FARM (Food And Resource Matrix) is the first Blockchain based agriculture project in India. FARM will integrate Agriculture with Blockchain technology enabling it for a multidimensional growth in future. FARM will rejuvenate agriculture sector as most profitable commercial business. FARM will root out major problems Agriculture Sector is facing today by induction of various efficient farming models and technology. FARM will bring concept of Price Stability for agricultural produce in existence live defying all theoretical hurdle considerations which are connected to demand supply chain through induction of Blockchain Technology.
FARM intends to change the concept of traditional agriculture and farming practices to run it as a business through Blockchain Technology, in the mean course our business model will be used to establish near Price Stability concept by inducing Value Chain production model of crops in farming and combined production.
FARM will be raised as an organisation of reliable source of information, solution providing guide, a blockchain based business development firm, a training and service sector institution, a leading community of advanced farmers, and an agriculture market influencer. FARM will consist of many blockchain based sister organisations which will help our community grow.
FARM is developing a decentralised app for payments of agriculture produce on blockchain which is a part of our price stability concept, app will also include various centralised and distributed services to provide best services possible to consumers and producers. ICO starts on 14th May 2018
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FARM TOKENS AND ICO DETAILS
Total number of ERC-20 tokens will be - 1,963,000,000
Total number of Waves based tokens are - 51,000,000
**Waves based tokens are for Pre-ICO and will be swapped 1:1 for ERC-20 tokens
before the start of ICO**
60 million ERC-20 tokens will be reserved for Founders and Team members.
Total number of ERC-20 tokens available for ICO – 1,701,000,000
On Waves Platform our Pre-ICO token is named as FARM and it’s asset Id is G5e4Mb8ENRC8Gxturngx1d356TVx3uRfewVu32huLdZC
and it is limited to 51,000,000 in numbers. This amount includes distribution of Waves tokens to offline investors.
Pre-ICO of tokens on Waves platform ended on 25th February 2018
Price of Waves based tokens will be set in tiers between $0.3-$0.4 on Waves Decentralised Exchange against BTC, USD and WAVES pair during Pre-ICO period,
price in ICO will be 30-70% higher during actual crowdsale.
TOKEN DISTRIBUTION –
11% (i.e. 5,610,000) of tokens from Pre-ICO on Waves platform will be reserved by FARM to award Developers, Content writers, Bounty, strategists and promoters.
151 million ERC-20 tokens will be reserved for FARM for 2 years of time for its development in later phase.
Total number of ERC-20 tokens hardcap available for public during actual crowd sale is 1,701,000,000
CROWDSALE AND LAUNCH DETAILS
**Crowdsale will start on 14th May 2018 and will end on 14th June 2018, countdown timer and smart contract address will be displayed on website.**
Actual crowdsale will take place on Ethereum platform.
DIVIDEND PAYOUTS
28% of the total annual profit of FARM will be distributed to token holders. Dividend will be paid in Ether to eligible Ethereum wallets.
Dividend will be paid every six months and first dividend payout will likely take place in December 2018.
Important- **Investors will have to keep a minimum of 600 tokens in their Ethereum wallets to receive dividends **