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: TONE
Currency: TONE (544F4E4500000000000000000000000000000000)
Issuing account: rnjx3ZL9bTwRrwq6USdXheMCTS4LYLgNjh
Distribution accounts: rskQ14F6pnnMu6nGwUeUCanLmeyMwVAHD3
This is revision number 1, signed September 26, 2023 by rskQ14F6pnnMu6nGwUeUCanLmeyMwVAHD3
Description: TONE is a pioneering project dedicated to demystifying the world of XRPL, Xumm, and digital assets for everyday users. Our mission is to provide a hands-on, educational experience that simplifies the complexities of these technologies. TONE serves as your entry point, offering a step-by-step guide to understanding XRPL and the Xumm wallet. With TONE, you can explore, experiment, and gain confidence in the world of digital assets without the need for technical expertise. Whether you're a newcomer or a curious enthusiast, TONE is your companion on the journey to unravel the potential of XRPL and digital finance.
Unique selling points: What makes this token unique, compared to the broader landscape of tokens?
RLT FAUCET through TELEGRAM 1000 TONE PER DAY
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?
PURELY EDUCATIONAL BASED AND NO PURPOSE OTHER THAN TO BE USED BY USERS - INTRODUCE PEOPLE TO XUMM AND THE XRP LEDGER - instead of convincing someone to purchase tokens to get rich, or build a project.. we are convincing them to learn. Much different purpose.
Whitepaper/sales material: https://drive.google.com/file/d/1kSYtSV_zAbrz-HdauOaP2EgqX2i9jqbG/view
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.
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://sites.google.com/view/setthetone/tone
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 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 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 | September 26, 2023 |