Cryptocurrency and marijuana. Overview CannabisCoin
What is forbidden in some countries, in others - is allowed, and in the third - is the norm? Yes we are talking about marijuana.
Among cryptocurrency have a wide variety of coins that are under a concept or not having under itself nothing. Some cryptocurrency run by commercial companies, and some are linked to a particular community / market. In this review, we consider cryptocurrency started by marijuana market.
CannabisCoin (CANN)
Altkoyn, designed as a Payment solution for marijuana sellers in regions where marijuana is legal. According to the creators, 1 CANN = 1 gram of marijuana. Moreover, for each coin is a real gram product created specifically to support the coin.
Based on the concept creators, the cost of 1 CANN should range from $ 10 to $ 20 USD - such is the range of prices on medical marijuana in the United States depending on the state, pharmacies and variety. However, at the time of this writing, we have been able to purchase at a price CANN 12,000 Satoshi, which is about $ 0.04 in US dollars.
Either on the medical marijuana market since the launch of the coin there was a strong dumping or investors assess altkoyn otherwise.
At the same time the creators talk about the cost of binding the coins to the price of marijuana including in order to find the real value of 1 gram of the product. Roughly speaking, for design reasons, if 1CANN not rise in price to $ 10 and will cost, for example, $ 1, then people will be able to buy cheaper marijuana, investing in coins. This is a very bold move, which at a certain share of luck can seriously raise CannabisCoin course of the next two years. All that is required from the creators - and stock up on medical marijuana does not take investors willing to buy the product for cryptocurrency.
CANN, like other cryptocurrency, based on the Bitcoin protocol, but can be sourced hardware capacities middle class consumer. In other words, Mein CannabisCoin much easier than bitcoin.
Launch date: May 2014
Algorithm: X11, on the protection of ASICS
Maximum emission: 106 million coins
Reward block 105 CANN
Official website: http://cannabiscoin.net/
Potcoin (POT)
Another altkoyn designed to be a means of payment for legal marijuana commerce worldwide. At the time of writing, the price was 974 Potcoin Satoshi. The maximum cost for the entire period of the coin - a little more than 3,000 Satoshi.
Unlike CannabisCoin, the value of the coins is not fixed value of the product. First of all creators strive to create a payment instrument for sellers and buyers of medical marijuana, taking into account all the greater legalization of this product in the developed countries. According to the developers, it will allow the cannabis community to avoid the traditional problems associated with wire transfers and protect its market from macroeconomic problems.
Currently Potcoin take 37 companies listed on the official website altkoyna. For merchants who are ready to take Potcoin, a special loyalty program is designed. There are also a loyalty program for developers and distributors of ideas POT among sellers.
Launch date: 21 January 2014
Algorithm: scrypt
Maximum emission: 420 000 000 coins
Reward Block: 420 POT
Official website: http://www.potcoin.com/
MaryJaneCoin (MARY)
Altkoyn, launched in late September 2014 to become the head iprizvan market cannabis altkoynov due to attractive design, support for anonymous transactions, and special education line for novice users. The rest of this cryptocurrency not much different from their own kind.
Also interesting is the market response to the launch of cryptocurrency and the current situation on the stock exchange. As of October 9, the cost was only 170 MARY Satoshi that was almost 9 times less POT and nearly 100 times cheaper CANN. But on October 14 the price rose to 700 Satoshi and 16 October 3000 exceeded Satoshi. This growth - this is a normal situation for the new cryptocurrency, as the market has not yet determined the value of coins, and the decline may not be less intense and deep.
Launch date: September 2014
Algorithm: x15, from ASICs protection
Maximum emission: 15300000
Reward Block: 700 coins
Official website: http://maryjanecoin.com/
The situation with marijuana-Coyne generally presented very interesting. These forks are attracting a lot of attention, so they are formed around active community. Significantly, in one degree or another are cannabis-Coyne mission legalization of marijuana worldwide. In fact, using thematic forks, you can invest in the global market of medical marijuana as international settlements are becoming more relevant in this area, and the market is constantly growing.
By the way, it would be interesting to know how the authorities interpret the storage, for example, a user CannabisCoin, who lives in a country where marijuana is still outlawed?
sounds interesting. I suspect tying it to a certain weight would require a very uniform product
Would be a cool coin, seems like it could help transform the world if it could enable that
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