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!