A very serious problem lies beneath all the beauty and glamour, expensive clothes, and famous designers; more than 300,000 cotton farmers in 3rd world countries have committed suicide since 1995.
A study by the International Food Policy Research Institute identified indebtedness and hopelessness as the main reason for farmer suicide.
Lack of reliable credit, changes in government policies, cropping patterns, pesticides exposure, and even shifts in the crops planted on the farm are contributing factors in the cause of farmer suicide.
Cotton, also known as white gold, has become the most in-demand commodity due to the insatiable appetite for cotton in the clothing and bedding industries..
Cotton is the world’s most commonly used natural fiber and is in nearly 40 percent of our clothing.
Globally, this crop covers just 2.4% of the world’s cultivated land yet it is one of the most chemically dependent crops in the world. It accounts for 24% and 11% of the global sales of insecticide and pesticides respectively – more than any other single crop.
20 million tonnes of cotton are produced each year in around 90 different countries; China, United States, India, Pakistan, Uzbekistan and Brazil account for over 75% of the global production.
For over two hundred years, the cotton industry has been plagued by various problems: poor working conditions,
Non/delayed payment to farmers, poor quality cotton,environmental pollution, lack of government support, corruption and more.
This has continued to decline with time as global warming and ozone depletion has made the weather highly unpredictable. All these factors affect the quality, consistency and sufficiency of the crop.
The cotton industry is threatened by lawsuits, corruption and scams that even data coming from third party traceability system is viewed with suspicion by participants.
This led us to wonder how we can bring back trust in cotton related information. We needed a technology which ensures that the cotton related data cannot be corrupted or modified in any way, by any party.
Thanks to Satoshi Nakamoto, the anonymous creator of blockchain, we now have the most appropriate solution: Cotton Coin.
Cotton Coin runs on blockchain protocol that creates a trusted transaction ledger to integrate consumers, supply chain participants and authorities in one ecosystem. This peer-to-peer payment network can be used as an alternative to fiat currency for instant payment.
Cotton Coin also has a backend growers-to-buyers traceability solution, to be used by over 6,000+ companies, managing more than 400,000 transactions each day and reaching 30 million people through the world with the help of our agents and distributors. A front-end B2B dApp helps to authenticate cotton sources, tracks delivery and monitors cotton prices while a B2C dApp assists consumers in buying cotton directly.
Once ready, our versatile solution will help to improve the distribution of cotton, resolve procurement issues, fight off corruption, support fair trade, and build trust among the cotton supply chain companies, consumers, and authorities in the emerging markets. And most importantly, help to save the lives of cotton farmers.
We believe that building a self-sustainable business is better than any type of government aid.
Cotton Coin has two multilingual mobile dApps for smartphones. Using the dApp is role based, with each role (e.g. industry, refine house, packaging house etc.) having its own processes, menus and functions.
Sending and receiving transport information, verifying information provided by the previous step
Providing weight, package number, label, etc. Information
Inventory and ordering of identification tools and transactions
Functions of the supply chain enforcement for the authority
Cotton Coin features convenient, secure and easy payments to all participants in the cotton supply chain.
Masternode secures the blockchain network and aid in making transaction instantly. Node holders will get paid a high reward daily and consistently.
Staking not only provides extra coin to holder but also secure the network to move forward
Uses peer-to-peer technology to operate with no central authority or banks
Advanced X11 hashing algorithm protect blockchain network
Cotton Coin utilizes Darksend to give our users the option to keep their payments private and anonymous.
Send and receive payment worldwide
4,000,000 COTN (Escrowed: 2,000,000)
Starting from 290
0 – 289 (Ended)
MN / Stake Reward:
80% / 10%
Cotton farmer from pakistan realizes the important of Cotton Coin.
Basit From Pakistan
Slow and non-payment contribute to the plight of the cotton farmers. Cotton Coin can solve the issue.
Wei From Hubei, China
Cotton coin provides instant payment option.
Perfect for the export market.
Robert from California, USA
SHIV KUMAR, CEO
M.Sc in Mathematics and Theory of
Relativity from Magadh University.
SHIV KUMAR is the CEO of Jingle
Infosolutions Pvt Ltd, a top
software development company in
New Delhi, India. As a pioneer of
Enterprise Resource Planning (ERP)
software for India’s textile
companies, Shiv and his staff of 25
have extensive knowledge,
experience and contacts in cotton
PIOTR LEIB, COMMUNITY MANAGER
BSc in Computer Science from
Wroclaw University of Technology,
Poland. Founder of Promib.pl, a
chain of computer hardware shops
in Poland. A respectable Steemit
influencer, Piotr takes charge of
community management for
Cotton Coin and Infinitus. His team
organizes articles, contests and
other events to raise awareness for
TAKESHI, TECHNICAL DIRECTOR
TAKESHI holds a Master of Science
in Distributed computing at The
University of Tokyo. Previously a
Full Stack Developer at Ubisoft
Tokyo, and Blockchain Developer at
NashTech Japan with over 15 years
of programming and blockchain
development experience. Takeshi
recently worked on projects such
as zaif.jp, bullxchange.io, psalm.io,
Terrawatt, Cats, Cotn and many
The Cotton Coin project is managed by a team of professionals, spearheaded by Jingle Infosolutions Pvt Ltd.
The project leaders are Shiv Kumar, Piotr Leib and Takeshi.