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.
This is revision number 1, signed January 10, 2024 by rGZtWnFHz6bLVSrwGXvcThCKN4Tg92hvCL
Description: Galaxy Coin is a groundbreaking digital asset designed to merge the virtual and physical realms, offering crypto enthusiasts and collectors a novel experience. It challenges the conventional limits of digital art and narrative, embodying the transformative power of blockchain technology across various sectors. The acquisition of Galaxy Coin is facilitated through its availability on multiple exchanges, prominently on the XRP Ledger's Decentralized Exchange (DEX), and also on Bitrue and LBank, which are well-regarded in the cryptocurrency community. This accessibility is aimed at providing a frictionless and secure method for the community to invest in Galaxy Coin.
The essence of Galaxy Coin extends beyond the typical cryptocurrency; it serves as a portal to exclusive content and experiences. By trading Galaxy Coin on Xmart.art, an XRPL specialized platform, users gain access to a unique NFT collection. Each NFT is essentially a ticket to a 22-page comic book, offering an original storyline and characters designed to captivate readers. Furthermore, Galaxy Coin introduces an innovative concept with their 3D NFTs, which are tied to 3D print files, allowing owners to materialize their digital collectibles into physical forms. This concept signifies a commitment to expanding the horizons within the blockchain and NFT realms, fostering a community driven by innovation, inclusivity, and creativity
Unique selling points: What makes this token unique, compared to the broader landscape of tokens?
We have yet to see another project like Galaxy on the XRPL. You trade Galaxy Coins for 22-page full-color comic with a compelling story and long-term roadmap.
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?
Branding - We thought a Galaxy token would be great for our brand.
Whitepaper/sales material: https://galaxy-coins.com/whitepaper/
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://galaxycoins.org/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).
|January 10, 2024