Agridex Paves the Way for On-Chain Coffee Trades
Agridex is a Solana-based platform for real-world asset (RWA) tokenization.
The move comes as experts predict that tokenization of real-world assets could become a multitrillion-dollar industry by 2030. Agridex’s blockchain is now helping make agricultural commodity transactions cheaper, faster, and more efficient.
AgriDex is empowering small farmers to break free from the barriers of financial exclusion. 🌾💪
For too long, bankless farmers have been denied credit, unable to grow their businesses or escape the cycle of poverty—simply because they lack a ‘transaction history.’
With…
— AgriDex (@AgriDexPlatform) December 12, 2024
The move stands as a game-changer for cross-border agricultural payments, as Tiki Tonga was able to complete the transaction with just a 0.5% fee—far lower than the typical 5% to 7% fees involved in traditional cross-border agricultural trade.
Today, we’re thrilled to announce $9M+ in funding for AgriDex!
This funding will help us to bring the world’s most essential industry – Agriculture, onto the Solana blockchain.
Led by @PortalVentures , the strategic round includes Sycamore Gap, Endeavour Ventures, Hawkwood… pic.twitter.com/PazVXAbGEt
— AgriDex (@AgriDexPlatform) December 12, 2024
More About Agridex
Earn $AGRI Rewards!
Get involved in the community and claim your share of $200 in rewards. Winners announced every Wednesday.
Join our Discord for all the details.
🔗 https://t.co/dbFY31PR0E pic.twitter.com/h9UijMP46i
— AgriDex (@AgriDexPlatform) December 23, 2024
This first on-chain coffee transaction is just the beginning. Agridex’s platform offers instant settlements for a wide range of agricultural commodities, including livestock, wine, and olive oil. With $4.5 billion in pending transactions from agricultural partners, Agridex is quickly becoming a leader in this space.
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