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.
Project name: XList
Currency: XLIST (584C495354000000000000000000000000000000)
Issuing account: rNy8hFXoXEaJwkiT6U6ED5CWsfZHELNcnr
Distribution accounts: rNjomTGnd1fRWkJ5wUp2Gg82nQbkNABJno, r42c6rvZNnisGTr5WingWn7S2RKywpHQaM, rMphvymvVGy4fxEBwUSuGTJHsAK3JbvMYG, rwWUvS7iXyHdCvRwNqpWE9tkohkZevKTcA, rhA3iezA1ASHz8F7BYuKPzTTCFL1yF9Uy1, rL8VLZ6jjPxqxgJBpvmrujDgaGhxpZRicS, rnf8T9n1JGd9gAumcNk41Ai82YLwhcjJYe, raSqo1GTCudocjfN9fv2wvK6XAUj4TeTAf, rEpBA27khguh2UNounwVrTyC5YamAcYZHw
This is revision number 1, signed October 31, 2022 by rNjomTGnd1fRWkJ5wUp2Gg82nQbkNABJno
Description: XList provides a launchpad for cryptocurrency start-up projects and Unicorn projects by offering various services that help projects get listed on central exchanges for free. The main option for projects to get listed is through participation in the XList Vote where XList holders vote for their favourite project to win exchange listings. XList is also introducing listing grants & listing lotto's. XList have various fund raising strategies such as through a variety of services including the XList ETF Vault NFTs which are minted on the XDC network.
Unique selling points: What makes this token unique, compared to the broader landscape of tokens?
XList supports projects from multiple blockchains by paying their listing fees through a variety of services in including the XList Vote.
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?
The XList Token is used by the holders to vote for their favourite projects to win XList listings. The balance of XList in the holders wallet is taken into account when the voting process completes.
Whitepaper/sales material: https://www.xlist.one/whitepaper
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.
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.xlist.oneWebsite 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).
|October 31, 2022