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.
This is revision number 1, signed April 29, 2022 by rJDhkGe3jwkmvpKXyfQw1XPSoKhHeyECdm
Description: The code XRP is not the standard used as of this moment for meme coins and NFTs, but there is a strong possibility that in the future on the XRPL it will be. Crypto and memes are still relatively new, and it makes sense that future projects on the XRPL will have XRP as part of their branding.
BabyDoge is one of the most famous meme coins on the planet. XRPBabyDoge is aiming to be a premier NFT meme coin on the XRP Ledger. This 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 we believe will have a meme coin / NFT 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 and NFT’s have been created on the etherium blockchain, which requires large transaction fees and are slow. We believe XRPL meme coins and XRPL NFTs are GREENER (gas fees), FASTER (3-5 second settlement) and STRONGER (XRP Army Community)
Whitepaper/sales material: na
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 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: naWebsite 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).
|Revision 1||April 29, 2022|