Fishfactory Protocol: Digest 002 — WHAT MAKES FISHFACTORY PROTOCOL A UNIQUE PURSUIT.
In the bid to solve a real world problem with blockchain (cryptocurrency) infrastructure, we took a dive into an economic problem to make a lasting contribution that would last.
Fish farming is not just lucrative, it’s a unique & noble business endeavor to come on blockchain. Cryptocurrencies need to go mainstream and more effective efforts has to be made to simplify it’s complexity to the man on the street. Wealth and freedom is a desired pursuit by mankind, but only by solving problems can such dream be realized for many. This is a moving train and do not sit fallow.
WE WILL BE PROBLEM SOLVING.
🐳 The primary goal of Fishfactory Protocol is to pioneer a large-scale solution of solving food deficit.
This will focus on breeding and rearing highly nutritious and disease free catfishes that are backed via blockchain infrastructures. Also the protocol shall breed between 1million to 10 million nutritious and disease free catfishes on annual basis.
The XFP-TEAM has already secured about 5.04 Acres (a 1100 ft long by 200 ft wide) of landed property to kick-start fish-farming. Starting from Nigeria, BFI FISHFACTORY LTD targets a minimum of 10 hectares of land.
Note: An Acre is a standard unit of measurement used by Land sellers and it is almost equivalent to the size of a standard football field and 2.471 Acres makes an hectare. Fishfactory Protocol already boast of an initial 2.03 hectares (5.04 Acres) at launch.
WE ARE ENABLING BFI-JOBS
Also as we surveyed and researched, we discovered that the implementation of Fishfactory Protocol will give rise to man-hours at the factory, thus enabling jobs in the farms and online communities. Therefore, Fishfactory Protocol shall have capacity to enable over 1000 (+) jobs within countries of interest, starting from Nigeria. Possible jobs to be created are:
Farm Managers
Farm Janitors
Farm Inventory/Account Specialist
Fish Hatchers
Local Marketers
Plumber & securities
Developers
Legal personnel's
Drivers
Digital artist (graphic designers),
Online/Offline contract staff.
USABILITY, PRODUCTS AND TOKENIZATION
There is food deficit in Africa, along huge unemployment. Blockchain as a revolutionary technology can be directed, not just for wealth creation but also for value creation. Fishfactory Protocol shall therefore be the first real-world blockchain farm Initiative (BFI) & Defi (meme) token, digitizing aquatic-foods with focus on catfish mass-farming from Africa and huge employment opportunities.
The Fishfactory Protocol ($XFP) usability neighbors around payments, investment equities (hedge-funds) and exchange (trading and yield farming) with the following factory products:
#1. Adults Catfishes (BBQ Seizes)
#2. Mid-Range (Smoked-fish Seizes)
#3. Post Juveniles & Juveniles.
#4. Fingerlings.
We are committed in solving these deficit via tokenization and the re-invention of decentralized finance to our esteem community participants.
🐳 Tokenomics
Fishfactory P ($XFP) will be deflationary (burnable) token on the Binance Smart chain and Waves Blockchain, with a 1.5% burn from liquidity supply annually.
Below is the tokenomics as detailed.
TOTAL SUPPLY: 100,000,000,000 XFP (Deflationary-burn)
1. Private Sales — 10,000,000,000 XFP @ $0.00005
2. Public Sales — 40,000,000,000 XFP @ $0.0001.
3. Liquidity/Initial market price — 25,000,000,000 XFP @ $0.00012
4. Seed-Funds — 1,000,000,000 XFP (1yr vesting).
5. Community & Marketing 4,000,000,000 XFP
6. Reserve 20,000,000,000 XFP (NFTs Backings)
BUSINESS MODEL
Tactically, there is a business model the COY shall run alongside for a class of men and women who would be regarded as angel farmers (or investors). We have highlighted details on our website and whitepaper (we are also reviewing the business model for ease).
WHAT IS THE MARKET LIKE AND WHY AFRICA (NIGERIA)?
The Nigerian economy consumes averagely 1.2 million metric tons of fish every year, with 85 percent (representing 800,000 metric tons) as imported . Nigeria is one of the world’s largest importers of fish. Nigeria spends about N97 billion (i.e $235.7 Million) on fish importation every year. This shows that the market for fish in Nigeria is huge and with a population growing at 5.7% annually, the market will continue on the upward trend.
It is obvious the opportunity here is huge and the market is too big for us alone. With a population of over two hundred and one million (201,000,000) people and an estimated national population growth rate of 5.7% per annum, average economic growth rate of 3.5% per annum in the past five (5) years, Nigeria is a large, expanding to sustainable market for catfish.
WHO WE ARE
Fishfactory Protocol is owned by BFI FISHFACTORY LTD. We’re currently incorporated at the Corporate Affair Commission. The protocol has also received a kick-start seed-funds from the developers of Qnode Protocol and 1 billion supply of the XFP tokens will be locked in smart contract and distributed later after 1year vesting to Qnode.Defi holds (T&C applies).
The protocol also, shall be releasing installments of profit yield to institutional exchanges after every harvest period to boost liquidity and volume.
We are quite aware of the challenges in building such a project and we are set up due diligent processes to curb them when they arises.
WHEN LAUNCH
We’re getting ready to go public and the official launch is scheduled on Q1, 2022. We encourage our community to check up with our developments on every channel of ours.
🐠 Read Report on Test farming Report
🐠 Read EarlyBirds Conscription
🐳 Read Assumed Statistical Analysis
Find More details here:
👉 Website: fishfactory.cc
👉 follow Medium: Fishfactory Protocol
👉 Follow Twitter: Fishfactory Protocol
👉 Join Telegram: @ffprotocol
Thanks for reading
