Cannabis-focused crypto startup is launching an NFT community

Much like crypto establishments, hashish companies battle to entry monetary companies from banks and different cost suppliers. These companies would both be denied monetary companies outright or should pay exorbitant charges for receiving them.

Using blockchain and cryptocurrency, world blockchain know-how firm BitCanna presents an alternate within the type of cashless cost. 

Various funding for hashish firms

As talked about, BitCanna ensures hashish firms can acquire entry to monetary companies by blockchain. As a substitute of coping with the restrictions set by bank card firms and banks, hashish teams can obtain funds by BitCanna Pay — an utility offering instantaneous, worldwide entry to funds.

Constructed on the Cosmos blockchain (ATOM), BitCanna transactions take a mean of 5 seconds to course of and price lower than a tenth of a cent. The community is powered by its BCNA token, which is harnessed by each customers and hashish firms to facilitate funds. 

Not solely this, however BitCanna assists the hashish trade and customers in monitoring and tracing cannabis-related merchandise by using blockchain know-how. This to make sure transparency concerning high quality and origin to offer info concerning product requirements.

An NFT-powered group

To advertise its companies, BitCanna is launching a nonfubgible token (NFT) assortment known as Buddheads. Buddheads are to behave as a type of onboarding instrument into the BitCanna group. There can be 8,420 Buddheads in complete, and plenty of can be airdropped to each the Bitcanna members of the Stargaze group in the event that they meet sure necessities. Stargaze is a layer-1 NFT platform on the Cosmos blockchain. Any Buddheads leftover from the airdrop will even be obtainable for mint on the Stargaze platform. 

BitCanna will convert 50% of the proceeds from its NFT sale into BCNA, the undertaking’s token, and airdropped to Buddhead homeowners. The opposite 50% will go towards the BitCanna group and future growth of the chain and its options.

BitCanna hopes that Buddheads function an accessible approach into blockchain and cryptocurrency. The group views its NFTs as a micro-social community, as these holding them can be part of the higher BitCanna ecosystem. 

“BitCanna Buddheads may simply be the lacking issue between bridging the hashish group and cryptocurrencies,” claims the BitCanna group.

In any other case, BitCanna has varied companions and sister firms that present entry to thousands and thousands of consumers. These teams include Zamnesia, Royal Queen Seeds, Cibdol and Kannabia, amongst others.

In current months, the BCNA token has been listed on the Osmosis DEX and paired with ATOM and OSMO tokens inside the platform. The BitCanna group will spend the following twelve months growing its Buddheads NFT assortment alongside increasing its funds resolution to a world market.