$SIMP Utility Tokens

The native cryptographically-secure fungible protocol token of the SO-COL platform (ticker symbol $SIMP) is a transferable representation of attributed native governance token and economic incentives designed to be used solely as an interoperable utility token on the platform.

$SIMP which will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem on the SO-COL platform, thereby creating a mutually beneficial system where every participant is fairly compensated for its efforts. $SIMP are an integral and indispensable part of the SO-COL platform, because without $SIMP, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on the SO-COL platform. Given that additional $SIMP will be awarded to a user based only on its actual usage, activity and efforts made on the SO-COL platform and/or proportionate to the frequency and volume of transactions, users of the SO-COL platform and/or holders of $SIMP which did not actively participate will not receive any $SIMP incentives.

$SIMP does not in any way represent any shareholding, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will $SIMP entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in the British Virgin Islands, Singapore or any relevant jurisdiction. $SIMP may only be utilised on the SO-COL platform, and ownership of the same carries no rights, express or implied, other than the right to use $SIMP as a means to enable usage of and interaction within the SO-COL platform. The secondary market pricing of $SIMP is not dependent on the effort of the SO-COL team, and there is no token functionality or scheme designed to control or manipulate such secondary pricing.