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This post will act as the initial white paper for WeedCash Network. WeedCash Network was the 1st SCOTbot powered front-end and has evolved along with Steem-Engine from the very beginning. This document is an effort to layout the basic purpose and framework of the network.
https://weedcash.network
WeedCash Network serves as an online community for businesses and consumers in the cannabis industry. Users are incentivized with cryptocurrencies like WEED and STEEM.
42 Million WEED has initially been issued mostly to 
You can think of the distribution of the supply of WEED and demand for the use-cases for a currency as faucets and sinks respectively. Faucets include distributing WEED through rewards and sales. Sinks include accepting weed for use cases like services and products.
Team Distribution(
420 WEED to
10,500 WEED to
10,000 WEED to
6,000 WEED to
21000 WEED airdropped to 50 Steemians – May 3rd – 5th
50,400 WEED airdropped to 120 Steemians - July 7th 2019
SCOT Bot(
41,901,680 WEED to
https://steem-engine.rocks/tokens/WEED/richlist?page=1&sort_field=stake&sort_order=desc
The current reward pool is 1800 WEED per day. Current settings have this amount decreasing by .5% every year. This could be adjusted in the future based on the size of the user base and the price of WEED.
60% of PoB Rewards go to Content Creators
40% of PoB Rewards go to Curators.
Account holders can earn WEED through PoB rewards by utilizing weedcash.network
WeedCash Network users can earn WEED, our SCOT token, by staking (powering up) their WEED. Staked WEED is called WEED Power and is your influence on the platform rewards. The size of your upvote depends on the amount of your WEED Power.
Earn WEED and WEED Power by creating original, cannabis related content and getting upvotes on that content, and by upvoting posts and/or comments to earn curation rewards.
Not interested in creating or curating cannabis content? No problem! You can still earn WEED by "Mining". 20% of the reward pool goes to stakers of "Miner Coins" WEEDM(4%) and WEEDMM (16%).
https://steem-engine.com/?p=market&t=WEEDMM
https://steem-engine.com/?p=market&t=WEEDM
Simply Staking WEED gives you proportionate rewards based on the amount that you have staked.
WEED MARKET
https://steem-engine.com/?p=market&t=WEED
Staked WEED is called WEED Power which gives you more control over post payouts and allows you to earn on curation rewards.
Post Promotion - WEED is burnt for promotion by sending it to null to promote your post to the trending and hot pages.
Our goal will be for Cannabis related businesses to start loyalty programs that includes the purchase of products and rentals payable in WEED. This will be offered in the future , depending on future partnerships, regulations, and/or the success of WEED and WEED Miner sales to enable us to start the CoffeeBuds business and/or enter into partnerships with cannabis related businesses.
CoffeeBuds is a private club for cannabis, cryptocurrency, and coffee enthusiasts. The goal is to have brick and mortar locations that include a craft coffee shop where you are allowed to consume cannabis legally and use WeedCash(WEED) for payment for everything we sell. Initial locations are being looked at in California and Colorado where local laws and city councils are favorable to the business.
Settings are susceptible to change
author_curve_exponent: 1.3
author_reward_percentage: 60
cashout_window_days: 4
curation_curve_exponent: 0.5
downvote_power_consumption: 200
downvote_regeneration_seconds: 432000
downvote_window_days: -1
enable_account_muting: false
issue_token: false
json_metadata_key: tags
json_metadata_value: weedcash
miner_tokens: {"WEEDM": 1, "WEEDMM": 4}
mining_pool_claim_number: 100
mining_pool_claims_per_year: 8760
pob_pool_percentage: 75
posm_pool_percentage: 20
post_reward_curve: default
post_reward_curve_parameter
promoted_post_account: null
reduction_every_n_block: 10512000
reduction_percentage: 0.5
rewards_token: 1
rewards_token_every_n_block: 16
staking_pool_claim_number: 100
staking_pool_claims_per_year: 8760
staking_pool_percentage: 5
token: WEED
token_account: weedcash
vote_power_consumption: 200
vote_regeneration_seconds: 432000
vote_window_days: -1
4 day payout windows
Unstaking occurs in 42 days in 6 installments - 1 per week
Reward curve is superlinear at 1.3 to encourage keeping WEED Power on one account rather than spread out.
Author/Curator reward split is 60/40.
To get a vote which receives WEED the post has to include “weedcash” as a tag or be posted on https://weedcash.network.
The inflation rewards shrink every year by 0.5%
Voting calculation works like steemit.com.
You get 10 votes a day similar to steemit.com.
Your voting power recharges completely from zero over 5 days (20% per day).
https://steem-engine.com/?p=market&t=WEED
420,000 WEED are available for STEEMP from
20,000 WEED at 0.042 STEEM
20,000 WEED at 0.084 STEEM
20,000 WEED at 0.21 STEEM
80,000 WEED at 0.42 STEEM
80,000 WEED at 0.84 STEEM
100,000 WEED at 2.1 STEEM
100,000 WEED at 4.2 STEEM
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