Ploughshare, previously known as CowDAO, is a project based on the SRWA protocol aimed at providing alternative finance solutions to farmers in New Zealand amidst the decreasing bank support in the AgTech sector.
Ploughshare focuses on addressing the finance challenges faced by farmers in New Zealand due to banks' tightening terms and dwindling support in the AgTech space. By leveraging the Radix network, the SRWA protocol, and a network with proven real-world traction, Ploughshare positions itself as a viable alternative for farmers seeking financial support.
The project is deeply rooted in principles of sustainability and has plans to transition to a decentralized, DAO governance model. By partnering with subject matter experts, Ploughshare looks into the potential of acquiring orphan technologies and ensuring sustainability, focusing specifically on organic, non-GMO, pasture-based animal agriculture.
Lending and Borrowing
Initially, Ploughshare aims to introduce a straightforward DeFi style of lending and borrowing. However, it plans to diversify into traditional finance models over time. There is an ongoing exploration of a more extended term, mortgage-based loan offering with fixed interest rates and monthly installments, given its familiarity among most of Ploughshare's clientele.
Ploughshare Token ($MOO)
The Ploughshare token, represented as $MOO, plays a multifaceted role in the project:
- Fundraising: During the token sale.
- Reward System: For contributions to the project and for utilizing specific project features.
- Governance: Serving as voting power within the DAO for project decision-making.
Detailed information about the Ploughshare Tokenomics remains in the development phase. Regular updates can be found in the Tokenomics section. Peak developmental activities related to the Ploughshare token are projected for Q2-Q3 2023.
Ploughshare has already secured its early-stage funding, which is expected to catalyze its growth via investment rounds and the sale of Ploughshare tokens.
The tokenomics of Ploughshare remains a work in progress. Preliminary models suggest a fixed supply approach, but this may undergo changes leading up to the private sale investment round.