Date:
January 04, 2024
Customer: Erations Conglomerate
Product: Unregulated cryptocurrency-
International Unit (ITUT)
Products performance characteristics
The unregulated cryptocurrency is used to
promote an economy within a company.
Products aesthetic characteristics
The cryptocurrency is viewable through
UNISWAP (decentralized). The crypto
currency is referred to as a token with a ticker symbol and total quantity of
tokens viewable on a crypto wallet. The currency is supported by Ethereum. The Smart Contract is tied to the company
crypto wallet’s address.
Installation, configuration or fit of
product
The cryptocurrency is created by starting
a smart contract under the coin that it is based on ex. Ethereum.
The smart contract is administered to the company who verifies it. The cryptocurrency then gets deployed onto
UNISWAP. The company than provides the
currency with liquidity via the crypto wallet- MetaMask.
Packaging characteristics (if applicable)
The crypto wallet and the modification of
the currency can be accessed through computer hardware and browser software.
Applicable standards
Possible KYC (Know Your Client) with the
Financial Action Task Force for the purposes of Anti Money Laundering
regulations. Revenue needs to be
submitted to the Financial Transactions and Reports Analysis Centre of Canada
(FINTRAC).
Applicable statutes or legislations
Bill C-31.
Similar existing product designs
nil
Quality assurance
Product briefs are reviewed and approved
by the president of the company.
Prepared by: Timothy Luis.
Date: December 28, 2023
Approved by: Timothy Luis.
Date: January 21, 2024
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