Just like crypto establishments, hashish companies wrestle to entry monetary companies from banks and different cost suppliers. These companies would both be denied monetary companies outright or must pay exorbitant charges for receiving them.
Using blockchain and cryptocurrency, international blockchain know-how firm BitCanna presents another within the type of cashless cost.
Different funding for hashish firms
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As talked about, BitCanna ensures hashish firms can acquire entry to monetary companies by blockchain. As an alternative of coping with the restrictions set by bank card firms and banks, hashish teams can obtain funds by BitCanna Pay — an software 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 supply data 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 form of onboarding device into the BitCanna group. There shall be 8,420 Buddheads in whole, and plenty of shall 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 may even be out there for mint on the Stargaze platform.
BitCanna will convert 50% of the proceeds from its NFT sale into BCNA, the challenge’s token, and airdropped to Buddhead homeowners. The opposite 50% will go towards the BitCanna crew and future improvement of the chain and its options.
BitCanna hopes that Buddheads function an accessible method into blockchain and cryptocurrency. The crew views its NFTs as a micro-social community, as these holding them shall be part of the higher BitCanna ecosystem.
“BitCanna Buddheads might simply be the lacking issue between bridging the hashish group and cryptocurrencies,” claims the BitCanna crew.
In any other case, BitCanna has numerous companions and sister firms that present entry to tens of millions 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 crew will spend the following twelve months creating its Buddheads NFT assortment alongside increasing its funds resolution to a worldwide market.
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The journalist is a writer and digital nomad. Loves thinking, learning, and writing about all things Web3, particularly its impact on major creative industries.