02 January 2021

Agricnodes Network and Financial Scope

What is a Blockchain?

Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain.

What is a Cryptocurrency?

A cryptocurrency is a digital or virtual asset that is designed and secure by cryptography to work as a medium of exchange. Cryptocurrency is built on blockchain

What is Agrichainx?

Agrichainx is a Blockchain agriculture platform connecting farmers to market, finance, tools and resources. Agrichainx is built on blockchain to make agricultural operations seamless

What then are masternodes on Agrichainx?

Masternodes (MN) on the Agrichainx are called Agricnode. Agricnode is a decentralized wallet or account containing a locked amount of Agricoin to verify transactions and enables private transactions with coin shuffling, decentralized governance, and the proprietary proof of service protocol, which allows for lightning fast transactions such as instant Agricoin transfer using a method called simplified payment verification (SPV) on Agricledger infrastructures.

What is Agricledger?

Agricledger is a blockchain powered application, revolutionising the agricultural supply chain, trading, financing, data and creating trust, traceability and transparency for all on Agrichainx ecosystem.



What is a masternode?

A node can simply be understood as a computer that plays a part in ensuring the integrity of a network. And, A Masternode is therefore a crypto full node (i.e. a wallet) that supports a network by hosting an entire copy of a coin's blockchain. 

What are the requirements for running Agricnode?

In order to activate and own a node, you need a minimum of N1,000/$4 that will enable you to stake a minimum of 5 AGN tokens. The node begins earning rewards immediately after subscription and activation. You can also subscribed to other higher packages.

Where do rewards come from?

The value and rewards comes from the Agrichainx ecosystem 13 operational models. Also the ecosystem has set aside 75 million AGN tokens as rewards for maintaining the network. You can also become node validator and earn reward instantly. 




          Agricnode Packages

Supporting Global Food Security... One Node At A Time
ALL BENEFITS ARE IN AGRICOIN 











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