Cotton Coin Technology. Contest

in contest •  11 months ago 

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What is Cotton Coin?

Cotton coin is a revolutionary cryptocurrency that was created to solve the problems of the cotton growing industry in third world countries. Its main objective is to help farmers market their products efficiently and quickly without intermediaries to the consumer.

This cryptocurrency was born in response to the high number of suicides among cotton farmers in the third world, mainly in India, who were unable to sell their crops at competitive prices in those of international markets and burdened by debt, without much hope. They lost their crops and lands. Taking as a consequence the decision to commit suicide.


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Use of the Blockchain as a Solution

Cotton Coin seeks to solve the challenges that arise in the stock markets and with the different actors and involve them in the ecosystem. How to achieve it? It was the question that was posed. The blockchain technology was the answer to the business model that Cotton Coin was looking for.

With the blockchain Cotton Coin seeks to offer instant payments between pairs and an advanced traceability system between the producer and the buyer. It helps authenticate cotton sources, track delivery, identify and report problems and control cotton prices.

For producers in poor countries this cryptocurrency will solve many problems that are presented today: late payment, corruption, product commercialization, lack of trust between the actors in the distribution chain and emerging markets.

Thanks to Cotton Coin the biggest problem to solve will be to provide producers with the necessary tools to make them successful and avoid the despair and bankruptcy that has caused in India as in other countries, the suicide rate among cotton producers.

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Launch of Cotton Coin (COTN)

20,000,000 COTN will be made available to users to assist in the distribution and acquisition of cotton in emerging markets. Two decentralized mobile applications will be created to facilitate processes among buyers and sellers that will make transactions faster, safer and more reliable.

Advantages of Decentralized Mobile Applications Cotton Coin

  • Traceability solution from back-end producers to buyers, managing a large flow of transactions and reaching 30 million customers worldwide with the help of our distributors and agents.
  • A front-end B2B dApp helps identify cotton sources, tracks delivery and controls cotton prices, while a B2C dApp helps consumers buy directly.
  • As the blockchain is a book of accounting records, all transactions are recorded and encrypted, giving reliability and security to all actors.
  • It can not be hacked or corrupted.
  • It is an alternative to the fiduciary currency for instant payment.
  • You are at your fingertips just to own a smartphone.
  • You can track your transactions from anywhere in the world.


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Final Considerations

Cotton Coin is an innovative project that seeks to effectively and efficiently solve problems in the cotton industry between small producers and large consumers. Creating a fairer way to market cotton and giving producers tools that allow them to have greater and direct access to markets, thus avoiding intermediaries that hinder the process generating delays in shipments and payments.

A serious example: that a producer who would like to sell his products would only have to access the cotton coin platform to see what prices the cotton market is for, the product information to place his sale and the buyer to pay for it. Once the transaction is made, the buyer would track the entire process until the product is obtained and the seller would obtain his payment. Without other actors becoming involved, increasing the costs of the process. Making the whole process fast, safe and efficient.

Thanks to the Cotton Coin project, cotton will be commercialized in a way that is more convenient for all stakeholders, allowing small farmers to obtain benefits in a safe manner without delays that allow them to be successful and productive. Saving hundreds of lives in the process by helping Third World farmers access international markets.


For more information

Some additional info about Cotton Coin:

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Greetings @neiraurdaneta

We would like to confirm that your entry has been submited. Thank you for your time and effort.

Results of this contest will be announced on saturday 07/07/2018.

Best regards, Cotton Coin Team
Cotton Coin

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Greetings @neiraurdaneta

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Just a small update.

Results will be announced on saturday 14/07/2018 (instead of 07/07/2018). This contest turned out to be a huge success and it may take us more than a week to read all reviews.

You can find more details visiting @crypto.piotr profile and checking out his latest post:
https://steemit.com/cottoncoin/@crypto.piotr/cotton-coin-technology-contest-update

Best regards, Cotton Coin Team
Cotton Coin

Hi @neiraurdaneta

Hell, that was a long week. I didnt expect this contest to become so popular. I expected 15-20 reviews about Cotton Coin but ended up with almost 60 entries. Crazy but positive :)

Let me already express how personally grateful I am for your support. It has been my first sponsored contest and I've learned already a big deal.

Regardless if you will be one of awarded winners or not - I want you to know that I will do my best to check your profile every few days and support all quality content related to blockchain, AI, human psychology or crypto (as those are my main passions).

IMPORTANT:
I have almost 60 reviews to check and I want personally read each one. It make take me some time but I will definetly reply to any of yours comments.

Also: Im looking for few judges who would help me select best reviews. Please check also my latest post (contest update) for more details.

Obviously upvoted :)

Keep in touch,
Yours
Piotr

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Thanks for the contest I loved the Cotton Coin project and participate. I understand that you will have many posts to read. Regards ;)

A more fair market that gives producers needed modern tools. Both are needed and both were absent before Cotton Coin. Its dapp is as important as its blockchain. Good post.

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Thank you, I´m glad you liked it. Regards :)

good article, well explained, concise and simple. I am helping Piotr to select the best articles for the contest and I want you to know that I will include yours in the best 10 that I will select. Thank you for your work and for presenting your content in an orderly manner.

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Thanks when I read the project I loved the work of Cotton Coin, for me it was an honor to participate and being in the top 10 is great news. Regards ;)

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good just to clarify, I voted your post to be in the best 10, hopefully you're lucky and win something. Successes and blessings. :D

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Ok. Thank you I appreciate it and I'm glad you consider me one of the best. Regards ;)

a lovely read from you @neiraurdaneta, i think you did a good job. Best wishes
@antigenx

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Thank you @antigenx I appreciate it and I´m glad you liked it. Regards ;)

Great article, definitely one of my favorite. You provided a lot of useful informations in a brief piece of text, which is simple and easy to understand. Thank you for your engagement and professional approach. I wish you best in Piotr's contest!

P.S. I followed you and hope to see more interesting content on your profile :)

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Thank you @neavvy I wish too one of the best posts. Regards ;)

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I love to see how responsive you are @maeugenia
Steemit need people like you!

Cheers, Piotr

Hi there @neiraurdaneta

Just wanted to express again how thankful I am for your latest support regarding participating in my little Cotton Coin contest.

Im glad to see that you're very responsive. Not everyone here on Steemit makes an effort to reply to comments. Im glat to see that you do.

ps.
Small reminder: I will announce winners this saturday 14/07/2018. Stay tuned! :)

Important: perhaps you would like to collaborate in the future. Either as a judge or help me organize another contest or simply participate as a writer?
Drop me a message to my email: [email protected] and let's stay in touch :)

Cheers,
Piotr

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Thank you, I have always thought that it is important to answer all the messages because it is a way of thanking the person who reads you. I would love to collaborate or participate in another contest and I thank you for thinking about me. Regards ;)