Gric Coin Review

Our Vision

The Gric Coin vision is to create a decentralized open-source currency before the end of 2019, that is focused on improving agricultural practice and increase agricultural output globally with the major focus on Africa.

Our Mission Statement

THE FARM AND BLOCKCHAIN PROJECT

By the end of our ICO in February 2019, we will purchase a 1000 acre of farm land where we will set up our farm and processing factory to process and package all our farm produce to meet international food processing and packaging standards.

In the 2nd quarter of 2019, our Blockchain website should be ready for use in product verification and prevention of imitation and food fraud.

GRIC COIN UTILITY PROJECT

By the last quarter of 2019, we would have upgraded our Farmpartner.ng platform, create apps for it and make it available for investors to invest on live farm projects with Gric Coin, get local farmers to do the hard work and pay back investors their initial investment and the agreed return on investment.

THE GRIC COIN ADOPTION PROJECT

From the first quarter of 2020, we will start partnering with other businesses for the adoption of Gric Coin and our block chain system. The adoption of our system will result in business adopting the standards we set on our system and help them in preventing imitation and food fraud.

Problem

Lack of finance for agricultural projects

According to Africa Agricultural Status Report 2017, the African food market continues to grow at a robust basis. The World Bank estimates show that it will worth US$1 trillion by 2030, up from the current US$30-50 billion. This translates into a high growth rate on annual basis. To achieve the projected growth, corporate bodies and individuals will have to invest huge sums in the agricultural sector. But the requisite investments or funds are drastically lacking

Lack of standardization in processing and packaging of agricultural produce

According to world health report, as the food production in Africa increases, there will be a critical need for standardization of agricultural produce in the continent. For instance, one of the most common agricultural produce in Nigeria is Garri. Almost every adult in Nigeria eat Garri at least once in a week. While about 90% of adult eat it at least once a day. Though the produce is very common, yet the issue of standardization made it very frustrating for people from one region of the country to buy Garri from another region as there is no common standard at which it's prepared and packaged. Similar issues adversely affect almost all the food produced in Africa.

Lack of transparency

Transparency is essential to ensure a climate of trust and confidence that fosters business and industrial development. Transparency gives investors, shareholders and stakeholders the tools they need for proper accountability from business. This accountability helps improve lives, build trust and increase investment. With the issues of corruption at all time high in Africa, people investing in business lack the tools needed for accountability thereby discouraging shareholders and other stakeholders from financing even the great business opportunities

Imitation and counterfeiting of processed and packaged agricultural produce (food fraud)

One of the critical problems plaguing the agriculture and food sector in many African countries is the food fraud including fake food items, imitation and counterfeiting of processed and packaged agricultural produce, etc. This has caused great losses including numerous deaths. For instance, in February this year, 14 years old Nahima and Yayaya died after eating biscuits at a classmate’s birthday celebration in their school in Abuja, Nigeria. Several other children in their class were hospitalized and the panic led to temporary closure of the school. Food fraud not only leads to countless deaths, but also costs the global food industry over $10 billion annually as per United States’ grocery Manufacturers Association. Research by the confederation of Tanzania Industries estimated that over 50% of all food items imported into Tanzania are fake

Solution: Our Model

The Gric Coin Project is a decentralized open source blockchain project that is created with focus on the agricultural Sector. The Gric Coin Project is designed by professionals and farmers, with over 35 years farming and agricultural industry experience between them, to resolve the real problems that seriously hamper the growth and development of the agricultural and food processing industry.

The Farm Project

This involves the purchase of 1000 acres of land for mechanized farm and processing industry for farm produce. The farm project includes our farm, processing industry and the blockchain website that will be used for product authentication and verification. The same is depicted in the step-wise manner as given below:

The Coin Utility Project

This involves the upgrading of our www.FarmPartner.ng project and creating of apps for the site from fund generated from the ICO. In this project, investors will visit our FarmPartner website, pick from a range of farm businesses in various part of the African continent, - each of the farm business comes with specific cost and return on investment. Investors can pick a farm of their choice and invest in it with our Gric Coin. At the end of the agreed period, the investors will be paid back their initial investment and agreed return on investment.

Gric Coin will be the only acceptable means of payment on the FarmPartner website. This will drastically increase the usage of our coin and create more demand for scarce resources.

Service Adoption

This involves other businesses adopting our Gric Coin project service and blockchain system to create standard in their agricultural business. We strongly believe that our coin and site adoption would be done by other businesses with the passage of time.

The Gric Coin Utility Project

The Gric Coin utility project is a great opportunity for investment in live agricultural business for Gric Coin token holders. With the utility project, we are bringing in our FarmPartner finished product into our current project to create utility and investment income for our token holders. With the ether raised, we will revamp our FarmPartner website and build a mobile app for it. The FarmPartner website is depicted as under:

How It Works

FarmPartner gives you the opportunity to invest in viable farm projects. Our experienced farm professionals with over 25 years’ experience in between them sort out viable agricultural farm land for farm projects, draw up farm project plan for the land, and hand over the plan to our management team for profitability assessment.

If we think a project is viable and profitable, we upload it on FarmPartner.ng for you to buy a share of its cost. We help you with the toughest parts of doing all the hard work required for profitable investment. We sort the land, make the plan, and give you the chance to invest. When you invest, we do the actual farming for you. The Gric coin project is elaborated in the following schematic diagram:

Earn Returns on Investment

FarmPartner pays returns on the investment made. The rate of return will always be declared prior to your investment along with the duration of the investment. At the end of the investment period, FarmPartner will pay your initial investment and the return on investment. It is illustrated below:

How Gric Will Be Useful:

Gric Website and App: Gric website and app will provide accurate and reliable information to the buyers and sellers about the food products as well as about the market conditions.

Quality: Our users will be able to get the genuine and standardized food products providing the best quality and value for money

Trustworthy Database: Gric has a decentralized and transparent database on the immutable blockchain where the information is impossible to fraudulently modify and can be relied on over time.

Gric Records and Reports: The information collected by Gric will be used to create transparent and reliable records that will be available for the farmers and consumers.

Why Gric is a future leader:

Insightful Data: Gric aims to collect the proper data of the food products. This will provide a more complete and accurate picture of the farms, agriculture produce, and processed food products.

Safe Ecosystem: With the help of Gric ecosystem, the consumers and investors will have access to a number of features including deep analytics regarding the food products, reliable and well-informed decisions to buy the food products, etc.

Blockchain Technology: All the information about the food products will be stored on the blockchain. Our investors, farmers, and users will have access to this information.

Hardware and Equipments: Gric would use the state-ofthe-art technologies, hardware, and equipments for farming. We will work with multiple carriers and distribution channels for the most convenient and efficient distribution possible

TOKEN DETAILS

Why should I invest in Gric coin ?

Gric Coin is an Agricultural Project with a future. When you invest in Gric Coin Project, you are investing in 3 in 1 project. Every milestone reached on our farm and Blockchain Project can reflect positively on Gric Coin, resulting in higher demand and price increase of coins value thereby increasing the value of your holding.

Good Returns

You can use your Gric coin as payment in our Utility Project and earn good returns on your investment.

Future of Agriculture

By purchasing Gric Coin, you will be investing in the future of agriculture.

A Good Step

Your purchase of Gric Coin will help create employment for hundreds of farmers that will be employed on our farm.

Continuous Return

Every year Gric Coin holders will receive 20% of the Gric Coin Project net profit which includes the Farm / block chain site, farmpartner project and the adoption project.

So join now and invest at https://agric.io/

Source- https://agric.io/

MORE INFORMATION :

WEBSITE: https://agric.io/

WHITEPAPER: https://agric.io/wp-content/uploads/2018/08/GRIC_GC_ICO.pdf

FACEBOOK: https://m.facebook.com/griccoin/

TWITTER: https://twitter.com/griccoin/

TELEGRAM: https://t.me/griccoin1

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BOUNTY THREAD : https://bitcointalk.org/index.php?topic=5053398.0

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