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: XQUACKS
Currency: XQUACKS (58515541434B5300000000000000000000000000)
Issuing account: rH44U1FMggcdtVEWjoZaZ7zNdrLERe47Ln
Distribution accounts: rsEjS9MLzysqNfJ6UhjVozuD5ApuBHjeD9
This is revision number 1, signed January 14, 2024 by rsEjS9MLzysqNfJ6UhjVozuD5ApuBHjeD9
Description: The XQUACKS teams mission is to be part of the evergrowing meme coin innovation on the XRPL.
Our goal is for XQUACKS to add additional spaces and communities where holders can hangout and have a good laugh or two about memes.
Unique selling points: What makes this token unique, compared to the broader landscape of tokens?
- Much cheaper and faster to transact then most memecoins
- Meme coin of a quality that stands out from the crowd
- We strongly believe that XQUACKS on XRPL
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 most popular memecoins on other blockchains like Doge and Pepe, require large transaction fees and are slow.
We wanted to do memecoins more efficiently on the xrpl because of low gas fees, FASTER (3-5 second settlement) and having a strong community.
Whitepaper/sales material: https://docs.google.com/document/d/e/2PACX-1vQzfJ0OUOeMirCxN3oQKmqkRcMxhO6pmTwjahWcp1KtLM2yZmbSDW01YtK-W8RtjT88_nFQcEvTp0gi/pub
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: The issuer does not have a bug bounty program.
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://xquackcoin.wixsite.com/xquacks
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 | January 14, 2024 |