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: RippleReefs
Currency: XReefs (5852656566730000000000000000000000000000)
Issuing account: rN1fBKQdLRcMUG8VCDihKPqmTgBfgSu4rm
Distribution accounts: rQfsYPVWPmyuspztiXqd1aNHGqSXc4yDws
This is revision number 2, signed September 11, 2022 by rQfsYPVWPmyuspztiXqd1aNHGqSXc4yDws
Description: The RippleReefs project features a 10,000 piece NFT collection composed of eight unique sub-collections. Each collection will directly enable the community to support conservation efforts for our oceans and marine-life. By partnering with conservation agencies from around the world, RippleReefs will provide fun, interactive, and educational experiences to the XRPL. Our community can look forward to conservation-funding NFT collections, P2E gaming incentivizing global recycling, metaverse aquariums, and most of all: helping to keep our
oceans and marine-life in better health.
Unique selling points: What makes this token unique, compared to the broader landscape of tokens?
Our collection fuels marine-life conservation with 37.5% primary and secondary sales being donated to these efforts.
We are also building out systems that utilize the XRPL which benefit marine-life.
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?
To redeem a RippleReefs NFT 1:1
Whitepaper/sales material: https://ripplereefs.com/whitepaper_v2/
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.
Legal Entity
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: www.RippleReefs.com
Website 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).
Self-assessment revisions
| Revision | Date |
|---|---|
| Revision 2 | September 11, 2022 |
| Revision 1 | September 11, 2022 |