Hashkey Grant Application

[Nicotrades]

Grant Type

Session 1

Email

nicotrades76@gmail.com

Telegram

@NicoAgrit

X/Twitter Handle

@MarioWeedMeme

Discord/Community

https://discord.gg/F7CUtN25

Previous Application

N/A

Code Audit

No

Project Information

1. Project Description and Objectives:

Agritoken is an innovative blockchain project aimed at transforming the agricultural industry by making it more sustainable and accessible through decentralized financing. The project provides a decentralized agricultural HUB that connects crypto investors with agricultural producers seeking funds to innovate and implement sustainable farming practices. The long-term objective is to support agricultural projects with a positive environmental impact while offering attractive returns to users through NFTs and Vaults.

In addition, Agritoken has received strong backing from the French government, specifically the Ministry of Digital Economy and the Ministry of Research. Although these ministries are unable to provide direct financial support at this time due to existing regulations on cryptocurrency funding, they have expressed their full support for the project and its goals. Their commitment to our initiative will come into effect once the project is launched, providing invaluable visibility and credibility.

2. Success Potential:

Agritoken has a strong success potential due to several key factors:

Market Demand: The agricultural sector is a vital industry where the need for funding to innovate and implement sustainable practices is increasing. By combining decentralized finance (DeFi) with agriculture, Agritoken targets a global market with significant demand for sustainable solutions.
Technical Feasibility: The project is currently under development on the Binance Smart Chain (BSC) to ensure fast, low-cost, and secure transactions. The smart contract and NFT features are robust, with security audits in place.
Team Capability: The team consists of experts in blockchain, web development, agronomy, and marketing, providing a comprehensive skill set to drive the project's success.
Each team member is committed to advancing the project through strategic partnerships and continuous development.

3. Mission Alignment:

Agritoken aligns perfectly with HashKey’s goals by developing an innovative blockchain solution that contributes to the global adoption of Web3 in a traditional sector like agriculture. The project aims to grow the Web3 ecosystem by connecting investors with agricultural entrepreneurs while adhering to high ethical standards in sustainable agriculture, in line with HashKey’s values of supporting impactful and globally scalable solutions.

4. Innovation:

Agritoken stands out by integrating decentralized finance into the agricultural sector, a domain traditionally underfunded by modern solutions. Users can invest in agricultural projects through NFTs representing shares of real agricultural businesses. This allows crypto investors to have a tangible impact in the physical world while obtaining financial returns. Additionally, the use of Vaults secures investments while generating dividends for users.

5. Is it open source?

Agritoken is partially open source, with plans to open certain parts of the code in the future, such as the staking and dividend distribution smart contracts. This will allow the community to contribute to improving the project's security and transparency.

6. Free or Fee-Based for End Users?

Agritoken’s economic model is primarily fee-based. Investors will need to purchase NFTs and deposit tokens into Vaults to participate in agricultural projects. However, access to certain educational and informative features will be free to raise awareness among farmers and investors about how blockchain works.

7. Interoperability with HashKey Ecosystem:

Agritoken could seamlessly integrate into the HashKey ecosystem by leveraging HashKey’s extensive experience in financing Web3 projects. We envision collaborating with other projects incubated by HashKey, particularly those focused on DeFi infrastructure and digital asset management. Interoperability between Agritoken and other DeFi platforms could open new opportunities to strengthen the project's impact.

You can find our Greenpaper just here:
6.0 Greenpaper AGRITOKEN.pdf

Market Analysis

1. Competitors & Differentiations

Agritoken operates in a niche market at the intersection of decentralized finance (DeFi) and agriculture, making direct competition relatively limited. However, the main competitors include platforms focused on agricultural financing, such as AgFunder or FarmaTrust, as well as more general DeFi platforms like Yield Guild Games that offer tokenized assets.

What sets Agritoken apart is its specific focus on sustainable agriculture through the use of NFTs and Vaults. While other platforms may provide tokenized assets or agricultural investments, Agritoken integrates the real-world impact by allowing investors to directly support projects aimed at improving sustainability in agriculture. Additionally, Agritoken’s emphasis on long-term partnerships with farmers and its dual token-economy model create a unique and innovative solution for both investors and agricultural producers.

2. Current User Base and Estimated Method

Currently, Agritoken is in its early stages of development and user acquisition. Our target audience includes both agricultural producers seeking funding and crypto investors looking for sustainable projects to support. To estimate the potential user base, we are focusing on the growing interest in DeFi solutions and the increasing awareness of sustainable investments.

Crypto Investors: We estimate that a portion of the over 300 million global crypto users could be interested in sustainable projects. Based on the current engagement in NFT and DeFi platforms, we project that 1-2% of active crypto investors could be early adopters of Agritoken.
Agricultural Producers: Our focus is also on farmers looking to implement sustainable practices, particularly those already exploring alternative financing solutions. By collaborating with agricultural organizations, we aim to onboard 5-10% of the innovative farming community within the first year.

Agritoken’s community-building efforts, partnerships with agricultural networks, and its educational approach to both blockchain and sustainable agriculture will drive user acquisition. Additionally, we plan to leverage social media, blockchain communities, and strategic partnerships to grow the user base over time.

Recipient Address

0x66842d868Fa99D8035166581a73BCf92f3BEFDaB

Budget and Plan

1. Grant Size and Justification

We are requesting a grant of $500,000 to support the development and expansion of Agritoken. This funding will be allocated towards smart contract development, security audits, marketing, and the onboarding of agricultural producers onto our platform. The amount requested will allow us to cover operational costs, such as legal compliance, developer salaries, and partnership establishment with farming communities. The goal is to ensure a seamless user experience and robust platform for our early adopters, while scaling the project.

2. Project Execution Plan (Roadmap)

Our project execution plan is structured into four major phases over the next 12 months:

Phase 1 (Q1 2025): Finalize smart contract development, conduct audits, and launch the beta version of the platform. Begin marketing campaigns targeting crypto investors and initial agricultural projects.
Phase 2 (Q2 2025): Expand platform functionalities, including Vault creation for agricultural funding and integration of NFTs representing real-world agricultural assets. Start onboarding farmers and collaborating with agricultural associations.
Phase 3 (Q3 2025): Enhance platform scalability, launch token staking features, and increase community engagement through AMAs and educational events. Establish key partnerships with DeFi protocols.
Phase 4 (Q4 2025): Full platform release with open-source features, along with continuous security improvements. Launch international marketing campaigns and expand user base across multiple regions, focusing on both investors and producers.

3. Token Distribution (Percentages and Initiatives)

Agritoken will utilize a dual-token economy, consisting of AGT (utility token) and AGNFT (NFT-based tokens representing agricultural assets). The distribution plan is as follows:

30% for platform development and smart contracts.
20% allocated to staking rewards for early adopters.
15% for marketing and partnership incentives to onboard farmers.
10% reserved for future platform upgrades and security audits.
15% for team compensation and operational costs.
10% for reserve and emergency fund to ensure the project's long-term sustainability.

4. Token Distribution Timeline (First 12 months)

Tokens will be distributed according to the following timeline:

Q1 2025: Initial token sale for early investors and strategic partners.
Q2 2025: Launch staking features and distribute staking rewards in AGT tokens.
Q3 2025: Issue AGNFTs to agricultural producers participating in early projects, allowing users to invest in real-world agricultural initiatives.
Q4 2025: Open public sale and distribute tokens to the broader crypto community.

5. Post-Incentives Sustainability

Agritoken’s sustainability beyond the incentive phase will be ensured by its transaction-based fee model. The platform will charge a small fee for each NFT sale and staking reward distribution, ensuring a steady revenue stream. Additionally, long-term partnerships with agricultural producers and DeFi platforms will help create a growing ecosystem where investors continuously fund new sustainable agricultural projects.

6. Additional Accountability Info (Smart Contract Addresses, Wallet Addresses, etc.)

To maintain transparency and accountability, Agritoken will publish the following:

Smart Contract Address: Our smart contract have been deployed for testnet on the Binance Smart Chain (BSC) and will undergo third-party audits. The final contract address will be on green Blockchain & provided post-audit.
Wallet Address: A multisignature wallet will be used to manage funds, with addresses publicly shared on the platform for full transparency. All wallet activities will be recorded on-chain, with audit logs available to the community.
Security Audits: We will partner with reputable blockchain audit firms such as CertiK or Quantstamp to verify the security of our contracts and provide the audit reports publicly.

Hashkey Relationship

1. Problem Solved for HashKey

Agritoken addresses a key problem for HashKey by bridging the gap between traditional agriculture and decentralized finance (DeFi). By enabling farmers and agricultural producers to tokenize their crops and assets, Agritoken democratizes access to agricultural investment and enhances financial inclusion. This aligns with HashKey's mission to support Web3 innovations that leverage blockchain technology for real-world applications, particularly in sectors like agriculture that have not fully embraced blockchain's potential.

2. Value Proposition

Agritoken brings substantial value to the HashKey ecosystem by creating a new DeFi asset class—agriculture-backed NFTs and tokens. Investors in HashKey will have access to a diversified portfolio by engaging in sustainable agricultural projects, backed by tangible assets. Furthermore, Agritoken’s unique model empowers farmers to gain funding while allowing investors to reap rewards from agricultural yields, creating a win-win situation and providing value to HashKey by attracting both agricultural stakeholders and crypto investors.

3. Growth Potential for HashKey

The potential growth for HashKey through its involvement with Agritoken is immense. Agriculture is a $5 trillion industry globally, with vast untapped potential for tokenization. By integrating Agritoken into the HashKey ecosystem, HashKey can establish itself as a leader in the Agriculture + Blockchain sector. Furthermore, the scalability of the Agritoken platform will bring in not just individual investors but also large institutional investors and sustainability-focused funds, driving significant volume and usage of the HashKey blockchain.

4. Commitment to Submit on HashKey

Agritoken is committed to deploying its platform exclusively on the HashKey chain, ensuring that all smart contracts, NFT issuances, and token transactions take place within the HashKey ecosystem. Our team is dedicated to leveraging HashKey’s infrastructure for scalability and security, and we are prepared to submit regular updates, audits, and performance reports to the HashKey team to ensure ongoing alignment with HashKey’s goals.

5. Deployment Status

The development of Agritoken is currently at the late beta stage, with smart contracts finalized and under audit. We are preparing for an initial deployment of our token and NFT contracts in Q1 2025, with a full platform launch targeted for Q2 2025. Early onboarding of farmers and agricultural projects has already begun, and we anticipate deploying our platform on HashKey by the end of Q1 2025, following successful security audits.

Milestones

Milestones and Roadmap:
Agritoken has laid out a phased roadmap:

Phase 1: Idea formation, pre-financing, document creation, airdrop, social media, and testnet development.
Phase 2: NFT Genesis sale, company formation, legal consultations, website launch, and partnerships.
Phase 3-5: Larger investments in agricultural projects, creation of staking/lending platforms, listing on exchanges, and continuous agricultural company investment.

Terms Confirmation

• I confirm that all information provided is true and accurate
• I understand and agree to comply with the grant policies
• I understand the KYC requirements
• I confirm token distribution complies with legal requirements