When do you plan to introduce blockchain to the product?
The blockchain introduction is scheduled for 2020. Sensors will monitor the growth environment, nutritions used, and grow time, while blockchain will secure transparency and immutability of the data gathered from sensors. This will guarantee that the vegetables and greens raised with AgroTechFarm are organic and chemical-free. In addition, we are now inquiring into blockchain’s ability to protect software and settings authenticity for each unique plant variety from unauthorized manipulations.
Why are you raising funds through ICO, not through conventional crowdfunding?
We chose ICO as a crowdfunding model because if the campaign is successful, the mechanism of smart contracts and tokens ensures:
- bonuses and 20% discount on the innovative product for token holders. The product will be launched regardless of ICO results;
- the opportunity to quickly scale production and go global for us.
What is the concept of ATF Basic?
AgroTechFarm (ATF) Basic is a smart cabinet-sized farm that will allow you to grow your own tomatoes, strawberries, paprika, cannabis, and other plant species. The intelligent control system requires no specific agricultural knowledges or skills to use the device. The solution with ATF is based on the team’s extensive experience in industrial hydroponics, utilizing the cutting-edge lighting, agricultural equipment, electronics, and biotechnology. By designing the device we put a lot of effort to ensure high safety, efficiency, and durability. The tried and tested technology guarantees high crop yield in a very short time without the use of chemicals or other unhealthy practices. The growth cycle is fully automated and can be controlled and managed from the built-in touch screen. If you want to run an experiment, or have relevant agricultural skills you, can just switch to the PRO mode, which will give you the full control over the device settings and the whole process.
What is this technology about?
The key process in the development of a plant, photosynthesis is comprised of three components: water, light, and carbon dioxide. Our approach is all about achieving the perfect balance between them for each specific plant variety. We combine hydroponics and aeroponics to achieve high oxygenation of the water that a plant’s roots feed on. This results in the dramatic increase in the nutrient availability and metabolic rate, as compared to the conventional agriculture. The well-balanced nutrient solution contains all of the micro- and macro-elements that are crucial for a specific growth stage. This is opposed to the natural soil, where nutrients are spread chaotically, which often causes an unbalanced plant development and slow growth. The highly efficient LED lighting system with adjustable color spectrum and lighting power boosts sugar accumulation in plants giving them more energy to grow. Metabolism is further intensified through fractional CO2 fertilization technique. As a result, a real organic giant can be grown by you at home!
Who are the potential buyers of ATF?
ATF is designed for:
- the industrial-scale production by agricultural companies;
- property development companies which can achieve a great competitive advantage by introducing ATF Enterprise into the infrastructure of their office buildings and residential compounds;
- food retail chains and supermarkets to supply themselves with green products on-site;
- global humanitarian organizations, governments, and programs which now struggle to provide fresh organic food to people living in extreme climate conditions;
- small and midsize businesses such as hotels, restaurants, and groceries to provide their customers with fresh, organic vegetables, berries, and greens;
- coffee shops, medical cannabis dispensaries, and hospitals that employ cannabis treatment to get the high quality hemp right where they are;
- educational and scientific institutions to conduct various experiments and trials using the PRO mode which is a great way to learn, teach, and research agriculture;
- private households to always have fresh, organic food available, without any specific knowledges or skills because ATF is as easy-to-use as a coffee machine.
How to operate the ATF farm?
We have developed the ATF-i software, allowing the remote control via an iOS/Android/desktop app. In addition, the device features a built-in touch screen to operate ATF when an Internet connection is unavailable. The software interface is designed to control and monitor the whole growth cycle from anywhere, track and analyze the growth dynamics, and share this data, tips, and recipes with other ATF users around the globe. ATF-i feature 30 modes, each for a specific plant variety, which can be further expanded, with tutorials, and real-time tips.
Any information about the potential of the market?
The market research company, Ecovia Intelligence, estimates that the global market for organic food reached $89.7 billion in 2016. In France, the €7 billion French organic market increased by €500 million in the first half of 2017, growing at more than 10% a year. Canada's Organic Trade Association (COTA) reported an 8.7% (CAGR) growth in organics from 2012-2017, with overall sales of can$5.4 billion. The Soil Association’s 2018 Organic Market Report in February revealed the UK organic market is now worth over £2.2 billion, growing 6% in 2017. The US Organic Trade Association reported that for the 2016 year, US organic sales totaled around $47 billion, reflecting a rise in sales of almost $3.7 billion from the previous year, with $43 billion in organic food sales. Organic food now accounted for more than 5.3% of total food sales in the country, up 8.4% in 2015, another significant first for organic. (source: Organic & Wellness News).
As for cannabis, its legal production has been quickly growing in the USA since its legalization in many of the states. Customers in North America spent $6.7 billion for medical cannabis in 2016, which is 34% higher than in 2015. Worldwide consumer spending on legal cannabis is projected to reach $57 billion by 2027, according to the “The Road Map to a $57 Billion Worldwide Market” report released by Arcview Market Research, in partnership with BDS Analytics on February 26th . The report also predicts that adult-use cannabis will make up the majority of spending, totaling $38.3 billion, while medical spending will reach $19.1 billion. (source: The Arcview Group).
What are the competitive advantages with your product?
ATF Basic is an innovative appliance which has the following key features that make it stand out from the crowd:
- Customizable multiparameter growth mode for advanced users and agriculture professionals. It allows them to program, store, and share their own modes.
- Intelligent autonomous growth system, featuring a variety of pre-programmed modes, which allows average customers and industrial agriculture operators to quickly grow organic food hands-free. Operating ATF is as easy as operating a coffee machine. It doesn’t requires pH and EC tests, refilling the container with water and nutrients, and pest control. You simply add seeds, fill the nutrient solution containers, and get the crops in. Even the cleaning process is automated.
- Based on our own experience, we designed a structure that allows for the growth of both indica and sativa (up to 130 cm) cannabis types. The structure features two nurse beds which allows for double yields. This means that you will have enough cannabis to experiment with hemp oil recipes, food supplements, and more.
- No hidden maintenance costs. Moreover, the purchase of ATF comes with a free set of nutrients and enough supplies to satisfy a whole year of operation.
- The clean design of ATF will add a fancy, slightly futuristic touch to the interior of your home or restaurant. It will certainly awe and wow your guests.
- The manufacturer warranty coverage period with ATF is two years.
- Unlike most of ICOs, there is a well-established company behind the ATF project. We have have accumulated a wealth of experience in researching agriculture, developing technology, and building similar products.
When are you planning to deliver ATF farms to customers?
ATF Basic launch in production and ATF Enterprise prototype development are both scheduled for the third quarter of 2018. The official market launch is planned for the fourth quarter of 2018.
Does this product already exist?
The working prototype of ATF Basic was created in 2015. This was followed by the technical update of production units and software in 2016.
Are there any calculations of product payback period for a customer?
ATF Basic is designed as an intelligent device for growing organic green food and cannabis for home and small/midsize businesses. The industrial scale production is facilitated with ATF Enterprise. The payback period depends on the plant varieties grown with ATF and is calculated on request.
What's the estimated shipping cost in the USA?
The estimated shipping cost to the USA is between $200 and $300, depending on the state.
How much does additional nutrition cost?
A set of fertilizers that will cover your first-year needs comes with ATF Basic purchase and is completely free. An additional set for one month will cost about $10-$15.
How much electricity does the system consume?
The maximum power consumption with ATF Basic is 250W by raising one tall-growing plant.
Which plants can be grown with ATF?
The ATF Basic edition features two models: for low-growing plants (e.g.: strawberry, salad, basil, arugula, cherry tomato, etc.) and for tall-growing plants (e.g.: tomato, cucumber, cannabis, etc.).
What is agro appliance size?
ATF is featured in the following dimensions:
ATF BASIC ONE: 24” x 24” x 80”,
ATF BASIC TWO: 32” x 24” x 80”,
ATF BASIC GREEN: 24” x 24” x 80”,
ATF BASIC FARM: 24” x 24” x 80”.
Are ATF apps free for users?
The basic ATF-i software allowing you to manage ATF Basic and grow with it is free. You can upgrade to premium and get additional features such as access to further recipes, communication with other ATF users, and more.
Do you provide ATF farms with manufacturer warranty for ATF?
Sure. The default manufacturer warranty covers two years of operation. The extended warranty is for three years and covers 24/7 maintenance.
What is the token supply?
Tokens are mintable (minted on purchase). The maximum of tokens that can be sold through ICO is 3,250,000 ATF. The total amount of tokens that can be minted is limited to 5,000,000 ATF.
When will I get my tokens which are purchased during the ICO campaign?
ATF tokens are transferred to your wallet right away. Referral and bounty tokens will be distributed two weeks from the ICO completion. ATF token holders are free to use them as they decide to.buted in two weeks after the ICO completion. ATF token holders are free to use them as they decide to.
What is the period of return on investment?
We will be buying ATF tokens back from exchanges once we have launched on the market.
Why do you use a Cyprus company?
Cyprus is one of the most international business-friendly nations.
I am interested in your product but can I become an investor?
The only official updated instructions on token purchase are those in your online account at agrotechfarm.io
How many tokens are you offering during the ICO sale?
ATF tokens are minted on purchase. Our public sale has been live since June 1st and will end on July 31st, 2018. The hard cap is set at ETH 40,000, which equals to ATF 3,250,000, or $20,000,000.
How will I personally be able to profit from holding ATF tokens?
- ATF tokens will allow for an AgroTechFarm product price discount up to 20%. When purchasing the product you can get an up to 20% discount by paying no less than 60% of its price in fiats (conventional currency, i.e. dollar, euro, etc.) and up to 20% in ATF tokens. This discount is not cumulative with any other discount. The amount paid in ATF tokens is calculated based on their exchange rate at the date of purchase.
- ATF tokens allow you to get a 50% discount in maintenance and supplies which include seeds, nutrients, hardware accessories, and the AgroTechFarm PRO app. The amount paid in ATF tokens is calculated based on their exchange rate at the date of purchase.
- ATF tokens will be listed on the leading cryptocurrency exchanges. The details will be announced shortly after the completion of the ICO.
- We will be buying ATF tokens back from exchanges once the devices are launched on the market.
What is your plan if you fail to collect the necessary amount during the ICO?
If we fail to reach the soft cap this will mean that the ICO has failed and ATF token holders will be refunded. The ICO is successful when soft cap is reached.
How much money do you need to build a factory?
If we manage to raise $4,500,000 these funds will allow us to buy industrial equipment and rent a facility to begin manufacturing in Canada. The estimated annual turnover is $20,000,000.
Can your customers feel safe? How can legal issues be settled?
The type of ATF tokens is ERC20. The smart contract is published online. Once we have launched on the market, the company will be audited by one of the Big 4 or other highly authoritative third-party companies. The latest ICO updates are published on our open resources such as the Telegram group, social media accounts, and website. We also notify our subscribers about the important news regarding the ICO. None of our team members offers an additional discount that hasn’t been publicly announced or asks you to send your funds to any alternative wallet.
Why don't you find an investor and earn billions with such a perspective technology?
We leverage ICO as a funding model and smart contract as a secure and simple way to support the project. Furthermore, the ICO model allows us to avoid being dependant on a few major investors, each of whom has a substantial part in our company and can dictate their own policy.
Which cryptocurrency can I use to buy the tokens during crowd sale?
The ATF token price is 0.012 ETH. Depending on the ICO stage, we offer discounts. As of now, ATF tokens can be purchased with Ethereum, but we are working to introduce other cryptocurrencies in the purchase process.
How can I be sure that my tokens are not lost?
ATF tokens are created via ERC20-type smart contract. The link to smart contract is published on our website.
How can I secure myself from fraud?
ERC20-type smart contract guarantees safe purchases and prevents fraud.