Kratom (KRA) has just launched! This is the first Kratom-backed currency, and the world's first Kratom exchange! Kratom (KRA) is a BEP-20 token on the Binance Smart Chain, and its trading pair is now active on PancakeSwap and it has been loaded up with liquidity.
Each Kratom (KRA) token is backed by a gram of Kratom held in Amazing Botanicals' warehouses, which is a highly reputable and large-scale Kratom distributor (
AmazingBotanicals.net ). Further, Kratom (KRA) can be redeemed for physical Kratom from Amazing Botanicals via a payment option at checkout.
Essentially, Kratom (KRA) transforms physical Kratom into a currency that can be sent anywhere in the world instantly and securely. Further, since Kratom (KRA) is tradable on PancakeSwap, this establishes the world's first Kratom exchange where people can speculate on the future price of Kratom.
Synopsis
Kratom is a tree from Indonesia which has the scientific name Mitragyna Speciosa, and it is used by tens of millions of people worldwide to relieve a wide variety of ailments. In-fact, Kratom has gotten so popular that there are now stores on practically every block which sell Kratom, and Kratom has become a billions of dollars per year industry.
However, unlike all other significant industries, such as corn, wheat, oil, gold, etc., there is no Kratom exchange. This is the primary problem that Kratom (KRA) solves.
Kratom (KRA) is the world’s first Kratom-backed currency, meaning each token is backed by gram of physical Kratom, and Kratom (KRA) can be redeemed for physical Kratom at
AmazingBotanicals.net. Further, since Kratom (KRA) can be traded on PancakeSwap (a massive decentralized cryptocurrency exchange), this establishes the world’s first Kratom exchange, where users can speculate on the future price of Kratom.
Factors That Can Influence The Price Of Kratom
Kratom is a billions of dollars industry in the United States, and the cost of Kratom is constantly fluctuating due to supply changes and regulatory changes.
For example, although Kratom prices are currently near record lows of less than $100/kilo ($75/kilo on average), Indonesia is threatening to ban Kratom at the beginning of 2022. If that were to happen, the price of Kratom could easily spike to hundreds of dollars per kilo or even $1,000/kilo.
Therefore, it is easy to see how holding onto Kratom (KRA) tokens could turn out quite profitable in the future. Likewise, there is little risk since Kratom (KRA) tokens can always be redeemed for physical Kratom on AmazingBotanicals.net, unlike most other cryptos which have no fundamental/guaranteed value.
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Kratom (KRA) Launch Special!!! The price of Kratom (KRA) is beginning at $0.05 at launch, which is equivalent to $50/kilo of Kratom (since a kilo contains 1,000 grams, and each Kratom (KRA) token equals 1 gram of Kratom). The lowest price for Kratom on AmazingBotanicals.net is $75/kilo. Therefore, although 1,000 Kratom (KRA) cost $50, you can buy a $75 kilo with it, which is a massive 33% discount. This deal won't last long! As Kratom (KRA) token launches demand will cause the price to naturally rise towards $75 and beyond. Don't miss out!***
