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The Farm Token

ICO

Last updated: Jan 23, 2019

FARM token is a token modeled with the focus on growing and expanding the blockchain network by partnering with food companies that helps consumers scale and tokenize their assets.

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Overview

Project industry	Blockchain Infrastructure
Product type	Organization
Whitepaper	Open

Bounty program

What is The Farm Token

FARM token aims to become a medium-of-exchange as well as a store-of-value, with token supply to provide system usability. Instead of fixing monetary supply to an arbitrary level, FARM group aims to increase the token supply gradually in proportion to its market capitalization, to help maintain reasonable token prices by increasing supply incrementally.One FARM token will be divisible into 100 parts, to mimic the familiar concepts of dollars and cents. This will increase overall system usability, by reducing the cognitive load of dealing with very small fractions.

Details

Pre-sales: Nov 15, 2018 - Nov 29, 2018
Public sales: Feb 01, 2019 - Feb 28, 2019
Pre-sale token supply: 500,000
Token supply: 75,000,000
Soft cap: 20,000,000USD (fiat)

Legal

Country limitations: China, New Zealand, United Kingdom,

Token info

Ticker: FARMS
Type: Utility-token
Token price in USD: 1 FARMS= 1 USD
Accepted currencies: ETH
Bonus program:
Presale:
10,000 to 20,000 tokens purchased get 40% discount
5,000 to 9,999 tokens purchased get 30% discount
2,000 to 4,999 tokens purchased get 20% discount
600 to 1,999 tokens purchased get 10% discount
Main sale: 5% discount for the first 24 hours
Funds allocation:
70% - Development Fund
10% - Research & Development
7.5% - Used to incentivize future team members
7.5% - Team & Advisors
5% - Promoting sustainability, conservation of nature and endangered wild life