Qwaken Token | $QWK

Qwaken Token | $QWK December 5, 2022

Qwaken Token | $QWK

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: Qwaken Token | $QWK
Currency: QWK (QWK)
Issuing account: rQwakn2cdSkHDCKjcsZitW7vD5Pow5g7ov
Distribution accounts: rncidPnbDNrJ3dnSVSr6WH35RS2pqN3b1M

This is revision number 1, signed December 5, 2022 by rQwakn2cdSkHDCKjcsZitW7vD5Pow5g7ov

Description: Qwaken is a NFT-BACKED clothing brand born in 2021 in Playa del Carmen MX and on the XRPL.
We mint the best designs as 1:1 NFTs with utilities. In the Metaverse we are actually dressing avatars for the biggest projects on the XRPL.

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

$QWK will be the main currency used in the Qwaken eco-system.
In the QStores and the Qwaken Club it will grant the buyer a 17% discount. $QWK will also be the only currency accepted to purchase very exclusive NFT collections,
physical collectibles and secret items.
Many more is coming for the $QWK holders, staking among other tools will be implemented during 2023.

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’re currently building the payment bridge to start the beta to start accept our own currency in the QStore as soon as it opens during Q1 2023. No other token was adaptable to our tokenomics, also we needed full control over it due to the physical nature of the project.

Whitepaper/sales material: https://bit.ly/wpQwaken

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: https://www.qwaken.club/

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).

Self-assessment revisions
Revision 1December 5, 2022