Many coins and tokens have been produced ever since the innovation of Bitcoin by Satoshi Nakamoto in 2008 and there are still thousands of such projects going on presently, yet most of them with almost the same vision for cryptographically seal and public validated value exchange mechanism, As well as full decentralization of the token. That is why they possess very little real world functionality and its commercial value has been demoted to very low use cases. It is still shocking that down to this date no single token have been able to gain wide scale acceptance with a normal retail store as well as online merchant, or with the average customer. Because most crytocurrencies trade as a separate class of digital assets with a very high valuation that can be speculated, as such these crytocurrencies trade with a high degree of volatility that makes it very difficult to be as an alternative to flat money for transactions by customers in retail stores. That is why it easy to notice that crytocurrencies presently rather than being the unit of value used for everyday commercial transaction for buying of goods or product it now behave more of like gold which is bought and kept only for it to appreciate. Some currencies like Tether have tried to bring a solution to the problem of coin volatility yet customer benefit still plague them that is the ability to provide incentives for user acceptance in the commercial market. This setback is due to complicated access to the currency requiring nontrivial technical knowledge, limited customer and merchant acceptance, inconvenient and prolonged transaction processing time, substantial exchange and transaction fees, price volatility, or low to no potential for price appreciation.
CafeCoin Solution
Cafecoin is working tirelessly to provide a lasting solution to the worldwide demand for a mass market crptocurrency that is commercially used, and these they plan addressing in six different ways;
Cafecoin is making the best use of the strengths of decentralized cryptographically secured token, which is aim at offering low transaction cost and low settlement times. Also with Cafecoin ecosystem merchants and customers can connect in Ecommerce, offering the best marketing tools and data analysis available. The Cafecoin currency will be a digital asset while offering the Cafecoin token an exchange vehicle that has low volatility. Thus instead of it looking as an investment where individuals buy and store only wait for it to appreciate like other cryptocurrencies Cafecoin is truly serves as a payment instrument with high transaction speed and low transaction costs.
To ensure stability of Cafecoin even if the demand and market scenario changes, the Cafecoin Foundation is setting up a control system for this market change which include allocating at least 20% of the initial offering tokens (IOT) toward a Reserve Stability Fund (RSF) which will be used to buy and sell Cafecoins to reduce its volatility. Guidelines are set if additional Cafecoins will be released to accommodate market demands which are; the Foundation will not release new Cafecoins into the market that is below Spacher Point, which is based upon at least a 100% appreciation from the initial distribution price, and when that happens, the total number of new Cafecoins that is released will be capped at not more than three times the average coin volume that is traded daily over the previous 20 days during any six months interval, on which 20% again of all sales from that newly released Cafecoin will be put back into the strategic reserve fund to support future price stability. and serves as a protection against any inflation.
DISTRIBUTION POLICY
Out of the 100 million Cafecoins the foundation will release for initial sale, 5,000,000 tokens will go to the founders and Cafecoin team, another 5,000,000 will be reserved for purchase by strategic retail partners, 2,500,000 tokens will be allocated for private sale completed at $2.00 per Cafecoin, also 3,000,000 will be for follow-on private sale completed at $3.00 per Cafecoin, 30,000,000 tokens for initial public distribution of the Cafecoin and finally 54,000,000 tokens will be for treasury reserve.
CafeCoin Technology
Cafecoin is building its own ecosystem where transactions will be carried out; the companion software will include both mobile and desktop applicationsand will be used both by merchants and customers as a replacement for existing point of sale payment system, which will also serve as a peer to peer payment app. The Cafecoin blockchain will also store verified transactions and offer utility benefits to customers and merchants while avoiding unnecessary and unconstrained complexity. The most important benefits of the Cafecoin mobile app are; Cafecoin can be held or transferred from one account to another, and there is a retail discount for users upon which they can review their own Cafecoin savings.
Cafecoin token ecosystem consists of two components which includes; the Cafecoin itself and the Café. The Cafecoin itself will be used for transactions and implementation of the cost savings, while the Café will be used as payment reward incentives to users for engaging in the necessary work which conform to Cafecoin transaction protocol. And this Café can be acquired in three ways which are; the purchase of a Café as a percentage of Cafecoin at the time of transaction or slitting the Café cost between buyer and seller engaged in a Cafecoin transaction prior to execution of a transaction, and a user upon completing the proof of work calculation through a platform optimized and intuitive feature on the Cafecoin mobile application, confirming a transaction block and earning him/her a Café.
CONCLUSION
With its enormous benefits Cafecoin is the token any right thinking individual, business organization should adopt and trade with since it have a decentralized control system where no authority or individual have the power to control or settle transactions, also with a reduced transaction cost and asymptotic security. But more to these benefits are; instant payment settlement where merchants will not be left waiting to receive payment from banks or credit cards, also avoiding of credit card payment processing fees, and conversion of coin into flat money is just so easy to both merchants and customers alike with a strong transaction ecosystem that is both secure and private. There is a discount price for any goods sold through Cafecoin transaction with the user friendly application. In fact the benefits are exhaustible that you can only describe once you are part of 6those enjoying it. Why not take out time to read through this article very well and see reasons you should be part of those enjoying these benefits, as it is wisely said “delay might be dangerous. For more information visit:
WEBSITE: https://cafe-coin.com/
WHITE PAPER: https://cafe-coin.com/CafeCoinWhitePaperEnglish_V1-0.pdf
TWITTER: https://twitter.com/CafeCoinICO
FACEBOOK: https://www.facebook.com/Cafe-Coin-1127820677359367/
MEDIUM: https://medium.com/@cafecoinofficial
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Bitcoin Profile: https://bitcointalk.org/index.php?action=profile;u=1860734
