White Paper
OVERVIEW
Digitizing Scent
Scent plays a crucial role in our daily lives, often influencing decisions without us even realizing it. For instance, the scent of shampoo, soap, or toothpaste is a significant factor when choosing these essentials. Similarly, unpleasant scents in a room can create a sense of discomfort or raise concerns about hygiene. Our sense of smell subtly but powerfully guides many of our judgments and preferences.
Despite its importance, scent remains the only one of our five senses that has yet to be digitized. Music can be downloaded, movies are streamed, meals are ordered through apps, and meetings are held online. Yet, scent has not benefited from digital advancements. The reason is simple—technology to digitize scent data has not existed until now.
This project aims to digitize scent, unlocking new possibilities and enriching human life. By bringing scent into the digital realm, we believe we can create unprecedented experiences and elevate everyday living to new heights of convenience and enjoyment.
In addition to achieving scent digitization, another key goal is to make this technology accessible to the general public. To that end, we are introducing a service called "Scent Store." This platform manages and delivers digital scent data, allowing users to effortlessly experience scents through compatible devices. Through Scent Store, we aim to bring the benefits of digital scent to a wide audience, enhancing lives and creating a richer, more vibrant world.
Challenges We Address
Overcoming Challenges in Scent Shopping
When purchasing scents, visiting a physical store is currently considered a necessity. While this may seem natural, our goal is to fundamentally transform this experience. Imagine the convenience brought by the digitalization of music—people no longer need to visit CD shops.
Instead, they can browse for their favorite tracks from the comfort of their bed, using a smartphone to effortlessly select and play music in an instant.The ability to download music has created a completely different level of convenience compared to the era of buying CDs. The latter is undeniably more efficient and has revolutionized our lifestyles. Similarly, we aim to revolutionize the way people shop for scents, bringing about a comparable leap in convenience.
We want to make shopping for scents as simple and enjoyable as the music experience—allowing users to choose and enjoy their favorite scents from the comfort of their bed. Our goal is to achieve this transformation using the power of IT. By digitizing scents and providing an environment where people can freely browse, purchase, and immediately enjoy them, we aim to reshape traditional commerce into a new and innovative experience.
Challenge of Scent Recipe Protection
For perfumers, the true value lies in the "scent recipes" they create, and the proper business model should involve selling these recipes. However, in reality, perfumers do not sell their recipes directly; instead, they sell perfumes—the physical "liquid" produced using those recipes.
This structure is inherently flawed when compared to the music industry. Composers earn royalties for their creations, which is a fair and standard practice. In contrast, perfumers lack a similar system that recognizes the value of their intellectual creations. It’s akin to composers manufacturing and selling CDs of their music directly, bypassing the traditional royalty model.
The reason perfumers cannot sell their recipes directly is simple: the risk of their recipes being stolen. To address this fundamental issue, we propose leveraging blockchain technology. By recording scent recipes on the blockchain, it becomes possible to unequivocally prove which perfumer created a particular scent. This system ensures that perfumers can protect the value of their intellectual property and confidently trade their recipes without fear of theft.
Universalization issues in the fragrance industry
The fragrance industry has experienced significant growth throughout history. Countless scents have been created, leading to the introduction of various perfumes and image fragrances in the market. In the fragrance industry, it is common to combine numerous ingredients to create a single product. Consequently, each product lacks universal appeal and is typically tailored to specific orders.
In this business style, it is difficult to develop and leverage a single software solution that allows all users to enjoy the same experience in the digital world. Our proposal involves approaching the fragrance industry with a reverse-thinking mindset: limit the number of ingredients used to create scents and build a business around the maximum number of fragrances that can be created from those ingredients.
Though this approach does limit the number of potential fragrances, it enables mass production and cost reduction by digitizing scents. Furthermore, it allows for flexibility in adapting to the metaverse era.
This new way of thinking will bring new possibilities to the fragrance industry, allowing it to ride the waves of digitalization and the metaverse. We hope that the fragrance industry will continue to prosper with this new style based on limited ingredients.
Smell Token
Realization of scent quantification and code management:
In this project, we issue and manage a global standard code for quantifying scents, called Universal Scent Format (.usf). Digital Smell Format contains programs such as "cartridge number," "duration," and "intensity" for spray devices and electronic devices capable of reproducing scents, allowing control of the scent.
Technological innovation with NFTs:
NFTs are cryptographic assets that can be traded on the blockchain. Digital data is recorded on the tamper-resistant blockchain, treated as a unique existence, and becomes impossible to counterfeit with provable ownership. Trading history and ownership information are also recorded on the blockchain, ensuring data ownership. NFTs give rise to new ways of enjoying and doing business with digital works.
Scent quantification × NFT × Digital devices:
By integrating technology that can reproduce digital scents at the necessary timing with digital devices, we create a new world view. For example, you can control the scent of a room according to your mood with an AI-equipped diffuser, detect enemies or shops in games or the metaverse through smell, or enjoy a world trip with a diffuser-equipped AR/VR glasses. This project to create a new scent ecosystem by handling and promoting scent NFTs compatible with such digital devices, while partnering with the companies that manufacture such devices, is certain to expand into a market much larger than imagined.
Scent Store's market and outlook:
Scent Store will target the digital marketing market and expand its business using scent NFTs. In 2021, global advertising expenditure increased by 17.0% year on year to $682.5 billion, with digital advertising accounting for 29.1% more than the previous year, totaling $355.7 billion, leading the expansion of the advertising industry.
(Source: https://www.advertimes.com/20220127/article375333/)
Furthermore, the global scent market in 2020 was around ¥5 trillion, and it is predicted to reach ¥6 trillion by 2025.
The digital advertising and scent markets are both growing year by year, positioning our market in a growth sector. Moreover, the growth of the metaverse field is driving the NFT market, with US investment firm Jefferies predicting that it will reach $35 billion in 2022 and $80 billion by 2025.
The addition of our scent business to these markets is expected to further increase the variety of advertising options.
Technology
Digital Scent Format Code ".usf"
The Universal Scent Format, or .usf, is a global standard code for quantifying scents. Digital Smell Format is recorded with various parameters for scent-printing devices and electronic equipment, such as the "cartridge number," "duration," "intensity," and "maximum print limit." When these devices compatible with a Digital Smell Format receive the format, they will be able to control and print the scent accordingly.
NFT Blockchain
The Scent Store platform is based on the Polygon blockchain. A notable advantage of the Polygon blockchain is its extremely low transaction fees.
IPFS Server
Considering deployment in the advertising industry, this project configures an IPFS service that enables storing rich content files such as metadata and image data. The IPFS cluster manages the Pin function for files on each IPFS node.
Roadmap
Company
Company Name: ATIT TECH IT SOLUTIONS
Address: Office 1002, 48 Burj Gate, Downtown, Dubai
Business Description: AVALANCH TECH IT SOLUTIONS is a UAE-based company that undertakes consulting and service platform development for WEB3.0 technologies from around the world.
Earn Rewards
Earn Smell Tokens as points on every purchase made in the Scent Store. Similar to points, Smell Tokens can be used as a payment method for your next purchase.
Exclusive Discounts
Use Smell Tokens to purchase coupons and enjoy special discounts when you shop.
Staking Revenue
Stake Smell Tokens to earn a share of USDT directly from real-world business revenue.
Smell Token Utility
SML Staking Revenue
STAKE SML & EARN USDT
SML Staking Revenue offers a groundbreaking staking program, providing users with new investment options. Through this program, staking Smell Tokens opens opportunities for additional income. The staking process is highly flexible, allowing users to stake or unstake tokens at their convenience. Rewards are determined based on the quantity of staked tokens, the duration of staking, and the growth of the Smell Token economy, subject to fluctuations. A distinctive feature of this program is its distribution of profits based on real-world business revenues, a pioneering approach in the industry. Collaborating with the actual business sector is anticipated to result in significantly larger distributions.
Note: No SML for operational purposes is included. To verify whether any are included, you can check the addresses in the Smell Token allocation.
FEATURES
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Get Real Business Profits: Earn USDT directly from real-world business earnings
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Trusted Earning Model: Enjoy secure returns from reliable business partnerships
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More Growth, More Rewards: As the business grows, your rewards grow too
Total Supply
12,000,000,000
Decimals
8
Ticker
SML
Contract Address
0xfCB54Da3F4193435184F3F647467e12b50754575
More Detail
https://polygonscan.com/token/0xfcb54da3f4193435184f3f647467e12b50754575#balances
39.8% for Marketing
Used for promotion towards the globalization of Scent Store services.
0x2A929EC59832351430F1a944F23621b24BE0b6a6
29.1% for Ecosystem
Used for operating expenses, development funds, and promoting Smell DX.
0x0463eD0e15473C49199654B9dD0eE1720c1e59b4
16.7% for Team
Used as an incentive for project management members.
0x36FC3021729E3D791113569373BFddccD20B3859
5.8% for Reserve
Used for rewarding community contributors, staking rewards, and airdrops.
0xa9af2Fd5a1668E97A8b066499a28f70eE02B452C
3.9% for Advisers
Used for paying rewards to lawyers and agencies as incentives for business expansion.
0x34fe6680E5Df943D8855b15ffe37338e9a92c8C5
Enter the new era of the fragrance industry, participate with SML
Smell Token (SML) is a special token to participate in the digital transformation (DX) of the fragrance industry. By holding this token, users can take part in various businesses and games deployed on the innovative Scent Store platform. The Scent Store platform introduces digital technology to the traditional fragrance industry, expanding its potential by enabling the sale of scent data in digital formats. In addition, it is expected that the use of SML will entitle users to purchase devices compatible with the scent NFTs at a reduced price. Use SML will entitle companies in the fragrance industry to use our system at a reduced price.
Exclusive early access to special NFT sales: Experience Scent Store exclusively
On the Scent Store platform, special products can be listed, just like on a regular e-commerce site. These are offered as limited and valuable scent NFTs, such as NFTs of digitized scents with historical value or scents developed exclusively for digital use by famous brands.
These special NFTs are granted presale rights to SML token holders on the Scent Store platform before they are sold to the general public. Take advantage of this opportunity to acquire rare NFTs before anyone else and add them to your collection.
Such early access rights have great value for SML token holders. It means not only building your unique scent collection but also expanding opportunities for discussion and exchange with other collectors and enthusiasts. Additionally, these rare NFTs may appreciate in value in the future, potentially making them a smart investment.
By holding SML tokens on the Scent Store platform, you can gain early access to special scent NFTs and enjoy exclusive experiences. Enhance your collection and enjoy the world of fragrances even more.
Right to create and sell custom scents
The ultimate goal of this platform is to liberalize perfumers and enable more people to create their unique scents. To synthesize scents as a digital perfumer, also known as a Scent Store, you need to hold a certain amount of SML. This ensures that the platform's ecosystem remains healthy and competitive for perfumers.
Infinite creativity in scents with SML
The number of scent creations you can make increases according to the amount of SML you hold. By holding more SML, digital perfumers get the chance to create a more diverse and rich portfolio of scents. This mechanism maintains the platform's quality and promotes fair competition. SML holders can create and sell their scent creations on the platform, generating revenue.
Imagine you're in charge of creating the scents for a live concert of a globally famous artist or band. The venue is filled with your unique fragrance, and the audience enjoys the live performance surrounded by the captivating scent. This fragrance enhances the artist or band's image and leaves a deep impression on their fans.
At the venue, a large screen displays a QR code for purchasing your created scent. The audience can easily scan the QR code with their smartphones and buy your scent on the spot. In this way, thousands of fans attending the live event can get their hands on your original fragrance.
As a result, you'll receive sales beyond your wildest imagination. This revenue is a testament to your talent and effort and will pave the way for further business opportunities. This success will boost your confidence in your career and serve as a driving force for your next challenge. By continuing to grow as a perfumer, you can create new value in the world of scents and pursue infinite possibilities.
Right to participate in fragrance competitions
The Scent Store platform is an innovative service that sells original image fragrances for various celebrities and characters worldwide, allowing everyone to enjoy unique scents. Competitions are held on the platform to determine who gets the right to create these fragrances. Winners are awarded the right to develop the original fragrances. Of course, to participate in these competitions, you need to hold SML tokens.
Our digital scent technology is expected to be widely used in various industries. Scents play a vital role in the entertainment industry, gaming, advertising, office spaces, and hotels. Through the Scent Store platform, scents created by digital perfumers can be adopted in these places, providing a significant opportunity for revenue.
Furthermore, by utilizing this platform, not only professional perfumers but also ordinary people can create their scents and compete in the market. This diversification of the world of scents will create new business opportunities.
The Scent Store platform fosters innovation in the fragrance industry and, by leveraging digital technology to remove traditional constraints, makes the world of scents more accessible. As a result, everyone can enjoy their unique scents or thrive as a perfumer, contributing significantly to the development of the fragrance industry.
Staking Rewards
We hold the scent datamation, the exchange of scent data (NFTs), and the playback of scent data (NFTs).
By having various companies in the fragrance industry use it, we will be able to exchange scent data (NFTs) and use scent data (NFTs) in a variety of situations that are not limited to the SCENT STORE alone. In addition, we will receive license fees from each company, and we are preparing to allocate a portion of those license fees to staking rewards.
Risk
Risks related to the purchase, sale, and use of tokens
This token is not planned or sold as a security or financial instrument. Therefore, the purchase information is not intended to form investment decisions, and we are not responsible for any loss or damage based on errors or inaccuracies in the information.
Risk of access loss due to improper management of this token
If the purchaser loses access information to their digital wallet due to improper management, they may not be able to access this token properly.
System risk
This token is based on the polygon network, and there is a risk of unforeseen events due to network failures or malfunctions. There is also the possibility of hacking or security attacks.
Token market risk
Although this token is intended for use on the Scent Store platform, there is a risk of illiquidity depending on the situation of the exchanges handling it.
Risk of regulatory measures
The handling of token issuance and sales is not clear in each region, and there is a possibility that the regulatory response to this token may change and become subject to regulation.
Taxation risk
The tax characteristics of purchasing this token are unclear, so purchasers must individually verify the requirements for related tax reporting.
Risk of maintaining the Scent Store platform
The Scent Store platform is under development, and there is a possibility of specification changes. Due to development factors, if the platform does not function properly, risks may arise.
Price fluctuation risk
If this token is traded on a cryptocurrency exchange in the future, the price may fluctuate significantly due to market conditions and demand.
Dissolution risk
The seller or parent company may dissolve due to significant fluctuations in the overall value of cryptocurrencies, a significant decrease in the usefulness of this token, or the failure of business operations.
Unforeseen risk
This token is based on new technology, and there is a possibility that risks that were not initially anticipated may occur.
Update 2024 2nd December
Scent Store Platform
The Scent Store platform consists of NFT registration management, NFT marketplace, and scent playback history management features, incorporating the mechanisms of NFT and DAO, which are elements of WEB3.0.
NFT Registration Management:
Users can register quantified scent data and generate NFTs. A DAO community that allows users who meet certain conditions to participate is established, and new scent registration and NFT registration approval take place. Participants can earn SML as rewards. Furthermore, when the registered scent NFT is bought and sold, users can earn rewards, realizing SMELL To Earn.
Scent Store:
There is a feature for buying and selling registered scent NFTs. Fixed price transactions and auction-style transactions are possible, and users can also resell purchased NFTs. There are two types of scent NFTs: common cards and owner cards. Common cards are NFTs granted to members with scent usage rights, while owner cards are NFTs granted to members who register or purchase the ownership of a scent NFT. Owner cards receive dividends in SML based on the sale/resale price. Moreover, it is possible to specify the number of cards issued for each type.
Digital Smell Copyright:
With Digital Smell Copyright, we can manage the number of times a scent NFT is played, enabling billing based on play count and issuance of NFTs with limited play count.
Scent Store App
A smartphone app allows users to access all features of the Scent Store platform and is also expected to allow users to control diffusers and sprayers manufactured by the partner companies. It also includes SML payment functionality.
Alliance Company
Universal Scent Format.
Smell Token Allocation
Alliance Company refer to a group of enterprises that play a crucial role in the Smell Token economy.
These companies have integrated Smell Tokens into their operations, innovating their business models and transaction methods through its use. By becoming Alliance Company, these enterprises gain access to new markets and opportunities for networking with other partnering companies. Additionally, the use of these tokens within the Smell Token economy facilitates more efficient and transparent transactions.
As the businesses of Alliance Company grow, the demand for Smell Tokens also increases. This surge in demand enhances the value of Smell Tokens, contributing to the expansion of the entire economic sphere. Furthermore, as more companies join as Alliance Company, the economy diversifies and its appeal is expected to grow.
In this white paper, we have listed the companies that have formed alliances as partners. Visitors can learn in detail about the business activities of these companies, their roles in the Smell Token economy, and how each has become a part of this innovative economic sphere.
Disclaimer
2024: BUILDING THE FOUNDATION
In 2024, we focused on setting the stage for our vision. We created the 'Universal Scent Format,' a groundbreaking way to digitize scents, and launched 'Scent Store,' where users can download and buy digital fragrance files called 'Smart Fragrance.' A test version of this service was also introduced from 2023.
We had collaborations with many IPs to create many Smart Fragrances.
2025: TESTING AND GROWING
In 2025, we’ll begin test marketing in Indonesia to prepare for full-scale sales. We’ll also expand the 'Universal Scent Platform' by partnering with celebrities, brands, and manufacturers to create more Smart Fragrances, offering consumers more choices.
The number of scent inks will increase to ten, allowing for richer and more varied fragrances.
We’ll also introduce 'Creator Mode,' enabling anyone to craft and sell their own fragrances on Scent Store.
2026: CHANGING THE MARKET
In 2026, we’ll focus on transforming the fragrance industry by integrating the Universal Scent Format with traditional perfumes, while focusing on real sales growth in Indonesia while working to reshape the global fragrance market.
We’ll also explore partnerships in gaming and advertising to introduce scent-driven experiences that enhance engagement.
We’ll educate WEB2 users about our platform to bring them into our growing ecosystem.
2027: LEADING THE INDUSTRY
By 2027, we aim to become no.1 brand. Like music transitioned from CDs to streaming, we’ll help scents move from traditional products to digital formats.
Scent will become part of daily life, from perfumes and room fragrances to communication, ads, gaming, and even education and healthcare.
Smell Tokens will play a bigger role as companies adopt our format and pay royalties in tokens, boosting their value and stabilizing the ecosystem.
In 2027, we’ll begin test marketing in the U.S., aiming to understand consumer needs and preferences.
No part of this white paper or any facts presented herein should be relied upon as a basis for any contract or investment decision. No one is bound by any contract or legal obligation with respect to the sale of SMELL tokens.
Contracts between the buyer and the seller as the purchaser with respect to the sale of SMELL tokens shall only be governed by the token sale agreement specifying the terms and conditions. Investing in SMELL tokens involves a very high risk, including the risk of losing the entire investment amount.
Only investors with knowledge of acquiring tokens, digital assets, or cryptocurrencies should consider this opportunity. You must carefully consider the risks of purchasing SMELL tokens. This white paper does not guarantee the accuracy, reliability, or completeness of its contents and disclaims any legal liability.
They made a groundbreaking advancement in the fragrance industry by becoming the first company globally to convert scents into digital data. This breakthrough has enabled a range from physical perfumes to digital streaming of fragrances. They operate a service called Scent Store, which allows customers to download scents. Horizon has been involved in numerous projects and collaborations with various celebrities, leveraging their unique technology to transform the way we experience fragrances.
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