AgriDex facilitates the trading of rare White Park Bulls purchased by private buyers. orox meat-
Image of the first bull to be traded on Solana.
AgridexIt is a real world asset market (RWA) on Solana and is an award winner. stand by the prize Crypto UK’s ‘Best Use Case’Made history this week by facilitating the world’s first blockchain-based live cattle trade. orox meat- The transaction was processed smoothly through the AgriDex platform and recorded on the Solana blockchain. The cow comes from Gatcombe Park, the herd owned by Princess Royal Dinefwr Wyn. The White Park bull has a lineage that traces royal lineage. which has the most famous bloodline in the history of the breed.
“This historic transaction will not only benefit Solana but also the global livestock market. AgriDex demonstrates that blockchain can bring greater accountability to livestock trade. how Empowering farmers and suppliers At the same time maintaining animal welfare standards.”
say Henry DuckworthCo-Founder and CEO of AgriDex
Solana’s future depends on its utility.
Memecoins might be fun, but Solana needs content. While the speed of the blockchain low fees And its scalability has encouraged many memecoins to attract retailers. and drive community participation But the long-term health of an ecosystem depends on more than just momentary hype. Real World Assets (RWA) It offers transformative options and delivers sustainable growth and real-world value.
At the beginning of 2024 RWA becomes The second most profitable crypto narrativeIt provided an impressive return of 285.6% in a short period of time. in February It has even surpassed Memecoin as RWA has grown in popularity. And it is emerging as one of the main stories of the upcoming bull run.
AgriDex leverages Solana’s blockchain to revolutionize livestock trading with transparency. Efficient and fair by ensuring that every transaction is fully traceable. This platform thus reduces fraud and price manipulation in the global supply chain. Almost instant settlements come with significantly reduced fees, just 0.15% per trade. This is compared to traditional methods that usually charge several percentage fees and take 4-6 days to settle transactions.
Facilitating Successful Blockchain Trade It demonstrates AgriDex’s commitment to innovation. and reinforces AgriDex’s role as a platform driving blockchain adoption for global agricultural and livestock trade.
As shown in the graph below. The project is expected to generate profits of 133 million yen by the end of 2028.
Source: AgriDex
Revolutionizing the agricultural industry with blockchain
Scheduled to launch on December 4th.Agridex is revolutionizing the $2.3 trillion global agricultural trade industry by tokenizing the supply chain. AgriDex offers instant settlement to farmers. Significantly reduces transaction costs. and traceability prevents fraud by using blockchain and non-fungible tokens (NFT) to hold legal contracts.
AgriDex Token ($AGRI) is launching at a valuation of $65 million and is expected to generate $53.28 million in trading fees by the end of 2026, driven by net buying pressure of $39.2 million within two years.
Blockchain technology is undeniably defining a new technology paradigm. But many people jump on trends purely for profit. They often fail to solve real-world problems. However, AgriDex stands out by offering real utility. It leverages blockchain to drive meaningful impact and innovation in the agriculture sector.
For example, Food fraud costs the UK £1.96 billion. In 2021 and globally, this represents $30-40 billion in lost revenue. Food fraud is difficult to detect. Only 20% of suspected cases were reported. In the UK, of the 610 cases reported in 2021, only 16 were successfully prosecuted, or less than 4%. Traceability and certificate verification are not. good The fraud highlighted above is made possible by the opacity of crossing multiple jurisdictions using wet contracts and poor visibility of origin for consumers. Dozens of different standards and certifications ensure quality. Product origin And sustainability is a challenge.
Source: AgriDex
AgriDex solves this problem by providing a comprehensive marketplace for all participants in the supply chain. Powered by an immutable blockchain ledger. Delivering trust, transparency and accountability, the RWA platform built on Solana reduces the cost of food traded through the platform. Add options and provide transparency, reduce fraud, and verify quality, origin and sustainability credentials. It focuses on solving important problems through the trading of agricultural products and services. Including inefficiency, fraud, financial inclusion and insurance, AgriDex will create a fair and transparent financial system.
The graph below shows the significant cost and time savings that AgriDex offers.
• Cost savings: While traditional systems cost cocoa $1,125 per tonne, AgriDex lowers the price to just $660, focusing on significantly reduced trade costs. • Time efficiency: Traditionally, Such transactions would take 65 days to complete, but for AgriDex this is reduced to 40 days. This faster timeline demonstrates the efficiency of AgriDex.
Source: AgriDex
AgriDex is redefining the global agricultural trade industry by leveraging blockchain technology to create a transparent marketplace. effective and prevent fraud By reducing costs Reduce transaction time and provide a traceable record of quality, origin and sustainability. The RWA platform on Solana addresses critical inefficiencies in the $2.3 trillion agriculture sector.
As the first platform to successfully trade live cattle on Solana, AgriDex showcases the transformative potential of RWA and sets a new standard for using blockchain to solve real-world problems. Driving meaningful innovation and sustainable growth in agriculture
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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