Whitepaper
2025.05.13
Disclaimer
This whitepaper is issued by UAB Whitebridge Network, company duly established and operating under laws of the Republic of Lithuania, company code 307030013, address Krivių str. 5, Vilnius, Lithuania (the Company) to provide information about its decentralized platform, the associated token issued by the Company (the WBAI Token) and its ecosystem as well as concerning associated WBAI Token admission to trading. The information contained herein is for general informational purposes only and is not intended to constitute investment, legal, financial, or other professional advice.
Legal Notice
This WBAI Token whitepaper has not been approved by the competent authority of any Member State of the European Union. The Company seeking admission to trading of the WBAI Token is solely responsible for the content of this WBAI Token whitepaper. The management of Company confirms that, to the best of its knowledge, this whitepaper complies with the applicable requirements of Title II of Regulation (EU) 2023/1114 of the European Parliament and of the Council of 31 May 2023 on markets in crypto-assets (MiCAR) and that the information provided herein, to the best of knowledge of the Company’s management’s, is accurate and not misleading.
Risks and Limitations
Potential token holders are advised of the following risks:
the WBAI Token may lose its value in part or in full;
the WBAI Token may not always be transferable;
the WBAI Token may not be liquid;
the WBAI Token, in this case utility token, may not be exchangeable against the good or service promised in this WBAI Token white paper, especially in the case of a failure or discontinuation of the WBAI Token project;
the WBAI Token is not covered by the investor compensation schemes under Directive 97/9/EC of the European Parliament and of the Council;
the WBAI Token is not covered by the deposit guarantee schemes under Directive 2014/49/EU.
Environmental Impact
Company is committed to sustainability; however, the environmental impact of its operations, including blockchain infrastructure, may vary depending on technological and operational developments.
User Rights & Obligations
By reading this whitepaper, readers agree to independently evaluate the contents and seek advice as necessary. Any reliance on the information provided in this whitepaper is at the reader's own risk.
Summary
The WBAI Token is a utility asset powering the WhiteBridge platform, a decentralized network for people-data intelligence. WBAI Token enables on-chain queries, incentivizes data providers, and facilitates community governance.
WBAI Token's key utility lies in powering AI agent queries, acting as a pay-per-use model. Data providers stake WBAI Token to contribute data, WBAI Token also fuels developer integration through usage-based fees and unlocks premium features for users.
Admitting WBAI Token to the trading platform of Bitpanda GmbH, as well as concluding public offering through Bitpanda GmbH ensures that the WBAI Token is accessible to the wide range of potential customers, compliance with legal provisions of the EU law and any national laws and smooth purchasing of WBAI Tokens.
This whitepaper should be read in its entirety, including the risks and disclaimers outlined above. Any decision to acquire WBAI Tokens should be based on a thorough review of the complete whitepaper. Public offers or solicitations to acquire the WBAI Token will only be made in compliance with applicable national and EU laws. Additionally, it must be noted that this whitepaper does not constitute a prospectus as referred to in Regulation (EU) 2017/1129 of the European Parliament and of the Council or any other offer document pursuant to European Union or national law and was not approved by any regulatory authority within the European Union or any other jurisdiction.
DISCLOSURE ITEMS FOR THE CRYPTO-ASSET WHITE PAPER FOR CRYPTO-ASSETS OTHER THAN ASSET-REFERENCED TOKENS OR E-MONEY TOKENS
Part A: Information about the offeror or the person seeking admission to trading
1. Name: UAB Whitebridge Network;
2. Legal form: Limited Liability Company;
3. Registered address: Krivių st. 5, Vilnius, Lithuania;
4. Date of registration: October 19, 2024;
5. Registration code: 307030013;
6. A contact telephone number: +37065541840, email address: ai@whitebridge.network, response time: under normal circumstances, inquiries are answered within 3 business days, but for more specific requests period may extend to 7 business days;
7. Parent company: UAB Whitebridge ai;
8. Identity, business addresses and functions of persons that are members of the management body of the offeror or person seeking admission to trading:
Paulius Taraskevicius, Krivių st. 5, Vilnius, Lithuania, co-founder & CEO
9. Business or professional activity of the offeror or person seeking admission to trading and, where applicable, of its parent company:
Business activity of the Company is issuance and administration of WBAI Token for implementation of project described further below in this whitepaper. The project focuses on assessment, verification and analysis of data across different digital platforms and providing a client with conclusive report regarding people. With this project, the Company is revolutionizing how data is collected and assessed, through its innovative combination of AI-powered agents and a Decentralized Physical Infrastructure Network (DePIN). At its core, WhiteBridge AI Agents Network transforms fragmented and online data into actionable, authentic insights, offering unparalleled clarity in an increasingly complex digital world.
10. The financial condition of the offeror or person seeking admission to trading over the past three years or where the offeror or person seeking admission to trading has not been established for the past three years, its financial condition since the date of its registration.
As the Company was registered on October 19, 2024, with an authorized capital of EUR 2,500 specifically for the reason of issuance and administration of WBAI Tokens, there were no business operations conducted. Necessary payments for registration and establishment of legal person were made, additionally, as the Company’s age is less than a year with no business operations, no conclusive financial analysis or financial statements can be prepared.
Part B: Information about the issuer, if different from the offeror or person seeking admission to trading (Not applicable)
Part C: Information about the operator of the trading platform in cases where it draws up the crypto-asset white paper (Not applicable)
Part D: Information about the WBAI Token project
1. Name of the crypto-asset project and of the crypto-assets, if different from the name of the offeror or person seeking admission to trading, and abbreviation or ticker handler:
WhiteBridge Token (WBAI Token).
2. A brief description of the crypto-asset project:
WBAI Token is a crypto-asset, which provides token holders with access to the Whitebridge AI Agents network. Whitebridge AI Agents network allows users to generate AI agent queries (reports) about people of interest. Such queries will be exchanged for WBAI Tokens, which will be consumed as a service fee. Additionally, WBAI Tokens are designed to power on-chain queries, incentivize node operators, and enable community-driven decision-making, WBAI Tokens underpins the ecosystem’s day-to-day operations, long-term growth, and participant alignment. Usage-based model ensures an ongoing demand for WBAI Tokens, directly linking token utility to the Whitebridge platform’s traction.
3. Details of all natural or legal persons (including business addresses or domicile of the company) involved in the implementation of the crypto-asset project, such as advisors, development team and crypto-asset service providers:
Additionally, to the person mentioned in part A of this whitepaper, following persons were involved in the implementation of this WBAI Token project:
Decubate B.V., Zoetermeer, Boerhaavelaan 40, Netherlands, Project Advisory & Technical solutions;
Bitpanda GmbH, Stella-Klein-Löw Weg 17, Vienna, Austria, Public Offering;
Irmantas Motiejunas, Krivių st. 5, Vilnius, Lithuania, co-founder & CTO, Technical Solutions;
Tomas Martunas, Krivių st. 5, Vilnius, Lithuania, co-founder & COO, Project Implementation;
Justin Barauskas, Krivių st. 5, Vilnius, Lithuania, co-founder & CMO, Project Marketing Solutions;
Tomer Warschauer Nuni, 66 Yavne st., Ramat Hasharon, Israel, VP, Advisory.
4. Where the crypto-asset project concerns utility tokens, key features of the goods or services to be develop:
Whitebridge offers digital services in the field of people data search. The key element of the project is ability for AI agents to generate conclusive report regarding any person of interest using all the accessible public information. The project aims to change and modernize the way that background checks, due diligences and reputation monitoring are being done. At its core, Whitebridge transforms fragmented and online data into actionable, authentic insights, offering unparalleled clarity in an increasingly complex digital world.
5. Information about the crypto-asset project, especially past and future milestones of the project and, where applicable, resources already allocated to the project:
WBAI Token project was launched in 2024 and 4Q of 2024 and 1Q of 2025, the Company was working closely with legal advisors in order to prepare all required documents for public offering of WBAI Tokens and admitting them to trading. Currently, next step for the project is to admit WBAI Tokens to trading and make a public offering. Both of these steps are scheduled for the 2Q of 2025.
6. Where applicable, planned use of any funds or other crypto-assets collected:
Funds collected from the public offering and trading of WBAI Tokens will be used to improve and expand Whitebridge AI Agents network system, launch a marketplace where third-party developers can build and publish specialized AI agents, develop AI-powered co-assistants to handle queries autonomously, expand specialized AI Agents.
Part E: Information about the offer to the public of WBAI Tokens or their admission to trading
1. Indication as to whether the crypto-asset white paper concerns an offer to the public of crypto-assets or their admission to trading:
This whitepaper concerns an offer to the public as well as the admission of WBAI Token to the trading.
2. The reasons for the offer to the public or for seeking admission to trading:
Whitebridge came to conclusion that public offering and admission of WBAI Token to trading platform is the best way to provide people with ability to buy WBAI Tokens and in turn our services for prices that is dictated by the market, which means people themselves will affect the prices and demand of WBAI Token.
3. The amount that the offer to the public intends to raise in funds or in any other crypto-asset, including, any minimum and maximum target subscription goals set for the offer to the public of crypto-assets, and whether oversubscriptions are accepted and how they are allocated:
Public offer intends to raise 500 000 US dollars.
4. The issue price of the crypto-asset being offered to the public (in an official currency or any other crypto-assets), any applicable subscription fee or the method in accordance with which the offer price will be determined:
The price of 1 WBAI Token is US dollars 0.008. There are no subscription fees from UAB Whitebridge Network.
5. the total number of crypto-assets to be offered to the public or admitted to trading:
101 651 785 WBAI Tokens
6. Indication of the prospective holders targeted by the offer to the public of crypto-assets or admission of such crypto-assets to trading, including any restriction as regards the type of holders for such crypto-assets:
Professional investors as well as retail holders will be able to invest in the WBAI Token.
7. Specific notice that purchasers participating in the offer to the public of crypto-assets will be able to be reimbursed if the minimum target subscription goal is not reached at the end of the offer to the public, if they exercise the right to withdrawal foreseen in Article 13 or if the offer is cancelled and detailed description of the refund mechanism, including the expected timeline of when such refunds will be completed:
In case of project failure due to variety of reasons, if the retail holder decides to exercise the right to withdrawal as foreseen in Article 13 of MiCAR or if the public offer is cancelled, investors will be able to get their funds back. As any funds received from the public offering are stored separately on a ledger wallet for time period when unqualified investors have a right to withdraw, once any of the above-mentioned event occur, the investors will receive their funds back, which they invested in WBAI Token, in 7 business days to the wallet or bank account which was used in buying WBAI Token.
8. Information about the various phases of the offer to the public of crypto-assets, including information on discounted purchase price for early purchasers of crypto-assets (pre-public sales); in the case of discounted purchase prices for some purchasers, an explanation why purchase prices may be different, and a description of the impact on the other investors:
Public: Planned raise amount is 500 000 US dollars, there are no discounted purchase prices at this stage.
9. For time-limited offers, the subscription period during which the offer to the public is open: Not applicable
10. The arrangements to safeguard funds or other crypto-assets as referred to in Article 10 during the time-limited offer to the public or during the withdrawal period
As a precaution, in accordance with Article 10 of Regulation (EU) 2023/1114, during a withdrawal period, funds from public offering will be stored by Bitpanda GmbH.
11. Methods of payment to purchase the crypto-assets offered and methods of transfer of the value to the purchasers when they are entitled to be reimbursed:
Investors will be able to purchase the WBAI Token by signing simple agreement of future tokens (the SAFT) and transfers advanced payment according to the SAFT. In case the investor wants to refund the purchase of WBAI Tokens, the amount paid will be transferred back to investor’s wallet or bank account in 7 business days.
12. In the case of offers to the public, information on the right of withdrawal as referred to in Article 13:
Retail holders will be able to withdraw from the agreement of purchasing WBAI Token in 14 calendar days, provided the WBAI Tokens are not used, and they do not need to provide any reason for that. Additionally, all the charges will be reimbursed following Article 13 of MiCAR.
13. Information on the manner and time schedule of transferring the purchased crypto-assets to the holders:
Once purchased, WBAI Tokens will be transferred to the electronic wallets of investors by smart contracts, which automatically facilitate transactions.
14. Information about technical requirements that the purchaser is required to fulfil to hold the crypto-assets:
The only requirement for potential purchaser of WBAI token is to have a crypto-wallet.
15. The name of the crypto-asset service provider in charge of the placing of WBAI Token and the form of such placement (with or without a firm commitment basis):
Bitpanda GmbH – public offering.
16. The name of the trading platform for crypto-assets where admission to trading is sought, and information about how investors can access such trading platforms, and the costs involved:
Bitpanda GmbH. The investors can access trading platform through it’s website, and they must have an account there in order to invest in the WBAI Token. Additionally, any fees related to purchasing WBAI Token are trading platform fees, such as trade fee.
17. Expenses related to the offer to the public of crypto-assets:
Main Company’s expenses relating to public offer of WBAI Token are regarding marketing and publicity of WBAI Token, as well as expenses related to programming and consulting.
18. Potential conflicts of interest of the persons involved in the offer to the public or admission to trading, arising in relation to the offer or admission to trading:
No potential conflicts of interest identified.
19. The law applicable to the offer to the public of crypto-assets, as well as the competent court:
Public offering and administration of WBAI Token to trading platform or any other discrepancies regarding WBAI Token is governed by Lithuanian law and any disputes are solved by Lithuanian courts.
Part F: Information about the WBAI Tokens
1. The type of crypto-asset that will be offered to the public or for which admission to trading is sought:
WBAI Token is a utility token according to Article 3(1) of MiCAR and is classified as a “crypto-asset other than asset referenced tokens or e-money tokens”.
2. A description of the characteristics, including the data necessary for classification of the crypto-asset white paper in the register referred to in Article 109, as specified in accordance with paragraph 8 of that Article, and functionality of the crypto-assets being offered or admitted to trading, including information about when the functionalities are planned to apply:
WBAI Token is utility token that provides access to Whitebridge data search services. WBAI Token can be stored or transferred electronically, and it uses a blockchain technology. WBAI Token is a fungible crypto asset, which does not reference any other fiat currency, right or combination of them. Such functions of WBAI Token are planned at the start of the public offer. The public offer is planned in the 2Q of 2025.
Part G: Information on the rights and obligations attached to the crypto-assets
1. A description of the rights and obligations, if any, of the purchaser, and the procedure and conditions for the exercise of those rights:
Rights: Right to Exchange for Services: After purchasing the WBAI Token, the WBAI Token holder has the right to exchange WBAI Token for Whitebridge services on the Whitebridge website and staking WBAI Tokens for AI Agent queries. Right of Transfer: The holder can transfer WBAI Token to a third party, after that – all rights and obligations are transferred to the new holder. Trading: If the WBAI Token is listed on cryptocurrency exchanges, holders can trade their WBAI Tokens there.
Obligations: Payment of Purchase Price: WBAI Token buyers must pay the agreed purchase price when acquiring WBAI Tokens.
2. A description of the conditions under which the rights and obligations may be modified:
Whitebridge confirms that it will not change the rights described in this Whitepaper and that it will not impose any further obligations on token WBAI holders after the admission to trading and even after the public offer was completed.
3. information on the future offers to the public of crypto-assets by the issuer and the number of crypto-assets retained by the issuer itself: Not applicable;
4. Where the offer to the public of crypto-assets or their admission to trading concerns utility tokens, information about the quality and quantity of goods or services to which the utility tokens give access:
Whitebridge offers digital services in the field of people data search, the key element of the project is ability for AI agents to generate conclusive report regarding any person of interest using all the accessible public information. The project aims to change and modernize the way that background checks, due diligences and reputation monitoring are being done. At its core, Whitebridge transforms fragmented and online data into actionable, authentic insights, offering unparalleled clarity in an increasingly complex digital world;
5. Where the offers to the public of crypto-assets or their admission to trading concerns utility tokens, information on how utility tokens can be redeemed for goods or services to which they relate:
6. Where an admission to trading is not sought, information on how and where the crypto-assets can be purchased or sold after the offer to the public: Not applicable.
7. Restrictions on the transferability of the crypto-assets that are being offered or admitted to trading: Not applicable.
8. Where the crypto-assets have protocols for the increase or decrease of their supply in response to changes in demand, a description of the functioning of such protocols:
No such protocols are in place.
9. Where applicable, a description of protection schemes protecting the value of the crypto-assets and of compensation schemes: Not applicable.
10. The law applicable to the crypto-assets, as well as the competent court:
Public offering and administration of WBAI Token to trading platform or any other discrepancies regarding WBAI token is governed by Lithuanian law and any disputes are solved by Lithuanian courts.
Part H: Information on the underlying technology
1. Information on the technology used, including distributed ledger technology, protocols and technical standards used:
WBAI Token is based on smart contracts which is being audited by CertiK company, smart contract itself is based on BNB chain (BEP-20 protocol) and runs on OpenZeppelin technology.
2. The consensus mechanism:
Proof-of-Staked-Authority.
3. Incentive mechanisms to secure transactions and any fees applicable:
WBAI Token uses only BEP-20 protocol and there are no other incentive mechanisms to secure transactions.
4. Where the crypto-assets are issued, transferred and stored using distributed ledger technology that is operated by the issuer, the offeror or a third-party acting on their behalf, a detailed description of the functioning of such distributed ledger technology:
WBAI token is powered by BNB chain, which is an alternative blockchain that is similar to Ethereum, capable of hosting smart contracts and decentralized applications. It uses the Proof-of-Staked-Authority model, which combines the elements of proof of stake and proof of authority consensus mechanisms. BNB Chain has a dual blockchain structure that is comprised of BNB Beacon Chain (previously Binance Chain) and BNB Smart Chain (previously Binance Smart Chain, BSC). BEP-20 is conceived as a technical specification for BNB Smart Chain, with the goal of providing a flexible format for developers to launch a range of different tokens.
5. Information on the audit outcome of the technology used, if such an audit was conducted:
During the audit, CertiK company used such methods as static analysis, formal verification and manual review. Such audit and methods led to finding of one risk in the code security, which was mitigated by the Company.
Part I: Information on the risks
1. A description of the risks associated with the offer to the public of crypto-assets or their admission to trading:
WBAI Token may lose its value after public offering and admission to trading. Additionally, WBAI Token project may be shut down during public offering. Regulation regarding crypto-assets may change in certain countries during the public offering or later at any point in time, which may lead to changes in project itself. Collapse of any other major crypto-exchange platform or any other token could have spillover effects on the WBAI Token and it’s public offering or trading. The Company may also not reach projected investments, which would greatly improve a risk of shutdown.
2. A description of the risks associated with the issuer, if different from the offeror, or person seeking admission to trading:
The Company may close down this project at any point in time, which would lead to WBAI Token losing its value. The product, which WBAI Token is for, may be shut down due to unforeseen circumstances. There is also always risk of such events as bankruptcy, insolvency or reorganization for investors and the issuer as well. It should be noted that as Company’s main project is associated with natural and legal persons information, changes in laws regarding data protection could lead to major changes in Company’s business model and project itself.
3. A description of the risks associated with the crypto-assets:
WBAI Token may lose its value at any point in time, as the value is tied to the success of Company’s project. As WBAI Token is a utility token, its usage is limited to Company’s network, which could lead to limited liquidity. The Company also may issue additional tokens over time, that could be diluting the value of existing WBAI token.
4. A description of the risks associated with project implementation:
Certain risks are associated with project implementation such as market volatility, regulatory development regarding data protection or crypto-markets, failure to raise needed amount of funds for entire project or part of it, as well as development challenges may pose risk to Company or the project. Any risks that are associated with WBAI Token, technology, issuer or admission to trading are relevant to project implementation and Company is working to mitigate them.
5. A description of the risks associated with the technology used as well as mitigation measures, if any:
Risks such as technological developments, security of blockchain, regulatory updates and even the price of electricity could impact further development and maintenance of blockchain. The entire technology behind WBAI Token is based on chains from Binance. Any risks associated with Binance regarding their technologies, security or stability could influence to the WBAI Token technologies. Any risks that are tied to any blockchain technology are relevant to WBAI Token’s blockchain as well, because of possible spillover effect.
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