Review from CafeCoin
Cafecoin is the main advanced sign that cannot be exclusively traded for merchandise and business, but besides giving rebate energy and motivation and efforts to build fixed money as a utility. This tends to be used on both sides with versatile applications and internet access.
Although there are many crypto coin ATMs, hardware wallets, consumer marketing, and mainstream media excitement, most crypto coins dominate trade as a separate class from speculative digital assets that are highly volatile. This makes it very difficult to offer the much needed stability that is needed for them to be used as payment instruments in online and offline stores as a viable alternative to fiat currency. In fact, most crypto behave like gold or other collection items rather than units of value for everyday commercial transactions such as paying a cup of coffee.
There has been an effort by the Tether project to solve the volatility problem but Tether does not have all the benefits needed for consumers and merchants to be accepted as payment units in daily transactions by the masses. For example, there is no incentive for users to adopt in the context of daily commercial activities.
Here are the reasons why Tether and other cryptocurrency are not effective for mass adoption in daily transactions:
In today’s world, cryptocurrency generally has limited real-world functions. And because of this, the commercial value of crypto coins has been wrestling with several niche use cases. This is contrary to the growth of the cellular payment industry that continues to reach and enjoy unprecedented global growth and mass adoption.
This is clearer among the younger generation, they prefer digital media exchanges such as PayPal, Apple Pay, UnionPay, Venmo, and Alipay for options such as credit cards, debit cards, and cash. All these payment media require interaction with one or more financial intermediaries and therefore do not have the benefits and efficiency created from distributed ledger technology (DLT).
CafeCoin solution
The CafeCoin Foundation envisions a system that will be able to meet the global demand for mass-market-oriented cryptocurrency that will find solutions to all the basic hurdles for wide crypto commercial use to achieve mass adoption.This will be possible in the following ways:
CafeCoin will become a utility token that will be widely used as a means of purchasing consumer products and services.
Details of CafeCoin ICO
Name of Token: CAFECOIN
Date of Sale of Tokens: 1 July 2018 – 31 August 2018
Tokens Total: 100,000,000 TOKENS
Hard Cap: $ 150M
Soft Cap: $ 30M
Received: BTC, ETH, LTC, RPL, XRM, XRP, TETHER
Token Supply: 40.5 Jt
Date of Sale of Tokens: 1 July 2018 – 31 August 2018
Tokens Total: 100,000,000 TOKENS
Hard Cap: $ 150M
Soft Cap: $ 30M
Received: BTC, ETH, LTC, RPL, XRM, XRP, TETHER
Token Supply: 40.5 Jt
CafeCoin
CafeCoin will give you control over your protection and for all intents and purposes of taking Mastercard expenses and the cost of multipurpose installments in procedures that benefit you and the store owner.
BUDGET ALLOCATION
25% MARKETING
25% STRATEGIC ACQUISITION & MARKET PENETRATION
20% BACKUP RESERVES
30% PRODUCT DEVELOPMENT
DISTRIBUTION TOKEN
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