Peony Coin

Peony Coin (PNY) is a digital currency designed specifically for the decentralized economy in the agricultural sector. Its primary goal is to address issues in modern agriculture, where profit maximization often leads to reduced animal welfare and environmental protection. Peony Coin aims to revolutionize this by enabling consumers to directly purchase farm products from farmers. This concept, referred to as P2P (Pasture-2-Plate) agriculture, allows consumers to participate in farmland, individual animals, special agriculture services, and assets, receiving a share of the products produced like fruits, vegetables, cheese, meat, wool, etc​​.

Peony Coin is used to facilitate direct interactions between consumers and farmers, promoting environmentally friendly and sustainable agricultural practices. Through this system, consumers can engage in and support organic and animal-friendly farming, obtaining products at fair prices. Additionally, the Peony Coin ecosystem rewards its community members through various programs. These include interest on coins saved (Proof of Stake), compensation for providing hardware (Masternodes), and rewards for contributions and improvement suggestions (Bounties)​​.

Peony Coin was introduced by a user named depytvia on the Bitcointalk.org forum on April 16, 2018.