Right now, is the time to buy according to the creators of the platform. And not only that, but this is the first time in history that the Shrimp Farming Enterprise has a cryptocurrency that is representing it. The platform is solely dedicated to a massive global industry that is projected to reach as high as $67 Billion USD.
How Does Global Shrimp Coin Work?
The new company has a max cap of only 10 million tokens with a lock of three long years. Currently the company token it’s trade able on the GCX Exchange and HitBTC Exchange.
The company ICO for the company is raising about $50 million and will privately own 20% of all equity shares inside the holding area of the Global Shrimp Company, YG Limited. All assets and dividends are being spread through investors who hold tokens on an annual basis.
The team consist primarily of many veterans from the industry, as well as some of Peru’s dedicated shrimp specialists who have been consulting Global Shrimp down in the Cayman Islands. The company is called CryptoGenX Ltd. And they will launch a dividend paying system that is backed by real equity and the GSD Token.
What Is The ICO On Global Shrimp Coin?
There is a huge ICO occurring right now with Global Shrimp Coin, and with a soft cap of 10 million tokens, the company is looking to sell big. There are four rounds to the ICO, and the first two are a type of presales ICO before the 3rd and 4th rounds hit the market and go from $10 million all the way up to $30 million, then $40 million, and finally $50 million.
So far, the platform has already raised a whopping $146K USD, it’s the GSD (company token) Pre-ICO – And Round 1 – is – live with a simply registration button that gives you a 20% off discount.
The 1st round of the ICO began March 15th – March 31st, 2018. And carries a 20% discount and has a cap of $10 Million USD. The 2nd round goes from April 1st – April 15th, 2018. And it carries a 10% discount and a cap of $20 million USD.
There is a 3rd round starting on April 15th and running until April 15th – April 30th, 2018 and has a cap of $10 million USD. The last of the platform starts May 1st and goes until May 15th, 2018 with a market cap of $10 million USD.
The company has a massive roadmap available on the company website you can look at. It’s the goal of Global Shrimp Coin they be a completely steadfast company – like they are.
Who Is Behind Global Shrimp Coin?
The company is run by a board of directors who are primarily from the fishing and shrimping industries. The website actually has decent bios and links to further verify the team. There are managers, workers, directors, and advisors. And ultimately, the company is owned by Frimaro Middle East ShipInvest Inc. Another partner is Linfan Holding Inc. and finally the last one is Middletown Investment Group Ltd.
Global Shrimp Coin In Conclusion
The overview of the industry is pretty standard. It’s simple, Shrimp are expensive and has become one of the largest industries in the world. The global market and big business are fully vested into shrimp an have turned it into one of the most competitive industries in the world.
A good example of how lucrative the industry has become is that of the farmed Whiteleg Shrimps segmented value was at $14 Billion USD in 2017 alone. Those numbers are projected to increase at a CAGR of 5.8% over the period of forecast. The segment is also expected to be valued at a little less than $25 billion USD by the end of 2027.