ORBITS NETWORK

The Orbits Network is Grabity`s decentralized main net that draws a truly distributed P2P network by utilizing all idle computer resources that are wired/wirelessly connect. Transactions from Orbits Network are managed efficiently through Genesis Hoisting technology, which can process transactions simultaneously and quickly. In addition, Smart Contracts and Resource Files can be stored in separate portions into each node by using the distributed storage technology. Then, Defrag Function technology can recall each segment and execute in a streaming format.

Simultaneous Transaction

The sequential transaction-processing structure has limitations in the processing speed that cause problems in scalability. The fundamental way to address the scalability issue is to handle simultaneous transactions. The simultaneous transaction processing is to be implemented on the Orbits Network and is in a producer-structure in which a node becomes the transaction generating, processing and verifying a user. This solves the problem of scalability because the number of nodes that process and verify transaction also increases as the number of transactions increases, unlike the existing methods in which the network is overloaded as the number of transactions increases. The simultaneous transaction processing structure overcomes the need to collect and process transactions, creating a single block at the same time as generating a transaction and storing it in each node, that is responsible for processing including itself when the block is validated.

Genesis Hoisting

As the current Blockchain structure grows over time, the size of the distributed storage accumulated in each node increases equally, thus reducing the efficiency of the entire network and reducing node scalability. However, it is essential that many nodes participate freely in order to commercialize the Blockchain. Genesis Hoisting was devised for this purpose. Genesis Hoisting is a technology that sets up the distributed ledger and transfers all blocks to the supernode when the storage space of the devices of each node reaches a certain amount. The term Genesis Hoisting is used to refer to the process of overwriting file after the calculation of providing a block index number that is one higher than the existing block in the process of overwriting the file after calculation.

Distributed Storage

Current DApps store database in the Blockchain and the source files are stored on a central server. Due to the fundamental limitations of the Blockchain technology and communication technology, it operates in a hybrid structure. This structure can be protected through Blockchain to some extent but is still at a vulnerable state, but when the central server becomes disabled, the whole system will collapse. A truly distributed application should allow source files to operate and store in distribution. However, an efficient storage system and processing system is needed in managing the source files in the Blockchain because the capacity increases exponentially. Unlike the existing structure in which functions are stored in the entire memory and reading the contents of a particular function, the program source on the Orbits Network has their functions hashed and stored in basic units.

Defrag Function

Defrag Function is a technology that can recall distributed DApp source files in real-time streaming format. The distributed storage of the functions, that comprise the program source and the basic unit, prevent modulation by comparing the hash values of the functions with other nodes. Because Defrag function does not need to save all the original source files, it does not need to save functions that are not used or used infrequently, thus reducing the burden on storage space and keeping the network efficient.

GBT Ecosystem

The consumers of computer resources can use the Orbits Network using GBT for less than the cost of building or maintaining existing servers, and the provider of computer resources can obtain GBT by providing Orbits Network with idle resources or extra devices of their own devices.

The GBT that each node acquires Proportional to computer resource provision and token retention
CPU, Storage, Bandwidth

Planet Wallet

Planet Wallet is the official purse of Grabity. Maximize security and availability for your users. There will also be periodic wallet updates in line with the development of the Grabity mainnet. The typical characteristics of Planet Wallet are as follows.

1. NodeClient
2. archiving of tokens
3. Send token via mobile phone number
4. interlocking exchange 
5. Offers the DApp Store

Android iOS

DApp

Various Dapps will be available through the DApp Store

The value of the main net depends on the number of DApp. Most DApp users come from existing application users, so Grabity provides a familiar DApp Store for existing application users. Since the essential requirement to use DApp is the unrestricted storage space and transaction of tokens, DApp Store will be released on PC and mobile versions associated with other wallets and exchanges. The DApp Store is classified into various categories such as game, finance, social networking, media, health, education, music, etc. and the ranking system is based on an algorithm that comprehensively consider daily average number of users, satisfaction, transaction, and development.

The terms of use (Hereinafter “Terms”) are deemed to be the acceptance of Terms for accessing website (Hereinafter “Website”), regardless of whether you are a guest or a registered user. (Hereinafter referred to as “Company”) All the services on the website are provided from GRABITY PTE. LTD Please read the terms carefully. By continuing to access or use the website, you agree to be bound by the Terms. You must not use or access the website unless you agree to all Terms. In addition to the Terms, we may require you to accept other Terms in relation to certain content and services that we may provide on the website or through the website. In the event of any conflict or inconsistency between the Terms of use of content and services, the Terms of such content and services will be prevailed. If you have any questions about the Terms, or would like to notify, please contact info@grabity.org - User Account 1. The customer possess the ownership of user account 2. For accounts, that are used to steal other user’s identity, credit fraud, or crime, may be deprived of the account by posting the ownership on the website or notifying through email. 3. If a user’s account is in violation of the Anti-Money Laundering Act (AML), or Know-Your-Customer Act, it will be deprived of ownership of the account and will be notified in relevance of government and legal period. - Token sale period The token sale proceeds in 3 period. Earlybird Sale runs from November 19, 2018. pre Sale runs from February 22, 2019. Public Sale runs from April 27, 2019. - Qualification To participate in token sales, you need possess an Ethereum wallet that supports ERC-20 token standard (to receive purchased tokens). We reserve the right to specify additional procedures in relation to certain wallet requirements. - Token Trade/Buy 1. The price of GBT Token is set to ETH (payment currency). 2. The Token Sale participants can receive a bonus that is paid differently depending on the level of investment. (pre Sale Bonus: 10%, Public-Sale Bonus: 0%). 3. GTB Token purchased from the Token Sale will be provided to ERC-20 compliant wallet after ICO has been completed. 4. The ICO schedule can change, in which the case of Token payment date will also change. 5. If you participate in the Token Sale with an exchange wallet, you may not be able to receive GBT Token purchased from the Token Sale. - Investment Principal Guarantee We do not guarantee investment principal regarding the purchase, ownership, or use of GBT Tokens and may incur losses. We do not hold any responsibility of the losses. - Resale Prohibition We prohibit resale or multi-level sales of GBT Tokens. We do not sell and can refuse to sell to Token buyers with the purpose of resale or multi-level sales. Participants that participated in the GBT Token Sale are considered to have agreed not to resell or multi-level sales. - The purpose and use of Token 토큰의 목적과 사용 1. The purpose of purchasing GBT Token is to support our services, such as platform development, ecosystem creation, business development and marketing. Information regarding the details use and purpose of GBT Token can be found at https://grabity.io/ 2. Purchase of GBT Token, ownership, and possession of GBT token does not grant any other right whether to explicit or imply, except for the right to use the token as means of exchange. In particular, we understand and agree that the GBT Token does not grant any ownership, equity, stock, any equivalent rights, future revenue share, intellectual properly, or any other form of participation in the company or GBT platform and its affiliates. GBT Token is not intended to be used as stocks or any other means of investment. - Rejection of cancellation or purchase request The GBT Tokens purchased within the period of sale or modified date of GBT Token Sales are deterministic/definite and cannot be refunded or cancelled, except as provided herein or subject to applicable laws and regulations. We reserve the right to refuse or cancel your token purchase request at any time in its sole direction. - Accepting and agreeing the risks? You approve and agree that you can be at risk of purchasing, possessing, or using GBT Token. By purchasing GBT Token, you are clearly aware that you are subjected to the following risks with respect to the purchase and regarded self-supervision. 1. Loss of private key, storage error, risk of loss of token access due to user error A private key or key-combination is required to take control and process tokens stored in digital wallet or safe. Therefore, if you lose the digital private key associated with the wallet or vault that stores the token, the token will be lost. In addition, a third-party host may be able to steal your token if it has access to your private key, including the hosted-wallet service login and password. You may be able to lose tokens due to errors or malfunctions associated with the digital wallet or safe you have selected to receive and store tokens. This include cases where users have not managed their digital wallet or safe properly. You may also lose tokens if you do not follow the exact procedures for purchasing and receiving tokens, such as providing an incorrect token address or address that is incompatible with ERC-20. 2. Risks associated with Ethereum protocol  GBT Token prior to the main net are based on Ethereum protocol, in which malfunction, closure, and disposal of the Ethereum protocol can have a serious adverse effect on the GBT Token. 3. Mine attack risks  GBT Tokens prior to the main net are vulnerable to attacks during the process of transaction verification in Ethereum Blockchain by miners in the same way as other distributed cryptocurrency tokens based on the Ethereum protocol. These include double spending attacks, mining skill attacks, and egoistic mining techniques. If the attacks are successful, there is a risk for recording the transaction history of the GBT Token and for ordinary execution. 4. Risks associated with the token market  The GBT Token is intended only for the use of, only as means of exchange between the holder and those who wish to become GBT Token holder. We do not support or facilitate external evaluation of secondary transactions or tokens. Even though the secondary transaction of GBT Token is facilitated through the exchange of third parties, transactions are relatively new and may be fraudulent or manipulated with almost no regulatory oversight. Also, if third party grants external exchange value to a token, token values can be exposed to extreme volatility and can even become scrapped pieces. 5. Risks associated with uncertain regulatory and execution actions  Regulation trends in many countries about the Blockchain and cryptocurrency, including GBT Token, are still unclear and unstable. It is difficult for regulatory authorities to accurately predict how to apply existing regulations, such as GBT Token, application and their associated ecosystem. Likewise it is unreasonable to predict exactly how legislation or regulatory authorities in each country will change or may change the legislation which can affect the application of Blockchain, cryptocurrency, and GBT Token. Regulatory actions can have multiple adverse effects on the GBT Token. As for an example explanation, the purchase, sale, and transfer of tokens is considered as illegal activity, or you can assume that a token is a regulated product that requires registration and authentication from all or part of the parties involved in the purchase, sale and transfer of tokens. We may change or discontinue business operation in a given country if we believe that it is not possible to continue business in a particular country due to regulatory changes and regulations, or if the necessary regulatory approval is not commercially competitive. 6. Risks due to taxation  The tax characteristics of tokens are uncertain. You may adversely face tax consequences, including withholding tax, income tax, and tax reporting obligations. 7. Risks associated with the development and maintenance of ecosystem  The ecosystem environment, which is currently in development, can change rapidly over time. We intend to make the ecosystem including the GBT Tokens available as described in the whitepaper and our website and are willing to take commercially reasonable steps to do so. However, for a variety of legitimate reasons, there may need to change the details of token and ecosystem. In addition to this, we have no control over the matters in which other participants use the ecosystem, the products or services that third parties provide through the ecosystem, and the way in which third-party products and services use the GBT Tokens. As a result, there is a risk that the token or ecosystem will continue to evolve and develop in the process of being unable to meet the expectations at the time of purchase. Furthermore, in spite of our effort to participate and develop in the ecosystem, the ecosystem may malfunction or fail to develop or maintain properly. This can have a negative impact on the potential use of the tokens, ecosystem and GBT Token. 8. Risks from expansion of ETH volatility  If the value of the token sales period or subsequent ETH fluctuates in an adverse manner, development funds may not be procured or the GBT platform may not be developed or maintained as intended. 9. The settlement, liquidation risk of GBT platform  We cannot rule out the possibility that the GBT platform will be shut down or the company will be liquidated for several reasons, including unfavorable fluctuations in ETH, BTC (other crypto or legal currency) value, fluctuation value of tokens (including the service availability of tokens), commercial trading breakdowns, and intellectual property ownership issues. 10. Risks due to lack of governance authority  The GBT Token do not grant any kind of governance rights with respect to the platform, headquarters, or affiliates. Therefore, all decisions of the company`s products and services, as well as the company`s particular decisions, are made at our sole discretion. But the decision to discontinue products and services, and the directionality of the GBT available to the ecosystem is included. (Not limited to the example above.) These decisions can negatively impact the value and availability of your GBT tokens, including service availability. 11. Unexpected risks  Cryptocurrency, such as GBT Token, is a new and unproven technology. There may be risks, including unexpected risks associated with the purchase, possession or the use of tokens other than those listed in the Terms. 12. Risks of schedule changes  We will do our best to development, establish ecosystem, and marketing in accordance with the schedule outlined in Roadmap. However, the Roadmap can be re-scheduled to take advantage of unfavorable fluctuations in ETH, BTC (other cryptocurrency or legal currency) values, time changes, or changes in direction. 13. Important notice GBT Tokens are not intended or sold as stock, other types of investment products and any information presented in the Terms cannot be the basis of investment decisions, and specific recommendations are not intended. We declare that we are not responsible for any loss or damage, whether directly or indirectly, related to any actions described in the Terms. - Storage Mechanism Security You are responsible for taking any reasonable procedures to securing the wallet, safe and other storage mechanisms used to receive and store GBT Tokens purchased from us. Private Key for storage and other authentication information is required for storage access and for security measures. If you lose your private key or other access-related authentication information, you may not be able to access your GBT Token. We are not responsible for any disadvantages, cost, or charge related to loss of access authentication information. - Personal Information We may decide at our sole discretion to obtain specific information about you in order to comply with applicable laws and regulations regarding the sale of GBT Tokens. You agree to promptly provide the information requested by us. You also agree that we may refuse to sell the token to you until the requested information is received and that you are permitted to sell the tokens in accordance with applicable laws and regulations. - Tax You are responsible for identifying the tax charge of GBT Token’s purchase, sales, or holdings. It is your responsibility to ensure that the taxation authority has accurate tax liabilities with respect to withholding tax, collecting, reporting and remitting. We are not responsible for withholding, collecting, reporting or remitting of any sales, use, VAT, or other taxes arising from the purchase, sale, or retention of GBT Tokens. - Testimony/Statement and Guaranty By transferring ETH for the purchase of GBT Tokens, You are assured by stating and warrant the following. 1. You have read, understood, and agreed to the Terms. 2. You acknowledge and agree that there is a risk associated with the purchase, possession or use of tokens including, but not limited to, the risks specified in the Terms. 3. You agree and are fully aware to the Terms of technical, financial, business, cryptocurrency, token storage mechanism (such as token wallet), and Blockchain technology and understand the risks and impacts associated with buying GBT Tokens. 4. You understand and approve the risks and limitations associated with creating the GBT Token as specified here. 5. You have received and perceived enough information about GBT Tokens to make informed purchasing decisions. 6. You understand and approve that the GBT Token does not grant any ownership, right of distribution, redemption rights , liquidation rights, properly rights including any form of intellectual property, or any other financial or legal rights (including, without limitation rights) to the company or platform. 7. You are fully aware of the commercial risks associated with us and the Grabity platform, and buy GBT Tokens solely for the purpose of supporting development, testing, deployment and operation of the platform. You are not buying GBT Token for any other purpose, including but not limited to investment, speculation, resale, and financial purposes. 8. You comply with the provision laws and regulations of your jurisdiction in connection with the purchase of GBT Token. 9. You must comply with any tax liability that may arise from the purchase of GBT Token in your jurisdiction. 10. If you purchase GBT Token on behalf of an organization, you are authorized to accept the Terms on behalf of that organization, but if you or any other related employee or agent of that organization violates the Terms, the responsibility lies with the organization. 11. You are not a citizen or permanent resident of China. 12. You are not a US citizen or possess permanent residency and have no home address or residence in Puerto Rico, US Virgin Islands, or any other US territory. 13. You are not a citizen or resident of a country that prohibits the receipt of GBT Tokens. - Liability Limitation 1. To the maximum extent permitted by applicable law, we are not responsible for any indirect, special, specifics, consequential, or punitive compensative (including, but not limited to, loss of revenue, loss of profits/earnings, loss of data or use, or suspension of business) arising out of or in connection with the sale or use of the GBT Tokens or in relation with the Terms. This includes, without limitation, any contract or civil tort (including, but not limited to, actively, passively, or neglected) and any legal or equitable theory (including, without limitation, whether or not have been advised of the possibility of such damages and has been foreseeable). 2. In no event shall we be liable for any loss or damages arising out of the use or inability to use the token. - Possible separation of Contract In the event that some of the items, statements and conditions within become illegal, invalid or unenforceable, the items, statements, and conditions will be separated from the overall Terms. The separated statements, conditions and items do not affect the validity or enforceability of any other statements, terms, or conditions. - Anti-Money Laundering System 1. The website and the company prohibit any illegal, crime fund laundering and have a strong Anti-Money Laundering System policy. 2. Suspected members of money laundering or capital inflows will be notified to the administrative and AML management agency of each country through legal representatives within the 7 working days. 3. The advance notice of anti-money laundering and crime funds may be omitted on a case-by-case basis. - Know-Your-Customer (KYC) 1. Your account verification process will be in accordance with the Know-Your-Customer, KYC, established by the International Financial Institute. 2. You may request verification of your full name, date of birth, nationality, contact information (telephone number, and email address), and this information will be accessed and organized only a few number of authorized people. 3. If your information is not verified, your account may be suspended and your rights are automatically lost if it is not verified for a maximum of 365 days. - Disclaimer Grabity`s draft white paper is provided for informational purposes only. We do not guarantee the accuracy or conclusion of this whitepaper and this whitepaper is provided "as is". We do not guarantee or state any consequential expressions, implement, legitimation or otherwise. We and our affiliates shall not be liable for any loss or damage of any kind arising out of the use, reference or reliance on this whitepaper or the contents contained herein. In no event shall we be liable for direct or indirect, consequential, compensatory, collateral, actual, exemplary, punitive or for special use, goodwill or other intangible loss to any person or entity for any damages, losses, liabilities, costs, or expenses of any kind, whether used or unavailable. - Other Regulations The Terms constitute the entire agreement between you and us relating to the purchase of GBT Tokens. We may assign rights and obligations in accordance with the Terms. Whether we do not exercise or enforce any of the Terms or the rights of Terms, this does not constitute a waiver of any such provision or right. We are not responsible for any failure or delay in performance of the obligations set forth in the Terms for reasons beyond reasonable control. Buying GBT Token does not create a partnership, joint venture, or similar relationship between you and us. Unless or otherwise stated in the Terms, the Terms are intended sorely for your and our benefit and not for granting of third party beneficiary rights of others or other organizations. You agree and acknowledge that all contracts, notices, disclosures, and other communications, including this Terms, are provided in digital form.