FarmCoin Token

FARM

FarmCoin logo

The Raise Total

$42,000,000

Price Per Token

-

Raise Start

-

Minimum Investment

$0

https://www.fincomeco.com/

Food Asset Coin Eco-System (FACES) aims at providing infrastructure & resources to 700M unbanked farmers in Africa, enabling them to feed their families, countries, and the world

Terms

Fundraise Information

Total Raise $42,000,000 USD
Soft Cap $3,000,000 USD
Raise Status -
Minimum Investment $0 USD
Accepted Investors -
Security Type Dividend
Exemptions -
Instrument TBD

Token Information

Price Per (FARM) -
Token Issuance Platform -
Token Protocol I currently have not selected a protocol
Token Issuance Info -
Payment Options
  • USD

Token Rights

TBD

About

Overview

FarmCoin’s primary aim is to provide a fully regulated financial infrastructure commodity ecosystem. This ecosystem intends to provide financial opportunities for those parts of African farming community who are either ineligible for loans or are forced to take on borrowings via moneylenders at uneconomic rates In the FarmCoin model, farmers will be able to bring surplus crops to a warehouse. The surplus crops are aggregated and sold via FinComEco facilitated commodities exchange. Once the crops are sold, the warehouse fees and loan interest are paid and the net profit credited to the farmer in FarmCoins. The interest rates on FarmCoins will be at a mutually agreed, decentralized interest rate, expected to be up to 50 percent lower than prevailing bank lending rates and 75 percent less than the commercial rate Investors will be able to participate in the FarmCoin via Swarm‟s fully regulated marketplace. This investment will help supply African farmers with the financing of the infrastructure needed to help them raise yields and sell crop surpluses

Highlights

Investors who participate in Swarm’s marketplace will purchase FarmCoin tokens, representing fractional ownership in the FarmCoin infrastructure, making this a true asset-backed token. FarmCoin token holders will benefit from a share in the fees and interest paid by the farmers

Team

Hirander Misra

Co-Chairman, CEO & Founder

Steve Round

Director

Chairman

Rt Honourable Mark Simmonds

Not Verified

Advisors

Rory O'Brien

Board Observer and Project Director

Hash S. Dave

Investment Advisor

Neeraj Bhardwaj

Investment Advisor

Documents