KuCoin is a cryptocurrency trading market, based in Hong Kong that has been developed and planned since 2011. The exchange has state-of-the-art technology that provides users with’ smooth and secured transaction.
Several promising cryptocurrencies are already part of their platform, and now they are excited to announce that they have successfully listed TE-FOOD (TFD) as one of their tradable tokens. Some of the supported crypto pairs are TFS/BTC and TFS/ETH.
TE-FOOD, the world’s most extensive publicly accessible, farm-to-table food traceability system is moving to blockchain and tokenization. They are revolutionizing food supply on the emerging markets. It is a successful food traceability resolution, utilized by 6,000+ companies, managing more than 400,000 transactions each day, reaching 30 million individuals. They are committed to improve food safety, fight off corruption, promote fair trade, and build trust within the food supply chain companies, consumers, and authorities in related markets.
TE-FOOD allows all companies of the fresh food supply chain to manage logistics and food safety-related data in their operations. Identification tools of various technologies are implemented to livestock, transports, and new food packages to follow the items throughout the whole supply chain.
Tokenised software license.
Consumers of TE-FOOD such as supermarket te-food terminals will be required to own a specific amount of TFD tokens to access TE-FOOD ecosystem.
To use TE-FOOD’s blockchain traceability ledger, supply chain participants will require to pay for transactions utilizing the token.
Value Exchange
There are several data produced by a particular type of supply chain companies, which is essential for other supply chain companies.
Right
Token holders can rank supply chain businesses with which they are in contact so that the system can manage a supply chain company scoring policy.
– TFS will be a token to store and transfer value in the TE-FOOD ecosystem.
– It will be a stable coin, pegged to USD.
– Besides the license requirements (TFD), operating transactions will have extra (per transaction) cost in the system in which TFS will be used.
– Just like the other two-token system, this is supposed to be produced via staking, which would serve as rewards in helping to secure the system or by providing computing power.
Erba Ltd. is a 21-year-old IT company that has 30 developers, from which 12 operate on TE-FOOD. They have every type of developers available to support them in their tasks: front end, back end, the blockchain, AI, hardware, system administration. For the blockchain part, Abraham Endre (Silur), a former member of zCash team, member of Monero team, and member of Ethereum Foundation’s research team is the most popular
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