Cotton Coin as (is) a cyber 'wand' to control the future of cotton businesses worldwide: my REVIEW for the contest

in cottoncoin •  11 months ago  (edited)

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Crypto currency is what one could briefly explain as electronic currency as it is a digitalized currency as against the fiat or physical currencies produced by the world's governments and centralized by them. Crypto currency is decentralized with many merits attached to that for their users and that is why, selfishly, (most) governments of African Continent (where I am from) are showing aversion to it in a way and would not educate the populace about the world of crypto in this timeline where information is power. That is terrible of them actually.

Nonetheless, to cut the prolix technicalities about the beginning of crypto currency out and go straight to the purpose of this review, I would really love to joyfully introduce to you COTTON COIN which, when it is officially in circulation, will be another crypto currency in the blockchain. Subjectively, I am joyful about this particular coin even though I am not a full-time farmer yet for it would help speed up COTTON businesses around the world. Not just for the profit that would be made (as profit making is the nucleus for any establishments) but because it would help to encourage (even young) people to go into farming way, cotton way for in it there is a way naturally and economically for all and sundry.

It would surprise you to know that as long as money 💵, be it in crypto mode or fiat mode is vital for survival, cotton too would be vital for surviving fine. This in short is what Cotton Coin Technology is established for to better tomorrow by technically revolutionizing cotton farming or business across the globe with the use of Cotton Coin. Their target has made me to reason out some of the importance or the use of cotton across all continents in commonality. Without googling or racking the brain, we all know that cotton is a necessary raw material for the production of most of our wears. We all use cotton wools and cotton boards. Don't we? But do you also know that cotton is very vital for the production of fiat currencies as well? What we mostly do is just buy stuffs with the fiat currencies and consume. But have you ever reasoned that what the composition of those dollars in your pockets are? One of them majorly is cotton as a matter of fact. In accordance to the Bureau of Engraving and Printing, US paper currency is made up of 75% COTTON and 25% linen. That is, there are three-fourths of a pound of cotton in each pound of dollar bills. This same source also informs us that there are 454 bills in a pound of currency. During Fiscal Year 2009, over six billion bills of all denominations were printed in the United States alone, consuming 21,476 bales of cotton. The total dollar value of these bills was two hundred and nineteen billion dollars, or $21,290.55 per pound of cotton. Imagine the multiplication of all these figures in the numbers of the countries using fiat currencies whose compositions of raw materials have cotton on the list.

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To evaluate, the beginning might seem way too sluggish for COTTON COIN. That is not new. In fact it is natural for things to look too discouraging in the first place. We all know how Bitcoin rose from grass to grace. The same thing applies to other crypto currencies around the globe. Even to Steem. So, in the first place its value might be $0.001 at first but in few years' time, it would have been in times millions of that for just 1 Cotton Coin. One amazing thing about Crypto currency is its fluctuations. It cannot be on a spot forever. And that is what makes it makes a lot of sense mathematically.

Moreover, Cotton Coin as a cyber 'wand' as meant by Shiv Kumar, the CEO; Poitr Leib or @crypto.piotr, Community Management; Takeshi, Technical Director of Cotton Coin Technology could agriculturally influence the world governments to show interest fully in crypto currencies through the dictate of Cotton Coin. This is possible if the exchange of cotton raw material to be sold to the government for consumption would be made compulsory to be bought in Cotton Coin around the globe. By that, the world governments would be left with no choice but invest or buy the Cotton Coin at whatever price given them as fiat money production remains yet the responsibility of the world governments. By this, cotton industries or cotton farmers will benefit immensely as well as their customers globally. Deals of billions of dollars worth of cotton would be sold easily electronically and lives will get better. This is what I call leveraging on the power of technology. Cotton Coin would look like the better alternative to save time and energy. It would even guarantee the safety of its users as the users' identities will almost totally remain anonymous legitimately.

Finally, before we all know it, cotton coin would help to ameliorate "poor working conditions, non/delayed payment to farmers, poor quality cotton, environmental pollution, lack of government support, corruption and more." Not only that but would also help increase employment opportunities and increase number of sophisticated bosses in cotton farming worldwide.
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Providing answer to question NO 2.
Some of the problems are poor working conditions, non/delayed payment to farmers, poor quality cotton, environmental pollution, lack of government support, corruption, unemployment, poverty and the like. The Cotton Coin have been regarded as the best panacea to their eradication or amelioration practically through their introduction into the cotton business system across the globe and leaving practically no limits or boundaries for their users worldwide.

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For much more information on Cotton Coin Technology.

Website:

https://www.cottonco.in

Whitepaper: https://cottonco.in/wp-content/uploads/2018/06/Cotton-Coin-Whitepaper-02062018.pdf
Steemit: https://steemit.com/@cotton.coin
Facebook: https://www.facebook.com/Cotton-Coin-COTN-462763754153370/
Twitter: https://twitter.com/CottonCoin?s=03
Telegram: https://t.me/joinchat/AAAAAE72k5i5j4jsyZo5kA
bitcointalk: https://bitcointalk.org/index.php?topic=3912330.new#
github: https://github.com/cottoncoin/cottoncoin
discord: https://discord.gg/MMFPctU

Some additional info about Cotton Coin:

Dubai News

https://www.dubainewspost.com/cotton-coin-technologies-introduces-a-unique-solution-to-the-cotton-industry/

NBC https://www.nbc-2.com/story/38396757/cotton-coin-technologies-introduces-unique-solution-to-the-cotton-industry

This is the second contest in which I have partook on steemit 😊.
I hope you enjoyed my review to some extent! 😉.
I love ❤ green.
I love agriculture.
I love mother earth.
😍 And I love you.
Thank you @crypto.piotr for the opportunity. Much heart and much more economic success. ❤

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Greetings @jodekss

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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Many thanks!

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Greetings @jodekss

linia2-small.png

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

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Hmmm! 😊 Understandable. It is alright. Many thanks for this update.

If you had not done some copy paste work it could be your best post

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Thanks for this comment. 😊 I am appreciative. I'll be better next time.

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Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://www.quora.com/What-is-the-name-of-cotton-type-used-in-currency-paper

Hi @jodekss

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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Awww!

Hi @crypto.piotr

I am earnestly following your blog. I got all the context therein your latest post majorly about the snooze in the time to announce and reward the worthy winners.
I even resteemed it.
Thanks so much for the update, for the love ❤ and for your humble gestures. Much respect! 🙋
Specially, I thank you for that big promise you made up there. 'Damn'... I wowed when I read it. I am highly impressed. I wish you much more success and good karma in your journeys in all ramifications.
And yes, whenever you visit you'd surely come across stuffs related to psychology but mostly art-related posts because I am a prolific writer 😊. More so, I love abstractions and how they manifest in the physicality a lot. And I love to relate about them and make the universe a better place to habitat.
l'll send you a message to your Email as I have interest in assisting you in judging objectively.
Much love...❤
Sincerely yours,
Jodekss. 😍

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Please accept my appplogy for such a late reply @jodekss

Past several days has been very hectic and busy and I didn't have enough time to reply all received comments. Usually I have time to do that on weekends.

Thank you for your never ending support. I appreciate it a lot.

Specially, I thank you for that big promise you made up there.

Do you mind telling me what promise do you have on your mind? Im a bit lost here :)

Yours,
Piotr

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To check on my blog and probably upvote quality articles was the big promise. 😊

For sure Cotton coin will change the face of the cotton industry, Great review and good luck in the contest.

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Thanks for stopping by and I am sorry for replying this late.

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You're welcome @jodekss, No need for the apology. Cheers!

Successes Keep going!!

I am reviewing the entries for the Cotton Coin contest and I think yours is very good. It explains the situation well, gives good details, gives supporting arguments in favor of crypto, gives some background on the wide use of cotton and is referenced well. I will vote for this to be in my top 5 so far that I've reviewed. Thank you, I hope you learned a lot from this experience I certainly have!

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Thanks for your kind comment. And yes I have learnt new things related.

Your analogy of a ‘cyber wand’ is superb. This is exactly what cryptocurrencies need to be.

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Hmm! Thanks! You know how magical wands in Harry Potter could do wonders? That is where the inspiration about the title came from actually! 😉

wow, this is superb, the illustration of "cyber wand" literally blew me away, nice one you got here

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Hmm! Thanks! You know how magical wands in Harry Potter could do wonders? That is where the inspiration about the title came from actually! 😉

@jodekss...You are a very good writer. I love the topic you adopted to come up with this beautiful write up. You've made a very deep research about Cotton Coin and I really love that. I have also learnt alot from your write up. Thanks for sharing this great post.

With love from @hardaeborla

I have tried and made inferences to what is meant by crypto currency in this timeline and how vital we all should give kudos to the brainchild behind it.
I have as well tell the importance of cotton itself globally. For if not without it the idea about cotton coin would not be.
The importance of crypto in general is being mentioned as having to do with its fluctuations and that the same thing is liable to happen to cotton coin as well.
I was able to relate the aims and objectives of the cotton coin technology in relation to cotton production and as raw material even for the production of fiat currencies by the world governments. And how the cotton coin technology could leverage on that fact economically.
The basic problems in the interest of the firm is extended here, briefly.
Finally, one of the questions asked in the contest was answered succinctly.

Hello @jodekss
on behalf of the organizers I wish to appreciate your effort. it was precise.

But how will this innovation apply to your country?
Is your country cultivation of cotton popular in the main stream of the citizen?

Would you like to venture into this area of Agriculture in the future?

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Nigeria is one of the countries that produces cotton in the continent of Africa. In fact, it grows at our backyards even without planting 🌱 it - so that you'd know how fertile how land is for cotton.
And yes, I would love to consider farmer fully come my future being. I am already a farmer though. Thanks for your comment.

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I am Nigeria too.. and it is modest to say that things would change but..........

I think everyone has to go back to agriculture...........

where you located in Nigeria

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Yes... We have to return to green way. Osun state @maxiemoses-eu. What about you? 😊

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I am in Port Harcourt............ Rivers state
I reside in Lagos

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Alright. So are you too a farmer? I am following you already my boss.

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I just did thesame
I will be on your blog every now and often