1. PROJECT OVERVIEW: WHAT IS TheCanCoin?
TheCanCoin’s is a revolutionary supply
chain disruptive innovation that increases the efficiency and transparency of
Seed to Shelf tracking of the cannabis products and its derivatives.
We have dynamic NFTs, which unlock in store
discounts for users, as well as bespoke promotions.
TheCanCoin represents a digital asset that
supports users of medical and recreational cannabis, advocating a more aware
general community to the many benefits of Cannabis.
2. A. GO-TO-MARKET STRATEGY
TheCanCoin team will be reaching out to
Cannabis dispensaries across the world in different jurisdictions.
As such, we will specifically target geographical locations where
cryptocurrencies and blockchain technology are not shunned, but embraced as a
stepping stone to the future.
Cannabis Dispensaries will offered full or
partial staking nodes in the network, increasing their capital and providing
payment gateways for in store crypto transactions
2. B. PRODUCT VIABILITY
The Seed round has been completed with a
majority of investors that are not crypto-savvy, who are willing to enter the
world of crypto and legal cannabis. There are two main verticals with gaps that
have substantial needs for the bridging TheCanCoin offers to both the industry
and the end users, which triggers entry and mass adoption.
Other cannabis tokens on the market focuses
on the “smoker” aspect of the cannabis vertical and does not aim to solve
friction and issues within the legal and medical market. This strengthens
TheCanCoin’s market position as it is a solution solely for the legal industry.
The fact that TheCanCoin is running on BSC
(Binance Smart Chain) using DOS (Decentralized Oracle Services - Chainlink
network) and Dynamic NFTs enables tracking and monitoring of the manufacturing
and distribution process as well as quality assurance as it is uploaded to the
chain. Real world events are retrieved by the DOS and stored on the chain -
this gives full transparency and a viable go-to-market use case.
The purchase and processing process is also
simplified through TheCanCoin’s solution and eradicates the need for
complicated payment solutions and interference from financial institutions. In
store purchases using TheCanCoin wallet will also trigger the users’ Dynamic
NFTs and grant discounts and other benefits for end users. The BSC ensures low
gas fees and fast and secure transactions.
The community built around TheCanCoin is
backed up by strong influencer communities that are keen and eager to
participate in bounty campaigns and to be a part of TheCanCoin community. Our
mass media partners are ready to share our solution and make it widely
available when we issue our tokens in August 2021.
3. PRODUCT ROADMAP
4. REVENUE STREAMS
stakers in our POR (Proof of reputation) network by partnered Cannabis stores
purchase of NFTs
Sale of NFTs and
Fiat-crypto conversion in wallet
5. PRODUCT DIVE / USE CASES
Augmented reality upgradable cannabis
Dynamic NFTs have uses cases in:
Growing your cannabis plant like a pet
DOS has uses cases in:
Seed to shelf tracking
Wallet Integration has uses cases in:
Fiat to DPT (TheCanCoin) convenient
Payment with TheCanCoin in stores
6. TECHNOLOGIES USED AND CREATED BY THE PROJECT
TheCanCoin is developed atop Binance Smart
Chain (BSC) which supports the BEP-1155 token standard.
Utilization of both Fungible and
Non-Fungible Tokens (NFTs).
BSC is an EVM-compatible blockchain,
allowing usage of smart contracts
Use of Chainlink’s Decentralized oracle
services to “link” smart contracts to real-world events, payments and data. By
being blockchain agnostic, Chainlink is able to connect different public and
private blockchains in a singular framework, thus increasing interoperability
among various other blockchains.
By integrating these systems, we unlock
massive utility for users of our native digital asset - TheCanCoin. These
include low transaction fees, fast transaction speeds, and access to a growing
ecosystem of millions of users across countless Binance DEXs.
Decentralized finance opens up the concept
of Distributed Ledger Technology (DLT), which can be applied to a number of
industries such as Supply Chain and traditional finance. For TheCancoin, the
use of DLT enables dispensaries to monitor operational transaction flow. This
allows for a higher degree of transparency, which raises the level of
legitimacy of the cannabis industry. DOS is used to track cannabis from a seed
to the point of sale in the dispensary. Information on the manufacturing and
logistical processes can be found on our blockchain, which can be segmented to
prevent confidential information outflow to the global community. The use of a
hybrid blockchain only reveals relevant information to the public.
TheCanCoin uses a Proof of Reputation (“POR”)
consensus model. Authorized and verified users can stake their tokens in the
network, thus generating more capital over time. However, this model is
dependent on participants to keep the network secure, as only authorized nodes
can sign blocks, and all blocks are verified. This is true by checking if the
signer is on the authorized list.
(SINGAPORE) DANIEL DABOCZY (SWEDEN/SINGAPORE) DAVID BONNIER
DE PORET (SWEDEN)
The Investors of TheCanCoin are mostly people outside of the crypto world who believe in the greater good of a global standardized solution for the legal cannabis industry. David Bonnier and Amaury De Poret (the co-founders of Enexis AB, an investment company with more than 40 years of experience with plant based industry and legal cannabis investment) are founding partners and investors in TheCanCoin.
9. TOKEN ECONOMY
Only holders of TheCanCoin or customers of
partnered dispensaries will be able to purchase TheCanCoin cannabis NFTs on our
A staking system will be launched, which
allows approved TheCanCoin holders to stake their tokens for attractive APY
rates. APY can be increased by users staking their NFTs in the ecosystem.
By having a POR consensus model, only
KYC-ed individuals can be approved to stake on our nodes. Allocation of staking
nodes will be 40% TheCancoin team and 60% external stakers
A manual burn can be initiated as needed at
the discretion of the founding team as required, and a portion of TheCanCoin
allocated to the founding team for marketing or business development purposes.
10. DETAILED TOKEN METRICS
||Binance Smart Chain
|Initial Token Circulation:
|Valuation for Public Round:
|Total Raise (All Rounds):
11. TOKEN DISTRIBUTION
12. TOKEN RELEASE SCHEDULE
token is scheduled to be released on the 22nd of August with four pre-sale
periods prior to release date. Period 1 grants 100% extra coins, period 2
grants 75%, period 3 grants 50% and period 4 grants 30%. There will be a 6
month lockup period on the coins and ways to farm and earn liquidity for
community members and contributors.
sales: March - June 2021
July - August 2021
sales: July 2021------
sales: July 2021-------
sale: August 22nd 2021--------