WHAT IS BEEFNET?
Beefnet is a cash commodity exchange offering trading in products used by the cattle industry
deploying the latest Blockchain technologies. x The Exchange provides a centralized trading platform where
Best Buyers meet Best Sellers in trade matching that is designed to improve pricing for both. Buy and sell cattle at the time of your choosing and at the best price available at any given point in time.
Each transaction can build a Block on a Blockchain and allow settlement
and clearing according to Smart Contracts built into the Exchange's
trade protocols. The transfer of ownership of the cattle is processed
faster, more secure, with authenticated title using encrypted
transactions and funds transfers for only a small fraction of
traditional costs associated with other exchanges.
HOW DO I JOIN?
in Beefnet is free. Click here
to sign up. You will need to agree to a credit and background check before being approved as a Buyer or Seller. Once you are approved you will be able to participate in all Beefnet auctions that will be listed on the Exchange by auction dates.
WHAT ARE THE TRADING RULES?
The Trading Rules
are here at this link
. They may change from time to time but the current version will always be posted. The Trading Rules constitute the terms and conditions under which any product offered on the Exchange will be traded. Any trade matched on the Exchange and awarded to the highest bidder will create a contract of sale/purchase according to the terms. The terms reflect current industry standards.
WHO WILL BE THE BUYERS ON THE BEEFNET EXCHANGE?
The Buyers will be the largest feeding companies in the United States along with any other qualified buyers. The Exchange is designed to assure payment in immediate collected funds to the Seller following delivery so there never needs to be a concern about payment. The purchase money will be collected before delivery and held in a custodial account pending delivery and the final settlement sheet. Buyers will compete in a manner that assures competitive environment and best price for the seller.
WHAT ADVANTAGES DOES BEEFNET PROVIDE TO SELLERS?
New technologies creating a more efficient electronic marketplace on the Internet drive costs out of the system. New technologies such as paperless contracts, email or text notices, electronic funds transfers and automated bid screens operating on mobile, tablets, laptops or desktops deliver true friction free commerce to the livestock industry. Combining best price with lowest cost is always a winner. You current representative for selling cattle can buy you free tickets to the rodeo or buy your breakfast but they can't always get you the best price for your cattle.