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Summary of VKENAF
Key Points
- Richwork aims to solve environmental and energy problems through a bio platform combining BlockChain and Kenaf.
- VKenaf Chain provides transparency and security to consumers and producers.
- Kenaf is a fast-growing, eco-friendly crop with high productivity and absorption of carbon dioxide.
- VKenaf Chain’s goal is to cultivate 2,000,000 hectares of Kenaf farm, generating $75 billion in revenue.
- VKenaf Token is required to access the platform and its services, driving its value through 7 convergence mechanisms.
- VKenaf Chain aims to create a new market space in Southeast Asia and expand across Asia.
About VKENAF
At the forefront of innovation, VKENAF is a pioneering force in the realm of cryptocurrency and blockchain technology.
Richwork is pioneering a novel bio platform that converges blockchain technology with Kenaf, one of the world’s top four textile crops, to tackle the pressing environmental and energy challenges confronting humanity. Our innovative VKenaf Chain, which synergistically integrates Kenaf and blockchain, strives to establish a more transparent and secure ecosystem within our industry, ultimately benefiting both consumers and producers alike.
Blockchain technology facilitates a decentralized and democratic approach to decision-making, ensuring the validity of collective agreements. By distributing power evenly among all participants, it enables a collaborative and inclusive process, where decisions are made through a majority consensus, with each participant contributing to the decision-making process.
Kenaf, the foundation of the VKenaf Chain, is a unique, fast-growing herbaceous plant native to West Africa. It boasts exceptional characteristics that set it apart from common plants, earning it recognition as one of the world’s four largest fiber crops. This versatile crop yields approximately 25,000 products, which are utilized in diverse fields of daily life and industries, including pellets, pulp, and bioenergy. Furthermore, kenaf is distinguished by its remarkable productivity, allowing for three harvests per year, and its eco-friendly properties, which enable it to absorb a substantial amount of carbon dioxide.
Kenaf boasts remarkable advantages in environmental remediation and resource development. In the realm of environmental cleanup, kenaf exhibits two primary characteristics. Firstly, it possesses a superior ability to undergo photosynthesis at a rate 40 times faster than that of forests, thereby reducing carbon dioxide, the primary culprit behind global warming, and producing a substantial amount of oxygen. Secondly, kenaf plays a pivotal role in water quality purification, thanks to its exceptional absorption efficiency of nitrogen and phosphorus in water. Moreover, it is capable of purifying sewage, as it can thrive up to 6m in height when cultivated using wastewater. In terms of resource development, kenaf is utilized in a diverse array of applications, including pulp, deodorants, soil conditioners, soundproofing agents, wallpaper, oil absorbents, food, nonwoven fabrics, and more, seamlessly integrating into the daily lives of modern individuals.
On average, Richwork can cultivate approximately 25 plants per square meter, yielding around 25 kilograms of Kenaf per square meter. Our production capacity reaches 250,000 kilograms of Kenaf per hectare, and VKenaf Chain aims to cultivate at least 2,000,000 hectares of Kenaf farms. As of 2020, the price of Kenaf per ton is $150, generating a profit of $37,500 per hectare. Upon achieving our goal of cultivating 2 million hectares, we anticipate generating $75 billion in revenue, with the potential to maximize profits by cultivating three times a year.
VKenaf Eco Platform comprises a comprehensive suite of components, including Vkenaf Blockchain, Vkenaf Token, decentralized applications (DApps), a global exchange, wallet, core system, and more. Notably, VKenaf Chain is the world’s pioneering specialized Kenaf production and distribution company, operated by a decentralized peer-to-peer (P2P) network system. The platform’s seven key convergence mechanisms drive the value of VKenaf Token upward. Firstly, VKenaf Token is mandatory for accessing the platform and its services. Secondly, traders must possess VKenaf Tokens to participate in the VKenaf Chain market. Thirdly, purchasing Kenaf’s raw materials from VKenaf Chain requires VKenaf Tokens acquired from the trading market. Fourthly, acquiring products within VKenaf Chain is only possible with VKenaf Tokens. Fifthly, traders of VKenaf Chain products will accept VKenaf Tokens received from consumers in the market as a payment method. Sixthly, workers at Kenaf plantations and factories will accept VKenaf Tokens as a payment method. Lastly, retaining VKenaf Tokens is necessary to receive dividends from VKenaf Chain. Due to these seven mechanisms, the Token will have its own demand-driven economy, and its value will be completely independent of speculative ecosystems. Consequently, the value of VKenaf Token will remain unaffected even if other cryptocurrency markets were to collapse entirely.
VKenaf Chain harbors the ambition to pioneer a novel market space, harnessing the transformative power of Blockchain technology. The project’s development journey commences in Southeast Asia, with a strategic vision to expand its footprint across the entire Asian continent.
Presently, VKenaf Chain is undergoing an ambitious expansion of its Kenaf cultivation farms, strategically situated in key regions of Vietnam and Cambodia, thereby securing a steady supply of high-quality raw materials.