Great news for all of you stoners and plant supporters out there! The ultimate Cannabis cryptocurrency PARAGON has just partnered with IOTA!
Paragon is still in ICO and is set to go live in 18 days from now - follow the the countdown here: [source]
The Cannabis industry is worth billions of dollars in the US alone. It has huge potential for even more growth due to it's medicinal and legalization support that is slowly but steadily becoming widely accepted.
According to Forbes [source] Marijuana sales generated 6.7 Billion $ in 2016 and these numbers are expected to reach 20 Billion $ by 2021 in the US alone!
What sets Paragon apart from other Canna-crypto coins are the minds behind it all. They have an amazing team that is active in the community and the support of industry veterans and various celebrities such as Rapper The Game.
I think this coin has huge potential and a revolutionary one that welcomes the plant in the Crypto-Space.
Furthermore, it tends to be the sleekest among the current available Cannabis cryptocurrencies. I mean...seriously just judge for yourself by taking a glimpse at some of the current Cannabis cryptocurrencies:
These coins seems to be made by stoners themselves :P I do not think that these coins have the qualities to represent that industry.
Now let's move forward to the most interesting part!
It is official that Paragon's initial version will be built on the Ethereum Blockchain, and then transition to IOTA's Blockless Distributed Ledger, How AWESOME is that?
IOTA is a third generation cryptocurrency with HUGE long-term potential! [Proud Owner and Supporter of IOTA here].
Combining IOTA's distributed ledger technology (TANGLE) with Paragon enables the platform to send and receive instant transaction with 0 fees.
What also sets it apart from traditional blockchains is that only intended peers get to keep the data needed.
How will Paragon disrupt the Cannabis Industry:
- A Decentralized and private funding of cannabis companies
- Increased Trust within the Cannabis Industry
- Private Data Storage of anything from Seeds/Plants and Lab Tests
- Anonymous Patient Identification
- Enhanced and authenticated end to end trades
- Use of Smart Contracts
- Offline platforms such as Cafes, educational centers, social clubs in legalized states across the US
- Accelerate the Cannabis Economy, and simply support the Ganja!
For more info visit their active and official forum here
