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.
Project name: ARNILLA STUDIOS
Currency: ATMT (41544D5400000000000000000000000000000000)
Issuing account: rPXFg78B1b4ZSisfdibXztT5kPmp5HTDXe
Distribution accounts: rn3YXengwPCHURJMVbRg3Q1AMmyMhzsuRE, rLHRUwH2PugSdJHHocJiEodyhz5u3jg4qQ, rnh23C8qr9hd48cUx4ntX8QXcQTC3Jf4tD, rseFhUfRKmNHsk66N4h5Vw29Q8KoxhaThc
This is revision number 1, signed June 5, 2022 by rn3YXengwPCHURJMVbRg3Q1AMmyMhzsuRE
Description: Arnilla Studios is an NFT brand established by the creators of the Arnies and XZillas NFT projects on the XRP Ledger.
The Arnilla Studios brand has been formed under the overarching objective of building a singular community which supports startup NFT projects, whilst rewarding our existing NFT holders through a number of utility plans.
NFT collections seeking to be associated with the Arnilla Studios brand will receive advisory services and guidance on establishing an NFT collection from the developers of XZillas and Arnies. This includes web design, marketing/sales strategy, utilising the XRP ledger, and (automated) minting.
In exchange for these services, new collections will be required to pledge a small number of their total NFT supply. 100% of pledged NFTs will be distributed to existing holders! Before Arnilla Studios enters into partnerships with new and emerging NFT collections, the developers and artists will be heavily vetted. The safety of our holders and the community is of paramount importance. A community hub will be created under a number of social media platforms (including Discord, Telegram and Twitter) where multiple NFT collections can co-exist. Partnering NFT collections will become moderators of the Arnilla Studios social media channels, whilst retaining full control of the direction of their projects.
Unique selling points: What makes this token unique, compared to the broader landscape of tokens?
The Arnilla Studios brand will feature its own native token called ATMT, which will be issued on the XRP Ledger with a supply of 60M. The token will provide passive yield and be distributed to NFT holders, for free, on a fortnightly basis! For each Arnilla Studios NFT you own (e.g. XZillas, Arnies), you will receive one ATMT per day. ATMT can be used to engage in the Arnilla Studios eco-system. In the future, we will seek to expand further by creating new NFT collections (e.g. Baby XZillas, Arnies Fusion). All current NFT holders will receive perks and early access to any future collections/projects under this brand.
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?
Merch: ATMT tokens can be redeemed for physical merchandise from the Arnilla Studios online Discord store (offered on an ad hoc basis).
NFT Auctions: An auction house will be set up under the Arnilla Studios brand where NFTs from associated collections will be auctioned for ATMT.
White Lists: Collections that seek to build their community under the Arnilla Studios brand will be required to gift a negotiated number of whitelist spots to holders of ATMT (threshold to be determined).
Voting: ATMT holders will be able to vote on the direction of the community project using ATMT tokens. For example, if you own 0.5% of ATMT, you will control 0.5% of the vote.
We will continue to review the utility of ATMT and may add additional perks and use cases as the brand grows.
Whitepaper/sales material: https://drive.google.com/file/d/1_Z4Z84xaPniuBGrjO2kxgRwKzlvye1Hu/view?usp=sharing
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.
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://www.arnillastudios.com/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).
|June 5, 2022