Quality mark information
XSTO's Quality Mark Program within the XRPL-Secure Ecosystem.
Introduction Quality mark
XSTO's Quality Mark program is an integral part of the XRPL-Secure Ecosystem, designed to classify and recognize projects based on their quality, safety and commitment.
Our Quality Mark represents a guarantee of quality that we award to XRPL-projects we work with. This mark is the result of a thorough evaluation with our proprietary Filter Research System (FRS), designed to detect and eliminate scams. This system combines automatic screening with manual inspections, providing robust protection against fraudulent activity, including rug pulls. To support this security mechanism, we have developed a compensation program specifically to protect XLoyalitY token holders and project participants.
The Quality mark can be applied for free from XSTO's website for project developers. Here the project must submit an application form, agreeing to start the study. We distinguish two levels of partnerships with projects: Quality mark and Quality mark plus.
Integrated Criteria for Obtaining a Quality Mark in XSTO's XRPL-Secure Ecosystem.
Project approval and research process:
• Approval by researchers: Projects must be approved by XSTO researchers,
meeting all set quality and safety standards. Approved Quality mark projects
can be found on XSTO's website.
• Permission for research: Coin developers give explicit permission to initiate
coin research. This research is crucial and always takes place only, once a
project has submitted the application form.
Identity, transparency and communication
• Identification and verification: Coin developers must identify and verify
themselves, for example through KYC or Doxing procedures, to ensure
transparency and accountability.
• Provision of necessary information: Necessary information must be
provided to obtain the seal of approval.
• Communication of issues: Any issues relevant to XSTO and the project must
Financial health and stability
• Transparency in finances: Projects should provide full transparency on their
financial status, including sources of funding, expenditures and investment
• Sustainable business model: A compelling and sustainable business model
that demonstrates the long-term viability of the project.
Financial health and stability
• Transparency in finances: Projects should provide full transparency on their financial status, including sources of funding, expenditures and investment plans.
• Sustainable business model: A compelling and sustainable business model that demonstrates the long-term viability of the project.
Preventing scam activity
• No history of scam activities: Projects must have no history of involvement in or association with scam activities.
• Active fraud prevention: Evidence of measures and protocols to prevent scam activities within the project and in interactions with investors.
Wallet checks and financial integrity
• Wallet checks: Regular audits of project wallets to ensure that no suspicious activity takes place.
• Financial integrity: Evidence that funds are properly and ethically managed and used in accordance with the stated objectives of the project.
History free from deception
• No misleading history: Projects should have a clear history with no instances of past deception or unethical behavior.
• Honesty in marketing and communications: Marketing materials and communications should be free of misleading or exaggerated claims.
Project quality and sustainability
• Long-term vision and mission: Developers should have a clear long-term vision and mission, with an emphasis on security for token investors.
• Operational token circulation duration: The token must be active on the XRP-Ledger for at least 3 months.
Documentation on community engagement
• Necessary documentation: A white paper, roadmap, mission, vision, website and one or more social channels are required.
• Community path: There must be a clear communication path to both coin developers and coin investors.
Ethics and responsibility
• Knowledge of and compliance with terms and conditions: Coin developers must be fully aware of and comply with all terms and conditions of XSTO.
• Ethical conduct: Coin developers must not harm or cause distress to the XSTO-project and must refrain from actions that may intentionally damage the project.
Implementation and Enforcement
• In-depth evaluation: XSTO's Filter Research System (FRS) performs an in-depth assessment of all aspects.
• Periodic Review: Regular review of projects to ensure they continue to meet Quality Mark standards.
• Feedback and improvement opportunities: Projects are given the opportunity to receive feedback and make improvements.
These integrated criteria ensure that projects receiving the Quality Mark within XSTO's XRPL-Secure Ecosystem meet rigorous standards of quality, transparency, accountability and ethical behavior, contributing to the overall integrity and value of the ecosystem.
The status of projects within our network is indicated by a color-coded system: green, orange and red. Green status indicates that a project fully meets our standards and is eligible for our compensation program, provided it has a plus package. Orange indicates potential risks and may mean that an investigation is underway. During this phase, the compensation program for Quality mark plus projects is not active. A project can move from orange back to green or shift to red. A red status means that a project no longer carries our mark and is removed from our platforms, without an active compensation program, to ensure the safety of our investors.
This approach ensures a clear and safe trading environment for all parties involved within the XRPL-Secure Ecosystem.