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What is Chronicle?

Chronicle is a studio and marketplace digital platform built entirely for fans featuring officially licensed digital collectibles, also more commonly known as NFT's.

Launched in 2021, users across the globe can buy, sell, trade, bid, and gift authenticated digital collectibles licensed directly from the world's leading brands.

Chronicle Ecosystem

The Chronicle ecosystem contains various roles and components as shown in the graph below.

Roles

● Collectibles

Licensed collectibles are developed by Chronicle Studio which can be sold on the Official

Chronicle Store and purchased by collectible traders. Based on brand categories, these

collectibles can vary in their forms (still images, 3D models, music, videos, etc.), all with

an emphasis on creating an immersive experience for the collectible holder.

● Chronicle Studio

An internal team of 2D and 3D environmental and character artists working at the

Chronicle HQ who design and develop authenticated collectibles licensed directly from

world’s leading brands, which are sold in the Chronicle Store. Each collectible that the

Studio creates, whether extremely rare or common, comes with a Chronicle

hologram/watermark for instant recognition and brand verification.

● Licensing Partners

License holders of brand IP in partnership with Chronicle will earn a percentage of

revenue, typically on the sale of packs and the marketplace transactions. Each individual

license that Chronicle obtains is unique, usually dependent on the brand, its owner,

history, and fanbase size.

ii) Components & Services

● Chronicle Store

The issuance and distribution center for authenticated digital collectibles. All licensed

collectibles are categorized in collections which are sold in limited edition sets per period

of time (e.g. week, fortnight, month).

The forms of the sales are divided into:

● NFT Drops

● NFT Mystery Boxes

● NFT Auctions

All purchases across NFT Drops, NFT Mystery Boxes, and NFT Auctions shall be made

via USD (fiat or stablecoins) that is pre-loaded into the user’s Chronicle account.

NFT Drops

An NFT Drop is the sale of a series of minted collectibles on the Chronicle Store available

until they are sold out. Different quantities of collectibles will be minted and sold under a

collection, with different price points based on their rarities. The quantity of a collectible

is fixed. Collectibles can be scheduled to drop across a period of time, or launched all at

once. Users will be able to purchase freely once a drop is activated.

NFT Mystery Boxes

Unlike an NFT Drop where the purchaser knows exactly what collectible they are

acquiring at purchase, Chronicle also seeks to issue Mystery Boxes based on random

selection.

A collection with varying quantities of different collectibles within a brand and/or

franchise can be issued where the user doesn’t know exactly what collectible they will

receive until the point after it is purchased.

An example of a mystery box could include a set of 10 unique superhero characters in

various quantities across Common, Rare, Epic, Legendary. The user would purchase the

Mystery Box, at which point their collectible would be revealed.

Chronicle will ensure users will know beforehand what collectibles can be obtained from

a Mystery Box purchase, including the quantity of collectibles and their rarity, as well as

how many Mystery Boxes remain available for purchase.

NFT Premium Auctions

Chronicle will issue exclusive digital collectibles and make them available via an auction.

The rarity of collectibles via the Premium Auction method will all be “Immortal” status

(i.e. “one of a kind”).

Chronicle applies the basic auction model where parameters are set around the auction,

including:

● Auction type (e.g. English, Dutch, Vickery, etc.)

● Starting price

● Minimum standing time for the highest bid

● Auction duration

● Participation requirements

● Chronicle Marketplace

Central to its platform, Chronicle’s collectible marketplace allows users to buy, sell, swap,

trade, bid, and gift licensed digital collectibles from leading brands.

i) Listing of a collectible for sale, swap, or trade is free; as is gifting a collectible.

ii) Once a buyer takes an order, 5% of the deal price will be charged from the seller. This

fee covers the operational cost (e.g. blockchain fees) and includes a small royalty shared

between Chronicle and the brand owner.

All purchases shall be made in USD (fiat or stablecoins).

8. Revenue

Given the nature of Chronicle being a fan-focused platform and being licensed directly from

official brands, the revenue of Chronicle can come from primary, secondary and business sales,

including but not limited to the following:

A. Direct Sales from Chronicle Store (First Market Revenue)

After acquiring official licenses from brands, Chronicle will work closely with the creative

team of the brand owners to create officially licensed NFTs. These NFTs will be issued

and sold to the fans in forms of common drops, mystery boxes, etc. Chronicle shares a

royalty with the brand owner from the revenue generated from the sales of each

collectible.

B. Premium Listings & Auctions (First Market Revenue)

There are limited-edition collectibles from the brand which are sold in forms of premium

listing or auction. Similar to direct sales, Chronicle will share a royalty with the brand

owner from the revenue generated from the sale of each collectible.

C. Transaction Fees from Chronicle Marketplace (Secondary Market Revenue)

Chronicle takes a 5% commission from all sold collectibles on the secondary marketplace,

with the remaining 95% going to the seller. This fee covers the operational cost (e.g.

blockchain fees) and includes a small royalty shared between Chronicle and the brand

owner.

D. NFT as a Service (NaaS, B2B Revenue)

As Chronicle develops and onboards more brands, its authority in helping brands connect

with fans using digital collectibles in a professional and creative way will be enhanced.

Thus, Chronicle can serve as a creative consulting company offering NFT as a Service

offerings. It is highly likely that these services could expand beyond Chronicle’s own

Store and Marketplace to external NFT partners.

9. Blockchain

The mass adoption of cryptocurrency in 2021 has been unprecedented. As a result of decentralised

finance (DeFi), the Ethereum network has become congested so much that in February 2021 the

average swap gas fee was approximately 50 USD.

Additionally, with the whole world concerning the massive energy consumption and carbon

emissions of blockchain mining, more and more projects have decided to migrate to blockchain

solutions that are more environment friendly.

Therefore, Chronicle requires a carbon-friendly Proof-of-Stake (PoS) network that will provide

the best experience for its users whilst at the same time running on the codebase that Ethereum

has created for its ERC-721 standard.

Our choice of solution for the immediate term is the Aurora Ethereum Virtual Network (EVN)

built by the team at NEAR Protocol.

It is important to state that Chronicle is an application-layer product and is not solely fixated on

one single blockchain technology. For this reason Chronicle is building itself as blockchain

agnostic to support multiple blockchains and provide cross-chain NFT solutions.

Tokenomics

XNL is Chronicle’s native cryptocurrency, an ERC-20 utility token issued on Ethereum. XNL

denotes users’ rights on Chronicle and is designed for the empowerment of the ecosystem and

governance over the community.

Roadmap - Key Stages

1. Q1 2021

a. Release initial whitepaper, set up community and social media.

b. Incorporate the company

c. Set up the executive team

2. Q2 2021

a. Close seed and private round funding

b. Approach brands and secure IPs for product launch

c. Set up the marketing, creative, and engineering teams

d. Complete product design

3. Q3 2021

a. Complete product beta development and testing, including:

i. Chronicle Store (NFT drops and auctions)

ii. Chronicle Marketplace (secondary sales)

b. Complete token generation event on an IDO platform

c. List XNL on centralized exchanges

d. Initiate XNL staking rewards

e. Launch product beta on Web/Desktop

f. Complete NFT sales of the launch IPs

g. Launch product beta on iOS and Android

4. Q4 2021

a. Chronicle Platform v1.0

b. Chronicle Medals

c. Chronicle Mystery Box

5. Q1 2022

a. Chronicle Platform v2.0