Nagricoin (NGR) ICO Review – ICO Token News
The Nagri project provides an opportunity to invest in Nagricoin’s tokens, (a crypto currency), issued to finance the development of a global market agricultural sector project (Initial Token Offering). Nagricoin investors will be able to buy tokens at a significant discount, (see ITO section), which will enable them to fix the spread as soon as the tokens sale is initiated. The key advantage of Nagricoin is that it is one of the few ITOs in the real sector of the economy. The basic asset of this ICO token is the Nagri product, which has been in development for more than 7 years. Nagri is the newest organic composite formulation of microelements and antioxidants that stimulates plant growth. One can find it’s broadest application in the agricultural sector and plant cultivation around the world to increase yields and improve the quality of almost all crops.
The Nagri project is currently managed by highly qualified specialists with experience ranging from 15 to 30 years in agriculture, international sales, management consulting, investment banking and blockchain technologies. Representatives in a few countries, including Brazil, Italy, the Russian Federation and Ukraine, coordinate their work with partners to promote the product to consumers in local markets. Local market teams include specialists with more than 20 years of experience who have developed network of personal contacts in the industry. Initial target countries to market Nargi product are the ones with advanced farming technologies and those leading in the production of agricultural products as they tend to have high utilization of fertilizers and plant protection products used.
Some cases of Nagri usage
Field tests in Brazil – Over several years, field tests were conducted in Brazil on soybean, maize, banana, melons, orange groves, and various vegetables. Tests were conducted directly by the State Laboratory of Brazil Eparn (State Government of Rio Grande do Norte), the results and conclusions were published in http:// www.emparn.rn.gov.br/. The use of the product on maize seeds, yielded significant positive results: increase in plant length by 15 cm and increase in total yield by 43%, compared to control grown under the same conditions.
Treatment of trees – Nagri performed well in the treatment and rescuing of larger plants. That included historically significant 700-year-old Zaporizhzhia oak, a symbol of the Khortytsia Island. At the request of Zaporizhzhia regional council, we were asked to revive this historic tree. There have been many previous attempts to save and give a new life to this tree. Only Nagri helped. The Zaporizhzhia oak to let out new shoots from its roots as well as on a single live branch. Another positive shift was that the partially dead wood begin to revive thanks to droppers with a special solution, which we installed on the mighty giant.
Ripening – The test was conducted in the largest farm in the south of the Voronezh Oblast, the Russian Federation, during an abnormally dry year. During the active ripening season, (April-July), only 61.5 mm of precipitation occurred – 33% of the average rate. Our product, was used to relieve plant stress during the drought. Performed very well — the gain exceeded 50% compared to the control group of crops. The control yield was 15 decitonnes per hectare versus 22 decitonnes per hectare for either: lots – if it’s land; or plants treated with our product. This is confusing and unnecessary.
Application of Nagri in white cabbage cultivation – After treating the Aggressor cabbage variety, we not only received a 25% increase in yield, but also reduced (by 75%) nitrate levels by two thirds compared to the control group of crops. This shows that our product not only helps to reduce the content of harmful substances but it improves the taste of food crops treated with Nagri; further, it proved to be environmentally safe.
Based on the results of statistical research and expert opinions, Brazil and the European Union were chosen for the first stage of the project. They are among ten largest markets by agricultural land area, agricultural production and fertilizer consumption. At the same time, according to forecasts, Brazil has the largest potential in the world in terms of adding new cultivated agricultural land. According to forecasts, by the end of 2017 the microfertilizers market will reach 5.83 billion USD, and by 2022 — 8.81 billion USD with average annual growth of 8.6%. According to estimates, the market capacity will reach 1,681,100 tonnes by 2022. This is mentioned in the study provided by the MarketsandMarkets agency, according to agropages.com data.
Business plan and financial forecast
According to the Nagri business target development scenario, in order to implement the first stage of the project in 2018, it is planned to purchase and install two filling lines with a capacity of 8-12 million litres per year, as well as an antioxidants production line in Brazil. The same equipment will be installed in Bulgaria. The total investment in equipment, its launch and commissioning, as well as staff training in two countries, will come to approximately 5.7 million USD. The operating costs for raw materials, personnel salaries, marketing and promotion of the product and a number of other transaction costs, are estimated at 14 million USD. Operational revenues for 2018 are not expected, as during this year only marketing events will be held with product batches distributed to potential customers free of charge for field testing.
ITO and Pre-ITO
NagriTech International Distributors LLP, which is based in Ireland, plans to raise between 500,000 and 2,000,000 USD in a pre-ITO round of funding, and 20,000,000 USD during the ITO round. A total of 11,788,617 ERC20 service crypto tokens will be issued at a price of 3 USD per token. The ICO countdown has already begun for this token.
- EVGENIY KOZARENKOCEO
Project manager, 10 years of experience in agriculture. Promoted and conducted field tests for Nagri in Ukraine. Expert in hydroponics equipment.
- ANDREY SAMOLYOTOVСo-founder
More than 10 years of experience in business development, marketing strategies, project management.
- VITALIY SMIRNOVHead of research and development
Doctor of Biological Sciences, area of expertise — genetics; 30 years of experience in development of innovative technologies in selection and cultivation. 10 patents for inventions.
- TYGRAN ARAKELIANFinancial planning and strategy
Co-owner of BIRMA WOOD LTD, Owner and General manager of VRTK HOLD LTD, Director and Owner of UNIVERSAL ADVERTISING GROUP LTD (a startup, which for 2 years reached a turnover of 2 million dollars).
- CLEITON ALVESDirector of product management
Director Brazilian Operations at Sagros Group (agribusiness and trading in South America). Works in crop protection and fertilizer supplies.
- STEFANO MARZOCCHIHead of Nagritech in EU
Promoter and Managing Partner of the Advanced Genetics Project in Europe , Africa, Middle East and Russia; took part in such projects as Power Plant 300 MW, WorldGrow International Project in Europe, Africa and Middle East, SubSea Oil and Gas Wellhead, and many more.
- CYNTHIA NARA OLIVEIRAСhief administrator
CEO & Founder in Sympol Biotechnologies. Many years of experience in running a corporate business or organization. Experience in executives devise strategies and formulation of policies to ensure that the goals and objectives of the company are met.
- MAKSIM URAKINPR, Marketing and Advertizing
Dun & Bradstreet project director in Ukraine, project management, marketing, PR issues. Interfax-Ukraine Sales and Marketing Director and Commercial Director.
- LILIIA SHEVTSOVAITO Communication Manager
Has more than 10 years of experience in large-scale transaction projects in global business and experience in ICO projects as team member and advisor.
- KATERYNA BOLSHAKOVACommunications Manager
Promoter of Nagri on social networks; responsible for day-to-day management and communication with the members of Nagricoin community.
- VALENTINA SMIRNOVAResearch and development
PhD in biological sciences, area of expertise — genetics. 30 years of experience as a research assistant, senior researcher and head of the laboratory.
Inception of Nagri-HL scientfic development by Vitaliy Smirnov, Professor of Biology (Moscow, Russia). Private investments. Field testing in different countries and different climate zones. Product improvement, market research and business strategy development.
FIRST COMMERCIAL TRIALS
Obtaining certficates and permits from government agencies to sell Nagri to farming companies in Brazil and Italy.
- 32018 Q1~2
- 42018 Q3~4
Start of production in South America and Europe. Delivery of trial batches of Nagri-HL to potential customers for field testing.
Start of active sales in South America and Europe. Expansion into other key markets, obtaining permits.