Professional Documents
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Indahash Whitepaper Ico
Indahash Whitepaper Ico
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EXECUTIVE su��ARY
Our mission at indaHash is to tokenize the influencer industry and
create a revolution in terms of brands cooperation and their
audience.
Currently. influencer marketing is ane af the most dynamically growing advertising segments
worldwide. Ifs projected to be a $5-10 billion market by the end of 2020.
indaHash is the biggest global player in this field. connecting more than 300 000 influencers from 70
markets with a majority of the Fortune 500 brands.
With the introduction of indaHash Coins we want to tokenize the influencer marketing world and solve
the wide range of issues and challenges between influencers. brands and fan bases.
With the introduction of indaHash Coins and market standardization. we'll enable influencers to
effectively compete with traditional publishers (TV. radio. newspapers. etc.I and significantly facilitate
conscious management of relationships with their fans and brands.
We will let influencers have their own tokens to build their relationships and bring their fan base
to another level of engagement.
HOW WILLOUR
CRYPTOECOHO�ICS
WORK?
BRANOP...YS INO"H"SH INfLUEtlCfR REctlVES EARLY·
WITH CA.SH OR Til"MSF[RS .+.CCESS PRODUCTS "NO
INO>J1J.$H COINS FOR SERVICES FROM BR,u,10$
indaHash cryptoeconomics assumes indaHash CA.MP... IGNS WITH IOH COINS
-
WITH IOH COllfS EXCH"tlGE
products and receive discounts when shopping. FOR C"MP... IGlfS INO>J1"5M
COIMSOf,I
along with early access to novelties. EXCKI.HGES
OR CONVERT
Influencers can also create their own tokens TOFl"T
and use them to increase their audience
IOH
engagement by rewards and gamification.
-
influencer, closed meetings and social AUOIEtlCES WITH INflUftlC[RS SUCH
GADGETS. MEETINGS
IDH
activities. A$
.o<O SOCIAL ACTIVffiES
fn.dtdlaM
Whitepaper
Disclaimer 4
Meet indaHash 5
Business model 10
Market size 13
Motivation 15
•
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O DISCLAl�ER
This document is a whitepoper setting out the current or information. expressed or implied. arising out
ond future developments of the indaHash Platform of. contained in or derived from or omission from this
ond indaHash Ecosystem by IDH Media 5.A. paper. Neither indaHosh nor its advisors
(indoHoshJ. This paper is for informational purposes has independently verified any of the information,
only and is not o statement of future intent. Unless including the forecasts. prospects and projections
expressly specified otherwise. the products contained in this paper. Each recipient is to rely solely
ond innovations set out in this paper are currently on its own knowledge. investigation. judgment ond
under development ond are not currently assessment of the matters which are the subject
in deployment. indaHash makes no warranties of this report ond ony information which is made
or representations os to the successful development available in connection with any further enquiries
or implementation of such and to satisfy itself as to the accuracy ond
technologies ond innovations. or achievement of completeness of such matters. Whilst every effort
ony other activities noted in the paper. ond disclaims is made to ensure thot statements of facts made
ony warranties implied by low or otherwise. to the in this paper are accurate. all estimates. projections.
extent permitted by low. No person is entitled to rely forecasts. prospects.expressions of opinion and other
on the contents of this paper or ony inferences subjective judgments contained in this paper
drown from it. including in relation to ony are based on assumptions considered
interactions with indoHash or the technologies to be reasonable as of the date of the document
mentioned in this paper. indaHosh disclaims all in which they are contained ond must
liability for ony loss or damage of whatsoever kind not be construed as a representation that
(whether foreseeable or not) which moy arise from the matters referred to therein will occur. Any plans.
any person acting on ony information ond projections or forecasts mentioned in this paper may
opinions relating to indoHosh. the indaHash not be achieved due to multiple risk factors including
Platform or the indaHash Ecosystem contained in this without limitation defects in technology
paperorony information which is mode ovoilable developments. legal or regulatory exposure. market
in connection with ony further enquiries. not with volatility, sector volatility, corporate actions. or
standing any negligence. default or lock of care. the unovoilobility of complete and accurate
The information contained in this publication is information. indaHash may provide hyperlinks
derived from data obtained from sources believed to websites of entities mentioned in this paper.
by indoHash to be reliable ond is given in good however the inclusion of a link does not imply that
faith. but no warranties orguarontees. indaHosh endorses. recommends or approves ony
representotionsore mode by indaHash with regard material on the linked page or accessible from
to the accuracy. completeness or suitability of it. Such linked websites are accessed entirely at your
the information presented. It should not be relied own risk. indaHash does not accept responsibility
upon, and shall not confer rights or remedies whatsoever for ony such material. nor for
upon. you or ony of your employees. creditors. holders consequences of its use. This paper is not directed
of securities or other equity holders or any other to. or intended for distribution toor use by. any person
person. Any opinions expressed reflect the or entity who is a citizen or resident of or located
currentjudgmentofthe authors of this paper and do in any state. country or other jurisdiction where such
not necessarily represent the opinion of indaHash. distribution, publication, availability or use would
The opinions reflected herein may change without be contrary to low or regulation. This paper is only
noticeond the opinions do not necessarily correspond available on www.indaHash.com and may
to the opinions of indaHash. indaHash does not have not be redistributed. reproduced or passed on to ony
on obligation to amend. modify or update this paper other person or published. in part or in whole, for any
or to otherwise notify a reader or recipient thereof purpose. without the prior. written consent
in the event that ony matter stated herein. or ony of indaHash. The manner of distributing this paper
opinion, projection. forecast or estimate set forth may be restricted by low or regulation in certain
herein. changes or subsequently becomes inaccurate. countries. Persons into whose possession this paper
indaHash. its directors. employees. contractors and may come are required to inform themselves about
representatives do not have ony responsibility and to observe such restrictions. By accessing this
or liability to any person or recipient (whether paper. a recipient hereof agrees to be bound
by reason of negligence. negligent misstatement by the foregoing limitations.
or otherwise) arising from any statement. opinion
,'
"
inlWfadt. 5
0 �EET IMDAHASH
Our success story so far
Having worked with most of the brands from the Fortune 500 list. indaHash currently
employs over 130 people in 7 countries (Germany, UK Poland. Singapore. US. UAE,
South Africa). In less than 2 years since being established, indaHash gained over 300
000 influencers worldwide and conducted over 1 000 campaigns in more than 70 markets.
https://www.youtube.com/watch?v=DB2zZ0MAdbY
https://www.youtube.com/watch?v=DB2zZ0MAdbY
https://wwWwa.ytocuhtubteh.ceomv/idweatoc
hI ?v=DB2zZ0MAdbY
https://www.youtube.com/watch?v=DB2zZ0MAdbY
inlWfadt. https://www.youtube.com/watch?v=DB2zZ0MAdbY 5
fn.dtdmh, 6
IMDAHASH GROWTH
The charts present the growth of indaHash - the income and the number of
influencers registered in the opp since its launch until the end of Q3 2017
+2 9 5 !<, ,
G RO /
+3 5 2 !«, ,
GR O /
Q3 2016 Q3 2017
2016 2017
inlWftwt. 1
Business model
HOW DOES
INDAHASH WORK
-
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-
INFLUENCERS RECEIVE INFLUENCERS SUB�IT PHOTO/VIDEO GOES TO AFTER APPROVAL,
ilNOTIFICATIOH A.HD A PROPOSAL FOR THE OUR DASHBOARD A.HD POSTS ARE
APPLY TO JOIN THE CONTENT IS CHECKED BY OUR PUBLISHED
A.HD REACH �ILLIOHS
CA�PAIGH VIA OUR APP
A.HD �ODERATOR A.HD OF FOLLOWERS
DESCRIPTION THE CLIENT
https://www.youtube.com/watch?v=IGkCWJBi_Zc
https://www.youtube.com/watch?v=IGkCWJBi_Zc
https://wWwawt.yeohututhbee.covmid/ewa
atlch?v=IGkCW.J.Bi_Zc
https://www.youtube.com/watch?v=IGkCWJBi_Zc
https://www.youtube.com/watch?v=IGkCWJBi_Zc
More thon 83 percent of global respondents in o Nielsen survey soy thot they trust
recommendations from people they know. while only 42 percent trust online banner ods.
Online _.,j201
Banner Ads 4 ,
Ads 6201
on TV 1
I I I I 80% 100%
0% 20% 40% 60%
In-house
25%
Saas platform
t.Aanaged or "turn-key"
service provider 64%
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Market size
Influencer marketing observed on omozing growth in 2016. with 86% of marketers having used the
tactic. 94% of whom found it effective (Linqio study).
While it remains o highly popular marketing tool. most marketers soy that determining the
ROI of influencer marketing will be their top challenge in 2018. In large port, this coll for
accountability is because budgets are increasing. In 2016, most marketers spent between $25 000 -
$50 000 per influencer marketing compoign, which survey respondents report will double to $50
000- $100 000 per compoign in 2017. Overall budgets ore set to increase os well. with 48% of
marketers planning to increase their influencer marketing budgets in 2017 ond only 4%
planning to decrease their investment in the channel. (Linqia study)
Under $10k
$10k • $25k
-
$25k-$50k 33%
$50k- $100k
$100k - $500k
Over $S00k
m
Source: linqia study 2017
According to a recent study by US-based agency Mediakix, lnstagram influencer marketing could
reach US$2 billion by 2019. Influencer marketing in total is projected ta be a USSS-10 billion market
by 2020.
The decline of troditionol TV ond the growth of socio I media hove given rise to influencer marketing.
now one of the fastest growing categories in advertising.
From micro influencers making $20 per post to lnstagram superstars like Ariana Grande that
command half a million dollars per post, the lnstagram influencer market runs the gamut in terms
of following. audience. ond engagement; but it hos even the biggest brands buying in. Target. H&M.
Unilever. Samsung, Mostercord, Volkswagen. L'Oreol. Microsoft ond many more
brands ore finding ways to partner with lnstogrom influencers to reach audiences.
inlWftwt.
Average compensation for a sponsored post was determined as $320 using aggregated data (for
comprehensive methodology, check Medlcklx's study). Monthly spend is translated to $90
million in 2017 meaning that the annual spend on lnstagram influencer marketing this year
alone will exceed $1 billion. The average compensation was applied to the number of sponsored
posts. placing the current market at $130 million spent per month by 2018 and at least $200
million spent per month by 2019. By the end of 2019. influencer marketing on lnstagram should be
able to reach $2.38
billion, and with 10.6 million sponsored posts in the year.
0 �OTIVATION
HOW �UCH Tl�E DO PEOPLE SPEND DAILY OH SOCIAL �EDIA?
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YOUTUBE FACEBOOK SMAPCHAT IMSTAGRA�
40 minutes 35 minutes 25 minutes 15 minutes
IHA LIFETl�E
Tl�E SPENT OH SOCIAL
TWITTER W'
YOUTUBE a
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D SMAPCHAT
Source: Mediakix 2016
budget
INFLUENCER MARKETING
BUDGET OVER NEXT
12MONTHS
Unsure
Maintain
budget Decrease
budget
Source: MorketingP1ofs 2017
epap 1
People trust people. This hos and will always be the case. A maturing social media
landscape hos only magnified opportunities for our business that allows us to connect people in
o scalable way to make on even bigger impact.
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There is no exaggeration in saying that word-of-mouth is the most powerful form of marketing.
According too Nielsen study, 84% of consumers soy that recommendations from friends and family
ore the most influential and trustworthy source.
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Because of the regional limitations. indoHosh is not able to cooperate with thousands of influencers around
the world. We wont to reduce these limitations by providing boundless token transfers for all influencers
globally. This will ultimately allow influencers in more countries around the world to cooperate with indoHosh.
As yet. indoHosh has had to collect o lot of personal information from influencers such as address. bank
account numbers. etc. to settle payments. It hos often been seen as an inconvenience for the influencers who
care about their privacy. We believe that transfers in indaHash Coin cryptocurrency will abolish this
inconvenience and open indaHash for new users. After receiving indaHosh Coins. influencers con use it for
further activity or exchange it on cryptocurrency exchanges. The group of potential merchants will also
include indoHosh itself that will obtain indoHosh Coins to cooperate with influencers for future campaigns.
----
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---
PAY-WITH-FAME
Ev-I Rogeu (diffuoion of innovotiono)
In 2018, we'll develop o Pcy-wrth-Fcme service that will 100
allow influencers to get discounts on products ond services
from large brands os well os small ond medium-sized locol
j
businesses. This functionality will significantly increose the i
.•s
75 0
bronds chances of positive reviews published
by influencers. Poy-with-Fome will hove on ecommerce
*e
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dedicoted widget. The rnechonrsm is bosed on our mtamol • 50
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rote of opinion known cs mdcl-lush Score. The omount
of required indoHosh Coins to transfer drops with the
rise of mdcl-lush Score. The more quolitcnve influencer with 25
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the community involved - the less indoHosh Coins hos
0
to be sent in exchonge with the brond, ond,
consequently, the larger discount the influencer gets (up to 0
90%). Forexomple o gamer con get o significant discount
on the gome ond " '" ''" ••
not hove to contoct the compony directly, but only through
the ecommerce widget in on outomoted woy. Many bronds can olso share interesting knowledge with
influencers and can hold workshops ond events where
participotion con also be granted by indaHash Coins.
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� The most important thing for every influencer is the audience. Thafs because a big
11o.. audience is a consequence of their activity on social media. The power of every influencer
is not only their reach. but also the ability to exert a real influence on the
opinions, behaviour and the buying intent of the followers. Hence, the key thing in the
development of the influencer is not only to lose their audience. but to improve it and to
take advantage of it by creating dedicated content. along with the goal of creating
a closer, direct relationship with their followers. Taking into consideration the fact that
today the influencers have tens of thousands of followers. managing these
relationships is significantly hindered and requires dedicated solutions. There has been
no commonly used tool available on the market that would simplify the creation of
loyalty with the audience and enable its regular, not ad hoc rewarding.
Until now. the influencers have had strictly limited possibilities of rewarding their
active fans in an individual way. indaHash is planning to introduce a system which would
value the activity of fans and adjust the amount of tokens given for certain activities.
Fans who receive the tokens will have the possibility to exchange them for
personalised ways of interaction. meetings. access to premium content and
dedicated gadgets with autographs prepared by the influencers.
To issue their own tokens, the influencers need to have a certain amount of
indaHash Coins. They can gain indaHash Coins through their activity in the
application or a purchase. A certain group of the most valuable indaHash influencers will
receive the required amount of indaHash Coins which they can only spend on creating
their own cryptocurrency, that is the tokens for audience development.
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su��ARY:
key benefits of tokenization
of the influencers ecosystem
TECHNICAL CONSIDERATIONS:
Scalable Smart Contracts for Influencers
However, as we aim for mass adoption of influencer tokens, which will result in the
interaction of thousands of influencers with millions of fans. The Ethereum network
as it exists now will not be able to support such volumes. We plan to solve this scalability
problem with one of Scalable Contract frameworks which are now under
active
development. such as Raiden, Plasma. EOS or Exonum.
??� I
Money x
business model tests;
Apr-Oct 2018: production-ready Ethereum contracts. supporting
hundreds of influencers and hundreds of thousands of fans.
Jun-Oct 2018: tests and comparison of existing scalable contract
networks with application to influencer contracts.
Selection of the most reliable and secure protocol.
Oct-Dec 2018: transition to the new framework.
Jan 2019: full-scale launch of influencer contracts.
w, lh
Although the existing proposals. except for Raiden. lack technical
details. we can already identify the most suitable projects
based on their foundation protocols. technical background
-
E� gs h,�tory
of the team. and details of our use case.
This idea can be extended into multiple channels clustered into single networks. The
application to influencer tokens is clear: the influencer token is minted in Ethereum but
influencer-fan token transfers occur off-chain. As long as the token transfers and
applications are local to certain subset of Ethereum users (here. the influencer's fan base),
the transactions can be represented as transfers within a subnetwork of Raiden dedicated
to the influencer.
Raiden now undergoes testing in the Ethereum testnet, so we are confident it will mature
well before our expected transition to scalable contracts.
fnlWltwi, 2
Plasma can be viewed both as a next generation ledger and an extension of Raiden.
It builds a tree of blockchains where each node periodically anchors its state to the parent
blockchain. As in Raiden. the anchoring is needed only if participants of the child
blockchain want to change their state in the parent network. The Plasma authors argue
that by proper architecture of the blockchain tree the vast majority of closings in the child
networks will be handled on the way to the root. thus keeping the transaction volume
in the root network (in this case Ethereum) relatively small. Much higher transaction rates
will be possible in the child blockchains. as these will only have a small number of peers
and thus allow for bigger blocks with faster propagation. Alternatively, child networks may
run a completely different consensus protocols, for example BFT ones which promise
to support up to tens of thousands of transactions per second in protocols like Sovrin's
Plenum.
If implemented in Plasma. influencer tokens will become even more versatile than
in Raiden. Influencers and fans will be able to create their own contracts. organize votes,
competitions and automatic token exchanges with partners.
We will also evaluate smart contract platforms not related to Ethereum. With emerging
inter-chain protocols. we could potentially have indaHash Coins on the Ethereum network
interacting with influencer tokens existing on another high-capacity blockchain.
Technical whitepaper
indaHash will publish the technical whitepaper describing technical architecture
of solutions and technologies related to indaHash Coins and influencers' tokens .
·-
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in.dtdlaM Whitepaper 26
ind.allcta/r, 2
Pre-I
CO
Our pre-lCO will begin on the 8th of November 2017 and will run for 7 days until the 15th
of November 2017. 16.8 % of all indaHash Coins will be available during the pre-lCO. Only registered
users will be able to participate in pre-lCO.
Reword
program
Bonus rates
Hos worked m the web mdustry smce 2006 Chief Software Arehitect arid Leod
and in 2012. founded Nextelick. the largest Developer at mdaHosh. Also - o
system m CEE for content professional designer and engineer of Pro
recommendations targeted towards Audio equipment for musicians and
ma;or med,o publishers.. He bes mierocontroller programming speeialist.
eoaperated with companies sueh as Expert 1n bockend technologies with
Gruner•Johr. Burdo lntemot1onol. Bouer extensive experience in destgning high
Media. Morql/Ord Media and Ring1er Axel ovo1lob1hty ond scolob1l,ty systems At
Springer In 201'1
iridoHash responsible for leading the
he joined onos a shareholder of Life Tube
oppl1cot1on development process and
ond together w,th Borboro Soltysmsko
keeping the tech m eheck.
developed LifeTube.pl - the biggest You
Tube MCN m CEE. After selling Life Tube.pl
together with Barbaro they launched
mdoHosh He now ploys the role of CPO
at indoHash arid is responsible for product
development.
·
Federico Dedeu Ashwin Chondoesing
--..Business Development Leader Business Development Director
Singapore
B�s development dorector and d1g1tol /,, D1g,tol native w,th 14• years of Global
,Z: dvertising. Business Development
m�sr�ng expert w,th over 20 years A
ex�nce Hos worked for some ., and Morketmg expe11ence Worked in 7
of,n'top ageneies such as countries on both client - and agency
DDB. side for Fortune 500 companies and
��dermon ond Med,ocom as well several startups. Management
�s monoged premium brands such practice on boo rd level, spec,ol,sed
as Coco-Colo & Standard Bonk Hos been in Mobile. Soc,al. Content Media
a worded both internal arid external ond Advert1s1ng. At 1nd0Hosh
mdustry awards for crecnve cnd med10 responsible for APAC region.
At 1ndaHosh Federico ,s responsible
for heod1ng up the EMEA region of
indaHash.
indallctMr, 3
An ambitious and successful qualified For many years Amin was responsible
lawyer, passionate about her job. e he overall management
Graduated from universities in the UK, of all strategic and operational marketing
France, Belgium and Poland, and customer relationship activities,
has distinguished diplomas in law, driving increased revenue and profit
economy, international management. to achieve the company's ambitious
and marketing. Monika left restructuring growth. At indaHash Amin is responsible
and banking team in a great law firm for the MENA region.
to join indaHash, as she finds close
cooperation between law and business
extremely exciting. She speaks
7 languages.
https://indahash.com/ico
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REGISTER FOR THE ICO https://indahash.com/ico
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