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: XRbitcoin
Currency: XRBitcoin (5852426974636F696E0000000000000000000000)
Issuing account: rnkUKwv2PJZrem1DecEzCHtnHUwDsEoZYi
Distribution accounts: rJDhkGe3jwkmvpKXyfQw1XPSoKhHeyECdm
This is revision number 1, signed April 26, 2022 by rJDhkGe3jwkmvpKXyfQw1XPSoKhHeyECdm
Description: Bitcoin is the most famous cryptocurrency on the planet. XRBitcoin is the premier Bitcoin on the XRP Ledger. This token unlike its counterpart made on the Bitcoin blockchain has lightning speed and near-zero transaction costs. The issuer account has been black holed (supply fixed)
Unique selling points: What makes this token unique, compared to the broader landscape of tokens?
- Has built in brand name recognition
- Much cheaper and faster to transact than Bitcoin
- Account is black holed; supply is fixed
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?
Bitcoin requires large transaction fees and transactions are slow. XRBitcoin is created on the XRPL; GREENER (gas fees), FASTER (3-5 second settlement) and STRONGER (XRP Army Community)
Whitepaper/sales material: na
The whitepaper does not include 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 not disclosed a warning or a reminder of the risks associated with crypto/tokens.
Bug bounty program: This is not applicable for this token.
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: na
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 does not contain 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 | April 26, 2022 |