White Paper

  • Distributed energy platform based on smart contract
  • 01-08-2018  ver.1.2.7

The content described in this document is for informational purposes only and Torus Project Team assumes no responsibility for any information, whether explicit or implied. The information contained in this document is subject to change without notice.

  • In November 2008, Bitcoin was born by whitepaper "bitcoin a peer-to-peer electronic cash system" announced by Nakamoto Satoshi. Since then, the blockchain technology has attracted more attention and has contributed to the expansion of the entire FinTech industry market including encryption currency. However, behind the birth of bitcoin, the founder of these projects, and the cryptic currency, there are various reasons and thoughts. Therefore, to understand the original Bitcoin based on technology and thoughts, we understand it from not a mere speculative point of view, but, it is necessary to have a deeper understanding of the financial history described below.
  • From barter, the first economic activity in mankind, human beings have created and used the concept of money in the process of pursuit of the convenience of transactions. Seashells and animal bones and stones as the ancestor of money gradually changed to highly demanding items such as cloth, paper, grain, and livestock, that is, commodity currency. It finally created metal coins such as currency by weight and coined money with the evolution of the times and the development of technology. However in the 16th century the development of letterpress printing technology and papermaking technology resulted in a further transformation of money and banknotes were born. However, behind the birth of banknotes, there were many incidents happened. And through these incidents, the foundation of capitalism that continues to the present age and a centralized financial structure including partial reserve system were established.
  • Centralized monetary structure and capitalism contributed to the development of an expanding economy, but on the contrary, they established a modern economic structure that repeats inflation and bubbles, recession and booming. There were also many disadvantages such as creating vested interests groups.
  • On the other hand, Friedrich Hayek 's theory of liberalization of money issuance, which can be said to be the theoretical source of bitcoin caused a stir in such modern economic structure. Money issuance liberalization theory strongly criticized the monopolistic issuance system and partial reserve system of money by the central bank and promoted sound economic competition by recognizing the private and free currency issuance system by the private sector.
  • Unlike existing legal currencies, bitcoin, born of this idea, is resistant to fraudulent, such as double assignment, counterfeiting of currency, and falsification of transaction history, as well as being non-centralized and has attracted attention as a secure diversification type of system.
  • Cryptography and computer technology created a free and natural electronic money system. Such a bitcoin is approved by many people all over the world and has expanded its market size to about 260 billion dollars as of January 8, 2018.
  • In addition, the philosophy of "realizing the world without fraud by technology" has also influenced many engineers and business people including us, and has created various other projects utilizing block chains.
  • Meanwhile, we wanted to independently analyze the authoritarian centralized structure and vested interests problem in the world, and want to use blockchain technology to solve energy problems.
  • Currently, it is often caused by the inability to fully utilize energy in poverty worldwide, so if we can solve the energy problem, we can find a clue to solving poverty problems on a global scale.
  • However, in order to utilize actual energy, it is essential to build infrastructure such as electricity transmission network and power generation facility, but there is still a situation that infrastructure development is not done sufficiently in the world yet. For example, we can see many situations that wind power generation cannot be performed because there is no electricity transmission network even on a land that can fully receive the wind.
  • In order to solve such a problem, we are going to divide our TorusProject into several steps and execute it.
  • TorusNet: Name of Torus service and platform utilizing Ethereum
  • Toruscoin (TORUS): Unit name of token circulating in TorusNet
  • Trend of electricity consumption
  • Global electricity consumption has increased almost consistently. By age, in the 1970s, although there was temporary sluggish consumption after the oil shock, it maintained a high growth rate of 5.3% per year on average. After that, although the growth rate gradually declined to 3.6% in the 1980s and 2.5% in the 1990s, in the 2000s it has maintained a steady growth of 3.1% on average, and according to the forecast released by the US Energy Information Bureau, it will expand to 36.445 billion kWh in 2040.

  • According to the "Law concerning the use of non-fossil energy sources and promotion of effective use of fossil energy raw materials by energy suppliers", the renewable energy sources are "those that are deemed to be permanently available as an energy source"
  • As the sunlight, wind power, hydropower, geothermal, solar heat, heat in the atmosphere and other naturally occurring heat, and biomass are prescribed.

Bird's eye view of renewable energy and usage forms


  • Investment in natural energy in the world
  • As shown in the graph on the left, the degree of dependence of the energy import depends on the country.
  • Not only highly dependent countries, promotion of dissemination of renewable energy for achieving a low-carbon society for relaxing global warming is a theme common to all countries of the world. In 2016, US $ 241.6 billion worldwide was newly invested in natural energy.
  • The investment in new renewable energy generation facilities has almost doubled the amount invested in fossil fuel power generation facilities for the fifth consecutive year.
  • The amount of electricity generated by renewable energy will grow at 2.9% per annum from 2012, and in 2040 it will generate 29% of the total electricity generation and it is expected to be the largest electricity source.

※The downward graph shows that it is exporting

Unit: 1 trillion kilowatt hours Source: US Energy Information Administration


  • Expansion of renewable energy / energy saving market
  • With the progress of technological innovation and the expansion of energy demand worldwide, the market for renewable energy and energy-related technologies is expanding.
  • Entry of different industries into energy-related markets is also rapidly increasing.
  • Forecast of world market size of renewable energy
  • (cumulative investment amount in 2012 - 2035)
Wind power (onshore / offshore) 170 trillion yen
Solar power 101 trillion yen
Geothermal power 8 trillion yen
Hydro power 124 trillion yen

Prediction of global market size of energy conservation investment(including energy management)
Forecast of global market size of energy related equipment

Strategic market creation plan (road map)


  • Situation of photovoltaic power generation
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  • World: A total of 75 GW of photovoltaic power generation is newly introduced, and the cumulative installed capacity of the whole world reaches 303 GW.
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  • Japan: Approximately 8.6 GW of solar power generation was newly introduced, and the cumulative equipment capacity of the whole country reached 42.8 GW.
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  • China: The new introduction amount was 34.5 GW
  • (126% increase from 2015) and the cumulative installed capacity increased by 45% to 77.4 GW, which was a greatly larger scale than other countries.
  • RENEWABLES 2017 GLOBAL STATUS REPORT
  • RENEWABLES 2017 GLOBAL STATUS REPORT

  • Situation of wind power generation
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  • World: A total of 55 GW of wind power generation is newly introduced, and the accumulated capacity of the whole world is increased by 12% to 487 GW.
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  • Japan: Approximately 0.2 GW of wind power generation was newly introduced, pushing the accumulated capacity in Asia to over 203 GW.
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  • In over 24 countries, more than 5% of the annual electricity demand was covered by wind power generation.
  • In the world as a whole, wind power generation facilities with capacity enough to cover 4% of electricity consumption are introduced.
  • RENEWABLES 2017 GLOBAL STATUS REPORT
  • RENEWABLES 2017 GLOBAL STATUS REPORT

  • Efforts and expansion in the introduction of renewable energy in Japan
  • Under the basic energy plan, we are promoting a trial to disseminate renewable energy aimed at achieving "safety," "stable supply," "economic efficiency," "environmental compliance" and improving energy self-sufficiency.
  • As one of them, the installation capacity of renewable energy has increased rapidly due to the introduction of fixed price acquisition system (FIT) of electric power which began in 2012.
  • Meanwhile, the purchase cost reached 2.7 trillion yen, and the standard household imposition burden reached 686 yen/month, so in 2017, to introduce more renewable energy besides solar power generation and suppression of the public burden the amended FIT was enforced.
  • Liberalization of retail electricity sales has taken place since the year of 2000 with a phased approach.
  • In 2016, the low-voltage power service,of which market size is about 8 trillion yen, was liberalized, and selling electricity to homes and retail stores became open to the new entrants.
  • Although a number of various types of businesses and local governments entered to an electric power retailing business, a bunch of very real problems exist.
  • For example, some of them already went bankrupt.
  • It is needed to be connected to an existing power company to transmit electricity.
  • Paying the imbalance rates,which is a price adjustment for stable supply, is a heavy burden. Moreover, reduction of power procurement cost and an adjustment of supply and demand are urgent matters.
  • A business must be conducted under the regulations and specific conditions; thus, business operators cannot perform their business freely.
  • Therefore,discovering new possibilities is the key to success.
  • In order to realize the world Nicolas Tesla dreamed of in the past, we want to contribute to solving world poverty problems by taking drastic measures in the existing energy industry.
  • Then, in order to understand the common thought of our community, we introduce the life of Nikola Tesla below
  • Nikola Tesla, his personal history
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  • On midnight July 18, 1856, Nikola Tesla was born in the village Sumilian (English version) in the Austrian Empire (west of Croatia) Rica-Coluba province near Gos Pitch.
  • Both his parents were Serbs, father served Serbian Orthodox priests.
  • He had one brother and two sisters.
  • It was said that he often saw hallucinations since he was 5 years old
  • when he lost his older brother, Den, and he exercised his studies very hard to try to exceed his brother called as a wonder child smarter than him especially in mathematics.
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  • In 1880, he devised the principle of AC generator and AC motor while studying at Graz University of Technology.
  • In 1881 he dropped out of the school and got a job at the Budapest State Telecommunications Bureau.
  • After graduating from Prague University at the age of 23, he is said to have worked for Edison Corporation, France corporation.
  • In 1882, he succeeded in developing induction motors.
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  • In 1884, he moved to the United States and was adopted by Edison's Edison electric light company.
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  • At that time we proposed an AC electric power project etc. in the company which developed DC electric power business, but he lost a job in about a year in conflict with Edison.
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  • In April 1887, Tesla independently established Tesla Electric Light Company (Tesla Light Company), promoted the electric power business by exchanges independently, and received patent of AC power supply in October the same year.
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  • On May 16, 1888, he conducted a demonstration at the American Institute of Electrical Engineers and was given a patent fee of US $ 1 million from George Westinghouse impressed by the demo.
  • The Tesla patented alternator was designed by The Westinghaus Electric, Benjamin G. Rum, and a Three Phase AC 25 cycle was installed at Niagara Falls Edward Dean Adams Power Station.
  • In the same year he discovered the circulating magnetic field and developed an ultra-high frequency generator, but he was isolated in the Westinghouse Technical Team and left the company in a year.
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  • In 1891, he invented a high voltage transformer that could output up to 1 million volts.
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  • In 1893, he invented a wireless transmitter.
  • Westinghouse established a power supply system of the electric hall to supply electricity in the Chicago Expo site and showed superiority of exchange.
  • This is divided into two groups of 20 single phase 500 horsepower generators, each rotor is shifted by 90 degrees to constitute a two-phase AC 12000 horsepower generator, and the electric power generated by being driven by a steam engine is transformed by a transformer After boosting and transmitting electricity, after stepping down with a transformer again, 1000 pieces of 16 candela lamp were turned on as well as drove the induction motor.
  • Moreover, he run a DC power train by installing a rotary inverter.
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  • In 1898, he acquired a US patent for spark plugs, gained radio-controlled patents and demonstrated a radio-controlled ship model at Madison Square Garden in New York.
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  • In 1901, with the help of J · P · Morgan, he began construction of a 57 meters in height radio transmission tower "Warden Cliff Tower" at Shoreham in Long Island.
  • Although the tower was completed in 1905, due to the deterioration of the relationship with Morgan, cash flow deteriorated and the study was interrupted.
  • When the United States entered World War I in 1917, the tower was removed because it could be a target.
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  • In 1915, rumors ruled that Tesla, along with Edison, became a candidate of Nobel Prize for Physics Prize, but they did not win. he was chosen as a candidate even in the 1930s, but he did not win the prize.
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  • In 1916, he was awarded the American Electrical Engineering Association Edison Medal.
  • Although he declined once, he reconsidered and received it in 1917. Later year he suffered from a mental disorder.
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  • On January 7, 1943, he dies at the New Yorker hotel in Manhattan.
  • He was 86 years old. His inventions and design drawings, which were said to be several tons of weight, were talked about the story as "the US military and the FBI confiscated" and "they went to the hands of the Soviet Union through Yugoslavia", but, in fact, after the confiscation by FBI they were reproduced and returned to his home country.
  • The originals were kept in the Nikola Tesla Museum in Belgrade and were registered as a UNESCO Memorial Heritage Site in 2003.
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  • As just described above, Nikola Tesla once contributed to the scientific growth of mankind by various inventions, but it could not be accomplished to the last due to the background of the era or relationship with the investor.
  • However, his radio transmission technology and utilization of radiant energy in space have the potential to renew the existing energy industry.
  • We also hope to solve the problems in mankind with technology and contribute to the further growth of mankind,as mentioned above.
  • There are many comrades with the same thought who are scattered in various places in the world.
  • We would like to establish an information preservation system that does not have tampering in one distributed network and promote this project with the advocates who have a common philosophy.
  • TorusProject provides various support and opportunities to people who can not obtain enough energy and develop energy-related technology.
  • The amount of Toruscoin issued is 100 billion TORUS.
  • 70 billion TORUS is to be sold in presales.
  • Among the remaining 30 billion TORUS, 20 billion TORUS is to be set as marketing funds, and 10 billion TORUS is to be assigned to TorusProject Team.
  • Since the total amount of tokens is pre-defined, the price of 1 TORUS will raise in response to the increase of Toruscoin demands as the overall market size increases.
  • Unlike the existing global currencies, the amount of Toruscoin is fixed, and it has a decentralized structure.
  • Therefore, the value of Toruscoin is determined by demands according to market principle.
  • The initial distribution of Toruscoin is done in pre-sale format. Anyone can buy Toruscoin with ETH.
  • Holders of other types of crypto-currency like ETC or BTC must obtain ETH through the existing service such as crypto-exchange.
  • The pre-sales will start from March 16, It took place over 16 days until March 31, 2018, The pre-sales will end after it finishes distributing 70 billion TORUS.
  • Toruscoin per ETH that can be received by the pre-sale will receive 350,000 TORUS.
  • TORUS's that were not distributed will be locked up once and a new period will be set and ICO will be performed at a later date.
  • The main role of the new ICO is to develop block chains and security systems for further utilization and expansion in the energy field.
  • The minimum purchase amount is 0.01 ETH.
  • ※ Actual start time and end time conform to Ethereum block.
  • In this network called TorusNet, blockchain technology is adopted as information storage medium in the energy-related academic papers.
  • In addition here, it is said that a certain anonymity is secured and it is not possible to perform unauthorized tampering, so it can be said that it is a mechanism to resist smearing due to pressure or the like.
  • Blockchain is one form of distributed ledger design that has no central administrator and ensures reliability of transactions by combining advanced encryption technology and distributed networking.
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  • Reliability, which used to be secured by central administrator’s existence, became possible to be formed by observation of individual nodes.
  • This will enable the all the participants in the network direct transactions without interposing a third party.
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  • Blockchain in The Energy Sector
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  • Blockchain applications in the energy-related fields are not yet available in the market today.
  • They are in conceptualization or prototyping stage. However, although it is in a different field, blockchain technology in financial sector as typified by FinTech is already in the practical stage, and the international investment to it, including the U.S. and China, has expanded to skyrocket.
  • Accumulation of experience and know-how obtained there and further research, development, and application will turn application of blockchain technology to the energy field and formulation of distributed energy supply system into reality.
  • This allows the entire system in the energy sector to reduce transaction costs to improve the efficiency of the transaction process.
  • Not only the customers who purchase the energy but also all the people involved will be able to enjoy the benefits.
  • This is to improve the use and increase the value of energy.
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  • Blockchain in TorusProject
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  • In the light of the possibility and the value of blockchain in the energy sector, we will actively invest in the research and development of distributed energy transaction system, its supply system to provide stable and smooth service, and the related fields.
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  • In this distributed energy trading and supply system, people who consume energy can also be energy producer.
  • For example, prosumers not only consume energy but also produce energy by solar power generation, small wind turbines, hydroelectric power, or CHP plant.
  • At this moment, blockchain technology in the energy sector enables to sell the energy generated by prosumers directly to those in need of energy without traditional intermediaries.
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  • We plan to take advantages of EV (electric vehicles) as movable power grid in TorusProject.
  • Popularization of EV requires charging station that can be used anytime anywhere and easy-to-use payment system.
  • For example, such system that AI (artificial intelligence) automatically recognize and charge EV in need of energy with automatic charging fee collection function can be provided by blockchain technology.
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  • All transactions between consumers and producers through pear-to-pear network are based on smart contract.
  • This distributed blockchain system will prevent tampering of transactions in addition to balancing the supply and demand of energy.
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  • Moreover, by combining these blockchain technologies with smart devices, we will create further versatile and high value-added energy platform to improve consumer and user convenience and rate of utilization.
  • The purpose of TorusProject is liberalization of energy.
  • At the same time we will develop our own block chain technology based on Big Data, AI and IoT.
  • Also, we will follow the several steps for development.
  • In the first stage, The utilization of electric vehicles(EV) that have a role as a moving power transmission network.
  • The EVs are capable of storing a certain amount of electricity possibly eliminate excessive or insufficient electric power between the areas and make it possible to balance of the electricity in the certain area.
  • For example, if the electric power fully charged EV depart to destination, the system detects the supply-demand balance and supplies electricity to other EV requiring electric power at the destination.
  • This case shows It is possible to balance of the power supply and on demand of electric power for EV as well.
  • In developing countries such as Africa and Central and South America, Power outage occurs frequently due to unstable power supply.
  • By changing the house use electricity supply source to the EV storing, which has a large amount of electricity, is possible to stabilize electric power supply.
  • It is possible to realize the stabilization of the standard of living and the prosperous living in the area.
  • Figure: EV as movable power grid.
  • In the second stage, we will conduct R&D at the construction and practical application of infrastructure such as wireless charging etc.
  • Sharing research results of academic papers, which is issued by research institutes for realization of this project. By utilizing block chains, we construct a decentralized system platform that can utilize data that is highly confidential, safe, secure, and not tampered with. From now on, we will invest actively in developing theme.
  • Also, by setting up a platform for new companies (Such as Venture Companies) to do ICO, R&D and Business innovation is steadily born, and the platform on which grows the business scheme more easily than ever before.
  • Figure: power grid by wireless power transfer.
  • In the third phase, research and development of next-generation energy equipment will be carried out.
  • Many companies and research institutions worldwide have been trying to achieve the platform for the next-generation energy equipment and its supply system.
  • We have TorusNet that utilizes the transaction management based on smart contract and Ethereum block chain technology.
  • TorusNet enables us to carry out sustainable R&D on data stored in the distributed network.
  • In this way, we will contribute to the realizzation of the platform for generation, supply, and transaction system of distributed energy.
  • Conventional process
  • Process of block chain based system
  • TorusProject develops a smart outlet that can be connected to a block chain, and is planning to ship it to the world and release it. This product can pay a part of charged sales to the user with Torusccoin.
  • Also, It is an authentication smartphone application that connects via Bluetooth, and smart electric outlet can be used on the day of member registration procedure.
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  • Toruscoin certified smart electrical outlet
  • ・Provide EV users with many charging opportunities (location and timing) and options (fee/time)
  • ・Provide owners of EV charging facilities the rapid collection of funds by improving facility availability rate
  • ・Provide the opportunity to trade directly to electric consumers and prosumers
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  • 【 Search, selection, and use of charging spot information】
  • Search available charging spots on the map and select and use charging spots based on the price list. When charging is completed, payment is made automatically and the transaction history is recorded on the wallet.
  • 【 Support optimization of charging and selling】
  • Based on the power generation prediction function linked with the weather forecast, it is possible to set the optimum charging time and make a power sale plan utilizing AI.
  • 【 Toruscoin exclusive wallet function 】
  • This function makes the purchase of Toruscoin for the exchange electricity and viewing transaction information easy.
  • In utilizing the electric car which has the role of moving grid in the first stage, we are planning to develop car sharing service adopting smart contract in the world.
  • Settlement at the time of using the electric car in this car sharing service is done based on Ethereum's Smart Contract with Toruscoin and it can be automatically used at a given place at any time.
  • Since all settlements made using Smart Contract will be made public, it prevents the project team's illicit use of dictatorship of funds.
  • Although energy-related projects with the same thought as TorusProject can do by ICO with Toruscoin, at the same time we will do a part of developments and support financing with the utmost energy, and also through the community make an investment among a part of profits and operating budgets of TorusProject.
  • All revenues born in TorusProject are released, and distribution is made in the following format every year.
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  • From now on, we will carry out various market activities to create Toruscoin demand.
  • And we will promote awareness by aggressive meet-ups and holding academic think tanks.
  • Also, in order to step up to the 2nd stage and the 3rd stage, such as funding support for comrades' research projects that have the same idea, we are going to tie up with various universities and companies around the world.
  • Tatsuki Nambara
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  • A rare serial entrepreneur boasting a high degree of publicity as the founder member of "¥ Money tiger", the Japanese version of "Shark Tank" for popular television programs in the United States.
  • In March 2005, due to the bankruptcy of MG Rover in the UK, we also showed brilliant revival even with a lot of debt.
  • He is running five companies today in various fields from rent-a-car, food business, to publishing industry.
  • Masayuki Kawasaki
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  • System manager
  • In the previous job, he was involved in the development of oxygen vmanagement for energy systems by major steel manufacturers for ten years.
  • After that, I experienced the network construction of a major power company.
  • We jointly developed a server client type system in the age of the modem,and shared all the stock vehicles between each branch.
  • It also sells its system as a customer management system  "KURUMAYASAN ".
  • Hiroaki Murayama
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  • System team leader
  • He is seconded to a major company and is engaged in product development for businesses for a long time.
  • As a little unusual issue, I also participated in the development work on the Super computer "Kei"
  • After that, he was involved in a wide range of development, including a nurse dispatch system and rental car reservation system.
  • Familiar with a wide range of fields from Super computer to smart phone app.
  • Yukiko Kurata
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  • Design planning
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  • Previously, she worked for a new communication project at a web strategy division under the PR department of a major automotive manufacturer for 12 years.
  • She has 18 years of experience in the web industry.
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  • Masaharu Nakagawa
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  • Graphic team leader
  • As a music and video producer, He work as an artist and a major artist in the PV production.
  • In charge of planning and production of TV programs.
  • It produces many popular programs.
  • He is also a multi-designer with web design and 3d design.
  • Beside that, he also demonstrated his talents as a Afriator.
  • This document is for informational purposes only, and nothing in this document constitutes or forms solicitation of any offer to sell any securities of TorusProject or its related companies.
  • Such solicitation is only conducted in accordance with the terms of the law.
  • Any information or analysis in this document do not constitute any investment advice or specific recommendations.
  • Therefore, this document does not constitute any investment advice or recommendations, or solicitation to make investments.
  • This document does not constitute any solicitation of selling or buying securities.
  • Also, this document is not submitted to or is registered at the regulatory authorities, nor does it plan to be reviewed by regulatory authorities.
  • TorusProjectTeam is not liable for any kind of loss or damage arising from incorrect or inaccurate information in this document, whether such losses or damages are suffered directly or indirectly or are immediate or consequential.
  • Furthermore, the information expressed in this document is subject to change without notice.
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  • Toruscoin is a crypto token used in TorusNet.
  • Toruscoin cannot be used to rule or to possess TorusNet.
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  • Although Toruscoin is managed by the user, Toruscoin does not represent any rulership or possession of TorusNet, nor does Toruscoin give its holder any right of making any forceful modification on the system.
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  • Matters Concerning The Limitations of Purchaser
  • ・Toruscoin cannot be purchased by citizens or residents of such country or state where buying Toruscoin or similar tokens is prohibited or may not be lawful (including but not limited to China), or by anyone to whom such law is potentially applied.
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  • ・Purchase of Toruscoin shall be carried out only by individuals, business entities, or companies who have extensive experience with software systems based on the token and blockchain as well as knowledge regarding the usage and complexity of such system. Purchasers must understand storage method and the function of the transmission mechanism regarding the tokens including Toruscoin.
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  • ・Our company and its related parties are not liable for any kind of loss of Toruscoin by a purchaser regardless of the reason.
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  • ・Toruscoin cannot be purchased when a purchaser does not have the required experience or knowledge stated above. Toruscoin shall be purchased after careful considerationregarding the risk and cost of the purchase and all the related disadvantages. If a purchaser does not have the required experience or knowledge stated above, Toruscoin shall be purchased after the purchaser becomes capable of understanding and accepting the risks and the items written in the later section “Risks regarding Toruscoin Purchase” possibly by spontaneously obtained professional advice.
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  • When our company considers that a purchaser violates the rep and warranty defined in the later section “Rep and Warranty of Toruscoin Purchaser”, the purchaser shall not be able to purchase Toruscoin.
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  • Risks regarding Toruscoin Purchase
  • Purchase of Toruscoin involves serious risks. Before making any purchase of Toruscoin, you must carefully consider the risks listed below.
  • If any of them cannot be understood, please consult with your lawyers, accountants, or tax accountants as necessary.
  • Also, any purchase of Toruscoin is carried out by purchaser’s intention of the definite purchase; thus, no purchase may be refunded in any case.
  • (Risks in Blockchain Technology)
  • ・Blockchain technology is subject to close examination by various regulatory authorities around the world. TorusNet and Toruscoin may be affected by any regulatory inquiries or actions, or the revision of the law that may limit or prevent TorusNet.
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  • ・Toruscoin and TorusNet is based on the Ethereum protocol. Therefore, malfunctioning, unintended or unexpected feature of the Ethereum protocol may cause unintended or unexpected behavior of Toruscoin or TorusNet. Ethereum protocol's original unit, Ether, may lose value for the same reason when Toruscoin lose value. For more information about the Ethereum protocol, please refer to the following URL: http://www.ethereum.org
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  • ・Purchaser's Toruscoin will be sent to ETH address. ETH address can only be accessed with the credentials managed by a purchaser. Toruscoin may lost if a purchaser does not keep accurate records of credentials, lose the credentials, and access to the ETH address. A purchaser needs to securely store the credentials at more than one backup locations that are physically distant from the workplace.
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  • ・Any third parties who have access to the user account information or the private key can execute operations regarding Toruscoin. When the above information is known to any third parties, there is a risk that may lead to loss of Toruscoin. Thus, to minimize the risk, a purchaser must carry out security measures against unauthorized access to the electronic devices.
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  • (Risks of Value Fluctuation in Toruscoin)
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  • ・Similar to other tokens, the value of Toruscoin may fluctuate significantly, and various reasons could also reduce the value.
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  • ・Our company will use our best efforts to the creation of TorusNet but cannot guarantee it. All purchasers must understand the possibility that the value of Toruscoin is limited when its platform is launched if the fluidity of Toruscoin is lower than own prediction or TorusNet is not used/accepted sufficiently. Also, system error that could reduce the value to Toruscoin may cause in TorusNet
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  • ・Purchaser’s benefits and rights by holding Toruscoin, which is defined between our company and purchaser at a purchase, depends on the development of our business. TorusProject is currently in the planning stages, and significant changes on the contents will possibly be made before the release. Any expectations regarding the format and feature of Toruscoin or TorusNet possessed at the time of purchase may not be fulfilled at the time of release due to various reasons including any changes on the development plan or the advancement or TorusProject. Although our company will use our best efforts, the existence of the concessions or rights, timing of seeing the benefits, and the contents of the benefits may be changed. Thus, we cannot guarantee that purchasers can benefit in a way expected at the time of purchase.
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  • ・TorusNet and Toruscoin will not be used by any individuals, companies, or organizations that are not associated with this project, attention to this project may be limited to those who have interest in this. The lack of interest in other group of people may affect the development of TorusProject and potential value of Toruscoin.
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  • (Risks Caused by External Facts)
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  • ・Cyberterrorist and other kind of groups or organizations may interfere with the availability of TorusNet or Toruscoin by various ways such as denial-of-service attacks, Sybil attacks, spoofing, smurfing, malware attacks, attacks based on distributed consensus.
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  • ・Advancement in encryption or other technological advances including the development of quantum computer may pose risks to cryptography and TorusProject, and it may cause theft or loss of Toruscoin.
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  • Users who hold a large amount of Toruscoin have an influence on majority part of voting and decision-making in TorusNet.
  • Therefore, there is a possibility that an influential user with malicious intention conducting unauthorized operation on voting will hinder the correct development of TorusProject.
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  • (Other Risks)
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  • ・Unlike bank accounts or other accounts in other financial institutions, the funds held by using TorusNet is not insured. In the event of loss or loss of value, there is no bailout by public insurance like F.D.I.C or private insurance companies.
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  • ・TorusProject may become impracticable and dissolve for various reasons including but not limited to adverse change of the value or Bitcoin, Ether, and Toruscoin, or inadequacy in business relationships.
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  • ・Crypto token is a new technology. In addition to the risks described in this document, there are risks that TorusProjectTeam cannot predict. If the risks are further actualized as a result of unexpected combinations or changes, the value of Toruscoin may be affected.
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  • Disclaimer of Warranty and Exemptions
  • ・Our company sells Toruscoin on an “as-is” and “as-available” basis without any kind of warranty. The seller explicitly disclaims all implied warranties about Toruscoin including but not limited to marketability, compatibility to specific objective, origin of rights, and noninfringement.
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  • ・Our company does not declare or guarantee that Toruscoin is reliable, up-to-date, faultless, and satisfiable to purchaser's expectations, and that any defects of Toruscoin will be fixed in the future.
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  • ・Our company does not declare or guarantee that Toruscoin or its delivery system is not affected by computer viruses or other harmful components.
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  • ・Our company does not carry out or does not intend to carry out any kind of declaration, warranty, or promise including declaration, warranty, or promise about the authenticity, accuracy, and integrity of the information provided in this document and our website. Also, our company disclaims any execution of declaration or warranty of such.
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  • ・Our company does not guarantee that the information of approximated present value of Toruscoin, the information provided by us, and everything that purchasers obtain through a purchase of Toruscoin satisfy purchaser's specific purpose or possess expected functions, commercial value, accuracy, usefulness, and integrity. Also, our company does not guarantee that the purchase of Toruscoin complies with laws, regulations, or internal rules of the company or industry organizations, and that there is no defect, and that any problems regarding Toruscoin will be solved.
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  • ・Our company and its related parties are no liable for any damage that may be suffered by a purchaser of Toruscoin regarding a purchase of Toruscoin. Furthermore, due to the application of Consumer Contract Act and other reasons, in any event where our company or its related parties assume responsibility for loss notwithstanding this rule or other disclaimers of our company and its related parties, the scope of liability of our company or its related parties shall be limited to ordinary losses directly and actually caused due to reasons attributable to our company or its related parties. And, the maximum liability of our company or its related parties shall in such an event be limited to the total amount the purchase price of Toruscoin paid by the purchaser.
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  • A purchaser is responsible to what kind of taxations (including consumption tax, sales tax, use tax, and VAT) will be applied regarding a purchase of Toruscoin. Also, it is purchaser's responsibility to collect, report, and pay the appropriate amount of tax. Our company is not liable for withholding, collection, reporting, and payment of tax on a purchase of Toruscoin.
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  • Rep and Warranty of Toruscoin Purchaser
  • Before purchasing Toruscoin, a purchaser declares and ensures the following items to our company.
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  • A purchaser must not fail under any purchase limitations defined in “Matters Concerning The Limitations of Purchaser” and must possess rights and complete capability to make a legal purchase of Toruscoin.
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  • A purchaser must fully understand the risks and disadvantages of Toruscoin purchase including “Risks regarding Toruscoin Purchase” and must accept the responsibility to decide Toruscoin purchase is appropriate or not before making any purchase.
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  • A purchaser makes a purchase of Toruscoin for the purchaser’s own purpose but not on behalf of any third parties.
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  • A purchaser must spontaneously confirm, agree, and recognize that Toruscoin is not any form of securities in jurisdictions of the purchaser.
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  • A purchaser must agree and recognize that sales promotion of Toruscoin by our company does not intend to be any solicitation of offering of or investment to securities in the purchaser’s region.
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  • When Toruscoin purchase is not prohibited or restricted by any law or regulations of the purchaser’s region, or when a purchase or possession of Toruscoin is regulated, a purchaser must comply with such regulations at own expense without placing any responsibility on our company or its related parties.
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  • A purchaser must agree and recognize that Toruscoin shall be classified as and be treated as neither of the following items at the time of a purchase.
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  • • Cryptocurrency defined in paragraph 5, article 2 of Payment Services Act
  • • Legal tender or deemed currency specified by Japan or other countries
  • • Corporate bond issued by our company or its related parties
  • • Authority to control stocks issued by our company or its related parties
  • • Such corporate bonds, stocks or stock-related rights, options or derivatives
  • • Rights based on CFD trading contract or other contracts of which objective or stated objective is to secure profit or avoid loss
  • • Interests in collective investment schemes
  • • Interests in business trust
  • • Derivative or interests in business trust, securities, or any other type of securities
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  • A purchaser must understand fully about cryptocurrency, software systems based on blockchain technology, cryptocurrency wallet or other related token storage mechanisms, and other important qualities regarding operation, function, usage, storage, transmission, and other mechanisms of blockchain technology and smart contract technology.
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  • A purchaser must fully recognize and understand that there are risks associated with our company and its business operations.
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  • Regarding any kind of losses including but not limited to indirect loss, extraordinary loss, unexpected loss, secondary loss, and any other losses (including loss of returns, revenue, or profits, loss of use, and loss of data) attributed to or related to Toruscoin purchase made by a purchaser, a purchaser must agree and recognize that our company and its related parties are not liable to such losses regardless of whether it is illegal or based on contract or one of the others.
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  • A purchaser shall not use Toruscoin in any illegal activities including money laundering and funding to terrorists.
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  • Our company and its related parties are not liable to, regardless of reason, any losses on a purchaser regarding the risks and disadvantages of Toruscoin purchase explained to a purchaser including the items in the above “Rep and Warranty of Toruscoin Purchaser”; a purchaser shall discharge our company and its related parties from liability regarding such matters.