What is Global Shrimp Coin?
"Global Shrimp" is launching the first-ever crypto coin backed by a high yielding and profit-making shrimp farming enterprise based in Peru. There will be a max cap of just 10 million tokens with a lock-in of three years however tradable on the CGX Exchange, HitBTC Exchange. The ICO is raising $50 million and will own 20% equity shares in the holding company Global Shrimp YG Holding Limited. Dividends will be distributed via cryptocurrency to those holding the tokens on an annual basis.The team consist of industry veterans and super intensive shrimp farming specialists. "Global Shrimp" has tied up with a Caymen Island-based company "CryptoGenX Ltd" to launch the world's first dividend paying equity backed cryptocurrency global shrimp coin (GSD)
GLOBAL SHRIMP INDUSTRY OVERVIEW
Shrimp has become a very big business in the global market and is one of the most competitive in the world. The farmed Whiteleg Shrimps segment is valued at US$ 14 billion in 2017 and is expected to increase at a CAGR of 5.8% over the forecast period. The segment is expected to be valued at just under US$ 25 billion by the end of 2027.
Company Objectives
CONSTRUCTION: To complete construction of 125.5 hectares of superintensive and biofloc ponds, phase one (120 weeks), Global Shrimp CoEx, S.A.C
HARVESTING: To commence harvesting in week 36 from the start of construction with respect to each module
BROOD & HATCHERY: Also in 120 weeks, to complete construction of broodstock and hatchery facilities with the capacity of 100 million larvae per month by the end of phase one.
KEYS TO SUCCESS
The demand for shrimp continues to expand, as world population grows and diets change to reflect increasing nutritional awareness. In addition, the amount of wild-caught shrimp globally has decreased and will continue to decrease, due to overfishing, and this has created and will continue to create, increasing opportunities for farmed shrimp.
TOKEN SALE
Token Standard - CGX Shield
Tokens Issued 10,000,000 GSD (locked for 6 months by smart contract)
GSD Token Symbol - GSD 1 token = $5
March 10 –March 30, 2018
20% discount ( 2,000,000 GSD )
Soft Cap: 10,000,000 USD April 1 –April 15, 2018
10% discount ( 2,000,000 GSD - 10,000,000USD )
Round#2
April 15 –April 30, 2018 - 6,000,000 GSD
Hard Cap: 30,000,000 USD
The ICO ends on
May 10, 2018
