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Purpose of $SCROOGE token distribution

Posted on 03 June 2024 01:29 pm

The $SCROOGE tokens are designed to be used and to support Aridrop on the Solana blockchain and this is the goal of the distribution.

In particular, it is highlighted that $SCROOGE:

1 - it has no tangible or physical manifestation and has no intrinsic value (nor does any person make any representation or commitment regarding its value);

2 - is non-refundable and cannot be exchanged for cash (or its equivalent value in any other digital asset) or for any payment obligation on the part of the Issuer, any Distributors or any affiliates; however, it can be traded on the exchange after listing on the AMM markets. The issuer does not undertake any commitment to the creation of markets for trading but only to listing on existing markets or some of these.

3 - does not represent or confer on the token holder any rights of any form with respect to the Issuer, Distributors (or any of their respective affiliates), or their revenues or assets, including, without limitation, any right to receive future dividends, revenues , shares, ownership rights or share, share or security, any vote, distribution, redemption, liquidation, ownership (including all forms of intellectual property or license rights), the right to receive accounts, financial statements or other financial data, the right to request or participate in shareholder meetings, the right to appoint a director or other financial or legal rights or equivalent rights, or intellectual property rights or any other form of participation in or relating to the Social Scrooge ecosystem, issuer, Distributors and /or their service providers;

4 - does not intend to represent any rights under a contract for differences or any other contract whose purpose or alleged purpose is to guarantee a profit or avoid a loss;

5 - is not intended as a representation of money (including electronic money), securities, commodities, bonds, debt instruments, units of collective investment schemes or any other type of financial instrument or investment;

is not a loan to the Company, the Distributors or any of their respective affiliates, is not intended to represent a debt owed by the Issuer, the Distributors or any of their respective affiliates and there is no expectation of profit; And

6 - does not provide the token holder with any ownership or other interest in the Issuer, any Distributors or any affiliates.

 

To the extent a secondary market or exchange develops for trading in $SCROOGE, it would be operated entirely independently of the Issuer and the Social Scrooge ecosystem.

Neither the issuer nor distributors will make such secondary markets or act as an exchange for $SCROOGE.