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 March 14, 2022 by ra2SxNUfma5JRCJJwRNGpUQD6SRT1MCmi4
Description: Calorie Token is an XRP Ledger FinTech business focused on the worldwide food and beverage industry (F&B)
CalorieApp will be an application for everyone: the consumer, the producer, the seller and the
investor. One clear, interactive and user-friendly application that can be used throughout the
entire F&B industry. CalorieApp will be multifunctional and will have various functions and
options for every user and target group. Use the CalorieApp for all your transactions in the F&B
industry and keep track of your nutritional values and expenses at the same time
Unique selling points: What makes this token unique, compared to the broader landscape of tokens?
- A multifunctional app (CalorieApp) for consumers to pay in the F&B industry. Keep track of both calories and F&B expenses.
- Easily integrable payment applications and business tools for businesses in the F&B industry
We want to connect the Calorie blockchain to the CT database. (WEB3 when possible). A database in which
product information of beverage and food products is stored (for calorie/expenses tracking) and in inventory data for businesses in the F&B industry is stored.
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?
CalorieToken wants to be the first F&B token to be used throughout the entire F&B industry. We are building our app (CalorieApp) around our native token ($CAL). As of now there is no other F&B token that embodies our company's mission and vision.
XRP is and will be used for global remittances and banking, CAL is issued for the global F&B industry.
Whitepaper/sales material: https://calorietoken.net/wp-content/uploads/2022/01/CalorieToken-Whitepaper-V2.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 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://calorietoken.net/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).
|Revision 1||March 14, 2022|