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Ratings AgroTechFarm

The Global Eco Blockchain System

AgroTechFarm is the revolutionary fully automated intelligent appliance powered by blockchain and patented technology for the industrial cultivation of popular and unique species of various types of greens, vegetables and fruit all year round and regardless of climate conditions. Our mission is to supply the world with 100% healthy food through the use of the latest technology and blockchain.

3.4
16 15 expert ratings
Benchy 4.0
KYC
Experts
3.1
3.4
3.2
Review: coming soon PRO
~$581,050
value of tokens sold in ICO

Ended
Token
ATF
Type
Price in preICO
1 ATF = 0,012ETH
Price in ICO
2.7677 USD
Country
Whitelist/KYC
Whitelist
ICO start
23rd Jul 2018
ICO end
30th Sep 2018
Visit ICO website
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Ratings

All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Vladimir Nikitin
ADVISOR | CONSULTANT | EXCHANGES Listing
Rated on Apr 23, 2018
4
4
4
4%
This rating's weight is reduced by 50% as there is no review added.
Karnika Yashwant
ICO Marketing Expert | Launch Strategist | Global Branding and Fundraising Master
Rated on Jul 13, 2018
Modified on Jul 24, 2018
2
2
3
8%

Definitely, this is what the world needs - provision of organic farmed produce in places where they cannot be grown.

BUT we have seen so many cannabis projects ending in nothing.

I find questionable advisors on board which makes the project a bit risky.

+2Agree
0
-2Disagree
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Olga SivitskayaICO team member replied on 13 Aug 2018
Hello Karnika!

In a first place, we would like to express our highest gratitude for your interest and belief in a potential of our technology. The mission of our company is to supply the world with 100% healthy food through the use of the latest technology. We have already shown great results in terms of tests https://goo.gl/W2XTqz and this is just one example of the ATF potential.

Our concept is unique in a sense that we have created a fully automated intelligent appliance powered by blockchain and patented technology for the individual and industrial cultivation of popular and unique species of various types of greens (different types of salads), vegetables (tomatoes, cucumbers, peppers, etc.), fruit (strawberry) and cannabis all year round and regardless of climate conditions. The reason for adding cannabis to our list of cultivated species is the fact that we can not simply ignore such a broad and growing market, given the fact that the increasing legalization of cannabis takes place all around the world with an incredible speed.

Secondly, in terms of advisors, it is true that we were looking for advisors to get some professional help in terms of the development of the product in order to promote the ATF in the crypto community. During winter 2018, we turned our attention to the most professional resource - ICOBench, and began to look for advisors. We found the required experience and skills that were needed in professionals from the list of the top ICOBench experts. So if there are any evidence and specifics that can prove your feelings about our advisors, please, let us know. We have to know if some of our advisors, in your opinion, are suspicious or somehow involved in scam or projects with an illegal activity, and we will make proper adjustments and help other projects to avoid such kind of mistakes, if not, then, please, refrain from such peremptory statements.

In case of any questions, you can write to me here or via LinkedIn.
Thank you.
Nozomu Nakazato
Blockchain consultant
Rated on Aug 17, 2018
Modified on Aug 23, 2018
4
4
4
8%

I think the team is good.
I think that the technology for fully automated agriculture is wonderful. I think the team, the white paper, and the vision are balanced.
While I pray for the success of this project, for example cannabis is illegal in Japan.
There may be countries that ban cannabis in other countries, but there is concern for medical cannabis at least in Japan.
For this project I think that Japan should be excluded from the target country.
I will improve the evaluation of products and vision once this change is made.

*I have improved the evaluation as the project has released a wonderful solution to cannabis regulation.

+15Agree
+15
Disagree
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Krishnendu Chatterjee Ph.D.
Blockchain | Tokenization Strategist| Whitepaper|Tokenomics | BD| Fundraising
Rated on Aug 31, 2018
Modified on Sep 19, 2018
3
5
3
7%

White Paper - The white paper is unique focussing on the product itself. It is a very honest and simple White Paper claiming that they are doing an ICO as a means to just raise money. The best part of this being the device would be launched regardless of the ICO results. I wish them luck. Now comes the difficult part. The ICO would be much more attractive for the investors if -
(A) The company could ensure all the machinery sold would be put on blockchain making it mandatory to use Tokens for payment or they could do the conversion to tokens themselves.
(B) If they agreed to list the % of profit that would be reinvested to buy back tokens or the amount of profit to be shared with investors.
(C) They could have mentioned to have a supply chain on blockchain for organic products to be included in their App.

The benefits that investors gain from investing in this token are clear but not quantified so difficult to calculate any ROI. Providing further informations on above points would be good.

Team - The team composition is filled with experienced personnel in their respective fields. But then again no member from the team is having anything to do with blockchain, so I wonder what kind of blockchain development could be undertaken in future including App. Having at least a few members from blockchain developers in the core-team could have been an improvement.

Tokenomics - The token distribution is clearly stated and also the utilization of proceeds seems reasonable. The soft cap and hard cap scenario is well represented and within reasonable limits. As an investor quite troublesome to believe on the valuation of Tokens as the tokens might or might not have any utility at all.

Business Model - Launching an ETO i.e equity token offering would have been better suited for this model of crypto-fund raising. The utility model makes the investors vulnerable if the ICO fails to deliver on its promise of buy-back or ensure payments in tokens. Any clarifications would help!

MVP/ DApp/ Working Product  - The unique ICO has working model of their prototype equipments along with patents but no blockchain based MVP.

NOTE - In light of the mentioned points, I am re-scoring this ICO based on specifics provided.

Agree
0
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George Han
ICO Advisor
Rated on Jul 24, 2018
4
5
4
7%

A commendable product which I think will find a lot of traction
Much depends on the team's ability to get a buy-in of their vision.

The tokenomics is decent and I believe will allow gradual appreciation of tokens over time when the product usage picks up.

The team is well balanced with right skills in the relevant areas.
Suggest direct selling to government or NGOs.

+3Agree
+2
-1Disagree
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Ilya TsigvintsevICO team member replied on 24 Jul 2018
Thank you for your feedback. As for the agreements, we are already doing this with the following countries: the Arab Emirates, Africa, Malaysia, Indonesia, the Philippines, Singapore.
Yaroslav Belkin
Ex Cointelegraph and NewsBTC Media Group | Founder and CEO at Belkin Marketing
Rated on Jul 24, 2018
2
2
2
6%

Facts:

1) More than one advisor of the project have been claimed to be a scammer and have had expert status revoked which to me is a huge red flag by itself.

2) This is not a blockchain project. I fail to see a need for a technology here.

3) Crypto community have seen plenty of cannabis related projects already. We all know how they usually end up.

+1Agree
0
-1Disagree
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Olga SivitskayaICO team member replied on 5 Sep 2018
Hello Yaroslav! Thank you for your comments.

Firstly, in terms of advisors, it is true that we were looking for advisors to get some professional help in terms of the development of the product in order to promote the ATF in the crypto community. During winter 2018, we turned our attention to the most professional resource - ICOBench, and began to look for advisors. We found the required experience and skills that were needed in professionals from the list of the top ICOBench experts. So if there are any evidence and specifics that can prove your feelings about our advisors, please, let us know. We have to know if some of our advisors, in your opinion, are suspicious or somehow involved in scam or projects with an illegal activity, and we will make proper adjustments and help other projects to avoid such kind of mistakes, if not, then, please, refrain from such peremptory statements.

Secondly, the introduction of blockchain in ATF systems in 2020 will ensure the immutability and genuineness of the information about the origins and grow process of the produce cultivated with the appliances. We will be further developing ATF-i apps to build and improve the marketplace within them. This is projected to become a base for self-regulating, decentralized market of organic, chemical-free produce, knowledge, and services. With a goal of the creation of self-regulating, decentralized market of organic, chemical-free food ATF sets the whole ecosystem including various type of actors and type of interactions. Different participants may cooperate in process of exchange of ready-to-consume products, knowledge about growth programs, real-time stats and results of facilities’ operations, ATF tokens and more.

Thirdly, in terms of cannabis, this plant is not out main focus, although we can not ignore such a broad and growing market, given the fact that the increasing legalization of cannabis takes place all around the world with an incredible speed. Moreover, it is very important to note, that we are not promoting cannabis smoking in any way! We have added cannabis to our list of cultivated species because it serves as one of the obvious ways for the application of our equipment.

Even If you take a look at our website and social media channels, you will see that the majority of our content is about fruits and vegetables, and this is our primary goal!

In regard to cannabis legislation, we took the following steps:

1) We do not supply cannabis cultivation equipment in countries where it is prohibited.

2) We have limited the possibility of growing cannabis at the program level in those areas where it is prohibited. In order to launch a program to control the cultivation cycle of any plant, the ATF system must be connected to the electricity network, water supply, and to the Internet. If the user attempts to download the cannabis cultivation program in the country where it's illegal, we will see it by the IP address and the system will not allow this program to start working.

Moreover, in the ATF home series, there will be a variety of species to choose, such as strawberries, cucumbers, tomatoes, cannabis and etc. In countries, where the growth and/or consumption of cannabis is prohibited, this plant will not even be among the species to choose.
John Papadopoulos
Crypto-currency enthusiast, Miner, ICO analyst, Angel investor, ICO investor,Strategist
Rated on Jul 24, 2018
Modified on Jul 31, 2018
1
1
1
6%

I have studied many projects in my life and I do no think this will be successful. The idea is weak, there is no justification for raising money and the team is composed of reported scammers.

+1Agree
-1
-2Disagree
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Olga SivitskayaICO team member replied on 13 Aug 2018
Hello John! Thank you for your comment!

In terms of the ATF team, you unprovenly declare that "the team is composed of reported scammers". This fact defames the business reputation of the project and these people in person. If there are any evidence and specifics that can prove your statements, please, let us know, if not, then, please, refrain from such peremptory statements. In another case, we will defend our honor, dignity, and business reputation with legal institutions.

In terms of the other project-related comments, our concept is unique in a sense that we have created a fully automated intelligent appliance powered by blockchain and patented technology for the individual and industrial cultivation of popular and unique species of various types of greens, vegetables, fruit and cannabis all year round and regardless of climate conditions. The reason for adding cannabis to our list of cultivated species is the fact that we can not simply ignore such a broad and growing market, given the fact that the increasing legalization of cannabis takes place all around the world with an incredible speed. According to our roadmap, blockchain is planned to be integrated into our system in 2020. Moreover, unlike other projects, we are already launching the production (you can see the progress with harvest tests on our Facebook page f.ex.) of our farms despite the Token Sale results, which means that our investors would definitely receive their benefit from the contributions they have made in the Pre-Sale stage.

Among the main advantages of the ATF are:

- 100% Natural food
- No chemicals and other impurities
- Patented technology & blockchain
- Revolutionary technology in industrial cultivation
- 99% predictable harvest volume
- Stable plan for your business
- Availability of your favorite food anywhere and at anytime
- Easy accessible i-App
- Ready-to-use analysis and digitization of the growth conditions of any species from the list of cultivated
- Reduction of the environmental harm

And in addition, I should mention that everyone can make sure that our ICO is based on an absolutely transparent smart contract so that all market participants and investors can see how many Ethereum have been collected during ICO.

We believe that all these facts will convince you to fix your estimation of ATF.
Please, let us know if you have further doubts that need to be resolved.
Mohit Tater
Blockchain & ICO Advisor, Investor, Serial Entrepreneur
Rated on Jun 20, 2018
4
3
3
6%

I don't see why people need blockchain technology to grow food and cannabis?

But at least they are honest and accept it that they are doing an ICO as a means to just raise money. I wish them luck.

+3Agree
+3
Disagree
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Olga SivitskayaICO team member replied on 29 Aug 2018
Hello, Mohit! Thank you for your comment and your wishes! We really appreciate it!

The introduction of blockchain in ATF systems in 2020 will ensure the immutability and genuineness of the information about the origins and grow process of the produce cultivated with the appliances. We will be further developing ATF-i apps to build and improve the marketplace within them. This is projected to become a base for self-regulating, decentralized market of organic, chemical-free produce, knowledge, and services. With the goal of creating a self-regulating, a decentralized market of organic, chemical-free food ATF sets the whole ecosystem including various type of actors and type of interactions. Different participants may cooperate in process of exchange of ready-to-consume products, knowledge about growth programs, real-time stats and results of facilities’ operations, ATF tokens and more.
Simon Cocking
Editor in Chief, Cryptocoin.News
Rated on Sep 5, 2018
Modified on Sep 5, 2018
3
3
3
6%

Could be cool if it works, interesting idea for sure. Will keep an eye on it.

Food is super important of course, especially as population continues to rise.

Agree
0
Disagree
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VAKEESAN MAHALINGAM
ICO Analyst|Content Writer|Trader| CFA Charterholder|Consultant
Rated on Apr 23, 2018
3
3
3
5%

UPDATED: At first the presentation seemed heavily cannabis focused, but with automatic cultivation of organic produce, this project is capable of solving agricultural difficulties in many parts of the world.

Agree
-2
-2Disagree
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Anshul Dhir
Founder and CEO, Exuberant Financial Services| Qadcore
Rated on Sep 6, 2018
2
2
2
4%

The idea is noble but too ambitious to execute. Organic food has definitive market but being controlled by big industrial houses. Quite sceptical that how adoption at huge scale shall be achieved provided entry barriers. Also, I cannot see real utility of token in business model, inclined heavily towards discount. There can be different and more convincing tokenisation model that may add to real value of toke besides giving vanilla discounts just to accelerate adoption. The industry is quality specific and no mechanism has been chalked out to ensure same. Whitepaper is quite thorough and planned rightly. Tokenomics is clear but hard cap seems on higher side provided ether price w.r.t. time has been anticipated. Team looks good but surely lacks required skillset for blockchain development. Blockchain as a database surely has huge use case in supply chain management, execution is another part. Business model looks weak to me and definitely not very impressive to derive real ROI out of token for investors. ICO route may not be real need of project. There are numerous funds, VCs and industrial houses ready to invest into such projects. As business, it looks satisfying, surely not very much convincing with ICO, tokenisation and blockchain implementation. All the Best!

+1Agree
+1
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Olga SivitskayaICO team member replied on 11 Sep 2018
Hello, Anshul! Thank you very much for your comments and such a thorough analysis! We agree with your statements and working right now on the improvement of our internal processes, business model, operations as well as on our domestic and international strategies.

We hope, that when we show the results, you will slightly change your opinion and look at our project from a new perspective. Thank you again for your contribution to the development of our project!
Jayesh Trivedi
Crypto Exchanger
Rated on Sep 6, 2018
Modified on Oct 8, 2018
4
5
4
4%

Their idea is noble.

Many companies are working for organic farming and they are doing pretty well without blockchain technology.

The market for this token is very limited.

Ratings Updated after getting response from the ICO team.

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0
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Gabriela Haze
Gabriela Hazboun
Rated on Mar 7, 2018
5
5
5
3%

Their appliance is more advanced than the other available growers like Seedo and Leafy.

The team's choice to use an ICO to gather funds faster than their competitors who are using deposits, will allow them to penetrate the market quicker and meet demand.

Only remark is that the team could have provided more technical details about the product. Yet, it is also possible that it was done on purpose to prevent copying.

+3Agree
+2
-1Disagree
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Pavlos Tzegiannakis
Co-Founder of CORE, ICO advisor, Passionate Investor
Rated on Jun 3, 2018
4
5
5
3%

Team: They have a solid team, with some good advisors, but I think one "world class" team member would make things even better.

Vision: Indoor ATF homes and farms are definitely something to look at in the future.

Product: They have already 2 patents, so that's definitely a plus.

+3Agree
+2
-1Disagree
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Philip Dimitrov

Rated on Apr 4, 2018
Modified on Aug 17, 2018
4
4
4
3%

Team 5:
Most ICOs I have seen here seem to have mostly business savvy people on the team. Which is definitely important, however I like the fact that AgroTechFarm has a
team packed with many different technical and scientific backgrounds. Also, the advisory board consists of people that are not only "useless" ico advisors!

Vision 5:
AgroTechFarm wants to conquer the North American organic food and cannabis market. I see they have more focus on cannabis, which makes sense since it is one of the booming industries growing way quicker than the GDP of USA or Canada.

Product 5-:
They have a solid working product and are ready to go to market and scale their operations.
Five minus, because they don't have any blockchain in their product. I think that using the blockchain as a vehicle to fund-raise is something we should start to embrace as the next step of ICO evolution!

This is not an investment advice, please make your own research

+3Agree
+2
-1Disagree
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Benchy
ICO analyzer bot
4.0
19%

Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

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Ilya Tsigvintsev
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