HempCoin was among the first 30 currencies developed in 2014 and is a highly focused digital currency built on the source of Bitcoin for the Agriculture/Farming Industry and Marijuana/Hemp Industry. Its use includes the Marijuana dispensaries and the entire Agriculture/Farming trade business.
Upon inception, HempCoin was the only cryptocurrency for Agriculture, which is a trillion-dollar trade business worldwide. The vision was and remains for HempCoin to help facilitate transactions between farmers and distributors overseas.
In the 4th Quarter of 2017, HempCoin made strides towards expanding brand awareness and utility of their cryptocurrency. News of a hard fork which would result in a new and improved anonymous HempCoin with masternode capabilities saw the market cap rise from US$2 million to a peak of US$170 million. In 2018, the plans of 2017 come to fruition. Along with HempPAYTM, a variety of payment solutions designed for mainstream adoption and increased usability, HempCoin has a very promising and ambitious future ahead.
Hard Fork
THC will hard fork the second quarter of 2018. The new THC token will be an anonymous coin and feature masternode capabilities. The decision to embark on this new direction was one of both want and necessity. With the creation of HempPAYTM and the desire to not only remain competitive but lead the way in the crypto-cannabis sector, the only option was a fork with the outcome being a far superior THC token. The new HempCoin is not only an upgrade from the current token, but the most technologically advanced coin in the cannabis field.
Masternode
After the HempCoin’s hard fork, the new blockchain will feature masternode capabilities. The masternode will provide HempCoin with a variety of new features including:
• PrivateSend. PrivateSend gives you true financial privacy by obscuring the origins of your funds. All the HempCoin in your wallet is comprised of different “inputs” which you can think of as separate, discrete coins. PrivateSend uses an innovative process to mix your inputs with the inputs of two other people, without having your coins ever leave your wallet. You retain control of your money at all times.[1]
• InstantSend. This technology will allow HempCoin to compete with nearly instantaneous transaction systems such as credit cards for point-of-sale systems while not relying on a centralized authority.[2]
• Governance and Voting. Decentralized governance allows owners of masternodes to make decisions for the project. Each masternode is allowed one vote for each proposal. If a proposal is implemented it can then be implemented by the HempCoin’s developers.[3]
• Budgeting and Treasury. While other projects depend on donations and premined endowments, HempCoin is using the masternode to fund its own development and provide funds for individuals performing valuable jobs and tasks.[3]
For every 20,000 coins held, you can stake one THC masternode. This entry amount will act as collateral and is used to ensure that a masternode owner does not cheat or corrupt the system. In addition to the value of the coins, the masternode payouts offer passive income for the masternode operator. The more nodes one holds, the more money can be made. When the value of THC rises, so does the return on your investment.
HempPAYTM Payment Solutions
Merchant and retailer adoption of cryptocurrency as a viable payment option is growing as point-of- sale systems continue to adapt and savvy developers create solutions for digital asset integration. The main challenge identified by the HempCoin is adoption by mainstream users. HempPAYTM addresses this challenge head-on by offering a variety of payment solutions which mainstream consumers have already gained familiarity. These solutions include:
HempPAYTM Mobile J The HempPAYTM Card J HempPAYTM Online
I suggest you to check the price of the current coins with active masternodes.