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: Embers
Currency: EMBRS (454D425253000000000000000000000000000000)
Issuing account: rPbKMFvHbdEGBog98UjZXRdUx37MFKMfxB
Distribution accounts: rGDaEAuTDrbecX3RHvWtNGPJ3vsghuHn4, r36AuN7zM1BP6v7MzfStXSipuvcvbhGRNf
This is revision number 1, signed March 22, 2022 by rGDaEAuTDrbecX3RHvWtNGPJ3vsghuHn4
Description: Embers (EMBRS) is a platform and a token on the XRP Ledger. As a platform, game studios can easily register to add a Play-To-Earn mechanism within their games with minimal changes required. This opens up new features and opportunities for their communities.
As a token, players are rewarded Embers within Emberlight: Rekindled (currently in development) as well as any other game in the platform. Embers can then be traded on the XRP Ledger’s Decentralized Exchange (DEX) as well as used as a currency within supported games (such as gaining access to future games, DLC, etc.). We will look to continually expand the use cases of Embers over time.
Unique selling points: What makes this token unique, compared to the broader landscape of tokens?
The video game industry is ever growing. It has overtaken all others in the entertainment world, and has no signs of
stopping. This has led to players expecting new ways to experience gaming (such as seen in the blossoming world of virtual reality), and developers to present these
Generally earning a living within the gaming industry revolves around e-sports, streaming, or working in the industry itself. And while the sales of in-game currencies
and items has been a staple for some time, it has not been truly embraced by most game studios.
Blockchain has changed this paradigm. Between tokens that can be rewarded to players, and the explosive growth of NFTs giving true value to in-game items, a developer can present new experiences that allow their players to earn while playing their games.
Quarter Onion Games looks to be a pioneer in this new paradigm. With our XRP Ledger-based platform, Embers
(launched in February 2022), coupled with our game Emberlight: Rekindled, we can prove that this technology can be just as important in games as any other feature for both the player and the developers.
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?
By issuing EMBRS, we look to have a token whose identity is solely gaming and that caters initially towards Play-To-Earn mechanics within the gaming industry. While nothing inherently holds back the usage of XRP within the EMBRS platform, XRP is a catch-all for a great many use cases across the ever growing ecosystem. Overall, we felt by having a specialized token for gaming, it can be better positioned towards our target markets.
Whitepaper/sales material: https://emberlight.quarteroniongames.com/wp-content/uploads/sites/5/2022/02/EmbersWhitepaperV1-1.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.
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.quarteroniongames.comWebsite 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).
|Revision 1||March 22, 2022|