Topic: I have an idea. Need suggestions. (Read 1493 times)
Check this for simpler explanation https://bitcointalksearch.org/topic/m.18289348
I come from a India and it is well known fact that india is a agricultural based economy with 50% workforce engaged in agriculture.
India is seventh largest agricultural
exporter worldwide and the sixth
largest net exporter.
A lots of subsidies are given by Government to this sector.
I want to invest in agriculture but do not have required funds.Is it possible to create a crypto coin related to agriculture and every coin holder own a percentage of agricultural land according to his/her coin holding?
India is seventh largest agricultural
exporter worldwide and the sixth
largest net exporter.
A lots of subsidies are given by Government to this sector.
I want to invest in agriculture but do not have required funds.Is it possible to create a crypto coin related to agriculture and every coin holder own a percentage of agricultural land according to his/her coin holding?
Better to to find investors for the idea than to make a new coin that people will not recognize.
Africa has very fertile land so this is not a new idea, you need a Marketplace for your product launched, and competition is high, and agriculture is hard work and earnings is low, you need a quantity or brand to get through
I come from a India and it is well known fact that india is a agricultural based economy with 50% workforce engaged in agriculture.
India is seventh largest agricultural
exporter worldwide and the sixth
largest net exporter.
A lots of subsidies are given by Government to this sector.
I want to invest in agriculture but do not have required funds.Is it possible to create a crypto coin related to agriculture and every coin holder own a percentage of agricultural land according to his/her coin holding?
India is seventh largest agricultural
exporter worldwide and the sixth
largest net exporter.
A lots of subsidies are given by Government to this sector.
I want to invest in agriculture but do not have required funds.Is it possible to create a crypto coin related to agriculture and every coin holder own a percentage of agricultural land according to his/her coin holding?
Better to to find investors for the idea than to make a new coin that people will not recognize.
Africa has very fertile land so this is not a new idea, you need a Marketplace for your product launched, and competition is high, and agriculture is hard work and earnings is low, you need a quantity or brand to get through
Major question you may have to face soon after creating any tokens/coins for your investment schemes is how investors can be sure that what they are getting as profit is not less than the real profit you are making. Because what you are trying to invest in is completely offline business so there will be no way for other investors living in another part of world to investigate about legitimacy of your business.
This idea may be sensed as ponzi scheme like HYIP by many.
This idea may be sensed as ponzi scheme like HYIP by many.
The crypo market might make your entry uneccessarily difficult because of doubts and former bad experiences. Some projects damaged the scene. I would hint at the classical crowdfunding http://en.wikipedia.org/wiki/Comparison_of_crowd_funding_services there are some like AgFunder, Cropital or Barnraiser suited exactly for your corner on the market. Linking an asset might add a high tech flavor to the presentation of the project when it gained pace using the "classical channels" but will not create it's initial momentum, I voice doubts.
Major question you may have to face soon after creating any tokens/coins for your investment schemes is how investors can be sure that what they are getting as profit is not less than the real profit you are making. Because what you are trying to invest in is completely offline business so there will be no way for other investors living in another part of world to investigate about legitimacy of your business.
This idea may be sensed as ponzi scheme like HYIP by many.
This idea may be sensed as ponzi scheme like HYIP by many.
The crypo market might make your entry uneccessarily difficult because of doubts and former bad experiences. Some projects damaged the scene. I would hint at the classical crowdfunding http://en.wikipedia.org/wiki/Comparison_of_crowd_funding_services there are some like AgFunder, Cropital or Barnraiser suited exactly for your corner on the market. Linking an asset might add a high tech flavor to the presentation of the project when it gained pace using the "classical channels" but will not create it's initial momentum, I voice doubts.
There is a farm in Russia assetizing it's produce using a waves asset. Creating the system is easy, dealing with regulations may be more difficult.
Can you please share more info about it?I would like to case study itI think that your idea is really good but I think that it is better if you want make a cryptocurrency which is connected to more things not only that because it have more potential to grow.
We can connect it with all agro based industries like poultry,goatry,food processing etc
I think that your idea is really good but I think that it is better if you want make a cryptocurrency which is connected to more things not only that because it have more potential to grow.
There is a farm in Russia assetizing it's produce using a waves asset. Creating the system is easy, dealing with regulations may be more difficult.
I come from a India and it is well known fact that india is a agricultural based economy with 50% workforce engaged in agriculture.
India is seventh largest agricultural
exporter worldwide and the sixth
largest net exporter.
A lots of subsidies are given by Government to this sector.
I want to invest in agriculture but do not have required funds.Is it possible to create a crypto coin related to agriculture and every coin holder own a percentage of agricultural land according to his/her coin holding?
India is seventh largest agricultural
exporter worldwide and the sixth
largest net exporter.
A lots of subsidies are given by Government to this sector.
I want to invest in agriculture but do not have required funds.Is it possible to create a crypto coin related to agriculture and every coin holder own a percentage of agricultural land according to his/her coin holding?
Land ownership in India is a very tricky and complex issue, the pure legality of issuing land rights to foreign and anonymous individuals would be a huge risk you would need to address first and foremost. Linked to that is the human rights issue of course - you're likely talking about a feudal-system based agricultural land.
I come from a India and it is well known fact that india is a agricultural based economy with 50% workforce engaged in agriculture.
India is seventh largest agricultural
exporter worldwide and the sixth
largest net exporter.
A lots of subsidies are given by Government to this sector.
I want to invest in agriculture but do not have required funds.Is it possible to create a crypto coin related to agriculture and every coin holder own a percentage of agricultural land according to his/her coin holding?
India is seventh largest agricultural
exporter worldwide and the sixth
largest net exporter.
A lots of subsidies are given by Government to this sector.
I want to invest in agriculture but do not have required funds.Is it possible to create a crypto coin related to agriculture and every coin holder own a percentage of agricultural land according to his/her coin holding?
Land ownership in India is a very tricky and complex issue, the pure legality of issuing land rights to foreign and anonymous individuals would be a huge risk you would need to address first and foremost. Linked to that is the human rights issue of course - you're likely talking about a feudal-system based agricultural land.
I come from a India and it is well known fact that india is a agricultural based economy with 50% workforce engaged in agriculture.
India is seventh largest agricultural
exporter worldwide and the sixth
largest net exporter.
A lots of subsidies are given by Government to this sector.
I want to invest in agriculture but do not have required funds.Is it possible to create a crypto coin related to agriculture and every coin holder own a percentage of agricultural land according to his/her coin holding?
India is seventh largest agricultural
exporter worldwide and the sixth
largest net exporter.
A lots of subsidies are given by Government to this sector.
I want to invest in agriculture but do not have required funds.Is it possible to create a crypto coin related to agriculture and every coin holder own a percentage of agricultural land according to his/her coin holding?
Land ownership in India is a very tricky and complex issue, the pure legality of issuing land rights to foreign and anonymous individuals would be a huge risk you would need to address first and foremost. Linked to that is the human rights issue of course - you're likely talking about a feudal-system based agricultural land.
Yes of course its a good idea but there are many factors to consider if you want to create or integrate a coin on your crowfunding to make it truly profitable project.you need to provide an actual video or pict of your target location or land and show to investors the potential profit it can give.
Yes this will be done during crowdfunding period. Actual videos with Google map location and roadmap will be published for investors but it is too early for now. 
Yes of course its a good idea but there are many factors to consider if you want to create or integrate a coin on your crowfunding to make it truly profitable project.you need to provide an actual video or pict of your target location or land and show to investors the potential profit it can give.
Agro based assets coin/blockchain is good, but in a country like India, literacy rate is too low among farmers. so It is very difficult to get succeeded in India. Why don't you aim it globally . 
We will invite global investors but the agricultural farms will be located in India because it is more economical there. I will now study the legal aspect also and how to share profit with investors.
I think profit can be paid in bitcoin.
And giving shares to various people would mean that he simply owns a virtual company where he has worth of his farm and that increases or maybe decreases each day and hence allowing a lot of investors with him. Though I am not sure if a coin would be better here since a coin needs mining and all, and doing an ICO is not much useful these days.
@OP
I really respect that you have a serious moto behind creating a coin but basically like many of the technical guys suggested here that you should make an asset rather than a coin which is what I also advice you.
Now wondering where to start ? You may consider using Burstcoin for this feature.
Hmm, I see this might not necessarily be running according to plan and your thoughts. because I see the majority of the agricultural sector there is no related about the technology (the internet). It could possibly be a constraint the growth and also to the introduction of the crypto to the field that you want. India is indeed a great country, but they still know very little of the outside world (let alone that you want exists on the agricultural sector)
Agro based assets coin/blockchain is good, but in a country like India, literacy rate is too low among farmers. so It is very difficult to get succeeded in India. Why don't you aim it globally .
Indeed a good idea! yes agriculture in india is a profitable if you have land because of easy availability of skilled cheap Labour and government incentives.
And giving shares to various people would mean that he simply owns a virtual company where he has worth of his farm and that increases or maybe decreases each day and hence allowing a lot of investors with him. Though I am not sure if a coin would be better here since a coin needs mining and all, and doing an ICO is not much useful these days.@OP
I really respect that you have a serious moto behind creating a coin but basically like many of the technical guys suggested here that you should make an asset rather than a coin which is what I also advice you.
Now wondering where to start ? You may consider using Burstcoin for this feature.
I come from a India and it is well known fact that india is a agricultural based economy with 50% workforce engaged in agriculture.
India is seventh largest agricultural
exporter worldwide and the sixth
largest net exporter.
A lots of subsidies are given by Government to this sector.
I want to invest in agriculture but do not have required funds.Is it possible to create a crypto coin related to agriculture and every coin holder own a percentage of agricultural land according to his/her coin holding?
India is seventh largest agricultural
exporter worldwide and the sixth
largest net exporter.
A lots of subsidies are given by Government to this sector.
I want to invest in agriculture but do not have required funds.Is it possible to create a crypto coin related to agriculture and every coin holder own a percentage of agricultural land according to his/her coin holding?
Crypto in control of land title is not possible at the moment unless government involved and agree to this. At this point it is just not possible.
No man I don't think it is actually a good idea because currently there are many coins out there and they are failing badly. Plus you do know that 80% of the farmers don't even have a phone , they haven't even heard of google so how do you expect them to know something like an coin.
It has nothing to do with farmers interfering in the coin business actually.They will sell their lands with normal cash,it is the OP who would be buying them.The only problem is,OP is the only person who actually has access to the land and he can run away with your coins any moment he feels like.
How does this idea make any sense?
If farmers have land, they are going to be able to farm it and sell the produce.
If farmers have land and for some reason don't have laborers, they can find laborers and pay them, or work out an arrangement whereby the laborers get a percentage of the proceeds from the crops.
If the issue is that farmers have land, but don't have capital, they can get investors and raise capital to develop the land. The investors would receive proceeds from the profits.
How does a cryptocurrency solve any of these problems??
Besides all of that, OP, how do you have the expertise to manage this idea; are you a farmer?
If farmers have land, they are going to be able to farm it and sell the produce.
If farmers have land and for some reason don't have laborers, they can find laborers and pay them, or work out an arrangement whereby the laborers get a percentage of the proceeds from the crops.
If the issue is that farmers have land, but don't have capital, they can get investors and raise capital to develop the land. The investors would receive proceeds from the profits.
How does a cryptocurrency solve any of these problems??
Besides all of that, OP, how do you have the expertise to manage this idea; are you a farmer?
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