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