Potcoin (POT) Analysis! (Should you invest on it?)
WHAT IS POTCOIN ?
PotCoin is an ultra-secure digital cryptocurrency, network and banking solution for the $100 billion global legal marijuana industry.
WHY POTCOIN?
PotCoin provides the underserved legal marijuana industry with a decentralized banking infrastructure and payment solution. Using PotCoins, industry members will realize significant cost savings, scalability, and unparalleled enterprise security.
Mission Statement
PotCoin was designed to empower, secure and facilitate the legal cannabis community’s transactions by creating a unique crypto currency for this thriving industry. PotCoin removes the need for cash transactions and encourages buying through consumer incentives. PotCoin as a digital currency is an alternative payment network for cannabis users, merchants and industry professionals. The PotCoin network allows cannabis enthusiasts to interact, transact, communicate and grow together.
PotCoin is a community run effort, by community members for community members. PotCoin does not endorse, guarantee or warrant any actions performed by you, users, exchanges or any other organization
What does PotCoin do ?
PotCoins are digital coins you can send via the internet. Compared to other alternatives, PotCoins have a number of advantages: PotCoins are transferred directly from person to person via the net, without going through a bank or clearing house. This means that the fees are much lower, you can use them in every country and your account cannot be frozen. Sending PotCoin is as easy as sending an e-mail and you can buy anything with PotCoins.
Who is PotCoin ?
PotCoin is the first digital currency created to facilitate transactions within the legalized cannabis industry. PotCoin is a community based effort. A truly decentralize autonomous organization the PotCoin community members determine their level of involvement, commitment and development.
How PotCoin works ?
Your PotCoins are kept in your digital wallet on your computer or mobile device. Sending PotCoins is as simple as sending an e-mail and you can purchase anything with PotCoin. The PotCoin network is secured by thousands of computers using state of the art encryption. Anyone can join the PotCoin network and the software is completely open source so anyone can review the code.
CONCLUSION:
The Cannabis industry can now use Potcoin to extend credibility, stability and security to this growing market.
There is an Android and IOS wallet and the list of businesses accepting Potcoin slowly continues to grow.
Poloniex and Bittrex have Potcoin available for trading and there are also some very cool aspects to this unique coin.
You can make and receive payments with almost no fees.... you can mine the coins and high security of the platform is top priority.
One of my favorite things about Potcoin is the Seed Bank.
The Seed Bank is an easy way to turn Potcoin into REAL Cannabis seeds! Potcoin has partnered with numerous Cannabis seed producers to generate stake returns and distribute Cannabis seeds to members of the Potcoin Seed Bank. Of course you have to live in a state that allows you to receive the seeds, but this can be dealt with by filling out a simple form on the Potcoin website. (www.potcoin.com)
You can buy a Potcoin card directly from the website and they even have a Hemp Energy Drink called 'Crypto Juice' that can be bought on the website with Potcoin (if you like) and you receive somewhere along the lines of a 30% discount if you use Potcoins for the transaction.
SHOULD YOU INVEST ON IT?
YES! (but more raccomended if you are a ganja's lover)
potcoin is a fantastic idea. pot stores in WA and CO for example, have a difficult time getting business banking accounts. using potcoin is a great work around for both the company and customer!
True words bro!
It's only fair that Pot has its own coin.
https://coinmarketcap.com/currencies/potcoin/