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: TorrentX
Currency: TTX (TTX)
Issuing account: rEhVkYqYbNicfBFX6Y6upHhP9S2Ukv3MpL
Distribution accounts: rNvzDDvAdBA5ps5nhXUgKEZh44ypzYFv8z
This is revision number 1, signed April 4, 2023 by rEhVkYqYbNicfBFX6Y6upHhP9S2Ukv3MpL
Description: Torrent on the XRPL blockchain. Download files in an absolutely secure file system.
Unique selling points: What makes this token unique, compared to the broader landscape of tokens?
The uniqueness of our token lies in the absence of alternative projects in the field of high-quality and instant data exchange.
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 TTX token has a narrow scope of purpose. It will be implemented in the torrent application, for the exchange of data ludi will pay and receive a reward. The price will be adjusted manually, which will reduce the volatility of the asset.
Whitepaper/sales material: https://xrp-torrent.network/whitepaper/
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://xrp-torrent.network
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 not 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 4, 2023 |