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Grain Token: Regenerative Coin backed by Real Economy

Rural farming populations in developing nations are faced with a unique set of challenges that often lead to abject poverty. In many cases, these farmers do not have access to the same level of technology, resources, or financial opportunities as their urban counterparts. What’s more, the supply chain of the agricultural industry is often filled with a long line of third parties from large corporations who control the margins, leaving small farmers at a disadvantage. This lack of choices often keeps rural farmers trapped in a cycle of poverty that is difficult to break out of.

Meanwhile, blockchain technology has already disrupted most of the finance industry and is on track to revolutionize many other industries. Without a doubt, the agricultural sector is next in line. Given that agriculture is responsible for feeding the world, using the revolutionary power of blockchain technology could have a huge impact, especially for rural farmers in developing nations.

For this reason, Grain Token is seeking to build an ecosystem that leverages blockchain technology in agriculture to give rise to a decentralized economy backed by real-world assets and value and not just another digital currency promising unsustainable returns.

What is Grain Token?

At its core, Grain Token is a decentralized solution to economic empowerment for the masses. Built by Lumbung.io, Grain Token is the utility token to the GRAIN Project- a DAO (decentralized autonomous organization) business with 3 core products.

With a vision to empower people to achieve a better life with financial security and prosperity, Grain Token is looking to fuel a democratized economic model where the profits earned throughout the ecosystem are distributed among the stakeholders and investors.

The project consists of a marketplace called X2Earn Marketplace, where farmers can list their products for sale. Skilled and unskilled laborers can also use the marketplace to list their services for hire. There is also an administrative aspect to the project called XDAO, which runs the day-to-day business operations of the project while outsourcing inventory and staff from the platform’s marketplace. From accounting and finance to marketing and sales, everything will be handled by the XDAO.

Next is the iNFT Harbour which is a crowdsourced investment platform where users can pool their resources together to fund various establishments that are popping up within the GRAIN ecosystem. The iNFT of a business is more like shares of a business represented in the form of NFTs (non-fungible tokens), which can be bought during the creation of the business or traded afterwards on the marketplace. This allows locals to have a stake in a real tangible asset with the potential to grow even larger while being protected from the automated profit-sharing clauses built into the iNFT Agent.

To top it all off, there is the GRAIN token which is the primary medium for transactions on the platform and offers equity-like investment opportunities in the growth of the GRAIN ecosystem.

How GRAIN is Benefiting Farmers in Indonesia

The key to the success of Grain Token lies in its dual token model that consists of the Grain token as well as stable currencies such as Indonesia‚Äôs national currency as well as the national currencies of other countries. This ensures that the Grain token’s value is backed by the real-world cash flow throughout the ecosystem and the individual retail businesses that are managed by the DAO.

Therefore, Grain Token’s supply only expands when constituent businesses are formed, thus ensuring that the value of each token is always backed by recurring cash flow from real-life business operations.

This system is beneficial to farmers because they not only get a level playing field for listing their products on the marketplace without having to worry about the fluctuating value of cryptocurrency but also get to act as investors in the growing local economy.

The Grain token also features a tax rate for all market transactions that are set to incentivize token holders. While this tax is levied platform-wide, economic participants who actively use the platform get reduced rates. In addition, they also get a share of the profits generated by the businesses that are funded by the iNFT Harbour.

Grain Token also features an inbuilt initial burn of 1% of its supply not to mention micro burns on every transaction, which is a deflationary measure that will surely help in long-term price discovery. Grain token’s burn feature will be turned off temporarily or permanently based on the token’s deflationary characteristics.

Conclusion: Grain Token’s Regenerative Economy

At its core, the GRAIN project is working to capture value from the real world and translate it into value stored on the blockchain. This decentralized approach to building an inclusive economy for the agricultural industry is set to help farmers in Indonesia as well as other countries in Southeast Asia and the world. Already, farmers in Indonesia earn little due to the extensive network of middlemen involved in the supply chain. With the GRAIN project, these farmers are set to benefit immensely from a first of its kind decentralized and regenerative economy on the blockchain.

The project is still in its early stages, but with the rapid adoption of decentralized finance in the region, it won’t be long before the GRAIN token’s market projections of reaching about 7,000 token holders by Q3 2022, become a reality.

For more information and to participate in our project please visit https://lumbung.io or join our telegram group https://t.me/graintokenintl

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