# GigaCorp — One-Page Concept

**gigacorp.pt** · Tokenized Infrastructure Finance · Portugal (EU)

> *We build the machines that power AI — and we let anyone finance them.*
> GigaCorp turns contracted, real-world infrastructure cash flows into a compliant, tradable digital asset.

---

### The Concept
GigaCorp builds **data centers** de-risked by long-term **offtake contracts** — e.g. a hyperscaler guaranteeing demand for X years. Instead of raising the ~€100M build cost through dilutive equity or restrictive debt, GigaCorp **issues a project token**: not a stablecoin, not a memecoin — a **crypto-native financial product that plays by the rules**: sold under EU exemptions, KYC-gated at the point of yield, and deliberately structured to stay a crypto token rather than a packaged, traditional security. Its value is backed by that project's contracted future revenue. Investors acquire it against **EUR stablecoins, EU crypto-assets, and euros**; as the data center generates yield, GigaCorp **buys the token back (redeems it) from a yield-funded vault**, returning capital to holders. Two businesses in one: **(1)** finance & operate GigaCorp's own data centers, and **(2)** become the **platform** for other organizations to tokenize their contracted future earnings.

### Goal
Become Europe's leading venue for **tokenizing contracted infrastructure revenue** — starting with AI data centers — closing the gap between institutional capital and the builders who need it, without equity dilution or bank covenants.

### Mission
Give real-world, contract-backed cash flows the **liquidity, transparency, and accessibility** of an on-chain asset, under full EU compliance — so builders get capital *before* they need it and investors get exposure to hard-asset yield.

### Objectives
1. **Fund Project #1** — raise ~€100M for GigaCorp's first data center, fully backed by an anchor offtake contract.
2. **Prove the cycle** — issue → operate → yield → redeem, with audited, on-chain reporting.
3. **Launch compliant** — issue with **no prospectus** via EU exemptions (see *Structure*).
4. **Open the platform** — onboard 3–5 external issuers within 18–24 months.
5. **Build the yield layer** — optional lending of idle yield/collateral for additional return.

---

### Legal Structure (two entities, one asset)
- **AssetSPV (Portugal)** — owns & operates the data center, holds the offtake contracts, ring-fences project risk, generates the yield.
- **IssuerCo** — issues the token against a claim on AssetSPV's net cash flows; runs the redemption vault.
- Keeping these separate means the **asset stays anchored in Portugal** while issuer domicile stays a one-move option (EU / Luxembourg SV for scale, UAE only if we later go global-retail). Regulator: **CMVM** (securities) + **Banco de Portugal** (payment rails).

### Two-Entity Flow (how value moves)
```
        ┌─────────────────────────────────────────────┐
        │             INVESTORS (KYC'd)                │
        │   Funds (Art.1(4))   +   Retail (Art.3(2))   │
        └───────────────┬─────────────────────────────┘
              ① pay EURC / EU crypto / €   │   ↑ receive GIGA (KYC'd)
                        ▼                   │
        ┌─────────────────────────────────────────────┐
        │                  IssuerCo                    │
        │      issues GIGA · runs Redemption Vault     │
        └──────┬───────────────────────────▲───────────┘
       ② funds │ the build          ④ net  │ yield → vault
               ▼                            │
        ┌────────────────────────┐          │        ┌──────────────┐
        │   AssetSPV (Portugal)  │──────────┘        │ Hyperscaler  │
        │  owns + operates DC    │   ③ contract      │ (e.g. Google)│
        │  holds offtake         │◀──── revenue ─────│  pays under  │
        │  contracts             │      − opex       │  offtake     │
        └────────────────────────┘                   └──────────────┘

   ⑤ Holders BURN GIGA → redeem from the Vault at the time-accretion value
      Secondary liquidity: Model 1 closed curve/vault · OR · Model 2 organic Uniswap (KYC-gated redeem)
```

### Capital Structure — dual-tranche, no prospectus
| | **Tranche A — Institutional** | **Tranche B — Retail (crypto-native)** |
|---|---|---|
| Who | Funds / professional investors | KYC'd retail (Portugal launch) |
| Size | **~€92–95M** (majority) | **€5M floor → €8M cap** |
| Legal base | Prospectus Reg. **Art. 1(4)** (qualified / ≥€100k ticket) — *uncapped, no prospectus, not aggregated* | Portugal sub-threshold **Art. 3(2)** — *light CMVM disclosure doc, no prospectus, no crowdfunding platform* |
| Entry | Private subscription at the **floor (anchor) price** | **KYC-gated bonding curve** — on-chain, self-custodial (token standard set by the chosen liquidity model) |

**The retail curve (memetic, but compliant):** a *pump.fun-style* bonding curve whose **base price starts exactly at the funds' entry price** and **rises toward graduation** — funds get the floor (they anchor and take first risk), retail buys the upside as the curve climbs. All buyers KYC once → wallet whitelisted → buy on-chain. *"Graduation" = the curve completes (sells out its retail earmark). What happens to liquidity next is a choice between two models — see Secondary Liquidity below.*

---

### Methodology (the mechanism)
1. **Verify the collateral.** Offtake contracts + project financials verified on-chain (extending FrontRun's EU model: SAF-T / eIDAS / QES signatures, optional zero-knowledge proofs to protect commercial terms).
2. **Mint against future revenue.** €100M raised across the two tranches; proceeds fund the build, ring-fenced in AssetSPV.
3. **Yield from operations.** Live data center earns under contract; **net revenue (gross − opex)** flows to IssuerCo's **redemption vault**.
4. **Return via vault redemption — with time-accretion.** Holders **burn tokens to redeem** their share from the vault. Redemption value **steps up the longer you hold**. A capital return, not a dividend: deflationary, cleaner to structure.
5. **Yield-on-yield (lending).** Idle vault balances and holder collateral can be deployed into DeFi money markets or GigaCorp's own direct lending — extra yield that helps sustain the 15% target and can lift realized returns higher.

### Tokenomics — Illustrative Base Case
> **These are illustrative numbers to show the shape of the model — to be finalized once the real deal inputs are set.**
> **Assumptions:** anchor contract tenor **10 years** · target investor return **≈15% p.a. (compounding), par floor** — realized return depends on hold time (lower on early exit) · opex haircut **≈20% of gross contracted revenue** · accretion shape **back-loaded / 15% compounding from a €1.00 par floor**. Illustrative project: **€100M** raise · **100,000,000 GIGA** · base price **€1.00**.
>
> **Yield can go higher — and this is how 15% is funded sustainably:** idle vault balances are deployed into lending — DeFi money-market protocols (Aave-style) or GigaCorp's own direct lending — generating additional yield that helps fund the 15% target and can push realized returns above it.

**(a) Redemption accretion curve** — what one GIGA redeems for by the year you burn it:

| Redeem in year | Value / GIGA | Cumulative return |
|---|---|---|
| 0–1 (floor) | €1.00 | 0% |
| 2 | €1.15 | +15% |
| 3 | €1.32 | +32% |
| 4 | €1.52 | +52% |
| 5 | €1.75 | +75% |
| 6 | €2.01 | +101% |
| 7 | €2.31 | +131% |
| 8 | €2.66 | +166% |
| 9 | €3.06 | +206% |
| 10 (maturity) | €3.52 | +252% |

*Par floor = you can always exit at cost; "wait longer, earn more" is the accretion. Redemption liability is capped by this schedule and continuously reduced by burns; maturity redemptions are backstopped by the asset's terminal/residual value (re-contract or sale).*

**(b) Vault funding schedule** — net operating cash into the redemption vault (illustrative gross **≈€25M/yr**, −20% opex = **≈€20M/yr net**), *plus lending yield on idle balances (see note above)*:

| Year | Net into vault | Cumulative vault |
|---|---|---|
| 1 | €20M | €20M |
| 2 | €20M | €40M |
| 3 | €20M | €60M |
| 4 | €20M | €80M |
| 5 | €20M | €100M |
| … | … | … |
| 10 | €20M | €200M |
| Maturity | + terminal asset value (re-contract / sale) + accrued lending yield | backstops final redemptions |

**(c) Retail bonding-curve pricing** — steeper curve, **base = fund floor €1.00 → €1.50 as the curve completes**. Retail earmark ~8M GIGA, raising **≤€8M** (avg ≈€1.25):

| Curve progress (of retail earmark) | Price / GIGA |
|---|---|
| 0% | €1.00 |
| 25% | €1.125 |
| 50% | €1.25 |
| 75% | €1.375 |
| 100% — curve completes | €1.50 |

*Funds enter at the €1.00 floor; retail climbs €1.00 → €1.50, rewarding the anchors. Unlike pump.fun, the raised € **builds the data center — it is never locked into a pool**, and GigaCorp **does not create or seed a Uniswap position.** What (if anything) trades on a secondary market is set by the two liquidity models below.*

### Secondary Liquidity — two models (choose one)
Both keep GigaCorp out of "operating an exchange." Pick by priority — airtight vs crypto-native.

**Model 1 — Closed curve (airtight).** The token is **non-transferable, locked to GigaCorp's own bonding curve + vault**. Buy from the curve, redeem to the vault — it can't leave. No external market = **zero venue exposure**. Funds exit via curve-sellback / vault redemption. Maximum compliance, no Uniswap.

**Model 2 — Transferable + organic Uniswap (crypto-native, grey-but-defensible).** The token is **freely transferable**; GigaCorp sells primary only and **never creates, seeds, or markets an LP**. If a Uniswap market forms, it's holders' doing — **issuer, not venue operator**. Trading is open; the **15% vault claim stays KYC-gated** (trade freely, KYC to redeem). Hard rules that keep the shield: no seeding the pool, no promoting Uniswap as a feature, no manufacturing the float.

### Strategy
- **Phase 1 — Anchor build (self):** GigaCorp's own data center + marquee contract; ship the full lifecycle, publish audited results. Credibility first.
- **Phase 2 — Platform (others):** productize issuance for third-party operators; monetize via issuance + secondary fees.
- **Phase 3 — Yield ecosystem:** lending/collateral layer, multi-project portfolio tokens, institutional on-ramps, multi-jurisdiction retail.

### Team
- **CEO** — Tiago Pereira
- **CFO** — João Marques
- **CTO** — Pedro Febrero
- **COO** — Joana Pereira
- **CLO** — Nuno Vieira

### Our posture: rules-following crypto, not a securities house
GigaCorp is a **crypto project that follows the rules — not a traditional securities issuer.** We sell only under **EU exemptions** (funds via Art. 1(4); Portugal retail via Art. 3(2)), **KYC-gate** the yield claim, and stay **issuer-not-venue-operator** on any secondary market. The token is built and offered as a **crypto-native instrument**, deliberately structured to avoid the trappings — and the burden — of a packaged regulated security. We never make a public offer without an exemption, and never operate an exchange. Language stays clean: *issue / redeem / buy back* — never "guaranteed dividend."

### Brand & Aesthetic
Keep FrontRun's **vaporwave DNA — but classy, not degen:** restrained neon on deep navy, chrome/gradient accents, editorial type, museum-grade whitespace. A **luxury financial house from a retro-future** — Bloomberg terminal meets *Floral Shoppe*.