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Nile Coin (NILE) White
Paper

Version 1.0   |   May 2025

1  Executive Summary

BitNile.com—an innovative U.S.–based social‑gaming
platform—introduces **Nile Coin (NILE)**, a Solana‑native utility
cryptocurrency that bridges external crypto liquidity with BitNile.com’s
sweepstakes‑compliant environment. Nile Coin launches on Raydium on
**May 3 2025**, seeded with 100 M NILE paired against 11 SOL; the liquidity‑pair tokens are hard‑locked for two years via an immutable
Raydium LP‑Lock. On‑platform utility activates on **June 1 2025**.

Nile Coin performs three primary functions:
• **Payment rail** — Users may purchase Nile Token (NILE‑T) packages
with NILE instead of fiat or other crypto.
• **Rewards medium** — BitNile.com and brand partners can airdrop
NILE as promotional or loyalty incentives.
• **Optional prize payout** — Sweepstakes winners may elect to
receive eligible prize redemptions in NILE.

Gameplay itself remains denominated exclusively in **NILE‑T** for fun‑play and
**NILE‑S** for sweepstakes contests; NILE is never used for gameplay wagers. A
fixed supply of **500 billion NILE** is governed by transparent Streamflow
vesting contracts and Squads multi‑sig custody, aligning long‑term incentives
and mitigating rug‑pull risk. Subsequent sections detail the market gap, full
utility design, tokenomics, roadmap, technology stack, team, and compliance
posture.

2  Key Facts at a Glance

Item

Detail

Token name /
symbol

Nile Coin (NILE)

Blockchain

Solana (SPL,
6 decimals)

Total fixed
supply

500 B NILE
(mint & freeze authorities revoked)

DEX launch

May 3 2025 –
Raydium

Initial LP
seed

100 M NILE
+ 11 SOL

Liquidity‑pool
lock

2 yrs
(unlock May 3 2027)

On‑platform
utility start

June 1 2025

Vesting enforcement

Streamflow
contracts + Squads 2‑of‑5 multi‑sig vaults

Marketing
reserve

5 B NILE
(3‑mo lock, 6‑mo linear vest)

Buy/sell tax

0 %

Compliance
stance

Utility
token; aligned with U.S. sweepstakes guidelines

3  About BitNile.com

3.1 Mission & Value Proposition

BitNile.com’s mission is to fuse virtual entertainment with
real ownership and utility. The platform delivers casual casino‑style games in
a 3‑D social environment while adhering to promotional‑sweepstakes regulations.
Engagement is driven by immersive venues and prize opportunities without
real‑money wagering.

3.2 Regulatory Framework

BitNile.com operates exclusively in the United States
(presently available in 46 states). All players complete KYC/AML through
Veriff, and sweepstakes contests follow state promotional rules, with bonds and
registrations in FL, NY, and RI. Nile Token (NILE‑T) and Nile Sweeps Token
(NILE‑S) are off‑chain and non‑transferable, requiring no gambling license.

3.3 Why Introduce Nile Coin

NILE enables crypto‑native users to enter and exit the
BitNile.com economy seamlessly, adds blockchain‑verifiable reward mechanics,
and provides an on‑chain payout option, all while gameplay remains strictly
off‑chain.

4  Market Problem

4.1 Closed Social‑Casino Economies

Proprietary in‑game credits cannot circulate on public
blockchains, creating friction and limiting user ownership.

4.2 Speculation‑Only Meme Coins

Many Solana meme tokens offer no functional link to real
products, have opaque vesting, and present high rug‑pull risk.

4.3 The Gap & Solution

Players need a compliant value bridge; crypto users want
real utility. Nile Coin’s payment, reward, and payout functions fill this gap
without touching in‑game wagers.

5  Utility & Primary Use‑Cases

5.1  Core Utilities

#

Function

Detail

Activation

1

Payment rail

Purchase NILE‑T
packages with NILE

June 1 2025

2

Rewards &
loyalty

Event‑based
airdrops

June 2025
→

3

Prize payout
option

Redeem
sweepstakes prizes in NILE

June 1 2025

4

Marketing
reserve

5 B NILE for campaigns
(vested)

Post‑cliff

5.2  Player Transaction Flow

NILE only enters/exits at wallet touch‑points; gameplay uses
off‑chain credits.

5.2 Player Journey Snapshot

  1. Acquire NILE on Raydium.
  2. Connect wallet (Phantom or Solflare) to BitNile.com.
  3. Buy NILE‑T package with NILE.
  4. Play games using NILE‑T / NILE‑S only.
  5. Optional cash‑out: redeem eligible sweepstakes
    prize in Nile Coin.

5.3 Platform‑Operator Levers

  • Targeted airdrops — first‑time depositors, VIP
    tiers, referral milestones.
  • Event bonuses — concerts, brand activations, sports
    streams.
  • Liquidity incentives — governance‑approved matching
    of external LP expansions (see Section 6).

5.4 Future‑Proofing

While no staking or governance modules are planned at
launch, the smart‑contract architecture leaves room to introduce them
later—subject to separate governance and legal review—without impacting
sweepstakes compliance.

5.5  Extended Utility Roadmap

BitNile.com’s vision goes well beyond social‑casino play.
The next growth phase will transform the platform into a multi‑vertical
entertainment and commerce hub, with Nile Coin positioned as the common medium
of exchange.

Upcoming
Capability

How
Nile Coin Fits

Universal
Game Layer – strategic partnerships will add casual, competitive, and
play‑to‑earn titles that appeal to a wider demographic.

• Players
can buy in‑game items, tournament entries, or battle passes directly in NILE.
• Studios may receive revenue‑share payouts in NILE or stablecoins.

Integrated
Marketplace – a full‑featured store for both digital assets (NFT skins,
avatars, event tickets) and real‑world products.

• NILE
becomes a spendable currency alongside fiat.
• Sellers can opt to be paid in NILE, creating additional on‑chain velocity.

Earn‑and‑Spend
Loop – loyalty quests let users earn NILE for completing tasks across
multiple game verticals, then redeem the same tokens for merchandise or
experiences.

• Encourages
circular flow: earn → play → shop → repeat, reducing sell‑pressure.

These expansions will transform BitNile.com into a utility‑driven ecosystem
that fuses entertainment, commerce, and community engagement—anchored by
Nile Coin at every transaction touch‑point.

6  Token Design & Economics (Revised)

6.1  Allocation Overview

Bucket

Tokens (B)

% Supply

Lock /
Vesting

Raydium LP
Seed

0.1

0.02%

2‑year hard lock

Streamflow
Contract Fee

0.9462

0.19%

One‑time

Treasury
Vesting Stream

498.9538

99.79%

Daily linear
vest over 36 months
(no cliff)

 

6.2  Daily Emission

The Treasury Vesting Stream releases approximately 0.46 billion NILE per
day (about 455 million), distributed evenly over 36 months

6.3  Circulating Supply Milestones (Illustrative)

Milestone

Cumulative
Liquid (B)

% Supply

Notes

Launch (LP
only)

0.1

0.02%

Seed
liquidity in lock

After
12 months

≈ 166

≈ 33%

First third
of Treasury stream released

After
24 months

≈ 332

≈ 66%

Two‑thirds released

End of
Vesting

≈ 498

≈ 99.6%

Treasury
stream fully distributed

LP Unlock
(2 yrs)

500

100%

LP tokens unlock

6.4  Liquidity‑Pool
Lock

100 million NILE paired with SOL is locked on Raydium for
two years via an immutable LP‑Lock
contract. LP tokens are non‑transferable
until unlock and cannot be revoked.

6.5  Treasury‑Token
Usage Plan

Use of Funds

Target Share
of Daily Drip

Example
Expenses

Marketing
& acquisition

≈ 25 %

Influencer
fees, paid media, referral bonuses

Platform
rewards

≈ 30 %

Seasonal
airdrops, loyalty boosts

Liquidity
support

Up to 10 %

Market‑making, additional AMM depth

Strategic
grants

≈ 20 %

Third‑party mini‑games, brand activations

Ops &
compliance

≈ 15 %

Legal,
audits, infrastructure

Percentages are guidelines; daily‑vested tokens flow into a single Squads treasury
vault. Any disbursement requires 2‑of‑5 multi‑sig approval and is visible on‑chain.

7  Roadmap & Milestones

Phase

Date

Deliverables

KPIs

0 Launch

May 3 2025

Raydium
listing; LP lock

LP verified

1 Utility
Go‑Live

Jun 1 2025

Checkout;
audit; marketing

1 000 txns

2 Growth

Q3 2025

Airdrop;
rewards

15 k wallets

3 CEX
Listing

H1 2026

Tier‑2
exchange

US $250 k
daily volume

4 Governance
Pilot

H2 2026

Votes;
cosmetic staking

500 voters

5 Grants

2027

LT Treasury
grants

3 projects

6 Bridge
Evaluation

2027‑2028

Cross‑chain /
deflation review

1 000 votes

8  Technology Architecture

– Solana SPL token (6 decimals) with revoked mint/freeze
authorities.
– Custody: Squads 2‑of‑5 multi‑sig; Streamflow vesting.
– Compliance: Veriff KYC + TRM Labs KYT.
– Infrastructure: QuickNode & Triton RPC; Pyth + Switchboard oracles.
– Security: static‑code audit complete; vesting audit June  2025.

9  Team & Advisors

Role

Member

Credential

Executive
Chairman

Milton
“Todd” Ault III

30 yrs public
leadership

Chief
Executive Officer

Joe Spaziano

15 yrs Technology/Fintech

Blockchain
Lead

Name withheld

SPL audit
veteran

Engineering
Lead

Name withheld

Scaled
>1 MM txns/day

Compliance
Counsel

External U.S.
firm

Sweepstakes
& AML

Marketing
Lead

Name withheld

Growth for
Solana projects

10  Legal & Compliance

Nile Coin is structured as a utility token. Gameplay
currencies remain off‑chain under a promotional sweepstakes model. Controls
include Veriff KYC, TRM Labs KYT, Streamflow vesting, and Squads custody.
Residual risks: regulatory change, network congestion, market volatility,
liquidity depth, and contract exploits. This document is not a securities
prospectus.

For more information and the latest updates on Nile Coin
and corp.BitNile.com, please visit the official website at BitNile.com.

Disclaimer: This white paper is for informational purposes
only. It does not constitute investment advice, an offer, or solicitation to
sell any securities or financial instruments. Nile Coin is a utility token
intended for use on the BitNile.com platform. There are no guarantees
regarding its future value, and participants should use Nile Coin responsibly
and in accordance with all platform rules and applicable laws. All statements
about future plans are subject to change; BitNile.com, Inc. and its
affiliates assume no obligation to update forward-looking statements. Users are
encouraged to familiarize themselves with the platform’s terms of service and
risk disclosures before participating in the Nile Coin ecosystem.

BitNile / DIRECTOR, CHAIR AUDIT COMMITTEE

Howard Ash

Howard Ash is an accomplished executive with extensive experience in business and finance, who served as CEO, COO, and CFO to a variety of high profile, international companies. Mr. Ash continues to serve as Chairman of Claridge Management since 2000.

Mr. Ash was a director of Net Element, Inc., (NASDAQ-NETE) from June 13, 2016 through July 13, 2020 serving as Chairman of both the Audit and Compensation committees, as well as the Nominating and Governance Committees during his tenure. He served as Chief Operating Officer of BioCard Corporation from 1997 to 2007. He served as Chief Operating Officer of CITA Americas, Inc. from 1996 to 1997. Mr. Ash served as Chief Executive Officer of IEDC Marketing, Inc. from 1992 to 1996. He held a CFO/Chief Strategist position at Abrams, Ash & Associates from 1990 to 1992. Mr. Ash currently serves on the Advisory Board of the UK based E2Exchange, the Institute of Entrepreneurs, since 2011, and is the only non-UK citizen holding that position. Mr. Ash served from 2009 to 2014 in a senior development and strategic capacity for One Laptop Per Child, a global NGO created to provide educational opportunities providing laptops to the world’s poorest children. Prior Chairmanships include the 2009 through 2012 term for the Sturge Weber Foundation, a non-profit organization dedicated to curing this rare but fatal syndrome affecting children.

Previously, Mr. Ash was an Advisory Board Member to Edge Global Investment Limited which forged a strategic partnership with the Africa Forum, consisting of 37 former Heads of State and Government. Mr. Ash started an interest-free micro-loan society in 1987 that has provided more than $15 million in micro-loans throughout the United States and Israel. In 1999, Mr. Ash founded the Circle of Life Resource Center, Inc., a food bank in Miami, Florida that feeds several hundred families per week. Howard earned a Bachelor of Commerce degree, with Honors in Accounting and Law from the University of Witwatersrand (South Africa) in 1980.

BitNile / Director

Mordechai Rosenberg

Mordechai Rosenberg – has served as a member of our Board of Directors since June 2015. Mr. Rosenberg has served as an independent consultant to various companies in the design and implementation of homeland security systems in Europe and Africa since 2010.

From 2004 to 2009, he served as a special consultant to Bullet Plate Ltd., a manufacturer of armor protection systems, and NovIdea Ltd., a manufacturer of perimeter and border security systems. From 2000 to 2003, Mr. Rosenberg was the general manager of ZIV U.P.V.C Products Ltd.’s doors and window factory. Mr. Rosenberg is an active reserve officer and a retired colonel from the Israeli Defense Force (IDF), where he served for 26 years and was involved in the development of weapon systems. In the IDF, Mr. Rosenberg served in various capacities, including platoon, company, battalion, and brigade commander, head of the training center for all IDF infantry, and head of the Air Force’s Special Forces. Mr. Rosenberg received a B.A in History from the University of Tel Aviv and a Master of Arts in Political Science from the University of Haifa in Israel.

BitNile / Director, Chair Governance Committee

Glen Tellock

No information available.

BitNile / Director

Robert O. Smith

Robert Smith served as a member of our Board of Directors from November 2010 until May 2015 and served as a member of our Advisory Board from 2002 until 2015. He is currently a C-level executive consultant working with Bay Area high-tech firms on various strategic initiatives in all aspects of their business.

From 2004 to 2007, he served on the Board of Directors of Castelle Corporation. From 1990 to 2002, he was our President, Chief Executive Officer and Chairman of the Board. From 1980 to 1990, he held several management positions with Computer Products, Inc., the most recent being President of their Compower/Boschert Division. From 1970 to 1980, he held managerial accounting positions with Ametek/Lamb Electric and with the JM Smucker Company. Mr. Smith received his BBA degree in Accounting from Ohio University. We believe that Mr. Smith’s executive-level experience, including his previous service as our President, Chief Executive Officer and Chairman of the Board, his extensive experience in the accounting industry, and his service on our Board from November 2010 until May 2015, give him the qualifications and skills to serve as one of our directors.

BitNile / Director, Chair Compensation Committee

Jeffrey A. Bentz

Jeff Bentz is an experienced businessman who has served since 1994 as President of North Star Terminal & Stevedore Company, a full-service stevedoring company located in Alaska and whose major areas of business include terminal operations and management, stevedore services, and heavy equipment operations. He also has served as a director and adviser to several private companies and agencies.