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CatalogueChapter 1 Background of the project development. 31.1 Blockchain and Gaming Applications.31.2 DeFi and the development of NFT.71.3 The rise of the Metaverse. 101.4 The birth of TRX HT. 12chapter 2 overview of the trx HT project. 142.1 Introduction to the TRX HT project. 142.2 Platform ecology building.162.3 Core Business Value. 22Chapter 3 TRX HT Technical System.273.1 Blockchain API.273.2 User service layer.293.3 Blockchain Underlying Services. 333.4 Security mechanisms. 383.5 Cross-chain communication protocols.393.6 Big data operational observations. 413.7 Basic Underlying Support.413.8 Non-homogeneous digital asset (NFT) data structures.54Chapter 4 TRX HT pass-through economic model. 564.1 The issuance and distribution of TRX HT.564.2 Incentives and circulation of TRX HT. 58—1—
4.3 POA mining mechanism. 624.4 Project development plans.64Chapter 5 Global Teams and Community Building.665.1 The Global Team. 665.2 Community building. 70Chapter 6 TRX HT Eco-Development Foundation.726.1 Foundation structure. 726.2 The Foundation's governance system. 78Chapter 7 Risk Warning and Disclaimer.81—2—
Chapter 1 Background of the projectdevelopment1.1 Blockchain and Gaming ApplicationsBlockchain is a bookkeeping technology that is jointlymaintained by multiple parties and uses cryptography to securetransmission and access, enabling consistent storage of data,making it difficult to tamper with and preventing repudiation, alsoknown as Distributed Ledger Technology.Blockchain technology is a new distributed infrastructure andcomputing paradigm, thanks to its features and advantages: ablockchain data structure to validate and store data, a consensusalgorithm of distributed computer nodes to generate and updatedata, cryptography to secure data transmission and access, andsmart contracts composed of self-scripting code to program andmanipulate data. In addition, blockchain technology is able toestablish reliable trust between peers in the network, making theprocess of value transfer free from reliance on intermediaries,making information public while protecting privacy, making jointdecisions while protecting individual rights.—3—
With the rise of the NFT model, blockchain, digital currencyand gaming will collide with new sparks, especially the NFT-ledDeFi ecosystem, driven by pledged lending and liquidity miningmodels, the whole market landscape is undergoing profoundchanges and the future advantageous market is full ofopportunities. Gaming is one of the earliest and largestblockchain application areas. Blockchain gaming is excitingbecause it empowers players and enhances their experience.Through blockchain gaming, players can enjoy several keybenefits, such as1) Ownership of game itemsAll props and elements in the game can be chained. Whetherit is scarce resources, rare props, coveted loot, as well ascharacters and avatars, any entity in the game environment canexist as a crypto asset. Typically, this is represented on existingblockchain networks as homogeneous tokens (in the form ofgame tokens) or non-homogeneous tokens (in the form of propsand avatars). The core component of a blockchain is that itprovides users with ownership of its value. When game elementsare on the chain, they can interact directly with the player. Whenavatars and accounts are linked to the player's wallet, players can—4—
send their collected loot, accumulated currency to their wallet,which they have earned during the game. In such a system,players can harvest what they have sown. They have a variety ofitems that are rare and will always belong to the player. Thedevelopers have no right to take back anything the player has won,and even if the game is closed, these items still belong to theplayer. They can send props etc. to other wallets and sell them toothers for a realistic profit. The player's ownership of their itemsallows them to pick up tangible fruits of their efforts andsuccesses.2) Demonstrable fair gameplayBad game play is bad. When players cheat their opponents,or when the game doesn't work the way people expect it to, theexperience is very bad for every player. Blockchain games allowfor "provably fair gameplay". When a game is on the chain, thegame logic and gameplay elements are also shared. Theconsensus mechanism that secures the blockchain network alsosecures the game. This means two things for players. One,cheaters or anyone else who tries to violate the player cannotsucceed. If their actions contradict the game logic, their activitywill be rejected; and two, the game is transparent.—5—
3) Cross-game communicationWhat do players do when they stop playing their favouritegames? Either they quit, or the game disappears. That is, eitherthe community leaves or the developers stop running it.Unfortunately, there's not much they can do about it other thanfind the next game and start from scratch. Games exist insuspended independent universes. As far as the industry isconcerned at the moment, there is no continuity betweendifferent games. With blockchain, this will change. When gamesand game assets exist on the blockchain, they can communicatewith any other environment that is on the same blockchain. If adeveloper makes a sequel to a game, then props from theprevious game can be carried over to the second game.Incarnations can be used in multiple games. Quests or events canbe carried out across games. What's more, the player may neverhave to start again from the beginning. Ideally, the player has asingle generic avatar that follows the player across games. Theplayer's virtual currency and props can be used across games.4) Reduce costsThe game development industry has a low payout rate andthe associated costs can be higher than the revenue. Without a—6—
good revenue model, even if the game has a certain user base,expenses such as game distribution, server maintenance, andplayer services may be a burden that developers cannot afford. Bybuilding games on the blockchain, all of these costs canpotentially be outsourced to miners or validators. Online gamesPublishing and distribution could be a zero-cost affair.5) Enhancing the player baseExisting and future players in blockchain games are aninteresting subset of the consumer base. These players take akeen interest in their gameplay and gain more attention throughgame revenue. Blockchain gaming connects developers with acommunity of 'super players' that have more resources andinvestment in gaming. This allows for a more positive, productiveand beneficial relationship than traditional gaming rivals.1.2 DeFi and the development of NFTWith the introduction of ethereum smart contracts, theconcept of DeFi, or distributed finance, emerged in 2018, in thesense that it has the ability to build financial scenarios throughcontracts that allow people to complete financial services withoutintermediaries, such as lending, stable coins, token trading,—7—
derivatives trading, insurance, forecasting, etc. It presents adifferent approach to what has been done before. It presents adifferent set of financial services to those previously completed.For example, it has a tamper-evident and transparent ledger,non-human controlled contracts, even the developers of thecontracts, the developers of the protocols, have no control overthe operation of the contracts, it is a new financial ecology withmany possibilities.DeFi offers unprecedented liquidity to the entire crypto worldthrough liquidity mining, pledged lending, automated marketmaking, etc. In 2021, DeFi becomes a more mature financialmarketplace and may even become part of central finance. Inaddition, NFT is also experimenting with possibilities in variousareas.The concept of NFT has since originated from a pop-up app,CryptoKitties, which stands for Non-Fungible Token, meaningnon-homogenous tokens, mainly issued by the ERC-721 standard.In simple terms, each NFT is a unique digital currency asset thatcan be circulated, traded and purchased, with different values andproperties from each other, and is not interchangeable.NFT non-homogenised tokens are unique, non-detachable—8—
Tokens, such as Tokenised game props, tickets, artwork, etc. NFTsare based on the ERC721 standard and later the ERC1155 protocol,where each ID represents not a single asset, but a class of assets,allowing multiple tokens to be created in bulk at once. Overall, anon-homogenised token is a unique digital asset. Assets likeBitcoin are fungible, meaning that all Bitcoins are identical andinterchangeable.Currently, we can now clearly see that the main applicationareas for NFT include games, artwork, domain names, collectibles,virtual assets, real asset pass-throughs (STOs) and other areas,with artwork and games in particular receiving more attention inthe market. Some game props and artworks are naturally uniqueand indivisible, which makes them suitable for coupling with NFT,and therefore NFT can effectively prevent counterfeiting andfraud of such items.The NFT market has been growing rapidly since the end of2020. There is growing interest from traditional companieslooking for new business. In addition, as the technology continuesto evolve, more money is coming into the sector. We have seen adramatic rise in interest in NFT in the crypto market in just thepast few months, with total transaction volume already exceeding—9—
billions of dollars. with a market cap of over 30 billion and24-hour trading volume of over 34, NF represents 0.7% of totalcryptocurrency transactions. While the current NFT share figuremay seem modest, its huge potential has caught the industry'sattention.In the context of global digital transformation, NFT will playan irreplaceable role in the future blockchain ecosystem, and mayeven become a key driver and cornerstone for many industries toachieve digital economic transformation. For exchanges, it isworthwhile to think deeply about how to seize the opportunityunder the new windfall and use it to promote the development ofthe digital economy.1.3 The rise of the MetaverseThe Metaverse is a concept that originated in science fictionor points to the 'ultimate form' of the internet, the term Metaverseis derived from author Neal Stephenson's science fiction novelSnow Crash, which describes a world where people interact withsoftware in three dimensions as avatars. The MetaverseConceptually, the term Metaverse is made up of Meta andVerse, with Meta standing for transcendence and verse standing— 10 —
for universe, which together usually denote the concept of'beyond the universe': an artificial space that operates parallel tothe real world. Looking back at the development of the Internet,from the PC LAN to the mobile Internet, the immersion of Internetuse has gradually increased and the distance between the virtualand the real has gradually decreased. In this trend, the Metaverse,where immersion and engagement are at their peak, is the'ultimate form' of the Internet.Technically, the metaverse will be supported by a number ofindependent tools, platforms, infrastructures, protocols and so on,as the traditional Internet demands more immersion, participationand permanence. As the maturity of technologies such as AR, VR,5G and cloud computing increases, the metaverse is expected togradually move from concept to reality.Meta-universe: virtual and reality are highly interoperable,with a closed-loop economy attached to an open source platform.Although there is no detailed description of the final form of themetaverse in the industry, we can still identify four core attributesof the metaverse by refining its characteristics.-Synchronisation and anthropomorphism. The virtual space ishighly synchronised and interoperable with the real world, and— 11 —
the interaction is close to real. This means that everything thathappens in the real world will be synchronised with the virtualworld, and that users will get near-real feedback when interactingin the virtual metaverse.-Open source and creativity. Open source means both opensource technology and open source platform. The meta-universesets up "standards" and "protocols" to encapsulate andmodularise the code in different ways, so that users with differentneeds can create in the meta-universe, forming a native virtualworld and continuously expanding the Meta-universe Edge.-Perpetual. The Meta-Universe platform does not "pause" or"end", but runs as open source and continues indefinitely.A closed-loop economic system. Users' production and workactivities will be recognised with a unified currency that playerscan use to spend content within the platform, or exchange for realcurrency at a certain rate. The economic system is the engine thatdrives the metaverse forward and forward.1.4 The birth of TRX HTTRX HT was developed by the IABNI Foundation technologydevelopment team in Singapore and is completely decentralised.— 12 —
The team sees the game as the primary form of the metaverse.In terms of product form, games are the prototype of themetaverse. As virtual worlds built by people based on simulations,extensions and pie-in-the-sky imaginations of reality, games havea product form similar to the metaverse in that.1) In terms of synchronisation and anthropomorphism, gamesgive each player a virtual identity, such as a username and a gameimage, and can form social relationships and meet new partners inthe game community by virtue of this virtual identity; at the sametime, games constitute a cognitively demanding environmentthrough a rich story line, frequent interactions with players,anthropomorphic graphics and coordinated sound effects, so thatplayers must use a lot of mental resources to focus on This resultsin what is known as 'immersion'.2) The open source and creative aspects, where the playerhas full freedom within the framework and rules set by the gameto simply enjoy the graphics and sound effects, but also to pursuethe ultimate in equipment and manipulation, etc.3) In terms of economic system, each game has its ownin-game currency in which players can shop, sell, transfer moneyand even withdraw cash. In summary, several basic needs of the— 13 —
meta-universe are integrated in the game, making it the mostlikely track to build the prototype of the meta-universe.Based on the convergence of Web 3.0, holographic internettechnology, blockchain and NFT, the values presented by themetaverse concept are in line with the core values of the internet.trx HT believes that the metaverse may be the ultimate form ofthe internet. Therefore, we have taken the game as an entry pointto create TRX HT - a virtual life blockchain game based on NFT meta-universe to make the link between reality and virtual moreefficient and the circulation of value more abundant.chapter 2 overview of the trx HT project2.1 Introduction to the TRX HT projectTRX HT combines the three blockchain categories of NFT,Metaverse and DeFi, aiming to create a decentralized onlinevirtual reality-based gaming platform that incorporates characters,props and life storylines into a virtual social, where players canpurchase weapons, battle armor, props and gems in the virtualworld. Engage in different collection raising virtual, life, actionand other games. TRX HT is therefore the first and only projectto cross the metaverse and NFT domains. all the benefits that TRX— 14 —
HT brings will be presented in the form of a native in-gametoken, TRX HT.The TRX HT game ecosystem combines strategy, collectionand development with strong gameplay. It is also the main bodyof the NFT metaverse ecology at this stage. TRX HT uses thegame as a diversion to create traffic for TRX HT in the earlystages, giving the token real circulation value, opening up thetransaction channel between users and the platform, providing abroader traffic support for TRX HT ecology 2.0, and thusbuilding a consensus base for TRX HT.The TRX HT Virtual Life blockchain gaming system isdecentralised, transparent and pass-through incentivised. TRXHT has quickly gathered a large group of top internationalblockchain talents, aiming to use the online gaming industry as anopportunity to drive industry change and create the world's topblockchain gaming infrastructure and NFT, meta-universeecological application system. trx HT integrates third-partyresources through blockchain network and token mechanism,making the online virtual environment and physical environmentbecome one, creating a borderless The TRX HT is a unique andunique platform for users around the world to create an— 15 —
unprecedented entertainment experience.In the future, TRX HT will continue to expand its diversifiedecology including storage cloud platform, game distributionplatform, game prop trading platform, NFT prop asset exchange,advertising platform, meta-universe mining and incubator toprovide complete gaming solutions for players, miners, R&D andchannel operators. Developers can also create blockchainapplications through the TRX HT toolset, as well as accesscomprehensive DeFi and NFT service support through otherplatforms.2.2 Platform ecology buildingAs a blockchain game underpinned by the NFT, metaverseand DeFi concepts, TRX HT contains the following corecomponents in terms of platform ecology building.1) NFT game systemWith the support of TRX's underlying technology, TRX HTcan provide developers on the Dapp with an easy-to-use andcomplete blockchain game infrastructure, including a visualdevelopment kit and on-chain ecological environment, so thatdevelopers do not need to focus on the implementation of— 16 —
lopment of blockchain games in a graphical way, with a lowthreshold and fast and efficient. A fair, just and open gamingenvironment with transparent data, transparent rules, no backendmanipulation of prop drop rates and malicious induced spending,and a long-lasting, secure and decentralised preservation ofgamers' assets. At the same time, TRX HT hopes to carry thevalue fission of the digital asset economic model through the NFTmodel, helping developers and players to achieve a betteralignment of interests by.-an application development framework for multipleoperating systems and multiple blockchain environments,supported by the TRX underpinning.-Provides fully scripted, component-based and data-drivenapplication development tools.-A high performance application oriented, leveraging theexisting toolset, tightly integrated with the blockchain interfacelayer, allowing all games to easily support blockchain.-Enables the NFTification of game assets and props, allowinganyone to participate in the generation, production, investmentand collection of NFTs, giving better value to every subject— 17 —
involved in the game.In addition, TRX HT is able to support third party developersin programming, debugging and publishing decentralised gamingapplications and hybrid architecture gaming applications forblockchain environments. At the same time, TRX HT integrates adistributed blockchain-based user account system, wallet and NFTdigital asset circulation, enabling the off-chain permanent storageand cross-chain use of in-app game asset NFT. This results in.-helping aspiring game product derivative developers toasset the content they produce, enabling them to continuouslyearn revenue from the use, management and circulation of theirassets, and providing a convenient, decentralised distributionchannel for their games-Helping fans and players to transform the data formed bytheir time and energy consumption and the props obtained bytheir consumption into assets that can be safely stored andcirculated, and giving players the right to manage andcommercialise them.2) Meta-universe game ecologyTRX HT believes that in the internet world created by the— 18 —
metaverse, people are both participants and creators. Theexperience people have with virtual games now is unmatched bythe unparalleled excitement and tremendous explosive power thatthe metaverse brought at that time. In the future, as VR and ARtechnologies continue to develop and blockchain technologysupports transactions, this blockchain-based decentralisedplatform, Metaverse, is expected to move from a certain gamingcrowd to a larger audience. Within the crowd, the line betweenreality and gaming will become more blurred, with the virtualcoming closer to reality.As far as current technology is concerned, the most likely wayto realise the metaverse concept is through gaming. The virtualreality requires a large amount of technology to recreate reality,which is what the gaming sector specialises in, and can even besupplemented with VR and AR technologies to enhance the userexperience in order to increase immersion, which is somethingthat games can achieve. to build its own metaverse model.In TRX HT's Virtual Life blockchain game, the metaverseconcept has the following key features.-Identity-Friends— 19 —
-Immersiveness-Anywhere-Variety-Low Friction-Economy-CivilityThe TRX HT metaverse game ecosystem builds game worldsthat enable gamers to use specific blockchain assets in each gameof the game multiverse, a truly user-owned virtual world whereusers have full control over the content environments andapplications they create, which can range from any static 3Dscene to applications or games with more interactive features.The TRX HT metaverse gaming ecosystem also aims tocreate a deeply immersive virtual world in which players cancollaboratively create virtual worlds and games without the needfor central authority management, disrupting existing gamemakers and allowing players to build, own and monetise gamingexperiences in the blockchain using the platform's utility tokenTRX HT.— 20 —
3) TRX HTSWAP ExchangeTRX HTSWAP is a decentralised exchange that supportsmultiple chains, and the multi-chain cross-chain solution providesa solution for asset circulation, transfer and trading acrossdifferent channels. The platform token TRX HT incorporates theNFT concept, increasing its resilience to external volatility andreducing the magnitude of fluctuations in the value of the pass.This further completes the V decentralised infrastructure andcreates a decentralised virtual world in line with the blockchain'smission.TRX HTSWAP will build the most secure, stable and efficientdigital currency value network for global users and provide thebest quality digital currency services. TRX HTSWAP hasdeveloped its own aggregation system, which is capable ofhandling millions of transactions per second. In addition, in orderto meet the diversified needs of users, TRX HTSWAP has not onlydeveloped an advanced aggregation system for coin exchange,but also opened up a secure and efficient C2C trading service discriminatory trading environment for users usingblockchain technology and the pass-through economic model.— 21 —
In the future, TRX HTSWAP will continue to upgrade theplatform technology and improve the ecological system whilefocusing on improving the user experience, and accumulatedistributed ecological resources and energy with scientific andefficient management and operation, and export this energy tothe whole industry. This will create a trustless and highlydecentralised financial infrastructure for global users.2.3 Core Business ValueWith the concept of applying the NFT, Metaverse and DeFiconcepts to the gaming ecosystem, TRX HT will open up a newera of the Internet of Value, supported by the core ecosystem ofthe NFT gaming system, the Metaverse gaming concept and theTRX HTSWAPexchange.Thanksto the advantagesofcontinuously evolving and innovative technology, extensivecommercial applications and refined governance, TRX HT iscompetitive in the following areas.-Technology: TRX HT has a very mature and strongtechnical support, and has accumulated rich industry andtechnical experience in various fields such as blockchain, gaming,artificial intelligence, NFT, metaverse, VR/AR, etc. It has madeindustry-leading breakthroughs in the development and— 22 —
application of the underlying blockchain technology.-Industry resources: The TRX HT team is a perfectcombination of senior people with many years of practicaloperational experience in multiple industries and deep insightsinto industry development. In addition, TRX HT will sign strategiccooperation agreements with top leaders in the target industry,which will provide strong support for TRX HT's entry into thetarget industry, thus truly driving the practical implementation ofthe TRX HTNFT metaverse game application.Business Governance: Unlike typical gaming projects, TRXHT has a clear and well-defined strategic plan for the targetindustry and a self-governing community model that continues toempower a free, fair and high-value ecosystem to flourish. valueto penetrate and rapidly gain market share in targeted industries.TRX HT's funds will be managed under the auspices of theTRX HT Eco-Development Foundation, in strict compliance withthe principles of fairness, impartiality and openness, and with thedevelopment of TRX HT as the primary objective. The use of TRXHT's funds will be disclosed to all investors on a regular basis toensure that the funds are used openly.-The trillion dollar gaming market is the target industry for— 23 —
TRX HT. The development team has developed a soundgovernance structure to ensure sustainability through theeffective management of general proceedings, code entandprivileged scope of operations.In summary, TRX HT has a clear commercialisation logicsupported by its core competencies, and based on the TRXframework system, each technical aspect and organisation of TRXHT has a strong specific and logical DNA, and on this basis,numerous modular and transformative technical solutions ormechanisms are proposed.1) User ecology-TRX HT will create a unique pass for all users of digitalencryption - TRX HT.-Provide users with a low threshold and high security wallet,becoming a secure payment platform for players to participate inthe chain game.-Create a digital token that circulates in the global gamingscene: TRX HT supports transactions and settlements across theecosystem.— 24 —
-Build a virtuous and sustainable ecology around users,including NFT games, pledge mining, etc.2) Technical aspects-Blockchain functions are modularised and integrated intothe TRX engine and its front-end development tools, directlycovering DAPP third-party developers, penetrating TRX HTtokens into hundreds of thousands of games and applications,covering more than one billion users worldwide.-Integrating blockchain technology into the back-end servicelogic, using node servers around the world to provide developerson DAPPs with a fast communication solution and a trusted smartcontract server mentation and development community around developersto provide the most complete and convenient developerecosystem.3) Operational level-TRX HT will work with professional global distributionteams for games and applications, integrating the content of theTRX HT payment system for global operations, ensuring the— 25 —
global circulation of TRX HT.-TRX HT will continue to improve the DAPP chain gameplatform and will enter into strategic partnerships with top globalmedia giants to promote games and products based on TRX HTtechnology.4) Incentive levelAt TRX HT, users can order games through a specialinterface. The brand commercial can choose a number of settingsfor the games and slots. The interface then calculates the cost ofthe game. Anyone wanting to play the game forms a smartcontract when the campaign is ready. Any participant who wantsto play the game must pay a fee. There are several ways to getTRX HT tokens and be able to join the game. During registration,users use the social network to confirm their identity. In order tojoin, they will receive tokens. Firstly, these tokens can only be usedto check the game. Only after receiving the reward can the userexchange the tokens for prizes or cash them in.Redeeming tokens for prizes or cashing in. When an existinguser invites a friend to join TRX HT, they will receive a tokenreward. Once an invited user joins at least one game, tokensbecome available. Another way to obtain tokens is to buy them— 26 —
from an external exchange. Each user account is connected to awallet address. Users can add tokens they have purchased outsidethe system to this wallet.Finally, each time a user wins a game, t
broader traffic support for TRX HT ecology 2.0, and thus buildingaconsensusbaseforTRXHT. The TRX HT Virtual Life blockchain gaming system is ed.TRX
