Just like crypto establishments, hashish companies battle to entry monetary providers from banks and different fee suppliers. These companies would both be denied monetary providers outright or must pay exorbitant charges for receiving them.
Using blockchain and cryptocurrency, international blockchain expertise firm BitCanna provides another within the type of cashless fee.
Different funding for hashish firms
As talked about, BitCanna ensures hashish firms can acquire entry to monetary providers via blockchain. As an alternative of coping with the restrictions set by bank card firms and banks, hashish teams can obtain funds via BitCanna Pay — an utility offering instantaneous, worldwide entry to funds.
Constructed on the Cosmos blockchain (ATOM), BitCanna transactions take a median of 5 seconds to course of and value 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 expertise. This to make sure transparency relating to high quality and origin to supply data relating to product requirements.
An NFT-powered neighborhood
To advertise its providers, BitCanna is launching a nonfubgible token (NFT) assortment referred to as Buddheads. Buddheads are to behave as a type of onboarding instrument into the BitCanna neighborhood. There shall be 8,420 Buddheads in whole, and plenty of shall be airdropped to each the Bitcanna members of the Stargaze neighborhood 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 may also be accessible for mint on the Stargaze platform.
BitCanna will convert 50% of the proceeds from its NFT sale into BCNA, the venture’s token, and airdropped to Buddhead homeowners. The opposite 50% will go towards the BitCanna workforce and future improvement of the chain and its options.
BitCanna hopes that Buddheads function an accessible method into blockchain and cryptocurrency. The workforce views its NFTs as a micro-social community, as these holding them shall be part of the larger BitCanna ecosystem.
“BitCanna Buddheads might simply be the lacking issue between bridging the hashish neighborhood and cryptocurrencies,” claims the BitCanna workforce.
In any other case, BitCanna has numerous companions and sister firms that present entry to hundreds of thousands of consumers. These teams encompass 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 throughout the platform. The BitCanna workforce will spend the subsequent twelve months growing its Buddheads NFT assortment alongside increasing its funds answer to a worldwide market.
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