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YOU ARE REMINDED THAT THIS WHITEPAPER HAS BEEN DELIVERED TO YOU
ON THE BASIS THAT YOU ARE A PERSON INTO WHOSE POSSESSION THIS
WHITEPAPER MAY BE LAWFULLY DELIVERED IN ACCORDANCE WITH THE
LAWS OF THE JURISDICTION IN WHICH YOU ARE LOCATED AND YOU MAY NOT,
NOR ARE YOU AUTHORIZED TO, DELIVER THIS WHITEPAPER TO ANY OTHER
PERSON.
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BUSINESSES AND ACTIVITIES AS WELL AS CRYPTOCURRENCIES AND
CRYPTOCURRENCY-RELATED BUSINESSES AND ACTIVITIES IN A NUMBER OF
JURISDICTIONS. THE COMPANY HAS SPENT TIME AND RESOURCES TO
CONSIDER ITS BUSINESS APPROACH AND WHERE IT PROPOSES TO OPERATE
NOW AND IN THE FUTURE. IT IS POSSIBLE THAT THE COMPANY’S PROPERTY
COINS DESCRIBED IN THIS WHITEPAPER AND WHICH ARE THE SUBJECT OF THE
TOKEN GENERATING EVENT MAY COMPRISE A SECURITY IN CERTAIN
JURISDICTIONS OR THE OFFER FOR SALE BY THE COMPANY OF THE
PROPERTY COINS IN CERTAIN JURISDICTIONS MAY BE A REGULATED OR
PROHIBITED ACTIVITY. IN ADDITION, THE PROPERTY COINS ARE NOT BEING
OFFERED OR SOLD AND MAY NOT BE OFFERED OR SOLD, DIRECTLY OR
INDIRECTLY, EXCEPT AS PERMITTED BY THE SECURITIES ACT AND OTHER
APPLICABLE LAWS AND REGULATIONS. THE COMPANY ACCEPTS NO
RESPONSIBILITY OR LIABILITY TO YOU IN THESE OR ANY OTHER
CIRCUMSTANCES. YOU ARE STRONGLY ADVISED TO CONSULT YOUR
INDEPENDENT LEGAL AND TAX ADVISORS IN RESPECT OF THE LEGALITY IN
YOUR JURISDICTION OF YOUR PARTICIPATION IN THE TOKEN GENERATING
EVENT AND PURCHASE OF AGROCOINS, AND ANY TAX IMPLICATIONS
ASSOCIATED THEREWITH.
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PROSPECTIVE PURCHASERS ARE NOT TO CONSTRUE THE CONTENTS OF THIS
WHITEPAPER OR ANY PRIOR OR SUBSEQUENT COMMUNICATIONS WITH
REGARD TO THIS WHITEPAPER AS INVESTMENT, LEGAL, ACCOUNTING,
REGULATORY OR TAX ADVICE. PRIOR TO ANY PURCHASE, A PROSPECTIVE
PURCHASER SHOULD CONSULT WITH ITS OWN ADVISORS TO DETERMINE THE
APPROPRIATENESS AND CONSEQUENCES OF SUCH A PURCHASE IN RELATION
TO THAT PURCHASER’S SPECIFIC CIRCUMSTANCES.
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This Whitepaper contains forward-looking statements. These statements include
the following:
I. The tokens issuers business model, goals and objectives
II. Rules and guidelines for distributing the paybacks to our customers
III. Guidelines and criteria for acquiring other agricultural projects from our “incubator
program”
• Our ability to foresee or identify potential risks for the business such as pests
or diseases in our plants.
• Our ability to commercialize our product in the open market at the price our
model requires to generate the expected returns we envision.
• Our ability to identify liabilities associated with acquiring projects prior to their
acquisition.
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• Our ability to add value to Agrocoin through new productive projects for our
Incubadora program “Incubator”
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DISCLAIMER
SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS
KYC AND AML
OUR VISION
AGRICULTURAL SITUATION IN AMERICA AND IN THE WORLD
GENERAL INFORMATION REGARDING THE HABANERO PEPER IN THE
INTERNATIONAL MARKETS
INTRODUCTION TO AMAR HYDROPONIA
INTRODUCTION TO AGROCOIN AND OUR BUSINESS MODEL
THE HABANERO PEPPER PROJECT
REPORTING OF RESULTS TO OUR INVESTORS
AGROCOIN TECHNOLOGY
DEPLOYMENT OF CAPITAL FROM THE ICO
INCUBADORA PROJECT “BREEDING PLACE”
TOKEN SALE
AGROCOIN REWARDS
THE ROAD AHEAD
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Our vision is to create the first agricultural cryptocurrency for a
decentralized blockchain world. We envision an ecosystem where
people from around the globe can participate in Agribusiness projects
in Mexico and the Americas without having the expertise, knowledge,
time and pure determination to become an independent farmer.
Software, computer engineering and finance are creating a ground
shell for what many have deemed the fourth industrial revolution.
This next wave in the way companies, technologies and people
interact relative to one another is likely to be more
transformative than any previous industrial revolution we have
seen. People will be able to deploy resources to projects they
believe in without the need to interact with middlemen,
government bureaucracy or corruption.
We believe that by deploying these resources effectively we can
change the course of migration, food shortages and employment
in these much-needed rural towns.
We are revolutionizing the way Agribusiness will be funded
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The Agribusiness of the United States, Canada and Mexico are interconnected
through the North Free Trade Agreement. All countries face similar agricultural
challenges:
• High cost of Industrial Agriculture
• Land Management or draining soil of nutritional value
• Food Waste
• Agricultural dumping
Mexico is a territory that has been underfunded the investment in Agribusiness
through the private sector because of the risks and returns associated with
the business, lack of expertise and economies of scale. There is also a lack of
government subsidies and funding that has not allowed the industry to prosper
and be able to compete in the global marketplace. Agricultural dumping
between the United States and Latin American countries have swept
agricultural prices in nearby countries therefore increasing displaced rural
workers migration.
All these aspects have caused an array of political, social and migration
problems around the Americans that can clearly be seen in today’s global world.
The chili seeds originally come from South of Brazil and east Bolivia, but bird’s
migration bought them to North America. There are currently five different
species that encompass the majority of traditional chili around the world and
the habanero pepper belongs to the Capsicum Chinese species.
These peppers need to be produced in hot and humid conditions and the two
main countries involved in the production are Mexico and Dominican Republic.
According to USDA figures in 2017 the imports of fresh chili peppers into the US
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amounted to $279,000,000 USD (1) with Mexico covering 97.8 % market share.
The price for these peppers are high and stable due to the undersupply that
exists in the market place. Below find the prices per pound in USD and KG in
MXN as well as the exchange rate (USD/MXN) for the year 2017. (2)
$120.00
$100.00
$80.00
$60.00
$40.00
$20.00
$-
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
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USD/MXN 2017
$22.00
$21.00
$20.00
$19.00
$18.00
$17.00
$16.00
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
(2)
https://www.marketnews.usda.gov/mnp/fv-report-top-
filters?type=termPrice&commAbr=PEPO&locName=&commName=PEPPERS%2C+OTHER&startIndex
=1&rowDisplayMax=25&portal=fv&navType=byComm&navClass=VEGETABLES&termNavClass=&ship
NavClass=&movNavClass=&stateID=&volume=&repType=termPriceDaily&locAbr=&environment=&var
Name=HABANERO&organic=&repDate=04%2F06%2F2018&Go=Go
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Amar Hidroponia (AH) is a company incorporated under the laws of Mexico and
its primary focus is on agriculture.
AH operations are based in the Yucatan peninsula (State of Quintana Roo) in
a town called Leon Vicario about 30 minutes from Cancún. It’s core business is
to produce habanero peppers hydroponically using special infrastructure,
designed for a cost-effective production. Hydroponic techniques bring the
necessary amount of nutrients through the water and not directly from the
soil; helping the environment and preventing excessive use of fertilizers.
Its business model is based on acquiring low cost marginal underdeveloped
land where high poverty rates are common. Once the land is acquired, they
sell hectares to investors as a franchise, which in return AH delivers its
expertise in the production of the habanero pepper.
The company has 100 hectares of inventory of land and has sold 40 production
units (hectares). These investors might be able to sell the land and
infrastructure to Agrocoin since the franchise model is much more hands-on
business that they anticipated. In their business model investors are required
to execute working capital, attain to the everyday business needs, and
maintain constant communication with AH.
The franchise model has important challenges, the main one to overcome is
related to the distance and time of response for determinant decision-
making. Therefore, the land is sometimes unattended, at some points low
production yields and economies of scale have not been put in place correctly.
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Agrocoin is the first cryptocurrency based on smart contracts technology and
the Blockchain to focus on the Agribusiness of the Americas.
Agrocoins business model is based on the acquisition of agricultural projects
that need capital, new technologies and accomplish economies of scale to help
their business evolve. We analyze factors like: niche markets, high demand
abroad, and distribution networks where we can use our human, technological
and economic resources to help these projects grow.
Our incubadora will act as Agrocoins capital investment fund where a
committee will analyze Agribusiness opportunities in Mexico and the Americas
and consider incorporating them to the business model. Their main role would
be to look for capital expenditure projects that comply with the investment
objectives of the fund.
Our first project deals with the habanero pepper and a company by the name
Amar Hidroponia (AH). AH has been producing the chili for the past 18 years in
the Yucatan Peninsula. This species has a high demand in the US, and the
Yucatan peninsula holds a designation of origin for the species. Its price in the
international markets is high and stable for human consumption as a fresh
vegetable. It can also be used in industrial activities such as:
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We designed a model where we allow investors to participate in the profit
sharing of producing and commercialization habanero pepper. To do this, we
divided land by hectares and m2. Each hectare or block consists of 10,000 m2
for a 1-1 ration land-coin. These blocks are referenced and segregated from each
other by the month that the plants begin their harvest. The plants cycle takes
12 months to finish its productivity and afterwards the whole process starts
again.
The first four months the plant needs to mature from germination to flowering,
afterwards the productive cycle takes place. On a weekly basis peppers are
picked, packed, sent to our warehouse for inspection and ready to sell to the
public. This process continues from the 5th month until the 12ve month where
plants are removed and replaced for a new harvest. Our payment installments
for our investors will be on the 7th, 10th and 12th month.
Our production models and experience indicate to us that we can produce
between 40,000 – 60,000 KGS of habanero pepper per hectare. Where both
scenarios will have yields of 20-30% cash return for our investors respectively.
Our current structure has been developed by a high experience blockchain and
cryptocurrency developing team. It is a Pre-Issue and Pre-mined cryptocurrency
based on blockchain technology and based on Satoshi Nakamoto’s whitepaper.
We use PoW (Proof of Work) consensus protocol as our Private Trusted Node
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Network to have a high intensity simultaneous verification system. We use a
network of trusted nodes to create our P2P network which consist of physical
servers and VPS servers around the globe.
Agrocoin is a no-reward mining coin because the nature of our project is energy
efficiency and clean equipment. The fact that we have a growth regulated
network, gives us the ability to prevent a high energy consumption network.
Agrocoin follows the Satoshi divisibility principle (10^8), which helps with
liquidity, exchange fees and payment flexibility.
The network fee retargets depending on the network saturation, transaction
amount and user-increased fees for priority transactions. To add priority to a
transaction you can add an extra fee and the Private Trusted Node Network
will automatically process your transaction first.
We will open a Payment Request Period (PRP) for one week from the moment
the yield payment starts until that week is completed. Holders of Agrocoin
need to send to our AGRO® Wallet their banking (fiat) or Bitcoin address as
well as their Agrocoins to receive payment. Holders of Agrocoin who do not
deliver this during the mentioned period will not be entitled to receive such
payments. The minimum amount of Agrocoins that can be paid is 1 AGRO®.
Agrocoin fractions cannot collect profits, E.g. you send 9.2 AGRO® to our wallet,
only 9 AGRO® will collect, and the 9.2 AGRO® will be sent back at the end of the
period.
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Agrocoin as a first step will use the proceeds from the ICO to purchase from
AH 40 hectares that are currently being managed by the franchises for a total
of around $7,000,000 USD. The remainder of the 60 hectares needed to
complete the project will be bought progressively as the demand arises.
Resources gathered from the ICO will also be used as working capital to
execute the habanero project as needed. Additionally, we will deploy capital to
strengthen our competitive advantages in the following areas:
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There has been a pledge of interest from consumers around the world that
want our products. We will deploy our resources to develop our distribution
channels to generate a more diversifies portfolio of customers that correlate
to better returns for our investors.
®
Agrocoin Incuba® will act as Agrocoins capital investment fund where a
committee will analyze Agribusiness opportunities in Mexico and in the
Americas. Its purpose is to evaluate and select capital expenditure projects
that comply with the investment objectives of our fund.
These projects will be evaluated by a committee composed of our CEO Rodrigo
Domenzain and experts on the respective fields needed.
The Agrocoin Incuba® project was created to diversify the portfolio of assets
that Agrocoin currently owns which are from the habanero pepper project. This
diversification will allow our revenue model to be more stable and have a better
yield diversification for our investors.
We will launch a contest through our website www.agrocoin.mx for
corporations and individuals to forward us their projects for evaluation into the
Agrocoins portfolio of projects. Beginning on April 17 which is the launch of our
ICO until July 2017 will serve as the evaluation process.
Our website will feature a special section where prospects will fill out a detailed
form of the projects that want to be considered for evaluation.
The selection process will be as follows:
- Registration of projects through www.agrocoin.mx
- Selection of the investment committee and pre-selection of the projects
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- Development of business plans
- Evaluations
- Announcement of the projects winners
Our plan is to have our first project evaluated by December 17, 2018 and to
launch our secondary offering of coins to finance that project capital
requirements.
The price stablished for Agrocoin is $500 mxn or ($27 USD/MXN)*. This
is twice the book value of the habanero pepper project assets.
Our Pre-ICO consisted of 60,000 Agrocoins and have been issued in 5 different
blocks pertaining to a month of the year with a time-lapse between each other
of two months. There is a lock up period of one year and we have sold 3.5 series
or 58% of the pre ICO has been funded.
AGROCOINS TOTAL VALUE
PRE-ICO 60,000 $ 30,000,000 MXN ($ 1,620,000 USD)
Our ICO will consist of the remaining of the PRE ICO and an additional 940,000
coins for a total of $1,000,000 Agrocoins as the initial funding face for Agrocoin.
The proceeds from the sale are exclusively for the habanero pepper project
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AGROCOINS TOTAL VALUE
ICO: 940,000 $470,000,000 MXN($25,380,025 USD)
*$27 USD equals ($18.5185 USD/MXN) this conversion varies daily and will be
calculated using the Official Mexican Government USD/MXN exchange rate
published by Banco de Mexico on its official webpage:
(http://:dof.gob.mx:indicadores.php)
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AGROCOINS TOTAL VALUE
ADVISOR & CAPITAL 100,000 $50,000,000 MXN (2,700,000 USD)
RAISING FEES
®
We will have 4,000,000 coins available for the incubator capital expenditure
projects in the Americas. Agrocoins will be released to the market place via our
sales department, private placement and investors and the secondary market.
The INCUBADORA investment committee will decide how many coins to
allocate to each project.
PRE-ICO 60,000
ICO 940,000
MARKET MAKING 50,000
ADVISORS & CAPITAL RAISING FEES 100,000
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Our coin can only be bought and sold directly from Agrocoin. No other
intermediary or exchange currently is entitled to sell our product. Our aim is to
position Agrocoin on reliable and liquid exchanges by the end of 2018.
Agrocoin ticker is: AGRO®
We are accepting payments in fiat through wire transfer into our bank account
and in cryptocurrency through our Ethereum and Bitcoin wallets.
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