CottonCoin price is $0.00006833
The current price of CottonCoin (COTN) is $ 0.00006833. In the last 24 hours, the price has increased by +0.00%. It's important to note that cryptocurrency prices can fluctuate rapidly.
CottonCoin (COTN) is a cryptocurrency designed with an industry-specific use-case in mind – the cotton industry. It utilizes blockchain technology to track the supply chain of cotton, and aims to bring transparency to the sector. As per the official website, CottonCoin was specifically developed to revolutionize cotton procurement and trading and improve overall efficiency within the cotton industry.
Information about the founders of CottonCoin isn't readily available. However, it's known that the team behind it is a collective of professionals with expertise in multiple fields. They value transparency and integrity, as reflected in the mission of the CottonCoin project, which is to create a fair and equitable cotton industry.
CottonCoin utilizes a blockchain-based platform to solve problems in the cotton industry. The blockchain records all transactions and movements of cotton from farm to consumer in a secure, immutable ledger. This transparency makes it easy to track the origins of cotton products, combat fraud in cotton trading, and promote a more fair cotton supply chain. CottonCoin operates similarly to Bitcoin and other cryptocurrencies as a decentralized, peer-to-peer digital currency.
What makes CottonCoin unique is its industry-specific focus and use-case. While most cryptocurrencies focus on being a universal digital currency, CottonCoin is specifically designed for the cotton industry. It intends to offer a practical solution for the many challenges in the cotton supply chain, such as authenticity, verification, and transparency issues. The CottonCoin blockchain platform aims at helping cotton farmers, manufacturers, suppliers, and consumers by bringing the much-needed transparency to the sector.
Like other cryptocurrencies, CottonCoin uses blockchain technology to secure its network and transactions. A blockchain, in essence, is a list of records, or blocks, which are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data, resulting in a secure and tamper-resistant ledger.
CottonCoin's technology introduces blockchain to the cotton industry, offering solutions to the key challenges of traceability, verifications, and fraud control. It allows reliable tracking of a cotton product's journey from the farm to the consumer, thus enabling better quality control and integrity in the supply chain.
Currently, the circulating supply of CottonCoin is . However, the total supply cap for CottonCoin is 6.1M.
CottonCoin is available for purchase on the following exchanges: . Make sure to research and choose a reliable exchange platform to buy CottonCoin safely.
With a market capitalization of $ , CottonCoin currently holds the #1 position in the cryptocurrency market. The trading volume in the last 24 hours is recorded to be .
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