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--- business:funding:equivalue_digital_currencies [2023/10/13 20:46] – wikiadmin
+++ business:funding:equivalue_digital_currencies [2023/10/13 21:03] (current) – wikiadmin
@@ Line 6: / Line 6: @@
 If any digital currency is inactivated for any reason. Then 1 ETH shall be put in its place.
+If ETH becomes inactive then 25 LTC shall take the place of the inactive currency or commodity.
 Equivalue digital currencies label : KN Selection 13 Oct 2023
@@ Line 22: / Line 24: @@
 |9|grams of silver gAg|2565|
 |10|grams of gold|25|
+|11|Kilograms of Rice|4400|
+|12|Kilograms of Wheat|7350|
+----
+Rates for digital currencies shall be from https://coinmarketcap.com/
+----
+The following two commodities rates are to be taken from
+https://tradingeconomics.com/commodity/rice
+USD 16 per cwt(US) = 45.4 KG = USD 0.35 per KG
+What Is a Hundredweight (CWT)?
+A hundredweight (CWT) is a unit of measurement used to define the quantities of certain commodities being bought and sold. It is used in some commodities trading contracts. Pricing by hundredweight also is a standard option for shipping packages that take up less than an entire truckload. Usage of hundredweight more generally has declined in favor of contract specifications in pounds or kilograms.
+The value of a hundredweight differs in its American and British usages. In the United States, a hundredweight is a unit of mass equal to 100 pounds. In the United Kingdom, a hundredweight is a unit of mass equal to 112 pounds. The two values are sometimes distinguished by referring to the American hundredweight as a "short hundredweight" and the British hundredweight as a "long hundredweight." The short hundredweight is also sometimes called a "cental."
+In the United States and Canada, 1 hundredweight count (CWT) is equal to 100 lbs., or 45.4 kilograms. In the Great Britain, 1 hundredweight count (CWT) is equal to 112 lbs., or 50.8 kilograms.
+----
+https://tradingeconomics.com/commodity/wheat
+Bushel of wheat = 60lbs = 27.216 kg = cents 577
+=> USD 0.21 per KG.
-There are only 10 items in the selection.
-The following two commodities are not added because their rates vary based on the location.
-|11|Kilograms of Rice|1322|
-|12|Kilograms of Wheat|4281|