This is a self-assessment, meaning, it is information that the issuer has written themselves. The XRP Ledger Foundation does not recommend or endorse any individual token. Read more.
Basic information
Project name: Valoreum
Currency: VAL (VAL)
Issuing account: rUVUYTKXH5KzDPTdziJts6XZBMRH4iWneH
Distribution accounts: rJMGdsMTm5SnLEU7W3udzL7HWC8Yhn7FeD
This is revision number 1, signed May 5, 2023 by rJMGdsMTm5SnLEU7W3udzL7HWC8Yhn7FeD
Description: Valoreum is a unique and innovative NFT marketplace for luxury assets that leverages the power of blockchain technology to provide an unparalleled level of security and transparency for its users. Our platform is dedicated to curating and featuring only the best luxury assets in the world, ensuring that our users are investing in assets that are authentic, of the highest quality, and have a proven track record of holding their value well over time. With Valoreum, owning a piece of history has never been easier.
Our asset-backed NFTs provide a seamless and user-friendly experience for buying, selling, and investing in luxury assets. Each NFT represents a specific asset, and the value of the NFT is backed by the underlying asset, providing a secure and transparent investment opportunity. And with our business models focusing on asset acquisition and curation, as well as exploring additional models such as asset financing and fractional ownership, Valoreum is poised to revolutionize the way the world views and invests in luxury assets. Join us on this exciting journey and be a part of the future of luxury asset investing.
Unique selling points: What makes this token unique, compared to the broader landscape of tokens?
Valoreum has several unique selling points that set it apart from other tokens in the broader landscape:
1. Asset-backed NFTs:
Valoreum's NFTs are backed by real-world assets, providing a secure and transparent investment opportunity. Each NFT represents a specific luxury asset, such as fine art or classic cars, and the value of the NFT is tied to the underlying asset.
2. Expert curation:
Valoreum's team of experts carefully selects each asset that is featured on the platform, ensuring that only the best and most valuable assets are available for investment.
3. Business models:
Valoreum's two-pronged business model focuses on asset acquisition and curation, while also exploring additional models such as asset financing and fractional ownership. This allows for a diverse range of investment opportunities for users.
4. Dedicated to luxury assets:
Valoreum is solely focused on luxury assets, providing a unique opportunity for investors to own a piece of history and invest in some of the most valuable and sought-after assets in the world.
5. Blockchain technology: Valoreum leverages the power of blockchain technology to provide an unparalleled level of security and transparency for its users, ensuring that their investments are protected and that transactions are secure.
Together, these unique selling points make Valoreum a one-of-a-kind token that offers investors a secure, transparent, and innovative way to invest in luxury assets.
Purpose: What is the reason for issuing a new token, rather than using an existing? What purpose does this token serve, that is not possible with the native XRP token or other already existing tokens?
Valoreum has issued a new token for several reasons:
1. Asset-backed NFTs:
Valoreum's NFTs are backed by real-world luxury assets, which requires a unique token that is specifically designed to represent ownership of these assets. This is not possible with native XRP tokens or other already existing tokens, which do not have this functionality.
2. Platform-specific functionality:
Valoreum's token is designed to work specifically with the Valoreum platform, allowing for seamless and secure transactions within the platform. This is not possible with other existing tokens, which may not be compatible with the Valoreum platform.
3. Token economics:
Valoreum's token is specifically designed to work within the Valoreum ecosystem, and its token economics are tailored to support the asset-backed NFTs and other features of the platform. This is not possible with other existing tokens, which may not have the same token economics or may not be designed for the same purposes.
Whitepaper/sales material: https://valoreum.notion.site/036f3d9c0945438093c2144d20bcf155?v=78b0f1043fc745598cc1e13825492806
The whitepaper includes concepts of how and when are the tokens created, total supply and if applicable the distribution models and total amount of allocation.
Risk reminder: The issuer has disclosed a warning or a reminder of the risks associated with crypto/tokens.
Bug bounty program: This is not applicable for this token.
Legal Entity
The self-assessment is made on behalf of a legal entity (for example the issuer is a general partnership, limited partnership, private limited company, public limited company, corporation, commercial association or other).
Website: https://valoreum.tech/
Website information: The website should disclose the following information:- Details of the legal entity: official name and registry code, company headquarters mailing address
- Contact information: e-mail and other contact information
- Core team members
- Whitepaper if available
The website contains relevant information.
Business plan: A business plan should entail:
- the amount of revenue and expenditure by area of activity
- obligations related to the issuing of the token
- the technical administration of the company
- operational strategy
- the intended activities related to the token
- general principles of risk management and strategy of risk management
- policy for the financing of activities.
The issuer has developed a business plan for the next 3 years.
Risk assessment: A risk assessment should include identification of, assessment of impact and likelihood and mitigation measures and status of implementation for applicable risk scenarios.
The issuer has conducted risk assessment and implemented risk management activities.
Internal policies: Critical internal policies are necessary to manage risks.
The issuer has adopted and implemented appropriate internal policies and procedures in the areas of information security, business continuity, risk management and accounting.
Legal requirements: Legal requirements may vary per country and project. It is the responsibility of the legal entity to ensure legal compliance.
The issuer has assessed whether and what legal requirements apply to the project (licenses, jurisdictions, anti-money laundering regulations etc).
Self-assessment revisions
| Revision | Date |
|---|---|
| Revision 1 | May 5, 2023 |