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.