텔레그램 10분 핵심 원문 · 2026.10.08 18:10

[원문 유형] Tele-news 주요채널 텔레그램 원문 묶음
[범위] Tele-news 주요채널
[묶음 주기] 10분
[통합 구간] 2026-10-08T09:00:00+00:00 ~ 2026-10-08T09:10:00+00:00
[작성 기준] 아래 글은 서로 다른 채널·작성자의 독립 원문을 수송 편의상 하나의 시간 구간으로 묶은 것이다. 서로 다른 출처의 사실·판단·전망을 하나의 합의나 결론으로 합치지 말고 채널별 귀속을 보존한다. 같은 사건을 다루더라도 공통 이슈 키만 재사용하고, 출처별 사실·해석·반응·전망은 각각 남긴다. 외부 링크와 첨부는 실제 원문으로 사용하고, 텔레그램 문구는 발견 경로·보조 설명으로 구분한다. 시간흐름순 정리는 원문 게시 순서와 각 출처의 판단 강도·조건을 보존한다.

===== 통합 원문 1 / 11 =====
[채널] Korean Alpha
[게시일시] 2026.10.08 18:00:17
[텔레그램 게시물] https://t.me/korean_alpha/883589
[원문 수집 기준] 외부 링크가 있으면 링크를 따라 확보한 실제 본문·첨부 파일이 주 분석 원문이다. 텔레그램 게시물은 발견 경로와 보조 설명으로 보존하며 외부 원문과 구분해 반영한다.

[현재 텔레그램 게시물 본문]
한국인은 무조건 2만원 지급! / 총상금 50,000 USDT, $BILL 트레이더 맵 대회 시작

☑️ 대회 기간 (KST)
↳ 1주차: 10/8(목) 19:00 ~ 10/15(목) 19:00
↳ 2주차: 10/15(목) 19:00 ~ 10/22(목) 19:00

☑️ 지원 거래소
↳ Bithumb (현물) / Binance (무기한) / Bybit (현물·무기한)

☑️ 참여 방법
↳ 리그오브트레이더스 회원가입
↳ 거래소 API 키 발급 후 연결
↳ $BILL 거래 후 트레이더 맵에서 순위 확인

☑️ 빗썸 트레이더 시크릿 이벤트
↳ 1주차·2주차 모두 빗썸으로 참여 시 2만원 상품권 100% 지급
↳ 아이폰 듀오 럭키 드로우 기회 추가 제공
↳ 시크릿 이벤트 참여

☑️ 리그 오브 트레이더스 추가 안내
↳ 공식 공지사항
↳ X(트위터)
↳ 텔레그램
↳ 홈페이지
↳ 앱 다운로드

✍🏻 리그오브트레이더스와 Billions Network가 손잡고 2주 연속으로 각 25,000 USDT씩, 총 50,000 USDT라는 꽤 큰 규모의 상금으로 이벤트를 진행합니다. 특히 빗썸 이용자에게는 2만원 상품권을 100% 지급하는 시크릿 이벤트가 별도로 준비되어 있다고하니, 빗썸+선물거래소 두개로 양방 거래하면 손실없이 가져갈 수 있을 것 같네요!
[리그오브트레이더스 회원가입] https://leagueoftraders.io/ko?referral=LEAGUE
[거래소 API 키 발급] https://help.leagueoftraders.io/ko/collections/8477079
[시크릿 이벤트 참여] https://forms.gle/dCXuG4FzMivztvP99
[공식 공지사항] https://leagueoftraders.io/ko/announce/4cd1da23-11de-404c-b470-4c52180d2ba5
[X(트위터)] https://x.com/leagueoftraders
[텔레그램] https://t.me/leagueoftraders_korea
[홈페이지] https://leagueoftraders.io/
[앱 다운로드] https://leagueoftraders.io/ko/download

[외부 원문 1]
[URL] https://leagueoftraders.io/ko?referral=LEAGUE
[제목] 친구가 공유한 포트폴리오 가입 없이 보러가기

[첨부 보고서 원문]
[상세 페이지] https://leagueoftraders.io/ko?referral=LEAGUE
[PDF 원문] https://leagueoftraders.io/MiCAR_WhitePaper.pdf
[파일명] MiCAR_WhitePaper.pdf
[페이지 수] 20

[PDF 1페이지]
IN ACCORDANCE WITH
TITLE II OF REGULATION (EU) 2023/1114
MiCAR WhitePaper

[PDF 2페이지]
Page 2 of 20
Table of Contents
General Information
Summary
A. Information about the Person Seeking Admission to Trading
A.1 Name
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.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. Information about Issuer (If Different from Offeror or Person Seeking Admission to Trading)
D. Information about Crypto-Asset Project
D.1 Crypto-asset project name
D.2 Crypto-assets name
D.3 Abbreviation
D.4 Crypto-asset project description
D.5 Details of natural or legal persons involved
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. Information on Offer to Public of Crypto-Assets or their Admission to Trading
E.1 Public Offering or Admission to trading
E.2 Reasons for Public Offer or Admission to Trading
E.6 Oversubscription Acceptance
E.12 Total number of offered or traded crypto-assets
E.13 Targeted holders
E.14 Holder restrictions
E.20 Time-limited offer
E.24 Payment methods
E.27 Transfer of purchased crypto-assets
E.29 Purchaser's technical requirements

[PDF 3페이지]
Page 3 of 20
E.30 CASP name
E.33 Trading platforms name
E.36 Involved costs
E.38 Conflicts of interest
E.39 Applicable law
E.40 Competent court
F. Information about the Crypto-Assets
F.1 Crypto-asset type
F.2 Crypto-asset functionality
F.3 Planned application of functionalities
F.4 Type of crypto-asset white paper
F.5 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 white paper
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. Information on the rights and obligations attached to the crypto-assets
G.1 Purchaser Rights and Obligations
G.2 Exercise of Rights and Obligations
G.3 Conditions for Modifications of Rights and Obligations
G.4 Future Public Offers
G.5 Number of Issuer's Retained Crypto-Assets
G.6 Utility Token Classification
G.7 Key Features of Goods and Services of Utility Tokens
G.8 Utility Tokens Redemption
G.9 Non-Trading Request
G.11 Crypto-Assets Transfer Restrictions
G.12 Supply Adjustment Protocols
G.14 Token Value Protection Schemes
G.16 Compensation Schemes
G.18 Applicable Law
G.19 Competent Court
H. Information on the Underlying Technology
H.1 Distributed Ledger Technology
H.2 Protocols and Technical Standards
H.3 Technology Used
H.4 Consensus Mechanism

[PDF 4페이지]
Page 4 of 20
H.5 Incentive Mechanisms and Applicable Fees
H.6 Use of Distributed Ledger Technology
H.8 Audit

H.9 Audit Outcome
I. Information on Risks
I.1 Offer-Related 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
J. Information on the sustainability indicators in relation to adverse impact on the climate and other
environment-related adverse impacts
S.1 to S.7 General information
S.8 Energy consumption
S.9 Energy consumption sources and methodologies
S.10–S.16 Supplementary indicators
S.17–S.36 Optional indicators

[PDF 5페이지]
Page 5 of 20
General Information
00. Table of contents: true
01. Date of Notification: 2026-05-06
02. Statement in accordance with Article 6(3) of Regulation (EU) 2023/1114:
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.

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):
The crypto-asset referred to in this 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):
The utility token referred to in this white paper may not be exchangeable against the good or service
promised in the crypto-asset 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):
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. The crypto-asset referred to in this white
paper is not covered by the deposit guarantee schemes under Directive 2014/49/EU of the European
Parliament and of the Council.

[PDF 6페이지]
Page 6 of 20
Summary
07. Warning in accordance with Article 6(7), second subparagraph, of Regulation (EU) 2023/1114:
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 League of Traders tokens ("Tokens") may be utilised as a means of payment for various fees on
the League of Traders platform ("Platform") by the users of the Platform ("Users").
•
Token holders may also utilise their Tokens to unlock access to additional features on the Platform.
•
Token holders may stand to receive discounts on fees for copy trading.
•
Tokens may be locked at a designated address ("Staking") so that the User may stand to receive
rewards and/or incentives in the form of additional Tokens and community voting rights on the
Platform.
•
Tokens are distributed as rewards and incentives for Users' active participation on the Platform.
09. Utility Token Summary: Refer to the disclosure at item 08 above and D.4 below for information on the
goods and services to which the Tokens give access. No restrictions on transferability are contemplated of
the Tokens to be admitted for trading on the Trading Platforms.
10. Key Information About the Offer to the Public or Admission to Trading:
The Tokens are issued on BSC, a public blockchain operated by Binance and its validator network. All
transactions—issuance, transfer, and storage—are recorded on the BNB Smart Chain ("BSC") distributed
ledger, ensuring transparency, immutability, and decentralized verification.
LOT Foundation Limited ("Issuer") does not operate or control the underlying BSC blockchain infrastructure
but adopted BSC for issuance of Tokens and for recording of transactions involving the Tokens in
compliance with BEP-20 standards.

[PDF 7페이지]
Page 7 of 20
A. Information about the Person Seeking Admission to Trading
A.1 Name: LOT Foundation Limited
A.2 Legal Form: Business Company under the laws of St. Vincent and the Grenadines
A.3 Registered address:
Address: Euro House, Richmond Hill Road, P. O Box 2897, Kingstown, St. Vincent & the Grenadines
Country: Saint Vincent and the Grenadines
Subdivision: Not applicable
A.4 Head office:
Address: Euro House, Richmond Hill Road, P. O Box 2897, Kingstown, St. Vincent & the Grenadines

Country: Saint Vincent and the Grenadines
Subdivision: Not applicable
A.5 Registration Date: 2023-09-20
A.6 Legal entity identifier (LEI): 529900LQW272RBKLIV93
A.7 Another identifier required pursuant to applicable national law: Not applicable
A.9 E-mail address: contact@leagueoftraders.io
A.10 Response Time (Days): 3
A.11 Parent Company: Not applicable
A.12 Members of the Management body:
Name
Business Address
Function
John Ting Li
Euro House, Richmond Hill
Road, P. O Box 2897,
Kingstown, St. Vincent & the
Grenadines
Director
Minkyu Cho
Euro House, Richmond Hill
Road, P. O Box 2897,
Kingstown, St. Vincent & the
Grenadines
Not applicable

A.13 Business Activity: Development and promotion of the Platform (as defined in D.2 below) and issuance
and distribution of Tokens (as defined in D.1 below).
A.14 Parent Company Business Activity: Not applicable
A.15 Newly Established: false
A.16 Financial condition for the past three years: Not applicable, as the Issuer was established on 2023-
09-20 and has therefore not existed for the past three years.

[PDF 8페이지]
Page 8 of 20
A.17 Financial condition since registration:
The Issuer was established within the past three years and as such, its financial history is limited. The Issuer
has limited direct financial activity to date and no published audited financial statements are available.
To date, the Issuer has raised funds of approximately US$2.11 million, through the issuance of Tokens.
Funds from initial fundraising have supported R&D, blockchain protocol design, team recruitment and
regulatory compliance efforts. Operations and expenses have been limited to setup and development and
related costs. Apart from such costs, no other material liabilities have been recorded. As at 31 December
2025, the Issuer's assets comprising crypto assets amounted to approximately US$400,000.
As the Issuer is in an early-revenue stage and continues to face ongoing development costs, the Issuer's
expenses for the financial year ended 31 December 2025 which were in the region of US$1.52 million
(which related primarily to development and operating costs) exceeded its revenue for the financial year
ended 31 December 2025 which was approximately US$1.25 million.
B. Information about Issuer (If Different from Offeror or Person Seeking
Admission to Trading)
B.1 Issuer Information: false
D. Information about Crypto-Asset Project
D.1 Crypto-asset project name: League of Traders ("Project")
D.2 Crypto-assets name: League of Traders tokens ("Tokens")
D.3 Abbreviation: LOT
D.4 Crypto-asset project description:

The Project seeks to develop and deploy a social digital assets trading platform known as "League of
Traders" ("Platform"), which aims to gamify the trading experience by ranking users of the Platform
("Users") on leaderboards based on their trading performance, as well as promote an open and transparent
trading community by allowing Users to, amongst others, observe the trading behaviour of other Users and
follow the trading strategies of other Users.
The Platform is contemplated to offer the following key features:
•
(A) Portfolio management: A portfolio tracker for Users to consolidate and manage their portfolios
from multiple exchanges all in one place. The portfolio tracker aggregates data from several
exchanges into one portfolio, linking real-time prices and position data to provide reliable coverage
across exchanges.
•
(B) "Pay-to-See" allows Users to pay a one-off fee in Tokens ("Pay-to-See Fees") to unlock and
view the trading portfolio of other Users on the Platform.
•
(C) "Pay-to-Follow" allows Users to pay a recurring fee in Tokens ("Pay-to-Follow Fees") to
unlock and view the trading portfolio of other Users on the Platform, on a subscription basis to
maintain access to such other Users' portfolio for an extended period of time.
•
(D) "League Points" is a point system whereby Users can participate in prescribed tasks and
missions to earn points known as "League Points". A User may exchange such User's League Points
for Tokens ("League Points Rewards"), on such terms as may be prescribed by the Project.

[PDF 9페이지]
Page 9 of 20
•
(E) "Copy Trading" allows Users to follow the trading strategies of other Users ("Copy Leaders")
and place the same trades as, or trades adopting the same strategies as that of, such Copy Leaders.
Users are required to pay a fee associated with such Copy Trading ("Copy Trading Fees").
•
(F) "LOT Beacon" allows Users to directly manage their trading assets and select trading strategies
through a smart contract interface. By supporting both manual and automated execution modes,
Users can apply chosen strategies across centralized (CEX) and decentralized (DEX) exchanges
based on their preferences and risk profile. A key differentiator of LOT Beacon is its support for
decentralized exchanges. This ensures Users retain full custody of their assets while benefiting from
strategy execution without reliance on centralized intermediaries.
Users can select a trading pair (e.g., BTC/USDT) supported by the Platform ("User-Selected Trading Pair")
and a trade signal corresponding to such trading pair ("User-Selected Trade Signal"), and place a trade

(either on a manual or automated basis) for such User-Selected Trading Pair based on such User-Selected
Trade Signal. Where a User elects to trade on a manual basis, a fee denominated in Tokens will have to be
paid by such User in order for such User to receive a trade signal ("Manual Trade Signal Fees"). Where a
User elects to trade on an automated basis, automated trades will be initiated via third-party digital asset
execution venues.
D.5 Details of all natural or legal person involved in the implementation of the crypto-asset project:
Type
Name
Business Address
Domicile
Development team
Social Tech LLC
Euro House,
Richmond Hill Road,
P. O Box 2897,
Kingstown, St.
Vincent & the
Grenadines
Saint Vincent and the
Grenadines
Other person involved
in implementation
John Ting Li
Euro House,
Richmond Hill Road,
P. O Box 2897,
Kingstown, St.
Vincent & the
Grenadines
Saint Vincent and the
Grenadines
Advisor
Minkyu Cho
Euro House,
Richmond Hill Road,
P. O Box 2897,
Kingstown, St.
Vincent & the
Grenadines
Saint Vincent and the
Grenadines

D.6 Utility Token Classification: true
D.7 Key Features of Goods/Services for Utility Token Projects:
The Platform is contemplated to offer the following key features:

[PDF 10페이지]
Page 10 of 20
•
(A) Portfolio management: A portfolio tracker for Users to consolidate and manage their portfolios
from multiple exchanges all in one place.
•
(B) "Pay-to-See" allows Users to pay a one-off fee in Tokens to unlock and view the trading
portfolio of other Users on the Platform.
•
(C) "Pay-to-Follow" allows Users to pay a recurring fee in Tokens to unlock and view the trading
portfolio of other Users on a subscription basis.
•
(D) "League Points" is a point system whereby Users can participate in prescribed tasks and
missions to earn points exchangeable for Tokens.
•
(E) "Copy Trading" allows Users to follow trading strategies of other Users ("Copy Leaders") and
place the same trades. Users are required to pay a fee associated with such Copy Trading.
•
(F) "LOT Beacon" allows Users to directly manage their trading assets and select trading strategies
through a smart contract interface, supporting both manual and automated execution modes across
CEX and DEX. A key differentiator is its support for decentralized exchanges, ensuring Users retain
full custody of their assets while benefiting from strategy execution without reliance on centralized
intermediaries.
Users can select a trading pair (e.g., BTC/USDT) supported by the Platform and a trade signal corresponding
to such trading pair. Where a User elects to trade on a manual basis, a fee denominated in Tokens will have

to be paid in order to receive a trade signal ("Manual Trade Signal Fees"). Where a User elects to trade on an
automated basis, automated trades will be initiated via third-party digital asset execution venues.
D.8 Plans for the token:
Past Milestones:
•
Token Staking launched on 20 June 2025
•
Token listing on centralised exchanges such as Kucoin, Gate and MEXC on 20 June 2025
•
Wallet integration on the Platform in the 3rd quarter of 2025
•
Pay-to-See model launched in the 4th quarter of 2025
Future Milestones:
•
Multi-chain integration in the 2nd quarter of 2026
D.9 Resource Allocation: Funds from earlier fundraising have been primarily allocated to Platform
development, security enhancements and regulatory compliance efforts. The remaining funds are to be
allocated for ecosystem growth, user acquisition and operational expansion.
D.10 Planned Use of Collected Funds or Crypto-Assets: See D.9 above.
E. Information on Offer to Public of Crypto-Assets or their Admission to
Trading
E.1 Public Offering or Admission to trading: Admission to trading
E.2 Reasons for Public Offer or Admission to Trading: Admission of Tokens for trading on crypto-assets
trading platforms ("Trading Platforms") including Bitpanda GmbH is sought for additional trading liquidity
for holders of Tokens and prospective acquirors of Tokens.
E.3 Fundraising target: Not applicable (as this is not a public offer).

[PDF 11페이지]
Page 11 of 20
E.4 Minimum subscription goals: Not applicable (as this is not a public offer).
E.5 Maximum subscription goals: Not applicable (as this is not a public offer).
E.6 Oversubscription Acceptance: false
E.7 Oversubscription allocation: Not applicable (as this is not a public offer).
E.8 Issue price: Not applicable (as this is not a public offer).
E.9 Official currency / other tokens determining issue price: Not applicable (as this is not a public offer).
E.10 Subscription fee: Not applicable (as this is not a public offer).
E.11 Offer price determination method: Not applicable (as this is not a public offer).
E.12 Total number of offered or traded crypto-assets: The maximum supply of the Tokens that can be
admitted for trading on Trading Platforms is set at a maximum of 1 billion Tokens according to the Issuer's
documentation (https://docs.leagueoftraders.io/token-information, accessed on 15 October 2025).
E.13 Targeted holders: The intended target holders of the Tokens are persons who access and use Trading
Platforms such as Bitpanda Spotlight, including Users of the Platform who require Tokens in connection
with their use of the Platform (and which may include retail users).

E.14 Holder restrictions: No restrictions (as regards the type of holders) are contemplated of Tokens to be
admitted for trading on the Trading Platforms.
E.15 Reimbursement notice: Not applicable (as this is not a public offer).
E.16-E.19 Refund mechanism, timeline, offer phases, discount: Not applicable (as this is not a public
offer).
E.20 Time-limited offer: false
E.21-E.23 Subscription period, safeguarding: Not applicable (as this is not a public offer).
E.24 Payment methods: Not applicable. This Whitepaper is prepared in connection with admission of
Tokens for trading on Trading Platforms instead of offering of Tokens to the public. The methods of
payment available for the Tokens on the Trading Platforms depend on the methods of payments offered by
such Trading Platforms. The Issuer does not prescribe, control or restrict payment methods offered by
Trading Platforms in connection with the purchase of the Tokens.
E.25 Value transfer methods for reimbursement: Not applicable (as this is not a public offer).
E.26 Right of withdrawal: Not applicable (as this is not a public offer).
E.27 Transfer of purchased crypto-assets:
Where Tokens are purchased via a Trading Platform, the purchased Tokens will be credited to the Token
acquiror's designated wallet, provided that such designated wallet is compatible for use with the Trading
Platform.
Settlement of purchases of Tokens occur on-chain and the Issuer does not intermediate or control the process
of transfer of Tokens. The Issuer does not operate or control the underlying BSC blockchain infrastructure as
further described at H.7 below.

[PDF 12페이지]
Page 12 of 20
E.28 Transfer time schedule: Not applicable (as this is not a public offer).
E.29 Purchaser's technical requirements:
Tokenholders require a wallet compatible with BSC and capable of receiving BEP-20 tokens in order to
purchase, hold and transfer Tokens.
Where a Token acquiror wishes to hold Tokens via self-custodied wallets, such Token acquiror is solely
responsible for maintaining access to and securing management of the private keys or recovery credentials
associated with such self-custodied wallets.
Where a Token acquiror chooses to hold Tokens via custodial accounts (which may include accounts held
with Trading Platforms), such Token acquiror relies on the custodian to manage these technical requirements
on their behalf.
All Token holders are responsible for ensuring that their chosen wallet or custodian supports BEP-20 tokens
on the BSC network. The Issuer assumes no responsibility for providing any wallet software, custody
services or technical support in connection with the holding and transfer of Tokens.

E.30 Other token service provider (CASP) name: Not applicable. There is no CASP appointed or
mandated for placing of the Tokens.
E.31 CASP identifier: Not applicable. There is no CASP appointed or mandated for placing of the Tokens.
E.32 Placement form: Not applicable
E.33 Trading platforms name: The initial Trading Platform is BitPanda GmbH accessible at
https://www.bitpanda.com/en. Tokens may also be listed on other Trading Platforms in the future.
E.34 Trading platforms market identifier code (MIC): Not applicable
E.35 Trading platforms access: Access conditions will depend on the Trading Platforms that may list the
Tokens.
E.36 Involved costs: Costs of access to the Trading Platforms for trading of Tokens depend on the Trading
Platform listing the Tokens. Investors should review the prevailing fee structures of the Trading Platforms
before making trading decisions. Furthermore, costs may be incurred for transfers out of the Trading
Platform (i.e. gas costs for blockchain network use that may exceed the value of the crypto-asset itself).
E.37 Offer expenses: Not applicable (as this is not a public offer).
E.38 Conflicts of interest: No conflicts of interest exist in respect of the admission to trading as the Issuer
does not control or have any interest in the Trading Platforms such as Bitpanda GmbH for which admission
for trading is sought.
E.39 Applicable law: The issuance of Tokens is governed by the laws of St. Vincent & the Grenadines.
E.40 Competent court: Courts of St. Vincent & the Grenadines.
F. Information about the Crypto-Assets
F.1 Crypto-asset type: A crypto-asset other than an electronic money token or an asset-referenced token
that does not qualify as a financial instrument or otherwise fall outside the scope of MiCA.

[PDF 13페이지]
Page 13 of 20
F.2 Crypto-asset functionality: Please refer to D.4 above.
F.3 Planned application of functionalities: The Token functionalities are already in effect.
F.4 Type of crypto-asset white paper: Other crypto-asset token white paper
F.5 Type of submission: New
F.6 Crypto-asset characteristics:
•
Tokens may be utilised as a means of payment for various fees as described at D.4 above, including
Pay-to-See Fees, Pay-to-Follow Fees, Copy Trading Fees and LOT Beacon Fees.
•
Token holders may also utilise their Tokens to unlock access to additional features on the Platform.
•
Token holders may stand to receive discounts on Copy Trading Fees.
•
Tokens may be Staked in order to receive sMP and accordingly, the right to participate in the POS
Pool and cMP to participate in Community Voting.

•
Tokens are distributed as rewards and incentives for Users' active participation on the Platform, as
described at D.4 above.
F.7 Commercial name or trading name: LOT Foundation Limited
F.8 Website of the issuer: https://leagueoftraders.io/
F.9 Starting date of offer to the public or admission to trading: 2026-05-13 (intended)
F.10 Publication date: 2026-05-06
F.11 Any other services provided by the issuer: Not applicable
F.12 Language or languages of the white paper: English
F.13 Digital token identifier code: Not applicable
F.14 Functionally fungible group digital token identifier: Not applicable
F.15 Voluntary data flag: false
F.16 Personal data flag: true
F.17 LEI eligibility: true
F.18 Home Member State: Germany
F.19 Host Member States: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia,
Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania,
Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden.
G. Information on the rights and obligations attached to the crypto-assets
G.1 Purchaser Rights and Obligations: Purchasers of the Tokens acquire property over the Tokens as an
asset, which includes the bundle of rights under the applicable legal systems (right to use, right to transfer,
etc.). Obligations are determined by the applicable legal system but there are no obligations intrinsic to the
purchase of the Token itself.

[PDF 14페이지]
Page 14 of 20
G.2 Exercise of Rights and Obligations: Acquirors of Tokens may exercise their rights in respect of their
Tokens by utilising their Tokens in such manner described at F.6 above.
G.3 Conditions for Modifications of Rights and Obligations: The rights and obligations attached to the
Tokens may be modified as a result of an adjustment of the technical infrastructure necessary for the proper
functioning of the Platform, to address declining functionality of the Tokens and all other adverse effects for
Token holders, which may occur at any time.
G.4 Future Public Offers: Not applicable. This White Paper is drafted in connection with admission of
Tokens for trading on Trading Platforms with no offering of Tokens contemplated by the Issuer at the
moment although there is no assurance that the Issuer will not make offers of Tokens in the future.
G.5 Number of Issuer's Retained Crypto-Assets: Not applicable (as this is not a public offer).
G.6 Utility Token Classification: true
G.7 Key Features of Goods and Services of Utility Tokens: Access to the Platform features as described at
D.4 and F.2 above.

G.8 Utility Tokens Redemption: As a means of payment as described at D.4 and F.2 above.
G.9 Non-Trading Request: true
G.10 Purchase or sale modalities: Not applicable. This White Paper is drafted in connection with
admission of Tokens for trading on Trading Platforms.
G.11 Crypto-Assets Transfer Restrictions: No restrictions on transferability are contemplated of Tokens to
be admitted for trading on the Trading Platforms.
G.12 Supply Adjustment Protocols: false
G.13 Supply adjustment mechanisms: Not applicable
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: The issuance of Tokens is governed by the laws of St. Vincent & the Grenadines.
However, the Tokens are not protected by any token value protection schemes or compensation schemes.
G.19 Competent Court: Courts of St. Vincent & the Grenadines. However, the Tokens are not protected by
any token value protection schemes or compensation schemes.
H. Information on the Underlying Technology
H.1 Distributed Ledger Technology: The Tokens are issued on the BNB Smart Chain (BSC), a public,
permissionless EVM-compatible distributed ledger.
H.2 Protocols and Technical Standards: The Tokens are issued on BSC under the BEP-20 token standard,
with the potential for multi-chain support to accommodate future expansion and integration in line with the

[PDF 15페이지]
Page 15 of 20
Project's strategic objectives.
H.3 Technology Used: See H.1 and H.2 above. The Token contract address is
0xbfe78De7D1c51E0868501D5FA3E88e674C79AcDD.
H.4 Consensus Mechanism: Not applicable. The Project and the Platform do not involve a proprietary
consensus layer in respect of the Tokens. Instead, the Tokens are issued on BSC which uses a Proof-of-
Staked Authority consensus for the Tokens.
H.5 Incentive Mechanisms and Applicable Fees: Transactions involving the Tokens follow the BSC fee
model as detailed at: https://support.bitcoin.com/en/articles/7894845-bnb-fees. The majority of transaction
fees generated on BSC are paid to BSC validators. BSC runs on a Proof-of-Staked Authority consensus
mechanism where validators take turns compiling and proposing transactions for new blocks. A small
portion of transaction fees go to the BSC protocol and are used for actions such as facilitating cross-chain
transactions between the BNB ecosystem of blockchains.
H.6 Use of Distributed Ledger Technology: false
H.7 DLT functionality description:
Not applicable, as BSC is not operated by the Issuer or a third party acting on the Issuer's behalf.

The Tokens are issued on BSC, a public blockchain operated by Binance and its validator network. All
transactions — issuance, transfer, and storage — are recorded on the BSC distributed ledger, ensuring
transparency, immutability, and decentralized verification.
The Issuer does not operate or control the underlying BSC blockchain infrastructure but adopted BSC for
issuance of Tokens and for recording of transactions involving the Tokens in compliance with BEP-20
standards.
H.8 Audit: true
H.9 Audit Outcome: The token smart contract which issued the Tokens underwent a security audit
conducted by CertiK, a leading blockchain security firm. Audit results are publicly available at:
https://skynet.certik.com/ko/projects/league-of-traders.
I. Information on Risks
I.1 Offer-Related Risks:
(a) Market and liquidity risks: Liquidity is contingent upon trading activity levels on decentralized
exchanges (DEXs) and potentially on centralized exchanges (CEXs), should they be involved. Listing does
not guarantee active market participation or liquidity. Low trading volumes can restrict the buying and
selling capabilities of the Tokens. The Token will likely be subject to high volatility and market speculation.
Price fluctuations could be significant, posing a risk of substantial losses to Token holders.
(b) Counterparty risks: As the admission to trading involves connection to other trading venues,
counterparty risks arise, including but not limited to the risk of trading platforms not operating to the highest
standards, and the risk of the Tokens being delisted from connected trading venues which could affect or
completely halt the ability for the Tokens to be traded.
I.2 Issuer-Related Risks: If the Issuer ceases operations, or the Platform cannot be maintained, the Tokens
may lose their intended utility and become worthless.

[PDF 16페이지]
Page 16 of 20
I.3 Crypto-Assets-Related Risks:
(a) Market volatility: The market price of the Token may fluctuate significantly due to demand within the
Platform and broader crypto-market conditions. Volatility may result from external economic factors,
regulatory changes, or shifts in investor sentiment. These fluctuations can cause Token prices to drop and
even become worthless within a very short period of time.
(b) Financial stability and operational risks: The Token's value depends on the financial health and
operational capabilities of the Issuer. If the Issuer faces liquidity shortages, funding difficulties, or rising
operational costs, it may impact the Platform's development and service continuity, thereby reducing the

Token's usability and demand.
(c) Limited utility and usability outside the Platform: The Token is intended for use within the Project
ecosystem. While the Tokens will be freely transferable after vesting, their value and demand are directly
tied to Platform adoption and service usage. A decline in User engagement or Platform use could reduce
Token demand. The Token is not redeemable for fiat currency within the Platform, and its usability in
external ecosystems remains limited.
(d) Dependence on blockchain infrastructure: The Token operates on BSC, meaning its functionality is
dependent on the stability, security, and efficiency of the blockchain network. Risks associated with
blockchain infrastructure include network congestion or technical failures, which may impact transaction
speed and increase transaction costs, and potential blockchain forks or protocol changes, which could require
adjustments to the Token's smart contracts. As a blockchain-based asset, the Token is exposed to
cybersecurity risks, including hacking, data breaches, or smart contract vulnerabilities. Despite security
audits, unforeseen vulnerabilities could still pose risks to Token security and functionality.
(e) Jurisdictional restrictions: Regulations regarding crypto-assets vary across different jurisdictions. Some
countries may impose restrictions on the trading, holding, or usage of Tokens. Purchasers must ensure that
they comply with local legal requirements before acquiring or using the Token.
(f) Innovation and market relevance risk: The blockchain and tokenization industry is evolving rapidly.
Emerging technologies, new regulatory frameworks, or competitive solutions may affect the long-term
relevance of the Token. If the Issuer fails to continuously adapt to industry trends, the Token's value and
demand may decline.
I.4 Project Implementation-Related Risks:
(a) Development and deployment risk: The success of the Token depends on the effective and timely
development and maintenance of the Platform. Delays in development, unforeseen technical challenges, or
failure to implement planned features could negatively affect the Platform's ability to deliver services as
intended. If core functionalities are not developed or deployed as planned, the Token's utility may be
diminished.
(b) Scalability and performance risk: As adoption of the Platform increases, scalability and performance
limitations may emerge. High transaction volumes or unexpected demand surges could lead to network
congestion, slower processing times, or degraded Platform performance. These issues could limit the

usability of the Token, affecting user experience and overall market confidence.
(c) Dependence on external partnerships and service providers: The Issuer relies on third-party service
providers and technology partners for critical functions, including blockchain infrastructure, liquidity
provision, and regulatory compliance services. Failures, security breaches, insolvency, or operational issues
affecting these external providers could disrupt platform services, impacting the utility and availability of the
Token.

[PDF 17페이지]
Page 17 of 20
(e) Funding risks: The further development and maintenance of the Platform require sufficient financial
resources. The Issuer depends on revenues from Platform services, external funding, and market adoption.
Economic downturns, reduced investor confidence, or unexpected financial challenges could impact the
company's ability to sustain Platform operations and technological advancements. If the Issuer is unable to
secure sufficient funding, it may be forced to scale back Platform development, reducing the Token's long-
term viability.
(f) Technological and integration risk: Integrating blockchain-based infrastructure with existing financial
and legal systems presents technological and compatibility challenges. Changes in blockchain protocols,
security vulnerabilities, or unforeseen technical constraints could delay or restrict platform features, directly
affecting the usability of the Token.
(g) Regulatory compliance for Project implementation: The legal and regulatory landscape for crypto-
assets and blockchain services continues to evolve. New regulatory requirements or changes in interpretation
could impose additional compliance burdens on the Issuer. This may include restrictions on token offerings,
modifications to token-based services, or new licensing requirements. Non-compliance with these
regulations could lead to penalties, service limitations, or operational restrictions, all of which could affect
the functionality and marketability of the Token.
I.5 Technology-Related Risks:
(a) Blockchain and smart contract vulnerability: The Token's smart contracts are susceptible to coding
vulnerabilities, bugs, or security flaws that could be exploited by malicious actors. A breach in the smart
contract could result in unauthorized transactions, token loss, or manipulation of staking mechanisms,
affecting the Token's security and trust among holders. Even though security audits are conducted,
unforeseen vulnerabilities may still pose a risk.
(b) Cybersecurity and data breach risks: As a blockchain-based asset, the Token is exposed to

cybersecurity threats such as hacking, phishing attacks, and data breaches. If attackers compromise the
Project's infrastructure or the wallets of Token holders, this could result in financial losses, operational
disruptions, and reputational damage.
(c) Dependency on underlying blockchain stability and performance: The Token operates on BSC
meaning its functionality depends on the stability and efficiency of this network. Risks include network
congestion, which may lead to higher transaction fees or slower confirmation times, technical failures,
blockchain reorgs, or forks, which could impact Token transfers and Staking mechanisms. Reliance on third-
party validators and node operators may also introduce security vulnerabilities or service disruptions.
(d) Wallet and private key risk: Token holders are responsible for the custody of their Tokens in a
compatible cryptographic wallet and for securing their private keys. Loss of a private key means permanent
loss of access to the Tokens, with no possibility of recovery. If a holder connects their wallet to malicious
applications or platforms, they risk unauthorized access to their assets.
(e) Technology obsolescence risk: Blockchain technology is rapidly evolving. If the Platform does not
adapt to new standards, interoperability solutions, or emerging security protocols, the Token's utility and
competitive relevance may diminish over time. New blockchain innovations could introduce more efficient
tokenization models, potentially reducing demand for the Token.
(f) Risk of technical failures and downtime: Technical issues, such as server outages, software bugs, or
API failures, could lead to Platform downtime, transaction delays, or staking errors. If prolonged, such
failures may disrupt user confidence and limit access to the Token's functionality.
(g) Data privacy and compliance risk: The Issuer, being the operator of the Platform, processes User data

[PDF 18페이지]
Page 18 of 20
in compliance with applicable data protection laws.
I.6 Mitigation Measures:
•
Smart contract audit completed by CertiK (https://skynet.certik.com/projects/league-of-traders).
•
Continuous monitoring of security vulnerabilities.
•
Token security managed via Safe multi-sig with regular checks with the internal audit team.
•
Internal three-person cross-check system in place and contingency plan activated in case of
incidents.
Notwithstanding the above, these measures may not be effective in mitigating any of the risks associated
with the technology used (including the risks outlined above in this Part I).
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: See S.1 to S.36 below.
Mandatory Information on Principal Adverse Impacts of the Consensus Mechanism
S.1 Name: Refer to A.1 above.
S.2 Relevant legal entity identifier: Refer to A.6 above.
S.3 Name of the crypto-asset: Refer to D.2 above.
S.4 Consensus mechanism: Refer to H.4 above.
S.5 Incentive mechanisms and applicable fees: Refer to H.5 above.
S.6 Beginning of period to which disclosed information relates: Not applicable
S.7 End of period to which disclosed information relates: Not applicable
S.8 Energy consumption:
Less than 500,000 kWh per year.
The Tokens are issued on the BSC, which utilises a Proof-of-Staked Authority consensus mechanism,
significantly reducing energy usage compared to traditional Proof-of-Work ("PoW") systems by removing
energy-intensive mining. Validators are selected based on stake and authority, which requires minimal
computational resources. According to publicly available sources, BSC's energy consumption is also
relatively lower than PoW blockchains, contributing to a more sustainable blockchain infrastructure. There is
no publicly accessible data on the consumption of energy for the validation of each transaction on BSC,
which has been described as "negligible" (https://www.adan.eu/en/publication/blockchain-protocols-and-
their-energy-footprint/#BNB and https://www.parisblockchainweek.com/post/pos-pow, last accessed on 21
January 2026).
The Tokens, as fungible digital assets deployed on BSC, benefit from this energy-efficient consensus
mechanism, in support of broader sustainability goals with the view to minimising adverse climate and
environmental effects typically associated with blockchain-based technologies.
S.9 Energy consumption sources and methodologies:

[PDF 19페이지]
Page 19 of 20
Refer to disclosure in S.8. There is no publicly accessible data on the consumption of energy for the
validation of each transaction on BSC.
The Project and the Platform does not involve a proprietary consensus layer in respect of the Tokens.
Instead, the Tokens are issued on BSC which uses a Proof-of-Staked Authority consensus for the Tokens.
Supplementary Key Indicators
S.10 Renewable energy consumption: Refer to disclosure in S.9.
S.11 Energy intensity: Refer to disclosure in S.9.
S.12 Scope 1 DLT GHG emissions - controlled: Refer to disclosure in S.9.
S.13 Scope 2 DLT GHG emissions - purchased: Refer to disclosure in S.9.
S.14 GHG intensity: Refer to disclosure in S.9.
S.15 Key energy sources and methodologies: Refer to disclosure in S.9.

S.16 Key GHG sources and methodologies: Refer to disclosure in S.9.
Optional Indicators
S.17 Energy mix: Refer to disclosure in S.9.
S.18 Energy use reduction: Refer to disclosure in S.9.
S.19 Carbon intensity (kgCO2e/kWh): Refer to disclosure in S.9.
S.20 Scope 3 DLT GHG emissions - value chain: Refer to disclosure in S.9.
S.21 GHG emissions reduction targets or commitments: Refer to disclosure in S.9.
S.22 Generation of waste electrical and electronic equipment (WEEE): Refer to disclosure in S.9.
S.23 Non-recycled WEEE ratio: Refer to disclosure in S.9.
S.24 Generation of hazardous waste: Refer to disclosure in S.9.
S.25 Generation of waste (all types): Refer to disclosure in S.9.
S.26 Non-recycled waste ratio (all types): Refer to disclosure in S.9.
S.27 Waste intensity (all types): Refer to disclosure in S.9.
S.28 Waste reduction targets or commitments (all types): Refer to disclosure in S.9.
S.29 Impact of use of equipment on natural resources: Refer to disclosure in S.9.
S.30 Natural resources use reduction targets or commitments: Refer to disclosure in S.9.
S.31 Water use: Refer to disclosure in S.9.
S.32 Non-recycled water ratio: Refer to disclosure in S.9.
S.33 Other energy sources and methodologies: Refer to disclosure in S.9.

[PDF 20페이지]
Page 20 of 20
S.34 Other GHG sources and methodologies: Refer to disclosure in S.9.
S.35 Waste sources and methodologies: Refer to disclosure in S.9.
S.36 Natural resources sources and methodologies: Refer to disclosure in S.9.

[외부 원문 2]
[URL] https://help.leagueoftraders.io/ko/collections/8477079-%EA%B1%B0%EB%9E%98%EC%86%8C-api-%EC%83%9D%EC%84%B1-%EB%B0%A9%EB%B2%95
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[외부 원문 3]
[URL] https://leagueoftraders.io/ko/announce/4cd1da23-11de-404c-b470-4c52180d2ba5
[제목] 📢 총 상금 50,000 USDT! $BILL 트레이더 맵 대회가 시작됩니다!

[첨부 보고서 원문]
[상세 페이지] https://leagueoftraders.io/ko/announce/4cd1da23-11de-404c-b470-4c52180d2ba5
[PDF 원문] https://leagueoftraders.io/MiCAR_WhitePaper.pdf
[파일명] MiCAR_WhitePaper.pdf
[페이지 수] 20

[PDF 1페이지]
IN ACCORDANCE WITH
TITLE II OF REGULATION (EU) 2023/1114
MiCAR WhitePaper

[PDF 2페이지]
Page 2 of 20
Table of Contents
General Information
Summary
A. Information about the Person Seeking Admission to Trading
A.1 Name
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.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. Information about Issuer (If Different from Offeror or Person Seeking Admission to Trading)
D. Information about Crypto-Asset Project
D.1 Crypto-asset project name
D.2 Crypto-assets name
D.3 Abbreviation
D.4 Crypto-asset project description
D.5 Details of natural or legal persons involved
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. Information on Offer to Public of Crypto-Assets or their Admission to Trading
E.1 Public Offering or Admission to trading
E.2 Reasons for Public Offer or Admission to Trading
E.6 Oversubscription Acceptance
E.12 Total number of offered or traded crypto-assets
E.13 Targeted holders
E.14 Holder restrictions
E.20 Time-limited offer
E.24 Payment methods
E.27 Transfer of purchased crypto-assets
E.29 Purchaser's technical requirements

[PDF 3페이지]
Page 3 of 20
E.30 CASP name
E.33 Trading platforms name
E.36 Involved costs
E.38 Conflicts of interest
E.39 Applicable law
E.40 Competent court
F. Information about the Crypto-Assets
F.1 Crypto-asset type
F.2 Crypto-asset functionality
F.3 Planned application of functionalities
F.4 Type of crypto-asset white paper
F.5 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 white paper
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. Information on the rights and obligations attached to the crypto-assets
G.1 Purchaser Rights and Obligations
G.2 Exercise of Rights and Obligations
G.3 Conditions for Modifications of Rights and Obligations
G.4 Future Public Offers
G.5 Number of Issuer's Retained Crypto-Assets
G.6 Utility Token Classification
G.7 Key Features of Goods and Services of Utility Tokens
G.8 Utility Tokens Redemption
G.9 Non-Trading Request
G.11 Crypto-Assets Transfer Restrictions

G.12 Supply Adjustment Protocols
G.14 Token Value Protection Schemes
G.16 Compensation Schemes
G.18 Applicable Law
G.19 Competent Court
H. Information on the Underlying Technology
H.1 Distributed Ledger Technology
H.2 Protocols and Technical Standards
H.3 Technology Used
H.4 Consensus Mechanism

[PDF 4페이지]
Page 4 of 20
H.5 Incentive Mechanisms and Applicable Fees
H.6 Use of Distributed Ledger Technology
H.8 Audit
H.9 Audit Outcome
I. Information on Risks
I.1 Offer-Related 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
J. Information on the sustainability indicators in relation to adverse impact on the climate and other
environment-related adverse impacts
S.1 to S.7 General information
S.8 Energy consumption
S.9 Energy consumption sources and methodologies
S.10–S.16 Supplementary indicators
S.17–S.36 Optional indicators

[PDF 5페이지]
Page 5 of 20
General Information
00. Table of contents: true
01. Date of Notification: 2026-05-06
02. Statement in accordance with Article 6(3) of Regulation (EU) 2023/1114:
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.

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):
The crypto-asset referred to in this 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):
The utility token referred to in this white paper may not be exchangeable against the good or service
promised in the crypto-asset 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):
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

. The crypto-asset referred to in this white
paper is not covered by the deposit guarantee schemes under Directive 2014/49/EU of the European
Parliament and of the Council.

[PDF 6페이지]
Page 6 of 20
Summary
07. Warning in accordance with Article 6(7), second subparagraph, of Regulation (EU) 2023/1114:
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 League of Traders tokens ("Tokens") may be utilised as a means of payment for various fees on
the League of Traders platform ("Platform") by the users of the Platform ("Users").
•
Token holders may also utilise their Tokens to unlock access to additional features on the Platform.
•
Token holders may stand to receive discounts on fees for copy trading.
•
Tokens may be locked at a designated address ("Staking") so that the User may stand to receive
rewards and/or incentives in the form of additional Tokens and community voting rights on the
Platform.
•
Tokens are distributed as rewards and incentives for Users' active participation on the Platform.
09. Utility Token Summary: Refer to the disclosure at item 08 above and D.4 below for information on the
goods and services to which the Tokens give access. No restrictions on transferability are contemplated of
the Tokens to be admitted for trading on the Trading Platforms.
10. Key Information About the Offer to the Public or Admission to Trading:
The Tokens are issued on BSC, a public blockchain operated by Binance and its validator network. All
transactions—issuance, transfer, and storage—are recorded on the BNB Smart Chain ("BSC") distributed
ledger, ensuring transparency, immutability, and decentralized verification.
LOT Foundation Limited ("Issuer") does not operate or control the underlying BSC blockchain infrastructure
but adopted BSC for issuance of Tokens and for recording of transactions involving the Tokens in
compliance with BEP-20 standards.

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A. Information about the Person Seeking Admission to Trading
A.1 Name: LOT Foundation Limited
A.2 Legal Form: Business Company under the laws of St. Vincent and the Grenadines
A.3 Registered address:
Address: Euro House, Richmond Hill Road, P. O Box 2897, Kingstown, St. Vincent & the Grenadines
Country: Saint Vincent and the Grenadines
Subdivision: Not applicable
A.4 Head office:
Address: Euro House, Richmond Hill Road, P. O Box 2897, Kingstown, St. Vincent & the Grenadines
Country: Saint Vincent and the Grenadines
Subdivision: Not applicable
A.5 Registration Date: 2023-09-20
A.6 Legal entity identifier (LEI): 529900LQW272RBKLIV93
A.7 Another identifier required pursuant to applicable national law: Not applicable
A.9 E-mail address: contact@leagueoftraders.io
A.10 Response Time (Days): 3
A.11 Parent Company: Not applicable
A.12 Members of the Management body:
Name
Business Address
Function
John Ting Li
Euro House, Richmond Hill
Road, P. O Box 2897,
Kingstown, St. Vincent & the
Grenadines
Director
Minkyu Cho
Euro House, Richmond Hill
Road, P. O Box 2897,
Kingstown, St. Vincent & the
Grenadines
Not applicable

A.13 Business Activity: Development and promotion of the Platform (as defined in D.2 below) and issuance
and distribution of Tokens (as defined in D.1 below).
A.14 Parent Company Business Activity: Not applicable
A.15 Newly Established: false
A.16 Financial condition for the past three years: Not applicable, as the Issuer was established on 2023-
09-20 and has therefore not existed for the past three years.

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A.17 Financial condition since registration:
The Issuer was established within the past three years and as such, its financial history is limited. The Issuer
has limited direct financial activity to date and no published audited financial statements are available.
To date, the Issuer has raised funds of approximately US$2.11 million, through the issuance of Tokens.
Funds from initial fundraising have supported R&D, blockchain protocol design, team recruitment and
regulatory compliance efforts. Operations and expenses have been limited to setup and development and
related costs. Apart from such costs, no other material liabilities have been recorded. As at 31 December
2025, the Issuer's assets comprising crypto assets amounted to approximately US$400,000.
As the Issuer is in an early-revenue stage and continues to face ongoing development costs, the Issuer's
expenses for the financial year ended 31 December 2025 which were in the region of US$1.52 million
(which related primarily to development and operating costs) exceeded its revenue for the financial year

ended 31 December 2025 which was approximately US$1.25 million.
B. Information about Issuer (If Different from Offeror or Person Seeking
Admission to Trading)
B.1 Issuer Information: false
D. Information about Crypto-Asset Project
D.1 Crypto-asset project name: League of Traders ("Project")
D.2 Crypto-assets name: League of Traders tokens ("Tokens")
D.3 Abbreviation: LOT
D.4 Crypto-asset project description:
The Project seeks to develop and deploy a social digital assets trading platform known as "League of
Traders" ("Platform"), which aims to gamify the trading experience by ranking users of the Platform
("Users") on leaderboards based on their trading performance, as well as promote an open and transparent
trading community by allowing Users to, amongst others, observe the trading behaviour of other Users and
follow the trading strategies of other Users.
The Platform is contemplated to offer the following key features:
•
(A) Portfolio management: A portfolio tracker for Users to consolidate and manage their portfolios
from multiple exchanges all in one place. The portfolio tracker aggregates data from several
exchanges into one portfolio, linking real-time prices and position data to provide reliable coverage
across exchanges.
•
(B) "Pay-to-See" allows Users to pay a one-off fee in Tokens ("Pay-to-See Fees") to unlock and
view the trading portfolio of other Users on the Platform.
•
(C) "Pay-to-Follow" allows Users to pay a recurring fee in Tokens ("Pay-to-Follow Fees") to
unlock and view the trading portfolio of other Users on the Platform, on a subscription basis to
maintain access to such other Users' portfolio for an extended period of time.
•
(D) "League Points" is a point system whereby Users can participate in prescribed tasks and
missions to earn points known as "League Points". A User may exchange such User's League Points
for Tokens ("League Points Rewards"), on such terms as may be prescribed by the Project.

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•
(E) "Copy Trading" allows Users to follow the trading strategies of other Users ("Copy Leaders")
and place the same trades as, or trades adopting the same strategies as that of, such Copy Leaders.
Users are required to pay a fee associated with such Copy Trading ("Copy Trading Fees").
•
(F) "LOT Beacon" allows Users to directly manage their trading assets and select trading strategies
through a smart contract interface. By supporting both manual and automated execution modes,
Users can apply chosen strategies across centralized (CEX) and decentralized (DEX) exchanges
based on their preferences and risk profile

. A key differentiator of LOT Beacon is its support for
decentralized exchanges. This ensures Users retain full custody of their assets while benefiting from
strategy execution without reliance on centralized intermediaries.
Users can select a trading pair (e.g., BTC/USDT) supported by the Platform ("User-Selected Trading Pair")
and a trade signal corresponding to such trading pair ("User-Selected Trade Signal"), and place a trade
(either on a manual or automated basis) for such User-Selected Trading Pair based on such User-Selected
Trade Signal. Where a User elects to trade on a manual basis, a fee denominated in Tokens will have to be
paid by such User in order for such User to receive a trade signal ("Manual Trade Signal Fees"). Where a
User elects to trade on an automated basis, automated trades will be initiated via third-party digital asset
execution venues.
D.5 Details of all natural or legal person involved in the implementation of the crypto-asset project:
Type
Name
Business Address
Domicile
Development team
Social Tech LLC
Euro House,
Richmond Hill Road,
P. O Box 2897,
Kingstown, St.
Vincent & the
Grenadines
Saint Vincent and the
Grenadines
Other person involved
in implementation
John Ting Li
Euro House,
Richmond Hill Road,
P. O Box 2897,
Kingstown, St.
Vincent & the
Grenadines
Saint Vincent and the
Grenadines
Advisor
Minkyu Cho
Euro House,
Richmond Hill Road,
P. O Box 2897,
Kingstown, St.
Vincent & the
Grenadines
Saint Vincent and the
Grenadines

D.6 Utility Token Classification: true
D.7 Key Features of Goods/Services for Utility Token Projects:
The Platform is contemplated to offer the following key features:

[PDF 10페이지]
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•
(A) Portfolio management: A portfolio tracker for Users to consolidate and manage their portfolios
from multiple exchanges all in one place.
•
(B) "Pay-to-See" allows Users to pay a one-off fee in Tokens to unlock and view the trading
portfolio of other Users on the Platform.
•
(C) "Pay-to-Follow" allows Users to pay a recurring fee in Tokens to unlock and view the trading
portfolio of other Users on a subscription basis.
•
(D) "League Points" is a point system whereby Users can participate in prescribed tasks and
missions to earn points exchangeable for Tokens.
•
(E) "Copy Trading" allows Users to follow trading strategies of other Users ("Copy Leaders") and
place the same trades. Users are required to pay a fee associated with such Copy Trading.
•
(F) "LOT Beacon" allows Users to directly manage their trading assets and select trading strategies
through a smart contract interface, supporting both manual and automated execution modes across

CEX and DEX. A key differentiator is its support for decentralized exchanges, ensuring Users retain
full custody of their assets while benefiting from strategy execution without reliance on centralized
intermediaries.
Users can select a trading pair (e.g., BTC/USDT) supported by the Platform and a trade signal corresponding
to such trading pair. Where a User elects to trade on a manual basis, a fee denominated in Tokens will have
to be paid in order to receive a trade signal ("Manual Trade Signal Fees"). Where a User elects to trade on an
automated basis, automated trades will be initiated via third-party digital asset execution venues.
D.8 Plans for the token:
Past Milestones:
•
Token Staking launched on 20 June 2025
•
Token listing on centralised exchanges such as Kucoin, Gate and MEXC on 20 June 2025
•
Wallet integration on the Platform in the 3rd quarter of 2025
•
Pay-to-See model launched in the 4th quarter of 2025
Future Milestones:
•
Multi-chain integration in the 2nd quarter of 2026
D.9 Resource Allocation: Funds from earlier fundraising have been primarily allocated to Platform
development, security enhancements and regulatory compliance efforts. The remaining funds are to be
allocated for ecosystem growth, user acquisition and operational expansion.
D.10 Planned Use of Collected Funds or Crypto-Assets: See D.9 above.
E. Information on Offer to Public of Crypto-Assets or their Admission to
Trading
E.1 Public Offering or Admission to trading: Admission to trading
E.2 Reasons for Public Offer or Admission to Trading: Admission of Tokens for trading on crypto-assets
trading platforms ("Trading Platforms") including Bitpanda GmbH is sought for additional trading liquidity
for holders of Tokens and prospective acquirors of Tokens.
E.3 Fundraising target: Not applicable (as this is not a public offer).

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E.4 Minimum subscription goals: Not applicable (as this is not a public offer).
E.5 Maximum subscription goals: Not applicable (as this is not a public offer).
E.6 Oversubscription Acceptance: false
E.7 Oversubscription allocation: Not applicable (as this is not a public offer).
E.8 Issue price: Not applicable (as this is not a public offer).
E.9 Official currency / other tokens determining issue price: Not applicable (as this is not a public offer).
E.10 Subscription fee: Not applicable (as this is not a public offer).
E.11 Offer price determination method: Not applicable (as this is not a public offer).
E.12 Total number of offered or traded crypto-assets: The maximum supply of the Tokens that can be

admitted for trading on Trading Platforms is set at a maximum of 1 billion Tokens according to the Issuer's
documentation (https://docs.leagueoftraders.io/token-information, accessed on 15 October 2025).
E.13 Targeted holders: The intended target holders of the Tokens are persons who access and use Trading
Platforms such as Bitpanda Spotlight, including Users of the Platform who require Tokens in connection
with their use of the Platform (and which may include retail users).
E.14 Holder restrictions: No restrictions (as regards the type of holders) are contemplated of Tokens to be
admitted for trading on the Trading Platforms.
E.15 Reimbursement notice: Not applicable (as this is not a public offer).
E.16-E.19 Refund mechanism, timeline, offer phases, discount: Not applicable (as this is not a public
offer).
E.20 Time-limited offer: false
E.21-E.23 Subscription period, safeguarding: Not applicable (as this is not a public offer).
E.24 Payment methods: Not applicable. This Whitepaper is prepared in connection with admission of
Tokens for trading on Trading Platforms instead of offering of Tokens to the public. The methods of
payment available for the Tokens on the Trading Platforms depend on the methods of payments offered by
such Trading Platforms. The Issuer does not prescribe, control or restrict payment methods offered by
Trading Platforms in connection with the purchase of the Tokens.
E.25 Value transfer methods for reimbursement: Not applicable (as this is not a public offer).
E.26 Right of withdrawal: Not applicable (as this is not a public offer).
E.27 Transfer of purchased crypto-assets:
Where Tokens are purchased via a Trading Platform, the purchased Tokens will be credited to the Token
acquiror's designated wallet, provided that such designated wallet is compatible for use with the Trading
Platform.
Settlement of purchases of Tokens occur on-chain and the Issuer does not intermediate or control the process
of transfer of Tokens. The Issuer does not operate or control the underlying BSC blockchain infrastructure as
further described at H.7 below.

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E.28 Transfer time schedule: Not applicable (as this is not a public offer).
E.29 Purchaser's technical requirements:
Tokenholders require a wallet compatible with BSC and capable of receiving BEP-20 tokens in order to
purchase, hold and transfer Tokens.
Where a Token acquiror wishes to hold Tokens via self-custodied wallets, such Token acquiror is solely
responsible for maintaining access to and securing management of the private keys or recovery credentials

associated with such self-custodied wallets.
Where a Token acquiror chooses to hold Tokens via custodial accounts (which may include accounts held
with Trading Platforms), such Token acquiror relies on the custodian to manage these technical requirements
on their behalf.
All Token holders are responsible for ensuring that their chosen wallet or custodian supports BEP-20 tokens
on the BSC network. The Issuer assumes no responsibility for providing any wallet software, custody
services or technical support in connection with the holding and transfer of Tokens.
E.30 Other token service provider (CASP) name: Not applicable. There is no CASP appointed or
mandated for placing of the Tokens.
E.31 CASP identifier: Not applicable. There is no CASP appointed or mandated for placing of the Tokens.
E.32 Placement form: Not applicable
E.33 Trading platforms name: The initial Trading Platform is BitPanda GmbH accessible at
https://www.bitpanda.com/en. Tokens may also be listed on other Trading Platforms in the future.
E.34 Trading platforms market identifier code (MIC): Not applicable
E.35 Trading platforms access: Access conditions will depend on the Trading Platforms that may list the
Tokens.
E.36 Involved costs: Costs of access to the Trading Platforms for trading of Tokens depend on the Trading
Platform listing the Tokens. Investors should review the prevailing fee structures of the Trading Platforms
before making trading decisions. Furthermore, costs may be incurred for transfers out of the Trading
Platform (i.e. gas costs for blockchain network use that may exceed the value of the crypto-asset itself).
E.37 Offer expenses: Not applicable (as this is not a public offer).
E.38 Conflicts of interest: No conflicts of interest exist in respect of the admission to trading as the Issuer
does not control or have any interest in the Trading Platforms such as Bitpanda GmbH for which admission
for trading is sought.
E.39 Applicable law: The issuance of Tokens is governed by the laws of St. Vincent & the Grenadines.
E.40 Competent court: Courts of St. Vincent & the Grenadines.
F. Information about the Crypto-Assets
F.1 Crypto-asset type: A crypto-asset other than an electronic money token or an asset-referenced token
that does not qualify as a financial instrument or otherwise fall outside the scope of MiCA.

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F.2 Crypto-asset functionality: Please refer to D.4 above.
F.3 Planned application of functionalities: The Token functionalities are already in effect.
F.4 Type of crypto-asset white paper: Other crypto-asset token white paper

F.5 Type of submission: New
F.6 Crypto-asset characteristics:
•
Tokens may be utilised as a means of payment for various fees as described at D.4 above, including
Pay-to-See Fees, Pay-to-Follow Fees, Copy Trading Fees and LOT Beacon Fees.
•
Token holders may also utilise their Tokens to unlock access to additional features on the Platform.
•
Token holders may stand to receive discounts on Copy Trading Fees.
•
Tokens may be Staked in order to receive sMP and accordingly, the right to participate in the POS
Pool and cMP to participate in Community Voting.
•
Tokens are distributed as rewards and incentives for Users' active participation on the Platform, as
described at D.4 above.
F.7 Commercial name or trading name: LOT Foundation Limited
F.8 Website of the issuer: https://leagueoftraders.io/
F.9 Starting date of offer to the public or admission to trading: 2026-05-13 (intended)
F.10 Publication date: 2026-05-06
F.11 Any other services provided by the issuer: Not applicable
F.12 Language or languages of the white paper: English
F.13 Digital token identifier code: Not applicable
F.14 Functionally fungible group digital token identifier: Not applicable
F.15 Voluntary data flag: false
F.16 Personal data flag: true
F.17 LEI eligibility: true
F.18 Home Member State: Germany
F.19 Host Member States: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia,
Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania,
Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden.
G. Information on the rights and obligations attached to the crypto-assets
G.1 Purchaser Rights and Obligations: Purchasers of the Tokens acquire property over the Tokens as an
asset, which includes the bundle of rights under the applicable legal systems (right to use, right to transfer,
etc.). Obligations are determined by the applicable legal system but there are no obligations intrinsic to the
purchase of the Token itself.

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G.2 Exercise of Rights and Obligations: Acquirors of Tokens may exercise their rights in respect of their
Tokens by utilising their Tokens in such manner described at F.6 above.
G.3 Conditions for Modifications of Rights and Obligations: The rights and obligations attached to the
Tokens may be modified as a result of an adjustment of the technical infrastructure necessary for the proper
functioning of the Platform, to address declining functionality of the Tokens and all other adverse effects for
Token holders, which may occur at any time.

G.4 Future Public Offers: Not applicable. This White Paper is drafted in connection with admission of
Tokens for trading on Trading Platforms with no offering of Tokens contemplated by the Issuer at the
moment although there is no assurance that the Issuer will not make offers of Tokens in the future.
G.5 Number of Issuer's Retained Crypto-Assets: Not applicable (as this is not a public offer).
G.6 Utility Token Classification: true
G.7 Key Features of Goods and Services of Utility Tokens: Access to the Platform features as described at
D.4 and F.2 above.
G.8 Utility Tokens Redemption: As a means of payment as described at D.4 and F.2 above.
G.9 Non-Trading Request: true
G.10 Purchase or sale modalities: Not applicable. This White Paper is drafted in connection with
admission of Tokens for trading on Trading Platforms.
G.11 Crypto-Assets Transfer Restrictions: No restrictions on transferability are contemplated of Tokens to
be admitted for trading on the Trading Platforms.
G.12 Supply Adjustment Protocols: false
G.13 Supply adjustment mechanisms: Not applicable
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: The issuance of Tokens is governed by the laws of St. Vincent & the Grenadines.
However, the Tokens are not protected by any token value protection schemes or compensation schemes.
G.19 Competent Court: Courts of St. Vincent & the Grenadines. However, the Tokens are not protected by
any token value protection schemes or compensation schemes.
H. Information on the Underlying Technology
H.1 Distributed Ledger Technology: The Tokens are issued on the BNB Smart Chain (BSC), a public,
permissionless EVM-compatible distributed ledger.
H.2 Protocols and Technical Standards: The Tokens are issued on BSC under the BEP-20 token standard,
with the potential for multi-chain support to accommodate future expansion and integration in line with the

[PDF 15페이지]
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Project's strategic objectives.
H.3 Technology Used: See H.1 and H.2 above. The Token contract address is
0xbfe78De7D1c51E0868501D5FA3E88e674C79AcDD.
H.4 Consensus Mechanism: Not applicable. The Project and the Platform do not involve a proprietary
consensus layer in respect of the Tokens. Instead, the Tokens are issued on BSC which uses a Proof-of-
Staked Authority consensus for the Tokens.
H.5 Incentive Mechanisms and Applicable Fees: Transactions involving the Tokens follow the BSC fee
model as detailed at: https://support.bitcoin.com/en/articles/7894845-bnb-fees

. The majority of transaction
fees generated on BSC are paid to BSC validators. BSC runs on a Proof-of-Staked Authority consensus
mechanism where validators take turns compiling and proposing transactions for new blocks. A small
portion of transaction fees go to the BSC protocol and are used for actions such as facilitating cross-chain
transactions between the BNB ecosystem of blockchains.
H.6 Use of Distributed Ledger Technology: false
H.7 DLT functionality description:
Not applicable, as BSC is not operated by the Issuer or a third party acting on the Issuer's behalf.
The Tokens are issued on BSC, a public blockchain operated by Binance and its validator network. All
transactions — issuance, transfer, and storage — are recorded on the BSC distributed ledger, ensuring
transparency, immutability, and decentralized verification.
The Issuer does not operate or control the underlying BSC blockchain infrastructure but adopted BSC for
issuance of Tokens and for recording of transactions involving the Tokens in compliance with BEP-20
standards.
H.8 Audit: true
H.9 Audit Outcome: The token smart contract which issued the Tokens underwent a security audit
conducted by CertiK, a leading blockchain security firm. Audit results are publicly available at:
https://skynet.certik.com/ko/projects/league-of-traders.
I. Information on Risks
I.1 Offer-Related Risks:
(a) Market and liquidity risks: Liquidity is contingent upon trading activity levels on decentralized
exchanges (DEXs) and potentially on centralized exchanges (CEXs), should they be involved. Listing does
not guarantee active market participation or liquidity. Low trading volumes can restrict the buying and
selling capabilities of the Tokens. The Token will likely be subject to high volatility and market speculation.
Price fluctuations could be significant, posing a risk of substantial losses to Token holders.
(b) Counterparty risks: As the admission to trading involves connection to other trading venues,
counterparty risks arise, including but not limited to the risk of trading platforms not operating to the highest
standards, and the risk of the Tokens being delisted from connected trading venues which could affect or
completely halt the ability for the Tokens to be traded.
I.2 Issuer-Related Risks: If the Issuer ceases operations, or the Platform cannot be maintained, the Tokens
may lose their intended utility and become worthless.

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I.3 Crypto-Assets-Related Risks:
(a) Market volatility: The market price of the Token may fluctuate significantly due to demand within the

Platform and broader crypto-market conditions. Volatility may result from external economic factors,
regulatory changes, or shifts in investor sentiment. These fluctuations can cause Token prices to drop and
even become worthless within a very short period of time.
(b) Financial stability and operational risks: The Token's value depends on the financial health and
operational capabilities of the Issuer. If the Issuer faces liquidity shortages, funding difficulties, or rising
operational costs, it may impact the Platform's development and service continuity, thereby reducing the
Token's usability and demand.
(c) Limited utility and usability outside the Platform: The Token is intended for use within the Project
ecosystem. While the Tokens will be freely transferable after vesting, their value and demand are directly
tied to Platform adoption and service usage. A decline in User engagement or Platform use could reduce
Token demand. The Token is not redeemable for fiat currency within the Platform, and its usability in
external ecosystems remains limited.
(d) Dependence on blockchain infrastructure: The Token operates on BSC, meaning its functionality is
dependent on the stability, security, and efficiency of the blockchain network. Risks associated with
blockchain infrastructure include network congestion or technical failures, which may impact transaction
speed and increase transaction costs, and potential blockchain forks or protocol changes, which could require
adjustments to the Token's smart contracts. As a blockchain-based asset, the Token is exposed to
cybersecurity risks, including hacking, data breaches, or smart contract vulnerabilities. Despite security
audits, unforeseen vulnerabilities could still pose risks to Token security and functionality.
(e) Jurisdictional restrictions: Regulations regarding crypto-assets vary across different jurisdictions. Some
countries may impose restrictions on the trading, holding, or usage of Tokens. Purchasers must ensure that
they comply with local legal requirements before acquiring or using the Token.
(f) Innovation and market relevance risk: The blockchain and tokenization industry is evolving rapidly.
Emerging technologies, new regulatory frameworks, or competitive solutions may affect the long-term
relevance of the Token. If the Issuer fails to continuously adapt to industry trends, the Token's value and
demand may decline.
I.4 Project Implementation-Related Risks:
(a) Development and deployment risk: The success of the Token depends on the effective and timely
development and maintenance of the Platform

. Delays in development, unforeseen technical challenges, or
failure to implement planned features could negatively affect the Platform's ability to deliver services as
intended. If core functionalities are not developed or deployed as planned, the Token's utility may be
diminished.
(b) Scalability and performance risk: As adoption of the Platform increases, scalability and performance
limitations may emerge. High transaction volumes or unexpected demand surges could lead to network
congestion, slower processing times, or degraded Platform performance. These issues could limit the
usability of the Token, affecting user experience and overall market confidence.
(c) Dependence on external partnerships and service providers: The Issuer relies on third-party service
providers and technology partners for critical functions, including blockchain infrastructure, liquidity
provision, and regulatory compliance services. Failures, security breaches, insolvency, or operational issues
affecting these external providers could disrupt platform services, impacting the utility and availability of the
Token.

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(e) Funding risks: The further development and maintenance of the Platform require sufficient financial
resources. The Issuer depends on revenues from Platform services, external funding, and market adoption.
Economic downturns, reduced investor confidence, or unexpected financial challenges could impact the
company's ability to sustain Platform operations and technological advancements. If the Issuer is unable to
secure sufficient funding, it may be forced to scale back Platform development, reducing the Token's long-
term viability.
(f) Technological and integration risk: Integrating blockchain-based infrastructure with existing financial
and legal systems presents technological and compatibility challenges. Changes in blockchain protocols,
security vulnerabilities, or unforeseen technical constraints could delay or restrict platform features, directly
affecting the usability of the Token.
(g) Regulatory compliance for Project implementation: The legal and regulatory landscape for crypto-
assets and blockchain services continues to evolve. New regulatory requirements or changes in interpretation
could impose additional compliance burdens on the Issuer. This may include restrictions on token offerings,
modifications to token-based services, or new licensing requirements. Non-compliance with these
regulations could lead to penalties, service limitations, or operational restrictions, all of which could affect
the functionality and marketability of the Token.

I.5 Technology-Related Risks:
(a) Blockchain and smart contract vulnerability: The Token's smart contracts are susceptible to coding
vulnerabilities, bugs, or security flaws that could be exploited by malicious actors. A breach in the smart
contract could result in unauthorized transactions, token loss, or manipulation of staking mechanisms,
affecting the Token's security and trust among holders. Even though security audits are conducted,
unforeseen vulnerabilities may still pose a risk.
(b) Cybersecurity and data breach risks: As a blockchain-based asset, the Token is exposed to
cybersecurity threats such as hacking, phishing attacks, and data breaches. If attackers compromise the
Project's infrastructure or the wallets of Token holders, this could result in financial losses, operational
disruptions, and reputational damage.
(c) Dependency on underlying blockchain stability and performance: The Token operates on BSC
meaning its functionality depends on the stability and efficiency of this network. Risks include network
congestion, which may lead to higher transaction fees or slower confirmation times, technical failures,
blockchain reorgs, or forks, which could impact Token transfers and Staking mechanisms. Reliance on third-
party validators and node operators may also introduce security vulnerabilities or service disruptions.
(d) Wallet and private key risk: Token holders are responsible for the custody of their Tokens in a
compatible cryptographic wallet and for securing their private keys. Loss of a private key means permanent
loss of access to the Tokens, with no possibility of recovery. If a holder connects their wallet to malicious
applications or platforms, they risk unauthorized access to their assets.
(e) Technology obsolescence risk: Blockchain technology is rapidly evolving. If the Platform does not
adapt to new standards, interoperability solutions, or emerging security protocols, the Token's utility and
competitive relevance may diminish over time. New blockchain innovations could introduce more efficient
tokenization models, potentially reducing demand for the Token.
(f) Risk of technical failures and downtime: Technical issues, such as server outages, software bugs, or
API failures, could lead to Platform downtime, transaction delays, or staking errors. If prolonged, such
failures may disrupt user confidence and limit access to the Token's functionality.
(g) Data privacy and compliance risk: The Issuer, being the operator of the Platform, processes User data

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in compliance with applicable data protection laws.

I.6 Mitigation Measures:
•
Smart contract audit completed by CertiK (https://skynet.certik.com/projects/league-of-traders).
•
Continuous monitoring of security vulnerabilities.
•
Token security managed via Safe multi-sig with regular checks with the internal audit team.
•
Internal three-person cross-check system in place and contingency plan activated in case of
incidents.
Notwithstanding the above, these measures may not be effective in mitigating any of the risks associated
with the technology used (including the risks outlined above in this Part I).
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: See S.1 to S.36 below.
Mandatory Information on Principal Adverse Impacts of the Consensus Mechanism
S.1 Name: Refer to A.1 above.
S.2 Relevant legal entity identifier: Refer to A.6 above.
S.3 Name of the crypto-asset: Refer to D.2 above.
S.4 Consensus mechanism: Refer to H.4 above.
S.5 Incentive mechanisms and applicable fees: Refer to H.5 above.
S.6 Beginning of period to which disclosed information relates: Not applicable
S.7 End of period to which disclosed information relates: Not applicable
S.8 Energy consumption:
Less than 500,000 kWh per year.
The Tokens are issued on the BSC, which utilises a Proof-of-Staked Authority consensus mechanism,
significantly reducing energy usage compared to traditional Proof-of-Work ("PoW") systems by removing
energy-intensive mining. Validators are selected based on stake and authority, which requires minimal
computational resources. According to publicly available sources, BSC's energy consumption is also
relatively lower than PoW blockchains, contributing to a more sustainable blockchain infrastructure. There is
no publicly accessible data on the consumption of energy for the validation of each transaction on BSC,
which has been described as "negligible" (https://www.adan.eu/en/publication/blockchain-protocols-and-
their-energy-footprint/#BNB and https://www.parisblockchainweek.com/post/pos-pow, last accessed on 21
January 2026).
The Tokens, as fungible digital assets deployed on BSC, benefit from this energy-efficient consensus
mechanism, in support of broader sustainability goals with the view to minimising adverse climate and
environmental effects typically associated with blockchain-based technologies.
S.9 Energy consumption sources and methodologies:

[PDF 19페이지]
Page 19 of 20
Refer to disclosure in S.8. There is no publicly accessible data on the consumption of energy for the

validation of each transaction on BSC.
The Project and the Platform does not involve a proprietary consensus layer in respect of the Tokens.
Instead, the Tokens are issued on BSC which uses a Proof-of-Staked Authority consensus for the Tokens.
Supplementary Key Indicators
S.10 Renewable energy consumption: Refer to disclosure in S.9.
S.11 Energy intensity: Refer to disclosure in S.9.
S.12 Scope 1 DLT GHG emissions - controlled: Refer to disclosure in S.9.
S.13 Scope 2 DLT GHG emissions - purchased: Refer to disclosure in S.9.
S.14 GHG intensity: Refer to disclosure in S.9.
S.15 Key energy sources and methodologies: Refer to disclosure in S.9.
S.16 Key GHG sources and methodologies: Refer to disclosure in S.9.
Optional Indicators
S.17 Energy mix: Refer to disclosure in S.9.
S.18 Energy use reduction: Refer to disclosure in S.9.
S.19 Carbon intensity (kgCO2e/kWh): Refer to disclosure in S.9.
S.20 Scope 3 DLT GHG emissions - value chain: Refer to disclosure in S.9.
S.21 GHG emissions reduction targets or commitments: Refer to disclosure in S.9.
S.22 Generation of waste electrical and electronic equipment (WEEE): Refer to disclosure in S.9.
S.23 Non-recycled WEEE ratio: Refer to disclosure in S.9.
S.24 Generation of hazardous waste: Refer to disclosure in S.9.
S.25 Generation of waste (all types): Refer to disclosure in S.9.
S.26 Non-recycled waste ratio (all types): Refer to disclosure in S.9.
S.27 Waste intensity (all types): Refer to disclosure in S.9.
S.28 Waste reduction targets or commitments (all types): Refer to disclosure in S.9.
S.29 Impact of use of equipment on natural resources: Refer to disclosure in S.9.
S.30 Natural resources use reduction targets or commitments: Refer to disclosure in S.9.
S.31 Water use: Refer to disclosure in S.9.
S.32 Non-recycled water ratio: Refer to disclosure in S.9.
S.33 Other energy sources and methodologies: Refer to disclosure in S.9.

[PDF 20페이지]
Page 20 of 20
S.34 Other GHG sources and methodologies: Refer to disclosure in S.9.
S.35 Waste sources and methodologies: Refer to disclosure in S.9.
S.36 Natural resources sources and methodologies: Refer to disclosure in S.9.

[외부 원문 4]
[URL] https://x.com/leagueoftraders
[제목] League of Traders (@leagueoftraders) on X

Pinned
League of Traders
@leagueoftraders
Nov 18, 2024
Community is everything at League of Traders. We built Korea’s biggest social trading network, and we’re just getting started. Next stop: the world! 🌎 Where should we host our next event? Let us know! 📍
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League of Traders
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Oct 2
What a week it’s been! The energy in Seoul after KBW is always electric ⚡️ It’s been a great week to connect, catch up, and see what’s happening across the space. Here’s to the next one! 🥂
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League of Traders
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🌕 Happy Chuseok and happy Mid-Autumn Festival to everyone celebrating! Wishing everyone around the world good food, good company, and a little time away from the charts. Enjoy the holiday 🥮
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[외부 원문 5]
[URL] https://leagueoftraders.io/
[제목] Explore your friend’s portfolio - No sign-up required

[첨부 보고서 원문]
[상세 페이지] https://leagueoftraders.io/
[PDF 원문] https://leagueoftraders.io/MiCAR_WhitePaper.pdf
[파일명] MiCAR_WhitePaper.pdf
[페이지 수] 20

[PDF 1페이지]
IN ACCORDANCE WITH
TITLE II OF REGULATION (EU) 2023/1114
MiCAR WhitePaper

[PDF 2페이지]
Page 2 of 20
Table of Contents
General Information
Summary
A. Information about the Person Seeking Admission to Trading
A.1 Name
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.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. Information about Issuer (If Different from Offeror or Person Seeking Admission to Trading)
D. Information about Crypto-Asset Project
D.1 Crypto-asset project name
D.2 Crypto-assets name
D.3 Abbreviation
D.4 Crypto-asset project description
D.5 Details of natural or legal persons involved
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. Information on Offer to Public of Crypto-Assets or their Admission to Trading
E.1 Public Offering or Admission to

trading
E.2 Reasons for Public Offer or Admission to Trading
E.6 Oversubscription Acceptance
E.12 Total number of offered or traded crypto-assets
E.13 Targeted holders
E.14 Holder restrictions
E.20 Time-limited offer
E.24 Payment methods
E.27 Transfer of purchased crypto-assets
E.29 Purchaser's technical requirements

[PDF 3페이지]
Page 3 of 20
E.30 CASP name
E.33 Trading platforms name
E.36 Involved costs
E.38 Conflicts of interest
E.39 Applicable law
E.40 Competent court
F. Information about the Crypto-Assets
F.1 Crypto-asset type
F.2 Crypto-asset functionality
F.3 Planned application of functionalities
F.4 Type of crypto-asset white paper
F.5 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 white paper
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. Information on the rights and obligations attached to the crypto-assets
G.1 Purchaser Rights and Obligations
G.2 Exercise of Rights and Obligations
G.3 Conditions for Modifications of Rights and Obligations
G.4 Future Public Offers
G.5 Number of Issuer's Retained Crypto-Assets
G.6 Utility Token Classification
G.7 Key Features of Goods and Services of Utility Tokens
G.8 Utility Tokens Redemption
G.9 Non-Trading Request
G.11 Crypto-Assets Transfer Restrictions
G.12 Supply Adjustment Protocols
G.14 Token Value Protection Schemes
G.16 Compensation Schemes
G.18 Applicable Law
G.19 Competent Court
H. Information on the Underlying Technology
H.1 Distributed Ledger Technology
H.2 Protocols and Technical Standards
H.3 Technology Used
H.4 Consensus Mechanism

[PDF 4페이지]
Page 4 of 20
H.5 Incentive Mechanisms and Applicable Fees
H.6 Use of Distributed Ledger Technology
H.8 Audit
H.9 Audit Outcome
I. Information on Risks
I.1 Offer-Related 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
J. Information on the sustainability indicators in relation to adverse impact on the climate and other
environment-related adverse impacts
S.1 to S.7 General information
S.8 Energy consumption
S.9 Energy consumption sources and methodologies
S.10–S.16 Supplementary indicators
S.17–S.36 Optional indicators

[PDF 5페이지]
Page 5 of 20
General Information
00. Table of conten

ts: true
01. Date of Notification: 2026-05-06
02. Statement in accordance with Article 6(3) of Regulation (EU) 2023/1114:
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.

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):
The crypto-asset referred to in this 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):
The utility token referred to in this white paper may not be exchangeable against the good or service
promised in the crypto-asset 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):
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. The crypto-asset referred to in this white
paper is not covered by the deposit guarantee schemes under Directive 2014/49/EU of the European
Parliament and of the Council.

[PDF 6페이지]
Page 6 of 20
Summary
07. Warning in accordance with Article 6(7), second subparagraph, of Regulation (EU) 2023/1114:
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 natio

nal law.
08. Characteristics of the Crypto-Asset:
•
The League of Traders tokens ("Tokens") may be utilised as a means of payment for various fees on
the League of Traders platform ("Platform") by the users of the Platform ("Users").
•
Token holders may also utilise their Tokens to unlock access to additional features on the Platform.
•
Token holders may stand to receive discounts on fees for copy trading.
•
Tokens may be locked at a designated address ("Staking") so that the User may stand to receive
rewards and/or incentives in the form of additional Tokens and community voting rights on the
Platform.
•
Tokens are distributed as rewards and incentives for Users' active participation on the Platform.
09. Utility Token Summary: Refer to the disclosure at item 08 above and D.4 below for information on the
goods and services to which the Tokens give access. No restrictions on transferability are contemplated of
the Tokens to be admitted for trading on the Trading Platforms.
10. Key Information About the Offer to the Public or Admission to Trading:
The Tokens are issued on BSC, a public blockchain operated by Binance and its validator network. All
transactions—issuance, transfer, and storage—are recorded on the BNB Smart Chain ("BSC") distributed
ledger, ensuring transparency, immutability, and decentralized verification.
LOT Foundation Limited ("Issuer") does not operate or control the underlying BSC blockchain infrastructure
but adopted BSC for issuance of Tokens and for recording of transactions involving the Tokens in
compliance with BEP-20 standards.

[PDF 7페이지]
Page 7 of 20
A. Information about the Person Seeking Admission to Trading
A.1 Name: LOT Foundation Limited
A.2 Legal Form: Business Company under the laws of St. Vincent and the Grenadines
A.3 Registered address:
Address: Euro House, Richmond Hill Road, P. O Box 2897, Kingstown, St. Vincent & the Grenadines
Country: Saint Vincent and the Grenadines
Subdivision: Not applicable
A.4 Head office:
Address: Euro House, Richmond Hill Road, P. O Box 2897, Kingstown, St. Vincent & the Grenadines
Country: Saint Vincent and the Grenadines
Subdivision: Not applicable
A.5 Registration Date: 2023-09-20
A.6 Legal entity identifier (LEI): 529900LQW272RBKLIV93
A.7 Another identifier required pursuant to applicable national law: Not applicable
A.9 E-mail address: contact@leagueoftraders.io
A.10 Response Time (Days): 3
A.11 Parent Company: Not applicable
A.12 Members of the Management body:
Name
Business Address
Function
John Ting Li
Euro House, Richmond Hill
Road, P. O B

ox 2897,
Kingstown, St. Vincent & the
Grenadines
Director
Minkyu Cho
Euro House, Richmond Hill
Road, P. O Box 2897,
Kingstown, St. Vincent & the
Grenadines
Not applicable

A.13 Business Activity: Development and promotion of the Platform (as defined in D.2 below) and issuance
and distribution of Tokens (as defined in D.1 below).
A.14 Parent Company Business Activity: Not applicable
A.15 Newly Established: false
A.16 Financial condition for the past three years: Not applicable, as the Issuer was established on 2023-
09-20 and has therefore not existed for the past three years.

[PDF 8페이지]
Page 8 of 20
A.17 Financial condition since registration:
The Issuer was established within the past three years and as such, its financial history is limited. The Issuer
has limited direct financial activity to date and no published audited financial statements are available.
To date, the Issuer has raised funds of approximately US$2.11 million, through the issuance of Tokens.
Funds from initial fundraising have supported R&D, blockchain protocol design, team recruitment and
regulatory compliance efforts. Operations and expenses have been limited to setup and development and
related costs. Apart from such costs, no other material liabilities have been recorded. As at 31 December
2025, the Issuer's assets comprising crypto assets amounted to approximately US$400,000.
As the Issuer is in an early-revenue stage and continues to face ongoing development costs, the Issuer's
expenses for the financial year ended 31 December 2025 which were in the region of US$1.52 million
(which related primarily to development and operating costs) exceeded its revenue for the financial year
ended 31 December 2025 which was approximately US$1.25 million.
B. Information about Issuer (If Different from Offeror or Person Seeking
Admission to Trading)
B.1 Issuer Information: false
D. Information about Crypto-Asset Project
D.1 Crypto-asset project name: League of Traders ("Project")
D.2 Crypto-assets name: League of Traders tokens ("Tokens")
D.3 Abbreviation: LOT
D.4 Crypto-asset project description:
The Project seeks to develop and deploy a social digital assets trading platform known as "League of
Traders" ("Platform"), which aims to gamify the trading experience by ranking users of the Platform
("Users") on leaderboards based on their trading performance, as well as promote an open and transparent
trading community by allowing Users to, amongst others, observe the trading behaviour of other Users and
follow the trading strategies of other Users.
The Platform is contemplated to offer the following key f

eatures:
•
(A) Portfolio management: A portfolio tracker for Users to consolidate and manage their portfolios
from multiple exchanges all in one place. The portfolio tracker aggregates data from several
exchanges into one portfolio, linking real-time prices and position data to provide reliable coverage
across exchanges.
•
(B) "Pay-to-See" allows Users to pay a one-off fee in Tokens ("Pay-to-See Fees") to unlock and
view the trading portfolio of other Users on the Platform.
•
(C) "Pay-to-Follow" allows Users to pay a recurring fee in Tokens ("Pay-to-Follow Fees") to
unlock and view the trading portfolio of other Users on the Platform, on a subscription basis to
maintain access to such other Users' portfolio for an extended period of time.
•
(D) "League Points" is a point system whereby Users can participate in prescribed tasks and
missions to earn points known as "League Points". A User may exchange such User's League Points
for Tokens ("League Points Rewards"), on such terms as may be prescribed by the Project.

[PDF 9페이지]
Page 9 of 20
•
(E) "Copy Trading" allows Users to follow the trading strategies of other Users ("Copy Leaders")
and place the same trades as, or trades adopting the same strategies as that of, such Copy Leaders.
Users are required to pay a fee associated with such Copy Trading ("Copy Trading Fees").
•
(F) "LOT Beacon" allows Users to directly manage their trading assets and select trading strategies
through a smart contract interface. By supporting both manual and automated execution modes,
Users can apply chosen strategies across centralized (CEX) and decentralized (DEX) exchanges
based on their preferences and risk profile. A key differentiator of LOT Beacon is its support for
decentralized exchanges. This ensures Users retain full custody of their assets while benefiting from
strategy execution without reliance on centralized intermediaries.
Users can select a trading pair (e.g., BTC/USDT) supported by the Platform ("User-Selected Trading Pair")
and a trade signal corresponding to such trading pair ("User-Selected Trade Signal"), and place a trade
(either on a manual or automated basis) for such User-Selected Trading Pair based on such User-Selected
Trade Signal. Where a User elects to trade on a manual basis, a fee denominated in Tokens will have to be
paid by such User in order for such User to receive a trade signal ("Manual Trade Signal Fees"). Where a
User elects to trade on an automated basis, automated trades will be initiated via third-party digital asset
execution venues.
D.5 Details of all natural or legal person involved in the implementation of the crypto-asset

project:
Type
Name
Business Address
Domicile
Development team
Social Tech LLC
Euro House,
Richmond Hill Road,
P. O Box 2897,
Kingstown, St.
Vincent & the
Grenadines
Saint Vincent and the
Grenadines
Other person involved
in implementation
John Ting Li
Euro House,
Richmond Hill Road,
P. O Box 2897,
Kingstown, St.
Vincent & the
Grenadines
Saint Vincent and the
Grenadines
Advisor
Minkyu Cho
Euro House,
Richmond Hill Road,
P. O Box 2897,
Kingstown, St.
Vincent & the
Grenadines
Saint Vincent and the
Grenadines

D.6 Utility Token Classification: true
D.7 Key Features of Goods/Services for Utility Token Projects:
The Platform is contemplated to offer the following key features:

[PDF 10페이지]
Page 10 of 20
•
(A) Portfolio management: A portfolio tracker for Users to consolidate and manage their portfolios
from multiple exchanges all in one place.
•
(B) "Pay-to-See" allows Users to pay a one-off fee in Tokens to unlock and view the trading
portfolio of other Users on the Platform.
•
(C) "Pay-to-Follow" allows Users to pay a recurring fee in Tokens to unlock and view the trading
portfolio of other Users on a subscription basis.
•
(D) "League Points" is a point system whereby Users can participate in prescribed tasks and
missions to earn points exchangeable for Tokens.
•
(E) "Copy Trading" allows Users to follow trading strategies of other Users ("Copy Leaders") and
place the same trades. Users are required to pay a fee associated with such Copy Trading.
•
(F) "LOT Beacon" allows Users to directly manage their trading assets and select trading strategies
through a smart contract interface, supporting both manual and automated execution modes across
CEX and DEX. A key differentiator is its support for decentralized exchanges, ensuring Users retain
full custody of their assets while benefiting from strategy execution without reliance on centralized
intermediaries.
Users can select a trading pair (e.g., BTC/USDT) supported by the Platform and a trade signal corresponding
to such trading pair. Where a User elects to trade on a manual basis, a fee denominated in Tokens will have
to be paid in order to receive a trade signal ("Manual Trade Signal Fees"). Where a User elects to trade on an
automated basis, automated trades will be initiated via third-party digital asset execution venues.
D.8 Plans for the token:
Past Milestones:
•
Token Staking launched on 20 June 2025
•
Token listing on centralised exchanges such as Kucoin, Gate and MEXC on 20 June 2025
•
Wallet integration on the Platform in the 3rd quarter

of 2025
•
Pay-to-See model launched in the 4th quarter of 2025
Future Milestones:
•
Multi-chain integration in the 2nd quarter of 2026
D.9 Resource Allocation: Funds from earlier fundraising have been primarily allocated to Platform
development, security enhancements and regulatory compliance efforts. The remaining funds are to be
allocated for ecosystem growth, user acquisition and operational expansion.
D.10 Planned Use of Collected Funds or Crypto-Assets: See D.9 above.
E. Information on Offer to Public of Crypto-Assets or their Admission to
Trading
E.1 Public Offering or Admission to trading: Admission to trading
E.2 Reasons for Public Offer or Admission to Trading: Admission of Tokens for trading on crypto-assets
trading platforms ("Trading Platforms") including Bitpanda GmbH is sought for additional trading liquidity
for holders of Tokens and prospective acquirors of Tokens.
E.3 Fundraising target: Not applicable (as this is not a public offer).

[PDF 11페이지]
Page 11 of 20
E.4 Minimum subscription goals: Not applicable (as this is not a public offer).
E.5 Maximum subscription goals: Not applicable (as this is not a public offer).
E.6 Oversubscription Acceptance: false
E.7 Oversubscription allocation: Not applicable (as this is not a public offer).
E.8 Issue price: Not applicable (as this is not a public offer).
E.9 Official currency / other tokens determining issue price: Not applicable (as this is not a public offer).
E.10 Subscription fee: Not applicable (as this is not a public offer).
E.11 Offer price determination method: Not applicable (as this is not a public offer).
E.12 Total number of offered or traded crypto-assets: The maximum supply of the Tokens that can be
admitted for trading on Trading Platforms is set at a maximum of 1 billion Tokens according to the Issuer's
documentation (https://docs.leagueoftraders.io/token-information, accessed on 15 October 2025).
E.13 Targeted holders: The intended target holders of the Tokens are persons who access and use Trading
Platforms such as Bitpanda Spotlight, including Users of the Platform who require Tokens in connection
with their use of the Platform (and which may include retail users).
E.14 Holder restrictions: No restrictions (as regards the type of holders) are contemplated of Tokens to be
admitted for trading on the Trading Platforms.
E.15 Reimbursement notice: Not applicable (as this is not a public offer).
E.16-E.19 Refund mechanism, timeline, offer phases, discount: Not applicable (as this is not a public
offer).
E.20 Time-limited offer: false
E.21-E.23 Subscription period, safeguarding: Not applicable (as this is not a public

offer).
E.24 Payment methods: Not applicable. This Whitepaper is prepared in connection with admission of
Tokens for trading on Trading Platforms instead of offering of Tokens to the public. The methods of
payment available for the Tokens on the Trading Platforms depend on the methods of payments offered by
such Trading Platforms. The Issuer does not prescribe, control or restrict payment methods offered by
Trading Platforms in connection with the purchase of the Tokens.
E.25 Value transfer methods for reimbursement: Not applicable (as this is not a public offer).
E.26 Right of withdrawal: Not applicable (as this is not a public offer).
E.27 Transfer of purchased crypto-assets:
Where Tokens are purchased via a Trading Platform, the purchased Tokens will be credited to the Token
acquiror's designated wallet, provided that such designated wallet is compatible for use with the Trading
Platform.
Settlement of purchases of Tokens occur on-chain and the Issuer does not intermediate or control the process
of transfer of Tokens. The Issuer does not operate or control the underlying BSC blockchain infrastructure as
further described at H.7 below.

[PDF 12페이지]
Page 12 of 20
E.28 Transfer time schedule: Not applicable (as this is not a public offer).
E.29 Purchaser's technical requirements:
Tokenholders require a wallet compatible with BSC and capable of receiving BEP-20 tokens in order to
purchase, hold and transfer Tokens.
Where a Token acquiror wishes to hold Tokens via self-custodied wallets, such Token acquiror is solely
responsible for maintaining access to and securing management of the private keys or recovery credentials
associated with such self-custodied wallets.
Where a Token acquiror chooses to hold Tokens via custodial accounts (which may include accounts held
with Trading Platforms), such Token acquiror relies on the custodian to manage these technical requirements
on their behalf.
All Token holders are responsible for ensuring that their chosen wallet or custodian supports BEP-20 tokens
on the BSC network. The Issuer assumes no responsibility for providing any wallet software, custody
services or technical support in connection with the holding and transfer of Tokens.
E.30 Other token service provider (CASP) name: Not applicable. There is no CASP appointed or
mandated for placing of the Tokens.
E.31 CASP identifier: Not applicable. There is no CASP appointed or mandated for placing of the Tokens.
E.32 Placement form: Not applicable
E.33 Trading platforms name: The initial Trading Platform is BitPanda GmbH acces

sible at
https://www.bitpanda.com/en. Tokens may also be listed on other Trading Platforms in the future.
E.34 Trading platforms market identifier code (MIC): Not applicable
E.35 Trading platforms access: Access conditions will depend on the Trading Platforms that may list the
Tokens.
E.36 Involved costs: Costs of access to the Trading Platforms for trading of Tokens depend on the Trading
Platform listing the Tokens. Investors should review the prevailing fee structures of the Trading Platforms
before making trading decisions. Furthermore, costs may be incurred for transfers out of the Trading
Platform (i.e. gas costs for blockchain network use that may exceed the value of the crypto-asset itself).
E.37 Offer expenses: Not applicable (as this is not a public offer).
E.38 Conflicts of interest: No conflicts of interest exist in respect of the admission to trading as the Issuer
does not control or have any interest in the Trading Platforms such as Bitpanda GmbH for which admission
for trading is sought.
E.39 Applicable law: The issuance of Tokens is governed by the laws of St. Vincent & the Grenadines.
E.40 Competent court: Courts of St. Vincent & the Grenadines.
F. Information about the Crypto-Assets
F.1 Crypto-asset type: A crypto-asset other than an electronic money token or an asset-referenced token
that does not qualify as a financial instrument or otherwise fall outside the scope of MiCA.

[PDF 13페이지]
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F.2 Crypto-asset functionality: Please refer to D.4 above.
F.3 Planned application of functionalities: The Token functionalities are already in effect.
F.4 Type of crypto-asset white paper: Other crypto-asset token white paper
F.5 Type of submission: New
F.6 Crypto-asset characteristics:
•
Tokens may be utilised as a means of payment for various fees as described at D.4 above, including
Pay-to-See Fees, Pay-to-Follow Fees, Copy Trading Fees and LOT Beacon Fees.
•
Token holders may also utilise their Tokens to unlock access to additional features on the Platform.
•
Token holders may stand to receive discounts on Copy Trading Fees.
•
Tokens may be Staked in order to receive sMP and accordingly, the right to participate in the POS
Pool and cMP to participate in Community Voting.
•
Tokens are distributed as rewards and incentives for Users' active participation on the Platform, as
described at D.4 above.
F.7 Commercial name or trading name: LOT Foundation Limited
F.8 Website of the issuer: https://leagueoftraders.io/
F.9 Starting date of offer to the public or admission to trading: 2026-05-13 (intended)
F.10 Publication date: 20

26-05-06
F.11 Any other services provided by the issuer: Not applicable
F.12 Language or languages of the white paper: English
F.13 Digital token identifier code: Not applicable
F.14 Functionally fungible group digital token identifier: Not applicable
F.15 Voluntary data flag: false
F.16 Personal data flag: true
F.17 LEI eligibility: true
F.18 Home Member State: Germany
F.19 Host Member States: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia,
Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania,
Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden.
G. Information on the rights and obligations attached to the crypto-assets
G.1 Purchaser Rights and Obligations: Purchasers of the Tokens acquire property over the Tokens as an
asset, which includes the bundle of rights under the applicable legal systems (right to use, right to transfer,
etc.). Obligations are determined by the applicable legal system but there are no obligations intrinsic to the
purchase of the Token itself.

[PDF 14페이지]
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G.2 Exercise of Rights and Obligations: Acquirors of Tokens may exercise their rights in respect of their
Tokens by utilising their Tokens in such manner described at F.6 above.
G.3 Conditions for Modifications of Rights and Obligations: The rights and obligations attached to the
Tokens may be modified as a result of an adjustment of the technical infrastructure necessary for the proper
functioning of the Platform, to address declining functionality of the Tokens and all other adverse effects for
Token holders, which may occur at any time.
G.4 Future Public Offers: Not applicable. This White Paper is drafted in connection with admission of
Tokens for trading on Trading Platforms with no offering of Tokens contemplated by the Issuer at the
moment although there is no assurance that the Issuer will not make offers of Tokens in the future.
G.5 Number of Issuer's Retained Crypto-Assets: Not applicable (as this is not a public offer).
G.6 Utility Token Classification: true
G.7 Key Features of Goods and Services of Utility Tokens: Access to the Platform features as described at
D.4 and F.2 above.
G.8 Utility Tokens Redemption: As a means of payment as described at D.4 and F.2 above.
G.9 Non-Trading Request: true
G.10 Purchase or sale modalities: Not applicable. This White Paper is drafted in connection with
admission of Tokens for trading on Trading Platforms.
G.11 Crypto-Assets Transfer Restrictions: No restrictions on transferability are contemplated of T

okens to
be admitted for trading on the Trading Platforms.
G.12 Supply Adjustment Protocols: false
G.13 Supply adjustment mechanisms: Not applicable
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: The issuance of Tokens is governed by the laws of St. Vincent & the Grenadines.
However, the Tokens are not protected by any token value protection schemes or compensation schemes.
G.19 Competent Court: Courts of St. Vincent & the Grenadines. However, the Tokens are not protected by
any token value protection schemes or compensation schemes.
H. Information on the Underlying Technology
H.1 Distributed Ledger Technology: The Tokens are issued on the BNB Smart Chain (BSC), a public,
permissionless EVM-compatible distributed ledger.
H.2 Protocols and Technical Standards: The Tokens are issued on BSC under the BEP-20 token standard,
with the potential for multi-chain support to accommodate future expansion and integration in line with the

[PDF 15페이지]
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Project's strategic objectives.
H.3 Technology Used: See H.1 and H.2 above. The Token contract address is
0xbfe78De7D1c51E0868501D5FA3E88e674C79AcDD.
H.4 Consensus Mechanism: Not applicable. The Project and the Platform do not involve a proprietary
consensus layer in respect of the Tokens. Instead, the Tokens are issued on BSC which uses a Proof-of-
Staked Authority consensus for the Tokens.
H.5 Incentive Mechanisms and Applicable Fees: Transactions involving the Tokens follow the BSC fee
model as detailed at: https://support.bitcoin.com/en/articles/7894845-bnb-fees. The majority of transaction
fees generated on BSC are paid to BSC validators. BSC runs on a Proof-of-Staked Authority consensus
mechanism where validators take turns compiling and proposing transactions for new blocks. A small
portion of transaction fees go to the BSC protocol and are used for actions such as facilitating cross-chain
transactions between the BNB ecosystem of blockchains.
H.6 Use of Distributed Ledger Technology: false
H.7 DLT functionality description:
Not applicable, as BSC is not operated by the Issuer or a third party acting on the Issuer's behalf.
The Tokens are issued on BSC, a public blockchain operated by Binance and its validator network. All
transactions — issuance, transfer, and storage — are recorded on the BSC distributed ledger, ensuring
transparency, immutability, and decentralized verification.
The Issuer does not operate or control the underlying BSC blockchain infrastructure but adopted

BSC for
issuance of Tokens and for recording of transactions involving the Tokens in compliance with BEP-20
standards.
H.8 Audit: true
H.9 Audit Outcome: The token smart contract which issued the Tokens underwent a security audit
conducted by CertiK, a leading blockchain security firm. Audit results are publicly available at:
https://skynet.certik.com/ko/projects/league-of-traders.
I. Information on Risks
I.1 Offer-Related Risks:
(a) Market and liquidity risks: Liquidity is contingent upon trading activity levels on decentralized
exchanges (DEXs) and potentially on centralized exchanges (CEXs), should they be involved. Listing does
not guarantee active market participation or liquidity. Low trading volumes can restrict the buying and
selling capabilities of the Tokens. The Token will likely be subject to high volatility and market speculation.
Price fluctuations could be significant, posing a risk of substantial losses to Token holders.
(b) Counterparty risks: As the admission to trading involves connection to other trading venues,
counterparty risks arise, including but not limited to the risk of trading platforms not operating to the highest
standards, and the risk of the Tokens being delisted from connected trading venues which could affect or
completely halt the ability for the Tokens to be traded.
I.2 Issuer-Related Risks: If the Issuer ceases operations, or the Platform cannot be maintained, the Tokens
may lose their intended utility and become worthless.

[PDF 16페이지]
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I.3 Crypto-Assets-Related Risks:
(a) Market volatility: The market price of the Token may fluctuate significantly due to demand within the
Platform and broader crypto-market conditions. Volatility may result from external economic factors,
regulatory changes, or shifts in investor sentiment. These fluctuations can cause Token prices to drop and
even become worthless within a very short period of time.
(b) Financial stability and operational risks: The Token's value depends on the financial health and
operational capabilities of the Issuer. If the Issuer faces liquidity shortages, funding difficulties, or rising
operational costs, it may impact the Platform's development and service continuity, thereby reducing the
Token's usability and demand.
(c) Limited utility and usability outside the Platform: The Token is intended for use within the Project
ecosystem. While the Tokens will be freely transferable after vesting, their value and demand are directly
tied to Platform adoption and service usage. A decline in User engagement or Platform use coul

d reduce
Token demand. The Token is not redeemable for fiat currency within the Platform, and its usability in
external ecosystems remains limited.
(d) Dependence on blockchain infrastructure: The Token operates on BSC, meaning its functionality is
dependent on the stability, security, and efficiency of the blockchain network. Risks associated with
blockchain infrastructure include network congestion or technical failures, which may impact transaction
speed and increase transaction costs, and potential blockchain forks or protocol changes, which could require
adjustments to the Token's smart contracts. As a blockchain-based asset, the Token is exposed to
cybersecurity risks, including hacking, data breaches, or smart contract vulnerabilities. Despite security
audits, unforeseen vulnerabilities could still pose risks to Token security and functionality.
(e) Jurisdictional restrictions: Regulations regarding crypto-assets vary across different jurisdictions. Some
countries may impose restrictions on the trading, holding, or usage of Tokens. Purchasers must ensure that
they comply with local legal requirements before acquiring or using the Token.
(f) Innovation and market relevance risk: The blockchain and tokenization industry is evolving rapidly.
Emerging technologies, new regulatory frameworks, or competitive solutions may affect the long-term
relevance of the Token. If the Issuer fails to continuously adapt to industry trends, the Token's value and
demand may decline.
I.4 Project Implementation-Related Risks:
(a) Development and deployment risk: The success of the Token depends on the effective and timely
development and maintenance of the Platform. Delays in development, unforeseen technical challenges, or
failure to implement planned features could negatively affect the Platform's ability to deliver services as
intended. If core functionalities are not developed or deployed as planned, the Token's utility may be
diminished.
(b) Scalability and performance risk: As adoption of the Platform increases, scalability and performance
limitations may emerge. High transaction volumes or unexpected demand surges could lead to network
congestion, slower processing times, or degraded Platform performance. These issues could limit the
usability of the Token, affecting user experience and overall market confidence.
(c) Dependence on external partnerships and service providers: The Issuer relies on third-party service
providers and technology partners for critical functions, including blockchain infrastructure, liquidity
provision, and regulatory compliance

services. Failures, security breaches, insolvency, or operational issues
affecting these external providers could disrupt platform services, impacting the utility and availability of the
Token.

[PDF 17페이지]
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(e) Funding risks: The further development and maintenance of the Platform require sufficient financial
resources. The Issuer depends on revenues from Platform services, external funding, and market adoption.
Economic downturns, reduced investor confidence, or unexpected financial challenges could impact the
company's ability to sustain Platform operations and technological advancements. If the Issuer is unable to
secure sufficient funding, it may be forced to scale back Platform development, reducing the Token's long-
term viability.
(f) Technological and integration risk: Integrating blockchain-based infrastructure with existing financial
and legal systems presents technological and compatibility challenges. Changes in blockchain protocols,
security vulnerabilities, or unforeseen technical constraints could delay or restrict platform features, directly
affecting the usability of the Token.
(g) Regulatory compliance for Project implementation: The legal and regulatory landscape for crypto-
assets and blockchain services continues to evolve. New regulatory requirements or changes in interpretation
could impose additional compliance burdens on the Issuer. This may include restrictions on token offerings,
modifications to token-based services, or new licensing requirements. Non-compliance with these
regulations could lead to penalties, service limitations, or operational restrictions, all of which could affect
the functionality and marketability of the Token.
I.5 Technology-Related Risks:
(a) Blockchain and smart contract vulnerability: The Token's smart contracts are susceptible to coding
vulnerabilities, bugs, or security flaws that could be exploited by malicious actors. A breach in the smart
contract could result in unauthorized transactions, token loss, or manipulation of staking mechanisms,
affecting the Token's security and trust among holders. Even though security audits are conducted,
unforeseen vulnerabilities may still pose a risk.
(b) Cybersecurity and data breach risks: As a blockchain-based asset, the Token is exposed to
cybersecurity threats such as hacking, phishing attacks, and data breaches. If attackers compromise the
Project's infrastructure or the wallets of Token holders, this could result in financial losses, operational
disruptions, and reputational damage.
(c) Dependency on underlying blockchain stability and performance: The Token operate

s on BSC
meaning its functionality depends on the stability and efficiency of this network. Risks include network
congestion, which may lead to higher transaction fees or slower confirmation times, technical failures,
blockchain reorgs, or forks, which could impact Token transfers and Staking mechanisms. Reliance on third-
party validators and node operators may also introduce security vulnerabilities or service disruptions.
(d) Wallet and private key risk: Token holders are responsible for the custody of their Tokens in a
compatible cryptographic wallet and for securing their private keys. Loss of a private key means permanent
loss of access to the Tokens, with no possibility of recovery. If a holder connects their wallet to malicious
applications or platforms, they risk unauthorized access to their assets.
(e) Technology obsolescence risk: Blockchain technology is rapidly evolving. If the Platform does not
adapt to new standards, interoperability solutions, or emerging security protocols, the Token's utility and
competitive relevance may diminish over time. New blockchain innovations could introduce more efficient
tokenization models, potentially reducing demand for the Token.
(f) Risk of technical failures and downtime: Technical issues, such as server outages, software bugs, or
API failures, could lead to Platform downtime, transaction delays, or staking errors. If prolonged, such
failures may disrupt user confidence and limit access to the Token's functionality.
(g) Data privacy and compliance risk: The Issuer, being the operator of the Platform, processes User data

[PDF 18페이지]
Page 18 of 20
in compliance with applicable data protection laws.
I.6 Mitigation Measures:
•
Smart contract audit completed by CertiK (https://skynet.certik.com/projects/league-of-traders).
•
Continuous monitoring of security vulnerabilities.
•
Token security managed via Safe multi-sig with regular checks with the internal audit team.
•
Internal three-person cross-check system in place and contingency plan activated in case of
incidents.
Notwithstanding the above, these measures may not be effective in mitigating any of the risks associated
with the technology used (including the risks outlined above in this Part I).
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: See S.1 to S.36 below.
Mandatory Information on Principal Adverse Impacts of the Consensus Mechanism
S.1 Name: Refer to A.

1 above.
S.2 Relevant legal entity identifier: Refer to A.6 above.
S.3 Name of the crypto-asset: Refer to D.2 above.
S.4 Consensus mechanism: Refer to H.4 above.
S.5 Incentive mechanisms and applicable fees: Refer to H.5 above.
S.6 Beginning of period to which disclosed information relates: Not applicable
S.7 End of period to which disclosed information relates: Not applicable
S.8 Energy consumption:
Less than 500,000 kWh per year.
The Tokens are issued on the BSC, which utilises a Proof-of-Staked Authority consensus mechanism,
significantly reducing energy usage compared to traditional Proof-of-Work ("PoW") systems by removing
energy-intensive mining. Validators are selected based on stake and authority, which requires minimal
computational resources. According to publicly available sources, BSC's energy consumption is also
relatively lower than PoW blockchains, contributing to a more sustainable blockchain infrastructure. There is
no publicly accessible data on the consumption of energy for the validation of each transaction on BSC,
which has been described as "negligible" (https://www.adan.eu/en/publication/blockchain-protocols-and-
their-energy-footprint/#BNB and https://www.parisblockchainweek.com/post/pos-pow, last accessed on 21
January 2026).
The Tokens, as fungible digital assets deployed on BSC, benefit from this energy-efficient consensus
mechanism, in support of broader sustainability goals with the view to minimising adverse climate and
environmental effects typically associated with blockchain-based technologies.
S.9 Energy consumption sources and methodologies:

[PDF 19페이지]
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Refer to disclosure in S.8. There is no publicly accessible data on the consumption of energy for the
validation of each transaction on BSC.
The Project and the Platform does not involve a proprietary consensus layer in respect of the Tokens.
Instead, the Tokens are issued on BSC which uses a Proof-of-Staked Authority consensus for the Tokens.
Supplementary Key Indicators
S.10 Renewable energy consumption: Refer to disclosure in S.9.
S.11 Energy intensity: Refer to disclosure in S.9.
S.12 Scope 1 DLT GHG emissions - controlled: Refer to disclosure in S.9.
S.13 Scope 2 DLT GHG emissions - purchased: Refer to disclosure in S.9.
S.14 GHG intensity: Refer to disclosure in S.9.
S.15 Key energy sources and methodologies: Refer to disclosure in S.9.
S.16 Key GHG sources and methodologies: Refer to disclosure in S.9.
Optional Indicators
S.17 Energy mix: Refer to disclosure in S.9.
S.18 Energy use reduction: Refer to disclosure

in S.9.
S.19 Carbon intensity (kgCO2e/kWh): Refer to disclosure in S.9.
S.20 Scope 3 DLT GHG emissions - value chain: Refer to disclosure in S.9.
S.21 GHG emissions reduction targets or commitments: Refer to disclosure in S.9.
S.22 Generation of waste electrical and electronic equipment (WEEE): Refer to disclosure in S.9.
S.23 Non-recycled WEEE ratio: Refer to disclosure in S.9.
S.24 Generation of hazardous waste: Refer to disclosure in S.9.
S.25 Generation of waste (all types): Refer to disclosure in S.9.
S.26 Non-recycled waste ratio (all types): Refer to disclosure in S.9.
S.27 Waste intensity (all types): Refer to disclosure in S.9.
S.28 Waste reduction targets or commitments (all types): Refer to disclosure in S.9.
S.29 Impact of use of equipment on natural resources: Refer to disclosure in S.9.
S.30 Natural resources use reduction targets or commitments: Refer to disclosure in S.9.
S.31 Water use: Refer to disclosure in S.9.
S.32 Non-recycled water ratio: Refer to disclosure in S.9.
S.33 Other energy sources and methodologies: Refer to disclosure in S.9.

[PDF 20페이지]
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S.34 Other GHG sources and methodologies: Refer to disclosure in S.9.
S.35 Waste sources and methodologies: Refer to disclosure in S.9.
S.36 Natural resources sources and methodologies: Refer to disclosure in S.9.

[외부 원문 6]
[URL] https://leagueoftraders.io/ko/download
[제목] 친구가 공유한 포트폴리오 가입 없이 보러가기

[첨부 보고서 원문]
[상세 페이지] https://leagueoftraders.io/ko/download
[PDF 원문] https://leagueoftraders.io/MiCAR_WhitePaper.pdf
[파일명] MiCAR_WhitePaper.pdf
[페이지 수] 20

[PDF 1페이지]
IN ACCORDANCE WITH
TITLE II OF REGULATION (EU) 2023/1114
MiCAR WhitePaper

[PDF 2페이지]
Page 2 of 20
Table of Contents
General Information
Summary
A. Information about the Person Seeking Admission to Trading
A.1 Name
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.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. Information about Issuer (If Different from Offeror or Person Seeking Admission to Trading)
D. Information about Crypto-Asset Project
D.1 Crypto-asset project name
D.2 Crypto-assets name
D.3 Abbreviation
D.4 Crypto-asset project description
D.5 Details of natural or legal persons involved
D.6 Utility Token Classi

fication
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. Information on Offer to Public of Crypto-Assets or their Admission to Trading
E.1 Public Offering or Admission to trading
E.2 Reasons for Public Offer or Admission to Trading
E.6 Oversubscription Acceptance
E.12 Total number of offered or traded crypto-assets
E.13 Targeted holders
E.14 Holder restrictions
E.20 Time-limited offer
E.24 Payment methods
E.27 Transfer of purchased crypto-assets
E.29 Purchaser's technical requirements

[PDF 3페이지]
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E.30 CASP name
E.33 Trading platforms name
E.36 Involved costs
E.38 Conflicts of interest
E.39 Applicable law
E.40 Competent court
F. Information about the Crypto-Assets
F.1 Crypto-asset type
F.2 Crypto-asset functionality
F.3 Planned application of functionalities
F.4 Type of crypto-asset white paper
F.5 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 white paper
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. Information on the rights and obligations attached to the crypto-assets
G.1 Purchaser Rights and Obligations
G.2 Exercise of Rights and Obligations
G.3 Conditions for Modifications of Rights and Obligations
G.4 Future Public Offers
G.5 Number of Issuer's Retained Crypto-Assets
G.6 Utility Token Classification
G.7 Key Features of Goods and Services of Utility Tokens
G.8 Utility Tokens Redemption
G.9 Non-Trading Request
G.11 Crypto-Assets Transfer Restrictions
G.12 Supply Adjustment Protocols
G.14 Token Value Protection Schemes
G.16 Compensation Schemes
G.18 Applicable Law
G.19 Competent Court
H. Information on the Underlying Technology
H.1 Distributed Ledger Technology
H.2 Protocols and Technical Standards
H.3 Technology Used
H.4 Consensus Mechanism

[PDF 4페이지]
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H.5 Incentive Mechanisms and Applicable Fees
H.6 Use of Distributed Ledger Technology
H.8 Audit
H.9 Audit Outcome
I. Information on Risks
I.1 Offer-Related 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
J. Information on the sustainability indicators in relation to adverse impact on the climate a

nd other
environment-related adverse impacts
S.1 to S.7 General information
S.8 Energy consumption
S.9 Energy consumption sources and methodologies
S.10–S.16 Supplementary indicators
S.17–S.36 Optional indicators

[PDF 5페이지]
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General Information
00. Table of contents: true
01. Date of Notification: 2026-05-06
02. Statement in accordance with Article 6(3) of Regulation (EU) 2023/1114:
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.

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):
The crypto-asset referred to in this 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):
The utility token referred to in this white paper may not be exchangeable against the good or service
promised in the crypto-asset 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):
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. The crypto-asset referred to in this white
paper is not covered by the deposit guarantee schemes under Directive 2014/49/EU of the European
Parliament and of the Council.

[PDF 6페이지]
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Summary
07. Warning in accordance with Article 6(7), second subparagraph, of Regulation (EU) 2023/1114:
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 League of Traders tokens ("Tokens") may be utilised as a means of payment for various fees on
the League of Traders platform ("Platform") by the users of the Platform ("Users").
•
Token holders may also utilise their Tokens to unlock access to additional features on the Platform.
•
Token holders may stand to receive discounts on fees for copy trading.
•
Tokens may be locked at a designated address ("Staking") so that the User may stand to receive
rewards and/or incentives in the form of additional Tokens and community voting rights on the
Platform.
•
Tokens are distributed as rewards and incentives for Users' active participation on the Platform.
09. Utility Token Summary: Refer to the disclosure at item 08 above and D.4 below for information on the
goods and services to which the Tokens give access. No restrictions on transferability are contemplated of
the Tokens to be admitted for trading on the Trading Platforms.
10. Key Information About the Offer to the Public or Admission to Trading:
The Tokens are issued on BSC, a public blockchain operated by Binance and its validator network. All
transactions—issuance, transfer, and storage—are recorded on the BNB Smart Chain ("BSC") distributed
ledger, ensuring transparency, immutability, and decentralized verification.
LOT Foundation Limited ("Issuer") does not operate or control the underlying BSC blockchain infrastructure
but adopted BSC for issuance of Tokens and for recording of transactions involving the Tokens in
compliance with BEP-20 standards.

[PDF 7페이지]
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A. Information about the Person Seeking Admission to Trading
A.1 Name: LOT Foundation Limited
A.2 Legal Form: Business Company under the laws of St. Vincent and the Grenadines
A.3 Registered address:
Address: Euro House, Richmond Hill Road, P. O Box 2897, Kingstown, St. Vincent & the Grenadines
Country: Saint Vincent and the Grenadines
Subdivision: Not applicable
A.4 Head office:
Address: Euro House, Richmond Hill Road, P. O Box 2897, Kingstown, St. Vincent & the Grenadines
Country: Saint Vincent and the Grenadines
Subdivision: Not applicable
A.5 Registration Date: 2023-09-20
A.6 Legal entity identifier (LEI): 529900LQW272RBKLIV93
A.7 Another identifier required pursuant to applicable national law: Not ap

plicable
A.9 E-mail address: contact@leagueoftraders.io
A.10 Response Time (Days): 3
A.11 Parent Company: Not applicable
A.12 Members of the Management body:
Name
Business Address
Function
John Ting Li
Euro House, Richmond Hill
Road, P. O Box 2897,
Kingstown, St. Vincent & the
Grenadines
Director
Minkyu Cho
Euro House, Richmond Hill
Road, P. O Box 2897,
Kingstown, St. Vincent & the
Grenadines
Not applicable

A.13 Business Activity: Development and promotion of the Platform (as defined in D.2 below) and issuance
and distribution of Tokens (as defined in D.1 below).
A.14 Parent Company Business Activity: Not applicable
A.15 Newly Established: false
A.16 Financial condition for the past three years: Not applicable, as the Issuer was established on 2023-
09-20 and has therefore not existed for the past three years.

[PDF 8페이지]
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A.17 Financial condition since registration:
The Issuer was established within the past three years and as such, its financial history is limited. The Issuer
has limited direct financial activity to date and no published audited financial statements are available.
To date, the Issuer has raised funds of approximately US$2.11 million, through the issuance of Tokens.
Funds from initial fundraising have supported R&D, blockchain protocol design, team recruitment and
regulatory compliance efforts. Operations and expenses have been limited to setup and development and
related costs. Apart from such costs, no other material liabilities have been recorded. As at 31 December
2025, the Issuer's assets comprising crypto assets amounted to approximately US$400,000.
As the Issuer is in an early-revenue stage and continues to face ongoing development costs, the Issuer's
expenses for the financial year ended 31 December 2025 which were in the region of US$1.52 million
(which related primarily to development and operating costs) exceeded its revenue for the financial year
ended 31 December 2025 which was approximately US$1.25 million.
B. Information about Issuer (If Different from Offeror or Person Seeking
Admission to Trading)
B.1 Issuer Information: false
D. Information about Crypto-Asset Project
D.1 Crypto-asset project name: League of Traders ("Project")
D.2 Crypto-assets name: League of Traders tokens ("Tokens")
D.3 Abbreviation: LOT
D.4 Crypto-asset project description:
The Project seeks to develop and deploy a social digital assets trading platform known as "League of
Traders" ("Platform"), which aims to gamify the trading experience by ranking users of the Platform
("Users") on leaderboards based on their trading performance, as well as promote an open and tra

nsparent
trading community by allowing Users to, amongst others, observe the trading behaviour of other Users and
follow the trading strategies of other Users.
The Platform is contemplated to offer the following key features:
•
(A) Portfolio management: A portfolio tracker for Users to consolidate and manage their portfolios
from multiple exchanges all in one place. The portfolio tracker aggregates data from several
exchanges into one portfolio, linking real-time prices and position data to provide reliable coverage
across exchanges.
•
(B) "Pay-to-See" allows Users to pay a one-off fee in Tokens ("Pay-to-See Fees") to unlock and
view the trading portfolio of other Users on the Platform.
•
(C) "Pay-to-Follow" allows Users to pay a recurring fee in Tokens ("Pay-to-Follow Fees") to
unlock and view the trading portfolio of other Users on the Platform, on a subscription basis to
maintain access to such other Users' portfolio for an extended period of time.
•
(D) "League Points" is a point system whereby Users can participate in prescribed tasks and
missions to earn points known as "League Points". A User may exchange such User's League Points
for Tokens ("League Points Rewards"), on such terms as may be prescribed by the Project.

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•
(E) "Copy Trading" allows Users to follow the trading strategies of other Users ("Copy Leaders")
and place the same trades as, or trades adopting the same strategies as that of, such Copy Leaders.
Users are required to pay a fee associated with such Copy Trading ("Copy Trading Fees").
•
(F) "LOT Beacon" allows Users to directly manage their trading assets and select trading strategies
through a smart contract interface. By supporting both manual and automated execution modes,
Users can apply chosen strategies across centralized (CEX) and decentralized (DEX) exchanges
based on their preferences and risk profile. A key differentiator of LOT Beacon is its support for
decentralized exchanges. This ensures Users retain full custody of their assets while benefiting from
strategy execution without reliance on centralized intermediaries.
Users can select a trading pair (e.g., BTC/USDT) supported by the Platform ("User-Selected Trading Pair")
and a trade signal corresponding to such trading pair ("User-Selected Trade Signal"), and place a trade
(either on a manual or automated basis) for such User-Selected Trading Pair based on such User-Selected
Trade Signal. Where a User elects to trade on a manual basis, a fee denominated in Tokens will have to be
paid by such User in order for such User to receive a trade signal ("Manual Trade Signa

l Fees"). Where a
User elects to trade on an automated basis, automated trades will be initiated via third-party digital asset
execution venues.
D.5 Details of all natural or legal person involved in the implementation of the crypto-asset project:
Type
Name
Business Address
Domicile
Development team
Social Tech LLC
Euro House,
Richmond Hill Road,
P. O Box 2897,
Kingstown, St.
Vincent & the
Grenadines
Saint Vincent and the
Grenadines
Other person involved
in implementation
John Ting Li
Euro House,
Richmond Hill Road,
P. O Box 2897,
Kingstown, St.
Vincent & the
Grenadines
Saint Vincent and the
Grenadines
Advisor
Minkyu Cho
Euro House,
Richmond Hill Road,
P. O Box 2897,
Kingstown, St.
Vincent & the
Grenadines
Saint Vincent and the
Grenadines

D.6 Utility Token Classification: true
D.7 Key Features of Goods/Services for Utility Token Projects:
The Platform is contemplated to offer the following key features:

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•
(A) Portfolio management: A portfolio tracker for Users to consolidate and manage their portfolios
from multiple exchanges all in one place.
•
(B) "Pay-to-See" allows Users to pay a one-off fee in Tokens to unlock and view the trading
portfolio of other Users on the Platform.
•
(C) "Pay-to-Follow" allows Users to pay a recurring fee in Tokens to unlock and view the trading
portfolio of other Users on a subscription basis.
•
(D) "League Points" is a point system whereby Users can participate in prescribed tasks and
missions to earn points exchangeable for Tokens.
•
(E) "Copy Trading" allows Users to follow trading strategies of other Users ("Copy Leaders") and
place the same trades. Users are required to pay a fee associated with such Copy Trading.
•
(F) "LOT Beacon" allows Users to directly manage their trading assets and select trading strategies
through a smart contract interface, supporting both manual and automated execution modes across
CEX and DEX. A key differentiator is its support for decentralized exchanges, ensuring Users retain
full custody of their assets while benefiting from strategy execution without reliance on centralized
intermediaries.
Users can select a trading pair (e.g., BTC/USDT) supported by the Platform and a trade signal corresponding
to such trading pair. Where a User elects to trade on a manual basis, a fee denominated in Tokens will have
to be paid in order to receive a trade signal ("Manual Trade Signal Fees"). Where a User elects to trade on an
automated basis, automated trades will be initiated via third-party digital asset execution

venues.
D.8 Plans for the token:
Past Milestones:
•
Token Staking launched on 20 June 2025
•
Token listing on centralised exchanges such as Kucoin, Gate and MEXC on 20 June 2025
•
Wallet integration on the Platform in the 3rd quarter of 2025
•
Pay-to-See model launched in the 4th quarter of 2025
Future Milestones:
•
Multi-chain integration in the 2nd quarter of 2026
D.9 Resource Allocation: Funds from earlier fundraising have been primarily allocated to Platform
development, security enhancements and regulatory compliance efforts. The remaining funds are to be
allocated for ecosystem growth, user acquisition and operational expansion.
D.10 Planned Use of Collected Funds or Crypto-Assets: See D.9 above.
E. Information on Offer to Public of Crypto-Assets or their Admission to
Trading
E.1 Public Offering or Admission to trading: Admission to trading
E.2 Reasons for Public Offer or Admission to Trading: Admission of Tokens for trading on crypto-assets
trading platforms ("Trading Platforms") including Bitpanda GmbH is sought for additional trading liquidity
for holders of Tokens and prospective acquirors of Tokens.
E.3 Fundraising target: Not applicable (as this is not a public offer).

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E.4 Minimum subscription goals: Not applicable (as this is not a public offer).
E.5 Maximum subscription goals: Not applicable (as this is not a public offer).
E.6 Oversubscription Acceptance: false
E.7 Oversubscription allocation: Not applicable (as this is not a public offer).
E.8 Issue price: Not applicable (as this is not a public offer).
E.9 Official currency / other tokens determining issue price: Not applicable (as this is not a public offer).
E.10 Subscription fee: Not applicable (as this is not a public offer).
E.11 Offer price determination method: Not applicable (as this is not a public offer).
E.12 Total number of offered or traded crypto-assets: The maximum supply of the Tokens that can be
admitted for trading on Trading Platforms is set at a maximum of 1 billion Tokens according to the Issuer's
documentation (https://docs.leagueoftraders.io/token-information, accessed on 15 October 2025).
E.13 Targeted holders: The intended target holders of the Tokens are persons who access and use Trading
Platforms such as Bitpanda Spotlight, including Users of the Platform who require Tokens in connection
with their use of the Platform (and which may include retail users).
E.14 Holder restrictions: No restrictions (as regards the type of holders) are contemplated of Tokens to be
admitted for trading on the Trading Pl

atforms.
E.15 Reimbursement notice: Not applicable (as this is not a public offer).
E.16-E.19 Refund mechanism, timeline, offer phases, discount: Not applicable (as this is not a public
offer).
E.20 Time-limited offer: false
E.21-E.23 Subscription period, safeguarding: Not applicable (as this is not a public offer).
E.24 Payment methods: Not applicable. This Whitepaper is prepared in connection with admission of
Tokens for trading on Trading Platforms instead of offering of Tokens to the public. The methods of
payment available for the Tokens on the Trading Platforms depend on the methods of payments offered by
such Trading Platforms. The Issuer does not prescribe, control or restrict payment methods offered by
Trading Platforms in connection with the purchase of the Tokens.
E.25 Value transfer methods for reimbursement: Not applicable (as this is not a public offer).
E.26 Right of withdrawal: Not applicable (as this is not a public offer).
E.27 Transfer of purchased crypto-assets:
Where Tokens are purchased via a Trading Platform, the purchased Tokens will be credited to the Token
acquiror's designated wallet, provided that such designated wallet is compatible for use with the Trading
Platform.
Settlement of purchases of Tokens occur on-chain and the Issuer does not intermediate or control the process
of transfer of Tokens. The Issuer does not operate or control the underlying BSC blockchain infrastructure as
further described at H.7 below.

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E.28 Transfer time schedule: Not applicable (as this is not a public offer).
E.29 Purchaser's technical requirements:
Tokenholders require a wallet compatible with BSC and capable of receiving BEP-20 tokens in order to
purchase, hold and transfer Tokens.
Where a Token acquiror wishes to hold Tokens via self-custodied wallets, such Token acquiror is solely
responsible for maintaining access to and securing management of the private keys or recovery credentials
associated with such self-custodied wallets.
Where a Token acquiror chooses to hold Tokens via custodial accounts (which may include accounts held
with Trading Platforms), such Token acquiror relies on the custodian to manage these technical requirements
on their behalf.
All Token holders are responsible for ensuring that their chosen wallet or custodian supports BEP-20 tokens
on the BSC network. The Issuer assumes no responsibility for providing any wallet software, custody
services or technical support in connection with the holding and transfer of Tokens.
E.30 Other token service provider (CASP) name: Not ap

plicable. There is no CASP appointed or
mandated for placing of the Tokens.
E.31 CASP identifier: Not applicable. There is no CASP appointed or mandated for placing of the Tokens.
E.32 Placement form: Not applicable
E.33 Trading platforms name: The initial Trading Platform is BitPanda GmbH accessible at
https://www.bitpanda.com/en. Tokens may also be listed on other Trading Platforms in the future.
E.34 Trading platforms market identifier code (MIC): Not applicable
E.35 Trading platforms access: Access conditions will depend on the Trading Platforms that may list the
Tokens.
E.36 Involved costs: Costs of access to the Trading Platforms for trading of Tokens depend on the Trading
Platform listing the Tokens. Investors should review the prevailing fee structures of the Trading Platforms
before making trading decisions. Furthermore, costs may be incurred for transfers out of the Trading
Platform (i.e. gas costs for blockchain network use that may exceed the value of the crypto-asset itself).
E.37 Offer expenses: Not applicable (as this is not a public offer).
E.38 Conflicts of interest: No conflicts of interest exist in respect of the admission to trading as the Issuer
does not control or have any interest in the Trading Platforms such as Bitpanda GmbH for which admission
for trading is sought.
E.39 Applicable law: The issuance of Tokens is governed by the laws of St. Vincent & the Grenadines.
E.40 Competent court: Courts of St. Vincent & the Grenadines.
F. Information about the Crypto-Assets
F.1 Crypto-asset type: A crypto-asset other than an electronic money token or an asset-referenced token
that does not qualify as a financial instrument or otherwise fall outside the scope of MiCA.

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F.2 Crypto-asset functionality: Please refer to D.4 above.
F.3 Planned application of functionalities: The Token functionalities are already in effect.
F.4 Type of crypto-asset white paper: Other crypto-asset token white paper
F.5 Type of submission: New
F.6 Crypto-asset characteristics:
•
Tokens may be utilised as a means of payment for various fees as described at D.4 above, including
Pay-to-See Fees, Pay-to-Follow Fees, Copy Trading Fees and LOT Beacon Fees.
•
Token holders may also utilise their Tokens to unlock access to additional features on the Platform.
•
Token holders may stand to receive discounts on Copy Trading Fees.
•
Tokens may be Staked in order to receive sMP and accordingly, the right to participate in the POS
Pool and cMP to participate in Community Voting.
•
Tokens are distributed as rewards and incentives for Users' active participation on the Plat

form, as
described at D.4 above.
F.7 Commercial name or trading name: LOT Foundation Limited
F.8 Website of the issuer: https://leagueoftraders.io/
F.9 Starting date of offer to the public or admission to trading: 2026-05-13 (intended)
F.10 Publication date: 2026-05-06
F.11 Any other services provided by the issuer: Not applicable
F.12 Language or languages of the white paper: English
F.13 Digital token identifier code: Not applicable
F.14 Functionally fungible group digital token identifier: Not applicable
F.15 Voluntary data flag: false
F.16 Personal data flag: true
F.17 LEI eligibility: true
F.18 Home Member State: Germany
F.19 Host Member States: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia,
Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania,
Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden.
G. Information on the rights and obligations attached to the crypto-assets
G.1 Purchaser Rights and Obligations: Purchasers of the Tokens acquire property over the Tokens as an
asset, which includes the bundle of rights under the applicable legal systems (right to use, right to transfer,
etc.). Obligations are determined by the applicable legal system but there are no obligations intrinsic to the
purchase of the Token itself.

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G.2 Exercise of Rights and Obligations: Acquirors of Tokens may exercise their rights in respect of their
Tokens by utilising their Tokens in such manner described at F.6 above.
G.3 Conditions for Modifications of Rights and Obligations: The rights and obligations attached to the
Tokens may be modified as a result of an adjustment of the technical infrastructure necessary for the proper
functioning of the Platform, to address declining functionality of the Tokens and all other adverse effects for
Token holders, which may occur at any time.
G.4 Future Public Offers: Not applicable. This White Paper is drafted in connection with admission of
Tokens for trading on Trading Platforms with no offering of Tokens contemplated by the Issuer at the
moment although there is no assurance that the Issuer will not make offers of Tokens in the future.
G.5 Number of Issuer's Retained Crypto-Assets: Not applicable (as this is not a public offer).
G.6 Utility Token Classification: true
G.7 Key Features of Goods and Services of Utility Tokens: Access to the Platform features as described at
D.4 and F.2 above.
G.8 Utility Tokens Redemption: As a means of payment as described at D.4 and F.

2 above.
G.9 Non-Trading Request: true
G.10 Purchase or sale modalities: Not applicable. This White Paper is drafted in connection with
admission of Tokens for trading on Trading Platforms.
G.11 Crypto-Assets Transfer Restrictions: No restrictions on transferability are contemplated of Tokens to
be admitted for trading on the Trading Platforms.
G.12 Supply Adjustment Protocols: false
G.13 Supply adjustment mechanisms: Not applicable
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: The issuance of Tokens is governed by the laws of St. Vincent & the Grenadines.
However, the Tokens are not protected by any token value protection schemes or compensation schemes.
G.19 Competent Court: Courts of St. Vincent & the Grenadines. However, the Tokens are not protected by
any token value protection schemes or compensation schemes.
H. Information on the Underlying Technology
H.1 Distributed Ledger Technology: The Tokens are issued on the BNB Smart Chain (BSC), a public,
permissionless EVM-compatible distributed ledger.
H.2 Protocols and Technical Standards: The Tokens are issued on BSC under the BEP-20 token standard,
with the potential for multi-chain support to accommodate future expansion and integration in line with the

[PDF 15페이지]
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Project's strategic objectives.
H.3 Technology Used: See H.1 and H.2 above. The Token contract address is
0xbfe78De7D1c51E0868501D5FA3E88e674C79AcDD.
H.4 Consensus Mechanism: Not applicable. The Project and the Platform do not involve a proprietary
consensus layer in respect of the Tokens. Instead, the Tokens are issued on BSC which uses a Proof-of-
Staked Authority consensus for the Tokens.
H.5 Incentive Mechanisms and Applicable Fees: Transactions involving the Tokens follow the BSC fee
model as detailed at: https://support.bitcoin.com/en/articles/7894845-bnb-fees. The majority of transaction
fees generated on BSC are paid to BSC validators. BSC runs on a Proof-of-Staked Authority consensus
mechanism where validators take turns compiling and proposing transactions for new blocks. A small
portion of transaction fees go to the BSC protocol and are used for actions such as facilitating cross-chain
transactions between the BNB ecosystem of blockchains.
H.6 Use of Distributed Ledger Technology: false
H.7 DLT functionality description:
Not applicable, as BSC is not operated by the Issuer or a third party acting on the Issuer's

behalf.
The Tokens are issued on BSC, a public blockchain operated by Binance and its validator network. All
transactions — issuance, transfer, and storage — are recorded on the BSC distributed ledger, ensuring
transparency, immutability, and decentralized verification.
The Issuer does not operate or control the underlying BSC blockchain infrastructure but adopted BSC for
issuance of Tokens and for recording of transactions involving the Tokens in compliance with BEP-20
standards.
H.8 Audit: true
H.9 Audit Outcome: The token smart contract which issued the Tokens underwent a security audit
conducted by CertiK, a leading blockchain security firm. Audit results are publicly available at:
https://skynet.certik.com/ko/projects/league-of-traders.
I. Information on Risks
I.1 Offer-Related Risks:
(a) Market and liquidity risks: Liquidity is contingent upon trading activity levels on decentralized
exchanges (DEXs) and potentially on centralized exchanges (CEXs), should they be involved. Listing does
not guarantee active market participation or liquidity. Low trading volumes can restrict the buying and
selling capabilities of the Tokens. The Token will likely be subject to high volatility and market speculation.
Price fluctuations could be significant, posing a risk of substantial losses to Token holders.
(b) Counterparty risks: As the admission to trading involves connection to other trading venues,
counterparty risks arise, including but not limited to the risk of trading platforms not operating to the highest
standards, and the risk of the Tokens being delisted from connected trading venues which could affect or
completely halt the ability for the Tokens to be traded.
I.2 Issuer-Related Risks: If the Issuer ceases operations, or the Platform cannot be maintained, the Tokens
may lose their intended utility and become worthless.

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I.3 Crypto-Assets-Related Risks:
(a) Market volatility: The market price of the Token may fluctuate significantly due to demand within the
Platform and broader crypto-market conditions. Volatility may result from external economic factors,
regulatory changes, or shifts in investor sentiment. These fluctuations can cause Token prices to drop and
even become worthless within a very short period of time.
(b) Financial stability and operational risks: The Token's value depends on the financial health and
operational capabilities of the Issuer. If the Issuer faces liquidity shortages, funding difficulties, or rising
operational costs, it may impact the Platform's development and service continuity, thereby redu

cing the
Token's usability and demand.
(c) Limited utility and usability outside the Platform: The Token is intended for use within the Project
ecosystem. While the Tokens will be freely transferable after vesting, their value and demand are directly
tied to Platform adoption and service usage. A decline in User engagement or Platform use could reduce
Token demand. The Token is not redeemable for fiat currency within the Platform, and its usability in
external ecosystems remains limited.
(d) Dependence on blockchain infrastructure: The Token operates on BSC, meaning its functionality is
dependent on the stability, security, and efficiency of the blockchain network. Risks associated with
blockchain infrastructure include network congestion or technical failures, which may impact transaction
speed and increase transaction costs, and potential blockchain forks or protocol changes, which could require
adjustments to the Token's smart contracts. As a blockchain-based asset, the Token is exposed to
cybersecurity risks, including hacking, data breaches, or smart contract vulnerabilities. Despite security
audits, unforeseen vulnerabilities could still pose risks to Token security and functionality.
(e) Jurisdictional restrictions: Regulations regarding crypto-assets vary across different jurisdictions. Some
countries may impose restrictions on the trading, holding, or usage of Tokens. Purchasers must ensure that
they comply with local legal requirements before acquiring or using the Token.
(f) Innovation and market relevance risk: The blockchain and tokenization industry is evolving rapidly.
Emerging technologies, new regulatory frameworks, or competitive solutions may affect the long-term
relevance of the Token. If the Issuer fails to continuously adapt to industry trends, the Token's value and
demand may decline.
I.4 Project Implementation-Related Risks:
(a) Development and deployment risk: The success of the Token depends on the effective and timely
development and maintenance of the Platform. Delays in development, unforeseen technical challenges, or
failure to implement planned features could negatively affect the Platform's ability to deliver services as
intended. If core functionalities are not developed or deployed as planned, the Token's utility may be
diminished.
(b) Scalability and performance risk: As adoption of the Platform increases, scalability and performance
limitations may emerge. High transaction volumes or unexpected demand surges could lead to network
congestion, slower processing times, or degraded Platform per

formance. These issues could limit the
usability of the Token, affecting user experience and overall market confidence.
(c) Dependence on external partnerships and service providers: The Issuer relies on third-party service
providers and technology partners for critical functions, including blockchain infrastructure, liquidity
provision, and regulatory compliance services. Failures, security breaches, insolvency, or operational issues
affecting these external providers could disrupt platform services, impacting the utility and availability of the
Token.

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(e) Funding risks: The further development and maintenance of the Platform require sufficient financial
resources. The Issuer depends on revenues from Platform services, external funding, and market adoption.
Economic downturns, reduced investor confidence, or unexpected financial challenges could impact the
company's ability to sustain Platform operations and technological advancements. If the Issuer is unable to
secure sufficient funding, it may be forced to scale back Platform development, reducing the Token's long-
term viability.
(f) Technological and integration risk: Integrating blockchain-based infrastructure with existing financial
and legal systems presents technological and compatibility challenges. Changes in blockchain protocols,
security vulnerabilities, or unforeseen technical constraints could delay or restrict platform features, directly
affecting the usability of the Token.
(g) Regulatory compliance for Project implementation: The legal and regulatory landscape for crypto-
assets and blockchain services continues to evolve. New regulatory requirements or changes in interpretation
could impose additional compliance burdens on the Issuer. This may include restrictions on token offerings,
modifications to token-based services, or new licensing requirements. Non-compliance with these
regulations could lead to penalties, service limitations, or operational restrictions, all of which could affect
the functionality and marketability of the Token.
I.5 Technology-Related Risks:
(a) Blockchain and smart contract vulnerability: The Token's smart contracts are susceptible to coding
vulnerabilities, bugs, or security flaws that could be exploited by malicious actors. A breach in the smart
contract could result in unauthorized transactions, token loss, or manipulation of staking mechanisms,
affecting the Token's security and trust among holders. Even though security audits are conducted,
unforeseen vulnerabilities may still pose

a risk.
(b) Cybersecurity and data breach risks: As a blockchain-based asset, the Token is exposed to
cybersecurity threats such as hacking, phishing attacks, and data breaches. If attackers compromise the
Project's infrastructure or the wallets of Token holders, this could result in financial losses, operational
disruptions, and reputational damage.
(c) Dependency on underlying blockchain stability and performance: The Token operates on BSC
meaning its functionality depends on the stability and efficiency of this network. Risks include network
congestion, which may lead to higher transaction fees or slower confirmation times, technical failures,
blockchain reorgs, or forks, which could impact Token transfers and Staking mechanisms. Reliance on third-
party validators and node operators may also introduce security vulnerabilities or service disruptions.
(d) Wallet and private key risk: Token holders are responsible for the custody of their Tokens in a
compatible cryptographic wallet and for securing their private keys. Loss of a private key means permanent
loss of access to the Tokens, with no possibility of recovery. If a holder connects their wallet to malicious
applications or platforms, they risk unauthorized access to their assets.
(e) Technology obsolescence risk: Blockchain technology is rapidly evolving. If the Platform does not
adapt to new standards, interoperability solutions, or emerging security protocols, the Token's utility and
competitive relevance may diminish over time. New blockchain innovations could introduce more efficient
tokenization models, potentially reducing demand for the Token.
(f) Risk of technical failures and downtime: Technical issues, such as server outages, software bugs, or
API failures, could lead to Platform downtime, transaction delays, or staking errors. If prolonged, such
failures may disrupt user confidence and limit access to the Token's functionality.
(g) Data privacy and compliance risk: The Issuer, being the operator of the Platform, processes User data

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in compliance with applicable data protection laws.
I.6 Mitigation Measures:
•
Smart contract audit completed by CertiK (https://skynet.certik.com/projects/league-of-traders).
•
Continuous monitoring of security vulnerabilities.
•
Token security managed via Safe multi-sig with regular checks with the internal audit team.
•
Internal three-person cross-check system in place and contingency plan activated in case of
incidents.
Notwithstanding the above, these measures may not be effective in mitigating any of the risks as

sociated
with the technology used (including the risks outlined above in this Part I).
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: See S.1 to S.36 below.
Mandatory Information on Principal Adverse Impacts of the Consensus Mechanism
S.1 Name: Refer to A.1 above.
S.2 Relevant legal entity identifier: Refer to A.6 above.
S.3 Name of the crypto-asset: Refer to D.2 above.
S.4 Consensus mechanism: Refer to H.4 above.
S.5 Incentive mechanisms and applicable fees: Refer to H.5 above.
S.6 Beginning of period to which disclosed information relates: Not applicable
S.7 End of period to which disclosed information relates: Not applicable
S.8 Energy consumption:
Less than 500,000 kWh per year.
The Tokens are issued on the BSC, which utilises a Proof-of-Staked Authority consensus mechanism,
significantly reducing energy usage compared to traditional Proof-of-Work ("PoW") systems by removing
energy-intensive mining. Validators are selected based on stake and authority, which requires minimal
computational resources. According to publicly available sources, BSC's energy consumption is also
relatively lower than PoW blockchains, contributing to a more sustainable blockchain infrastructure. There is
no publicly accessible data on the consumption of energy for the validation of each transaction on BSC,
which has been described as "negligible" (https://www.adan.eu/en/publication/blockchain-protocols-and-
their-energy-footprint/#BNB and https://www.parisblockchainweek.com/post/pos-pow, last accessed on 21
January 2026).
The Tokens, as fungible digital assets deployed on BSC, benefit from this energy-efficient consensus
mechanism, in support of broader sustainability goals with the view to minimising adverse climate and
environmental effects typically associated with blockchain-based technologies.
S.9 Energy consumption sources and methodologies:

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Refer to disclosure in S.8. There is no publicly accessible data on the consumption of energy for the
validation of each transaction on BSC.
The Project and the Platform does not involve a proprietary consensus layer in respect of the Tokens.
Instead, the Tokens are issued on BSC which uses a Proof-of-Staked Authority consensus for the Tokens.
Supplementary Key Indicators
S.10 Renewable energy consumption: Refer to disclosure in S.9.
S.11 Energy intensity: Refer to disclosure

in S.9.
S.12 Scope 1 DLT GHG emissions - controlled: Refer to disclosure in S.9.
S.13 Scope 2 DLT GHG emissions - purchased: Refer to disclosure in S.9.
S.14 GHG intensity: Refer to disclosure in S.9.
S.15 Key energy sources and methodologies: Refer to disclosure in S.9.
S.16 Key GHG sources and methodologies: Refer to disclosure in S.9.
Optional Indicators
S.17 Energy mix: Refer to disclosure in S.9.
S.18 Energy use reduction: Refer to disclosure in S.9.
S.19 Carbon intensity (kgCO2e/kWh): Refer to disclosure in S.9.
S.20 Scope 3 DLT GHG emissions - value chain: Refer to disclosure in S.9.
S.21 GHG emissions reduction targets or commitments: Refer to disclosure in S.9.
S.22 Generation of waste electrical and electronic equipment (WEEE): Refer to disclosure in S.9.
S.23 Non-recycled WEEE ratio: Refer to disclosure in S.9.
S.24 Generation of hazardous waste: Refer to disclosure in S.9.
S.25 Generation of waste (all types): Refer to disclosure in S.9.
S.26 Non-recycled waste ratio (all types): Refer to disclosure in S.9.
S.27 Waste intensity (all types): Refer to disclosure in S.9.
S.28 Waste reduction targets or commitments (all types): Refer to disclosure in S.9.
S.29 Impact of use of equipment on natural resources: Refer to disclosure in S.9.
S.30 Natural resources use reduction targets or commitments: Refer to disclosure in S.9.
S.31 Water use: Refer to disclosure in S.9.
S.32 Non-recycled water ratio: Refer to disclosure in S.9.
S.33 Other energy sources and methodologies: Refer to disclosure in S.9.

[PDF 20페이지]
Page 20 of 20
S.34 Other GHG sources and methodologies: Refer to disclosure in S.9.
S.35 Waste sources and methodologies: Refer to disclosure in S.9.
S.36 Natural resources sources and methodologies: Refer to disclosure in S.9.

===== 통합 원문 2 / 11 =====
[채널] 세상의 (부)족한 것들에 대해서
[게시일시] 2026.10.08 18:01:20
[텔레그램 게시물] https://t.me/runoutof/483545
[원문 수집 기준] 외부 링크가 있으면 링크를 따라 확보한 실제 본문·첨부 파일이 주 분석 원문이다. 텔레그램 게시물은 발견 경로와 보조 설명으로 보존하며 외부 원문과 구분해 반영한다.

[현재 텔레그램 게시물 본문]
경상국립대, 우주항공청 우주 고급인력 양성 본과제 선정

키워드: #정부 #부족

사업단은 '수요기반 위성·우주수송 전략산업 고급인력 양성사업단'이며, 경상국립대 항공우주공학부... 그러나 산업 규모에 비해 석·박사급 전문인력 공급은 부족하다는 것이 사업단의 진단이다. 이번 사업은 정부가...

본문보기
[본문보기] https://www.cnbnews.com/news/articleView.html?idxno=1018754&igsh=i6z5WPG6npM7O4==
[경상국립대, 우주항공청 우주 고급인력 양성 본과제 선정 - CNB뉴스] https://cnbnews.com/news/articleView.html?idxno=1018754&igsh=i6z5WPG6npM7O4==

[외부 원문 1]
[URL] https://www.cnbnews.com/news/articleView.html?idxno=1018754&igsh=i6z5WPG6npM7O4==
[제목] 경상국립대, 우주항공청 우주 고급인력 양성 본과제 선정

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경성대 외국인 유학생, 산청서 K-웰니스·지역문화 체험
BNK부산은행, B-스타트업챌린지 개최…대상에 '아미스트'
경상국립대, 우주항공청 우주 고급인력 양성 본과제 선정
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경상국립대, 우주항공청 우주 고급인력 양성 본과제 선정
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사업 내용 관련 인포그래픽. (사진=경상국립대)
경상국립대는 우주항공청(KASA)의 우주 분야 고급인력 양성사업 본과제에 최종 선정돼 위성·우주수송 분야 현장형 고급인력 양성에 나선다고 밝혔다.
선정된 사업은 우주항공청의 '2026년도 우주기술혁신인재양성(R&D)사업 – 산학협력 연구현장 연계 고급인력 양성'이다. 지역 대학을 중심으로 우주 분야 산학 협의체를 구성하고, 협의체 내 기업이 공통으로 필요로 하는 기술을 연구개발하면서 현장형 고급인력을 양성하는 국가사업이다.
우주항공청은 지난 3월 공고를 거쳐 전국 4개 대학의 사전과제를 지원했다. 이후 3개월간의 사전과제 수행 결과와 본과제 수행계획을 최종평가해 2개 과제만 본과제로 선정했다. 본과제 기간은 2026년 8월부터 2029년 12월까지다. 총사업비는 국비 49억6000만 원과 지자체 대응자금 6억1500만 원을 합쳐 55억7500만 원이다.
사업단은 '수요기반 위성·우주수송 전략산업 고급인력 양성사업단'이며, 경상국립대 항공우주공학부 박재현 교수가 연구책임자를 맡는다. 경상국립대가 주관하고 부산대·제주대가 공동연구기관으로 참여한다. 앵커기업인 한화시스템과 강소기업 켄코아에어로스페이스도 공동연구기관으로 참여해 매칭펀드를 출자한다.
한국산업기술시험원(KTL)은 위탁기관으로 우주환경시험 인프라를 제공하고, 한국우주기술진흥협회는 협의체 운영을 지원한다. 한화시스템과 켄코아에어로스페이스를 포함해 한국항공우주산업(KAI), 대한항공, 한화에어로스페이스, 이노스페이스, 현대로템, 두산에너빌리티 등 총 18개사가 참여한다. 경남도, 진주시, 사천시는 2027년부터 3년간 총 6억1500만 원의 대응자금을 지원하기로 확약했다.
사업단은 사전과제 기간에 경남·부산·제주 소재 우주산업체를 대상으로 기술·인력 수요 조사를 실시해 연구 주제를 확정했다. 조사 결과 지역 기업의 기술 수요는 개별 요소기술에서 시스템 통합·제작·시험·검증 역량으로 확대되고 있는 것으로 나타났다.
이에 따라 사업단은 대학별 강점을 바탕으로 ▲저궤도 위성 운용 핵심 요소기술(경상국립대) ▲우주수송 시스템 추진체 기술(부산대) ▲군집 분산형 위성통신 및 집적회로 기술(제주대) 등 3개 연구그룹을 운영한다. 위성체 설계·조립·시험(AIT), 공중발사체·회전데토네이션엔진·전기추진, 저궤도 군집위성 통신망 운용과 위성통신 페이로드용 광대역 ADC 등 국가 우주개발 로드맵과 직결되는 기술을 다룬다.
교육과정은 기초이론-실험·실습-심화설계-산학공동 프로젝트-현장실습으로 이어지는 단계형 트랙으로 구성된다. KTL 우주부품시험센터와 참여기업의 설계·제작·시험 인프라를 활용한 현장형 실습교육을 의무화한다. 방학 중 집중이수제, 국립대 학점 교류, 산업체 전문가 공동강의도 함께 운영한다.
사업단은 매년 45명 이상의 인력양성 수혜 인원을 배출하고, 지역 우주항공기업 취업률 60%, SCI(E) 논문의 Q2 이상 학술지 게재 비율 60% 등을 핵심 성과목표로 설정했다. 협의체는 월 1회 실무 분과회의와 분기별 전체 회의를 연다. 연 2회 성과공유회와 연 1회 채용박람회를 통해 연구 성과가 교육과 채용으로 이어지도록 한다.
경남은 전국 우주항공 산업 생산액의 68%, 사업체의 63%, 종사자의 72.5%를 차지하는 집적지다. 그러나 산업 규모에 비해 석·박사급 전문인력 공급은 부족하다는 것이 사업단의 진단이다.
이번 사업은 정부가 지정한 우주산업 클러스터 삼각 체제 중 경남 위성특화지구를 중심으로 한다. 지난 7월 발표된 '남해안 우주항공 산업벨트' 구상, 8월 경남·부산 지자체와 대학, 한화 계열사가 체결한 '동남권 지역인재 양성 및 채용연계 업무협약'과도 맞닿아 있다.
경상국립대는 2022년부터 미래우주교육센터를 운영하며 전문인력 57명을 배출하고 취업률 94.7%를 기록했다. 이번 사업으로 위성체에서 우주수송, 위성통신까지 우주산업 전 주기를 아우르는 인재양성 체계를 갖춘다.
연구책임자 박재현 교수는 "기업이 실제로 필요로 하는 기술을 대학원생이 직접 연구하고, 지역 기업의 시험·제작 현장에서 검증하며, 그 기업에 취업하는 선순환 구조를 만드는 것이 이 사업의 목표"라며 "경남·부산·제주의 대학과 기업이 하나의 협의체로 움직이는 만큼, 남해안 우주항공 산업벨트를 뒷받침할 지역 정착형 인재를 지속적으로 배출하겠다"고 말했다.
이번 사업에는 경상국립대를 비롯해 부산대와 제주대, 18개 기업 등이 참여해 연구와 교육을 함께 진행한다. 대학별 연구그룹은 위성 운용과 우주수송, 위성통신 등 분야별 기술을 연구하고 산업 현장 적용을 추진한다. 학생들은 기업과 연구기관의 인프라를 활용한 실습과 산학공동 프로젝트에도 참여한다. 사업단은 연구 결과가 현장실습과 취업으로 연결될 수 있도록 기업과의 협력을

확대할 예정이다.
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[외부 원문 2]
[URL] https://www.cnbnews.com/news/articleView.html?idxno=1018754&igsh=i6z5WPG6npM7O4==
[제목] 경상국립대, 우주항공청 우주 고급인력 양성 본과제 선정 - CNB뉴스

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경성대 외국인 유학생, 산청서 K-웰니스·지역문화 체험
BNK부산은행, B-스타트업챌린지 개최…대상에 '아미스트'
경상국립대, 우주항공청 우주 고급인력 양성 본과제 선정
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경상국립대, 우주항공청 우주 고급인력 양성 본과제 선정
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기사의 본문 내용은 이 글자크기로 변경됩니다.
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사업 내용 관련 인포그래픽. (사진=경상국립대)
경상국립대는 우주항공청(KASA)의 우주 분야 고급인력 양성사업 본과제에 최종 선정돼 위성·우주수송 분야 현장형 고급인력 양성에 나선다고 밝혔다.
선정된 사업은 우주항공청의 '2026년도 우주기술혁신인재양성(R&D)사업 – 산학협력 연구현장 연계 고급인력 양성'이다. 지역 대학을 중심으로 우주 분야 산학 협의체를 구성하고, 협의체 내 기업이 공통으로 필요로 하는 기술을 연구개발하면서 현장형 고급인력을 양성하는 국가사업이다.
우주항공청은 지난 3월 공고를 거쳐 전국 4개 대학의 사전과제를 지원했다. 이후 3개월간의 사전과제 수행 결과와 본과제 수행계획을 최종평가해 2개 과제만 본과제로 선정했다. 본과제 기간은 2026년 8월부터 2029년 12월까지다. 총사업비는 국비 49억6000만 원과 지자체 대응자금 6억1500만 원을 합쳐 55억7500만 원이다.
사업단은 '수요기반 위성·우주수송 전략산업 고급인력 양성사업단'이며, 경상국립대 항공우주공학부 박재현 교수가 연구책임자를 맡는다. 경상국립대가 주관하고 부산대·제주대가 공동연구기관으로 참여한다. 앵커기업인 한화시스템과 강소기업 켄코아에어로스페이스도 공동연구기관으로 참여해 매칭펀드를 출자한다.
한국산업기술시험원(KTL)은 위탁기관으로 우주환경시험 인프라를 제공하고, 한국우주기술진흥협회는 협의체 운영을 지원한다. 한화시스템과 켄코아에어로스페이스를 포함해 한국항공우주산업(KAI), 대한항공, 한화에어로스페이스, 이노스페이스, 현대로템, 두산에너빌리티 등 총 18개사가 참여한다. 경남도, 진주시, 사천시는 2027년부터 3년간 총 6억1500만 원의 대응자금을 지원하기로 확약했다.
사업단은 사전과제 기간에 경남·부산·제주 소재 우주산업체를 대상으로 기술·인력 수요 조사를 실시해 연구 주제를 확정했다. 조사 결과 지역 기업의 기술 수요는 개별 요소기술에서 시스템 통합·제작·시험·검증 역량으로 확대되고 있는 것으로 나타났다.
이에 따라 사업단은 대학별 강점을 바탕으로 ▲저궤도 위성 운용 핵심 요소기술(경상국립대) ▲우주수송 시스템 추진체 기술(부산대) ▲군집 분산형 위성통신 및 집적회로 기술(제주대) 등 3개 연구그룹을 운영한다. 위성체 설계·조립·시험(AIT), 공중발사체·회전데토네이션엔진·전기추진, 저궤도 군집위성 통신망 운용과 위성통신 페이로드용 광대역 ADC 등 국가 우주개발 로드맵과 직결되는 기술을 다룬다.
교육과정은 기초이론-실험·실습-심화설계-산학공동 프로젝트-현장실습으로 이어지는 단계형 트랙으로 구성된다. KTL 우주부품시험센터와 참여기업의 설계·제작·시험 인프라를 활용한 현장형 실습교육을 의무화한다. 방학 중 집중이수제, 국립대 학점 교류, 산업체 전문가 공동강의도 함께 운영한다.
사업단은 매년 45명 이상의 인력양성 수혜 인원을 배출하고, 지역 우주항공기업 취업률 60%, SCI(E) 논문의 Q2 이상 학술지 게재 비율 60% 등을 핵심 성과목표로 설정했다. 협의체는 월 1회 실무 분과회의와 분기별 전체 회의를 연다. 연 2회 성과공유회와 연 1회 채용박람회를 통해 연구 성과가 교육과 채용으로

이어지도록 한다.
경남은 전국 우주항공 산업 생산액의 68%, 사업체의 63%, 종사자의 72.5%를 차지하는 집적지다. 그러나 산업 규모에 비해 석·박사급 전문인력 공급은 부족하다는 것이 사업단의 진단이다.
이번 사업은 정부가 지정한 우주산업 클러스터 삼각 체제 중 경남 위성특화지구를 중심으로 한다. 지난 7월 발표된 '남해안 우주항공 산업벨트' 구상, 8월 경남·부산 지자체와 대학, 한화 계열사가 체결한 '동남권 지역인재 양성 및 채용연계 업무협약'과도 맞닿아 있다.
경상국립대는 2022년부터 미래우주교육센터를 운영하며 전문인력 57명을 배출하고 취업률 94.7%를 기록했다. 이번 사업으로 위성체에서 우주수송, 위성통신까지 우주산업 전 주기를 아우르는 인재양성 체계를 갖춘다.
연구책임자 박재현 교수는 "기업이 실제로 필요로 하는 기술을 대학원생이 직접 연구하고, 지역 기업의 시험·제작 현장에서 검증하며, 그 기업에 취업하는 선순환 구조를 만드는 것이 이 사업의 목표"라며 "경남·부산·제주의 대학과 기업이 하나의 협의체로 움직이는 만큼, 남해안 우주항공 산업벨트를 뒷받침할 지역 정착형 인재를 지속적으로 배출하겠다"고 말했다.
이번 사업에는 경상국립대를 비롯해 부산대와 제주대, 18개 기업 등이 참여해 연구와 교육을 함께 진행한다. 대학별 연구그룹은 위성 운용과 우주수송, 위성통신 등 분야별 기술을 연구하고 산업 현장 적용을 추진한다. 학생들은 기업과 연구기관의 인프라를 활용한 실습과 산학공동 프로젝트에도 참여한다. 사업단은 연구 결과가 현장실습과 취업으로 연결될 수 있도록 기업과의 협력을 확대할 예정이다.
심광혜 기자 khsimmm@gmail.com
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===== 통합 원문 3 / 11 =====
[채널] 세상의 (부)족한 것들에 대해서
[게시일시] 2026.10.08 18:01:21
[텔레그램 게시물] https://t.me/runoutof/483546
[원문 수집 기준] 외부 링크가 있으면 링크를 따라 확보한 실제 본문·첨부 파일이 주 분석 원문이다. 텔레그램 게시물은 발견 경로와 보조 설명으로 보존하며 외부 원문과 구분해 반영한다.

[현재 텔레그램 게시물 본문]
법률구조 사건 25% 늘었는데 변호사는 10% 감소…1인당 연간 1,000건 육박

키워드: #급증

4% 급증했다. 임금체불과 양육비 미지급 등 생계와 직결된 법률 분쟁이 늘면서 공공 법률지원의 중요성이 커지고 있지만, 이를 담당할 전문인력 확보는 수요 증가 속도를 따라가지 못하는 실정이다....

본문보기
[본문보기] https://n.news.naver.com/mnews/article/031/0001064639?sid=102&igsh=8NvHaYj0UzuDsW==
[법률구조 사건 25% 늘었는데 변호사는 10% 감소…1인당 연간 1,000건 육박] https://n.news.naver.com/mnews/article/031/0001064639?igsh=8NvHaYj0UzuDsW==&sid=102

[외부 원문 1]
[URL] https://n.news.naver.com/mnews/article/031/0001064639?sid=102&igsh=8NvHaYj0UzuDsW==
[제목] 법률구조 사건 25% 늘었는데 변호사는 10% 감소…1인당 연간 1,000건 육박

대한법률구조공단 사건 13만3,547건…임금체불·한부모가족 법률지원 수요 급증
손솔 의원 "변호사 이탈 막을 처우 개선·정규직 전환 등 근본 대책 마련해야" 대한법률구조공단의 법률구조 사건이 최근 3년간 25% 이상 증가한 반면 소속 변호사는 오히려 감소하면서 1인당 연간 사건 처리 부담이 1,000건에 육박하는 것으로 나타났다.
8일 국회 법제사법위원회 소속 진보당 손솔 국회의원이 법무부로부터 제출받은 자료를 분석한 결과 대한법률구조공단의 법률구조 사건은 2022년 10만6,593건에서 2025년 13만3,547건으로 25.3% 증가했다. 같은 기간 소속 변호사 현원은 130명에서 117명으로

10% 감소했다.
연도별 법률구조 사건은 2022년 10만6,593건, 2023년 11만1,568건, 2024년 12만950건, 2025년 13만3,547건으로 매년 증가했다. 3년 사이 2만6,954건이 늘어난 규모다.
특히 임금체불 노동자와 한부모가족 등 경제적·사회적 취약계층의 법률지원 수요가 크게 증가한 것으로 확인됐다.
체불임금 근로자에 대한 법률구조 실적은 2022년 4만3,078건에서 2025년 5만9,534건으로 38.2% 증가했다. 한부모가족의 양육·인지 관련 법률지원 역시 같은 기간 4,879건에서 9,387건으로 92.4% 급증했다.
임금체불과 양육비 미지급 등 생계와 직결된 법률 분쟁이 늘면서 공공 법률지원의 중요성이 커지고 있지만, 이를 담당할 전문인력 확보는 수요 증가 속도를 따라가지 못하는 실정이다.
대한법률구조공단 소속 변호사 현원은 2022년 130명에서 2025년 117명으로 13명 감소했다. 2026년 6월 기준으로도 118명에 그쳤다.
반면 변호사 정원은 2022년 146명에서 2026년 6월 149명으로 늘었다. 올해 6월 기준 정원 대비 결원은 31명에 달했다.
인력 부족에 따른 사건 부담도 가중되고 있다.
공익법무관을 포함한 소송 수행 인력의 1인당 연간 법률구조 사건 수는 2022년 730.1건에서 2023년 764.2건, 2024년 845.8건, 2025년 996.6건으로 증가했다.
3년 사이 36.5% 늘어난 것으로, 소송 수행 인력 1명이 연간 평균 약 997건의 사건을 담당하는 셈이다.
기존 변호사의 이탈과 신규 채용자의 임용 포기도 인력난을 심화시키는 요인으로 지목됐다.
진보당 손솔 국회의원 [사진=손솔 의원실]
2017년부터 2026년 7월까지 대한법률구조공단을 퇴사한 소속 변호사는 총 94명으로 집계됐다.
2017년부터 2019년까지는 연간 퇴사자가 10명 미만이었으나 2020년 이후 퇴사 규모가 확대됐다.
특히 2024년에는 21명, 2025년에는 14명이 공단을 떠났으며, 올해도 7월까지 6명이 퇴사했다.
같은 기간 채용에 합격하고도 임용을 포기한 인원은 총 66명에 달했다.
기존 인력의 이탈이 이어지는 상황에서 신규 인력 확보에도 어려움을 겪으면서 법률구조 서비스의 안정성과 지속성을 확보하기 위한 대책이 필요하다는 지적이 나온다.
또 법률구조 사건 상당수가 임금체불과 양육비 등 국민의 생계와 밀접한 사안인 만큼 인력 부족이 장기화할 경우 법률지원 지연과 서비스 질 저하로 이어질 수 있다는 우려도 제기된다.
손 의원은 "밀린 임금을 받으려는 노동자, 양육비를 받지 못한 한부모, 빚으로 일상이 무너진 시민에게 법률구조공단은 절실한 버팀목"이라며 "도움이 필요한 사건은 늘어나는데 담당 변호사는 줄고, 남은 인력의 부담이 커지는 상황을 방치해서는 안 된다"고 지적했다.
이어 "새로 채용해도 변호사가 계속 떠난다면 인력 부족은 반복될 수밖에 없다"며 "법무부와 공단은 인력 충원과 함께 라급 변호사의 처우 개선, 임기제 변호사의 정규직 전환 등 장기근속이 가능한 근무 여건을 마련해야 한다"고 강조했다.
그러면서 "인력 이탈을 막고 숙련된 변호사가 현장을 지킬 수 있도록 하는 것이 국민의 법률구조 공백을 막는 길"이라고 덧붙였다.

[외부 원문 2]
[URL] https://n.news.naver.com/mnews/article/031/0001064639?igsh=8NvHaYj0UzuDsW==&sid=102
[제목] 법률구조 사건 25% 늘었는데 변호사는 10% 감소…1인당 연간 1,000건 육박

대한법률구조공단 사건 13만3,547건…임금체불·한부모가족 법률지원 수요 급증
손솔 의원 "변호사 이탈 막을 처우 개선·정규직 전환 등 근본 대책 마련해야" 대한법률구조공단의 법률구조 사건이 최근 3년간 25% 이상 증가한 반면 소속 변호사는 오히려 감소하면서 1인당 연간 사건 처리 부담이 1,000건에 육박하는 것으로 나타났다.
8일 국회 법제사법위원회 소속 진보당 손솔 국회의원이 법무부로부터 제출받은 자료를 분석한 결과 대한법률구조공단의 법률구조 사건은 2022년 10만6,593건에서 2025년 13만3,547건으로 25.3% 증가했다. 같은 기간 소속 변호사 현원은 130명에서 117명으로 10% 감소했다.
연도별 법률구조 사건은 2022년 10만6,593건, 2023년 11만1,568건, 2024년 12만950건, 2025년 13만3,547건으로 매년 증가했다. 3년 사이 2만6,954건이 늘어난 규모다.
특히 임금체불 노동자와 한부모가족 등 경제적·사회적 취약계층의 법률지원 수요가 크게 증가한 것으로 확인됐다.
체불임금 근로자에 대한 법률구조 실적은 2022년 4만3,078건에서 2025년 5만9,534건으로 38.2% 증가했다. 한부모가족의 양육·인지 관련 법률지원 역시 같은 기간 4,879건에서 9,387건으로 92.4% 급증했다.
임금체불과 양육비 미지급 등 생계와 직결된 법률 분쟁이 늘면서 공공 법률지원의 중요성이 커지고 있지만, 이를 담당할 전문인력 확보는 수요 증가 속도를 따라가지 못하는 실정이다.
대한법률구조공단 소속 변호사 현원은 2022년 130명에서 2025년 117명으로

13명 감소했다. 2026년 6월 기준으로도 118명에 그쳤다.
반면 변호사 정원은 2022년 146명에서 2026년 6월 149명으로 늘었다. 올해 6월 기준 정원 대비 결원은 31명에 달했다.
인력 부족에 따른 사건 부담도 가중되고 있다.
공익법무관을 포함한 소송 수행 인력의 1인당 연간 법률구조 사건 수는 2022년 730.1건에서 2023년 764.2건, 2024년 845.8건, 2025년 996.6건으로 증가했다.
3년 사이 36.5% 늘어난 것으로, 소송 수행 인력 1명이 연간 평균 약 997건의 사건을 담당하는 셈이다.
기존 변호사의 이탈과 신규 채용자의 임용 포기도 인력난을 심화시키는 요인으로 지목됐다.
진보당 손솔 국회의원 [사진=손솔 의원실]
2017년부터 2026년 7월까지 대한법률구조공단을 퇴사한 소속 변호사는 총 94명으로 집계됐다.
2017년부터 2019년까지는 연간 퇴사자가 10명 미만이었으나 2020년 이후 퇴사 규모가 확대됐다.
특히 2024년에는 21명, 2025년에는 14명이 공단을 떠났으며, 올해도 7월까지 6명이 퇴사했다.
같은 기간 채용에 합격하고도 임용을 포기한 인원은 총 66명에 달했다.
기존 인력의 이탈이 이어지는 상황에서 신규 인력 확보에도 어려움을 겪으면서 법률구조 서비스의 안정성과 지속성을 확보하기 위한 대책이 필요하다는 지적이 나온다.
또 법률구조 사건 상당수가 임금체불과 양육비 등 국민의 생계와 밀접한 사안인 만큼 인력 부족이 장기화할 경우 법률지원 지연과 서비스 질 저하로 이어질 수 있다는 우려도 제기된다.
손 의원은 "밀린 임금을 받으려는 노동자, 양육비를 받지 못한 한부모, 빚으로 일상이 무너진 시민에게 법률구조공단은 절실한 버팀목"이라며 "도움이 필요한 사건은 늘어나는데 담당 변호사는 줄고, 남은 인력의 부담이 커지는 상황을 방치해서는 안 된다"고 지적했다.
이어 "새로 채용해도 변호사가 계속 떠난다면 인력 부족은 반복될 수밖에 없다"며 "법무부와 공단은 인력 충원과 함께 라급 변호사의 처우 개선, 임기제 변호사의 정규직 전환 등 장기근속이 가능한 근무 여건을 마련해야 한다"고 강조했다.
그러면서 "인력 이탈을 막고 숙련된 변호사가 현장을 지킬 수 있도록 하는 것이 국민의 법률구조 공백을 막는 길"이라고 덧붙였다.

===== 통합 원문 4 / 11 =====
[채널] Pluto Research
[게시일시] 2026.10.08 18:02:45
[텔레그램 게시물] https://t.me/hedgehara/48106
[원문 수집 기준] 외부 링크가 있으면 링크를 따라 확보한 실제 본문·첨부 파일이 주 분석 원문이다. 텔레그램 게시물은 발견 경로와 보조 설명으로 보존하며 외부 원문과 구분해 반영한다.

[현재 텔레그램 게시물 본문]
투자 관련 공부를 해보셨으면 케인즈의 미인대회찾기 라는 말을 들어보셨을건데

이게 그 대회에서 최고의 미인으로 뽑힐 여자를 찾으면 돈을 받는다 뭐 그런거임.

케인즈는 주식시장을 미인대회 찾는 게임이라고 보았고

실제로 주도주 분석에 관해서는 맞는 말.

대회 참가자 = 종목
최고의 미인 = 주도주

주도주를 뽑으면 돈을 받을 수 있다.

===== 통합 원문 5 / 11 =====
[채널] 하나 중국/신흥국 전략 김경환
[게시일시] 2026.10.08 18:03:45
[텔레그램 게시물] https://t.me/HANAchina/70074
[원문 수집 기준] 외부 링크가 있으면 링크를 따라 확보한 실제 본문·첨부 파일이 주 분석 원문이다. 텔레그램 게시물은 발견 경로와 보조 설명으로 보존하며 외부 원문과 구분해 반영한다.

[현재 텔레그램 게시물 본문]
>>Citi: 삼성전자 3분기 영업이익 예상치 상회, 반도체 사업 회복세 강력

•삼성전자 3분기 잠정 영업이익은 107.4조원으로 전분기 대비 20%, 전년비 782% 급증함.

•Citi는 실적 급증의 핵심 동력이 반도체 사업의 강력한 회복이며. 이는 불리한 환율과 성과급 지출, 모바일 부문의 손실을 충분히 상쇄할 수 있는것

•HBM4 출하 확대와 ASP의 큰 폭 상승에 따라 Citi는 삼성전자의 2027년 이익 탄력성을 긍정적으로 보고 있으며, 매수 의견을 유지

>花旗：三星Q3营业利润超预期，半导体业务复苏势头强劲 https://wallstreetcn.com/articles/3783178#from=ios

[외부 원문 1]
[URL] https://wallstreetcn.com/articles/3783178#from=ios
[제목] 花旗：三星Q3营业利润超预期，半导体业务复苏势头强劲 - 华尔街见闻

三星电子第三季度初步营业利润达107.4万亿韩元，环比增20%、同比暴增782%。花旗表示，业绩爆发核心驱动力在于半导体业务的强劲复苏，足以抵消不利汇率与奖金支出及移动部门的亏损。随着HBM4放量及ASP大幅提升，花旗看好其2027年盈利弹性，维持买入评级。
三星电子第三季度业绩大幅超出预期，存储芯片业务强劲复苏成为核心驱动力，花旗维持买入评级并看好公司中长期前景。
三星电子公布2026年第三季度初步营业利润为107.4万亿韩元，环比增长20%，同比大幅增长782%。据追风交易台消息，花旗分析师Peter Lee及Jayden Oh在研究报告中指出， 这一表现超出市场预期，尽管当季面临不利汇率因素及约10万亿韩元的额外奖金支出冲击，强劲的存储芯片盈利仍足以

抵消上述负面影响。
花旗维持对三星电子的买入评级，12个月目标价为43万韩元，较10月7日收盘价26.85万韩元隐含约60%的股价上涨空间，加上3.7%的预期股息收益率，预期总回报达63.8%。
半导体业务独撑大局，其他部门表现分化
花旗预计，三星第三季度各业务部门营业利润分布高度集中于半导体板块。其中，半导体部门营业利润预计达107.0万亿韩元，较第二季度的89.2万亿韩元显著提升，成为整体业绩的绝对支柱。
其他部门表现则明显分化。显示面板部门预计录得1.1万亿韩元营业利润，Harman部门贡献约0.5万亿韩元。移动业务及消费电子部门则均录得约0.6万亿韩元的营业亏损。
值得注意的是，移动业务亏损幅度较上季度略有收窄，但三季度智能手机出货量环比下滑9%至5800万部，中低端产品销售疲软在一定程度上抵消了高端产品的销售改善。
三季度财报电话会议三大关注焦点
花旗指出，三星将于10月29日召开第三季度业绩说明会，届时市场将重点关注三大议题。
首先是2027年全球存储芯片供需前景的最新研判；其次是存储芯片长期供应协议（LTA）的进展情况；第三是公司股东回报政策的进一步细节。 上述信息将对市场评估三星未来盈利轨迹及资本配置方向产生直接影响。
HBM4放量在即，2027年盈利弹性可期
展望2027年，花旗认为三星在人工智能驱动的存储需求浪潮中具备显著的结构性优势。凭借在DRAM及NAND领域的领先产能，三星有望持续受益于服务器DRAM及企业级固态硬盘（eSSD）需求的增长。
在高带宽存储器（HBM）定价方面，花旗预计HBM4 12hi的每GB均价将从2026年约2美元大幅攀升至2027年的4至5美元区间，同比涨幅达100%至150%；HBM4 8hi的定价则预计在12hi基础上享有20%至30%的溢价。花旗认为，这一定价趋势将为三星带来实质性的产品均价（ASP）提升和利润率扩张空间。
~~~~~~~~~~~~~~~~~~~~~~~~
以上精彩内容来自 追风交易台 。
更详细的解读，包括实时解读、一线研究等内容，请加入【 追风交易台▪年度会员 】

[외부 원문 2]
[URL] https://wallstreetcn.com/articles/3783178
[제목] 花旗：三星Q3营业利润超预期，半导体业务复苏势头强劲 - 华尔街见闻

三星电子第三季度初步营业利润达107.4万亿韩元，环比增20%、同比暴增782%。花旗表示，业绩爆发核心驱动力在于半导体业务的强劲复苏，足以抵消不利汇率与奖金支出及移动部门的亏损。随着HBM4放量及ASP大幅提升，花旗看好其2027年盈利弹性，维持买入评级。
三星电子第三季度业绩大幅超出预期，存储芯片业务强劲复苏成为核心驱动力，花旗维持买入评级并看好公司中长期前景。
三星电子公布2026年第三季度初步营业利润为107.4万亿韩元，环比增长20%，同比大幅增长782%。据追风交易台消息，花旗分析师Peter Lee及Jayden Oh在研究报告中指出， 这一表现超出市场预期，尽管当季面临不利汇率因素及约10万亿韩元的额外奖金支出冲击，强劲的存储芯片盈利仍足以抵消上述负面影响。
花旗维持对三星电子的买入评级，12个月目标价为43万韩元，较10月7日收盘价26.85万韩元隐含约60%的股价上涨空间，加上3.7%的预期股息收益率，预期总回报达63.8%。
半导体业务独撑大局，其他部门表现分化
花旗预计，三星第三季度各业务部门营业利润分布高度集中于半导体板块。其中，半导体部门营业利润预计达107.0万亿韩元，较第二季度的89.2万亿韩元显著提升，成为整体业绩的绝对支柱。
其他部门表现则明显分化。显示面板部门预计录得1.1万亿韩元营业利润，Harman部门贡献约0.5万亿韩元。移动业务及消费电子部门则均录得约0.6万亿韩元的营业亏损。
值得注意的是，移动业务亏损幅度较上季度略有收窄，但三季度智能手机出货量环比下滑9%至5800万部，中低端产品销售疲软在一定程度上抵消了高端产品的销售改善。
三季度财报电话会议三大关注焦点
花旗指出，三星将于10月29日召开第三季度业绩说明会，届时市场将重点关注三大议题。
首先是2027年全球存储芯片供需前景的最新研判；其次是存储芯片长期供应协议（LTA）的进展情况；第三是公司股东回报政策的进一步细节。 上述信息将对市场评估三星未来盈利轨迹及资本配置方向产生直接影响。
HBM4放量在即，2027年盈利弹性可期
展望2027年，花旗认为三星在人工智能驱动的存储需求浪潮中具备显著的结构性优势。凭借在DRAM及NAND领域的领先产能，三星有望持续受益于服务器DRAM及企业级固态硬盘（eSSD）需求的增长。
在高带宽存储器（HBM）定价方面，花旗预计HBM4 12hi的每GB均价将从2026年约2美元大幅攀升至2027年的4至5美元区间，同比涨幅达100%至150%；HBM4 8hi的定价则预计在12hi基础上享有20%至30%的溢价。花旗认为，这一定价趋势将为三星带来实质性的产品均价（ASP）提升和利润率扩张空间。
~~~~~~~~~~~~~~~~~~~~~~~~
以上精彩内容来自 追风交易台 。
更详细的解读，包括实时解读、一线研究等内容，请加入【 追风交易台▪年度会员 】

===== 통합 원문 7 / 11 =====
[채널] 세상의 (부)족한 것들에 대해서
[게시일시] 2026.10.08 18:05:04
[텔레그램 게시물] https://t.me/runoutof/483547
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'동원터미널 사태' 해결 위해 해수부 직접 나선다

키워드: #셧다운

지난 7월 발생한 부산신항 동원터미널(DGT) 셧다운 사태가 3개월째 이어지고 있는 가운데, 해양수

산부가 사태... 8일 관련업계에 따르면, 오는 15일 부산지방해양수산청에서 부산신항 동원터미널(DGT) 셧다운 사태 해결을...

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['동원터미널 사태' 해결 위해 해수부 직접 나선다 - 데일리로그] http://dailylog.co.kr/news/articleView.html?idxno=26803&igsh=AEuvrOMqAhue1F==

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[URL] http://www.dailylog.co.kr/news/articleView.html?idxno=26803&igsh=AEuvrOMqAhue1F==
[제목] '동원터미널 사태' 해결 위해 해수부 직접 나선다 < 항만 < 해상 < 기사본문 - 데일리로그

기자명 김수란 기자
승인 2026.10.08 18:04
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15일 부산해수청서 해수부·동원·BPA·화물연대 4자 회의…야드 포화·상하차 대기 해결책 논의
지난 7월 발생한 부산신항 동원터미널(DGT) 셧다운 사태가 3개월째 이어지고 있는 가운데, 해양수산부가 사태 해결을 위해 직접 교섭에 나선다. 사태 장기화로 화주 및 차주 등 관계자들의 피해상화이 더욱 악화되고 있음에도 동원측이 이번 사태를 스스로 해결하기 어렵다는 판단이 섰기 때문으로 보인다.
8일 관련업계에 따르면, 오는 15일 부산지방해양수산청에서 부산신항 동원터미널(DGT) 셧다운 사태 해결을 위해 해양수산부·부산항만공사(BPA)·화물연대·동원터미널 간 4자 회의가 열린다.
동원터미널은 지난 7월 8일 셧다운 사태 이후 3개월이 지난 현재까지 야드 포화 상태를 해결하지 못해 화주를 비롯해 운송사, 차주들의 피해가 이어지고 있다.
화물연대는 8일 ‘동원신항(동원터미널) 문제해결을 위한 교섭 진행경과 보고’라는 공지를 통해 “화물연대 부산본부는 위수탁본부와 함께 동원터미널과 BPA에 상하차 개선을 요구해 왔으며, 야드크레인(T/C) 22개 라인 가운데 월 2~3개씩 공사가 진행되는 등 일부 개선 노력이 이뤄진 것은 사실이나 당장의 상하차 문제 해결에는 턱없이 미치지 못하는 상황”이라고 설명했다.
이어 “해수부가 주관하고 동원터미널, BPA, 화물연대가 함께하는 4자 회의에서 문제 해결을 위한 장·단기 대책이 실효성 있게 나올 수 있다는 판단에 따라 4자 회의를 추진해왔다”고 밝혔다.
화물연대는 "동원터미널의 장시간 상하차 대기 문제가 수개월째 이어지고 있다"며, 그 원인으로 ▲타 부두에 비해 현저히 떨어지는 업무능력 ▲개장 전 부실공사에 따른 지반침하 심화 ▲처리능력과 상황에 맞지 않는 과도한 물량확보 등을 지목했다.
특히, 화물연대 부산본부 집행위원회는 이번 교섭을 통해 장·단기 대책을 논의한다는 방침이다. 다만, 교섭이 지지부진하거나 실효성 있는 대책이 마련되지 않을 경우 강도 높은 투쟁에 나서겠다는 입장이다.
홍민철 화물연대 위수탁컨테이너본부 사무국장은 “동원터미널 셧다운 사태 이후 정부가 직접 나서는 첫 회의”라며, “담당 과장을 비롯한 관련 당사자들이 직접 만나 피해가 막심한 운송사와 화물차주들의 대기 문제에 대한 해결책과 대책을 논의할 예정”이라고 전했다.
운송업계 관계자는 “셧다운 이후 3개월이 넘도록 피해가 이어지고 있는 만큼 이번 회의에서 사태 해결을 위한 구체적인 일정과 향후 대책, 재발 방지 대책은 물론 현재 발생하고 있는 대기 문제와 대기료 지급 등에 대해서도 실효성 있는 방안이 마련돼야 한다”며, “이번 회의가 단순히 만나는 데 그치거나 보여주기식 논의로 끝나서는 안 된다”고 강조했다.
이어 “현장에서는 언제 문제가 해결될지조차 알 수 없는 상황이 장기간 이어지면서 운송사와 차주들의 피로감이 극에 달하고 있다”며 “정부가 직접 나선 만큼 회의만 하고 끝낼 것이 아니라 어떻게든 실질적인 해결책을 내놓아야 한다”고 말했다.
김수란 기자 sooran@dailylog.co.kr
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[URL] http://www.dailylog.co.kr/news/articleView.html?idxno=26803&igsh=AEuvrOMqAhue1F==
[제목] '동원터미널 사태' 해결 위해 해수부 직접 나선다 < 항만 < 해상 < 기사본문 - 데일리로그

기자명 김수란 기자
승인 2026.10.08 18:04
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15일 부산해수청서 해수부·동원·BPA·화물연대 4자 회의…야드 포화·상하차 대기 해결책 논의
지난 7월 발생한 부산신항 동원터미널(DGT) 셧다운 사태가 3개월째 이어지고 있는 가운데, 해양수산부가 사태 해결을 위해 직접 교섭에 나선다. 사태 장기화로 화주 및 차주 등 관계자들의 피해상화이 더욱 악화되고 있음에도 동원측이 이번 사태를 스스로 해결하기 어렵다는 판단이 섰기 때문으로 보인다.
8일 관련업계에 따르면, 오는 15일 부산지방해양수산청에서 부산신항 동원터미널(DGT) 셧다운 사태 해결을 위해 해양수산부·부산항만공사(BPA)·화물연대·동원터미널 간 4자 회의가 열린다.
동원터미널은 지난 7월 8일 셧다운 사태 이후 3개월이 지난 현재까지 야드 포화 상태를 해결하지 못해 화주를 비롯해 운송사, 차주들의 피해가 이어지고 있다.
화물연대는 8일 ‘동원신항(동원터미널) 문제해결을 위한 교섭 진행경과 보고’라는 공지를 통해 “화물연대 부산본부는 위수탁본부와 함께 동원터미널과 BPA에 상하차 개선을 요구해 왔으며, 야드크레인(T/C) 22개 라인 가운데 월 2~3개씩 공사가 진행되는 등 일부 개선 노력이 이뤄진 것은 사실이나 당장의 상하차 문제 해결에는 턱없이 미치지 못하는 상황”이라고 설명했다.
이어 “해수부가 주관하고 동원터미널, BPA, 화물연대가 함께하는 4자 회의에서 문제 해결을 위한 장·단기 대책이 실효성 있게 나올 수 있다는 판단에 따라 4자 회의를 추진해왔다”고 밝혔다.
화물연대는 "동원터미널의 장시간 상하차 대기 문제가 수개월째 이어지고 있다"며, 그 원인으로 ▲타 부두에 비해 현저히 떨어지는 업무능력 ▲개장 전 부실공사에 따른 지반침하 심화 ▲처리능력과 상황에 맞지 않는 과도한 물량확보 등을 지목했다.
특히, 화물연대 부산본부 집행위원회는 이번 교섭을 통해 장·단기 대책을 논의한다는 방침이다. 다만, 교섭이 지지부진하거나 실효성 있는 대책이 마련되지 않을 경우 강도 높은 투쟁에 나서겠다는 입장이다.
홍민철 화물연대 위수탁컨테이너본부 사무국장은 “동원터미널 셧다운 사태 이후 정부가 직접 나서는 첫 회의”라며, “담당 과장을 비롯한 관련 당사자들이 직접 만나 피해가 막심한 운송사와 화물차주들의 대기 문제에 대한 해결책과 대책을 논의할 예정”이라고 전했다.
운송업계 관계자는 “셧다운 이후 3개월이 넘도록 피해가 이어지고 있는 만큼 이번 회의에서 사태 해결을 위한 구체적인 일정과 향후 대책, 재발 방지 대책은 물론 현재 발생하고 있는 대기 문제와 대기료 지급 등에 대해서도 실효성 있는 방안이 마련돼야 한다”며, “이번 회의가 단순히 만나는 데 그치거나 보여주기식 논의로 끝나서는 안 된다”고 강조했다.
이어 “현장에서는 언제 문제가 해결될지조차 알 수 없는 상황이 장기간 이어지면서 운송사와 차주들의 피로감이 극에 달하고 있다”며 “정부가 직접 나선 만큼 회의만 하고 끝낼 것이 아니라 어떻게든 실질적인 해결책을 내놓아야

한다”고 말했다.
김수란 기자 sooran@dailylog.co.kr
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===== 통합 원문 10 / 11 =====
[채널] 세상의 (부)족한 것들에 대해서
[게시일시] 2026.10.08 18:08:47
[텔레그램 게시물] https://t.me/runoutof/483548
[원문 수집 기준] 외부 링크가 있으면 링크를 따라 확보한 실제 본문·첨부 파일이 주 분석 원문이다. 텔레그램 게시물은 발견 경로와 보조 설명으로 보존하며 외부 원문과 구분해 반영한다.

[현재 텔레그램 게시물 본문]
카운터포인트 루빈 HBM4 12단 유지…삼성·SK 호황 더 간다

키워드: #부족

카운터포인트리서치는 HBM 수요가 유지되면 범용 D램의 공급 부족도 이어질 가능성이 크다고 봤다. HBM 생산에는 범용 D램보다 3배 이상의 생산능력(캐파)이 투입된다. HBM 생산 확대가 범용 D램 공급을 제약하면서...

본문보기
[본문보기] https://n.news.naver.com/mnews/article/421/0009218437?sid=101&igsh=V6YSfUGqUqyF2y==
[카운터포인트 "루빈 HBM4 12단 유지"…삼성·SK 호황 더 간다] https://n.news.naver.com/mnews/article/421/0009218437?igsh=V6YSfUGqUqyF2y==&sid=101

[외부 원문 1]
[URL] https://n.news.naver.com/mnews/article/421/0009218437?sid=101&igsh=V6YSfUGqUqyF2y==
[제목] 카운터포인트 "루빈 HBM4 12단 유지"…삼성·SK 호황 더 간다

8단 축소설 반박…HBM 수요·D램 가격 강세 지속 전망
삼성전자 임직원이 HBM4E 12단 제품을 선보이고 있다.(삼성전자 제공)/뉴스1
(서울=뉴스1) 황진중 기자 = 엔비디아의 차세대 인공지능(AI) 가속기 '루빈'에 탑재되는 6세대 고대역폭메모리(HBM4)가 12단 중심으로 유지될 것이라는

분석이 나왔다. HBM 적층 단수 축소에 따른 메모리 수요 둔화 우려가 과도하다는 평가다.
삼성전자(005930)와 SK하이닉스(000660)가 HBM4 양산을 시작한 만큼 고부가 메모리 수요 확대가 두 기업의 실적 성장세를 뒷받침할 것으로 전망된다.
8일 시장조사업체 카운터포인트리서치는 최근 제기된 HBM 탑재량 축소설을 자체 점검한 결과 "메모리 수요 둔화 우려는 오해"라고 밝혔다. 메모리 수요 성장에 대한 확신이 10월 들어 오히려 강화됐다는 평가다.
업계 일각에서 엔비디아가 주요 HBM 공급사에 적층 단수를 기존 12단에서 8단으로 낮춰달라고 요청했다는 주장이 나왔다. 이에 HBM 탑재량이 줄면 범용 D램 생산이 늘어나 메모리 가격이 하락할 수 있다는 전망이 뒤따랐다.
하지만 카운터포인트리서치는 대부분의 루빈 탑재 제품이 오히려 12단 구성으로 수렴하는 추세라고 분석했다.
AI 연산에서는 비용 절감보다 데이터 처리에 필요한 메모리 대역폭과 용량을 확보하는 것이 중요하기 때문이다. ASIC 시장에서도 우려와 달리 4단 제품은 확인되지 않았다는 설명이다.
카운터포인트리서치는 HBM 수요가 유지되면 범용 D램의 공급 부족도 이어질 가능성이 크다고 봤다. HBM 생산에는 범용 D램보다 3배 이상의 생산능력(캐파)이 투입된다. HBM 생산 확대가 범용 D램 공급을 제약하면서 메모리 가격을 뒷받침하는 구조다.
삼성전자는 이날 발표한 3분기 잠정실적에서 매출 195조 원, 영업이익 107조 4000억 원을 기록했다고 발표했다. 전년 동기 대비 각각 126.6%, 782.5% 증가한 규모다. 국내 기업 중 분기 영업이익이 100조 원을 넘어선 것은 처음이다.
카운터포인트리서치는 역대 최대 실적에도 최근 반도체 업체에서 나타난 큰 폭의 어닝 서프라이즈가 없었던 원인으로 환율을 지목했다. 삼성전자는 달러 매출 비중이 높아 달러·원 환율이 급격히 하락하면 원화 환산 수익이 줄어드는 부담을 받는다는 설명이다.
카운터포인트리서치는 "메모리 수요 둔화 우려는 오해"라면서 "삼성전자의 역대 최대 실적이 일회성에 그치지 않을 가능성이 있다"고 내다봤다.

[외부 원문 2]
[URL] https://n.news.naver.com/mnews/article/421/0009218437?igsh=V6YSfUGqUqyF2y==&sid=101
[제목] 카운터포인트 "루빈 HBM4 12단 유지"…삼성·SK 호황 더 간다

8단 축소설 반박…HBM 수요·D램 가격 강세 지속 전망
삼성전자 임직원이 HBM4E 12단 제품을 선보이고 있다.(삼성전자 제공)/뉴스1
(서울=뉴스1) 황진중 기자 = 엔비디아의 차세대 인공지능(AI) 가속기 '루빈'에 탑재되는 6세대 고대역폭메모리(HBM4)가 12단 중심으로 유지될 것이라는 분석이 나왔다. HBM 적층 단수 축소에 따른 메모리 수요 둔화 우려가 과도하다는 평가다.
삼성전자(005930)와 SK하이닉스(000660)가 HBM4 양산을 시작한 만큼 고부가 메모리 수요 확대가 두 기업의 실적 성장세를 뒷받침할 것으로 전망된다.
8일 시장조사업체 카운터포인트리서치는 최근 제기된 HBM 탑재량 축소설을 자체 점검한 결과 "메모리 수요 둔화 우려는 오해"라고 밝혔다. 메모리 수요 성장에 대한 확신이 10월 들어 오히려 강화됐다는 평가다.
업계 일각에서 엔비디아가 주요 HBM 공급사에 적층 단수를 기존 12단에서 8단으로 낮춰달라고 요청했다는 주장이 나왔다. 이에 HBM 탑재량이 줄면 범용 D램 생산이 늘어나 메모리 가격이 하락할 수 있다는 전망이 뒤따랐다.
하지만 카운터포인트리서치는 대부분의 루빈 탑재 제품이 오히려 12단 구성으로 수렴하는 추세라고 분석했다.
AI 연산에서는 비용 절감보다 데이터 처리에 필요한 메모리 대역폭과 용량을 확보하는 것이 중요하기 때문이다. ASIC 시장에서도 우려와 달리 4단 제품은 확인되지 않았다는 설명이다.
카운터포인트리서치는 HBM 수요가 유지되면 범용 D램의 공급 부족도 이어질 가능성이 크다고 봤다. HBM 생산에는 범용 D램보다 3배 이상의 생산능력(캐파)이 투입된다. HBM 생산 확대가 범용 D램 공급을 제약하면서 메모리 가격을 뒷받침하는 구조다.
삼성전자는 이날 발표한 3분기 잠정실적에서 매출 195조 원, 영업이익 107조 4000억 원을 기록했다고 발표했다. 전년 동기 대비 각각 126.6%, 782.5% 증가한 규모다. 국내 기업 중 분기 영업이익이 100조 원을 넘어선 것은 처음이다.
카운터포인트리서치는 역대 최대 실적에도 최근 반도체 업체에서 나타난 큰 폭의 어닝 서프라이즈가 없었던 원인으로 환율을 지목했다. 삼성전자는 달러 매출 비중이 높아 달러·원 환율이 급격히 하락하면 원화 환산 수익이 줄어드는 부담을 받는다는 설명이다.
카운터포인트리서치는 "메모리 수요 둔화 우려는 오해"라면서 "삼성전자의 역대 최대 실적이 일회성에 그치지 않을 가능성이 있