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: ELON
Currency: ELON (454C4F4E00000000000000000000000000000000)
Issuing account: r3FurrWM3rNz6jZLD9PnFuaYuc8TRpo9GY
Distribution accounts: rnLXyxkZCDJLrexzZ8b4DunQf8GwQeEEN5
This is revision number 1, signed May 5, 2022 by rnLXyxkZCDJLrexzZ8b4DunQf8GwQeEEN5
Description: ELON is the most famous cryptocurrency on the planet. ELON has been created on the XRP Ledger. This token unlike its counterpart made on the Etherium blockchain has lightning speed and near-zero transaction costs. The issuer account has been black holed (supply fixed)
Unique selling points: What makes this token unique, compared to the broader landscape of tokens?
- Has built in brand name recognition
- Account is black holed; supply is fixed
- Much cheaper and faster to transact than most meme coins
- We believe that the future will have bitcoin seasons (typically every 4 years) every season will have an alt season and part of every alt season we believe will have a meme coin season
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?
The most popular meme coins and NFT’s have been created on the etherium blockchain, which requires large transaction fees and are slow. We believe XRPL meme coins and XRPL NFTs are GREENER (gas fees), FASTER (3-5 second settlement) and STRONGER (XRP Army Community)
There is no link to a whitepaper or sales material.
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 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).
The issuer does not have a website.
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).
|Revision 1||May 5, 2022|