Traditional providers of agriculture-related financial services have remained unchallenged for decades, or even centuries, able to impose exorbitant rates and constricting quality of life for millions of workers globally. With the introduction of the blockchain and decentralized finance, however, more efficient means of transacting can be done independently of these providers, and Lydium is ready to lead the agriculture economy revolution.
Built on double-layer blockchain distribution technology and designed to support transactions on a global scale, Lydium seeks to upend outdated systems of finance to help empower those responsible for ensuring the world’s food supply. As of 2019, there was an estimated 1.1 billion people currently employed in an agriculture-related position, all of whom stand to benefit from society’s gradual transition to cryptocurrency-based methods of payment, and Lydium plans to have the infrastructure to support them all.
First Phase of Lydium ICO Started on lydium.org.
The much anticipated lydium coin Initial Coin Offering (ICO) is off to a busy start, with 60% of the coins designated for the first round already sold. Lydium, a blockchain-based finance and banking ecosystem, is the first of its kind to introduce the transformative benefits of decentralized finance to one of society’s most important industries: agriculture. For sale during the ICO is the platform’s LYD coin, which is the basic unit of exchange that powers the Lydium economy.
The Lydium ICO is being hosted on lydium org, and supports several cryptocurrencies as payment options, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), TRON (TRX), Dash (DASH), and Cardano (ADA). The price of LYD coin during this initial phase is $0.006 per coin. The ICO will last for a period of four phases, with a total of 20% of the token’s supply being put up for sale. The LYD coin is hosted via smart contract on the Ethereum network as an ERC20 token, which means it can easily be transferred into any number of popular Ethereum wallets.
Taking aim at revolutionizing finance in the agriculture sector, Lydium is shaping up to be one of the most innovative applications of blockchain technology in 2021.