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Agrotoken To Build A Polkadot Parachain

Twitter icon  •  Published il y a 5 mois  •  Hassan Maishera

The Polkadot team announced via X (formerly Twitter) on Wednesday that Agrotoken is set to build a Polkadot parachain.

The Polkadot team announced via X (formerly Twitter) on Wednesday that Agrotoken is set to build a Polkadot parachain. Agrotoken is the first global infrastructure for tokenizing agricultural commodities like soybeans, corn, and wheat.

Agrotoken stablecoins are collateralized by actual grains. The value of each token directly reflects its real-world counterpart.

The Agrotoken parachain will have various use cases, including the Agrotoken-backed Visa cards, allowing users to hedge against hyperinflation, use as collateral for loans and more. Agrotoken's open API welcomes collaborations with other Polkadot ecosystem projects, encouraging diversified product development, the Polkadot team added.

Polkadot facilitates cross-chain communication and interoperability by connecting multiple blockchains into one unified network. DOT, the native token of Polkadot, is up by 6% so far today and is trading at $5.568 at press time.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.