{"id":"justoken-jmwh","name":"Justoken JMWH (energy, MWh)","project":"Justoken × YPF Luz (Argentina) — represented asset","issuer":"r976xbKc6om7WYTFwZHByvxnYFi1y5hJXH","currency":"4A4D574800000000000000000000000000000000","displayCode":"JMWH","metal":"ENERGY","gramsPerToken":0,"website":"https://www.justoken.com","notes":["Shown for transparency only; not an endorsement. ReserveWatch could not confirm from Justoken's own published material that this XRPL account is theirs: the account sets no on-ledger Domain and justoken.com serves no xrp-ledger.toml (checked Oct 30, 2026). The account is attributed to Justoken by XRPSCAN and RWA.xyz.","RWA.xyz classifies JMWH as a \"represented\" commodity asset (Justoken platform), meaning it is a record-keeping token on the issuer's platform rather than a freely traded retail token. RWA.xyz showed ~37.15M tokens and $2.23B total value at a $60 NAV (accessed Oct 30, 2026) — an issuer-reported figure, not a ReserveWatch valuation.","Live check Oct 30, 2026: ~36.95M JMWH outstanding; the same account also issues a second code \"JMWHC\" (~203K), not tracked here. Clawback is enabled on the issuer account.","ReserveWatch uses no public spot benchmark for electricity, so price vs spot is not measured for this token."],"label":"Issuer link unconfirmed","commodityClass":"energy","unitText":"1 token = 1 MWh of electricity under an energy delivery contract (per Justoken / RWA.xyz)","tokenization":"represented","knownStatus":"unconfirmed","ledgerIndex":108012986,"issuerExists":true,"domainVerified":null,"domainNote":"Issuer sets no on-ledger Domain.","flags":{"defaultRipple":true,"depositAuth":false,"disableMasterKey":false,"disallowIncomingXRP":false,"globalFreeze":false,"noFreeze":false,"passwordSpent":false,"requireAuthorization":false,"requireDestinationTag":false,"disallowIncomingNFTokenOffer":false,"disallowIncomingCheck":false,"disallowIncomingPayChan":false,"disallowIncomingTrustline":false,"allowTrustLineClawback":true,"allowTrustLineLocking":false},"transferFeePct":0,"supply":{"rawObligations":36947585.1427,"treasury":0,"circulating":36947585.1427},"holders":{"trustlines":326,"nonZero":171,"frozenLines":0,"frozenBalance":0,"deepFrozenLines":0,"topHolders":[{"account":"rNdn11orwd9NUGG7w5AfvMYrZDRZHZ775a","balance":20833809,"pct":56.387471385572496},{"account":"rw1xUPMQb9iHCHLkqrdCrmmrYMtNsZkw1K","balance":10448527.4,"pct":28.27932423633481},{"account":"rpsHYEKkd4hsG8ePE9odrxRVgJF67f6H3e","balance":1139190.823,"pct":3.083261919825573},{"account":"rs6PbkpDzxyQsN7WqsGpZ55CcmCLLnc4T8","balance":463988.4725,"pct":1.2558018899150531},{"account":"rEGzYSYePmM2d3umSVYr9aMhzRL2CeSg3f","balance":289311.1712,"pct":0.7830313404316256}]},"pools":[{"pair":"JMWH/XRP","exists":false,"error":"actNotFound"},{"pair":"JMWH/RLUSD","exists":false,"error":"actNotFound"}],"books":[{"pair":"JMWH/XRP","bestAskUsd":null,"bestBidUsd":0.001258532427205695,"spreadPct":null,"askCount":0,"bidCount":4,"fundedAsks":0,"fundedBids":4},{"pair":"JMWH/RLUSD","bestAskUsd":null,"bestBidUsd":null,"spreadPct":null,"askCount":0,"bidCount":0,"fundedAsks":0,"fundedBids":0}],"spot":{"metal":"ENERGY","unitLabel":"MWh","usdPerOz":null,"usdPerUnit":null,"unsupported":true,"source":"none","at":"2026-10-31T01:23:52.128Z","error":"no public spot reference configured for electricity","usdPerToken":null},"peg":{"referenceUsd":null,"source":null,"deviationPct":null,"liquidityUsd":null,"reliable":false},"checks":[{"key":"status","severity":"warn","message":"Issuer link unconfirmed: third-party registries attribute this account to Justoken × YPF Luz (Argentina), but the project publishes no xrp-ledger.toml or official page listing it, so ReserveWatch could not confirm it from the issuer itself. Shown for transparency; not an endorsement or an allegation."},{"key":"tokenization","severity":"ok","message":"Represented asset: an issuer-held record-keeping token (RWA.xyz terminology), not a freely distributed retail token — low holder counts and no AMM are expected."},{"key":"clawback","severity":"warn","message":"Issuer can claw back tokens from holders (allowTrustLineClawback)."},{"key":"freezeable","severity":"ok","message":"Issuer retains ability to freeze (NoFreeze not set) — standard for regulated issuers."},{"key":"liquidity","severity":"warn","message":"No AMM pool vs XRP or RLUSD."},{"key":"peg","severity":"warn","message":"Price vs spot not measured: ReserveWatch has no public spot reference for electricity."},{"key":"concentration","severity":"warn","message":"Top holder rNdn11orwd9NUGG7w5AfvMYrZDRZHZ775a holds 56.4% of non-treasury supply."}],"status":"warn","updatedAt":"2026-10-31T01:23:52.128Z","errors":[]}