ICO date: 01.07.2018 - 30.08.2018
Industry: Ecommerce

Agrolot is a decentralized B2B platform that connects small agricultural businesses with consumers directly, saving up to 30% on what would otherwise go to middlemen.

How it works:

Agrolot focuses on large and small scale buyers on the agricultural market to link producers and consumers on one marketplace. The marketplace is blockchain driven, all transactions are transparent and safe due to using smart contracts.

The platform will use internal currency OFIR (Operative Food International Registration) as a means of payment. The currency is sold only internally, the price of 1 OFIR is 10 USD.

Sales are conducted in the form of live auctions. The company acts like a guarantor during the sale to ensure safety of a transaction. Logistics is also managed by Agrolot.

The company plans to create an agroholding with a land bank of 50,000 hectares somewhere in Ukraine. How this will benefit the platform is unclear, but it surely increases risks associated with the whole operation.


Agrolot doesn’t really introduce anything groundbreaking. It’s just a B2B marketplace with some blockchain in it. It may help the industry, but not change it.

The company’s decision to buy land and to produce crops wastes a lot of money from the budget and is potentially dangerous, as this kind of business is associated with high risks and low return rates.

Innovation score: Medium

Token value:

AGLT token is a security token. Token holders receive dividends that depend on revenue of the platform and the agroholding. It is not yet clear how big a part form the company’s income will token holders receive. We are in the process of acquiring that information.

Token value score: High

White paper:

The white paper Agrolot presents is not very informative. It only describes the concept of the platform, presents a market research and justifies building an argoholding in Ukraine.

White paper score: Medium


Up to this moment the company was only occupied with ICO related tasks. The development of OFIR currency and the platform itself starts in the third quarter of 2018. Start of the agroholding projects is scheduled on the same time. Even though Agrolot states that they have launched the site in the first quarter of the year, it does not look like the product they advertise right now. Currently it is a B2B listing without a purchase button.

The platform will be fully launched in the end of 2018. In the first half of 2019 the company will issue certificates of ownership to token holders and distribute the first dividends. In the seconds half of the year, Agrolot will continue developing the agroholding. How do they plan to do that and what is going to be done is unclear.

Roadmap score: Low

Business model:

Agrolot has two revenue streams, fees from the marketplace and their own agroholding. The agroholding is expected to reach a point of profitability in three years of operation.

A major drawback of this business model is that these revenue streams involve completely different strategies and take a lot of time and different skills to manage. Focusing on just one would be more beneficial.

Business model score: Low


The company’s CEO has virtually nothing said about him anywhere. The only thing that is known about him is that he founded a mediocre PR company in Ukraine. On his LinkedIn page, CTO mentions that he’s been in blockchain development for six years, but his words are not proven by the experience he has. His profile only mentions two jobs as a team lead in companies we were unable to find. Business Development Manager has no previous job experience, the man in charge of cybersecurity previously worked as a system administrator.

The advisory board includes a legal advisor from a Ukrainian consulting group, an advisor on digital strategy, who is a CEO of a small consulting company and an advisor on strategy, who is fresh out of a diplomatic college.

The team is not the best choice for the task at hand.

Team score: Low


The idea Argolot operates on could be beneficial for the industry in theory, but in practice, it is a B2B listing lead by a team of people who do not have enough expertise to succeed. They chase two business models, and will be defeated by those who focus on one.

Competitors score: Medium

Overall thoughts:

There’s all sorts of wrong with Agrolot. Ineffective idea, a terrible business plan and an incompetent team. Besides, their support team is not doing their best either, we had to wait a couple of days to have our questions answered, and still we could not obtain some information on ICO that was missing in the white paper.

Investing in Agrolot is not worth the risk.

Whitepaper: Whitepaper

Overall Score


2.7 / 5

Risk score




Pre-ICO start date: 20.06.2018
Pre-ICO end date: 29.06.2018


ICO start date: 01.07.2018
ICO end date: 30.08.2018
Hard cap: 23,000,000 USD


Ticker: AGLT
Token price in USD: 1


ICO Platform: No
Registration Country: Hong Kong