Special Purpose Token P (SPTP)

“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 SPTP/ETH, SPTP/BTC SPTP/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.

What is a Special Purpose Token  (”SPT”)?

Special Purpose Tokens  or SPTs  are non-operating  project tokens whose purpose is to identify and purchase a private or publicly traded company, allowing the acquisition target to have a link to blockchain.

SPTs are also known as blank check companies. When a SPT  or a publicly traded company purchases a private company, it is called a reverse merger. A traditional merger is when a private company takes a public company private. SPT’s are similar in concept to Special Purpose Acquisition Companies* (“SPACs’’) but SPTs are not registered as a security to be publicly traded on a stock market or sold privately. 

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