Gotaki. Decentralizing Mapping Systems - WHITEPAPER gotakimaps.com - Gotaki Maps
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Gotaki.
Decentralizing
Mapping Systems
> WHITEPAPER
> Gotaki > Whitepaper > 2018
gotakimaps.com
1Table of Content
Abstract
1. Introduction
1.1. Mission
1.2. Market Analysis
2. Gotaki Maps
2.1 Technology Background
2.2 Plasma Mapping Solution
2.3 Delegated Proof-of-Stake
2.4 Token-Curated Registry (TCR)
2.5 Map Main Features
2.5.1 Enriched Information System
2.5.2 OSRM
2.5.3 Map Layer
2.5.4 Map Alpha Features
2.5.4.1 Consumer Mobile App
2.5.4.2 Crawler Technology
2.5.4.3 Intelligent Personal Assistant
2.5.4.4 Future Technologies
3. Use Cases
3.1 Consumers and Smartphone Users
3.2 Autonomous Cars
> Gotaki > Whitepaper > 2018
3.3 Logistics, Supply-chain and E-commerce Last-mile Delivery
3.4 Ride-Hailing and Ride Sharing Businesses
3.5 AR Applications
24. Token Economics
4.1 Dual Token Ecosystem
4.1.1 TAKI Token
4.1.2 Delfos Token
4.2 Token Issuance Model
5. Security Token Offering (STO)
5.1 Overview
5.2 Offering Timeline
5.3 STO Characteristics
5.4 Token Distribution
5.5 Bounty Structure
5.6 Use of Proceeds
6. Roadmap
6.1. 2018
6.2. 2019
6.3. 2020
7. Team
7.1 Advisors
7.2 Blockchain Partners and Customers
7.3 STO Partners
7.4 Core Team
> Gotaki > Whitepaper > 2018
3Abstract
Gotaki Maps is a digital mapping solution based on blockchain technology. Our platform offers a
fairer pricing model and increased security as a result of the decentralized nature of the system.
Gotaki Maps allows companies to offset the costs of our service by becoming co-owners of the
blockchain. This can be done by contributing content (data) or computing power. User information,
however, is kept private and is not collected by Gotaki Maps. A dual-token system will be implemented
to ensure incentives are aligned and to keep data from becoming centralized.
The following document details Gotaki’s blockchain-based security token offering, features, roadmap,
and information about Gotaki’s team. Also included is a detailed description of Gotaki’s dual token
ecosystem. We hope you will be as excited as we are about the future of digital mapping.
> Gotaki > Whitepaper > 2018
41. Introduction
1.1 Mission
Gotaki was originally founded in 2016 to gather data about cities on the Internet and create a map
that would let people plan their trips at the last minute. We targeted the travel industry market of 1
billion people, 85% of whom make last-minute travel plans on the plane, in the airport, or in the hotel.
Founder and CEO Francisco Otazo initially steered the company in this direction based on his
previous experiences analyzing mapping information, including at UrbanMapping. He realized there
was a need in the market for a platform that would not collect/sell user data. With this idea in mind,
he graduated from the Founder Institute Incubator and built a team of qualified software developers
to create a travel platform with the aim of letting its users decide where to go and what to do without
collecting their information.
Gotaki’s MVP was launched in 2016 and has since then moved out of beta. At the time Gotaki raised
a seed round from international investors to develop the platform. High demand for the mapping
system from startups and tech businesses made the team realize the potential of the mapping
technology we built, so we decided to focus on the core technology as a decentralised B2B solution.
We termed this Gotaki Maps, and its goal is to function as a high-quality alternative to traditional
mapping solutions with all the added benefits of blockchain technology. We plan to capture at least
10% of the digital map market, which is estimated to reach USD 40 billion dollars by 2019..
1.2 Market Analysis
Google Maps has been the longstanding titan in the digital mapping industry, but “alternative”
platforms such as the growing Mapbox offer similar services. Major companies like Snapchat,
> Gotaki > Whitepaper > 2018
SquareSpace and Microsoft utilize Mapbox, and over 1 million companies utilize Google Maps. Uber
and other companies have switched back and forth between these two providers as pricing policies
have changed over the years. Both Google Maps and Mapbox offer a freemium pricing system that
5is low-cost to begin with but becomes more expensive as usage increases. The paying customers
are used to subsidize the free usage plans, and as a result, the price of enterprise plans continues to
increase.
On the other hand, due to the inherent sensitivity and regulation of mapping data, several countries
like China, Korea and India have come to rely to on their own, region-specific platforms to meet their
needs. Some examples include MapmyIndia, T-Map, Gaode Maps, and Baidu Maps.
Legal and geographical barriers have ensured that these companies prosper in their respective
locations, but expansion is difficult for these businesses when they are outside their jurisdictions.
Therefore, they have to collaborate with other firms.
China’s Baidu Maps, which has over 300 million monthly users, has partnered with HERE Technologies
to create maps for more than 150 countries, and one of the goals for the partnership is to establish
mapping infrastructure for autonomous cars. Successful conglomerate Tencent has also invested
in HERE’s maps to facilitate their expansion in the self-driving car market, indicating the prospects
of the field. In addition, MapBox stated that autonomous cars will be one of the main monetization
channels for digital mapping in the future.
Global players such as TomTom and Apple Maps are poised to make a reentry into the market. The
iOS 12 beta includes a rebuilt Maps app that’s available in the San Francisco Bay Area at the current
time. It is expected to roll out to additional locations across the United States in late 2018 and 2019.
While TomTom has widely been known for their personal navigation devices in the past 30 years, they
have also begun venturing into digital mapping.
However, these platforms have some key disadvantages. Google Maps does not have up-to-the
minute information on unusual conditions, such as blocked roads or those damaged by weather.
Every time a user opens the app of one of the aforementioned companies, anonymous data is sent
back to update their maps. That’s a security breach, and in our eyes, a violation of trust.
Another major problem with these services is their pricing systems, especially in relation to how much
costs rise for companies that are rapidly expanding. For startups and smaller developers, it can be
hard to justify scaling their businesses up if their products rely on costly mapping services that end up
being too expensive to sustain their growth. While some services are better than others in particular
> Gotaki > Whitepaper > 2018
aspects, none of them are problem-free.
Gotaki Maps plans to capture at least 10% of the digital map market, which is estimated to reach
USD 40 billion dollars by 2019. Gotaki Maps intends to target our service towards price sensitive
6startups and tech companies looking for a more cost-effective alternative. The barriers to entry
include sophisticated technology, long-standing competition, and the cost of creating a blockchain
network. Furthermore, newly established companies such as Mapfit are starting to compete on price
by offering cheaper API services.
To overcome these barriers, Gotaki Maps incorporates all the advantages of blockchain technology
including security, efficiency, and price-friendliness. Gotaki Maps has assembled a team of experienced
engineers, programmers, and advisors to surpass the existing technology.
> Gotaki > Whitepaper > 2018
72. Gotaki Maps
2.1 Technology Background
Gotaki started out by building an additional layer of features on top of OpenStreetMap and Mapbox,
including the custom routing system, which allows for over 25 stops on routes. This was a novelty
when it came out in 2016, given that Google didn’t release such features until April of 2017.
An additional feature is the touch-based route creation. Users can pinpoint places on the map without
the need to input addresses. The feature was created to facilitate route creation in countries without
formal address systems. Voice control was also released as an alpha version in 2018.
In Q1 2018, the team started to develop a proprietary mapping system by erasing Mapbox out of
the tech stack. Built on top of OpenStreetMap, the new system has a set of SDKs and APIs to serve
enterprise customers. The new map doesn’t collect data from users and will serve as the basis for the
decentralised architecture to be launched in 2019.
The basic tech stack of the centralised solution includes OpenStreetMap, Mapnick, Leaflet, Oauth2
and other technologies. What follows is a detailed description of the decentralised mapping system,
Gotaki Maps.
2.2 Plasma Mapping Solution
Gotaki Maps will be a tree of Plasma child chains set up as a distributed mapping system built on top
of the Ethereum public blockchain. Each child chain will specialise in a geographical area to optimise
speed of content delivery. An Oracle routing system will route the API requests to the relevant
cluster of servers that will conform each child chain. Once a geographical child chain reaches peak
transaction bandwith, new layers of the tree will be added to expand transaction capability. Delfos
> Gotaki > Whitepaper > 2018
ERC20 tokens will power the smart contracts and will be spent on Oracle requests. The Oracle will
perform the functions of APIs providing access to the features described in section 2.3.
8Clusters of servers will be set up strategically to ensure availability of routes in the OSRM when a
requests points to a certain geographic area. Whenever the network in a specific area requires new
nodes due to demand surges, stake requirements will be lowered so new servers can come online
in the network. Geographical clusters through the Plasma smart contracts will overcome bandwidth
limitations of the ETH network. The mapping solution will then be distributed geographically through
the blockchain.
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SA Ni Ga Ma UAE CH CA NY WS Sp Ge Lo Ar Br Ch
2st Tree Dept
AFRICA ASIA US EUROPE SOUTHAMERICA
1st Tree Dept
> GotakiMaps.com
Root Chain
Ethereum
2.3 Delegated Proof-of-Stake
The Gotaki Maps protocol will have Delegated Proof-of-Stake consensus. Users of the mapping
solution will have to prove they have TAKI tokens at stake to send requests to the Oracles. The
minimum requirements will equate delfos token supply and will decrease overtime as delfos tokens
supply increases. The described mechanics will ensure there is enough computing power in the
network to match the actual demand.
> Gotaki > Whitepaper > 2018
Delegated Proof-of-Stake also ensures that velocity of TAKI tokens will decrease overtime and value
will increase with network growth. As delfos market supply grows and as the network’s capacity
increases, so will the value of TAKI tokens.
9Gotaki will function as a retailer of Delfos tokens. Delfos will have a set ratio relative to the US dollar,
although we are also considering to tie the Delfos price to computing power price (people who
maintain nodes receive delfos). Whenever demand surges Gotaki will release new Delfos tokens to
keep delfos value below or equal to US $1. TAKI token holders will receive Delfos tokens each time
a new batch is released. Market supply of delfos will increase as demand in the network increases.
2.4 Token-Curated Registry (TCR)
Users will be able to contribute to the network through nodes or computing power for the Plasma
child chains (see 2.2). The token-curated registry that comprises the enriched information dataset
will also be open to contribution from the community. Content curators will be able to create profiles
of places and complete profiles validated by the crawler technology.
Content validators will validate content to ensure the quality of the information in the database.
Content providers will become co-owners of the database and receive delfos everytime their content
is provided through an Oracle request. A reputation layer will be built to ensure that the best content
curators will be rewarded for their efforts. A client app will allow users to interact with the TCR and
input information into the system.
2.5 Map Main Features
2.5.1 Enriched Information System
The enriched information system is an innovative system for organizing information for our mapping
database. Powered by community contributions and our crawler technology, the system organizes the
most relevant places in each city across the world. These profiles allow for personalized searches
and features such as “Show Nearby Places”. Additional scoring factors such as Internet reviews will
be taken into consideration when ranking profiles. The profile of each place will contain information
from relevant sources (TripAdvisor, Facebook, Google Reviews, Wikipedia, Website Meta Description,
Blogs, Photos, News outlets…) in an organized manner as it exists today in the platform. The enriched
layer of information is an essential part of the Gotaki Maps token-curated registry.
> Gotaki > Whitepaper > 2018
2.5.2 OSRM
The Open Source Routing Machine is a system of servers that calculates map routes everytime
an API request is received. Calculations in each server are specialised to a particular mode of
10transportation like cars, walking, bicycles and more. This is the way digital mapping components
like Leaflet, OSM or Google Maps function. The key takeaway is that each time a server calculates
a new route that route is kept stored in the server, which optimises content delivery for API users.
Additional layers of ML are added to compute probabilities of traffic jams, routing issues, changes in
geography and other factors. The data that companies and users input into the token-curated registry
helps the algorithms improve the odds of delivering the best routes at a certain point in time.Public
APIs maintained by governments will also be integrated to provide more accurate data about traffic
patterns and such when launching the test network of Gotaki Maps.
2.5.3 Global Map Layer
The global map layer is provided by OpenStreetMap, an open source map that has been maintained by
the community for more than 10 years now. The layer will feature graphic enhancements to improve
usability and let developers customise the layer to their needs. The map layer will be maintained by
Gotaki and the community.
2.5.4 Map Alpha Features
2.5.4.1 Consumer Mobile App: The Gotaki Maps mobile app will feature the basic set of functions
detailed in the previous sections: route creation, location detection and the enriched information
system. It will be available on major platforms such as iOS and Android, and it will feature an interface
of the TCR (token-curated registry) that will let users upload information onto the platform and
monetise it. A gamification layer will encourage users to provide real-time data about traffic and other
sensitive information for mapping purposes. Offline mapping will be available as well.
2.5.4.2 Crawler Technology: The crawler will function as a content validator within the token-curated
registry. The crawler will review the Enriched Information data set, then it will organize the information
about places available on the Internet and information input by the community.
2.5.4.3 Intelligent Personal Assistant: Gotaki has implemented an alpha version of their IPA called Mitaki.
Mitaki will initially respond to voice queries in English language and expand further to understand
voice queries in Spanish, Chinese and other languages. It will provide a novel way to interact with the
map and facilitate usage of mobility apps.
> Gotaki > Whitepaper > 2018
2.5.4.4 Future Technologies: The team has already planned out the integration of further technologies
to improve the mapping platform beyond the launch of the main net. New features include, but are not
limited to, indoor mapping for indoor navigation, AR navigation in the mobile app, offline geolocation,
Lightning-based data distribution and others.
113. Use Cases
This section presents a selection of use cases for Gotaki Maps. The intent is to showcase the main
usages of the platform and how the mapping ecosystem will operate. The efficiencies introduced
by the blockchain-enabled token economy can unlock millions in savings and scale an open map
without the need of any centralised or third-party company profiteering from users and businesses
data without consent.
3.1 Consumers and Smartphone Users
Consumers worldwide rely on solutions like Google Maps, Baidu Maps or Gaode Maps for their day-
to-day commute and travels. Their data is distributed, analysed and actively monetised. Google Maps
explicitly asks users for feedback on their current location, which is intrusive and feels like a violation
of privacy.
Gotaki Maps intends to reverse the situation and provide control to users to manage their data
according to their preferences. Users will have a mobile client interface to contribute real time
feedback about traffic and the state of the maps. The app will resemble the functionalities of Waze
and provide a real time data feed to the map from users. Consumers will be able to experience
Gotaki’s mapping solution and opt-in to share their data with the network.
Delegate Proof
of Stake
operates create real time updating
data into the App
Update City Status
User App Places
eg: Waze Profiles
Status
delivering
1
> Gotaki > Whitepaper > 2018
Exgange Delfos for
Money to
User Wallet Delfos
2
Use Delfos in The System
12Users will also be able to manually update the profiles of places in the token-curated registry (TCR).
That is, they can provide feedback and data about restaurants, hotels, shopping malls and more. User
contributions will be part of the TCR data set and will be eligible to earn Delfos tokens. A portion of
the income generated by user data will be sent to the respective users’ wallet.
Users in metropolitan cities like Hong Kong, Lagos or Mumbai often have to navigate an intricate,
dynamic cityscape that is hard to keep track of accurately. To make their jobs easier, indoor mapping,
AR navigation and micro-location protocols will be implemented to improve the map interface and
facilitate navigation in complex environments. Through micro-location partners like UNL, users will
be able to pinpoint their home and save the location in their wallets. This is an important step for
ridesharing and e-commerce services as well, which will be discussed in the following sections.
3.2 Autonomous Cars
Autonomous cars is the new frontier of transportation. Major car brands and technology companies
are investing in AI-driven transportation systems to substitute existing trucking, bus and car
ecosystems. According to Intel, the new driverless economy will unlock USD $7 trillion in efficiencies
and economic activity. The key to pushing these new technologies forward is data and sophisticated
sensor applications. The data being picked up by cars, trucks and other vehicles needs to be processed
by algorithms to modify the driving experience accordingly. Subtle changes in traffic patterns and the
state of the roads form a valuable stack of data for mapping purposes.
These car brands and autonomous driving companies realise the value of having that data available
in real-time across the vehicle network. The layer to transport and apply that data is the digital map
being used by the vehicle to navigate the environment.
Store Delfos in 2
the Wallet
Exgange Delfos for
1 Money
Autonomous Cars Upload Data to
> Gotaki > Whitepaper > 2018
Use Delfos in
The System
Send data to other Autonomous Cars
in the same Child Chain
13One of the issues of data sharing is ownership. Car companies don’t want to give away the ownership
of their data but they want the advantages of a mapping system that integrates such data in real
time and spreads it around the network of autonomous cars. By utilizing blockchain technology these
companies will be able to share their data while still claiming ownership of that data. At the same
time, established technologies within the blockchain industry like Plasma child chains and Lightning
facilitate the fast transfer of data across the network. Speed is key to spreading data across the
network of connected vehicles in real-time, and blockchain in the form of Gotaki Maps will do that in
a cost-effective way.
3.3 Logistics, Supply-chain and E-commerce Last-mile Delivery
Last-mile delivery requires precision and swiftness. DHL, Deliveroo or UPS need accurate mapping
data for their deliveries. According to KPMG, in countries like India, last-mile delivery accounts for
50% of e-commerce retail logistics costs. Lack of efficient infrastructure also creates complex traffic
patterns which increase last-mile delivery costs. Swift re-calculation of routes through user-generated
data feeds is necessary to improve efficiency of delivery.
used to make connect with
Consumer App Adquire Delfos API Calls The Oracle
Company to its Wallet
eg: Deliveroo
redirect to a
obtaining delivers data to
be used by
Precise Address Delivery Specific
Customer’s User Child Chain
to Clients
A relevant concern for last-mile delivery in developing nations is the lack of precise address systems.
> Gotaki > Whitepaper > 2018
Currently, Google Maps and other existing services lack the micro-precision necessary to facilitate
delivery and pick-up of goods. New solutions coming up in the market like Mapfit or what3words
solve this issue in a centralised manner. Gotaki Maps has a non-exclusive partnership with UNL,
14a blockchain location protocol run by former TomTom engineers, to tackle this issue. Their grid-
based technology makes it much easier to specify locations on a system that doesn’t have accurate
addresses. Other protocols on the blockchain will be integrated to provide a wider array of options to
enterprise customers.
Through location-based protocols, users can own and rent places, such as their homes, on the map
layer of Gotaki Maps and thus facilitate the access to precise location services for our business
users. Users will be able to claim locations on the map and save them in their wallets. A dispute
resolution system, integrated into the token-curated registry, will let businesses and consumers
reclaim ownership of locations. Once a business needs to access the data for delivery or service
purposes, users will authorise the smart contract to deliver the data of the location. With delfos in
the business wallet, the service provider can then access the Gotaki Maps API and spend delfos
according to the number of API requests needed to deliver the goods or services to the user. The
potential efficiency boost in time and expenses savings can create real impact in the bottom line of
logistics, services and e-commerce providers.
3.4 Ride-Hailing and Ride Sharing Businesses
Established businesses like Tesla spend more than USD $5M per year on digital mapping services
alone. Even for a late-stage startup like Uber, these services remain costly. The pricing issues affect
early-stage startups and developers the most. Complex API structures charge businesses for mobile
device users connected to GPS, API mapping render requests, navigation API requests, commercial
licensing of the mapping service, API transaction per second limitations, etc.
Gotaki Maps intends to leverage it Plasma technology to unlimit the transactions per second and
establish a simple API request pricing. Issues with unexpected surges in API requests will be solved
through a surge protection mechanism. Ridesharing and bike-sharing companies will have access to
their data and will be able to monetise it through the token-curated registry, thus solving the issue of
data licensing contracts. For a company like Uber, the most efficient way to contribute to the Gotaki
Maps ecosystem will be by acquiring a stake in the network and contributing servers to the network.
By bonding TAKI security tokens and providing computing power to the Plasma child chains, the
> Gotaki > Whitepaper > 2018
company will be able to offset the cost of digital mapping because all API requests processed by their
servers will obtain delfos tokens, which can then be spent to make their own API requests.
15Looking at the technical issues for ride-hailing businesses across the world, consistent inaccuracies
in the mapping and geolocation services have been found and reported repeatedly. Such inaccuracies
occasionally leave ride-hailing users helpless. Users in advanced urban ecosystems like San Francisco
still face the issue of incorrect pick-up locations. This is due to the existence of complex urban
environments with high-rise buildings and a hilly geographical environment which limits the ability of
the GPS satellite network. Startups like Uber are actively trying to solve this issue, but with limited
success. The aforementioned phenomena is especially acute in developing countries like Indonesia,
where Go-Jek drivers often rely on asking passersby and local inhabitants for the specifications of
certain locations. The accuracy of mapping solutions such as Google Maps in these countries is
being questioned. A solution is necessary for an industry poised to register global revenues worth
USD $109 billion in 2020.
Gotaki Maps counts on community-run contributions, which will be monetised through the token-
curated registry, and it will participate in bounty campaigns to boost the map reach in upcoming
economies in Asia, Africa and beyond. Future integrations such as offline geolocation and indoor
mapping will improve accuracy of the blockchain mapping network, which will benefit from the speed
and cost-saving nature of the Plasma child chain structure.
Recieve Delfos
Exgange Delfos for money
2
obtain used to provide call the
support to Server
Consumer App Stakes Provide Servers API Calls
Company (Takis) to the System
eg: Uber
1
Recieve Delfos
Use Delfos to Make Calls
> Gotaki > Whitepaper > 2018
3.5 AR Applications
The gaming industry is expected to record earnings over USD $90B in 2020, according to PWC. AR
16and VR are expected to reach a market size of USD $209 billion in 2022. AR has been a strategic
application for mapping since the appearance of games like Pokemon Go. Accurate mapping
solutions are necessary to provide a first-class game experience and avoid the dangerous pitfalls that
came with the success of Pokemon Go. Customisable map layers as well as precise micro-location
protocols facilitate the in-game experience and allow developers to enhance the AR experience.
> Gotaki > Whitepaper > 2018
174. Token Economics
4.1 Dual Token Ecosystem
4.1.1 TAKI Token
The TAKI token is a security token compliant in Switzerland. It functions as an access token connected
to the Delegated Proof-of-Stake system. Businesses and users stake TAKI tokens in order to set up
nodes and data feeds in the network. Thus, demand is incentivized and there is a decrease in velocity
in the TAKI token supply. The TAKI token is designed to capture the value of the network. It has
limited supply and it entitles token holders to a quarterly dividend equal to 5% of profits recorded by
Gotaki Maps GmbH.
4.1.2 Delfos Token
The Delfos token is a utility token with a fixed exchange rate, similar to a stablecoin. It functions as
the liquidity token within the network and has unlimited supply. Network contributors will receive
Delfos tokens as compensation for their data or server contributions. Stakeholders will be able to
exchange the tokens at a fixed rate or spend Delfos tokens in exchange for API requests. Customers
acquire Delfos tokens through selected market makers and exchanges with cryptocurrency or fiat
currency. Selected partners like Aikon will also provide access to the platform with fiat currency to
facilitate universal access without the need to acquire cryptocurrency.
4.2 Token Issuance Model
One of the main problems to overcome is when the token economic model involves the reward of
some stakeholders for securing and participating in the network is the inflationary or deflationary
politics of the tokens
> Gotaki > Whitepaper > 2018
Moreover, when you use staking as a bond to qualify the data released on top of the platform the
topic gets much more important and complex. It creates a trade off between increasing the value of
18the token as long as the stake increases vs not having enough tokens to reward the new participants
of the network
Gotaki Maps decided to implement an algorithmically adjusting token issuance model that depends
on the participation in the network, where participants contribute value and incentives that exist as a
trigger to boost participation.
Gotaki Maps will set a goal on the participation rate of a fixed percentage and the inflation rate is
going to adjust automatically to reach this target, having two scenarios
1. The participation % is less than the target, inflation increases
2. The participation % is superior to the target, then inflation decreases
Participants who stake the token are aligned with the long term incentives of the platform because
they have to wait for weeks or months to have their tokens liquid. Moreover, in PoS protocols they
validate the data and the third party validators who could join the network.
The higher the participation in DPoS the more expensive it is to attack the network, thus increasing
the security of the network. If Gotaki Maps gives the new tokens to the people who are going to stake
proportionally to their bond, this creates a very good incentive to participate.
The previous paragraphs developed our short term vision; the next few paragraphs will discuss our
long-term solution.
One reason it was decided to recreate a dual token economy resembling a stablecoin (besides the
legal aspect) is to have the highest probability of capturing value if the platform is used more. The
reason a stablecoin is valuable is the market cap of the pegged coin, in our case the Delfos. If number
of tokens is increased, the owners of the security token (TAKI) will be able to receive more Delfos,
which can be considered as some kind of dividend that they can use or sell to someone who wants
to use the platform. Giving the best onboarding experience to our buyers is also a possible option,
exchanging the fiat for crypto in the exchange. Owning Gotaki is also a reserve in order to satisfy the
demand of the potential users of the platform.
Gotaki Maps will also implement mechanisms for market makers to arbitrage the value of the Delfos
> Gotaki > Whitepaper > 2018
giving liquidity to our system.
195. Security Token Offering (STO)
5.1 Overview
Gotaki is offering to potential users and future co-owners of the Gotaki mapping platform the right
to pre-purchase TAKI security tokens through an security token offering (STO). Each TAKI token is
a security of Gotaki’s underlying assets and present a chance for investors to participate in Gotaki
Maps’ future growth as detailed in the roadmap.
A private pre-sale will be held from June to September 2018. The goal of the security token offering
is to get strategic investment funds and key business partners on board. Presale participants will
receive a 20% bonus in TAKI tokens.
The TAKI token is based on the decentralized Ethereum smart contract ERC20. TAKI tokens are valid
indefinitely and are non-fungible property of their respective holders. TAKI tokens will be classified as
securities and thus will be equity of the Gotaki mapping platform. An additional layer of governance
will be provided by the Coin Governance System to protect token holders (refer to 7.3. section).
TAKI tokens will be tradeable in trustable security token exchanges. A few select exchanges are
already partnered with our security token issuance platform for direct listing. Listings will be timed
with the launch of the test net of Gotaki Maps to ensure value will be captured by TAKI tokens from
the start. Because TAKI tokens are security tokens, the holding of TAKI tokens bestows holders
rights to a quarterly dividend equal to 5% of quarterly profits.
Gotaki is registered under the laws of Switzerland and Spain. Gotaki’s token securities will be issued
by Gotaki’s corporation in Switzerland, which will hold the blockchain and mapping ecosystem. Both
corporations are subject to a rigorous audit in accordance to Swiss and EU regulations thereby
ensuring total transparency and absolute accountability of all Gotaki activities.
All organization and token generation processes have been prepared in accordance to industry
> Gotaki > Whitepaper > 2018
best practices and legal counsel. Additional security audits will be implemented throughout the STO
preparations and launch.
205.2 Offering Timeline
Private Sale STO
May - Sep 2018 Oct 2018
Token Listing on
Distribution Exchanges
Aug - Sep 2018 2019
Private Sale: May - September 2018
STO: October 2018
Token Distribution: August - September 2018
Listing on Exchanges: 2019
3.3 STO Characteristics
Total supply of tokens: 50,000,000 TAKI
Value of token at offering time: 1€
Pre-sale bonus: 20%
Soft Cap: €1.5M
Hard Cap: €25M
€1.5M
€25M
5.4 Token Distribution
> Gotaki > Whitepaper > 2018
The investors and partners allotment of TAKI is intended to be locked for the first 6 months after the
date of distribution. Gotaki team members allotment will be vested over a period of 24 months. Team
members will receive 25% of their tokens 6 months after the date of distribution, and subsequently
receive 25% every 6 months (graph on the next page).
21Token Distribution Graph
Team & Investors
33.5%
Advisors & Partners
11.0% 5.5%
STO
5.5 Bounty Structure
The bounty program will be launched only if the public STO is launched. It’s a method to increase
virality and distribution of the STO. The exact distribution of tokens will be managed by the STO
organizers and adjusted regularly. Bounty program has been allocated 1% of total issued TAKI.
5.6 Use of Proceeds
Team and Partners
15.0%
Software Development
35.0% Operations and Legal
5.0%
Reserves
> Gotaki > Whitepaper > 2018
20.0%
Marketing and Sales
25.0%
226. Roadmap
2018
Q2
- Alpha release of IPA, voice-controlled smart routing system.
- Security Token Offering (STO) pre-sale.
Q3
- Security Token Offering (STO) main sale.
Q4
- Release of first DELFOS tokens to TAKI tokenholders and discount sale.
- Alpha release of Token-curated Registry (platform for enriched city
information contributors and OSRM nodes).
2019
Q1
- Alpha release of Plasma mapping application on ETH.
- Alpha release of crawler and machine learning system.
Q2
- Beta release of IPA, voice-controlled smart routing system.
- Beta release of Token-curated Registry (platform for enriched
city information contributors and OSRM nodes).
Q3
- Beta release of Plasma mapping application on ETH.
Q4
- Beta release of crawler and machine learning system.
> Gotaki > Whitepaper > 2018
2020
Full release of Plasma mapping application on ETH.
Official release of IPA and ML-based crawler system.
Achieve 5,000 cities in the platform (Enriched City Information)
237. Team
7.1 Advisors
is a blockchain advisor. Alex has years of
Alex Puig
Blockchain Advisor experience implementing and maintaining
blockchain technologies. He is the founder of
Digital Currency summit, Alastria Blockchain
Ecosystem and leads the Technical Team at
Caelum Labs. Caelum Labs will co-develop
the blockchain network.
is a VC and specializes in crypto investing.
Jordi Safont
Finance and Jordi has years of experience investing into
Tokenomics Advisor startups and is a General Partner at Lanzame
Capital SL. Jordi has been an early investor
in many blockchain solutions. He has
invested in projects like, Filecoin, Tezos, 0x
and many more.
works in technology solutions for the travel
Samuel Lacarta
Digital Business Advisor industry. He has worked for Vueling for over
10 years and has extensive experience in the
travel industry as CIO and other roles.
> Gotaki > Whitepaper > 2018
247.2 Blockchain Partners and Customers
Aikon.com
Backed by Consensys Aikon is a
blockchain API marketplace
UNL
Global, decentralized infrastructure that
provides unique digital addresses and
location services using blockchain.
Caelum Labs
Blockchain Development Company led
by our advisor Alex Puig.
Zagg
A custom blockchain to disrupt the Gift
Cards, Benefits, Rewards, and Loyalty
industry.
Vibeo
Instant messaging powered by
blockchain technology.
> Gotaki > Whitepaper > 2018
257.3 STO Partners
ICO Funding
Security Token Offering platform.
Walder Wyss
Renowned legal firm from Switzerland
that helps us navigate the laws and
regulation concerning security tokens.
Coin Governance System
An on-chain coordination mechanism that will align
the interests of STO launchers and token buyers.
> Gotaki > Whitepaper > 2018
267.4 Core Team
Francisco
Otazo
Francisco “Paco” Otazo: Founder and CEO. A graduate from the Founder
Institute with over 10 years of digital marketing experience, Francisco also worked
on developing highly technical maps at Urban Mapping in the San Francisco Bay
Area. Seeing how the data in the industry was used was the formative experience
that led to the creation of Gotaki and Gotaki Maps.
CEO & FOUNDER
Eduard
Jubany Tur
Eduard “Edu” Jubany Tur: Chief Operating Officer. At the young age of 20,
Eduard moved to China to look for new opportunities. Since then, he has applied
himself successfully in more than 25 countries. With over 5 years of experience
in growth hacking and running operations at tech startups such as 500 startups
alumni Kompyte and Findasense, Eduard keeps our operation running smoothly.
COO
Glen
Caliba
Glen Caliba Co-Founder and CTO. Graduating from the first cohort of the
masters in blockchain program at UPC, Glen has consistently and effectively put
his blockchain/software engineering knowledge to use at several major software
companies in Spain, including Softonic. At Gotaki, Glen is the technical manager of
the travel and mapping platforms. An ardent musician, he is one of the few organ
players in all of Barcelona!
CTO & CO-FOUNDER
Juan Cruz
Barrionuevo
Juan Cruz Barrionuevo: Chief Brand Officer. Juan is an accomplished senior graphic
> Gotaki > Whitepaper > 2018
designer and brand strategist who is responsible for everything related to our brand’s
image, feel, and design. A graduate from Argentina’s UADE, he has worked for a
wide range of companies from many countries including government projects and
multinationals like Accenture. He is also an artist, a writer, and a Tai Chi practitioner.
CBO
27María Cajo Rubén
Redondo Alcalde
María Cajo Redondo: Head of Rubén Sebastián Alcalde: Senior Web
Marketing. María is an experienced digital Developer. A UPC graduate, Rubén has
marketing consultant who has dedicated been in the tech field his whole career
more than 8 years to helping companies with previous experience at Ludium Lab
grow their consumer base and online and netfactorial. At Gotaki, he is a full
presence. She’s based in Barcelona and stack web developer who helps create
Her list of clients is numerous. She is also our Internet platform. A creative individual,
the co-founder of PaleoSOP, a community Rubén is passionate about the theater
project for women with infertility caused world and just finished his acting studies
HEAD OF by polycystic ovary syndrome. SENIOR SOFTWARE in June of 2018.
MARKETING ENGINEER
Ignacio Yulia
Montero Bugakova
Ignacio “Nacho” Montero: Senior Yulia Bugakova: Content Project
Web Developer. A graduate of Laguna Manager. A graduate of Tomsk State
de Joatzel, Ignacio studied computer University in Russia, Yulia previously
programming and has worked with worked for Tom-Tom, a location services
several companies in Barcelona and and navigation products company. Her
Madrid as a web developer/programmer. experience made her ideal for this
An adventurous fan of the outdoors, position with our mapping platform.
he is also a fan of extreme sports, like
mountain climbing and snowboarding.
SENIOR SOFTWARE CONTENT PROJECT
ENGINEER MANAGER
Artur Daria
Oliveira Nikonova
Artur Oliveira: Junior UI / UX Designer.
A multi-media studies major from Brazil,
Artur helps compose the user interface/
experience for our two platforms. His
designs pair aesthetic quality with
increased functionality. Artur, an avid
guitarist, also supports the music
industry in Barcelona as a producer.
JUNIOR UI / UX SOCIAL MEDIA
DESIGNER MARKETING TREINEE
Carla Dev Jack Jordan
Coll Thimmisetty Kirk Machita
> Gotaki > Whitepaper > 2018
OPERATIONS & B2B OPERATIONS & B2B OPERATIONS & B2B FINANCIAL
MARKETING TRAINEE MARKETING TRAINEE MARKETING TRAINEE MODELING TRAINEE
28>
Gotaki:
Decentralizing
Mapping Systems
For further information
please contact:
Francisco : francisco.otazo@gotaki.com
Eduard : eduard.jubany@gotaki.com
> Gotaki > Whitepaper > 2018
gotakimaps.com
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