This was originally written for Tijo at Arcane Bear and submitted via his YouTube channel. I thought it might be useful to people to post it here.
What is it?
• A blockchain technology for the Legal Marijuana space in the USA.
• It will connect and authenticate trade from end to end, i.e from harvest through dispensary to the end user.
• Backed by a token (Paragon Coin / PRG) which will facilitate trade and enable fund raising for completion of the project.
• The token itself is based on Ethereum, and will have its own wallet and exchange ticker.
Why is it good?
• The marijuana industry in the USA is worth billions of dollars and is growing continuously.
• The industry has a tangible presence which should ensure some stability in the blockchain and trade tokens.
• It should see adoption by the industry, due to the high profile of its backers and management team.
• Very professional website and web presence.
Token / investment schedule
• 50% of total coins are currently on presale until September 15th. Minimum investment set at $25,000 for the first 10 days, at $1/coin.
• September 15th, tokens go on Crowdsale at $1 per coin with 10% discount for the first 24 hours.
• Crowdsale closes on October 15th, with coins going onto the exchange listing on November 15th.
• 50,000,000 tokens will be held in reserve until 2021, at which point they’ll go on sale at market value.
Media
Coindesk article: https://www.coindesk.com/press-releases/paragon-announces-high-profile-project-help-legitimize-legal-marijuana-industry/
URL: https://paragoncoin.com/#
I’m not involved in this project or the management of it in any way, but I am backing it in terms of investment. It’s my belief that as the industry it facilitates is a high capital, stable industry with high demand and returns, we should see good performance from the token. It’s also a cause I can get behind from an ethical point of view.
Many thanks for listening. :)