SMELL MAFIA

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SMELL MAFIA
White Paper ver 0.6
Original and Purpose of this Document
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Original
This book's original is in English, and the Japanese translation is only a reference material translated by an external volunteer translation team to assist understanding. In the case of a deviation in meaning between the English version and the Japanese translation, the meaning of the English version shall take precedence.
 
Purpose of this Document
This book was created for the sole purpose of providing information and does not guarantee the accuracy or completeness of the information contained within. Furthermore, this book is not to be interpreted as an inducement to buy or sell securities, an investment solicitation, or an investment advice in any jurisdiction.
 
Additionally, this White Paper (hereinafter referred to as "this book") is not approved or examined by any regulatory authorities, and the public release and distribution of this book does not imply compliance with relevant laws and regulations.
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Those who wish to participate in the SMELL MAFIA project or make donations as described in this book are strongly recommended to seek the advice of experts after fully understanding the content of this book before taking any action.
1. Introduction
SMELL MAFIA, the world's first platform for selling NFTs of smells.
 
SMELL MAFIA specializes in digitalizing smells and aromas, and managing and circulating digital items.
 
It is said that memories evoked by the sense of smell elicit more emotional reactions than those stimulated by other senses. Aromas and marketing techniques that are tailored to the purpose are being introduced all over the world. In addition, various hardware manufacturers are deploying IoT and AI-equipped digital devices that can control smells, but those smells (components) are limited to their own technology and there is no unified smell data or standard worldwide.
 
SMELL MAFIA will digitally format smells and aromas in a universal data format and sell them as smell NFTs, which can prove ownership of digital data. Companies and individuals who purchase smell NFTs can reproduce the same smell at any time using a dedicated diffuser. We will cooperate with manufacturers around the world to develop digital smell devices in the future, and aim to be the smell version of iTunes that sells smell data.
 
In order to protect the rights of copyright holders, SMELL MAFIA will introduce blockchain and non-fungible tokens (NFTs). When companies in the interior industry that develop smells and aromas in the real world expand into the virtual world, this innovative technology will protect the copyright of creators and buyers.
 
The SMELL MAFIA platform is developed as a platform based on its own blockchain, with NFT markets and a DAO mechanism that forms a decentralized autonomous organization using the technical elements of WEB3.0. By issuing our own cryptocurrency (unnamed, hereafter referred to as "Our token" or "***") circulating on this platform, we will develop the infrastructure for two new assets, NFTs and cryptocurrencies. Users can purchase and resell scent NFTs on the marketplace, and purchased NFTs can be freely reproduced using a diffuser. Additionally, certain Our token holders can participate in the SMELL MAFIA community and are given the authority to collect and register scent data and approve the blockchain. Community participants are rewarded with Our tokens for activities on the platform. When registered scent data is purchased, purchase fees and copyright fees are paid. The world of Smell To Earn can be realized on the SMELL MAFIA platform.
2. SMELL MAFIA project
 
Achieving code management by quantifying smells
In this project, we will issue and manage the global standard code DSF (Digital Smell Format) that quantifies smells. DSF controls smells by recording programs such as "cartridge number", "number of seconds", and "intensity" to operate for various spray devices and electronic devices that can reproduce smells.
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Technological innovation brought about by NFT
NFT is an abbreviation for Non-Fungible Token, and can be exchanged on the same blockchain as crypto assets. By recording digital data that can be duplicated on a blockchain that is difficult to tamper with, the data can be treated as a unique existence, making it impossible to forge and proof of ownership.
Since the transaction history and owner information are also recorded on the blockchain, it is guaranteed that you are the owner of the data. NFT will create ways to enjoy digital works and businesses that have never been realized before.　
  
Numericalization of smell x NFT x digital device
A new world view can be created by linking various digital devices with the technology that enables the reproduction of digitized smells at the required timing.
For example, with an AI-equipped diffuser, you can control the scent of the room according to your mood, link with the game or the metaverse world to notify enemies and shops with your sense of smell, and install a diffuser on AR/VR glasses. or travel the world.
There is no doubt that this project will expand into an unimaginably large market.
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Market of SMELL MAFIA
SMELL MAFIA will target the digital marketing market with smell NFT. Global advertising spending in 2021 will increase by 17.0% year-on-year to $682.5 billion (approximately ¥78.3 trillion). Among them, digital advertising increased by 29.1% to 355.7 billion dollars (approximately 40.8 trillion yen), driving the expansion of the advertising industry.
https://www.advertimes.com/20220127/article375333/
The global fragrance market is expected to grow from approximately 5 trillion yen in 2020 to 6 trillion yen by 2025.
In this way, the world's digital advertising and fragrance markets are on the rise year by year, and our market is truly in a growth field.
In the NFT market, the growth of the Metaverse field will drive the growth of the US investment firm Jefferies to $35 billion (approximately ¥4 trillion) in 2022 and $80 billion (approximately ¥9.2 trillion) in 2025. expected to reach By adding our scent business to these markets, the variety of advertisements will increase.
3. SMELL MAFIA Platform
The SMELL MAFIA platform consists of NFT registration management, NFT marketplace, and scent playback history management functions, and incorporates the NFT and DAO mechanisms that are elements of WEB3.0. It is also possible to
NFT registration management
You can register numerical smell data and generate NFT. certain conditions
We will build a DAO community where users who meet the requirements can participate, and those users can register new scents and approve NFT registration, and get Our token as a reward. Also, when the registered smell NFT is bought and sold, you can get the reward and realize SMELL To Earn.
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SMELL MAFIA
It has a function to buy and sell registered scent NFTs. You can buy and sell by limit price and auction format. It is also possible to resell purchased NFTs and create premium NFTs.
There are two types of smell NFTs: common cards and owner cards. The common card is an NFT given to members who have purchased the right to use the scent, and the owner card is an NFT given to members who have registered and purchased the ownership of the scent NFT. Dividends according to the selling/reselling price will be distributed to the owner card in Our token. It is also possible to specify the number of cards to be issued for each card.
Digital Smell Patent
Manage the number of times played by the smell NFT. This makes it possible to charge according to the number of playbacks, and to issue NFTs with a limited number of playbacks.
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SMELL MAFIA APP
Smartphone app for controlling diffusers and nebulizers as well as using all SMELL MAFIA platform functions. It also has a Our token payment function.
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atodashi (Even in#12, the contents will be described later)
atodashi is the world's first mechanism to combine derivative trading and subscription (patent pending). By purchasing contracts (derivatives) that reflect the value of NFTs or financial products and interpreting regular fees (subscriptions), it is possible to obtain long-term profits while reducing risks.
With atodashi, users can reduce the risk of NFT trading by lowering their monthly usage fee.
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Features:
・World's first! Trade only when profits are made
Investments have an equal risk-return. If a 20% return is expected, there is also a 20% risk of loss. However, with atodashi, it is possible to trade only when the NFT position increases, through the "atodashi" trade.
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・Hold high-priced NFTs with only monthly usage fees
Normally, purchasing high-priced investment products requires costs ranging from 1 million yen to 50 million yen. However, with atodashi, there are no additional costs for holding NFTs worth 100,000 yen or 5 million yen, for example. You can hold a position with only the monthly fee.
 
・The number of NFTs that can be Hold will increase according to the monthly fee to be paid.
atodashi has NFT purchased from an exchange, and users can hold NFT. From the "scent of apple" and "the scent of vanilla" to the hundreds of "fragrance of Asuka Kirara" and "A certain anime scent" that can be expected to rise, I like it. You can hold a card.
 
・ Easy and simple rules
1. Hold your favorite NFT. 2. When the price rises, it is profitable to purchase at the price when you Hold. 3. Even if you do Hold, if the price drops, it will be canceled for free. Anyone can use it with such an operation.
4．Technology
 
Smell digitization code “DSF”
It is a global standard standard code that quantifies smell issued by AVALANCH TECH IT SOLUTIONS, and it is called Digital Smell Format and called DSF. DSF contains programs such as "cartridge number", "number of seconds", "strength", and "maximum printable number" for various spray devices and electronic devices that can print smells. Various spray devices and various electronic devices control and print smells.
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NFT blockchain
The SMELL MAFIA platform will be a Quorum-based private chain, and the Validator will form a decentralized network. It enables Our token issuance and transactions, and the token transfer smart contract complies with ERC-1155, ERC-721, ERC-20.
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GAS
On the SMELL MAFIA platform, Our token is defined as a gas token, but there is no gas fee for normal transactions. Our token is designed as a commission and reward for the execution of various smart contracts working on the platform.
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Network
The SMELL MAFIA platform does not rely on a specific central management organization, but aims to share program processing and its results as a peer-to-peer network execution environment. Participants of the SMELL MAFIA project who clear certain conditions will be granted SMELL MAFIA blockchain approval authority and will be rewarded with Our token, which is a GAS token. In addition, project participants are also given the authority to register and approve scent NFTs, so the economy of SMELL To Earn is activated on the platform.
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Consensus algorithm
The consensus algorithm of SMELL MAFIA platform adopts IBFT (Istanbul Byzantine Fault Tolerance). Blocks will be generated no more than 5 seconds apart, and encryption will be implemented for private transactions. An IBFT-generated block is signed by the block's proposing node and multiple validators, and is extremely tamper-resistant as tampering with this block requires knowing all of their private keys.
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IPFS Server
Considering the development of this project in the advertising industry, we will construct an IPFS service that enables the storage of files such as metadata and image data, which are rich contents. The ipfs cluster manages the file pin function for each ipfs node.
5．Our token
 
Our token Details
Token name: Unnamed (hereafter referred to as "Our token")
Published by: AVALANCH TECH IT SOLUTIONS
Ticker: ***
Token standard: ERC20
Issued number: 12,000,000,000
Token delivery: Immediate
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Tokenomics
Our Token will be used for payments on the SMELL MAFIA platform.
It can be used for purchase of merchandise items and dividends to ownership rights holders on SMELL MAFIA's marketplace. In addition, certain token holders will use it as a payment currency for rewards on the platform as SMELL MAFIA project participants.
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[Phase 1] - Distribution of the Product

In the early stages, *** will be used as the settlement currency. Specifically, we will focus on the following two areas:
1. *** will be used as currency for transactions on our platform, such as atodashi and NFT Smell Mafia. (Software usage)
2. Our business involves the reproduction of digital scent data through a dedicated app. Therefore, *** will be used for purchasing fees and rewards for providing companies. (Hardware usage)
 

◆atodashi app
・Monthly usage fees and operating profits
◆NFT Smell Mafia
・User trading and buying support through operation
◆Scent
・Purchasing and providing rewards to talents and companies
・Copyright income from owning scent owner cards
◆Diffuser
・Purchase costs and refund guarantees
 

Building a token economy.
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[Phase 2] - Formation of Tokenomics (DAO) through Expansion of Players

In Phase 2, we will use *** as the settlement currency and introduce it to all transactions related to our business. This will allow general users to participate in the business by providing materials related to NFT and scent, expanding the circulation of ***, and forming an economy. By providing illustrations for scent NFT and minting, new scents can be generated and monetized.
In addition, by providing diffusers for corporations in movie theaters and karaoke boxes, the supply of scents will increase. By introducing *** for charging based on the number of reproductions, stable circulation of *** can be expected. This will allow everyone who participates in the business to transact using ***.
 

◆atodashi app
・Inter-app cooperation (using *** in partner apps)
・Information exchange within the community
◆NFT Smell Mafia
・Illustration contribution for NFT cards by users
・Information exchange within the community
◆Scent
・Copyright income from scent
・Collecting feedback within the community
◆Diffuser
・Subleasing for CtoC
・Charging based on the number of reproductions of scent
 

Formation of a community, stabilization of token economy, quality assurance, feedback.
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[Phase III] - Building Exclusivity

Phase III will revolutionize the DX (digital experience) of fragrances. Using a proprietary device and app developed in-house, general users will be able to collect fragrances that were previously only collected by experts. This will enable general users to collect fragrances for their memories or for profit. By using *** as gas fees and rewards for collecting fragrances, exclusivity will be ensured. This is called "Smell to Earn."
Furthermore, a fragrance survey will be conducted in collaboration with research institutes and manufacturers, targeting general users who have not participated in crypto before. In exchange for answering the survey, the general users will receive *** as compensation. By doing so, general users can participate in businesses that use ***. Data collected from the surveys will be analyzed by AI to provide better fragrances to the world. This is called "AI to Earn."
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◆Fragrances
Gas fees for collecting fragrances using a proprietary device or app called "Collecting DX."
Performance rewards for providing fragrances using "Collecting DX."
Gas fees required for Minting fragrance NFTs.
Compensation for fragrance surveys conducted by companies.
Staking to raise research and development costs for diffusers.


Community formation, product quality assurance, marketing effectiveness.
6. Token allocation
Token allocation of final token holders in this project is as follows:
 
Exchange: 20%
Will be sold to general users.
Liquidity: 15%
Will be used to ensure liquidity for ***.
Development/Ecosystem: 30%
Will be used for promoting the fragrance DX, such as sales expenses and development funds.
Marketing/Operations: 10%
Will be used for promotion of atodashi and NFT Smell Mafia as global services.
Community: 5%
Will be used for rewards for community contributors, staking rewards, airdrops, and more.
Advisors and Partners: 4%
Will be used as incentives for business expansion, such as lawyer and agency fees.
Core Team: 16%
Will be used as incentives for the members who operate this project.
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Token Vesting Schedule
As there are no large investors who hold *** prior to the fair launch, the volatility will be low even without setting a lock-up period. However, advisors and partners will be allowed to unlock 25% of their holdings six months after the exchange launch, and then 25% every six months thereafter.
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Audit
The audit of *** will be conducted by CertiK, a third-party organization that verifies the safety and vulnerabilities of the project. CertiK has audited over 1,800 protocols and blockchains, and has supported the security enhancement of over 310 billion dollars (approximately 34 trillion yen) worth of digital assets for more than 2,500 corporate clients. They have also discovered vulnerabilities in over 45,000 blockchain codes. CertiK is recommended by global exchanges such as Binance, OKEx, and Huobi, and is backed by major investors such as SoftBank Vision Fund and Tiger Global.
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7．ROADMAP​​
8．COMPANY
Company: AVALANCH TECH IT SOLUTIONS
Address: Office 1002 , 48 Burj Gate, Downtown, Dubai
License: 1063187
Business description: AVALANCH TECH IT SOLUTIONS is a company based in Dubai that undertakes WEB3.0 technical consulting and service platform development from all over the world.
9．MEMBERS​​​​​​
Smell Mania RED｜CEO
Smell Mania YELLOW｜COO/CSO
Smell Mania BLUE｜COO/CMO
Smell Mania"A"｜Sales Development
Smell Mania"J"｜UIUX designer
Smell Mania”F”｜lawyer
Smell Mania”N”｜lawyer
10. Disclaimer
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No part of this whitepaper or the facts presented should be relied upon for making any contract or investment decision. No one is bound by any contract or legal obligation to buy or sell Our token.
In connection with the sale and purchase of Our tokens, your contract with the Seller as a purchaser shall be solely governed by the Token Sale Agreement which specifies the terms and conditions of the contract. Investing in Our tokens involves a very high degree of risk, including the risk of losing your entire investment.
Only investors with knowledge of acquiring tokens, digital assets, or cryptocurrencies should consider this opportunity. You must carefully consider the risks of purchasing Our tokens.
We do not guarantee the accuracy, reliability, or completeness of this white paper, and we do not take any legal responsibility.
11. Risk
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RISKS RELATED TO PURCHASING, SELLING AND USING TOKEN
This token is not planned or sold as securities or financial products. Therefore, all information related to the purchase is not intended to form an investment decision, and we shall not be held responsible for any loss or damage arising from any act arising from any error, inaccuracy, etc., of such information. We are not responsible.
Access loss risk based on inappropriate management of this token
If the access information associated with the digital wallet is lost due to improper management by the purchaser, proper access to the token may not be possible.
System risk
Since this token is based on the Ethereum network, there is a risk that an unexpected situation may occur due to a failure or malfunction of this network. In addition, there is a possibility of being hacked or security attacked by malicious groups.
Token Market Risk
Although this token is intended to be used on the SMELL MAFIA platform, there may be a risk of illiquidity with respect to this token held by the purchaser, depending on the status of the exchange that handles it.
Risk from regulatory action
Regarding the issuance and sale of tokens, the handling is not yet clarified in each region, and this token may also be subject to some kind of regulation as the response of regulatory authorities changes in the future.
Taxation risk
Regarding the purchase of this token, the taxation characteristics are not clear, and the relevant tax reporting requirements should be confirmed by each purchaser.
SMELL MAFIA Platform Maintenance Risk
The SMELL MAFIA platform is still under development, and important specification changes may occur in the future. In addition, due to some development factors, the SMELL MAFIA Platform and the Tokens may be at risk if the platform does not function properly or is not sufficiently developed and maintained.
Price fluctuation risk
If this token is traded on a virtual currency exchange in the future, the price may fluctuate significantly.
Dissolution risk
The seller or the company may be dissolved due to large fluctuations in the value of the entire virtual currency, a significant decrease in the usefulness of this token, or failure in business operations.
Unexpected risk
This token was planned and designed based on new technology, and there may be other risks that were not initially assumed.
12. Appendix (supplementary material)
Smell NFT card type
COMMON card
Smell data: included
Resale: Possible
Issuance limit: 20,000 per unit
​Smell played 50 times
Role: NFT for enjoying scent data
Compensation received by IP owners: 70% for primary distribution, 1% for secondary distribution
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OWNERCard
Smell data: not included
Resale: Possible
Issuance limit: 10,000 per unit
​The number of times the scent is played: ーー
Role: NFT with the right to receive part of the sales of COMMON cards
​Remuneration received by IP owners: 0% for primary distribution, 2% for secondary distribution
Market making by ATODASHI
atodashi is a monthly billing subscription service.
Users can reserve scent NFTs that are expected to rise in price at the market price.
Generally, it is necessary to pay for the smell NFT at the stage of placing it, but it is not necessary with ATODASHI. You can reserve it for free.
 
If the user makes a "settlement" when the price rises, he can get the profit of the rise.
On the other hand, if the price drops, you can cancel for free.
All smell NFTs posted on SMELL MAFIA will also be exhibited on atodashi.