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: Money Minded Apes
Currency: mula (6D756C6100000000000000000000000000000000)
Issuing account: rMULA5hkZqsu7545NPnJZfu5ghKxuRbCro
Distribution accounts: rJkJAujK2W4Kzrz9JEWtcXHcTt7iTaJ2f2, rDDPTdg9exZGybHcBjHWNeA2vw8scpiiCX, rJDbbrHXLbU86VbxknbiRzgD3UXuah7yYj, rMULA5hkZqsu7545NPnJZfu5ghKxuRbCro, rMYmma64idd8Wq3HgH7iqiBuUdHLhQYuY4, r44MoneyvZgUo8wEidp6NXcghkZ8YVMdkB, r96PmoneyE1PVKPEtqXCqD3ntCZi6HWB2y, r3c4wuWCN95ahyERjbzNxYKAPyAN2MonEy
This is revision number 2, signed January 10, 2024 by rMYmma64idd8Wq3HgH7iqiBuUdHLhQYuY4
Description: Money Minded Apes is revolutionizing the NFT space on the XRPL with our unique, non-derivative digital art collections. We're more than just another NFT project; we're a community-driven platform where creativity meets blockchain technology. Our exclusive NFTs are not just stunning works of art, but also offer real benefits like staking rewards in $mula and $xrp. We're committed to providing a diverse, inclusive space for blockchain enthusiasts, artists, and investors to thrive. Join us in redefining the NFT experience, where each token is a step into a future of innovation, community, and financial empowerment.
Unique selling points: What makes this token unique, compared to the broader landscape of tokens?
"$mula stands out in the crowded cryptocurrency space due to its specific integration and alignment with the Money Minded Apes ecosystem on the XRPL. What sets $mula apart is its deep connection with our exclusive and non-derivative NFT collections. Unlike generic cryptocurrencies, $mula is designed to directly enhance the NFT experience for our community members, offering them unique benefits and rewards. Holders of $mula can enjoy specialized staking options, exclusive access to community events, and potential rewards, all of which are intricately linked to our unique NFT collections. This integration ensures that $mula is not just a token of transaction, but a token of community engagement and participation, fostering a sense of belonging and incentivizing active involvement in the Money Minded Apes ecosystem. Furthermore, the creation of $mula reflects our commitment to innovation and providing value to our members, distinguishing it from other tokens which may not offer such direct, community-focused utilities.
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?
$mula is designed to intertwine specifically with our NFT collections, providing bespoke benefits and utilities that align with our community-centric vision. This includes exclusive access to rewards, staking options, and community events tailored to our NFT holders. Unlike the broader use case of XRP, which focuses on efficient global transactions, $mula is crafted to serve as a cornerstone of the Money Minded Apes ecosystem, fostering a sense of belonging and incentivizing participation in a way that aligns closely with our brand's ethos and the specific needs of our community.
Whitepaper/sales material: https://wp_mma.ar-io.dev
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://moneymindedapes.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 | January 10, 2024 |
| Revision 1 | January 10, 2024 |