What is Cannacoin?
Cannacoin Classic($CCC) is an alternative, instant payment system for the cannabis industry. It was first deployed on March 28, 2014 as a solution to the "cash only" predicament set on growers, dispensaries, and consumers alike through Federal regulation as well as a response to the Global Financial Crisis of 2008. It was the brainchild of the pseudonymous Subtoshi, the founder of the popular, but now defunct, "NWGT.org" (Northwest Green Thumb) online medical cannabis forum based in the Pacific Northwest. Cannacoin (ERC20) picks up where Cannacoin Classic left off. It is a smart contract based token and is intended for use within the independent, medical, and recreational cannabis communities as a medium of exchange, a unit of account, and a store of value for cannabis and cannabis related products and services, worldwide.
- Wellness, safe access, and harm reduction is what Cannacoin strives for.
- Cannacoin is smarter, more efficient, and safer than traditional money.
- Bitcoin is too precious to spend on everyday purchases such as cannabis.
Countdown To Cannacoin Prime
Our "To-Do" List
Conduct thorough research on the cannabis industry, including market size, current payment methods, and regulatory landscape. Identify any specific pain points or challenges that a cryptocurrency could address.
Ensure that the cryptocurrency complies with all relevant laws and regulations, including those related to money transmission and consumer protection. This may involve working with legal counsel and regulatory bodies.
Build the cryptocurrency and its associated infrastructure, including wallets, exchanges, and payment processors. Conduct thorough testing to ensure the stability and security of the system.
Promote the cryptocurrency to potential users and stakeholders within the cannabis industry. This may involve building partnerships with industry organizations, attending conferences and trade shows, and conducting educational campaigns.
Roll out the cryptocurrency to the public, focusing on onboarding early adopters and building a strong user base. Monitor adoption metrics and user feedback, and make any necessary adjustments to the cryptocurrency's features or business model.
Maintain and improve the cryptocurrency over time, including adding new features and partnerships as needed. Continuously assess the market and industry trends to ensure that the cryptocurrency remains relevant and valuable to users.
Frequently Asked Questions
Who created Cannacoin?
Cannacoin is a cryptocurrency that was initially created to aid members of the online medical cannabis forum, Northwest Green Thumb. Launched in 2014, the project aimed to provide a secure and convenient way for users to handle transactions in the cannabis industry. Despite some initial fears and backlash, a dedicated group of developers continued to support the project, leading to the creation of a new smart contract based token, known as Cannacoin (ERC20). This updated version of Cannacoin seeks to build on the success of its predecessor and provide a more secure and streamlined solution for cannabis transactions. With the continued growth of the cannabis industry, Cannacoin is positioning itself as a leading cryptocurrency for the sector.
What is Cannacoin Classic?
Cannacoin Classic is the trailblazing cryptocurrency that was created in 2014 to serve the cannabis industry. The original coin was built by Subtoshi and JamesonWA and was deployed on the Northwest Green Thumb network. Despite the passage of time, the open-source project has maintained its relevance, supported by a devoted team of developers. In an effort to continue the legacy of Cannacoin Classic, the development team has released a new smart contract-based token, Cannacoin (ERC20), which promises to build on the successes of its predecessor while incorporating the latest advancements in blockchain technology. The new token is designed to bring even more security, scalability, and accessibility to the cannabis industry, making it a valuable addition to the world of cryptocurrencies.
Why should I use Cannacoin?
Cannacoin offers a safe and secure solution for cannabis transactions. Unlike traditional banking methods, cannacoin operates on a decentralized system, providing a fast, low-cost and private transaction option for cannabis businesses and consumers. The risk of handling large amounts of cash and the hassle of working with banks are eliminated with cannacoin. By adopting this technology, you are joining a growing community of cannabis enthusiasts who believe in the power and potential of cryptocurrency. Join the future of finance and simplify your cannabis transactions with cannacoin today.
How can I acquire Cannacoin (ERC20)?
We are giving new members of our Discord a small amount of Cannacoin (ERC20) for joining up and will be airdropping larger amounts to members over the next few months. If you are an existing holder of Cannacoin Classic, you can get and equal amount of Cannacoin (ERC20) for your coins on a 1:1 basis until January 1st, 2023. Please contact us.
What is the max supply of Cannacoin (ERC20)?
The max supply of Cannacoin (ERC20) is 13,141,591. It is a prime number based on Pi. It is approximately the same max supply that Cannacoin Classic was for financial parity.
What blockchain is Cannacoin (ERC20) built on?
Cannacoin Classic is a cryptocurrency derived from Litecoin and operates on its own proprietary blockchain. The latest version of Cannacoin, Cannacoin (ERC20), is built on the Avalanche blockchain, a high-speed and low-cost blockchain solution. With its utilization of smart contract technology, Cannacoin (ERC20) offers elevated security, transparency, and decentralization in comparison to the original Cannacoin Classic. Transactions conducted on the Avalanche blockchain are fast and affordable, with an average transaction time of less than 10 seconds and low gas fees. Furthermore, the Avalanche blockchain prioritizes usability, scalability, and security, making it an ideal platform for the new version of Cannacoin.
What is the contract address for Cannacoin (ERC20)?
Cannacoin (ERC20) can be found on Snowtrace.io and you can easily find the contract address listed there along with other pertinent information about the token as well as a complete transaction history.
Where do I download the Cannacoin (ERC20) wallet?
As of now, MetaMask is the preferred wallet for Cannacoin (ERC20). In the future, we will be rolling out a proprietary socially enabled wallet so you can add and chat with your friends as well as exchange Cannacoin (ERC20) and more.
Are you hiring?
Yes. We are always on the lookout for new talent and support. Please contact us and let us know a little bit about your background and what cannabis and cryptocurrency mean to you. We look forward to hearing from you soon.
CEO of Grass Haus StudiosProject Founder
President of Grass Haus StudiosProject Founder
439 Inks Rd, Wenatchee, WA 98801