Project Update #2: Token Sales, New Delegations, HUGE STEEM Power Boost

in cannabis •  5 months ago 

Yet another successful week of increasing delegations and the number of token holders. Things are going surprisingly smoothly we just need to get out there and spread the word about Canna. Let's get into the weekly recap of the project data now.

If you would like to know more about what our project does or the services that we offer I recommend checking out the In Depth Tokenomics or our Frequently Asked Questions.

As you can probably see there has been a huge boost to the STEEM Power in the account. With STEEM prices being so low this past week I couldn't help but buy more to power up. @Canna-Collective had only 5 STEEM ten days ago and look at us now :)

We are almost 10% through with stage 1 of token sales. The next stage will have a pre-set price of 1.1 STEEM per CANNA token. The rewards pool capacity has already been doubled TWICE this week, from 250 SP to 500 SP and now to 1000 SP. Currently the delegations have been outpacing the token sales but that will probably balance out soon.


The amount of tokens held by the community range anywhere from just 1 all the way up to 101 tokens per account. The amount of tokens held determines your up-vote percentage on daily posts. The return on investment for CANNA tokens is insanely high right now because of all the extra SP we recently added, as well as the fact that there are so few people holding our token.

Current returns on investment, if you post daily, are ranging from 144% APR for our biggest token holder all the way up to 1825% APR for our smallest minnows. The more tokens you hold, the bigger your vote and faster you will earn so get your CANNA Tokens today!


This is the graph of all delegations incoming to the @Canna-Collective account. The 420SP delegation from @Hotsauceislethal does not count towards the delegator rewards pool.

We have been getting lots of smaller delegations and they have definitely been adding up! It is nice to see the community come out to support our project and each other.


This graph is the delegator rewards pool as of 8/12/2019. We can increase the total capacity of the pool another several thousand SP so there is plenty of room for growth. It is currently set to 1000 SP capacity and incoming rewards are divided up accordingly. Additional returns are used to help contribute to weekly bonuses, depending on market conditions.

This week our contributors enjoyed an eye-popping 19.7% APR return PLUS another 10% bonus on top of their payout- amounting to nearly 22% APR for a totally passive investment. No posting required just sit back and collect your money once a week :)


Delegate 20 SP ----------------- Delegate 50 SP--------------- Delegate 100 SP---------- Delegate 200 SP

By delegating you are helping to contribute to our collective voting power and will be supporting your community- in return you will get a piece of the delegator reward pool payouts.



*DISCLAIMER: This Canna-Collective Project Update is for information purposes only. Canna-Collective/Canna-Curate does not guarantee the accuracy of or the conclusions reached in this Project Update, and this paper is provided “as is”. Canna-Collective does not make and expressly disclaims all representations and warranties, express, implied, statutory or otherwise, whatsoever, including, but not limited to: (i) warranties of merchantability, fitness for a particular purpose, suitability, usage, title or noninfringement; (ii) that the contents of this paper are free from error; and (iii) that such contents will not infringe third-party rights. Canna-Collective and its affiliates shall have no liability for damages of any kind arising out of the use, reference to, or reliance on this paper or any of the content contained herein, even if advised of the possibility of such damages. In no event will Canna-Collective or its affiliates be liable to any person or entity for any damages, losses, liabilities, costs or expenses of any kind, whether direct or indirect, consequential, compensatory, incidental, actual, exemplary, punitive or special for the use of, reference to, or reliance on this paper or any of the content contained herein, including, without limitation, any loss of business, revenues, profits, data, use, goodwill or other intangible losses.
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Me and my wife @rachaeldwatson are both small accounts, but we are supporting this project as much as we can.

We both just delegated 20 sp. And we plan to increase our delegations and add more tokens when possible.

Thanks for the boost you are providing to the weed community. This is an awesome project.

Posted using Partiko Android

People like you are exactly the reason why we are doing this :) Makes me happy to know the community likes what we are doing. I feel like it is bringing a new spark to the group and will definitely benefit us all over time.

Already added you to the list and any amount is appreciated.

delegated ya 200sp matety!

you did! cool!!!!

You must have forgotten to click confirm or something. Nothing on this side :P

What a load'a SHITE! Just got back from work and checked it...


Get back to us when you recharge that mana :P You have plenty of SP.

I am again buyed some Canna tokens !

Great to see this moving way higher : )

It is great to see people still engaged in the platform and we want to bring more members together with this project. So far it is really brought a new spark to @Canna-Curate.

delegated ya 50sp matety!

Hell yeah thanks so much! Adding you to the list :P The next payout is Sunday.

just got a few more, now i'm up to 14 tokens✌️

Wow that's great- I just doubled your vote reward :)

Amazingly great project Guys.
I hope one day I will have enough steem to delegate. Slowly does it 😎

Follow our curation trail @Canna-Curate and you'll start earning some passive rewards that will add up over time.

Hi @canna-collective!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 1.296 which ranks you at #46128 across all Steem accounts.
Your rank has improved 3445 places in the last three days (old rank 49573).

In our last Algorithmic Curation Round, consisting of 149 contributions, your post is ranked at #73.

Evaluation of your UA score:
  • Only a few people are following you, try to convince more people with good work.
  • The readers appreciate your great work!
  • Good user engagement!

Feel free to join our @steem-ua Discord server

The project is developing at a good pace, just bought 8 more tokens & now got 10 tokens.

Oh nice, I sponsored you with @steembasicincome - you now have 1 SBI share :)

Oh, Thank You :)

brought another 5 & will buy some more in a few days - i want to be further up on that graph!
meow - Copy.jpg
Green Wild Shark

SWEET! We appreciate your support :)

Congratulations @canna-collective! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You received more than 1000 upvotes. Your next target is to reach 2000 upvotes.
You made more than 100 comments. Your next target is to reach 200 comments.

You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

I was able to buy 2 more last night. @wdougwatson had to show me where I was messing up with my attempts of purchasing them🤣

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Wow, I feel like I'm in at the beginning of something big! :D