After the huge success achieved by bitcoin, a huge number of different cryptocurrencies have been created in recent years. New to this list is bananacoin, which has a very interesting concept. Do you dare to invest in it?
Bananacoin is a token based on ethereum. It indicates the export price of a kilogram of bananas. By purchasing bananacoin, you will become the owner of a kilogram of bananas, which will grow on an ecologically friendly plantation in Laos. The grown bananas will then be exported to China, where the demand for bananas is greater than the supply. A particularly popular type of banana is called Lady Finger.
The team behind this project consists of two Russian entrepreneurs and a Thai agronomist. Bananas have been grown in Laos for three years. With the help of bananacoin investments, they want to in the next 18 months to expand the cultivation area from 100 hectares to 360 hectares.
Given that the international price of bananas has increased by 4 to 10 percent over the past seven years, investing in bananas seems relatively safe. Until this moment, it was at a price 0.5 US dollars sold slightly more than 3.4 million Bananacoins.
Recently, however, it became known that a large proportion of the world's banana production is threatened by a fungal attack panama disease. Laotian bananas are protected against this disease, so investing in them should be seriously considered.
More information:
bananacoin.io
