Zerpaay October 23, 2023


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: Zerpaay
Currency: ZRPY (5A52505900000000000000000000000000000000)
Issuing account: rsxkrpsYaeTUdciSFJwvto7MKSrgGnvYvA
Distribution accounts: rEKr5XNuCztyNtEBv5GSBQuCnfMf5m4DoP, rU2jJQV7dAk6Q2VoexF7oigHLtCvymA3AQ, r4MZ1Ahm4neDAQfFork6et3aRPFXoH5XvW

This is revision number 1, signed October 23, 2023 by rU2jJQV7dAk6Q2VoexF7oigHLtCvymA3AQ

Description: Zerpaay Labs has introduced the ZRPY token on the XRPL, aiming to be the top memecoin there and draw more users to the XRPL. With a strong team and varied uses, ZRPY is all about community, teaching about XRPL, and fun activities in the made-up world of Zerpland.

The token will be key for special online courses, buying cool stuff, and getting ad spots in videos. To keep the token moving, all of the ZRPY earned will be destroyed.

In short, Zerpaay Labs is all in on the ZRPY token. While they start with ZRPY sales, they'll soon accept other big coins like BTC, ETH, BNB, USDT, and USDC, showing they're serious about the token and making things easy for everyone.

Unique selling points: What makes this token unique, compared to the broader landscape of tokens?

Pioneering Memecoin on the XRPL: The first and original memecoin to grace the XRPL ecosystem.

Endorsed by Community Veterans: Crafted and backed by esteemed and trusted original members of the community.

A Unifying Crypto Connector: Designed with the vision to serve as a nexus between diverse cryptocurrency communities.

Integration with L2E Platform: Set to play a pivotal role on the L2E platform, enhancing its utility and reach.

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?

It's about a beacon to attract other communities to the XRPL. This can't be done with an asset like XRP, which, despite itself, has a bad reputation in other communities. The goal of this memecoin is to bring other communities onto the XRPL without them even realizing it. Moreover, the memecoin movement is very strong, and having an asset designed as a meme is crucial. Additionally, our e-learning platform will use ZRPY for its L2E functionality, and for this, we need a liquidity pool to which we have access. To further grow the community, we regularly organize airdrops and giveaways; this wouldn't have been possible with an already established asset.

Whitepaper/sales material: https://www.zerpaay.com/woofpaper

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://www.zerpaay.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 1October 23, 2023