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: Rich Duck Coin
Currency: RDC (RDC)
Issuing account: rDuckCoinu8jntxtYoWRhEv4oNvsLYx6EQ
Distribution accounts: rhqaZRywcriytdLkXvJp3WpvyZs62jTUuF, rBYQtndhrmCyG2CF2XiJKCawgwnVPwrHH1, rpe3WwYVck3fzAbRqAmxW3eTtY59tTWt4g, rM5CQeFQd71G5Cs3tdW2GmTBjJevCkiXsj, rLZvzfE8QLYhf4xnhFtS41GrZ8Rq5GuAsv, rELgJMXCQTCW9LG4G9CAk5Uj15n3Gfar5, rMAGHzF6BkWGT4kQ1rDMRZ2ia6etpJTCJ1, rPooLFWk8nPtvEpQYbxTJzLkRbuu9X7Qa6, rDsijVJZWVeEZ3NESy66pFXDeVdrm7h72u
This is revision number 1, signed November 2, 2023 by rhqaZRywcriytdLkXvJp3WpvyZs62jTUuF
Description: Rich Ducks Coin (RDC) is a unique cryptocurrency token designed to reward and engage its community members. With a clear distribution strategy, token utility, and a commitment to ongoing development, RDC aims to establish a strong and loyal user base within the Rich Ducks ecosystem. RDC will be built around music utility allowing user to purchase music in RDC & staking platform.
Unique selling points: What makes this token unique, compared to the broader landscape of tokens?
Music utility and access to the staking platform.
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?
Community token for rewarding holders and offering them to redeem them for rewards.
Whitepaper/sales material: https://xrpbags.gitbook.io/richducks/utility-whitepaper/perks/rich-ducks-utility-coin-tokenomics
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: The issuer does not have a bug bounty program.
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://xrpbags.io
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 | Date |
|---|---|
| Revision 1 | November 2, 2023 |