Cryptocurrencies and marijuana. Cannabis Coin Review
Chto v odnikh stranakh zapreshcheno, v drugikh — razresheno, a v tret'ikh — yavlyayetsya normoy? Yes, yes, we are talking about marijuana.
Among cryptocurrencies there are ' a lot of different coins that have a concept or do not have pod soboy nichego. Some cryptocurrencies are launched by commercial companies, and some are tied to one or inomu soobshchestvu/rynku. In this review, we will look at cryptocurrencies created on the basis of the marijuana market.
CannabisCoin (CANN)
Altcoin, designed as a payment solution for marijuana sellers in regions where marijuana is legalized. According to the creators, 1 CANN = 1 gram of marijuana. Moreover, behind each coin there is a real gram of a product created specifically to support the coin.
Based on the idea of the creators, the cost of 1 CANN should vary from $ 10 to $ 20 USD — this is the spread of prices for medical marijuana in the United States, depending on the state, pharmacy and variety. However, at the time of writing this material, we managed to purchase CANN at a price of 12,000 Satoshi, which is about $0.04 in dollar equivalent.
Either there has been a strong dumping in the medical marijuana market since the launch of the coin, or investors evaluate altcoin differently.
At the same time, the creators talk about linking the value of the coin to the price of marijuana, including in order to find the real value of 1 gram of the product. Roughly speaking, according to the developers, if 1CANN does not grow in price to $ 10 and costs, for example, $1, then people will be able to buy marijuana cheaper by investing in a coin. This is a very bold step, which, with some luck, can seriously raise the rate of CannabisCoin in the next two years. All that is required of the creators is to stock up on medical marijuana and not let down investors who want to buy a product for cryptocurrency.
CANN, like other cryptocurrencies, is based on the Bitcoin protocol, but can be mined with the hardware capacities of the middle consumer class. In other words, it is much easier to mine CannabisCoin than bitcoin.
Potcoin (POT)
Another altcon designed to become a means of payment for the sale of legal marijuana around the world. At the time of writing, the cost of Bitcoin was 974 Satoshi. The maximum value for the entire period of the coins' existence is a little more than 3000 Satoshi.
Unlike CannabisCoin, the value of the coin is not fixed by the value of the product. First of all, the creators seek to create a payment instrument for sellers and consumers of medical marijuana, taking into account the increasing legalization of this product in developed countries. According to the developers, this will allow the cannabis community to avoid the traditional problems associated with bank transfers and protect its market from macroeconomic problems.
Currently, 37 companies accept Bitcoin, which are listed on the official altcoin website. A special loyalty program has been developed for sellers who a
re ready to accept Bitcoin. There are also loyalty programs for developers and distributors of the POT idea among sellers.