|Start Date||November 15, 2018|
|End Date||June 30, 2019|
The global cannabis industry has been inhibited by regulatory restrictions for most of recent history, but the legal market has emerged rapidly as more governments legalize medical and recreational use. In Europe, using/selling small amounts of cannabis is not legal but tolerated in Spain, The Netherlands, and Switzerland. Due to the ‘shady’ image of the business, most banks, credit card companies, and payment providers won’t handle the money generated by the cannabis industry, even in places where it is completely legal. This leads to inefficient solutions such as cash transactions, which only add to the shady image of the industry. To address this problem, BitCanna will provide a decentralized payment network for the legal cannabis industry, by means of the BitCanna Coin (BCNA). Customers can use the BCNA to make purchases in both online and brick & mortar dispensaries, solving the current payment problems for the industry.
|Price||1 BCNA = 0.12 USD||Sale||252,000,000||Payment Mode||N/A|
|Minimum Investment||25 USD||Distribution||60%||Raised||N/A|
|Soft Cap||3,000,000 USD||Hard Cap||20,000,000 USD|
General ICO Warning:
Due to the high number of scams associated with initial coin offerings, Wise Cryptos does not recommend investing in any ICO. There are many sources quoting anything from 80% up to 95% failure rates of Initial Coin Offerings for one reason or another. While the exact figures are difficult to accurately identify, the overall trend is worrying and investing in an ICO often feels as risky as wildly and irresponsibly gambling at a cryptocurrency casino. This is a real shame for the genuine projects with real promise and practical and useful real world application.