Nelore Coin Price (NLC)

Nelore Coin (NLC) is a distinctive token that strives to bridge the gap between the agricultural sector and the digital world. It is an agricultural business token that concentrates on cow production in Brazil, with several farms under its management. The token's value is intrinsically linked to the real-world profits generated from these farms. The transaction tax collected from NLC transactions is directed towards a Treasury account, which is then used to acquire or rent more farms in Brazil. This approach strives to create a stable value for the token that can withstand market fluctuations.

Nelore Coin operates on a unique model where the profits from the farms are used to acquire NLCs from the Liquidity Pool, typically on a monthly basis. The token operates on the Binance Smart Chain (BEP20). The process begins with the capitalization phase where fees are used to fund the company's acquisitions. Quality cattle are then purchased and taken to the feedlot for fattening over a period of 120 days. The fattened cattle are then sold to slaughterhouses domestically or through international exports. The profits from these operations are analyzed, and 30% of the profit is used to repurchase and burn tokens, thereby enhancing their value and increasing the currency's scarcity.

Nelore Coin aims to integrate the agricultural sector with blockchain technology. It intends to tokenize its Nelore cows through an internal NFT system and establish a marketplace for real-time transactions of multiple agricultural products. This would allow for the recording of immutable and trusted data onto the blockchain, such as the production, distribution, and sales history of every product. Additionally, Nelore Coin intends to establish a market on agricultural products in Brazil, partnering with the largest farmers in the country. This would allow users to speculate on the prices of various agricultural products.

Nelore Coin was founded by CEO Marcos Rodrigo and CFO Emerson Muller, both of whom have over 20 years of experience in the agricultural sector. Since its inception, Nelore Coin has successfully acquired two farms in Brazil capable of producing 20,000 cows on a total of 20 hectares of land. The team has grown to over 10 members and continues to expand. Nelore Coin is an agricultural token based in Brazil. It strives to manage more farms globally, integrating WEB3 features into the traditional agricultural sector.

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The current market cap of Nelore Coin is $75.15K. A high market cap implies that the asset is highly valued by the market.

The all-time high of Nelore Coin is $0.0213. This all-time high is highest price paid for Nelore Coin since it was launched.

Over the last 24 hours, the trading volume of Nelore Coin is $296.68K.

Assets that have a similar market cap to Nelore Coin include Dobby, Smooth Network Solutions Token, BemChain, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Nelore Coin is 295 million.