The coffee market in Africa, showing a huge transformative potential has been passing through a massive technology paradigm shift. To exploit this opportunity and address the industry challenges, Crypto N’ Kafe has announced its pre-ICO token sale, that started on January 18, 2018.
The global coffee market has shown a significant growth in last 5 years, from 2011 to 2015, and it is anticipated to rise higher till 2020. This growth is attributed to increasing population, urbanization, disposable income, and café culture’s growing popularity that is leading to a new customer base.
However, the market still faces challenges such as low income for farmers working on small scale, lack of support from the government, the negative impact of financial constraints, price fluctuations and non-transparent supply chain.
Crypto N’ Kafe Brings the Solution for Global Coffee Market
In view of these challenges and with an aim to develop a full-scale platform, Crypto N’ Kafe is all set to revolutionize the coffee trading in Africa. Crypto N’ Kafe, has developed the world’s first blockchain based, decentralized system that transforms the global coffee supply chain and helps farmers increase their income.
About Crypto N’ Kafe
Crypto N’Kafe (CNK) is an advanced platform that uses smart contract technology powered by Ethereum blockchain, to address fundamental challenges associated with today’s trade processes. The platform connects coffee farmers and consumers, eliminating non-transparent intermediaries, avoiding retailer domination, and offering a range of smart contracts that facilitate operations. The platform uses Crypto N’ Kafe tokens as a consumer loyalty program rewards.
The Benefits for Ecosystem Participants
Farmers are no more required to interact with importers who purchase tons of coffee beans from them at lower prices. Using CNK platform, farmers can select themselves the importers or retailers or roasters, for negotiation. The payment is done via CNK tokens. This mechanism lets farmers set their pricing and deals, leading to transparent, fair and faster supply chain. The mobile and web application of CNK helps farmers learn how to access the system, its features and get financial support.
Using CNK, they can use easier payment methods, export globally faster at a lower cost, make deals directly with farmers and other traders without using bank services, trade on one-stop B2B commerce website and transact with end-customers directly with a mobile wallet, P2P exchanges, and debit card. Crypto N’ Kafe brings advanced tools for retailing systems.
CNK ecosystem eventually leads to high-quality coffee accessible at lower prices to end-consumers. Through CNK tokens, the end-consumers can purchase their coffee just with a click via CNK’s mobile wallet or crypto-swipe card.
CNK uses the distributed immutable nature of blockchain and cryptographic techniques to safely track trading data while maintaining full privacy. It facilitates data generation and provides an automated verification method for transactional data that is secured through public key encryption. The platform eliminates the need for third-party storage, using smart contracts and randomized voting. Moreover, its monetary penalty mechanism discourages malicious change. The system has been tested in different real-life scenarios related to coffee trading.
The Pre-ICO Token Sale
The pre-ICO token sale of Crypto N’ Kafe is going on from January 18, 2018, while the main ICO will begin from February 4, 2018, with a hard CAP of 51,000,000 CNK tokens. If you want to participate in the Pre-ICO, please visit https://tokensale.cryptokafe.io/