A little while ago, we wrote an article on a fairly new altcoin, called CannabisCoin. Even though we explained why you can’t judge this cryptocurrency by it’s name, we understand there is still a bit of hesitation and worry about using a coin called CannabisCoin. Let’s see what they have been up to to counter those stigmas.
Some announcements have been made over the past few days. The first one talks about the total supply cap of CANN, which is 106 million. No forking or changed are required to ensure we can keep this cap, and not surpass it. This will also benefits the “peg”.
What is this “peg” , you ask? Well, one CANN will equal to 1 gram of medical marijuana. This means patients can get their medical marijuana at aggressively reduced prices, compared to when they have to pay with fiat currency.
Both growers and suppliers of medical marijuana, who are on board with the YesWeCann movement, have all agreed to this “peg” ratio. Once the procedure for delivery has been established and streamlined, delivery of medical marijuana for CANN can be almost immediate.
Speaking of medical marijuana, remember the CANNdy strains we talked about in our previous article? These strains have been finalized and are out of ¨beta testing”. Cloning of these strains will begin shortly, as “mothers” are being grown as we speak.
However, the CANNdy strains are not the only strains slated for CannabisCoin. From what we can gather, other strains are ready for distribution as well, and will all honor the 1:1 “peg” ratio. A most interesting development!
Official announcements :