Someone Created A Cryptocurrency Based On Bananas

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This appears like a nasty line in a “Planet of the Apes” movie, however there’s now a cryptocurrency primarily based on bananas.

It’s known as Bananacoin, and was co-founded by entrepreneurs Oleg Dobrovolsky and Alexander Bychkov. 

They distribute “tokens” utilizing the Ethereum blockchain, a decentralized information software typically used for cryptocurrency.

Each token ― equal in worth to the present export worth of 1 kilogram of bananas ― is actually inventory in an actual natural banana plantation in Laos, the place the creators are primarily based. These bananas are harvested and bought in neighboring China, the place the Bananacoin group says the fruit’s demand is bigger than the provision.

Bananacoins have been accessible since their presale in September 2017, however a lot of the web heard about them this month because of this tweet.

Must you lose curiosity in Bananacoin, you may promote your token again for the market worth, or in case you’re hungry, you may alternate your token for an precise kilogram of bananas.

As an investor, the web site says, you even have the appropriate to personally go to the environmentally pleasant plantation within the Vientiane province of Laos. The founders even shared its Google map coordinates if you wish to have a look at it (from house).

For those who discovered it onerous to know the thought of cryptocurrency earlier than, it will in all probability make it a bit extra … slippery.

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