Cryptöagle: Difference between revisions

The “Soaring Legal Eagle Acquisition Crypto Corporation”, as cryptoagle is officially known, will launched by initial token offering. All funds raised (in used, unmarked [[US dollars|dollars]] in brown paper bags please) will be used to mint and then acquire [[non-fungible token]]s — [[JollyCoin|JollyCoins]] — which will be [[deemed]] to be [[an amount equal to]] an artistic representation of [[cryptöagle]]’s shares, which will initially be ordinary shares of a limited liability company.  

The JollyCoins will not confer direct [[Ownership|legal ownership]], of for that matter any other rights, title or interest, in or to the [[cryptöagle]] shares. Recognising that this may seem sub-optimal to less credulous potential investors,once the crypto-tokens have been minted, to ensure the primacy of the on-chain investment, the [[C-SPAC]] promoters have resolved to ceremonially ''pre''-destroy all the legacy [[offworld]] shares as a condition precedent to subscription. This will be achieved by the novel legal technique of [[constructive]] corporate liquidation: than incorporating and then removing [[cryptöagle]] from the companies register, the [[C-SPAC]] promoters propose not to even incorporate the company in the first place, therby ensuring no possible, thus shearing the JollyCoins of any taint, discolouration or other unpleasant residue of the [[trad-fi]], the [[offworld]] physical economy or economic reality

 

Not referencing anything whatsoever, not backed by anything, neither explained, defended, justified or needed by anyone or anything, they are untethered from the physical universe and can float free to drift quickly towards the moon.