Coinaute today presents the Golden Coco cryptocurrency created for you by Cocote.com, a local marketplace offering you the chance to consume differently. By investing in a virtual currency, you can now buy local products and protect the environment through responsible consumption.
What is the Golden Coco crypto?
It’s a utility token designed to offer VIP services to users of our cocote.com marketplace.
In fact, it’s a deflationary token, the supply is limited to 100 million with a simple and fair distribution: 70% for users and 30% for the team and which will take place over several years.
What is the project linked to this cryptocurrency?
Cocote is a local marketplace highlighting local/responsible product offerings via an eco-score with an omnichannel approach (collaborative delivery, click & collect, on-site purchasing) and community (payout via green cashback).
Cocote. com is a greentech start-up that has already raised over €600k and attracted thousands of merchants.
Cocote is currently focused on B2C (such as Amazon), but by 2022 it will be able to use the same platform for C2C (such as LebonCoin and Vinted) and B2B as part of a ‘one-stop shopping’ approach.
The ultimate aim is to become a European alternative to Amazon’s marketplace.
How much is a Golden Coco worth in euros?
The initial listing price will be set at €0.1 per golden Coco on Polkaswap on a COCO <> XOR pair that will be supplied with liquidity on Friday 30 July, after which the market will decide on the price 🙂
Is this a cryptocurrency that depends on the price of others or not?
It’s a cryptocurrency that depends heavily on the use of Cocote.com and therefore on its success. The more users, merchants and sales we have, the more demand there will be for this token.
Secondly, like any cryptocurrency (other than a stablecoin), its price will inevitably depend to some extent on overall market sentiment(bear/bull).
What services are available with the Golden Coco?
– Cashback bonus (+ cashback for token holders with seniority)
– Access to Merchant Private Sales
– Products offered for testing (such as Amazon Vine)
and many others (e.g. payment for purchases in golden cocos, governance vote).
Most services (excluding payment) will be prorated according to the number of tokens held.
For example, a user with 200 golden cocos will be notified and will be able to access private sales before a user with 190 golden cocos.
How do I buy and use Golden Coco?
We are currently running a private sale in ethereum (min 0, 05 ETH), to take part: https://fr.cocote.com/inscription-investisseurs
As soon as we receive the ethers, we transfer the golden cocos to the buyer (who must give us their Polkaswap address).
The funds raised will be used exclusively to provide liquidity (this is not an ICO, but an ILO).
To take advantage of the benefits, all you have to do is enter your Polkaswap address in your profile on Cocote.com, which will tell us how many tokens the user has (with a simple verification mechanism).
Interestingly, owners of golden cocos will also be able to farm them for liquidity on Polkaswap and receive passive pswap income (moduloimpermanent loss risk).
PS: There is a 30% bonus until Friday. For example, €100 entitles you to 1,300 golden cocos.
Why did you choose Polkaswap and therefore Polkadot as your partner?
Our crypto project isn’t new, but we’ve been waiting for a high-performance / environmentally-friendly / cross-chain DEX using a popular blockchain.
Ethereum with Uniswap, for example, was not suitable:
– not cross-chain (wrapped);
– the chain is still based on POW (not very environmentally friendly);
– transactions can be slow and expensive.
Polkaswap is the first project in the Polkadot eco-system to tick all the boxes with an operational product using IPFS in soft launch. This project is here for the long term and I wouldn’t be surprised if it overtakes Uniswap in the next few years.
The Polkaswap team is very responsive on Telegram, and we work closely together. For example, the golden coco icon will be displayed on Polkaswap in the next few weeks and the price/liquidity/volume of golden coco will be displayed almost in real time on all Cocote.com pages via API sockets.
How much crypto do you recommend buying to get started?
We ask for a minimum of 0.05 ETH on the private presale.
After that, the only advice I’d give (and as it’s rightly customary to say) is not to invest more than you’re prepared to lose.
What’s the ‘little extra’ about Golden Coco compared with other cryptos?
This project is different from other crypto projects in that we already have a product in operational beta (developed and managed by our team in France, which took several years of work) that is appreciated by our users.
In fact, in the crypto world, it’s customary to sell the dream(whitepaper) and get investors on board with this promise, which unfortunately is often not fulfilled (over 90%).
Here, it’s the opposite: we’ve already done a good part of the job and are launching our crypto to enhance our product.
What’s more, it’s a 100% French project focused on responsible consumption (eco-score, a thousand trees planted).
As the creator of a crypto, what advice would you give to beginners looking to invest in virtual currency?
One piece of advice is to DYOR(do your own research) before you buy, only buy if you can answer a series of questions:
- What am I buying (what am I investing in)?
- What return can I expect from my investment and how quickly?
- What are the risks of losing my investment?
- Is the team behind the project competent and trustworthy?
- Is there already a product in the pipeline and what is it worth?
- Is there a potential speculative bubble in the sector associated with the project?
- Is my investment ethical and useful to society?
- Can I trust the intermediary investment platform?
- How will I be taxed on my capital gains?
- How much money do I have to invest in this project (never invest more than you are prepared to lose)?
