HADALITE 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: HADALITE
Currency: HADALITE (484144414C495445000000000000000000000000)
Issuing account: rHiPGSMBbzDGpoTPmk2dXaTk12ZV1pLVCZ
Distribution accounts: rwKgwydb7NRHNS8gVpG6QEP2tYqPhroYrK, rGoLdHQ7ujED1TMNPBJH9Ek6VJwU7Ns7kr

This is revision number 1, signed June 25, 2022 by rwKgwydb7NRHNS8gVpG6QEP2tYqPhroYrK

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?

HADALITE is the NFT minting and governance token of the Hadaverse ecosystem. It will be used to mint NFT's via our platform, the cost of which is inversely correlated to your DAO Power. HADALITE will also be used by the Council of Hadas to maintain the governance of our ecosystem in a Proof-of-Burn mechanism with each governance decision recorded in the HADALITE blackhole wallet.

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?

HADALITE was issued in May 2021 in order to learn the XRPL. HADALITE will now form the basis for the governance of the Council of Hada via a Proof-of-destruction voting mechanism with all vote results and DAO governance decisions recorded in the HADALITE blackhole wallet.

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