Excellent Facts You do not Know about Nagricoin: The New Farming ICO
After the bitcoin buzz, blockchain technology is still evolving and optimizing other entities productivity. You are what you eat, and with Nagricoin, there is a big fat secret that you don't know.
What is Nagricoin?
Nagricoin is a new form of cryptocurrency in the agriculture sector. Nagricoin is ad hoc for the transaction of Nagri (organic composite) and other agricultural products.
Nagricoin tokens will be used to promote Nagri project and fund the development of the international market for Agriculture.
It happens that the distributors have a meaty opportunity of receiving discounts if they buy Nagri products transacting them with the Nagricoin tokens. Even more lucrative, Nagricoin investors will have their fair share of discount for purchasing the tokens.
Nagri Project
Nagri is the newest organic composite formulation of microelements and antioxidants that stimulate plant growth. It’s broadest application is in plant cultivation and overall agricultural sector to improve the quality and increase the yield of crops.
The project is managed by highly experienced, qualified, and with different levels of expertise such as agriculture, management consulting, international sales, investment banking, and blockchain technologies.
According to the business plan and project forecasting, the project financing will take a total of 25 million USD.
Initial Token Offering
Fetching deeper into the development and offering of the coin, the ITO (Initial Token Offering) will be used to fund the projects of Nagri. The NagriTech International Distributors LLP pioneers the first funding is commonly known as the pre-ITO. Financing of the pre-ITO in the first round target is between 500,000 and 2,000,000 USD and around 20,000,000 USD in ITO round.
As the name sounds, pre-ITO is the initial issuing of the Tokens and the funds raised from this phase are used in ITO registration on an exchange as well as in the promotion of the marketing campaign. The total tokens will be issued at a rate of 1 Nagricoin tokens for 3 USD.
Buyback of Tokens on Exchange
To boost financial ratios and utilize the unused funds, Nagri will buyback the issued Tokens. In this case, the organization will use the 20% of sales revenue saved in an Escrow account. The repurchase of tokens during the second year forecast will be worth 8,800,000 USD while the third and fourth year will be 17,600,000 USD and 35,000,000 USD respectively. After complete repurchase of tokens, the company will not issue new tokens.
NGR tokens Buying Conditions
The company offers a full 10% discount for distribution investors to procure the product through the Nagricoin tokens. To purchase the tokens, the buyers can obtain them at the crypto-exchange or nagricoin.io, and the invoices will be issued for legal entities.
By providing support for legal entities while carrying out NGR tokens transaction, Nagri will lure more investors and increase the attractiveness of the NGR tokens. The various levels purchase of the tokens is listed in the investor's dashboard.
What is more intriguing is the allocation of NGR token. There are five groups of NGR beneficiary which comprises Nagri Team, Bounty, Advisers, Partners and sales of tokens at ITO. The issue of the token is proportionally is 12%, 2%, 2%, 2%, and 82% respectively with special terms and rewards for every beneficiary.
What’s More? The inception of Nagricoin is to proffer and facilitate the development of Nagri project. Therefore, this script will not be consummated if we overlook the importance of the project.
Benefits of the Project
Raise Funds: Nagri project will raise funds which will sustain the production of Nagri and development of agriculture in various countries. The sustainability and integration of technology in global agriculture require substantial capital.
Increase Agriculture Production: Nagri project aims to increase the agricultural production levels of different the countries. And utilizing technology is essential in optimizing production.
Increase the growth rate and nutritional value: According to research and analysis, Nagri organic composite stimulates plant growth rate and improves the nutritional value and yield by 10-30%.
Improve Ecological Compatibility: Just like machines, soil deteriorates with time due to excessive farming, and this reduces the effectiveness of forecasts. One of the project development objectives is to improve the ecological compatibility, looseness, fertility, and recoverability.
Improve the Global market: Basing on the marketing team, part of the Nagri project objective is to achieve the marketing objectives for the organic composite and also for the agricultural products. The project will improve the client base of the products and increase the market size.
Improve Transaction: The use of Nagricoin for transaction means that there is no fiat currency, no paperwork, no middlemen and no extortion but more reliability, convenience, speed, and value.
To find out more about the Nagri project and the Nagricoin download our whitepaper