The agricultural market has consistently been the biggest market in the world and is estimated to reach a whopping $8.5 trillion by 2020. With the penetration of digital sphere, the industry is on the verge of tipping over.
But there are problems related to bringing about this shift to the industry. There exists a consistent problem of inefficient and costly trade promotions and processes grabbed by retailers, wholesalers, and other middlemen.
Greenbit stands for green and healthy products and environment. They are a blockchain backed economic and agricultural dealings platform backed by Central Farm Network (CFN) which is ERC20 compliant. Their main USP is that they help save 35% spends on every transaction.
The network and ecosystem
Their ecosystem will consist of user/consumer website, a reference implementation of the
consumer app, and the fulfillment app. They will be working with technologies such as React/React Native for the web/mobile application development. Post the ICO all contributors will receive the ERC20 compatible GREENBIT token on the Ethereum network. The ERC20 compatible GREENBIT token will be exchanged 1-to-1 with a native GREENBIT token.
consumer app, and the fulfillment app. They will be working with technologies such as React/React Native for the web/mobile application development. Post the ICO all contributors will receive the ERC20 compatible GREENBIT token on the Ethereum network. The ERC20 compatible GREENBIT token will be exchanged 1-to-1 with a native GREENBIT token.
Some of the features of the platform include Trading of currencies and commodities, Exchange of goods/products/values and services, Exchange of fiat currencies to crypto currencies, Running of portfolio on Virtual Farm investment options, Exchange of crypto-currencies, Executing consistent upward drive in GREENBIT coin value and Attracting huge investment pool for expansion. Their official smart contracts will be published by large at GitHub’s network.
To become a member of the Greenbit ecosystem, the users will have to create an account on the GREENBIT platform. Once the registration process begins, the platform will automatically create a user profile and a wallet. This wallet is highly encrypted and will preserve all data in the decentralized database.
They are planning to start their initial development with front-end and end-user experience. Their future expansion plans will be based on cities with a huge population size, income levels and food/agro allied market concentration ratio.
They are planning to start their initial development with front-end and end-user experience. Their future expansion plans will be based on cities with a huge population size, income levels and food/agro allied market concentration ratio.
Some of the advantages of using the platform are there are no hidden costs and commissions involved. Additionally, 40% from GREENBIT’s will be used back to reward the token-holders as a loyalty fund. 60% of the Central Farm Network profit will be invested back in the platform to build momentum for the platform.
ICO and token
The ICO has been divided into four parts, which are round 1 with 30% bonus, round 2 with 20% bonus, round 3 with 10% bonus and then the final round. The Greenbit token will be the primary form of exchange amongst the users within the platform and will also be used to incentivize for digital services and physical products provided by third parties on their platforms in exchange for tokens. The token is predicted to reach $8.1 trillion in 2020 world agro-allied industry.
The ICO has been divided into four parts, which are round 1 with 30% bonus, round 2 with 20% bonus, round 3 with 10% bonus and then the final round. The Greenbit token will be the primary form of exchange amongst the users within the platform and will also be used to incentivize for digital services and physical products provided by third parties on their platforms in exchange for tokens. The token is predicted to reach $8.1 trillion in 2020 world agro-allied industry.
Their team consists of a kick-ass core team of Creative Minds, Software Engineers, UX (User Experienced) and Design experts, supported by a board of experienced advisors in cryptocurrency, cyber security, venture capital, Agricultural banking, and smart business transactions.
Website:https://www.greenbit.in/
Author : belushiiwuzeree
Btalk Profile:https://bitcointalk.org/index.php?action=profile;u=2191289
Btalk Profile:https://bitcointalk.org/index.php?action=profile;u=2191289
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