HARA Token Update

HARA
HARA
Sep 3, 2018 · 2 min read

In the last several months of the fast paced world of blockchain, HARA has grown and learnt a lot:

  • Our operations in Indonesia are expanding and flourishing. HARA is now active in six different regencies where we have attracted over 5600 farmers and have tagged an area of over 1100 hectares.
  • A great amount of partners and contributors has surfaced who truly believe in our long-term vision. This has given us the time to focus on what is important and develop our platform further.
  • Our pilot projects have helped us better understand the cost to acquire new participants for our ecosystem.

These findings have led to some important updates to the specifics of HARA Token (HART) and the upcoming initial token sale. The fundamentals are still the same, however, we are updating the amount of HART allocated for the upcoming token sale from 45% to 30% of the total token allocation. The retained HART will be added to the the seeding fund and the HARA treasury, which will increase by 10% and 5% respectively.

We plan to use the extra retained HART as incentives that will help to rapidly scale adoption and build out the HARA ecosystem. Our token will also be used to incentivize strategic partners, from data providers, like smallholder farmers, to data buyers and broader service providers, like banks and insurance companies.

Another outcome of our pilot projects is that we have seen how effective local partnerships can be. For example, our partnership with BNI has already had results that exceeded our initial expectations. There, we enabled over 150 farmers from two villages to apply for microcredit in a very short time. This is something we can build on.

We have discovered that there are many more organizations that share our goals and values across Indonesia, and who are open to partnering up to reach those goals. Through our growing network of partnerships and collaborations with these organizations, we can share the burden of the initial implantation of the HARA ecosystem.

It is with these findings in mind that we have decided to decrease the amount of HART that will be on offer in the upcoming token sale. To balance this decrease, we have also decreased the hard cap of the initial token sale from $25M to $17M.

If you have any questions following this announcement, or would like to know more, make sure to join our Telegram community or email us at hello@haratoken.io. Our representatives will be happy to answer any and all queries.

Join our community on Telegram!


HARA

Written by

HARA

HARA is a global & open blockchain-based data exchange enabling everyone to make better data-driven decisions. https://hara.ag/

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade