| [Table 2] Template for white papers for crypto-assets other than asset-referenced tokens or e-money tokens | |||||
| Template for white papers for crypto-assets other than asset-referenced tokens or e-money tokens [abstract] | |||||
| General information | |||||
| 00 Table of content | boolean true | ||||
| 01 Date of notification | date | ||||
| 02 Statement in accordance with Article 6(3) of Regulation (EU) 2023/1114 | boolean true | ||||
| 03 Compliance statement in accordance with Article 6(6) of Regulation (EU) 2023/1114 | boolean true | ||||
| 04 Statement in accordance with Article 6(5), points (a), (b), (c), of Regulation (EU) 2023/1114 | boolean true | ||||
| 05 Statement in accordance with Article 6(5), point (d), of Regulation (EU) 2023/1114 | boolean true | ||||
| 06 Statement in accordance with Article 6(5), points (e) and (f), of Regulation (EU) 2023/1114 | boolean true | ||||
| SUMMARY | |||||
| 07 Warning in accordance with Article 6(7), second subparagraph, of Regulation (EU) 2023/1114 | boolean true | This summary should be read as an introduction to the crypto-asset white paper. The prospective holder should base any decision to purchase this crypto –asset on the content of the crypto-asset white paper as a whole and not on the summary alone. The offer to the public of this crypto-asset does not constitute an offer or solicitation to purchase financial instruments and any such offer or solicitation can be made only by means of a prospectus or other offer documents pursuant to the applicable national law. This crypto-asset white paper does not constitute a prospectus as referred to in Regulation (EU) 2017/1129 of the European Parliament and of the Council or any other offer document pursuant to Union or national law. |
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| 08 Characteristics of the crypto-asset | textBlock | The token has a fixed supply of 10,000,000,000 $BILL, with no plans to create new tokens through inflationary mechanisms. The economic model relies on a predefined token distribution and release schedule, which ensures long-term stability while avoiding dilution for token holders.. Within the BILLIONS ecosystem, the $BILL token functions as a utility token that allows holders to access: • Discounts on credential verification fees. • Access to additional features (e.g., reputation tiers, access to exclusive pools, participation in incentive programs). • Eligibility to use $BILL as operational collateral for AI Agents or as a requirement for certain ecosystem operations.. These features are exclusively linked to the services of the BILLIONS platform, ensuring that the value and use of the token remain integrated into its infrastructure. Under Regulation (EU) 2023/1114 (MiCA), the $BILL token is classified under the category "other crypto-assets," specifically in the utility token subcategory. It is not an asset-referenced token or an electronic money token, as it is not linked to specific assets or backed by currency to maintain a stable value. |
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| 09 Further information about utility tokens | textBlock | As previously mentioned, the $BILL token provides access to the following services within the Billions ecosystem: Access to verified credentials: $BILL tokens can be used to pay issuance and verification fees for DIDs and verifiable credentials. Staking and reputation: Holders may stake $BILL to reinforce digital reputation and unlock additional benefits, including higher verification volumes, access to new credential types, priority onboarding, and enhanced participation rights. In addition, holders who stake $BILL may receive a return, which is not guaranteed and may be modified, reduced, or discontinued at any time. Commission discounts: Reduction in fees for certain services: • Verification Fees: Users and attesters staking BILL tokens receive discounts on credential verification fees (DID/VC issuance and validation). • Agent Onboarding: AI agents integrated into the Deep Trust framework benefit from reduced fees when registering and maintaining verifiable credentials. • Cross-network Services: Vendors and ecosystem partners who settle payments in BILL obtain fee rebates for interoperability services (bridging, multi-chain verification, API usage, higher rate limits, and priority queueing). • Governance/Participation: Long-term stakers receive additional reductions when accessing premium governance modules or ecosystem programs. Access to exclusive services: Staked or qualifying token holders may participate in loyalty programs, promotional campaigns, credential pre-releases, and future ecosystem initiatives. |
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| 10 Key information about the offer to the public or admission to trading | textBlock | The purpose of the admission to trading of $BILL is to distribute part of the total supply among the user community, allowing both retail and institutional investors to access the BILLIONS network on equal terms. The distribution complies with the provisions of Regulation (EU) 2023/1114 (MiCA), ensuring transparency and buyer protection. At the Token Generation Event (TGE), approximately 24.28% of the total supply enters circulation. Subsequent releases follow a phased vesting schedule extending through Year 4, designed to maintain stable liquidity conditions and prevent excessive dilution for early users and investors. The main technical and economic parameters of the $BILL token are summarized in the following table: -Total token supply: 10,000,000,000 $BILL -Allocation model: Phased distribution, including: Community 40% Creators Program: 2.00% Foundation Reserves 32%, Team/Contributors 20% Investors 6% Target holders: Retailers and institutions interested in digital identity and verification services on blockchain. |
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| Part A - Information about offeror or person seeking admission to trading | |||||
| A.1 Name | text | ||||
| A.2 Legal form | text | ||||
| A.3 Registered address | |||||
| Registered addess | text | ||||
| Country | enumeration | ||||
| Sub-division | text | ||||
| A.4 Head office | |||||
| Head office | text | ||||
| Country | enumeration | ||||
| Sub-division | text | ||||
| A.5 Registration date | date | ||||
| A.6 Legal entity identifier | LEI | ||||
| A.7 Another identifier required pursuant to applicable national law | text | ||||
| A.8 Contact telephone number | text | ||||
| A.9 E-mail address | text | ||||
| A.10 Response time (days) | integer | ||||
| A.11 Parent company | text | ||||
| A.12 Members of the management body | |||||
| Member #1 | id | 1 | |||
| Identity | text | ||||
| Business address | text | ||||
| Function | text | ||||
| A.13 Business activity | textBlock | BILLIONS aims to become the leading infrastructure for verifiable identity and digital trust in decentralized ecosystems, guaranteeing the security and reputation of both human agents and artificial intelligence agents. The strategy focuses on offering a long-term trust framework, with economic incentives aligned with value creation for the various participants. Company objective/business model: BILLIONS' business model is based on the development of a second-layer (Layer 2) blockchain network that enables the issuance, validation, and reuse of digital credentials. The network incorporates a tokenized incentive system ($BILL) that supports sustainable participation through verification fees, and staking-based incentives. Expected income will mainly come from verification fees paid in $BILL, with additional revenues from enterprise integrations and B2B credential services. Strategic partners include Web3 infrastructure providers, compliance/legal advisors, and market makers to support adoption and liquidity. Secondary lines of business may include premium identity services, white-label credential frameworks for enterprises, and monetization of agent reputation data. Products/services: BILLIONS' main focus is on providing scalable and secure solutions for digital credential management, preventing fraud, reducing regulatory compliance costs, and improving interoperability between applications and organizations. Specifically, it offers the following services/products: • Blockchain infrastructure for identity and credential verification. • Staking-based reputation and trust mechanisms. • Privacy tools based on zero-knowledge proofs (ZKP). • Incentive programs for ecosystem participants. • Enterprise APIs and SDKs for seamless integration of verifiable credentials into existing platforms. • Cross-chain interoperability services enabling credential portability across ecosystems. • Premium governance and participation modules for stakeholders with long-term staking commitments. Target markets: Target markets include: • Web3 ecosystems: blockchain projects, DeFi platforms, and DAOs requiring trusted credential verification. • Enterprises and corporates: companies seeking to reduce regulatory compliance costs through reusable KYC/AML and digital trust infrastructure. • AI ecosystems: marketplaces and platforms integrating AI agents that need verifiable identity and reputation systems. • Public sector and regulators: governments and supranational institutions exploring trusted identity frameworks for compliance and interoperability. • End users: individuals who benefit from privacy-preserving, portable digital credentials across multiple services and applications. Priority regions: • European Union: focus on MiCA compliance, GDPR alignment, and collaboration with EU-based enterprises and regulators. • Middle East (UAE, Saudi Arabia, Qatar): high adoption of blockchain identity and favorable regulatory environments for Web3 and AI. • North America: strategic enterprise adoption and partnerships, while respecting jurisdictional restrictions on token sales (e.g., U.S. exclusions). • Asia-Pacific: ecosystems in Singapore, Hong Kong, South Korea, and Japan with strong fintech and AI integration. • Latin America: emerging markets with demand for digital identity, financial inclusion, and cross-border interoperability. The activities are aimed at: • Institutional and retail investors interested in regulated blockchain projects. • Technology and financial companies that require identity verification and KYC/AML compliance solutions. • Organizations that integrate artificial intelligence agents and require trusted infrastructures to interact in decentralized environments. |
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| A.14 Parent company business activity | textBlock | ||||
| A.15 Newly established | boolean | ||||
| A.16 Financial condition for the past three years | textBlock | ||||
| A.17 Financial condition since registration | textBlock | Billions Limited was capitalized by its shareholder at the time of its incorporation through the issuance of 50,000 ordinary shares of USD 1.00 each, fully paid, and the shareholder confirmed that assets of at least USD 50,000 were transferred to the company as consideration for such shares. The capitalization and ongoing support from Fundación Billions provide Billions Limited with funding to cover immediate and future expenses that the company will incur. Fundación Billions supports the development of the Billions Network and its associated token ecosystem both through financial and resourcing support provided to Billions Limited, as well as through broader initiatives intended to support the development and adoption of the Billions Network. In this context, Billions Limited is expected to act as a token issuer and serve as the contractual party to SAFTs between existing and new investors. Since the company's registration, Billions Limited has had limited expenditure requirements. These are primarily associated with foundational setup, corporate governance and compliance arrangements, early-stage operational scoping, and regulatory exploration. The capitalization of Billions Limited and the ongoing support from its shareholder will ensure the company is sufficiently funded to cover these and other ongoing expenses. |
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| Part B - Information about issuer, if different from offeror or person seeking admission to trading | |||||
| B.1 Issuer different from offerror or person seeking admission to trading | boolean | ||||
| B.2 Name | N/A | . | |||
| B.3 Legal form | N/A | . | |||
| B.4 Registered address | |||||
| Registered addess | N/A | . | |||
| Country | N/A | . | |||
| Sub-division | N/A | . | |||
| B.5 Head office | |||||
| Head office | N/A | . | |||
| Country | N/A | . | |||
| Sub-division | N/A | . | |||
| B.6 Registration date | N/A | . | |||
| B.7 Legal entity identifier | N/A | . | |||
| B.8 Another identifier required pursuant to applicable national law | N/A | . | |||
| B.9 Parent company | N/A | . | |||
| B.10 Members of the management body | |||||
| Member #1 | N/A | . | |||
| Identity | N/A | . | |||
| Business address | N/A | . | |||
| Function | N/A | . | |||
| B.11 Business activity | N/A | . | |||
| B.12 Parent company business activity | N/A | . | |||
| Part C - Information about the operator of the trading platform in cases where it draws up the crypto-asset white paper and information about other persons drawing the crypto-asset white paper pursuant to Article 6(1), second subparagraph, of Regulation (EU) 2023/1114 | |||||
| C.1 Name | N/A | . | |||
| C.2 Legal form | N/A | . | |||
| C.3 Registered address | |||||
| Registered address | N/A | . | |||
| Country | N/A | . | |||
| Sub-division | N/A | . | |||
| C.4 Head office | |||||
| Head office | N/A | . | |||
| Country | N/A | . | |||
| Sub-division | N/A | . | |||
| C.5 Registration date | N/A | . | |||
| C.6 Legal entity identifier | N/A | . | |||
| C.7 Another identifier required pursuant to applicable national law | N/A | . | |||
| C.8 Parent company | N/A | . | |||
| C.9 Reason for crypto-asset white paper preparation | N/A | . | |||
| C.10 Members of the management body | |||||
| Member #1 | N/A | . | |||
| Identity | N/A | . | |||
| Business address | N/A | . | |||
| Function | N/A | . | |||
| C.11 Operator business activity | N/A | . | |||
| C.12 Parent company business activity | N/A | . | |||
| C.13 Other persons drawing up the crypto-asset white paper according to Article 6(1), second subparagraph, of Regulation (EU) 2023/1114 | N/A | . | |||
| C.14 Reason for drawing the white paper by persons referred to in Article 6(1), second subparagraph, of Regulation (EU) 2023/1114 | N/A | . | |||
| Part D - Information about other token project | |||||
| D.1 Crypto-asset project name | text | ||||
| D.2 Crypto-asset name | text | ||||
| D.3 Abbreviation | text | ||||
| D.4 Crypto-asset project description | textBlock | The $BILL token functions as a utility token within the network, facilitating access to services such as: • Issuance and validation of verifiable credentials (VCs). • Decentralized identifier (DID) management. • Use of zero-knowledge proofs (ZKPs) to ensure privacy and security. • Participation in staking mechanisms linked to digital reputation, priority access to certain credential types, and preferential access to ecosystem services. Unlike payment or general-purpose tokens, $BILL is not electronic money or a financial instrument, but is specifically designed to strengthen digital trust in decentralized environments, aligning economic incentives with network security and transparency. The architecture of BILLIONS is based on advanced consensus technologies Ethereum Proof of Stake (PoS) + Zero-Knowledge Rollup architecture, which guarantee energy efficiency, scalability, and fault tolerance. In addition, the project incorporates functionalities aimed at its expansion into various sectors, such as age verification and bot protection in gaming and social media and trusted and privacy-preserving interaction with artificial intelligence. Other aspects to consider regarding the project are as follows: • Regulatory compliance: The project is designed to be fully compliant with MiCA, and all token issuance and trading procedures adhere to key European regulatory standards. • Launch method: The launch will follow a phased strategy: first, a public token generation event (TGE) with approximately 24.28% of the total supply circulating at launch, ensuring liquidity and accessibility. This will be complemented by initial CEX listings, market maker support. A progressive expansion of utility will follow, integrating credential verification fees, and ecosystem partnerships. • Inspiration: Billions was born from the need to solve a critical gap in Web3 and AI ecosystems: the lack of verifiable, privacy-preserving identity. Inspired by the growing challenges of fraud, Sybil attacks, and misinformation, the founders envisioned a scalable infrastructure to provide digital trust at internet scale. The rise of AI agents further highlighted the urgency for a system where both humans and machines can prove identity and reputation without compromising privacy. • Singularity: Billions is unique because it bridges verifiable human identity and AI agent identity in a unified framework. Unlike other identity projects, it combines zero-knowledge cryptography, reusable credentials, and an incentive-aligned token ($BILL) to ensure both adoption and sustainability. The Deep Trust framework makes Billions the first infrastructure designed specifically for the age of human–AI collaboration, positioning it as the standard layer for trust in a decentralized and AI-driven internet. |
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| D.5 Details of all natural or legal persons involved in implementation of crypto-asset project | |||||
| Person #1 | id | 1 | |||
| Type of person | enumeration | ||||
| Name of person | text | ||||
| Business address of person | text | ||||
| Domicile of company | enumeration | ||||
| Person #2 | id | 2 | |||
| Type of person | enumeration | ||||
| Name of person | text | ||||
| Business address of person | text | ||||
| Domicile of company | enumeration | ||||
| Person #3 | id | 3 | |||
| Type of person | enumeration | ||||
| Name of person | text | ||||
| Business address of person | text | ||||
| Domicile of company | enumeration | ||||
| Person #4 | id | 4 | |||
| Type of person | enumeration | ||||
| Name of person | text | ||||
| Business address of person | text | ||||
| Domicile of company | enumeration | ||||
| Person #5 | id | 5 | |||
| Type of person | enumeration | ||||
| Name of person | text | ||||
| Business address of person | text | ||||
| Domicile of company | enumeration | ||||
| Person #6 | id | 6 | |||
| Type of person | enumeration | ||||
| Name of person | text | ||||
| Business address of person | text | ||||
| Domicile of company | enumeration | ||||
| D.6 Utility token classification | boolean | ||||
| D.7 Key features of goods or services for utility token projects | text | • Payment for digital identity services: The $BILL token is used to cover the fees associated with the issuance, verification, and validation of digital credentials within the network. • Staking with additional benefits: Users and attesters who stake $BILL may access higher verification volumes, improved reputation coefficients, priority in credential workflows, and other participation benefits tied to long-term network involvement. • Fee discounts: Stakers and active participants may receive reduced fees for credential issuance, verification processes, and agent onboarding activities. • Access to community programs: $BILL holders may participate in loyalty programs, reputation-based incentives, and other community initiatives. • Digital reputation support: Staking $BILL strengthens reputation signals used by verifiers, attesters, and AI agents. enabling higher trust scores across the ecosystem. • Use of $BILL as operational collateral for AI Agents: AI agents represent a new stakeholder category within the Billions ecosystem. To operate with extended permissions, these agents are required to stake $BILL as operational collateral, signaling reliable behaviour and enabling access to higher-tier data and services. This collateral is not financial in nature, it functions as a technical requirement. • Access to premium governance or participation modules (future phases): Long-term stakers may obtain preferential access to advanced governance features and ecosystem participation programs as the protocol evolves. The return associated with staking is discretionary and not guaranteed, and may be modified, reduced, or discontinued at any time. Further detail on the staking mechanism is provided in section H.5. |
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| D.8 Plans for the token | |||||
| Description of past milestones | textBlock | - Development of the Deep Trust framework: verifiable identity model for humans and AI agents. - Definition of tokenomics: Based on a fixed-support utility token, with staking mechanisms focused on reputation and network participation, and no inflationary emissions - Legal and operational preparations: foundation structure and entities to issue the token. - Initial audits of smart contracts and protocol architecture. Phase 2 (2025): Token launch and network activation - Token Generation Event (TGE) and initial distribution (float, investors, foundation, community). - Initial listings on CEX/DEX and agreements with market makers. - First incentives: airdrops, staking programs, rewards for using credentials. - Integration with dApps and exchanges for KYC verifications and humanity tests. |
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| Description of future milestones | textBlock | - Growth of the ecosystem with strategic partners (DeFi, gaming, AI, and fintech sectors). - Reusable credentials with revenue models derived from recurring verifications. - Extended staking for users, attesters, vendors, and AI agents, linking staking levels to reputation and access to higher-tier services. - Development of ecosystem services such as loyalty programs, cross-application incentives, premium modules, and enterprise integrations. - Growth of integrations with applications requiring identity proofs, trust scores, or verification APIs. Phase 4 (2026 onwards): Decentralization and governance - Deployment of progressive governance mechanisms using the $BILL token, enabling token holders to gradually participate in decisions surrounding parameters, fees, curation, and ecosystem development. - Decentralization of treasury towards a community DAO. - Cross-chain compatibility for verifiable identity across multiple networks. - Development of premium privacy and AI safety services based on ZKPs. - Regular publication of reserve proofs and transparency regarding the treasury and ecosystem funds. |
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| D.9 Resource allocation | text | • Team experience: dedication of working hours and specialized know-how by a team with a track record in developing blockchain solutions, decentralized digital identity, artificial intelligence integrations and verifiable trust systems. • Ongoing research and development: R&D efforts focused on the development of the Deep Trust Framework, the Layer-2 infrastructure. and the integration of verifiable credentials (VCs), decentralized identifiers (DIDs), zero-knowledge proofs (ZKPs), and mechanisms enabling trusted integrations between human users and AI agents. This includes defining a robust tokenomics and governance framework aligned with long-term network sustainability. Financial investments: • Technical development: funds allocated to the implementation of Layer-2 infrastructure, the decentralized identity system, and the support tools necessary for the scalability of the ecosystem. • Regulatory and legal framework: investment in legal preparation, regulatory compliance (including MiCA), and the development of essential documentation such as the White Paper and the tokenomic design of the $BILL token. • Initial capital from founders and investors: contributions intended to finance the network architecture and lay the groundwork for strategic alliances with technology and industry partners. |
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| D.10 Planned use of collected funds or other tokens | text | ||||
| Part E - Information about offer to public of other tokens or their admission to trading | |||||
| E.1 Public offering or admission to trading | enumeration | ||||
| E.2 Reasons for public offer or admission to trading | textBlock | The admission to trading is intended to enhance the accessibility, liquidity, and usability of the $BILL token within the ecosystem and to facilitate broader participation by users and developers. In particular, the development of the ecosystem and the use of the $BILL token are intended to support the following objectives: • Fund the technical development of the Layer-2 network and the decentralized identity system. • Consolidate the Deep Trust framework, based on verifiable credentials (VCs), decentralized identifiers (DIDs), zero-knowledge proofs (ZKPs), and mechanisms enabling trusted interaction between humans and AI agents. • Cover legal and regulatory costs, including the preparation of the White Paper and the design of tokenomics, in accordance with MiCA. • Supporting community participation and adoption, promoting the integration of the $BILL token, in accordance with MiCA. • Laying the groundwork for the future admission to trading of $BILL tokens, with the aim of strengthening their liquidity, expanding market accessibility, and promoting the integration of the ecosystem into the European Economic Area (EEA). |
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| E.3 Fundraising target | |||||
| Target expressed in currency | monetary | EUR | |||
| Target expressed in units | decimal | ||||
| Target expressed in digital token identifier | text | ||||
| E.4 Minimum subscription goals | |||||
| Goals expressed in currency | monetary | EUR | |||
| Goals expressed in units | decimal | ||||
| Goals expressed in digital token identifier | text | ||||
| E.5 Maximum subscription goals | |||||
| Goasl expressed in currency | monetary | EUR | |||
| Goals expressed in units | decimal | ||||
| Goals expressed in digital token identifier | text | ||||
| E.6 Oversubscription acceptance | boolean | ||||
| E.7 Oversubscription allocation | text | ||||
| Issue price details | |||||
| E.8 Issue price | decimal | ||||
| E.9 Official currency determining issue price | enumeration | ||||
| E.9 Any other tokens determining issue price | text | ||||
| E.10 Subscription fee | |||||
| Fee expressed in currency | monetary | EUR | |||
| Fee expressed in units | decimal | ||||
| Fee expressed in digital token identifier | text | ||||
| E.11 Offer price determination method | text | ||||
| E.12 Total number of offered or traded other tokens | integer | ||||
| E.13 Targeted holders | enumeration | ||||
| E.14 Holder restrictions | text | KYC/AML Compliance: KYC and AML verification will be conducted by the regulated Trading Platform or third-party platforms through which $BILL tokens are admitted to trading. Failure to comply with such requirements may result in restrictions on access to or use of the tokens, in accordance with applicable regulations. |
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| E.15 Reimbursement notice | boolean true | ||||
| E.16 Refund mechanism | textBlock | ||||
| E.17 Refund timeline | text | ||||
| E.18 Offer phases | textBlock | ||||
| E.19 Early purchase discount | textBlock | ||||
| E.20 Time-limited offer | boolean | ||||
| E.21 Subscription period beginning | date | ||||
| E.22 Subscription period end | date | ||||
| E.23 Safeguarding arrangements for offered funds or other tokens | textBlock | ||||
| E.24 Payment methods for other token purchase | textBlock | ||||
| E.25 Value transfer methods for reimbursement | textBlock | ||||
| E.26 Right of withdrawal | textBlock | ||||
| E.27 Transfer of purchased other tokens | textBlock | ||||
| E.28 Transfer time schedule | text | ||||
| E.29 Purchaser's technical requirements | textBlock | ||||
| Other token services provider characteristics | |||||
| E.30 Other token service provider (CASP) name | text | ||||
| E.31 CASP identifier | LEI | ||||
| E.32 Placement form | enumeration | ||||
| Trading platforms characteristics | |||||
| E.33 Trading platforms name | text | ||||
| E.34 Trading platforms market identifier code (MIC) | text | ||||
| E.35 Trading platforms access | text | Billions Network does not control, manage, or guarantee the ability of any individual or entity to open an account, complete onboarding, or execute transactions on such platforms. Each trading platform has its own eligibility criteria, Know-Your-Customer (KYC) and Anti-Money Laundering (AML) procedures, and jurisdictional restrictions. Purchasers and prospective traders are advised to consult directly with their platform of choice (e.g., Kraken, Coinbase, or other licensed exchanges) to understand the applicable access requirements, fees, and supported payment methods before attempting to trade $BILL. Billions Network assumes no responsibility for a purchaser's ability to gain or maintain access to any third-party trading platform. |
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| E.36 Involved costs | textBlock | Any potential costs may arise exclusively from third-party trading platforms (e.g. fees applied by crypto-asset service providers) or from blockchain network fees (gas fees), which are outside the control of the issuer. |
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| E.37 Offer expenses | textBlock | ||||
| E.38 Conflicts of interest | textBlock | Advisors. Some advisors may receive compensation in the form of tokens, which could also give rise to a risk of conflicts of interest. Mitigation measures. To reduce these risks, pre-established vesting schedules with gradual release over time will be applied to internal allocations, ensuring alignment of interests and reducing the risk of immediate token sales following the TGE. |
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| E.39 Applicable law | textBlock | ||||
| E.40 Competent court | textBlock | ||||
| Part F - Information about other tokens | |||||
| F.1 Crypto-asset type | text | The $BILL crypto asset is a utility token designed to operate within the Billions Network ecosystem, a Layer-2 network focused on verifiable identity and digital trust for human users and artificial intelligence agents. Its main function is to serve as a unit of access and participation in the network, enabling: • verifiable credential issuance and validation, • reputation-based staking mechanisms, • incentives for credential validation and network participation, • access to premium features within the ecosystem. |
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| F.2 Other token functionality | textBlock | • Access to identity and reputation services: $BILL enables users and AI agents to interact on the network through verifiable credentials (VCs), decentralized identifiers (DIDs), and reputation-enhancing mechanisms supported by staking. • Access to advanced ecosystem features: $BILL can be used to unlock premium services such as enhanced privacy options based on zero-knowledge proofs (ZKPs), advanced trust pools, and interoperability functionalities. |
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| F.3 Planned application of functionalities | textBlock | Initial activation after distribution: From the moment of distribution, the tokens will be available for use within the BILLIONS network, allowing immediate access to services linked to decentralized identity (DID), the issuance and validation of verifiable credentials (VCs), and the use of zero-knowledge proofs (ZKPs). Planned developments in the short and medium term: The development of the $BILL token will follow a progressive utility expansion model. Initially, the token will be used for payment of verification fees and basic staking functions. Over time, additional functionalities will become available, including: • Fee discounts for users, attesters, vendors and AI agents. • Incentive programs for attesters and ecosystem contributors. • Reputation-based access tiers for services and API usage. • Staking requirements for entities issuing verifiabñe credentials (attesters), aligned with the protocol's reputation framework. Governance functionalities will be introduced in later phases, granting token holders voting rights on protocol parameters, allocation of public-goods funding, and other ecosystem decisions. In the months following its launch, functionality is expected to be expanded through: • Integration of strategic partners to reinforce the adoption of decentralized identities. • Premium and enterprise-level services linked to verifiable reputation. • Advanced tokenomics tools that encourage user participation and engagement in the network. • Cross-application portability of identity and reputation for both human and AI agents. Long-term vision: BILLIONS NETWORK's vision is for $BILL to become a key element in a scalable, interoperable, and resilient digital trust framework, with applications in both business and institutional environments, always ensuring regulatory compliance (especially in accordance with MiCA regulations) and maximum user protection. Billions aims to become the global trust layer for humans and AI, enabling identity and reputation to be seamlessly portable across applications, blockchains, and real-world sectors. In the long run, Billions envisions an open network of trust registries where humans and AI agents interact securely, with tokenized incentives ensuring sustainability. The goal is for Billions to be the default infrastructure for verifiable credentials and digital trust in the age of AI. |
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| A description of the characteristics of the other token, including the data necessary for classification of the crypto-asset white paper in the register referred to in Article 109 of Regulation (EU) 2023/1114, as specified in accordance with paragraph 8 of that Article | |||||
| F.4 Type of crypto-asset white paper | enumeration | ||||
| F.5 Type of submission | enumeration | ||||
| F.6 Other token characteristics | textBlock | • Name: Billions Network Token ($BILL) • Type: Utility token, not classified as an asset-referenced token (ART) or electronic money token (EMT). • Blockchain: Own network, Billions Network (Layer-2). • Total supply: 10,000,000,000 • Token standard: ERC20-Mainnet 2. Classification according to MiCA (Regulation (EU) 2023/1114): The $BILL token is classified as a cryptoasset other than an asset-referenced token or an electronic money token. Its primary function is to enable secure interactions and digital trust services within the Billions Network ecosystem. 3. Main functionality: The $BILL token is designed to: • Access decentralized identity (DID) services, including the issuance and verification of verifiable credentials(VCs) and zero-knowledge proofs (ZKPs). • Support staking-based reputation mechanisms, where users, attesters, vendors and AI agents stake $BILL to enhance their trust scores, unlock premium credential types, and participate in credential validation and attestation processes. • Provide fee discounts and priority access: staked or active participants benefit from reduced verification fees, higher API rate limits, and early access to newly launched credential categories. • Function as the required fee token for DID registration and network operations, including anti-spam mechanisms where certain actions permanently remove a portion of tokens from circulation. • Enable governance in later stages of network development, allowing token holders to vote on protocol parameters and ecosystem decisions related to digital trust infrastructure. • Support interoperability and scalable interaction between human users and AI agents within the Billions Network trust ecosystem. Functionality activation date: The token's functionality as a utility token will be enabled after its distribution to participants. 4. Purpose and narrative: The goal of $BILL is to serve as the core element of the Billions Network, fostering a reliable, transparent, and resilient ecosystem that drives digital trust in decentralized environments. |
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| F.7 Commercial name or trading name | text | ||||
| F.8 Website of the issuer | text | ||||
| F.9 Starting date of offer to the public or admission to trading | date | ||||
| F.10 Publication date | date | ||||
| F.11 Any other services provided by the issuer | textBlock | ||||
| F.12 Language or languages of white paper | text | ||||
| F.13 Digital token identifier code used to uniquely identify the crypto-asset or each of the several crypto assets to which the white paper relates, where available | text | ||||
| F.14 Functionally fungible group digital token identifier, where available | text | ||||
| F.15 Voluntary data flag | boolean | ||||
| F.16 Personal data flag | boolean | ||||
| F.17 LEI eligibility | boolean | ||||
| F.18 Home member state | enumeration | ||||
| F.19 Host member states #1 | enumerationSet | ||||
| F.19 Host member states #2 | enumerationSet | ||||
| F.19 Host member states #3 | enumerationSet | ||||
| F.19 Host member states #4 | enumerationSet | ||||
| F.19 Host member states #5 | enumerationSet | ||||
| F.19 Host member states #6 | enumerationSet | ||||
| F.19 Host member states #7 | enumerationSet | ||||
| F.19 Host member states #8 | enumerationSet | ||||
| F.19 Host member states #9 | enumerationSet | ||||
| F.19 Host member states #10 | enumerationSet | ||||
| F.19 Host member states #11 | enumerationSet | ||||
| F.19 Host member states #12 | enumerationSet | ||||
| F.19 Host member states #13 | enumerationSet | ||||
| F.19 Host member states #14 | enumerationSet | ||||
| F.19 Host member states #15 | enumerationSet | ||||
| F.19 Host member states #16 | enumerationSet | ||||
| F.19 Host member states #17 | enumerationSet | ||||
| F.19 Host member states #18 | enumerationSet | ||||
| F.19 Host member states #19 | enumerationSet | ||||
| F.19 Host member states #20 | enumerationSet | ||||
| F.19 Host member states #21 | enumerationSet | ||||
| F.19 Host member states #22 | enumerationSet | ||||
| F.19 Host member states #23 | enumerationSet | ||||
| F.19 Host member states #24 | enumerationSet | ||||
| F.19 Host member states #25 | enumerationSet | ||||
| F.19 Host member states #26 | enumerationSet | ||||
| F.19 Host member states #27 | enumerationSet | ||||
| F.19 Host member states #28 | enumerationSet | ||||
| F.19 Host member states #29 | enumerationSet | ||||
| F.19 Host member states #30 | enumerationSet | ||||
| Part G - Information on rights and obligations attached to other tokens | |||||
| G.1 Purchaser rights and obligations | textBlock | • $BILL tokens are strictly configured as utility tokens within the Billions Network ecosystem, intended to provide access to functionalities linked to decentralized identity, verifiable credentials (VCs), decentralized identifiers (DIDs), and zero-knowledge proofs (ZKPs). • The acquisition of tokens does not confer any ownership rights, profit sharing, political rights, voting rights, or any other rights similar to those associated with securities or debt instruments. • Buyers shall have the right to receive clear, transparent, and up-to-date information, in line with the requirements of Regulation (EU) 2023/1114. Obligations of buyers: • Buyers must provide accurate and complete information during the registration process, including the data required to comply with anti-money laundering and counter-terrorist financing (AML/CFT) obligations. |
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| G.2 Exercise of rights and obligations | textBlock | ||||
| G.3 Conditions for modifications of rights and obligations | textBlock | ||||
| G.4 Future public offers | textBlock | ||||
| G.5 Issuer retained other token | integer | ||||
| G.6 Utility token classification | boolean | ||||
| G.7 Key features of goods or services utility tokens | text | In particular, token holders will be able to: • Access the decentralized identity system (DID): by using $BILL, users will be able to interact with the Deep Trust framework, which incorporates technologies such as zero-knowledge proofs (ZKPs), verifiable credentials (VCs), and decentralized identifiers (DIDs), ensuring greater security and privacy in digital transactions. • Participate in ecosystem reputation and staking mechanisms: Staking $BILL enhances users' trust scores and enables participation in reputation based programs, validator/attester incentives , and priority access to advanced identity and verification features. • Obtain discounts and enhanced network utility: Users paying verification fees in $Bill may receive 10-15% discounts, benefiting high volume integrators. Stakers may also receive gas fee subsidies for on-chain identity interactions, improving onboarding and reducing operational friction. • Support sustainable network operations: credential issuance and DID registration require small $BILL fees that function as anti-spam and sustainability mechanisms, with tokens permanently removed from circulation. • Access premium services and advanced features: $BILL can unlock higher API rate limits, enterprise-grade integrations, priority technical support, and access to newly released credential types. Participation in ecosystem mechanisms (including distribution mechanisms such as airdrops or similar initiatives) may be subject to eligibility criteria defined by the project from time to time and does not grant any automatic right to receive tokens. Consequently, the token does not confer any financial rights, profit-sharing rights, or stock-related rights, but is exclusively intended for use within the BILLIONS technological ecosystem. |
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| G.8 Utility tokens redemption | text | The token does not grant any right to redemption in fiat currency or other crypto-assets, and its utility is limited to its use within the ecosystem. Process: The use of tokens occurs through interactions with the BILLIONS NETWORK infrastructure, with transactions recorded in the relevant blockchain network. Where applicable, such interactions may be supported by technologies such as zero-knowledge proofs (ZKPs) to ensure security and integrity. |
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| G.9 Non-trading request | boolean | ||||
| G.10 Other tokens purchase or sale modalities | text | ||||
| G.11 Other tokens transfer restrictions | text | The $BILL admitted to trading on the Billions Layer-2 will be freely transferable once their initial distribution has been completed on the Ethereum Mainnet. Holders may, where applicable, transfer the tokens to other compatible networks using bridge mechanisms, provided that interoperability with the applicable technical standards is ensured ERC-20. Internal assignments subject to vesting schedules: Allocations of $BILL intended for the founding team, advisors, ecosystem incentives, marketing, or strategic reserves are subject to pre-established vesting schedules. These mechanisms are intended to prevent the immediate liquidation of large volumes of tokens and ensure a long-term commitment to the development of the project. Staking lock-up period: $BILL tokens deposited into the staking smart contract are subject to an initial lock-up period from May 4, 2026 (token generation event) to November 4, 2026. During this period, staked tokens and any accrued return cannot be withdrawn, transferred, or unstaked. Once the lock-up period ends, holders may withdraw their tokens and any accrued return, or continue participating in the staking mechanism. Jurisdictional restrictions: The transfer of $BILL may be restricted or prohibited in certain jurisdictions where local regulations impose restrictions on the trading of crypto assets. Holders are responsible for complying with the applicable regulations in their place of residence. Wallet compatibility: $BILL must be kept in wallets that are compatible with the BILLIONS Layer-2 network Ethereum Mainnet, and with the supported standards ERC-20. Transferring to incompatible wallets may result in the permanent loss of tokens. Secondary market restrictions: $BILL may face restrictions on secondary market trading depending on the platform and applicable regulations. The team may impose temporary or permanent transfer restrictions to ensure compliance with regulatory frameworks and protect the integrity of the market. These transfer restrictions are designed to protect both the purchasers and the broader ecosystem, ensuring that the $BILL token remains compliant with legal obligations and functions securely within its intended use. |
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| G.12 Supply adjustment protocols | boolean | ||||
| G.13 Supply adjustment mechanisms | text | The circulating supply evolves exclusively according to the predefined vesting schedules established for community allocations, contributors, foundation reserves, the ecosystem fund, and investors, as described in this White Paper. These mechanisms are non-discretionary and ensure full transparency, supporting long-term ecosystem sustainability without interfering with free market pricing or creating expectations of value appreciation. |
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| Other token schemes details | |||||
| G.14 Token value protection schemes | boolean | ||||
| G.15 Token value protection schemes description | textBlock | Liquidity provision: A specific portion of the total supply will be reserved for liquidity provision on decentralized exchanges. This will allow for adequate market depth and promote price stability through market making mechanisms. |
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| G.16 Compensation schemes | boolean | ||||
| G.17 Compensation schemes description | textBlock | ||||
| G.18 Applicable law | textBlock | ||||
| G.19 Competent court | textBlock | ||||
| Part H – Information on underlying technology | |||||
| H.1 Distributed ledger technology (DTL) | text | Distributed ledger technology (DLT) describes a decentralized, distributed network system architecture in which multiple participants maintain and verify a shared database. Unlike traditional databases, DLT systems do not rely on a central authority to ensure data consistency and security. Instead, they distribute control across a network of computers (nodes) and require that all changes be recorded and accepted by the nodes. This distributed approach improves the resilience and security of the system, as well as the transparency of the data stored in it, without the need for trust between the actors in the systems. Blockchain technology is a subset of DLT technology, in which the distributed database maintains a constantly growing list of records, called blocks, that are linked together in chronological order and protected by cryptographic techniques. A blockchain typically has the following key characteristics: - Distribution: a blockchain operates on a network of nodes, each of which contains a copy of the ledger and participates in the process of verifying and synchronizing transactions. - Security: Blockchain uses advanced cryptographic methods to protect data. Each block contains a cryptographic hash (a "digital fingerprint") of the previous block, a timestamp, and transaction data. This structure ensures that once data is recorded, it cannot be retroactively modified without also changing all subsequent blocks, which would require the consensus of the majority of nodes in the network. - Transparency and immutability. Transactions on a blockchain are typically visible to all participants in the network, providing transparency. Once a transaction is confirmed and added to the blockchain, it is virtually immutable due to the cryptographic methods used, meaning it cannot be modified or deleted. Layer-2 Billions Network The Billions Network operates as a Layer-2 infrastructure built on the Ethereum blockchain, leveraging zero-knowledge rollup (zk-rollup) technology to achieve scalability, privacy, and efficiency while inheriting the security and consensus of Ethereum's Proof-of-Stake (PoS) mainnet. All transactions related to the $BILL token - including issuance and transfers - are executed on the Ethereum mainnet through audited smart contracts. Staking, identity, and credential operations are processed within the Billions Layer-2 (zk-rollup) environment. This network is also referred to in technical documentation as 'Billions Network.' A portion of the Ethereum-issued $BILL supply is bridged to this network, since the staking smart contract and airdrop-claim mechanism are deployed exclusively there. Key features Billions Network's distributed ledger technology is designed to combine the strengths of Ethereum's security with the scalability and privacy of zk-rollups. Key features include: • Ethereum security inheritance: All transactions and state commitments are finalized on Ethereum, ensuring tamper-proof integrity. • ZK-based privacy: User verifications and proofs of identity are performed without exposing personal data on-chain. • Cross-chain interoperability: Identity credentials and reputation can be ported across other EVM-compatible networks. • Modular architecture: Dedicated layers for verification, staking, credential issuance, and governance, ensuring composability and scalability. Transaction costs Transactions within the Billions Layer-2 are aggregated and compressed into zk-proofs before submission to Ethereum, resulting in transaction fees up to 90% lower than standard Ethereum gas fees. Fees can be paid in ETH or $BILL, depending on the type of operation. This structure ensures predictable costs and broad accessibility for users, attesters, and AI agents participating in the network. History and test results Since early 2024, Billions has conducted internal test deployments and pilot programs validating: • Secure credential issuance and revocation using ZK proofs. • Attester validation performance under load conditions. • Wallet compatibility across MetaMask, WalletConnect, and Billions' native interface. Benchmark results demonstrate sub-second transaction confirmations and efficient proof generation verified directly on Ethereum mainnet. Energy efficiency By relying on Ethereum's Proof-of-Stake (PoS) consensus and zk-rollup architecture, Billions achieves exceptional energy efficiency. Ethereum PoS reduces energy consumption by over 99% compared to Proof-of-Work systems, while zk batching minimizes redundant computation. This aligns with Billions' sustainability commitments and MiCA's emphasis on environmentally responsible blockchain operations. Developer and user ecosystem Billions leverages the Ethereum Virtual Machine (EVM) ecosystem — the world's largest developer and user base. Developers can build directly using standard tools (Solidity, Hardhat, Foundry), and users can interact through familiar wallets such as MetaMask, WalletConnect, or Trust Wallet. Billions also integrates with Polygon, Linea, and other zk-focused partners, expanding interoperability across both consumer and enterprise applications. Where applicable, integrations with decentralized identity providers such as Privado ID may also be explored to enhance privacy-preserving verification and cross-network trust. Why Bill Token / Why this architecture Billions selected Ethereum + zk-rollup technology to ensure compliance-grade scalability, privacy-preserving verification, and trustless interoperability. This setup allows $BILL to function as the native utility and incentive token for a next-generation trust network serving humans and AI alike. By combining Ethereum's global reach with ZK privacy, Billions establishes a secure, compliant, and future-proof foundation for identity, reputation, and verification in Web3. |
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| H.2 Protocols and technical standards | text | Transactions are processed off-chain and verified through zk-proofs before being finalized on Ethereum mainnet, ensuring scalability, privacy, and energy efficiency. The $BILL token follows the ERC-20 standard, guaranteeing interoperability with all major Ethereum-based wallets, exchanges, and DeFi applications. Smart contracts are developed in Solidity using OpenZeppelin's audited frameworks, secured with multi-signature and role-based permissions, and independently audited prior to deployment. Billions uses elliptic curve cryptography (secp256k1) for token signing and validation, complemented by Babyjubjub for zero-knowledge proof operations and credential verification. This hybrid cryptographic setup enhances privacy and integrity across both transactional and identity layers. Through zk-batching, the network achieves high throughput and transaction costs up to 90% lower than on Ethereum mainnet. This combination of Ethereum PoS security, zk-rollup scalability and ERC-20 interoperability provides a robust, transparent, and compliant technological foundation for $BILL, enabling fast, secure, and privacy-preserving transactions within the global Web3 ecosystem. |
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| H.3 Technology used | textBlock | Tokens are held in self-custodial Ethereum wallets, secured through private-key encryption and recovery mechanisms. All token-related actions—issuance, vesting, and transfers—are managed by audited smart contracts deployed by Billions Limited (BVI) and settled on Ethereum mainnet. Transaction scalability and privacy are enhanced via Billions' zk-rollup Layer-2, which batches and validates operations off-chain before Ethereum finality. Together, these technologies guarantee secure custody, transparent transfers, and efficient performance within a decentralized and interoperable infrastructure. |
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| H.4 Consensus mechanism | text | Transactions and state updates generated in the Billions Layer-2 (zk-rollup) are aggregated and validated through zero-knowledge proofs (ZKPs) before being committed to Ethereum mainnet. This hybrid model ensures that: • Consensus on the final state of the network is reached through Ethereum PoS validators. • Validity of all Layer-2 transactions is mathematically proven via ZK-SNARKs. • Energy efficiency and decentralization are inherited from Ethereum's validator ecosystem. Through this mechanism, Billions achieves a high-security, low-energy, and censorship-resistant consensus structure without running its own validator network. |
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| H.5 Incentive mechanisms and applicable fees | text | Staking and reputation: Holders of $BILL tokens may stake their tokens to unlock enhanced network benefits and access higher reputation tiers. Higher reputation levels improve access to premium verification types and increase participant's standing across the Billions ecosystem. In addition, holders who stake $BILL may receive a return, which is not guaranteed and may be modified, reduced, or discontinued at any time. Fee structure and discounts: Transactions and service fees within the network are denominated in $BILL. Staked users may benefit from reduced verification and issuance costs, while additional rebates may apply to AI agent onboarding and cross-network integrations. This fee model reinforces token utility and supports widespread accessibility. Deflationary mechanism: The Billions network incorporates a protocol-level deflationary mechanism through the permanent removal of tokens used in certain operations. Processes such as decentralized identifier (DID) registration and selected credential-related services require BILL-denominated fees that are irrevocably removed from circulation. Staking mechanics and governance: Staking consists of locking $BILL tokens in a dedicated smart contract deployed on the Billions Network. The staking contract does not participate in network consensus or validation. The return associated with staking is discretionary, funded from allocations within the issuer's token reserves, and is not derived from network transaction fees. The staking contract is upgradeable through a TimelockController mechanism, controlled by a multi-signature (2-of-4) governance structure, subject to a 48-hour delay before any update takes effect. |
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| H.6 Use of distributed ledger technology | boolean | ||||
| H.7 DLT functionality description | textBlock | The system uses zero-knowledge rollup (zk-rollup) technology to batch and validate transactions off-chain before committing verified proofs to Ethereum mainnet. This hybrid design enables high scalability, low transaction costs, and strong privacy guarantees while inheriting Ethereum's Proof-of-Stake security. The Layer-2 infrastructure (sequencers, proof generators, and validators) is operated by the issuer and selected partners under multi-signature governance. All transactions and state updates are audited, transparent, and verifiable on-chain. |
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| Other token audit details | |||||
| H.8 Audit | boolean | ||||
| H.9 Audit outcome | textBlock | The audit covered the following smart contracts: BillionsNetworkToken.sol; ProxyAdmin.sol;TimelockController.sol and TransparentUpgradeableProxy.sol (assessed commit ID: 59766e5; remediation commit ID: 4bfe02b). The outcome of the audit was satisfactory; Halborn identified no critical, high, medium, or low severity findings. A single informational finding was raised relating to a floating pragma version, which was fully resolved by the Billions team prior to the issuance of the final report. As a result, 100% of reported findings have been addressed. In addition, the staking smart contract (StakingRewards.sol) was subject to a separate independent security audit conducted by Halborn, performed on March 19, 2026, with the final report last updated on March 23, 2026. The audit identified two low-severity and two informational findings, all of which were resolved by the Billions team prior to the issuance of the final report. As a result, 100% of reported findings have been addressed. |
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| Part I - Information on risks | |||||
| I.1 Offer-related risks | textBlock | Prospective buyers of $BILL tokens are advised to read all the background information and the white paper. Participants could lose all or part of the capital contributed, and should be fully aware that the acquisition of tokens does not guarantee profitability or recovery of the investment made. $BILL tokens involve a high degree of risk and should only be considered by individuals with experience in purchasing, custody, and intellectual and technical knowledge about the issuance, operation, and other operations related to crypto assets. The allocation of $BILL tokens should only be considered by individuals who do not require liquidity and can withstand the total loss of their purchase. The cryptoasset may lose some or all of its value. The cryptoasset may not always be transferable. The cryptoasset may not be liquid. The cryptoasset will not be redeemable for the goods or services promised in this cryptoasset white paper, especially in the event of failure or interruption of the cryptoasset project. The crypto asset is not covered by the investor compensation schemes provided for in Directive 97/9/EC of the European Parliament and of the Council. The crypto asset is not covered by the deposit guarantee schemes provided for in Directive 2014/49/EU. Cryptoassets are a new asset class that combines computing, finance, economics, and cooperation and coordination within the user community. In this section of the white paper, we present what we consider to be a comprehensive statement of the risks. There are risks that we face now and will face in the future that we cannot identify at this time. Risks: There are technical and operational risks. The functioning of $BILL tokens depends on the proper operation of the blockchain on which they are issued and the robustness of the smart contracts that manage their issuance, custody, and transfer. Coding errors, infrastructure failures, or undetected vulnerabilities could lead to unforeseen consequences, including financial losses, token lockouts, or external attacks such as hacks, phishing, or other forms of cyberattacks. Force majeure: cyber attacks and other malicious attacks targeting the issuer may have a significant adverse effect on the value of $BILL tokens, which could lose all or virtually all of their value. The risk of accidental loss (e.g., in the event of force majeure, including theft or deactivation by third parties) shall in any case be borne by the participant. The company shall not be liable in any case for slight negligence towards business customers, nor for gross negligence. The success of the BILLIONS project, and therefore the long-term value of the tokens, will depend largely on the promotion team's execution of the roadmap, the development of its ecosystem, and its ability to attract and retain a sufficient user base. |
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| I.2 Issuer-related risks | textBlock | The tokens are made available to participants in the state in which they are issued, without the issuer providing any additional guarantees of value, marketability, or suitability for a specific purpose. Business viability risk: As this is an early-stage project, there is no guarantee of success. The achievement of milestones will depend on the adoption of the token by the community and the team's ability to attract investors and users, among other factors. Operational risks and management: As the sole issuer and provider, governance, treasury management, and internal controls fall entirely to BILLIONS. Poor resource management could affect the execution of the project and, ultimately, the value of the token. Regulatory risks: Compliance with Regulation (EU) 2023/1114 (MiCA) is a priority objective. However, future legislative changes or interpretative differences with other jurisdictions (e.g., the US or Asia) could limit the availability of the token or impose additional requirements. Contractual and technological risks: Any incident affecting the smart contracts used, the custody mechanisms, or the blockchain infrastructure will directly impact the issuer's liability. Conflicts of interest and team commitment: As BILLIONS is the sole issuer and provider, the founders, executives, and advisors may have interests linked to the value of the token. |
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| I.3 Other tokens-related risks | textBlock | Dependence on value and utility: The value of $BILL will depend largely on the success of the development, launch, and adoption of the platform linked to the project. To the extent that adoption is limited, or there are delays or failures in the execution of the project, the token could lack real utility and therefore lose its economic value entirely or substantially. General economic conditions: External factors such as economic recessions, instability in financial markets, or decreased investment in digital assets may negatively affect the liquidity and price of the token. Such market conditions are beyond the issuer's control and may have an adverse impact on the viability of the project. Regulatory changes: The evolution of the regulatory framework, including the implementation of regulations such as Regulation (EU) 2023/1114 on crypto-asset markets (MiCA), could entail increased compliance burdens, restrictions on token trading, or limitations on its availability in certain jurisdictions. These legal changes could reduce the functionality or appeal of the token for users. Risks of fraud and scams: The crypto ecosystem is susceptible to fraudulent activities such as phishing, malicious airdrops, identity theft, or manipulation schemes. Exposure to these types of risks could result in irreversible losses for token holders, even if the issuer is not responsible for such activities. Irreversibility of transactions: Blockchain transactions are, by nature, immutable. Consequently, transfers made in error, under duress, or fraudulently cannot be reversed. The issuer assumes no responsibility and cannot compensate the investor for erroneous or unauthorized transactions. Private key management: The security of $BILL depends directly on the proper management of private keys by users. The loss, theft, or misuse of these keys could lead to the permanent loss of tokens, with no possibility of recovery by the issuer. Custody risk: If holders decide to entrust the custody of their tokens to third parties, any failure or malpractice on the part of such custodians could result in the loss of assets. The issuer shall not be liable for incidents arising from external custody. Privacy and traceability: While blockchain transactions offer transparency, this same feature means that transactions are publicly recorded. With analysis tools, it is possible to link addresses to real identities, which can pose risks to the privacy of the owners. Tax risks: Depending on the jurisdiction, transactions involving $BILL may generate tax obligations. It shall be the sole responsibility of the investor to be aware of and comply with the applicable tax regulations. Market volatility: The price of crypto assets is highly volatile due to market dynamics, speculation, and variations in demand. $BILL could experience extreme fluctuations that could result in significant or total losses for its holders. Market demand: The utility and value of $BILL will depend on the degree of adoption of the platform and the projected ecosystem. Failure to meet market expectations could have an adverse effect on the value of the token. Staking-related risks: Holders who choose to stake $BILL tokens may receive a return in connection with such participation. This return is not guaranteed, is not a right inherent to the token itself, and may be modified, reduced, or discontinued at any time at the sole discretion of BILLIONS. Holders should not assume that any return associated with staking will continue in the future. |
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| I.4 Project implementation-related risks | textBlock | Funding and resource allocation: The success of the project depends on obtaining sufficient funds to achieve key milestones, such as marketing campaigns, inclusion in exchange platforms, or technological development. Insufficient funding could delay or even limit the achievement of these objectives. Likewise, inadequate management or inefficient allocation of financial or human resources could hinder the achievement of the project's objectives, leading to operational inefficiencies and reputational damage. Risks related to technical development: The operation of $BILL depends on smart contracts deployed on a blockchain infrastructure. Although these contracts are designed to be secure and reliable, the occurrence of programming errors, vulnerabilities, or failures that could affect token distribution, transfers, or intended use within the ecosystem cannot be ruled out. Furthermore, as the project relies on the stability and security of the underlying blockchain network, any episode of congestion, downtime, or security breach could negatively impact the functionality of the token. Regulatory and compliance risks: Although $BILL is designed to comply with MiCA and other applicable regulations, legislative changes, delays in regulatory approvals, or the imposition of additional requirements by competent authorities could slow down the implementation of the project. Added to this is the diversity of regulatory approaches in different jurisdictions, which may create additional obligations and increase the complexity of regulatory compliance. Market adoption risks: The blockchain sector is highly competitive and sensitive to trends, so the success of $BILL will largely depend on user and community participation and engagement. If the project fails to attract and retain an active user base, adoption of the token could be limited, reducing its long-term value and utility. In addition, potential delays in key milestones, such as token distribution, liquidity provision, or future listing on exchanges, could undermine the confidence of investors and participants. Dependence on third parties and ecosystem players: The viability of the token may require partnerships with exchange platforms, technology providers, or market makers. Any delay, breach, or underperformance by these strategic partners could hinder the execution of the project. In addition, the rapid evolution of blockchain technologies poses an added risk, namely that the emergence of new solutions or standards may render existing models obsolete, forcing the BILLIONS team to constantly innovate and adapt. Exchange listing and trading platform risks: The trading and liquidity of $BILL tokens depend on their admission to and continued availability on third-party exchange platforms. The listing process is subject to the discretion of each platform and cannot be guaranteed. Furthermore, any interruption, suspension, technical failure, or delisting decision by such platforms could temporarily or permanently restrict the ability of holders to trade or transfer their tokens, which may have a significant adverse effect on the liquidity and market price of $BILL. |
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| I.5 Technology-related risks | textBlock | Dependence on the blockchain network: The token is issued and managed through a public blockchain network. Any interruption, outage, congestion, or technical failure in that network could affect the transfer of tokens, the recording of transactions, or their use within the platform. This could result in transaction delays, loss of operational efficiency, and even the temporary inability to use the token. Smart contract vulnerabilities: Although the smart contracts supporting the $BILL token are designed with advanced security measures, there is always a risk that flaws, programming errors, or exploitable vulnerabilities may be discovered. Such issues could affect token distribution, redemption, or any other essential functionality, compromising the integrity of the project. Code immutability: Once deployed, most smart contracts supporting the $BILL token cannot be easily modified, meaning any error in the code could have permanent consequences, forcing complex or costly alternative solutions that could impact the user experience and trust in the token. However, certain contracts, including the staking contract, are upgradeable, which introduces the governance-related risks described below. Staking contract governance risk: The staking smart contract is upgradeable through a TimelockController mechanism, controlled by a multi-signature (2-of-4) governance structure, subject to a 48-hour delay before any update takes effect. This means that a majority of the signers of that governance structure could modify the terms of the staking contract, including the parameters governing the return associated with staking, or withdraw tokens allocated for that purpose. While the multi-signature requirement and the 48-hour delay are intended to reduce the risk of unilateral or immediate changes, holders should be aware that the staking contract's terms are not immutable and may be modified by the issuer's governance structure. Private key management risks: Token holders are responsible for safeguarding their private keys and recovery phrases. The loss, theft, or improper management of these credentials would result in the permanent loss of access to the tokens. The issuer cannot regenerate or replace tokens under any circumstances. Compatibility and ecosystem: The $BILL token depends on wallets, exchanges, and other services in the blockchain ecosystem being compatible and available. Interoperability failures, technical issues, or incompatibilities could affect the storage, transfer, or use of the token, creating friction for users. Network security risks: The blockchain network on which BILLIONS is supported could be subject to cyberattacks, including denial-of-service (DoS) attacks or attempts to exploit vulnerabilities in consensus mechanisms. These events would compromise the security and stability of the network, indirectly affecting the token. Risks of technological obsolescence: The blockchain sector is evolving rapidly. New technologies, protocols, or improvements could render the infrastructure used by the $BILL token obsolete, reducing its competitiveness or limiting its adoption. Likewise, the transition to more efficient or secure models in other networks could make the token less attractive in the market. |
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| I.6 Mitigation measures | textBlock | Issuer risks Treasury management: BILLIONS maintains a supply of pre-issued tokens and strategically distributes its treasury reserves with the aim of financing the development of the platform, incentivizing the ecosystem, and ensuring its operational sustainability. The application of strategic budgeting policies ensures the efficient use of resources and helps reduce financial stress. Regulatory compliance: The platform is in constant dialogue with the relevant authorities and is committed to complying with applicable regulations, including developments in the European framework derived from the MiCA Regulation and Spanish regulations on financial services and money laundering prevention. This commitment reduces exposure to regulatory risks. Payment security: During payment and transaction processes, the BILLIONS platform does not store sensitive user data, such as card credentials, but instead uses external providers certified under security standards. Operational security: $BILL's technological systems feature secure custody solutions, including cold and hot storage with multiple layers of protection, as well as insurance against theft, cyberattacks, or unauthorized access provided by specialized providers. Risks associated with crypto assets Investor education: The platform provides clear and transparent information about the nature of tokens, their utility, volatility risks, and potential liquidity challenges, so that investors can make informed decisions. Treasury plan: The distribution of tokens and the planning of their release is carried out in stages to avoid market imbalances and ensure an adequate level of liquidity. Regulatory compliance: The legal and compliance team actively monitors regulatory developments to anticipate changes and adapt internal processes, ensuring that BILLIONS' operations are compliant in all relevant jurisdictions. Risks related to project implementation Continuous security assessments: The platform is subject to regular security audits, both internal and external, with the aim of identifying vulnerabilities and correcting them before incidents occur. Commitment to the community: We promote constant communication with users and investors, which allows us to obtain early feedback and adapt the project's development to stakeholders' expectations. Development of strategic alliances: BILLIONS establishes collaborations with key partners (technology providers, developers, and payment gateways) in order to guarantee the scalability and stability of the platform. Technological risks Security standards: All operations comply with international security protocols, such as ISO/IEC 27001, SOC 2, and OWASP standards, ensuring the secure handling of digital assets and financial transactions.In addition, smart contracts undergo independent audits to identify and mitigate potential vulnerabilities before deployment Data protection: Sensitive user data, including passwords, is protected using advanced encryption. In addition, token invalidation algorithms are used to strengthen authentication processes. Scalability and technological collaboration: The platform is interoperable with different blockchain networks and develops technical scalability measures that allow it to maintain efficient operation even in high-demand scenarios. |
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| Part J - Information on the sustainability indicators in relation to adverse impact on the climate and other environment-related adverse impacts | |||||
| J.1 Adverse impacts on climate and other environment-related adverse impacts | textBlock | ||||
| Mandatory information on principal adverse impacts on the climate and other environment-related adverse impacts of the consensus mechanism | |||||
| General information about adverse impacts | |||||
| S.1 Name | text | ||||
| S.2 Relevant legal entity identifier | text | ||||
| S.3 Name of the crypto-asset | text | ||||
| S.4 Consensus mechanism | text | ||||
| S.5 Incentive mechanisms and applicable fees | text | ||||
| S.6 Beginning of period to which disclosed information relates | date | ||||
| S.7 End of period to which disclosed information relates | date | ||||
| Mandatory key indicator | |||||
| S.8 Energy consumption | energy (kWh) | ||||
| Sources and methodologies | |||||
| S.9 Energy consumption sources and methodologies | textBlock | ||||
| Supplementary information on principal adverse impacts on climate and other environment-related adverse impacts of consensus mechanism | |||||
| Supplementary key indicators | |||||
| S.10 Renewable energy consumption | percent | ||||
| S.11 Energy intensity | energy (kWh) | ||||
| S.12 Scope 1 DLT GHG emissions - controlled | GHG emissions (tCO2e) | ||||
| S.13 Scope 2 DLT GHG emissions - purchased | GHG emissions (tCO2e) | ||||
| S.14 GHG intensity | GHG emissions (tCO2e) | ||||
| Sources and methodologies | |||||
| S.15 Key energy sources and methodologies | textBlock | ||||
| S.16 Key GHG sources and methodologies | textBlock | ||||
| Optional information on principal adverse impacts on the climate and on other environment-related adverse impacts of the consensus mechanism | |||||
| Optional indicators | |||||
| S. 17 Energy mix | percent | ||||
| S.18 Energy use reduction | |||||
| Energy use reduction target (absolute value) | energy (kWh) | ||||
| Energy use reduction target (percentage) | percent | ||||
| S.19 Carbon intensity (kgCO2e/kWh) | decimal | ||||
| S.20 Scope 3 DLT GHG emissions - value chain | GHG emissions (tCO2e) | ||||
| S.21 GHG emissions reduction targets or commitments | textBlock | ||||
| S.22 Generation of waste electrical and electronic equipment (WEEE) | mass (tonnes) | ||||
| S.23 Non-recycled WEEE ratio | percent | ||||
| S.24 Generation of hazardous waste | mass (tonnes) | ||||
| S.25 Generation of waste (all types) | mass (tonnes) | ||||
| S.26 Non-recycled waste ratio (all types) | percent | ||||
| S.27 Waste intensity (all types) | mass (tonnes) | ||||
| S.28 Waste reduction targets or commitments (all types) | textBlock | ||||
| S.29 Impact of use of equipment on natural resources | textBlock | ||||
| S.30 Natural resources use reduction targets or commitments | textBlock | ||||
| S.31 Water use | volume (m3) | ||||
| S.32 Non recycled water ratio | percent | ||||
| Sources and methodologies | |||||
| S.33 Other energy sources and methodologies | textBlock | ||||
| S.34 Other GHG sources and methodologies | textBlock | ||||
| S.35 Waste sources and methodologies | textBlock | ||||
| S.36 Natural resources sources and methodologies | textBlock | ||||