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: xRUNE
Currency: xRUNE (7852554E45000000000000000000000000000000)
Issuing account: rDcWYiFug8jiqwfzaDokapsusMAx6nhrY5
Distribution accounts: r4PFv61pNJSVTpmfmNm3aegn4x9zkPpicx
This is revision number 1, signed April 21, 2024 by rDcWYiFug8jiqwfzaDokapsusMAx6nhrY5
Description: In the dynamic landscape of cryptocurrency, innovation often emerges as a response to the challenges faced by existing platforms. Bitcoin, as the pioneer of decentralized digital currency, has laid the groundwork for a transformative financial ecosystem. However, its high transaction fees and limited programmability have spurred the development of alternative protocols aimed at addressing these issues. RUNE, a protocol built on Bitcoin, offers a platform for token issuance, yet the quest for accessibility and community-driven governance persists. In response, xRUNE emerges as a memecoin alternative on the XRPL (XRP Ledger), leveraging the efficiency of XRPL while embodying the ethos of meme-based communities. With a total supply mirroring Bitcoin's at 21 million tokens, xRUNE seeks to foster inclusivity, decentralization, and creativity within the crypto space.
Unique selling points: What makes this token unique, compared to the broader landscape of tokens?
xRUNE represents a new frontier in the cryptocurrency landscape, offering a memecoin alternative on the XRPL that prioritizes decentralization, inclusivity, and community engagement. By harnessing the power of memes and the efficiency of XRPL, xRUNE seeks to redefine the way we interact with and perceive cryptocurrencies. Join us on this exciting journey as we build a decentralized ecosystem where creativity knows no bounds and everyone has a voice.
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 proliferation of cryptocurrencies has catalyzed a paradigm shift in finance, ushering in an era of decentralization, innovation, and financial sovereignty. Bitcoin, as the flagship cryptocurrency, has captured the imagination of millions worldwide, serving as a store of value and a symbol of resistance against centralized control. However, its scalability limitations and high transaction fees have hindered its utility for everyday transactions and token issuance. In response to these challenges, alternative protocols have emerged, each offering unique solutions to the evolving needs of the crypto community. RUNE stands as one such protocol, enabling token issuance on Bitcoin, yet the quest for a more accessible and community-oriented platform persists. Enter xRUNE, a memecoin alternative built on the XRPL, offering fast transactions, low fees, and community-driven governance. Inspired by the vibrant culture of meme-based communities, xRUNE aims to redefine the relationship between cryptocurrency and creativity, fostering a decentralized ecosystem where everyone has a voice.
Whitepaper/sales material: https://linktr.ee/xrune
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.
Sovereign Entity
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://linktr.ee/xrune
Website 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).
Self-assessment revisions
| Revision | Date |
|---|---|
| Revision 1 | April 21, 2024 |