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Cryptocurrency has exploded into public perception, the size of its market cap this
year to to a little over $420 billion dollars, with the industry standard - Bitcoin
- boasting gains above 1000%. Meanwhile, the cannabis market in the United States
alone reached nearly 7 billion dollars in 2016, reflecting 34% growth over 2015.
Industry analysts Arcview Market Research/BDS Analytics project US sales to rise to
approximately$21.6 billion by 2021, assuming a 26% compound annual growth rate in
the user base with increased recreational legalization.
Canada, which will see the implementation of The Cannabis Act scheduled for July
2017, has a projected total market size of $22.6 billion (Deloitte Canada), and
what many market forecasters are envisioning as an economic revolution, as
production models are now being approached on an industrial scale. The legislative
regime established by Health Canada for access to cannabis for medical purposes
includes strict regulatory requirements for the safe production and distribution of
cannabis, as well as for legal possession. Our goal, in operation of a
cryptocurrency-backed medical cannabis dispensary is to proactively meet the most
stringent directions and standards, and we believe the use of blockchain technolgy
is the perfect vehicle to drive this emerging industry.
While we will maintain the protocols of PUFFScoin with a focus in providing utility
as an asset exchangable at our online marketplace (www.puffscoin.com) and at our
storefront location (www.leafycauldron.ca) for products that we offer for sale, we
also appreciate the decentralized aspect at the core of the cryptocurrency
ecosystem. We have chosen a protocol for our currency that provides a potential for
noteworthy Return on Investments to MasterNode providers, coupled with a vigorous
coin distribution model over the first two years of blockchain operation that will
reinforce a continual investment model into providing the advanced blockchain
services the providers of MasterNodes regulate.
Our roadmap for 2018 is detailed, and we have planned to make PUFFScoin a stable
and well accepted cryptocurrency out of the gate. We will be offering a "Genesis
Sale" for PUFFS, the comprehensive schedule of which will be posted here on
Bitcointalk in the coming week. This sale will be escrow protected and will
maintain verifiable checkpoints to funded development for a measured funding
release. The principals involved in this project have been long-time cryptocurrency
participants, and have been deeply involved in the development process with other
projects unrelated to this enterprise. We know what works to create a strong and
active community, as well as the necessity to provide easy use in real world
situations for the currency we represent. We are on the precipice of public
acceptance and cryptocurrency ubiquity, we aim to take advantage of this distinct
moment in history to build a vibrant crypto-cannabis brand, our ambition is to
become the definitive niche currency for cannabis users and will be working to help
other dispensaries integrate the PUFFScoin platform into their business operations.
We believe that specialty markets such as this, and niche currencies boasting a
dedicated development team, can drive a very powerful economic engine. We have
spent the past eighteen months building PUFFScoin, preparing the groundwork and
business plan to create a digital currency with immediate representation on
multiple markets, hosted full and fractional masternode hosting services, a full
suite of digital wallets and a dynamic approach to further services. These include
a PUFFSbranded altcoin exchange with a focus towards cryptocannabis projects and
correlated enterprises, a multi-vendor free-listing marketplace and bazaar, a
localPUFFScoins-type of service enabling facilitated access to PUFFScoin through
peer to peer trading, our 420-friendly dating app "PUFF-Buddies", PUFFScoin debit
cards, branded Android and iOS games with in-app purchases (administered by
MasterNode services who receive these fees) and more.
We will be releasing our "Genesis Sale" schedule along with our Terms&Conditions on
this forum within the week, along with publishing our puffscoin.com and
leafycauldron.ca websites. We will then begin to elaborate on our protocols, reward
schedule, and specific development plans as we move through the process. We will
release our wallet and code repository to the full public following the conclusion
of the Genesis Sale. We look forward to answering all your questions going forward,
and will maintain this thread without moderation, although we will give as good as
we get to the FUDsters that will inevitably crawl out from underneath their rocks,
frothing at the mouth and chock full of self-important opinions with no research to
back them.
We most definitely are working on this project to make personal profit, to support
our families and pay our bills. We are building a business, hosting a
cryptocurrency, and at the end of the day, taking home a commensurate wage. That is
the economic reality of modern life, but we also want to give back, especially to
the Canadian veterans who need the sort of support we have built into our
protocols.
If you would like to get involved with the PUFFScoin project, drop me a line. If
you are a Canadian veteran who has lost consistent access to the necessary medical
cannabis you require, please dont hesitate to get ahold of us and we will assist
you in getting yourself on the list of sponsored recipients.
Pro patria.