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SOYA token, a global stablecoin

By Estudio Chaloupka - 25/03/2021

Agrotoken, an Argentinian global platform for tokenization of agricultural commodities, has announced the launch of the first grain-backed cryptocurrency, SOYA.

By means of tokenization, which means converting real crops into digital assets, Agrotoken has created a stablecoin (which is a stable currency with parity in grains). That is, for each crypto soybean SOYA token there is a ton of real soy guarded in a supporting storage, and validated through the PoGR (Proof of Grain Reserves) making it transparent, secure, decentralized and auditable at all times, through the Ethereum blockchain management system.

This makes the SOYA token into a global stablecoin, a cryptoasset that has as a reference value the price of soy in the local market.

“We have created an ecosystem that digitizes the value of grains and simplifies transactions, savings and investment,” Agrotoken highlighted in a press release.

By Estudio Chaloupka - 25/03/2021
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Estudio Chaloupka

Estudio Chaloupka Industrial Property is a professional firm specialized in Intellectual Property, existing as of more than 50 years (under different names), with a staff of professionals with a high level of technical and legal expertise in trademarks, patents, models and industrial designs, copyright, software, licensing, domain names and litigation.

The firm provides its clients - pertaining to the fields of pharmaceuticals, chemicals including agrochemicals, banking, luxury goods, equipment and supplies for the oil industry, footwear, garments, food and drinks, hotels- with a complete range of intellectual property services not only in Argentina but also throughout the world. 

Our professional team is committed to providing clients with high quality services, tailored to their particular needs, allowing  them to achieve their professional and business goals.