Fieldcoin: Creating The First Blockchain Based Land Marketplace
Blockchain technology is something that you must have heard of before as well. After all, it’s creating so much hype in almost all the fields. Starting from sports to farming blockchain has made its place in all the important industries of the world. With its advanced features it is challenging the existence of the traditional system. It is expected that in the future blockchain technology is going to take over the entire systems of the world. However, as of now, it has a long way to go.
The blockchain platform that we are talking about in this particular article is known as Fieldcoin. In this particular review, we are going to talk about some of its important aspects and details that you need to know if you are someone who is interested in the blockchain technology.
Why Fieldcoin?
Fieldcoin is known to disrupt a market of over 10 trillion USD. It aims to enable everyone to own and manage farmland from distance. Agricultural land is considered to be the most stable asset of all decades. Fieldcoin tokens in contrast with other utility tokens in order to provide a Trade Back rate on the Fieldcoin platform and thus, stabilizing its price during bear markets. When you own Fieldcoin tokens you are able to sell, buy and manage real land properties in the form of non-fungible tokens. You can also have full ownership and control over the production by tracing all the levels of outputs and inputs of chemicals applied to your soil.
How does it work?
This platform is built for the people or the general public. The platform is known to empower everyone on Earth with land ownership rights. This platform enables users to own and manage farmland from distance. With the help of Fieldcoin tokens, you will be able to buy, sell and manage real land properties in the form of non-fungible tokens. Not only that but it also gives the right to gain ownership and control over the production by tracing all the levels of outputs and inputs of chemicals that are applied to your soil. During the Field Coin Offering, users will be able to buy land properties with the help of their tokens. In exchange for their Ethers, Fieldcoins and Bitcoins holders will receive lands non-fungible tokens ERC721 representing an agricultural land.
Tokenization
The platform is known to make use of Field Tokens with the help of which token holders will be able to buy, sell and manage real land properties in the form of non-fungible tokens. Other than that the tokens are used for other purposes as well.
Final Thought
Thus, from the above discussion, it can be concluded that this particular platform is created for the well-being of everyone so that they can own and manage their farmlands from distance. If you wish to know more about the said platform then you should visit the official site of the company and read through the whitepaper of the company.
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