intro to the website updates

Welcome to our Plaas blog.

We would love to appreciate the PLAAS community for the support and patience as we continue building the project to the desired standard.We intend to bring to you a platform of choice for farmers and anyone in the crypto space.

It has been a long time since we had a chat,I want to take this time to draw your attention to the stuff that has been happening with our project.We have a come a long way together in this journey of revolutionizing agriculture with blockchain.PLAAS is a project comes from the heart of a person who loves agriculture a lot  and having seen the challenges that farmers experience thought,why not find ways of making farming so easy and protect the farmer from price exploitation.

We have since been working to ensure that our objectives are met, hence the introduction of PLAAS FARMERS FUTURES.The Plaas Farmers Futures allows farmers all around the world to trade futures on their products(currently available in Botswana and Kenya only but will announce as more countries are added). I took the time to go to Kenya for a week to work with the team in nairobi to build the smart contract for plaas futures and to work with some farmers selling eggs,teaching them how the smart contract work and help set the first Plaas Farmers Future contracts.visit the website to check the contracts.

Contract bearer get the items delivered when contract closes. Pay 50% upfront, 25% mid-cycle and 25% before delivery date. the owner of the contract does not directly receive the items but they determine who gets the items using a unique shipment code.
1. **contract id on the blockchain**
2. **farmers value / selling price -** 80% farmers, 20% PNV(plaas validator node)
3. **contract state**
   * opening - when a farmer opens a new contract and anyone can close it. all opening contracts are validated
   * closing - when you buy a contract it remains closing until delivered
   * trading - when your contract is on re-sale before delivery
   * expiring - if you fail to pay, your contract expires and can be bought by anyone. you will loose initial deposit
4. **contract code**
5. **market value / buying price**
start closing a contract of your choice, by paying current owner
you will get a shipment code to unlock your contract upon delivery
#### Contract Definition
lets take a sample contract of just one egg, the farmer sells us an egg future contract at 8 PLS but the current market price of one egg is between 9 - 10 PLS.
future earning when the contract is closed can be calculated by
(9-8)/8\*100 = 12.5% per egg contract (low), (10-8)/8\*100 = 25% per egg contract (high)
although the contract owner does not get the actual items, they get a code that unlocks shipment upon delivery

Plaas  does not only operate as  Limited Proof Of Extinction platform for  commodity verification , data storage, tracking and validation but with the help of plaas futures contracts farmers and users are able to discover latest price via mobile alerts. More information about the fullfilment procedure will be made available as the tests continue

On the website as you click on Node we introduce to you another cool feature ,the PLAAS Hardware,the node validator .The plaas version 0.1 the Miche(pron. meechee) will feature an introduction of the extinction algorithm for validating farm produce.anyone can be a plaas node validator! a PNV uses an rfid enabled node, to scan and record commodity parameters as determined by the contract requirements

farmers cycle 
Each stock entry on the chain contains stock data and when successfully added, the node will reward the farmer with PLS Tokens. The farmer can redeem these tokens from the open market.

Farmer generates a unique stock ID for every item in stock. This ID should be attached to each animal using an RFID tag
The farmer keeps a record of these IDs securely. These will be used to reward valid shares that are submitted to the pls network

We offer the opportunity to build your own Miche by simply following the instruction on Plaas git. You will require an RFID enabled IOT kit, for example,the intel IOT dev kit for edison or the raspberry PI 3.To contribute to the  plaas Miche developments,kindly join our git by following this link

Are You a PLS holder?, follow our blog for our next article on how to do the PLS token swap to ERC777!

Happy Blockchain Farming

how to swap PLS erc20 to erc777

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