Song Dynasty, Su Shi, Running Script in Chinese Calligraphy, Poem on Hunting Outside Mizhou, Rare Hanging Scroll

MICHO #002

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Estimate15,000,00025,000,000 USD
Total Shares10,000,000 MICHO
Amount to public9,200,000 MICHO
Total Sales9,200,000 MICHO
Offering Price
0.1 USD / MICHO

Share Name: MICHO

Issuer: Japanese Collector Family

Number of Shares: 10,000,000 (Public Offering: 92%)

Initial Offering Price Per Share: $0.1 / MICHO

Eligibility: Whitelisted users only


Holder Rights

1. Physical Ownership Rights

The physical ownership of the collectible is jointly held by all MICHO Shareholders.

Each 1 MICHO Share represents one ten-millionth (1/10,000,000) of the ownership interest in the underlying physical asset.

2. Proposal Rights

Any holder who owns more than 3% of the total MICHO Shares is entitled to initiate proposals, including but not limited to:

Decisions on external exhibitions or loans

Decisions on whether to consign the collectible for auction

IP licensing and derivative product development

3. Voting Rights

MICHO Shareholders may participate in proposal voting by staking their shares, such as voting on whether the physical collectible should be consigned to top-tier auction houses including Sotheby’s or Christie’s.

When affirmative votes reach 51% of the total MICHO Shares, the Platform shall execute the approved proposal and proceed with the auction process.

Net proceeds generated from the auction shall be distributed to all shareholders in proportion to their shareholdings.

Upon completion of distribution, the relevant MICHO Shares shall be uniformly burned.

4. Revenue Rights

MICHO Shareholders are entitled to receive revenues in proportion to their holdings, including:

  • Income from external exhibitions or loans
  • IP licensing revenues
  • Revenues from derivative product issuance

Revenue distribution shall be conducted based on shareholding snapshots taken at designated points in time.

5. Mandatory Acquisition Rights

After the secondary trading mechanism is enabled, any individual or concerted party holding 67% of the MICHO Shares shall have the right to initiate a mandatory acquisition offer to the remaining 33% of shareholders, at the average market transaction price over the preceding seven (7) calendar days.

6. Physical Delivery Rights

When a single holder accumulates 100% of the MICHO Shares,

the holder may apply to the Platform for physical delivery and confirmation of ownership.

Upon completion of physical delivery, all MICHO Shares shall be uniformly burned.