We just bought back 2,450 @making_coffee_ consigned coffee at the price of $10.17 per bag.
This netted the consigners a GM% of 11.5% which would be the equivalent of a 15.7% APY.
We are happy to announce that @WenSwap_io just bought back 9% of the the Lot 20 - Kenyan Coffee inventory consigned to us by our community.
They earned at 4 month profit of 6.73% which equates to ~22% APY on the inventory they purchased.
More to come.
We have officially launched our WenSwap MVP
Here is a real use-case for NFTs
✅Tokenized Inventory (RWAs) in the form of an NFT
✅You consign that NFT to the business to sell the inventory for you
✅Once it is sold, you earn the gross margin on the deal & the NFT is burned