# Fruits Eco-Blockchain Project: Whitepaper version4.0.0
# Foreword Fruits Eco-Blockchain Project (hereinafter, referred to as “FRUITS“ and/or “the FRUITS Platform”) is a project launched in Singapore. We have been searching for the right flow of donations and fundraising to solve various problems that occur around the world. It is no exaggeration to say that donations and fundraising are the key to solving the problems of hunger, poverty, and inequality around the world. We believe that money and information to protect people and children, who have a future, is being used in the wrong way. However, that thought alone was not enough to provide a clear reason for the project to exist. In the midst of this, as we entered 2021, we refocused on the features of the PoC consensus algorithm, which is technical framework of this project. As a result, to implement the project's unique features and attractions, we have decided to present the project as an eco-blockchain project that aims for a sustainable ecosystem, rather than just a crypto-asset project, with a significantly updated whitepaper. # Abstract A sustainable eco-blockchain, which is the basis of “FRUITS,” is built through PoC and multi-layered smart contracts. With the goal of “Your spending leads to another’s saving”, when someone makes a payment with Fruits coin(s) it is also directly connected to charity. In addition, a series of mechanisms are built in as a multi-layered smart contract, such as offering a coin exclusive to donations to those who make a payment and/or donate with Fruits coin(s), and then rewarding the donors with tokens after donating with the donation coin. With this system, it creates a win-win scenario for both the donor and the recipient because a reward token will be distributed to those who spends and/or donates. In other words, the system establishes a series of incentives for people to use Fruits coin(s). The issues that we aim to solve through this system are in line with the common issues around the World which are represented in each of the SDGs, proposed by the United Nations. This project’s initiative is an important approach to solving the problems of the SDGs. We believe that this will lead to a cycle of concrete and immediate support and assistance to achieve economic, health, and educational independence with people around the world. There are also other reasons why we use PoC for our consensus algorithm. It makes it possible for us to create a power-saving ecosystem with concrete policies to deal with global environmental issues, such as, CO2 emissions and increasing power consumption. # 1. Basic development of FSFP(Fruits Social Finance Platform) The FRUITS established regional bases named Fruits SDGs Stations in underdeveloped countries in accordance with each region’s climate, culture and characteristics to provide direct help to people in need. In order to incentivize charity, users are automatically granted Thanks Fruits Seed Tokens (TFSTs) following their Smile Coin donation to a Fruits SDGs Station. Each TFST will hold different meanings. As an example, one TFST may act as a lottery token, giving the contributor back more FRTS than before. Users will also earn Smile Coins when they make a transaction on the NFT marketplace, getting another chance to donate and receive Seed Tokens.

Figure 1: FRUITS Eco-Blockchain Project Overview

# 1-1. The FRUITS Multi-layered Smart Contract Please look at Figure 2 for the basic concept of the “FRUITS” unique multi-layered smart contracts.

Figure 2: Basic Concept

Spend or make a donation with the Fruits coin(s) in your Fruits Wallet. Smile coins will then be granted according to the content of your spending or donation. Donate the Smile coin that you are given within the dedicated donation platform. You will then be rewarded Seed Tokens (TFSTs) that can be used for different purposes. At first glance, it seems simple. However, this series of mechanisms leads to the realization of the unique functions implemented by the features of our PoC consensus algorithm. It is this simple functionality that makes it possible to create a new ecosystem that will change the future. # 1-2. The FRUITS Service Configuration Diagram

Figure 3: Diagrams of Fruits Wallet, Fruits Station, etc

The main services of FRUITS are as follows: First, each user must download and create an account on the FRUITS Wallet App and/or Web Wallet. From the Wallet, access the FRUITS SDGs Station to donate FRTS and Smile Coins. Once donating Smile Coins, you will be rewarded with various TFSTs (Thanks Fruits Seed Tokens: hereinafter, referred to as "Seed Tokens"), and each Seed Token has a different purpose and value. # 1-3. "Fruits SDGs Station" - the mechanism for expanding the FRUITS ecosystem around the world In this project, the Fruits SDGs Stations shown in Figure 3 will be set up as support bases in major cities around the world, and approaches to the SDGs will be taken in consideration of the climate, culture, and characteristics of each region. The reason being, even if the SDGs are mentioned in one keyword, the causes of the issues vary from country to country and region to region. Therefore, it can be said that the mission of this project is to support activities to implement solutions to these issues in a more concrete and rational way.

Figure 4: Objective diagram of Fruits SDGs Station

In this project, the Fruits SDGs Stations shown in Figure 4 will be set up as support bases in major cities around the world, and approaches to the SDGs will be taken in consideration of the climate, culture, and characteristics of each region. The reason being, even if the SDGs are mentioned in one keyword, the causes of the issues vary from country to country and region to region. Therefore, it can be said that the mission of this project is to support activities to implement solutions to these issues in a more concrete and rational way. The objectives of this Fruits SDGs Station are as follows: : Acting as a regional base for the implementation of a money transfer network that connects the world and eliminates the need for transaction fees (gas prices). : In some countries and regions, there are many people who do not even have a bank account. This project will serve as a regional base to educate and enlighten these people about asset protection and the convenience of money transfer, and to support the spread of wallets and cash exchange. : Acting as a regional base to support the achievement of the SDGs goals, taking into account the climate, culture, and characteristics of each region. : The regional base will promote new exchanges, trades, and travel by networking with the rest of the world. : Acting as a regional base for the promotion of donation crowdfunding and direct donation to various regions, organizations and individuals. As a regional base for these roles/objectives, FRUITS aims to create a flow of people, generate new jobs and economic activities, spread FRUITS activities around the world, contribute to supporting the independence of the region and individuals through the FRUITS ecosystem, and bring smiles to people around the world. # 1-4. Charity activities in partnership with international external organizations Approximately 800 million of the world‘s 7.5 billion population suffer from hunger and malnutrition, while nearly 2 billion have color-related lifestyle-related diseases such as obesity. Our project is committed to eliminating this global color imbalance and simultaneously improving the health of people in both developing and developed countries. Our program of delivering school meals to children in developing countries while encouraging healthy eating habits in developed countries can help achieve the seven goals of the SDGs. Children can be educated and gain the knowledge to get out of poverty by eating school lunch. We also contribute to poverty alleviation by purchasing ingredients from local farmers and providing agricultural technical guidance. We provide environment-friendly products at employee cafeterias, restaurants, supermarkets, etc. in developed countries, and at the same time provide nutritious school meals in developing countries with a part of the donation. In developing countries, the provision of school meals is directly linked to educational opportunities for children. When school lunch starts, the school enrollment rate and attendance rate in school classes will improve dramatically. Instead of using firewood to cook school lunches, we use solid fuel made by reusing garbage such as sawdust to prevent deforestation. Agricultural support recommends the cultivation of native and endemic species. We work with companies, local governments and program participants to promote our activities. We have partnerships with about 700 companies and organizations in developed countries and 10 organizations in support recipients. We will strive to eliminate poverty by delivering warm school meals to children living in poor areas of Africa and Asia. In recent years, we have delivered about 6 million meals (for about 25,000 people) every year. The mechanics of our program, which converts excess calories in developed countries to calories ingested in developing countries, have also helped eliminate inequality.

Figure 5: The global food imbalance

We will contribute to the achievement of the Sustainable Development Goals (SDGs) through its meals sharing program by promoting healthy eating in developed countries and serving school meals to children in need. The Sustainable Development Goals (SDGs) are a collection of 17 global goals designed to be a "blueprint to achieve a better and more sustainable future for all.

Figure 6: Our achievement of the Sustainable Development Goals (SDGs)

Regular school meals are important for children. Not only are they helping children maintain good health, but it’s also helping them to start school. Satisfied children will be able to focus more on their classes. Furthermore, running the school meals program has been helping adults realize the importance of education and nutrition in the local community.

Figure 7: Beneficiary schools and students as of 2018

We support school meals, community and school gardens, and sustainable school meals in seven countries in East Africa: Uganda, Ethiopia, Kenya, Tanzania, Malawi, and Rwanda.

Figure 8: Our support system

We also support the establishment of school and community gardens for sustainable development in the areas we support. Many of the residents are small scale farmers who have not had an opportunity to learn about efficient agricultural practices and have limited knowledge of how to grow high value crops. We work to improve the knowledge of children and farmers by providing guidance on how to improve agricultural productivity. Through our experience with the school meal program, we have found that there are some challenges that many communities have in common regarding the provision of school meals. For example, poor food storage conditions cause damage to maize and soybeans due to insects and mold, and high prices due to lack of knowledge about the market price of ingredients are common challenges not only in the areas TFT supports, but also in many other communities . We are also proactively working on measures to resolve these issues. We also support projects that provide shoes that are environmentally friendly. Currently, more than 25 billion shoes are sold annually worldwide. Half of the products, such as sneakers and sandals, use PU and PVC (oil-based) materials in a very high proportion. In addition, EVA (vinyl) material is often used for the midsole part of sneakers and the like. After these shoes are worn out, they are mainly disposed of by burying them as non-burnable garbage, which is one of the main factors that cause environmental nightmares due to their low degradability, which has been regarded as a problem in recent years. VOCs (volatile organic compounds) affect the formation of ground-level ozone, which is harmful to human and animal and plant life.
Natural rubber foam material was born with the intention of eliminating these problems and making shoes with a low environmental load. "This product is infinitely harmless to human and animal and plant life." Natural rubber made from the sap of naturally grown rubber trees is a very good material to meet these environmental issues. By reducing the use of organic solvents that are normally used and of concern for human health and the environment, and by using water-soluble synthetic leather (PU) that does not contain organic solvents as the upper material, we are able to do so. We are considerate of health and the environment. In addition, by using natural rubber foam material, we are contributing to SDGs by using soles (outsole) that have achieved "biodegradation" that is difficult to achieve with other sole materials.
# 1-5. Cryptocurrency Regulations in African Countries African countries are no strangers to the use of digital solutions for money transfers, nor to the rapid implementation of such technologies. It is often said that the pervasiveness of mobile telecommunication usage in Africa, enabled the continent to leapfrog many first-world countries. Mobile phone usage grew from less than 3% to 80% in under a decade. There is already an abundance of local mobile and e-payment platforms that have seized this as an opportunity to develop innovative ways to reduce the friction associated with transferring money across the continent. An example is Kenya’s M-Pesa, which has been around since 2007. The platform, which allows customers to send and receive money via mobile phone, already handles transfers of more than 25% of Kenya’s GNP, leading to greater consumer confidence in financial technologies. Sub-Saharan Africa is also reported to have the second highest population of unbanked adults in the world, at about 350 million people, or 17% of the global total. Reportedly, two thirds of Sub-Saharan Africans do not have a bank account. Despite this, a high percentage of migrant work, both within and between African countries, results in a disproportionate need for remittance mechanisms outside of traditional banks. Foreign remittance remains a primary source of income for many African communities and households, with countries like Lesotho purportedly attributing almost a third of their GDP to remittances from abroad. These, amongst many other factors, create the ideal environment for new ways of moving value, and present many of the challenges that distributed ledger solutions aim to solve. This also presents the potential for greater socio-economic inclusiveness, such as through enhanced financial security. So to what extent has blockchain and cryptocurrency been embraced in Africa? The results are mixed. Whilst the private sector is blazing ahead in many countries, governments have been apprehensive and reserved, and in some instances unreceptive. Countries such as Zimbabwe and Namibia have reportedly begun with a hard stance, whilst Mauritius is a regional frontrunner. The regulatory sandbox created in Mauritius, for instance, demonstrates a progressive take on the general economic benefits that could follow a friendly, and even incentivized, approach to cryptocurrencies, This creates another dimension for the potential for African countries to develop regulations around blockchain and cryptocurrency, with an intention to incentivize foreign direct investment. Please refer to the following for introducing the regulations related to cryptocurrencies of major countries in Africa, which will be closely related to our project in the future. **Kenya** Kenya does not yet have a blockchain regulatory framework in place. However, Kenya’s National Land Commission has welcomed the use of the blockchain network in creating transparency of land ownership, as it will alleviate potential fraudulent sales of land, and confusion over title to land. • Land Layby Group allows individuals to securely purchase property in Kenya, by accurately mirroring the Government Land Registry systems on a blockchain network. Potential purchasers can now review the accurate ownership records of the Government Land Registry systems on a tamper proof digital form. Land Layby Group believes that by using blockchain to publish the land records online, the risk of multiple titles for the same piece of land will be eliminated. The Law Society of Kenya has reportedly filed a lawsuit in an attempt to stall the implementation of digitizing title deeds using blockchain technology on the basis that (1) the Kenyan legislature has not yet passed any laws which would support such an initiative, thus opening up the possibility that any progress could be reversed by a successive executive, and (2) thousands of land ownership cases currently before the courts could be hindered by a digital record purportedly proving ownership prior to the dispute being properly resolved by the judiciary. Another initiative in the private sector is the launch of TMT Global Coin, a blockchain-powered logistics company that hopes to improve cargo logistics globally by using blockchain technology through smart contracts to improve the transparency and authenticity of records in imports and exports. • The National Transport and Safety Authority has announced its intention to roll out an electronic motor vehicle identification service in Kenya where all motor vehicles will have an electronic sticker placed on the windshields, detectable only via the use of specialized technology, thereby assisting in the recovery of stolen vehicles. The network will be run on a shared blockchain platform which will alert various government agencies of the theft, including inter alia, the Kenyan Revenue Authority and the Kenyan Police. • Kenya’s public health sector is also attempting to install a smart platform in all public hospitals creating a shared blockchain hub where patients’ information and medical history may be shared. This will also enable nurses in rural areas to treat patients based on a doctor’s advice obtained elsewhere. In addition, the Kenyan government is seeking to link the National Registration of Persons Bureau database to the closed circuit television cameras manned by the Kenyan Police, thereby enabling face recognition via blockchain technology. In contrast, the Central Bank of Kenya’s governor has purportedly rejected the use of virtual currencies in Kenya due to their unregulated nature. In addition, the Central Bank of Kenya has repeatedly stated that it does not support the use of cryptocurrency within Kenya. On 28 February 2018, the Kenyan government (through its ICT Cabinet Secretary) announced that it would appoint an 11-member task force to explore the use of distributed ledger technology and artificial intelligence. This comes after the President of Kenya announced his intentions for Kenya to explore the opportunities in the new technology found in the fourth industrial revolution. This is a decidedly more positive response from the Government of Kenya who had previously referred to bitcoin as “a pyramid scheme”. In Lipisha Consortium Ltd and Bitpesa Ltd v Safaricom Petition \[2015] eKLR (the Lipisha Judgment), the court ruled that Bitcoin represented monetary value and that Safaricom was justified in suspending the services of Lipisha Consortium Ltd and Bitpesa Ltd, after Bitpesa Ltd dealt in money remittance services using bitcoin without first receiving the approval of the Central Bank of Kenya. • The Lipisha Judgment therefore sets a precedent for potential future sanctions by the Central Bank of Kenya against companies dealing in cryptocurrency in Kenya without first seeking its approval. • In November 2017, three traders were charged with conspiracy to commit a felony in Nairobi in connection with the theft of 10.2 million Kenyan Shillings. Apparently, the traders had helped an unknown and untraceable individual purchase cryptocurrency using the alleged stolen money. This case brought the importance of strict AML and KYC procedures to the fore. The Central Bank of Kenya has expressed negative sentiments regarding the use of virtual currencies and this may hamper regulatory developments. • The use of the blockchain network to clarify land title ownership may in fact result in an increasing number of disputes regarding the ownership of land. Due to the precedent set by the Lipisha Judgment, there may be future litigation regarding the use of cryptocurrencies without the Central Bank of Kenya’s approval. **Tanzania** In 2017, the Director of National Payment Systems of the Bank of Tanzania confirmed that cryptocurrencies are “not recognized in the country and whoever uses it will not get any assistance from (the Bank of Tanzania) should anything happen.” In January 2018, the Bank of Tanzania further claimed that cryptocurrencies were a threat to East Africa’s plan to launch a single, common currency which would be used across borders between the East African countries. The director stated that the plan to launch a common East African currency was still underway despite the popularity of cryptocurrencies. In addition, the Assistant Manager of the Safe Custody Centre at the Bank of Tanzania commented that “\[i]nvestors in cryptocurrencies should be aware that they run the risk of losing all their capital.” Despite the Bank of Tanzania’s concerns, Tanzania reportedly has a large cryptocurrency mining 13 sector and is rated 120 out of the 219 countries that are actively involved in bitcoin mining. Tanzania’s electricity consumption in cryptocurrency mining is predicted to amount to more than the entire country’s non-cryptocurrency related electricity consumption per year, and this is expected to increase by about 30%. The Director confirmed that there is no legal framework in Tanzania to regulate cryptocurrencies through the Bank of Tanzania. As such, the Director stated that the Bank of Tanzania “is currently studying internet currencies with a view to finding a permanent regulatory solution.” Further, the Director commented that the Bank of Tanzania is worried as “cryptocurrencies are not issued by traditional institutions such as central banks. This amplifies the risks of financial instability.” Formal legal action There has been no litigation or court action reported in Tanzania yet. The Bank of Tanzania is currently attempting to study cryptocurrencies but has not, as yet, released any regulatory guidelines. Further, the insistence that cryptocurrency will threaten the launch of the common East African currency may lead regulators to issue stricter legislation in an effort to quash the potential use of virtual currencies. **Ghana** The Bank of Ghana has announced that the trading and use of cryptocurrency in Ghana is not yet legal because it is not recognized as a legitimate form of currency. This is because all media of exchange in the country must be supported by the Bank of Ghana, which has not yet approved the use of cryptocurrencies. The Governor of the Bank of Ghana stated that the necessary regulations to support the use of cryptocurrencies do not currently exist in Ghana. However, the Bank of Ghana has drafted a Payment Systems and Services Bill (Ghanaian Bill), which it believes will enable the regulation of cryptocurrency in Ghana in the future. After a preliminary review of the Ghanaian Bill, there seems to be no reference to cryptocurrency, blockchain or digital currency, however cryptocurrencies will apparently be regulated through companies registered with the government as “Electronic Money Issuers.” The Bank of Ghana has discouraged the use of cryptocurrency until the promulgation of the Ghanaian Bill. In Ghana, more than 80% of landowners lack official title deeds with the Land Commission of Ghana and most land is held customarily through oral agreements. To resolve this, Ghanaian start-up Bitland is using blockchain technology to mirror official title deeds, thereby boosting the integrity of the land records held with the Land Commission of Ghana. Bitland believes that after their land is clearly registered on the blockchain, landowners may finally be able to apply for loans and mortgages with their banks. Land Layby Group, a Nairobi based real estate company, allows individuals to securely purchase property in Ghana, by accurately mirroring the Government Land Registry systems on the blockchain network. Potential purchasers can now review the accurate ownership records of the Government Land Registry systems on a tamper proof digital form. Land Layby Group believes that by using blockchain to publish the land records online, the risk of multiple titles for the same piece of land will be eliminated. A similar business model has been launched by Ghanaian based start-up, BenBen. Formal legal action There has been no litigation or court action reported in Ghana yet 5 Risks highlighted and key observations The disapproval of the use of cryptocurrency by the Bank of Ghana and the lack of clear regulation by the Ghanaian Bill may create uncertainty and possible sanctions by the regulatory authorities in future. **Nigeria** In early 2017, the Central Bank of Nigeria warned financial institutions not to use, hold or trade virtual currencies pending “substantive regulation or decision by the (Central Bank of Nigeria) as they are not legal tender in Nigeria.” Further, the Central Bank of Nigeria stated that banks who trade in cryptocurrencies do so at their own risk. The Central Bank of Nigeria cited its skepticism of cryptocurrencies on the possible exploitation of Nigerian citizen by criminals and terrorists. • Despite these warnings, a bitcoin-related Ponzi scheme reportedly resulted in almost 2 million Nigerian residents losing a combined USD 50 million in early 2017. • Following this, the Nigerian Deposit Insurance Corporation (the NDIC) warned Nigerians that they would not be afforded consumer protection or insurance from the NDIC when trading in cryptocurrencies as virtual currencies have not been issued by the Central Bank of Nigeria. The NDIC stated further that “\[n]o central bank will accept digital currency as a substitute for its national currency or part of its monetary system, when it is not able to control it.” • In late 2017, the Deputy Director of the Central Bank of Nigeria commented that the “Central bank cannot control or regulate bitcoin. \[The] Central bank cannot control or regulate blockchain. Just the same way no one is going to control or regulate the internet. We don’t own it.” Despite this, the Deputy Director announced that the Central Bank of Nigeria has “taken measures to create four departments in the institution that are looking forward to harmonis\[ing] the white paper on Crypto currency.” • In January 2018, the Governor of the Central Bank of Nigeria stated that “Cryptocurrency or bitcoin is like a gamble…We cannot, as a central bank, give support to situations where people risk their savings to ‘gamble’.” The Governor stated further that the Central Bank of Nigeria may, in future, “make some very concrete pronouncements as to the direction \[of the regulation of cryptocurrency].” • Despite the above response by the Central Bank of Nigeria and the NDIC, Nigeria reportedly has the world’s third largest bitcoin holdings as a percentage of gross domestic product. In contrast, the Nigerian Senate has launched an investigation into “the viability of bitcoin as a form of investment.” Formal legal action There has been no litigation or court action reported in Nigeria yet. 10 Risks highlighted and key observations • A circular has been released by the Central Bank of Nigeria prohibiting the trading of cryptocurrencies by financial institutions in Nigeria. It would seem that a violation by the financial institutions of this circular would result in sanctions by the Central Bank of Nigeria. • The slow acceptance of cryptocurrencies by the regulators is notable considering that Nigeria is reportedly the third largest holder of bitcoin in the world. (Quate; /media/files/insight/publications/2019/02/report\_blockchainandcryptocurrencyreg\_fe b2019.pdf) # 1-6. Overview of FRUITS PoC Technology and Original Blockchain This chapter provides a technical description of how FRUITS will be implemented. # 1-6-1. Decentralized Network of FRUITS The following diagram is often used as a commonly accepted image of a blockchain, but there are various physical problems to be solved in order to actually build a decentralized network. For example, if we try to construct a decentralized network from the conceptual diagram shown in Figure 9(A), it will look like Figure 9(B) due to the infrastructure such as transactions between each node (terminal: node). In Figure 9(B), a small central node exists in the center of each group (node with more than one contact point), which is the starting point when connecting distant nodes when the adjacent nodes are physically configured. As a result, the transaction to this node increases and the node becomes overloaded.

Figure 9: Reticulation and star diagram

In addition, there are transaction congestion problems. For example, suppose there is an active transaction between the area of node A (Figure 10: a0 to a4) and the area of node B (Figure 10: b0 to b2). In this case, if the mining process is concentrated, the network around the small central node (the starting point) will be overloaded, and if no measures to avoid this overload are taken, the transactions will increase and become congested. Avoiding these node overloads and transaction congestion is the solution to speeding up distributed networks, and there are many ways to avoid this in Blockchain.

Figure 10: Avoiding transaction congestion by detour and time difference

We are solving this problem by using an AI (Artificial Intelligence) Genetic Algorithm (GA) and Neural Network (NN) (Shown in Figure 10(B)). In the search for the shortest path, the line connecting each node is regarded as a road, and environmental factors and transaction types are quantified and patterned, and the information is accumulated as knowledge and shared with each node. In order to cope with the next possible load (traffic jam), the optimal pattern is always sent to each small central node (a0, b0), and the small central node sends the data to each node where the mining work is actively performed. The small central node sends the data to each node where the mining work is actively performed, thereby improving the efficiency of the mining work. Basically, the transaction between nodes is one-way as shown in Figure 11. However, as a whole, these transactions form a loop-like structure and are linked together to form a single Blockchain network. The network routes are assigned parameters as shown in Figure 11(B), and the route numbers of all networks are all unique numbers. This unique number allows all nodes to share and access all data, even if each node does not have all the route information.

Figure 11: Parameter substitution for shortest path search.

As an even more efficient way to avoid traffic jams, we have adopted a unique method called radar scanning (Figure 12). We send a random token in between certain triggering signals, i.e., the mining process. Periodically, each node communicates with each other, and each node in the data keeps approximate location information (its position in the FRUITS Blockchain network), finds the shortest path to its neighborhood, and sorts the information. This sorting method incorporates random intersections as shown in Figure 12 to have knowledge of node areas and routes that change in real time.

Figure 12: Relationship between radar scanning and GA intersection settings

Figure 13: Information sharing and routing among Small Central Nodes

This allows each node to select the optimal transaction while avoiding traffic jams. # 1-6-2. High-Speed Transactions A mechanism to allow different tokens to coexist in the same blockchain FRUITS allows for the creation of original tokens. However, managing a separate block for each token would increase the data size, complicate the storage method, and slow down the PoC mining process. Thus, FRUITS solves this problem in the following way: As shown in Figure 14, the maximum number of transactions that can be recorded in each block is 256, and a masking filter is added to the header of the contract (data structure before encryption) of this base transaction.

Figure 14: Mechanism to allow different tokens to coexist in the same blockchain

The masking filter is set to 32 bits (= 4 bytes). The number of combinations is 232 = 4,294,967,296, which is about 4.3 billion. By adding this to the head and storing a total of 256 transactions in each block, about 4.3 billion different tokens can be stored with the same hash formula. In other words, the conventional method of recording hash data in PoC can only control one type of token per one type of encryption method, but with this method, a large number of tokens can be handled.

Figure 15: Instantaneous sorting

In addition, this method can also achieve high-speed processing when retrieving information recorded in a block. During actions, such as, allowing services like transaction sites to reference transactions and view recorded information, with this filter, you can instantly search and display only the necessary data from a huge amount of data at high speed. # 1-6-3. Low Power Consumption Please find below a brief explanation of PoC: It stands for Proof of Capacity, which is a mining process by capacity. This consensus algorithm requires significantly less power than the others.

Figure 16: Main mining process procedure

The FRUITS mining system does not use a method that calculates hash values for each block created but instead, it uses a method that searches for hash values from cryptographic data created in advance (e.g., a plot file containing nonce with a scoop consisting of pairs of hash values). Therefore, the system can perform mining with low power, low noise, and low heat, and is an excellent system in terms of energy efficiency. In addition, since a hard disk drive can be used as a storage medium for storing cryptographic data, compared to dedicated hardware such as ASICs, there is no need for expensive investment, many miners can participate, and mining can be conducted relatively equally. Of each node, the node with plotter function, called a full node, calculates hash values by a certain hash function in the background during free time like software updates. These cryptographic data are stored in the free space on the hard disk or other storage devices. The node in charge of the mining process is selected by a random draw based on the labeling of the hash values. All of the selected nodes will perform the mining process at 100% power because the mining process will be divided among them and will be performed simultaneously. This means that no power is wasted. As a side note, it is generally reported that more than 99% of power is wasted in the mining process. In comparison, PoC minimizes the number of instantaneous calculations and makes effective use of them. In the process of adding cryptographic data, cryptographic data for additional mining is created and stored in a storage medium. Specifically, a plot file is created and stored as the cryptographic data. A plot file (mentioned above), contains one or more groups of data, called nonce, for example, and one nonce, for example, contains 8192 hashes. Hashes usually consist of pairs, and a pair of hashes is referred to as a scoop. The method of creating cryptographic data for mining is not particularly limited, but for example, a creation method (software, etc.) that can create a plot file containing nonce (nonce including the hashes mentioned above) can be used. The created plot file is tied to a specific account ID. This account ID is different for each miner. Thus, the same nonce number can be found in different miners. Since cryptographic data is stored on a storage medium, for example, a hard disk drive, increasing the hard disk drive can increase the amount of cryptographic data used for mining. The addition of cryptographic data and mining are separate operations and can be done simultaneously or separately. # 1-6-4. High Security In the FRUITS PoC, the original data used for mining is deleted after the block is generated. In other words, after the mining process is over, the history of which node added which hash value will remain, but once the mining is completed and recorded in the block, it will be impossible to alter the original data. This method is similar to irreversible audio compression. Once the audio data has been compressed and subtracted, it cannot be reverted to the original data, which is called RAW data. This is because unnecessary audio data has already been removed to a level that is not a problem for listening to music, such as CDs. We have also incorporated the AI GA (Genetic Algorithm) and NN (Neural Network) technology for this deletion and organization process.

Figure 17: Periodic organization of original data (plot data)

Once the information is recorded, you can refer to it whenever you want. However, it can be referenced but not changed. If the purpose of a Seed Token is to record something like a human family tree, once the information is recorded, it can be supplemented or revised, but it cannot be altered. This is what makes Blockchain so reliable and secure. # 1-6-5. Security Audit Our blockchain ecosystem conducts rigorous code audits to further ensure security. In particular, tokens and their storage wallets are subject to code audits by Quantstamp, Inc., which is extremely important for security and for asset protection. Quantstamp is the leader in blockchain security, having performed over 250 audits and secured over $200 billion in value. Our mission is to facilitate the mainstream adoption of blockchain technology through our security and risk assessment services. Enterprise companies and NGOs such as Visa, Toyota, and Siemens also trust Quantstamp to secure their blockchain implementations. The Quantstamp auditing process follows a routine series of steps: 1\. Code review that includes the following i. Review of the specifications, sources, and instructions provided to Quantstamp to make sure we understand the size, scope, and functionality of the smart contract. ii. Manual review of code, which is the process of reading source code line-by-line in an attempt to identify potential vulnerabilities. iii. Comparison to specification, which is the process of checking whether the code does what the specifications, sources, and instructions provided to Quantstamp describe. 2\. Testing and automated analysis that includes the following: i. Test coverage analysis, which is the process of determining whether the test cases are actually covering the code and how much code is exercised when we run those test cases. ii. Symbolic execution, which is analyzing a program to determine what inputs cause each part of a program to execute. 3\. Best practices review, which is a review of the smart contracts to improve efficiency, effectiveness, clarify, maintainability, security, and control based on the established industry and academic practices, recommendations, and research. 4\. Specific, itemized, and actionable recommendations to help you take steps to secure your smart contracts.
# 1-6-6. FRUITS Token Layout **1-6-6-1. Coexistence in the Token Economy** The token layout of FRUITS is very elaborate. After submitting the application for a new issuance of a token with information, such as, the name of each token, its purpose, the total number of tokens to be issued, the issuance method, and burn rules, the governance token will vote to approve the issuance of the new token. However, the entire process will be managed in a dedicated wallet and will be fully automated. Example: Regulation tokens are record the purpose of issuing each Seed Token(s), the terms and conditions of the transaction, and basic information about the token; the symbol for Regulation tokens is Raspberry Tokens. The symbol for the Governance tokens is Guava Tokens. Each project that uses Seed Tokens will focus on compliance with SDGs and ESG strategies, and will allow companies, individuals, and organizations to easily develop their own services on the Fruits Platform.

Figure 18: Example of Seed Tokens

**1-6-6-2. Governance Tokens and Regulation Tokens** FRUITS will incorporate basic operations such as governance and event planning for each token as decentralization. At the same time, as an open platform, it provides a FRUITS Platform that includes Defi and payment functions to build various services. **1-6-6-3. Deflation and Inflation Overview** In order to preserve the value and reduce the transaction load, a fixed number of FRTS will be burned (permanently disabled) according to the following timing: 1. When the number of new Smile coins issued during the current phase reaches 38.2% of the total number of FRTS available (the remainder not burned), FRTS coins will be burned at a ratio of 1000 : 1618 x ratio (14.587%). 2. The timing of a burn is defined as or about once every four years. This burning process will be performed when either of these conditions is met and will move to the next phase.

Figure 19: All conditions during deflation and inflation are calculated according to this golden ratio

We are confident that this will increase the value of Eco-Blockchain and contribute to improving the technology of the Blockchain industry by making transaction fees free and spreading Eco-Blockchain technology around the world for everyone to use. # 2. Realization of the gold standard and operationalization of the FSFP To encourage financial inclusivity and support charities, FRUITS plans to launch its digital money transfer network, the FRUITS Social Finance Platform, with a financial transaction-focused crypto exchange and charity crowdfunding platform. FRUITS also aims to issue gold-pegged stablecoins, gold ingot NFTs, and build out their NFT marketplace.

Figure 20-1

FRUITS aims to act as the gateway to a better society – its immutability, transparency and scalability enable a wide range of use cases beyond financial inclusivity. Tailoring the fundamental functions of blockchain for specific scenarios, like using a PoC algorithm for an eco-friendly infrastructure, would help with making it the ideal solution to solve major challenges that currently hinder the completion of the international sustainability agenda. The FRUITS Social Finance Platform, shown in the middle circle in Figure 20-1, consists of (1) cryptocurrency, (2) NFT, and (3) electronic payment services, respectively. The following sections describe the challenges that FRUITS must solve, how it will be implemented, and the service images for each. # 2.1 Cryptocurrency **2-1-1. Issues to be solved** FRUITS has implemented a multi-layered smart contract that provides a mechanism to increase donations. In order to achieve this, FRUITS has created a point-based charity mechanism. **2-1-2. Realization from a technical perspective** As described in Chapter 1, smile coins are awarded to users after spending FRTS. The granted Smile coins can only be used for donations. This automation is achieved by implementing FRUITS' own smart contracts. The FRUITS Eco-blockchain is free of transaction fees and allows transactions to be written and blocks to be generated at regular intervals or at specified times, which allows for multi-layered smart contracts. As an outcome, multi-layered smart contracts allow for complex processing of Smile coins and Seed Tokens. **2-1-3. Service Image** The main services include direct payment with FRUITS Wallet, FRUITS Payment, a built-in payment system, and/or implementing an API that works like FRUITS Payment, which can be used directly within a service with FRTS, Smile coins, Seed Tokens, GAs, etc. When using FRTS for payments or in any other transactions, users will automatically receive Smile Coins as a sign of gratitude. In other words, Smile coins are like points earned through Fruits payments and donation activities. Smile Coins act as a donation coin on the Fruits platform to help one of the sustainable development goals (SDGs) listed on Fruits’ charity portal. Users can pick from a variety of options, such as their favorite SDG, and donate Smile Coins, generating yet another token. Thanks Fruits Seed Tokens (TFSTs), which is made possible because of Fruits’ unique multi-layered smart contracts combined with its no-transaction fee feature. These tokens vary in utility, like lottery tokens with FRTS awards, prompting users to generate and donate more Smile Coins. # 2-2. NFT (Non-Fungible Token) **2-2-1. Issues to be solved** The challenges to be solved by FRUITS include: ・Defining the value of NFTs ・Relationship between decentralized finance and NFTs ・Realization of NFT-backed finance, etc. Among the various NFT services, FRUITS is focusing on NFT games because FRUITS believes that it is necessary to provide users with an easy-to-understand opportunity to try them. Through these games, users will create NFTs for items on what they consider valuable, sell it on the marketplace, and generate revenue, and then the cycle continues. FRUITS believes that this flow defines the value of NFT. As for decentralized finance, the official FRUITS Wallet currently has DEX and DeFi functions, providing the users with an all-in-one protocol to conclude everything within the wallet. FRUITS is also planning to implement NFTfi, etc. using NFTs as collateral. **2-2-2. Realization from a technical perspective** We have developed a new API for issuing and controlling single and multiple NFTs by improving the API for Seed Tokens of the FRUITS Eco-blockchain. This allows for the automation of complex NFT processing and the incorporation of FRTS, Seed Tokens, and NFT-based mechanisms into BCG (blockchain games) and various web services. Users of these services will be able to use them without having to think about the complexities of blockchain processing. Also, service providers will be able to separate the construction of the front-end and back-end portions of their services, making it easier for them to enter into services using NFTs. **2-2-3. Service Image** We would like to briefly explain Golden Egg Wonderland, a Web3 game currently being released under the auspices of the FRUITS Eco-blockchain Project. The Web3 game, Golden Egg Wonderland, will allow players to exchange in-game Golden Egg NFTs for real gold eggs. The ability for players to use game mechanics to collect in-game tokens and NFTs and convert them into real-world value, also known as the P2E (Play-to-Earn) trend, is a key driver of growth in the Web3 gaming industry. Blockchain-based P2E gaming is evolving to benefit players. Thanks to the traceability and transparency of digital ownership provided by blockchain technology, in-game items are now valued and treated as if they were in the real world. Evolving from P2E to P4G (Play-For-Gold) Golden Egg Wonderland, supported by FRUITS, aims to bring digital entertainment one step closer to the real world through "Play-For-Gold" game play. The game allows users to redeem real-life gold eggs as NFT certificates obtained within the game world. Inspired by Aesop's Fable, Golden Egg Wonderland allows players to capture, raise, and breed birds to obtain NFT eggs, where those eggs may come out as golden eggs. When players receive a golden egg after crossbreeding birds, they receive an NFT certificate that qualifies them to redeem it for a real-life gold egg.

Figure 20-2: Play-For-Gold Structure ( Source: Golden Egg Wonderland )

Using the FRUITS Wallet, players who join the game on an iOS or Android device can rely on an in-game map to capture birds. Additionally, players can list the birds they have raised, buy birds from other sellers, and trade birds and eggs in the FRUITS NFT Marketplace. We are planning to release these NFT games and many other games and services from FRUITS and third parties in the future. # 2-3. Electronic Transactions **2-3-1. Issues to be solved** The definition of collateral and value of cryptocurrencies is important for current applications of cryptocurrency electronic payments. FRUITS is introducing the Gold Standard Stable Coin and the Gold Ingot NFT to provide storage for tokens of value. Both are designed to be pegged one-to-one to Gold, and holders will track the live status of their Gold through a 24-hour live feed on the FRUITS Eco-blockchain. This ensures independence from the price fluctuations of major cryptocurrencies. FRUITS believes that its gold-standard social finance platform will contribute to the financial inclusion of the virtual currency industry as well as the financial industry. FRUITS also believes that the exchange, FGXG, can contribute to employment and economic revitalization of the African population, starting with Tanzania, and FRUITS plans to establish similar exchanges in other regions, while complying with national banking requirements and local laws. **2-3-2. Realization from a technical perspective** By applying the multiple NFT functionality of the FRUITS Eco-blockchain, we have developed an API for issuing and controlling NFTs that can be used for traceability NFTs and DIDs. This will enable the linkage and location management of Gold Stablecoins and Gold Ingot NFTs to gold. The issuance of a gold standard digital asset will always provide clear whereabouts on the gold, and the holder of a gold ingot NFT can always see its whereabouts of the gold through their wallet. 　In addition, sufficient security is required for management and control. Therefore, from the end of 2022 to August 2023, FRUITS have made significant security enhancements, including changes to the specifications of the wallet, blockchain core, and API. The security enhancements include the following: ・Inspection of all tokens held in all FRUITS Wallets ・Non-utilization of third-party APIs for all transactions ・Full update of Fruitscan and changes to transaction API specifications ・Logging functionality implemented for services related to sending/receiving all tokens in the Fruits Eco-blockchain and access to wallet addresses. ・The number of parameters for the private key when creating a new wallet has been increased to two, and the API is now compatible with this change. Currently, two private keys and a public key are used for approval when sending/receiving. FRUITS is still working on a system that will allow FRUITS to respond quickly to this and other items that deem necessary, and plan to work with third parties to make the necessary updates. **2-3-3. Service Image**　 The user community can take advantage of the gold standard payment network through the FRUITS Wallet or Tanzanian exchange. # 2-4. Future developments (CIP, refineries and blockchain, individual rights and public interest) The second stage of the FRUITS Eco-Blockchain Project is to realize the above, FRUITS Social Finance Platform, and to activate the basic technologies described in Chapter 1, one by one, which have been developed since 2018. The third stage will be to work with CIPs and refineries. # Roadmap We are planning to release applications and software’s, develop FRUITS service and Fruits SDGs Station in each country, and support various organizations in the following timeline:
# Team Members and Advisors We, FRUITS, are mainly composed of the following members, experts in other industries, and fans who support us.
# Disclaimer This Whitepaper and any other documents published in association with this Whitepaper relate to the intended development and use of the Fruits Eco-Blockchain Project (the “FRUITS Platform”). They are for information purposes only and may be subject to change. Please do not replicate or distribute any part of this Whitepaper without this Disclaimer and the Risks and Disclosures at the end in accompaniment. **This Whitepaper Describes A Future Project** This Whitepaper is a draft and subject to further legal and regulatory advice. It contains forward-looking statements that are based on the beliefs of FRUITS WORLD FOUNDATION PTE. LTD., a company incorporated and existing under the laws of Singapore (the “Company”), as well as certain assumptions made by and information available to the Company. The FRUITS Platform, as envisaged in this Whitepaper is under development and is being updated continuously, including but not limited to essential governance and technical features. FRTS (the “Coin”) involve and relate to the development and use of experimental software and technologies that may not come to fruition or achieve the objectives specified in this Whitepaper. If and when the FRUITS Platform is completed, it may differ significantly from the network set out in this Whitepaper. No representation or warranty is given as to the achievement or reasonableness of any plans, future projections or prospects and nothing in this document is or should be relied upon as a promise or representation as to the future. No part of this Whitepaper is intended to create legal relations between a recipient of this Whitepaper and the Company or to be legally binding or enforceable by such recipient against the Company. Regulatory licenses and/or approvals in respect of the FRUITS Platform are likely to be required in some relevant jurisdictions in which the Company intends to operate. It is not possible to guarantee, and the Company does not make any assurances, that any such licenses or approvals will be obtained within a particular timeframe or at all. This means that the platform may not be available in certain markets, or at all. This could require a fundamental restructuring of the Fruits Platform and/or its unavailability. The Company intends to operate in full compliance with applicable laws and regulations and obtain the necessary licenses and approvals in key markets. **Disclaimer Of Liability** To the maximum extent permitted by all applicable laws, regulations, and rules, the Company or any of its affiliates shall not be liable for any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including but not limited to loss of revenue, income or profits, and loss of use or data), arising out of or in connection with any acceptance of or reliance on this Whitepaper or any part thereof by you or any person to whom you transmit any part of the Whitepaper to (whether authorized or unauthorized by the Company or any of its affiliates). **No Representations And Warranties** None of the Company or its affiliates makes or purports 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 Whitepaper. **No Offer Of Regulated Products Or Registration** The Coins or any other coins that operate on the FRUITS Platform are not intended to represent a security or any other regulated product in any jurisdiction. This document does not constitute an offer or solicitation of securities or any other regulated product, nor a promotion, invitation or solicitation for investment purposes. The terms of the purchase are not intended to be a financial service offering document or a prospectus of any sort. The Coins do not represent equity, shares, units, royalties or rights to capital, profit, returns or income in the platform or software or any company or intellectual property associated with the FRUITS Platform or any other public or private enterprise, corporation, foundation or other entity in any jurisdiction. No regulatory authority has examined or approved of any of the information set out in this Whitepaper. The publication, distribution or dissemination of this Whitepaper does not imply that the applicable laws, regulatory requirements or rules have been complied with. **This Whitepaper Is Not Advice** No information in this Whitepaper should be considered business, legal, financial or tax advice regarding the Company and/or its affiliates, the Coins, and/or the FRUITS Platform. You should consult your own legal, financial, tax or other professional advisers regarding the Company and/or its affiliates and their respective business and operations, the Coins, and the FRUITS Platform before determining whether to purchase the Coins or otherwise participate in the FRUITS Platform. You should be aware that you may be required to bear the financial risk of any purchase of the Coins for an indefinite period. None of the advisors engaged by us has made or purports to make any statement in the Whitepaper or any statement upon which a statement in the Whitepaper is based, and each of them makes no representation regarding any statement in the Whitepaper and to the maximum extent permitted by law, expressly disclaims and takes no responsibility for any liability to any person which is based on, or arises out of, any statement, information or opinions in, or omission from, the Whitepaper. **Restrictions On Distribution And Dissemination** The distribution or dissemination of this Whitepaper or any part thereof may be prohibited or restricted by the laws, regulatory requirements, and rules of any jurisdiction. In the case where any restriction applies, you are to inform yourself about and to observe, any restrictions which apply to your possession of this Whitepaper or such part thereof (as the case may be) at your own expense and without liability to the Company and/or its affiliates. Persons to whom a copy of this Whitepaper has been distributed or disseminated, provided access to or who otherwise have the Whitepaper in their possession shall not circulate it to any other persons, reproduce or otherwise distribute this Whitepaper or any information contained herein for any purpose whatsoever nor permit or cause the same to occur. **Risk Warning** Prospective purchasers of the Coins should carefully consider and evaluate all risks and uncertainties associated with the Company and/or its affiliates and their respective business and operations, the Coins, and the FRUITS Platform, all information set out in this Whitepaper and the coins sale terms before any purchase of the Coins. Further details of the risk factors are set out in the following section entitled “Risks and Disclosures.” If any of such risks and uncertainties develop into actual events, the business, financial condition, results of operations and prospects of the Company and/or its affiliates could be materially and adversely affected. In such cases, you may lose all or part of the value of the Coins. # Risks and Disclosures **Currency Regulation Risks** Governments are still grappling with public policy on the regulation of cryptocurrencies as a form of settlement in trade. Governments adverse to the proliferation of the use of cryptocurrencies in local commerce could issue laws and regulations deeming the use of cryptocurrencies a regulated activity. This could result in holders of the Coins being unable to use their Coins in the future without further regulatory compliance by the Company. Project, its affiliates and the FRUITS team, as well as understand the overall framework and vision for FRUITS prior to purchasing FRTS coins. **Risks Associated with Use of the FRUITS Platform** The use of cryptocurrency exchanges is complex and subject to stringent qualification requirements. There is no guarantee that the developers will be able to successfully create a system that allows payment for services using global cryptocurrencies. The failure to establish a network will result in decreased liquidity of the Coins as a form of settlement currency within the FRUITS Platform. **Taxations Risks** The use of the Coins as a form of settlement currency may or may not be subject to local income tax, capital gain taxes or other forms of taxes. This uncertainty in tax legislation may expose merchants and customers alike to unforeseen future tax consequences associated with the use of the Coins as a settlement currency, and/or the trading of the Coins for capital gains. **Capital Control Risks** Many jurisdictions impose strict controls on the cross-border flow of capital. Holders of the Coins may be subject to these regulations and/or arbitrary enforcement of such regulations at any time. This might make the transfer of the Coins out of the local jurisdiction to overseas exchanges an unlawful activity, exposing the user of the Coins to government fines or other regulatory sanction. **CFT and AML Regulations** Many jurisdictions have enacted regulations to combat terrorist financing and money-laundering activities. The use of cryptocurrencies by bad actors could breach such regulations. Any illicit use of the Coins could severely impact the global reputation of the FRUITS Platform. In such an event, it is not inconceivable that this could trigger scrutiny by CFT and AML regulators and potentially cause significant disruption to the distribution and circulation of the Coins in the FRUITS Platform. **Blockchain Risks** The Coins may be subject to expropriation and/or theft. Hackers or other malicious groups or organizations may attempt to interfere with the Coins in a variety of ways, including, but not limited to, malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing and spoofing. The FRUITS Platform and all of the matters outlined in the Whitepaper are new and untested. The FRUITS Platform might not be capable of completion, implementation or adoption. It is possible that no blockchain utilizing the FRUITS Platform will ever be launched and there may never be an operational platform. Even if the FRUITS Platform is completed, implemented and adopted, it might not function as intended, and any coins associated with a blockchain adopting the FRUITS Platform may not have functionality that is desirable or valuable. Also, technology is changing rapidly, so the FRUITS Platform and the Coins may become outdated. The regulatory status of cryptographic coins, digital assets, and blockchain technology is unclear or unsettled in many jurisdictions. We will contribute to the execution of the project as much as possible without neglecting our duty of care as a prudent manager. In addition, we naturally comply with the regulations of each country when we carry out projects. However, it is difficult to predict how or whether governmental authorities will regulate such technologies. It is likewise difficult to predict how or whether any governmental authority may make changes to existing laws, regulations and/or rules that will affect cryptographic coins, digital assets, blockchain technology, and its applications. Such changes could negatively impact the FRUITS Platform and/or the Coins in various ways, including, for example, through a determination that the Coins are regulated financial instruments that require registration. The company may cease the distribution of the Coins, the development of the FRUITS Platform or cease operations in a jurisdiction if governmental actions make it unlawful or commercially undesirable to continue to do so. **Business Risks** The Company’s principal competitors may have greater financial resources than those available to the Company and thus be in a better position to attract talent and initiate projects. The Company’s ability to remain competitive may depend in part upon its ability to develop new and enhanced products or services and to introduce these products or services in a timely and cost-effective manner. In addition, product and service introductions or enhancements by the Company’s competitors or the use of other technologies could cause a decline in sales or loss of market acceptance of the Company’s existing products and services. There can be no assurances that the Company shall be successful in selecting, developing, and marketing new products and services or in enhancing its existing products or services. Failure to do so successfully may adversely affect the Company’s business, financial condition, and results of operations. The Company’s ability to realize its objectives shall be dependent on its ability to attract and retain additional, qualified personnel. Competition for such personnel can be intense, and there can be no assurance that the Company’s results shall not be adversely affected by difficulty in attracting and/or retaining qualified personnel. The industry in which the Company operates is new and may be subject to heightened oversight and scrutiny, including investigations or enforcement actions. There can be no assurance that governmental authorities will not examine the operations of the Company and/or pursue enforcement actions against the Company. Such governmental activities may or may not be the result of targeting the Company in particular. All of this may subject the Company to judgments, settlements, fines or penalties, or cause the Company to restructure its operations and activities or to cease offering certain products or services, all of which could harm the Company’s reputation or lead to higher operational costs, which may, in turn, have a material adverse effect on the Coins and/or the development of the FRUITS Platform. **Cautionary Note On Forward-looking Statements** All statements contained in this Whitepaper, statements made in press releases or in any place accessible by the public and oral statements that may be made by the Company or its directors, executive officers or employees acting on behalf of the Company, that are not statements of historical fact constitute “forward-looking statements.” Given that risks and uncertainties that may cause the actual future results, performance or achievements of the Company and/or its affiliates to be materially different from that expected, expressed or implied by the forward-looking statements in this Whitepaper, undue reliance must not be placed on these statements. These forward-looking statements are applicable only as of the date of this Whitepaper. Neither the Company and/or its affiliates nor any other person represents, warrants, and/or undertakes that the actual future results, performance or achievements of the Company and/or its affiliates will be as discussed in those forward -looking statements. The actual results, performance or achievements of the Company and/or its affiliates may differ materially from those anticipated in these forward-looking statements. Nothing contained in this Whitepaper is or may be relied upon as a promise, representation or undertaking as to the future performance or policies of the Company and/or its affiliates. Further, the Company and/or its affiliates disclaim any responsibility to update any of these forward-looking statements or publicly announce any revisions to these forward-looking statements to reflect future developments, events or circumstances, even if new information becomes available or other events occur in the future. # FRUITS Official Links Contact: 152 BEACH ROAD #11-05 GATEWAY EAST Singapore, 189721 [https://fruitsblockchain.com/
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