Token Assessment Framework
The main objective of the token assessment framework is to achieve better transparency for investors and improve self-regulation of crypto entrepreneurs building and issuing tokens on the XRP Ledger.
All token issuers are invited to complete a self-assessment questionnaire, whereafter the information is publicly available for investors to research and make a personal quality assessments.
For token issuers it will later be possible to complete a verification and validation process with a third party auditor. Based on this, the foundation will publish an advisory list for inclusion of tokens by virtual asset service providers, XRP Ledger tool providers etc.
Complete the token issuer self-assessment questionnaire
The questionnaire will open in a new window (https://www.surveymonkey.com/r/K8FY5WL).
A PDF with all questions is available for download, to help prepare for the self-assessment.
Yes, any completed and signed self-assessment will be made public.
When the questionnaire is complete, you will be redirected to a page where you can sign the assessment with the issuer account or a distribution account using XUMM or a micropayment to “rrrrrrrrrrrrrrrrrrrrBZbvji”.
You can always submit a new self-assessment, that will be stored as the latest revision. However, any previously submitted assessment will remain available as well for full transparency.
Currently we only offer a self-assessment questionnaire for fungible token issuers. There will be made a similar framework for non-fungible tokens in due time, if native support is headed for the main net.
Until assessments are verified, they are self-assessments, meaning, it is information that the issuer has written themselves.
The information is signed cryptographically with an account belonging to the token (either the issuing account or a distribution account), however, this does not guarantee that the information submitted is correct.
No! The foundation does not recommend or endorse any individual token. When the verification and validation process is complete, we base any recommendations to virtual asset service providers and XRP Ledger tool providers based on that data alone.
Disclaimer: The Self-Assessment questionnaire is general in nature and should not be considered legal, consulting or any other professional advice. In all cases you should consult with professional advisors familiar with your factual situation for advice concerning specific matters before fulfilling the Self-Assessment questionnaire and submitting any documents. XRPLF assumes no responsibility or liability for any provided information in the Self-Assessment questionnaire and the results obtained from the provided information. In no event will XRPLF, its related partnerships or corporations, or the partners, agents or employees thereof be liable to you or anyone else for any decision made or action taken in reliance on the provided information and documents or for any consequential, special, or similar damages. The Self-Assessment questionnaire is not a certificate or warranty that guarantees the completeness, accuracy, transparency, reliability, suitability, and compliance of your activity. XRPLF reserve the right to remove published Self-Assessments.