- Deployment of the main network with everything necessary for its normal operation (pools, explorer, wallets and discord group...).
- Deployment of tokens (SHARES, EURX).
- Sale of the SHARES token to finance the company.
- Incorporation of a new company before a notary. (CExpicy Solutions SLU).
- Deployment of the crypto exchange.
This token will serve as company shares that the investor can obtain to gain benefits and obligations in our company, becoming a SHAREholders
We will issue ten thousand pieces; as the sole partner of the company, I will keep 51% of these pieces and put the remaining 49% (4,900 SHARES) up for sale.
We will issue this token to improve the tracking of our business accounting.
Benefits SHAREholders:
1) Right to DividendsProbably the best-known right is the right to the dividend generated by the company.
This is the portion of the company's profit that is distributed among all shareholders, according to the percentage of shares they own.
For example, if you own 30% of the company's shares, you will be entitled to the same percentage of the profits.
Dividends can vary and take different forms depending on the decision of the Shareholders' Meeting.
However, whatever the meeting's decision, legal requirements will always take precedence.
2) Right to a Share of Liquidation ProceedsIf the company were to be liquidated or dissolved, shareholders have the right to receive their corresponding share of the liquidation proceeds.
Similarly, if a shareholder owns 25% of the shares, they will be entitled to one-quarter of the amount for which the company is liquidated.
3) Right to Transfer SharesShareholders have the right to transfer their shares without any restrictions if the company is publicly traded.
If the company is not publicly traded, shareholders still have the right to transfer their shares, but this right is not absolute.
This freedom is subject to the company's articles of association and its liquidity.
4) Right to Free AllocationIf the company increases its capital using its reserves, as a shareholder you have the right to receive the allocated shares without having to pay any money and without any conditions.
5) Right to Call a Shareholders' MeetingAll shareholders representing at least 5% of the company's capital have the right to call a Shareholders' Meeting.
They also have the right to include any agenda items they deem appropriate at the meeting.
If your shares do not reach 5% of the company's capital, you can still convene the meeting jointly with other shareholders.
If the total of all shares meets the 5% requirement, the General Meeting can be convened.
Furthermore, if the company's management refuses to hold the convened General Meeting, a judge could compel them to do so.
6) Right to InformationShareholders have the right to be fully informed about the company's situation.
Shareholders can consult the annual financial statements, the management report, or any other document necessary to be properly informed.
In addition, at a General Meeting, they can verbally request any explanations necessary to ensure this right is fulfilled.
7) Ownership RightsShareholders do not lose their status due to changes in the company, such as mergers or share swaps.
Right to Challenge Corporate ResolutionsIf the Board reaches resolutions that are contrary to the bylaws, the law, or the shareholder's own interests if their investment is affected, they have the right to challenge these resolutions.
Shareholders may exercise this right individually or jointly with other shareholders.
9) Right of WithdrawalIf the company changes its corporate purpose, transforms into a general partnership, or changes its registered office to a foreign country, shareholders have the right to receive the amount corresponding to their shares in the company.
10) Right to Attend, Speak, and Vote at Shareholders' MeetingsShareholders have the right to attend Shareholders' Meetings. Furthermore, they have the right to speak and vote on the matters decided at these meetings.
The minimum shareholding required for a shareholder to exercise this right will be determined by the company's bylaws.
11) Preemptive RightIf the company increases its capital by issuing new shares, the company's shareholders have preferential rights to acquire those shares, even though they may later be offered for sale on the market.
Shareholder ObligationsWe have already seen some of the rights of shareholders. And, as is usually the case, every right comes with an obligation.
Let's look at some of the obligations of shareholders:-- To personally perform the duties assigned to them.
-- To be liable for the company's debts and losses, in proportion to the capital they have contributed.
-- To fully repay the amount corresponding to their contribution within the period stipulated by the company.
-- To ensure precise and meticulous compliance with all resolutions adopted at the General Meetings.
