Leading Artificial Intelligence software company ORS GROUP is connecting A.I. and Blockchain through their new product, the Hypersmart Contracts (“HSC”), to provide access to more than 1,000 proprietary algorithms and hundreds of software solutions to the Crypto Community and to established businesses. We envision a planetary network of entrepreneurs and independent companies empowered by the new digital alphabet: ABC – Artificial Intelligence, Blockchain, Cryptocurrency.
The ORS Tokenomics in a nutshell
Business Value Chain
Business Value Chain
The ORS Token (the ‘ORS’) is an Ethereum based utility token compliant with the ERC20 standard. It is the means of transacting within the ORS Platform and it will incentivize businesses and the Crypto Community to join the Platform for both buying and selling HSC, Algos and other digital assets. The ORS will also help developers and scientists worldwide monetise their talent and knowledge.
Buying standard and custom-made HSC
Buying and using A.I.-based HSC to develop highly compelling and competitive business models; selling and monetizing own algorithms
Buying A.I.-based HSC for optimizing all flows (goods/services; information; payments) of key processes of their value chains
Buying A.I.-based HSC for differentiating own blockchain / Ethereum projects; selling innovative projects to Fortune 2000 companies
The well established ORS GROUP ‘RAMS 4.0’ platform shall constitute the core of the ORS SA Platform for making Hypersmart Contracts, Algorithms and other digital assets available to businesses and to the Crypto Community
The ORS Utility Token (the “ORS”) is an Ethereum-based token compliant with the ERC20 standard. The ORS is used for buying and selling Hypersmart Contracts, Algorithms and other digital assets on the ORS Platform & Marketplace (the “Platform”) – please carefully read the Whitepaper for more details. In simple terms, the Platform will offer holders of ORS access to ORS’ innovative offering – Hypersmart Contracts, as well as Algorithms and Algorithm-based software solutions.
A Hypersmart Contract (“HSC”) is a newly developed software with an associated Ethereum account. The HSC connects so called Hypersmart Algorithms (A.I., Big Data Analytics and Machine Learning) with the decentralized storage capability of blockchain, for the purpose of optimizing business processes (the flow of goods/services and of information/documents), as well as for automatically releasing payments when executing complex transactions – for example in supply chains. For a more detailed explanation of the Hypersmart Contracts, as well as of the proposed use cases, please read our Whitepaper.
Resources collected during the ORS Token Sale will be used to fund the development of ORS and distribution of Hypersmart Contracts and other digital assets as well as the Platform. The resources shall also be used to finance operations, HR, sales and marketing expenses, G&A and all necessary investments at ORS SA. The use of proceeds from the ORS Token Sale is budgeted as follows:
65% - development expenses (Hypersmart Contracts, Marketplace & Platform), including HR;
15% - G&A and Legal;
15% - Marketing & Distribution;
5% - Investments (hosting, etc.);
ORS can only be used on the ORS Platform.
No additional ORS will be created after the end of the Main Token Sale.
ORS SA is a Swiss company and a part of ORS GROUP (www.ors.ai), which is a network of software companies developing and selling cross-industry solutions for optimizing and automating business processes using proprietary A.I., Machine Learning and Big Data Analytics algorithms. The origin of ORS GROUP is in Italy, at O.R.S. Srl founded by Prof. Pierluigi Riva, a visionary expert in operational research.
We at ORS GROUP are a team of IT-developers, mathematicians, statisticians, economists, econometricians, physicists and specialists in several fields of applied science. We have a global presence with offices in several countries.
Companies of ORS GROUP shall develop for ORS SA all Hypersmart Contracts and the Platform, as well as make available the vast portfolio of Algorithms and Algo-based optimization software solutions on the Platform. In addition, ORS SA is currently recruiting blockchain and Ethereum software developers as well as dedicated project managers. ORS SA will take advantage of the ORS GROUP’s existing products and customer base to significantly accelerate its time to market.
All development activities have already been started, as ORS GROUP has more than 100 people (scientists and IT developers) used to develop and deliver highly complex software solutions to very demanding customers. Over time all existing algorithms and solutions of ORS GROUP will be “turned” into a Hypersmart Contract version, so that established businesses, blockchain developers, crypto entrepreneurs, scientists worldwide and many other potential buyers will be able to use advanced mathematical logic for their own projects and value chains. The community of the ORS Buyers will be kept informed on a regular basis about the advancement of this project. They are also more than welcome to visit us to understand how we can work together and help them with their own ventures.
83,333,333 ORS are kept in reserve for the ORS management team, developers and employees.
The ORS will be created by using the Ethereum Token Standard - ERC20.
A smart contract is a decentralized application that facilitates financial exchanges for services. Smart contracts are also known as self-executing contracts. You can read more about smart contracts here
A distributed ledger (DLT) is a record of information, or database, that is shared across a network. It may be an open, publicly accessible database or access may be restricted to a specified group of users. From a technical perspective it can be used, for example, to record transactions across different locations. The technology that makes this possible is often referred to as “blockchain”. The name comes from the fact that some DLT solutions store all individual transactions in groups, or blocks, which are attached to each other in chronological order to create a long chain. This long chain is put together using a mathematical formula – complex cryptography – which ensures the security and integrity of the data. This chain then forms a register of transactions that its users consider to be the official record.
For a more detailed explanation please have a look here
Ethereum uses a complex data structure called a Merkle Patricia Tree to store a tree of program states, allowing for quick modification and verification of the various states required to execute an ICO. Instead of only containing a transaction ledger, the Ethereum blockchain’s multiple program states allow for the execution of smart contracts that automatically calculate the amount of funds collected, verify and confirm transactions, and distribute new tokens upon the completion of the crowdsale.
The ERC20 token standard is a set of requirements that govern how new cryptographic tokens can be launched on top of the Ethereum blockchain. Similar to how the HTTP protocol defines the internet, ERC20 is a protocol that defines a set of commands describing how a token should be implemented. The ERC20 is not a technology, software, or piece of code; instead it is a technical specification. If a token implements such specification, it is an ERC20 token. For a more detailed explanation please have a look here.
Supply and Demand have a major role in determining the future price of the ORS.
No, all the ORS are pre-mined.
ORS SA, the company responsible for the creation of the ORS Platform, all the Hypersmart Contracts and the ORS Token is a public limited corporation located in Lugano, Switzerland.
The ORS does not have the legal qualification of a security, since it does not give any rights to dividends or interests. The sale of ORS is final and non-refundable. ORS are not shares and do not give any right to participate to the general meeting of ORS SA and/or of companies belonging to the ORS GROUP. ORS cannot have a performance or a value outside the ORS Platform. ORS shall therefore not be used or purchased for speculative or investment purposes. The purchaser of ORS must be aware that national securities laws, which ensure that investors are sold investments that include all the proper disclosures and are subject to regulatory scrutiny for the investors' protection, are not applicable. Anyone purchasing ORS expressly acknowledges and represents that she/he has carefully reviewed the Whitepaper available here and fully understands the risks, costs and benefits associated with the purchase of ORS.
The purchaser of ORS undertakes that she/he understands and has significant experience in cryptocurrencies, blockchain technologies and services, and that she/he fully understands the risks associated with crowdsales as well as the mechanisms related to the use of cryptocurrencies (incl. storage). ORS SA shall not be responsible for any loss of ORS or situations making it impossible to access the ORS Tokens, which may result from any actions or omissions of the user or any person undertaking to acquire the ORS, as well as in case of hacker attacks.
KPMG, Switzerland is the legal advisor for the ORS Token Sale and were responsible for the incorporation of the ORS SA legal entity.
At ORS GROUP we have an established tradition of transparency and accountability standards towards all stakeholders and this includes regular reporting, audited financial statements, ISO certification and the likes.
ORS SA is clearly committed to the same standards towards its stakeholders, firstly towards the buyers of our tokens (the “Contributors”). Contributors shall be kept informed about the use of proceeds from the Token sale and on the stages of development of the planned activities of the Company through formal Business Reports at the end of each fiscal year.