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: Valhalla God Coin
Currency: VGC (VGC)
Issuing account: rwBiQxtPo7zkiSGp4PoisqN7jBwotMRh3J
Distribution accounts: rNjomTGnd1fRWkJ5wUp2Gg82nQbkNABJno, r9KKMsua6AYSKAedpYibbyBKmxWeKW1UrN
This is revision number 1, signed July 27, 2023 by rNjomTGnd1fRWkJ5wUp2Gg82nQbkNABJno
Description: The Valhalla Viking God Coin (VGC) was launched on 9th May 2023 and is a Rewards & Meme token that runs on the XRPL.
VGC is an integral token in the XList ecosystem and is rewarded to Exclusive XList Members monthly bonus system. VGC can also be held alongside the XLIST token to gain a share of the rewards from the XList Vote.
Unique selling points: What makes this token unique, compared to the broader landscape of tokens?
Offers rewards from the XList Votes and ongoing bonuses for Exclusive XList Membership holders. VGC is also offered as a reward when customers buy items in the XList online shop.
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?
VGC is offered as a reward when customers buy items in the XList online shop. It is also an integral part of the XList ecosystem and partly determines what tier Exclusive XList Membership holders are in which in turn offers a passive income. VGC balance combined with XList balance determines how much voters receive from the prize pots in the XList Votes.
Whitepaper/sales material: https://xlist.one/xlist-faqs/
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.xlist.one/
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 | July 27, 2023 |