Bitcoin Forum

Summary:

CoffeeCoin (https://coffeecoin.io) is a Waves-based token which works as the “fuel” for CoffeeChain.io (https://coffeechain.io) - our online trading platform for the global specialty coffee market.


Using the peer-to-peer decentralized ledger features of the Waves blockchain technology, CoffeeCoin tokens allow us to create functions within our platform that reduce and eliminate many of the current economic, administrative and logistical inefficiencies in the specialty coffee trade, thereby increasing value and profits throughout the supply chain.

The demand for our platform's tools and services creates the value of the CoffeeCoin token itself because it serves as both the digital currency and the distributed ledger token that powers the CoffeeChain platform.

Market:

The specialty coffee supply chain consists of producers (farmers, cooperatives), traders (importers and exporters), coffee roasters, retailers and consumers around the world.

Definition: Specialty Coffee, also known as gourmet or premium coffee, is made of high quality coffee beans, grown under ideal conditions, in climates perfectly suited to coffee plant growing. It features unique and distinctive tastes that usually reflect the qualities and characteristics of the soil and region that produces it.

Specialty coffees are also partially defined by their existence not as commercial coffees. Specialty coffee producers are committed to offering quality, taste selection, and freshness that is not seen in commercial coffee manufacture.

Specialty coffee is a massive and growing sector of the world coffee market:

The retail value of the U.S. coffee market is estimated to be $48 billion dollars with specialty comprising approximately 55% value share.

In the U.K., the specialty green coffee market is estimated at 7,020 tons, with a 13 percent growth rate that would bring the 2020 total up to 12,940 tons. The UK specialty green coffee market has an estimated annual value of €40 million, with a 15 percent growth forecast that would double that number by 2020.

Globally, after crude oil, coffee is the most sought after commodity in the world. The coffee bean trade is estimated to be worth over $100 billion worldwide.

Experts estimate that specialty coffee has already reached 10% of world coffee consumption.


How CoffeeCoin Adds Value:

• CoffeeCoin works as a "single currency" for instant transactions - which removes the issues and loss of value in the global specialty coffee supply chain due to the current use of multiple currencies and exchange fees. It can be traded easily and freely on the Waves Decentralized Exchange (DEX). This means for example, a producer in Indonesia can sell his coffee directly to a buyer in America without going through the traditional system requiring banks, loans and middlemen. The producer receives a better price for his coffee, the buyer receives a direct-trade high quality specialty coffee.
• As a digital asset on the waves blockchain, CoffeeCoin is able to carry indestructible, verifiable data. This means it can be used for coffee contracts, pricing quotes, origin details and verification, shipment tracking and more. This can reduce or even eliminate the need for the multiple communications via fax, phone and email that are standard in the industry now.
• Farmers and roasters can use CoffeeCoin to crowdfund sales and purchases of specialty coffee lots - so they don't have to rely as heavily on loans and middlemen to keep their businesses and families afloat. This raises the value of the coffee for farmers, keeps both the farmers and roasters out of debt and increases business for the importers and exporters as they are still needed to help with the shipping logistics and customs paperwork for the coffee from source to roaster.
• Small-batch roasters will now have access to micro-lots of specialty-grade beans more directly from those willing to offer them. This opens up the door to thousands of boutique roasters who previously had limited access to smaller volumes of specialty grade beans. It also offers coffee farmers and cooperatives more opportunities to sell their best beans at a higher premium.

All of these steps are currently very slow and in the dark ages in the coffee trade now. Most of this is still done via via fax and phone, requires a ton of real-paper paperwork, middlemen, centralized choke points and are prone to errors.

Now, all of these issues can be handled, streamlined and improved using the available functions of digital tokens issued on the Waves blockchain.

CoffeeChain.io uses the CoffeeCoin digital token built on the Waves blockchain to reduce and eliminate these inefficiencies in the global specialty coffee trade adding massive value across the entire supply chain.

Opportunity:

Since buying and selling coffee and advertising on our CoffeeChain platform will all require CoffeeCoin tokens – tokens will need to be purchased by our users. Purchasing will be available directly through the in-app wallet which will be integrated with the Waves Decentralized Exchange.

To fund the development and launch of CoffeeChain, we are holding a utility token sale for CoffeeCoin, the Waves-based utility token that powers CoffeeChain.io.
 
During the utility token sale, participants will have the opportunity to trade Waves, Ethereum and Bitcoin for CoffeeCoins.

Coffee Coin Distribution

There will be a fixed number of 40,000,000 (forty-million) CoffeeCoins created. Each CoffeeCoin will nominally represent 1 kilogram of green arabica coffee. Forty million kilograms represents a 10% approximation of the monthly global export of green Arabica coffee – the current approximation of the specialty sector. This will allow for enough tokens to run our online trading platform, provide liquidity and to scale for future growth.



80% to be sold via token sales as follows:

2% were distributed for pre-sale: 800,000 CoffeeCoins

78% will be available for utility token sale on Nov. 14 - 24, 2017: 31,200,000 CoffeeCoins

10% will be reserved for promotions: 4,000,000 CoffeeCoins

10% will be reserved by CoffeeCoin.io: 4,000,000 CoffeeCoins



James Allen – Founder

Currently based in Penang, Malaysia, James has been involved in the worlds of coffee and blockchain tech since 2013 when he launched the Roast Station Project from Bali, Indonesia.

As the first person to sell source-roasted coffee for bitcoin to coffee lovers around the world, James has been passionate about using technology to improve the lives of coffee farmers while increasing coffee quality for consumers.

To this end, over the past four years James has spent time on coffee farms throughout Indonesia, Thailand and Costa Rica and met and worked with farmers, traders, roasters and cafe owners in eight different countries.

With CoffeeCoin, James is prepared to bring coffee and blockchain together again to launch a first of its kind specialty coffee trading platform benefiting the entire chain from farm to cup.

Reserved indonesian translation

It would be the first of it's kind, a currency for the coffee industry.
It would be helpful and would be love by the coffee industry around the world, just provide more awareness campaign and reaching them so that they will be having some cryptocurrency awareness and integration.
(if you would love to launch a translation bounty, let me do the Filipino translation).

this is the first coffe project at crypto world
it will be great for coffe lovers keep my eyes here for more updates

Reserved russian translation

Chinese translation + mantainance of chinese thread, reserved...

It is the first  project about coffee in crypto world.
But I want to ask :why not trading coffee in alibaba.com or amazon.com

I saw you guys at reddit coffee few months ago  :o

Thanks so much for your support!
We're heading up to the Bali coffee fields today and will have more videos soon.

Join update list and slack at: http://coffeecoin.io

- James

Reserving translations into Spanish, when needed. Please, send PM.

Thank you for your question.

Please read our whitepaper at http://coffeecoin.io for an explanation of current problems with the specialty coffee supply chain - and how we hope to help with our CoffeeCoin fueled platform.

- James

http://roaststation.com

Project Manifesto
http://roaststation.com/?page_id=36
Oops! That page can’t be found.

Coffee Details
http://roaststation.com/?page_id=32
Oops! That page can’t be found.

Press
http://roaststation.com/?page_id=250
Oops! That page can’t be found.

Contact
http://roaststation.com/?page_id=51
Oops! That page can’t be found.

Public Key
http://roaststation.com/?page_id=115
Oops! That page can’t be found.

Or Read More About The Coffee Here
http://roaststation.com/coffee-details/
Oops! That page can’t be found.

http://www.coindesk.com/bitcoin-can-free-coffee-from-the-middlemen/

 ??? ??? ??? ??? ???

The RoastStation project ran for a few months back in 2013 - nearly four years ago. I still keep the domain active with a placeholder front page. Most of the links from the original project would no longer be there.

ok thank you

We'll be announcing bounties for translations after Pre-ICO - thanks!
- James

Nice Coffee. This one sounds like an interesting project. Let me know if you need any translators. I can provide Filipino translation.

More Power CoffeeCoin!

Thanks! We'll be announcing bounties for translating after our pre-ICO. Stay tuned. - James

Interesting venture into a market that nobody had thought crypto would eventually be a part of.

Very good preparing and now capitalizing on it. Congrats to you my friend! ;)

Thanks for your kind words and support. Hope to have you on board during our pre-ICO token sale July 17-July 24: http://CoffeeCoin.io

- James

wait to open bounty campaign
i think you need promotion to succes in ico, i hope before pre-sale, you can open signature campaign and social media campaign

I remember there was an old coffeecoin in yobit. CFC
Is it someway related to the old one?

No - not related to any previous CoffeeCoin project. Details on our project here: http://coffeecoin.io

- James

Reminder - token pre-sale starts today in less than five hours. (Monday, July 17 12:00AM EST / 4:00AM UTC)

http://coffeecoin.io/earlybird

Will update again when live.

- James

Interesting project. Good luck.

Thanks for your support. We're looking forward to bringing this blockchain solution to our favorite commodity.
 - James

If this is an honest project, it is pretty interesting.
Actually doing something, actually killing big middle man, actually getting something into peoples hand.

I trust you and your coffee.
Otherwise people will hunt you down if you run away with the money :)

Now I can sit on some crypto bags (of coffee), literally. lol

good project!! coffee coin wait good news

the idea is good,It seems a pretty interesting project, will pay attention to your post and  keep my eye on it over the next few days! best wishes! 

I dont know why the other project failed. It could be the lack of developer interest.If not its a good thing to learn why it was abandoned.
I like the coffee concept and good luck with the project.

Project with a unique concept, I like the idea of this project, I hope cofeecoin can develop well, with 80% pre-ICO, I think it's a cool start, hopefully run well, good luck

Bounty tot translation?

The world of coffee consumption is growing year by year, but the origin of good varieties of coffee limited output, so a lot of fake origin coffee, if blockchain can solve the source of anti-counterfeiting, this will greatly improve the industry's production behavior, because can effectively combat counterfeiting, add value to good coffee.so this is a good project.

coffee coin will adopt for coffee trade

https://i.imgur.com/KVu6P9c.jpg

No technical innovation, did not see the special place, the degree of concern is relatively low, perhaps the entertainment project, can explain in detail the meaning of the existence of this project

People are already getting their coffee from the first Balicoffeecoin Waves ICO.

The team delivered as promised and the investors are happy.
This project is better then 95% of all ICOs out there.
No bullshit fancy buzzwords and promises.

Buy in ICO and get special grade coffee, all via blockchain and crypto without some middleman.
This project has a great reason to exist <3

coffee? ??? this project is..... LOL

August 14th Update:

https://drive.google.com/file/d/0B2U7BxOUv-TXOXNWRkhtbkxMQzg/view?usp=sharing


Full Details and ICO List here:

http://CoffeeCoin.io

This is a very good project that is removed from bali indonesia. Hope this project successful. thanks so much dev.

deleted

Bitcoin Garden: CoffeeCoin.io Token Sale Brings Blockchain Efficiency To The Specialty Coffee Trade On November 14
https://bitcoingarden.org/coffeecoin-io-token-sale-brings-blockchain-efficiency-specialty-coffee-trade-november-14/

The creators of CoffeeCoin – the verified Waves utility token for the specialty coffee trade – will be holding their token sale from November 14 until November 24, 2017 in order to continue developing their blockchain-powered coffee trading platform.

According to founder James Allen, CoffeeCoin is already being used as the utility token for the first version of their platform.

“Thanks to a successful limited pre-sale in July, we were able to build our first working prototype,” says Allen. “As of October 16, 2017 coffee professionals can already post buy, sell and service offers via the blockchain using CoffeeCoin as the underlying fuel for CoffeeChain.io”...

French ANN available here:

https://bitcointalk.org/index.php?topic=2371010.msg24169368#msg24169368

Whitepaper on the way.

The timing just before the Bitcoin fork to happen is set to start ICO. It will run for only 10 days and investors can see it as opportunity to pour Bitcoins in this seeing it limited time offer. What makes me wonder after seeing it was up for months and just third page is created. In remaining days heavy marketing can play key role to make it successful.

Where can I find ur WP??

Yes, after our successful pre-sale in July we focused on developing our prototype platform at https://CoffeeChain.io (https://CoffeeChain.io) to ensure CoffeeCoin was working as a functioning utility token in our platform. As of Oct. 16, it is!

Since then, most of our marketing for the token sale is focused on our own lists and groups - but we will keep an eye here for any questions as well.

- James

wow, i love coffee, reading your whitepaper right now

Looks promissing!

Bitcoin Garden: CoffeeCoin Token Sale Raises Over 4,375 Waves in First 48 Hours
https://bitcoingarden.org/coffeecoin-token-sale-raises-4375-waves-first-48-hours/

Specialty coffee project CoffeeCoin.io has already raised over 4,375 Waves in just the first two days of its ten-day token sale.

The project is using its Waves-based CoffeeCoin as a utility token for its blockchain-powered coffee trading platform and tools.

According to founder James Allen, the high participation rate during the first 48 hours means the sale is off to a very positive start.

“This influx of participants at the very beginning of the token sale says to me people see the value in what we are doing – and are willing to support it,” says Allen. “We’re very grateful to all those who came aboard early and are looking forward to the final tally.”

WP is definitely worth to read!

Interesting project. Will this have any involve with coffee consumption or will try to warn people to not drink too much coffee? And why is token sale this month and OP write on July?

Hi,
to ensure that your platform and the entire business chain work consistently, you need a constant pool of participants. How many companies are already participating in your platform, how many counterparties, countries?

Hello,

This is a really nice project but what i miss is a little bit buzz on social media etcetera.
Hope you reach enough to make this project happen, i really like it.

Do you have an twitter page, facebook etc?

Can I ask you why you made the decision to collect waves for coffeecoin? Do you going hold these waves long-term to fund you're project with the potential rise in price for waves next year?

Thank you for your questions.

Short answer: We are accepting Waves for the CoffeeCoin token sale because we are using and fully support their platform.

CoffeeCoin is built on the Waves platform (http://wavesplatform.org). Our dev partners at OceanLab.eu (http://OceanLab.eu) are also Waves-based. Besides being able to instantly create a tradeable voucher token,  our CoffeeCoin was immediately able to function as data carrying utility token as well.

In fact, we have already integrated CoffeeCoin into our prototype trading platform at CoffeeChain.io (http://CoffeeChain.io). No other platform would have allowed us to create our own token that we could use in all these ways so quickly and easily - allowing us to focus on applying this technology to our area of expertise - coffee.

Yes, of course we will use tokens earned to fund development of our project. Our roadmap is in our whitepaper at https://CoffeeCoin.io (https://CoffeeCoin.io)

Hope this helps!

- James

5 days left for this ICO, I think we can at least double those numbers :)

Great to see you guys are working with OceanLab!

Very interesting, subdivision coffee chain in the industry, the future is not all walks of life will block chain ah, it is really great. Block chain will lead the development of an era like the Internet, and it is worth looking forward to!! ;D ;D ;D

Readed in the whitepaper about that farmers and roasters can use coffeecoin to crowdfund sales and purchases of coffee lots.
Though this is very interesting to learn about.

How can i imagine how that should work if i invest in coffee lots.

Hi Dev,
tell me, if you reduce the number of intermediaries and, accordingly, the fees of the commission decrease, how does this affect the price of coffee for the end user?

Im trying to figure out how much Cof will we get in return for each waves. Is the 31.2 million Cof a constant number?

is it reasonable to assume that 31.2 million Cof divided by the total number of waves raised is the amount of Cof we will get in return?

If yes, than in your video you say over 6000 waves raised. thats around 5000 Cof per waves.

also lets say that if you raise 10000 waves than that formula becomes 31.2 mil divided by 10k = 3120 Cof per 1 Waves

imo it is cheaper to take part in the crowdsale than it is to purchase from Waves DEX atm

This is correct. 31.2 million COF will be distributed proportionately to the Waves value of all tokens received. (BTC and ETH participation will be calculated at a fixed Waves value first.) Full details here:

https://coffeecoin.io/tokensale (https://coffeecoin.io/tokensale)

Less than 48 hours left!

- James

I'm in.  Feeling pretty good about this one.

Hello, is there an source for communitytalk for coffeecoin like an telegram channel or an slack channel or something?

Kind regards,

All right thank you

I love coffee, so I also love coffee money. Can I buy coffee with global characteristics on your platform with coffee beans? Is this what you mean?

Congrats on the success of the crowdfund  ;) Glad i took part

i hope you're project is a game changer  8)

So if I have 760 Waves, how much coffeecoin should I receive?

Did you participate in the ICO?  You don't simply get CoffeeCoin because you own WAVES.

the airdrop was a few weeks ago for Oceanlab OCL hodlers. then again for top Waves hodlers only.
COF also did two bonus campaigns during the ICO.

Whats new?

There is nothing new at this moment but as the whitepaper describes there are some great things coming in the first and second quarter of 2018.

Bitcoin Garden: CoffeeCoin Distribution Complete, Now Trading on Waves DEX
https://bitcoingarden.org/coffeecoin-distribution-complete-now-trading-waves-dex/

Following the end of its full utility token sale on November 24, CoffeeCoin has announced that distribution of the 31.2 million COF allotted for the sale has been completed.

Combined with previously released presale tokens (2%) and tokens distributed during promotional airdrops and bounties, approximately 85% of the total 40 million CoffeeCoin supply is now in circulation. COF is currently held in over 24,000 Waves addresses and is already actively trading on the Waves decentralized exchange.

According to founder James Allen, “We are very grateful to all who have supported the beginning of our CoffeeCoin project and our mission to bring blockchain efficiency to the specialty coffee trade. Tens of thousands now hold COF in their wallets and are the backbone of our utility token. Our responsibility now that distribution is complete is to continue developing and growing our project so everyone might benefit – including those who joined during pre-sale, full token sale and those who are trading COF on the Waves’ DEX.”...

Sounds great!  Can't wait to see what we do in the first half of 2018!

The ICO is already over for coffeecoin. You can still purchase coffeecoin  at the wavesdex. The lowest ask is around ~40sats which I consider as cheap with the upcoming features what's described in the whitepaper.

Where is link to airdrop?

There is no airdrop anymore. There was an airdrop in the past for oceanlab holders and i thought waves and waves community token holders.
You can buy and sell them on the wavesdex.

*before asking questions, the most answers is already answered if people take the intention to read the first page of this ann and the whitepaper.

@Javanomad you should get this coin on coinmarketcap.com for more exposure

please send them an application

CoffeCoin is doing well, 150% up today, again.

It is now possible to buy coffee with coffeecoin

http://thaicoffee.io/

1st “Direct From Source” Coffee-For-CoffeeCoin Lot Is Here!

whtas the total supply of this coin? is cmc right?

Here you can see more details  about coffeecoin.
Total supply is 40 million.

https://coinranking.com/coin/coffeecoin-cof

hello, wrong momentum
https://coinmarketcap.com/currencies/coffeecoin/#markets
 CoffeeCoin (CFC)
$0,000031 USD

thats realy bad :)

That is the wrong coffeecoin. This is $COF.
Thought the coffeecoin what you linked to this thread is an dead project.

This is the thread for CoffeeCoin Utility Token (https://coffeecoin.io) (COF on the Waves Decentralized Exchanged - DEX) created in 2017.

"CFC" is an unrelated defunct / dead project from years ago.

You can find live trade / market data for our active CoffeeCoin Utility Token at: https://coinranking.com/coin/coffeecoin-cof (https://coinranking.com/coin/coffeecoin-cof)

You can buy / sell COF on the Waves DEX - http://beta.wavesplatform.com (http://beta.wavesplatform.com)

Currently COF/WAVES and COF/BTC are most liquid.

- James

CoffeeCoin Utility Token (https://coffeecoin.io): Blockchain Efficiency For The Specialty Coffee Trade

The new turtlebeans app is slick.
Just orderred some nice Guatemalan micro roast.

https://turtlebeans.com (https://turtlebeans.com)

The Turtlebeans app is listing coffees being sold direct from micro-roasters around the world - and you can pay for your coffee with CoffeeCoin. Glad to hear your successfully ordered some and paid with COF - thanks for your support!

enjoy this tweets and updates

the CoffeeCoin project makes great progress  8)


https://twitter.com/JavaNomad/status/1056898952916660225 (https://twitter.com/JavaNomad/status/1056898952916660225)




listing on bitshare exchange!!  :o

https://twitter.com/JavaNomad/status/1055819523729711104 (https://twitter.com/JavaNomad/status/1055819523729711104)

https://medium.com/@javanomad/coffeecoin-expands-to-the-bitshares-network-with-new-xbts-io-exchange-listing-and-gateway-3852c3da4ac6 (https://medium.com/@javanomad/coffeecoin-expands-to-the-bitshares-network-with-new-xbts-io-exchange-listing-and-gateway-3852c3da4ac6)

Thank you for adding CoffeeCoin - COF - to Crex24!

- James Allen: Founder
CoffeeCoin.io (http://CoffeeCoin.io)
"Blockchain Efficiency For The Specialty Coffee Trade"

there was an update on the website, you can now buy easy CoffeeCoin $COF and purchase coffee on the website too  :D

wavesplatform and CoffeeCoin will fly together.....    ;)



join the Telegram chat for some nice crypto, coffee and blockchain talk

James Allen, the founder, shared some information what he had done and what he will do, enjoy it :)

https://t.me/CoffeeCoin_Official/4819 (https://t.me/CoffeeCoin_Official/4819)




www.coffeecoin.io (http://www.coffeecoin.io)

update:
https://twitter.com/JavaNomad/status/1082203055414636545 (https://twitter.com/JavaNomad/status/1082203055414636545)


buy coffee with $COF
https://twitter.com/JavaNomad/status/1082492471416766464

I love that James is so interactive with the community. Dude legit travels the world finding the best/most unique crops. Incredible.  ;D

time flies fast, we have Year 2020  :o

Enjoy the latest update by CoffeeCoin project founder James Allen aka JavaNomad!

https://twitter.com/JavaNomad/status/1212360033696010244?s=20


direct link
https://coffeecoin.io/cofupdatefiles/COFupdate.Jan1.2020.pdf (https://coffeecoin.io/cofupdatefiles/COFupdate.Jan1.2020.pdf)

website
https://coffeecoin.io/ (https://coffeecoin.io/)