ATFS (AgriTech and Food Science Project), the world's first decentralized agritech project working on Ethereum blockchain and Smart contracts currently being crowdfunded. An upcoming and potentially revolutionary company with an aim at providing the ever growing world's food demand, focusing on alternate and inexhaustible methods of meeting those needs and making the process more cost efficient.
The answer they've proposed is by revolutionizing the whole agriculture industry in how we can optimize food production and fulfil the need of nutrients obtained from meat consumption through a new technique and using blockchain technology to bridge the gaps between producers and consumers and lower the transaction costs by acting as a medium.
The missions they've proposed in their crowdfunding program are-
* Smart Farm 2.0
* Disruptive Decentralized Platform
* Plant-Based Meat
Their business architecture allows the consumers to be directly redirected to producers and vice versa. The decentralised Ethereum blockchain technology makes a digital or decentralized marketplace for buying and selling of agricultural produce.
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**Smart Farm 2.0**
By combining the Information Communication Technology, and agriculture technologies that are proving to be better at tactically controlling the temperature, humidity,CO2,water for a crop cultivation facility made possible by the use of loT technology and sensors. Their aim of providing transparency and enabling real time response and 24/7/365 situation focused simulation.
The Smart Farm 2.0 spearheading the "Third Green Revolution" in agriculture by ensuring great growth environment and basing its controls and strategies on relevant big data analysis. All these features create high added value as they improve productivity, efficiency, quality throughout the entire production from distributing to consumption of any agricultural commodity. The plans are to initially establish these Smart Farms in Asia and then spread globally.
**Disruptive Decentralized Platform (DDP)**
The platform has been designed and adopted to overcome the problems of food distribution at all or various stages in the current distribution channels, by creating a new and more profitable distribution structure. This new structure would drastically eliminate complications of a very costly and multi levelled distribution structures overcome by directly connecting the producers and consumers.
The DDP is a platform that can run on apps and web. They've adopted blockchain as their payment gateway accepting Bitcoin, Ethereum and all ERC20 based altcoins and the fiat currencies.
**Plant Based Meat (First, Asia Pacific and then the rest of world)**
The ever increasing protein demands have given us alternative protein sources in the form of plant based meat as a solution to the world's impending meat shortage issue. The target consumers are hardcore meat lovers and their aim is to substitute raw meat with plant based meat with no compromise in flavours. For this to be successful they have to maintain the texture, flavour according to the Asian meat market.
Plant based meat has high profile ambassador promoting the goal it has set out to achieve like bill gates pointing out that plants have a lot of protein and amino acids in plants, but why we needed this alternative is a welcome change because high protein crops are being fed to livestock and not to people, making it an inefficient protein delivery system. For every 10 kilograms of grain fed to cattle only 1 kilogram of beef is returned. This low output isn't enough to support a growing population.
Thus, making a case for plant based meat for substituting for meat and still be a part of the culture that is so prevalent.
**ICO (initial coin offering)**
To support their entire missions ATFS project is crowdfunding by issuing "ATFS tokens" with the help of the smart contract system operated by Ethereum blockchain.
ATFS token are being distributed at 5000 per 1 ETH in order to participate during crowdfunding period. The aim of crowdfunding from12500 ETH (soft cap) to 50000 ETH(Hard cap). The crowdfunding period will be for 30 days.
**Payout structure**
The ATFS token participators may receive rewards with a limit of upto 20% distributable profit of ATFS lab to the Ethereum wallet at each fiscal year.
The minimum purchase amount is set at 0.05 ETH.
Bonus rates during the crowdfunding period is as below,
EARLY BIRD (Day 1-3): 1 ETH = 7000 tokens (+40% Bonus)
STAGE 1 (Day 4-8): 1 ETH = 6500 tokens (+30% Bonus)
STAGE 2 (Day 9-15): 1 ETH = 6000 tokens (+20% Bonus)
STAGE 3 (Day 16-22): 1 ETH = 5500 tokens (+10% Bonus)
STAGE 4 (Day 23-27): 1 ETH = 5250 tokens (+5% Bonus)
STAGE 5 (Day 28-30): 1 ETH = 5000 tokens (0%)
The use of crowdfunding is shown through this pie chart-
The ATFS project is a highly upcoming project that is aiming at the problems of future and built upon upcoming and promising technologies, the smart agriculture market is set to grow upto USD 11.23 billion by 2022 with the hindrances being the initial high investments to setup the farms ,R&D and lack of awareness among growers. The meat shortage is understood by their ambitions and their plans to tackle them, plant based meat is showing promising signs in substituting raw meat but widespread cultural acceptance is necessary for this to be successful, nonetheless this alternate protein source is a great future investment with the acceptance rates are only going to increase as the meat shortage starts getting more evident.
**Website** - https://www.atfslab.io/
**Whitepaper**-
**published by**- https://drive.google.com/file/d/0B1_5EC8xe5GHTi1aZWxER3ZhS0E/view
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