Grains: The new digital gold on Polkadot!

Agrotoken — a leader in RWA — joined forces with Polkadot to leverage the tokenization of grains.

Agrotoken Background

Agrotoken converts grains into a digital asset, to be stored or exchanged for inputs, services, and other goods. It enables commercial and financial transactions with direct support from tokens backed by grains — Their value is tied to the prices of soybeans, corn, and wheat.

• $105 million worth of grains
• 124,352 tonnes of soy
• 94,423 tonnes of corn
• 13,818 tonnes of wheat

They are building a refreshed ecosystem that enables transactions with agricultural commodities in a straightforward, secure, and cost-efficient method.

• Exchange for seeds, vehicles, machinery, fuel, services
• Collateral for loans
• Transacting with Agrotoken-backed Visa credit or debit cards

Institutional partners already accept the use of agrotokens as a form of payment, allowing the conversion of grains into digital assets to be utilized in the consumption of goods: John Deere, Visa, Iveco, and others.

The agricultural power of South America is one of the leading ones in the world.

Brazil: The estimate for grain production in the 22/23 harvest is 320.1M tons, an increase of 17.4%, representing a volume of 47.4M tons more than the harvested vol in the previous cycle.

Argentina: The country’s soybean harvest for 2023/2024 is estimated at 50 million tons, the highest level in the last five years.

Agrotoken believes in a multichain future and, therefore, is present on various blockchains such as Ethereum, Polygon, Algorand, and will soon become a parachain of Polkadot.

Why Polkadot?

The project aspires to become a worldwide infrastructure for the tokenization of agricultural assets, allowing corporate partners to transition their current technologies into a more traceable, secure, and auditable system. They believe Polkadot is the right place to make it.

Agrotoken will bid for a parachain slot on the network, with support from the Substrate Builders Program. Agrotoken will develop a Layer 1 parachain that will leverage Polkadot’s interoperability, allowing developers to create innovative products in DeFi projects using the Agrotoken API.

Thanks to Polkadot’s XCM and specialized parachains, Agrotokens could eventually become part of the entire Polkadot ecosystem, leveraging the opportunities of DeFi in Acala, Bifrost, Centrifuge, Astar, and Moonbeam — and soon on Kusama (via Polkadot <> Kusama bridge).