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.
Project name: staXP
Currency: staXP (7374615850000000000000000000000000000000)
Issuing account: r31fk3m9Q2ZLztxrVjwoqzBanwDip7bBdm
Distribution accounts: rJPLX5XNcrBwtaAf1YmRw1a1Vsd6aLgXWA, raqAHct4mED79zCPLri5QnpzsLH8UNkqFn
This is revision number 1, signed January 4, 2024 by raqAHct4mED79zCPLri5QnpzsLH8UNkqFn
Description: staXP is the long-term wealth creation counterpart to staX.
Unique selling points: What makes this token unique, compared to the broader landscape of tokens?
staXP is the long-term wealth creation counterpart to staX, 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_11eb2049cee24b829fe735d02b9c186d.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: 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).
|January 4, 2024