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 the cover page). It is intended to be used as a means of payment for goods and services, if, where, and when accepted. In addition to being exchanged for other currencies on any exchange that supports SPTP/ETH, SPTP/BTC, SPTP/USDT, and possibly others, a security token implies ownership, a share of profits (see disclaimer section on the cover page). It must be registered as a security in some jurisdictions, such as the United States of America.

What is a Special Purpose Token (SPT)?

Special Purpose Tokens, or SPTs, are non-operating project tokens designed to identify and purchase a private or publicly traded company, linking the acquisition target to the blockchain.

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