ERC-20’s first cross-chain

decentralized exchange

- Provider of Ordinals application solutions -

Part One

Industry Background

Part Two

Platform Introduction

Part Three

Platform advantages

Part Four

Platform Development
Part One

Industry Background
Part One

Industry Background

Bitfinex released a special outlook report for 2024: the total

market capitalization of the crypto market is expected to rise
from the current $1.6 trillion to $3.2 trillion, and the number of
global cryptocurrency users is expected to increase from the
current 575 million to between 850 million and 950 million.
Part One

Industry Background

According to news released by authoritative media in the United States, since the approval of the

Bitcoin ETF, it has driven the rise of Bitcoin. The total global ETF assets are now as high as $50

billion, according to the Blockworks website.

Part One

Bitcoin Halving

What is Bitcoin Halving?

Bitcoin halving occurs every 210,000 blocks when the block reward
is halved. This event happens approximately every four years. The
fourth Bitcoin halving is expected to occur on April 23, 2024, at block
height 840,000.

After each halving, the block reward decreases, starting from 50 BTC
per block initially, to the current reward of 6.25 BTC. In the 2024
halving event, the reward will decrease to 3.125 BTC.

Halving reduces the rate at which new bitcoins are generated,

slowing down the issuance speed, which has a significant impact on
the price of Bitcoin. Historically, each Bitcoin halving has been
closely related to a bull market cycle in the entire crypto market
 Part One

Industry Background

Bitcoin Halving Cycles and Market Trends

Bitcoin has undergone three halvings, referred to as halving
cycles:

• First halving cycle (2012.11.28-2016.07.10): This cycle led

to two bull markets in April and November 2013. In the first
bull market, the price of Bitcoin rose from $12 to $288, a
2300% increase. In the second bull market, the price rose
from $66 to $1242, a 1782% increase.

• Second halving cycle (2016.07.10-2020.05.12): This cycle

led to a bull market in December 2017, where the price of
Bitcoin rose from $648 to $19800, a 4158% increase.

• Third halving cycle (2020.05.12-?): This cycle led to two

bull markets in April and November 2021. In the first bull
market, the price rose from $8181 to $64895, a 693%
increase. In the second bull market, the price rose from
$29296 to $69000, a 135% increase.
Part One

Industry Background

As an innovative payment method and value storage medium, Bitcoin has attracted widespread attention to cryptocurrencies and
blockchain technology globally. However, as the Bitcoin ecosystem continues to mature and expand, it faces various challenges,
including scalability issues, limitations in issuing tokens/smart contracts, and transaction speed.

Scalability Issues limitation Transaction Speed

Bitcoin scalability refers to It is impossible to directly Bitcoin itself uses a
increasing the capacity of the issue tokens/smart contracts technology called
Bitcoin network to handle at the L1 layer of Bitcoin. "blockchain." One drawback
more transactions to meet Technical limitations lead to of this mechanism is that
the growing demand. Due to the need for the inscription each block has a limited size
the block size limit and market to be extended and and can only record about 7
transaction confirmation time expanded at the L2 layer. transactions per second,
constraints, scalability has which is clearly insufficient to
become an important issue meet normal transaction
for the Bitcoin community. demands.
Part One

Inscription Technology
• If Bitcoin is considered digital gold, inscriptions refer to the process of embedding arbitrary data into
the Bitcoin blockchain through transaction witnesses.

• In late December 2022, Casey Rodarmor introduced the concepts of Bitcoin ordinals and inscriptions
to the public, bringing NFTs to the Bitcoin network. A Bitcoin Inscription is a piece of metadata
inscribed on satoshis (the smallest unit of Bitcoin) using ordinals, also known as "Bitcoin NFTs."

• The Ordinals protocol is a system that numbers each satoshi in the Bitcoin network. Since there are
21 million BTC, this protocol also allows for data to be embedded into Bitcoin, a process called
inscribing. The inscribed data, known as inscriptions, give satoshis uniqueness and scarcity. Each
satoshi is sorted and has unique characteristics and a unique number. These satoshis with different
rare features are called inscriptions.

• With the rapid development of blockchain technology, various cryptocurrency and token protocols
have emerged. While the Ethereum ERC-20 token protocol became an industry standard, the Bitcoin
community introduced the experimental BRC-2 token standard. The BRC-20 standard, based on the
Bitcoin network, records data on satoshis to issue and manage tokens. This was a significant
development as it brought NFTs and other tokens into the Bitcoin ecosystem, addressing the long-
standing issue of Bitcoin's limited extensibility compared to Ethereum.
Part One

Inscription Myth

On March 8, 2023, an anonymous developer named

@domodata based ordinals Protocol launches BRC-20
Inscription Protocol and deploys experimental token
$ORDI. On March 9, ORDI was completed by mint. The
cost of one mint is 2-3 There are about 1000 of ORDI
in USD. The unit price of ORDI is 00.03 USD.

And now. ORDI is priced at US$67 each. In 9 months,

it raise from $0.003 to the highest $92, nearly
30,000 times!!!

The popularity of the $ORDI token showcased the

potential of the inscription sector, injecting a huge
growth imagination into the Bitcoin ecosystem. From
the initial boom in the inscription market sparked by
BRC-20 to the opportunities brought by Bitcoin's
second layer and Nostr with the Lightning Network,
and the long-term vitality injected by the RGB
protocol, the Bitcoin ecosystem is on the verge of
exploding with potential as it approaches the 2024
halving and the adoption of BTC ETFs.
Part One

Different Chain Inscriptions

ETHS

Ethscriptions use Ethereum's calldata to implement inscriptions, a

more economical and decentralized method compared to contract
storage.

SOLS

SOLS is a token issued under the SPL (Solana Program Library)

standard, inspired by the Bitcoin BRC-20 standard. SPL-20
inscriptions are unique Solana addresses containing images or
metadata stored directly on the blockchain. This token standard
simplifies the creation and functionality of tokens within the
network and promotes the development of a strong DeFi
ecosystem.

AVAS

ASC-20 is the Avalanche chain's BRC-20 token standard based

on the Ordinals protocol. AVAS was the first token deployed on
the ASC-20 protocol on June 29, 2023.
Part One

Major Exchanges Embracing the Inscription Ecosystem

Binance
OKX
Binance launched the Scribe token section.
OKX launched the Scribe wallet and Scribe token.
Launched the Web3 wallet.
Supports different main chain Scribe engravings.
Launched the Scribe trading market.
Launched the Scribe trading market.

Major exchanges launched

Inscription tokens/Inscription
wallets.

Bitget bybit Bybit

Bitget launched the Scribe wallet and Scribe Bybit launched the Scribe wallet and Scribe
token. token.

Launched the GetScribe Scribe tool. Launched the Scribe trading market.

Supports ARC-20 Scribe. Launched the Scribe launchpad.

Part One

Industry Background

Low in liquidity? Unstable profit?

Inscriptions cannot Unpredictable

be traded? market trend?

Plunge and huge NFT cannot be

losses? transferred?

- Provider of Ordinals application solutions -

 ERC-20’s first cross-chain
decentralized exchange

- Provider of Ordinals application solutions -

 TubeDAO Foundation
Technical team Global Committee

Analyze and fix bugs Made up of multiple

Responsible for the communities
development of tube protocol Responsible for channeling
Develop and continuously liquidity
improve technical support Responsible for the future
plans planning of the tube protocol

Regulatory team Tubes token issuer

Regulatory compliance and Token circulation

compliance Circulating supply
risk assessment Ecosystem development
Relevant license application
tubeDAO Foundation and review

Registered in Marshall
Islands Republic
TubeDAO Foundation launched the

Website:
 TubeProtocol Has obtained
the US MSB license.
✓ Legal, reasonable, lawful.
✓ Provides safe, efficient, innovative financial
services.
✓ Builds a more convenient and trustworthy
digital financial ecosystem.

American MSB license is issued

by the US Treasury Department
✓ It is a type of financial license mainly regulating businesses related
to money services, including digital currency, virtual currency trading,
foreign exchange, international remittance, international payments,
etc.
✓ Companies engaging in the above-related businesses in the United
States must apply for an MSB license to operate legally.
TubeProtocol Core Technical Team
 Bitcoin enthusiast, started
researching Bitcoin and
started mining in 2010 Specializing in providing Program developer, joined Matic
market development for Network in 2017 and worked with
BITCOIN CORE TEAM was projects three co-founders
established, withhundreds of
technical programmers in the Participated in the Participated in the
team Ethereum 2.0 upgrade development of Matic
Network

Focus on Layer2 and wallet Contribute to Ethereum Specializing in cross-chain

technology EIP4844, EIP1153, EIP678 bridge wallets and DEFI
proposals ecology
Participated in global Bitcoin forums
to communicate with Bitcoin fans Bound to solve the current Will fully support the TUBE
from all over the world, established a technical pain points on the
Bitcoin social media group, and is mainnet, and will contribute to the
ecosystem with its own team
currently investing heavily in the TUBEDAO ecosystem next.
MAAD development of the Inscription
ecosystem. AP AZMAT
Worked for security Served well-known projects in
Web3 : AAVE, UNISWAP,
audit company Certik POLKADOT, SOLANA, SUI
ecology, etc.
Provide security audits for
well-known projects in the Specializing in providing
currency circle market development for
projects
Help currency circle projects
find contract security
loopholes to eliminate the Connected to thousands of KOLs
risk of hacker attacks and community influencers and
well-experienced in online and
offline promotions.
Aims to bring code
security resources and The strategy coverage reaches
technologies into the TUBE all over the world and will
KIRA protocol STELLAR bring all resources into
TUBEDAO
 Part Two

Platform Introduction
Part Two

Tube innovative ecosystem protocol

The Bitcoin blockchain stands as the pinnacle of consensus, orthodoxy, security, and decentralization. With the
introduction of BRC20 technology, the intrinsic value of the Bitcoin network has been further bolstered. Through the
TUBE protocol, Scribe will be tokenized, enabling its fractional trading, enhancing liquidity, and addressing the primary
challenge of liquidity within the current Scribe market. The TUBE protocol is set to pioneer the first BRC20 multi-chain
decentralized exchange. Upon achieving breakthroughs in cross-chain technology and DEF functionality within BRC20,
the platform will spearhead industry-leading ecological development, governed by transparent and secure operational
protocols. In the initial phase of technological ecosystem development, the platform's key functions include liquidity
staking, liquidity rewards, decentralized exchange, staking lending protocol, cross-chain protocol, and more.

staking
liquidity liquidity Decentralized Bridge Tubepay
lending Launchpad
staking rewards exchange protocol
protocol
Part Two

Bridge protocol

Tube decentralized exchange is Provide BRC-20 inscription tokens

built on ERC20 smart contracts to bridge to ERC-20
Part Two

Bridge protocol
Part Two

Bridge protocol

Bridge
ERC20 BRC20

SWAP
Part Two

Sharding protocol

Bridge OPERATION
After bridge to ERC20, the protocol will mint
ERC20 tokens corresponding to the amount
of BRC20 cross-chain transactions. These
ERC20 tokens are circulating tokens, freely
transferable, with no quantity restrictions,
and tradable on the TUBE decentralized
exchange.

ERC20 ORDI
EXAMPLE ERC20 ORDI circulating tokens
will be tradable within the TUBE
Bridge 1000 BRC20 ORDI decentralized exchange, enabling
Inscription will mint 1000 participation in staking,
ERC20 ORDI circulating exchange, and sharding trading.
tokens.
Part Two

Sharding protocol

Sharding protocol
Part Two

Bitcoin’s multi-layered protocol

BRC-20 token Standard

ORDI·SATS·TRAC Token

ERC-20 token standard

decentralized staking lending cross-chain

liquidity staking liquidity reward protocol
exchange protocol
Part Two

SATS, STX, ORDI, RATS, ATOM, MUB, ALEX, RIF,

PIPE, TRAC,STAMPS

Technical layer

Application layer
Tube Protocol Security Audit

The protocol has forged cooperation agreements with multiple blockchain

security audit firms to collaboratively establish a secure protocol
ecosystem. This ecosystem will cater to all projects listed on decentralized
exchanges in the future, ensuring their safety and reliability.
 Part Four

PLATFORM DEVELOPMENT
Part Four

Development road map

2023 Q1 2023 DEC

Cultivated BRC20 technology and collaboratively researched The first phase of tube protocol testing completed.
the future technological feasibility of BRC20 with the Ordinals
development team.

2023 Q3 2024 JAN

Development of the BRC20 cross-chain Tube protocol token tubes officially launched.
decentralized exchange, TubeProtocol.

2023 OCT 2024 Q1

Tubes completes all minting and launches tube protocol liquidity
Beta version of tube protocol launched.
staking, liquidity rewards, and decentralized exchange exchange
functions.
Part Four

Development road map(2024)

2024 Q2 2024 Q3
Launch Inscription BRC20 NFT trading market. Launch 100+ Inscription tokens into the tube protocol.

2024 Q2 2024 Q3
Officially launch various Inscription tokens, Launch Inscription token mortgage lending protocol.
open liquidity staking pools for Inscription
tokens, and trading functions.

2024 Q2 2024 Q4
Decentralized exchange daily trading volume exceeds 100 million
Launch Inscription launch platform.
USD.
Part Four

TUBES TOKEN

Total output: 39 million

ERC20 network
Mint 1000 tokens each time
Fair Launch 20%

Liquidity Staking Rewards 80%

Tubes inscription token minting was overwhelming
7800 sets in 1 hour

1950 sets in 1950 sets in 1950 sets in 1950 sets in 7

01 02 03 04
25 minutes 20 minutes 22 minutes minutes

Congratulations to those who have successfully minted

If you missed the minting phase, you can trade on the
secondary market.

The minting reaction reflects a phenomenon

[Demand for TUBES is greater than supply]
TUBES LIQUIDITY STAKING

Tube Protocol boasts a comprehensive

business model and ecosystem.

Liquidity is crucial for any exchange as it directly impacts the

stability, efficient operation, and user benefits of Tubes. It's a key
element in maintaining optimal market functionality for Tubes,
directly influencing its competitiveness, attractiveness, and
long-term sustainability.

Hence, implementing liquidity mining to attract

liquidity will be an important step.
 TUBES LIQUIDITY MINING

▪ Liquidity mining offers every users the

chance to engage in the market,
irrespective of their capital size.

▪ It's an inclusive opportunity where anyone

can participate and reap the rewards.

Liquidity staking unlocks private domain traffic,

enabling the flow of traffic within the token economy.

Tubes gain liquidity, stakers receive rewards, and the ecosystem expands.
TUBES LIQUIDITY STAKING

Calculated in USD standard

Tube protocol staking Mining rewards in tubes

participation
Deposit and withdraw at any
time, zero fees for principal

No impermanent loss
Join with
tube2/mainstream coins
Daily settlement
 TUBES LIQUIDITY STAKING CIRCULATION LOGIC

$100-$1000 Staking limit

The account can be upgraded to a

Staking limit of $2,000 after one month
of staking, and so on every month.

Tickets required for admission

Daily return 0.5%-1.3%
To promote healthier liquidity market
making, a queuing mechanism is
implemented, aligning with the
principles of supply and demand.

Participation is open to all, and

stable liquidity levels.

A 5% fee will be applied to each earning. Earnings will be distributed in a 7/3 ratio The fees generated will be used to repurchase
tubes
7/3 Profit Maximization Profit Ratio Analysis

70% 30%

70% of the staking income 30% will be used for future

will be given directly to users ecological expansion

As the Tube ecosystem evolves and expands to encompass new sectors in the
future, users will have the option to allocate 30% of their staking earnings from
the secondary market to maximize benefits through subscription.
TUBES LIQUIDITY STAKING CIRCULATION LOGIC

Staker • Stakers provide liquidity for tubes

• Liquidity will be used for tubes market
Provide making
Dividends
liquidity
• Liquidity will generate profits in the
secondary market
Secondary Tubes market
market making • Profits will be used for dividends

Generate profits
Tubes Liquidity Secondary Market Making Strategy

B
Private domain traffic Public domain traffic Top public domain traffic

Primary market Secondary market Top secondary market

The secondary market making This will allow Tubes to achieve a third-
strategy for Tubes will enhance the level liquidity leap, securing top-tier
stability of Tubes' liquidity. public domain traffic.
Tubepay x Mastercard

The integration of Tube inscription cross-chain

exchange with Mastercard marks a successful
milestone, offering a more innovative and seamless
consumption experience for the TubeProtocol
ecosystem.
Tubepay x Mastercard
Top 2 in the world
Mastercard is known for its high level of security and excellent
user experience and is one of the top 2 credit cards in the world

Large merchant and user base

There are 37 million merchants worldwide that accept
Mastercard, and nearly 4 billion users

Large merchant and user base

The successful integration of the Tube protocol with Mastercard

enables users to directly spend their earnings obtained through
Tubes worldwide.
Tubepay x Mastercard
Master credit score Validity period
Earnings can be converted into Tube Mastercard has a validity
Master credit points, which can period of 5 years
be used as legal currency

Transfer points Deposit method

Master credit points can be Can be deposit through WeChat
transferred between users Pay and Alipay or in the form of
coupons

High level, high limit Simple and convenient KYC

Card limit has $800,000 limit and process
$5,000,000 limit
Tube Mastercard KYC authentication will be
very simple and the result can be known
within 1-2 hours
01. 02. 03. 04.
Engage in Tubes Earn staking Withdraw or spend at
staking rewards Transfer to
30 million Master
Mastercard
merchants worldwide
第四部分

TUBE(DAO) COMMITTEE

TubeDAO committee global recruitment

Receive Master Committee
Global Dividend Share Ticket
Card Exclusive NFT

Recruiting 100 members for the TubeDao committee

Global deployment in DAO form to jointly promote the development of
the Tube ecosystem

The purpose is to make Tube more

planned, strategic, and efficient in future
development
 Supply

Protocol

Technology Revenue
Stake

Resources Drainage
Foundation Committee

Compliance Security Security

Alliance

Launchpad

Tube protocol entire ecosystem

第四部分

TUBES TOKEN VALUE

When public domain liquidity participates in
Tubes introduce liquidity into the
01. public domain (secondary market)
03. the Tube ecosystem and uses Tube services,
fees will be generated, including:
Swap/ Cross-chain
exchange fees

Launchpad Tubepay
01. 03.
Committee

04. 02.

04. All transaction fee profits will be 02. Public domain liquidity has
reinvested into the Tube ecosystem seen the value of Tubes and
to support Tubes. decided to participate
Thank You
Thank you all for listening

- Provider of Ordinals application solutions -