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.