LAUNCH | Africa-Focussed Solana RWA Marketplace, AgriDex, Officially Launches $AGRI Token, Gets Listed on South Africa’s VALR Crypto Exchange

Solana-based real-world assets (RWA) marketplace, AgriDex, has announced the launch of $AGRI token.

With a total supply of 1 billion tokens priced at $0.065 each, $AGRI is now listed on major exchanges such as:

• Gate.io
• MEXC Global
• CUBE, and
• VALR

said the firm.

The $AGRI token serves as the foundation of the AgriDex platform, enabling governance through a Decentralized Autonomous Organization (DAO), facilitating trading fee payments, providing liquidity rewards, and offering participation incentives.

Additionally, it is designed to support environmental and social projects through future staking reward initiatives, reflecting AgriDex’s dedication to sustainability.

The project is backed by a wide network of strategic partners, including:

• The Solana Foundation
• Circle
• Bridge
• Jupiter, and
• Bastion

AgriDex also collaborates with key ecosystem players such as:

• Imperial Shipping Group
• Parrogate
• Cross Country
• Future Farm
• Dadtco
• Oldenburg Vineyards
• Demeter Ghana LTD
• Esco, and
• Solar Energy Projects

“Today marks a significant milestone in our mission to democratise and decentralise global agricultural trade,” said Henry Duckworth, Co-Founder and CEO of AgriDex.

“$AGRI ensures that farmers and traders worldwide benefit from fair prices, secure transactions, and sustainability-driven rewards. It also drives the efficiency and inclusivity of our platform. ”

According to AgriDex, the project is expected to generate $133 million in profit by the end of 2028 as it disrupts traditional agricultural trade systems, creating a new era of efficiency and fairness in the global food supply chain.

In late November 2024, AgriDex emerged the winner of the the ‘Stand With Crypto Best Use-Case Competition’ due to the platform’s ability to provide greater visibility into product sourcing by recording and validating essetial data on origin.

In July 2024, as reported by BitKE, AgriDex successfully completed its first on-chain private transaction, facilitating the shipment of over 200 bottles of extra virgin olive oil and multiple cases of wine from a farm and vineyards in South Africa to London.

“We settled the first-ever trade on a public blockchain, and it is now on its way from South Africa to London. The funds came into our AgriDex account in seconds rather than days, and the fee was £5.

We look forward to continuing our partnership and bringing more of our stock on-chain. This will help us to reduce transaction and remittance costs, as well as the time it takes to receive payments,” said Adrian Vanderspuy, Owner and CEO of Oldenburg Vineyards, at the time.

The company is focused on high impact goods with a current focus on cocoa in West Africa (especially Ghana and Nigeria), grains in Ukraine and South Africa, and global sugar where they have local partnerships assisting expansion.