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: CNY XUM Stable
Currency: CNY (CNY)
Issuing account: r9MDUnXQfdKkVrZgDxbPiXUSgvjTPh35dS
Distribution accounts: rsrAJb9UKhJCPtvM9wff9HdswMEwKZ6YCu
This is revision number 1, signed February 20, 2023 by rsrAJb9UKhJCPtvM9wff9HdswMEwKZ6YCu
Description: Modernize the traditional money.
To become the new money that is fast and efficient regardless where you are and what your social status is.
Unique selling points: What makes this token unique, compared to the broader landscape of tokens?
Using automated market rate scan to maintain stable coin price.
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?
Provide stable price for day to day transactions.
Whitepaper/sales material: https://worldmoney.io/about/stable
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 not 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: https://worldmoney.ioWebsite 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).
|Revision 1||February 20, 2023|