Bananas + blockchain ... Can it work?

[LeeRachelTobin]

I am newbie to the blockchain/bitcoin/ICO arena (don't troll me!! ). The first project I've become involved in is BananaCoin.

What is BananaCoin?

Bananacoin is the world's first blockchain option for investing in the production of organic bananas. The banana farm, in Laos, is organic and ecological and will export bananas to China, where demand is greater than supply. This is particularly so in recent times given Chinese plantations have been banned as they are toxic.

The price of Bananacoin tokens is protected by the cost of one kilogram of bananas.

Why invest in BananaCoin?

Having invested in Bananacoin you have the opportunity to get a minimum of 100% profit of the project implementation. The business is easy to scale and it is growing into a serious player in the Asian fruit market. The business model is completely transparent. This essentially seems to be a risk-free investment. You can find out more, or join the private sale, at www.bananacoin.io

Could bananas change the face of blockchain forever?

What really interests me about the Banana project is:

- It's totally real. This is a legit plantation. Producing ethical bananas. To fill a real void in the market. It's not just a cool idea, it's a proper project.
- It relates to the common 'non tech' person. Projects like this have the potential to bring the otherwise quite technical blockchain market into a new mainstream understanding.
- Blockchain could transform the agricultural industry. There is a massive demand for 'organic' foods. The concept of 'from farm to table' is popular, yet the industry, as it stands, can not verify claims that its food and drink products are organic, ethical, sustainable etc. Blockchain projects could begin to change this. Here is any interesting article on the topic: https://www.cryptocoinsnews.com/blockchain-will-revolutionize-agriculture-and-food-supply-chain/

What are people's thoughts on this? Can these projects start to bring blockchain into the common person's thinking and even onto their dinner table??    

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[mR.k0fka]

i dont really think that a project that is all about bananas, can be "future of blockchain"
unless you are kidding

there is also a "Sand coin"

[LeeRachelTobin]

Not being 'literal!!!  

I just think it's interesting/ worth considering how blockchain can become more commonly-talked about when dealing with commodities like fruit/veg.

There is talk about how it could really transform agricultural industries given the popularity of 'farm to plate' and generally these projects being more transparent and user/investor focused.

Thoughts?

[joinfree]

It is useless, i dont understand why they have created an ico only to talk about bananas, it doesnt make sense at all, they are saying that they have millions of dollars, a huge farm all over the world, and they want to rise an ico to have more funds... uhmm very suspicius, i would not invest anything in that ico, of course that it looks very weird and the founders too, i dont trust in them at all.. Invest at your owk risky guys.

[BTCMILLIONAIRE]

It is useless, i dont understand why they have created an ico only to talk about bananas, it doesnt make sense at all, they are saying that they have millions of dollars, a huge farm all over the world, and they want to rise an ico to have more funds... uhmm very suspicius, i would not invest anything in that ico, of course that it looks very weird and the founders too, i dont trust in them at all.. Invest at your owk risky guys.

It does make sense, if you actually understand what blockchain and ICOs are about...

Whether or not this particular project will work out, I don't know. But as long as tokens automatically grant participation in the profits of the farmers it would be almost no different from investing in a business. The only difference would be that the blockchain makes it far easier to invest. And that is indeed a big part of the future of the blockchain: Allowing everybody to invest in ventures and businesses, not just a select few wealthy people with access to the right middlemen services.

If you were a seasoned investor you would be able to appreciate the general idea behind this proposal.

[Visin]

I am newbie to the blockchain/bitcoin/ICO arena (don't troll me!! ). The first project I've become involved in is BananaCoin.

What is BananaCoin?

Bananacoin is the world's first blockchain option for investing in the production of organic bananas. The banana farm, in Laos, is organic and ecological and will export bananas to China, where demand is greater than supply. This is particularly so in recent times given Chinese plantations have been banned as they are toxic.

The price of Bananacoin tokens is protected by the cost of one kilogram of bananas.

Why invest in BananaCoin?

Having invested in Bananacoin you have the opportunity to get a minimum of 100% profit of the project implementation. The business is easy to scale and it is growing into a serious player in the Asian fruit market. The business model is completely transparent. This essentially seems to be a risk-free investment. You can find out more, or join the private sale, at www.bananacoin.io

Could bananas change the face of blockchain forever?

What really interests me about the Banana project is:

- It's totally real. This is a legit plantation. Producing ethical bananas. To fill a real void in the market. It's not just a cool idea, it's a proper project.
- It relates to the common 'non tech' person. Projects like this have the potential to bring the otherwise quite technical blockchain market into a new mainstream understanding.
- Blockchain could transform the agricultural industry. There is a massive demand for 'organic' foods. The concept of 'from farm to table' is popular, yet the industry, as it stands, can not verify claims that its food and drink products are organic, ethical, sustainable etc. Blockchain projects could begin to change this. Here is any interesting article on the topic: https://www.cryptocoinsnews.com/blockchain-will-revolutionize-agriculture-and-food-supply-chain/

What are people's thoughts on this? Can these projects start to bring blockchain into the common person's thinking and even onto their dinner table??    

The coin will help Blockchain tech plus more people will begin to use Cryptocurrencies. There's better coins out there that people can put money in.

[moynul2050]

i dont really think that a project that is all about bananas, can be "future of blockchain"
unless you are kidding

there is also a "Sand coin"

Nothing is impossible, and you will regret when all goods are sold with blockchain technology.
this is a world that can change quickly. 

[Filmmmakerr]

Look at Honey, its sort of working for them. I've seen that coin go pretty high and they have a real product for sale, honey.

[VackFromOhm]

I mean... interesting idea, I've seen a lot of kinda weird projects like this one popping up recently. I guess if it works, and is a profitable business, sure... I can't really see a world where every good is bought/sold with blockchain technology, especially because it has such a hard time going mainstream and I think people, especially the people in this community, would be hesitant to use a blockchain that is the opposite of anonymous- the whole reason that Satoshi developed it in the first place! But ah, I guess if there's a demand for it... Hell, color me interested in where it's going to go.

[HansWermhat]

Well, it seems like there really is a coin for everything now.

[beachbummer]

Nothing unusual. This is just using crypto tokens as a form of security. Very much akin to a banana company listing on the stock exchange.

[sonawer]

I really love this project) I hope that the topic of environmental friendliness will be more extensive than this investment project. The team has great ambitions for the future!

[OneUnderBridge]

I followed Bananacoin for awhile and I almost threw an investment at it, but I backed out at the last moment. It actually sounded like a fairly good idea to me but then something just sorta didn't feel right because I don't know anything about the banana markets. It sounds swell, but I'm not so sure how the token will do on the markets.

[BTCMILLIONAIRE]

I mean... interesting idea, I've seen a lot of kinda weird projects like this one popping up recently. I guess if it works, and is a profitable business, sure... I can't really see a world where every good is bought/sold with blockchain technology, especially because it has such a hard time going mainstream and I think people, especially the people in this community, would be hesitant to use a blockchain that is the opposite of anonymous- the whole reason that Satoshi developed it in the first place! But ah, I guess if there's a demand for it... Hell, color me interested in where it's going to go.

It (Blockchain) doesn't have a hard time going mainstream. It simply takes a while for new tech to make it into the common household. It took a while for computers to become mainstream, it took a long time for the internet to become mainstream, and Blockchain won't be any different. Over the course of the next one to two decades most payments should be run through the Blockchain in one form or another. The dramatic reduction of transaction costs is reason alone to push the tech into mainstream households and businesses.

[bitorama]

well, blockchain is really a good technology, but we can not put everything on the chain.

[beachbummer]

well, blockchain is really a good technology, but we can not put everything on the chain.

Hear, hear. Fully agree with you.

Just because something can be put on a blockchain doesn't mean that it should.

[Be_Happy]

I love bananas, but I do not quite understand why blockchain is here to grow bananas and how then the profits and the price for products will be calculated.

[beachbummer]

I love bananas, but I do not quite understand why blockchain is here to grow bananas and how then the profits and the price for products will be calculated.

I didn't read too much detail, but based on the OP summary, 1 coin is equal to the cost of 1kg of bananas, so I suppose you will enjoy the profits of 1kg of bananas by purchasing 1 coin?

[BTCMILLIONAIRE]

I love bananas, but I do not quite understand why blockchain is here to grow bananas and how then the profits and the price for products will be calculated.

Basically, everyone who invests in the business will get a share that is equal to the proportional size of their investment. So if you have invested half of the total amount raised, you will get half of the profits.

[Anastasiya]

And what for do you use the blockchain?
There is no need in payment security or anonymity. So, why to discover something useless