TeslaDoge April 6, 2024


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: TeslaDoge
Currency: TeslaDoge (5465736C61446F67650000000000000000000000)
Issuing account: rKucn7DryrFaq1KWsh49PQzqUhBG5wKApo
Distribution accounts: rEt457A6WSpybFYfPM1bJeJqBG4aEhP3qC

This is revision number 1, signed April 6, 2024 by rKucn7DryrFaq1KWsh49PQzqUhBG5wKApo

Description: Welcome to TeslaDoge, a pioneering memecoin crafted on the robust and scalable XRP Ledger, designed to blend the infectious charm of meme culture with the visionary spirit of technological innovation inspired by Elon Musk. In a world where cryptocurrency is often seen through the lens of speculation or investment, TeslaDoge stands out as a vibrant celebration of community, creativity, and the playful side of finance.

At its core, TeslaDoge is more than just a token; it's a movement towards democratizing cryptocurrency and making it accessible and enjoyable for a broader audience. With low transaction fees and a secure, decentralized network, TeslaDoge aims to facilitate not just transactions but a new form of digital expression and community-building. Whether it's used for tipping content creators, purchasing digital goods, or simply holding as a symbol of participation in a global digital revolution, TeslaDoge embodies the spirit of fun fused with utility.

Join us on this exciting journey as we propel TeslaDoge to new heights, leveraging the power of memes to create a token that's not only valuable but also brings a smile to the face of its community members. Together, let's push the boundaries of what a memecoin can achieve, making TeslaDoge a household name in the cryptocurrency space.

Unique selling points: What makes this token unique, compared to the broader landscape of tokens?

TeslaDoge distinguishes itself in the crypto space by offering holders exclusive access to lotteries with a chance to win everything from high-tech gadgets to unique experiences. Built on the efficient XRP Ledger, it combines the fun of meme culture with real utility, creating a vibrant community around the joy of winning and the thrill of participating in something genuinely innovative.

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?

TeslaDoge was conceived as more than just a new token on the blockchain; it's a unique cultural and technological bridge in the cryptocurrency ecosystem. While the native XRP token and other existing tokens serve their purposes in facilitating fast and secure transactions, TeslaDoge introduces an element of community engagement and cultural participation that is unparalleled. The token leverages the inherent strengths of the XRP Ledger for efficiency and scalability but goes a step further by embedding itself within the meme culture that has become a significant part of the digital asset conversation.

Unlike traditional tokens, TeslaDoge is designed to foster a sense of belonging and fun, creating a community-driven platform where participation is rewarded not just through financial gain but through interactive and engaging experiences. This approach taps into the zeitgeist of modern cryptocurrency enthusiasts who value both the social and financial aspects of their investments. By doing so, TeslaDoge fills a niche that existing tokens, focused more on utility than community, cannot—making it a pioneering force in blending the worlds of finance and entertainment on the blockchain.

Whitepaper/sales material: https://tesladoge.xyz/TeslaDogeWhitePaper_V1.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://tesladoge.xyz

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 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 1April 6, 2024