BlockCDN WhitePaper

Let's examine some attributes and functions of JEE container applications in detail.

The crowdfunding provisions

A、The final circulation of BCDN is based on the total confirmed number and 50% of total crowdfunding number, among which 50% of crowdfunding number of BCDN is used for reward for participants who join in sharing nodes within 3 years of launch of program.BCDN is issued by the means of mining. The mining is issued according to the number of uploading traffic on the node. The number of BCDN is neither increased or decreased.It is the constant number that join in the circulation of CDN trade.
B、The organization of 'Token' contract.The contract is compiled with Solidity(Reitwiessner and Wood [2015]).Each contract includes variables and Functions. So the outsiders can visit the website by the means of sending transaction to Ethernet network with the contract address of BCDN being the Receptor and method ID (parameter is optional)being data. The ETH is directly sent to the specified address to finish crowdfunding.
C、According to time variable, the contract doesn’t set up the total crowfunding of BCDN but only set the total crowfunding time as 28 days.The BCDN number got from crowfunding can be changeable according to rules so as to encourage the earlier Investor.The specific rules are as follows:

The first week and The second week:1ETH=100BCDN,
The first two days:1ETH=100*95%BCDN,
The second two days:1ETH=100*95%*95%BCDN.
The third two days:1ETH=100*95%*95%*95%BCDN;
The fourth two days:1ETH=100*95%*95%*95%*95%BCDN;
The fifth two days:1ETH=100*95%*95%*95%*95%*95%BCDN;
The sixth two days:1ETH=100*95%*95%*95%*95%*95%*95%BCDN;
The seventh two days:1ETH=100*95%*95%*95%*95%*95%*95%*95%BCDN.
D、The promotition incentives.Pepole who recommends member to crowdfunding can get 5% of the total crowdfunding of BCDN as a reward that wll be sent to the wallet of Refence after finishing crowdfunding.
E、All the BCDN holders can be rewarded with 40% of the total revenue of BlockCDN that will be sent to the wallet of holders according to total number. But the minimum reward will be greater or equal to 1ETH.The minimum reward that is less than 1ETH will be extended to next time in accumulation. If the remaining 60% is used as expendure for CDN technology innovation, team maintainance, platform maintainance and undating.
F、Cooling-off period of investment is set during 28days of crowdfuding. Any investors who want to withdraw can sent BCDN to specified wallet. And BlockCDN retfund investment money according to 1ETH=100BCDN.
G、If the total volume of crowdfuding is less than 150 thousand ETH,it will be regarded as a failure. All received ETH will be returned to investor and the token will be Invalid and the whole promotion incentives of members will be cancelled.

The Investment Risks

The Creation of BlockCDN tokens carries with it significant risk. Prior to Creating BlockCDN tokens, carefully consider the exemplary and non-exhaustive list of risks set forth below and, to the extent necessary, consult a lawyer, accountant, and/or tax professionals prior to Creating BlockCDN tokens.
1. Risk of Security Weaknesses in The BlockCDN’s Software The BlockCDN concept is both experimental in nature and unproven. There is a risk that, as an open source project, any contributor to The BlockCDN’s software could introduce weaknesses or bugs into the BlockCDN software, causing the loss of BlockCDN tokens or ETH in one or more or even all of the BlockCDN Token Holder’s accounts.
2. Risk of Weakness in the BlockCDN underlying blockchain, and/or Ethereum Network The BlockCDN software is itself based on an unproven platform: the Ethereum blockchain. There is a risk that, as an open source project, any contributor to the Ethereum blockchain could introduce weaknesses or bugs into the Ethereum software, causing the loss of BlockCDN tokens or ETH in one or more or even all of the BlockCDN Token Holder’s accounts.
3. Risk of unforeseen attack vectors The field of Digital Cryptography is very new and for this reason, there is a risk of unforeseen attack both in terms of the underlying cryptographic protocol that back the functioning of the BlockCDN as well as 'game theory' related vectors which have not been documented to date. Both these vectors represent a risk that could lead the loss of BlockCDN tokens or ETH in one or more or even all of the BlockCDN Token Holder’s accounts.
4. Regulatory risks Blockchain technology and Ethereum are allowing new forms of interactions between individuals and/or companies, some of them are still to be imagined and implemented. Like with the appearance of cryptocurrencies such as Bitcoin, it is very likely that specific regulations will be set in different jurisdictions targeting blockchain technology and more specifically BlockCDNs. These regulations may or may not be BlockCDN friendly and some might even forbid any relationships between an individual or company and a BlockCDN.

Taxation

No party involved with the Creation of The BlockCDN makes any representations concerning the tax implications of the Creation of BlockCDN tokens or the possession or use of BlockCDN tokens. You bear the sole responsibility to determine if the Creation of BlockCDN tokens or the potential appreciation or depreciation in the value of BlockCDN tokens over time has tax implications for you in your home jurisdiction.
You Create BlockCDN tokens with your own actions. To the extent permitted by law, Third Parties or Individuals associated with the Creation of The BlockCDN are not liable for any tax liability associated with or arising from the Creation of BlockCDN tokens.

Forward looking statements

This document contains statements that are, or may be deemed to be, “forward looking statements” which are prospective in nature. These forward looking statements may be identified by the use of forward looking terminology, or the negative thereof such as “outlook”, "plans", "expects" or "does not expect", "is expected", "continues", "assumes", "is subject to", "budget", "scheduled", "estimates", "aims", "forecasts", "risks", "intends", "positioned", "predicts", "anticipates" or "does not anticipate", or "believes", or variations of such words or comparable terminology and phrases or statements that certain actions, events or results "may", "could", "should", “shall”, "would", "might" or "will" be taken, occur or be achieved. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Forward-looking statements are not based on historical facts, but rather on current predictions, expectations, beliefs, opinions, plans, objectives, goals, intentions and projections about future events, results of operations, prospects, financial condition and discussions of strategy. By their nature, forward looking statements involve known and unknown risks and uncertainties, many of which are beyond anyone's control.
Forward looking statements are not guarantees of future performance and may and often do differ materially from actual results. Important factors that could cause these uncertainties include, but are not limited to, those discussed in the “Risks and uncertainties” of this document. None of the third parties provide any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements in this document will actually occur. You are cautioned not to place undue reliance on these forward-looking statements which only speak as of the date of this document. All third parties involved with the BlockCDN Creation and their affiliates expressly disclaim any intention, obligation or undertaking to update or revise any forward looking statements, whether as a result of new information, future events or otherwise. The making of this document does not constitute a recommendation regarding any securities.

Disclaimer of Warranties

THE USER EXPRESSLY AGREES THAT THE USER IS CREATING BlockCDN TOKENS AT THE USER’S SOLE RISK AND THAT BlockCDN TOKENS ARE CREATED ON AN "AS IS" BASIS WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESSED OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, WARRANTIES OF TITLE OR IMPLIED WARRANTIES, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE (EXCEPT ONLY TO THE EXTENT PROHIBITED UNDER APPLICABLE LAW WITH ANY LEGALLY REQUIRED WARRANTY PERIOD TO THE SHORTER OF THIRTY DAYS FROM FIRST USE OR THE MINIMUM PERIOD REQUIRED).
WITHOUT LIMITING THE FOREGOING, NONE OF THIRD PARTIES OR INDIVIDUALS ASSOCIATED WITH THE BlockCDN CREATION WARRANT THAT THE PROCESS FOR PURCHASING BlockCDN TOKENS WILL BE UNINTERRUPTED OR ERROR-FREE.

Limitations Waiver of Liability

YOU ACKNOWLEDGE AND AGREE THAT, TO THE FULLEST EXTENT PERMITTED BY ANY APPLICABLE LAW, YOU WILL NOT HOLD THIRD PARTIES OR INDIVIDUALS ASSOCIATED WITH THE BlockCDN CREATION LIABLE FOR ANY AND ALL DAMAGES OR INJURY WHATSOEVER CAUSED BY OR RELATED TO USE OF, OR INABILITY TO USE, BlockCDN TOKENS OR THE BlockCDN PLATFORM UNDER ANY CAUSE OR ACTION WHATSOEVER OF ANY KIND IN ANY JURISDICTION, INCLUDING, WITHOUT LIMITATION, ACTIONS FOR BREACH OF WARRANTY, BREACH OF CONTRACT OR TORT (INCLUDING NEGLIGENCE) AND THAT NONE OF THE THIRD PARTIES OR INDIVIDUALS ASSOCIATED WITH THE BlockCDN CREATION SHALL BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY OR CONSEQUENTIAL DAMAGES, INCLUDING FOR LOSS OF PROFITS, GOODWILL OR DATA, IN ANY WAY WHATSOEVER ARISING OUT OF THE USE OF, OR INABILITY TO USE, OR CREATION OF, OR INABILITY TO CREATE, BlockCDN TOKENS.
YOU FURTHER SPECIFICALLY ACKNOWLEDGE THAT THE THIRD PARTIES OR INDIVIDUALS ASSOCIATED WITH THE BlockCDN CREATION ARE NOT LIABLE, AND YOU AGREE NOT TO SEEK TO HOLD ANY OF THE THIRD PARTIES OR INDIVIDUALS ASSOCIATED WITH THE BlockCDN CREATION LIABLE, FOR THE CONDUCT OF THIRD PARTIES, INCLUDING OTHER CREATORS OF BlockCDN TOKENS, AND THAT THE RISK OF CREATING AND USING BlockCDN TOKENS RESTS ENTIRELY WITH YOU.
Video.js