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Xtralarge Farms unveils first Agric Digital Currency “Xtratoken”, AgriTech City

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Xtralarge Farms unveils first Agric Digital Currency “Xtratoken”, AgriTech City

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The Xtralarge Farms on Wednesday in Lagos unveiled Nigeria’s first Agriculture Digital Currency known as the Xtratoken and its Xtralarge Agritech City.

The Chief Executive Officer of Xtralarge Group, Seyi Davids, said at the unveiling that the introduction of the digital currency was meant for the exchange of goods and services within the Agritech City.

Mr Davids said that the Agritech City, established on 3,000 acres of land in Ogun, would harbour universities and schools, travel and tours, homes and properties, natural health centre and microfinance bank among others.

“The Xtratoken is what the entire Xtralarge group refer to as the generation next. It is the money to be spent within the Agritech City.

“The city has come with a change of apparel for agriculture in Nigeria and Africa as a whole. A farmer must be able to live well, be successful, live a dignified life and be respected in the society.

“This will ensure Nigerians, especially youths will love to embrace farming. The Agritech City is where all manner of farming activities and projects are executed with the aid of advanced technology and machines.

“Agritech City is a technology driven city to attract the youth who want to see how good agriculture is and that is what prompted the establishment of the city,” he said.

According to Davids, the city will be fully an automated organic farm and made ready in June 2021.

He said that agriculture was the future of Nigeria’s economy and should be made competitive which was why people under the Xtralarge were together to empower more people in the food network of the country.

The News Agency of Nigeria (NAN) reports that a buyer can hold a minimum of one token which costs 100 dollars and a maximum of 100 tokens costing 10,000 dollars.

Some of the members of Xtralarge farms expressed their excitement that over the years, they had enjoyed financial freedom and empowerment.

NAN reports that an outsider who wishes buy a token can do so via the website www.xtratoken.com.

Speaking on behalf of the members, Dr Jane Akuezue, noted that she ventured into the Xtralarge family and after her first investment went back and asked to do more investments because the firm was prompt in payment of returns.

NAN also reports that the firm launched one of its products, Wonder Meal, a flour made from organically produced unripe plantain and local rice.

Also, some Nollywood actors, Saheed Balogun and Mide Martins were introduced as the brand ambassadors of the Wonder Meal product. (NAN)

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