Up till now, non a whole lot to live honest. But that’s all changing amongst the FoodCoin Ecosystem launch. In a nutshell, the FoodCoin Ecosystem is a solution based on the Blockchain engineering that provides foodstuff together with agricultural products. These products are sold online on the M EcoFarms platform, bridging the gap betwixt farmer together with consumer.
In addition, due to the global fascination amongst choice currencies together with equally a number of growing involvement from users to facilitate payments amongst digital coins, the platform took a massive pace forwards together with implemented tools that permit customers to pay using Bitcoin, Ethereum together with Litecoin. The fellowship volition also launch its ain cryptocurrency based on the Ethereum Blockchain
The actual FoodCoin (FdC) is a digital currency amongst the official 1st stage sale lawsuit taking house inwards November. There is all the same a pre-sale event inwards progress at the moment. So What is the FoodCoin Ecosystem (FCE)?
At its core, the FCE is an ecosystem for nutrient together with agriculture businesses. It’s been designed to practise a global marketplace, specifically for nutrient together with agricultural products, to live implemented on the M EcoFarms platform.The fellowship differentiates itself from the contest past times basing its activities on the blockchain technology, exploiting all the advantages that it has to offer, including lower costs together with the work of smart contracts.
The terminate finish of the fellowship is to practise a trading platform for all things related to nutrient that volition contain the diverse parties inside the selling together with buying cycle, all nether i roof. This includes the actual farmers together with consumers, banks together with insurance companies, fifty-fifty internal revenue services together with customs for international trade.
One of the biggest driving forces that led to establishing the FoodCoin Ecosystem, together with the creation of the FdC, is to cut down costs associated amongst producing, distributing together with buying farmed foods together with agricultural goods.
Putting smaller, local farms inwards straight contact amongst local independent businesses (coffee shops, restaurants, etc.) has a twofold advantage.
It supports the local farmers, putting a greater percent of the profits inwards their pockets, helping them to buy the farm sustainable together with compete amongst bigger, mass-producing establishments.
For local businesses on the other hand, this way getting high-quality nutrient together with products at a bully price. And because of the versatility of the M EcoFarms platform, the products are non only for sale to businesses, but available to private families equally well.
The M EcoFarms Platform
The M EcoFarms platform enables local farmers to practise what large corporations pick out been doing for decades: that is to sell their products online to a global marketplace.
It’s available to businesses equally good equally private customers together with is the showtime online nutrient marketplace that allows its users to transact using digital currencies.
And the concept has together with thus far been real successful.
It’s a working marketplace amongst to a greater extent than than 4,000 registered users together with 650 active sellers, distributing over 1,500 dissimilar agricultural products.
The number i finish is to back upwards local farmers past times bringing their products into contact amongst the local community, promoting the work of sustainable farming techniques together with protecting the volatile ecology.
For buyers this way getting locally produced, high-quality nutrient together with products, at a reasonable cost that has non been artificially inflated for only using the give-and-take “eco” on them.
There’s the additional practise goodness of forming lasting relationships amongst the actual farmers that hit your food, important y'all know precisely where your nutrient is coming from.
1000 EcoFarms pick out also launched 2 charities that draw upwards amongst its essence beliefs, i.e. Stop Hunger and Donate to Farmer that supports struggling families together with struggling farmers respectively. All inwards all, M EcoFarms is a unique together with forward-thinking platform that champions the increment inwards local economies on a global scale past times using modern techniques.
The Launch of FoodCoin
The FCE volition live launching its ain digital currency called FoodCoin (FdC). The cryptocurrency is intended for work equally an additional payment pick on the M EcoFarms platform together with volition assistance to cut down transaction costs.
While the official ICO is laid to come about inwards Nov 2017, the presale lawsuit of FdC started on the 23rd of August 2017 together with has picked upwards important involvement inside the showtime few days.
More than 1,700 participants already took share inwards the event, raising to a greater extent than or less US$ 3.1 million. With the lawsuit lasting for 2 weeks together with opened upwards to everybody, there’s saltation to live a whole lot to a greater extent than involvement inwards the coming days.
Initially, FoodCoin volition live based on the Ethereum-blockchain. However, the fellowship has much larger ambitions together with plans to work the funds from the initial crowd sale to practise together with implement their ain blockchain on which the FoodCoin volition function. The finish of this is to cut down or fifty-fifty eliminate transaction costs inside the FoodCoin Ecosystem.
Buying groceries together with foodstuff online is non a novel concept. However, putting consumers inwards straight contact volition local farmers through a global marketplace is unique together with powerfulness bear witness to live revolutionary.
Apart from supporting local farmers, businesses together with economies through modern solutions similar blockchain together with digital currencies, the FoodCoin Ecosystem connects people on a personal degree that’s becoming increasingly uncommon inwards an indifferent global ecosystem.
This is a sponsored story.