What is Agrichainx, Agricoin and Agricnode
Agrichainx claims to have a noble aim – to digitize agriculture in Africa to ensure food security and empower small farmers.
Agrichainx wants to achieve these goals thanks to blockchain technology. The medium of exchange in Agrichainx is the cryptocurrency Agricoin (AGN).
Agricoin can be held and transacted via a decentralized wallet called Agricnode. Agricnodes act as nodes in Agrichainx and supposedly will earn passive income to their owners.
In order to run an Agricnode, you have to deposit a collateral. There are eight different packages, from Bronze to Whale. The minimum deposit is $4 and it allegedly will earn you a $5 daily return for life (or $150 monthly for life).
The highest package is called Whale, it has a minimum $4,000 deposit and it is supposed to earn you $5,000 daily or $300,000 monthly for life. All packages have a 11 month lock period.
But can you trust it, is Agrichainx legit?
Agrichainx scam
The sad reality is that Agrichainx is a scam. You should not invest in Agricnode nor buy Agricoin. In this review we explain why.
Impossible profits
The first thing that clearly says that Agrichainx is a scam is the investment packages. Because they all promise more than 100% daily returns on your investment for life. Which is absolutely impossible in any legit business.
You simply can’t generate even 1% daily profits in any legit business, so 100% daily is so absurd that everybody should know that only scams can offer something like this.
Yes, we know, many people don’t want to hear this, but it is the truth and it really is that simple to uncover the real nature of Agrichainx, Agricnode and Agricoin. It’s a scam because it promises absolutely impossible returns.
Does Agrichainx even exist?
Agrichainx is supposed to be a blockchain in which you can run Agricnodes and earn passive income by facilitating transactions. But we found no trace of a real blockchain with this name.
Even the blockchain explorer on the Agricnode website is not working, it is returning an error, but it seems to be dead, transactions are happening only once a few days.
What’s more, Agricon (AGN) is not traded anywhere, so if you receive it, you won’t be able to sell it on any real exchange.
There was a different Agricoin (AGCMN) released back in 2017, which is listed on Fine Box, but it has a daily volume of only about $150. Which means that even if have this older coin, you can’t do much with it, because there is no liquidity.
It seems that the current Agrichainx is trying to feed on that older version, but it’s a scam. Should it work as advertised, you would see a vibrant ecosystem with a public blockchain, a lot of transactions, and above all, many users, like farmers, who would be using it.
But there is nothing, Agrichainx has no real form, it is just a fraudulent project made to take money away from people.
You can’t believe the node statistics shown on the Agricnode official website. The AGN price certainly is not $2,400 like they say. AGN is worth nothing, because it is not traded on any real exchange.
How Agrichainx works
It’s crystal clear that Agrichainx is a scam. Now, we don’t say it can’t be paying. It might pay out some profits and run as a Ponzi scheme.
What is sure is that there is no real business behind it. So if any payouts ever occur, it will just be a redistribution of money, deposits from newer members will be used to pay older members. That’s how Ponzi schemes work and that’s why they always collapse in the end.
Fraudsters who run Agrichainx and Agricnode will probably use the fake Agricoin to keep their scheme running as long as possible. They will pay you in AGN and claim it has a high value. So you will be holding AGN with a high theoretical value and there is the 11 month lockup period.
During that time you might see wonderful profits on your Agricnode account, but once your AGN is unlocked, you will see that you can’t do anything with it, that it has no value in the real world, that in reality you have no money, just a worthless coin that they were lying to you about.
This is a scam scheme pioneered by Bitconnect, creating a native coin means for a scam that it can run for longer. Because it creates this illusion of a valuable token and people who hold it think they have real money. But they don’t. The whole thing is just a house of cards that will crumble when people who built it decide to pull the plug.
Agrichainx review – Conclusion
Agrichainx is a scam, Agricnode is a fraudulent scheme and Agricoin (AGN) is a worthless coin. Stay away from this fraud if you don’t want to lose money.
If you want to invest in legit cryptocurrencies, do it with a regulated company. You can try everything on a free demo account.
Before investing real money you have to be sure that you understand the risks so that you will not regretting at the end.
