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 2, signed November 27, 2023 by rPsHVmP792HjQ2ASNprfbY8ePMaFA7nhK8
Description: NiFTies represents a unique loyalty token within the XRPL NFT ecosystem, strategically designed to recognize and reward steadfast commitment within the community. Crafted for both xMals and other XRPL NFT holders, NiFTies employs a meticulous distribution model. xMals holders possessing a minimum of 5 NFTs are entitled to 1 million NiFTies per NFT, while other XRPL NFT holders with a portfolio of at least 5 NFTs receive a fixed allocation of 5 million NiFTies.
Distinguished by its commitment to formality, NiFTies stands as a loyalty token void of a predefined use case or guaranteed pricing. It serves as a symbol of appreciation, emphasizing our dedication to the XRPL NFT community. There are no promises of a guaranteed price, use case, or future predictions.
Unique selling points: What makes this token unique, compared to the broader landscape of tokens?
Exclusive Loyalty Focus: NiFTies is specifically crafted as a loyalty token, acknowledging and rewarding the commitment of XRPL NFT holders. Unlike utility tokens or those with broader use cases, NiFTies stands out for its focused purpose.
Tailored Distribution Model: The distribution model of NiFTies is intricately tailored for both xMals and other XRPL NFT holders. This nuanced approach ensures that loyalty is acknowledged in a granular manner, with specific allocations for different categories of NFT holders.
No Predefined Use Case or Price Guarantee: In a landscape where many tokens come with predefined use cases, NiFTies differentiates itself by not imposing any specific utility. This unique characteristic allows the community to determine the value and purpose of NiFTies over time.
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?
Introducing a new token provides the opportunity to establish a distinct identity for NiFTies, aligning it specifically with the project's loyalty-oriented goals. This clear branding can enhance its recognition within the XRPL NFT community.
There is no link to a whitepaper or sales material.
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 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://xmalverse.com/nifties/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 does not contain 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).
|November 27, 2023