$FARM DAO and the token utility for our upcoming subscription-based livestock platform
$FARM Governance Token holders will vote on key business decisions, product features, and usage of reserve funds.
Staking Rewards
Token holders will stake tokens to earn a share of the business revenue.
Platform Usage
$FARM is required for accessing premium features, services and discounts within our subscription ecosystem.
Revenue Sharing:
A portion of business revenue (5%) is used to buy back and burn tokens from the market, reducing supply and potentially increasing token value.
Mootrack is developing a cutting-edge livestock registry app and platform that leverages Solana blockchain technology to create immutable digital records for cattle buyers and sellers. Our goal is to update farming as we know it by providing farmers with helpful digital tools.
As most of our clients will be new to Web 3, we're preparing a separate user flow for them. The $FARM token will be integral to Mootrack's platform, powering subscriptions and enabling users to access premium features through a tiered subscription system. Depending on the subscription plan, our $FARM token will give farmers a discount of at least 20% on our subscription price, incentivizing them to adopt Web3 mechanics more easily. While they don't have to use the token, they'll likely want to in order to get a good deal.
For our clients, the average yearly subscription will cost about 1,000 USD. We also offer the flexibility to pay using our $FARM tokens, a cryptocurrency that fluctuates in value similar to Bitcoin.
The exact amount of $FARM required for the subscription will depend on its current market price. If $FARM is valued at 1 USD per token, farmers can enjoy a discounted subscription fee of 800 USD with 800 $FARM tokens.
We will integrate with both traditional payment gateways to process USD/EUR/CAD/COP payments and cryptocurrency payment gateways to handle $FARM transactions.
A reliable price oracle will be used to fetch real-time $FARM price data, ensuring accurate conversion and fair pricing at the time of payment. Regardless of when farmers subscribe or the payment method they choose, the total value of their subscription remains consistent. This provides flexibility and potential savings for our clients.
Also in our pipeline regarding $FARM:
Loyalty engagement system
Partnerships with Real World Assets (RWA) tokenization companies
Mobile app for farm employees
Workflow:
Client decides to pay in $FARM or USD (any FIAT currency).
Payment gateway connects with the price oracle to fetch real-time price.
System calculates how much $FARM is needed for that moment’s exchange rate.
Smart contract executes the transaction, deducting $FARM from the client and confirming the payment.
Subscription is activated or renewed automatically.
As we gather more feedback from cattle ranches, additional use cases will be tied to $FARM. The token will always remain an integral part of Mootrack, both during our pre-VC stage and afterward.
After targeting the cattle sector, we plan to expand our solutions to other farming sectors as well. That’s why our token is named $FARM.
We are creating a solution to an existing problem which can be solved now by technology, Solana's scalability
Helping bridge the gap between Solana and the real world. This is how we get true mainstream adoption - $FARM🤠