Nagricoin - Global market agricultural sector project
The key advantage of NagriCoin is that these tokens are the only forms of cryptocurrency to be tied to a real sector – agriculture and land – which we believe will give more stability and lasting value when compared to other cryptocurrencies. The basic asset of this token is the Nagri product itself, which has been in development for more than 7 years. Nagri is the newest organic composite formulation of microelements and antioxidants that stimulate plant growth, which can find the broadest application in the agricultural and plant cultivation sectors around the world, increasing yields and improving the quality of almost all the crops it deals with. The Nagri project provides an...
Token sale ended
- Token: NGR
- Price: 1 NGRX = 0.1 USD
- PreICO start: 2 Apr 2018
- PreICO end: 24 May 2018
- ICO start: 28 May 2018
- ICO end: 1 Sep 2018
- Country: Ireland
The key advantage of NagriCoin is that these tokens are the only forms of cryptocurrency to be tied to a real sector – agriculture and land – which we believe will give more stability and lasting value when compared to other cryptocurrencies. The basic asset of this token is the Nagri product itself, which has been in development for more than 7 years. Nagri is the newest organic composite formulation of microelements and antioxidants that stimulate plant growth, which can find the broadest application in the agricultural and plant cultivation sectors around the world, increasing yields and improving the quality of almost all the crops it deals with.
The Nagri project provides an opportunity to invest in Nagricoin’s tokens, (a crypto currency), issued to finance the development of a global market agricultural sector project (Initial Token Offering). Nagricoin investors will be able to buy tokens at a significant discount, (see ITO section), which will enable them to fix the spread as soon as the tokens sale is initiated.
The key advantage of Nagricoin is that it is one of the few ITOs in the real sector of the economy. The basic asset of this token is the Nagri product, which has been in development for more than 7 years. Nagri is the newest organic composite formulation of microelements and antioxidants that stimulates plant growth. One can find it’s broadest application in the agricultural sector and plant cultivation around the world to increase yields and improve the quality of almost all crops.
Nagri can be attributed to both the sector of organic fertilizers and the sector of micro element fertilizers, which currently finds itself in the rapid growth phase of 8.2% annum.
During the past seven years, 5 million USD was spent on active research and field tests to gauge Nagri’s effectiveness. Tests were conducted in more than 10 countries, including Brazil, Uruguay, Pakistan, Turkey, Jordan, Italy, Ukraine and the Russian Federation. The research involved large private agricultural holdings, as well as state research centres and laboratories of various countries.
The results of testing showed that Nagri increases the yield of different crops from 10% to 30%, depending on the geographical area of cultivation and weather conditions. At the same time, an increase in yield was also observed with the addition of Nagri to almost all known combinations of fertilizers and plant protection products.
Along with the increase in yield, applying Nagri significantly improves the quality of virtually all crops. Namely, it reduces the amounts of harmful substances while increasing the content of nutrients in them. For example, when using Nagri, it is possible to reduce the level of nitrates in tomatoes, cabbage and other vegetables by more than 50%. Nagri was also able to increase the gluten content in wheat by 30%, which improves the wheat variety and consequently, its sale price.
After achieving consistent positive field testing results in different geographical areas, management moved to the stage of active promotion of Nagri in markets. To date, certificates of compliance have been obtained in several countries, which are strategically important markets for Nagri, including Brazil and the European Union, which makes is possible to sell/opens doors of Nagri in these countries. Agreements have also been reached with experienced local partners and distributors, who actively promote Nagri among farming companies in these countries.
The Nagri project is currently managed by highly qualified specialists with experience raging from 15 to 30 years in agriculture, international sales, management consulting, investment banking and blockchain technologies. Representatives in a few countries, including Brazil, Italy, the Russian Federation and Ukraine, coordinate their work with partners to promote the product to consumers in local markets. Local market teams include specialists with more than 20 years of experience who have developed network of personal contacts in the industry.
Initial target countries to market Nagri product are the ones with advanced farming technologies and those leading in the production of agricultural products as they tend to have high utilization of fertilizers and plant protection products used.
As the first stage of the project, high-volume production of Nagri and its active promotion are going to be implemented on the markets of South America and the European Union. These regions rank in the top five of Nagri’s strategically priority markets and have achieved the best results of the Company’s business development to date.
According to preliminary estimates, the estimated sales volume of Nagri by the end of the first stage should reach approximately 10 million litres in Brazil and 5 million litres in the EU. Thus, Nagri sales volume at the expected average selling price of 15 USD per litre will amount to approximately 225 million USD. That said, Nagri team is fully prepared for faster growth, and should there be higher demand, expansion into Ukraine, Mexico, the Russian Federation, China, and others.
To ensure the required production volume during the first project stage, two filling lines in Brazil and two lines in the EU as well as the equipment for production of antioxidant components. The total investment in the acquisition and installation of equipment, as well as personnel training at the first stage, is approximately 6 million USD.
The operating costs for the purchase of raw materials, payment to workers, engineers and management personnel, as well as commission payments to partners and marketing costs will account for approximately 60% of sales. In 2018, Nagri will be offered to all potential customers for a free field test.
Project financing requires an investment of 17 million USD in early 2018 and an additional 8 million USD at the beginning of 2019.
By the end of 2019, net operating cash flow is expected to be 15 million USD and the project will move into the self-financing phase.
The consolidated net cash flow by the end of 2022 should be approximately 140 million USD, which will enable both the financing of expansion of the project in Brazil and the EU, as well as to access other markets.
To finance the project, NagriTech plans to place a public offering of tokens (ITO) for a sum of 20 million USD at a nominal price of 3 USD per token. Investors will be offered a flexible pricing system that allows purchasing of tokens at a discounted price. To finance token registration costs at the exchange and ITO marketing campaign costs, a pre-ITO will be organized, which is expected to raise between 500,000 and 2 million USD.
Head of research and development
Financial planning and strategy
ITO Advisor NagriCoin, USA
Director of product management
Head of Nagritech in EU
PR, Marketing and Advertizing
ITO Communication Manager
Research and development
ITO Sales and Marketing Advisor
ITO Advisor NagriCoin, India
Public relations Brazil
Business Advisor in Brazil
2010~2016INITIAL DEVELOPMENT Inception of Nagri-HL scientfic development by Vitaliy Smirnov, Professor of Biology (Moscow, Russia). Private investments. Field testing in different countries and different climate zones. Product improvement, market research and business strategy development
2016~2017FIRST COMMERCIAL TRIALS Obtaining certficates and permits from government agencies to sell Nagri to farming companies in Brazil and Italy
2018 Q1~2ITO STAGE
2018 Q3~4FIELD TESTING Start of production in South America and Europe. Delivery of trial batches of Nagri-HL to potential customers for field testing.
2019COMMERCIAL RELEASE Start of active sales in South America and Europe. Expansion into other key markets, obtaining permits.
- Platform: Ethereum
- Price: 1 NGRX = 0.1 USD
- Accepting: ETH, BTC
- Token distribution: 82% Sale of tokens at ITO 12% NAgriTeam 2% Advisers 2% Partners 2% Bounty
- Soft cap: $ 500,000
- Hard cap: $ 22,000,000
Prehistory of project
Initiation of Nagri scientific development by Vitaliy Smirnov, Professor of Biology (Moscow, Russia).
Field testing in different countries and product improvement, as well as market research and business
strategy development. About 5 million USD was invested in development and field testing. Field tests
were conducted in different climate zones of various countries.
Obtaining certificates and permits from government agencies to be able to sell Nagri to farming
companies in Brazil, Italy.
Establishment of production in Brazil (10 million litres of Nagri per year). Establishment of production
in Europe (Bulgaria) (5 million litres of Nagri per year). Distribution of trial batches of Nagri to potential
customers for field testing. Testing by farming companies — potential customers in Europe.
Product or its MVP
Shung-Toon Woon – Founder and CEO at http://www.getdoc.com/
Michael Creadon – CEO at http://www.4rev.com/
Advisor at http://alchemycoin.io/
No escrow information were found.