THE SCHMECKLES WHITEPAPER

Tokenomics:

Token/Ticker = Schmeckles
Blockchain = XRP Ledger
Total Issued Supply = 1,000,000 Schmeckles
Current Supply (As at 12 September 2022) = 940,467.67752308 Schmeckles
Transaction Time = 3 seconds or less
Transaction Costs = Extremely low (a fraction of a cent)

25% of the total supply was circulated in Airdrop 1.0 to all existing Trust Lines (COMPLETE)
25% of the total supply was circulated in Airdrop 2.0 to all wallets holding 10 or more Schmeckles (COMPLETE)
25% of the total supply will be given away on Twitter, Discord and via the StaykX Platform (DISTRIBUTING NOW)
25% of the total supply will be retained for marketing, development, community projects and exchanges. Noting some of this fund has gone towards Schmeckles stayking on the StaykX Platform as well as listing on the SWFT exchange (less than 176.5k remaining)

Our Project:

Schmeckles is a fan-token/meme-token on the XRP Ledger for Rick and Morty fans. There will only ever be 1,000,000 Schmeckles in circulation. This is due to the original account being blackholed.

But what does that mean?

The XRP Ledger (XRPL) is a decentralized, public blockchain led by a global developer community. It’s fast, energy efficient, and reliable. With ease of development, low transaction costs, and a knowledgeable community, it provides developers with a strong open-source foundation for executing on the most demanding projects—without hurting the environment. The XRPL hosts a large community of token projects who have identified the vast benefits of the blockchain technology, particularly when compared to the other options such as ERC20 (Ethereum Request for Comment 20) and BSC (Binance Smart Chain).

One of the standout differences is an issue called “gas fees”. Gas fees are payments made by users to compensate for the computing energy required to process and validate transactions. For example, gas fees can be in the hundreds or even thousands of dollars on the Ethereum blockchain. The XRPL avoids these high gas fees due to their superior and more efficient technology. In most cases, fees on the XRPL are less than a cent.

Tokens launched on the XRPL have the opportunity to blackhole the issuing account (the token creation account). This means that no further tokens can be issued. Schmeckles chose to cap the number of tokens at 1,000,000 meaning no more Schmeckles can ever be created. However, tokens can be burned (destroyed) to diminish this supply.

Schmeckles exists to 8 decimal places (i.e. 0.00000000) allowing for future growth opportunities.

Schmeckles is a self-funded project by the community for the community. The decision was made to not accept or provide any Initial Coin Offerings (ICOs) in order to protect early adopters and build organic growth. While this made the early stages of the project difficult, our supporters have allowed us to successfully gain traction within the XRPL community.

Schmeckles is currently listed on the SWFT Blockchain (SWFT.pro) and can be swapped with over 300 other cryptocurrencies like XRP, BTC, ETH, XLM and many more.

What’s to come?:

The Schmeckles Project runs Art Competitions every quarter (i.e. every 3 months). Each Art Competition is individual and provides the community with the opportunity to get creative and tap into their artistic skills. They also give the Schmeckles Project an opportunity to celebrate our talented community. Four Art Competitions have been successfully run to date with the fifth Art Competition now live (in collaboration with XScapeNFT). The launch dates of the next Art Competitions can be seen below.

Schmeckles has ambitions to mint Non-Fungible Tokens (NFTs) on the XRPL. This will occur when the XLS-20 update is launched by the XRPL Developers in 2022/2023. Alternatively, this will occur when OnXRP.com begin minting NFTs on their Marketplace. Since Schmeckles is a community project it is only fitting that the communities art (particularly art from winners of the art competitions) will be minted into NFTs and returned to the artist to choose whether to sell or keep their NFT. In the meantime, we are working on preparing NFT collections as well as collaborating with projects on NFTs to be released immediately via Sologenic.

‘The Schmeckle Invasion’ Beta Release was made public on 16 July 2022. This game can be played right now. It was released as a testament to the potential of the final release. We are now open to collaborations with others in the XRPL. You can learn more about this below.

The following project developments are complete or coming soon (aka ROADMAP):

  • Re-designing Website and launching on Schmeckles.io (COMPLETE)
  • Expanding our reach to Facebook and Instagram (COMPLETE)
    • We have onboarded a digital marketing team called ‘OzWeb Technologies’ that are creating content and managing both Facebook and Instagram pages.
  • Role Playing Game (“The Schmeckle Invasion”) Beta Release (COMPLETE)
    • ‘The Schmeckle Invasion’ has now been released and can be played here. The FAQ section features ways for people and projects to spend their Schmeckles to feature in the final release. All Schmeckles collected as part of this offering will be burned to further reduce our diminishing supply. The estimated release of the final version is early 2023 but is dependent on community interest. 
  • Migration of Art from schmecklesxrpl.com to schmeckles.io (COMPLETE)
  • Re-direction of schmecklesxrpl.com to schmeckles.io (COMPLETE)
  • Role Playing Game (‘The Schmeckle Invasion’) Final Release
    • The Beta Release was made public on 16 July 2022. The final release is set for release in 2023. We are now open to collaborations with others in the XRPL to do things such as:
      • Present their NFT collections within the game
      • Create a character, questline or town
      • Contribute towards the games content
      • Have their music featured within the game
  • Application for Wave 2 of the Ripple Creator Fund
    • We will submit our application, including a Pitch Deck, to Wave 2 of the Ripple Creator Fund by 21 July 2022. This fund has a specific focus on music. We will therefore be championing ‘The Schmeckle Invasion’ Beta Release within the submission, with ambitions to receive funding for the final release (expected early 2023) to help fund musicians, artists and collaborating projects/people.
  • Engaging NFT Art Studios for Schmeckles NFTs
    • The Schmeckles Project endeavours to provide a variety of NFTs to the community from numerous artists and projects alike. We have commenced the engagement of artists and art studios to create Schmeckles NFTs.
    • Our NFT collaboration with Urban Monks Studio is almost complete. This is a collection of 5 individual NFTs that feature Schmeckles creating chaos. Check out our Twitter to see these or check out the Schmeckles NFTs available right now by navigating to Art > NFTs in the menu.
  • Listing on StaykX Platform for Schmeckles stayking. (COMPLETE)
    • Voters Reward = 5000 Schmeckles (COMPLETE)
    • Stayking = 100000 Schmeckles over 3 months (UNDERWAY)
    • Stayking = 3000 XRP over 3 months (UNDERWAY)
      • XRP rewards are provided on the first 10 days of each month. The first is now complete. The second commences on 04 September 2022. The third commences on 04 October 2022.
  • Contributing lessons to the Treasury Academy by Treasury (ONGOING)
    • The Schmeckles project has been invited to contribute lessons towards the Treasury Academy. To date, the following two lessons have been created (but are not yet live) with more expected in the future.
      • Meme Coins and Fan Coins (The Good, The Bad, The Ugly)
      • Mental Health and Community
  • Mental Health Resource Page (UNDERWAY)
    • We endeavour to include a Mental Health Resource Page to schmeckles.io to provide the XRPL with Mental Health resources before 2023.
      • Australian Page (COMPLETE)
      • Others (Awaiting Collabs)
  • Additional collaborations with XRPL Projects include:
    • ArcadeX (100M ArcX Tokens dropped to holders of 1000 Schmeckles and 2.5M ArcX)
      • Starting in October 2022 for 5 months
      • Random Snapshots taken each month from October 2022 to February 2023
      • Pool of 20M ArcX tokens dropped each month as an equal distribution to holders
    • XList (current sponsor and member of Team 2)
    • CultureNFTS (DJ Culture has joined our team as an Official Partner and Ambassador – stay tuned for interviews)
    • BLOC Oversight (coming soon)
  • Ongoing Youtube interviews with JTXRP
    • All existing interviews can be found on the MEDIA+ page.
  • The 5th Schmeckles Art Competition will be launched in Q3 2022.
    • A collaboration with XScapeNFT has been secured for this competition with prizes for 1st, 2nd and 3rd places.
    • All existing submissions can be found on the WEAPONS ART COMPETITION page.
  • The 6th Schmeckles Art Competition will be launched in Q4 2022.
  • The 7th Schmeckles Art Competition will be launched in Q1 2023.
  • The 8th Schmeckles Art Competition will be launched in Q2 2023.
  • The 9th Schmeckles Art Competition will be launched in Q3 2023.
  • The 10th Schmeckles Art Competition will be launched in Q4 2023.

Passive Incentive – The Reaper Token and the diminishing Schmeckles Supply

As an added incentive to Schmeckles holders, the project has acquired tokens from The Reaper Project (you can learn more about The Reaper here: https://www.thereaper.io/). This purchase provides advantages to Schmeckles holders in the following ways:

The Reaper Project offers regular “Drips” of XRP to Reaper holders. All XRP received through “Drips” will be put up to a Community Vote using Blockchain Voting. This will give the Schmeckles community the opportunity to decide how the XRP drip is used.

The Schmeckles Project is listed on the approved Reaper Project list and will therefore have the opportunity to be randomly selected to be voted on 2-3 times per month. Project votes are used by the Reaper to carry out a market purchase of tokens and then burn them. The Reaper Tokens held by Schmeckles gives us a minimum of 105000 votes when nominated. This does not include the Dev wallet.

To date, over 59,532 Schmeckles (over 5.95% of the initial supply) have been burned.

The Schmeckles Project commenced in 2021 with 1 million tokens. Due to burns related to the Reaper token (including Reaper related burns carried out from the personal wallets of team members), as well as burns by the public, the Schmeckles supply is now down to approximately 940,467 tokens.

To summarise the advantages, The Reaper provides the opportunity for Schmeckles to be purchased at market value (allowing Sell Orders of Schmeckles to be fulfilled), it diminishes the overall Schmeckles supply (by burning the tokens purchased) and it also provides the Schmeckles project with XRP (which is put to a Community Vote to decide how it is used).

Team:

Details about the Schmeckles team can be found here.

Events:

Details about past and upcoming Schmeckles events can be found here.

Media:

Details about Schmeckles media releases can be found here.

Disclaimer:

The Schmeckles Team stress the following points:

  • All cryptocurrency investments are at the buyers risk. We encourage all investors to do their own research in all investments they make, but particularly in cryptocurrency.
  • Purchasing and holding Schmeckles does not guarantee an increase in value.
  • Schmeckles tokens exist on the XRP Ledger. This means we get to benefit from the superior technology as mentioned above, however, it also means we are subject to the potential faults of the Ledger itself. In 2021, the XRP Ledger experienced a short period of latency issues and increased transaction fees. While this is unlikely to occur again, it is important for investors to understand that Schmeckles is dependent on the XRP Ledger.
  • It is recommended that individuals wanting to invest in Schmeckles first understand Ripple, XRP, the XRP Ledger and blockchain technology.
  • Nothing mentioned within our whitepaper, website, social media interactions, live streams, voice calls, etc. is to be considered financial advice.
  • Investing into Schmeckles tokens and blockchain technology includes various risks. Some are mentioned above but this is only a limited list. Some further examples of investment risks include:
    • A natural disaster impacting the XRP Ledger (for example, by taking nodes offline).
    • New or developing Government regulations.
    • Market volatility.
    • Force Majeure events (for example, a team member falling ill or passing)

The Schmeckles Team endeavours to protect our community, however, we do not hold any responsibility for the financial decisions made by any individual, group, business, etc. All purchases of Schmeckles tokens are at the buyers risk.

Our final piece of advice to all cryptocurrency investors:

  • Do your own research
  • Take your cryptocurrency offline and onto a Hardware Wallet/Ledger Device (i.e. Nano Ledger)
  • Watch Rick and Morty
 

Contact Details:

Schmeckles is an Australian Company located in the state of New South Wales

Email: schmecklesxrpl@gmail.com
Registered Name: Schmeckles Pty Ltd
ACN: 660 537 413

Whitepaper V1.0 was published on 28 November 2021.
Whitepaper V1.1 was updated on 07 December 2021.
Whitepaper V1.2 was updated on 29 December 2021.
Whitepaper V1.3 was updated on 31 January 2022.
Whitepaper V1.4 was updated on 04 April 2022.
Whitepaper V1.5 was updated on 29 May 2022.
Whitepaper V1.6 was updated on 28 June 2022.
Whitepaper V1.7 was updated on 04 July 2022.
Whitepaper V1.8 was updated on 17 July 2022.
Whitepaper V1.9 was updated on 31 July 2022.
Whitepaper V2.0 was updated on 11 August 2022.
Whitepaper V2.1 was updated on 14 August 2022.
Whitepaper V2.2 was updated on 28 August 2022.
Whitepaper V2.3 was updated on 12 September 2022.

Copyright © 2022 SCHMECKLES PTY LTD (ACN: 660 537 413)

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