This project established a company in Africa, Africa has about 51 million farms of which about 80% are smaller than 2
acres in size, as per the research study conducted by Lowder, Skoet & Raney in 2016. Most of these farms are poorly managed due to lack of finance, and in most cases do not have the facilities to process their produce. Consequently, they end up selling their produce with very low margin to the big farms or the industries that process these items and make more profit from it.
The African agricultural market is like a virgin market waiting to be tapped. 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 projected growth is so large that any firm that goes into farming with the right strategy will have very big opportunities for growth, expansion and profit making. The African continent holds the world's largest proportion of agricultural land with 1.2 million hectares of land, as per telegraph.co.uk. Annually, Africa imports food worth over $35 billion, and this estimate is expected to rise to $110 billion by 2025. Most of the food items imported are the ones that can be processed locally. But this needs proper resources and facilities with commensurate investments. Businesses are waking up to the opportunities presented by a rapidlygrowing food market in Africa, that may be worth more than US$1tn each year by 2030 as imports are substituted with high-value locally-produced food as per the Africa Agriculture Status Report. According to the report, agriculture will be Africa’s quiet revolution, powered by the smart investments in the food system.
Gric aims to create a brand that will become a benchmark in the agricultural industry, eliminate imitation, counterfeit food and improve food. It brings about transparency with the help of blockchain, and makes vehicles for people to invest in real-life agriculture and get their investment returns.
The Gric Coin project will share profits with coin holders at the annual premise. During the fixed period, we will distribute around 20% of the profits generated in the agricultural / processing industry with all our coin holders. That will not be done through a smart contract. The use of Gric coins for investment in our agricultural partner projects will increase the use of coins and help increase the wealth of coin holders.
Vision of Gric Coin
vision is to create decentralized open-source currencies before the end of 2019, which is focused on improving agricultural practices and increasing agricultural yields worldwide with a major focus in Africa. FARM AND BLOCKCHAIN PROJECT
Mission of Gric Coin
Statement At the end of our ICO in February 2019, we will buy 1,000 hectares of farmland where we will establish our processing and processing plants to process and package all our agricultural products to meet international food processing and packaging standards.
About Token Gric
GRIC Token is built on the Ethereum blockchain. Gric token is built on the best crypto platform ERC-20 (Ethereum platform). That means fast transactions, very low fees, and the unlimited growth possibilities. Ethereum is an open-source project which allows creation of smart contracts and provides users with a secure and fast transaction system.
GRIC will implement a comprehensive plan for marketing. We are planning multiple approaches of digital marketing such as banner ads, press releases, signature campaigns and social media. We will list our ICO on the leading cryptocurrency exchanges. GRIC has a pragmatic financial plan as a part of the overall strategy. In its operations, GRIC will focus on the bottom-line from the very beginning to achieve the profitable growth and sustainability. The biggest chunk of funds raised would be invested in buying 1000 acres of land for farming.
The GRIC team comprises of highly experienced and qualified professionals. The management has a great depth and breadth of exposure and hands-on experience across various domains in agriculture, farming, food processing, blockchain technologies, cryptocurrency/digital currency space, finance, marketing, etc. We will pay about 20% of Gric Coin project profit to our token holders on a set period every year.
GRIC COIN UTILITY PROJECT
In the last quarter of 2019, we will improve our Farmpartner.ng stage, make an application for it and make it available to financial specialists to invest in living agricultural projects with Gric Coin, get local farmers to do hard work and pay back their speculators . agreed initial investment and return on investment.
ICO Details
- Name: Gric Coin (GC)
- Type: ERC20
- Platform; Ethereum
- Exchange Rate: 1 GC = 0.007 USD
- Currency Received: ETH, BTC, LTC, ETC, XRP
- Minimum Purchase: 2500 GC
- Starting: November 1 (00:00 GMT)
- End: November 31 (23; 00 GMT)
- Soft Cap: 1,000,000 USD
- Hard Cap: 25,000,000 USD
The cryptocurrency market
The cryptocurrency industry has been revolutionary and trailblazing in its formative years. The number of active cryptocurrencies has crossed the landmark of 2000. The total market capitalization of cryptocurrencies is above the $250 billion mark. The total value of daily transactions in the cryptocurrencies is around the $10 billion mark. The cryptocurrency market has shown a meteoric rise in the value and volume, particularly since 2016.
The biggest challenge to cryptocurrency use is the unstable nature of its prices. The cryptocurrency market saw a great increase in its market cap between 2016 and 2017. But, there have been large fluctuations in their values since December 2017. The price of Bitcoin has risen astronomically over past years with a great deal of volatility. Bitcoin prices, for instance, recently declined from $19,500 to $6,500 over a period of four months. However, the cryptocurrency markets have exhibited some sort of stability in the last couple of months. This is a positive for the new ICOs and cryptocurrencies, as well as the ICO founders and the entrepreneurs.
Goal
We have strategically set the funding goal for the crowdsale. Through our Pre-ICO and ICO, we aim to raise funds between $10,000,000 and $25,000,000 for our agricultural and farming project.
Token Allocation
70% of all coins are available for purchase during the ICO. The details of
the token allocation of Gric are as follows:
The token allocation of Gric in absolute numbers is as follows:
All the information I wrote above, it is a picture of a special project, if you want to understand more, you can watch the video below. Enjoy!!!
For Social Media information, you can see below !!!
Website : https://agric.io/
White paper : https://agric.io/wp-content/uploads/2018/08/GRIC_GC_ICO.pdf
Facebook : https://www.facebook.com/griccoin/
Twitter : https://twitter.com/griccoin
Telegram : https://t.me/griccoin1
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Username unyun
Profile link https://bitcointalk.org/index.php?action=profile;u=2430867