The Agbatoken project is an initiative from Nigeria that’s all about using blockchain technology to shake up agriculture, particularly for smallholder farmers. At its core, it aims to tackle food inflation and boost food security by creating a system where people can invest in farming through cryptocurrency. Think of it as a way to crowdfund agricultural projects—poultry, agro-tourism, and more—using digital tokens, with the promise of both feeding the world and offering financial returns.
They’re pushing the idea that tech-driven investments can transform rural farming, making it more productive and sustainable. The vision is ambitious: turn Nigeria into a blockchain-powered breadbasket, with farmers staking crypto to fund their work. It’s not just about profit—though that’s a big hook—but also about addressing urgent issues like rising food costs and economic growth in the agricultural sector. Their slogan ties it to a broader goal, calling for a “food productivity decade” under Nigeria’s current leadership.
Agbatoken History
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applied to the Avalanche DeFi QF 2 weeks ago which was rejected