Friday, February 9, 2018
What Is BananaCoin?
The BananaCoin ICO is focused on creating a new Ethereum-based token that is tied to the price of one kilogram of bananas on the international market. Although this may seem entirely bizarre at first, looking deeper into the core premise of the Bananacoin platform reveals that there is a method to its madness. The core goal of the Bananacoin platform is to expand the size of the Bananacoin plantation, which is currently sized at around 100 hectares. Bananacoin aims to increase plantation holdings in the Vientiane province of Lao PDR, with the end aim of exporting “Lady Finger” bananas- the most profitable banana strain in the world- to nearby China. Bananas, surprisingly, are a good investment from a technical analysis perspective. Over the past 7 years, the international price of one kilogram of bananas has increased by between 4% and 10% every year, making bananas a relatively stable investment.