Whitepaper

Version 2.2

May, 2023
table of contents
Introduction
3

1.1. A video game storefront

4

1.2. Gaming Platform

4

1.3. Video games creation tool Creta Studio

5

1.4. Asset Marketplace

6

1.5. Locus Chain

7

1.6. Metaverse
7

1.7. Player-centric gaming economy

8

2. Market Research
10

3. Creta Metaverse Overview

13

3.1. Public Universe

13

3.2. Private Universe

15

4. Creta Studio
17

5. Business Model
19

6. Token Economy
25

7. Roadmap
27

8. Team
28

9. Disclaimer
32

2
Introduction

Creta is the next-generation Web3 gaming platform built on top of the revolutionary
blockchain technology Locus Chain.

The advent and rapid development of the Internet have revolutionized human
interaction, unearthing new mediums and forms of communication unseen before.
Metaverse is the next big step where a user role of content observer and consumer
mutates into a type of behavior, which revolves around active participation in the
creation, production of experiences, possession, and exploitation of assets, and
novel ways of social transactions.

Creta is on a mission to build the technological and social backbone of this digital
transformation, enabling new types of experiences in the medium of video games,
online social interaction, and innovations in the underlying economic behavior.

We think of Creta as the nexus of the following:

A video game storefront with games built in-house and acquired from third
parties that are based on player-centric gaming economies
A gaming platform to rule them all – games, wallets, marketplace,
authentication, leaderboard, etc
A community-friendly game creation tool bootstraps the development of
community-owned games with built-in monetizatio
An asset marketplace provides users with ready-made assets that can be easily
imported into games, created, traded and reused in the metaverse.
A layer-0 blockchain solution Locus Chain provides unlimited scalability and
full decentralization
The metaverse.

3
A Video Game Storefront
The next-generation platform comes with gaming IPs built in-house and acquired from
third-party developers showcased on the video game storefront. Unlike the first
generation of blockchain games that offered limited user experience and lackluster
content, Creta enters the market with two high-quality titles under codenames
Kingdom of The Fire: The Rise and Fortress NFT. We aim to make a difference by
providing user experience on par with AAA-grade games in terms of game design,
graphics, battle systems, player-to-player interaction, and other elements of video
gaming.

An integral part of our market entry strategy is the acquisition of third-party games to
foster a diverse player community in three distinct genres—sci-fi, fantasy, and anima.
Given the current pace of development of Web3 infrastructure, we are confident that
the advent of new tech and rapid expansion of the existing software should make this
process more streamlined and less time-consuming. The game storefront will list
acquired blockchain and non-blockchain games that fit the genre, content, and
economic feasibility criteria.

Gaming Platform
Creta’s gaming platform is a point of entry in the game storefront and adjacent
services.

These services include an internal marketplace, leaderboard, user wallets, an

authentication system, an alert system, and other layers. The platform will provide a
seamless user experience, enabling content discovery and transacting. Extended
platform functionality will feature an SDK for third-party integrations and a game
creation tool for users interested in building games. The core element of the platform
is a launcher, which will be shipped as a desktop client (with a mobile version
released in future updates), providing access to games hosted on Creta’s storefront.

4
Video Games Creation Tool Creta Studio

The explosive growth of game creation engines such as Unity and Unreal Engine has

led to the elimination of barriers for aspiring individuals looking to build their

games. Game creation has arguably never been easier, with outstanding products

shipped by small teams and solo developers amassing millions of dollars in revenue.

Coupled with the outbreak of COVID-19, this has resulted in the expansion of games

released on Steam, the world’s gaming storefront. We believe this trend will persist

as long as game engines become more user-friendly, introducing novel opportunities

for monetization for creators.

Steam games released by Year, 2017–2021

14,000

12,000
11,713

10,000 9,913

8,336
8,000 8,058

6,467
6,000

4,000

2,000

2017 2018 2019 2020 2021

[Figure 1] Source: Steam Games Released by Year (https://gameworldobserver.com/2022/01/24/

more-than-11k-games-released-on-steam-in-2021-with-30-titles-coming-out-daily)

5
Creta Studio is a Web3 software for game developers with a smooth learning curve

and features that leverage blockchain technologies. The software will provide a user-

friendly, click-to-create interface, a high-quality 3D creation module (with embedded

blender and rendering technologies), and an asset store. Creta Studio will be a good

fit for builders of any expertise and walk of life, from beginners starting to dabble in

game development to vetted developers on the hunt for features that go just over the

edge.

Among other features of Creta Studio is native integration with blockchain and

module-based architecture that enables integration with Web3 tools present in the

market. Creta will launch dedicated game development initiatives to educate the

community on building and marketing its products in its ecosystem in time.

Asset Marketplace

Asset marketplace offers thousands of user-generated and built-in NFT art packs that

suit any game setting, genre, and style. Assets are created in Creta Studio and can

be listed on the marketplace, available for purchase and use in-game by the

community. The marketplace will offer flexible customization options, allowing

tweaking all economic parameters of the sale such as tiered and bundled deals,

pricing, processing of transactions, and others. Creta will charge a commission on

each sale, the size of which will be determined along the process of development of

the asset store.

Fresh starters with a knack for game development, indie developers with some

experience, and those who have managed to dip their toes quite deep into the

product development process will find some tangible NFT or non-NFT assets to spice

up their production cycle, making it more time and cost-effective.

6
Locus Chain

One of the elements of Creta’s platform architecture is the blockchain layer served by
permissionless blockchain technology Locus Chain, a distributed ledger built to solve
the performance problems occurring in blockchain networks. Some of the technical
innovations of Locus Chain include verifiable pruning technology, a PoS-based BFT
consensus algorithm, parallel processing of transactions, and many others. Locus
Chain’s architecture provides a solid ground for launching network applications and
has already been tested to successfully run one of the versions of Kingdom Under
Fire in a serverless mode. The mainnet environment of the blockchain is scheduled
for release in 2023.

Unlike other blockchains such as Ethereum, Locus Chain has successfully solved the
issues of scalability and decentralization, which make it a great fit for online games
that historically had stringent requirements for the throughput of the network,
especially those in the MMO quadrant. Gameschain, a sub-product of Locus Chain,
tailored specifically to blockchain video games, will be a default layer-0 solution,
validating the data chunks required for online games to run.

Metaverse

The metaverse in development by Creta is comprised of the Public and Private

worlds.

The Public World encompasses a large-scale virtual space where communication is

orchestrated in real-time with other users into shared hub zones functioning per the
rules defined by Creta and its partners.

7
Private worlds are the zonelets owned and managed by users with an option to

impose custom rules and make decisions in regards to restricting access of outside

visitors, decorating areas, breeding pets, and showcasing the assets acquired

through gameplay or purchased from the marketplaces, and many other activities.

The emergence of tailwinds powered by the proliferation of the creator economy has

contributed to the growth of user-generated content across entertainment platforms

worldwide. As a response to the increased demand for content creation tools and

virtual experiences, in particular, Creta users will have an opportunity to interact in

public and private spaces, building communities, creating or playing games

together, and engaging in other activities aimed at maximizing immersion. Thus, the

key pillars of immersion in the metaverse will revolve around digital twinning

(creating an avatar of a person), attending meetings and events, and going through

shared gaming experiences.

Player-centric Gaming Economy

From the outset of the NFT craze, the proliferation of play-2-earn games has been

exceptional. Reinforced by the boom in cryptocurrencies, this has attracted a hefty

number of individuals seeking easy ways to make a fortune from this trend.

While many of these games enjoyed a first-mover advantage and were praised for

creating short-term value, once the markets got hit hard and their customer bases

started to shrink, the implicate problems rooted in the designs of play-2-earn

economies started to unearth. Out of numerous flaws entrenched in their business

models, a great contingency on the inflow of new players for the continuous

profitability of the old ones is arguably the most acute one. We are certain that the

collapse of these economies bodes well for sustainable game designs with non-

existent barriers to entry for new players. Conversely, this can confine the growth in

the short term but will provide invaluable long-term benefits if games become

sufficiently attractive for mainstream players.

8
Creta has opted for a sustainable economic design of the metaverse with gaming
mechanics built for classic free-to-play users as well as customary play-2-earn and
win-2-earn mechanics for those who seek to capitalize on gaming. Playing all games
on Creta’s platform is free by default with no fees to enter the metaverse. No
Cretarian will be restricted from accessing the content based on their ability to make
a down payment—this is a hard rule we prefer to stick to. Moreover, nonpaying users
can still explore the capitalization opportunities from the game if they choose not to
make an entry fee. For example, they can receive an item via traditional F2P
gameplay and decide to list it on the marketplace. If the interested buyer is found,
the user gets its share from the sale. An elaborate description of the business model
follows in the ensuing sections.

9
2. Market Research

The existing metaverse market structure combines many intertwined Web2 and Web3
solutions that work in concert to enable the seamless functioning of the metaverse.
Given that most of the metaverses are built off the foundation of the cryptocurrency
market, many projects rely on third-party solutions to sustain their operations. These
solutions range from marketplaces such as OpenSea and MagicEden to
decentralized exchanges with automated market makers such as Uniswap and
Chainlink to bring DeFi elements into the landscape of their products.

[Figure 2] Source: Team research, as of Apr 2022.

According to the survey done by McKinsey with a sample of 3,000 consumers from
Asia, Europe, and the United States, around 60% of consumers welcome the
transition of everyday activities in the metaverse. The survey found that people tend
to view connectivity as the primary driver of excitement that is better manifested in
the virtual world compared to similar activities in the physical world. When asked to
define connectivity, many users cited socializing and communicating with important
others as the key thing they anticipate from the nascent immersive digital space.

10
 [Figure 3] Source: Value creation in the metaverse, McKinsey & Company, June 2022

Furthermore, many users expressed thrill in regards to connectivity understood as

entertainment (attending live events, festivals, museums, and seeing movies),
gaming, and shopping. This corresponds to the vision Creta has defined for its own
metaverse as all these activities make up an integral part of digital social experiences
beyond gaming. We have solid plans to enable these activities in our metaverse as
long as brands and other interested parties will continue to turn their heads to the
formation of the metaverse with the development of the relevant technology being
put in motion.

At the first stage of the metaverse development, we have done research into the
landscape of other projects that position themselves as metaverses. As of April 2022,
most of the industry peers include play-2-earn mechanics in their games with an
overall market capitalization of $21bn and $4bn in combined turnover. Most
metaverses live on the Ethereum blockchain with some sort of a tailor-made L2
solution to alleviate the performance issues caused by Ethereum.

11
There is common ground in the projects that position themselves as Web3 gaming
products
Play-2-earn elements used as an acquisition techniqu
Community-led development with decentralized governanc
‘Second life’ elements, fostering social interaction
At launch, income is mainly driven by in-game assets sales and in the long run by
transaction fee
Game portfolios are diversified aiming to gain competitive advantag
Most platforms have inflationary token with no burning mechanis
Most peers target to provide assets interoperability within the platfor
Design of most tokens does not allow value distribution to token holders

[Table 1] Source: team research, Nonfungible.com, dappradar.com, etherscan.io, solscan.io,

CoinMarketCap, team estimations (*as of 30 Apr 2022)

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3. Creta Metaverse Overview

Creta is a metaverse project built from the ground up with an application of the
cutting-edge blockchain technology Locus Chain. The project is aimed to address the
nascent demand for immersion in entertainment industries, with a heavy focus on
gaming.

The metaverse consists of Public and Private Universes distinguished by content,

available activities, earning opportunities, land access rights, and external curation.
Public Universes are by default built and curated by Creta’s team and its partners,
while Private Universes are created and overlooked by the community. These areas
are linked to games built/acquired by Creta and by the community in a way that
enables true ownership of in-game items, that can be placed, traded, exchanged,
and accumulated in Private Universes.

The world of Creta is a multiverse space that expands unlimitedly due to its modular
design, a world in which the Public Universe and Private Space are integrated.

Public Universe

The public Universe is a huge virtual world where communication occurs in real-time
with other users. Each part of the Public Universe has its own unique theme and
setting, and not only is just visually customized and differentiated from other parts
but also provides users with a strong individuality that goes beyond the conventional
individual platform.

This is because the Creta World has a personality that is fundamentally a “multiverse”.
Not only will each universe expand and evolve individually, but also worlds with new
themes will continue to be added. In the long run, it will be possible for the
community to vote for the addition of other worlds to the multiverse. Below is a
template of the Public Universes to be provided initially.

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Near Future: This is a world with themes of modernity, the near future, and science
fiction. It is the central world with good compatibility with familiar genres such as
FPS and car racing, etc., and has an environment and looks of avatars that bear a
close familiarity to users.

Fantasy: If the Near Future world is the most familiar place from a realistic
approach, the Fantasy world will be the most familiar place from a game approach. A
fantasy world in which there are swords and magic, and monsters are actively
roaming around – that is the Fantasy world, with its theme being “medieval”. Users
will mingle with various genres that they are familiar with in games, such as dungeon
RPGs, full-scale strategies, monster hunting action, etc.

14
Animeverse: Animeverse is a place that has quite different charms from the two
previous universes. The Universe 2D sentiments centered around the Japanese
animation-style characters can strongly appeal to users familiar with this subculture. It
will suit casual games with low barriers to entry that are easy to enjoy, and it will also
go very well with non-game cultural content. There are endless possibilities for
various performances and social parties, etc.

In these diverse universes, users can mingle with their friends, enjoy various content,
and foster relationships with people previously unseen thanks to the heightened
immersion. There is a traffic hub in the heart of the world where you can go to other
Public Universes and Private Spaces, and around it lies a city that has numerous
facilities to make traversing the metaverse an effortless experience.

Brands can also prosper from taking part in the activity in Public Spaces. They can
appeal to users by bringing in the advertisement, and launching special projects
along the way. The brands looking for growth in the awareness of their product
offerings can go as far as decorating the interior in the zones rented or owned by
them with an opportunity to host live giveaways, shows, and other fancy events.

Private Universe

Unlike the Public Universe, which is a common space shared by all inhabitants of the
Creta multiverse, Private Space is a restricted area privy to an individual user.

15
Every Cretarian is provided with their own private space in the Creta World.

All management rights of Private Spaces stay with the users who can unleash their
creativity to the fullest, building and managing a place enriched with content
released by Creta and shared by other users. Users can drag assets from the
marketplace or take a leap into creating their own assets in Creta Studio and show it
off in their private zones. Gateway points to other games on the Creta platform can
also be deployed in these areas. Private spaces are restricted to the creators by
design, but can be visited by external individuals on invitation. Creators can impose
custom rules for accessing their Private Spaces by the guests, including an
opportunity to collect entry fees and paywalling a piece of content.

16
4. Creta Studio

Creta Studio is a game production software that enables the user-friendly creation of
video games from initiation to polishing without a requirement of profound
knowledge of coding and software engineering.

The tool caters to builders of any level who value ease of use, privacy, safety, and
implementation of cutting-edge technologies to build out the crystal-clear pipeline of
the gaming assets and Web3 game logic. An extended version of Creta Studio allows
tweaking the low-level parameters of the engine, achieving a high degree of
customization and compliance with custom development environments.

The tool is built in modular design, featuring a click-to-create user interface, which
will be especially praised by the beginning creators who want to dabble in metaverse
game development but feel repulsed by other game development tools and their
features such as scripting. Aspiring game developers will find the monetization
feature especially beneficial. This feature enables building games with built-in
monetization options, allowing revenue accumulation from the moment of launching
the game and deploying it in the Private Space.

Creta will spearhead the initiative to curb the learning curve of its creation tool by
releasing the development documentation, growing the community of ambassadors,
and launching the L&D initiatives with prominent speakers.

Creta Studio encapsulates a part of its codebase into native functions, enabling game
creation by dragging assets and juggling lego blocks containing procedural logic.
The software can be run in one of the five modes depending on the goal of the user
and their familiarity with computer science and game development.

17
Player Mode: A basic mode available for all Cretarians by default. It includes some
of the basic editing functions related to avatar customization and decoration of the
player zone. Full-fledged game creation and profound alterations to the player zone
are impossible.

Beginner Mode: Basic production mode that goes beyond plain editing and
customization of assets. It allows enhanced decoration of user avatars and houses,
such as in-depth avatar customizing, full-fledged digital twining, complex
modification of objects in the player zone, and other features.

Advanced Mode: This mode adds the ability to import and edit UGC in addition to
the free and paid assets pool provided by Creta. In this mode, users can finally
create simple games with basic what-if logic.

Expert Mode: This mode extends the software with full-scale and professional
engine-related functions, such as map editors. Interfaces to Web3 tools are unlocked
as well as game monetization logic.

Master Mode: This is the mode for creators who want to exploit Creta Studio to its
fullest. It is possible to access and tweak low-level data at the engine level, and even
modify and add custom functions, hence the creation of high-quality games becomes
possible.

18
5. Business Model

The emergence of blockchain-driven gaming models has unlocked numerous

possibilities to enhance the run-off-the-mill gaming experience. The vital driver of that
movement so far has been play-2-earn games that reward players for spending time
in the game, fostered by liquidity providers such as cryptocurrency exchanges (for
fungible governance tokens) and NFT marketplaces (for non-fungible tokens).
Stacking pools have been another important provider of liquidity incentivizing users
to freeze their tokens in quest of additional capital gains, although their practical
application to the metaverse so far has been dubious.

Active development of the ERC721 standard has enabled ownership of in-game

assets. However, there are concerns regarding the applicability of ERC721 and
similar standards that have emerged for other blockchains to the video games’
codebases, especially when games have different engines and interoperability
between items is required. However, it is possible to enable ownership of in-game
assets for users within the domain of a metaverse when the games share the same
engines and, in general, are produced by the same developer.

[Figure 4] Creta is positioned to combine the best of traditional and crypto gaming

19
As has been outlined earlier, the business model of Creta will offer no barriers to
entry for new users. Every Cretarian will have a chance to engage with the metaverse
similarly to how they engage with free-to-play games. Play-2-earn and win-2-earn
activities are available in the metaverse, but they are customary and can be explored
by users who are motivated by the desire to profit from gaming. At the same time,
users who have not paid the ‘entry fee’ still have a chance to accrue value via
traditional free-to-play gameplay.

[Figure 5] Economically sustainable metaverse

At least two currency types circulate in the Creta’s economy:

Creta Point, in-game virtual currency, used for game play within the games &
metavers
Creta Token, cryptocurrency used for minting NFT, trading NFT, purchasing
tradable items

Creta Point is a virtual currency, which enables users to take part in the content built
by Creta such as the games and the metaverse. The application of Creta Token lies in
the domain of NFT operations and tradable items.

20
 [Figure 6] Token flows

Users can access the metaverse and its content for free and enjoy the games.
However, there is a certain degree of gatekeeping in regards to in-game activities
that offer opportunities to earn for both paying and nonpaying users.

Nonpaying users have a chance to earn rewards that can be swapped for Creta Point
from play-2-earn gameplay through PVE and P2P activities. One of the manifestations
of this system is a bounty hunting platform featuring custom quests, rewarding users
with sellable items on successful completion of in-game quests.

Creta will foster user engagement through in-game events, tournaments, and other
activities aimed at growing retention similarly to the way customer engagement is
handled by free-to-play games. The key distinction from traditional free-to-play
gameplay is that users can extract value from listing the acquired items on the
internal marketplace, questing, and taking part in contests. These monetization
mechanics will be available for all creators who build games via Creta Studio by
default.

21
The extension of earning opportunities for paying users is found in the application of
win-to-earn and pay-to-play activities that enrich the gaming experience with access to
new content and mechanics that unlock additional competition trajectories with other
players.

Some of the win-to-earn activities that can be included in the games:

Balanced e-sports tournament

Users bet Creta Points instead of ranking points to receive the opponent’s bet
(less platform cut) in case of victor
Qualifying stage of PvE
Players fighting for the prize at PvP competition

Ratin
Players are given time to gain rating points through PvE activity, after which an
overall rating is formed based on the total point
Rewards are distributed according to the top players based on the player position

Draf
Players pay the participation fee, and receive a limited number of lives to
complete several PvP
Each victory above the number of lives increases the size of the prize, each
defeat reduces i
The mechanics seeks to organize battles with equal rivals based on the win/loss
ratio

Battle pas
Paid and free
Free battle pass allows exchanging in-game time for non-unique
Paid battle pass allows competing for a share of the prize pool and rare game
valuables

22
 [Figure 7] Platform user flow

The blend of play-2-earn, win-2-earn, and pay-2-play models fosters benefits for
stakeholders from the whole spectrum — mainstream gamers, short-term profit-
seekers, and crypto enthusiasts with long-term product-centric mindset. The roadmap
underpinning the release schedule of in-game activities in each of these models is
currently under development.

[Figure 8] Opportunities for the entire spectrum

23
The major revenue streams for Creta revolve around taking a publishing commission
from the cash flow from games, transaction fees on the internal marketplace, and
revenue share from win-2-earn activities. There are other revenue streams that could
be explored in the course of the development of the project.

24
6. Token Economy

A total of 10,000,000,000 $CRETA tokens will be issued and distributed in the

following proportions as shown in Figure 10 of the document. In the first iteration,
the overall supply will be issued on the Polygon L2 blockchain solution and will be
swapped to $CRETA on Locus Chain in the second iteration via a bridge service
once the Locus Chain’s mainnet goes live by the end of 2022.

Treasury & Reserves

20%

Contributors
30%

Advisors & Partners

10%

Founding team
12.5%

Business Incentive Marketing Promotion

20% 7.5%

[Figure 10] Token Allocation

25
A vesting schedule is outlined below with cliffs for the leadership team and advisory
board.

Founder & Team: Lock-up period of 8 years

Advisors & Partners: Lock-up period of 2~4 years

26
7. Roadmap

Below is the roadmap outlining the priority of activities underpinning the

development of Creta’s metaverse. It is subject to change based on community
feedback and market conditions.

[Figure 12] Roadmap

The roadmap is built for four years and covers activities to develop and scale the
Web3 gaming platform that will be competitive and sustainable long-term regardless
of the cryptocurrency market conditions. It includes a consecutive release of NFT
video games such as Kingdom Under Fire and Fortress NFT and the timely roll-out of
the features, instrumental in the acquisition and engagement of players within the
ecosystem of Creta products.

27
8. Team

Creta's team consists of veterans in both the gaming and blockchain industries. Over
20 years long career, the team has developed numerous world-acclaimed games,
custom game engines, and network solutions of the highest performance.

28
 Ray Eiichiro Nakazato is the Chief Creative Officer at Creta.

His role at Creta is overseeing the line-ups and the business

development with the Global Studios.

He started his career in the gaming industry as a programmer

in 1985 and had served as the Producer in global game
publishers such as Microsoft, Capcom, THQ, and EA. He has
produced “Lost Odyssey”, “Blue Dragon”, “Evil Within”, “Red
Dead Revolver”, “Ninety Nine Nights,” “Maximo”, “Relics”,
and so on.

He has a very special career path in the gaming industry since

he has been one of the very few Chief Producers respected
both in Japan and in the USA.

Ray Eiichiro Nakazato

Arben Kane supervises the Blockchain Economy of Creta as

Chief Strategy Officer.

He holds four US patents in interactive video viewing and

media data processing. Arben is serving currently as the CEO
of “Kontur” based in the USA, which is specialized in
Geospatial Data and real-time Risk Management. He has
helped Blockchain Project “IOTA”, “Badger DAO”, “Assembly”,
and “Recycle GO” as an advisor.

He is currently supporting the “Locus Chain”, the infra Layer 1

Blockchain of Creta.

Arbane Kane

29
 Hyungoo Lee is supervising the development of the Creta
Project and he is in charge of the architect design of the
overall platform including the NFT, Multiverse.

He started his career as Game Programmer in 1997 and been

served for JC Entertainment, Jamie System, and Blueside as
CTO and Lead Programmer.

He has developed the most scalable Layer 1 Blockchain Project

“Locus Chain” as the chief project manager.

He has much experience in supervising a few hundred

developers as the Technical Producer in the gaming industry
for over 2 decades.

Hyungoo Lee

Joohyung Jang is the head design director of Creta. He is

overseeing the Monetization Model of Creta as the Head
Director.

He has designed the Monetization Model of PC MMOG

“Lineage” as Design Director and produced MMOG “Aion” as
the Producer at NCsoft.

The cumulate sales of both “Lineage” and “Aion” have

surpassed USD 1 Billion. Especially Lineage franchise has
generated around 8 Billion USD revenue for 21 years.

He is a seasoned veteran, who is specialized in the

monetization and Economy of MMO RPGs.

Joohyung Jang

30
 Kay (Seokho) Yoon, is the Chief Producer of “Fortress
NFT”(working title) of Creta.

He founded CCR and has been serving as CEO of CCR,

which is an affiliate company of CRETA. CCR is the developer
of the Casual Strategy Game “Fortress”, which has over 24
Million paying users, and the MMORPG “RF Online, which is
now in service in 50+ countries.

He is the first generation game developer in Korea and he has

produced Fortress and RF Online as the Executive Producer.

Kay Yoon

Alekxandr Harutyunyan is the Chief Advisor and the

committee director of the Creta Project.

Alekxandr Harutyunyan has served Innova Distribution since

2010, which is the first MMOG publisher in Russia and
Europe. He is now taking care of Innova Distribution as CEO.
He has a bachelor's degree in Computer Science and MBA
from Cambridge University.

Alekxandr Harutyunyan has raised the company value of

Innova to EUR 109.8 Million. Innova is the service partner of
Global Top 10 MMO RPG including “Raganarok Online”, and
“Lineage Franchise” in Europe.

Alekxandr Harutyunyan

31
9. Disclaimer

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Whitepaper (“Tokens”). The Tokens are not intended to be, and do not purport to be
regarded as securities or investment products or any other form of similar regulated
products in any jurisdiction in which the Tokens may be sold, traded, or issued in.
Please note that while the Platform sets aside certain loyalty rewards to incentivise the
growth of the Platform’s user base, holders of Tokens are not entitled to participate in
the profits earned by the Company.

The information herein may not be exhaustive and does not imply any element of a
contractual relationship. There is no assurance as to the accuracy or completeness of
such information and no representation, warranty or undertaking is or purported to
be provided as to the accuracy or completeness of such information. Where the
Whitepaper or the Website includes information that has been obtained from third
party sources, we have not independently verified the accuracy or completion of
such information. Further, you acknowledge that circumstances may change and that
the Whitepaper or the Website may become outdated as a result; and we are under
no obligation to update or correct this document in connection therewith.

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Token Documentation

Nothing in the Whitepaper or the Website constitutes any offer to sell any Tokens nor
shall it or any part of it nor the fact of its presentation form the basis of, or be relied
upon in connection with, any contract or investment decision. Nothing contained in
the Whitepaper or the Website is or may be relied upon as a promise, representation
or undertaking as to the future performance of the Platform or any of the Tokens. The
information set out in the Whitepaper and the Website is for community discussion
only and is not legally binding. No person is bound to enter into any contract or
binding legal commitment in relation to the acquisition of any of the Tokens, and no
virtual currency or other form of payment is to be accepted on the basis of the
Whitepaper or the Website. Any agreement for sale and purchase of any Tokens, or
the usage of our services, shall be governed by separate sets of terms and
conditions, which shall be separately provided to you or made available when you
transact with us or on the Platform.

Deemed Representations and Warranties

By accessing the Whitepaper or the Website (or any part thereof), you shall be
deemed to represent and warrant to us as follows: (a) In any decision to purchase
any Tokens, you shall not rely on any statement set out in the Whitepaper or the
Website. (b) You will and shall at your own expense ensure compliance with all laws,
regulatory requirements and restrictions applicable to you (as the case may be). (c)
You acknowledge, understand and agree that the Tokens may have no value, there is
no guarantee or representation of value or liquidity for Tokens, and Tokens is not an
investment product including for any speculative investment. (d) We shall not be
responsible for or liable for the value of the Tokens, the transferability and/or
liquidity of Tokens and/or the availability of any market for Tokens through third
parties or otherwise. (e) You acknowledge, understand and agree that you may not
be eligible to purchase any Tokens if you are a citizen, national, resident (tax or
otherwise), domiciliary and/or green card holder of a geographic area or country (i)
where it is likely that the sale of Tokens would be construed as the sale of a security
(howsoever named), financial service or investment product and/or (ii) where
participation in token sales is prohibited by applicable law, decree, regulation, treaty,
or administrative act; and to this effect you agree to provide all such identity
verification documents when requested in order for the relevant checks to be carried
out.

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We do not and do not purport to make, and hereby disclaims, all representations,
warranties or undertaking to any entity or person (including without limitation
warranties as to the accuracy, completeness, timeliness or reliability of the contents of
the Whitepaper or the Website, or any other materials published by us). To the
maximum extent permitted by law, we shall not be liable for any indirect, special,
incidental, consequential or other losses of any kind, in tort, contract or otherwise
(including, without limitation, any liability arising from default or negligence on the
part of any of them, or any loss of revenue, income or profits, and loss of use or
data) arising from the use of the Whitepaper or the Website, or any other materials
published, or its contents (including without limitation any errors or omissions) or
otherwise arising in connection with the same. Prospective purchasers of Tokens
should carefully consider and evaluate all risks and uncertainties (including financial
and legal risks and uncertainties) associated with the Tokens or its issuing entities.

Informational purposes only

The information set out herein is only conceptual, and describes the future
development goals for the Platform. Please do not rely on this information in making
purchasing decisions because ultimately, the development, release, and timing of any
products, features or functionality remains uncertain, and is subject to change for any
reason. Further, the Whitepaper or the Website may be amended or replaced from
time to time. There are no obligations to update the Whitepaper or the Website, or to
provide recipients with access to any information beyond what is provided herein.

Regulatory approval

No regulatory authority has examined or approved, whether formally or informally, of

any of the information set out in the Whitepaper or the Website. No such action or
assurance has been or will be taken under the laws, regulatory requirements or rules
of any jurisdiction. The publication, distribution or dissemination of the Whitepaper
or the Website in any jurisdiction or language does not imply that the applicable
laws, regulatory requirements or rules have been complied with.

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Cautionary note on forward-looking statements

All statements contained herein, statements made in press releases or in any place
accessible by the public and oral statements that may be made by us may constitute
forward-looking statements (including statements regarding intent, belief or current
expectations with respect to market conditions, business strategy and plans, financial
condition, specific provisions and risk management practices). You are cautioned not
to place undue reliance on these forward-looking statements given that these
statements involve known and unknown risks, uncertainties and other factors that may
cause the actual future results to be materially different from that described by such
forward-looking statements, and no independent third party has reviewed the
reasonableness of any such statements or assumptions. We expressly disclaim any
responsibility (whether express or implied) to release any revisions to these forward-
looking statements to reflect events after such date.

References to companies and platforms

The use of any company and/or platform names or trademarks herein does not imply
any affiliation with, or endorsement by, any third party. References in the Whitepaper
or the Website to specific companies and platforms are for illustrative purposes only.

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