Top Things You Should Know About Bananacoin‭ (‬BCO‭)

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BananaCoin in detail:

Why bananas?

Because demand is increasing, it is as simple as that.Moreover, bananas are generally a cheap commodity, so their consumption does not especially decrease in times of market. crisis or in poor countries.

The main demand comes from China, and it is currently higher than the supply. The reason: 18 Chinese plantations were recently suspended due to violations of the regulations relating to the use of chemical fertilizers.

According to the bananacoin light paper, the export of bananas to China increased by 42% between 2011 and 2012, then by 88% between 2014 and 2015. The variety of banana chosen - Lady Finger - was chosen for its nutritional qualities and high demand. is indeed one of the most expensive and demanded varieties in China.

An in-depth economic analysis accompanies the project, and this is part of what won us over. Indeed, their business model is well thought out, and absolutely transparent. The main part of the project is the expansion of the plantation, in the medium term more than 1,000 additional hectares are planned.

As this chart shows, the price of Lady Fingers has never fallen below $ 1.14, while it has hit $ 3.5 in some months.

Beyond the purely financial aspect, the Bananacoin team emphasizes the importance of growing organically, ecologically and sustainably.

Bananacoin (BCO)

How the token works

The Bananacoin token (BCO) is a token based on the Ethereum blockchain. BCOs are not considered to be means of payment, nor are they securities or shares, but what is called a "utility token", a "utility token". Utility tokens are a kind of “digital voucher” for future services or goods. In this specific case, 1 BCO will be associated with the monetary value of 1 kg of banana, which means that each token purchased gives you a share of the production to come. According to Bananacoin, most jurisdictions have no provisions for the moment. specific to utility tokens, which makes their taxation advantageous (since they do not exist).

In short, BCOs will only be linked to the productivity of the company, as well as its exports. Each BCO will have a face value of $ 0.5 plus the market value of 1 kg of Lady Finger bananas.

Conclusion : 

In my opinion, Bananacoin has all the cards to be successful. The team is competent, the project is already on track, the marketing is effective and the goals clear and achievable… From a point of view more personal, it is also easy to fully understand the purpose of your investment. Indeed, unlike many ICOs or startups in the crypto world, the project is clear and understandable even without any notion of computer science.

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