kafeN is a time-conditioned share and a currency unit. Derived from sustainable production processes.
Food production and distribution system as a shared key asset to us all, combined with a dimension of time of production, processing and distribution of food products. kafeN represents a share in this system, as a time conditioned stock.
kafeN is a hybrid innovation tool that combines development finance, shares, alternative currencies, sustainable production and consumption.
kafeN stands for 1 unit of value corresponding to 1,000 grams of roasted, packed and sold arabica coffee produced and processed in a sustainable way. Benchmark for such product is the Maseual-Tosepan coffee produced in forests of Sierra Nororiental in Eastern Mexico. The monetary expression of kafeN is available here.
kafeN price is established by kafeN Exchange, operated by myELEN.com, but ultimately comes from the intersection between offer and demand.
kafeNs have unique codes, which correspond to purchased of 1,000 grams of coffee registered by the kafeNExchange. Only producers that produce in a sustainable way preserving ecosystems are authorized to be part of the system. Holder of the code is entitled to ownership rights.
kafeNs can be sold, traded, used as a remunerated financing tool, used as a discount tool for food purchases or exchanged against cash.
kafeN serves for purchase of other commodities listed in the system, such as cocoa.
kafeN holders can be considered shareholders, individual currency emitters, agents of development and guardians of smart human presence on Earth.
kafeN does prescribe, just like any natural assets. Currently, the period of maturity is 7 years. If kafeN is not exchanged against products or cash or employed for financing, it loses its value after 72 months.
What makes kafeN different from other alternative currencies?
1. The space-time factor. kafeN is not an abstract expression of value. Every unit corresponds to a product that had to be grown, processed, purchased and consumed, in a sustainable way in time.
2. Concept of value tied to sustainable ecosystems. Through the employment of kafeNs, we strengthen the cycles of smart production and consumption that not only support democracy and equity, just like fair-trade, but also production in natural ecosystem. Value in human society cannot exist without a link to biodiverse, healthy natural environment. Any other concept of value is incomplete, if it does not entail the surrounding.