Banana coin is a “utility token based on Ethereum”

To use the developers’ language, Banana coin is a “utility token based on Ethereum, pegged to the export price of one kilogram of bananas.” So yeah, it’s another cryptocurrency that your most annoying friend can casually mention at brunch. But it’s also more than that: As Financially Express explains, each Bananacoin is a digital token that take the “form of a contract for the purchase of goods to be produced in the future.” Every Bananacoin really doesrepresent just over two pounds of bananas that will be grown on an ever-expanding plantation in Laos. Official Website

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The group at the back of Banana coin consists of Russian marketers and a Thai agronomist who've been developing bananas with inside the Vientiane province in Laos for the beyond 3 years.

​ They prefer to apply the investments in Banana coin to develop their land from its modern size, one hundred hectares, to 360 hectares over the route of the following 18 months. It’s cryptocurrency and crowdfunding, incorporated with roughly nine percent of your confirmed day by day potassium intake.

Banana coin HQ feels correct generally the task outstanding to the circumstance YES, there’s continually cash with inside the banana stand, and additionally due to the fact they develop the Lady Finger banana—the world’s maximum productive banana varietal—and export them to China, wherein they’re continually in-demand. “Bananas, surprisingly, are a brilliant investment,” one cryptocurrency analyst wrote. “Over the beyond 7 years, the worldwide charge of 1 kilogram of bananas has multiplied through among four percentages and 10 percentages each year, making bananas an solid investment