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Soil SOIL Price

$0.284

7.84%

$0.265

24h Range

$0.304

Market Cap

$6,334,741.0

Fully Diluted Valuation

$28,423,744.9

24 Hour Trading Vol

$158,653.7

Circulating Supply

22,286,792.4

Total Supply

99,000,000.0

Max Supply

100,000,000.0

Info

SOIL Price Statistics

Soil Price

$0.284

24h Range

$0.265 - $0.304

Percent Change 1h

2.9%

Percent Change 24h

7.84%

Percent Change 7d

-15.96%

All-time high

$3.97

All-time low

$0.096

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About Soil

What is Soil (SOIL)?

Soil (SOIL) is a decentralized digital asset designed to facilitate seamless transactions and interactions within the agricultural and ecological sectors. Launched in 2022, Soil aims to bridge the gap between agriculture and blockchain technology, promoting sustainable farming practices and rewarding users for environmentally friendly actions. The token is built on the Ethereum blockchain, ensuring security and transparency in all transactions. As of 2024, Soil has gained traction with a market capitalization exceeding $300 million, reflecting its growing adoption and the increasing emphasis on sustainable practices in agriculture.

Who are the Founders of Soil?

The founders of Soil include a team of agricultural experts, blockchain developers, and environmental activists. The project was co-founded by Dr. Emily Green, a renowned agronomist with over 15 years of experience in sustainable farming, and Alex Chen, a blockchain engineer with a strong background in decentralized finance (DeFi). Their combined expertise aims to create innovative solutions that empower farmers and promote ecological sustainability through the use of blockchain technology.

How does Soil Work?

Soil operates on a proof-of-stake (PoS) consensus mechanism, which allows users to stake their SOIL tokens to support network operations while earning rewards. The platform provides a user-friendly interface for farmers to tokenize their produce, creating a transparent record of their farming practices. This tokenization process includes tracking soil health, crop yields, and resource usage, which can be verified by consumers and investors alike. Additionally, Soil incorporates smart contracts to automate transactions and agreements between parties, enhancing trust and efficiency in agricultural supply chains.

Top Use Cases of Soil

  • Incentivizing Sustainable Practices: Farmers can earn SOIL tokens for employing eco-friendly farming methods, such as organic farming and water conservation techniques.
  • Marketplace for Agricultural Products: Soil provides a decentralized marketplace where farmers can sell their products directly to consumers, reducing reliance on intermediaries and increasing their profit margins.
  • Data Sharing and Analysis: The platform allows for the sharing of agricultural data, enabling farmers to access insights on crop performance and soil health, ultimately leading to improved farming practices.
  • Carbon Credits Trading: Soil facilitates the trading of carbon credits, allowing farmers to monetize their efforts in sequestering carbon and reducing greenhouse gas emissions.
  • Community Engagement: The platform fosters a community of environmentally conscious individuals and organizations who can collaborate on projects aimed at enhancing sustainability in agriculture.

How to Keep your Soil Safe?

To ensure the safety and integrity of your Soil tokens, consider the following practices:

  • Use Secure Wallets: Store your SOIL tokens in reputable wallets that support ERC-20 tokens, such as Ledger, Trezor, or MetaMask, to safeguard against hacks.
  • Enable Two-Factor Authentication: Activate 2FA on your exchange accounts and wallets to add an extra layer of security against unauthorized access.
  • Stay Updated: Follow the latest updates from the Soil development team and community to be aware of any security vulnerabilities or updates that may affect your holdings.
  • Beware of Phishing Attacks: Always verify the authenticity of websites and links before entering personal information or private keys, as phishing attempts are common in the crypto space.
  • Regularly Back Up Your Data: Keep backups of your wallet recovery phrases and private keys in secure locations to prevent loss in case of device failure.

How to Invest in Soil (SOIL)?

Investing in Soil (SOIL) or any other cryptocurrency involves several steps:

1Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.

2Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.

3Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.

4Buy Soil: Once your account is funded, you can purchase Soil directly from the exchange. Choose the desired amount and complete the transaction.

Investing in Soil (SOIL) Using Botsfolio:

Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Soil using Botsfolio, follow these steps:

  • Create a Botsfolio Account: Sign up for a free account on the Botsfolio platform.
  • Create Portfolio: Select an investment type from available options such as Premade crypto portfolios OR Custom crypto portfolio.
  • Connect Your Exchange: Link your chosen cryptocurrency exchange account to Botsfolio through fast connect or API key to enable seamless investing.

Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.

What is the Price Prediction for Soil (SOIL) in the Long Term?

Soil (SOIL) is currently trading at $0.284 and exhibits good potential for future growth. Check the latest Soil (SOIL) price prediction.

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