Market capitalization of the APFC token
Dear clients,
as part of the agricultural land tokenization project through the APFC token, we hereby inform you that the current market capitalization (Market Cap) has exceeded the value of CZK 1.0 billion. Market capitalization represents the total market value of tokens in circulation. The amount of tokens in circulation (sale through the exchange or direct sale) is 56,821,261 pieces. The increase in market capitalization is determined by the growth of the token price while simultaneously increasing the number of circulating tokens.
You can follow the development of the APFC token market price on cryptocurrency exchanges at: https://coinmarketcap.com/currencies/apf-coin/ or https://www.coingecko.com/en/coins/apf-coin
According to the Whitepaper, the basic attribute of the APFC token is that the funds obtained from its sale are used to purchase agricultural land and to finance agricultural projects in the Czech Republic. The value of the APFC token is therefore correlated with the value of the agricultural assets owned by the APF GROUP. The value of the purchased assets simultaneously serves as cover and collateral for the APFC token.
Correlation of the development of the market price of the APFC token (source: CoinGecko) and the development of the total area of agricultural land owned by the APF GROUP (source: APF GROUP) for the comparable period of 2024.
This correlation represents a kind of "gold standard" of the agricultural land tokenization project. In our case it is defined as "VERDANT standard".
The VERDANT standard is expressed by the value of the agricultural assets owned by the APF GROUP and represents the coverage of the APFC token with real value. With this standard, we reduce the risk of price volatility, insufficient liquidity and the ability to meet all obligations in connection with the holding of the APFC token.
The indicated growth of the price of the token on cryptocurrency exchanges (secondary market) has a positive effect on the development of the APF GROUP's economy.
Preliminary financial results of APF DIGITAL AGRIFUND CR s.r.o. as of 8/31/2024, we published in a post on 9/17/2024. The preliminary results show changes in the amount of total liabilities, the value of equity and an increase in the operating result of the economy. The value of equity as of 31.8.2024 was 1,024,956 thousand CZK.
The expansion to other exchanges from the TOP 30 will continue until the end of this year and is important to support the use of APFC tokens by our fund APF GROUP EUROPE SICAV P.L.C., which will purchase the token as part of the investment strategy.
We will keep you informed about the further development of this project.
Thank you for your cooperation and trust.