CCN / XBEAR NFTs November 19, 2022


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: CCN / XBEAR NFTs
Currency: CCN (CCN)
Issuing account: rG1bDjT25WyvPz757YC9NqdRKyz9ywF8e8
Distribution accounts: rEzza37GjHsctYj8XgzRZaXfxt9tC53xST

This is revision number 2, signed November 19, 2022 by rEzza37GjHsctYj8XgzRZaXfxt9tC53xST

Description: CollegeCoinNetwork
CollegeCoinNetwork is a community driven project seeking to educate younger generations on cryptocurrency and blockchain developments, with a key focus on the capabilities of the XRPL and NFTs (how to create, mint, transact etc). Educational initiatives will include tutorials/articles, Youtube videos, podcasts and community events.

XBear NFTs
CollegeCoinNetwork has released a one-off collection of 2000 XBear NFTs, minted on the XRP Ledger. XBear NFTs is one of the first original NFT collections launched on the XRPL (launched Oct-21). We expect the XRPL’s NFT functionality to experience huge growth given its low costs, large user base, scalability and network security.

Unique selling points: What makes this token unique, compared to the broader landscape of tokens?

CollegeCoinNetwork is a community-driven project with the objective of educating young people about blockchain technology and facilitating college-based transactions. Use CCN meme token to purchase books, misc goods and crowd-fund college parties! CCN operates on the XRPL and offers low transaction costs ($0.0001), instantaneous transfers (seconds) and anonymity. As we are community-oriented, there will be no Initial Coin Offering (ICO), with all coins in circulation being from FREE airdrops to CCN trustlines.

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?

Refer to White Paper

Whitepaper/sales material:

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 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 2November 19, 2022