Agricultural RWA blockchain market "AgriDex" is launched

Can public trading facilities built through blockchain help traditional industries solve cross-border sales pain points?

According to a report by the currency circle Japanese media "CoinPost", the Solana RWA electronic market "AgriDex" was officially launched on July 24 and successfully executed its first transaction.

AgriDex was founded with the intention of building an electronic marketplace to revolutionize global agriculture and is expected to further facilitate more transactions in the coming months.

It is understood that more than 200 bottles of olive oil and many red wines were traded that day, and that these goods are currently being shipped from South Africa to the UK.

What is RWA: The abbreviation of Real World Asset, including real estate, art, exchange cards and other physical assets, as well as securities such as stocks and bonds. These assets are tokenized through the blockchain.

Two major advantages of the AgriDex market

Leveraging blockchain technology, the AgriDex Marketplace offers two major advantages:

  • Bringing fairness, transparency and sustainability to supply chains and agriculture

  • Users enjoy fast transaction speeds and low handling fees

For example, in that day's transaction, the buyer and seller each paid a handling fee of 0.15%. The CEO of brewing company Oldenburg Vineyards commented:

"For the first time, we conducted a transaction on a public blockchain. The payment for the transaction was received within seconds, not days later, and the handling fee was only 5 pounds (approximately NT$211)."

Judging from the reviews of manufacturers, the AgriDex market can not only significantly shorten the remittance time for cross-border transactions of agricultural products, but also reduce transaction and remittance costs.

AgriDex is expected to issue coins and airdrops

AgriDex has partnered with Solana with the goal of bringing the $2.7 trillion global agriculture industry to the blockchain. In May this year, the company received $5 million in financing, with participation from Oldenburg Vineyards and former senior executives from Goldman Sachs.

The official website mentioned that the CEO of AgriDex revealed to the foreign media "The Block" that the native token $AGRI will be launched in September, with the goal of being listed on multiple major exchanges, and airdrops are also expected. Additionally, AgriDex will use half of the profits to purchase and burn $AGRI.

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