Well, until this day, there was no resemblance between them, but this thing is about to change, thanks to the new FoodCoin Ecosystem. FoodCoin Ecosyst
Well, until this day, there was no resemblance between them, but this thing is about to change, thanks to the new FoodCoin Ecosystem. FoodCoin Ecosystem functions like any other cryptocurrency and it’s based on a Blockchain technology. However, this solution is meant only for agricultural and food products, which can be traded directly on the 1000 EcoFarms platform. This cryptocurrency is designed to enhance the trade between the consumer and farmer, ensuring a fast and reliable transaction.
Considering that alternative currencies are very popular nowadays and that many people are using Bitcoin, LiteCoin or Ethereum, the platform allows its customers to pay with these digital currencies as well. In the nearest future, the company is expected to launch a new cryptocurrency, similar to the Ethereum Blockchain.
The First stage sale of FoodCoin (FdC) will take place in November, but this cryptocurrency is already available for pre-orders.
What Is the Purpose of FoodCoin Ecosystem (FCE)?
FCE is designed like a perfect ecosystem, which enhances the agriculture and food businesses. Its purpose is to develop a niche marketplace, dedicated to agricultural and food products. Its infrastructure is impressive and there is a dedicated 1000 EcoFarms platform, where these products can be traded. Despite other companies, 1000 Ecofarms uses the Blockchain technology, granting lower costs for its users and a more facile use of smart contracts.
In the future, this company plans to create a major trading platform, dedicated to all food and agricultural products. This way, all the parties involved in the trading process will find themselves under the same roof, and we will be in direct contact with: buyers, farmers, insurance companies, banks, customs for international trade or internal revenue services.
One of the biggest advantages of using the FoodCoin Ecosystem is the reduced cost. By trading here, the farmers, buyers and distributors will avoid any additional costs, and will be able to close their deals in a safe business environment. Also, the local farms will be in direct contact with smaller enterprises ( restaurants, coffee shops, mini-markets, etc.) and won’t have to close the business through a middle-man. This is a perfect way to support the small producers, increasing their profits, making their business more sustainable and putting them in a fair competition with bigger enterprises.
Local businesses will benefit as well from this platform and will be able to receive high-quality products for an advantageous price. Because we are dealing with a very versatile platform, 1000 EcoFarms is also available to individual consumers, who can benefit from the same conditions.
The 1000 EcoFarm Platform gives everybody an equal chance, and provides a global marketplace even for the small producers. The service is available to anybody, and even if you are a private individual or represent a business, you will be free to trade here. And of course, this is the first online food/agricultural market that uses digital currencies as a trading mechanism.