What is aXpire? A Light Paper & Primer

Find out more at axpire.io

UPDATE: P2P

Our P2P marketplace, Matchbox Blockchain Exchange, MatchBX (pronounced “Matchbox”), is a relatively new concept in the life cycle of aXpire, incorporated in light of the strong demand for crypto-based services in the market. We saw a demand for handling RFPs in the B2B context, and have translated that into a higher volume consumer environment. We are allowing individuals to participate in the platform as part of the new economy, either as a freelancer or as a task creator. We will power this product, as with all of our products, with AXP — driving token value in (yet another) use case.

We will work to expand our Preferred Provider Network, right now featuring Devery among others, to offer customers access to trusted and preferred sources of high-value services. This network will provide users access to a trusted product; sometimes at bonus or discount prices, through partnerships, these companies have with aXpire.

In the background of this product, we will run a different kind of spend analysis, demand prediction, which will drive additional preferred partners to our site. Think of it like surge demand on Uber, except without the associated price increases — we point partners towards early indicators of demand and the need for supply to fill any gaps.

We will implement a small fee on all transactions via an AXP burn

OUR VISION

Our vision is simple. Businesses waste money; we help reduce waste and improve profitability. In more detail, we enable seamless spend management, in real time, through secure blockchain technology and machine learning. The latter technology enables our clients to make incrementally intelligent invoicing decisions through a growing reference SQL database of approved and denied transactions. We succeed as our clients succeed through the use of our end-to-end internal spend management software.

ABOUT AXPIRE

aXpire is a cloud-based, and AI-enabled blockchain payment processing company. We are a real company, with real revenues. Our business is a spinoff from LSG, LLC, an insurtech SaaS company that has a history of working with Fortune 500 and “household name” clients, such as Nike, Coca Cola and the NFL. We were founded in January 2017, and are headquartered in Manhattan, New York, with employees in London, India, and Australia. Our object-oriented core technology was developed at the request of our first client — one of the largest hedge funds in the world ($24Bn+ AUM) [1] — to enable the real-time visualization and management of payment processing workflows across legal, fund accounting, administration, finance and compliance departments. Given the proactive demand of clients, our core team focuses the majority of its time on developing aXpire’s core applications, and sharing the Company’s capabilities with prospective customers through live and web-enabled demonstrations.

Our core team consists of the prior LSG C-suite, with over 90 years of combined experience in the software-enabled payments space. We also have nine full-time developers with blockchain competency, built from our partnership with R3, an enterprise software company focused on building a proprietary blockchain-inspired platform, Corda. Our Company will initially serve asset managers and fund administrators at banks, hedge funds, private equity firms and other financial institutions to deal with the resource- and time-costly process of managing and distributing expenses to each fund, or split of funds, as appropriate. Building out and providing this spend management service for asset managers is phase one of our company. Going forward, aXpire will expand its spend management technologies across industries outside of asset management, e.g. natural resources, travel & leisure, healthcare, food & beverage, transportation etc., removing human-manual processes in the expense management lifecycle through a highly secure SaaS model. Outside of asset management, our technologies will allocate expenses across different internal departments, or “cost centers” (e.g. finance, legal, accounting etc.) in a similar fashion to expense apportionment across different funds within asset managers. This industry-agnostic approach is phase two of our company, mainly focused on mid- and back-office expense management improvements. We have advisor experts in all of the aforementioned industries to enhance our go to market strategy.

Our suite of aXpire applications create seamless, digital connections across all key functional departments and stakeholders, including:

As a SaaS solution servicing regulated customers, we have strong barriers to entry through data gathering and security network effects. Our data gathering efforts allow machine learning at each client to provide increasingly sophisticated solutions, eventually removing the bulk of human input. In regards to security, as an ISO 9001:2015 & ISO 27001:2013 certified Company, security and quality is at the core of all of our solutions.

OUR PARTNERS

aXpire is actively involved in two core partnerships, R3 and Microsoft. R3 is an enterprise software company focused on building a proprietary blockchain-inspired platform, Corda. aXpire has been an official partner of R3 since November 2017, and is listed alongside Accenture, Bain & Company, Cognizant, KPMG, Hewlett Packard, Intel and Microsoft, among others. Our in-house development team works with R3 to implement blockchain software into our existing applications, and has been actively trained in Corda. We also work closely with Microsoft as a partner on their PowerBI tool, allowing us access to their latest software, and also allowing us to engage in a fruitful two-way conversation.

AXP TOKEN

The AXP token is a decentralized application (dapp) token developed on top of Ethereum blockchain, in line with the ERC223 standards, which is an enhanced version of its predecessor ERC20 standards. The aXpire network is free to use; the code is open source, with an Apache license. The initial distribution of the token will be done through a TGE (Token Generation Event), where anyone can purchase the AXP token in exchange for ether or bitcoin (additional forms of payment are being considered).

Once we build out our industry agnostic software back end, we will require vendors to use AXP for “e-procurement” and/or “e-bidding” for expense contracts. Clients will be able to submit jobs to our platform, with invoices payable in AXP. If vendors plan to transact on the live network and submit invoices, they’ll need AXP to cover the base fees for those transactions. By design, transaction fees on aXpire are very low cost. For more detail, see the “AXP SMART TOKEN CONCEPT” section of this light paper.

Management of the TGE is performed through smart contracts, which deal with token transfer, creation, minting etc. Code written for the TGE will be open source, available for smart contract structure and concept auditing. There will be public APIs available for developers as well as exchanges to conduct operations, like transfer or purchase of AXP tokens. In the public presale, participants can obtain the token at a 30% discount rate, or $0.07 USD. The AXP token would be exchanged with the valuation 1 AXP = 0.10 USD or equivalent ether or bitcoin (additional forms of payment are being considered). The TGE will end as soon as the 40% token generation hard cap, $10m, is attained.

WHY DECENTRALIZE?

aXpire solves the need to maximize profitability through artificial-intelligence-driven, blockchain and cloud-based spend management. We can offer meaningfully differentiated security through the provision of our software in a distributed, secure and egalitarian manner — there is a decentralization edge. We reduce the incentive for cyber security threats through the use of a unique, AXP token. We also leave an immutable trail of transactions that provides value throughout the auditing, compliance and reporting process for any client that is required to understand company spend and profitability data. Regulated hedge funds, for example, need to report fund expenses to the SEC. Any user of our software will also be able to view, in real time, spend data across the company, providing live data for intelligent profit maximization. Decentralization provides us access to all of these advantages, and also allows a “clean” method of fundraising, kickstarting early growth.

Our TGE will provide funding for the further development of Resolvr, future platforms, educational resources for our clients interested in blockchain/AXP/Resolvr and an incentivization pool for encouraging businesses to adopt aXpire products and AXP.

GENERAL OVERVIEW OF TOKEN GENERATION EVENT

aXpire is launching its TGE early January via a pre-sale to the public throughwww.axpire.io. Those who buy into the public pre-sale, which will run through early February 2018, will be eligible for a 30% discount on AXP tokens. Following the close of the public token pre-sale in early February, or should we sell the 30% supply of AXP pre-sale tokens, we will commence the full sale. We will sell up to 75% of all available tokens in the TGE, with the remaining tokens used as set out in the “TOKEN DISTRIBUTION” section.

CONCLUSION

aXpire comprises secure enterprise software spend and payments management technology. We offer a fast, safe and auditable way to manage spend on external vendors. We allow internal departments to communicate seamlessly and we plug and play into a variety of existing softwares to avoid data silos. We will exercise our expertise in data analytics to build out an spend management artificial intelligence platform. Our AXP token represents a vehicle to enable spend management in a distributed ledger environment. Funds raised from our token sale will be used to develop the utility of the platform and to maximize the value of our global spend management solution.

For more information, reach out to [email protected]

DISCLAIMER

PLEASE READ THIS DISCLAIMER SECTION CAREFULLY. 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).

The information set forth below may not be exhaustive and does not imply any elements of a contractual relationship. While we make every effort to ensure that any material in this white paper is accurate and up to date, such material in no way constitutes the provision of professional advice. aXpire does not guarantee, and accepts no legal liability whatsoever arising from or connected to, the accuracy, reliability, currency, or completeness of any material contained in this white paper. Potential aXpire token holders should seek appropriate independent professional advice prior to relying on, or entering into any commitment or transaction based on, material published in this white paper, which material is purely published for reference purposes alone.

aXpire tokens is not intended to constitute financial securities instruments 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. aXpire does not provide any opinion on any advice to purchase, sell, or otherwise transact with aXpire tokens and the fact of presentation of this white paper shall not form the basis of, or be relied upon in connection with, any contract or investment decision. No person is bound to enter into any contract or binding legal commitment in relation to the sale and purchase of aXpire tokens, and no cryptocurrency or other form of payment is to be accepted on the basis of this white paper.

This aXpire white paper is for information purposes only. We do not guarantee the accuracy of or the conclusions reached in this white paper, and this white paper is provided “as is”. This white paper does not make and expressly disclaims all representations and warranties, express, implied, statutory or otherwise, whatsoever, including, but not limited to: (i) warranties of merchantability, fitness for a particular purpose, suitability, usage, title or non-infringement; (ii) that the contents of this white paper are free from error; and (iii) that such contents will not infringe third-party rights. and its affiliates shall have no liability for damages of any kind arising out of the use, reference to, or reliance on this white paper or any of the content contained herein, even if advised of the possibility of such damages. In no event will team aXpire or its affiliates be liable to any person or entity for any damages, losses, liabilities, costs or expenses of any kind, whether direct or indirect, consequential, compensatory, incidental, actual, exemplary, punitive or special for the use of, reference to, or reliance on this white paper or any of the content contained herein, including, without limitation, any loss of business, revenues, profits, data, use, goodwill or other intangible losses. aXpire makes no representations or warranties (whether express or implied), and disclaims all liability arising from any information stated in the white paper. In particular, the “Roadmap” as set out in the text of the white paper is subject to change, which means that aXpire is not bound by any representations to the future performance and the returns of aXpire. The actual results and the performance of aXpire may differ materially from those set out in the aXpire white paper.

Please note that contents of this aXpire white paper may be altered or updated at any time in future by the project’s management team. The white paper has been prepared solely in respect of Initial Token Offering of aXpire tokens. No shares or other securities of the Company are being offered in any jurisdiction pursuant to the white paper. The white paper does not constitute an offer or invitation to any person to subscribe for or purchase shares, rights or any other securities in the Company. The shares of the Company are not being presently offered to be, registered under Securities Act of any country, or under any securities laws of any state. the tokens referred to in this white paper have not been registered, approved, or disapproved by the us securities and exchange commission, any state securities commission in the United States or any other regulatory authority nor any of the foregoing authorities examined or approved the characteristics or the economic realities of this token sale or the accuracy or the adequacy of the information contained in this white paper under, the U.S. Securities act of 1933 as amended, or under the securities laws of any state of the united states of America or any other jurisdiction. Purchasers of the tokens referred to in this white paper should be aware that they bear any risks involved in acquisition of aXpire tokens, if any, for an indefinite period of time. Some of the statements in the white paper include forward-looking statements which reflect team aXpire’s current views with respect to product development, execution roadmap, financial performance, business strategy and future plans, both with respect to the company and the sectors and industries in which the company operates. Statements which include the words ‘’expects’’, ‘’intends’’, ‘’plans’’, ‘’believes’’, ‘’projects’’, ‘’anticipates’’, ‘’will’’, ‘’targets’’, ‘’aims’’, ‘’may’’, ‘’would’’, ‘’could’’, ‘’continue’’ and similar statements are of a future or forward-looking nature. all forward-looking statements address matters that involve risks and uncertainties. Accordingly, there are or will be important factors that could cause the group’s actual results to differ materially from those indicated in these statements. these factors include but are not limited to those described in the part of the white paper entitled ‘’ risk factors ‘’, which should be read in conjunction with the other cautionary statements that are included in the white paper. Any forward-looking statements in this white paper reflect the Company’s current views with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to the Company’s operations, results of operations and growth strategy. These forward-looking statements are made only as of the date of the white paper. Subject to industry acceptable disclosure and transparency rules and common practices, the company undertakes no obligation publicly to update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. All subsequent written and oral forward-looking statements attributable to aXpire or individuals acting on behalf of aXpire are expressly qualified in their entirety by this paragraph. No statement in the white paper is intended as a profit forecast and no statement in the white paper should be interpreted to mean that the earnings of aXpire for the current or future years would be as may be implied in this white paper. By agreeing to acquire aXpire tokens I hereby acknowledge that I have read and understand the notices and disclaimers set out above and contained in this white paper.

No regulatory authority has examined or approved any of the information set out in this white paper. Thus, no 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. Please refer to our website for terms & conditions of participating in the aXpire initial Token offering.

FOOTNOTES

[1] AUM data according to client website 
— as of December 13, 2017

[2] “AI in Fintech Market — Global Forecast to 2022” 
— Cision, PR Newswire

[3] “Regtech Spending to Exceed $76Bn By 2022, As Compliance Costs Soar” — Juniper Research

[4] “Global Enterprise Resource Planning (ERP) Market (2017–2022)” 
— Mordor Intelligence


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