CannabisCoin: Meaner, Greener and backed by Marijuana
It is no secret that both Cannabis and Cryptocurrencies are seen as a sort of social taboo in the public eye. But an ambitious new altcoin is hoping to bring both of these issues into the light by promoting wider acceptance and spreading knowledge about the benefits of cannabis and cryptocurrencies. CannabisCoin (CANN) is a PoW (proof-of-work) peer-to-peer digital currency that enables instant payments to anyone in the world. CANN is based on the Bitcoin protocol but slightly different in that it can be efficiently mined with consumer-grade hardware since it is the “only X11 Coin that is....
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As its name suggests, CannabisCoin exists to help sick people acquire medical marijuana. But it does not do so in name only; each CannabisCoin is on track to become redeemable for 1 gram of a cannabis strain grown specifically for the CannabisCoin community. Recently, CannabisCoin announced a partnership with a prominent medical marijuana dispensary in Phoenix, Arizona. In addition to accepting CannabisCoin, the center will also host events to help educate patients about CannabisCoin. At these events, patients licensed to buy medical marijuana will have the opportunity to buy cannabis at....
Last week, the CannabisCoin price increased dramatically in anticipation of Monday's "Yes We CANN" event at the Phoenix-based Herbal Wellness Center. At the event, Arizona residents with permission to buy medical marijuana were able to use CannabisCoins for purchases. Additionally, a limited amount of marijuana was priced at a ratio of 1 gram to 1 CannabisCoin. Because the marijuana was worth so much more than the current CannabisCoin exchange price, investors began investing in CANN. However, now that the event is over the CannabisCoin price is falling back to pre-spike levels. Also Read:....
CannabisCoin's upcoming "Yes We CANN" event has caused the CannabisCoin price to surge-perhaps even higher than the customers who will use CannabisCoins to buy legalized marijuana at the October 20 and future Yes We CANN events. However, the recent CannabisCoin price increase has caused other marijuana-themed altcoin prices to falter. Also Read: CannabisCoin Price Gets High on Eve of Yes We CANN Event. CannabisCoin Price Gets Higher. From October 8 to October 15, the CannabisCoin price rose 585%. Though it briefly declined, the CannabisCoin has continued to rise as the October Yes We CANN....
CannabisCoin developer DeltaNine announced on Labor Day that they were pegging 1 CannabisCoin at 1 gram of medical marijuana. In an effort to promote the "YesWeCANN Movement" and all its members. The CannabisCoin team agreed to adhere to a determined ratio of 1:1 for CannabisCoin to grams of the "new green." A Firestarter Commodity-Cryptocurrency Agreement. Developers posted on the bitcointalk forums making announcement and updates that generated a lot of buzz. Developer DeltaNine wrote, "There will be more announcements to be made as the time comes when participating dispensaries are....
CannabisCoin (CANN) has so far, been a success. A coin backed by Marijuana, perhaps the world's most useful plant, has an obvious appeal for a large segment of the population. But with popularity comes scrutiny, and it wasn't long until some of the coin's competitors began pointing out inconsistencies in CANN's blockchain. Astute observers noticed that CannabisCoin's Rich list was dominated by a group of 27 addresses each holding 500,000 CANNs, and all coming from the coin's genesis block. Control of these coins was first denied by the developer, who later announced that the coins came....