A review of CafeCoin.
Since the world got introduced to the idea of the blockchain and cryptocurrencies with the introduction of Bitcoin, a lot has been changed and changed for the better. Before the introduction of Bitcoin, we have been facing complete centralisation in virtually every sector but Bitcoin came with a whole new idea of decentralization and even the other cryptocurrencies that came after Bitcoin all came with the focus of improving that concept of decentralization brought about by Bitcoin. The main problem that has always plagued cryptocurrencies is the problem of mainstream adoption and this problem has been fueled to an extent by the volatile nature of cryptocurrencies; taking the the online payment system into consideration, the reason why cryptocurrencies have not yet been fully adopted to be used for online and offline payment can be traced to the volatile nature as offline and online stores need an alternative payment means apart from the use of Fiat and it this would be capitalised upon then the alternative should pose a level of stability.
Cryptocurrencies right now are really difficult incorporating into day-to-day transactions. There have been attempts in the past to solve the volatility issue of cryptocurrencies, that attempt was made by the Tether project. The Tether project might have been successful but the project lacked a lot of things; the Tether project did not have what was needed for it to be accepted of adopted for daily transactions. The Tether project lacked one of the most basic attributes and that is the incentive for users and to even ensure the project kept growing. Apart from the Tether project, there have been several other attempts at solving this volatility problem but despite the efforts, these projects all have some features in common; solving the volatility issue of cryptocurrencies let to some disqualifying reasons with these projects. The projects that attempted addressing the volatility issue were plagued with high transaction fees and even exchange fees, some were plagued with extended transaction completion durations, some had issues of low price appreciating potential.
Now we see why cryptocurrencies are having issues been globally adopted and this makes cryptocurrencies limited in several ways. Putting all these factors into consideration, the CafeCoin solution was developed.
The CafeCoin project is aimed at finding solutions to the barriers of the global adoption of cryptocurrencies; it consists of a system that would be able to satisfy the global demand which in turn would change the status of the global adoption of cryptocurrencies. CafeCoin aims at achieving all these in several ways:
-By the use of the Blockchain, it would be very possible for Cafecoin to attain high volume of transactions for a minimal fee.
-Starting out with retail coffee shops, Cafecoin would offer incentives that would facilitate consumer and merchant adoption.
-Cafecoin puts in place a simple, easy to use mobile app interface that promotes liquidity.
-With CafeCoin, users get to have full control over their transactions and get to transact with no security threats whatsoever.
Roadmap.
Q3 2018
-Announce beginning of Cafecoin bounty program and initiate build of the Cafecoin blockchain.
Q4 2018
-Launch Cafecoin ICO.
Q1 2019
-Finalize partnerships with key retailers.
Q3 2019
-Cafecoin to trade on two major crypto-exchanges.
-Development of Cafecoin mobile app begins.
Q4 2019
-Launch Cafecoin in partner retail locations around the globe, providing savings and discounts to users.
CafeCoin Tokenomics.
Token: CafeCoin.
Tokensale begins July 1st, 2018 and ends August 31st, 2018.
The total token supply of Cafecoin is 100,000,000 tokens from which 5% would be allocated to the founders and cafecoin team, 5% would be reserved for purchase for retail partners, 2.5% would be allocated to private cash sale, 3% would be allocated to follow-on private cash commitment, 30% would be allocated to initial public distribution and 34.5% would be held in reserve stability fund.
The softcap is set at $30,000,000 and hardcap at $150,000,000.
The funds generated from the public sale would be allocated as follows:
25% would be allocated to marketing, 25% would be allocated to strategic acquisitions and market penetration, 20% would be set aside as reserve stability fund and 30% would be allocated to product development.
Team.
Useful Links.
Website: https://cafe-coin.com/
Whitepaper: https://cafe-coin.com/CafeCoinWhitePaperEnglish_V1-0.pdf
Twitter: https://twitter.com/CafeCoinICO
Facebook: https://www.facebook.com/Cafe-Coin-1127820677359367/
Telegram: https://t.me/CafeCoin_ICO
Writer's Bitcointalk username: kitanodebunmi
Writer's Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1298583
Writer's Eth wallet: 0x8183E3cE53d0fbEFb163185Fd21231609D7B464A
