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Last Update
Mar 17, 2024
Abstract
Algae Farm® is pioneering a revolutionary disruptive form of tokenization known as Special Purpose Token or “Blank Check Token”.
Utility vs Security Token
A utility token does not imply nor offer any ownership in the company (see disclaimer section on cover page) and its purpose is to be used as a means of payment for goods and services if, where and when, accepted. In addition to exchange for other currencies on any exchange that supports SPT2/ETH, SPT2/USDT, and possibly others, a security token implies ownership, share of profits (see disclaimer section on cover page) and must be registered as a security in some jurisdictions, like the United States of America.
SPT2 IS NOT AVAILABLE FOR SALE TO CITIZENS AND/OR RESIDENTS OF THE UNITED STATES OF AMERICA.
*According to SPAC Insider, in 2020, 247 newly formed SPACs raised $83 billion in capital through initial public offerings. In 2019 and 2020, more SPACs were created in those two years than in the prior 18 years combined.
A utility token does not imply nor offer any ownership in the company (see disclaimer section on cover page) and its purpose is to be used as a means of payment for goods and services if, where and when, accepted. In addition to exchange for other currencies on any exchange that supports SPT2/ETH, SPT2/USDT, and possibly others, a security token implies ownership, share of profits (see disclaimer section on cover page) and must be registered as a security in some jurisdictions, like the United States of America.
Asset(s) Backed – Algae Farm® related intellectual property and disruptive proprietary technology valued at $1.76M in 2013.
Tokenization Details
Project - Algae Farm® (see project white paper)
Name - Special Purpose Token Symbol - SPT2
Issuer – Algae Farm International, Ltd. (St. John, New Brunswick, CA)
Country of Origin – Canada
Token type – Asset Backed Utility, ERC-20 used as a means of payment (where accepted)
Blockchain – Ethereum Smart contract address - https://etherscan.io/token/0x47cbd418af50fcde59eaf7678c9d8531803569c9
Asset(s) Backed – Algae Farm® related intellectual property and disruptive proprietary technology valued in 2013 at $1.76M.
Key Metrics & Distribution (Projected)
Initial circulated supply - 00. (Amount no longer in circulation & not available to be transferred) – 332,501,000,221).
Supply to be made available - up to 1,000,000,000.
Public sale allocation of initial supply % = 80%
ICO price - USD .05$
SPT2 target listing price per token - USD .25$
Maximum token supply* – 8,662,498,999,778
* In treasury
Liquidity
SPT2 will be listed on top tier crypto exchange(s) to ensure maximum liquidity. Using the Ethereum Blockchain, SPT2/USDT tokens will be exchangeable for other currencies on any exchange that supports SPT2/USDT
2021
2022
2023
2024
Verified 25%
Attention. There is a risk that unverified members are not actually members of the team
