AgriDex

AgriDex is a London firm that helps farm goods get sold and paid for across borders. It runs a marketplace for crops and a payments tool called Loam. Both pay sellers in stablecoins, which are crypto tokens tied to the dollar, so the money does not wait days on a bank wire.

This is the crypto project with the AGRI token on Solana. It is not Agri-Dex, the crop spray additive sold by Helena.

Farmers, traders and buyers use AgriDex to agree a deal and get paid, mostly in and out of Africa. The firm now writes its name as Agridex. Its website lists 34 markets and 22 currencies, and says a trade settles in two to four hours.

What is AgriDex crypto? How a trade settles on Solana

AgriDex settles a trade by moving the payment as a stablecoin and writing the deal to Solana. When the platform launched in 2024, each finished deal was secured by minting an NFT that recorded the key details of the sale, CoinDesk reported. The NFT works as an on-chain receipt for the trade.

The first live trade shows how this plays out. In July 2024, Oldenburg Vineyards in South Africa sold olive oil and wine to a buyer in London through AgriDex. Each side paid a fee of 0.15%, which came to about £5 in total, and the money arrived in seconds, according to The Block.

You will see little of this as a user today. The AgriDex risk notice says settlement "may use stablecoins or other digital asset infrastructure in the background". When we read the homepage in November 2026, its own copy did not mention Solana, NFTs or the AGRI token. Solana appears there only in the titles of linked press stories.

Loam by AgriDex: stablecoin payments, fees and markets

Loam is the AgriDex tool for sending money across borders, and it now has its own site. You pay in from your bank. Loam turns the money into USDC, a dollar stablecoin. The other side is then paid out in its own local money. The Loam site says a payment settles in about five seconds on average, works 24 hours a day, and covers 35 markets.

Loam launched in April 2025 for farm trades. It was built on Solana and charged fees below 0.5%, The Paypers reported. By February 2026 AgriDex put the cost below 0.2%, per Capital FM. The Loam site has no public price list. It says you see the fee before you confirm a payment.

The USDC side runs on Circle's tools. AgriDex uses Circle Mint to move between local money and USDC, and Circle Wallets to let users hold, send and receive USDC, Circle said in September 2025.

Loam has also grown beyond farming. Its site now pitches to banks, payroll firms, payment firms and insurers. Disrupt Africa called Loam a "neobank product" for commodity trade in March 2026.

In February 2026, AgriDex teamed up with Tradeflow Capital Management, a trade finance fund manager. Tradeflow plans to use Loam to send trade loans into Kenya and other African markets, Capital FM reported.

AgriDex marketplace: crops, farmland and markets covered

The AgriDex marketplace links growers with buyers abroad, who trade with each other directly. AgriDex says it has moved 100,000 tonnes of wheat, 20 million litres of olive oil and 45,000 tonnes of sugar. Those figures come from its own website, and we could not check them on-chain.

Most of the listed markets are in Africa. They include Kenya, Ghana, South Africa and Zambia. The list also covers the UK, the euro zone and Singapore.

AgriDex has sold farmland as well as crops. In March 2025 it settled the sale of a farm in Zambia for $165,000, per crypto.news. Its users include the wine maker Oldenburg Vineyards and the trading house Parrogate, per Tech.eu.

AgriDex token (AGRI): supply, airdrop, claim and price

AGRI is the AgriDex token on Solana. It has a maximum supply of 1 billion and launched in early December 2024.

The token was sold on the Gate.io exchange that same month at $0.065 each, per CoinCodex.

AgriDex first planned to airdrop 5% of the supply to users. It cut that to 2% at launch and moved the rest to a fund for growing the platform, The Block reported at the time.

We found no live airdrop to claim. The AgriDex and Loam sites, as we read them in November 2026, carry no token or claim page. Treat any "AgriDex claim" link you are sent with suspicion.

The token was pitched as a reward for trading on the platform. AgriDex also said it would spend half of its profits on buying back and burning AGRI, per an earlier report by The Block from May 2024. We found no public record of any buyback.

AGRI has lost almost all of its value. It peaked at about $0.18 in the days after launch and has since fallen more than 99%, per CoinMarketCap.

We make no price prediction. The price widget on this page shows where it trades now.

Who AgriDex and Loam are for

AgriDex suits firms that sell farm goods across borders and lose time and money to bank wires. A wine or coffee seller in Kenya or South Africa with buyers in Europe is the typical case. Loam widens that to any firm that sends money in or out of emerging markets, such as a payroll firm.

AgriDex is built for businesses rather than private people. Every organisation on Loam must pass KYB, a "know your business" check, before it can send or take out funds. Loam is also closed in some countries.

If you hold AGRI, or are looking at it, keep the token and the firm apart in your mind. The current sites do not ask you to hold AGRI to use Loam or the marketplace.

Is AgriDex safe? Audits, custody and AGRI token risks

AgriDex has no public security audit. CertiK Skynet lists no audit by CertiK or anyone else, and no bug bounty. We could not find any Solana program address or source code published by AgriDex. That means you cannot check who can upgrade its on-chain code.

Loam holds your money for you. Balances sit in USDC "in wallets that we maintain with our custody provider", the Loam site says. Loam is not a bank, and no deposit protection scheme covers your balance. You are trusting AgriDex, its custodian and USDC itself. The AgriDex risk notice warns that a stablecoin can lose its value or become unavailable.

The token has its own risks. AGRI is very thinly traded, so even small orders can move its price. The AgriDex and Loam sites no longer promote the token, and the promised buybacks are unconfirmed.

Most of the trade and cost figures quoted for AgriDex come from the firm. Treat them as claims.

AgriDex funding, founders and Companies House record

AgriDex is led by Henry Duckworth, its co-founder and chief executive. He first worked as a trader at Trafigura, per Disrupt Africa. Russell Duckworth is also on the board, per Companies House.

The firm raised $5 million in an early round led by Endeavour Ventures, which it made public in May 2024. Portal Ventures led a second round of $4 million late that year, per The Block.

In June 2026, Launch Africa Ventures bought a stake for a sum that was not made public, per Launch Base Africa. Launch Africa lists AgriDex among the firms it backs.

Loam is run by Agridex Limited, a firm based in London. Its Companies House record shows it was set up in February 2021 and is active.

The AgriDex Foundation lets charities and aid groups send money into Africa through the platform. They pay no fees.