What is Gric?
This whitepaper describes how GRIC is going to disrupt and transform agriculture and farming practice with the launch of a smart blockchain based GRIC Project for agriculture, with a particular focus on Africa. It will have positive impact on the overall cryptocurrency market as well. GRIC aims to create a decentralized open source blockchain based agriculture platform, enabling the common investors and farmers to benefit from new technologies.
The World Bank estimates show that African food market will be worth US$1 trillion by 2030, up from the current US$30-50 billion. The major problems afflicting the agriculture and food market include lack of finance, lack of standardization in processing and packaging, counterfeiting or food fraud. The Gric Coin project is set up to solve the aforementioned problems, The Gric Coin project aims to create a brand that will be a benchmark in the agricultural industry, remove imitation on food production/supply, bring about transparency with the aid of blockchain, and create a vehicle for people to invest on real life agriculture and earn reward on their investments.
The Gric Coin project is divided into three major parts:
1. The Farm Project,
2. The Coin Utility Project, and Service Adoption.
Our FarmPartner.ng platform lists farm projects with their individual total cost of project, and the percentage return on investment, etc. It helps investors make an investment decision on the farm project of their choice. When fund iscollected for a farm project, our dedicated farmers will do all the hard work, and at the agreed time pay back to investors their initial investment and the agreed return on investment. We will focus on the high potential parts of the agricultural production value chain like organic farm produce and GM foods for better earnings prospects. Through our Pre-ICO and ICO, we aim to raise funds between $10,000,000 and $25,000,000 for our agricultural and farming project. The GRIC PreICO and ICO sale will start in the second quarter of 2018. 70% of all coins are available for purchase during the ICO. Awesome crowdsale bonus would be available during the ICO, especially Pre-ICO.
GRIC Token is built on the Ethereum blockchain. Gric token is built on the best crypto platform ERC-20 (Ethereum platform). That means fast transactions, very low fees, and the unlimited growth possibilities. Ethereum is an open-source project which allows creation of smart contracts and provides users with a secure and fast transaction system. GRIC will implement a comprehensive plan for marketing. We are planning multiple approaches of digital marketing such as banner ads, press releases, signature campaigns and social media. We will list our ICO on the leading cryptocurrency exchanges. GRIC has a pragmatic financial plan as a part of the overall strategy. In its operations, GRIC will focus on the bottom-line from the very beginning to achieve the profitable growth and sustainability. The biggest chunk of funds raised would be invested in buying 1000 acres of land for farming. The GRIC team comprises of highly experienced and qualified professionals. The management has a great depth and breadth of exposure and hands-on experience across various domains in agriculture, farming, food processing, blockchain technologies, cryptocurrency/digital currency space, finance, marketing, etc. We will pay about 20% of Gric Coin project profit to our token holders on a set period every year.