Dear Stakeholders, Employees, Customers and Friends
AXEL is founded on the basic principal that your personal and private data is yours and yours alone. Nobody should have control over content you own, create, manage and share.
To that end, we have built a global decentralized network as the framework to provide the superhighway for next generation digital content management. Powered by Blockchain, Masternode and AXEL's own patented technologies, our goal is to deliver a global environment to safely and securely manage digital content for both consumer and enterprise interests.
As we continue down the path of providing best-in-class privacy and security tools to enable storage, sharing and transfer of digital content, we invite you to join us by adding your technology and applications to our continuously expanding ecommerce network.
AXEL is committed to continued growth and expansion of the AXEL Network as we move forward forging partnerships with other technology developers and providers to expand the capabilities of the AXEL Network.
CEO and Chairman
Data is the new gold. It’s the new oil. It’s the new currency. In the digital economy, data has become one of the greatest drivers of value. The largest companies in the world are powered by data - Apple, Google, Facebook, Amazon, Alibaba, Tencent...the list continues.
But the creators of data have seen their control over their own identities eroded. Sometimes openly, often covertly. Even big companies have been left vulnerable to a lack of transparency on how data is managed by other companies.
Choice and control are compromised for convenience. And many individuals and companies are left to believe that you can only have one or the other.
AXEL has different ideas. We believe control should always remain with the data creator and we’re creating the tools to enable everyone to participate in the digital economy. We call it “data custody”. In fact, we’re redefining how data is handled
Data Custody, n. v. adj.
1. The ability to organize, manage and protect your own digital data and footprint on centralized and
2. The ability to protect and guard your own data without interruption, interference, or intrusion from third parties or network operators;
3. The act of taking back control of your personal data in order to guard and protect it from others.
AXEL (Autonomous eXchange via Entrusted Ledger) has and continues to set the precedent for data custody by developing the tools and technologies to return control of data to our users. To this end, each of AXEL’s 100+ employees are dedicated to building the technologies necessary to provide ultimate data custody to our millions of users.
With deep roots in building solutions to give users and businesses data custody, AXEL is introducing the AXEL Global Distributed Network (AGDN). The AGDN will be one of, if not the, largest decentralized networks in the world. It will be developed on blockchain and distributed technology along with a range of new distributed products for users to easily interact with the network. AXEL is building the future of data. A future that returns data custody to the data creator.
Tackling Data Custody
The Problem: Centralized Data Custody is Broken
Control, privacy, and trust do not exist for the majority of people in the digital economy. Ownership has been outsourced to third parties - and they hold all the keys. Data is breached, data is sold, data is unwittingly collected. Those who create the data have lost control.
The $60 billion big data business powers the $6 trillion digital economy that mirrored the growth of the internet when the earliest version of cookies was introduced in 1994.
The internet spawned a data revolution that led to systemized concentration and control of user data by major platforms that we believe significantly handicap the development of user-first platforms, erode privacy, and create an imbalance of influence.
This environment creates huge barriers in building genuine peer-to-peer systems that allow people to be in control of their identity and instead have commoditized it. With e-commerce, the Internet of Things, Artificial Intelligence, and wearables joining mobile technology at the heart of the digital world, more data collection is concentrated with a few players that place user privacy and data integrity as a low priority.
As new technologies, such as distributed computing, emerge as competition to centralized technologies, new questions surrounding data custody arise. Decentralized and distributed networks have many performance and
cost-savings benefits; however, new tools and technologies must be created to secure and manage personal and business data on vast decentralized networks. These tools and technologies must be created by trusted names with experience and a record of protecting users from the intrusion of third parties.
In 2020, over 30 billion records were exposed from nearly 3,000 publicly reported data breaches. These figures are expected to continue to grow exponentially in 2021 and is leading to an erosion of trust in providers who possess sensitive information.
The following is a list of high-profile data breaches in 2020, and these are just the ones we know about. Far too often data breaches go unreported for many months or are never reported at all.
MGM – 142 million records
Google Cloud – 201 million records
Instagram, TikTok, and YouTube – 235 million records
Microsoft – 250 million records
Facebook – 267 million records
Wattpad – 268 million records
Broadvoice – 350 million records
Estee Lauder – 440 million records
Sina Weibo – 538 million records
Whisper – 900 million records
Keepnet labs – 5 billion Records
Advanced Info Service – 8.3 billion records
CAM4 – 10.88 billion records
SolarWinds – 18,000 organizations and countless records
The AXEL Network: Powered by Blockchain and Masternode Technology
AXEL’s goal has always been, and will continue to be, to provide ultimate data custody solutions to millions of people across the globe who will use our technology to protect and manage their personal and/or business data. To do this, we have set forth on an ambitious endeavor to build a network worthy of our reputation and the respect of our current and future users.
As blockchain technology has evolved alongside distributed technologies it was inevitable that their paths would cross. Blockchain provides for both secured public and private transactions and immutable record keeping with the benefits of decentralized control. Distributed networks provide faster and cheaper processing and storage of data that returns control to the data creators.
AXEL has combined the revolutionary power of blockchain technology with the evolutionary power of distributed and decentralized networks to create the AXEL Network. Powered by Masternode technology, the AXEL Network currently boasts hundreds of global network nodes in dozens of countries, with more being added each month.
This global network of Masternodes is what powers the AXEL Network. Masternodes require staking by the node operator in the form of staking AXEL Tokens.
The purpose of the Masternodes themselves is to contribute resources to the AXEL Network in the form of
CPU power, RAM, and storage space. AXEL Masternodes also serve as protectors of the ledger (blockchain) itself by carrying the blockchain information, writing new blocks to the chain, and maintaining the integrity and security of the blockchain network.
Since these Masternodes are operated by individual entities that are typically not associated with one another, it’s vital to come up with a mechanism that will establish trust between the nodes. This is where the consensus mechanism comes into play.
The AXEL Network utilizes a method commonly referred to as PoS or Proof-of-Stake. Unlike typical blockchain nodes, a Proof-of-Stake node (also referred to as a Masternode) requires the operator to stake a specific quantity of tokens in order to operate the node. This stake is considered collateral within the network to ensure the proper operation of each Masternode. In return for staking collateral, the Masternode host is rewarded (in the form of tokens) for supporting the network. Proof-of-Stake node holders have a vested interest in the security, integrity, and overall success of the blockchain associated with the network.
The AXEL Utility Token is the native Token used for services across the entire AXEL Network ecosystem and to reward the Masternode operators for supporting the AXEL Network.
Our Points of Presence span 6 continents
The Interplanetary File System (IPFS)
The InterPlanetary File System (IPFS) is an important development in computing and the next stage in the development of the Internet.
The IPFS protocol is designed to create a peer-to-peer method of storing and sharing digital content in a decentralized and distributed file system. Functionally, the IPFS works very much like a distributed torrent-type network where files are assigned a unique hash and then stored on network devices that are geographically close to you. Once stored, the content is available through the use of the unique hash created during storage.
Unlike typical HTTP-type storage platforms where all files are stored in a single server location, the IPFS distributes those files across the network, ensuring file availability even when one or more network nodes are offline.
To support the deployment of the IPFS System in conjunction with the AXEL blockchain, AXEL has developed a suite of enterprise class tools we call AXEL Go. AXEL Go provides desktop and mobile applications to enable users to store, share and stream their files and digital content from any of their devices. With anywhere connectivity, AXEL Go and AXEL Network currently provide one of the worlds largest deployments of the Interplanetary File System.
AXEL: A Platform Powered by
AXEL has introduced dozens of unique features, functions, and technical advancements focused on positioning our network as the leader in data custody and digital content management. Our product development and legal teams are committed to protecting these valuable technical assets.
AXEL has been awarded multiple patents on a variety of unique technology advancements and has many more pending. Some of our current patent applications include:
Network and infrastructure features and functions
Desktop and Mobile Software and Apps
Desktop and Mobile device integration
AXEL’s unique technology is currently covered by 14 U.S. Patents, granted since May 2015, and additional pending patent applications in the U.S., Europe, and China. Patents issued to date include:
Benedict Ow. Storing and sharing of digital media that is hosted off the cloud. United States Patent US 10,275,609. United States Patent and Trademark Office. 30 April, 2019.
Benedict Ow. File sharing system and method for sharing media files facilitates sharing of media without permitting download. United States Patent US 10,078,757. United States Patent and Trademark Office. 18 September, 2018.
Benedict Ow. Systems, devices and methods for sharing media files may promote sharing of media without permitting the media to be downloaded. China Patent Office ZL2130800641659. China Patent Office. 29 January, 2019.
Ow, Platter, Stiles, et al. A media distribution system provides controlled distribution of media owned by various parties hosted on a local media access device. United States Patent 9,027,050. United States Patent and Trademark Office. 5 May, 2015.
Ow, Platter, Stiles, et al. A media distribution system provides controlled distribution of media owned by various parties hosted on a local media access device. United States Patent US 9,363,563. United States Patent and Trademark Office. 7 June, 2016.
Ow, Platter, Stiles, et al. A media image communication system provides a secure method of communications between the media host and the client receiving and viewing the media. United States Patent US 10,362,196. United States Patent and Trademark Office. 23 June, 2019.
Anthony Tan. Pervasive Intermediate Network Attached Storage Application (PINApp). PINApp enables users to engage the cloud storage services without the need to upload the digital content to the cloud in order for it to be viewed or shared. The Asynchronously Rendered Conduit (ARC) allows content owners to create rules to govern the private and public usage of digital content across users, devices, networks, and realms. United States Patent US 10,708,273. United States Patent and Trademark Office.
7 July, 2020.
Ow, Platter, Stiles, et al. A media management system configured provides functionality to store, organize and share digital media. United States Patent US 10,275,136. United States Patent and Trademark office 30 April, 2019.
Anthony Tan. A Pervasive Intermediate Network Attached Storage Application ( PINApp ) enables users to digitally assign ( pin / tack ) a folder or drive to a public cloud storage service for the purpose of sharing their digital content with others. United States Patent US 9,792,452. United States Patent and Trademark Office. 17 October, 2017.
Anthony Tan. A digital certification analyzer (or “analyzer) provides protection for digital content stored on servers, file sharing systems, hard drives and USB enabled external drives or other digital repositories. United States Patent US 9,419,965. United States Patent and Trademark Office. 16 August, 2016.
Anthony Tan. A temporary external secured storage (or “TESS) system provides an external storage location for digital content hosted and transferred or shared in a digital realm, while the original device hosting the content is turned off or otherwise offline during the file share or file transfer process. United States Patent US 9,565,184. United Stated Patent and Trademark Office. 7 February, 2017
Anthony Tan. An artificial or virtual chain tool, manager tool and backup and restoration function enables the TESS system to efficiently control digital content being managed through the system. United States Patent US 9,723,090. United States Patent and Trademark Office. more users or groups of users can simultaneously engage in the access, transfer and collaboration of digital content stored and managed within the TEAM. United States Patent US 10,592,108. United States Patent and Trademark Office. 17 March, 2020.
Ow, Stiles, Tan. An Autonomous Exchange via Entrusted Ledger (AXEL) blockchain. The AXEL blockchain enables users to perform transactions in a private setting while enabling the transaction records thereof to be verified by other network users without publicly divulging the contents or details of the transaction records. United States Patent US 10,855,446. United States Patent and Trademark Office. 1 December, 2020.
Getting Involved with AXEL
The AXEL Network is powered by a community of Masternode holders and developers working to secure and authenticate the network. Collaboration and participation in the network are key in building out our platform and ecosystem of distributed systems.
AXEL is a collaborative platform, truly distributed and decentralized with the support of partners and a community dedicated to ultimate data custody for users. This presents exciting opportunities to be an active stakeholder in building out the largest distributed network in the world that will power the next century of data custody.
We are seeking partners and participants at all levels that will contribute to our growing network. AXEL is presenting a range of ways to support the project, providing multiple layers of engagement in our ecosystem. Participation in AXEL is participation in the future of the internet as we know it, by taking part in the fundamental shift in data, digital identity, and our digital interactions. Decentralized networks powered by distributed technologies are the future and will power the growing six trillion dollar digital economy.
CEO & Chairman
CTO & President
Chief Financial Officer
Dr. Yoohwan Kim
Chief Information Officer
VP, General Counsel
Chief Strategist, Global Marketing and New Business
Senior VP, Products and IP
Chief Communications Officer
VP, Business and Legal Affairs
VP, Corporate Development
VP, Accounting & Finance
Who We Are
Our mission at AXEL is building solutions and bringing awareness to data custody. We are driven to innovate new technologies and solutions to make a lasting impact on the world.
As a company, we’ve been operating since 2012 and have developed great technologies over the last 9 years. In 2020, we had our busiest year yet by introducing new UX/UI, new products, new technologies, new patents, and one of the fastest growing communities in the industry.
Recently, AXEL has achieved exciting and momentous milestones including:
Released the AXEL Go platform which is available on mobile, desktop, and web
Formed multiple partnerships in the non-profit and legal verticals
Added many innovative data storing and sharing features to the AXEL Go suite
Released AXEL Desktop Wallet 2.0, with a new user experience and interface
Awarded 6 new patents, one specifically for our blockchain technology
Filed 5 more patents on our blockchain technology
AXEL Network grew to over 500 Masternodes globally
And we're just getting started. . .
We would like to thank our partners, clients, friends, family and team for their support in 2020. As we move into 2021 we will contine our pursuit of expanding our global ecommerce platform to enhance privacy, security and management of digital content for both consumer and enterprise.
We cordially invite you to share in our story, our growth and our future.
CTO & President
Chief Financial Officer
IMPORTANT NOTICES AND LEGAL DISCLAIMER PLEASE READ THIS SECTION CAREFULLY.
SUBJECT TO REVIEW AND CHANGE.
In order to undertake the mission and vision of the “Data Custody Solution” (as such term is defined below), the Company IS organized separately from the founders and principals of STOAMIGO INTERNATIONAL LLC (and DUVON CORPORATION (“DUVON”), an affiliated entity in Wyoming which holds key intellectual property utilized in AXEL branded software products, including the patent portfolio referenced within this White Paper; and other subsidiaries of DUVON) (collectively, STOAMIGO INTERNATIONAL LLC, DUVON, and other subsidiaries and affiliates thereof shall hereinafter be referred to as the “Operations Company”, “We”, or “StoAmigo”). The Company is separately organized as a Cayman Islands entity. All operations regarding the actual launch of the proposed ICO are further anticipated be conducted by and through the Company. However, the operation, maintenance, and continued development of the underlying technology and the Data Custody Solution (as such term is defined below) are intended to be conducted by the Operations Company. The Company anticipates entering into a comprehensive agreement for services and intellectual property licenses with the Operations Company for the use of the entirety of the branding, software, and software related intellectual properties held by DUVON, which currently power the AXEL suite of software products.
NO REPRESENTATIONS AND WARRANTIES
Company does not make or purport to make, and hereby disclaims, any representation, warranty or undertaking in any form whatsoever to any entity or person, including any representation, warranty, or undertaking in relation to the truth, accuracy, and completeness of any of the information set out in this White Paper.
RISKS AND UNCERTAINTIES
This White Paper and associated AXEL promotional materials contain statements that constitute “forward-looking statements”, including but not limited to (i) the financial performance and statements relating to the anticipated financial performance of the entities that are or will be undertaking the business and financing strategies further described in this White Paper and/or any of such entities’ subsidiaries or affiliates, which such business and financing strategies being generally described as: The AXEL Token, blockchain, and personal data management, personal private data transmission and file transfer solutions, the AXEL Global Distributed Network (AGDN), the integration of the InterPlanetary File System (IPFS), the incorporation and operation of Masternodes, and planned ancillary functionalities (the “Data Custody Solution”); and (ii) the offering of the AXEL Token in order to finance the foregoing Data Custody Solution which will facilitate the use of the AXEL Token as consumer payment for the services offered by and through such Data Custody Solution. While these forward-looking statements represent the Company’s judgments and expectations concerning the matters described, a number of risks, uncertainties, and other important factors could cause actual developments and results to differ materially from the Company’s expectations. These factors include, but are not limited to: (i) the degree to which the Company is successful in executing its announced strategic plans, including the anticipated exploitation of the Data Custody Solution across various channels, markets, demographics that may be detailed in this presentation (the “Channels”); (ii) developments in the regulatory landscape affecting ICO financing and fundraising measures; (iii) changes in the availability of blockchain, IPFS, and Masternode technologies to assure the Data Custody Solution is exploited by and through the Channels; (iv) changes in the Data Custody Solution’s competitive position, including whether competing companies and players will adversely affect the Company’s ability to commercially exploit the Data Custody Solution; (v) the liability to which the Company may be exposed to claims stemming from intellectual property violations and related issues regarding third party technologies that are incorporated into the Data Custody Solution, including but not limited to blockchain, IPFS, and Masternode technologies; (vi) the Company’s ability to retain and attract the personnel and employees necessary to design, implement, develop, and operate the Data Custody Solution and to realize revenues and to manage, support, and operate Data Custody Solution; (vii) changes in finance, crypto currency regulation, securities, accounting or tax standards or policies, and determinations or interpretations affecting the recognition of gain or loss, the valuation of goodwill, the recognition of deferred tax assets and other matters; (viii) limitations on the effectiveness of the Company’s internal processes for risk management, risk control, measurement and modeling, and of models generally, especially as it pertains to blockchain, IPFS, and Masternode technology focused companies generally; (ix) whether the Company will be successful in keeping pace with competitors in exploiting and using blockchain, IPFS, and Masternode technologies; (x) the occurrence of operational failures, such as systems failures; and (xi) the effect that these or other factors or unanticipated events may have on the Data Custody Solution’s success and the additional consequences that this may have on our business and performance. The sequence in which the factors above are presented is not indicative of their likelihood of occurrence or the potential magnitude of their consequences.
Furthermore, readers of our White Paper should be aware that we anticipate that our business is subject to substantial and frequently changing regulations by international, federal, state and local authorities pertaining to personal and private data and digital assets, data storage, sales of digital assets and related software providers (collectively, the “Regulations”). Chief among these Regulations are those that deal with the privacy of data, personal identity, personally identifiable information, and related items, as well as Regulations pertaining to the protection of intellectual properties from infringement or misappropriation. Both classes of Regulations pose significant legal challenges to businesses such as ours, which may result in unanticipated financial outlays ranging from legal compliance to litigation. Violations of these Regulations could subject us to severe fines and possible exclusion from participation in the peer-to-peer/cloud data sharing, storage, and services industry. While the Company and the Operations Company have substantial experience dealing with both classes of Regulations, and will take all reasonable steps to assure that they do not run afoul of the Regulations, including through the use and sale of the AXEL Token, compliance with the Regulations cannot be absolutely certain.
Moreover, the peer-to-peer/cloud data storage and services industry is a notoriously dynamic, trend driven, and rapidly evolving marketplace, where the prevailing Regulations can change fundamentally in ways that present new compliance challenges (e.g., in 2018, the EU enacted the General Data Protection Regulation, which is anticipated to continue to pose significant compliance challenges to a variety of operations including our own). Therefore, we will have to assure that our products and services continue to evolve and meet the demands of such dynamic and evolving Regulations. The foregoing does not purport to be a final nor exhaustive recitation of the risk factors that we anticipate our business will face which are more fully described in the accompanying AXEL Offering Memorandum.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
Certain statements in this White Paper constitute forward-looking statements. When used in this White Paper, the words “may,” “will,” “should,” “project,” “anticipate,” “believe,” “estimate,” “intend,” “expect,” “continue,” and similar expressions or the negatives thereof are generally intended to identify forward-looking statements. Such forward-looking statements, including the intended actions and performance objectives of the Company, involve known and unknown risks, uncertainties, and other important factors that could cause the actual results, performance, or achievements of the Company in its development of the Data Custody Solution to differ materially from any future results, performance, or achievements expressed or implied by such forward-looking statements. No representation or warranty is made as to future performance or such forward-looking statements. All forward- looking statements in this White Paper speak only as of the date hereof. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in its expectation with regard thereto or any change in events, conditions, or circumstances on which any such statement is based. Prospective purchasers of the AXEL Token are not to construe this White Paper as investment, legal, tax, regulatory, financial, accounting or other advice, and this White Paper is not intended to provide the sole basis for any evaluation of an investment in an interest. Prior to acquiring an interest, a prospective investor should consult with its own legal, investment, tax, accounting, and other advisors to determine the potential benefits, burdens, and other consequences of such investment.
QUALIFICATIONS TO PURCHASE AXEL TOKENS
Evidence of accreditation status pursuant to Section 506(c) of the Securities Act standards may be required for US Persons to purchase the AXEL Token. Additionally, purchasers will need to provide investment entity information such as address and social security number or tax ID number to pass KYC (Know Your Customer) and AML (Anti Money Laundering) checks.