XME XRPL October 10, 2022


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: XME XRPL
Currency: XME (XME)
Issuing account: rana9qGVUedcBGeEXjECMnTcMRQvL9GCvW
Distribution accounts: rD4t2B7Vx8G5MpbHNcnp447qFyGof6q6p9, rJMuMU7jtze6fSXThAoeCeBQJFtCKehH3Z, rKgjncfxftF4mTHyfTttAJfDEEnxGqrZRb

This is revision number 1, signed October 10, 2022 by rKgjncfxftF4mTHyfTttAJfDEEnxGqrZRb

Description: I created the project as an alternative currency to XRP with lower supply and lower reserves. It's a placeholder and platform for me to develop on the xrpl and the upcoming upgrades relating to xls20.

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

It's really just a clone of XRP and an attempt of making a currency for which uses will develop over time. The airdrop was successful with over 1000 holders and trading is picking up. There is an active discord and twitter and use cases will follow.

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?

I wanted to create my own token and learn how to use the xrpl. It's possible to use other tokens for the same use at this time.

Whitepaper/sales material: https://xme.buzz/whitepaper/XME-Whitepaper.pdf

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 not 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://xme.buzz/

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 1October 10, 2022