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 November 21, 2023 by rPoYd7PgpNkPyhmquUd8MzwHmJSy8nrHVV
Description: The aim of staX is to become an alternative to universal basic income(UBI), for a community dedicated to the responsible governance of their own money supply.
Unique selling points: What makes this token unique, compared to the broader landscape of tokens?
The staX ecosystem is a sustainable hedge against CBDC's and government mandated UBI's (Universal Basic Income), anchored in the digital asset, XRP.
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 staX ecosystem can't claim voting rights on the metrics on an existing system. Because the pool backing staXP is gifted to staX holders, the system will only work if the liquidity pool is in the hands of the community from the start.
Whitepaper/sales material: https://www.589stax.com/_files/ugd/03e9e8_78f54e15773f47d0a504f06c9a14d7d1.pdf
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: https://www.589stax.comWebsite information: The website should disclose the following information:
- Contact information: e-mail and other contact information
- Core team members
- Whitepaper if available
The website contains 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||November 21, 2023|