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

Currency: xAPY (0000000000000000000000000000000078415059)
Issuing account: rJ6QiRkfquhde1GBc8WbiRvpGi56LE8BPk

This is revision number 1, signed April 7, 2024 by rJ6QiRkfquhde1GBc8WbiRvpGi56LE8BPk

Description: xAPY is a token on XRPL with a function of reward system

Unique selling points: What makes this token unique, compared to the broader landscape of tokens?

xAPY reward system will change constantly in order to preserve the market!
Option to intereact with other XRPL Tokens
Every project has an opportunity to promote their project with us
xAPY-xrpl.com will have its own token xAPY.
Used to bring rewards or/and interact with future investments.
xAPY token can be exchanged through XUMM/XAMAN.
Total supply of 1 Billion xAPY tokens.

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?

xAPY-xrpl.com will have its own token xAPY. Used to bring rewards or/and interact with future investments.

Whitepaper/sales material: https://xapy-xrpl.com/wp-content/uploads/2024/04/XAPY-Whitepaper-1.1..pdf

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.

Sovereign Entity

The self-assessment is made by a soverign entity (i.e. not a legal entity, such as a general partnership, limited partnership, private limited company, public limited company, corporation, commercial association or other).

Website: https://xapy-xrpl.com

Website information: The website should disclose the following information:
  • Contact information: e-mail and other contact information
  • Core team members
  • Whitepaper if available

The website contains relevant information.

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 1April 7, 2024