Quality mark

  • Cryptoniax (Quality mark)
  • Mr. Mole (Quality mark)
  • xStack (Quality mark)
  • Donald M.A.G.A.Q (Quality mark)
  • Onthetrack (Quality mark)
  • Foodware (Quality mark)
  • Snub network (Quality mark)_1

 



Compensation program
Quality mark plus projects
Quality mark information


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 be reported.


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.


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.