[2017-10-28] Agriculture Getting an ICO Upgrade to Boost Production in Russia

[Diced90]

Many ICOs have cropped up to help small startups fund new and innovative ideas, however, a Russian-based agricultural company, Khokholskaya Agricultural Company, is looking to utilize the revolutionary Blockchain technology to help fund a much needed diary farm.

Traditional funding from banks requires a level of collateral, however, land alone is not good enough. This has prompted a look at alternative funding methods with the established Khokholskaya company looking to release an ICO called MilkCoin.

The demand for food production and dairy in Russia is high, however, it is difficult to set up such operations without funding, and as such, the team at MilkCoin believe they have a modern solution.

Decentralized direct investment
The demand and need for agriculture and farming in Russia is extremely high, and is inline with an ideology of a national priority project for agricultural production, and is of particular importance both for the region and for the whole country.

To this end, MilkCoin is looking to incentivise investors in what it believes will be a profitable enterprise for both the company and investors. By offering a direct and decentralized opportunity to invest, MilkCoin is allowing investors much more control and insight.

MilkCoin believe that they will be able to fund their dairy farm with funds received through the ICO, as well as help with the Russian demand for foodstuffs after a shortage through the entire year.

Additionally, as an investment model, MilkCoin believes the coming together of this high in demand government back business, with a popular funding tool like an ICO, can return dividends of up to 70 percent.

Construction of a commercial dairy farm
Khokholskaya Agricultural Company claim to be the largest real-business enterprise to conduct an ICO, and have some credentials to back that up. They’ve been in operation since 2009 and already have invested over $10 mln into the project over the past few years.

The project launched by MilkCoin is to meet the target of building a fully-fledged commercial dairy farm in the Voronezh region of Russia. They already have the land - 3,500 hectares of it - and are looking to add machinery, reconstruct the feed elevators, as well as build the animal feed mills, and then bring in the dairy cows.

Transparency
In staying with the transparent nature of Blockchain, MilkCoin have provided potential investors with an open blueprint of their plan, as well as documents and up to date regulations for the running of this business.

The initiator for their ICO is a European company that is based in Liechtenstein, and for that reason they believe there is added legitimacy as the investments become reliable and secure.

The early indications from MilkCoin are that the annual dividends can reach 70 percent as well as quarterly three percent pay outs. MilkCoin are also predicting the token buyback might reach up to $1.20.

source: https://cointelegraph.com/news/agriculture-getting-an-ico-upgrade-to-boost-production-in-russia

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[peter0425]

I really hope that this ICO can really boost agriculture farming in Russia and not just another scam ICO project. Russia has been contradicting its statement lately, so again this can impact ICO raising funds for a good cause specially there. I don't know if this is the first time about an ICO targeting agriculture of farming though, because I'm sure I have cross path with similar ICO but I can't remember if is in Russia or other places. Again, wish them the best because they really have a good cause and I'm sure more farmers will benefit from this kind of ICO. Goodluck to them.

[zby]

That's a good name! They'll milk all the dumb 'investors'.

[Lancusters]

Lol! 3% per month income. This is the best scenario. I do not see prospects. The Russians have no money to buy quality products. Meat and dairy products has a very limited implementation period. Russian national trait, it is theft. I'm sure that this project will have large losses. It seems to me more profitable to invest in the cryptocurrency. It would be easier and more profitable.

[buwaytress]

It is funny how language can play a role in how people view things. Milk, like bread, have humble beginnings and mean different things to different people. Not to be confused with an earlier Milkcoin (let's not go there, haha), this particular project fits the out-of-the-norm profile when it comes to ICO projects. No fancy blockchain innovation. No claims of being the first mover in some industry. Just a fairly simple justification to raise funds.

Surprised to see them put up their legal documentation for everyone to view, though. Few companies are as transparent. Too bad they're in Russian.

[senin]

This is a realistic project that allows direct financing of agricultural production in the Voronezh region of the Russian Federation based on sober economic calculations, a solid material meringue of 3,500 hectares of land, a developed infrastructure for the collection and processing of agricultural products, and 😕 allowing a new way to reorganize this traditional branch of the economy based on advanced innovative technologies. I hope that this campaign will end successfully and reach its noble goal and therefore joined it as a signature campaign.

[BillyTalent]

This is a realistic project that allows direct financing of agricultural production in the Voronezh region of the Russian Federation based on sober economic calculations, a solid material meringue of 3,500 hectares of land, a developed infrastructure for the collection and processing of agricultural products, and 😕 allowing a new way to reorganize this traditional branch of the economy based on advanced innovative technologies. I hope that this campaign will end successfully and reach its noble goal and therefore joined it as a signature campaign.

This is a great way to support this industry. But I'm not sure that in Russia such a campaign will be successful. Too few people know about crypto currency. This is more fraudulent

[8270thNinja]

They already accepted ICOs? I thought they will take time to create laws and policies regarding to the regulation of ICOs?. Well, If this ICO ill really help to boost the Agriculture then Let's support this ICO.

[Irvinn]

Is it possible to consider such an event as the conduct of an ICO, that is, the offering of initial coins, if in the course of it no tokens are produced at all? This is something like the usual fundraising for the purpose of investing in agriculture in one of the regions of Russia. Or am I wrong?

[Karakyli]

Investing in Russia's agriculture is a necessary and probably profitable business. However, how does this fundraising relate to the issue of the original coins, if such coins are not created during its holding? I also do not understand how, in this case, the initiators of its conduct pay off with investors, especially when I wonder what stage it is at. After all, when carrying out an ordinary ICO with investors, they immediately pay the coin created in the course of it.

[iamTom123]

Agriculture is one of the biggest businesses there can be in the face of the planet and using the blockchain to upgrade it and make it more robust can be a good cause. In the recent decades and years, agriculture has not been improving that much compared to other industries and some investors can be shying away from something which became less profitable. It is time to change this situation for the better since agriculture is the very reason why we have foods and water in our table.

Now, there seems to be an emerging trend in Russia right now to launch different type of ICO projects. And the government should be listening to this trend. Putin and his men should recognize the hard work, dedication and brilliance of his fellow Russians who are now venturing into the world of cryptocurrency and blockchain development.

This MilkCoin is just an example of the many ways that blockchain and funding via ICO can transform a traditional business to make it more efficient and financially pulsating. Good luck to the project and the people behind it.

[D2R2]

Putin gave permit to legalize Crypto in Russia 2018

[Coffee135]

Putin gave permit to legalize Crypto in Russia 2018

I wonder all the Russians have a slave mentality? Putin gave permission! Lol!!! Let not allow. That this will change. If a person earns $ 1,000 per month through bitcoin. You will stop the ban on Putin. You agree to work for $ 200? And will vote for him in 2018? It's even funny that there are such people. Why do you bitcoin? Cryptocurrency is freedom. Why the slaves freedom?

[xFiber]

This is pretty interesting, regardless if it's legit or not, because this ico is a little bit different from other ico's. Allowing investors to directly invest into the business through an ico is pretty clever. Normally you would be
solely investing in a concept of a business model. It's not something I would invest in but it would certainly be a great investment for Russian crypto enthousiasts.