profits. UTEX will introduce a dynamic price equation model with Bayesian control system in the follow-up work, and closely integrate blockchain technology with artificial intelligence and deep learning technology. 5. 7 Platform features Based on the design of “P 2 P node network, consensus mechanism, chain structure combining sub chain and main chain, chaotic ordering” and other technologies, the application platform constructed by UTEX has the following characteristics: high performance, high value, high-speed access, and highly efficient operation. High performance We integrate the bittorrent protocol in the TRON public chain (bittorrent protocol is known as the originator of the P 2 P node network), and use advanced consensus mechanism + cryptography technology to change the network authentication method to increase throughput. Failures are inevitable for other architectures to ensure data consistency and security through cryptography and DPOS consensus. But for the distributed P 2 P network of the blockchain, there is basically no single point of failure. Even the frequent advance and retreat of nodes will not affect the entire system. 37

UTEX --- A Decentralized AI Smart Asset Trading Platform High value If the consensus mechanism is the core of the blockchain, cross-chain is the key to the realization of the blockchain value network. UTEX achieves a high-value blockchain Internet through cross-chain technology to independently verify nodes in the chain, conduct decentralized input, and obtain and verify information from the world outside the chain. Based on the cross-chain mechanism of the underlying blockchain, UTEX can provide data services to the entire ecosystem and realize the transfer and intercommunication of data within and outside the chain. High-speed access The business logic is generated through the visualized page and the unique code on the UTEX platform, and the parallel processing of block data is optimized with the help of the underlying blockchain facility. It can support second-level confirmation and strong transaction processing throughput. Users can participate in the global consensus system and UT Token ecosystem operation through nodes. Users no longer need any cumbersome operations or any hardware devices when participating in the experience, with only one click to easily access to blockchain applications. Highly efficient operation UTEX provides general and efficient information collection components, which are deployed in the business layer, consensus node, and ledger storage layer. The information collection team displays the ecosystem information, node usage status (node visits, access time, node status) and usage (business visits, success rate, time-consumption distribution) to the home page in real time, so as to provide a good Blockchain network. A unique governance strategy can encourage nodes to comply with community rules and use unique consensus algorithms and blockchain smart contracts to ensure the normal operation of the UTEX platform. 5. 8 Technical advantages Looking at the undervalued global ecosystem assets, all have the potential to increase multiple times and the long-lasting benefits of the industrial ecosystem. The global digital asset trading market has great development potential and market space. UTEX platform, based on the current industrial situation of digital asset trading, will enable the trading market with token economy, which will surely drive the development of more users, participants and the entire blockchain digital asset trading market. UTEX will have the following technical advantages when driving the development of the blockchain digital asset trading market based on blockchain technology: 38

UTEX --- A Decentralized AI Smart Asset Trading Platform 1. Decentralization: In the token economy, distributed accounting and storage is employed, and there is no centralized hardware or management organization in the system. The rights and obligations of any node are equal. The data block in the UTEX system is jointly maintained by the nodes with maintenance functions in the system. Combining this in the advertising market will bring more fairness and impartiality. 2. Openness: The system of the token economy is open. Except that the private information of all parties in the transaction are encrypted, the data of the blockchain are open to everyone, and anyone can query the blockchain data and develop related application through the open interface. Therefore, it can ensure that the information of the entire system of the digital asset trading market is highly transparent, and there are no black box operations at all. 3. Autonomy: As the blockchain adopts consensus-based specifications and protocols, all nodes in the entire system can exchange data freely and securely in a trustless environment, so that the trust in "people" has been changed to the trust in machines. Any human intervention will not work. Applying this in the digital asset trading market can bring more trust to each participant. 4. Tamperproof: Once the information is verified and added to the blockchain, it will be permanently stored. Unless more than 51% of the nodes in the system can be controlled concurrently, the modification of the database on a single node is invalid, so the UTEX system data based on the development of blockchain technology has extremely high stability and reliability. 5. Anonymity: Since the data exchange between the nodes of the blockchain follows a fixed and predictable algorithm, the blockchain network does not need to be trusted. The trading counterparty does not need to be trusted by the other party through disclosing their identity, and the trading is based on block addresses rather than personal identities. The platform combines the above advantages, and will bring more potential to users, participants and the entire digital asset trading market. It is precisely the token economy that empowers the value application of the digital asset trading market economy so that this platform can have more application scenarios. Tamperproof Anonymity Autonomy Decentralized Openness 39

UTEX --- A Decentralized AI Smart Asset Trading Platform Chapter 6. Application Scenarios 1. Application overview 2. Specific applications 40

UTEX --- A Decentralized AI Smart Asset Trading Platform Chapter 6. Application Scenarios 6. 1 Application overview The UTEX ecological services is all-encompassing, involving all aspects of life and all links of the blockchain ecosystem. Participants are not only users, institutions, blockchain enthusiasts and investment service providers, but also traditional industry giants seeking tokenized solutions to achieve new growth. In the UTEX ecological application, the platform starts from the user obtaining UT Token, tracks the tokens obtained by users based on blockchain technology, and records the circulation information of digital assets on the data chain. While ensuring user privacy, it also ensures the security of the UTEX ecosystem application platform, and each transaction data will provide traceability information for the next transaction. Users can obtain UT Token by registering the platform, sharing invitations, currency trading, liquidity mining, mortgage loans, etc. UT Token, as the value medium of the platform, not only promotes the communication between users and the platform, but also serves as a financial tool. Users can use UT Token to pay, trade, invest, manage wealth, etc. In so many application scenarios, it can promote UT Token to gain value promotion in the market circulation process. 6. 2 Specific applications UTEX is committed to creating a safe, reliable, fair and open, convenient and efficient blockchain decentralized ecosystem application platform for global users. UT Token is used as a bridge link to connect online and offline, virtual and real economy, 41

UTEX --- A Decentralized AI Smart Asset Trading Platform and discover the greatest value for every ecosystem participant, so that every investor enjoy a digital asset and derivatives trading experience beyond the industry level. Its specific applications are as follows: 1) Financial sector The financial service industry is the driving force of global economic development and one of the most centralized industries. The information asymmetry between the two parties in the financial market makes it impossible to establish an effective credit mechanism. There a large number of centralized credit and information intermediaries in the industrial chain, which slows down the efficiency of the system and increases the cost of capital transactions. Identity authentication Block Decentralized address behavior analysis Block Decentralized credit rating Evaluation result ad Bro User needs Block t cas Block Smart contract The UTEX financial public chain platform provides the possibility of a decentralized trust mechanism with the open, transparent and tamperproof properties of blockchain technology. Using distributed ledger technology can broadcast all processes on the blockchain across the entire network, and the impact of the default on the unique credit of the entire network will also be broadcast and permanently recorded on the blockchain, so the cost of default is extremely high. At the same time, decentralized peer-to-peer transactions greatly improve the execution efficiency of this process, so that individuals in the ecosystem can provide and enjoy various inclusive financial services conveniently, safely and flexibly. Various financial assets, such as equity, bonds, bills, warehouse receipts, fund shares, etc. , can be integrated into the blockchain ledger and become digital assets on the chain, which can be stored, transferred, and exchanged safely, efficiently and in a decentralized way with other individuals on the UTEX financial public chain platform. 42

UTEX --- A Decentralized AI Smart Asset Trading Platform 2) Cross-border payment Blockchain technology has outstanding potential advantages in realizing fund transfer, especially in cross-border payment business. It establishes direct interaction between cross-border counterparties, simplifies processing procedures, realizes real-time settlement, improves transaction efficiency, and reduces business costs. This promotes the development of business models such as cross-border Micro-payment. Decentralized transaction Distributed payment gateway Block UTEX ecological application platform realizes real-time processing of payment transactions through the circulation of UT Token, thereby improving efficiency and reducing costs. It can also desensitize and encrypt the privacy data of these users to prevent the leakage of user privacy information. 3) Lending is mining People live for pecuniary interests. UTEX is a decentralized exchange, and the issuance of governance UT Token has great advantages in exchange for stable currency. The platform will automatically distribute the token to both parties of the lending business according to a certain algorithm. As long as you are a UTEX user, whether you deposit or loan, you can automatically get UT Token. Since we are used to calling obtaining digital currency as mining, obtaining digital currency through lending is thus called “lending is mining”. The emergence of UT Token provides digital currency holders with a new way of asset appreciation. It provides a simple and quick way to token borrowers. For users familiar with De. Fi, users can mortgage their assets on the UTEX platform to obtain income, and the borrowers of the asset pay the corresponding interest. 43

UTEX --- A Decentralized AI Smart Asset Trading Platform Asset supply Liquidity mining Smart contract Block Block As such, liquid mining is to encourage users to directly expand business for the platform, with the super high income as a reward. This reward distribution process is also a mechanism for the generation and issuance of new tokens. Obviously, the significance of liquidity mining is to directly connect the business growth of the platform to the user contribution, and use tokens to reward users' contributions, thereby strengthening the value support and ecosystem effect of the platform. 4) Decentralized digital wallet UTEX financial public chain uses a decentralized mechanism to store data in each node. Modifying the data of any node does not change the overall data information of the UTEX sub-chain, so that all information can be permanently stored and cannot be tampered with. Wallet User Smart contract Digital assets Block Block UTEX Wallet uses this feature to ensure the holding value of UT TOKEN, so that the number and information of digital assets held by users in UTEX Wallet will not be tampered with by any party. 44

UTEX --- A Decentralized AI Smart Asset Trading Platform Moreover, UTEX Wallet has a large number of users and a large amount of computing power. It can prevent multiple attacks, and the user's transaction information can be guaranteed without any possibility of modification. It is also because of the characteristics of blockchain technology that users can centrally manage multiple types of digital assets on the Internet through UTEX Wallet, and view the detailed information of all digital assets in UTEX Wallet, which facilitates users' investment and transactions in digital assets. . 5) Decentralized exchange The UTEX financial public chain platform opens a decentralized exchange based on UTEX Wallet. In a decentralized exchange, the user’s assets are directly hosted in the user’s own wallet, which greatly reduces the risk of asset loss due to theft or deceit in the exchange. The matching transactions completed through smart contracts and the settlement and clearing completed on the chain not only have improved transparency, but also have greatly reduced dependence on the central intermediaries. Bro ast adc UTEX purchase order Decentralized smart transaction contract Block Block The digital assets obtained through transactions, or transfer through the wallet address, different tokens can be exchanged through the wallet exchange function. In the future, the financial public chain platform will add more trading areas to provide users with better and more comprehensive currency trading services, so that users can circulate their assets more conveniently, quickly and fast. 6) Wealth management services Concluding above, UTEX can be used in many application scenarios, even in any application scenario. Therefore, as the secondary TRON public chain, the team has deployed some nodes on the basis of the public chain TRON. The nodes obtain income through mining, 45

UTEX --- A Decentralized AI Smart Asset Trading Platform and are also responsible for maintaining the network security of the secondary UTEX public chain platform. Based on the support of the wallet service, the platform provides UT TOKEN users with stable investment appreciation. Users can pledge their own TOKEN to a highquality node in the platform through the wallet, helping to improve the computing power of the node in the entire network. The greater the proportion of TOKEN used for pledge, the more secure the network of the secondary UTEX public chain on the TRON public chain. The greater the number of pledged tokens, the greater the income obtained. All users who hold UT TOKEN can participate in the lock-up activities for appreciation, and obtain different income according to the number and time of locked UT TOKEN. These tokens will be released to users along with the income after the UT TOKEN is unlocked, thereby enhancing the frequency UT TOKEN use and promoting the sound development of the secondary UTEX public chain platform in the TRON public chain. Income Lock up Smart contract Node pledge Block In the future, with the continuous development and expansion of the UTEX financial public chain platform, UTEX will provide users with more types of financial management services based on cross-chain technology on the existing basis, and allow users to pledge any mainstream digital assets to high-quality nodes on the UTEX platform, and UT TOKEN users can obtain high and stable income through the pledge. 46

UTEX --- A Decentralized AI Smart Asset Trading Platform Chapter 7. Issuance Plan 1. UT Token 2. Total Issuance 47

UTEX --- A Decentralized AI Smart Asset Trading Platform Chapter 7. Issuance Plan Token is the only measure of value transfer and the medium of ecosystem circulation. Only by applying the token in the business model in the design and real application scenarios can the application value of ecosystem be realized. 7. 1 UT Token is the only official Token on all UTEX platforms. The Token developed based on the TRC-20 decentralized protocol of the TRON network bears the responsibility of connecting all business sections of UTEX and future UTEX BLOCKCHAIN incentives. Participation means value. Every user who participates in UTEX's platform construction and development has the opportunity to obtain platform benefits. Value manifestation: The platform UT Token is distributed according to the income of liquid mining, with no pre-mining, no team rewards, and no institution holding. All are produced through mining. Users will be allocated as many UT Tokens as they earn through mining. The main way is to mining through currency holding + mining through promotion + mining through lending. Token circulation is used to pay for liquidity mining income or other platform-based income. 7. 2 Total issuance 999. 9 million, with an initial issuance of 20 million. The issuance will be completed in 5 years. Except for the first issuance of 20 million, the remaining are all produced through mining. 48

UTEX --- A Decentralized AI Smart Asset Trading Platform Chapter 8. Strategic Planning 1. Management Organization 2. Development route 49

UTEX --- A Decentralized AI Smart Asset Trading Platform Chapter 8. Strategic Planning 8. 1 Management Organization In order to ensure the continuous, healthy and efficient development and operation of the community, the UTEX platform community will be managed by the Foundation Committee (hereinafter referred to as the UTEX Foundation Management Organization) in the United States, and a community governance committee will be established, in which the members will be elected by all community members and exercise power on behalf of all community members. Committee structure: As shown in the figure below, the committee has a steering committee with various functional committees under it. The steering committee is responsible for the overall affairs of the community, and each functional committee is in charge of community-related affairs. . UTEX Management Organization Steering Committee (responsible for all affairs of the community) Technical Committee Responsible for the development, testing and deployment of community-related platforms and systems Marketing Committee Responsible for community marketing, advertising and investment promotion Risk Control Committee Consultant Committee Provide strategic Provide risk analysis opinions and for various community suggestions for decisions and community development investments and planning Management regulations: UTEX formulates management regulations for community committees to ensure that they truly serve the entire community, maintain vitality at all times, and can play a positive role in the development of the community. Community committees will receive the democratic will of the community more as an organizer rather than a decision maker, use a fair and transparent mechanism to ensure community operations, implement community intentions, and fulfill community missions. 50

UTEX --- A Decentralized AI Smart Asset Trading Platform 8. 2 Development route With this, we believe that the UTEX ecological application platform will promote the application of blockchain in the digital asset trading market and create a safe, reliable, fair and open, convenient and efficient blockchain decentralized smart contract transaction platform based on user needs. For this reason, our development team, as avid Internet and blockchain enthusiasts, will invest 100% of our enthusiasm and resources to realize our vision and goals, and work with UTEX users to disrupt the dominance of the traditional centralized platform, and break new ground for the global digital asset trading market. Development Route of UTEX Decentralized Smart Transaction Platform March 2020 Conduct market research on the digital asset trading platform and determine the direction of the UTEX platform. June 2020 Determine the preliminary scheme, write the plan, carry out the blockchain technology research and development, and build the environment for software development. October 2020 March 2021 December 2021 Launch the first version after internal test and public • conduct market promotion to increase users. Launch Version 2. 0 • This version is transparent with more detailed data, and highly accurate to improve user stickiness. Work the layout the industrial chain, integrate market resources, carry out business cooperation on a global scale, and expand the global ecosystem. December 2020 Complete the establishment of basic framework of the UTEX trading ecosystem • Improve the closed-loop ecosystem construction at a significant scale. March 2022 September 2021 Develop the UTEX public chain, further improve the application scenarios on the original basis, and continue to increase token value. Complete the global UTEX layout, make UT Token the global mainstream digital currency, and strive to once again create another miracle in the blockchain industry. 51

UTEX --- A Decentralized AI Smart Asset Trading Platform Chapter 9. Team 1. Founding Team 2. Project consultant 3. Investment institutions 4. Cooperative partners 52

UTEX --- A Decentralized AI Smart Asset Trading Platform Chapter 9. Team 9. 1 Founding Team UTEX has a super start-up team. The main leadership members of the team are top talents in the field of digital technology from multiple countries. They have senior experience in system security, microsecond level high load, financial security, etc. , and have industry-leading technical strength to support concurrent online trade for millions of people, and the bank-level security protection system to strictly protect user assets. All members of the team come from world-renowned Internet and financial industry practitioners, and graduated from world-renowned universities. They have an extremely cutting-edge knowledge system structure and extremely complete technical reserves, have strong 1. 创始团队 research and development capabilities, and can realize the layout and application of the latest technology. The team has many partners in the global blockchain and traditional 2. 项目顾问 financial industry, including but not limited to various financial institutions, venture capital institutions, investment funds, media units, virtual currency mining pools, etc. , which lays a solid foundation for the 3. 投资机构 future business development of the platform. The team is not only specialized in smart trading platforms, but also has separate 4. source code development, digital payment, and various 合作伙伴 development of DAPP smart wallets. The team also focuses on the expansion and development of the blockchain Defi field and blockchain games and malls. The market of the team project covers the whole world, with popularity in Europe and North America, and focuses in building Asian market, mainly South Korea, Thailand, Japan and China. 53

UTEX --- A Decentralized AI Smart Asset Trading Platform Vansa Chatikavanij Co-founder Master of Earth and Environmental Resources from Columbia University in New York City. She used to be a researcher and project manager of the Capital Laboratory of the World Bank Group, and a full-time researcher to achieve financial inclusion and interoperability through the public, decentralized OMG network. Cory Johnson Co-founder Chief market strategist, he worked as a hedge fund portfolio manager at Kingsford Capital Management, and as a reporter for high-growth technology companies at Bloomberg and CNBC. Sandi Kochhar Co-founder She holds multiple leadership positions in enterprise software companies such as Atlassian and Success. Factors. In each role, she helps companies expand leads global expansion, mergers, acquisitions and integration, and IPO-related activities. 54

UTEX --- A Decentralized AI Smart Asset Trading Platform 9. 2 Project consultants Robert Graham Expert consultant Robert is a retired business executive who has spent more than 40 years in the UK banking industry and now holds a senior management position in the a Credit Association. He has extensive expertise in risk management, balance sheet management, management accounting and other CFO businesses, and will provide valuable advice for businesses related to this field. Dorothy Lay Expert consultant Dorothy has nearly 10 years of experience in the financial services field. She has served as a consultant for more than a dozen multinational companies in Hong Kong and New York, specializing in market expansion strategies, customer segmentation, business roadmaps and project management. Dorothy has precious experience in strategy and business development and project management. Liangliang Wong Expert consultant With nearly 15 years of international qualifications, she has been engaged in internal and external management consulting business, involving banking and insurance. She focuses on business strategy and operations, strategic transformation plan management and mergers and acquisitions consulting, involving multiple functional areas in the financial services industry. 55

UTEX --- A Decentralized AI Smart Asset Trading Platform 9. 3 Investment institutions 1 kx: An early crypto fund founded by Lasse Clausen and Christopher Heymann. Binary Financial: A provider of excellent returns for clients and partners in the field of digital assets. Dekrypt Capital: Focus on blockchain infrastructure, privacy protection technology and earlystage venture capital. Digital Currency Holdings: DCH, an Australian crypto digital investment agency. FBG Capital: A well-known digital asset fund in China's blockchain industry. Huobi: A leading digital asset financial service provider in the world. Kenetic Capital: A venture capital company focusing on blockchain technology. Polychain Capital: A provider of rich returns to investors by actively managing the investment portfolio of blockchain assets. Tetras Capital: A hedge fund publishing industry research reports frequently based in New York. Nue. Value Capital: A provider of real value for blockchain innovation. Binance Labs: A social impact fund under Binance. 56

UTEX --- A Decentralized AI Smart Asset Trading Platform 4. Partners UTEX is an important scenario application based on the Tron ecosystem construction, so there are many support and cooperation partners participating in the construction. The partners come from members of the Tron Foundation from many countries around the world, including language translation, front-end technical support, back-end technical support, and community opinions collecting, blockchain technical support and other outstanding talents. These cooperative institutions and members have been actively participating in the ecosystem construction of TRON. There are more than 30 people in the UTEX core team, sharing various technical issues every day and every moment to make the Tron ecosystem perfect. 1. 创始团队 2. 项目顾问 3. 投资机构 4. 合作伙伴 57

UTEX --- A Decentralized AI Smart Asset Trading Platform Chapter 10. Social Responsibility 58

UTEX --- A Decentralized AI Smart Asset Trading Platform Chapter 10. Social Responsibility As a milestone in the development of smart finance, UTEX's decentralized smart digital asset trading platform promotes direct finance and inclusive finance. In addition to pursuing corporate success, major institutions and blockchain technology startup companies also need to assume certain social responsibilities, and jointly maintain a healthy industry ecosystem, and provide a good environment of trust and innovation. 1. The balance between profit and responsibility 2. Make industry standards clear The digital asset industry may touch some The development of blockchain technology ethical and social responsibility issues, which is an inevitable trend. It is impossible for us may adversely affect smart finance and to resist development in order to avoid restrict its development. For example, many problems. Instead, we should effectively organizations have mastered customer data. guide and reduce losses as much as How to ensure that customer privacy is not possible. Taking data protection as an leaked while using the data, and how to better example, a data sharing mechanism should realize the sharing and use of data under the be established, industry regulations should conditions of legal compliance are questions be clarified, and companies should continue worth thinking about. For some companies to advocate the use of big data in with weak social responsibility, the sale of big compliance with regulations to promote the data for profit makes people resist data healthy development of the industry. sharing. There are some virtual currencies or platforms without real life application scenarios 3. Fulfill corporate in the name of blockchain technology responsibility development which harms the interests of It is the responsibility of every enterprise to consumers through crowdfunding, and can ensure user information security and cause unemployment and other social maintain market order and stability. While problems. This is what the entire industry has developing new technologies, we should to face and resolve in the development pay attention to every detail of supervision, process. comply with regulations, and protect user privacy. It is a requirement not only for social responsibility, but also for a company to establish a good reputation and enhance its brand image. Companies that truly have a sense of social responsibility will make full use of data in this trend to bring civilized development and contributions to society. 59

UTEX --- A Decentralized AI Smart Asset Trading Platform Chapter 11 Disclaimer 60

UTEX --- A Decentralized AI Smart Asset Trading Platform 1) The content in this white paper is for reference only, and does not constitute any investment advice, abetting or invitation to sell stocks or securities in the UTEX team and related companies. Such invitations must be made in the form of a confidential memorandum and must comply with relevant securities laws and other laws. 2) The content of this document shall not be interpreted as forcing participation in the public issuance of tokens. Any behavior related to this white paper shall not be regarded as participating in the public issuance of tokens, including requesting a copy of this white paper or sharing this white paper with others. 3) The UTEX team will spare no effort to achieve the goals mentioned in the document. However, due to the existence of external factors, the team cannot make a complete commitment. 4) The UTEX team will continue to make reasonable attempts to ensure that the information in this white paper is true and accurate. During the development process, the platform may be updated, including but not limited to platform mechanisms, tokens and their mechanisms, and token distribution. Part of the document can be adjusted in the new version of the white paper as the project progresses. The team will publish the updated content to the public with announcements on the website or the new version of the white paper. Participants must obtain the latest version of the white paper in time and adjust their decisions in time based on the updated content. 61

UTEX --- A Decentralized AI Smart Asset Trading Platform 5) The value addition of UT Token depends on market rules and the application of the UTEX smart digital trading platform, and may also be affected by market participants. The team does not promise the value addition, and bear no responsibility to the consequences due to the value increase or decrease. 6) As the official token of UTEX's decentralized smart digital asset trading platform, UT Token is an important tool for the platform's effectiveness. Owning UT Token does not mean its owner has the ownership, control and decision-making power of the platform. As an encrypted token used in UTEX's decentralized smart digital asset trading platform, UT Token does not belong to any of the following categories of currencies: a) Securities b) Equity in legal entities; c) Stocks, bonds, notes, warrants, certificates, or other instruments granting any rights. 7) UTEX smart digital asset trading platform complies with any regulatory regulations and industry self-discipline declarations that are conducive to the healthy development of the industry. Participants' participation means that they will fully accept and comply with such inspections. At the same time, all information disclosed by participants to complete such inspections must be complete and accurate. 8) UTEX's decentralized smart digital asset trading platform clearly communicates possible risks to participants. Once a participant participates in the exchange, it means that he has confirmed that he understands and recognizes the various terms and conditions in the detailed rules, and accepts the potential risks of the platform at his own risk. 62

UTEX --- A Decentralized AI Smart Asset Trading Platform Concluding remarks Dear fellows, The prosperity of the market depends on the depth and breadth of transactions, and the breadth depends on the willingness and experience of individual C-end users. The expectations of UTEX's decentralized smart digital asset trading platform are to constantly create miracles through the use of smart technology, to provide a stable and secure platform for future smart finance and asset digitization, and to create a blockchain financial management ecosystem. The original intention of the UTEX project is to broaden its breadth and promote market prosperity, empower users with technical means, so that they have the willingness and ability to build a win-win situation with all participants. As a brand-new blockchain financial ecology, UTEX will provide global users with value that will greatly exceed any other blockchain in the market. "Wisdom lies in technology and winning lies in application". It is our instinct to get victory by exploiting and developing smart technology and using it properly. We will always uphold the principles of having awe in technology, being pious in sermon, following logic and reaching real consensus to lead UTEX to create miracles in a new era. Here, I would like to advance with all my fellows in the industry, and hope that talents can support and join us. I express my sincere gratitude and invitation to you all. Thanks again! 63

UTEX --- A Decentralized AI Smart Asset Trading Platform