Hello Carlos, thank you for your question.
We maintain direct contact with coffee producers located in Panamá, who will be the initial participants in the project. Additionally, we have established strategic alliances with regional organizations associated with the sector.
What about the laws and politics involved in RWA, loans and real users? Do you guys have any plan? Where are you guys based?
Also, where the liquidity comes from? Are you guys issuing any RWA collateral like coffee or something like that?
Hello, thank you for the questions, I will detail the answers:
What about the laws and policies involved in RWA, loans, and actual users?
We have over 10 years of experience in the conventional banking sector, giving us a deep understanding of the processes and regulations applicable to the entire corporate credit process, including agricultural loans. Our project integrates and manages each of the regulations maintained in Central America. RWA represents a trend to tokenize real assets, and in Central America, there is no specific regulation or Fintech law covering it. Therefore, oversight is carried out through state institutions backed by conventional banking regulators.
Do you have any plans?
To understand the details of how we will execute the project, I recommend reviewing the White Paper.
Where are you located?
Our initial scope is Central America.
Additionally, where does the liquidity come from?
We have initially developed an NFT collection as a crowdfunding mechanism seeking support from both traditional and digital investors.
Are you issuing any RWA-backed guarantees such as coffee or similar assets?
Our project does not require issuing guarantees; HarvestPay will be the creditor, and the producer receiving the credit will provide the collateral.
Sure, I get the point. I really like the idea and the project. I wish you a lot of success.
I have already mentioned that the project interests me very much 
One question , how do you intend to manage the delivery of coffee and future products worldwide? Will it become available immediately or do you have any areas you want to focus on first (Like Europe maybe)?
Hello VasaKing
En Central America, and specifically in Panamá, we possess one of the best logistics infrastructures in the region, particularly for commercial relationships that require Full Container Load (FLC) shipments with Maersk or CosCo Shipping. For retail sales, DHL provides a local service for shipping products such as coffee to retail users that we can leverage.
Currently, we are establishing connections in Eurasia and the Middle East, markets that presently represent the primary buyers of coffee in the region. The primary focus of the project is microcredits for producers; however, a significant component is the marketing of the farmers’ production through HarvestPay. The benefits obtained from marketing will be distributed to the holders of the NFT, which serves as the crowdfunding mechanism to advance the project.
While it is too early to fully unveil, we will have a section for NFT holders and blockchain users in general, where they can acquire limited portions of various coffee varieties slated for export.
Thanks.
Awesome. Thanks for the answers.
Keep building!
This is indeed a very meaningful and wonderful project!
I’m definitely going to mint Volcanicoffee’s NFT.
I have a question about Volcanicoffee’s NFT. Aside from a portion of the sales being shared, are there any other utilities? I love coffee, so I would be happy if Volcanicoffee could be delivered to my home.
Great initiative, keep it up guys!
This is really cool project, i will support this if this beacomes a reality on astar dapp staking.
Hello bao, the project initially aims to extend loans to coffee producers in Panama and Central America. To generate the liquidity required for this loan system, we’re introducing a commemorative NFT collection that celebrates the diverse coffee varieties we aim to showcase.
NFT holders will be entitled to a range of benefits, including:
Your suggestion about enabling NFT users to access and periodically receive limited quantity of each production that’s released for international sale is fascinating. Navigating the retail market can be challenging due to fluctuating demand, but we are confident that our sales team can craft something unique. We look forward to sharing more details with you before the collection’s launch, addressing this particular interests.
Thank you for your response! I’m looking forward to more updates!!
Interesting project! So the NFT = direct investment to the farmer?
Then we got the promise for the revenue of the coffee?
So there’ll be a financial report at least every quarter/half year?
Hello Eraki,
Thank you for your interest in our project. It’s important to note that NFTs do not constitute a direct investment for farmers from a conceptual perspective. The funds generated by NFTs are primarily allocated to support approved credits for farmers.
The NFTs will generate liquidity for the project, facilitating the execution of the necessary processes to grant credits to producers and carry out the sale of coffee. These credits represent an innovative service provided by the project to small coffee producers. To access this service, producers must undergo a formal process (conditions/terms) that will determine whether the credit is approved or not.
NFT holders will be entitled to a variety of benefits, including:
As part of our administrative functions, we are committed to presenting financial and operational reports semi-annually, covering the primary activities of the project. Additionally, our team will provide updates on the project’s execution periodically.
Isn’t it more complicated in your financial report if you put the 3 points that you gained from the project? Those 3 points will be reflected in the financial paper right esp. on the brand point? (as a brand is hard to value)
Also, the reward/payment from each point will be paid in stable/astr/your token?
As my last question, with NFT as a liquidity source, what will you do with dApps staking reward if granted? Do you put into income as part of the financial paper or spread only for team members? As per the last discussion, the return rate will be 6-12% pa from the loan. If 6-12% is the means return for loan and astr stacking in total, this is just like other Dapps.
Hello Eraki
1- We have established an audit process that ensures the proper supply of all financial information for the project. Internal and external audits will be conducted under IFRS (International Financial Reporting Standards), the main international financial standard. For external audits, we have reputable international companies such as KPMG and Deloitte.
It is crucial to emphasize that we are transitioning a Web2 business to Web3, employing comprehensive control mechanisms initially to ensure transparency across various investment modalities we will be utilizing.
2- The platform will primarily trade products in fiat currency. Subsequently, we will transfer this fiat to the Astar blockchain to exchange it for ASTR tokens and distribute rewards in ASTR to NFT holders. Currently, we do not have plans to launch our own token.
3- Applying for Dapstaking is not our initial priority, but if we decide by consensus to apply and are accepted, those benefits could be distributed as equitably as possible. A portion could be allocated to the team working on project growth, another portion designated as income to gradually increase capital for loans, and we could also consider distributing another portion to NFT holders. If the aforementioned is implemented, we would collaborate with our auditing team to determine the appropriate way to include this income in the report.
Deloitte and KPMG are large firms, I think being audited by them is kind of waste of money for small-scale Dapps corps. So, better with a small but reliable company.
I think that’s all in my concern! Good luck to your venture!
I am very much looking forward to the launch of this collection, I hope to become an NFT owner and support coffee growers 
Thanks for your support, we are really working hard.