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: XUM Universal Money
Currency: XUM (XUM)
Issuing account: r465PJyGWUE8su1oVoatht6cXZJTg1jc2m
Distribution accounts: rEeT34f8diBaL7txCPATjTgm4Mf5fdpjUX, rHuuJhxyrAhFq5AxWaJBby5577w5XxvNQM, rNZHNsVUJJsYga66os4UvWUhCFFeTT7hXg, rwP845LuvL4LZLSyEUpSkKn2ymPFC3opQt, rMNbis1vZqbCaKxwoDej2xZJfVmRYDbSHt, rwxRvZvfPj1nychj2wt3A7VrrWyLHvMf52, rwLoiCpDbNJxDyyywhYkD3cZ3jWbxFwb7D, rPuEreviZYx3fdB6EHVGqW3Uf1rK8BwKE, rhnUkBQs6XX4hYrYdifBLmZmKoWWPf5BNi, rGHtFVGhSdqsfBeKcpJQ8fpwR1PEC58v9J
This is revision number 1, signed April 11, 2022 by rEeT34f8diBaL7txCPATjTgm4Mf5fdpjUX
Description: XUM is a non-profit project with the intention to balance wealth distribution and inspire people to do good things to others.
XUM was designed to modernize the traditional money. To become the new money that is fast and efficient regardless where you are and what your social status is.
Unique selling points: What makes this token unique, compared to the broader landscape of tokens?
100% free coins and a non-profit project indented to inspire people to do good things to others.
The project is not here to make money but to help people earn through passive income.
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?
Create the Universal Money that regular people can use in their daily lives – to pay for groceries in the market, send money to loved ones overseas, pay online and in person, in a fast and very convenient way. XUM coins are 100% free.
Whitepaper/sales material: https://xumcrypto.com/
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: The issuer does not have a bug bounty program.
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://xumcrypto.com/
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 does not contain 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 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 11, 2022 |