Name : LandX Finance (LNDX)
LNDX Price : $0.02600 +1.37%
Consensus Mechanism : Token
Volume: 89,719
Market Cap: 363,757
Shariah Judgement
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Shariah Status :
Last Screening: Q2 2024
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Overview
LandX is a decentralized protocol that connects farmland owners with crypto investors through blockchain-based perpetual commodity vaults on the Ethereum blockchain. Farmers commit their land's crop share via a lien, receive xTOKENs, and sell these tokens to investors for upfront capital. The xTOKENs represent a right to a perpetual annual yield of the crop, paid out daily in cTokens, which can be converted to USDC. Validators facilitate the onboarding process, ensuring legal and economic compliance. This system helps reduce food scarcity by providing farmers with capital and offering investors exposure to real farmland assets.
Whitepaper & Documents
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