While the federal government of Canada may be preparing to legalize the sale and use of cannabis throughout the country, dispensaries around the world still face challenges in performing everyday business practices as simple as advertising their products, conducting banking transactions or even accept payments by credit card.
Due to unequal regulations in different jurisdictions, POS transactions continue to be an enigma to the industry. CannaSOS, based in Canada, is ready to put an end to these obstacles through its ICO PerksCoin (PCT), which is active until the end of February.
The company's co-founder, Daniel Cheine, argues that the security of blockchain technology will solve the practical problems faced by current cannabis transactions.
"Imagine, right now, you are in Brazil and you are doing business with a guy who is in Uruguay. That guy can rip you off, take your money and not give you the product, "says Cheine. "But with Safe Sale, it pays the provider an amount of money and the PerksCoin Transaction Platform maintains it until the supplier sends the product. In two days, when you have confirmed the receipt of the product and everything is fine, the cryptocurrency will go to that provider. If this is not the case, return the package and receive your cryptocurrency (or fiduciary currency) back. "
CannaSOS PCT will also allow corporate agreements, will be used as a payment to facilitate the advertising of companies in the cannabis industry and will serve as a means of payment in online stores, all while avoiding transaction costs.
"Think of it as Bitcoin but with less volatility, offering a Secure Sale service such as the Seller Protection in PayPal, with the transaction process only in a few seconds, with a universal wallet that will contain all the major cryptographic and fiduciary currencies, and with a recoverable value in case of theft, "says Cheine.
The CannaSOS platform focused on cannabis was launched in 2014 with the aim of being the main cannabis resource and social space among peers in the world that connects experts, doctors, dispensaries, researchers and amateurs from around the world.
CannaSOS hosts 1,020 commercial pages and claims more than 317,000 registered buyers, while 2.5 million people per year visit the site regularly.
The well-established platform already uses its PerksCoins as part of its loyalty program that rewards subscribers who produce quality content to share among users. The founders quickly recognized, however, that offering tokens for public sale would allow them to boost external use outside the CannaSOS platform.
The company even seeks to eventually create strategic partnerships with organizations beyond the cannabis industry, and Daniel Cheine has great ambitions.
We see that PerksCoin is among the top 10 cryptocurrencies in the next five years, "he says. Achieving that goal, of course, will depend on the number of strategic partnerships that CannaSOS can forge with companies with large client bases.
Cheine believes that her goals are achievable. "One of our partners plans to have 200,000 locations using their points of sale in 2020, and that's about 100 million users, potential users of PerksCoin," he says.
He also notes that partner companies will be able to offer PerksCoin as a reward to their own customers, further expanding the use of PCT. Cheine believes that the PCT could become so popular, it could even be used in restaurants, service stations, coffee shops and, possibly, large-scale retailers.
The ICO was launched last November and to date has sold more than 16.4 million tokens, and the company currently has a value of US $ 20 million.
The company has been assisted and advised through ICOBox, the leading provider of SaaS ICO solutions. ICOBox co-founder, Nick Evdokimov, says: "CannaSOS recognized how blockchain technology and cryptocurrencies can solve the unique obstacles facing their industry, and they have set out to develop an exceptional project that will improve the experience of their clients and the community."
The sale of PerksCoin tokens continues until February 28, 2018, and the PCT is offered at a nominal price of US $ 0.80. Up to February 15 discounts are available up to 15% through the website. For more information, visit the CansaSOS crowdsale site .
This content comes to us courtesy of CannaSOS .