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.
Project name: Nerian Network
Currency: Nerian (4E657269616E0000000000000000000000000000)
Issuing account: rGEekk1PRyozC1ZEZCXL7EZcko4rrrETGh
Distribution accounts: rJ6Z8F36wqjfTRJBkm71ujvyoNSh8LSqAV, rGUWJzM7vrAEgTbRWziQ7G4aMjkbtKD4AL, rM5NqsFnKfqi57Wh4jcTFiS6wsKWqYZRuD
This is revision number 1, signed March 25, 2022 by rJ6Z8F36wqjfTRJBkm71ujvyoNSh8LSqAV
Description: Nerian Network is about data ownership. A platform accessible for applications to deploy in a data secure environment. One of the applications we build ourselves allows users to create their own digital profile in which they have control and are rewarded for their data being shared. This will be applied to an advertisement model that focuses on the user's intention rather than attention. Nerian is building its own infrastructure - with real physical servers - to be independent from conventional cloud services to ensure a data secure environment.
Unique selling points: What makes this token unique, compared to the broader landscape of tokens?
We are building real world infrastructure to deploy projects and applications on. The token will be put at the center for value exchange and given utility.
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?
The token is inherent to the project. This creates trust for users and clients of the projects, applications. They have an entity to turn to. Furthermore, there will be developments on the blockchain in the future.
Whitepaper/sales material: https://whitepaper.io/coin/ripple
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.
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: nerian.netWebsite 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 not 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 not conducted risk assessment and implemented risk management activities.
Internal policies: Critical internal policies are necessary to manage risks.
The issuer has not 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).
|Revision 1||March 25, 2022|