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: Digital Corals
Currency: Salt (53616C7400000000000000000000000000000000)
Issuing account: rB4DZnd4viExcniFboRAkRXPCSNP33LAcZ
Distribution accounts: rDcoraL11kY7z2BoHEv6cEWhTGX65GNBFr
This is revision number 1, signed September 13, 2023 by rB4DZnd4viExcniFboRAkRXPCSNP33LAcZ
Description: Turning Coral into Tokenized Assets
Digital Corals, where we take charge of our own environment and cultivate real corals in controlled, artificial settings. By harnessing secure blockchain technology, Digital Corals generates a growing database of authentic tokenized coral assets, represented as NFTs, that are exclusively held by our Digital Coral Members in their personal digital wallets. Don’t just keep coral, become a member of Digital Coral’s impactful solution.
Unique selling points: What makes this token unique, compared to the broader landscape of tokens?
Ecosystem Token rewarding members depending on how much coral they own
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?
its a reward token, sent weekly to all members and for owning corals, used with our own ecosystem
Whitepaper/sales material: https://www.digitalcorals.com/white-paper/
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.
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.digitalcorals.com/
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 | Date |
|---|---|
| Revision 1 | September 13, 2023 |