The Completely Game-Changing Exchange.

Just Win or Claim. No Loss Here.
*Earn 15% More VIRC Now (Only in Advanced Sale Round)

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From: Aug 16, 2018, Wednesday, 2:00 PM (GMT)

To: Sep 14, 2018, Wednesday, 2:00 PM (GMT)

VIRC Public Advanced Sale Round

System Specifications Blue Paper

and

Investment Guidelines

IMPORTANT
VIRC Public Advanced Sale Round is NOT an ICO.
This paper is NOT an ICO White Paper.

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 Table of Contents

1. System Specifications Blue Paper

a. Overview
b. Pool Redemption System (PRS)
c. Advantages of PRS and Virchip (VIRC)
d. VIRC and Off-Chain Technology
e. Trade 60+ Cryptocurrencies
f. Hot-Cold Security
g. IVO
h. Global Currency Exchange
i. Fee Schedule

2. VIRC Investment Guidelines

a. Important Points to Note
b. Invest in the Advanced Sale Round Investment and
the Referral Programme
c. Trading Cycle Re-opening and Trading Pairs
Available

3. Basic Company Information


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Section 1
System Specifications Blue Paper

Page 4 of 28
 Section 1a

Overview of Virch
Meet the Game-Changing Exchange

Virch is a completely game-changing exchange for investors

to trade digital assets where they can also choose to claim
back the value of the asset. We maximise every investment's
profits and minimise risks of sudden price shocks with the
help of PRS and off-chain technology. With this epoch
making financial trading system, investors can averagely
make 32%-97% more profit here than other exchanges.

Investors can trade all kinds of virtual assets, no matter

crypto or not, on Virch to enjoy the financial privileges.
Despite trading, Virch also applies its expertise in the area
of ICO and effectively protects investors’ interests. We also
use the advanced hot-cold cyber security system to prevent
any cyber security problems. Here are the core elements on
Virch:

✓PRS ✓Off-Chain Technology

✓Virchip ✓IVO

✓Hot-Cold ✓Applicable to Crypto or

Security Non-Crypto Virtual Assets

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 Section 1b

Pool Redemption System

Just Win or Claim. No Loss Here.

All investors successfully made 32%-97% more profits in

our internal financial experiment with this win-or-claim
system. How? In short, we link the profit-taking method to
60+ cryptocurrency market-independent systems which
100% stably accumulates in value over time.

Apart from traditional exchanges, Virchip (VIRC) is the sole

trading medium on Virch, any other kinds of digital assets
will always be traded against VIRC, acting as the price, for
example VIRC/BTC. 2 kinds of fees will be collected per
transaction: 1) Usual Commission Fee Collected by Virch
(0.25% or less for market makers, 0.35% or less for takers)
and 2) Pool Contribution Collected by the Crowd (0.25%).
You may learn more about the fees in the fee schedule
section.

Also, different from traditional exchanges, we have trading

cycles for each trading pair. Each trading cycle lasts for 360
days. The trading market is open 24/7 during the trading
cycle, otherwise all trading activities (except advanced
purchase rounds) will be stopped.

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 Section 1b

The 0.25% pool contribution collected in each transaction

will accumulate in the redemption pool during the trading
cycle. As we are introducing 60+ cryptocurrencies to our
platform, it means that the redemption pool will be
accumulated by 60+ different trading markets. Once the
trading cycle ends, the redemption period immediately
begins. Each holder of that particular asset can choose to
either

a) claim the pool value, then an amount equivalent to the

portion of VIRC he holds will be deposited to his
account, and the VIRC redeemed will be reallocated to
the assets fund of Virch, or
b) keep holding VIRC, then his portion of pool will be
redistributed to the reserves of Virch.

Buyers from Sellers from

60+ Assets 60+ Assets

0.25% 0.25%
Contribution Contribution

Pool

Redeem
OR

Next Trading Hold

VIRC Holders
Cycle
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 Section 1c

Advantages of PRS and Virchip

More Profits and Less Risks

PRS provides a major break-through that helps investors

capture more profits or hedge risks against the fluctuating
market.

It leads to 3 major results which makes Virch the real game

changer in this industry:

1. Holding VIRC represents the right to claim from the

pool. Investors have a much lesser risk of losing the
value of the asset due to global market fluctuations.

2. Acting as the sole trading medium on our trading

platform, VIRC’s intrinsic value is backed by 60+
independent trading activities of the world’s most
renowned cryptocurrencies. Hence, the value of VIRC
must stably increase over time in each trading cycle
because the amount in redemption pool will accumulate
through every trading activity by the 60+ assets.

3. As Virch grows and introduces more and more assets to

the trading platform, the size of the redemption pool
will become bigger and bigger. As a result, the intrinsic 

Page 8 of 28
 Section 1c






value of VIRC also increases alongside the growth of
our company.

The above 3 results can let investors:

1. Hedge the great market risks of any kind of

cryptocurrencies here as PRS can act as a financial
insurance system to let investors claim from the pool
even if that virtual asset experiences a price shock in the
global market.

2. Make more profits by capital gain as the value of VIRC

and redemption pool must accumulate in each trading
cycle, thanks to the 60+ trading histories of the world’s
most renowned cryptocurrencies. Alongside the long-
term growth of Virch, the value of VIRC will also be
positively reflected.

Claim from the pool to Win by steady capital

hedge the market risk or gain of VIRC from
even loss. ongoing trading activities
of 60+ cryptocurrencies
and introductions of new
types of trading assets.

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 Section 1d

VIRC and Off-Chain Technology

The Rising Star of Virtual Assets

Virchip (VIRC) is a tradable virtual asset issued by Virch,

acting as the sole trading medium on our trading platform.
It adopts the off-chain technology to become one of the
most price shock resistant virtual assets in the world.

Investors can purchase Virchips (VIRC) and trade on Virch

with other digital assets. The trading market, of course, is
run under PRS. Ownership of VIRC represents the right to
claim from the pool. Advantages and characteristics of
VIRC can be read above in the sections about PRS.

Unlike cryptocurrencies, Virchips cannot be traded on

other exchanges or wallets (unless Virch has granted them
the access key), because it adopts an off-chain technology -
the asset is completely taken off from the world’s blockchain
system, and hence one can only trade the asset on specific
exchanges or wallets with the granted access key. The major
advantage of it is to semi-centralise the trading activities, so
that the asset can 100% trade under PRS, which makes the
win-or-claim system possible. We aim to make VIRC the
world’s best risk-hedging virtual asset.

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 Section 1e

Trade 60+ Cryptocurrencies

Only Very Few Exchanges have this Huge Variety

Virch joins the very few exchanges to allow this huge variety
of trading markets. With this kind of variety, investors who
are particularly interested in small cap altcoins can be well
accommodated.

Of course, every trading market is operated under Virch’s

unique Pool Redemption System with VIRC. Hence, the
trading markets of altcoins have never been any financially
safer as its potentially high risks, came with great market
uncertainties, can be effectively hedged and shifted on
Virch.

On the other hand, with much more markets opened up on

Virch (and will certainly be more than 60 as Virch grows by
time), given that PRS is heavily linked to the trading
activities of different assets, the value of VIRC will be
backed by a large variety of leverages and continually rise
in the long term as the pool of PRS grows incrementally
time by time.

Each trading market opens up is a great value added to

VIRC, as well as every investor.


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 Section 1f

Hot-Cold Security
1st Priority: Cyber Security

Some may question that, without the blockchain network

behind, is it really safe to keep my assets here? Yes, 100%
safe. Because we use the hot-cold security system as most
top-tier cryptocurrency exchanges and wallets use.

Hot-cold security system is commonly adopted by most of

the world’s cryptocurrency exchanges and wallets. We don’t
put all eggs in one basket.

“Hot” here means online, while “cold” here means offline.

We store your information, including your digital assets, in
both online and offline storages. This can effectively avoid
cyber attacks because every data has its own cold backup.
Cyber security is always our 1st priority.


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 Section 1g

IVO
No More ICO Frauds

With PSR2 and off-chain technology, we will apply our

expertise to prevent ICO frauds. IVO is the future.

Unfortunately, ICO frauds are not uncommon. Hit-and-run

strategies are often adopted by scammers and investors’
money is gone and untraceable given the nature of
blockchain.

Virch plans to apply our expertise to prevent ICO frauds in

2019. By implementing IVO (Initial Virch-secured
Offerings), investors’ interests can be well protected as the
virtual asset’s value can be guaranteed and tradable for at
least 12 months.



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 Section 1h

Global Currency Exchange

Extra Trading Volumes - A Complete Ecosystem

Virch will launch this project in late 2019 or early 2020. By

then, the financial ecosystem of Virch will be completed.

The global currency exchange aims to attract travellers with

one of the lowest costs in the market. We plan to set up
currency exchange ATMs in some of the most popular
airports like New York, Tokyo etc. These ATMs can
facilitate smooth and low-cost operations, and at the same
time solve the major problem that the current low-cost
currency exchange startups (e.g. TransferWise) are currently
facing: most of the travellers do not have bank accounts in
that foreign country so they cannot receive the money
through those companies.

The whole currency exchange system works closely with the

trading platform: travellers buy in VIRC with their original
currencies and sell VIRC in the trading market for the
foreign currencies and collect the money in ATMs. This
provides an extra steady source of huge trading volume for
VIRC because aside from cryptocurrency investors, a large
group of individuals with relatively high dispensable income
are also involved in the unique trading system of Virch. The
whole financial ecosystem will then be completed.

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 Section 1i

Fee Schedule
Transparent Pricing for Every Trade

All Trading Pairs (CUMULATIVE)

Taker: Commission Fee Maker: Commission Fee

+ Pool Contribution + Pool Contribution 30 days USD volume
(Redeemable) % (Redeemable) %
0.35% + 0.25% 0.25% + 0.25% < $20,000
0.34% + 0.25% 0.24% + 0.25% < $100,000
0.32% + 0.25% 0.22% + 0.25% < $200,000
0.30% + 0.25% 0.20% + 0.25% < $400,000
0.25% + 0.25% 0.15% + 0.25% < $600,000
0.24% + 0.25% 0.14% + 0.25% < $1,000,000
0.23% + 0.25% 0.13% + 0.25% < $2,000,000
0.22% + 0.25% 0.12% + 0.25% < $4,000,000
0.21% + 0.25% 0.11% + 0.25% < $20,000,000
0.20% + 0.25% 0.10% + 0.25% > $20,000,000

Please Note: All non-USD trading volumes are converted to

USD using a spot exchange rate at the time of each trade.

Market makers and institutional clients that expect to be

trading higher volumes than those specified in the Unified
Fee Schedule should contact support@virch.xyz for a
customised fee arrangement.

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 Section 1i

Deposit Fee

Free for all types of assets.

Withdrawl Fee

0.25% for all types of assets.

What is Pool Contribution?

Please refer to P.6-7 of this document, under section 1b:

“Pool Redemption System”. 


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Section 2
VIRC Investment Guidelines
Page 17 of 28
 Section 2a

Important Points to Note

Investors please carefully read the following important

points to note. All points to note laying down here are
legally binding.

1. Virch is a limited company based in Hong Kong and

regulated by the HKSAR laws.

2. Virch complies with all the regulations and guidelines

issued by the Hong Kong Securities and Futures
Commission regarding trading activities of digital
assets.

3. Virchips (VIRC) Advanced Sale Round is NOT an

initial coin offering (ICO). Virch has already completed
its initial investment round in October, 2017.

4. This paper is NOT an initial coin offering white paper.

It is a bundle of a) system specification blue paper,
which specifies how the different components of Virch
operates, and b) investment guidelines, which give
instructions of investing in the VIRC Advanced Sale
Round.

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 Section 2a

5. Virchip (VIRC) is merely a virtual asset acting as the

trading medium on Virch’s trading platform. It does
NOT constitute any legal form of securities issued by a
limited company defined in Hong Kong.

6. Ownership of Virchip (VIRC) represents the right to

redeem the equivalent portion of pool in the Pool
Redemption System (PRS) (relative details please read
P.6-10 under sections 1b, 1c and 1d). This redemption
right, however, does NOT constitute any share of
profits of the company. The pool contribution collected
is NOT part of the company’s profits. It is part of the
PRS mechanism.

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 Section 2b

Invest in the Advanced Sale

Round and the Referral
Programme

Referral Programme: Earn up to 90% More

The VIRC Advanced Sale Round consists a referral

programme to reward early investors. Any investor in this
round can freely refer other investors to join this advanced
sale round. Procedures are as below:

1. Provide your account username to the investor you

intended to invite.

2. Remind the invited investor to type your account

username in the “Referral ID” column when he
registers an account on Virch.

3. The invited investor must successfully purchase VIRC

within the advanced sale round.

4. You and the invited investor both earn 15% more

VIRC after the invited investor successfully purchased
VIRC within the advanced sale round.

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 Section 2b

* All investors WITHOUT referral ID can still get a 15%

early sale bonus upon successful advanced purchase of
VIRC within the advanced sale round. 

However, this early sale bonus cannot be used if the
investor has registered a referral ID.

* Each investor can earn a maximum of 90% more VIRC

as referral bonus. Any referrals exceeded the maximum
bonus will not be rewarded.

* All bonuses will be calculated based on the total amount

of VIRC the investor purchased within the advanced sale
round.

Purchase with ETH

ETH Wallet Address:

0x3020a00F5Aa6976eE68B62f8cBb64ce25ea07Da6

Start: Aug 16, 2018, Thursday, 2:00 PM (GMT)

End: Sep 14, 2018, Friday, 2:00 PM (GMT)
Exchange Rate: 1 VIRC = 0.00025 ETH
Gas Limit: 39000
Virtual Asset: VIRC
Virtual Asset
18
Decimal Places:

Page 21 of 28
 Section 2b

* Make sure you SEND ETH, NOT BTC OR OTHER

VIRTUAL ASSETS, to this wallet address. We do not
hold any liabilities to your loss due to transaction errors.

* Make sure the GAS LIMIT is 39000.

* Make sure to keep your PRIVATE KEYS for the address

used to send Ether to Virchips advanced purchase address
SAFE AND SECURE.

* Make sure NOT to send ether to Virchips advanced

purchase address FROM WALLETS HOSTED BY
EXCHANGES, be sure you always use your private keys.

* The VIRC you purchased will be sent to your VIRC

wallet, safely hosted by Virch, 1 week before the trading
cycle re-begins (Nov 13, 2018).

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 Section 2b

Purchase with BTC

BTC Wallet Address:

1DwNvt9vBV81Kd8GrpfoQFpKtCXChuDSQq

Start: Aug 16, 2018, Thursday, 2:00 PM (GMT)

End: Sep 14, 2018, Friday, 2:00 PM (GMT)
Exchange Rate: 1 VIRC = 0.000011 BTC
Virtual Asset: VIRC
Virtual Asset
18
Decimal Places:

* Make sure you SEND BTC, NOT ETH OR OTHER

VIRTUAL ASSETS, to this wallet address. We do not
hold any liabilities to your loss due to transaction errors.

* Make sure to keep your PRIVATE KEYS for the address

used to send Bitcoin to Virchips advanced purchase
address SAFE AND SECURE.

* Make sure NOT to send Bitcoins to Virchips advanced

purchase address FROM WALLETS HOSTED BY
EXCHANGES, be sure you always use your private keys.

* The VIRC you purchased will be sent to your VIRC

wallet, safely hosted by Virch, 1 week before the trading
cycle re-begins (Nov 13, 2018).

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 Section 2c

Trading Cycle Re-opening and

Trading Pairs Available

Trading Cycle Re-opening

The trading cycle will re-begin at:

13 Nov, 2018, Tuesday, 2:00 PM (GMT).

Since this is the first time we open up the trading platform

to the global market (previously opened to private investors
in Hong Kong only), software and security updates are
needed to accommodate the huge group of investors.

All VIRC purchased in the advanced sale round can be

traded once the trading cycle re-opens.

Trading Pairs Available

Once the trading cycle re-opens to the global market, 6

trading pairs will already be available. These 6 trading pairs
will be an important reference for us to further integrate
more digital assets into our platform.

As for the the schedule to include 60+ cryptocurrencies in

our platform is by March, 2019. We are speeding up the

Page 24 of 28
 Section 2c

integration work in the fullest capacity so that PRS can

work out its best functions to back the value of VIRC and
let investors profit more and risk less. We need a few months
to complete the whole process because of technical and
security reasons. We insist to provide the best to every
investors.

Below is the complete list of trading pairs and their planned

available time:

*Among all trading pairs, VIRC is always against another

asset - VIRC as the trading asset and the other asset as the
“price”, all presented as VIRC/(asset).

Available in November - VIRC/:

Ethereum (ETH) Bitcoin (BTC)
Ethereum Classic (ETC) Bitcoin Cash (BCH)
Dash (DASH) Litecoin (LTC)

Available in December - VIRC/:

Ripple (XRP) EOS (EOS)
Stellar (XLM) Cardano (ADA)
MIOTA (IOTA) NEO (NEO)
Monero (XMR) TRON (TRX)
Zcash (ZEC) 0x (ZRX)
OmiseGo (OMG) Verge (XVG)
Ardor (ARDR) NEM (XEM)

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 Section 2c

Available in January - VIRC/:

QuarkChain (QKC) VeChainThor (VET)
Nebulas (NAS) ChainLink (LINK)
ICON (ICX) Ontology (ONT)
NANO (NANO) Zclassic (ZCL)
Aeron (ARN) Augur (REP)
Wancoin (WAN) Basic Attention Token (BAT)
Dogecoin (DOGE) Civic (CVC)

Available in February - VIRC/:

US Dollars (USD) Euro (EUR)
aelf (ELF) Holo (HOT)
Zilliqa (ZIL) Gifto (GTO)
Nuls (NULS) Selfkey (KEY)
DOCK (DOCK) Aeternity (AE)
Pundi X (NPXS) Mainframe (MFT)
Enigma (ENG) Everex (EVX)

Available in March - VIRC/:

ETHOS (BQX) Lunyr (LUN)
Walton (WTC) AdEx (ADX)
IOStoken (IOS) Status (SNT)
Verge (XVG) Qtum (QTUM)
Etherparty (FUEL) Nucleus Vision (NCASH)
Moeda Loyalty Points (MDA) OST (OST)
Viberate (VIB) AION (AION)

Page 26 of 28
Section 3
Basic Company Information
Page 27 of 28
 Section 3

Basic Company Information

Virch is a limited company registered in Hong Kong

(Company Registration Number: 2641059).

It is founded by a team of former professionals in the legal

and financial fields. They gained incomparable experiences
in the industry’s top-notched firms like the international
legal firm Davis Polk & Wardell LLP and the investment
bank J.P. Morgan & Chase. The founders later formed a
technical team in 2017 with the top software engineers in
Hong Kong.

Virch has completed the initial round investment in

October 2017. After around 5 months of preparation, it
launched the first trading cycle and private sale round on
5th March. Over 10% of the total VIRC were sold in this
small-scale yet successful round.

Virch has always wanted to build a game-changing

exchange to make the cryptocurrency trading market more
financially secure with the assistance of the innovative
trading systems.

Just Win or Claim. No Loss Here.

Welcome to the trading world of tomorrow.

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