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Shrimp farming is one of the most profitable seafood industries right now. The increase in production of Shrimp farming around the globe is attributed to the entry of technology in the market. The major parts of shrimp farming are the water treatment, maturation, spawning, and larval rearing. This blog post is about how shrimp farming can be made more efficient.

Pros and Cons of Shrimp Farming

The main pros of shrimp farming are that the entrepreneur can raise a lot of funds and profits from it. The 3 types of shrimp used are Pacific White Shrimp, Black Tiger Shrimp, and Chinese White Shrimp that are grown artificially in a sealed pond with nutrients and antibiotics to curb the onset of diseases among shrimps. Countries such as Japan and US have a higher demand for shrimps as a huge part of their diet includes Shrimp. To meet this demand, this is definitely an eco-friendly way of producing large quantities of shrimp to meet both domestic and commercial consumption.

For every industry, there is certainly a list of pros as well as cons with it. Shrimp farming comes with some cons of its own like damaging the ecosystem by polluting the water, soil, etc. The artificial nutrients for the shrimps can cause Algal Blooms and reduce the much-needed oxygen content in the water. There is always the spread of infection among the shrimps which will eventually lead to contamination of the artificially grown shrimps.

Global Shrimp Coin (GSD): Dedicated Cryptocurrency

With all the information going on about Shrimp farming, there is a cryptocurrency on the market that is backed by the shrimp farming industry based out of Peru. Initially, the max cap is only about 10 million tokens with a lock of three years. After the holding period, the tokens are tradeable on the CGX Exchange and HitBTC Exchange. GSD is expected to raise about $50 million and the Global Shrimp YG Holding Ltd. will own 20% of equity shares.

GSD is the one of the cryptocurrencies to provide dividends to its tokenholders. Round 1 of the presales ICO is still going on with a 20% discount and investors can invest their money into GSD who need higher returns. GSD also provides bounty campaigns for participants to complete tasks set by the company and receive GSD tokens for the tasks completed.

The Shrimp farming industry numbers are projected to increase at a CAGR of 5.8% over the period of forecast. The segment is also expected to be valued around $25 Billion USD by the end of 2027. This is the right time for investors to invest in GSD to gain higher returns.

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