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 says a trade settles in two to four hours.

How AgriDex settles a trade 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 a receipt for the trade. It does not track the goods on their journey.

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". The homepage we read in October 2026 did not mention Solana, NFTs or the AGRI token in its own copy.

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 and that it 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.

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 and 20 million litres of olive oil. 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.

AGRI token: supply, Gate.io sale and airdrop

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.

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 in the weeks after launch and has since fallen more than 99%, per CoinMarketCap. The price widget on this page shows where it trades now.

Who AgriDex is 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 firms, so you cannot sign up as a private person. Every firm on Loam must pass KYB, a "know your business" check, before it can send or take out funds. Loam is also closed to 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 controls 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 thinly traded. In October 2026, CoinMarketCap showed only a few dollars of trades a day. 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 company record

AgriDex is led by Henry Duckworth, its co-founder and chief executive. He used to trade commodities at Trafigura. Russell Duckworth is executive chairman.

The firm raised $5 million in a first 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, chaired by David Campbell OBE, lets charities send money into Africa through the platform with no fees. AgriDex says 5% of its profits go to the foundation.