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: XSQUAD
Currency: XSQUAD ( 5853515541440000000000000000000000000000)
Issuing account: roBYiFtZsTRpWEUw6TtpUCwZCfjcQeRBg
Distribution accounts: rDLPDG8pNpXsk4xFxHApHd83W7nKUAvfzf, rLxHevhpVpbz9KNk6sQiXsh2ue8vJVKTXD
This is revision number 1, signed March 16, 2022 by rLxHevhpVpbz9KNk6sQiXsh2ue8vJVKTXD
Description: XSQUAD is a token used for legitimising voting for project promotions, and donations to educate new persons using the XRPL with rewards. The token is affiliated with DPMonks Finance and will be available later as another currency to buy and sell NFTs on their exchange and GAMEFI in 2023.
Unique selling points: What makes this token unique, compared to the broader landscape of tokens?
XSQUAD is initially to be used for tipping to promote other projects with a strong fundamental background of success to assist IDENTIFYING for new people coming to market and deliver value through education of what they provide.
Through project applications by DPMonks finance the token later has a role to be used for specific utilising exchanges of value related to game finance.
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 XSQUAD token has a unique rewards role in puzzles illustrated in NFTs that would not be possible to achieve with XRP Due to the large supply. Also there are NFT rewards later related to augmented reality gaming that would be too wide of a distribution using the XRP token.
Whitepaper/sales material: https://drive.google.com/file/d/14W0WvQT5IZwxFjc7x2q_ZOw0211SKFvC/view
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: https://xsquadnft.io/
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
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