Cropyie aims to help farmers by quickly compensating them for crop loss at an affordable premium and to provide a platform for farmers to sell their products with confidence in their authenticity.
Plugin Dapp - CropyieCropyie maintains two funding pools: Investment Pool, formed by community investments, and Premium Pool, formed by policy purchase amounts.
Plugin Dapp - CropyieStakeholders include Cropyie Administrators, Investors, Farmer Producer Organizations (FPOs), Farmers, Distributors, Retailers, and Consumers.
Plugin Dapp - CropyieFPOs onboard farmers, create awareness, help with policy purchase, initiate claims for crop loss, and settle compensation in fiat.
Plugin Dapp - CropyieFarmers need to purchase compensation packages, reach out in case of crop loss, provide necessary documents for claims, and support the initiative by promoting it.
Plugin Dapp - CropyieUnclaimed premium amounts from the Premium Pool are distributed annually to community members based on their contribution to the investment pool.
Plugin Dapp - CropyieThe formula for rewards for community members participating in the investment pool will be decided and communicated later.
Plugin Dapp - CropyieThe Investment Pool ensures there is enough funding to compensate farmers quickly when a claim is approved.
Plugin Dapp - CropyieFarmers without technology access can purchase compensation packages through FPOs, who will assist in the process.
Plugin Dapp - CropyieFarmers should immediately reach out to FPOs or Cropyie, provide necessary documents, and support the claim process.
Plugin Dapp - Cropyie