TLDR: Kaldi is evolving, and so is the role of our native utility coin, Kaldicoin ($KALDI), within our growing ecosystem. As we expand, we are reimagining the coin to better reflect our ambitions, commitment to real-world value, and future opportunities.

To achieve this, we are temporarily pausing $KALDI to prepare for a new, more powerful version that aligns with our expanded vision. During this process, we will be airdropping all existing coin holders an equivalent value in USDC based on the current $KALDI market price (which is also the all-time-high), ensuring our community benefits during this transition.

This marks the beginning of an exciting new chapter. The reimagined Kaldicoin will offer greater utility, deeper integration into our ecosystem, and enhanced opportunities for holders to be part of the future macroeconomics of coffee, gold, and beyond. Stay tuned as we prepare to launch the next evolution of $KALDI—one designed to power an even more ambitious and impactful journey.

The Evolution of Kaldicoin

Two years ago, a group of experienced, award-winning finance professionals, coffee professionals and technologists formed Kaldi with a mission to fix the problem of smallholder coffee farmers getting screwed over by a broken economic model. The annual coffee market is worth over $250 billion and is rapidly growing, and 80% of the world’s coffee is produced by 12.5 million smallholder farmers. Almost half of them are living in poverty, and 22% are living on less than the price of a cup of coffee ($3.20) per day. Our team has decades of experience in finance, coffee sourcing and trading, logistics, tech, and large-scale humanitarian interventions. We’ve fixed major problems for millions of people before by using the power of entrepreneurship. We had a plan to fix coffee.

The How: Kaldi 1.0

We believe that blockchain and the dynamics of an integrated token economy can solve the financial inequality in the coffee industry in a way that simply paying farmers a little more fiat for their crops couldn’t.

We came up with several solutions and got to work on the first one, a blockchain-based coffee trading marketplace that rewarded farmers with Kaldicoin in addition to securing them fair-price fiat payments for their crops. We travelled and met coffee farmers in Colombia, Ghana, Peru, Mexico and beyond. We heard their stories and their challenges. We quietly launched Kaldicoin, our native utility token. It was a coin that we could show our partners on the ground. We focused on building and not on promoting. 

During this time, we learned that there was another group of producers, often in the same countries as coffee farmers, who faced challenges like those faced by coffee farmers - small-scale (or artisanal) gold producers. There are tens of millions of them, accounting for over $125bn of the $500bn annual gold trading market.

We returned to our original mission: to help lift millions out of poverty by rewarding and not financially burdening those who make it possible – the Kaldicoin community.  And we asked a question:

“What if we could stop smallholder coffee farmers and small-scale gold miners from getting screwed over by somehow combining them in the same value chain?”

We regrouped, went back to the drawing board, and created Kaldi 2.0.

The Future: Kaldi 2.0

We’ve built a new economic model that integrates elements of the economics of coffee and gold, benefiting producers, Kaldi ecosystem trading participants and most importantly, future Kaldicoin holders.

Kaldicoin is the heart of the ecosystem. It ties together all elements of our business and values, and it is how global smallholder producers and all Kaldicoin holders participate in the huge macroeconomics of coffee and gold. More than this, it’s a utility token that unlocks a host of functionalities within the Kaldi ecosystem, from ‘gold-backed’ NFTs for Kaldicoin-holding investors to fiat micro-loans for producers rewarded with Kaldicoin. 

What does this mean for Kaldicoin?

Evolution in the business has meant that a new iteration of $KALDI is required because new tokenomics have been designed to reflect the upgraded utility and dynamics of our business model and economy. 

Making our Holders Whole 

Our earliest supporters and current community are our most important assets. Therefore, we are compensating all Kaldicoin holders at the current market price (which is also an all-time high). 

We want to thank everyone who has supported us on our continuing journey. Our team is excited about the next chapter, and we can’t wait to share what we’ve been working on and our progress with you. You can expect our new whitepaper and roadmap very soon. 

If you believe in the future of coffee and gold, you believe in the future of Kaldicoin.

What existing Kaldicoin holders need to know

• We have taken a snapshot of the Kaldicoin (KALDI) market price
• Wallets holding Kaldicoin will be refunded with the USDC equivalent of their current Kaldicoin holding over the next week
• If you have any issues or questions, please connect with our dedicated TG support team here: https://t.me/+q_eBBXS0Jwc5Njk0