PLAAS to undertake a token giveaway instead of an ICO

Press release

Gaborone, Botswana: Tuesday 27 November 2018

PLAAS aim has always been to revolutionize farm management in Africa through the blockchain technology. Using a combination of RFID tech and smart contracts, PLAAS will enable timely capture and recording of important animal and plant data as well as a marketplace to enable farmers easily reach the end consumer. This will ultimately unlock value for the agriculture value chain enabling transforming the food ecosystem in Africa which is valued to reach $1 trillion by 2030.

In achieving the above mission, PLAAS has gained momentum since the project was conceived back in 2017. Over the last two years, PLAAS has built a community and developed key aspects necessary to finally see the project to fruition. In 2018, the project was officially announced with release of whitepaper, the team and project timelines. Furthermore, the project porotype has already been launched and ready for testing.

Initially, the planned private sale was to take place from 1st December to 31 December 2018 while the public sale was scheduled to take place from 1 January to 31st January 2019.

However, after wide consultations with different parties, PLAAS has opted to go for a token giveaway instead of Crowdsale through an ICO (initial coin offering). The move has been necessitated by the need to abide by existing regulatory framework and protect both the company and the investors. Nonetheless PLAAS will continue to peruse private funding in order to ensure the project is fully implemented. PLAAS team remains committed to bringing new innovation to agriculture and farmers management throughout Africa.

The token giveaway will commence on January 1 2019.

Thank you for your continued support.

We will keep giving updates across all our community forums