Precium foundation

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About

About

Hybrid Blockchain

- A hybrid blockchain that combines the advantages of the public and private blockchains.

- An Onyx Chain which has been developed in Precium will be aimed at maintaining the safety of the public blockchain, high trandsaction rate and scalability of the private blockchain.

Design Contract and
Get Rewarded

- Anyone can create the codes for the terms of smart contract in Precium platform.
- The contract terms go through a validation process and can be uploaded to the platform.
- If platform users use the template to create a smart contract, the Onyx coins are dispensed to the corresponding template creator as compensation.

Easy &
Secure smart contract

- The platform users can easily make the smart contract by combining the validated contract terms.

- The Onyx chain which has highly efficient structure for using smart contracts supports Precium platform.

Fast & Scalable

- The Onyx chain employs a new consensus protocol which is optimized for hybrid blockchain to preserves blockchain’s transparency while enjoying a high transaction rate and high scalability.

Oracle Ecosystem

- Oracle technology supports bringing external information onto the blockchain and determine whether or not a certain smart contract’s conditions have been fulfilled.
- To increase reliability and provide developers with optimized APIs, Precium consistently seeks to partner with organizations and research institutes that develop the APIs that provide external information to Oracles.

BUSINESS

BUSINESS

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01 Precium Platform


 The Precium platform is a smart contract platform based on Onyx Chain, a Hybrid blockchain that combines the advantages of a Private blockchain with a Public blockchain. There are two parties involved in the Precium Platform, the Contract Users and the Contract Creators. Contract Creators provide a validated contract conditions or templates to Contract Users, and Contract Users can build a new Smart Contract in the Onyx chain using the conditions provided by the Contract Creators. In this process, the Contract Creators are rewarded for every time whenever the contract conditions are used. In addition, Precium Platform provides a secure and versatile form of smart contract for contract users by building a reliable Oracle solution that connects on-chain and off-chain.

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02 The Onyx Chain


 Onyx Chain of Precium Platform is a Hybrid Blockchain in which each private block is attached to a public block chain. The content in the public block is freely available to all nodes participating in the Onyx chain. A private block is associated with a public block having its own hash value, and only the node which is directly related to the public block can view the corresponding private block. In addition, private blocks can access to external information on the Onyx Chain through Oracle technology and build smart contracts based on them.

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03 Oracle


 Oracle is a technology that imports information on a blockchain from off-chain network into an on-chain network. In other words, Smart Contracts within a blockchain network will be able to collect information from outside of the blockchain through Oracle and use this information to determine whether the contract’s conditions are fulfilled. Therefore, the information that comes into the block chain through Oracle is directly linked to the reliability of the smart contract. Precium Foundation is working with institutions and laboratories to prepare a reliable Oracle API configuration, and is planning to make more partnerships as the usage contract expands. We will also reward for the usage of partner’s API on the platform. This will allow everyone to receive reliable information and expect healthy development of the Oracle ecosystem.

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04 Token Economy


 Precium’s token economy consists of Precium tokens (PCM) and Onyx coins (ONX). PCM is based on ERC20, a token standard that ensures the compatibility of tokens that can be distributed over the Ethereum network. This means that PCM will be interoperable with a number of use cases and will be used in a variety of projects to vitalize the Precium platform.
 ONX is the key currency of the Precium platform; it is a stablecoin pegged at one U.S. dollar. On the Precium platform, ONX is used in Onyx chain smart contracts and as compensation for Contract Creators and Oracle API providers. Additionally, PCM can be exchanged with ONX on the Precium platform; their exchange rate depends on the external trade value of PCM.

05 Token Distribution

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WHITEPAPER

WHITEPAPER

roadmap

roadmap

Team & advisors

team & advisors

Founder Dev & Design Marketing Managing Advisor Specialist
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Han Kim
CEO, Founder

- Korea Univ. Electrical Engineering
- Former Software Engineer at LG CNS
- Designed and Developed Chatbot Service for Home Shopping (70% of market share)

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Alex Lee
CTO, Co-founder

- Korea Univ. Electrical Engineering
- Korea Univ. Electrical and Computer Engineering, Ph.D.
- Developed Algorithm More Than 10 Goverment/Enterprise Projects

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Jay Ye
Architect, Co-founder

- Korea Univ. Electrical Engineering
- Korea Univ. Electrical and Computer Engineering, M.S.
- Involved in International Standardization (IoT Sector)

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Ray Kim
CFO

- Toronto Humber College, Canada
- Former Head of Overseas Business Team, Ever Techno Co., Ltd.
- Former Director of TXR Partners

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KH Byun
Solution Architect

- CTO of MOVILEST
- Managing Operator of AWS Korean User severless group
- Kwangwoon Univ. Electrical Engineering
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In_ho Kim
Senior Developer

- Participated in KT IOT project.
- Participated in Ministry of SMEs and Startups IoT proejct.
- Developed fingerprint sensor Device & SDK.
- involved in Biometrics Certification Standard
- involved in FBI-PIV & India STQC lab

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Mark Jang
Developer

- Graduate School of Information and
Communication Engineering, Korea Aerospace University
- Android developer in Movilest
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JinYong Kim
Developer

- Korean Minjok Leadership Academy
- Yonsei Univ. Energy Engineering
- Developed Apps for Analyzing Vehicle OBD2 Data in KewTea
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Jiho Kim
Marketing Director

- Korea Univ. College of Business
- CFO at TeamEXE Inc.
- Co-founder of KCENT Inc.

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Woongrae Son
Marketing Lead

- Korea Univ. College of Business
- McKinsey & Company Consultant
- CSO at KCENT Inc.

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JD Ahn
Developer

- Korea Univ. Electrical Engineering
- Former System Engineer at LG Electronics Inc.
- Involved in Algorithm Development of BMS in Electric Car

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Yerin Kim
Global Marketing

- Korea Univ. College of Liberal Arts
- Vice Chairman at ITS in Korea Univ.
- Involved in Chinese Translation at IME Labs of Korea Univ.

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Sa Rang Yun
Designer

- Sungkyul Univ. Korean Literature.
- HIVE CENTER Corp. Web Designer (2016-2018)

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Heily
Design Lead

- Ewha Women's Univ. Visual Design

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Hoontak Jung
Advisor

- CEO of IHQ
- Advisor of Korea Entertainment Management Association
- President of Korea Entertainment Management Association
- Founder/CEO of I Love Cinema
- Founder/CEO of iFilm
- Founder of EBM production

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Jonathan Lee
Advisor

- BS in Management Science, University of California San Diego
- COO of Yello Digital Marketing GroupBusiness Development Director of WPP Korea
- Experienced blockchain start-up advisor, other projects include SIX Network, XCHNG, Blue Block Capital and HARA.

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Nicko Deng
Advisor

- Master of Information Technology and Management, University of Nottingham, UK
- Emerging Investor
- Professional Blockchain Consultant
- Investment reviewer of Tencent
- Investment reviewer of Decent Capital (founded by Jason Zeng, Co-founder of Tencent)
- Participated in more than 15 blockchain projects

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Wyeth Lee
Advisor

- CRO, Omni Commerce (China)
- CEO of Samsung Opentide China
- President of Samsung SDS China Corporation
- Owner of Residence Permit in China (Green Card)

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Daniel Kang
Advisor

- Sogang University BA/BS
- Deputy Managing Director at Geometry Global Korea
- Brand communication expert providing marketing consultancy to multiple Fortune 500 companies
- Winner of international creative awards: PMAA Dragons, Shopl, IDSA, K-Design, Luerzer’s Archive.
- Youngest Senior Management official within Korea’s WPP Agency Network

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Daniel Doohyun Han
Advisor

- Bachelor of Business Administration, lowa States University
- Founder of Tiny Big
- Founder of LLH Partners
- Chicago Kintetsu
- KPMG Strategic Consulting Team Consultant in Korea

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JungHyun Kim
Advisor

- Serial Entrepreneur, Angel Investor
- Founder and CEO of WOOZOO shared house
- Founder/CEO of Delight (Acquired by DaewonPharm)
- TNNATION Founder and CEO (Acquired by IOK Entertainment)
- The First Korean Member of the World Economic Forum’s Year of the Social Enterprenuer (2015)
- Entrepreneur of the Year by Forbes Korea (2013)
- President Award of the Korea Human Resources Award (2011)

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Michael Song
Advisor

- Co-founder of YSK MEDIA & PARTNERS
- Advisor of YAP Chain & YAP Company
- Co-founder of E-sports Team Worldgamestar(WGS)
- Business Development Manager of Samsung Corporation

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Alex Kim
Precium Specialist

- Vice Chairman of Precium Foundation
- Graduate School of Media Studies, Korea University
- Standing Director of National Players Association
- Delegate of the Korean Association of National Team Members
- Chairperson of Physical Education Committee of the Yeouido Institute
- Publisher of MBC Economy Magazine
- Olive Nine, Managing Director, KT Group

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Kim Minwoo
Managing Director

- Korea Univ. Electrical Engineering

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Jay choi
Manager

- Korea Univ. Electrical Engineering
- Former Research Engineer at LG display Involved in Algorithm Development

Insights

Insights

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KCENT'S PARTNERS

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