An equivalue of digital currencies is defined according to the rates at a specific date.
A collection of digital currencies is defined as a unit according to a date.
To use an equivalue of digital currencies, the selection and the date is mentioned and the selection is recorded with the amounts of each digital currency selected.
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
Selection contents :
| Item number | Commodity of currency | Quantity of commodity or currency |
|---|---|---|
| 1 | Etherium ETH | 1 |
| 2 | Litecoin LTC | 25 |
| 3 | Ethereum Classic ETC | 105 |
| 4 | Dogecoins DOGE | 26500 |
| 5 | DASH | 61 |
| 6 | Bitcoin Cash BCH | 7 |
| 7 | Stellar XLM | 15000 |
| 8 | Nano NANO | 26500 |
| 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
1 Bushel of wheat = 60lbs = 27.216 kg = cents 577 ⇒ USD 0.21 per KG.