XGO April 2, 2023


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: XGO
Currency: XGO (XGO)
Issuing account: rXGoXGoNeTTjPFVjzsmWWdFAMp7Lv3P4i
Distribution accounts: r9YmL3pNdt9SszCWnMDvG2VDJNLkTc7w7, rGp9D79afFuJrtYxQ5PHD3mmYoEKQjT77w, rp8KA7SshySZdcdjV6Rr7br4pYgNcNQJk4, rJZa5KbT1jXh6JjncD5ADk3SCoHfvyMref, rDE6TDgvheTvL1RAqhNPviGCEzAYwh4dmt, rLwj6RndErUDCNGEgWgir8yPoZVxUxDWnX, rDMs6uPqHsse8MxzW5rWSBxqrRrU1QG5RF, rGSznP7FPXQob4csziXXRWMwhUnwJhq3tT, rPJcGaqKzuJorEf57LRsCdT1fwpR8zHxaH

This is revision number 1, signed April 2, 2023 by r9YmL3pNdt9SszCWnMDvG2VDJNLkTc7w7

Description: xGO - это спортивное приложение, которое превращает ваши домашние тренировки в мощное соревнование. xGO - это уникальная криптовалютная среда Web3 со встроенными элементами Game-Fi и Social-Fi, где вы можете соревноваться с другими игроками по всему миру. Мы считаем, что упорный труд, который вы вкладываете в свои регулярные спортивные тренировки/занятия, должен быть вознагражден $XGO и уникальными цифровыми активами.
Наш уникальный видео-судья на основе искусственного интеллекта будет оценивать ваши результаты. Одиночные игры Соревнования Задачи Легендарные турниры xGO основана на убеждении, что надежная и честная конкуренция помогает улучшить результаты и развить навыки в спорте.
xGO - это спортивное приложение, которое превращает ваши домашние тренировки в мощное соревнование.
Мы стремимся к демократизации спорта, решая проблемы, ограничивающие конкуренцию. Будь вы спортсмен или тренер, xGO позволяет легко общаться с другими спортсменами по всему миру и участвовать в спортивных соревнованиях независимо от вашего местонахождения или бюджета.

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

We are ONE community and we have ONE token: XGO
We strive to give everyone the opportunity to participate in sports, no matter where in the world they are.
We believe in a world where people can compete no matter what currency they use.
We want to make it easy and fair for people from all over the world to participate in sports.
We believe that by giving everyone a level playing field, we can make sports accessible to everyone who wants to play.
You can earn $XGO simply by participating in challenges on the platform, improving your ranking or completing milestones. Accumulating $XGO tokens or providing liquidity allows athletes to unlock $XGO rewards that are based on their activity on the platform.
A $XGO token is a useful token that is used as a reward for athletes completing tasks and competing on the platform.
Users can bet with a $XGO token and earn NFT collectibles. The platform has a mixed model of NFT collectibles, where you can earn items by STACKING, COMPETING, and BUYING.
The xGO token was created specifically for the needs of athletes and sports fans.
For athletes, $XGO tokens provide access to tournaments, leagues, high stakes, lower commissions and exclusive NFTs.
$XGO tokens are key to enabling clubs, brands and offline event organizations to go completely digital and organize global live events. With the $XGO, every community can organize events, set up tasks, and allocate rewards.

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?

There are several reasons why a new token may be issued instead of using an existing token like XRP or other already existing tokens:

Specific Use Case: The new token may serve a specific use case that is not possible with the native XRP token or other existing tokens. For example, the new token may be designed to facilitate a particular type of transaction or provide specific functionality that is not available with other tokens.

Customization: Issuing a new token allows for customization of the token's properties, such as its supply, distribution, and governance, to better suit the needs of a specific project or community.

Tokenomics: The new token's design may have a different economic model that is more suitable for the project or community it serves. For example, the new token may have a different inflation rate or be designed to incentivize certain behaviors.

Branding: Issuing a new token also allows for branding and marketing opportunities that are not available with existing tokens. The new token can be associated with a specific project or community and can help differentiate it from other similar projects.

Overall, issuing a new token provides flexibility and customization options that may not be possible with existing tokens, and allows projects and communities to better tailor their token to their specific needs and goals.

Whitepaper/sales material: https://xgo-1.gitbook.io/xgo/

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://xgo.ai

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 not 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 1April 2, 2023