Cryptocurrency as generally known is a digital currency designed as medium of exchange using encryption techniques or principles of cryptography to secure transactions and generate additional units of a currency. In a nutshell, it’s a medium of exchange like the Dollar ($), Pounds (£) etc designed for exchanging digital information and executing transactions through the use of cryptographic principles. Cryptocurrencies has numerous benefits over the conventional legal tenders used by many countries of the world. Some of these benefits include the ease of use for transaction, rapid growth rate, decentralized peer to peer access and transparency of every transaction conducted. Examples include: Bitcoin, Ethereum, Litecoin, Mustardcoin and Ripples.
MUSTARDCOIN (MSC) is a specialized digital cryptocurrency solution built to transform specific sectors of the economy i.e. Agriculture, Education, Health and Technology. Mustardcoin is an economy-focused cryptocurrency that provides tailored capital and technical assistance solutions for commercial viability of small and medium-sized enterprises thereby eradicating poverty, improving lives and empowering humanity in our continuously evolving society.
Mustardcoin prioritizes these sectors, primarily for being known globally as leading sectors in inclusive economic growth and sustainable development. Secondly, to increase the amount of commercial capital available across value chains in these sectors and meeting the endless demands for goods and services. Thirdly, owners and users of Mustardcoin take control of their immediate financial market as it adds value.
Current world realities necessitate the need to invest the stated areas. Some of these include; rising global population; changing dietary preferences of the masses; emerging markets of higher value foods; need to enjoy good health system at very cheap and affordable rates; rapid take-over of transaction models i.e. e-commerce among others. The technology sector benefits first-hand as this is a soft model for easy and cashless business made available to the teeming population of product end users at the most subsidized rate, thereby helping us fight poverty to the core.
MustardCoin as a cryptocurrency operates on a multiple stakeholder agreement design and is fully funded by Mustard team, investors and global supporters. Our major stakeholders are big players in the economic sectors of our interest and we hope to grow our frontiers through mutually benefitting partnerships, maximizing and leveraging on prevailing socio-economic atmosphere.
The value of MustardCoin is determined by its demand and supply. The Algorithm logic for the demand of MSC depends on speculation and utility as with other trusted cryptocurrencies. Speculation meaning that the cryptocurrency may in future be more than it currently is i.e. high future value. Utility meaning the ability for the use of the coin to buy or pay for goods and services that you may require at any given time.