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: DuckiesFarm
Currency: Duck (4475636B00000000000000000000000000000000)
Issuing account: rw5Nvt8tBXS3bCbGvJsLneXy9ekLh2pXkg
Distribution accounts: rQHHBRGaM8gbnPgPiYMFXEGNxNWvFz4mX2
This is revision number 1, signed March 14, 2023 by rw5Nvt8tBXS3bCbGvJsLneXy9ekLh2pXkg
Description: Duckies is a unique and innovative project that has the potential to revolutionize the duck farming industry through the use of NFTs and gaming technology. By providing a transparent and decentralized platform for duck farming, and by creating an immersive in-game experience, Duckies has the potential to attract a new generation of farmers and investors to the industry. Premier on XRPL, Duckies is a sustainably developed NFT and Game ecosystem built on our three native tokens. Duckies is designed to create a continuous cycle of value and liquidity growth.
Our unique 10,000 $Duck is created from multiple layers and generated algorithmically. It doesn't look bad, but it doesn't look good either.
Unique selling points: What makes this token unique, compared to the broader landscape of tokens?
This is no ordinary $Duck. Some $Duck are rare of their kind, most $Duck are like other $Duck, others have some defects with poor appearance. But one thing is for sure, all $Duck lay $Eggs. Not only are unique $Duck NFTs collectable, they also generate $Eggs. Lay $Eggs forever. The rate at which they lay $Eggs depends on their size, measured in Kilograms. $Duck default weight is 1 kg.
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?
This NFT upgrade system can create an economy in the ecosystem, where users can buy and sell ducks of different abilities and rarities. This also creates an incentive for users to interact and engage with the ecosystem, as they can upgrade their ducks to make them more valuable.
Whitepaper/sales material: https://whitepaper.duckies.farm
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://duckies.farm
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 | March 14, 2023 |