Tuyanto: Bit Agro ICO (Initial Coin Offering)

What is Bit Agro Token / Coin?

AGROCOIN is a crypto coin that will become the means and guarantor of payment between users. This is a token that will become a tool for the agro-industrial market, and with the help of which users of the agro-exchange platform will be able to conduct their transactions on the purchase and sale of goods in the agricultural sector. Token AGROCOIN supports smart contract technology and was created to develop trust and positive reputation of a credit platform on the Ethereum ecosystem. AGROCOIN aims to conduct the fastest, most transparent and secure transactions.

CONDITIONS OF MODERN AGRO-INDUSTRIAL MARKET

CURRENT SITUATION IN THE AGRO-INDUSTRIAL MARKET

The data from research shows that the agricultural industry is about 25% of the global GDP, with a likelihood of more development in near future. According to the research data on the volume of investment, agricultural industry ranks first among a wide range of macro-economic areas in the developed countries of the world. It is expected that the potential of trade in the modern world will grow rapidly in the next 10 years. Consequently, the proportion of trade in increasing food security will grow proportionately.

The widespread introduction of new technologies and solutions did not leave the agrarian industry intact. The growing openness of markets around the world allows even small and medium enterprises to independently find and attract customers from other countries and enter into contracts with them for the supply of products.

DISADVANTAGES OF AGROINDUSTRIAL MARKET AND THEIR CONSEQUENCES

Of course, the development of international agro-trade could not expose some significant shortcomings that can directly affect the development of international relations in the agro-industrial sector.

Among these shortcomings, can be identified the following points:

1. Lack of knowledge and understanding of domestic and international legislation and trade rules;
2. Acute shortage of its own highly qualified specialists: lawyers and international economists;
3. Presence of intermediaries with high purchase prices;
4. Insufficiency of production capabilities that would allow producing and supplying large quantities to foreign markets;
5. Bureaucracy, which impedes the quick realization of goods due to the large number of documentary delays.

In the world market, the price of products also depends on the number of participants in the transaction, directly affecting its constant growth. Taking into account all the difficulties associated with the production and transnational sale of goods by farmers, those who want to occupy this segment of the international market are becoming less and less. There are only those players who have extensive experience, well-established international relations and schemes of buying and selling goods. This forces the rest of the competitors to compete only in the domestic markets, which leads to their excessiveness and high competition and that adversely affects the incomes of producers. The most important point here is, that the value of labor of agrarians in the public consciousness is sharply reduced.

SOLUTION

WHAT IS AGROCOIN AND AGRODEX

Agrocoin is a crypto coin that will become the means and guarantor of payment between users. This is a token that will become a tool for the agro-industrial market, and with the help of which users of the agro-exchange platform will be able to conduct their transactions on the purchase and sale of goods in the agricultural sector. Token

Agrocoin supports smart contract technology and was created to develop trust and positive reputation of a credit platform on the Ethereum ecosystem. Agrocoin aims to conduct the fastest, most transparent and secure transactions.

AGRODEX

This is a global B2B platform for trade in agricultural products and food products, as well as attracting investments without restrictions on production geolocation. Registered suppliers and customers will be able to enter into smart contracts, create exchange transactions, share related information and track the history of food prices in different parts of the world. Each product will be classified in the registry and valued at Agrocoin.

Any user has the opportunity to sell or purchase products in the foreign markets using a smartphone and not worrying about problems with logistics, cargo safety and financial losses.

Innovation of our project is expressed in the following points:

1. Ease of making deals with a smart contract;
2. Efficiency and economic benefit for all participants in transactions;
3. Security, transparency and speed of transactions based on blockchain technology.

Suppliers have the opportunity to sell their products, not limited to time and place, with the maximum benefit. Participants purchase goods in the required quantity and quality. The platform is the guarantor of the transaction between all parties through the use of smart contract technology. It provides all the necessary procedures related to the organization of logistics services, the implementation of product quality control and financial support of the transaction, providing the producer and the consumer with more opportunities in the field of foreign economic activity.

Milestones

September 2018

Origin of the idea by the Founders | Conversion of Idea into a Business Plan.

NOVEMBER 2018

Developing Core Team | Company Establishment | Developing the Agro Token.

December 2018

Technical Architecture | Phase 1 Android and IOS App Development | Starting Pre Sale.

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January 2019
Started Level 1 Marketing | Phase 2 App Completion | Completed Team Building.

February 2019

Started Bounty | Listing on ICO sites | Expanding Advisory board | ICO Preparation.

March 2019

ICO Sale Phase 1