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: IslandXchange
Currency: IXC (IXC)
Issuing account: rJBUybW3ng7nrnbT4X9iyieXRuFXct3Q3j
Distribution accounts: rKMHmjqc7KVRHBzgCjpnmDcWtMbSkgF8JN
This is revision number 1, signed September 5, 2023 by rJBUybW3ng7nrnbT4X9iyieXRuFXct3Q3j
Description: IslandXchange Token (IXC) is the key to unlocking the exclusive world of island ownership and investment. IXC leverages blockchain technology, specifically the XRP Ledger, to revolutionize the way we buy, sell, and trade privately owned islands. It's not just a token; it's your passport to paradise.
IXC enables fractional ownership, making island ownership accessible to a broader audience. Whether you're dreaming of your private retreat, a thriving resort, or a smart investment, IXC is your gateway. It's a secure, transparent, and efficient medium for island transactions, ensuring the integrity of ownership records through the blockchain technology.
Join us in reshaping the island ownership landscape. With IXC, the power to own, trade, and invest in islands is in your hands. It's time to turn your island dreams into reality.
Unique selling points: What makes this token unique, compared to the broader landscape of tokens?
IslandXchange Token (IXC) stands out in the world of tokens with its unique selling points:
Island Ownership Access: IXC is your exclusive ticket to the world of privately owned islands. While many tokens focus on financial assets or digital collectibles, IXC unlocks the tangible and highly coveted asset of island ownership. It broadens the horizons of token utility by bridging the virtual and real worlds.
Fractional Ownership: IXC pioneers fractional ownership in the island market. This innovative feature democratizes island ownership, allowing multiple investors to collectively own and manage islands. It's a revolutionary approach, making IXC a trailblazer in the tokenization of real-world assets.
Blockchain Security: Leveraging the XRP Ledger, IXC offers top-notch security and transparency. Blockchain technology ensures that island ownership records are tamper-proof and immutable, eliminating fraud and disputes. It's a level of security that's unparalleled in traditional island transactions.
Income Generation: IXC isn't just about ownership; it's a versatile asset that empowers you to generate income from your island. By renting or leasing your island, you can transform it into a revenue-generating asset, expanding the utility of your investment.
In summary, IslandXchange Token (IXC) redefines token utility by combining the allure of island ownership with blockchain security, fractional ownership, and income generation. It's a token that brings a piece of paradise within reach while offering a myriad of opportunities and features that make it truly unique in the token landscape.
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?
The purpose of issuing IslandXchange Token (IXC) rather than relying solely on existing tokens, including the native XRP token or other established cryptocurrencies, is driven by several key objectives that are unique to IXC:
Tokenized Ownership: IXC is purpose-built to represent ownership of privately owned islands. While existing tokens serve various functions such as payments or smart contracts, IXC is uniquely designed to tokenize real-world, tangible assets like islands, opening up a previously untapped market.
Fractional Ownership: IXC introduces fractional ownership, a groundbreaking concept in the world of island ownership. It enables multiple investors to co-own islands, lowering barriers to entry and making island ownership accessible to a broader audience. This fractional ownership model is not readily available with existing tokens.
Island-Specific Utility: IXC is tailored to serve the specific needs of island transactions and management. It offers features like island rental and leasing, catering to the island market's distinct requirements. These island-specific utilities are not offered by general-purpose cryptocurrencies.
Ecosystem Development: IXC is a central component of the IslandXchange ecosystem. It facilitates transactions, incentivizes community engagement, and plays a pivotal role in the platform's growth and development. Existing tokens lack this ecosystem-specific focus.
In essence, IslandXchange Token (IXC) serves a unique purpose by addressing the specific needs and challenges of the island ownership market. It brings tangible assets onto the blockchain, introduces fractional ownership, and fosters a community that is passionate about island ownership. These distinct features set IXC apart from existing tokens, making it the ideal choice for revolutionizing the island ownership landscape.
Whitepaper/sales material: https://whitepaper.islandixc.tech/
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: https://islandixc.tech/
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 | Date |
|---|---|
| Revision 1 | September 5, 2023 |