Originally published on https://medium.com/@shitcoinofferin/farm-token-ico-the-story-of-a-guy-who-sold-soda-and-decided-to-save-the-world-from-famine-92b6369ed373
We continue to dissect projects, as per request of our readers.
Farm token is a startup, whose founders claim that blockchain can improve the food industry. Smart contracts will store the history of cultivation, transportation and selling of Jack beans. Scammers have never gone so far before.
Our reader told us, that it looks like some school kids created the project. And we can’t not agree with that.
Come on, wtf is this?
Send this to crypto bulls, crypto bears and crypto whales _
Fuck this and all this to-the-moon shit. Not a single explanation of the blockchain use here doesn’t explain why is blockchain actually needed here. Corn can go bad even in the world of smart-contracts. Thai customs can still withhold passion fruit on the border. Bottom line, it’s pointless.
A whole 2 shitcoins. Why, guys, keep your ETH.
What do we have here? The token’s price will depend on a Chinese farmer who’s cultivating yams? Very nice. What about droughts, a locust plague or a bad harvest? What are you gonna do then?
Non-profit approach to agriculture? Philanthropy? As we said before, these kinds of claims help to identify scammers. Let’s say that you want to save a Kenyan boy from starvation. Do you really need to buy a token from a no name company, which can’t say why they need blockchain, in order to help him? What a load of bullshit.
Here’s the big boss. He had nothing to do with blockchain before. He worked in a soda manufacturing company before.
The main (or only one?) social media manager doesn’t mention his affiliation in this project.
The most ridiculous thing is one of the advisors. This girl is studying Java programming in a Utah university. That awkward moment, when potential investors know more about coding than the developers lol.
The community that is boasted about in the white paper doesn’t exist yet.
The same situation is with the money, team, an adequate idea and MVP. I thought that the existence of raw projects has been put an end to back in 2017, however I was wrong. People are still trying to fool potential investors with vocal slogans, fairy tales about liquidity and stability, 2 shitcoins and the absence of marketing. I’m emberassed that I’ve wasted 2 hours of my life on this shit.