About ClearCoin

About ClearCoin

Founded in 2017, ClearCoin is at the forefront of media and advertising solutions built with blockchain technology. ClearCoin’s native token XCLR powers its Platform and Extension. The key areas of focus for the company are solutions for smart contract based ad buying and the growth of ad blocking technology.

ClearCoin provides a native token for the ad industry, a decentralized wallet, a platform for buying and selling ads, and an ad blocker that rewards users while browsing the web. The company continues to build technology in these growing markets.

Executive Team

Jay Singh, Founder & Chief Executive Officer

Jay has spent 14 years in technology. His ad tech companies have produced millions of dollars of revenue. Jay has closed millions of dollars of venture capital with well-known Silicon Valley investors. He has worked with brands like Pepsi and Coca-Cola on their digital advertising. Jay founded the company ViralGains in 2012, which has closed $30 million of venture capital with dozens of Fortune 500 customers. He founded the company Viral Media Solutions in 2008, which advertised for brands like Coca-Cola and Procter & Gamble. Jay’s history of starting valuable advertising technology companies has exposed him to all aspects of the business: engineering, product, operations, finance, sales, and marketing. Jay has managed teams as large as 25 people. Jay is an alumni of the major global technology accelerators MassChallenge and 500 Startups. Jay studied Business & Marketing at Suffolk University and the University of Massachusetts Amherst. Jay is based in Burbank, California.

Christopher Elwell, Chief Technology Officer

Christopher Elwell is the CTO at ClearCoin where he is aiding the scale and growth of the platform and engineering team. He was the VP of Engineering at Purple Services, a technology company with $2.5 million of funding, 20,000 users, and 7 figures of revenue. At Purple, he created the initial mobile app and developed the software that kept Purple connected, as well as management of the engineering team. Previously, Christopher served as the founding CTO of the technology startup called WeSawIt. The company aggregated photos and videos at events and provided venues and artists the ability to showcase their events and connect with their fans. He has experience with Clojure, JavaScript, PHP, HTML, CSS, SQL, and CoffeeScript.

Matthew May, Chief Financial Officer

Matthew works with ClearCoin on its financial, tax, audit, and growth strategies. He works in a similar capacity with Storj, an ICO that raised over $30 million. Matthew’s company Acuity is a leader for cryptocurrency and blockchain powered companies. He has dealt with the financial complexities that arise from companies dealing with both cryptocurrencies and fiat currencies. Matthew is experienced with the latest strategies and regulations for companies that deal with cryptocurrency. He has spent 20 years with different accounting firms including Ernst & Young and PricewaterhouseCoopers. Matthew has experience in a wide range of financial services including tax, bookkeeping, audit, consulting, transaction advisory, and more.

Richard Gora, Legal Counsel

Richard Gora has over 10 years of experience as an attorney in business, corporate, securities, management, litigation, employment, and intellectual property. He is the founder of Gora LLC, a law firm where he has advised hundreds of clients. Richard’s clients include ICO and cryptocurrency companies. He has advised clients from companies like Lehman Brothers, Google, and Spotify. Richard represented a confidential investment in Uber’s Series E round that was valued at $40 billion. Richard has transactional representations for millions of dollars of equity and debt offerings. He has appeared in four federal cases with over $1 billion at stake. Richard has worked with clients on corporate matters such as licensing, trademarks, formation, governance, and employement matters. Richard is also a Founder and Managing Director of Eclii Ventures. He studied law at Quinnipiac University School of Law.

Cleary Bot, Telegram Admin & Mascot

Cleary Bot is often seen helping the moderation effort in our Telegram group of over 20,000 members. Cleary Bot is built in Node.js and hosted on Heroku. Cleary Bot can answer questions and syndicate new news to the Telegram group. Cleary Bot also serves as the official mascot for ClearCoin.

Thomas Connolly, Advisor

Tom possesses a rich and diverse background that includes corporate executive roles at Sony and TVRC, as well as Regional and Global roles as a Managing Partner and Global Industry Leader within EY. He has advised companies on some of the largest acquisitions and dispositions in the Media and Entertainment industry, including: Comcast, Citibank, Sony, Dalian Wanda, Disney, TimeWarner, and many others. Tom is a Certified Public Accountant and possesses a deep personal passion for the study of economic trends and evolving market dynamics. Within EY, Tom served as the Audit Partner on Time Warner, as the Regional Managing Partner of Transaction Advisory Services for the Northeastern United States, and as the Global Media and Entertainment Industry Transaction Leader. At Sony, Tom served as the Global Financial Controller and as the Worldwide Business Development Executive of Sony Music Entertainment, Inc., and for Sony Corp. as the Chief Financial Officer of Sony’s Internet Incubator, 550 Digital Media Ventures. At TVRC, Tom was the CEO of this interactive media healthcare enterprise. As a member of the Advisory Board of WNET, the PBS Broadcaster for the New York, New Jersey and Long Island markets, Tom served on the Audit and Finance Committees.

Tom has worked on several major M&A transactions including the following deals. Publicis Groupe’s $750 million digital advertising acquisition of Razor Fish, Comcast’s $30 billion acquisition of NBCUniversal from General Electric and Vivendi, Sony ATV’s $350 million acquisition of Famous Music Publishing from Viacom, Dalian Wanda’s $3 billion acquisition of cinema operator AMC Entertainment, and the Sale of EMI Music assets for a combined $4 billion to Sony and Universal Music. Tom served as the Chief Financial Officer for Sony’s $650 million startup incubator known as 550 Digital Media Ventures. The incubator invested in the entities that became Google Earth and MySpace. As the SVP Global Business Development at Sony, Tom developed a $30 million marketing campaign with Chrysler across multiple Sony divisions (Film, Music, and Electronics.) Tom received an MBA from Columbia University and a BS in Accounting from State University in Albany. Tom is a Registered Investment Advisor having passed the Uniform Investment Adviser Law Exam and the completion of his registration with the Securities & Exchange Commission and with the NYS Attorney Generals’ Office.

William Ramirez, Advisor

William is an early investor in the company. He has spent eight years working with internet marketing technology. William has a depth of experience in working with the Google and Facebook advertising platforms. His marketing technology efforts have generated over $10 million of annual revenue. William’s experience with highly scaled lead generation allowed him to succeed in several verticles including health & beauty products. William’s company Midas Media continues to generate revenue by working with the largest ad tech platforms. He is advising ClearCoin on capital strategies, advertising technologies, scaling revenue, and execution. William studied at Hofstra University.

Frequently Asked Questions

Please check the questions below for an answer to your inquiry. If you have a question that is not answered below please email help@clearcoin.co

Which wallet can be used to store ClearCoin (XCLR)?

ClearCoin (XCLR) tokens are an ERC20 token and can be stored in a wallet that is compatible with the ERC20 standard. When you sign up for an account with us, you will be assigned an ERC20 wallet address. Any XCLR tokens you buy during the sale will automatically be sent to the wallet address on your dashboard. We are working on a feature that will allow you to send your XCLR tokens to other ERC20 compatible wallets. Other ERC20 wallets include MyEtherWallet (no download), MetaMask (browser add-on for Chrome & Firefox), Mist (desktop), Parity (desktop), imToken (iPhone & Android).

What is ClearCoin?

ClearCoin (XCLR) is a utility token built on the Ethereum technology platform with the ERC20 token standard. ClearCoin can be used in our advertising technology product. Our advertising technology product connects advertisers, publishers, and people.

What happened to the XCLR/ETH pair on IDEX?

The XCLR/ETH pair was available on IDEX for several months. It is no longer available on IDEX and they have not provided us with a specific reason as to why it is no longer available. If a specific reason is provided we will update this article.

What happened to the Explorer?

The Explorer is currently down for maintenance and going through architecture changes to meet the evolving needs of the technology. The original Explorer indexed all blockchain data which is a cumbersome way of going about it. The intention in our whitepaper was to show key data related to ad inventory and ad impressions. We will re-launch the Explorer with these focuses. For now, the Platform and the Extension serve as the core product offering.

How will proceeds from the token sale be used?

The proceeds from the token sale will be as follows. 70% toward product & engineering. 20% toward marketing & sales. 10% toward operating & administrative.
Use of Proceeds in the ClearCoin Token Sale

How will ClearCoin (XCLR) tokens be used?

ClearCoin (XCLR) tokens are used to secure ad inventory on the companies platform. Each XCLR token represents a unit that can secure a certain amount of advertising on the platform.

How many ClearCoin (XCLR) tokens are there?

There are 1,000,000,000 (1 billion) ClearCoin (XCLR) tokens that have been created. 1,000,000,000 is the maximum supply and that is the total number that can ever exist. The current circulating supply is 527,873,733. The circulating supply is determined by what is in the general public and the issuance plan for the development fund. Any tokens not in circulation or in reserve could be used to sell to future institutional buyers, enterprise buyers, or used for acquisition opportunities and these tokens are considered allocated for future uses. The total size of the development fund is 200,000,000 while what’s intended for the public is 800,000,000. The development fund exists to support the growth of the project including current and future team members or partners that can help in building the products of the company. While the company has considered a burn for some tokens, no plan is currently in place for a burn. Some tracking websites had reported ClearCoin’s circulating supply as 800,000,000. However, 800,000,000 represents the size of the public allocation of tokens while the true calculation of circulating supply is 527,873,733. All tracking websites are being asked to put the correct circulating supply.

How do I view ClearCoin (XCLR) in my wallet?

In the ClearCoin dashboard, you will be able to observe the balance in the right module.

How do I use XCLR on a decentralized platform like IDEX and ForkDelta?

When withdrawing from a decentralized platform like IDEX or Forkdelta, you may need to send less than the full amount. For example, if you are seeking to withdraw 100 XCLR, you should withdraw 99.99999999 XCLR instead of 100 XCLR. There are 8 decimal places so the previous example uses eight 9’s. The reason for not sending the full amount is an issue with the smart contract that cannot be patched (because smart contracts are immutable). Please email help@clearcoin.co if you need further assistance.

Are ClearCoins transferrable?

ClearCoin is a utility token to be used on the ClearCoin platform. The token can be transferred between ERC20 compatible wallets. Please click here for the list of supported wallets.


ClearCoin’s Whitepaper is embedded below.