Asset Structure
The parent company Our Land Holding Ltd acquires land predominantly intended for agricultural use, with potential developments in the tourist/residential sector.
The transfer as the underlying asset of the CryptoPoint Token takes place through the issuance of a specific class of shares denominated Category L shares of Our Land Holding Ltd.
Such shares are issued at the ratio of one (1) share for every 600,000 XCPT tokens. Category L shares may be fractioned in the event of a conversion request by a holder of XCPT tokens who does not hold 600,000 tokens or multiples thereof in token form.
The conversion ratio is therefore set at 600,000 CryptoPoint Tokens (XCPT) for each Category L share and shall, even in the event of fluctuations in the prices of Category L shares and the XCPT tokens themselves, remain constantly anchored to this initial ratio in order to prevent speculative arbitrage operations that would penalize price linearity with respect to a real asset such as land and its related, albeit potentially multiplicative, proceeds.
CRYPTOPOINT CAPITAL MANAGEMENT SHALL THEREFORE ACQUIRE, WITH THE PROCEEDS DERIVING FROM THE SALE OF THE TOKENS, AS SET OUT IN THE INFORMATION DOCUMENT, AT A PRICE NOT LOWER THAN EUR 0.0006 PER TOKEN, THE CATEGORY L SHARES FROM THE HOLDING. SUCH SHARES SHALL, PURSUANT TO THE BY‑LAWS, BE LOCKED AS THE UNDERLYING ASSET OF THE ISSUED TOKENS.
Such shares shall then entitle the holder to the bare ownership and to 50% of the proceeds (understood as lease income, sales of products received as consideration, sales or leases of real estate as described above), net of administrative expenses, which shall remain borne by Our Land Holding Ltd, which shall recover them prior to the allocation calculations together with any tax burden (in any case managed under a group tax optimization approach). This additional income is, pursuant to the by‑laws of CryptoPoint Capital Management Limited permanently bound to the acquisition of new land.
Therefore, even when the sale of the available tokens (the Max Supply being limited) has been completed, the value‑creation mechanism generated by the toroidal mechanism established between the two companies shall continue without limitation.
Accordingly, the investor holding CryptoPoint Token XCPT shall at all times be aware of the properties underlying the Category L shares. Such shares shall be issued in blocks each time Our Land Holding completes a new acquisition and CryptoPoint Capital Management has the available funds to acquire the bare ownership and 50% of the proceeds through the subscription of new Category L shares.
Where CryptoPoint Capital Management Limited is more liquid, it may pre‑finance the Holding for new acquisitions and subsequently receive, as consideration for the credit, new Category L shares.
Important:
- 50% of the proceeds go to Our Land Holding Ltd which is statutorily required to purchase new land in perpetuity;
- The remaining 50% goes to the CryptoPoint Capital Management Limited to cover the recurring costs.
