Page 5 - Himalaya Labs White Paper 3 June
P. 5

3.5   Distinction between Tokens and Securities .................................................................................... 41

               3.6   Distinction between Security Tokens from ICOs vs Security Tokens from ISTOs ............................ 43
            4.   Technical Specifications .......................................................................................................................... 45
               4.1   Basic Requirements (for Phase I ) .................................................................................................... 45
               4.2   Advanced technologies (for advanced phases) ............................................................................... 46

               4.3   Requirements of a Trading Platform ............................................................................................... 46
               4.4   A Blockchain based exchange where smart contracts facilitate trading ......................................... 47
                 4.4.1    Auction Mechanism Design - A Case for Smart Contract Based Auctions ............................... 47

                 4.4.2    Marketplace Requirements ..................................................................................................... 48
                 4.4.3    The System Requirements ....................................................................................................... 48
               4.5    Technical Specifications on Smart Contract features ...................................................................... 49

               4.6    Technical Architecture for Himalaya Capital Exchange Project ...................................................... 49
               4.7   A Binary Token Architecture ............................................................................................................ 50
               4.8   Distributed Ledger Technology ....................................................................................................... 50

               4.9   Community Related Systems for Stakeholders of our Platform: .................................................... 54
                 4.9.1    Democratic selection of Issuers: .............................................................................................. 54
                 4.9.2    Democratic selection of Apps: ................................................................................................. 54
                 4.9.3    Community Rating & Scoring of participants: ......................................................................... 55

                 4.9.4    Ancillary Service Providers: ..................................................................................................... 55
                 4.9.5    Non-Blockchain based Systems ............................................................................................... 55
            5.   Community Building Initiatives ............................................................................................................... 55

               5.1   Himalaya Foundation....................................................................................................................... 55
               5.2   Regional Leads all over the world: .................................................................................................. 56
               5.3   Beta Sign up Page ............................................................................................................................ 56
               5.4   Token Airdrop .................................................................................................................................. 56

               5.5   Providing Liquidity for issuers of security tokens on our platform ................................................. 56
               5.6   Education on the New Platform and Eco-System ............................................................................ 56

            6.   A discussion on Technical Protocols for building a Tokenised Securities Highway ................................ 57
               6.1   Consensus Mechanism .................................................................................................................... 57
               6.2   Wallet .............................................................................................................................................. 57
               6.3   Crypto Exchange .............................................................................................................................. 57

               6.4   Pegged Coin ..................................................................................................................................... 57
               6.5   Scalability ......................................................................................................................................... 58
               6.6   The role of token-holders in the eco-system - and incentive design .............................................. 59

               6.7   Decentralised Exchanges - Specific Protocols currently available ................................................... 61
                 6.7.1    Relaying orders: ....................................................................................................................... 61
                 6.7.2    Hash time locked contracts: .................................................................................................... 61
                 6.7.3    Atomic swaps ........................................................................................................................... 61

                 6.7.4    Plasma Chain............................................................................................................................ 61

            http://dgcamp.io                   arifa@himalayalabs.com                                Page 5
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