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: NVL
Currency: NVL (NVL)
Issuing account: r458JvSEmmPwrRbEtmrHvWsGqZjq8jK6aE
Distribution accounts: rU8HcFCFwS9KCoK3YYw3K1wGGbs3sRYfUK, rahmVSUHxCdD3fhtuZ51rjXG7toHP9LdVP, r9RQHaa9psvqWJq9JYY8H9UW3So7T8Sxjb
This is revision number 1, signed March 17, 2022 by rahmVSUHxCdD3fhtuZ51rjXG7toHP9LdVP
Description: Northern VoIP launched the NVL Token on 25th November 2021. NVL is a Rewards and Payment Token and is built on the XRP Ledger (XRPL) Network.
The NVL Token was created on 25th November 2021, and its main utility is for it to be given as a reward to customers who purchase their Voice over IP (VoIP) equipment and services from businesses working within the VoIP industry. Customers that hold NVL are also entitled to a discount on equipment purchased and VoIP services that they subscribe to with Northern VoIP. Northern VoIP is working on and establishing partnerships with other VoIP businesses allowing a growing network of businesses to participate in offering their customers NVL as a reward.
NVL may also be utilised as an efficient payment solution helping VoIP businesses to transact with their customers globally in seconds.
Unique selling points: What makes this token unique, compared to the broader landscape of tokens?
NVL Token is the only token that offers a discount & reward for Voice over IP (VoIP) customers who purchase their VoIP equipment and services.
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 main purpose of the NVL Token is for it to be used as a reward to customers who purchase their VoIP services and equipment from Northern VoIP. We also plan to offer rewards to customers and any VoIP businesses that partner with us in the NVL Project.
Whitepaper/sales material: https://www.northernvoip.co.uk/wp-content/uploads/2022/01/NVL_Whitepaper.pdf
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 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://www.northernvoip.co.uk/nvl-token/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).
|Revision 1||March 17, 2022|