iAqua ICO (AQUAX Token): Blockchain Aquaculture Business?
A project of the All T&A Consulting Pty Ltd, an Australian company, iAqua aims to raise over $5 million its impending ICO where it will issue Aqua Tokens (AQUAX).
Currently, iAqua is an entrepreneurial startup project which requires heavy funding to realize its goals; hence the crowdsale. After the ICO, the project intends to transform into a fully-fledged and sustainable freshwater aquaculture facility that supplies fish and related products to selected international markets.
Parameters Of The AQUAX ICO Token
Total supply: 3,788,766
Token price: A$ 1.40 per AQUAX
ICO start date: 29th April 2018
ICP end date: 29th July 2018
iAqua ICO – Potential Benefits To Investors
Indoor aquaculture is geared towards environmental conservation due to its distinctive characteristics. Firstly, is uses land efficiently as compared to other forms of agriculture, especially crop production. Also, aquaculture does not result in the degradation of land since it efficiently consumes nutrients. Lastly, indoor fish farming does not produce hazardous wastes.
Invest In Australia
Due to its political stability, Australia is an ideal location to set up a business, this, coupled up with enforceable contracts and a formidable constitution provide the prefect ground for the thriving of an investment.
Buying Discounted Tokens
The price of AQUAX will be massively influenced and related to the price of 0.1kg of Murray Cod fish. Investors will buy the tokens at a significantly lower price as compared to outsiders.
At the end of every financial year, AQUAX token holders will receive a portion of the project’s profits as dividends.
Every token holder can sell their tokens back to the company. This process, known as redemption, will occur once per year. The company will destroy all the redeemed tokens.
Trade On Exchanges
After the completion of the ICO, iAqua will list AQUAX on external exchanges that support Ethereum-based digital currencies. This will allow AQUAX holders to exchange their tokens into either fiat or other virtual currencies.
On the event that the impending ICO fails to reach its low funding goal, all investors will have their respects investments refunded.
Increasing Global Fish Consumption
As the world’s population grows, the necessity to invent methods of food production intensifies. iAqua focuses on the indoor farming of seafood to realize this objective.
Furthermore, the consumption of fish has significantly increased dues to its health benefits. This trend has intensified the demand for fish. Due to the stringent laws imposed on natural fishing, aquaculture remains the most viable option to satisfy this demand for seafood.
iAqua seeks to capitalize on this opportunity by using advanced technology to breed the Murray Cod fish, a species renowned for its rich nutritional value. After maturity, the product will then be sold to selected markets in a bid to maximize profits.
AQUAX ICO Token Sale
To fund this auspicious project, iAqua will issue the ERC20 complaint Ethereum-based AQUAX utility tokens. The ICO intends to raise A$ 5,304,364 by selling a total of 3,788,766 AQUAX. However, should the UCO fail to raise a minimum of A$ 454, 899 before July 16, 2018, investors who will have contributed by then will get refunds.