A privatization policy of the coffee sector has led to an adverse effect on most farmers.
Local farmers are struggling with rising costs of labour and inputs, pests infestation and diseases, drought,competition from other land use and poor governance of marketing co-operatives.
Coffee market has grown globally at a significant rate in last few years due to various factors such as rapid urbanization, increase in the population with the emergence of café culture, etc. In spite of a diverse continuously mounting market, the challenges are many, which includes lack of government support and transparent transaction in the supply chain, low income for the low scale farmers, and many more. Hence, a platform is needed to address with all these issues.
Crypto N’ Kafe, a Mauritius based organization has recently brought forth a fascinating concept to handle all the core issues in order to introduce a modern way to sell or buy African coffee.
1️⃣ What is Crypto N’ Kafe?
- Crypto N’ Kafe is the first decentralized coffee trading ecosystem powered by Ethereum blockchain technology. The primary concept is to revolutionize the coffee industry by connecting coffee farmers and consumers directly, eliminating non-transparent intermediaries and avoiding retailer domination. The ecosystem offers a variety of smart contracts to facilitate operations within the coffee trading ecosystem.
2️⃣ Why Crypto N’ Kafe?
- With the introduction of Crypto N’ Kafe system, which is based on smart contract technology powered by Ethereum Blockchain, the existing scenario can be changed, and the small-scale farmers can directly sell their produce to the brands. Moreover, the non-transparent system can be eliminated for the betterment of all the involved parties.
✔ Farmers: The need of the farmers to communicate with the importers in a direct manner in order to sell the coffee beans at a very cheap price will vanish. Instead of this, they can run the CNK Ecosystem to choose the importers, roasters, or retailers. Moreover, farmers will be free to learn the way to run CNK Ecosystem easily with the help of crypto-training mobile or web application.
✔ Importers: This ecosystem will introduce entirely a new trade opportunity for the international as well as local traders with secure, rapid, and highly liquid payment and trading processes.
✔ Roasters: It will become possible for the roasters to deal with the farmers directly so that they can get best possible prices without any hassle.
✔ Retailers: Even the Retailers will take benefit of this platform by buying the coffee beans from all across the world at a lower price and freely select the best flavor for their coffee shop via in-house roasting works.
✔ End Users: Ultimately, the End Customers will buy the coffee at a cheap price in just a blink of an eye as CNK tokens will be in the form of digital cash. They will just need the help of CNK’s crypto-swipe card or CNK’s Mobile Wallet.
3️⃣ Token sale
- PRE ICO: DAYS 1 to 12
Jan 18 2018, 11:00 AM (GMT) - Jan 29 2018, 11:00 AM (GMT) (END) - 25% to 35% BONUS - ICO: DAYS 13 to 23
Feb 04 2018, 11:00 AM (GMT) - Feb 13 2018, 11:00 AM (GMT) (END) - 20% to 25% BONUS - ICO: DAYS 24 to 38
Feb 14 2018, 11:00 AM (GMT) - Mar 05 2018, 11:00 AM (GMT) (END) - 15% to 20% BONUS - ICO: DAYS 39-49
Mar 06 2018, 11:00 AM (GMT) - Mar 15 2018, 11:00 AM (GMT) (END) - 5% to 15% BONUS - ICO: DAYS 50-59
Mar 16 2018, 11:00 AM (GMT) - Mar 25 2018, 11:00 AM (GMT) (END) - 5% BONUS
4️⃣ Conclusion
- With such ecosystem, all the challenges associated with the African coffee industry will be resolved, giving all the parties a better revenue as well as experience.
- Do not miss out the ecosystem, which will be beneficial for all the coffee lovers across the globe.
- To learn more about Crypto N’ Kafe, visit their website or social
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