Topic: [ANN][SQM] GoldenAcre | land value meets the blockchain (Read 212 times)
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🌱🌱🌱🌱🌱 GoldenAcre 🌱🌱🌱🌱🌱
Concept
The value of agricultural land has been growing for thousands of years.
SQM is the new crypto-currency introducing an ultimate value security system. For every square metre of arable agricultural land purchased by GoldenAcre, one SQM is automatically generated by a smart contract. The agricultural land is leased to preferably organic farmers. The leasehold net revenues are used to buy back and lock SQM. If the SQM price falls, land is sold and SQM are irreversibly locked. Thus, the SQM price is always hedged above the land value. This mechanism is internationally unique and used for the first time in a currency concept. In this way, 1 SQM always faces one (1) square metre of fertile agricultural land. Thus, the constantly reduces the number of freely available SQMs in relation to the associated farmland. This inevitably and predictably results in constant deflation. GoldenAcre’s mission is to create the safest and most stable currency in the world.
GoldenAcre Founder
GoldenAcre B.V. is owned by GoldenAcre Foundation. GoldenAcre Foundation is a non-profit-organisation and the guardian and guarantor of the SQM blockchain and the SQM land register system.
• Philipp Grenzebach – Co-Founder (LinkedIn)
• Jeremias Grenzebach – Co-Founder (Twitter)
Official Resources
• Github
• Website
Specifications
• Ethereum based Token, new ERC777 pre-standard
• Fully backwards-compatible to ERC20
• GoldenAcre’s official token name: SquareMetre
• GoldenAcre’s official ticker: SQM
• GoldenAcre’s official currency symbol: 2 – e.g. 1002
• Initial total supply: 0 SQM
• Possible max supply: 50.000.000.000 SQM
• Every token is „backed“ by 1 sqm real agricultural land
• Mining: 1 sqm owned land mines 1 SQM through land register smart contract
• Burning: 1 sqm sold land burns 1 SQM through land register smart contract
• Blockchain based land register contract for GoldenAcre owned land
Join us
• Telegram group
• Telegram channel
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