Frequently Asked Question

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What is Blockchain?

Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain.

What is Cryptocurrency?

A cryptocurrency is a digital or virtual asset that is designed and secure by cryptography to work as a medium of exchange. Cryptocurrency is built on blockchain

What is Agrichainx?

Agrichainx is a Blockchain agriculture platform connecting farmers to market, finance, tools and resources. Agrichainx is built on blockchain to make agricultural operations seamless

What is Agricledger?

Agricledger is a blockchain powered application, revolutionising the agricultural supply chain, trading, financing, data and creating trust, traceability and transparency for all on Agrichainx ecosystem.

What is Agricoin?

Agricoin is like bitcoin. Agricoin is the currency for agrichainx ecosystem. You can use it for transactions, investing, buying and selling of agriculture produce on Agrichainx platform.

What is masternode?

A node can simply be understood as a computer that plays a part in ensuring the integrity of a network. And, A Masternode is therefore a crypto full node (i.e. a wallet) that supports a network by hosting an entire copy of a coin's blockchain.

What then are masternodes on Agrichainx?

Masternodes (MN) on the Agrichainx are called Agricnode. Agricnode is a decentralized wallet or account containing a locked amount of Agricoin to verify transactions and enables private transactions with coin shuffling, decentralized governance, and the proprietary proof of service protocol, which allows for lightning fast transactions such as instant Agricoin transfer using a method called simplified payment verification (SPV) on Agricledger infrastructures.

What are the requirements for running Agricnode?

In order to activate and own a node, you need a minimum of N1,000/$4 that will enable you to stake a minimum of 5 AGX tokens. The node begins earning rewards immediately after subscription and activation. You can also subscribed to other higher packages

Where do rewards come from?

The value and rewards comes from the Agrichainx ecosystem 13 operational models. Also the ecosystem has set aside 75 million AGX tokens as rewards for maintaining the network. You can also become node validator and earn reward instantly.

Can I just run a node and without being a validator? Why do I have to be a validator?

Yes, you can run a node without being a validator. However, it is an added advantage to have many validators to help us grow and support the project by referring others to own a node. Being a validator help to keep the platform running and active and you receive instant payments from the accounts you validate.

How many wallets do I need to run Agricnodes?

You need one wallet per node package. Each wallet will have proportional AGX tokens to be stake. You can also own different accounts.

I'm in. Where do I begin?

Once you're all set, register and subscribe to a node package, pay to your sponsor or to the company, get validated and start earning. Join our various communities to know more.