Bananacoin is blockchain project aiming to achieve a core modification of the global banana production industry, similar to how Uber has revolutionized the taxi industry or how Upwork has brought freelancing to a new level. In short, the initiators of the project create processes in the production of organic bananas through the implementation of an economic element in the seemingly completely understood export relations of the product.
Bananacoin is using the proven TGE crowdfunding model, allowing backers to participate in the expansion of production and become holders of Bananacoin tokens (BCO), which can be exchanged after project launch for goods or funds and are expected to more than double in value in 18 months’ time.
After the realisation of the project, Bananacoin tokens will be exchangeable for a certain amount of Lady Finger bananas or equivalent monetary compensation. Because the token is backed by the market value of 1 kilogram of bananas, participants can be certain of the success of the project, as the demand for bananas is constant. Furthermore, Lady Finger bananas are considered to be among the best banana varieties, and the environmentally friendly technologies used in our project ensure that the good will remain an attractive participation and that its price will grow constantly.
– Multi-blockchain architecture. «Bananacoin» will emit tokens on all main blockchains, depending on market demand and development of new blockchain platforms.
– The system is decentralized. The commodity exchanges will be the basis of this alternativefinancial system.
– Protection from inflation. Currencies based on the commodity value are connected to the market value of bananas. Over the past 7 years, the price of 1 kg of bananas has been increasing by 4-10% per year. Therefore, tokens in comparison with the fiat currencies are well protected against inflation and they historically demonstrate extremely low volatility in comparison with other financial assets, such as gold.