Check out the chats if you want to hear the buzz…
The white paper is up and the discussion is on.
After weeks of mounting speculation, Paragon made it official Tuesday, announcing pre-sales had begun for its token crowdsale, which runs officially from September 15 to October 15.
CEO Jessica VerSteeg and rapper/Paragon advisor theGame have grabbed headlines with a few teaser videos and posts on social media, some of the best discussions are taking place directly between the budding community and the visionaries behind Paragon’s unique take on crypto, the blockchain and cannabis.
Those who are in the know can tell you — Telegram & Slack are where the truly interested gather. Hot tip? This is where you can probably find answers to the questions you’ve been asking yourself — and a whole lot more. From economic particulars of “the model”, (What percentage of revenues will be generated from coworking?), to celebrity details (Is theGame really an advisor?). Whatever the topic, Slack and Telegram are where you’ll see the real questions — and the real facts — coming out.
Highlights of the past 48 hrs:
- Where & how can the token be purchased during the presale period (which began August 15)? Right here in the crowdfunding section. A 25% discount is being offered with a minimum purchase of $25,000 or crypto equivalent. You can pay with Bitcoin, Litecoin, Ripple, Dash, Ether Classic, Ethereum, NXT, Waves, Moreno, ZCash. When the crowdsale begins Paragon will sell 100 million Paragon tokens at $1 each from September 15th, 2017 through October 16th, 2017. There will be no minimum purchase during this period. Also, a special alliance with IOTA (stay tuned for more details on that next week!), offers a discount for purchases made with IOTA tokens.
- Is the Paragon Token is a security? Several execs from Paragon were quick to explain the important distinction. The Paragon Token is a “utility token,” because it is tied to active participation in a decentralized network of governance. Paragon has tried all application techniques with the Howey test and passed. Another important fact to point out — the token itself does not facilitate the purchase of cannabis. Rather, it utilizes blockchain technology to provide an immutable ledger. This can then be used by the industry to track all aspects of the supply chain — from seed to plant to patient.
- Who is the community? Anyone with Paragon Coin (and that means you!). The crowdsale creates an ecosystem for the cannabis community through the online platform. The community has a controlled fund, the distribution of which is determined by the community based on the projects they vote for. A single token holder is considered part of the community. The more tokens one owns, the more “weight” in the decision making process.
- What is a Paragon Space? The company has planned a chain of high-tech, fully equipped Paragon centers in areas where cannabis is legal. Within the co-working spaces, individuals can find the support of a like-minded community, as well as receive mentoring, legal and business advice, and access to a shared knowledge base of industry information.
Join the conversation and get educated! You can subscribe to both Slack & Telegram at the website!
