White Paper 2020

Hellenic Coin Whitepaper 2.1
March 2020

A peer-to-peer digital currency which enables instant and
almost feeless transactions across the globe,
focusing to be accepted as a mean of payment worldwide!

INDEX
Executive Summary........................................................4
Mission............................................................................6
Current Landscape.........................................................7
Problems with Cryptocurrencies.....................................9
Our Solution....................................................................11
Hellenic Coin Blockchain................................................13
Mining.............................................................................15
HNC Case Study.............................................................17
Tokenomics.....................................................................19
Current Roadmap...........................................................21
Team...............................................................................22
Legal disclaimer..............................................................25

EXECUTIVE SUMMARY
Hellenic Coin is a private blockchain, which is meant to be the most
trusted digital currency for buying goods and services worldwide.
Hellenic Coin was established in 2015. It is a fully decentralized peerto-peer
protocol which is independent by any governmental and
central bank control.
Its purpose since birth, is to capitalize on the global financial system
by offering an incentive to anyone (investors, merchants, consumers)
from different corners of the world to accept HNC as a mean of
payment, without fearing the governmental control, potential
depreciation and/or inflation of fiat currencies. Using one of the most
advanced blockchain technologies, Scrypt Hybrid PoS/PoW, Hellenic
Coin supports all forms of payment transactions.

EXECUTIVE SUMMARY
With substantial industry support, trading volume and liquidity, Hellenic
Coin is becoming the standard medium of commerce.
Hellenic Coin is an open source, global payment network that is fully
decentralized without being controlled by any central authority.
Mathematics secures the network and empowers individuals to control
their own finance. You can obtain your own HNC on more than 4
crypto exchanges at the current moment, most of them are included
on top 10 crypto exchanges of CMC’s list.
Let's dive deeper for more details about Hellenic Coin to help you get
a better understanding of how it works and other essentials.

MISSION
Hellenic Coin aims to either issue its own Visa Credit Card or being
listed to an existing Visa/Mastercard Credit Card, so our investors can
use Hellenic Coin as a mean of payment.
By this way, Hellenic Coin will enter real economy and everyone will
be able to use it safe and easy.
Furthermore, an e-wallet for Android and Ios will be available for
storing Hellenic Coin.
HNC will also introduce a loyalty reward program. Each time someone
uses Hellenic Coin Visa Card, free coins will be credited immediately
to the card. This way we show our practical commitment and
responsibility towards our investors.

CURRENT LANDSCAPE
Since its inception in 2009, the cryptocurrency market has seen
extraordinary growth. In just eight short years, the market capitalization of
all cryptocurrencies and tokens has risen to almost $800 billion at its peak,
easily dwarfing almost every corporation in the S&P 500 and the GDP of
many countries.
But, despite this success, its usage and daily trade volume is almost
negligible compared to the amount of USD exchanged each day. Today,
there is a huge push to be the next big thing in the crypto-industry.
Every day, hundreds of crypto-projects enter the market attempting to
build a better mousetrap than the last. A better, faster, safer or "more
decentralized" cryptocurrency that will replace fiat. And yet, many of these
have come and gone, and all but a few of the ones still actively developed
have since faded into obscurity - Why?

CURRENT LANDSCAPE
The truth is, at least for now, banks, corporations, governments and most
mainstream businesses don't care how fast or private a cryptocurrency is.
The focus on most minds is convenience, profitability, customer retention
and risk management. As it stands crypto will never be adopted fully, until
the speculative aspect is massively reduced, and the volatility is somewhat
stable. Few merchants have enough faith in the long-term potential of
cryptocurrency to risk the potential losses that could result from a bear
market.

PROBLEMS WITH CRYPTOCURRENCIES
The mainstream adoption of cryptocurrency is predicated on the
replacement of fiat by corporations and individuals in the day to day
transactions. For most crypto users, it is difficult to understand why
cryptocurrency hasn't already overtaken traditional currencies, after all
cryptocurrencies feature: - Better control over your finance - faster,
cheaper transactions - Decentralized storage and other features And yet,
despite the numerous, arguably dramatic benefits cryptocurrency offers
over fiat, we still lack mainstream adoption. In fact, according to a
Bloomberg report, just three out of the top 500 online retailers are willing
to accept crypto currencies in exchange for their goods or services, and
it's not difficult to see why.

PROBLEMS WITH CRYPTOCURRENCIES
Retailers simply don't want to accept a currency that can lose as much as
25% of its value in a single day. And so, if we look at the rest of the list of
cryptocurrency features, we also it is: - Too complicated for most people -
Volatile - Poorly perceived by corporations, merchants and consumers.
Fiat is believed by the masses to be more stable, more secure, and easier
to use. Thus, fiat is perceived to be more valuable. When it comes to
adoption, usage and volume, perception matters most. The only way to
demonstrate the value of crypto is by helping users experience its benefits
first hand.

OUR SOLUTION
A crypto currency is successful when it manages to be adopted by
merchants as a mean of payment and get used by more and more
consumers.
Currently, they are only traded on speculation and their volatility is very
high.
Almost all of them are following the same trend because they are alike.
By focusing on entering the Greek real economy for the beginning ,
Hellenic Coin will solve the issue of demand that cryptocurrencies face,
that is because every other coin is based on speculative reasons as
mentioned above, thus becoming real practically useful to the real
economy. HNC will create perpetual demand, day by day, year by year
and so on, a problem that no other coin has solved thus far!

OUR SOLUTION
Utility of a coin
All cryptocurrencies are facing the obstacle of usability in the real
economy and want to be accepted as means of payment for goods and
services.
Perpetual demand
Hellenic Coin is planning to be accepted by many Greek merchants and
gradually worldwide, thus entering real economy will have the same value
to investors as fiat money.

HELLENIC COIN BLOCKCHAIN
HNC has undergone a recent fork on February 2020 and migrated on a
hybrid Scrypt PoW & PoS algorithm. One can benefit by staking the coin,
by downloading the private wallet from our official website, store over
there 10,000 hnc coins or more and let it open. A 1% free coins as a
reward per year will be deposited automatically on the wallet.
Hellenic Coin total supply is limited to 69.600.000 coins, and every
mineable coin from the 1.000.000 pool has been extracted.
Hellenic coin is an encrypted and private cryptocurrency. In order to
perform a transaction, you need only a public and a private key. A
completely decentralized digital currency. Transactions are irreversible, a
further step to prevent fraudulence.

HELLENIC COIN BLOCKCHAIN
Time efficiency is another characteristic of Hellenic Coin, as you can make
global payments within 2’ minutes. Your private key ensures your absolute
ownership of the respective wallet address.
Your personal information is always hidden, and your Hellenic coin
address is fully transparent, with no sensitive information attached though
everyone can observe our charts in Coinmarketcap, whereas also in our
blockchain explorer.

MINING
Proof of Work (PoW) & Proof of Stake (PoS), is the Scrypt hybrid
consensus algorithm that HNC utilizes. Mining is the process by which
transactions are verified and added to the public ledger, known as
blockchain, and through which new Hellenic coins are being created.
Transactions must be included in a block. Miners then verify these
transactions through proof-of-stake. The miners check incoming
transactions against previous transactions on the blockchain. If no doublespends
are detected, the miners create a block with new transactions and
add it to HNC's existing blockchain.

MINING
Each new block is then sent to nodes on the network. The nodes use the
miners' work to continue to verify and transmit transactions across the
network.
When a transaction is made, it is then grouped with others that have been
recently submitted within one of these cryptographically-protected blocks.
Miners solve rather complex mathematical problems, passing the data
within a block through the algorithm until their collective power discovers a
solution.

HNC CASE STUDY
In the year 2019, more than 30,000,000 tourists came to Greece and
the predictions 2020 are more than optimistic.
Our target is to attract and convince only the 1% of tourists (which are
300.000 people) within the next couple of years, to use Hellenic Coin for
their transactions in hotels, renting a car and many more, by taking
advantage of the special offers (discounts or free days) provided by the
affiliates of Hellenic Coin.
This means that, assuming these 300.000 tourists are couples, we have
150.000 couples booking their rooms with HNC. That's 150.000 rooms,
with average only 3 nights booking for each room, which makes us
450.000 rooms with a cost of minimum 20 € /room; we have a total of
9.000.000 € that must be paid with HNC.

HNC CASE STUDY
This means that 9.000.000 € have to be invested in HNC!!
Please note that our estimations are based on a pessimistic scenario, only
1% of tourists to use HNC, only 3 nights booking for each room and only
20 € cost per night.
Also, according to wikipedia, Greece’s GNP of 2019 was 192,74B. Our
target is within the next 5 years, the 0,10% of the GNP to be held by
transactions with HNC. This means that 192,24M revenues will be done
with HNC.
We are strongly commitment on closing deals with the biggest
companies in Greece in order to accept HNC as a mean of payment.

TOKENOMICS
2015 ICO token allocation
Marketing 1,500,000 HNC
Team 5.000.000 HNC
Bounty 1,500,000 HNC
Today's Token structure:
- Total supply 69,600,000 HNC
- Pre-mined 15,500,000 HNC
- Mineable 54,100,000 HNC
Allocated to the tokens sale: 7,500,000 HNC
Allocated to the marketing: 1,500,000 HNC
Allocated to the team: 5,000,000 HNC
Allocated to the bounty campaign: 1,500,000 HNC
Token sale Marketing Team Bounty
Tokens sale 7,500,000 HNC

TOKENOMICS
2015 Tokens sale analytics
7,500,000 HNC were sold at the following price levels:
4,000,000 HNC at 0.00000250 BTC (1 BTC = 762 €) 502 investors
2,000,000 HNC at 0.00000550 BTC (1 BTC = 840 €) 262 investors
1,500,000 HNC at 0.00000750 BTC (1 BTC = 910 €) 158 investors
1,500,000 HNC at 0.00000750 BTC
4,000,000 HNC at 0.00000250 BTC
2,000,000 HNC at 0.00000550 BTC
0.00000750 BTC 0.00000250 BTC 0.00000550 BTC

HNC 2015
ROADMAP
2020 Q1
• Release of the new website
• E-wallet for android and Ios and
POS terminal
• Deal with merchants for
accepting HNC as a mean of
payment
• Explore the possibility of
entering the ATM market
2020 Q3
• Fork : change the algorithm
from X11 to Hybrid Scrypt
PoW & PoS
• De listing from Livecoin
• Change of HNC’s logo
• Listing HNC on magor
exchanges of the CMC list:
- Altilly
- Probit
- P2pb2b
- Folgory
2020 Q2
• Aggessive promotion and
marketing campaign
• Target for more than 5.000
merchants globally
• Focus on tourism and
shipping sector
• Development of a hotel
booking platform (if needed
• Deal with big merchants in
Greece
• Presentations to institutional
and private investors
• Participation on AIBC Summit
• Release of the 2021 roadmap
2020 Q4

Vangelis Tsapas
CEO
TEAM
Nikos Kakaniaris
COO
Kostas Botopoulos
Legal Advisor
Chris Samothrakis
Financial advisor
George Tzanetis
Business & Technology Advisor
Ilias Skourlis
Financial Advisor

Danai Gkolia
Financial Advisor
TEAM
Sotiris Katoufas
Graphic Designer / Developer
Anastasios Pratsis
Technical support
Billys Tzampos
Marketing Advertiser
Kaklidis Dimitrios
Marketing Advertiser

Panagis Spiros
Merchant Advisor
TEAM
Marios Papanikolaou
Investing Advisor
Nafsika Daskalou
Digital Strategist

LEGAL
PLEASE CAREFULLY READ THIS SECTION AND THE FOLLOWING
SECTIONS ENTITLED "DISCLAIMER OF LIABILITY'; "NO
REPRESENTATIONS AND WARRANTIES BY HNC"
"REPRESENTATIONS AND WARRANTIES BY YOU'; "CAUTIONARY
NOTE ON FORWARD-LOOKING STATEMENTS" "NO ADVICE';
"RESTRICTIONS ON DISTRIBUTION AND DISSEMINATION" "NO
OFFER OF SECURITIES OR REGISTRATION" AND "RISKS AND
UNCERTAINTIES'.' IF YOU ARE IN ANY DOUBT AS TO THE ACTION
YOU SHOULD TAKE, YOU SHOULD CONSULT YOUR LEGAL,
FINANCIAL, TAX OR OTHER PROFESSIONAL ADVISOR(S).

LEGAL
The HNC Tokens (collectively the "Tokens"), as defined in the White
Paper, are not intended to constitute securities in any jurisdiction. This
White Paper does not constitute a prospectus or offer document of any
sort and is not intended to constitute an offer of securities or a solicitation
for investment in securities in any jurisdiction.
This White Paper does not constitute or form part of any opinion on any
advice to sell, or any solicitation of any offer by HNC. to purchase any
Token nor shall it or any part of it nor the fact of its presentation form the
basis of, or be relied upon in connection with, any contract or token
purchase decision.

LEGAL
No person is bound to enter into any contract or binding legal commitment
in relation to the sale and purchase of the Tokens and no cryptocurrency
or other form of payment is to be accepted based on this White Paper.
Any agreement as between the distributor and you as a purchaser, and in
relation to any sale and purchase, of the Tokens (as referred to in this
White Paper) is to be governed by only a separate document setting out
the terms and conditions (the "T&Cs") of such agreement. In the event of
any inconsistencies between the T&Cs and this White Paper, the former
shall prevail.

LEGAL
No regulatory authority has examined or approved of any of the
information set out in this White Paper. No such action has been or will be
taken under the laws, regulatory requirements or rules of any jurisdiction.
The publication, distribution or dissemination of this White Paper does not
imply that the applicable laws, regulatory requirements or rules have been
complied with.

LEGAL
- DISCLAIMER OF LIABILITY
To the maximum extent permitted by the applicable laws, regulations and
rules, HNC. and/or 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 White Paper or any part thereof by you. –
- NO REPRESENTATIONS AND WARRANTIES BY HNC.
HNC does not make or purport to make, and hereby disclaims, any
representation, warranty or undertaking in any form whatsoever to any
entity or person, including any representation, warranty or undertaking in
relation to the truth, accuracy and completeness of any of the information
set out in this White Paper.

LEGAL
-REPRESENTATIONS AND WARRANTIES BY YOU
By accessing and/or accepting possession of any information in this White
Paper or such part thereof (as the case may be), you represent and
warrant to HNC and/or its affiliates follows:
- A. you agree and acknowledge that the Tokens do not constitute
securities in any form in any jurisdiction;
- B. you agree and acknowledge that this White Paper does not
constitute a prospectus or offer document of any sort and is not
intended to constitute an offer of securities in any jurisdiction or a
solicitation for investment in securities and you are not bound to enter
into any contract or binding legal commitment and no cryptocurrency or
other form of payment is to be accepted on the basis of this White
Paper;

LEGAL
C. you agree and acknowledge that no regulatory authority has examined
or approved of the information set out in this White Paper, no action has
been or will be taken under the laws, regulatory requirements or rules of
any jurisdiction and the publication, distribution or dissemination of this
White Paper to you does not imply that the applicable laws, regulatory
requirements or rules have been complied with;
D. you agree and acknowledge that this White Paper, the undertaking and/
or the completion of the Token Sale, or future trading of the Tokens on any
cryptocurrency exchange, shall not be construed, interpreted or deemed
by you as an indication of the merits of HNC., its affiliates, the Tokens, and
the Token Sale;

LEGAL
E. the distribution or dissemination of this White Paper, or any copy
thereof, or acceptance of the same by you, is not prohibited or restricted
by the applicable laws, regulations or rules in your jurisdiction, and where
any restrictions in relation to possession are applicable, you have
observed and complied with all such restrictions at your own expense and
without liability to HNC, and/or its affiliates.
F. you agree and acknowledge that in the case where you wish to
purchase the Tokens are NOT to be construed, interpreted, classified or
treated as: (I.) any kind of currency other than cryptocurrency (II.)
debentures, stocks or shares issued by any person or entity (whether
HNC. and/or its affiliates), rights, options or derivatives in respect of such
debentures, stocks or shares; (III.) units in a collective investment scheme;
(IV.) units in a business trust; (V.) derivatives of units in a business trust; or
(VI.) any other security or class of securities.

I. you agree and acknowledge that neither HNC., nor its affiliates is 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 White Paper or any part thereof
by you; and all of the above representations and warranties are true,
complete, accurate and non- misleading from the time of your access to
and/ or acceptance of possession this White Paper or any part thereof (as
the case may be).
LEGAL
G. you have a basic degree of understanding of cryptocurrencies,
blockchain based software systems, cryptocurrency wallets or other related
token storage mechanisms, blockchain technology and smart contract
technology; H. you are fully aware and understand that in the case where
you wish to purchase the Tokens, there are risks associated with HNC., and
it's affiliates, their respective business and operations, the Tokens, and the
Token Sale;

LEGAL
CAUTIONARY NOTE ON FORWARD LOOKING STATEMENTS
This White Paper may contain certain forward-looking statements including,
but not limited to, statements as to future operating results and plans that
involve risks and uncertainties. We use words such as "expects','
"anticipates" "believes" "estimates" the negative of these terms and similar
expressions to identify forward looking statements. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements of
the HNC., its affiliates and/or the HSC Foundation to differ materially from
any future results, performance or achievements expressed or implied by
those projected in the forward-looking statements for any reason.

LEGAL
NO ADVICE
No information in this White Paper should be business, legal, financial or tax
advice regarding HNC., its affiliates, the HSC Foundation, the Tokens, and
the Token Sale. You should consult your own legal, financial, tax or other
professional adviser regarding HNC., its affiliates and/or the HSC
Foundation and their respective businesses and operations, the Tokens, and
the Token Sale. You should be aware that you may be required to bear the
financial risk of any purchase of the Tokens for an indefinite period.

LEGAL
RESTRICTIONS OF DISTRIBUTION
The distribution or dissemination of this White Paper 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 are applicable to your
possession of this White Paper or such part thereof (as the case may be) at
your own expense and without liability to HNC., its affiliates and/or the HSC
Foundation. Persons to whom a copy of this White Paper has been
distributed or disseminated, provided access to or who otherwise have the
White Paper in their possession shall not circulate it to any other persons,
reproduce or otherwise distribute this White Paper or any information
contained herein for any purpose whatsoever nor permit or cause the same
to occur.

LEGAL
NO OFFER OF SECURITIES OR REGISTRATION
This White Paper does not constitute a prospectus or offer document of any
sort and is not intended to constitute an offer of securities or a solicitation for
investment in securities in any jurisdiction. No person is bound to enter into
any contract or binding legal commitment and no cryptocurrency or other
form of payment is to be accepted on the basis of this White Paper. Any
agreement in relation to any sale and purchase of the Tokens is to be
governed by only the T&Cs of such agreement and no other document. In
the event of any inconsistencies between the T&Cs and this White Paper,
the former shall prevail.

LEGAL
No regulatory authority has examined or approved of any of the information
set out in this White Paper. No such action has been or will be taken under
the laws, regulatory requirements or rules of any jurisdiction. The
publication, distribution or dissemination of this White Paper does not imply
that the applicable laws, regulatory requirements or rules have been
complied with.

LEGAL
RISKS AND UNCERTAINTIES
Prospective purchasers of the Tokens should carefully consider and
evaluate all risks and uncertainties associated with NC, its affiliates, the
HSC Foundation and their respective businesses and operations, the
Tokens, and the Token Sale, all information set out in this White Paper and
the T&Cs prior to any purchase of the Tokens. If any of such risks and
uncertainties develops into actual events, the business, financial condition,
results of operations and prospects of HNC., its affiliates and/or the HNC
team could be materially and adversely affected. In such cases, you may
lose all or part of the value of the tokens.