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Burnt (Xion)

Risk Management

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Risk Management

The RMA™ is a blockchain credibility certification assessing governance, transparency, security, and results, providing trusted verification for businesses in Web3.

VaaSBlock has not audited this project and cannot vouch for this organization.

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RMA™ Status: ❌ Unverified

Verification of 6 major compliance criteria.

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Technology

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Technology

A collection of public facing information, data collected through partners and our own tools view we present a projects technology in one place for easy verification.

Analysis and testing of tech infrastructures.

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Marketing

Alphai
Marketing

Top level look at a projects marketing capablities currently in alpha this section will grow to show quickly how a project promotes itself and the effectiveness.

Screening of user base and community feedback.

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Background

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Background

Using multiple public facing sources across the web view a summary of a projects purpose, key achievements and general overview.

Collection of basic administrative documentation.

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Verify my OrganizationLearn more about RMA™ Badges

Risk Management

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Corporate Governance

The verification of fundamental governance, organizational structure, including verifying the entity’s legal registration and adherence to local laws and regulations.

Corporate Governance

Unverified

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Team Proficency

Evaluation of an organization’s personnel, ensuring that crucial team members possess the expertise and dedication necessary to execute current business models and scale effectively.

Team
Proficiency

Unverified

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Technology & Security

Assessment of the organization’s technological framework, including blockchain integrations (where relevant), system architecture, and overall IT infrastructure.

Technology and Security

Unverified

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Revenue Model

Comprehensively evaluation of a company’s income-generating strategies (how do they make or intend to make money), ensuring financial robustness and sustainability.

Revenue
Model

Unverified

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Results Delivered

The Results Delivered component of the RMA™ audit comprehensively evaluates an organization’s ability to achieve its goals and honor its commitments.

Results
Delivered

Unverified

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Planning & Transparency

The Planning and Transparency component of the RMA™ audit offers a thorough assessment of how an organization manages its workflow and prepares for unexpected challenges.

Planning and Transparency

Unverified

RMA™ Badge

 ✘ Unverified

Full Report – ✘ Not available

Mint date – 00/00/00

Protocol –

Contract –

Transaction Hash –

Visualization –

Learn how to verify an RMA

RMA™ Badge

 ✘ Unverified

Full Report – ✘ Not available

Mint date – 00/00/00

Protocol –

Contract –

Transaction Hash –

Visualization –

Learn how to verify an RMA

Other Certifications

N/A

Technology

Website

Domain First Registered – August 2001

SSL Status – ✔ Secure

Token

Token Name (XION)

Chain –

Whitepaper – Link

Block Explorer – Link

Marketing

Ratings

 Alpha

N/A

Background

Organization Name

Category – Services

About

Burnt (XION), founded in 2021 in New York City, seeks to revolutionize Web3 through its walletless Layer 1 blockchain, XION. By eliminating the need for traditional wallet setups, Burnt’s chain abstraction technology simplifies blockchain interactions, aiming to make Web3 accessible to non-crypto users and reduce barriers to adoption. Backed by $36 million in funding from leading investors, Burnt positions itself as a Web3 innovator. Its walletless infrastructure enables seamless interaction with blockchain applications, removing technical hurdles while preserving the benefits of decentralization. Key milestones include the launch of the XION Foundation in 2023 and preparations for the blockchain’s mainnet debut in 2024. While Burnt’s vision for a user-friendly blockchain ecosystem is compelling, the practicality and scalability of its walletless technology are yet to be fully demonstrated. Potential users and investors should carefully assess the company’s claims and innovations before engaging.

Blockchain Walletless Innovation Accessibility Web3

Creation Date

December 2024

Headquarters

New York, USA

Organization Maturity Level

Undetermined

RMA™ Type

None

Useful Links

Website – burnt.com

App –

Notable Achievements

Core Team

Burnt Banksy

Founder

Mantas Vidutis

Mantas Vidutis

CTO

Anthony Anzalone

Anthony Anzalone

CEO

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