NagriCoin Project Update: Biotech Token Struck Deal With Pecun.io
While it is too soon to talk about exchange listings and price discovery, this recently airdropped crypto project surely has some awesome news: NagriCoin got a deal with Pecunio and will be listed in their VC fund.
What that means for NagriCoin is getting 1 MM USD of liquid assets for their project from Pecunio. The partnership is aiming at increasing the awareness about NagriCoin also among other people than cryptocurrency investors.
NagriCoin was first heard of thanks to its token airdrop for Telegram join starting March and ending May 2018. It now has an initial token sale ongoing which runs until September 1st 2018.
About NagriCoin
Nargricoin / $NGR is a token of a blockchain project created on behalf of NagriTech, an Irish agritech company producing organic fertilizers. NagriTech is not building a fancy decentralized application, they decided to utilize blockchain only as a way to organize an IPO alternative. Investors therefore have a blockchain asset that is tied to a real-world business which is a rare strategy at this stage of blockchain technology business. Pecunio’s CEO Reinhard Berger mentioned this fact as one of the key reasons for closing the deal with NagriTech.
The token is backed by the revenue of NagriTech. The company developed a plant nutrient formula that stimulates the plant growth and at the same time lowers the levels of harmful elements in soil. The target market for NagriTech’s proprietary plant nutrient are agricultural countries in Afrika and other emerging markets. The research and thorough testing went on for 7 years and costed 5 MM USD. At this point, NagriTech is a startup that is not yet profitable.
The company is going the blockchain way to facilitate a better relationship with investors — instead of an IPO, they went for a token offering so as to minimize the barrier of entry, cut down the admin costs of the IPO and establish a closer relationship with their investors. It is also a very clever strategy to stand out and keep ahead, considering most token sales are in a fully digital realm.
About NagriTech
NagriTech is based in Gateway House, 133 Capel Street, Dublin, IE as NagriTech International Distributors Limited and was founded on 21st September 2017. The company’s directors are Ievgen Kozarenko and Samuel Horner.
On social media, NagriTech has a Twitter account @NagriInfo that raked up over 9K followers mainly through the airdrop campaign that started in second half of March 2018:
The official Telegram chat, which was the gateway to the airdrop, has over 15K users. The airdrop had a condition that dropped tokens will not be granted unless the users remains in the chat until the end of the token sale.
Via www.thebusinessofcrypto.com, retrieved on June 30, 2018.
- thebusinessofcrypto.com or 🚀 bit.ly/the-BOC 💥
- Crypto Intel Newsletter
- @BOC__Official
