Algorithm: sha 256
Proof of work block reward: 2 coins per block
Time between blocks: 1 minute
New Mined or Staked Coins Maturity: 100
POS Yearly Rate: 3%
Minimun Stake Age: 1day
Max Stake Age: 180 days
Pos start at block 5000
Pow ends at block 5256000
Proof of Stake start at block 5000
Proof of work ends at block 5256000
At block 1 a premine of 200 millions coins will be created. which will be used for:
1- 50000 coins will be given to each one of the 20 project cofounders.
2- 1000 coins will be given to the first 1000 users who register in the Agrolife social network.
3- The most active users in Agrolife social network will be awarded with activity points and this maybe exchanged per coins.
4- A Faucet site will be online for distribute coins to new users
Agrolifecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Agrolifecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances
Digital Creative cryptocurrency on a mission to turn the world agriculture into one of the most profitable investment ever. That’s right it's AGROLIFECOIN!
Agrolifecoin is an innovative agriculture-focused investment cryptocurrency that provides tailored capital and technical assistance solutions to commercially-viable small and medium-sized enterprises. Agrolifecoin invests in such enterprises as part of its mission to catalyze agriculture-led inclusive economic growth in the world, and increase the amount of commercial capital available for agriculture.
The need for investing in agriculture is increasing due to a rising global population and changing dietary preferences of the growing middle class in emerging markets toward higher value foods.
According to estimates, demand for food will increase by 70% by 2050, and at least $80 billion annually in investments will be needed to meet this demand, most of which is expected to come from the private sector.
Banking sectors in developing countries lend a much smaller share of their loan portfolios to agriculture compared to agriculture’s share of GDP. This limits investment in agriculture by both farmers and agro-enterprises. It also demonstrates that the barrier to lending isn’t due to a lack of liquidity in the banking sectors, but rather a lack of willingness to expand lending to agriculture.
Government policies often prove to be ineffective and could in fact create impediments to offering financial services to the agricultural sector.
The Agrolifecoin, a multi-stakeholder cryptocurrency program funded by Agrolife team, miners, investors and supporters from all around the world, aims at providing technical assistance to financial institutions in developing countries to improve their capabilities in lending to the agricultural sector.