Special Purpose Token (SPT2)

Special Purpose Token (SPT2)

Coin Information

Flag of Canada Canada (CA)
Blockchain icon Blockchain: Ethereum
Ticker icon Ticker: SPT2
Type icon Type: Token
Asset or Contract address icon Contract:

Market Cap

Fully Diluted Valuation

Coin Supply

Circ icon Circ.: 10 000 000 000(1%)Question Mark Icon
Total icon Total: 1 000 000 000 000
Max icon Max: 1 000 000 000 000

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About Special Purpose Token?


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 offers 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 an exchange for other currencies on any exchange that supports SPYT2/USDT.A security token implies ownership, the 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 the blockchain.

SPATs 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’ is not registered as a security to be publicly traded on a stock market or sold privately. 


Frequently Asked Questions

We currently have no price information of Special Purpose Token SPT2 available.
The circulating supply of Special Purpose Token is 10000000000.
The total supply of Special Purpose Token is 1000000000000.
The max supply of Special Purpose Token is 1000000000000.
Special Purpose Token is based in: Canada.
Special Purpose Token is a token running on the Ethereum blockchain.
The contract address of Special Purpose Token is 0x47cbd418af50fcde59eaf7678c9d8531803569c9.

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SPT2 Markets on Crypto Exchanges

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