Hada June 25, 2022


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: Hada
Currency: HADA (4841444100000000000000000000000000000000)
Issuing account: rsR5JSisuXsbipP6sGdKdz5agjxn8BhHUC
Distribution accounts: rwKgwydb7NRHNS8gVpG6QEP2tYqPhroYrK, rGoLdHQ7ujED1TMNPBJH9Ek6VJwU7Ns7kr

This is revision number 1, signed June 25, 2022 by rGoLdHQ7ujED1TMNPBJH9Ek6VJwU7Ns7kr

Description: **Our Mission** is to be a jurisdiction agnostic, self-governing, community driven and naturally evolving DAO.

**Our Vision** is to apply NFTs, smart contracts, web 3.0. and blockchain to the development of a modern organisational paradigm and investment strategy.

**Our Thinking** is to leverage the speed, reliability and cost effectiveness of the XRPL to revolutionise the standard corporate model.

**Our Solution** is to create an engaging DAO infrastructure for our community through a series of gamified Profile Picture NFTs.

Unique selling points: What makes this token unique, compared to the broader landscape of tokens?

HADA is the native currency and primary medium of exchange for the Hadaverse ecosystem. Hada will be used for the purchase of Premium NFT's and artwork from DAO artists. Hada is the gateway to the HadaDAO

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?

HADA has been issued for well over a year as both a learning token and is evolving into the primary gateway to the HadaDAO. Post consultation with our compliance partners highlighted the importance of the freeze trustline component of HADA as a control for mitigating AML breeches or nefarious market activity. This provides an added layer of confidence to consumers for the purchasing of high value NFT's via our boutique marketplace.

Whitepaper/sales material: https://ipfs.hadanft.com/ipfs/QmYSKKxLLBBhkCrCSG8Gx5bBPFKYt193EDATfkMxCZnJMm

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: The issuer does not have a bug bounty program.

Sovereign Entity

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).

Website: https://hadanft.com/

Website information: The website should disclose the following information:
  • Contact information: e-mail and other contact information
  • Core team members
  • Whitepaper if available

The website contains relevant information.

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 1June 25, 2022