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https://flows.wtf/draft/975
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rocketman
@rocketman
@theninemystic how does adding a new erc20 token fix the middlemen exploitations? im confused on the biz model and how adding crypto helps out also why not just use existing stablecoins like USDC for payments? what specific problem does creating FRT solve that existing crypto doesn't? and how does the food processing business model work without the token - wouldn't direct farmer contracts + local processing already cut out middlemen?
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@theninemystic
Yes. Farminterest is a food processing business solving real problems for smallholder farmers who lack stable markets and consumers without access to affordable, nutritious food. By sourcing directly from farmers and processing locally, we eliminate middlemen, boost farmer income, and improve food security. This model already works without crypto and has shown early traction through pilot sales and cooperative interest. Crypto adds value through direct, low-cost mobile payments and programmable incentives for positive actions like sustainable farming and timely delivery. More importantly, crypto enables us to build a community-owned ecosystem. While stablecoins like USDC will be accepted, FRT token isn’t just for payments. It serves as a programmable loyalty and incentive system tailored to our ecosystem and lays the groundwork for future community governance through a DAO. FRT isn’t required for the model success but adds scalable tools for coordination, retention, partnerships, and shared ownership.
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rocketman
@rocketman
Yea I see the vision can you share some more details on how you plan to cut fees? I’m still a bit confused on the business model and where your margin comes from, if you could share some more details and existing experience / traction that’d be great
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@theninemystic
Key products now are Roasted peanuts(Groundnuts) Palm oil. Flour blends (maize, millets, potato). By buying directly from farmers to process locally removes 2-3 layers of aggregators and urban traders who usually take about 30-50% of the product. As of now in the peanut value chain a farmer earns ₦400/kg. With our model, they earn ₦500–₦550/kg. Instead of relying on distributors who demand margin cuts, we work with youth micro-agents and co-ops. who sell directly to markets and households. They get paid a flat fee or commission, which is cheaper than normal logistics. The incorporation of crypto mobile wallets to pay agents and farmers with near-zero transaction fees will be much cheaper than bank transfers or cash logistics. Profit Margins Raw peanuts bought at ₦400/kg, processed and sold at ₦1000–₦1,500/kg Flour mixes: 30–40% profit margin after packaging Oil 1L: 20–25% margin.
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