New Agro Coin — an agribusiness platform where anyone can have the same business as farm owners who rent their fields or cows.
Description of the New Agro Coin project
The mission of New Agro Coin - to build a new paradigm in the Latin American agribusiness system by building bridges between investors and agricultural producers through solutions, based on blockchain technology.
The goal - to democratize access to assets and finance within agribusiness and allow user-investors to participate in agribusiness. New Agro Coin will provide agricultural companies and asset owners with universal financing and enable long-term planning and production, guaranteed by simple, automatic and immutable contracts.
At the first stage, the user-investor will be able to participate in 2 businesses through 2 tokens:
| 1. | New Land (NLAND). |
| 2. | New Milk (NMILK). |
New Agro Coin contracts are written in Solidity and released on Binance Smart Chain. They are based on Open Zeppelin, Chain Link and proprietary technologies.
More about tokens
NAC — the internal exchange token of the system. Through this token, the income of all businesses is paid out, which is the only form of issuance. Block by block, an amount of NAC is issued equal to the income from real assets. Through Oracle, the system checks the price of the product, corresponding to the asset it represents (liters of milk or kilograms of soybeans) and the income, generated from the rental of the asset. NACs are cumulative and each user can withdraw them whenever they want. NAC can be exchanged for Argentine pesos, NMILK, NLAND or USDT.
NLAND — a token, representing leased agricultural land. Fields, submitted to NLAND, receive a fixed rent. This rent will be automatically assigned to the respective pool at each network check.
NMILK — a token, representing part of a herd of rented dairy cows. Animals, represented in NMILK, receive a fixed rent in liters of milk per month. This rent will be automatically assigned to the respective pool at each network check.