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Demeter Chain is a blockchain project that integrates advanced blockchain technology with Internet of Things (IoT) to optimize the organic food supply chain. Launched in 2019 by a robust team based in Singapore, the project is a child chain of Waltonchain. It stands out by leveraging blockchain’s immutable ledger capabilities along with Waltonchain's RFID chip technology, enabling enhanced traceability and transparency for the organic food sector. This initiative mainly aims to ensure the authenticity and safety of organic food products by establishing a secure, verifiable information channel across various stages of the supply chain. The incorporation of Waltonchain’s infrastructure lays the technical groundwork for tackling significant agricultural challenges through a seamless fusion of IoT and blockchain. The project highlights the potential of blockchain technology beyond finance, focusing specifically on real-world issues related to food provenance and safety. The Demeter Chain ecosystem utilizes the native DMTC token to facilitate transactions, further supporting its operational model and traceability objectives. Governance mechanisms appear to stem from the parent chain, al...
Demeter Chain is a blockchain project that integrates advanced blockchain technology with Internet of Things (IoT) to optimize the organic food supply chain. Launched in 2019 by a robust team based in Singapore, the project is a child chain of Waltonchain. It stands out by leveraging blockchain’s immutable ledger capabilities along with Waltonchain's RFID chip technology, enabling enhanced traceability and transparency for the organic food sector. This initiative mainly aims to ensure the authenticity and safety of organic food products by establishing a secure, verifiable information channel across various stages of the supply chain. The incorporation of Waltonchain’s infrastructure lays the technical groundwork for tackling significant agricultural challenges through a seamless fusion of IoT and blockchain. The project highlights the potential of blockchain technology beyond finance, focusing specifically on real-world issues related to food provenance and safety. The Demeter Chain ecosystem utilizes the native DMTC token to facilitate transactions, further supporting its operational model and traceability objectives. Governance mechanisms appear to stem from the parent chain, although details remain sparse. Operating on Ethereum, Demeter Chain utilizes the platform's decentralized security and smart contract functionality, enhancing trade processes within its smart micromarket environment. This focus aligns with its stance of decentralizing food supply chains, promoting transparency, and fostering consumer trust.
The project centers on connecting producers and consumers in innovative ways, possibly through creating smart micromarkets where organic goods are traded transparently and efficiently using the native DMTC token. As a child chain of Waltonchain, it benefits from its association with an ecosystem focused on IoT integration, advancing efficiency and interaction within food systems. The emphasis on IoT collaboration ensures that Demeter Chain plays a significant role in enabling interconnected and efficient agricultural processes. Covering agricultural production, warehousing, logistics, retail, and post-sale stages, the project envisions a comprehensive approach to solving supply chain inefficiencies, particularly in the organic food niche. Its intricate technical architecture with Ethereum’s reliability also opens new avenues for automated, trustless transactions. By providing a robust blockchain solution to tangible industry challenges, Demeter Chain sets itself apart as an innovative contributor to the Web3 landscape with a clear commitment to addressing both technological and sectorial needs.
Demeter Chain (DMTC) is a cryptocurrency that was launched in 2019 and operates on the Ethereum blockchain. With a total supply of 1,000,000,000 tokens, it is part of the 'Other' category in cryptocurrencies and is identified by the 'token' tag. Despite being traded on one active market, its circulation supply is currently at 0.
You can acquire Demeter Chain tokens by trading on the market where it's currently listed. While it’s important to check the specific exchange supporting DMTC, make sure to conduct due diligence before trading. The last known price was $0.00121518, but this can fluctuate based on market conditions.
Demeter Chain tokens represent a digital asset on the Ethereum platform, offering the potential for investment growth as part of a diversified cryptocurrency portfolio. The benefits range from providing liquidity in compatible markets to potential staking opportunities if they are developed by the project in the future.
Demeter Chain distinguishes itself within the Ethereum ecosystem through its specific project goals and tokenomics, characterized by a total supply of 1,000,000,000 tokens. Its value proposition compared to other tokens largely depends on its adoption, use case implementation, and trading volume.
If you encounter trading issues with Demeter Chain, it's crucial to first check the status of the active market where it's listed, as low trading volumes can impact transaction execution. Additionally, visiting dmtc.io for official announcements or support can provide insights into resolving potential issues.
Despite being a lesser-known token, Demeter Chain's relevance in the crypto industry lies in its Ethereum base and potential integration into decentralized applications. As with any emerging token, its market position is subject to change based on broader market trends and adoption within the Ethereum community.
