Long before financial transactions took place, agricultural commodities dominated the heart of the old financial market. Wheat, rice, meat, exotic fruits, grapes and even salt were the wealth that was traded on the basis of exchange.
An example of how powerful this was is the word "salario", which comes from the Latin, salarium, which was how Roman soldiers were paid: with salt!
In the 19th century, modern future trading exchanges began to exist, with future transactions of purchase guarantees for grain crops. From these bags comes the term "stock". Because it was the way to stock, store grain, to trade and feed the population.
Today, future agricultural transactions are in the year 2027.
That is, until 2027, everything that has already been produced and what will be, is already commercially committed.
In the case of grains, the high or low is due to the weather, the super or sub harvests, in short, if the one who promised will deliver.
It is the oldest form of financial trading of a real asset.
In this context of digital finance, the tokenization of agro is increasingly discussed, which works as a securitization process.
The token is a digital contract that has representation in a real asset. For opportunities in this market to be captured, it is necessary to demonstrate the possibilities of technology.
The idea is to be able to sell in advance shares of a production, rights of a production or exchange rights in a simpler way.
It seems that this is everything that the producer wants and that the investors want: simpler, easier exchanges that have a reduction in complexity in this process.
Agribusiness has already realized this and has started to ride the wave: Coffee Coin is a pioneering initiative and will certainly inspire new perspectives on digital finance and the tokenization of agricultural assets.
In the same wave, the Wine Craft (WINE) project is aimed at facilitating the wine market and is already open for adhesion to wineries from around the world. Through a marketplace, users can use the WINE token to buy cheaper, quality wine.
With support from traditional Canadian artisan brands, interested parties can access the service through the Uniswap decentralized exchange, which connects to an Ethereum wallet and allows them to use the ERC20 token to purchase wines at a discount at one of the participating stores.
The project has a proposal that respects the sales policy of each participating winery, as each store can set its own price. All that is required is that the discounts are real and effective for consumers. Each winery is then free to set its own terms, its own price and its own delivery policy. Still, the promise is to access wines considered rare for prices around 30% lower than retail.
Wine Craft founders Steven and Jonathan Locilento also plan to launch a token affiliate program. In this sense, an affiliate can promote the WINE token in different media (websites, forums and online communities, for example) receiving a commission fee for this. The value can be received in Wine or Ether, depending on the user's desire.
In addition to the advancement of cryptocurrencies in the traditional financial market, with the possibility of trading in Bitcoin funds directly through the Stock Exchange and the use of cryptoactives in solutions to the environmental problems facing the world, cryptocurrencies can also contribute in the scope of and -commerce through initiatives to increase online sales.
Agribusiness is what generates the largest volume of business and stable assets in the world.
Any cryptocurrency, token or Defi backed by these commodities is capable of bringing more certainty and stability to cryptocurrency trading.
Will you have a cup of coffee?
Or a glass of wine?
