Full description of PerksCoin
The PerksCoin
Token (?) (PTC) is an Ethereum-based utility token powering the PerksCoin Transaction Platform (PTP) created by the company CannaSOS. PCT token is set to run on
Decentralized (?) Blockchain (?) technology, ensuring transparency and security of all financial transactions. The main goal behind the creation of this token is to help users of the social network CannaSOS easily buy and sell cannabis in the legalized marijuana market where the level of the banking services and privileges leaves much to be desired. CannaSOS is a platform designed to serve as a bridge between cannabis vendors and customers utilizing cryptocurrencies that facilitate transactions and reduce the cash flow within the industry. Since PerksCoin is based on the Ethereum network, it is based on the ERC-20 standard inherent to all such projects. It carries out the following functions: PTC serves as an autonomous utility token that is used within the platform to conduct all sorts of transactions between the users. It guarantees the security and transparency of all the deals and helps buyers and sellers carry out all the contracts. It reduces the necessity of middlemen. Finally, it provides the Secure Sale feature to protect buyers from unverified sellers and reduce the amount of fraud on this shady market. The main mission of the project, according to its website, is to
Address (?) financial, advertising and loyalty problems that the cannabis industry struggles to come across all around the world. As the cannabis market is illegal in most countries, the dealers have to rely on cash to conduct the deals which is associated with a high level of risk. The implementation of the blockchain technologies can help to eliminate robberies and help businesses and medical patients cooperate in a safe and transparent manner. The CannaSOS platform has its own reward system that grants points to its registered members for different activities. These points can be used as a means of payment within the network itself as well as converted into
Fiat (?) currency. Also, users can pay for advertising goods and services among other participants of the platform. In addition, there is a native PerksCoin
Wallet (?) which makes it possible to store PTC tokens as well as
Exchange (or Cryptocurrency exchange) (?) them to USD, EUR, CAD or GBR. The
ICO (Initial Coin Offering) (?) pre-sale started on November 7th, 2017, and ended in the middle of January 2018. The public sale followed right after that and went on until the end of February. The overall token supply equals to 100,000,000 items with 60% of them distributed via the crowdsale and the rest allocated for marketing and other project’s needs. The website claims that the members of the CannaSOS team are extensively involved with businesses and individuals in the cannabis domain and that their expertise int his field helps them get a clearer picture of the problems that the industry faces. There is no information about them on the website, however, some of their profiles can be found on LinkedIn. The project’s CEO Oleg Cheine started his career in the sales and management area at the end of the ’90s and has developed sustainable experience over these years. He has been heading the project ever since its launch in 2014. The office of the company is located in Toronto, Canada. PerksCoin is not the only project that utilizes blockchain technologies to facilitate transactions in the cannabis market. Among its competitors are PotCoin, CannabisCoin, DopeCoin and a few more. However, at the time of writing, PerksCoin seems to be the only one left afloat.
- Exchange symbol (?): PCT
- Cryptocurrency type (?): Token (?)
PerksCoin for developers
PerksCoin social sites
Source: NOMICS
