Project Purpose
XRPL BLUE is designed to be the pulse-pounding social catalyst and community-driven meme coin of the XRP Ledger, seamlessly woven into the fabric of the XRPL ecosystem as a high-octane utility token. Our mission is to skyrocket through the crypto stratosphere by expanding our ever-growing constellation of integrations across the XRPL universe!
For too long, the XRP Ledger has been associated primarily with traditional finance use cases. XRPL BLUE aims to bring a fresh, vibrant energy to the ecosystem, showcasing the network's potential for community-driven projects and decentralized applications.
Token Utility
XRPL BLUE (ticker symbol BLUE) is a native cryptographically-secure fungible protocol token of the XRPL BLUE ecosystem. It is a transferable representation of attributed utility functions specified in the protocol/code of the XRPL BLUE ecosystem, designed to be used solely as an interoperable utility token thereon.
BLUE is a functional multi-utility token which will be used as the medium of exchange between participants who interact within the ecosystem on the XRP Ledger. The goal of introducing BLUE is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem without any intermediaries such as centralized third party entities/institutions/credit.
It is important to note that BLUE is not, and not intended to be, a medium of exchange accepted by the public as payment for goods or services or for the discharge of a debt. BLUE does not in any way represent any shareholding, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking.
Distribution
XRPL BLUE was launched with a 100% fair distribution model, with zero developer allocation or pre-mine. The entire token supply was distributed through FirstLedger as follows:
- 100% Community Distribution: The entire token supply was made available on FirstLedger for fair public distribution
- 0% Developer Allocation: No tokens were reserved for the team or developers
This distribution model represents one of the fairest launches in the XRPL ecosystem, ensuring complete decentralization from day one. By making 100% of the supply available through FirstLedger, we eliminated any concerns about team allocations or hidden token reserves, creating a truly community-owned token.
Legal Disclaimer
PLEASE READ THIS SECTION AND THE FOLLOWING SECTIONS CAREFULLY AS THEY CONTAIN IMPORTANT INFORMATION. IF YOU ARE IN ANY DOUBT AS TO THE ACTION YOU SHOULD TAKE, YOU SHOULD CONSULT YOUR LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL ADVISOR(S).
The XRPL BLUE tokens are not intended to constitute securities in any jurisdiction. This Whitepaper does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities or a solicitation for investment in securities in any jurisdiction.
This Whitepaper does not constitute or form part of any opinion on any advice to sell, or any solicitation of any offer by the distributor/vendor of the XRPL BLUE tokens to purchase any XRPL BLUE tokens nor shall it or any part of it nor the fact of its presentation form the basis of, or be relied upon in connection with, any contract or investment decision.
Risks
The XRPL BLUE ecosystem is currently in the initial development stages and there are a variety of unforeseeable risks. You acknowledge and agree that there are numerous risks associated with acquiring BLUE, holding BLUE, and using BLUE for participation in the XRPL BLUE ecosystem.
In the worst scenario, this could lead to the loss of all or part of BLUE held. IF YOU DECIDE TO ACQUIRE BLUE OR PARTICIPATE IN THE XRPL BLUE ECOSYSTEM, YOU EXPRESSLY ACKNOWLEDGE, ACCEPT AND ASSUME THE FOLLOWING RISKS:
- Uncertain Regulations and Enforcement Actions
- Inadequate disclosure of information
- Loss of talent
- Failure to develop
- Security weaknesses
- Other risks