Mexican Tequila industry being redefined through
According to Mexican government, the tequila industry is expected to touch $3.7 Billion by 2030. Ever heard that one of the major ingredients used in tequila comes from a plant, Agave? The plant grows from the southwestern U.S. through the northern part of South America. Agave has about 60 calories per tablespoon, compared to 40 calories for the same amount of table sugar. It is found heavily in arid and semiarid regions of Mexico and the Caribbean. The blue agave is the one used in the production of tequila. Companies have now started to integrate the industry with .
The technology has seen major uprising in last 2 years and has the potential to redefine the way tequila industry is operated. One such company in entering the market via integrating is a Mexico based .
The is developed on ERC-20 platform, and was presented in November 2018 as a digital asset based on the profitability of the Agave industry. The company projects its initial value in offering it from US $ 0.01 to US $ 1.2 for the year 2025. The funds raised will be invested directly in the operation of the ranch business, which implies both producing agave and producing-exporting tequila or mezcal.
Value projection
managed to raise an initial capitalization of more than $32 million. With this capitalization in dollars, acquired 300 hectares ready for sowing of agave in Mexico.
, a professional trader and an analyst of Cripto Activos, and the project’s founders and , declared that “is the only crypto that is based on real projects in the industry of tequila and mezcal in Mexico”.
On January 12, the company faced a setback. They were hacked, so there was a need to close markets and remove the from all platforms. All the money was returned to users who bought stolen and the legitimate ones were swapped with the new one. The corresponding complaint was filled to the competent authorities and ther was asked to blacklist the and eth addresses used to receive part of the thefts.
Coming back stronger
Since then the company has returned stronger and, from this May onwards, a monthly reward will begin for the true agavecoin holders. The remaining supply will automatically be sold at the market price and all the added value of the will be invested in the project. This strategy that will result in not having a fixed price cap and may reach unplanned values. Thereby this project can reach gigantic dimensions.
According to records, has shown a sustained growth becoming positioned in the ranking 336 with a market capitalization of US $9.12M.
Until reaching the total of the supply and achieve the goal of global production, the team is committed not to sell its supply, this way the project will be safe. Agavecoin does not devalue its value in exchanges, the supply is placed in circulation in relation to its demand in the market and it is sold above 0.15 US . It is also indicated that each is 100% backed in the production of agave in the real market,the coin relies on the value of the land acquired.
The company is also thankful for help and support of (awarded ADVFN International Financial Awards 2019) and believes in their potential and honesty.
Next they have joined the oriental market in the exchange, and plans to expand worldwide. At 7th of May the exchange will list agavecoin giving more expansion to the eastern market.
Users can use app that can send agavecoin or any through social networks or use it as a means of payment.
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Published at Sun, 28 Apr 2019 16:05:04 +0000