|
N |
FIELD |
CONTENT |
|
00 |
Table of contents |
01 - Date of notification Part I – Information on risks I.2 - Issuer-related risks I.3 - Crypto-assets-related risks I.4 - Project implementation-related risks I.5 - Technology-related risks I.6 - Mitigation measures A.2 - Legal form A.3 - Registered address A.4 - Head office A.5 - Registration date A.6 - Legal entity identifier A.7 - Another identifier required pursuant to applicable national law A.8 - Contact telephone number A.9 - E-mail address A.10 - Response time (Days) A.11 - Parent company A.12 - Members of the management body A.13 - Business activity A.14 - Parent company business activity A.15 - Newly established A.16 - Financial condition for the past three years A.17 - Financial condition since registration B.2 - Name B.3 - Legal form B.4 - Registered address B.5 - Head office B.6 - Registration date B.7 - Legal entity identifier B.8 - Another identifier required pursuant to applicable national law B.9 - Parent company B.10 - Members of the management body B.11 - Business activity B.12 - Parent company business activity C.2 - Legal form C.3 - Registered address C.4 - Head office C.5 - Registration date C.6 - Legal entity identifier C.7 - Another identifier required pursuant to applicable national law C.8 - Parent company C.9 - Reason for crypto-Asset white paper Preparation C.10 - Members of the Management body C.11 - Operator business activity C.12 - Parent company business activity C.13 - Other persons drawing up the crypto-asset white paper according to Article 6(1), second subparagraph, of Regulation (EU) 2023/1114 C.14 - Reason for drawing the white paper by persons referred to in Article 6(1), second subparagraph, of Regulation (EU) 2023/1114 D.2 - Crypto-assets name D.3 - Abbreviation D.4 - Crypto-asset project description D.5 - Details of all natural or legal persons involved in the implementation of the crypto-asset project D.6 - Utility Token Classification D.7 - Key Features of Goods/Services for Utility Token Projects D.8 - Plans for the token D.9 - Resource allocation D.10 - Planned use of Collected funds or crypto-Assets E.2 - Reasons for public offer or admission to trading E.3 - Fundraising target E.4 - Minimum subscription goals E.5 - Maximum subscription goals E.6 - Oversubscription acceptance E.7 - Oversubscription allocation E.8 - Issue price E.9 - Official currency or any other crypto-assets determining the issue price E.10 - Subscription fee E.11 - Offer price determination method E.12 - Total number of offered/traded crypto-assets E.13 - Targeted holders E.14 - Holder restrictions E.15 - Reimbursement notice E.16 - Refund mechanism E.17 - Refund timeline E.18 - Offer phases E.19 - Early purchase discount E.20 - Time-limited offer E.21 - Subscription period beginning E. 22 - Subscription period end E.23 - Safeguarding arrangements for offered funds/crypto-Assets E. 24 - Payment methods for crypto-asset purchase E.25 - Value transfer methods for reimbursement E.26 - Right of withdrawal E.27 - Transfer of purchased crypto-assets E.28 - Transfer time schedule E.29 - Purchaser's technical requirements E.30 - Crypto-asset service provider (CASP) name E.31 - CASP identifier E.32 - Placement form E.33 - Trading platforms name E.34 - Trading platforms Market identifier code (MIC) E.35 - Trading platforms access E.36 - Involved costs E.37 - Offer expenses E.38 - Conflicts of interest E.39 - Applicable law E.40 - Competent court F.2 - Crypto-asset functionality F.3 - Planned application of functionalities F.5 - The type of submission F.6 - Crypto-asset characteristics F.7 - Commercial name or trading name F.8 - Website of the issuer F.9 - Starting date of offer to the public or admission to trading F.10 - Publication date F.11 - Any other services provided by the issuer F.12 - Language or languages of the crypto-asset white paper F.13 - Digital token identifier code used to uniquely identify the crypto-asset or each of the several crypto assets to which the white paper relates, where available F.14 - Functionally fungible group digital token identifier, where available F.15 - Voluntary data flag F.16 - Personal data flag F.17 - LEI eligibility F.18 - Home Member State F.19 - Host Member States G.2 - Exercise of rights and obligations G.3 - Conditions for modifications of rights and obligations G.4 - Future public offers G.5 - Issuer retained crypto-assets G.6 - Utility token classification G.7 - Key features of goods/services of utility tokens G.8 - Utility tokens redemption G.9 - Non-trading request G.10 - Crypto-assets purchase or sale modalities G.11 - Crypto-assets transfer restrictions G.12 - Supply adjustment protocols G.13 - Supply adjustment mechanisms G.14 - Token value protection schemes G.15 - Token value protection schemes description G.16 - Compensation schemes G.17 - Compensation schemes description G.18 - Applicable law G.19 - Competent court H.2 - Protocols and technical standards H.3 - Technology used H.4 - Consensus mechanism H.5 - Incentive mechanisms and applicable fees H.6 - Use of distributed ledger technology H.7 - DLT functionality description H.8 - Audit H.9 - Audit outcome |
|
01 |
Date of notification |
2026-04-09 |
|
02 |
Statement in accordance with Article 6(3) of Regulation (EU) 2023/1114 |
Regarding offerors: ‘This crypto-asset white paper has not been approved by any competent authority in any Member State of the European Union. The offeror of the crypto-asset is solely responsible for the content of this crypto-asset white paper.’ Regarding the persons seeking admission to trading: ‘This crypto-asset white paper has not been approved by any competent authority in any Member State of the European Union. The person seeking admission to trading of the crypto-asset is solely responsible for the content of this crypto-asset white paper.’ Regarding the operators of trading platforms: ‘This crypto-asset white paper has not been approved by any competent authority in any Member State of the European Union. The operator of the trading platform of the crypto-asset is solely responsible for the content of this crypto-asset white paper.’ |
|
03 |
Compliance statement in accordance with Article 6(6) of Regulation (EU) 2023/1114 |
‘This crypto-asset white paper complies with Title II of Regulation (EU) 2023/1114 of the European Parliament and of the Council and, to the best of the knowledge of the management body, the information presented in the crypto-asset white paper is fair, clear and not misleading and the crypto-asset white paper makes no omission likely to affect its import.’ |
|
04 |
Statement in accordance with Article 6(5), points (a), (b), (c), of Regulation (EU) 2023/1114 |
‘The crypto-asset referred to in this crypto-asset white paper may lose its value in part or in full, may not always be transferable and may not be liquid.’ |
|
05 |
Statement in accordance with Article 6(5), point (d), of Regulation (EU) 2023/1114 |
The utility token referred to in this white paper may not be exchangeable against the good or service promised in this white paper, especially in the case of a failure or discontinuation of the crypto-asset project. |
|
06 |
Statement in accordance with Article 6(5), points (e) and (f), of Regulation (EU) 2023/1114 |
The crypto-asset referred to in this white paper is not covered by the investor compensation schemes under Directive 97/9/EC of the European Parliament and of the Council or the deposit guarantee schemes under Directive 2014/49/EU of the European Parliament and of the Council. |
|
SUMMARY | ||
|
07 |
Warning in accordance with Article 6(7), second subparagraph, of Regulation (EU) 2023/1114 |
‘Warning This summary should be read as an introduction to the crypto-asset white paper. The prospective holder should base any decision to purchase this crypto –asset on the content of the crypto-asset white paper as a whole and not on the summary alone. The offer to the public of this crypto-asset does not constitute an offer or solicitation to purchase financial instruments and any such offer or solicitation can be made only by means of a prospectus or other offer documents pursuant to the applicable national law. This crypto-asset white paper 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 Union or national law.’ |
|
08 |
Characteristics of the crypto-asset |
The GSX token is the native utility token on the Gen6 blockchain. It is used to access and authenticate interactions with blockchain-based tools such as identity modules, digital attestations, governance, and event-related functionalities. By holding the token, holders can access key features of the Gen6 ecosystem. The token allows users to participate in network activities and interact with various decentralized applications. The token's functional parameters may evolve through on-chain governance processes, with any changes transparently recorded and disclosed. Importantly, purchasing the GSX token does not give holders ownership rights, profit entitlement, or voting power in any legal entity. The GSX token does not grant legal claims or any rights beyond its utility within the Gen6 ecosystem. Where the offer to the public concerns a utility token, that utility token may not be exchangeable against the goods or services promised in the crypto-asset white paper, especially in the case of a failure of the crypto-asset project. No guarantee is made that the token will retain its utility or value, and the success of the project is not assured. Holders may use the token within the Gen6 environment through approved interfaces.
|
|
09 |
|
Not applicable |
|
10 |
Key information about the offer to the public or admission to trading |
Total offer amount: $ 420,000 |
|
Part I – Information on risks | ||
|
I.1 |
Offer-related risks |
The distribution of GSX tokens involves various risks that potential holders should carefully evaluate before participation. Market and Liquidity Risks: The GSX token, like other crypto-assets, may experience significant price fluctuations driven by market dynamics, speculative trading, and demand variability. There is no guarantee of liquidity, and holders may face difficulties buying or selling tokens at preferred prices or within desired timeframes. Regulatory and Compliance Risks: The evolving regulatory environment may affect the offering, trading, or utility of GSX tokens. Changes in laws or regulations across jurisdictions could impose additional compliance requirements or restrictions, potentially limiting token usability or tradability. Operational Risks: The functioning of the Gen6 blockchain and its validator network depends on complex technology and infrastructure. Technical failures, network congestion, or vulnerabilities could disrupt token access or ecosystem services. No Guarantee of Returns: GSX tokens do not confer ownership, equity, or rights to profits. They serve exclusively as utility tokens within the Gen6 ecosystem. Their value may fluctuate, and there is no assurance of financial gain or token appreciation. Future Offering and Distribution Risks: While future public offerings or exchange listings may expand token accessibility, they are subject to regulatory approvals, market conditions, and operational factors that may affect timing and availability. Prospective participants are advised to perform independent due diligence, assess their risk tolerance, and seek professional advice before acquiring GSX tokens. |
|
I.2 |
Issuer-related risks |
Potential participants should carefully consider the following risks related to the issuer, which may impact the token and project: Operational Risks: The issuer may face challenges in management, staffing, technical development, or resource allocation, which could delay or impair the project’s progress and ongoing maintenance. Regulatory Risks: The issuer is subject to applicable laws and regulations that may evolve over time. Regulatory changes could restrict the issuer’s activities, impose additional compliance requirements, or affect the token’s use and acceptance. Governance Risks: Decisions regarding the project’s direction, token economics, or ecosystem changes may be governed by the issuer or community consensus. Such governance processes may be subject to delays, disputes, or changes that affect token holders’ expectations. Financial Risks: The issuer’s financial health and ability to secure ongoing funding may influence its capacity to deliver project milestones, support infrastructure, and maintain operations. Legal and Jurisdictional Risks: Legal protections for token holders may vary based on jurisdiction and contractual frameworks. Cross-border complexities could limit enforceability of rights or remedies in case of disputes. Technological Risks: Dependence on complex blockchain and software technology exposes the issuer to risks of bugs, vulnerabilities, or failures that may impact token functionality or ecosystem stability. Market and Reputational Risks: The issuer’s reputation and market conditions may affect stakeholder confidence, partnerships, and token value, indirectly influencing project success. Participants are encouraged to evaluate these risks thoroughly and seek independent legal, financial, and technical advice before acquiring tokens. |
|
I.3 |
Crypto-assets- |
Potential holders and users of crypto-assets should carefully consider a broad range of risks associated with these digital assets, including but not limited to the following: Market Volatility: Transferability Risks: Liquidity Risks: Scam and Fraud Risks: Settlement Finality and Transaction Irreversibility: Technology and Operational Risks: Security Risks: Regulatory Risks: No Guarantee of Financial Returns: Where the offer to the public concerns a utility token, that utility token may not be exchangeable against the goods or services promised in the crypto-asset white paper, especially in the case of a failure of the crypto-asset project. No guarantee is made that the token will retain its utility or value, and the success of the project is not assured. |
|
I.4 |
Project implementation-related risks |
The development, launch, and ongoing operation of a crypto-asset project involve various inherent risks that may impact the success and sustainability of the project. These risks include but are not limited to the following: Technical Development Risks: The project relies on complex software engineering, blockchain protocols, and integration with third-party systems. Development delays, software bugs, incomplete features, or unforeseen technical challenges could affect the functionality, security, and reliability of the platform. Resource and Funding Risks: Adequate financial resources, skilled personnel, and technological infrastructure are essential for successful project implementation. Limitations in funding, talent retention, or resource allocation may hinder progress, reduce quality, or impair long-term maintenance and upgrades. Team and Management Risks: The project’s success depends on the expertise, stability, and effective coordination of the development team and management. Loss of key team members, internal conflicts, or governance inefficiencies could disrupt strategic direction and operational execution. Regulatory and Compliance Risks: The evolving legal landscape governing crypto-assets and blockchain technology may impose new or unexpected compliance obligations, licensing requirements, or restrictions that could delay, limit, or halt project activities. Partnership and Ecosystem Risks: The project may depend on third-party vendors, technology providers, or collaborators. Failures in these partnerships, such as breaches of contract, insolvency, or performance issues, can adversely impact development, deployment, or service continuity. Market Adoption Risks: The project’s utility and token value rely on user, developer, and partner adoption. Insufficient market acceptance, competition, or negative public perception may limit growth potential and overall success. Security Risks: The project must defend against cyber threats, including hacking attempts, data breaches, and exploits of vulnerabilities in smart contracts or infrastructure. Failure to maintain robust security measures may result in loss of funds or reputational damage. Operational Risks: Disruptions to network operations, governance processes, or critical infrastructure components can impact availability, transaction processing, or service quality, potentially undermining user trust and project viability. Technological Evolution Risks: Rapid changes in technology standards, blockchain protocols, or competitor innovations may require continuous adaptation. Failure to evolve effectively could render the project obsolete or less competitive. Participants and stakeholders should carefully consider these risks, conduct independent assessments, and seek professional advice before engaging with the project or acquiring associated crypto-assets. |
|
I.5 |
Technology- |
The technology underpinning crypto-asset projects involves complex and rapidly evolving systems that carry inherent risks which may impact functionality, security, and user experience. These risks include but are not limited to: Software Vulnerabilities: The blockchain protocol, smart contracts, middleware, and associated software may contain bugs or vulnerabilities that could be exploited to disrupt operations, compromise data integrity, or lead to loss of assets. Consensus Failures: Issues within the consensus mechanism, such as bugs or malicious attacks on validators, could result in network forks, double-spending, or inconsistent state across nodes, undermining trust and security. Scalability Challenges: The network may face limitations in throughput or transaction speed, especially under high demand, potentially causing congestion, increased fees, and degraded user experience. Interoperability Risks: Integration with other blockchains, Web2 systems, or third-party services may introduce compatibility issues, data inconsistencies, or security vulnerabilities. Upgradability Risks: While runtime upgrades allow enhancements without data loss, improper or malicious upgrades could introduce flaws or disrupt network stability. Cryptographic Risks: The security of the project depends on cryptographic algorithms which could be weakened over time due to advances in computing power or cryptanalysis, potentially exposing data or transactions to compromise. Dependency Risks: Reliance on external software libraries, infrastructure providers, or open-source components introduces risks if those dependencies contain flaws or are discontinued. Cybersecurity Threats: The project faces ongoing risks from hacking attempts, denial-of-service attacks, phishing, and other malicious activities aimed at compromising the network or user assets. User Error: Mismanagement of private keys, incorrect transaction handling, or inadequate security practices by users can lead to irreversible loss or theft of crypto-assets. Participants and stakeholders should understand these technology-related risks and implement appropriate security measures and due diligence when engaging with crypto-asset platforms. |
|
I.6 |
Mitigation measures |
To address and mitigate the risks associated with the underlying technology, the project implements multiple layers of safeguards, including but not limited to: Rigorous Security Audits: Conducting thorough independent security audits of smart contracts, blockchain protocols, middleware, and infrastructure to identify and remediate vulnerabilities before deployment. Use of Proven Frameworks: Leveraging well-established, pre-audited blockchain frameworks and components (e.g., Substrate pallets) to reduce exposure to unknown risks and enhance reliability. Consensus Protocol Design: Employing a robust and energy-efficient Enhanced Proof-of-Authority (EPoA) consensus mechanism designed to provide deterministic finality, reduce attack surfaces, and ensure network stability. Continuous Monitoring: Implementing real-time monitoring systems to detect anomalies, suspicious activities, or performance bottlenecks in the network and infrastructure. Governance Controls: Utilizing on-chain governance processes and upgrade mechanisms to allow secure, transparent, and community-approved protocol updates. User Security Education: Providing guidance and tools to help users safeguard private keys and adopt best security practices to prevent loss or theft of tokens. Incident Response Plans: Establishing protocols and teams to respond promptly to security incidents, network failures, or other emergencies to minimize impact. Redundancy and Scalability: Designing the infrastructure with redundancy and auto-scaling capabilities to maintain service availability under varying loads and potential failures. These mitigation measures collectively enhance the security, reliability, and resilience of the technology ecosystem, reducing the likelihood and impact of technological risks. |
|
Part A - Information about the offeror or the person seeking admission to trading | ||
|
A.1 |
Name |
Gen6 |
|
A.2 |
Legal form |
Gen6 USA LLC |
|
A.3 |
Registered address |
131 CONTINENTAL DRIVE SUITE 305 NEWARK County: New Castle DE Postal Code: 19713 |
|
A.4 |
Head office |
131 CONTINENTAL DRIVE SUITE 305 NEWARK County: New Castle DE Postal Code: 19713 |
|
A.5 |
Registration date |
2025-04-21 |
|
A.6 |
Legal entity identifier |
Not applicable |
|
A.7 |
Another identifier required pursuant to applicable national law |
EIN 36-5138077 |
|
A.8 |
Contact telephone number |
(862) 418-5406 |
|
A.9 |
E-mail address |
contact@gen6.life |
|
A.10 |
Response time (Days) |
7 days |
|
A.11 |
Parent company |
Not Applicable |
|
A.12 |
Members of the management body |
Mr. Tamás David Pethes
|
|
A.13 |
Business activity |
Gen6 USA LLC specializes in delivering cutting-edge blockchain solutions and digital services on its public blockchain infrastructure. Key activities support and drive innovation through research and development, supporting decentralized systems, facilitating ecosystem growth, and advancing strategic partnerships to foster a robust and sustainable technological environment. |
|
A.14 |
Parent company business activity |
Not Applicable |
|
A.15 |
Newly established |
false |
|
A.16 |
Financial condition for the past three years |
Not Applicable |
|
A.17 |
Financial condition since registration |
Gen6 USA LLC is a newly incorporated entity with no direct financial history to date. However, the project has been bootstrapped through non-dilutive grants totaling $1,250,000 USD, which have supported its early-stage operations and initiatives. Currently, Gen6 USA LLC has no outstanding liabilities, debts, or financial commitments, and there are no known financial risks or uncertainties impacting its long-term sustainability.
|
|
Part B - Information about the issuer, if different from the offeror or person seeking admission to trading | ||
|
B.1 |
Issuer different from offeror or person seeking admission to trading |
false |
|
B.2 |
Name |
Not applicable |
|
B.3 |
Legal form |
Not applicable |
|
B.4 |
Registered address |
Not applicable |
|
B.5 |
Head office |
Not applicable |
|
B.6 |
Registration date |
Not applicable |
|
B.7 |
Legal entity identifier |
Not applicable |
|
B.8 |
Another identifier required pursuant to applicable national law |
Not applicable |
|
B.9 |
Parent company |
Not applicable |
|
B.10 |
Members of the management body |
Not applicable |
|
B.11 |
Business activity |
Not applicable |
|
B.12 |
Parent company business activity |
Not applicable |
|
Part C- Information about the operator of the trading platform in cases where it draws up the crypto-asset white paper and information about other persons drawing the crypto-asset white paper pursuant to Article 6(1), second subparagraph, of Regulation (EU) 2023/1114 | ||
|
C.1 |
Name |
Not applicable |
|
C.2 |
Legal form |
Not applicable |
|
C.3 |
Registered address |
Not applicable |
|
C.4 |
Head office |
Not applicable |
|
C.5 |
Registration date |
Not applicable |
|
C.6 |
Legal entity identifier |
Not applicable |
|
C.7 |
Another identifier required pursuant to applicable national law |
Not applicable |
|
C.8 |
Parent company |
Not applicable |
|
C.9 |
Reason for crypto-Asset white paper Preparation |
Not applicable
|
|
C.10 |
Members of the Management body |
Not applicable |
|
C.11 |
Operator business activity |
Not applicable |
|
C.12 |
Parent company business activity |
Not applicable |
|
C.13 |
Other persons drawing up the crypto-asset white paper according to Article 6(1), second subparagraph, of Regulation (EU) 2023/1114 |
Not applicable |
|
C.14 |
Reason for drawing the white paper by persons referred to in Article 6(1), second subparagraph, of Regulation (EU) 2023/1114 |
Not applicable |
|
Part D- Information about the crypto-asset project | ||
|
D.1 |
Crypto-asset project name |
Gen6 |
|
D.2 |
Crypto-assets name |
GSX |
|
D.3 |
Abbreviation |
GSX |
|
D.4 |
Crypto-asset project description |
Gen6 is a decentralized infrastructure protocol designed to facilitate secure, verifiable, and interoperable digital interactions. It provides a modular blockchain framework that integrates digital identity, event verification, privacy tools and cross-chain communication capabilities. The platform enables users to engage with decentralized applications and services without requiring in-depth technical knowledge of blockchain technologies. Utility-Driven: The GSX token is designed solely to enable access to functionalities within the Gen6 blockchain, including identity verification, event validation, and interaction with governance mechanisms inside the protocol and its decentralized applications. It does not carry any ownership or profit rights. Decentralized & Interoperable: Gen6 is a public infrastructure layer that supports communication across blockchain networks. It enables users and developers to engage with decentralized tools without reliance on centralized intermediaries. Non-Investment Nature: The GSX token is not intended as an investment vehicle and includes no embedded legal claims, dividends, or profit-sharing mechanisms. Its sole purpose is to function as a technical medium within the Gen6 protocol. |
|
D.5 |
Details of all natural or legal persons involved in the implementation of the crypto-asset project |
Issuer Development Team: |
|
D.6 |
Utility Token Classification |
true |
|
D.7 |
Key Features of Goods/Services for Utility Token Projects |
The GSX utility token provides access to key features within the Gen6 blockchain, including creating and managing digital identities, event verification and ticketing, using the RealSeal digital signature tool, and participating in decentralized governance. The token is strictly functional, enabling interaction with protocol-specific features. |
|
D.8 |
Plans for the token |
Gen6 envisions the GSX token as the primary mechanism for securing, governing, and incentivizing its decentralized ecosystem. Following the TGE (Token Generation Event), the GSX token will enable decentralized on-chain governance, allowing token holders to propose and vote on upgrades. The GSX token serves as the driving force of the ecosystem, used to enable transaction fees and interact with decentralized applications. The above outlines are provided for informational purposes only. Actual implementation and timing may vary and are subject to community governance decisions and evolving regulatory or market conditions. |
|
D.9 |
Resource allocation |
The development of the Gen6 blockchain project has been funded through a Polkadot Treasury grant and early contributors. These resources have supported protocol design, infrastructure deployment, middleware integration, and core application creation. Financial and human resources have been allocated to blockchain infrastructure, OS development, UI/UX design, legal and compliance efforts (including MiCA-aligned documentation), security audits, and operational coordination. The project remains free from external debt and maintains full operational independence. Resource planning will continue to align with technical milestones and ecosystem needs. |
|
D.10 |
Planned use of Collected funds or crypto-Assets |
Collected funds or crypto-assets are intended to be used for infrastructure, security, audits, compliance, legal and regulatory requirements, documentation, operational administration, and maintenance of the Gen6 ecosystem. A limited portion may be used for secondary-market liquidity arrangements solely to facilitate trading accessibility and orderly market functioning. No such use creates redemption rights, reserve backing, or any mechanism intended to maintain a stable value of GSX by reference to any asset, right, official currency, crypto-asset, or combination thereof. |
|
Part E - Information about the offer to the public of crypto-assets or their admission to trading | ||
|
E.1 |
Public offering or admission to trading |
OTPC |
|
E.2 |
Reasons for public offer or admission to trading |
The public offer of GSX is intended to enable participants, contributors, and early users to access and use the Gen6 ecosystem and its functionalities, including protocol-level and application-layer services. The offer supports the availability and adoption of GSX as a utility token within the Gen6 ecosystem. |
|
E.3 |
Fundraising target |
$ 420,000 USD |
|
E.4 |
Minimum subscription goals |
Not applicable |
|
E.5 |
Maximum subscription goals |
$ 420,000 USD |
|
E.6 |
Oversubscription acceptance |
false |
|
E.7 |
Oversubscription allocation |
Not applicable |
|
E.8 |
Issue price |
0.20 |
|
E.9 |
Official currency or any other crypto-assets determining the issue price |
USD |
|
E.10 |
Subscription fee |
Not applicable |
|
E.11 |
Offer price determination method |
The offer price for the GSX token is set at USD $0.20. This price is determined by taking into account the total supply outlined in the tokenomics, ensuring alignment with the project’s development objectives. |
|
E.12 |
Total number of offered/traded crypto-assets |
2,400,000 |
|
E.13 |
Targeted holders |
ALL |
|
E.14 |
Holder restrictions |
Excluded purchasers include residents of the US (and its territories), Canada, China, and certain jurisdictions, and other sanctioned territories as defined by EU regulations, FATF guidelines and relevant regulations. Persons or entities subject to mandatory sanctions or other restrictive measures pursuant to the applicable regulations, may not be token holders. Purchasers must comply with relevant regulations and legal requirements. Some purchasers, including retail buyers in restricted regions, politically exposed persons (PEPs), and those flagged under AML risk assessments, may not be allowed to purchase the token. Additionally, tokens purchased in the sale may have holding periods or transfer restrictions imposed by the platforms to ensure compliance with applicable laws. |
|
E.15 |
Reimbursement notice |
‘Purchasers participating in the offer to the public of crypto-asset 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 provided for in Article 13 of Regulation (EU) 2023/1114 of the European Parliament and of the Council or if the offer is cancelled’ |
|
E.16 |
Refund mechanism |
Purchasers may obtain a refund if they validly exercise the right of withdrawal under Article 13 of Regulation (EU) 2023/1114 within 14 calendar days from receipt of confirmation of participation, or if the offer is cancelled. Refunds will be processed using the same method of payment originally used for the purchase where possible. |
|
E.17 |
Refund timeline |
Upon receipt of a valid withdrawal request, or upon cancellation of the offer, the Issuer will process the reimbursement within 14 calendar days, using the original payment method where possible. |
|
E.18 |
Offer phases |
The public offering of the GSX tokens will take place through the Issuer’s official channels, ensuring compliance with Regulation (EU) 2023/1114 and providing fair access to eligible participants.
The offering will be time-limited, and participation will be restricted to eligible persons from eligible jurisdictions. |
|
E.19 |
Early purchase discount |
The seed round of the GSX tokens is being offered at a price of $0.20 per token. This is offered to early participants as a way to encourage initial engagement with the platform. Early purchasers are helping to lay the foundation for the platform’s future growth. While the early price may result in a higher supply of tokens in circulation, it is important to note that this pricing structure is designed to help establish the utility of the token within the ecosystem. The goal is to support the widespread use and adoption of the token, ensuring that it becomes a functional asset for platform participants. The Issuer is committed to maintaining fairness and transparency throughout the offering process. |
|
E.20 |
Time-limited offer |
true |
|
E.21 |
Subscription period beginning |
2026-05-15 |
|
E.22 |
Subscription period end |
2026-06-30 |
|
E.23 |
Safeguarding arrangements for offered funds/crypto-Assets |
The funds and GSX crypto-assets offered during the time-limited offering to the public will be securely safeguarded in compliance with Article 10 of Regulation (EU) 2023/1114. During the offering period and the withdrawal period, the Issuer will implement a range of security measures to ensure the protection of assets, including: A significant portion of the offered crypto-assets will be stored in cold storage (offline wallets) to reduce the risk of hacking or unauthorized access. Access to the crypto-assets will require multiple signatures, ensuring that no single party can access the funds or assets without authorization from other designated parties. During the withdrawal period, participants will be required to follow a secure process to withdraw their assets, with additional safeguards in place to ensure that the assets are only transferred to authorized accounts. |
|
E.24 |
Payment methods for crypto-asset purchase |
Payments can be made using USDC and USDT coins on EVM (Ethereum, Base) and Binance (BNB) chains. |
|
E.25 |
Value transfer methods for reimbursement |
In the event that purchasers are entitled to a reimbursement, the Issuer will utilize secure and efficient methods for transferring the value back to the purchasers. The reimbursement will typically be processed through the same method of payment used during the initial purchase, where possible, to ensure a seamless and straightforward transaction. Should a purchaser's original payment method be unavailable or unfeasible, alternative transfer methods may be used, with prior agreement from the purchaser. The Issuer is committed to ensuring that all reimbursement processes are carried out promptly and in full compliance with applicable regulations. |
|
E.26 |
Right of withdrawal |
In accordance with Article 13 of Regulation (EU) 2023/1114, purchasers have the right to withdraw from the offer within a specified period, without providing any reason. The withdrawal period will commence from the moment the purchaser receives confirmation of their participation in the offer. The right of withdrawal can be exercised by notifying the Issuer in writing, via the official communication channels (such as email). Purchasers must submit their request for withdrawal within the withdrawal period, which is 14 calendar days from the receipt of the confirmation of participation. Upon receipt of a valid withdrawal request, the Issuer will promptly process the refund or reimbursement, according to the original payment method, within 14 calendar days. Any crypto-assets or funds provided by the purchaser will be returned, ensuring the return of the full amount paid. The right of withdrawal may be waived or limited in certain cases, such as once the purchaser has completed the transaction or when the service has been fully rendered, in accordance with the relevant provisions under Regulation (EU) 2023/1114. |
|
E.27 |
Transfer of purchased crypto-assets |
The purchased GSX crypto-assets will be subject to a linear vesting period of 18 months. During this period, the tokens will be equally distributed over the course of the vesting schedule to the wallet from which the purchase was made. The distribution will occur on a monthly basis, with the first transfer taking place after the TGE (Token Generation Event) 21.09.2026. and subsequent transfers made on the same day of each month for the duration of the 18-month period. The transferred crypto-assets will be sent directly to the purchaser's wallet associated with the original purchase, ensuring that the assets are transferred securely and in compliance with the Issuer’s policies. The Issuer is committed to ensuring that the vesting and transfer process is transparent and reliable, and will provide regular updates to holders regarding the status of their vested assets. |
|
E.28 |
Transfer time schedule |
The transfer of purchased GSX crypto-assets to the holders will follow a linear vesting schedule, starting on the TGE (Token Generation Event) 2026-09-21. The transfers will be made on a monthly basis, with each transfer occurring on the 21th of every month for the duration of the 18-month vesting period. The detailed transfer schedule is as follows:
Subsequent Transfers: Every 21th day of each subsequent month, continuing until the final transfer on 2028-02-21. Each transfer will be equally distributed, ensuring that the assets are transferred in line with the vesting schedule to the wallet from which the purchase was originally made. |
|
E.29 |
Purchaser's technical requirements |
In order to securely hold the GSX crypto-assets, the purchaser is required to meet the following technical requirements:
|
|
E.30 |
Crypto-asset service provider (CASP) name |
The crypto-asset service provider (CASP) responsible for the placing of GSX crypto-assets in the seed round is Gen6 USA LLC, a USA-based limited liability company. Gen6 USA LLC will manage the offering, including the onboarding, verification, and transfer of crypto-assets to eligible purchasers. |
|
E.31 |
CASP identifier |
Gen6 USA LLC - 36-5138077 |
|
E.32 |
Placement form |
WOUT |
|
E.33 |
Trading platforms name |
Not applicable |
|
E.34 |
Trading platforms Market identifier code (MIC) |
Not applicable |
|
E.35 |
Trading platforms access |
Not applicable |
|
E.36 |
Involved costs |
Not applicable |
|
E.37 |
Offer expenses |
Not applicable |
|
E.38 |
Conflicts of interest |
No conflicts of interest have been identified. |
|
E.39 |
Applicable law |
Laws of Latvia |
|
E.40 |
Competent court |
Latvia |
|
Part F - Information about the crypto-assets | ||
|
F.1 |
Crypto-asset type |
The GSX token is a crypto-asset other than asset-referenced token or e-money token. |
|
F.2 |
Crypto-asset functionality |
The GSX token serves as the native utility token within the Gen6 blockchain ecosystem. It is required for accessing and operating protocol-level functionalities (i.e. covering transaction fees), including identity validation, decentralized governance voting, encrypted messaging, interaction with distributed event management applications. The token is not intended for speculative or investment purposes and does not represent ownership, revenue rights, or claims to profits. |
|
F.3 |
Planned application of functionalities |
The GSX token is intended to function as a utility token within the Gen6 ecosystem, supporting platform activities and enabling access to decentralized services and tools. The Issuer plans to make core functionalities of the token available progressively in alignment with the platform’s development roadmap. The initial set of token functionalities is expected to become available on or after 2026-06-05. These functionalities will include the ability to participate in decentralized governance processes and support interactions within decentralized applications (dApps) such as verified identity, encrypted messaging, proofs of events, and related ecosystem services. Participation in governance and engagement in ecosystem activities will require the token to be held in a compatible wallet capable of interacting with the Gen6 blockchain infrastructure. Additional functionality and integration with further Gen6 applications and platform components will be enabled in subsequent development phases as the ecosystem matures and security testing is completed. The Issuer will communicate updates to the activation timeline and available functionalities through official channels. |
|
A description of the characteristics of the crypto-asset, including the data necessary for classification of the crypto-asset white paper in the register referred to in Article 109 of Regulation (EU) 2023/1114, as specified in accordance with paragraph 8 of that Article | ||
|
F.4 |
Type of crypto-asset white paper |
OTHR |
|
F.5 |
The type of submission |
NEWT |
|
F.6 |
Crypto-asset characteristics |
GSX is a native utility token of the Gen6 blockchain, issued directly on its own layer-1 infrastructure. It is a non-custodial, transferable digital asset that operates without intermediaries. GSX is used exclusively within the Gen6 ecosystem to enable decentralized identity verification, access to event-layer services and governance participation. The token has no underlying asset, does not represent ownership rights or entitlements, and is not designed as a means of payment or investment. |
|
F.7 |
Commercial name or trading name |
GSX |
|
F.8 |
Website of the issuer | |
|
F.9 |
Starting date of offer to the public or admission to trading |
2026-05-15 |
|
F.10 |
Publication date |
2026-05-07 |
|
F.11 |
Any other services provided by the issuer |
Not applicable |
|
F.12 |
Language or languages of the crypto-asset white paper |
English |
|
F.13 |
Digital token identifier code used to uniquely identify the crypto-asset or each of the several crypto assets to which the white paper relates, where available |
GQWFR0JMD
|
|
F.14 |
Functionally fungible group digital token identifier, where available |
6847PC6BH |
|
F.15 |
Voluntary data flag |
false |
|
F.16 |
Personal data flag |
true |
|
F.17 |
LEI eligibility |
false |
|
F.18 |
Home Member State |
Latvia |
|
F.19 |
Host Member States |
Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden |
|
Part G - Information on the rights and obligations attached to the crypto-assets | ||
|
G.1 |
Purchaser rights and obligations |
Holders of the GSX token receive utility rights within the Gen6 ecosystem. Obligations: |
|
G.2 |
Exercise of rights and obligations |
Holders of the GSX token exercise their rights and fulfill their obligations by interacting directly with the Gen6 blockchain protocol through compatible software interfaces, including official Gen6 applications and other supported wallet solutions. The exercise of rights — such as participation in governance mechanisms, access to ecosystem functionalities, identity verification processes — is conducted through on-chain transactions executed by the token holder. In order to exercise such rights, token holders must: – Maintain sole and secure control of the private cryptographic keys associated with their wallet; Rights and obligations are exercised exclusively through protocol-level interactions and are subject to the operational rules encoded in the Gen6 blockchain infrastructure. Any procedural updates resulting from protocol upgrades or governance decisions will be communicated through official Gen6 channels. |
|
G.3 |
Conditions for modifications of rights and obligations |
The rights and obligations attached to the GSX token may be modified through proposals submitted and discussed within the Gen6 governance framework. Any such modifications require approval by token holders through voting or consensus mechanisms. All changes must comply with applicable laws and regulatory requirements and be publicly documented. Modifications will not alter the fundamental utility nature of the token. |
|
G.4 |
Future public offers |
Following the completion of the Seed Round, the Issuer plans to conduct a subsequent public offering phase in the form of a pre-sale of GSX tokens. Any future public offering will be conducted within the limits of the previously disclosed total token supply and allocation framework described in this document. No additional tokens will be created beyond the fixed maximum supply defined herein. The structure, timing, allocation parameters, and applicable conditions of any future public offer will be communicated in advance through the Issuer’s official communication channels and will comply with applicable regulatory requirements. |
|
G.5 |
Issuer retained crypto-assets |
15 600 000 |
|
G.6 |
Utility token classification |
true |
|
G.7 |
Key features of goods/services of utility tokens |
The GSX utility token provides access to core functionalities within the Gen6 blockchain ecosystem. These include digital identity verification, event authentication and ticketing, decentralized governance participation and encrypted communication. Token holders gain the ability to interact with and utilize these features at scale, with token quantity corresponding to participation level or access privileges within the ecosystem. |
|
G.8 |
Utility tokens redemption |
GSX tokens primarily provide access to functionalities within the Gen6 ecosystem, including identity verification, event participation and governance. The token is not redeemable by the issuer for cash or financial instruments and is intended solely as a utility token within the platform. |
|
G.9 |
Non-trading request |
false |
|
G.10 |
Crypto-assets purchase or sale modalities |
Following the Token Generation Event (TGE), the Issuer intends to seek admission to trading of GSX tokens on selected centralized crypto-asset trading platforms (CEX) and decentralized exchanges (DEX), subject to regulatory compliance and market conditions. |
|
G.11 |
Crypto-assets transfer restrictions |
GSX tokens are generally transferable without restrictions on the Gen6 blockchain. However, transfers may be subject to network protocol rules and technical requirements necessary to maintain security and integrity. Certain transfers may be restricted or require compliance with applicable laws, such as anti-money laundering (AML) and know-your-customer (KYC) regulations, especially when tokens are traded on regulated platforms. The issuer does not impose additional transfer restrictions beyond those inherent in the blockchain protocol or regulatory obligations. |
|
G.12 |
Supply adjustment protocols |
true |
|
G.13 |
Supply adjustment mechanisms |
The GSX token supply can be adjusted through runtime upgrades of the Gen6 blockchain, enabling the protocol to increase or decrease the total token supply as determined by governance decisions. These adjustments are executed by modifying the blockchain’s runtime logic, which controls token issuance and burning mechanisms. Such changes are subject to on-chain voting and community consensus, ensuring transparency and alignment with ecosystem needs. No automatic or algorithmic supply changes occur without explicit governance approval. |
|
G.14 |
Token value protection schemes |
false |
|
G.15 |
Token value protection schemes description |
Not applicable |
|
G.16 |
Compensation schemes |
false |
|
G.17 |
Compensation schemes description |
Not applicable |
|
G.18 |
Applicable law |
Latvia |
|
G.19 |
Competent court |
Latvia |
|
Part H – information on the underlying technology | ||
|
H.1 |
Distributed ledger technology (DTL) |
The Gen6 blockchain is built on the Substrate framework, a highly modular and extensible platform for blockchain development. Substrate enables customization of core components such as consensus algorithms, runtime logic, and governance systems, supporting scalable and application-specific blockchain implementations. Gen6 Validators - Substrate Framework: EPoA – Enhanced Proof-of-Authority: Gen6 Middleware: Operating System of Gen6: Gen6 Ops Manager: Gen6 SDK: Together, these components form a robust, scalable, and secure blockchain infrastructure designed to power the Gen6 ecosystem and its native utility token, GSX. |
|
H.2 |
Protocols and technical standards |
The Gen6 blockchain operates using the Substrate framework, which supports modular and customizable blockchain protocols adhering to modern industry standards. Key protocols and standards include: Enhanced Proof-of-Authority (EPoA): A proprietary consensus mechanism optimized for fast, deterministic block validation with minimal computational overhead, configurable block times, and enterprise-grade reliability. Web3 and Web2 interoperability: Achieved through the Gen6 Middleware, enabling secure API integrations and event-driven workflows between decentralized and centralized systems. Runtime upgrades: Supported by Substrate’s flexible runtime environment, allowing seamless blockchain logic updates without disrupting stored data or network integrity. Standard cryptographic algorithms: Including SHA-256 hashing, asymmetric key cryptography, and digital signatures, securing transactions, identity, and data immutability. GGS-1: Gen6 Identity Standard: Self-issued and digitally signed identity, created using the Gen6 standard format. To create a valid Gen6 identity, its hash needs to be submitted to the Gen6 Public Blockchain: for keeping the proof of existence immutable. The identity data can be stored anywhere chosen by the issuer's Self. |
|
H.3 |
Technology used |
The Gen6 platform combines advanced blockchain protocols and supporting technologies to deliver a secure, scalable, and user-friendly ecosystem. As described above, Gen6 uses the Substrate framework, Enhanced Proof-of-Authority consensus, a distributed storage network, specialized operating systems, and developer tools. Together, these components enable reliable blockchain operations, integration with Web2, and compliance with regulatory requirements. |
|
H.4 |
Consensus mechanism |
Gen6 utilizes an Enhanced Proof-of-Authority (EPoA) consensus algorithm, designed to deliver fast, deterministic block validation with minimal computational overhead. EPoA ensures network security, stability, and scalability by relying on a set of trusted validators that produce blocks in a controlled, energy-efficient manner. The consensus protocol supports configurable block times to optimize performance based on network conditions and application requirements, making it suitable for both public and private blockchain deployments. |
|
H.5 |
Incentive mechanisms and applicable fees |
The Gen6 blockchain secures transactions and network operations through a system of incentives for validators. Validators receive GSX token rewards based on their participation in transaction validation and consensus activities, encouraging reliable and continuous network performance. Transaction fees are designed to be minimal, supporting high throughput and scalability while preventing network spam. Fee structures and incentive parameters may be adjusted via governance mechanisms to maintain optimal network health and fairness. |
|
H.6 |
Use of distributed ledger technology |
true |
|
H.7 |
DLT functionality description |
The Gen6 blockchain is a distributed ledger technology operated by the issuer and a decentralized network of validator nodes. It maintains an immutable record of all transactions and smart contract executions related to the GSX token and Gen6 ecosystem. Key functionalities include: Consensus: The network uses an Enhanced Proof-of-Authority (EPoA) consensus mechanism, where trusted validators produce and finalize blocks efficiently and securely. Modular architecture: Built on the Substrate framework, allowing runtime upgrades, customizable governance, and protocol enhancements without data loss. Transaction processing: High throughput and low latency are achieved through optimized middleware handling batching, caching, and dynamic load balancing. Interoperability: Middleware bridges Web2 and Web3 environments, enabling seamless integration with external APIs and enterprise systems. Security: Cryptographic algorithms protect transaction integrity, user identity, and data privacy. |
|
H.8 |
Audit |
true |
|
H.9 |
Audit outcome |
An independent security audit of the Gen6 technology stack was conducted, focusing on core components including the Substrate-based blockchain framework, Enhanced Proof-of-Authority consensus, middleware, and distributed storage integration. The audit concluded with no major vulnerabilities identified. Minor issues discovered during the process were promptly addressed by the development team to enhance overall security and system robustness. |
|
Part J – Information on the sustainability indicators in relation to adverse impact on the climate and other environment-related adverse impacts | ||
|
J.1 |
Adverse impacts on climate and other environment-related adverse impacts |
Based on the information currently available, the devices used within the Gen6 infrastructure are designed to operate with comparatively low energy consumption relative to many traditional blockchain architectures. In selecting the hardware components, emphasis was placed on energy efficiency and operational optimization in order to minimize electricity usage while maintaining required performance standards. As a result, the estimated carbon footprint per device remains limited, even when multiple units are deployed across different regions. Actual environmental impact may vary depending on local energy generation mixes and usage patterns. The carbon footprint per kilowatt-hour varies by technological approach and thus adheres to different emission standards across countries and regions. For this reason, we determine an average value, taking examples from countries with strict regulations, with a current average of 0.475 kg CO₂/kWh. Our devices' energy consumption can be divided into various load phases, each with different power requirements:
According to our available tests, the devices may experience the following loads over a 24-hour period:
From this information, we can calculate the annual carbon footprint per device as follows:
Total daily energy consumption = 32 Wh + 200 Wh + 385 Wh + 240 Wh = 857 Wh = 0.857 kWh This results in an annual consumption per device of: 0.857 kWh/day × 365 days = 312.80 kWh With the current carbon emission factor per kilowatt-hour, we can calculate the carbon emissions per device: Annual carbon emissions = 312.80 kWh × 0.475 kg CO₂/kWh = 148.58 kg CO₂ It is important to note that energy production varies by country, so this value may be higher or lower depending on regional factors. Depending on specific needs, Gen6 infrastructures will contain varying numbers of devices. To calculate the exact carbon footprint of a particular infrastructure, the above-mentioned result should be multiplied by the number of devices. Carbon Emission Comparison: To put things into perspective, here’s a comparison of carbon emissions: Regular Car: A typical gasoline car emits approximately 2.1 metric tonnes (2,100 kg) of CO₂ per year, based on an average driving distance of 13,500 miles. Bitcoin Mining Rig: The carbon footprint of a Bitcoin mining rig varies, but a single mining machine can emit between 900 kg and 2,100 kg of CO₂ annually, depending on the energy source and operational conditions. Sources: https://www.eea.europa.eu/en/analysis/indicators/co2-performance-of-new-passenger Token Carbon Emissions: Applying an emission factor of 0.475 kg CO₂ per kWh, the estimated carbon emission per transaction is approximately 0.000166 kg CO₂. Based on projected annual transaction volumes of approximately 5,000,000 transactions, the total estimated annual carbon emissions attributable to GSX transactions are approximately 831 kg CO₂. The emission factor of 0.475 kg CO₂ per kWh represents an applied average grid intensity assumption for calculation purposes. Actual emissions may vary depending on the geographic distribution of network participants and the local energy mix. |