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: Smart Play Studio
Currency: SPT (SPT)
Issuing account: rswD8h8uzKPEUh26QKeWnxP2dR2HLkhCPm
This is revision number 1, signed April 1, 2024 by rswD8h8uzKPEUh26QKeWnxP2dR2HLkhCPm
Description: We are a company specializing in developing captivating games for your smartphone. Bring your mobile screen to life with our immersive games, full of adventures, engaging missions, and thrilling storylines. This is a new wave in the GameFi world that we are creating.
With us, you can dive into magical fantasy worlds, engage in epic battles against enemies, solve puzzles, build your virtual world, or simply experience the adrenaline rush of racing and sports. Regardless of your interests, our games offer you an incredible variety of virtual entertainment.
Additionally, in our game, you can always exchange SPT tokens for resources and vice versa. Any resources or artifacts obtained in the game can be exchanged for SPT tokens.
Unique selling points: What makes this token unique, compared to the broader landscape of tokens?
SPT (Smart Play Token) is a utility token used in all our products. It is necessary for exchanging resources and artifacts within games, which can accelerate the player's base development process. Any of the resources obtained within the base can be exchanged for the token. SPT has a limited supply of 500,000,000 tokens.
Additionally, in our game, you can always exchange SPT tokens for resources and vice versa. Any resources or artifacts obtained in the game can be exchanged for SPT tokens.
Our token is applicable in our games, and the exchange of tokens for in-game resources takes place within the game.
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?
Our token is applicable in our games, and the exchange of tokens for in-game resources takes place within the game.
Whitepaper/sales material: https://www.smartplaystudio.com/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: 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://www.smartplaystudio.com/
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 | April 1, 2024 |