Cannacoin
Cannacoin was first deployed on March 28, 2014 as a solution to the “cash only” predicament set on growers, dispensaries, and consumers alike through Federal regulation as well as a response to the Global Financial Crisis of 2008. It is the evolution of distributed computing and the BitTorrent protocol. It was the brainchild of the founders of the popular, but now defunct, “NWGT.org” (Northwest Green Thumb) online medical cannabis forum. It is a new form of electronic money called “cryptocurrency” similar to Litecoin and Dogecoin and other altcoins and is intended for use within the independent, medical, and recreational cannabis communities as a medium of exchange, a unit of account, and a store of value for cannabis and cannabis related products and services, worldwide.
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Cannacoin(CCN) was proudly released under fair distribution with 0.00% pre-mine and no ICO. Cannacoin transitioned to “Proof of Stake” at block 370,000 on December 9th, 2014 with a nominal stake interest of 2% annually. There were 4,625,000 CCN mined during the “Proof of Work” phase. Cannacoin has a max supply of 13,140,000.
