What is AGROCOIN and how does it work?

BITAGRO
3 min readMar 5, 2019

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Remember the global food crisis of 2007–08 which was a result of a lack in supply of agriculture and food products and infrastructure that wasn’t trustable for trading causing inconvenience from both merchants and consumer side. Since then, a lot of improvements have come to aid in the development of the infrastructure specifically designed to trade agriculture items. However, there are certain issues of inadequate knowledge of international legislation and trade rules, the presence of intermediaries, and insufficiency of production capabilities have made this sort of trade inconvenient and excessively expensive. To overcome these issues, AgroExchange of Estonia issued a native crypto token of the platform called AGROCOIN that will act as the means and guarantor of payment between users on AgroExchange platform.

Being more technical, AGROCOIN is ERC-20 token based on Ethereum blockchain that will help the users/merchants & consumers to buy and sell all sort of agriculture and food products on AgroExchange in a convenient and reliable way. Users can make payments in form of AGROCOIN without paying excessive transaction fees as it directly connects the end users. AGROCOIN will also offer you to get participated in the share of company profit and to buy services and memberships on AgroExchange platform. AGROCOIN will be available on crypto exchange right after the completion of ICO and you can instantly withdraw it to your dedicated address using the META MASK or AgroDex application.

Some of the key features of the AGROCOIN & AgroExchange are: smart contract security, cross border transaction, removal of intermediaries, real-time price movements, the unified database for logistic services, prompt resolutions of disputes etc.

Talking about AgroExchange, it is a web-based platform that acts as a guarantor of the transaction between end users with the help of Blockchain technology. it Is comprised of multiple decentralized Payment options, state of art trading facility, intuitive user interface and high-security protocol that make sure the seamless trades and transactions across the platform. Users can list their Agri and food products on the exchange and get the real-time price notifications & sell them with the highest return possible. The same way consumers can buy the same products without paying hefty charges.

Users will also get benefited from AGRODEX, a decentralized B2B platform that enables the users to trade agriculture crops and food products. Moreover, the platform also provides cloud services where users can store their information in a decentralized manner and get benefited from computing power. Not only retailers but the large sized organization and small business can also get benefited from the platform as it is designed specifically to take care of the needs of all sort of traders and investors.

Useful Links

Official Website: https://bitagro.io/

Telegram: https://t.me/agrodex_official

Whitepaper: https://bitagro.io/docs/BitAgro_Whitepaper_v1.1.pdf

Pitch Deck: https://bitagro.io/docs/BitAgro_Pitch_Deck_v1.1.pdf

Twitter: https://twitter.com/BitagroI

Linkedin: https://www.linkedin.com/company/35446511

Reddit: https://www.reddit.com/user/Agrocoin/

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BITAGRO

The World’s 1st Blockchain Platform aiming the Agro-industrial market at the creation of a P2P platform where people an companies can directly credit each other