Shrimp industry is one of the highly profitable industries that is expected to value around $67 Billion USD worldwide. The first cryptocurrency that is being backed by the shrimp industry is Global Shrimp coin (GSD). The Pre-ICO token campaign is aimed to raise $50 million USD. GSD also offers discount of 20% in the extended Round 1 of the token offering. Shrimps are in great demand in the last decade and it is estimated to grow six-fold, accounting for 60% of total exports from Peru.
Shrimp business in Peru is estimated at 16,000 MT as of 2016. As of now there are about 3,000 hectares of shrimp farming and is expected to grow with the complete construction of super-intensive & biofloc ponds and commencement the harvesting on each module. The harvest will result in 20,000 tons per year.
Currently, shrimps are being produced under three systems: Extensive (traditional), semi-intensive and intensive.
The extensive or traditional system is a type of production method with large ponds and no oxygenation system. The investment is relatively low and the average yield is also low.
Semi-intensive adds some improvement to the traditional one with well oxygenation system and improved feed quality. It needs an investment of $80,000.
The intensive is the most sought after shrimp farming method intensive oxygenation system and daily water replacement.
Investing in Global Shrimp Coin (GSD) is easy as the industry is having the reputation of being highly profitable on its own. Global Shrimp Coin (GSD) has two important features that completely entices investors. One is the dividend feature and other is bounty campaign. Investors can buy GSD tokens and opt to hold the tokens from 1 year to 5 years. The token-holders will receive the dividends from the profits of the said company. This way token-holders can receive profits from GSD without any hitch.
Next is the Bounty Campaign that contains a set of tasks that has to be completed by oncoming participants. These set of tasks include the marketing of GSD in social networks. As the tasks are completed by the participants they are paid in GSD tokens for the services completed. They can choose to hold the tokens or exchange it in CGX and HitBTC exchange.
Conclusion
Global Shrimp Coin (GSD) has the potential to impact the cryptocurrency market. As of now, Shrimp farming industry numbers are projected to increase at a CAGR of 5.8% over the forecast period. For investors, the Round 1 of pre-sales ICO campaign is extended with 20% discount where investors can invest their dime into GSD for higher returns.