BitCanna, BitSong, and Ki Chain Are Now Available on Emeris Beta
We’re pleased to announce that IBC-integrated chain BitCanna (BCNA) is now available on Emeris Beta. As a BitCanna user, you can now transfer, swap, and participate in liquidity pools using your BCNA tokens, as well as view your token balance.
BitSong (BTSG) and Ki Chain (XKI) have also been integrated with limited functionality. Users can check their BTSG and XKI balances conveniently from within one place in the Emeris Beta dashboard but the swapping and pooling features will be added in the coming weeks.
About BitCanna (BCNA)
BitCanna is a decentralized payment network that leverages blockchain technology for the legal cannabis industry, offering services and an alternative payment solution that allows businesses and customers to easily connect and interact in order to facilitate transactions. It launched its new Cosmos-SDK blockchain in late September 2021, enabling more speed, scalability, and interoperability within the Cosmos ecosystem.
Transparency is key within the cannabis market — to develop a healthier and more open marketplace, BitCanna aims to add a mechanism to track supply chains by leveraging the blockchain, thereby fostering greater trust. Through the BitCanna Mobile app, users will be able to explore the nearest cannabis shops and associated reviews, learn about product quality, and upload their own digital ID to make purchases — it’s not yet supported by the new network, but will be made available soon.
The project created the BitCanna Alliance in order to organically spur greater adoption through partnering with over 75 businesses within the European cannabis market. including reputable banks and dispensary firms. Through this collective effort, these businesses work with legislators to help expand and improve upon the cannabis market so it can become more accessible and legally compliant for everyone.
BCNA is the network’s native token that helps power its payment system and serves as a secure, fast, and decentralized currency solution to transact on the BitCanna blockchain. Consumers and merchants can utilize the coin to eliminate middlemen when facilitating cannabis-related transactions, and regulatory institutions can audit and tax cannabis businesses more easily through viewing token activity thanks to the blockchain’s immutability.
About BitSong (BTSG)
BitSong is a multifunctional blockchain-based ecosystem built on Cosmos-SDK to empower the music industry. It unites artists, fans, and distributors in an environment where music, merchandise, and fan loyalty are assets of value. Artists tokenize their music and restore a new equilibrium where art, real engagement, and passion win.
BitSong’s decentralized ecosystem of services provides the global music community with a trustless marketplace where artists now have royalties in real-time and new revenue streams since they own an economy based on tokens, Fan Tokens, and NFTs, all powered by the BTSG token.
The BitSong blockchain operates through a Delegated Proof of Stake (DPoS) consensus mechanism and is IBC-enabled, allowing its blockchain to interact with other interconnected Cosmos chains within its ecosystem. NFTs back the various forms of digital media that can be created on BitSong, including music, art, videos, and more. This means that all content on its platform is completely immutable and comes with provable ownership, making every creation unique to the original artist.
A fan token is a cryptocurrency issued for the benefit of star performers — whether that’s a world-famous rock band, or an up-and-coming solo talent and their fans. They also allow artists to create their own channels in order to generate new revenue streams and keep a close relationship with fans.
BTSG is the ecosystem’s native token and the engine of it, which can be used for validating transactions, staking to earn high-yield rewards, paying transaction commissions, or fan tokens/NFT creation fees. Users can also sell their NFTs and receive BTSG or Fan Tokens as a form of payment and vice-versa.
About Ki Chain (XKI)
Ki is a blockchain platform built on Cosmos SDK offering a wide variety of products that provide users with an easy and seamless way to engage in DeFi operations, increasing access to financial opportunities. The Ki Foundation is creating a strong and fair ecosystem of value by deploying a new currency with a sustainable business model. Its blockchain uses a Delegated Proof-of-Stake (DPoS) consensus mechanism that’s made up of validators and delegators who help support and power the network.
XKI is the unique asset serving the ecosystem and can be utilized to access its many features and services, such as asset management, trading, staking, and yielding. XKI can be stored in the Ki Desktop Wallet. The XKI token is now only accessible on Cosmos DEXs as the Ki Foundation has committed 100% of its resources and energy towards the future of the Cosmos ecosystem.
The vision of the Ki Foundation is to create a bridge between traditional and decentralized finance through an ecosystem of products. These include Klub, an exclusive private wealth club helping high-earning individuals to spend, store and invest their capital through CeFi and DeFi opportunities, Klub Staking, and other products as diverse as an insurance product or an NFT play to earn game: Cosmon.
Learn more by visiting Klub’s website
Learn more by visiting Ki Foundation’s website
Be sure to keep checking here for updates and follow us on Emeris socials as well. We’ll be adding more chains to Emeris Beta and providing you with details of more exciting features coming up very soon.
