Food is essential for human beings to stay alive, and on top of that fact there is a whole industry of food products, that is dependent on agriculture industry. Development of the agricultural industry is not in line with the importance of the industry for general population. It is hard to buy and sell products from producers and states are in control of import and export trading for larger quantities. State control provides different trading rules and legislation within countries and regions, which are hard to understand and require intermediary companies for trade, which increase final price for products for users, but also cut the price for producers and reduce their income.
One of the solutions for this issue is Agrocoin and AgroDex exchange, that will enable producers to independently communicate with partners from the whole world. That will provide better price for them, and reduce the price for users. Producers will be able to communicate better price for themselves and to support their production process with new investment and development.
AgroCoin is foreseen as crypto coin that will be the mean and guarantor of payment for the ecosystem. Users on the exchange are able to conduct their transactions in AgroCoin, and plan is to become the most influential means of payment in agricultural industry. AgroDex shall be global business to business exchange for agricultural and food products. Suppliers and customers will be registered and verified on the exchange, and could trade without intermediaries, which reduce provisions and total price, while increase their profits and provide incentive for future cooperation, and provide security and transparency.
Coin is issued by AgroExchange Estonia, and it is based on ERC-20 protocol and Ethereum blockchain, with mobile application planned as part of the development. IEO sale, third phase, is planned in June 2019 and secured transaction system is foreseen until October 2019.
Project website: https://bitagro.io/en/
Project whitepaper: https://bitagro.io/wp-content/uploads/2019/03/Agro-Exchange-WP1.2.pdf
Author: https://bitcointalk.org/index.php?action=profile;u=1573369