ALLCARIB COINS QUESTIONS:

asked by Lisa Grainger of Trinidad & Tobago

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What is the AllCarib Coin and why choose the Caribbean to begin this new Venture?

AllCarib Coin is a cryptographic currency with a purpose. We all know that one should take care of home first. As the founder of AllCarib Coin choosing the Caribbean was easy for me because I also call the Caribbean home. My parents were born and raised in the Caribbean. My mom is from St. Kitts & Nevis and my father is from Antigua & Barbuda. In the rest of the world, there are so many other people utilizing and applying crypto-currency solutions to resolve the economic and financial hardships that they are facing. For me, it made perfectly good sense to bring these solutions back home to the Caribbean.

Covid-19 has caused a major destruction across the Caribbean and has affected economies. Do you believe that the ALLCARIB Coin at this time will be the solution for the people of the Caribbean?

Yes, AllCarib Coin will be a great solution for our current situation and an absolute positive game changer for the future development of the Caribbean as a whole.

Can you help us understand some of the terms associated with crypto, coins and token?

AllCarib Coin is a cryptographic currency that is backed by the Ethereum blockchain

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How and where does one obtain a coin?

AllCarib Coin will be available for purchase on our website.  www.allcaribcoin.com

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What is Cryptocurrency and how is it used?

Cryptocurrency is the new media that has the ability to process all purchases made from many different places around the world. It is fast and very secure. Our normal way of processing transactions using various countries funds (fiat currency) is in many cases either cumbersome or the countries money is so devalued that it can not be used for very much commerce.

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How are Cryptocurrencies transacted?

A Crypto transaction is sent to a pool where every member of the pool has a copy of all of the transactions to date. This is called consensus which must be agreed upon by all member (Miners).

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What is the difference between Bitcoin and Blockchain?

Bitcoin is the cryptocurrency and the blockchain is the mode of transportation.

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Who sets the price for the bitcoin cold storage wallet?

The wallet is free to all if it is software based. There are other wallets that are hardware based. These are called ledgers and they allow for your cryptocurrency to be housed offline.

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How can this diversify the job market and create job opportunities to the people of the Caribbean?

We plan to use the AllCarib Coin to diversify the job market and create job opportunities, by making it a major resource. A lot of the money generated through the sales of AllCarib Coins will be reinvested into new projects, education, jobs and career readiness. The technology behind AllCarib Coin, which we will be sharing soon,  will also create new opportunities for the region.

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What is the cost of a coin and how is it purchased?

The market determines the value of the coin, and it can be purchased on any major exchange as well as from the CDABEX wallet software.

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How and where does one obtain coin?

The market determines the value of the coin, and it can be purchased on any major exchange and also from the CDABEX wallet software

How does it work and who controls it?

AllCarib Coin is a decentralized asset. The price of the coin is determined by the quantity of users and its trading volume.

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Can you convert the AllCarib Coin into flat currencies?

AllCarib Coins can be easily converted into fiat currency. The CDABEX exchange is set up to handle any needed conversions immediately.

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What are the advantages and disadvantages of this venture?

AllCarib Coin will be an amazing resource as more and more people purchase and use the coins in their everyday lives. In many ways, the term “the more, the merrier” applies. Mass adoption by the people of the Caribbean will make the goals of AllCarib coin even more obtainable. The AllCarib coins mission is to create a win-win for all.

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ALLCARIB Coin claims to be able to bring major improvements to areas such as agriculture, water and electricity how is this possible?

The AllCarib Coin team will be establishing special relationships with many providers and government entities. We intend to help them overcome the cost of bringing on new technology, achieving higher outputs and greater efficiency in the services they supply, while also lowering the overall cost to the consumer. The cost of borrowing money can be very high in the traditional lending scenarios. By leveraging the AllCarib coin as an appreciating asset, that cost can be greatly reduced

What are some of the top cryptocurrencies and how do you think the Caribbean region will respond to this type of business activity?

Cryptocurrencies ratings change on a day to day basis based on the market trends. We believe that the Caribbean region will respond favorably and greatly appreciate what the AllCarib coin can do for everyone. This is one of the only digital coins that is specifically focused on the betterment of the Caribbean region.

 

We have often heard that cryptocurrencies are used for illicit/illegal activities, is this true?

AllCarib Coin is a digital currency/asset with a purpose. It was designed to bring about positive changes. There will always be people in the world who will try to turn a positive situation in to a negative one. This is not what we are about and we will not encourage such behavior.

Beyond a method for payments what are other functions of cryptocurrencies?

Cryptocurrencies are also used for certain security procedures and protocols

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What are your plans for the Caribbean in 2021?

To move the AllCarib coin from a vision to being a new resource for every family in the Caribbean.

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What steps should you take to safeguard yourself from bitcoin fraud?

Use the advance security features provided by qualified and legal wallets, exchanges and cryptocurrency providers. Never provide your personal information via text, email, or phone.

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Our tourism sector is behind our energy sector, which takes precedence in Trinidad and Tobago behind tourism, sports and culture. Do you think that this venture will survive in T&T knowing that we heavily rely on the oil and energy sector?

AllCarib Coin will support and improve all of these sectors and help build new sectors that will enhance the quality of life and financial well-being of all. In fact, the AllCarib coin will help bring the whole Caribbean region in to a better financial state.