Cannabis Currency Review: Cannabis Coin (CANN) 5/5

Original Post

CannabisCoin is a cryptocurrency launched on 4/20/2014, intended for cannabis purchases at registered dispensaries. In October of 2014 CannabisCoin started the Yes We CANN program where medical dispensaries sell a supply of cannabis at a rate of one CannabisCoin per gram.

The coin has been backed by partnerships with growers who grow CANN-registered plants to supply dispensaries who sell limited amounts at 1 CANN per gram of weed. Dispensaries can sell non-registered plants from their own inventory using the current exchange rate for CANN. The team was based in Phoenix, Arizona but went dark around 2015 until a group resurfaced to try and rehabilitate the coin.

CannabisCoin’s is currently designed to be mined with consumer grade hardware using a proof-of-work consensus algorithm that did include a premine but it looks like they’ll be switching to a proof-of-stake or hybrid algorithm eventually. Coinmarketcap shows a market cap around $2 million with the price currently at $0.0256.

If you have any experience with CannabisCoin or information to share please feel free to comment below.

========================================

Thanks For Reading Perpetual Growth Crypto!😃

Sharing useful information is how we build value together and I’m extremely grateful to be a part of the crypto community!

New to crypto? Here are some helpful links!

Buying crypto?
Use Coinbase to buy and sell BTC, ETH, and LTC using my referral link and we both get $10 when you buy your first $100 in coin!

Coinbase alternative
Try Changely

Wallet
https://www.exodus.io/

Price Information
https://coinmarketcap.com/
http://www.coincap.io/

This article is not intended for and should not be construed as financial advice. Do your own research before investing and never risk more than you can lose!

========================================

Your donations are greatly appreciated! 😃

Bitcoin: 17KjLN1SLrWVHcuz1sih6hU2nLTECJvwpT
Ether: 0x16360998526cead5cb6804ff4fc4798593f4a98d
Litecoin: LdTP9gzG9SmnyHo9GPzhZ4dG6jfqjKSk3D
Dash: XnEe4Jx8xAXBm76fuKBXKxUsMLavPzBkNm
Golem: 0x16360998526cead5cb6804ff4fc4798593f4a98d

Donations go to promotion and site maintenance for www.perpetualgrowthcrypto.com, www.steemit.com/@pgcrypto, and to help spread useful information about cryptocurrency!