CryptoGadgetShop June 15, 2024


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: CryptoGadgetShop
Currency: CGS (CGS)
Issuing account: r4u6s2bVX7jBptVJcQ4n7RNNjjTZPzW3FW
Distribution accounts: rfxLyv2BM1umeiS8dPCrynpSriyUiNjsPY

This is revision number 1, signed June 15, 2024 by r4u6s2bVX7jBptVJcQ4n7RNNjjTZPzW3FW

Description: Creation of a blockchain-based online electronics store based on smart contracts. Buying electronics will be as profitable as possible for the end user, due to minimal staff and full automation of the sales process. Payment methods in various tokens will be provided for buying electronics for cryptocurrency. It will be possible to buy electronics with a discount of up to 50% for own tokens of the CGS project.

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

The CGS token allows you to pay for electronics in our online store at a discount.

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?

Developing a proprietary smart contract system for sales automation. Combining blockchains XRP, ETH, Sol.

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.

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 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 not assessed whether and what legal requirements apply to the project (licenses, jurisdictions, anti-money laundering regulations etc).

Self-assessment revisions
Revision 1June 15, 2024