Scent Token Whitepaper

Version 1.0

1. Introduction

This whitepaper aims to clearly explain the design philosophy, role, and economic structure of Scent Token.

Scent Token is not designed as a speculative crypto asset, but as an economic protocol that connects real-world economic activities to on-chain value circulation.

This document explains how Scent Token:

Naturally onboards Web2 users,
Converts real-world economic activities into value circulation, and
Forms a sustainable growth structure over time.

2. Project Overview

2.1 Operating Entity

Scent Token and its related economic protocols are operated by
UNIVERSAL SCENT TECHNOLOGY PTE. LTD. (hereinafter “UST”).

UST adopts the following principles:

It does not operate consumer-facing applications.
It operates only the token and economic infrastructure (protocol layer).

2.2 Services Operated by UST

UST operates the following services:

Scent Token
Scent Staking
Scent to USDT
Scent to JPYC

2.3 Relationship with Partner Services

UST does not directly operate consumer-facing applications.

Instead, UST provides an economic protocol layer that connects real-world economic activities—such as usage, payments, and continued engagement—occurring within partner Web2 services to the token economy.

By clearly separating the application layer from the economic protocol layer, Scent Token achieves a platform-independent and extensible architecture.

3. Core Concept of Scent Token

In this whitepaper, the term “user” refers to general users who do not require prior knowledge or ownership of crypto assets, and who become connected to the token economy as a result of using partner Web2 services.

3.1 What Is Scent Token?

Scent Token is designed as an Activity-backed Real World Asset (RWA) token, backed by continuous real-world economic activities and enabling their value circulation on-chain.

Rather than tokenizing outcomes such as user counts or revenue figures, Scent Token represents the underlying structure through which value circulation emerges via repeated economic activities such as usage, payments, and retention.

3.2 What Scent Token Is Not

Scent Token does not fall under the following categories:

A speculative token designed primarily for price appreciation
A utility token dependent on a single application
A traditional RWA backed by static assets such as real estate or bonds

4. Tokenizing Economic Activity, Not Assets

4.1 Difference from Conventional RWAs

While conventional RWAs tokenize static assets such as real estate or bonds, Scent Token tokenizes dynamic economic activities such as usage, payments, and continued engagement. Its value source lies not in existing assets, but in growing economic activity.

Economic activities backing Scent Token include:

Subscription payments
Consumption of digital content
Ongoing user engagement
Real-world revenue generation

4.2 Tokenizing Structure, Not Results

Scent Token does not directly tokenize results such as revenue or user numbers. Instead, it embeds the reasons why users continue to join and why revenue continues to circulate into the token itself.

5. A Self-Reinforcing Growth Structure

Scent Token is designed around a cycle in which:

Users engage with partner services,
Real-world payments occur,
Scent Token is distributed based on usage,
Tokens are used for participation and value experiences,
Holding tokens becomes rational,
Users themselves support further growth.

As a result, a growth loop emerges:
User growth → Revenue growth → Token demand growth → Further user growth

6. Web2-First Onboarding Design

6.1 Entry Point for Web2 Users

Scent Token begins with a user experience that does not assume crypto knowledge. Users engage with subscription-based services, receive tokens as a result of usage, and perceive them as “points.” At this stage, no understanding of crypto assets is required.

6.2 Transition from Usage to Value Experience

Distributed Scent Tokens can be used for future payments or deposited into participation-based programs. Through this experience, users gradually recognize that they are participating in a token-based economy.

7. Token TOB: A Token-Based Community Acquisition Model

This section first presents the definition of Token TOB, followed by its conceptual background, structure, and differentiation from conventional approaches.

7.1 Definition of Token TOB

Token TOB (Token-based Takeover) refers to a mechanism in which Scent Token is used to acquire other tokens and gradually integrate their communities into the Scent Token ecosystem.

What is acquired is not merely tokens, but participants and communities that continuously generate economic activity.

7.2 Relationship to Traditional Financial TOBs

Token TOB draws inspiration from traditional financial tender offers (TOBs), adapting their core concepts to Web3 token and community structures.

While traditional TOBs acquire corporate control through shares, Token TOB acquires and integrates communities through tokens, aiming to bring economic actors into the ecosystem. Token TOB does not imply share acquisition, management control, or legal dominance.

7.3 Why Token TOB Is Necessary

Conventional user acquisition methods rely on advertising, airdrops, or short-term incentives. Token TOB is based on the idea of retaining customer acquisition costs (CAC) within the ecosystem and converting them into future growth capital.

7.4 Structure of Token TOB

Token TOB consists of:

Acquiring target tokens using Scent Token,
Presenting participation conditions to the community,
Generating economic activity through Web2 service usage,
Creating token demand through usage, payments, and retention.

Token TOB does not function solely through token transfers; real-world activity is essential.

7.5 Token TOB as an Activity-Backed RWA

Token TOB acquires actors who perform real-world usage, payments, and retention. In this sense, Token TOB functions as an RWA mechanism that directly expands real economic activity.

8. Scent Staking and Reward Design

Scent Token provides mechanisms that position tokens not merely as holdings, but as means of participation. These mechanisms do not guarantee prices or yields, but deepen engagement with the ecosystem.

8.1 Scent Staking

Scent Staking allows users to stake Scent Tokens under certain conditions to receive additional Scent Tokens. Its purpose is to encourage sustained participation rather than short-term trading.

8.2 Scent to USDT / Scent to JPYC

Scent to USDT and Scent to JPYC provide experiences in which a portion of real-world revenue generated by partner businesses is converted into value representations such as USDT or JPYC for users who stake Scent Tokens.

Through this mechanism, the Scent Token ecosystem connects not only to on-chain value circulation, but also to large-scale Web2 markets and real-world revenue. These mechanisms do not guarantee revenue or profit distribution and may vary depending on partnership terms, business conditions, and regulatory environments.

8.3 Role Within the Ecosystem

Scent Staking and Scent to USDT / JPYC function as mechanisms for participant retention and as entry points for Web2 users to rationally continue holding tokens, forming a cycle of acquisition → participation → retention.

9. Token Supply and Issuance Specifications

Scent Token is issued by UNIVERSAL SCENT TECHNOLOGY PTE. LTD. The maximum supply is 120,000,000,000 SCENT, with an initial issuance of 10,000,000,000 SCENT. Up to 1,000,000,000 SCENT may be issued per month. Issuance is not guaranteed and is determined by operational decisions. The maximum supply will not be exceeded.

10. Disclaimer

This whitepaper is an informational document describing the design philosophy and structure of Scent Token and related economic protocols operated by UNIVERSAL SCENT TECHNOLOGY PTE. LTD. It does not constitute an offer, solicitation, or recommendation of securities, investment products, or financial instruments in any jurisdiction.

Scent Token does not guarantee any rights, dividends, voting rights, or future profits. Legal and regulatory treatment of crypto assets and blockchain technologies may vary by jurisdiction, and readers are responsible for verifying applicable laws and regulations.