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Nagricoin
Smart Contracts for Smart Fertilisers
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.
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.
Evgeniy KozarenkoICO team member replied on 8 Aug 2018
Jeremy,
It was a pleasure to speak with you about our project and to discuss the implications an agricultural project like this would have on the marketplace. Your insights and candid review of our efforts have been very useful. Thank you for reviewing our project publicly and for taking the time to discuss with the team your thoughts.
We are designed as a hybrid STO with built in utility for the asset. We think this new economic model will be beneficial for future use cases not only in agriculture, but in many businesses where capital is imperative but also the internal dynamics of the industry require thoughtful utilization of cryptocurrency beyond Bitcoin and ETH.
Once external volatility stabilizes we foresee great consolidation of tokens and that’s why we issued the buyback strategy to mitigate the risk for such consolidation of our token. We want the token to survive for a period of time long enough to benefit early adopters and users of NagriTech products, but to also allow other currency to take its place once cryptocurrency adoption and volatility align with market expectations.
Thank you again Jeremy!
Board Advisor- Early Adoption and Strategic Partnerships Rated on May 16, 2018
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The only application of blockchain for this project is the fundraising activity.
I do not see any viable ROI to investors.
I do not believe this to be a good investment
Evgeniy KozarenkoICO team member replied on 16 May 2018
Douglas, Thank you so much for reviewing our project. You’re right about how blockchain technology interacts with NagriCoin. We use this technology to create a transparent and fluid investment process via a smart contract. We are a tangible product based manufacturing company linked to the agriculture sector. The value of our token will be linked directly to the gross revenue of NagriTech through sales of our products. We have created an incentive marketplace with the token; those that use the token for product purchases receive discounts. This creates an incentive for large buyers to acquire tokens from the exchange marketplace and helps to drive value. We decided to use a token offering because it provides a greater level of clarity for investors, and it develops an incentive based internal economy for our agriculture customers. This also speaks to ROI for investors, but we’ve also issued a buyback of tokens. As NagriTech reaches profitability, the company will repurchase 20% of available tokens. This will ensure a more stable value at that point and should also help to increase value as the buyback continues year over year. We do truly appreciate your feedback and your honest look at our project. If you have any more questions or want to understand the team and it’s goals more, please reach out to us via email [email protected] Thank you again.
ICO consultant Rated on Aug 2, 2018 Modified on Aug 2, 2018
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The team seems to be an agricultural specialist. It is considered for a long time. I appreciate this point.
It is also worthwhile to stop exploitation of people who do not have access to banks.
But this field is a terrible fierce battlefield in ICO. I think Nagri HL is a clear advantage over competitors. I would like to know more about this growth rate and marketing plan.
Also, block chain experts are absent and the importance of the block chain seems to be in fund raising, not in the project itself.
Evgeniy KozarenkoICO team member replied on 8 Aug 2018
Hi Nozomu,
Our competition in the industry sector is incredibly fierce. The key to achieving success in the agricultural markets is to prepare strategic partnerships in distribution, manufacturing, and sales. NagriTech has prepared these avenues for a successful entry into market. Nagri HL is a breakthrough in agricultural science that has the chance to improve farming well into the next decade. Beyond the components of operational necessity, we have a developed marketing plan to pursue Brazil and several countries in the EU first.
Many of these areas are not as saturated with affordable natural agricultural products and have less barrier to entry. Our team has developed and tested the product and maintained its quality when producing larger batches for testing. We have obtained product registration and started business development in eastern Europe already. Our partners in Brazil are ready to produce the necessary market samples for agronomists test plots for early next year.
We have been backed by a well respected crypto VC fund, and have reached our softcap already. The project will need additional funding to produce the expectations of the business plan, but we fully expect that the secondary market will add to the support we have already received.
Our mission is to promote new and innovative natural agricultural technology globally and to ensure the sustainability of our food supply long term. The message for the crypto community is that there is an opportunity to invest in a transparent Security Token Offering that has built in utility for its token users. The hybrid economic structure of the token combined with the available $5.6 Billion USD yearly market for products of this type make NagriCoin an exciting blend of new wave crypto and real world application.
The potential market for this one product is HUGE! The ability to utilize the token for global transfer of value inside the NagriTech ecosystem will save the company and customers a lot of money. Providing a secondary exchange component will produce an even more fluid model for trade. This is a win win for the players in both agriculture and cryptocurrency.
In closing, I wish to thank you for your examination of our project. There are many positive opinions on what we aim to do and I can assure you that we are nearing the start of something truly great.
ICO Advisor, 50+ ICOs since 2016, Founder and Publisher of Blockchain News, partner Blockchain Partners, founder Cryptoassets Design Group Rated on May 19, 2018
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You know Google is your friend. And it's pretty simple to find out you are NOT the only agriculture coin - in fact https://www.agrolifecoin.org is already on a number of exchanges. Smartlands has already tokenised cherries in Spain, and
To me this shows lack of business acumen... If you don't know who your own competitors are, then you don't stand much of a chance of success.
The Whitepaper is clearly a business plan that has had an ITO section thrown in.
The team looks good and I honestly want this project to succeed. I only criticize to help you better craft your narrative and make a better pitch. Don't call yourself the 'only', the 'first' or the 'biggest' - focus on why you are the 'BEST'.
The burning strategy is interesting. Highlight it. Be unique.
Evgeniy KozarenkoICO team member replied on 20 May 2018
Thank you Richard for your honest and thorough evaluation of NagriTech’s offering. We value your expert opinion and welcome the advice to improve our company narrative to resonate with our investors and marketplace. Thank you also for your kind words concerning the project’s success. We know we will succeed as long as we continue to receive such great feedback and remained focused on improving consistently. We have worked very hard to get to this point and promise to continue through all the adversity that can arise in business. We feel strongly about a number of our newer partner relationships and growing community that are helping to guide and advise us throughout the ITO process and beyond.
Upon your advice, we are revising some portions of the NagriCoin whitepaper to distinguish the offering and to improve the story it tells. The buyback and burning strategy is intended specifically to benefit investors through a Proof of Assets model. It’s not the first crypto backed by an asset, but it incentivizes token holders for the production of the asset class and product commodity. We are adding an entire section to describe this model better based on your critique. I want to thank you on behalf of NagriTech, its investors and partners, and welcome any future questions or comments.
Blockchain & ICO Advisor, Investor, Serial Entrepreneur Rated on Jul 9, 2018
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Not the most novel or original idea but the team is solid and if they can execute it well, it might have a chance. Time will tell if this can deliver a good ROI for the investors.
Evgeniy KozarenkoICO team member replied on 13 Jul 2018
Mohit,
We appreciate you spending time to evaluate our project. We aren’t rewriting the rules of business, but we are taking a more novel get to market strategy. We think that the process of our ITO has been incredibly helpful in forming relationships globally that are producing incredible possibilities. Thank you for noting our experience and expertise. We know that over time the fast changing agricultural market will need companies like NagriTech to produce products and services based in natural technology. The token was generated to help the company with fundraising, ease of global trade and commerce, and to promote the internal economic relationship of farmers and purveyors utilizing our token as an opportunity to improve their cost basis. Our commitment to the future of farming and agricultural development is real and highly focused. The initial product is high margin which will help the company attain profitability through self sufficient means after initial fundraising efforts. Again, thank you for your investigation of our project.
ICO and Blockchain Advisor. Full Stack and Ethereum/Solidity smart contract developer. Rated on May 22, 2018
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The team appears to be solid and the product appears to be researched for relatively long time.
From the investors prospective, it appears to me that burning of tokens indicates lack of long term strategy. The tokens appear to be only used as fundraising mechanism. If such then they should be security tokens and offer investors long term prospects of profits in form of equity/dividends.
Evgeniy KozarenkoICO team member replied on 22 May 2018
Thank you for your review of NagriCoin Bogdan! We have developed the Nagri-HL product over the last 7 years conducting field tests globally to maximize the benefit and reduce its ecological footprint. The NagriTech team appreciates you really taking the time to investigate our project and offer commentary. The tokens are created solely as an investment vehicle and the burn is a strategy to reduce the circulation and support the value of the token. Our long term strategy is for NagriTech to be completely self sufficient by 2022 and have repurchased and burned all outstanding crypto tokens. This act as a type of reverse dividend VC model we are calling Proof of Assets. The assets NagriTech receive from revenue in product sales will prove the valuation of the Token and should deliver a rising valuation for it’s holders as the burn increases consistently with the profitability of NagriTech. In short, Proof of assets will help to determine token performance.
We didn’t want to create a security token offering and reduce equity over a large base of investors this early, and increase governance requirements that could potentially stifle our marketplace agility and slow decision making processes. It was a consideration, but we found a model that provides an interesting opportunity for investors that has a solid basis in a developed business plan. We thank you again and are excited to bring NagriTech to market because of thoughtful advice like yours. Please don’t hesitate in reaching out to us at any time.
Evgeniy KozarenkoICO team member replied on 16 Jul 2018
Alexander,
Our currency is representative of the company and its impact to organic agriculture and the technology that it encapsulates. Our plant nutrient, Nagri HL is the first and highest margin product NagriTech will produce. If you are familiar with the agriculture sector then you know large and industrial companies manage many farms across borders and continents. Utilizing an internal currency promotes reduced fees for both companies rather than purchasing bitcoin and waiting for the large transaction block to be verified and paying a large transaction fee on top of it. The same thing applies to ethereum for gas or gwei. Tokenizing the assets of our company revenue and the products they represent are a way to provide a greater level of support for those choosing to invest into Nagricoin.
To your point about farmers asking for cryptocurrency. Many farmers and people living in rural areas don’t have access to traditional banks. Having a token that represents their investment in their land makes more sense to them than purchasing their own countries fiat currency. Farmers are becoming one of the increasing populations interested in decentralized currency options. We make no claims about wanting to be a currency forever. That is why we have a buyback requirement issued and stated in the whitepaper and investment documents. We want to provide the greatest utility to our token community while also ensuring the currency has its use while circulating. I greatly appreciate you raising these important questions about the reality of agricultural development and how it relates specifically to Nagricoin. We appreciate your review and hope you’ll consider changing the rating based on our answer. If you need any additional information, partners, or have any questions, please reach out to any of us on the NagriTech team. You can find our LinkedIn profiles listed here and we will happily field all of your queries. Thank you again.
CEO of TimeBox | Serial Entrepreneur | Expert of Blockchain, Gaming, ICT Industry In Greater China and Northeast Asia Rated on May 21, 2018
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The team is good and it's rare to see the green project. The market is there for sure and I will suggest the team to ally with the leading companies in Asia, after all , the population in Asia is 4.4 Billion, over 60% of total. As for green project, the target audience won't be the short term investors who just want to cash out in the day one you list your token in the exchange, so it's a task for your marketing team to think about and form your marketing strategy for ITO accordingly. Good luck and hope to see your success!
Evgeniy KozarenkoICO team member replied on 21 May 2018
Alex,
Your insight into our global sales strategy is greatly appreciated. We have a major announcement coming very soon that will excite the Asian market. Our plans to distribute into China, Thailand, Japan, and Korea are much closer than we originally anticipated. NagriTech knows this is a huge market opportunity and wants to ensure it can compete effectively with the right partnerships for the Asian agricultural marketplace. Thank you again for your review. Please reach out with any questions or additional comments to [email protected]
Business Development, ICO Advisor Rated on Jun 1, 2018
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I gave a low rate to the "product" just because of the low level of application of Blockchain technology in the project. To be able to fully understand the potentials of the product a degree in biological sciences or genetics is needed. Also, other projects already got into this business and have more advanced projects.
Nevertheless, the team seems to have an adequate track record to meet the expectations.
The potential market for the business is huge but again, the most of the risk is connected to the success of Nagri fertilizer.
I don't expect the value to skyrocket in early stages so could turn out to be a surprise in the future, I would wait and see, maybe in the future, it will be worth an investment is not too risk-averse.
I Hope the best for the team, it's always nice to see a project that can have a direct impact on the REAL economy!
Evgeniy KozarenkoICO team member replied on 8 Jun 2018
Thank you for your objective review Ruben. We are certainly poised to to complete the necessary tasks to implement full scale production of Nagri HL fertilizer. The company focus on the REAL economy, like you said, is incredibly important. We have an opportunity to affect the lives of many people with positive contributions in farming technology. With the help of the crypto community, we are sure to make our goals and see investments improve the world around us with NagriTech. The investment model is more risk-averse long term because of the token model and we appreciate you pointing it out.
We think early investors will be very surprised at how well the company can perform against projects that have already been involved in the agricultural sector using a crypto platform. We are merely carving out a niche within the massive $5.7 billion yearly organic fertilizer marketplace.
Our biggest competitors in the agtech fertilizer space are scattered and lack innovation. Our product is incredibly useful during the plant cultivation process at the seed level. Nagri HL reduces investment for farmers to improve yields without the need for additional overhead such as additional equipment.
Thank you for your honest review and we know we will improve farming practices worldwide receiving useful and objective feedback from thoughtful experts like yourself.
Entrepreneur Rated on Aug 15, 2018 Modified on Aug 15, 2018
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Sorry guys but beside the ICO I don't see any connection between your project and the blockchain eco-space. An ICO is simply the wrong funding vehicle for your business model. In my opinion, you should consider raising money from angels and go for a solid series A funding round. Good luck anyway - you really might need it.
Evgeniy KozarenkoICO team member replied on 20 Sep 2018
Hey Gregor,
The Token offering is specifically for the funding and tokenization of NagriTech products. The token represents the revenue those products generate. We agree that solid angel investors and series A strategies are effective to generate the necessary capitalization for our industry sector. If you read the whitepaper, we discuss how we have used the previous 7 years documenting, researching, and procuring distribution relationships to generate revenue on a larger scale. NagriTech has worked to receive product registrations in its initial markets, promote and market its products in the EU and Brazil, and to support our early investors that have helped us to get to this point. We also agree that there needs to be a lot of luck for any business to succeed. We approach our business by creating opportunities and living by the philosophy that we can improve the world through better farming practices. NagriTech is already working to deliver the first sample batches for sales testing and place preorders for sale. The ITO was successful and will provide the necessary funds for our initial development. We will do additional fundraising as we grow and have the need to increase manufacturing. We have already placed our full development plan in the whitepaper. Thank you again for giving advice and providing feedback. We wish you the best Gregor.
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From 0 to $2 000 000 - 40,000,000 NGRX Tokens - 50% From $2 000 000 to $17 000 000 - 200,000,000 NGRX Tokens - 25%
Tokens for sale
300,000,000
Investment info
Min. investment
0.1 ETH
Accepting
ETH, BTC
Distributed in ICO
82%
Soft cap
500,000 USD
Hard cap
22,000,000 USD
Raised
$1,718,000
Milestones
1
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.
2
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.
3
2018 Q1~2
ITO STAGE.
Crowdsale.
4
2018 Q3-4
FIELD TESTING.
Establishment of production in Brazil and Europe. Distribution of trial batches of Nagri to potential customers for field testing.
5
2019
RELEASE ON TO MARKETS.
Start of active sales in Brazil and Europe. Expansion into other key markets.
