Vfarm - VERTICAL FARMING Technology
Introduction
With global demand for food set to rise by at least 60 per cent over the next 35 years, agriculture is poised for another revolution. The major issues affecting the sector in the 21st century, including food security, depleting natural resources, climate change, genetically modified crops and changes in global eating habits.
Enter vertical farming – the idea of building entire skyscrapers occupied with vertically-stacked farms that produce crops twice as fast, while using 40% less power, having 80% less food waste, and using 99% less water than outdoor fields.
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Components
Four main components form the pillar of VFarm. These four pillars support a firm foundation for an efficient production of crops and a robust VFT token utilization ecosystem. The four pillars comprise of the following:
- Application - For marketplace, verifier and user dashboard
- Agriculture Blockchain - Planting Data and Transport Data
- Token Usage - For supply chain and analytics data access
- Vertical Farming - Smart Irrigation and IoT sensor
Vertical farming is defined as when plants or crops are grown inside of a skyscraper greenhouse or on a vertically Revolutionizing Urban Farming inclined surface. A vertical farm is any building that grows plants and is higher than a single storey.
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Features
Water and Nutrient
The hydrophonic system is a key part of vertical farming. VFARM specifically uses the Nutrient Film Technique (NFT) where plants are grown in a soilless solution that is recycled from a reservoir. This provides hydration (water), oxygen and nutrients, which are normally found in soil, and are required for roots. In vertical farms the roots are uncovered and exposed to more oxygen, the plants/crops will be able to grow at a faster rate. This NFT hydrophonic system is called a closed loop system and uses 95% less water than traditional farming methods.
LED Lighting
LED lighting gives out light of different wavelengths that target different types of chlorophyll. This increases the amount of sunlight absorbed, therefore making photosynthesis very efficient, thus assisting in achieving the primary goal of vertical farming which is to produce more food per square meter.
Support Structure
Support structure on medium such as cloth, separates the aerial portion of the plants from their roots and gives them support to grow. It is also used for seeding, germination (when seeds sprout).
The hydrophonic system is a key part of vertical farming. VFARM specifically uses the Nutrient Film Technique (NFT) where plants are grown in a soilless solution that is recycled from a reservoir. This provides hydration (water), oxygen and nutrients, which are normally found in soil, and are required for roots. In vertical farms the roots are uncovered and exposed to more oxygen, the plants/crops will be able to grow at a faster rate. This NFT hydrophonic system is called a closed loop system and uses 95% less water than traditional farming methods.
LED Lighting
LED lighting gives out light of different wavelengths that target different types of chlorophyll. This increases the amount of sunlight absorbed, therefore making photosynthesis very efficient, thus assisting in achieving the primary goal of vertical farming which is to produce more food per square meter.
Support Structure
Support structure on medium such as cloth, separates the aerial portion of the plants from their roots and gives them support to grow. It is also used for seeding, germination (when seeds sprout).
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VFarm System Components
The VFarm System consists of the following components:
- VFarm Modular User Interface Engine
- VFarm Application Layer
- VFarm Token Management Layer
- VFarm Agro Traceability Blockchain
The VFarm Modular User Interface Engine
The VFarm User Interface Engine is where all interactions with the user is performed, and is design for ease of use.
The engine allows VFarm to be deployed on a multitude of devices while retaining the user experience unique to the platform. Platforms that have been deployed on and planned are:
- Mobile (IOS and Android)
- Browser based
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- The VFarm (VFT) utility token is fully ERC20 compliant and is available for swap with BTC and ETH.
- Base token price upon launch of crowdswap is set at USD$0.10.
Intellectual Property
- Brand name and domain
- Source codes
- Databases
- Processes
- Algorithm
Hardcap
The Hardcap for the VFarm ICO is USD$10 million.
Token IssuanceVFarm (VFT) tokens will be issued immediately at the end of each stage of crowdswap.
Distribution Of Issued Tokens
A total 375,000,000 VFARM (VFT) will be generated.
All tokens held by founders, project team and advisory panelist will be reverse vested over 12 months with monthly vesting windows.
Unswapped tokens at the end of the ICO period will be placed under reserve for ecosystem operations.
A Pre-ICO stage will be conducted with a 30% bonus for a minimum swap of 10,000 tokens.
Usage Distribution Of the USD$ 10 million that is attributed to this ICO exercise, the following is the usage distribution:
Token Sales Information
All tokens held by founders, project team and advisory panelist will be reverse vested over 12 months with monthly vesting windows.
Unswapped tokens at the end of the ICO period will be placed under reserve for ecosystem operations.
- 40% - for BTC or ETH to fund the development & operations
- 17% - will be held in reserve for ecosystem operations
- 15% - will be held in reserve for future expansion
- 10% - will be held by the founders and project team members
- 5% - will be used for marketing
- 5% - will be held by our ICO advisors
- 3% - will be used for bounty during the ICO period
- 2.5% - will be held by advisory panelists
- 2.5% - will be utilized in social accountability program
A Pre-ICO stage will be conducted with a 30% bonus for a minimum swap of 10,000 tokens.
Usage Distribution Of the USD$ 10 million that is attributed to this ICO exercise, the following is the usage distribution:
- 40% of contributions will used for construction of the VFarm System in Kuala Lumpur.
- 31.5% will be used for the Agro Traceability Blockchain development.
- 11.5% will be used for IoT Systems R&D.
- 8.5% will be used for Irrigation Systems R&D.
- 8.5% will go towards site rental cost.
- Public Sale Starts : TBD
- Public Sale Ends : TBD
- Total Token Supply : 375,000,000
- Token Symbol : VFT
- Hard Cap : USD $10m
- Base Token Price : USD $0.10
- Accepted : ETH, BTC, XRP, LTC
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VFARM - Roadmap
- 2019 - Q1
- Concept Paper
- Commercial Paper
- Establishment of Partner's Collaboration
- Q2
- Commencement on Construction of Farm 1 (Kuala Lumpur)
- White Paper Development
- Blockchain and IoT Development
- Proof Of Work (POW), Tokenomic
- Completion of Construction & Harvest
- ICO Commence
- Q3
- ICO Ends
- Commencement of Contract Farming
- Commencement for the R&D on Agro Traceability
- Blockchain Development
- Commencement for the R&D on Irrigation System
- Commencement for the R&D on IoT
- Q4
- Physical Farm Development (POC)
- Commencement on construction of Farm 2,3,& 4 (Kuala Lumpur)
- Completion of Construction & Harvest
- Commencement on Contract Farming
- 2020 - Q1
- Expansion to London market
- Commencement on construction of Farm 1 (London)
- Completion of Construction & Harvest
- Commencement of Commercializing to consumers
- Q2
- Commencement on VFarm licensing/franchising
- Commencement on construction of Farm 5, 6 & 7(Kuala Lumpur)
- Completion of Construction & Harvest
- Commencement on Contract Farming
- Q3
- Commencement on construction of Farm 2, (London)
- Commencement on construction of Farm 8, 9 & 10 (Kuala Lumpur)
- Completion of Construction & Harvest
- Q4
- Commencement on Commercializing to Consumers
- Commencement on Contract Farming
- 2021 - Q1
- Commencement on construction of Farm 11 (Kuala Lumpur)
- Commencement on construction of Farm 3 & 4 (London)
- Completion of Construction & Harvest
- Commencement on Commercializing to Consumers
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ACCURATE INFORMATION
- Website: https://vfarm.global/
- Whitepaper: https://vfarm.global/whitepaper.pdf
- Two-Pager: https://vfarm.global/summary.pdf
- Announcement thread: https://bitcointalk.org/index.php?topic=5156523.0
- Medium: https://medium.com/vfarmofficial
- Reddit: https://www.reddit.com/r/VFarmOfficial/
- Telegram: https://t.me/Vfarmofficial
- Facebook: https://www.facebook.com/vf4rmcommunity
- Twitter: https://twitter.com/vf4rm
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AUTHOR
Username Profile BTT : Ris88
ETH Address : 0x2CF4F93348116B2Ce67Ecb7A9eA57E10Bf0f81A2
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