Dimitra Technology is a global blockchain-based AgTech company that works with governments, farming cooperatives, ag corps, NGOs, and for-profit organizations to help smallholder farmers globally. ^[1][2]

Overview

Founded in 2019 by Jon Trask, the Dimitra platform allows users to generate detailed dashboard reports, track farming activities, and receive recommendations for better decision-making. It is built on blockchain technology in conjunction with mobile and machine-learning algorithms to guarantee farmer anonymity, ensure enterprise-level data security, and facilitate secure track-and-trace. ^[3]

Dimitra’s Deforestation Compliance Module and features like crop performance bring an all-around performance-enhancing solution to farmers across the globe. ^[3]

“Every smallholder farmer, regardless of economic status, should be able to benefit from simple, beautiful and useful technology [...] because when farmers thrive, economies thrive.” - the team shares^[1][3]

In July 2022, Dimitra partnered with Ocean Protocol, a decentralized data exchange platform and marketplace to help develop the next generation of agricultural solutions using data from the Connected Farmer Mobile Application. The partnership was done to help connect anonymous aggregated data sets created through the Connected Farmer Application to the people who need them most. ^[11]

How it Works

The technology partners with governments to make the platform available to large farming groups or associations. This often is white labeled in the country’s brand prior to being delivered to the farmers.

The farmers are then incentivized with “Dimitra points’’ to record their farming information on the platform. The more the farmers use the platform, the more points they accrue. As they reach a certain point threshold, the farmer is then able to transfer their points into the DMTR token and buy ecosystem services like sensors, getting a soil specialist or a drone specialist to help improve the conditions on their farm. Or the farmer can transfer their DMTR into another crypto and off-ramp into their local currency. The utility of the token drives the ecosystem, and the more it gets used the better it is for the price. ^[4]

Dimitra Token (DMTR)

Launched in September 2021, the Dimitra Token is implemented as an ERC-20 fungible token based on OpenZeppelin's secure contract templates. The Dimitra Token is designed as an internal currency linked to an off-chain points program within the Dimitra Ecosystem, serving as a medium of exchange and store of value within this circular economic system. ^[5][6]

"The most important use of the DMTR token is to enable external funding of agricultural economics and to provide growth capital for developing the Dimitra Platform on a larger global scale." - the team stated^[5]

DMTR has a total supply of 1,000,000,000 tokens with 20% reserved for the Team, Founders, and Advisors. ^[7]

Utility

The Dimitra Token is utilized as a catalyst to accelerate the growth of the “Connected Farmer” platform. Dimitra has solved many of the challenges related to the integration of Blockchain, with Mobile, and Machine Learning technologies. Together, these integrated technologies, economically driven by the Dimitra token, will empower the economic growth of smallholder farmers worldwide. ^[5]

The Dimitra Token provides "Operational Grants" to support software regionalization, third-party software development, infrastructure, and training. The platform will be licensed to government ministries, NGOs, and farmer associations, providing smallholder farmers with free access to the "Connected Farmer Platform." This platform offers advanced technology and data-driven insights to improve crop yields and livestock health, aiming to enhance the farmers' economic conditions. ^[7]

The Dimitra Token derives its value as a direct result of its utility within the Dimitra Ecosystem and is designed to connect efficiently within the Dimitra Platform. It mirrors a shift toward open token networks wherein users create and derive all intrinsic platform value through thoughtfully engineered economic incentives. The token’s valuation growth becomes an enabler to the ecosystem and naturally incentivizes farmer participation. ^[5]

Staking

Staking with Dimitra Tokens allows participants to earn passive income and enhance token value over time. This mechanism provides competitive incentives and ensures a secure network environment. Network operators and stakers generate income by processing and approving transactions on the Dimitra network, contributing to its stability and security. ^[8]

Funding

In August 2022, Dimitra received a $20 Million capital commitment from GEM DIGITAL LIMITED to develop Dimitra’s platform further, increase user adoption, and expand the utility of the ecosystem. ^[9][10]

“We are proud to be working with GEM DIGITAL as a key long-term strategic partner and are grateful for their financial commitment, supporting the long-term vision of Dimitra in becoming the Operating System for Ag-tech. Furthermore, this GEM DIGITAL commitment allows us to instill further utility into the ecosystem and further integrate the Dimitra token (DMTR) into the functionality of the ecosystem” - founder Jon Trask said^[10]

The release of the Dimitra Token generated $6.5M in 2021, catalyzing the growth of the Connected Farmer platform. ^[12]