RE: CottonCoin An Introduction
Greetings @slappysquirrel
Great question. We will try to answer the best we can.
Corruption is rampant in 3rd world countries. Farmers are the ones who suffer. On top of that, they have to deal with credit issues, inferior crops, no payment, weather among others.
Except for US and Australia, all.r 3rd world countries
If there was a coin like cotton coin, where players in the industry can use as a replacement (or as a supplement) to fiat currency, it would help.
Agents can be appointed in various cities where cotton farms are located. They can assist the farmers.
Instant payment can help the farmer to sustain his business.
Farmer suicide occurs because of debts.
To.encourage the use of cotton coin, the project also comes with an subscription-based app to help buyers verify cotton sources, track delivery, monitor prices, etc. COTN will be the main currency in our ecosystem and can be used to pay subscription, advertising etc.
Hope we've managed to provide you with satisfactory answer. Check out our whitepaper to find more details: https://cottonco.in/whitepaper/
ps. Welcome on steemit.com. We've noticed that you're new member of our community. Please check out our contest organized in collaboration with @crypto.piotr
Thanks I found this very educational and appreciate the feed back.