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About Nelore Coin

Nelore Coin (NLC) is a distinctive token that strives to bridge the gap between the agricultural sector and the digital world. It is an agricultural business token that concentrates on cow production in Brazil, with several farms under its management. The token's value is intrinsically linked to the real-world profits generated from these farms. The transaction tax collected from NLC transactions is directed towards a Treasury account, which is then used to acquire or rent more farms in Brazil. This approach strives to create a stable value for the token that can withstand market fluctuations.

Nelore Coin operates on a unique model where the profits from the farms are used to acquire NLCs from the Liquidity Pool, typically on a monthly basis. The token operates on the Binance Smart Chain (BEP20). The process begins with the capitalization phase where fees are used to fund the company's acquisitions. Quality cattle are then purchased and taken to the feedlot for fattening over a period of 120 days. The fattened cattle are then sold to slaughterhouses domestically or through international exports. The profits from these operations are analyzed, and 30% of the profit is used to repurchase and burn tokens, thereby enhancing their value and increasing the currency's scarcity.

Nelore Coin aims to integrate the agricultural sector with blockchain technology. It intends to tokenize its Nelore cows through an internal NFT system and establish a marketplace for real-time transactions of multiple agricultural products. This would allow for the recording of immutable and trusted data onto the blockchain, such as the production, distribution, and sales history of every product. Additionally, Nelore Coin intends to establish a market on agricultural products in Brazil, partnering with the largest farmers in the country. This would allow users to speculate on the prices of various agricultural products.

Nelore Coin was founded by CEO Marcos Rodrigo and CFO Emerson Muller, both of whom have over 20 years of experience in the agricultural sector. Since its inception, Nelore Coin has successfully acquired two farms in Brazil capable of producing 20,000 cows on a total of 20 hectares of land. The team has grown to over 10 members and continues to expand. Nelore Coin is an agricultural token based in Brazil. It strives to manage more farms globally, integrating WEB3 features into the traditional agricultural sector.

Market

Portugal Market Stats

Market cap

€577,967.16

Volume (24h)

€265,026.58

Circulating supply

345.9M NLC

All time high

€0.0199

Price change (1h)

-0.43%

Price change (24h)

+2.77%

Price change (7d)

-0.28%

Portugal News about Nelore Coin

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BeInCrypto • Apr 30, 24

MicroStrategy Invests in 122 More Bitcoin, Totaling Over $15.2 Billion in Holdings

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The Defiant • Apr 30, 24

Moonbirds Soar as Yuga Labs Looks to Restore NFT Holders’ IP Rights

The floor price of the collection has increased by 30% in the past 24 hours.

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The Block • Apr 30, 24

Hong Kong’s spot bitcoin, ether ETFs see over $6.3 million in half-day volume upon debut

The trading volume of the newly listed spot bitcoin and ether ETFs in Hong Kong amounted to over $6.3 million during the morning session today.

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BeInCrypto • Apr 30, 24

Spot Bitcoin and Ethereum ETFs Debut in Hong Kong: Will It Outpace Its US Counterpart?

Hong Kong officially launches spot Bitcoin and Ethereum ETFs, available in multiple currencies on the HKEX.The post Spot Bitcoin and Ethereum ETFs Debut in Hong Kong: Will It Outpace Its US Counterpart? appeared first on BeInCrypto.

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The Block • Apr 30, 24

Hong Kong officially debuts Asia’s first spot bitcoin, ether ETFs

Six spot bitcoin and ether ETFs — managed by ChinaAMC, Harvest Global, Bosera and HashKey — officially debuted in Hong Kong today

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Nelore Coin is on the decline this week.

The price of Nelore Coin has decreased by 0.43% in the last hour and increased by 2.77% in the past 24 hours. Nelore Coin’s price has also fallen by 0.28% in the past week. The current price is €0.0017 per NLC with a 24-hour trading volume of €265.03K. Currently, Nelore Coin is valued at 91.61% below its all time high of €0.0199. This all-time high was the highest price paid for Nelore Coin since its launch.

The current circulating supply of Nelore Coin is 345,914,351.479 NLC which means that Nelore Coin has as total market cap of 345,914,351.479.

FAQ

What is the current price of Nelore Coin?

We update our Nelore Coin to EUR currency in real-time. Get the live price of Nelore Coin on Coinbase.

What is the market cap of Nelore Coin?

The current market cap of Nelore Coin is €577.97K. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Nelore Coin?

The all-time high of Nelore Coin is €0.0199. This all-time high is highest price paid for Nelore Coin since it was launched.

What is the 24 hour trading volume of Nelore Coin?

Over the last 24 hours, the trading volume of Nelore Coin is €265.03K.

What other assets are similar to Nelore Coin?

Assets that have a similar market cap to Nelore Coin include Dobby, Smooth Network Solutions Token, BemChain, and many others. To see a full list, see our comparable market cap assets.

How many Nelore Coin are there?

The current circulating supply of Nelore Coin is 346 million.

Can I buy Nelore Coin on Coinbase?

Yes, Nelore Coin is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy Nelore Coin guide.