AgriDex is a digital marketplace driven by blockchain that seeks to optimize agricultural trading. It offers a cost-effective and rapid settlement system with complete transparency throughout the agricultural value chain. The platform tackles major issues in agriculture, such as hefty remittance fees (generally ranging from 3-6% per transaction, potentially reaching 10% with foreign exchange variations), limited producer profits, complicated sustainability verifications, food fraud, and inadequate traceability across different jurisdictions.
Henry Duckworth, the CEO of AgriDex, founded the platform, drawing from his extensive experience in African family farming and a commodities trading position at Trafigure. AgriDex utilizes blockchain technology to boost transparency and streamline agricultural transactions. Backed by the Solana Foundation and partners like Circle, Stripe's Bridge, and Bastion, the platform deploys smart contracts and USDC for near-instant settlements, slashing remittance fees to less than 0.5%. Sustainability credentials are securely recorded on the blockchain, enhancing traceability and environmental, social, and governance (ESG) transparency. Moreover, integration for converting to and from stablecoins provides equitable access to financial tools for emerging markets.
What is Agridex Governance Token (AGRI)
The introduction of the $AGRI token is a crucial part of AgriDex's strategy to establish a more streamlined, open, and equitable agricultural marketplace. This token aims to cut down transaction costs, enable quick settlements, and boost community participation through governance involvement. It facilitates marketplace integration, allowing users to enjoy reduced fees while accessing vital agricultural data, financing solutions, and sustainability measures. The token's initial utilities include:
1. **Governance** - Token owners gain voting rights, enabling them to propose and vote on changes to the platform. Users who actively participate in the ecosystem obtain more governance power, fostering greater involvement.
2. **Buyback & Redistribution** - AgriDex can use profits to repurchase tokens and redistribute them to essential contributors, rewarding community members who propel the project's achievements. This ensures users benefit from AgriDex's success.
After launch, token holders eligible for the DAO will vote on the following utilities:
A. **Market Insights** - Pay monthly to access valuable insights, ensuring consistent demand for the token while aiding smarter farming choices.
B. **Liquidity Pool Rewards** - Offer liquidity for loans through liquidity pools in exchange for rewards.
C. **Impact Farming Fund** - Use the $AGRI token for crowdfunding, allowing investors to pool their tokens into an "impact farming fund" to back promising farm projects. Successful projects yield returns or special rewards (like token rewards or exclusive farm merchandise) for holders and support sellers/producers through donations.
D. **Data-On-Demand** - Enable sellers to commission insights, reports, or advertising.
E. **Environmental and Social Rewards** - AgriDex plans to create a staking system where holders can stake $AGRI for rewards, with a portion of the staking profits going towards environmental or agricultural development initiatives. This way, holders earn returns while also funding sustainability projects spearheaded by the AgriDex Foundation.
How many AGRI tokens are there in circulation
The total supply of AGRI tokens is set at 1,000,000,000. At the Token Generation Event (TGE), 75,000,000 AGRI tokens will be in circulation, with the rest being distributed gradually.
Where can I buy AGRI
The AGRI token will be available on platforms such as Gate.io, VALR, MEXC, and BTSE at the Token Generation Event (TGE).
