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: xrkangal
Currency: XRKangal (58524B616E67616C000000000000000000000000)
Issuing account: r6QbcLz5gvUAx6KV2BNJbRVFKo1fVswqM
Distribution accounts: rJDhkGe3jwkmvpKXyfQw1XPSoKhHeyECdm
This is revision number 1, signed April 23, 2022 by rJDhkGe3jwkmvpKXyfQw1XPSoKhHeyECdm
Description: Kangal is one of the most famous meme coins on the planet. XRKangal is the premier Kangal meme coin on the XRP Ledger. This meme token unlike its counterpart made on the Etherium 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 most meme coins
- Account is black holed; supply is fixed
- We believe that the future will have bitcoin seasons (typically every 4 years) every season will have an alt season and part of every alt season will have a meme coin season
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 meme coins have been created on the etherium blockchain, which requires large transaction fees and are slow. We wanted to create meme coins that were GREENER (gas fees), FASTER (3-5 second settlement) and STRONGER (XRP Army).
Whitepaper/sales material: https://www.xrkangal.com/_files/ugd/970314_c1fd5efe5b0d462998fb3b38bed9bfde.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 not 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 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://www.xrkangal.com/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).
|Revision 1||April 23, 2022|