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: DuckiesFarm
Currency: Eggs (4567677300000000000000000000000000000000)
Issuing account: rHga71mCb7jNVJR2EGDMQmukRQdgLh4Kpq
Distribution accounts: rQHHBRGaM8gbnPgPiYMFXEGNxNWvFz4mX2
This is revision number 1, signed March 14, 2023 by rHga71mCb7jNVJR2EGDMQmukRQdgLh4Kpq
Description: ALL 10,000 $Duck can lay $Eggs - No other NFT can ever lay $Eggs.
Just 'Cage' your $Duck to start laying $Eggs. Bigger $Duck lays more $Eggs. Grow your $Duck with $Feed.
When the feature is complete, another NFT will be launched on duckies.farm as a new NFT which $Eggs will 'feed' to improve their own metadata stats, and produce their own tokens. This will cause increased deflationary pressure on the $Eggs, as the $Eggs is used for feeding and then burned.
Unique selling points: What makes this token unique, compared to the broader landscape of tokens?
There is no Hard-cap on $Eggs Because all $Duck lay $Eggs - forever. The Duckies ecosystem must continue to evolve & develop strategies to burn eggs to reduce supply inflation. However, we do not support buying back style which is not a good indicator of this problem. So, our method will always be the result of interaction with the duckies platform with some of the products we offer.
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?
In summary, a crypto token that represents the ownership of a duck farm is a digital asset that can be bought and sold on various digital asset marketplaces. It represents a share of the farm and its value fluctuates based on the performance of the farm. It can be used to raise funds for the farm, provide transparency and traceability in the farming operations and also represent ownership of the eggs.
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.
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.farmWebsite 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 14, 2023|