Food prices looking bullish but we need one thing just

Mauser

hero member

Activity: 1974

Merit: 534

Quote from: 325btc on May 17, 2022, 01:07:46 PM

Food prices are bullish prices soaring but not to waste good bull run we need coins like:
Potato wheat corn ....and exetra...so if you hold that coin and price goes up you earn nice profit.

Also its good that food prices going up as im investor of food futures so at least i earn yield of high food prices but i hope there will be coins begged to wheat or other foods

Looks like you are positioned very well for the next few months. Unfortunately most people are not holding any food coins or futures. Rising food prices hurts the average Joe the most, they need to pay higher bills in the supermarket while their savings are eaten up by rising inflation. That's also my issue why I am against rising food prices, we don't need higher inflation right now. The economies are already hurting enough from the covid pandemic aftermath. Even if some of us are making big profits, the fallout could be worse. Crypto currencies would be one good solution against the rising inflation, but with the Terra Luna crisis on top, investors are very cautious about adding more cryptos.

laredo7mm

hero member

Activity: 1498

Merit: 537

Quote from: 325btc on May 17, 2022, 01:07:46 PM

Food prices are bullish prices soaring but not to waste good bull run we need coins like:
Potato wheat corn ....and exetra...so if you hold that coin and price goes up you earn nice profit.

Also its good that food prices going up as im investor of food futures so at least i earn yield of high food prices but i hope there will be coins begged to wheat or other foods

Is that only me or there are others who have a hard time understanding what you are saying sometimes!

I see you are talking about crypto that is related to food production. I have already seen some projects like these but those were mostly related to food supply chain distribution not to direct production. Those were highly unsuccessful attempts to tokenize agricultural sectors but I am sure if you research enough then you will find some project that still exists.

Moneyprism

member

Activity: 454

Merit: 10

to be honest most of the tokens backed by commodities like corn, etc., that i know don't last long in the market... most of them end up being scams and being abandoned by the developers.. instead of investing in tokens like this, it's better to invest directly to agricultural companies on the stock market

325btc

jr. member

Activity: 224

Merit: 5

Quote from: d5000 on May 17, 2022, 03:04:06 PM

That does already exist. I know Agrotoken, but there may be more.

They have tokens for soybeans (SOYA), wheat (WHEA) and corn (CORA) and are using different altcoin chains (Ethereum, Algorand ...). It's meant for agricultural producers of these goods who can receive coins if they agree to use their production as collateral. The management of these tokens is however totally centralized.

However, I think the price is already high, so while a further increase is possible it will be much less profitable than it was if you bought these tokens some months ago.

Nice one

ajochems

hero member

Activity: 1305

Merit: 511

Food prices was the worrying one in most of the trading places. By making the reason of economic crisis, most of the food items vendors increased the price of the food items was unacceptable one. They have to think like a human, because human know the human feelings. The rest will only the money oriented person. And it’s impossible to get the people as like our own concern and feelings.

Hydrogen

legendary

Activity: 2562

Merit: 1441

Quote from: 325btc on May 17, 2022, 01:07:46 PM

Also its good that food prices going up as im investor of food futures so at least i earn yield of high food prices but i hope there will be coins begged to wheat or other foods

How would it be implemented.

I think it would be necessary for food commodities coins and tokens to produce the food items they issue tokens for. If they issue a token for corn, they would need to grow and produce corn to balance the supply side of the equation. With the token issued guaranteeing the holder exchange for a set quantity of corn.

It would be a token intrinsically backed by commodities. Similar to what venezuela proposed with their oil backed petrol token. Like a gold standard except substituting food for precious metals.

Its a good idea.

Another format might be to plant a set quantity of food items for every token sold. To elevate production and attempt to reduce existing prices.

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

I think centralised futures are probably better to rely on (ie commodities on exchanges) - you're paying them a fee to maintain the peg so it's a bigger incentive.

Most stablecoins have problems maintaining their pegs during volatility and I think commodity backed ones will be even worse without some sort of arbitrage.

d5000

legendary

Activity: 3906

Merit: 6249

Decentralization Maximalist

That does already exist. I know Agrotoken, but there may be more.

They have tokens for soybeans (SOYA), wheat (WHEA) and corn (CORA) and are using different altcoin chains (Ethereum, Algorand ...). It's meant for agricultural producers of these goods who can receive coins if they agree to use their production as collateral. The management of these tokens is however totally centralized.

However, I think the price is already high, so while a further increase is possible it will be much less profitable than it was if you bought these tokens some months ago.

325btc

jr. member

Activity: 224

Merit: 5

Food prices are bullish prices soaring but not to waste good bull run we need coins like:
Potato wheat corn ....and exetra...so if you hold that coin and price goes up you earn nice profit.

Also its good that food prices going up as im investor of food futures so at least i earn yield of high food prices but i hope there will be coins begged to wheat or other foods

Topic: Food prices looking bullish but we need one thing just (Read 110 times)