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: Trump Coin
Currency: TRUMP (5452554D50000000000000000000000000000000)
Issuing account: rLnErD8JXMxqBzGNaHaykssai1vpB6YRUX
Distribution accounts: r4q6hwDgcJJZqU2ALjBrn3epCZJ6i9dxt6
This is revision number 1, signed July 5, 2024 by r4q6hwDgcJJZqU2ALjBrn3epCZJ6i9dxt6
Description: The Trump Coin ecosystem aims to provide an engaging experience for like
minded individuals who are excited about the future of our great nation and the
XRP Ledger. Welcome to the Trump Coin community, where we unite under the principles of economic innovation and our shared admiration for the 45th President of the United States, Donald J. Trump.
Unique selling points: What makes this token unique, compared to the broader landscape of tokens?
Trump Coin's roadmap is intricately crafted with a paramount focus on transparency and active participation, all within the framework of fostering a community built around unwavering support for Donald J. Trump.
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?
Trump Coin embraces economic principles while emphasizing patriotism. With a
capped supply of 45Bn, we prevent inflationary pressures, providing a secure
store of value. This scarcity underscores our commitment to the values of
patriotism and national pride, aligning seamlessly with President Trump's vision
for a strong and united America.
Whitepaper/sales material: https://trump45coin.com/wp-content/uploads/2024/06/Trump-Coin-White-Paper-v2.pdf
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://trump45coin.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 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 2 | July 5, 2024 |
| Revision 1 | July 5, 2024 |