RWA Marketplace AgriDex Launches $AGRI Token to Decentralise and Transform the Agricultural Industry
London, UK, December 4th, 2024, Chainwire
AgriDex, a Solana-based real-world assets (RWA) marketplace and the winner of Stand With Crypto UK’s ‘Best Use Case’ Awards, is launching its highly anticipated $AGRI token. With a total supply of 1 billion tokens priced at $0.065 each, AGRI is now available on leading exchanges, including Gate.io, MEXC Global, CUBE, and VALR.
The AGRI token is the backbone of the AgriDex platform, offering governance rights through a Decentralised Autonomous Organization (DAO), trading fee payments, liquidity rewards, and participation incentives. It is also designed to support environmental and social projects through future staking reward initiatives, aligning with AgriDex’s commitment to sustainability.
The project is supported by a vast network of strategic partners, including the Solana Foundation, Circle, Bridge, Jupiter, and Bastion, alongside key ecosystem collaborators such as Imperial Shipping Group, Parrogate, Cross Country, Future Farm, Dadtco, Oldenburg Vineyards, Demeter Ghana LTD, Esco, and Solar Energy Projects.
“Today marks a significant milestone in our mission to democratise and decentralise global agricultural trade,” said Henry Duckworth, co-founder and CEO of AgriDex. “$AGRI ensures that farmers and traders worldwide benefit from fair prices, secure transactions, and sustainability-driven rewards. It also drives the efficiency and inclusivity of our platform. ”
AgriDex is poised to disrupt traditional agricultural trade systems, creating a new era of efficiency and fairness in the global food supply chain. As illustrated in the graph below, the project is expected to generate $133 million in profit by the end of 2028. The AgriDex Token is launching at a valuation of $65 million and anticipates generating $53.28 million in trading fees by the end of 2026, supported by an expected net buy pressure of $39.2 million within two years.
Source: AgriDex
In its first on-chain private transaction, AgriDex facilitated the shipment of over two hundred bottles of extra virgin olive oil and multiple cases of wine from a farm and vineyards in South Africa to London. The wine arrived at its destination in July, and the olive oil a few days later, completing the first-ever agricultural trade on Solana.
AgriDex settled the transactions almost instantly, charging only 0.15% to each side of the trade. This contrasts sharply with traditional systems, where fees can be several percentage points per trade.
“We settled the first-ever trade on a public blockchain, and it is now on its way from South Africa to London. The funds came into our AgriDex account in seconds rather than days, and the fee was £5. We look forward to continuing our partnership and bringing more of our stock on-chain. This will help us to reduce transaction and remittance costs, as well as the time it takes to receive payments,” said Adrian Vanderspuy, owner and CEO of Oldenburg Vineyards
The platform also made history this week by facilitating the buy of the world’s first live bull from Aurox Meats. The transaction was seamlessly executed through the AgriDex platform and recorded on the Solana blockchain. The bull comes from Gatcombe Park, the Princess Royal’s herd.
About AgriDex
AgriDex is a leading RWA marketplace on Solana leveraging blockchain technology to transform the global agricultural industry. By facilitating more efficient trade, reducing transaction costs, and improving supply chain transparency, AgriDex commits to empowering farmers and enhancing global food security.