Question 1

What is ReserveWatch?

Accepted Answer

ReserveWatch is an independent, issuer-neutral monitor of commodity tokens on the XRP Ledger — gold, silver, platinum, energy, diamonds and more. It reads public ledger data: circulating supply, issuer flags such as freeze and clawback, AMM liquidity, and on-ledger price compared with a spot price where a public spot reference exists. It publishes automated health labels. The same published rules apply to every issuer. It does not tell anyone to buy, sell, or hold a token.

Question 2

What is ReserveWatch not?

Accepted Answer

ReserveWatch is not a custodian, not an issuer, and not a vault auditor. It does not hold funds, run wallets, or ask for seeds, private keys, or payments. It is not affiliated with Ripple, the XRPL Foundation, or any token issuer it lists. It does not audit vaults or attest to reserves, and on-ledger supply is not proof of reserves. OK, WARN, and CRITICAL are not credit ratings, recommendations, or opinions on solvency. Nothing on the site is investment, financial, legal, or tax advice.

Question 3

What do OK, WARN and CRITICAL mean?

Accepted Answer

Each token gets several automated checks. Every check is marked OK, WARN, or CRITICAL, and the token's overall label is the worst result among its checks. One CRITICAL check makes the whole token CRITICAL. OK means none of the automated checks found a problem. It does not mean the token is safe, fully backed, or a good buy. It only means the public ledger data ReserveWatch looks at did not trip a rule. WARN means something worth knowing. It may be normal for that kind of token, but it is something to understand before relying on the token. CRITICAL means something that can seriously limit what holders can do, or that ReserveWatch could not confirm at all. The labels describe rule-based checks. They are not ratings, audits, opinions on solvency, or advice.

Question 4

Is ReserveWatch a vault audit or proof of reserves?

Accepted Answer

No. ReserveWatch does not visit, inspect, or attest to any vault, custodian, warehouse, or bank account. On-ledger supply counts how many tokens exist. It does not show that a physical commodity exists, is insured, or can be redeemed. On-ledger data is not proof of reserves.

Question 5

What do "Unverified listing" and "Issuer link unconfirmed" mean?

Accepted Answer

They are soft labels for issuers ReserveWatch could not confirm from the project's own sources. A label is a statement about what could be verified. It is not an accusation. "Unverified listing" means the issuer account points at a project, but that project's own published token list or xrp-ledger.toml does not include the account. The project's source and the account disagree, so ReserveWatch cannot confirm who issued the token. That check is CRITICAL. "Issuer link unconfirmed" means third-party registries attribute the account to a project, but the project itself publishes no xrp-ledger.toml or official page listing it. Nothing contradicts the link; it simply cannot be confirmed from the issuer's own channels. That check is WARN. Neither label means the token is a scam, a fake, or unbacked, and neither means anyone has done anything wrong. A token without the label is not thereby safe or fully backed.

Question 6

Why is peg vs spot sometimes "not measurable" when liquidity is thin?

Accepted Answer

For gold, silver, platinum and palladium, ReserveWatch compares the spot price of the metal a token says it represents with the price the token trades at on the XRP Ledger. The gap is the peg deviation. A small pool can sit far from spot simply because nobody has traded it back into line. That is a liquidity fact, not a broken peg, and not a sign the metal is missing. ReserveWatch grades the gap only when the price comes from AMM pools holding at least about $10,000. Under 3% is OK, 3% to under 10% is WARN, and 10% or more is CRITICAL. Below that gate, or when there is no usable pool, the check reads "Peg not measurable" (WARN) and the raw number is marked "not meaningful". A DEX order-book price is never graded as reliable, because its depth is not measured. Oil, natural gas, electricity, uranium, copper, diamonds, timber and crops have no single public spot price that maps onto a token, so those classes show "price vs spot not measured" instead of a guess. A peg reading describes trading prices only. It is not proof that a commodity exists in a vault, and it is not a signal to buy or sell.

Question 7

How should I cite /api/tokens?

Accepted Answer

The dataset at https://thereservewatch.com/api/tokens is free JSON and free to cite. Attribute "ReserveWatch" and link that URL, or the page a reading came from. Per-token JSON is https://thereservewatch.com/api/tokens/{id}, using the id from that token's page address. Cache responses. Acceptable use is described on the terms page. Do not describe the labels as an audit, proof of reserves, a credit rating, or investment advice. Readings can be delayed, incomplete, or wrong. Confirm with the issuer and an independent explorer.

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