|ICO Name||Cannabium (PreICO)|
|Start Date||November 16, 2018|
|End Date||October 01, 2019|
Introducing Cannabium, a crypto-token backed by cannabis. Cannabium is an evolution of the use of blockchain technologies, enabling trade in an emergent commodity. The correlated product is cannabidiol, or CBD, a non-psychoactive3 extract of the cannabis plant. CBD is widely used in medical marijuana formulations.
|Price||1 CNAB = 0.08 USD||Sale||16,250,000||Payment Mode||ETH|
|Soft Cap||3,000,000 USD||Hard Cap||48,000,000 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.