Anyone can take part in the production, sale, and purchase of African agricultural products with InventoryClub, a South African-based digital platform for agricultural marketing.

Africa’s agricultural sector has enormous potential, but it also confronts several obstacles, such as a lack of basic infrastructure and access to energy and irrigation. By developing the agricultural value chain holistically, the continent will be able to realise its potential for self-sufficiency.

To tackle the challenges; InventoryClub is interconnecting the African agricultural value chain to improve food security, boost productivity, increase stakeholder value and reduce post-harvest loses by operating 6 stokvels. A Stokvel is a type of credit union in which members agree to contribute a set amount of money to a communal pot once a week, twice a week, or once a month. Such a system is commonly referred to as a rotating savings and credit organisation (ROSCA), which is a group of people who agree to join together for a set period of time in order to save together.

There are similar financial systems in other countries than South Africa. They go by the names Chama in Swahili-speaking East Africa, Tandas in South America, Kameti in Pakistan, Partnerhand in the West Indies, Cundinas in Mexico, Ayuuto in Somalia, Hui in China, Gam’eya in the Middle East, Kye in South Korea, Tanomoshiko in Japan, Pandeiros in Brazil, and Susu in West Africa.

InventoryClub’s stokvels are formed with the goal of providing royalty financing to African agricultural opportunities that will help grow the members pooled funds. Members of InventoryClub’s digital stokvels can make contributions as little as R100 as a one-time payment or as frequently as the user likes, in contrast to traditional stokvels. Each year, members vote on the percentage of royalties they will get, with the remaining funds being utilised as working capital for the following year, or they can choose to leave the stokvel with all of their contributions and royalty payments. Each member is given a royalty in proportion to their stokvel contribution.

The general public will be able to engage in South Africa’s legal cannabis market from as little as R100 when InventoryClub launches its Hemp & Cannabis Stokvel on January 16, 2023. This lowers the entry barrier for anyone looking to enter the lucrative medical cannabis market in Africa, which is expected to be valued at $7 billion by the end of 2023. The Hemp & Cannabis Stokvel will infuse much-needed cash into the South African market, and agricultural enterprises who satisfy the requirements for accessing financing can apply. Members of the stokvel can manage their portfolios and monitor the development of financed enterprises through the InventoryClub portal.

Terry Igharoro, founder of InventoryClub said “Our stokvels serve as a way for us (the people) to contribute to the building Africa’s agricultural value chain. Launching the Hemp & Cannabis Stokvel is a huge milestone that will open many opportunities for job, industry and wealth creation.”

To commemorate the launch, InventoryClub is providing a 10% bonus on first contributions to anyone who joins the Hemp & Cannabis Stokvel waiting list before January 16, 2023.

Want to learn more about InventoryClub and start exploring stokvel opportunities in agriculture? Sign up for free at inventoryclub.com. If you prefer a more interactive experience, register for an InventoryClub workshop at inventoryclub.com/workshop.

Notes to Editors:

For more details about the InventoryClub project, or to arrange an interview with Terry, please visit the website or email press@inventoryclub.com.

Contact

Zito

+27(0)616962545

press@inventoryclub.com

InventoryClub Is Launching a Digital Hemp & Cannabis Stokvel was originally published in agriiDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

Why Africa?

Sub-Saharan Africa has an estimated 100 million small holder farmers employing 60–70% of the population. Africa also holds approximately 60% of the world’s arable land, has the world’s youngest population and the largest free trade area in the world through the African Continental Free Trade Area (AfCTA) with trade commencing as of 1 January 2021. In spite of these key facts there are still high levels of food insecurity across the African continent with many countries falling short of food production by up to 50%. Africa imports an estimated $43 billion worth of food every year. Food insecurity is something that poses a real threat to the entire world and we believe that Africa holds the key to stabilising food security for both her as a continent and for the rest of the world. The African agribusiness trade finance deficit of approx $19 billion per year is a drop in the ocean in comparison to the entire crypto market cap. However, it’s not an issue that many have decided to tackle but it is something that InventoryClub has committed itself to resolving. A strong African agribusiness value chain benefits the world and safeguards the generations to come.

From Stellar Blockchain to Ethereum Blockchain

As part of our restructuring we decided to move from Stellar to Ethereum because the Ethereum ecosystem has a much larger community and is currently the no.2 blockchain in the world. We needed to ensure we were building on a protocol that gives us the ability to scale InventoryClub to meet the demand of the African agribusiness value chain. InventoryClub is an alternative finance platform with elements DeFi etched into our DNA so to us it was a no brainer to move to the blockchain with the largest DeFi economy.

Decentralised Cooperatives

We explored several models before deciding to run with a decentralised co-operative. When the solution finally hit us it was a no-brainer; the agribusiness sector has always operated with co-operatives making it easier for stakeholders to pull their resources together to conduct a variety of activities. Members are rewarded based on their contributions and benefit from the network effects of the co-operative such as lower buyer prices of inputs and greater access to markets. InventoryClub will be opening 6 co-operatives for its members, these are the Input Co-op, Off Taker Co-op, Women Agribusiness Co-op, Renewable Energy & Infrastructure Co-op, AgTech Co-op and Hemp & Cannabis Co-op.

Members are able to join any number of these co-operatives using their VNT tokens, funds and resources are deployed through our partners to the benefactors to carry out their agribusiness activities. At the end of each year members are able to vote how they would like the returns to be split. They can choose 50/50 split between working capital for the co-operative and member returns or 25/75 split between working capital for the co-operative and member returns or 75/25 split between working capital for the co-operative and member returns. Each member gets one vote and our smart contracts execute when specific criteria are met.

InventoryClub 2.0 Launch

Over the past year we have been working tirelessly to build out a new version of InventoryClub. We completely re-engineered the platform from the ground up implementing the lessons learned from our previous builds. We focused on keeping it simple, lightweight and inclusive. We are pleased to announce we will be going live June 30th 2021.

VNT Allocations

Public Tokens (40%)
To participate in the InventoryClub ecosystem members must have VNT. Holders are able to access our Co-operatives, P2P Inventory Finance Marketplace, the InventoryVault Blockchain and Agribusiness Intelligence.

Treasury (13%)
Our Treasury can be used to provide collateral and access liquidity pools for co-operatives.

Incentives & Rewards (17%)
Validators of the InventoryVault blockchain receive rewards for running nodes and validating transactions. Tokens will also form part of our affiliate marketing and referral programs.

Team (15%)
Team tokens will be locked for 18 months from the date the new platform goes live. Tokens allocated to team members will vest over a 5 year period with a certain allocation being released every year of full service.

Research & Development (5%)
We decided to allocate tokens to R&D to enable us to continue working on building out our technology stack and innovating agribusiness activities.

Advisors (5%)
We will recruit advisors that can contribute real value to our ecosystem especially for our co-operative verticals. Tokens allocated to advisors will vest over a 4 year period with a certain allocation being released every year of full service.

Reserves (4%)
We set aside reserves to enable us to meet any unexpected demand on the project.

Bounties (1%)
To enable us to grow our network, we allocated a small percentage to reward members for promoting the mission of InventoryClub.

Learn more about InventoryClub and join our community

website | twitter | facebook | instagram | linkedin

Announcing the launch of InventoryClub 2.0 was originally published in agriiDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

The world of technology seems to be moving forward at almost lightning speed. From the advent of cryptocurrency and blockchain to major developments in self-driving cars and the unveiling of 5G, it feels like technology is impacting the world in brand new, unheard of ways every other week. In fact, technology is having such an incredible impact, it is even grabbing and propelling industries not generally thought of for rapid pace changes and advancements — most notably Finance.

Fintech — which as it suggests is an amalgamation of Finance and Technology, contains a lot of very exciting buzzwords such as blockchain, AI, and machine learning. One of the primary directives of this conference, and something InventoryClub CEO Terry Igharoro will be speaking on, is demystifying what Fintech really is and how it will impact the future of people going about his/her daily life. Through founding and running a Fintech company (InventoryClub), Terry has developed a unique perspective to be shared on the future trends of Fintech.

At it’s core, InventoryClub is a Fintech company that focuses on redefining the commodities value chain. The commodities value chain is simply how commodities like coffee, coco, Shea butter, etc. get from the producers to the end-users. In the past, this process has been controlled by big business and involved lots of inefficiencies, which led to lots of produce waste as well as negatively impacting the livelihoods of producers. However, through the use of Fintech, InventoryClub is looking to turn this old process on its head, by creating an environment with systems that not only allow for producers to have greater control and sell more of their yield (less waste and more money equals positive impact on livelihood), but also allow for everyday people to participate in the process in a way that allows them to have a real, meaningful impact in the world.

Terry will be speaking about things such as a impact investing, competition vs. collaboration, cryptoassets and the future money, and how InventoryClub as a Fintech company is using each of these to build a future rooted in impact.

The event will be taking place on November 4th between 09:30 - 20:00 GMT at Barclays in Canary Wharf. If you’re interested in learning more about this event, click here to visit the FutureBanking Conference event page. Once there, you’ll be able to find out more details, such as other speakers, as well as purchase tickets for attendance. Also, be sure to check out FutureBanking’s website to learn more about their take on the Fintech revolution.

InventoryClub CEO Invited to Speak on the Future of Finance at the 2019 FutureBanking Conference was originally published in agriiDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

InventoryClub, a Commonwealth-focused trade finance application developer, is re-inventing trade finance in global trade, beginning with a platform to support a thriving trading community

The estimated $1.5 trillion deficit in the annual global trade finance requirement and complex trade flow systems are failing MSMEs in the world’s southern Commonwealth countries. It’s not that the capital doesn’t exist, it does. It’s become a question of freeing up the funding that’s locked-down behind intense regulatory and compliance requirements and redefining perceptions around trading with micro, small and medium-sized enterprises (MSMEs), particularly producers and manufacturers in South America and Africa.

Forming a vibrant ecosystem of distributed ledger technology (DLT) applications to manage product inventory warehousing, promote peer-to-peer member financing and encourage cross-border trade among businesses of all sizes in Commonwealth countries, InventoryClub has designed a platform and process for enabling financial inclusion and equity. Through the InventoryClub platform, smaller-scale producers and manufacturers have access to competitive markets and can accordingly set their own prices which are visible to members willing to finance their trade.

Terry Igharoro, founder and CEO of InventoryClub, is driven to solve the problems of global trade finance, to connect sellers from smaller Commonwealth states with buyers from around the world, while mitigating risk through the use of smart contracts. He clarifies:

“InventoryClub is bridging the $148 billion trade finance funding gap in emerging economies with our non-credit based peer-to-peer trade finance platform. Where the banks and global financial sector have failed MSMEs we believe the people will succeed. The African diaspora accounted for $66 billion in remittances to the continent in 2018 and its predicted peer-to-peer lending will reach up to $897 billion by 2024. The global commodities market is valued at approximately $30 trillion so we’re focusing our efforts on providing an alternative market to connect producers with merchants backed by global financiers, which in turn enables them to move up the value chain and claim a bigger slice of the pie.”

Access to Finance

Vital for the creation and continual growth of the economies of the world, access to finance can make all the difference to the traction a company gains within a market. Accomplished multinationals with firm track records tend to dominate as banks and venture capital organisations provide these large enterprises with diversified funding options while MSMEs find their prospects of accessing finance appropriate to their level of innovation and business size are severely limited. In particular, small businesses in emerging economies face more pronounced funding gaps than are found in well-developed countries. Many MSMEs do not have access to traditional credit options provided by banks and venture capital firms.

While in recent years, there was some improvement in the economic environment in which MSMEs operate, including their finding it a little simpler to access credit, banks have also modified their business models and adopted stronger credit selection criteria. Higher interest rate charges attach to MSMEs perceived as having higher risk profiles. Micro-enterprises, innovative startups and businesses based in rural or remote areas are among those who are commonly excluded from any formal sources of external finance.

Stronger Financing Structures

While trends head toward business environments with less credit, rigorous rules and regulations are on the increase. In this climate, it is ever more urgent to reduce the dependence of MSMEs on borrowing as a model, and to replace this with evergreen capital structures that improve the resilience of emerging economies. Along with alternative finance instruments, better trade finance models that lower perceived risks and improve opportunities for gain by all parties involved in a transnational trade are on the rise. Allowing a seller to set his own price, financial backers and traders who fairly connect buyers to sellers to obtain satisfactory marginal profits and a buyer to pay a price he is prepared for, one that is standardised by a competitive market.

While some MSMEs in emerging Commonwealth nations have improved access and availability to alternative financial instruments, many are averse, for example, to losing equity to obtain it. Building a system for trade finance on a decentralised blockchain, where identity data, inventory data, shipment tracking and the tracking of individual products from one geophysical location on the globe to another are all possible, has the potential to simplify the cumbersome paper-based systems that are the legacy of international trade, provide full provenance data and render transparent the finance and pricing structures within an industry.

Digital and Financial Inclusion

Emerging economies in smaller member state countries such as those in Africa and South America that have sufficient infrastructure to access DLT solutions, which provide a frictionless money-transfer experience backed by an ecosystem that supports effective trade across borders, may benefit from InventoryClub’s platform and process for ensuring widespread digital inclusion. DLT’s promise of cost reduction increases margins while the consequential nature of the trust structures inherent in smart contracts and the decentralised ecosystem allows members to back trades that they may not have in legacy systems. Alternative valuation systems, inventory financing, and receivables discounting are a few of the mechanisms that may be made available to members within a digital trade finance community.

The development of DLT and blockchain solutions which counter collateral shortage and information asymmetries through innovation and which display a drive toward equity are proving a popular space for MSMEs to enter competitive markets with confidence. Through 2019, InventoryClub is progressing with growth of its InventoryClub platform for peer-to-peer financing, the ComodX marketplace and VNTPay applications, reducing barriers to entry for many MSMEs in the Commonwealth.

Terry Igharoro

Inventory Club
terry@inventoryclub.com

www.inventoryclub.com

twitter: @inventoryclub

First appeared on OpenAccessGovernment.org

Closing the Global Trade Finance Gap with Blockchain Solutions was originally published in agriiDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

What is Supply Chain Finance?

As worldwide supply chains extend over the globe with diverse groups of suppliers looking to meet demands for multinational consumers, companies are under more pressure than ever to unlock the working capital that is being trapped in their supply chain.

Supply chain finance is a set of alternatives that allow companies to optimize cash flows by enabling them to extend their payment terms to their suppliers while offering an early payment option for their large and small-medium size suppliers.

This puts the buyer and the supplier in a win-win scenario. The buyer is able to optimize their working capital, while the supplier receives extra cash flows for operations. This minimizes the risk across the supply chain.

How Does Supply Chain Financing Work?

Supply chain financing is utilized to improve payments between organizations and their suppliers. Supply chain finance arrangements can be actualized in different ways.

For instance, a supplier is expecting to receive a large order request and needs to create the necessary inventory can utilize supply chain financing. This arrangement enables them to buy the materials required to meet their buyer requests and development goals.

There are two main ways supply chain financing happens — Supplier financing, which a form of pre-delivery financing, and Reverse factoring financing, which is a form of post-delivery financing.

Supplier financing

Supplier financing is a type of supply chain financing that enables producers and merchants to purchase raw materials (or completed goods) so as to build up an inventory or satisfy large requests. It works by partnering with a supply chain financing company that grants you trade credit, and it acts like a middleman between your business and your supplier.

At whatever point you need to purchase raw materials/goods, you submit a buy request to the supply finance company instead of your suppliers. Orders will be placed to you suppliers on your behalf. Additionally, the payments necessary will also be handled.

When your supplier gets the buy request, they produce and convey the merchandise to you. The funding company pays your supplier and issues a receipt to you. The receipt from the production network account organization is payable on net credit terms (ordinarily 30 to 60 days).

Supplier of financing Advantages.

Supplier financing has a few favorable circumstances over different arrangements. The most significant one is that it is a pre-conveyance financing apparatus. It tends to be utilized to fabricate stock and develop your organization. Moreover, it doesn’t meddle with your current financing. The network does not have to document a lien on your advantages.

In conclusion, in contrast to different arrangements, customers don’t have to do anything for your sake. It’s accessible to any little and average size assembling organization or item provider that meets the capability prerequisites. Company with incomes as low as $2 million dollars a year can qualify.

Supplier financing drawbacks

The arrangement has a few constraints and isn’t for everybody. It works just for organizations that can be credit safeguarded. On the off chance that your organization can’t be credit protected, you won’t qualify. Additionally, this arrangement encourages you just with the expense of crude materials and completed merchandise. It doesn’t give help to cover different costs.

Reverse factoring

The most widely recognized organization of a supply chain financing arrangement includes utilizing an item called “switch calculating.” In an ordinary figuring course of action, an organization looks to improve its budgetary position by selling its records receivable to a considering organization. This course of action is very basic and is accessible to numerous organizations.

A turn around calculating arrangement works to some degree uniquely in contrast to the manner in which an ordinary considering course of action works. A huge organization (e.g., Company An) enters an invert figuring concurrence with a store network fund organization. The production network money organization at that point intermediates the records receivable procedure for this organization.

Traditional switch considering arrangements permit providers of the huge organization (Company A) to get an early installment on their net-30 to net-60 solicitations. The provider pays a little charge for this administration. The turn around calculating organization at that point gathers the receipt from the huge organization (Company A) when it develops.

Reverse Factoring Advantages

From a provider point of view, turn around calculating has a few focal points. It enables the provider to get early installments for solicitations due from their client. Clearly, early installments can improve their income.

Furthermore, the expense the supplier pays to get the early payment is aggressively evaluated in light of the fact that the expense is to a great extent controlled by the business financial soundness of the huge customer. This point is significant, as the enormous customer is probably going to have great credit, along these lines enabling its providers to pay a lower charge for the early installments.

Reverse factoring

Turn around figuring has various critical confinements. To start with, it is driven by the client (Company An, in the clarification). The client must get the turn around calculating project and should offer it to its providers — as an advantage to them (providers) for working with the customer. This program helps just those providers with installments from that client (Company A). It doesn’t assist providers with installments from different clients, except if they have their very own invert considering program.

Maybe the best confinement of switch calculating is that, much like considering, it tends to be utilized uniquely as a type of post-conveyance financing. You can get financing simply after the item has been conveyed and the receipt has been affirmed.

Conclusion

While traditional supply chain financing can afford a lot of benefits for a company, there are also some drawbacks as well. With InventoryClub, we are aiming to take some of the best benefits that come with supply chain financing and make it available for people who are just getting started in business — for the people who are often times left out because they are “too small”. In an upcoming post we will be discussing how we are using a new model to turn this on it heads, enabling everyday people who would like to get started in business to receive access to business-critical financing. Stay tuned.

Supply Chain Finance was originally published in agriiDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

Commodities are hard resources ranging from wheat to gold to oil. Since there are such a large number of commodities, they are typically cate into three noteworthy classes.

These classes are farming (agriculture), energy, and metals.

Agriculture items include:

Things you drink, for example, coffee, cocoa, fruit juices. These are known as the soft markets.

More examples include grains, wheat, soybeans, rice, oats, and corn.

Animals we eat for food such as cattle, pigs and chickens.

Then there are things you wouldn’t eat, such as cotton and wood.

The energy class incorporates unrefined petroleum, natural gas, and gasoline to name a few. In fact, commodities trading play a major role in setting the price of oil.

Metals incorporate mined commodities, such as, gold, silver, platinum, copper, and coltan.

How the Commodities Trading Market Works

The thing that determines the prices of all commodities is commodity trading. Thus, the costs of the most significant things you utilize each day are unstable. Things such as gasoline can even change from everyday.

Vendors exchange commodities on an open trade. That implies the costs change each day. This can be hard for the buyer, who must face price fluctuations in everyday items like gas, grains, and meat.

It particularly impacts less fortunate individuals around the globe, who must pay a greater amount of their limited income in order to meet food and transportation needs. It also makes farming as a form of livelihood much more risky.

It’s one motivation behind why the U.S. government provides agriculture subsidies to farmers.

The most noteworthy volume of exchanging happens in oil, gold and agricultural items. Since no one really wants to transport such bulk materials on a daily basis, they instead trade in future contracts.

These are understandings to purchase or sell at a settled upon price on a particular date. Commodities contracts are often evaluated in U.S. dollars. That implies that when the dollar’s worth goes up, it takes less dollars to purchase a similar amount of products. That makes commodity costs fall.

Commodities in Terms of Business

In business, commodities can be characterized as any goods or service that is purchased and sold entirely based on price. These include the traded commodities.

They can also include items that are not separated from others dependent on brand, advantages or other distinctive highlights.

For instance, Starbucks coffee is a branded product that gets incredible loyalty, and commands a more expensive price, because of its perceived differentiation from other coffee drinks. A low-cost store brand of coffee is more of a commodity since it isn’t vastly different from other store brands and is purchased fundamentally on account of its low cost, not its taste.

Commodities: What They Are and How the Trading Market Works was originally published in agriiDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

For the everyday person, getting started in the crypto world can seem about as practical as trying to learn to play piano using your feet (now doesn’t that sound like fun). In all seriousness though, why is it that getting involved in the crypto world for the first time can seem so intimidating?

So intimidating that you still haven’t gotten involved despite reading countless articles talking about the revolutionary financial opportunities that exist with crypto? Maybe it’s because there aren’t many classes out there on this?

Sure, there may be some by internet “crypto gurus” claiming they’ll show you to become a crypto multi-zillioniare overnight by doing “this one easy hack” (just like they did, of course). But I don’t mean those guys (or gals).

There are tons of “how-to” articles out there, but do you really have the time read through enough of those to (hopefully) understand enough to actually get started, successfully?

Instead, wouldn’t it be awesome if you could just learn all you needed to know about the “the crypto world” from real people who know what they’re talking about, face-to-face? And have them help you get started?

Well here it is!

InventoryClub wants to make is easier than ever for you to get involved in crypto. We have been working incredibly hard to bring you the absolute best way for you to start off your crypto passive income journey, and here is where it begins. We are bringing you something that is the first of its kind — The VNTPay Crypto Popup Shop. The VNTPay Crypto Popup Shop is a brand new way for you to get involved in the cryptocurrency world.

Why a Popup?

You may be thinking, “Wow, that sounds pretty cool. But why a popup shop?”

Simple.

We wanted to make gaining access to Ventory (VNT), learning what you can do with it and how you to use it to generate passive income, as well as other aspects of stepping a foot into the crypto world as simple and accessible as possible.

Who’s It For?

So how do you know if this is for you? Well, to make things simple, here’s how to know if the VNTPay crypto popup shop is for you.

The VNTPay popup shop is for you if:

1. you want to get involved in the crypto space and would like some hands-on help in learning everything necessary to successfully get started.
2. you’re intrigued by the idea of learning how to use crypto technologies to create passive income in a minimal-risk way, using only your disposable income.

When and Where?

The VNTPay Popup Shop will be opening on 12th December, and will be located in Brixton, London — UK. Come down and check us out at Brixton Mall 422 Brixton Road, London SW9 7AY. And be ready to learn exactly how you can get involved in a peer-to-peer revolution that is set to change everything!

For more info on how VNTPay is looking to shape the future of digital payment in this article

(Introducing VNTPay|The Future Digital Payment Wallet)

You can also learn more about VNTPay by heading over to vntpay.co.

VNTPay Crypto Popup Shop was originally published in agriiDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

The first of its kind in the area, a new VNTPay pop up shop is opening at the new Brixton Mall at the beginning of December. In the latest initiative from InventoryClub, the shop will give customers the opportunity to purchase the Ventory (VNT) cryptocurrency to finance business proposals or purchase footwear on Commwea.

Ventory (VNT) is the primary source of funding for the InventoryClub trade financing ecosystem, which aims to assist low income families to generate a second income and reduce unemployment across the Commonwealth by enabling its citizens to access financed inventory from a global membership of financial backers. It was created by tech entrepreneur Terry Igharoro, who has presented Fat several high-profile global blockchain conferences during 2018.

Terry explained the purpose of the pop-up shop:

“Our aim is to make it easier for people to get the concept of cryptocurrency — with the public coming to the store, it will make it more understandable. They’ll learn first-hand how Ventory (VNT) tokens makes a difference in people’s lives; now anyone in the world can get profitable returns by helping someone else.”

Visitors to the shop will be able to purchase Ventory (VNT) tokens over the counter with their tokens being deposited into their VNTPay wallet instantly. The VNTPay wallet enables members to:

• Hold Ventory (VNT) and Stellar Lumens (XLM) securely within the app
• Send and receive VNT and XLM between VNTPay wallets for free
• Add multiple wallets
• Buy VNT within the app using XLM and soon with a debit card
• Trade VNT for XLM on the Stellar Decentralized Exchange (SDEX) within the app

COO Daniel Braham said,

“Sometimes the only way you’ll know if something will work is by trying it out. We had an idea which as far as we know had never been done before, so the only thing left for us to do was to test the concept. We believe we are onto something great by opening the first of potentially many VNTPay pop up shops, and we are looking forward to sharing our growth.”

As part of the VNTPay pop up shop launch VNTPay are giving away £500,000 worth of Ventory (VNT) tokens to visitors of the pop shop during December 2018.

Further details about VNTPay can be found at https://vntpay.co.

InventoryClub Launches VNTPay Pop Up Shop: The UK’s First Crypto Pop Up was originally published in agriiDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

However, despite this amazing development, the InventoryClub team took only a brief moment to celebrate this project milestone. Almost immediately the team has gotten back to work on the latest developments to be made on the platform.

Another exciting development from the InventoryClub team is the launch of testnet — a testing environment of the entire InventoryClub ecosystem that gives new users the ability to explore the platforms.

(InventoryClub Launches Testnet)

If you are looking for a way to begin generating an income online, now is the perfect time to use InventoryClub to make that happen. Become a merchant to start earning an income selling products online with no start-up costs. Become a member to start investing in online businesses risk free.

Interested in becoming a merchant or a member?

Head over to inventoryclub.com to get started on your new online business building/investing journey today.

InventoryClub Accepts First Live Proposal! was originally published in agriiDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

Testnet was designed for the general public to get an idea of how the platform can be used to generate a personal income. Testnet allows you to become a merchant (if you are from the Commonwealth) or a member (globally) with InventoryClub. Testnet gives you a platform to practice how to grow your own successful footwear business on ‘Commwea’ if you sign up as a merchant or create passive income for any members who invest into a proposal.

The testnet environment allows you to test/play around with every aspect of the ecosystem, allowing you to get comfortable before tossing your hat in and joining the real thing.

After signing up as a member or a merchant, you can create or purchase proposals, view the product catalogs, manage your dashboard, see your products on the ecommerce store, and more. Essentially, you get to explore every facet of what you can do in the live version of the platform.

Testnet runs completely on its own. Therefore, you don’t have to worry about anything you do carrying over into the live platform. This gives you the freedom to explore the platform however you choose. For members, signing up gives you access to a personal wallet full of ‘testnet VNT’ for you to use to purchase testnet proposals. So, buy ten proposals for £5 each just to see how the process works. Or if you’re a merchant, create ten separate proposals and get a feel for crafting a winning proposal that gets funded. Then, once you’ve got the hang of things, head over to the live marketplace and begin your journey.

Click here to join testnet or go to testnet.inventoryclub.com.

InventoryClub Launches Testnet was originally published in agriiDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.