Preceding the ICO will be a presale for private investors which is scheduled to begin in December.
The PLAAS team, led by founders Alakanani Itireleng and Koketso Pelo, has recognised a paradoxical situation in Africa, a country with a wealth of agricultural landscape yet an undernourished population in the sub-Sahara. It cites poor farming inputs, food storage, planning methods and transportation as factors affecting the lack of uptake in larger scale commercial farming.
It says there is an opportunity to improve on the data exchanged between the farmers and the market and that this data insight will also improve farming methods. It wants PLAAS to be the blockchain platform where data on plants and animals is captured and as an area for buyers and sellers too. Using real-time RFID, wireless sensors are integrated with all the farmers who are using PLAAS. The data includes breed and ancestry information to help buyers learn more about the animals they are purchasing. And by using blockchain, the platform will be highly secure, unlike a more centralized system. In addition, the information will be mobile-accessible, making it easier for all parties to participate.
The ICO will begin on january 1st and end on February 28th. The total supply of tokens in the sale is 50,000,000 PLS. One PLS token is equal to 0.000081 BTC or 0.0025 ETH. 50 million tokens will be distributed with 37,125 000 in the token sale. There will be hard cap of $15 076 000. To find out more on this ICO visit the PLAAS website.