Although the crypto currency industry has previously experienced crypto-currencies indexed to nominal currencies such as the US dollar, precious metals such as gold or silver, a hemp-indexed crypto currency is the first. According to a statement issued on July 25, Greek billionaire Alkiviades David has set up both a bank and a consortium for his crazy project by signing an incredible initiative.
David took another step and launched a stock exchange called Swissx Global Hemp Exchange for both futures contracts and other assets related to the hemp industry. In addition to traditional trading transactions, the stock market will also provide pricing information for the cannabis sector.
—-Hemp Supported Token: ”SWX Coin”
The Bitcoin blockchain-based SWX Coin will take its value directly from good crop hemp. The price of SWX Coin will be indexed to the average cannabis price in the global market. The consortium led by David is Denzil Douglas, Prime Minister of St. Kitts-Nevis. Douglas will provide consultancy services for the consortium directly from the Caribbean region.
Although cannabis is now known as a forbidden or restricted plant in the vast majority of the world, gradually some of the leading countries have begun to justify it.