The Hemp coin also known as THC holds great potential and value compared to the other marijuana based coins within the second quarter of 2018 and further. This is because this coins has great fundamentals and purpose. The reasons for the importance of this coin are as follows.
Purpose of the coin: To connect marijuana farmers and local dispensaries
Market Capital: 2579 BTC and the trading volume doubled in 24 hours showing that it is ready for action.
Circulation supply: 230,478,760 THC
Exchanges for Trade: Bittrex remains the sole exchange that facilitates 100% of the coin’s trade (within an exchange) apart from the coin’s website http://www.hempcoin.org/
Short Term Hold
- The upcoming 420
The 20th of April since the 1970’s have been celebrated as the national weed-smoking day, which originated in California. Today is the 12th of April 2018, which means that, we on the 7th day prior to the national weed-smoking day of the year. So, how do people celebrate the 420? People would smoke weed on the 20th of April 2018 at 4.20 pm. This would mean that the demand of marijuana would upsurge shortly and it is legal now to smoke weed in many parts of the United States of America. As individuals and organizations purchase and sell weed using the Hemp coin, the price is likely to explode exponentially within the coming week.
Strategy: Buy THC around 1,000 Sats prior to the 420 (earlier the better). The price of this coin will shortly plummet after this day, which would provide us with the opportunities to repurchase for a lower rate.
Long Term Hold
- THC is a Masternode coin
An absolute beginner would think about what a masternode could be? Even though many of us understand the concept, I have found a good simple article to explain the concept in simple terms for the beginners. Please visit the following like to understand what a Masternode is and its functionalities https://blockonomi.com/masternode-guide/.
In order to own a full node, one must possess 20,000 THC coins. To obtain further insights, you could Google on what happened to Dash and Trig’s price after the Masternodes were announced. Dash’s price, which was above USD 1,000 once plummeted due to the fall of Bitcoin, similarly, Trig’s price plummeted due to the delisting that happened on the Bittrex exchange, which was one of the major suppliers of the coin. However, in a few months’ time after the Masternode is release, I could vouch that you will never be in a loss ☺.
A comparative analysis of the Q1 and Q2 master node announcements
The developers of this coin has not yet published further details on the payout, however, it will soon be published on their website under the master node section in the form of a video tutorial
Strategy: Accumulate THC on averages to own a full master node.
Advantages and Disadvantages of investing in THC
Advantages
a) Rebranding and renovation of the coin
Rebranding of the coin could have a positive impact on the coin’s price. For example, look at the Nano coin’s price increment
b) Fixation pre-existent bug issues with the change of the core team members.
c) Publication of a detailed white paper on the coin’s usefulness
d) Anonymous transactions and thus maintaining privacy
e) Masternode holder’s could vote for proposals by the developers
f) Instant transactions
g) Masternode funds own development and individual projects
h) Current and prospect Investors could actively communicate with the development team through social media such as Telegram, Twitter, Discord, Facebook, Reddit, Bitcointalk and Github. The links to the same are as provided below.
Telegram: https://t.me/HempCoinOfficial
Twitter: https://twitter.com/TheHempCoin
Discord: https://discord.gg/z7pbkTr
Facebook: https://www.facebook.com/HempCoin/
Reddit: https://www.reddit.com/r/thehempcoin
Bitcoin talk: https://bitcointalk.org/index.php?topic=506320.0
Github: https://github.com/hempcoin-project/THC
Disadvantages
a) With the change new bugs would evolve and other issues that will subsequently arise which will be required to be address by the core team
Possibilities
a) Since Bittrex the only exchange along the www.hempcoin.com that facilitates the trade of the Hemp coin, there exists a huge possibility of this coin being listed on other exchanges main players. This could also happen since THC is a master node coin and other exchanges would want to list the same to facilitate trading this coin
b) Many governments are looking forward to the legalization of marijuana which will impose a positive impact on the price action of the hemp coin
Other facts about the hemp coin to watch out for
a) When it pumps, it pumps exponentially (1x, 2x etc.)
b) The exponential increase of the coin’s volume would indicate that it would be up for action. This is one of the indicators to watch out for with respect to any coin to invest and not THC alone.
Things to keep in mind
Beware of Bitcoin price movements:
The Bitcoin price movement has been showing lower lows since the January of 2018. As we all know that Bitcoin’s price movement influences the price movement of Altcoin and hence one must be cautious as usual on this factor when involved in trading.
Fake sell walls: Most of the times when a whales spot a potential coin, they tend to put fake sell walls to obtain the coins for cheap from the inexperienced traders by creating a panic sell. For some people, this is business and for others it is life itself. I had had lost a lot of money previously on this illusion. If you are a whale and reading this, you should have a bit of mercy on the poor inexperienced and probably already broke traders, especially since BTC is acting like a jack ass and everyone needs to survive :P .
In short, the future of cannabis agriculture looks bright and so does your investment within this coin.
Additional Information
Former Roadmap
Key points published in the former roadmap
Quarter 2:
Focus of the development team
Governance System
Crypto Card
Listing on new exchanges
Quarter 3:
Focus of the development team
Ballot for payment
Improvisation of the hemp code
Implementation of a voting system
Hemp pay card system (HempPAY Mobile, HempPAY Card, HempPay Online)
Quarter 4:
Focus of the development team
Agriculture Industry where transactions between farmers and distributers would be facilitated globally.
Indoor grows to use hemp coin
Dispensaries to use hemp coin and thus eliminate the dependency on national currency
The development team is currently reviewing the above roadmap and an updated version will be published within their official website shortly.