Bit Agro – ICO Detailed Information
| ICO | Bit Agro |
|---|---|
|
Since they originally appeared almost 11 years ago, cryptocurrencies have been promising a change that would make the world a better place for everyone. They offer a number of benefits over traditional finances, including lower transaction fees, decentralization, as well as the ability to reach everyone, whether or not they have access to the bank. |
| Start | April 5, 2019 |
| End | July 5, 2019 |
| Rating | 4.3 |
| Status | |
| KYC | Yes |
| Founded | 2019 |
| Categories | Agro-industry |
| Platform | Ethereum |
| Token | AGRO |
| Soft cap | $5 760 000 |
| Hard cap | $72 000 000 |
| Minimum investment | 100 USD |
| Accepting | BTC, ETH, LTC, DASH |
| Whitepaper | Yes |
| Discussion | |
| Countries | Estonia |
| Social |
Bit Agro Overview
ICO description, Technical Details and Documents
Agrocoin Opens Agro Markets to Everyone
Bit Agro presents a complex solution for the agro-industrial sector based on the Ethereum blockchain and its smart contracts. The solution includes the ERC-20 token - Agrocoin (AGRO), the decentralized B2B market platform - Agroexchange, and the decentralized mobile application - Agrodex, which allows users for buy/sell agriculture-related products and machinery, and also serves as a binding element for the entire ecosystem.
The core idea of Bit Agro was elaborated by the international team of digital entrepreneurs, PR specialists, and blockchain developers, though the core of this group is comprised of crypto enthusiasts from Kazakhstan. Bit Agro as a legal entity is registered in Estonia. The team has thus far developed a working prototype of Agroexchange and Agrodex which can be accessed through their official website.
The problems of contemporary agro-industry
According to the official statistics provided by the World Bank, the agricultural industry contributes 4% to the overall global GDP. Although, for some reason, the compilers of the project's whitepaper claim that it constitutes as much as 25%. Nevertheless, this industry is still of the immense importance for the world economy, proven by the food crisis of 2007, which resulted in a sharp spike in food prices and forced subsidization of the agricultural sector in the European Union.
Despite displaying steady and tangible progress, this industry is still plagued by such problems as the lack of competent specialists, various bureaucratic hurdles that impede large companies from the developing countries, not to mention the small and mid-scale businesses, entering the world market. These, as well as a host of other issues, are being actively exploited by the intermediaries that tend to jack up the purchase prices.
Bit Agro decided to constructively address all of the listed problems by applying one of the most progressive tech solutions of today: smart contracts and cryptocurrency-based payments.
The Bit Agro ecosystem
Agrocoin is the key component and principal mean of payment and investment within the entire agro-industrial market that would use the decentralized trading platform as its foundation. The coin itself has incorporated all benefits of digital currency: high velocity of transactions, transparency, low fees and non-attachment to any financial intermediaries. Agrocoin can be used to sell and purchase different commodities (food, machinery, fertilizers) on Agroexchange, a blockchain platform that also enables users to track the prices in real-time throughout all markets.
The conscientious execution of all deals and transaction are ensured by the Ethereum smart contracts that control the fulfillment of all terms and exercise a function of an escrow. This grants a possibility for agro-businesses from developed countries or the ones with highly regulated economies to enter the international market without typical encumbrances.
The Agrodex mobile application serves as a gateway to the global agro-market and offers a rich set of features which include the news feed on relevant topics, a digital wallet, options for lending and staking of coins, and the API that confers the possibility of tokenizing agro assets. The dApp is available for download at Google Play.
IEO details
Bit Agro organizes the IEO of Agrocoins via two launchpads: Exmarket and Latoken. The token sale will last until July 5. The project plans to reach the hardcap of $76 million, having offered 360 million tokens for sale, which is 60% of the total supply. The price of one AGRO is $0.2 with the minimum investment barrier set at $100. 40% of raised funds will be allocated for technological development. Bit Agro didn’t impose any restrictions with regard to the place of residence of potential investors.
Author: Alex Paulson for Crypto-Rating.com
Bit Agro Milestones
- September 2018. Origin of the idea by the Founders | Conversion of Idea into a Business Plan.
- November 2018. Developing Core Team | Company Establishment | Developing the Agro Token.
- December 2018. Technical Architecture | Phase 1 Android and IOS App Development | Starting Pre Sale.
- January 2019. Started Level 1 Marketing | Phase 2 App Completion | Completed Team Building.
- February 2019. Started Bounty | Listing on ICO sites | Expanding Advisory board | ICO Preparation.
- March 2019. ICO Sale Phase 1
- April 2019. Updating Mobile Apps | ICO Sale Phase 2
- May 2019. ICO Sale Phase 3 | Level 1 Exchange Development | Team expansion
- June 2019. ICO Sale ends | Token Distribution | Office Expansion
- August 2019. Full functional AGRO Exchange Launch with Agro coin trading
- September 2019. Connecting third-party online exchanges for AGRO coins
- October 2019. Creating a secure transaction system on the Agrodex marketplace
* Crypto Rating accepts no liability for any errors in the Bit Agro ICO information and Rating. For the most up-to-date information please visit the ICO's official website.
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Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 64% | 72 | $96 063.98 | -0.47% | -2.09% | $1 901 129 195 801 |  |
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| 2 |  ETH |
Ethereum predictions | 70% | 59 | $3 691.69 | -0.43% | 9.67% | $444 635 752 324 |  |
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| 3 |  XRP |
XRP predictions | 58.8% | 88 | $2.44 | 30.24% | 64.85% | $139 283 395 122 |  |
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| 4 |  USDT |
Tether predictions | 94.4% | 1 | $1.000651 | 0.02% | -0.04% | $134 209 508 790 |  |
|
| 5 |  SOL |
Solana predictions | 67.2% | 74 | $228.81 | -2.94% | -9.79% | $108 719 187 334 |  |
|
| 6 |  BNB |
Binance Coin predictions | 78.8% | 31 | $647.33 | -0.64% | -2.19% | $93 221 263 075 |  |
|
| 7 |  DOGE |
Dogecoin predictions | 57.6% | 93 | $0.428990 | 0.31% | 0.04% | $63 074 587 151 |  |
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| 8 |  ADA |
Cardano predictions | 61.2% | 84 | $1.15 | 8.30% | 10.20% | $40 192 009 461 |  |
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| 9 |  USDC |
USD Coin predictions | 95.2% | 1 | $1.000073 | 0.01% | 0.02% | $39 943 477 005 |  |
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| 10 |  AVAX |
Avalanche predictions | 66% | 69 | $48.46 | 9.61% | 7.76% | $19 833 796 680 |  |
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| 11 |  TRX |
TRON predictions | 61.2% | 80 | $0.209475 | 2.77% | 0.42% | $18 078 840 002 |  |
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| 12 |  SHIB |
SHIBA INU predictions | 53.6% | 94 | $0.000030 | -1.42% | 16.50% | $17 769 142 939 |  |
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| 13 |  TON |
Toncoin predictions | 66.4% | 62 | $6.66 | -1.15% | 8.82% | $16 957 202 724 |  |
|
| 14 |  XLM |
Stellar predictions | 58.8% | 89 | $0.534373 | 6.22% | 2.19% | $16 071 299 062 |  |
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| 15 |  DOT |
Polkadot predictions | 60.4% | 85 | $9.05 | 2.59% | -1.75% | $13 790 732 144 |  |
