Agrivita Innovation

Maret 02, 2018

Agrivita Innovation

Hello my friend this time I will discuss continued about Agrivita and this time I will discuss Technical Description of ICO until the most complete. Let's see

Technical Description of ICO

Interest payment

Interest shall be paid in full, automated and decentralized by recording program logics in smart contracts in a block chain, which cannot be affected by any external factors.

Therefore interest payment shall be made in any case, irrespectively of the human factor.

Limitedness of token issue

No one will be entitled to token emission, both initial and supplementary. The right to emission will be transferred to ICO smart contract prior to its launch and a token will be issued automatically at the account of a user, from which ether was forwarded at ICO address, here, the amount of ether, which can be collected at ICO is limited as well as the maximum number of tokens with smart contracts logics. After the issue of the maximum number of tokens, the contract will stop receiving ether, instead all amounts received will be sent at the address of the investor, who set tokens.

ICO Timing

ICO is strictly limited in time and no token may be issued outside these timeframes, as well as no ether transaction will be accepted by ICO smart contract outside such timeframes

If the required amount has not been collected, the whole ether will be automatically returned to investors in the same quantity, and tokens will be destroyed

Beginning of token circulation

The possibility of token transfers will be launched automatically in case of successful completion of ICO (the required amount collected within the designated time period). Then tokens will be introduced at the second market by adding new pairs with such token in various stock exchanges and exchangers. Before that tokens may be purchased only at ICO and in no other way.

Repurchase of tokens

14 months after the launch of a token, the possibility of repurchasing a token for ether will be launched at the rate of one token per 1 USD. The fixed amount in ether will be repurchased every month. A user shall repurchase by sending tokens at a special address, after which ether will be forwarded from the contract address at the user’s address. In case of exceeding of repurchase limit, tokens will be returned to investors. Tokens may be repurchased only during first three years after the beginning of the procedure.

Token exchange for goods

Exchange shall be carried out 14 months after launch of tokens by sending tokens at a special address. Here, farm products purchased with AGR tokens will be discounted. It means that any token holder can exchange them to products by selecting them at agrivita.ru. During ordering, a QR-code of the wallet address shall be generated to transfer tokens. After successful forwarding sufficient AGR, the product will be provided to a member of Agrivita community free of charge.

LOYALTY PROGRAM

Anyone who purchased tokens becomes a participant of the Loyalty Program

1. Beginning from 15.05.19 monthly interest of at least 4% per annum will be accrued AGR token holders. Payments shall be made every 30.5 days. Interest shall be accrued on the token balance present in the investor’s wallet.

2. Beginning from 15.05.19, participant will be able to:

a. Exchange AGR tokens to Agrivita Eco-farm products via the web-site or a mobile application. You may look at the product list in the Annex 3.
b. Exchange AGR tokens to crypto-currency.

DISTRIBUTION OF COLLECTED FUNDS

All funds collected at ICO from participants of Agrivita community will be used for the development and expansion of Agrivita agricultural organic farm.

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