At 4 p.m. on August 1, SEED announced its first confirmed “farming” on its official website.
Farming refers to the act of participating in “energy farms” provided by SEED, a business platform based on blockchain technology that makes it easy for anyone to join profitable business while contributing to reducing carbon emissions.
The first energy farm is the SEED Blockchain Center located in Jakarta, Indonesia.
The center symbolizes energy-saving smart buildings constructed with the application of blockchain technology. It will also serve as the headquarters of SEED.
The first farming has been prepared as a congratulatory event for the construction of the SEED headquarters.
Jakarta, where the SEED Blockchain Center will be constructed, is not only the capital of Indonesia but also its center of economy, industry, trade, and logistics. It is responsible for 12% of Indonesia’s GDP.
The SEED Blockchain Center is located in the heart of Golden Triangle, the city’s central business district on the Sudirman Street.
It is also at the station area near the MRT (Jakarta Urban Railway) scheduled to open in March, 2019, and the station of the existing BRT (Express Bus System). It is also located at a key position where the Commuter Line from Soekarno-Hatta International Airport and the Express Line join.
The total farming quantity for the first energy farm of the SEED Blockchain Center is 200,000,000 SEED, and the Intent to Participate Form can be filled out starting August 1.
The seeded SEED’s harvest period is from August 22, 2019 to August 22, 2024, a total of 5 years, during which 20% of the SEED principal and ZERA equivalent to 12% of total farming quantity will be paid in accordance with the market price at the time each year. Providing a high harvest rate to SEED farmers, this farming is an event, prepared by SEED to provide more benefits and harvest to pre-farmers who have been interested in and supportive for the project since its beginning.
Shin Young-geun, CEO of SEED, said, “SEED has been preparing for this first energy farm for the last three years. Using blockchain technology, it offers individuals with small capital an opportunity to participate in large-scale development projects that only organizations or large corporations could do. It also improves the environmental awareness of the public and confirms the beneficial functions of blockchain technology.”
More detailed information can be found on SEED’s official website after 4 p.m., August 1. The information includes POSCO Management Research Institute and CBRE’s Jakarta, Indonesia real estate analysis documents, as well as the official land prices for 2016 regarding the construction site of the SEED Blockchain Center. In addition, by publishing the official documents related to land registration, such as orders from the Indonesian Supreme Court, transparency and credibility is also confirmed.