What is eHarvestHub Project?

eHarvestHub is making food affordable to consumers by connecting small farmers with retailers and independent carriers.

Posted June 6,2018 in Science and Technology.

tinh khuat
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What is eHarvestHub project?

eHarvestHub is making food affordable to consumers by connecting small farmers with retailers and independent carriers.

We prefer the use of the EHH token. Customers will not only be able to pay for eHarvestHub services with the cryptocurrency, but can transact directly with others in a P2P manner. We aim to first allow clients to purchase services with EHH, so as to introduce them to the new method of transacting and to ensure a degree of familiarity with blockchain-based payments.

The data we collect throughout the project can provide valuable insights to third parties (such as banking institutions and insurance providers) who wish to extend credit or to offer their own services to the eHarvestHub userbase. There is a role for EHH tokens right through the entire ecosystem.

eHarvestHub 's Solution

eHarvestHub aims to eliminate middlemen from the food supply-chain, through an open marketplace. The biggest reason that farmers require a middleman, is to help them distribute their produce among hundreds of grocers in multiple regions. In order to solve the transportation problem, the platform also incorporates a reward system for truckers, to move the produce.

 

The way it works is simple, farmers can list their produce, which grocers can purchase, once a route is created. Both can look at available truckers, and select a reasonable delivery price. Both growers and truckers set their own price, establishing a free market, and giving them independence.

The system rates every purchase to keep everyone honest. They also employ government officials to inspect food, making sure it complies with food safety regulations.

The reality of the problem is that the network required to distribute produce is incredibly complex, as described by their white paper. Each step on the vast web of interactions reduces the margins of the produce for the farmers, and increases the price for the consumers.

eHarvestHub 's Feature

eHarvestHub customers will not only be able to pay for eHarvestHub services with the cryptocurrency, but can transact directly with others in a P2P manner. eHarvestHub aims to allow clients to purchase services with EHH, so as to introduce them to the new method of transacting and to ensure a degree of familiarity with blockchain-based payments.

Token contributors will be able to list and directly sale EHH tokens to eHarvestHub customers. Customers will begin to pay eHarvestHub for services creating demand for tokens to be sold. 3rd Parties will be able to pay eHarvestHub with EHH tokens for access to market to its members.

As it was already written earlier in the development of the project – eHarvestHub, participated experts who like no one else experienced all the difficulties of the farm business and know about its problems firsthand. Therefore, the idea of the project worked scrupulously and responsibly. We can say they did it. Since its work, the platform eHarvestHub, began in 2017 and showed very good results, gathering in a very short time 1 200 000 US dollars. Which I think is pretty good. After all, the project can only be said to be in its infancy and it still has everything ahead.

It is important to note the main goal of the project, which is to create unity between farmers, the product and their consumers, while excluding all intermediaries. This principle will allow buyers to pay less money for fresh and quality products, and farmers and carriers, in turn, will be able to increase their income. To do this, the project developers have introduced blockchain technology and smart contracts, so that all transactions are safe, transparent, and even with minimal fees.

In fact, the developers of the project tried their best to create such a convenient and simple platform, within which everyone can get what he wants. All transactions within the platform will be made using the EHH token.

Token Sales:

The company will create 900M tokens and they will be distributed as follows:

  • 48% Sold during ICO
  • 20% Kept by the company
  • 15% Given as Customer Rewards
  • 12% Sold Pre-ICO
  • 5% Given to advisors

This means 60% of the currency will be purchased by users through their Pre-ICO and ICO events at a discount. This currency will be used to replace the fiat money in the platform. The idea is that the currency will be purchased at a discount, so the token holders will then trade the token at a higher price with the marketplace and exchanges.

 

For more information:

Website: https://www.ehhico.com

Whitepaper: https://www.ehhico.com/wp-content/uploads/2018/05/eHarvestHub_White_Paper.pdf

Telegram: https://t.me/eharvesthub

Twitter: https://twitter.com/eharvesthub

Facebook: https://www.facebook.com/eHarvestHub/

 

Author: tinhkhuat

Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1885373

Tags: eHarvestHub,
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