These Latin American cryptocurrencies go beyond mere performance

From the editors of Unicorn Hunters with information from Crypto connection

Cryptocurrencies are transforming our money concept simultaneously acting as alternative tools for promoting projects in various sectors of the economy.

Namely, one of the most destructive aspects is that thanks to crypto-innovations it is possible to create digital currencies that, in addition to generating income for their users, can also support inventors, business models and companies that today have difficult access to traditional financing. That is: we can imagine cryptocurrencies whose influence goes beyond the dominant financial criteria related to price, fluctuations and performance.

creative coins

Projects with such a perspective, as a rule, based on model stable cryptocurrencies (stablecoins)which are associated with various assets such as fiduciary money, agricultural products, mineral reserves, precious metals, etc.

Same way, In most cases, these initiatives use blockchain, own or third party, to support transactions their crypto assets. On our continent, entrepreneurs and innovators are taking advantage of this opportunity to develop exciting initiatives. Here we present a brief example of three projects with their own identity.

Avocado Coin / Mexico

With the support of the GreenGold project, East cryptoactive was created to finance Mexican avocado growers. who work with methods that take care of natural resources and the environment – when harvesting this fruit requires, among other things, a huge amount of water, which tends to be wasted. With an initial release of 600,000 units, each avocado coin is worth $1,000. Mexico is world leader in the production of avocados.

Kmushicoin / Colombia

Cryptocurrency of this company living earth developed as its own means of payment for its export activities. The company produces organic compost using giant horned beetles that it breeds on Colombian soil. In countries such as Japan, insects have found a market, so they are regularly exported. Using its own cryptocurrency, Tierra Viva avoids high fees for international payments when selling abroad. Thus, the firm’s profitability is not affected, and profits are concentrated on strengthening the company’s environmental business model.

Agro tokens / Argentina

an initiative spanning three crypto assets. The cost of each is equivalent to the price of one ton of the corresponding grain: SOYA (soy), CORA (corn) and WHEA (wheat). Through various commercial alliances, Argentine manufacturers can now use these cryptocurrencies to secure loans, purchase resources, or purchase equipment.. The project began in 2020 with the digitization or “tokenization” of 1,000 tons of soybeans, and to date it has added more than 56,000 tons of grain., which is about $20 million of issued digital assets.