NagriTech is an Irish agritech company producing organic fertilizers. NagriTech is not building a fancy dApp, they only decided to utilize blockchain only as a way to organize token sale as an IPO alternative.
NagriTech: About the Platform
NagriTech is an agricultural company unrelated to either blockchain or fintech, they only released a token (NagriCoin) to represent the company’s revenue and potential.
Investors therefore have a blockchain asset that is tied to a real-world business which is a rare strategy at this stage of blockchain technology business.
The company developed a plant nutrient formula that stimulates the plant growth and at the same time lowers the levels of harmful elements in soil.
The target market for NagriTech’s proprietary plant nutrient are agricultural countries in Africa and other emerging markets. The research and thorough testing went on for 7 years and costed 5 MM USD.
At this point, NagriTech is a startup that is not yet profitable.
NagriTech: Token Promotion & Results
Nagricoin / $NGR is the name of the token created on behalf of NagriTech. The token is backed by the revenue of NagriTech.
NagriCoin was first heard of thanks to its crypto airdrop for Telegram join starting March and ending May 2018. It had a successful initial token sale (ITO) that ran until September 1st 2018.
NagriTech runs a Twitter account @NagriInfo that raked up over 9K followers mainly through the airdrop campaign that started in second half of March 2018:
There has not been much change with the successful end of the ITO:
The official Telegram chat, which was the gateway to the airdrop in spring 2018, has over 15K users. The airdrop had a condition that dropped tokens will not be granted unless the users remains in the chat until the end of the token sale.
The Business Intelligence for NagriTech
NagriCoin is a token of NagriTech International Distributors Limited, company based at address Gateway House, 133 Capel Street, Dublin, IE. NagriTech was founded on 21st September 2017.
The company’s directors are Ievgen Kozarenko and Samuel Horner.
- LinkedIn: linkedin.com/company/nagritech-international-distributors-ltd
- Homepage: nagricoin.io
Investing in NagriTech
NagriTech had a successful initial token sale until the start of September 2018. The token representing the company (NagriCoin), will be traded on free markets with the requirements of KYC/AML.
After the ITO ended in September 2018, NagriTech announced an agreement for listing on a centralized exchange in October 2018 and listing on several decentralized exchanges “much sooner”.
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