SoilCoin (SOIL) is a cryptocurrency built on the Ethereum platform, designed to support decentralised applications (DApps) and smart contracts. It operates on a decentralised blockchain, serving as both a digital currency and a platform for executing programmable computations. SOIL uses the Dagger algorithm, enabling the creation and deployment of smart contracts and DApps at a lower cost compared to other platforms like Ethereum. The native token, SOIL, is divisible into smaller units called DUST (1 SOIL = 100,000,000 DUST), and it functions as the "fuel" for executing computations on the network.

The platform aims to create a decentralised, community-managed ecosystem where stakeholder input drives system evolution. Decisions regarding the platform’s development are made democratically through a "one SOIL, one vote" system, allowing SOIL holders to vote on proposals and updates.

SoilCoin is primarily designed to serve as a platform for hosting and executing smart contracts and decentralised applications (DApps). Its main use cases focus on supporting industries related to agriculture, environmental technology, and renewable energy. By leveraging blockchain technology, SOIL aims to provide decentralised solutions for these sectors, enabling automation, cost reduction, and improved security.

Key applications include:

• Smart Contracts and DApps: Developers can create and run applications on the SOIL blockchain with lower costs compared to similar platforms.
• Automation in Agriculture: SOIL targets the agricultural industry by supporting precision farming methods and automation technologies, addressing increasing food demand and environmental concerns.
• Renewable Energy Management: SOIL facilitates the automation and decentralisation of renewable energy operations, enhancing the efficiency of energy generation and distribution systems.
• Retail Integration: Plans were in place to allow SOIL to be used for purchases in online and physical retail stores, particularly in garden supply and seed retail sectors.