Nagricoin
| Nagricoin | |
|---|---|
 Nagricoin ICO Review | |
| Nagricoin ICO | |
| Ticker: | NGR |
| ICO start: | 2018-05-28 16:15:00 |
| ICO end: | 2018-09-01 16:15:00 |
| Price: | 1 NGR = 3 USD |
| Bonus: | 1 |
| Tokens: | 9666667 |
| Tokentype: | ERC20 |
| Hardcap: | 22,000,000 USD |
| Softcap: | 500,000 USD |
| Raised: | 0 |
| Platform: | Ethereum |
| Distributed: | 82% |
| Accepting: | ETH, BTC |
The key advantage of NagriCoin over other cryptocurrencies is it’s sectoral specificity. Being the only agricultural token Nagricoin is tied to real sector of the economy which compensates currency fluctuation and adds lasting value. The token basic asset is the Nagri-HL – newest organic composite formulation of microelements and antioxidants stimulating plant growth. Being in development for more than 7 years this advanced product demonstrates increase of yields and quality for almost any crop it is applied to and therefore will find wide application in agricultural and plant cultivation sectors around the world.
Contents
Description
According to preliminary estimates, the estimated sales volume of Nagri by the end of the first stage should reach, in the most likely scenario, 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 200 million USD. In case of faster expansion of Nagri in target markets during the first stage, it is also possible to include promotion among other target markets, namely the markets of Ukraine, Mexico, the Russian Federation, China, etc. Certain preparatory activities are already being performed in a number of these countries, namely, Nagri certification, search for interested partners, etc.
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 are going to be purchased and installed. The total amount of 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 geographical 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 the purchase of tokens at a discount. 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.
Review
| “ | 2010-2016: CONCEPT DEVELOPMENT. Initiation of Nagri scientific development by Vitaliy Smirnov, Professor of Biology (Moscow, Russia). Private investments. Field testing in different countries and different climatic zones. Product improvement, market research and business strategy development. 2016-2017: ATTRACTION OF LEGAL SERVICES. Obtaining certificates and permits from government agencies to be able to sell Nagri to farming companies in Brazil, Italy. 2018 Q1~2: ITO STAGE. Crowdsale. 2018 Q3-4: FIELD TESTING. Establishment of production in Brazil and Europe. Distribution of trial batches of Nagri to potential customers for field testing. 2019: RELEASE ON TO MARKETS. Start of active sales in Brazil and Europe. Expansion into other key markets. 2020: PROJECT REACHES OPERATIONAL SELF-SUFFICIENCY.[1] | ” |
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