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: Hog-X NFT
Currency: HOGX (484F475800000000000000000000000000000000)
Issuing account: rwM9XzFHdCxnpNFjanc4Sd3N96cz8ip5pQ
Distribution accounts: rM1S6KsZdgs35ikn1yUcq37urgQiCcmWWe
This is revision number 1, signed March 27, 2022 by rwM9XzFHdCxnpNFjanc4Sd3N96cz8ip5pQ
Description: HOGx is a collection of 5000 Cruel and Angry HOGs NFT – Unique Digital Memorabilia living on XRP Ledger. HOGx NFT stands-in for CAHs Club membership and provides an exclusive access to member only perks.
Unique selling points: What makes this token unique, compared to the broader landscape of tokens?
CAHs members would automatically become a portion HODLer for 100 Ultra Rare HOGx NFT planned to be issued in Q3-2022.
CAHs members would be entitled to event access to any one of the biggest Safari destinations of India & South Africa to explore the unexploited trails and natural horizons of forest and countryside.
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?
Holders of HOGx token get access to our 5000 unique HOGx NFTs along with opportunity to become the member of CAHs group.
Whitepaper/sales material: https://drive.google.com/uc?id=1CZ_i3f9EFuKmxn_TUNz3S-j__jYIeuMz&export=download
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.
Legal Entity
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: www.hog-x.com
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).
Self-assessment revisions
| Revision | Date |
|---|---|
| Revision 1 | March 27, 2022 |