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Topic: [ANN] [ICO] BananaCoin - World's first blockchain option for banana plantation - page 55. (Read 105036 times)

member
Activity: 98
Merit: 10
I think this project is interesting, but I need to get more into the topic before investing

It's worth hurry, there are only 10 days left before the end of the pre-ICO

Yes, I have a few questions about this project. If the Banana Coin is supported by the cost of bananas, then can the fall in the price of bananas affect our tokens?

The bigger question for me is how Banana Coin is linked with the cost of Bananas?
The company is attracting 3 000 000 USD not to grow 3 000 000 bananas and sell them for the market price, but to expand the existing plantation. One more thing is not clear for me - the company says that actually the average price for a finger lady bananas recently is around 3USD. And that the token is linked to the market price. Does that mean that they or someone else are going to be ready to buy my tokens for the market price of bananas by the day of purchase?

I really love the project and already invested some money, but these topics are not clear at all.


Let me clear these things. I got answers for all of them)

We attract money to expand land. To develop 100 hectare land we need $2 034 456,62.

The plantation of 100 hectares, sown with bananas of the «Finger Lady» variety, brings revenue from the sale of the crop in the amount of 4.520.000 USD for one harvest, providing that the price of 1 kg of exported organic fruit is 1 USD.

For effective plant growth it is recommended that the distance between the holes where saplings of bananas are planted is no less than 1.82 by 1.52 meters, it gives us about 3 616 bushes per one hectare. We get 361 600 bushes for 100 hectares.

Every «Finger Lady» bush gives 12.5 (twelve-point-five-tenths) kilograms of export organic crop (unsuitable fruits are cut) and if the price is 1 USD per 1 kg and there are 361 600 bushes on a plantation of 100 hectares the income from their sale is 4.520.000 USD.

Token is linked to 1 Kg bananas. And price varies up to 3.5 USD.

The period of full fruit ripening, starting from planting, usually takes 8 months from the moment of placing the plant in the soil. Banana is a perennial plant (up to 9 years), after harvesting the most powerful shoots from the main plant are selected to form the plant for the next crop. The main trunk is cut, the weak shoots are removed. The period of fruit ripening from the second cycle is 5 months.

The investment offer formed by our team is based on the price of 1 USD per 1 kg.

Pls, check our Business Plan

https://bananacoin.io/plan/

Thank you for a detailed answer and wish you success with your amazing project!
sr. member
Activity: 840
Merit: 250
Bananas for a banana republic! Grin

Constantly scroll this joke in my head Grin

To be honest, China is perhaps the most stable and solvent country. The Chinese market is incredibly lucrative. So it is far from banana republics

A Banana republic, it's usually a very lucrative country. Very lucrative for the governor and the rich people...

But I am with you, China it's not a banana republic.

Just a republic that loves bananas very much
full member
Activity: 430
Merit: 228
Bananas for a banana republic! Grin

Constantly scroll this joke in my head Grin

To be honest, China is perhaps the most stable and solvent country. The Chinese market is incredibly lucrative. So it is far from banana republics

A Banana republic, it's usually a very lucrative country. Very lucrative for the governor and the rich people...

But I am with you, China it's not a banana republic.
sr. member
Activity: 840
Merit: 250
By the way, I would not consider Vietnam as a serious competitor. The country is vulnerable enough to natural disasters
sr. member
Activity: 840
Merit: 250
Was not it about China and bananas? Why is Japan and apples suddenly being discussed?

As far as I understand, Japan is the next promising market after China. If the project is successful, developers can supply bananas to Japan. As for apples - again, if the project is successful, other fruits can be grown.

It seems to me that there is too much "if", but the project is really interesting and ambitious

Thank you!

I really thought that I was wrong with the topic.) By the way, expansion is a great idea. Let's see how it works out

It seems to me that this should work, even given the competition in the region.
sr. member
Activity: 490
Merit: 252
I just put my honestly earned money. I do not regret a bit about it. Yes, maybe this project will not bring crazy profits, but it will not go at a loss. Most likely, the profit will be, but not too much, I understand it well.
sr. member
Activity: 490
Merit: 250
Bananas for a banana republic! Grin

Constantly scroll this joke in my head Grin

To be honest, China is perhaps the most stable and solvent country. The Chinese market is incredibly lucrative. So it is far from banana republics

I understand this perfectly. He studied white paper, and, perhaps, would have made an investment. However, I have certain questions to the development team. What about competitors in this area? It can not be that there is only one banana plantation in Laos

I do not know about plantations in Laos, but Laos's main competitor in supplying bananas to China is Vietnam. But, as far as I know, Vietnamese do not do such an ICO, so the competition will not be so significant
sr. member
Activity: 329
Merit: 250
Bananas for a banana republic! Grin

Constantly scroll this joke in my head Grin

To be honest, China is perhaps the most stable and solvent country. The Chinese market is incredibly lucrative. So it is far from banana republics

I understand this perfectly. He studied white paper, and, perhaps, would have made an investment. However, I have certain questions to the development team. What about competitors in this area? It can not be that there is only one banana plantation in Laos
sr. member
Activity: 602
Merit: 250
Bananas for a banana republic! Grin

Constantly scroll this joke in my head Grin

To be honest, China is perhaps the most stable and solvent country. The Chinese market is incredibly lucrative. So it is far from banana republics
sr. member
Activity: 329
Merit: 250
Bananas for a banana republic! Grin
sr. member
Activity: 602
Merit: 250
By the way, why not grow bananas in China? In the south there is a good enough climate + cheap labor. Why Laos? There are certain links with the authorities?

LOL

Bananas for China, grown in China? It is unlikely that it will be profitable. It will be purchased almost at cost price
sr. member
Activity: 602
Merit: 250
as a developer wants to tie natural events that cannot be 100% correct and predictable to crypto coino that depends entirely on other levers? For the most part, agriculture is a lot of manual, physical labor and how are you gonna get with the technology of the blockchain???

Now there is an ICO campaign on any topic. So the question of the appearance of an agricultural coin was a matter of time.

As for events that can not be predicted, agriculture takes into account all these natural phenomena. From this side, there is nothing to fear
sr. member
Activity: 406
Merit: 251
had to laugh when i saw ad for this  Cheesy revolutionizing bananas on the blockchain!

This is just one way to raise money, that's all. There is nothing revolutionary here)

ok mr. serious. so just: bananas on the blockchain!

still funny  Cheesy

full member
Activity: 396
Merit: 110
as a developer wants to tie natural events that cannot be 100% correct and predictable to crypto coino that depends entirely on other levers? For the most part, agriculture is a lot of manual, physical labor and how are you gonna get with the technology of the blockchain???
sr. member
Activity: 602
Merit: 250
Do you have a signature campaign? I probably missed it
sr. member
Activity: 602
Merit: 250
By the way, you have already translated white paper? I have a couple of familiar translators in Chinese

I think you're a little late with this proposal, pre-ICO ends in a week
sr. member
Activity: 490
Merit: 252
By the way, you have already translated white paper? I have a couple of familiar translators in Chinese
sr. member
Activity: 490
Merit: 250
And yet, why not try crowdfunding? Still, this is quite unusual for ICO

I dont know, because of popularity? This is an unusual sphere of application, I dont argue, because the ICO campaigns are held for something high-tech. But nevertheless this project seems interesting to me even with such a simple idea

I would like to listen to the opinion of developers on this matter. I understand their fears about project control, and yet crowdfunding here could work. Maybe I'm just too suspicious
sr. member
Activity: 490
Merit: 250
And yet, why not try crowdfunding? Still, this is quite unusual for ICO
sr. member
Activity: 490
Merit: 250
Bananas for China. Considering that the Chinese government banned ICOs. They might not feel to happy with a Crypto that depends on the Chinese fruit market to make money. Looks interesting nonetheless.

The developers are going to supply bananas to China, not crypto currency. Can the Chinese government prohibit the supply of bananas grown with the help of ICO?

no way they can ban it

they got great negotiations with Laos

China invest a lot into Lao economy

Really? It's soothing. It turns out that the Chinese themselves are investing in the economy of Laos, so it is not profitable for them to block the supply of Laotian goods?

Yes, it is. They dont have any interest to ban Laos.

This is good news. In this case, there is more trust in the project
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