Saffron-backed digital money

Saffron digital money or SAFFRON TOKEN is a digital currency backed by 1: 1 saffron; i.e., each Saffron Token is equal to one gram of saffron, which renders SAFFRON TOKEN usable in daily transactions such as current fiat currencies.

yet with the difference that SAFFRON TOKEN is always valid and shares the advantages of digital currencies. SAFFRON TOKEN also can be easily used to make international payments. This does not require making regular conversions of the Fiat currencies and part of the money goes to commissions. In case of sharp devaluation of a country's national currency, citizens can protect the value of their assets by converting the national currency into a digital currency. However, considering that digital currencies are disposed to large fluctuations, the best option to maintain stability is buying stable coins like SAFFRON TOKEN. SAFFRON TOKEN has the potential to change the lives of millions of families in saffron-producing countries
7
Saffron is Iran’s most important and valuable agricultural product. It is exported, unbranded, in bulk at very low prices to Europe through the Persian Gulf countries where it is re-packaged in Spain and Italy and then presented to the world market with Spanish and Italian brands at exorbitant prices. According to France AgriMer, the French institute for agriculture and fisheries, Khorasan province produces over 90 percent of the world's saffron but ranks 17th in the official saffron trade. Although the world trade in saffron amounts to $ 8.2 billion, unfortunately the total exports from Iran are $ 286 million, which are exported in bulk and at very low prices. Saffron meets all the requirements of becoming the backer of the digital currency. Since the Silk Road era, this plant has seen use as a reference for financial transactions and is known to be the most valued and expensive spice in the world. The large gap between the price of this product in domestic and international markets means that it can also be used as an adequate backup in the digital world for international transactions. In a market that may undergo wild fluctuations every second, nothing can be practical like a stable- value digital currency. Fortunately, there are currencies that do not inherently experience price fluctuations and their value depends on the Fiat currency or an intrinsically valuable commodity or item. Investors somehow trust the value of such items and convert their assets into the aforementioned currency to protect themselves from wild fluctuations and market crash. Saffron is consumed in more than one hundred and thirty countries. Thanks to the climatic conditions of the Khorasan province of Iran, saffron is produced organically without needing to apply chemical fertilizers and pesticides. However, due to lack of infrastructures for exports and subsequent financial settlements, the price of saffron in Iran is less than a fifth of its world price. The Persian Gulf countries benefit most from the saffron market by importing it in bulk and its subsequent exporting to Europe

SAFFRON TOKEN Advantages in the saffron production and sales industry

For obvious reasons, the reliability of the product has declined. Understanding the global saffron scenario, SAFFRON TOKEN launches saffron supply chain monitoring platform.
SAFFRON TOKEN provides transparent supply chain tracking capabilities. It is a purchasing platform implemented with blockchain technology that guarantees total transparency in the management of the supply chain for various industries in order to enhance trust and efficiency.
SAFFRON TOKEN is very useful in such a premium industry (saffron industry) as every step of the chain from harvest to packaging can be recorded on the blockchain. The saffron process from producer to retailer can be recorded by the consumer, which further verifies the quality of the product.

This post is also available in: ar en fa es