XBOT CLUB October 29, 2023


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: XBOT CLUB
Currency: MEMORY (4D454D4F52590000000000000000000000000000)
Issuing account: rfTsfrviaNgJ1URQf4FVWjsr59ULr1FNgu
Distribution accounts: rnc3e18gseeDWX6kGYJw1kd9Bx4Y13yDgB, rP5vV7ivhZNA4k2sxrmSrD8Pkn3P8Wochw

This is revision number 1, signed October 29, 2023 by rnc3e18gseeDWX6kGYJw1kd9Bx4Y13yDgB

Description: Our genesis NFTs "XBOT" earn MEMORY tokens weekly from "soft-staking". Holders can then use these tokens to unlock various A.I. tools and applications on our web-based platform "Memory Labs". We currently have two applications, XBOT CHAT and XBOT IMAGE. These are our two starting apps powered by CHATGPT and DALL-E.
We will add more tools and apps as the platform grows.

Memory Labs is also the main hub for XBOT CLUB and MEMORY's ecosystem. With other content coming such as an mini-game arcade, loot boxes, trading bots and much much more users will have endless streams to use their MEMORY tokens.

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

Access to the only A.I. application Hub being built on the ledger.

Tokens are earned from a soft-staking script our developers created on our platform.

Going to be used by a select few projects.

We eventually plan to open up our A.I. platform to everyone on the ledger which will bring a lot more users of the platform and of course the token.

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?

We decided to issue a new token instead of using XRP solely because we as a project who love the XRP community didn't want to take any of the community's XRP. So we decided to create the XBOT NFTs and reward the holders weekly with MEMORY tokens for free.
One of our main goals with our A.I. platform Memory Labs was to make A.I. tools not only simple but CHEAP. The best way in our opinion to do this was issue our token MEMORY and reward our holders, for them to use to unlock the various functions.

Whitepaper/sales material: https://www.xbots.club/memory

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://www.xbots.club/

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 1October 29, 2023