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WHITE PAPER(KOR)

MAY, 2024

Version 1.0

CreBit

1. Introduction

Despite the diversification and popularization of payment methods

utilizing IT technology such as credit card and online payments,

contemporary society still struggles to resolve the discrepancy between

the point of payment and the point of disbursement

For instance, in the case of online credit card payments in certain

countries, up to 12 relevant stakeholders are involved in authorizing a

single transaction, leading to delays in the settlement process.

Consequently, credit card merchants often face the issue of not receiving

settlements for up to 30 days from the time of generating sales

CreBit aims to address the persistent challenges of traditional credit card

payment services by establishing a platform that enables credit card

merchants to receive rapid settlements through the purchase of

receivables from their transactions using investor capital. By integrating

this with the cryptocurrency ecosystem, CreBit seeks to build a system

where investors can also receive financial rewards.

Existing Settlemen

System Issues

Existing Settlement System Issues

Authorization

In the fourth quarter of 2017 alone, VISA, a global financial network company, handled

transactions worth $2 trillion, while the transaction volume of PayPal, a global online

payment company, surpassed $452 billion in the same year

As accessibility and usage of credit card payments have rapidly increased in modern

society, authentication and verification procedures to prevent various financial

accidents have become increasingly complex and diverse. From payment to

settlement, transactions are processed through a minimum of 8 intermediaries and 13

procedures. The proliferation of these intermediary stages signifies prolonged

settlement cycles for businesses and poses challenges to cash liquidity.

Cardholder Presents a car

to pay for purchases.

Merchant processes the car

and transaction information

and requests an authorizaio

from the merchant bank.

Merchant bank submit

the authorization reques

to Credit Card Network.

Credit Car Networ

sends the reques

to the card issuer.

Merchant receive

the authorization respons

and completes the transactio

accordingly.

Merchant bank forward

the response to the merchant.

Credit Card Network forward

the card issuer`s authorizatio

response to the merchant bank.

Card issuer approve

or declines the transaction

Clearing and Settlement

Figure 1_Procedure from credit card payment to settlement.

Merchant deposits the transactio

receipt with merchant bank.

Merchant bank credit

the merchant`s accoun

and submits the transaction t

Credit Card Network for settlement.

Credit Car Network 

-facilitates settlemen

-pays the merchant ban

and debits the card issuer account

Cardholder receive

the statement.

Card Issuer 

-posts the transaction t

the cardholder accoun

-sends the monthly statemen

to the cardholder

Therefore, CreBit aims to address the longstanding issue of delayed card issuer

settlements by establishing a platform where credit card merchants can trade their

card issuer settlement receivables with investors. Ultimately, CreBit seeks to provide

merchants with the value of seamless cash liquidity and offer investors a new payment

ecosystem operating on various rewards based on NFT bond certificates, incentives

(CBAB), and foundation governance.

CreBit Project

Gomi Payments Co., Ltd., the parent company and technical partner of the CreBit

Foundation, provides VAN, PG, and POS apps to approximately 60 credit card

merchants, offering payment processing services worth about $144,000,000 annually

Leveraging its own technological capabilities, Gomi Payments Co., Ltd. also offers

solutions integrated with EMR(Electronic Medical Record) and CRM(Customer

Relationship Management) programs, allowing small to medium-sized hospital

operators to manage patients and prescriptions and accept cryptocurrency payments

for medical expenses. With an impressive monthly average transaction growth rate of

42% in 2023, Gomi Payments Co., Ltd. is rapidly expanding its merchant base. This

rapid growth is expected to enable the CreBit project's ecosystem to be quickly applied

and expanded.

Integrated EMR & CRM

Bitcomputer(EMR)

Ahasoft(CRM)

Keynoty System(CRM)

Ginus(EMR)

CreBit aims to implement a platform based on blockchain technology for trading

receivables of credit card merchants. By purchasing sales receivables from credit card

merchants, CreBit aims to enhance their cash liquidity. On the other hand, it plans to

recruit investors to raise funds for receivable purchases and reward them with

convertible receivable certificates and incentive tokens (CBAB) for future monetization

Drawing from the expertise gained by Gomi Payments Co., Ltd. in providing payment

and POS installation services across various sectors such as hospitals, gas stations,

restaurants, online malls, and cafes, CreBit will leverage insights into industry-specific

payment environments, methods, and settlement cycles. Based on this knowledge, it

will offer a solution where users holding CBAB tokens can easily and swiftly use them

to procure goods and services in all online and offline environments.

Credit card merchant

Bond purchase

CBAB

Product, Service

Fundin

(USDT, BTC, CBAB, ...)

NFT bond + Incentive(CBAB)

Settlement

CreBit

Card Company

Investor

Exchange

Holders

Figure 2_CreBit circulation model

Stakeholders

This project consists of stakeholders centered around the foundation, including

investors, credit card merchants, and users. Their respective roles are outlined as

follows:

- Foundatio

As the entity responsible for purchasing receivables from credit card merchants, the

foundation is tasked with overseeing the prosperity of the CreBit project, as well as its

operation and management

- Investor

Decision-makers within the foundation, responsible for fundraising to enable the

foundation to purchase receivables from credit card merchants.

- Credit Card Merchant

Entities selling receivables through the foundation, serving as merchants where users

can avail goods and services using CreBit tokens (CBAB)

- Users(Holders

Refers to individuals or entities holding CreBit tokens (CBAB). They can obtain goods

and services by using CBAB at credit card merchant establishments.

Investors

Investors play a pivotal role in the project, contributing to the foundation's ability to

purchase receivables from credit card merchants by raising capital. The foundation,

leveraging smart contracts, simultaneously issues Non-Fungible Tokens (NFTs) to

investors, representing the amount raised and corresponding receivable certificates

Investors holding NFT bonds wield decision-making power in foundation operations,

including but not limited to U

CK Determining the quantity of CBAB incentives disbursed for NFT bondsK

?K Timing for potential burning of NFT bondsK

[K Allocation of surplus funds held by the foundationK

jK CBAB staking policies, and more

Foundation

Credit Card Merchant

Users(holders)

The foundation's role can be broadly categorized into two main aspects. Firstly, it

recruits credit card merchants willing to sell receivables from card issuers to the

foundation in order to secure smooth cash liquidity. Secondly, it recruits investors to

raise funds and, in return, issues Non-Fungible Token (NFT) bonds and Incentive

tokens (CBAB) based on smart contracts as certificates and rewards.

Credit card merchants benefit from securing cash liquidity by selling receivables to the

foundation, enabling them to receive settlements from card issuers the day after sales

occur. Additionally, credit card merchants play a crucial role in the circulation structure

of CreBit tokens, providing goods and services to users in exchange for tokens.

In the CreBit ecosystem, users hold and utilize tokens (CBAB) as a means of payment

to purchase goods and services. Users can utilize CBAB at all credit card merchants

associated with the foundation to obtain goods or services, and they can also enjoy

various discounts and benefits. This program aims to promote the use and circulation

of tokens, fostering the growth and advancement of the CreBit ecosystem.

PoC

Before proceeding with the project, CreBit conducted a Proof of Concept (PoC) to

validate the need for rapid settlement of credit card merchants and to demonstrate the

feasibility and effectiveness of applying AI-based technology to collect and analyze

various data (credit, defaults, financials, etc.) from credit card merchants for safer

receivables transactions

The PoC successfully completed a total of 524 transactions, involving the purchase of

receivables totaling approximately $1 million from credit card merchants and the

subsequent retrieval of settlement funds from card issuers. Credit card merchants can

easily sell their receivables through the CreBit platform using simple electronic

contracts and access transaction details.

Done NextPrevious

All input fields have been

completed.

Please submi

the document

Deny

CreBit l E-Contract

Figure 3_CreBit PoC Main Screens(Mobile)

AI Risk Management

The project can be described as the repetitive process of the foundation expending

funds to purchase receivables from credit card merchants and subsequently retrieving

settlement funds from card issuers. However, this process entails several key financial

risks, and the foundation mitigates them by comprehensively collecting credit-related

data from credit card merchants, such as credit ratings and defaults, and analyzing

them through AI to ensure the smooth operation and stable ecosystem of the project.

Figure 4_CreBit RM MODEL WITH AI

Analysi

Model

Abuse detection

Future Sales Forecast

Set usage limit

Execute forced withdrawal protocol

CreBit obtains answers to the following questions through its proprietary finely tuned

AI based on collected data such as credit, creditworthiness, and defaults.

The stability of settlement bonds

The limit amount for settlement bonds

Future sales volume of credit card merchants

Detection of abnormal transactions

Probability of merchant closure

Prediction of the required fund size for the foundation

Staking

4. Staking

(1) CreBit and CBAB tokens are not considered financial investment products under the

Capital Market and Financial Investment Act and are not subject to the Consumer

Protection Act. Interpretation of investment proposals, solicitations, or solicitations for

CreBit and CBAB tokens should not be construed or interpreted as proposals or

solicitations for profit generation, based on announcements, whitepapers, or other

operational policies of the CreBit project.

(2) When distributing profits to partners, rewards for staked CBAB tokens will be

distributed according to the set reward period. However, under no circumstances does

it guarantee investment returns or a fixed reward ratio.

(3) Staking or unstaking may take a certain amount of time, so staking or unstaking

may not be completed at the time desired by the partner.

(4) CreBit does not guarantee the accuracy and timeliness of real-time market prices

and other information, as well as the stability of prices and networks.

(5) Unstaking may be delayed or staked CBAB tokens may be lost or not returned due

to reasons unrelated to this service, such as wallet errors or network checks of

partners. This service assumes no responsibility for delays or losses.

(6) This service disclaims any warranties, whether express or implied, including but not

limited to merchantability, fitness for a particular purpose, performance, quality,

reliability, sustainability, timeliness, and non-infringement of intellectual property

rights, including copyright.

(7) The Company does not guarantee the suitability, security, or integrity of the wallet

and network used by partners, and security incidents such as instability of wallets or

connection failures may occur.

(8) Regulation of blockchain and similar technologies is uncertain, and new regulations

or policies may significantly impact the potential usefulness, value, and stability of this

service. Thus, all or part of this service may be changed or discontinued in accordance

with directives, recommendations, relevant laws, and regulations from governments or

regulatory authorities.

(9) There are risks associated with the use, transmission, and storage of internet-

based services, including but not limited to network security, malware infiltration,

unauthorized access to information or wallets, and other hardware, software, system,

and communication risks. Third-party service system, hacking risks, and more.

(10) This service is not liable for any loss of expected profits incurred by partners

participating in this service.

NFT

CBAB

Investors can receive Incentive tokens by staking NFT bonds issued through

fundraising, and the staking and reward policy of CreBit V1.0 NFT is as follows.

Users who stake their CBAB will receive rewards in CBAB for holding it. The staking and

reward policy of CBAB in CreBit V1.0 is as follows.

The stability of settlement bondsDivition Detail Note

Incentive 5% of bond value

Annual Estimate

Compensation Rate

Incentive payment cycle 2~3 days -

The stability of settlement bondsDivition Detail Note

Staking reward rate 7% of staked CBAB

Annual Estimate

Compensation Rate

Incentive payment cycle 2~3 days -

Burning

5. Burning

Investors can burn the NFT bonds issued through fundraising after a certain period,

and through burning, they can convert the originally invested amount into

cryptocurrency.

The stability of settlement bondsDivition Detail Note

Burnable period 30 days after issuance -

Tokenomics

 Token allocation

Category

Total

100

Amount

8,000,000,000

Vesting

Ecosystem

Strategic Investors

Development

Marketing

Team

Liquidity

Reserve

Advisors

3,200,000,000

1,200,000,000

800,000,000

400,000,000

320,000,000

80,000,000

5% TGE / 6M Cliff / 36M Vesting

10% TGE / 12M Cliff / 36M Vesting

5% TGE / 6M Cliff / 36M Vesting

0% TGE / No Cliff / 36M Vesting

100% TGE

0% TGE / 12M Cliff / 36M Vesting

10% TGE / 6M Cliff / 36M Vesting

ð Token Name : CreBié

ð Token Ticker : CBAÝ

ð Token Network : BNÝ

ð Total Supply : 8 billion

þ Token information

Roadmap

ROADMAP

202

Second Half

202

First Half

202

Second Half

Exceed monthly revenue of 15 million.

Surpass monthly transaction volume of 300,000.

Reach over 50 monthly payment merchants.

Launch Crypto Crebit Card.

List on global exchanges.

Launching Exclusive Discount Financial Products for Crebit Alliance

Securing Series B Round Investment

Partnering with Global Top Commerce Companies for Financial Product Collaboration

Partnering with Global Top Travel Agencies for Financial Product Collaboration

Launching Crebit BaaS Solution

Issuing Crebit NFT

202

Second Half

202

First Half

202

Second Half

Team & Partners

Team

Founder

Ceaser

Developer

Jake

Designer

Tony

Operator

Carter

CSM

Bando

Co-Founder

David

Project Owner

Kai

Our payments service

Partners & Investors

Business Company Country

Web3 Konnect Korea, Republic of

Web3 GOMDori Korea, Repubilic of

Web3 CLS -

Web3 SYSCOIN

Web3 DWF LABS United Arab Emirates

Web3 MIND VENTURES Australia

Web3 XRADERS -

Web3 The Crypto -

Web3 coincodex -

Web3(Law) Le

al Kornet United States

Web3 BURRIT

wallet Korea, Republic of

Web3 ALINIEX Vietnam

Web3 ONRAMP.money India

Web3 Sooho.io Korea, Repubilic of

Web3 Moonpay United States

Web3 polygon studios United States

Web3 CERTIK United States

Fintech toss payments Korea, Republic of

Fintech innopay Korea, Republic of

Fintech NexPay Korea, Republic of

Fintech VTO Pay Vietnam

- MOMO -

Fintech KICC Korea, Republic of

Bank VietinBank Vietnam

WMS Haravan Vietnam

Credit Card Samsung Card Korea, Republic of

Credit Card

KB Card

Korea, Republic of

Credit Card Shinhan Card Korea, Republic of

Credit Card KEB Hana Card Korea, Republic of

Credit Card Woori Card Korea, Republic of

Crypto & Pay Binance Pay Hongkong

Fintech NICE Payments Korea, Republic of

Fintech T Order Korea, Republic of

Our Creditcard merchants

Business Company Detail

Medical With him Internal medicine

Medical MS(pyeongtaek) Ophthalmology

Medical MS(hyangdong) Ophthalmology

Medical Samsungsaebom Ophthalmology

Medical Bakeunnoon Ophthalmology

Medical Photato & Snowman OB/GYN

Medical Incheon first Ophthalmology

Medical Rose & Nightingale Surgical clinic

Medical 365wellness Rehabilitation

Medical Nauri Neurosurgery

Medical Soksoklin Internal medicine

Medical MS(Dongcheon) Ophthalmology

Medical Tiger Neurosurgery

Medical Uri Adolescent

Medical Mind Plastic Surgery

Medical ABC General Hospital

Pilates Given -

Cafe Glate -

Cafe Tipping point -

Cafe Grit -

Cafe Cloud -

F&B Chungdam Yun Japanese restaurant

F&B haeilock Japanese restaurant

F&B Kkokkoro Chicken Franchise

Bar The open -

Gas station Gangsang -

Gas station Baeksuk -

Gas station unhae -

Gas station Unaksan -

Gas station Expo -

Gas station Incheon -

Gas station Ansung -

Gas station Janghowon -

Gas station Namisum -

Fitness Given -

Gas distribution GED Pohang -

Bar Seroi -

F&B Shinsa Kkotgaedang Korean restaurant

Legal Notice

If you have any questions about the actions you should take, CreBit recommend that you

seek advice from your legal, financial and other relevant experts. The CreBit will not be

liable for any actions you take by confirming the information contained in this document.

Also note that this white paper has been written based on the status at the time of its

preparation and may be modified or changed in the future. Even as it stands, this white

paper does not assign objective value

The CreBit does not encourage you to invest, and this white paper is not intended to

encourage you to invest. This white paper was written for reference purposes to provide

information on the CreBit project.

Prohibition of the Presumption of Investment Recommendatio

This white paper should not be construed as an investment recommendation in any way,

and you shall fulfill your own duty of care. The consequences of your decisions, actions and

behaviors are based entirely on your judgment, whether it is profit or loss. In other words, it

is important to note that the CreBit will not be liable for any losses, liabilities or other

damages to you and will not assume any legal responsibility.

Prohibition of the Presumption of Advic

Nothing written in this white paper constitutes advice. CreBit recommend that you read this

white paper carefully and independently consult a relevant expert if you have any

questions.

Restricted Regions Warnin

This white paper is not intended for distribution, use, etc. to persons in countries or regions

where distribution, publication, or use is in violation of laws or regulations. In certain

countries and regions, distribution and subscription of this white paper may be restricted or

prohibited by law or regulation, so please check and be aware of the limitations on your

own. In other words, it is important to note that the CreBit will not assume legal

responsibility for access to this white paper from areas where access is prohibited or

considered illegal and that individuals are liable for such incidents and their consequences.

Predictive Statements Warnin

Certain expressions in this white paper contain various predictive statements about the

future, vision and plans of the project. These statements will be expressed in various terms

regarding the future such as purpose, objective, goal, predict, target, trust, possible,

possibility, planning, potential, will be, and will do. However, these predictive statements

and terms are not statements based on historical facts and contain a variety of risks and

uncertainties. Therefore, the expected activities, guidelines and targeted projects in this

white paper may not be achieved or be changed in unpredictable circumstances and this

white paper does not assign them any objective value. This is a clear statement that there is

absolutely no assurance or guarantee of any situation arising in relation to predictive

statements.

Advertisement and Distributio

This white paper is intended to provide information and is not for advertising and

distribution. Accordingly, this white paper shall not be spread, distributed or reproduced for

any purpose.

Loss of Private Key for Walle

The CreBit clearly states that it is not responsible for any loss of private keys for wallets nor

for any disadvantages or damages caused by the loss of private keys

The contents included in this white paper is merely an indicator. The white paper is not a

plan for securities issuance, nor is it intended to induce investment or to encourage the

issuance, purchase or investment of securities. Therefore, it should not be read in any form

in the direction of investment advice or recommendation. Furthermore, participants must be

aware that the CBAB Token is not for the issuance of securities. Participants should refrain

from participating for the above purposes

The CreBit shall not be held responsible in any way for any losses, liabilities or other

financial damages caused by investors or participants making decisions by referring to this

white paper, nor shall it assure or guarantee any future profits or losses from transactions of

coins or tokens related to this white paper

This white paper does not assign objective value. Please keep in mind as you read this white

paper that it is just a subjective opinion of the CreBit. Also, please note that any plans

including the roadmap are predictive statements and not definitive statements. In addition,

there may be changes in various market conditions such as political, societal, economic

changes and there is a possibility that the project token will not be accepted or applied. And

the project team’s plans and objectives may not be executed or achieved despite the efforts

of the CreBit. Please note that the “Foundation” has no legal or moral responsibility for any

incidents in connection to the contents of this document.

Q&A

Q.

I would like to know more details about CreBit, CBAB

and Gomi Payments Co., Ltd.

CreBit is the name of this project and the foundation conducting it, while CBBT is the

blockchain-based token used within the CreBit project ecosystem. Gomi Payments Co.,

Ltd. is the parent company of the CreBit Foundation and serves as its technological

partner, supporting all technical aspects and networks for the operation of the CreBit

ecosystem.

Q.

What goods and services can be exchanged for CBAB tokens?

hrough the CreBit Foundation, CBAB tokens can be used to procure goods and services

at credit card merchants worldwide that are receiving quick settlement services

(selling settlement bonds).

Q.

How can I obtain or purchase CBAB?

CBAB can be periodically acquired by receiving NFT bonds through funding from the

CreBit Foundation. Additionally, it is available for purchase on existing cryptocurrency

exchanges such as [Exchanges]. For detailed information on CBAB's market

capitalization, total supply, etc., you can also access platforms such as CoinMarketCap,

Coingecko, etc., to verify.