Important notice: At this point in time, Agric Finance is only a dream without a website and neither a token none which is associated with this dream- The outcome of this dream will be determined by what the few persons whom I respect so mush in this space thinks about this idea.
The gardener brings you $?; The Governance Token of the Agric Finance DAO
I thank you for even considering giving this document a read…
Agric Finance combines Defi with actual yields, empower local farmers globally and pays out a fixed interest rate yield and staking rewards to liquidity stakers and $token holders.
In this article, I explain the rewards available within the Agric finance DAO and major use case of the $? Token.
There are two ways to interact with the Agric Finance platform
One is through Web3 interface; a DApp (Decentralized Application) here degen farmers simply connect a decentralized wallet with the Agric finance DApp to farm and earn $?.
Second method is convenient for anyone who hasn’t interact with a web3 interface to understand how it work (normal farmers) all that is required is a simple sign up process — username, email and password.
Users become liquidity stakers, when they stake selected stablecoin to farm $? the governance token used within the Agric Finance DAO, in addition, users receive 10% monthly interest on staked funds paid out at every circle. (Approximately 36 days)
Part of the take funds are used to implement agricultural processes; setup farms and ponds, food processing factories and agricultural research.
The DAO will manage this process for a limited time within 12 months (and not exceeding 24 months from the date of launch). These processes shall be handed over to beneficiaries who will also become members of the Agric Finance DAO.
The DAO will decide how grants is being given to farmers globally.
80% of profit made by beneficiaries is sent to the DAOs contract.
20% of total income available to Agric Finance is shared proportionately among $token holders quarterly.
15% of total income available to Agric Finance used for buy back of the $?token making $? deflationary also ensures there’s little or no selling pressure for $? in exchanges.
10% of total income available to Agric Finance is use for humanitarian service (humanitarian service to be offered by Agric finance will be determined by the DAO this is explained in a different article)
20% of total income available to Agric Finance to be used for marketing.
30% is alocated for Agric Finance expansion and development.
10% of total income available to Agric Finance is paid out quarterly to early supporters.
These rewards and allocation can be subject to amendment when Agric Finance DAO is setup.
TOKENOMICS
-13m — Token Generation Event
-50m — Incentives and staking rewards
-10m — Marketing
-10m — Agric Finance DAO, Development and Expansion
-10m — Humanitarian
-6m — Founders
-1m — Uniswap liquidity
$? TOKEN GENERATION EVENT
-4m: $0.01 = Seed round (locked for four months)
-3m: $0.03 = Closed private round.
-3m: $0.07 = Private round.
-3m: $0.09 = Public round.
-Uniswap listing immediately after public round: $0.1
Total Supply = 100m
Initial Circulating Supply = 9m
Market Capitalization at launch = 900k
USE OF FUNDS RAISED AT TGE
40k from sale of 4m $Agric at seed round:
-Team formation.
-Renting of office in Lagos and Port Harcourt.
-Mobilization and on boarding local support.
-Publicity.
90k from sale of 3m $Agric at closed private round:
-Hire Devs.
-MVP development and launch.
-Farming process stage 1
210k from sale of 3m $Agric at Private round:
-100k for liquidity on uniswap.
-110k Fund Farming process Stage 1
270k from sale of 3m $Agric at Public round:
40% Expand farming stage 1
15% Fund Farming stage2 (processing)
5% Founders.
30% Marketing.
Welcome to the garden; you are early, and we haven’t even started.
This is a proposed tokenomics which is subject to modification by early contributors to this idea.
If this idea seems interesting to you, I would greatly appreciate your feedback and perhaps your support to this project.
And if it doesn’t seems right to you, still take a minute out of your busy schedule to tell me how you feel about this project.
Best Regards
Jerry Robinson
Twitter: https://twitter.com/JJR_08
Telegram: @JJR_08
Mail: robinsonjj@protonmail.ch
