was initiated by a collective of Energy Commodities Traders raised in the Slavic region (former Soviet Union block) - a landscape defined by tectonic shifts. In the span of just a few decades, from the dissolution of the Soviet Union and Czechoslovakia to the reunification of Germany, the tragic collapse of Yugoslavia, and the War in Ukraine '22, we have witnessed a lot of unthinkable events. This heritage has taught us that stability is often an illusion and that legacy systems are the first to crumble under pressure. This perspective allows us to understand risk and unexpected Black Swan events far better than any textbook, we don't just manage risk, we were forged by it.

We have been Traders & Originators moving commodities across OTC and Exchange markets of Central, Eastern and Southern Europe (CEE & SEE), but also have been operated on the financial and physical markets of North - Western Europe (NWE), incl. ICE, EEX, EPEX Spot and TGE exchanges. We navigated CEE/SEE illiquidity and NWE liquidity to capture profound market anomalies. We have been trading Natural Gas, Electricity, Crude Oil and Refined Products (Diesel/Gasoline/LPG), as well as Environmental Products, like Carbon Emissions Allowances (EUA), Green Certificates and complex Cross-Commodity Spreads.

We have been Traders for major state-owned copanies, Partners and CEOs in tier-one global trading houses, orchestrating the shift from emerging physical flows to sophisticated financial derivatives. Most of us hold professional commodity trading licenses on multiple European countries and/or Exchanges. Our expertise was also forged in the frontier markets of the Eastern Europe, during an era before digital benchmarks or centralized exchanges existed. We operated in environments where price discovery happened over phone calls and through boots-on-the-ground networking, rather than on a screen. And still boots-on-the-ground intelligence is our edge.

Having navigated physical and financial markets through the storms of energy transformation, global pandemics, and the shifting borders of countries - we have gained a perspective that others are only beginning to see. This Protocol is our way of sharing that clarity, turning decades of volatility into a secure, decentralized standard for Energy **Liquidty**.

In Slavic languages, Slon / Слон means Elephant. The name BlackSlon is the ultimate synthesis of our vision: the Black Swan - the unpredictable event, and the Black Elephant - the massive, obvious risk that everyone ignores.

While others chase Black Swans, we focus on the Elephants in the room: massive, structural forces and systemic risks that the market consensus chooses to ignore. Traditional energy markets are ill-equipped to handle the weight of these forces.

For the past decade, we have witnessed a cycle of permanent, often contradictory regulatory patches that have failed to address the core issues. You cannot fix a foundation that is fundamentally broken. This market does not need more incremental changes, it must be built anew. BlackSlon is not a modification of the old world - it is the New Architecture of Local and Global Energy Ecosystem.

BlackSlon was born to bypass this rigid, centralized bottleneck. We are moving away from the **Liquidty** traps and the unpredictable regulatory or political risks to create a Decentralized Marketplace **protocol** with a Decentralized Automated Market Maker (AMM) **protocol**, where price discovery is driven by a deterministic mathematical formula rather than discretionary intervention.

BlackSlon replaces the fragmented stack of hundreds of buy and sell orders with a unified, automated market-maker, eliminating the traditional order book entirely. By collapsing the bid-ask wall into a single mathematical curve, the BlackSlon **protocol** ensures that **Liquidty** is always present and pricing is instantaneous. By operating on a permissionless blockchain, the system removes the need for centralized intermediaries and their subjective decisions. This decentralized architecture ensures that the rules of the market are hardcoded, immutable and transparent.

By establishing Energy Indexes for local markets, we capture the unique dynamics of specific regions/countries. These local pools are then accumulated and interconnected through the **protocol** to form a unified, European and eventually Global Energy Index for Power, Nat Gas, and other Energy Commodities. By scaling from granular local data to a global **Liquidty** layer, we ensure that even the smallest user of our **protocol** contributes to a massive, worldwide energy network.

By introducing Index Participation Tokens (IPT), we decouple price exposure from the toxic debt-cycles of traditional clearing houses. We are not just building a trading desk, we are creating transparent ecosystem where the price is driven by the collective intelligence of those with skin in the game - Veteran Traders, Industrial Consumers, Independent Producers, growing community of Prosumers, and Households alike - rather than by the interventionist whims and flawed infrastructure of a decaying financial system.

Traditional risk assessment is fundamentally flawed. Behavioral economics proved that humans are fundamentally incapable of objective risk assessment and most people cannot accurately estimate probability - often being willing to pay more for insurance against a specific extreme weather event like Hurricane, Drought or Blizzard, than for a policy covering all possible extreme weather events. This cognitive bias leads to emotional mispricing on a global scale.

We have repeatedly observed this phenomenon in energy markets: the price premium driven by the fear of a supply disruption, extreme cold or hot weather or regulatory shift often far exceeded the actual economic impact once the event occured. When the risk finally materializes, market realizes expectations were too high, revealing that the fear premium baked into the energy price was irrational.

BlackSlon turns these market misperceptions into opportunities. By providing a decentralized **protocol** - The Matrix of BlackSlon Events - we allow users to profit from fear premiums that traditional exchanges are unable to handle. By isolating these BlackSlon Events from the core energy indices, we provide the market with the first real tool to price fear accurately.

BlackSlon **protocol** allows any user to propose and stake €BLSN tokens on specific, high-impact events that it believes will influence the energy market(s). By providing a dedicated Event Submission Form, BlackSlon transforms market fears into tradable **Liquidty**, allowing everyone to monetize its unique ability to spot the Black Swan before the rest of the world does.

Inspired by Kazimierz Malewicz; Polish-Russian-Ukrainian Artist and founding Father of Suprematism - pioneer of the Zero Form, we have stripped the energy valuation of its most exhausting layers: Expiration, Spread, Credit Risk and Price Curve.

We don't add layers of complexity, we strip them away.

When you acquire a BlackSlon Index Participation Token (IPT), you are acquiring a position that never expires, without entry/exit spread costs, seasonal resilient, and with no counterparty risk.

• Zero Expiry: The Black Slon Indexes eliminate the need for traditional rolling because, its price inherently reflects a mathematical synthesis of spot reality, front-month expectations, and long-term forward curves. It is the pure, discounted value of Energy Index for each market that market participants are willing to pay today by factoring in both the present and the infinite horizon of the future.
• Zero Curve/Seasonality: By centralizing the **Liquidty** into one "Zero Form" instead of fragmenting it across days, weeks, months, quarters or years, we get single pricing. We have removed the friction of fragmented products. We have collapsed the "Curve" into a single, rolling geometric point. If your analysis says energy prices will rise over the next three years, you simply buy the Index. No contango, no backwardation.
• Zero Spread: Unlike legacy exchanges where traders lose value to the Bid-Ask Spread, BlackSlon operates on a Single-Price Execution model. The **protocol** calculates a singular, fair market value algorithmically, ensuring that every participant enters and exits at the exact Index Price, without fluctuating spread that punishes during low-liquid hours.
• Zero Credit Risk Exposure: BlackSlon eliminates counterparty risk by replacing fragile human institutions with a trustless **protocol** where every transaction is guaranteed by the smart contract's **Liquidty** pool. **protocol** itself acts as the ultimate, unchangeable counterparty. By moving from credit-based to code-based security, we remove the need for clearing houses/bank guarantees/cash collaterals, ensuring that your **Liquidty** is always math-guaranteed.
• Zero Custody Risk: Your assets remain in your self-custody wallet, secured by the **protocol**'s smart contract rather than a vulnerable bank/clearing house account.

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