Work Force Coin

Work Force Coin

Real Estate Investment Company

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Security Type
Non-Voting Equity
Categories
Other
Min Investment
$100
Location
South Jordan, UT
Offering Date
February 08, 2019
Expected Close Date
May 01, 2019
Target Raise
$10.00K-$1.07M
Deal Notes

Terms of Tokens

Work Force Coin Tokens

Description:  Work Force Coin Tokens will represent a single Class B Membership Interest of the company, with rights and preferences as designated in the Operating Agreement and summarized in the Offering Document.

  • Blockchain: Work Force Coin Membership Interest is on Etherscan The Ethereum Block Explorer ERC-20
  • Exchanges: We intend to list tokens on a crypto-exchange, but this may change, pending approval to list on such exchanges, changes to the regulatory landscape, or any other reason.  Security Tokens may be eligible for trading on SEC approved alternate trading platforms as they become available.  There is no guarantee that such a trading platform will be available at that time.

Material Terms:

  • Voting Rights: 1 vote per Membership Interest
  • Restrictions on Transfer: 1 year from closing of this Offering
  • Dividends/Distributions: Available Funds. The Company may, in the sole discretion of the Managers, distribute to the Members, at annual intervals, any Available Funds remaining after the reservation of a reasonable fund to cover the operation of the Company.Allocation. The Company will make all Distributions to the Members in proportion to their Membership Interests. (see Operating Agreement attached as an Exhibit to the Offering Memorandum for a complete set of terms.
  • Other: see Operating Agreement for a complete set of terms.

Please see Offering Document for complete set of rights and preferences.

The Company currently does not have a functional distributed ledger based business model nor a blockchain based token and there is no guarantee that such will be developed in the future. The promise of future tokens is contingent upon the successful development of such items.  There is no guarantee that successful development will ever occur.  The right to receive future tokens and the offering of future tokens is being offered as part of this offering exempt from registration under Regulation CF.  

Company Description

CORE BUSINESS MODEL:START-UP STAGEInvest in Work Force Coin Membership Interest Our plan is to purchase distressed properties valued at least 15% below market value (minus repair costs), rehab them, and then flip them for profit.  Join us in tying real estate properties acquisitions to coalese cryptocurrency to a real asset real estate.

Use of Proceeds

Intermediary Fee: 6%

Real Estate Investments: 9% - 64%

WFC Platform: 20%

Marketing: 8%

Misc: 2%

Management Team / Advisory Board Bios

Mark Hayes - CEO, Co-Founder and Manager
With over 30 years in the real estate business, Mark Hayes is a Business Owner and an independent Real Estate Investor. He's negotiated acquisitions and handled divestments of business and real estate projects. Past 3 yrs Real Estate Investor: Private Account: 01/15 to 01/18. Currently works full-time with WFC since March 2018. No others positions held.

Ethel Hayes - President Acquisitions & Divestment, Co-Founder and Manager
Ethel Hayes has over 20 years in the real estate and investment business. She's negotiated acquisitions, handled divestments of businesses, and negotiated real estate contracts. Currently works part-time at WFC - 36hrs/wk since March 2018. Her primary job is at AutoClub of Southern California where she currently works full time as an Auditor, Dates:07/1997 to present.

Deal Notes

Terms of Tokens

Work Force Coin Tokens

Description:  Work Force Coin Tokens will represent a single Class B Membership Interest of the company, with rights and preferences as designated in the Operating Agreement and summarized in the Offering Document.

  • Blockchain: Work Force Coin Membership Interest is on Etherscan The Ethereum Block Explorer ERC-20
  • Exchanges: We intend to list tokens on a crypto-exchange, but this may change, pending approval to list on such exchanges, changes to the regulatory landscape, or any other reason.  Security Tokens may be eligible for trading on SEC approved alternate trading platforms as they become available.  There is no guarantee that such a trading platform will be available at that time.

Material Terms:

  • Voting Rights: 1 vote per Membership Interest
  • Restrictions on Transfer: 1 year from closing of this Offering
  • Dividends/Distributions: Available Funds. The Company may, in the sole discretion of the Managers, distribute to the Members, at annual intervals, any Available Funds remaining after the reservation of a reasonable fund to cover the operation of the Company.Allocation. The Company will make all Distributions to the Members in proportion to their Membership Interests. (see Operating Agreement attached as an Exhibit to the Offering Memorandum for a complete set of terms.
  • Other: see Operating Agreement for a complete set of terms.

Please see Offering Document for complete set of rights and preferences.

The Company currently does not have a functional distributed ledger based business model nor a blockchain based token and there is no guarantee that such will be developed in the future. The promise of future tokens is contingent upon the successful development of such items.  There is no guarantee that successful development will ever occur.  The right to receive future tokens and the offering of future tokens is being offered as part of this offering exempt from registration under Regulation CF.  

Amount Raised : $11,335
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Security Description

Non-voting stock is stock that provides the shareholder very little or no vote on corporate matters.

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