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: SENIACOIN
Currency: SENIACOIN (53454E4941434F494E0000000000000000000000)
Issuing account: rpoHuxKPrqTfkH7L4cQwtNRKZzszWG6uyZ
Distribution accounts: rMLMK3i2MoASCszVQHDaSsMmZ7iszFKKWK
This is revision number 1, signed March 14, 2022 by rMLMK3i2MoASCszVQHDaSsMmZ7iszFKKWK
Description: Collectible NFT card game Ridworld®.
The issuer main tokens are the Ridworld NFT tokens. But secondarily, and regarding this questionaire, the issuer minted in the past the token SENIACOIN as the tokenization of our experience through Riddlerworld all these years and it's a gift to the follwers and a memory of that period regarding Enigma avatar.
Unique selling points: What makes this token unique, compared to the broader landscape of tokens?
As the purpose is being a memory related to Enigma's avatar the fact it's minted by Enigma gives it its uniqueness.
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?
Because the value that is created given the previous definitions derives from the character Enigma in the context of Ridworld. This value is just created if the token is minted by the character, not from another source, so no other token on the XRPL can't offer that because the character didn't mint them.
Whitepaper/sales material: There's no withepaper for SENIACION, there is just the main tokens project (NFTs) explained on the www.ridworld.com website
The whitepaper does not include 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: https://www.ridworld.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 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 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 14, 2022 |