ExHasta - Spearheading decentralized innovation.
Increasingly, technology such as machine learning, 3D printing, augmented and virtual reality, Internet of Things, and
blockchain are being made available to anyone with the drive to use them. When leveraged by the right people, in the
right place, at the right time, technology can reshape the world as we know it. This is the goal of Moonshots.
A Moonshot is a high-risk, high-impact project aimed at changing the world with breakthrough technology, such
as AI-controlled public transit, autonomous decentralized banks, and low-cost modular satellites. Elon Musk’s
Hyperloop is an example of a Moonshot project. They aim for a 10x change, rather than a 10% return. Companies
ranging from Google and Facebook to Walmart and Disney are spending billions of dollars to develop Moonshots.
So what do they have to show for it?
While some elements of the Moonshot projects developed by mega corporations might trickle down into consumer
technology, most go unused. The costs of globally managing and scaling disruptive technology doesn’t fit the
bottom line of mega corporations, which need to focus on the highest paying markets first. Google’s lack of search
presence in China (and re-entrance) and Apple’s extremely low iPhone market-share in India are particularly powerful
examples given their respective strengths in those areas. The best a mega corporation can do is monopolize the
intellectual property (IP) developed and try to monetize pieces of it in their existing products or wait until they can
license patents to competitors.
What if there was a different way we could approach innovation and Moonshots?
The solution to the Moonshot problem lies in network effects. Investopedia defines a network effect as “a phenomenon
whereby a good or service becomes more valuable when more people use it.” Network effects can critically augment
the spread and speed of Moonshots while also jumpstarting their associated markets. Elon Musk’s Hyperloop has
seen huge success because the concept was given to innovators around the world for free, which has resulted in
many well-funded companies, university development teams, and a worldwide competition.
Inspired by Musk, function(core) is leveraging the network effect to spearhead the development and distribution
of Moonshot technology through our blockchain platform: ExHasta.
ExHasta is designed to develop Moonshot technology and distribute it to a worldwide network of innovators at an
extremely low cost. Our Moonshots will be built to take advantage of network effects from the beginning with a focus
on iteration, flexibility, and usability of the IP for spin-offs. ExHasta will train top talent, as decided by the blockchain
community, to cultivate a network of innovative leaders that are able to deploy Moonshots on a global scale.
The idea is simple: give innovators disruptive tools so they can change the world.
HOW DOES IT WORK?
ExHasta Catalyst is the program in which ExHasta, led by the international collective function(core), develops
Moonshot technology intellectual property (IP) and distributes it to a worldwide network of innovators at an extremely
low cost. All IP developed will be released for sale in three phases on the blockchain. Innovators and disruptors are
able to use their EXH tokens to buy Moonshot projects in whole or they can buy specific elements for use in spin-off
companies and as an augmentation to their existing initiatives.
ExHasta Meridian is an innovator summit led by function(core) to train top talent and create powerful networks of
disruptors. Innovators on the ExHasta platform can use their EXH tokens to submit their portfolio. Innovators are
reviewed and ranked through different blind and public stages by all the other ExHasta users. Reviewers are rewarded
with a portion of the application fees in the form of EXH tokens. Regardless of community ranking, all innovators who
apply will receive access to exclusive digital content from the summit.
WHAT IS EXHASTA CATALYST?
ExHasta Catalyst is the program in which ExHasta, led by the
international collective function(core), develops Moonshot
technology intellectual property (IP) and distributes it to a
worldwide network of innovators at an extremely low cost. Our
Moonshot IP is built to take advantage of network effects from
the beginning with a focus on iteration, flexibility, and usability
of the IP for spin-offs. Our mission is to spearhead the
development of Moonshot concepts and distribute everything
we develop to as many innovators as possible.
Catalyst releases IP in three phases. The first phase of the sale
has two elements. The first element is a limited-quantity public
auction of developed IP. The second element is an independent
sale/transfer of the full project, including any assets, staff,
partnerships, and customers acquired during project
development to another entity outside of ExHasta Catalyst.
The auction allows early movers with more resources to pay
for timed-exclusivity of IP and the sale/transfer allows us to
become a self-sustaining organization. The higher premium of
the auctions offsets the pricing of the second phase.
HOW DOES CATALYST WORK?
All the IP we develop will be available on ExHasta Catalyst,
including designs, blueprints, source code, patent/trademark
licenses, research documents, hardware specifications,
deployment plans, timelines, budget estimates, contracts,
team compositions, management structures, and more.
Platform users can purchase IP to quickly spin-up their own
versions of our Moonshots or purchase single elements and
reports to augment their own initiatives or to spin-off the
technologies into related fields.
Eight months after the initial auction, the second phase is a
low-cost unlimited-quantity public sale of the IP. The third
phase is the free release of all the IP that occurs eight months
following the public sale. This model provides a pathway to
give the early movers a competitive edge of timed-exclusivity
at a higher premium which allows us to further release the IP
at highly discounted rates and eventually free. The diagram
below illustrates the timeline for our Moonshots:
Our business model doesn’t require a long-term
monopolization and monetization of IP. This allows us to
spearhead R&D and validation of Moonshot projects and
then distribute all the IP to the masses of creators,
innovators, and entrepreneurs who can either create
startups using the IP or spin-off specific elements of the
technology to augment their own initiatives. Our goal is to
get powerful IP into the hands of people around the world
at an extremely low cost to them. Blockchain allows us to
distribute to a global community without censorship,
borders, or investor/shareholder control getting in the
COMMUNITY TALENT CURATION
ExHasta is a platform from innovators, for innovators.
The blockchain has created a global community and that
community should have a say in who can represent it.
Anyone can create a profile and submit their biography,
portfolio, C.V., or resume to demonstrate why they should
attend the ExHasta Meridian. Platform users are invited
to rank and review applicants in tiers in exchange for a
portion of the application fee in the form of tokens. EXH
tokens are distributed to groups of users that come to a
consensus during the review phases. For example, if 60
users believe that Person X should advance to the next
tier and 40 users believe that Person Y should advance to
the next tier, then Person X will advance and the 60 users
that supported Person X receive a portion of the
application fees as compensation for their reviews.
Meridian Platform Development:
Catalyst Platform Development:
The goal of our pre-sale is to raise $350,000 USD to pay for
the initial development expenses including smart contract
development, marketing and PR, social media management,
and legal infrastructure and counselling. More importantly,
the goal of the pre-sale is to raise enough capital to
sufficiently support a large crowdsale with a goal of ~$5.3M
- $25M USD. The table and donut chart below represent and
visualize the breakdown of the $350,000 USD goal.
MINIMUM RAISE GOAL
Our minimum raise goal of $5,300,000 USD is created to support the development of two Moonshot
projects over the course of two years. This means the budget includes core team salaries, team
retreats where we develop the projects, Moonshot expenses, and company infrastructure. It also
includes the non-recurring expenses related to the token sale and the development of the ExHasta
platform. The tables below represent our yearly and per-project expenses while the donut chart
visualizes these expenses over the course of two years working on two Moonshots
IDEAL RAISE GOAL
Our ideal raise goal of ~$13,400,000 USD is created to support the development of the Moonshot
projects over the course of three years. This budget augments all the expenses from our minimum
raise goal to allow us to foster a stronger team and develop our Moonshots further than what would
be possible with our minimum raise goal. The tables below represent our augmented yearly and perproject
expenses while the donut chart visualizes these expenses over the course of three years
working on three Moonshots.
MAXIMUM RAISE GOAL
Our maximum raise goal of ~$25,000,000 USD is created to support the development of fourFor More Details Read White Papers:
Moonshot projects over the course of four years. This budget continues to augment elements of our
ideal raise goal. We have created the maximum because we believe that we can become a selfsustaining
organization between the three-phase release schedules of ExHasta Catalyst and the
revenue from ExHasta Meridian. The tables below represent our augmented yearly and per-project
expenses while the donut chart visualizes these expenses over the course of four years working on
function(core) is the team behind ExHasta. We are a transdisciplinary and international collective composed of scientists, musicians, engineers, entrepreneurs, actors, architects, physicists, chemists, futurists, writers, and creative technologists.
Our advisors are innovators and pioneers in their respective fields. We are honoured to have them supporting ExHasta.
Our team have previously consulted and created solutions for leading firms, government agencies, artists, festivals, and universities.