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GMT Token

Cannacoin is a digital asset designed specifically for use in the cannabis industry. It was first launched in March 2014 as a solution to the challenges posed by the "cash only" nature of the cannabis industry due to federal regulation and the global financial crisis of 2008. It is similar to other cryptocurrencies such as Litecoin and Dogecoin, and is intended to be used as a medium of exchange, a unit of account, and a store of value for cannabis and cannabis-related products and services around the world.

Cannacoin Classic (CCC) was launched under a fair distribution model with no pre-mine and no initial coin offering. It transitioned to a "Proof of Stake" consensus mechanism at block 370,000 on December 9th, 2014, with a nominal stake interest of 2% per year. During the "Proof of Work" phase, 4,625,000 CCC were mined, and the total maximum supply of Cannacoin is 13,140,000.

One reason for the creation of Cannacoin was the belief that Bitcoin and other cryptocurrencies would eventually become too valuable to be used for everyday purchases like cannabis. The Cannacoin team consists of cannabis advocates and tech professionals with experience in both the cryptocurrency and cannabis industries. They believe that traditional money is inefficient, risky, and difficult for cannabis businesses to use, and that Cannacoin is a safer and more efficient alternative.

In addition to facilitating cannabis transactions, Cannacoin has a mission of promoting wellness, safe access, and harm reduction within the cannabis community. The team has decided to align with NORML.org, an organization dedicated to the expansion of cannabis legalization, as a community service. Cannacoin, Cannacoin Pay Mobile, and Cannacoin Pay POS are all open-source and available for audit or contribution on GitHub. (https://github.com/cannacoin-official)

Thank you from all of us at Cannacoin. We hope your experience is nothing less than world class.


Cheers,
The Cannacoin Cryptocurrency Project

Subtoshi of NWGT.org
Creator

Brent K. aka deusopus, 
President of Grass Haus Studios
Founding Developer and Project Leader
brent@team.cannacoin.org

Special Thanks to: Satoshi Nakamoto, Charlie Lee, Craigslist, NWGT.org, IRC, YouTube, BitcoinTalk Forum, Reddit, the original development team, Discord, The Reddcoin Team, VashTheStampede, tokyopotato, CryptoKid, GodCloud, promad, cookietoshi, walledgarden, Bill48105, mat195, Hel, mrhobbeys, Mik0, Brian Tugmon, Doc, Thomas Burkhardt, Nathan, James Reynolds, Grimnir (May He Rest in Peace) and the many other devoted and colorful influencers and contributors over the years. We would truly be lost without you.

Contact Us: hello@info.cannacoin.org

Visit our official website at https://www.cannacoin.org/

Source: https://github.com/cannacoin-official



In memorium
Phil Cohen aka RebPhil
Founding Developer
Passed away Christmas Eve, 2015
"Always do your due diligence"


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