Topic: [ANN] FoodCoin (FdC) - currency for business and social activity - page 34. (Read 40105 times)

How would you explain how it works to a common person on the street though, unfamiliar with blockchain?

Бoльшoe cпacибo!

We work this project thoroughly, addressing all legal represents, and unlike other projects, we do it at official level. Thank you for your support!

Thank you for your support! 

This project has been launched for few months now. I thought this is new project but good to know about this in time as in couple of weeks TGO is going to be launched. I will catch up with the achievements and progress by going through all the previous articles and updates available here.

Amazing, I just cant wait! 

Even better: you can trace it to the farmer who grew it and ask him anything you want to know!

Hi, absolutely, that's a good point and an advantage Foodcoin offers. There's a very interesting article recently appeared on Cointelegraph focused on Foodcoin and blockchain in agriculture, that can help to answer your question though I think the team spokesperson may give you more info:

"Implementing Blockchain into the production, certification and food processing steps creates transparency in an otherwise non-transparent system and allows consumers to support suppliers they choose. It is particularly relevant for organic and certified origin products.

Liz Reitzig emphasizes the importance of determining the origin of organic products:

    “If a farm is certified organic, or they want to emphasize a different kind of certification, they can use Blockchain to track products. Consumers want to know what they are buying, and Blockchain can offer that.”

Marcel Blankenstein, owner of Naked Organics, believes that origin information may be interesting for the user as long as it’s usable:

    “Blockchain in agriculture allows the consumer to scan the barcode of a product in the supermarket and instantly view the entire supply chain from supermarket to farmer. In terms of consumer orientated transparency. From a regulatory perspective, agricultural contamination can be very quickly isolated.” Read More: https://cointelegraph.com/news/growing-the-garden-how-to-use-blockchain-in-agriculture

Personally I believe this project is awesome and cant wait to see it in action!  

Can you also trace your food back to where it is grown with foodcoin?

No innovation? The 1000ecofarms / foodcoin duo is set up for massive success in the years to come! 1000ecofarms is the peer to peer local food economy platform (fucking innovative!), and foodcoin is an escrow token that will see massive demand as farmers can obtain access into cryptocurrency by selling their food. The first point of contact for millions will be FoodCoin.

It's supply is locked, and it's already has an engine to flush currency through buyers and sellers. It will likely become a savings account for many farmers who are seeing the USD plummet these next few years.

Plus, FoodCoin could also double down as an accounting service as it tracks all the transactions farmers currently write down as IOU's on paper!

Thanks Clif High for unlocking the massive potential of this coin to me very early.

We had to rename it due to some exchange already have this name taken. 1 FOOD = 1/100 FoodCoin, so it's more convenient to calculate the product and food price

The tokens will be transferable right after the TGE. KYC is necessary for buying tokens.

What about pre sale token holders ?
When tokens will be transferable?
And is KYC needed in order to transfer tokens to wallet even for presales holders ?

No sense of innovation in the name of this coin, it may be coin itself associated with food, landing feel difficult