2017 is the year of the cryptocurrencies. Surely Bitcoin is ahead of them all, but there are many interesting investments to be made in this time of the year. Do you know which ones are the best for you?
Finding the right investment is a problem that many investors face often. To solve this issue, they have to invest with knowledge about the market. To help investors like you, our blog reviews start-ups that are having ICOs soon. Today, our subject is a new cryptocurrency called Foodcoin.
What Is FoodCoin?
Foodcoin is a start-up company developed by the same creators of a company called 1000 EcoFarms. This company is a start-up in the niche of business-to-consumer and business-to-business online marketplace for natural food. The company helps these natural food companies with marketing and processing payments.
So basically Foodcoin will be used in a blockchain developed to be used for companies that need these kinds of services. With the help of the company, these natural food sellers can reach audiences that are bigger and more diversified than they would be able to do if they only could use their local market as a marketplace for their products.
1000 EcoFarms already have more than 700 farmers right now and more than 4000 users that buy from these farms, so the company expects that Foodcoin will exceed these numbers by a large margin.
The Foodcoin is still in a development stage and the company will improve their ecosystem during 2018, so be aware that investing in Foodcoin is an investment that might take some time to generate a real profit.
How Does FoodCoin Work?
Basically, Foodcoin will act as the middlemen between companies that sell natural food and both their customers and providers of services they need. Their platform will offer support to connect both the sellers and the people who are most interested in their product in a way that these companies struggle to do right now.
Foodcoin will not only make companies and customers be closer and have a more secure and transparent relation (because all the information about the transactions will be stored in the blockchain), but to improve the relation between these companies the other companies that might aid them.
Does a natural food company need marketing services? They can arrange their business via this system. The platform will help both companies to grow.
How To Invest In FoodCoin?
The sale will be very quick by ICO’s standards. The sale will begin on December 12 and it will run only for two weeks, so be aware of this if you are interested in investing in this company, because you will have a small window to buy their tokens before the sale ends.
During the sale, you can use three types of cryptocurrencies: Bitcoin, Ethereum and Litecoin. If you only have another type of currency, like fiat money or Bitcoin Cash, you will have to exchange it first before you are able to invest in this company.
Food Coin Verdict
Is this the right investment for you? That really depends. While Foodcoin does not show any signal of scam or of being a clearly bad investment, it will only be a very good investment for their target audience, so you should be aware of that.
You should note that only consumers of natural food or companies that sell them will be the perfect targets for the ICO. This is somewhat of a limited group, so if you are not sure that you will fit this criteria, there might be other investments that will be more recommended for an investor like you.
There is no guarantee that this company will be very successful, but their previous experience with 1000 EcoFarms seems like a positive point, so they might actually have a good degree of success in their next years in the market.
If you feel like Foodcoin is the company for you, do not be afraid of investing in this company, just watch out for the small time window of the ICO.