Tillage Foundation

1. Introduction to Rice Mill

A rice mill is a facility that mills harvested rice after drying it for about a day.

2. Revenue analysis

In the case of a typical rice mill with a processing capacity of 5 tons per hour, 100 million won of cash, equivalent to the price of 75 tons of rice (1,875 bags of 40 kg), is dropped into the mill. 1 billion is the standard investment capital.

Monthly sales profit is 26.46 million won. And the monthly sales and management costs are 23 million won including electricity, transportation, and sacking and labour costs (4 people). In this way, the monthly operating profit excluding sales and administrative expenses is 3.46 million won.

Therefore, you can expect a monthly rate of return of 3.5% compared to 100 million won in invested capital for the month.

If you drop 100 million won in cash in the next month, the same rate of return is calculated.

With a processing capacity of 5 tons per hour, this mill has a processing capacity of 880 tons per month.

According to the table, since 75 tons of rice were processed 6 times, 450 tons of rice were processed, resulting in a utilisation rate of 51%.

This is an annual average, and fluctuations in the utilisation rate during peak season starting in August and other times are inevitable.

3. Investor Protection

The price of the $TILL token is primarily protected by buying back $TILL token from the foundation as a profit of the project. In the second way, it is used to indicate the display means of Crops NFT, which is the standard of value calculation. Finally, it is defended threefold through land collateral. This is collateralized by the land on which Crops NFT crops are actually grown and produced.

Since NFTs, which are digital assets linked to physical assets, are valued based on the $TILL token, the objectivity of the Crops NFT price ensures the lowest level of the $TILL token price. In other words, NFT and FT ($TILL token) guarantee each other.

We guarantee the stability and price of the $TILL project by providing land collateral for the required amount of the project.

4. Land Collateral Example

In order to secure the stability of the TILLAGE project, which is being carried out through the issuance of Crops NFT, a total market capitalization of 80 billion has been secured, and registration is established between the business entity and the domestic corporation entrusted with the foundation in the form of third-party collateral.

Delegated corporations that are creditors are listed in the registration as the first priority creditors.

However, the specific address or setting documents will be disclosed after the Crops NFT issuance deadline.