Gric Coin Project A Solution To Food Counterfeiting?
The Gric Coin project aims to create a brand that will be a benchmark in the agricultural industry, remove imitation and food counterfeiting, bring
about transparency with the aid of blockchain, create a vehicle for people to invest on real life agriculture and earn reward on
their investments.
Food counterfeiting, a kind of food fraud involves the act of purposely altering, misrepresenting, mislabeling, substituting or tampering with any food product at any point along farm–to–table food supply chain.

Gric Coin, Putting An End To Food Fraud

How Gric Coin Project Works

The Gric Coin Project, an agricultural crypto currency and block-chain project is divided into three major parts;
1. The Farm Project: This involves the purchase of 1000 acres of land for mechanized farm and processing industry for farm produce. The farm project includes our farm, processing industry and the blockchain website that will be used for product
authentication and verification.
2. The Coin Utility Project: This involves the upgrading of our www.FarmPartner.ng project and creating of apps for the site from fund generated from the ICO. In this project, investors will visit our FarmPartner website, pick from a range of farm businesses in various part of the African continent, -each of the farm business comes with specific cost and return on investment. Investors can pick a farm of their choice and invest in it with our Gric Coin. At the end of the agreed period, the investors will be paid back their initial investment and agreed return on investment. Gric Coin
will be the only acceptable means of payment on the FarmPartner website. This will drastically increase the usage of our coin and create more demand for scarce resources.
3. Service Adoption:This involves other businesses adopting our Gric Coin project service and block chain system to create standard in their agricultural business. We strongly believe that our coin and site adoption would be done by other businesses.

How Gric Coin Project Intend To Fight Against Food Counterfeiting.

The Gric Coin farm project involves the setting up of a 1000 acres farm with a processing factory where crops will be processed and packaged. All processed and packaged items will come with its unique barcode that contained item information and company details.

Gric Coin Plantain Fufu showing unique barcode
These details will be stored on Gric Coin project blockchain site. At any point in time, consumers and other stake holders can scan this barcode on the Gric Coin blockchain site to carry out product verification and determine if the concerned item is a genie product or a counterfeited one.
The Gric Coin service adoption project is one that will allow other companies to adopt the Blockchain service and use it to stop their items been counterfeited.
ICO Details
  • Name: Gric Coin (GC)
  • Type: ERC20
  • Platform; Ethereum
  • Exchange Rate: 1 GC = 0.007 USD
  • Currency Received: ETH, BTC, LTC, ETC, XRP
  • Minimum Purchase: 2500 GC
  • Starting: November 1 (00:00 GMT)
  • End: November 31 (23; 00 GMT)
  • Soft Cap: 1,000,000 USD
  • Hard Cap: 25,000,000 USD
The cryptocurrency market
The cryptocurrency industry has been revolutionary and trailblazing in its formative years. The number of active cryptocurrencies has crossed the landmark of 2000. The total market capitalization of cryptocurrencies is above the $250 billion mark. The total value of daily transactions in the cryptocurrencies is around the $10 billion mark. The cryptocurrency market has shown a meteoric rise in the value and volume, particularly since 2016.
The biggest challenge to cryptocurrency use is the unstable nature of its prices. The cryptocurrency market saw a great increase in its market cap between 2016 and 2017. But, there have been large fluctuations in their values since December 2017. The price of Bitcoin has risen astronomically over past years with a great deal of volatility. Bitcoin prices, for instance, recently declined from $19,500 to $6,500 over a period of four months. However, the cryptocurrency markets have exhibited some sort of stability in the last couple of months. This is a positive for the new ICOs and cryptocurrencies, as well as the ICO founders and the entrepreneurs.
Goal
We have strategically set the funding goal for the crowdsale. Through our Pre-ICO and ICO, we aim to raise funds between $10,000,000 and $25,000,000 for our agricultural and farming project.


Token Allocation
70% of all coins are available for purchase during the ICO. The details of
the token allocation of Gric are as follows:
Website : https://agric.io/
White paper : https://agric.io/wp-content/uploads/2018/08/GRIC_GC_ICO.pdf
Facebook : https://www.facebook.com/griccoin/
Twitter : https://twitter.com/griccoin
Telegram : https://t.me/griccoin1
Profile link https://bitcointalk.org/index.php?action=profile;u=2010570

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WHAT IS GRIC COIN ? Gric Coin Token is created to improve agricultural practice and food production in Africa. We are creating a brand that will become a benchmark for Agriculture in Africa. This brand will integrate Blockchain to Agricultural practice. We intend to establish a 1000 acre farm / agricultural processing factory in Africa where we can plant, process, standardise and package Farm produce for final consumers. The project is divided in to the farm project and token utility project. The farm project is the 1000 acres commercial farm and processing factory. But we are incorporating a working product we have. A site where people invest in agricultural business and are paid return on their investments. Visit www.farmpartner.ng to understand how it works. Part of the fund we are raising will be used to upgrade the farm site we have and build an apps for it. When the site is ready. Members can invest on farm business with Gric Coin as it’s main method of invest. ...
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