Whitepaper

1. Purpose

The purpose of this document is to explain in detail who Abenuz Limited is and what role we are looking to perform in the Cryptoactive market.

1.2 Preamble

Abenuz is a private financial technology company that will operate from a virtual Cryptoactive trading platform, offering a wide range of products and services related to digital assets.Digital assets will run on distributed ledger technology (DLT) and blockchain established on a dynamic, secure and reliable exchange platform.These exchanges are made through electronic transactions using encryption techniques with "cryptographic technology to ensure transactional flow".

2. Asset Exchange

There are two types of exchanges, those made with fiat currency (Fiat); and the non- fiduciary, which are carried out with cryptography, called cryptocurrency or cryptoactive.Abenuz Limited will play a very important role in the Cryptoactive market, starting with the exchanges of cryptoactive into Fiat currency, with the particularity that users will be able to access Fiat currency as many times as they require under the support of Abenuz's Limited financial backing that will link the private banking, thereby driving the future of crypto finance worldwide.The Abenuz Limited platform will be able to support all established digital assets, that is, all the most popular cryptocurrencies and will be combined directly through Abenuz Limited with Fiat currencies, such as the pound, the US dollar and the euro. Users who wish to participate in operations based on Cryptoactive or Fiat currency must pass the Know-Your-Customer (KYC) verification.We will comply with strict KYC and AML procedures.All Cryptoactive through Abenuz Limited can be paired with Fiat, Abenuz Limited users can exchange cryptoactive with any other cryptoactive such as Bitcoin (BTC), Ethereum (ETH), with a graphical interface versatile enough for operators that are complying with the standards and AML / KYC policy established.The exchange of digital assets within the blockchain environment is carried out in two types, the decentralized and centralized, each with its own technological architecture.

2.1 Decentralized exchange

Decentralized Exchanges work with a routing layer. The user is in control of their funds and private keys. This type of exchange provides unique wallet addresses for each user, including private keys.

2.2 Centralized exchange

Centralized exchanges act as custodians of the user's digital assets. It gains complete control of each of the assets on its platform that acts similarly to a traditional brokerage or bank platform, and manages all client funds.Abenuz Limited considers that to be successful as an exchange system, the best aspects of both systems must be considered, creating a hybrid platform with transparency and security.

3. Digital Token

Abenuz Limited will work with a digital token, which will establish a value within the standards of the current community or market.Our token will be backed by Fiat currency, allowing reliability and security to people and organizations, having a robust decentralized exchange method. With blockchain technology and integrated consensus systems, they allow transactions in less volatile currencies and assets, guaranteeing stability in the exchange price.

4. Security Procedures and Mechanisms

• - The blockchain is an auditable and cryptographically secured global accounting book, where internal and external financial audits can be carried out and they will be published on our site. These audits will be able to demonstrate that the issued tokens are fully backed and reserved at all times.
• - Accounts that are involved in activities that violate AML laws will be verified and restricted
• - The “Know your customer (KYC)” procedure is considered for all fiduciary operations in Cryptoactive.

5. Glossary

ADL: Audit for the Prevention of Money Laundering / Against the financing of terrorism (AML / CFT).

AML: is an acronym for the English concept Anti-Money Laundering that we would translate as prevention of money laundering (PBC). It is a concept used mainly in the financial and legal world to describe the legal controls that financial institutions and other regulated entities must comply to prevent, detect and report on possible suspicious activities of money laundering.

Cryptoactive: it is a digital medium of exchange that uses strong cryptography to secure transactions, control the creation of additional units and verify the transfer of assets using distributed registry technologies, also known as cryptocurrency.

Blockchain: it is a chain of blocks or a single registry, agreed and distributed in several nodes of a network, better known by the English term blockchain.

Bitcoin (BTC): Is a protocol, open source project, and peer-to-peer network that is used as a cryptocurrency, payment system, and merchandise.

Ethereum (ETH): It is an open source platform decentralized unlike other blockchains, Ethereum can do much more. It is programmable, which means developers can use it to create new types of applications

Fiat: is a form of Fiat money whose quality of money comes from its declaration by the State.

Know-Your-Customer (KYC): "know your client" is what financial institutions do to verify the identity of their clients in compliance with legal requirements such as the fourth European Directive against money laundering.

Distributed Accounting Technology (DLT): Distributed Ledger Technology is a technology designed to connect computers anywhere in the world, forming between them a network whose computing power is used to manage a database, without a central administrator and in an environment of mistrust.