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 November 8, 2022 by rLkxWECfDSaTin8A3ssQdnUft1zPNvHo3M
Description: Focus FCX is a global community project and its future development depends on community‘s engagement. That’s why we choose the strongest one available in this space - XRP community.
It‘s the community that needs to show us the way of desired project development. Our vision for FCX is to become a Global Community Coin. Because our roots derive from xrp community, we are fully aware of what baggage the XRP holds. The FCX Global Community Token will be free of Ripple’s Escrow, Jed McCaleb wallet or SEC vs. Ripple case. All these factors above are affecting the price in a negative way.
FCX belongs in 100% to the global community. Our vision for FCX is close to the Satoshi’s vision. Peer to Peer asset for payments where the full control is in the community hands. With the best technology like XRP Ledger as a building foundation, the possibilities are endless.
The future development is in your hands.
The FCX Team
Unique selling points: What makes this token unique, compared to the broader landscape of tokens?
FCX token was created as IOU and distributed widely to the FCX community. This will be a utility token in our upcoming products like community multiplayer game and global community platform. FCX is not listed on CEX as we do not want the price manipulation, because we do not finance the development of the project from the sale of the token.
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?
We could not use existing tokens like XRP or any other token, because we wanted to build the global community and to give them their free token. FCX is free of market manipulation because the purpose of FCX token is not o earn money via some market speculations, this is the cause why we did not list FCX on any CEX. FCX will be widely used in our upcoming products like community game (to unite and mobilize the people) and also in the global community platform where the users will feel free to use FCX, XRP or any other token to use the advantages of the platform.
Whitepaper/sales material: https://www.globalfcx.com/whitepaper/
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 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://www.globalfcx.com/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).
|November 8, 2022