AG-COIN TOKEN SALE
The AG-Coin token will be implemented as an ERC223 compatible smart contract on the Ethereum blockchain. Ethereum was chosen for this offering due to its broad adoption and industry standard for issuing custom smart contracts for digital assets. The compatibility with the ERC223 standard leverages the existing advantages of the Ethereum ecosystem, namely in terms of development tools, wallets, exchanges and human resource expertise and provides the additional security not found in ERC20. Programming smart contracts with a Turing-complete language allows for robust foundation and flexible customization of the token for AG-COIN specific requirements.
Agrifacture International will create 500 million AG-COIN Tokens. AG-COIN's value is based on the production output of the Agrifacture tunnel farms and is redeemable for future production.
The Company will release to consumers 400 million AG-Coin Tokens for purchase.
The Company will "Lock-up" 100 Million Tokens to be available for issue 2 years after ICO End.
Employee Incentives Tokens in Escrow (2 yr. lockup) 10%
Company Retained Tokens in Escrow (2 yr. lockup) 10%
Proof of Work
To implement a distributed and scalable network of Agrifacture farms, we will need to use a proof-of-work system that shows the complete manufacturing and growing cycle. The proof-of-work will consist of the construction of two complete five-tunnel production facilities and the completion of a research and development facility.
• Smart Contract ERC223
• Name of Toke/Coin = Ag-Coin
• Token Symbol = Ag-Coin
• Token Decimal Fractions = 2
• Number Tokens Minted @ Geneses = 500,000,000.00
• Total Token Supply = 500,000,000.00
• Smallest Fraction = 0.01
• Offering Price in USD = 0.25 USD
• Inflation / Deflation None
• Purchase Currency = Bitcoin / Ethereum
• Currency Converter Calculator Current Bitcoin or Ethereum Price to 0.25 USD for Token
• Pre-ICO and ICO tokens available = 400,000,000.00
• Escrow Reserved Founders and Employee Coins 2-year lockup = 100,000,000.00
• Founders tokens, = 50,000,000 million tokens (10%) and locked for 2 years
• Employee Incentive Tokens =50,000,000 million tokens (10%) and locked for 2 years
• Presale Start Date 5/1/2018
• Presale End Date 6/30/2018
• Minimum Token Purchase = 1000
Token Purpose and Value
The AG-COIN Token is directly related to the future redemption of 1 ounce of agricultural products for 1
AG-COIN Token. Increased production of tunnel facilities and/or building more tunnels to increase production allows for the increase of tokens issued to holders based percentage of tokens held.
How to Purchase AG-COIN Tokens
Agrifacture International Ltd
Using the Contact Form send us your Name, Email Address, and Number of Tokens you wish to purchase:
Once we contact you to confirm your order send BitCoin(BTC) or Ethereum(ETH) to the following addresses:
BitCoin (BTC): 32V2TEF1Hnafd8VZ1vKq6Lvuguy2fKavqE
Ethereum (ETH): 0x727B4e3b109366950E0A00300af9ca97754B0882