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But according to Bitcoin Forum , someone hacked KushCoin. However, the alleged developer recently reclaimed control. Its purpose was to meet the specific needs of weed producers. Growers International plans on offering smart contracts. In the future, cannabis farmers will use their smart contracts to finalize electric, labor and supply costs. Costly and timely negotiation will no longer be necessary.

Growers International already has a cryptocurrency wallet. Today, their partners are already buying supplies using the GRWI token. Additionally, GanjaCoin, which is a privately created cryptocurrency, is working on dispensary partnerships. For users, GanjaCoin offers the convenience of virtual payment. And for weed producers, cannabis cryptocurrency is even more advantageous. With GanjaCoin, they pay fewer fees, avoid the danger and expense of armored cars and track sales via blockchain.

In the future, GanjaCoin will back each coin with a whole gram of weed. The benefit of using this model, in addition to offering a value guarantee, is that it keeps supply low. There will only ever be 42,, GanjaCoins, which is lower than other cannabis cryptocurrencies. GanjaCoin is currently listed on MasternodeXchange and Stocks.

Exchange and provides their own cryptocurrency wallet. This 91,, capped cannabis crypto made waves back in when dispensaries sold 1 gram of cannabis for one CannabisCoin. Today, both industries face debilitating stigma. For instance, potential cryptocurrency investors are wary because of the perceived prevalence of bitcoin hacks.

DopeCoin DOPE There are a lot of companies that provide blockchain and cryptocurrency-based services to legal weed companies. DopeCoin, on the other hand, is happy to work with any sort of weed business, legal or otherwise. DopeCoin, which launched in , was revamped as DopeCoinGold in early But no matter its iteration, DopeCoin has always the same objective: give people a way to buy weed anonymously without paying transaction fees. Merchants in both the U. You can convert other cryptos to DopeCoin on Bittrex.

DopeCoin also has their own cryptocurrency wallet. This renegade cannabis cryptocurrency is capped at million. Tokes aims to move the entire weed supply chain and customer transactions away from cash. This means that instead of paying employees and suppliers with cash and accepting exclusively cash payments, businesses can accept Tokes tokens. Not only is Tokes aimed at streamlining businesses and decreasing costs, but it provides the security of a Financial Industry Regulatory Authority-compliant financial institution.

In total, there will be 50 million TKS. ParagonSpace is a brand-new cannabis coworking space in Los Angeles. Eventually, the company hopes that their Ethereum -based cryptocurrency will work for business to business and business to customer interactions. Furthermore, the ParagonChain will provide smart contracts that cater to cannabis business transactions.

This could mean anything from filling a doctor-issued medical marijuana to recording cannabis lab testing results. ParagonCoin is still in its early days. THC coin, which has a max supply of ,,, is for the entire agriculture industry, from tobacco to cannabis and hemp.

Specifically, HempCoin is the first weed cryptocurrency focused on farmers rather than weed consumers. Way back in , HempCoin came into being to facilitate buying farming supplies in bulk. Today, HempCoin is expanding. By , HempCoin will introduce HempPay, a payment platform for buying weed from dispensaries. More specifically, HempPay will be an app, website and cryptocurrency credit card.

This decentralized , PoS crypto became the first of many cannabis cryptocurrencies in Litecoin Litecoin is a veteran and old-timer. We have seen its ups and downs, but the predictions about its growth are rather positive. The best and the most efficient way to mine this cryptocurrency is to mine it in a pool.

The mining of Ethereum situation is somehow similar to Dash, meaning it is also hard to mine this currency. The price, especially the price dynamics, makes this currency not only one of the most popular cryptocurrencies but also one of the most promising ones. Ethereum is a good option for miners, who are looking for profit and principles. The NEM price jumped in along with the market cap.

Several Japanese banks have made an agreement with NEM to use its payment system, and facts like this only increase its price and popularity.

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