[PRESS RELEASE – Please See Disclaimer]
LIVERPOOL, UK — November 5, 2020 — Today, Cana Token announced the launch of a new way of doing business with a cryptocurrency token linked to cannabis seeds. The token, named “Cana,” is exchanged online as an interactive, redeemable crypto-backed product linked to users’ public perception of popular and valuable cannabis seeds. Its website, cannabsiseedtoken.io, has a section for real time public user polls to decide exactly which seed strains the company will grow and allow to be redeemable. Redemptions will go live once the first grow cycle is finished.
Co Founder Ben Squires explains the concept, saying, “I have created a crypto currency token which is backed to the value of prime cannabis seeds. People who participate and vote can claim redemption seeds for tokens. Another fun way of being a part of Cana Token is through an online forum that will pay people in Cana Tokens to get involved with the community and post content. Finally, we offer a growers’ network allowing growers to trade genetics among each other and sell their products through a decentralized platform. We encourage our clients to buy tokens through the website cannabisseedtoken.store.”
Cana Token can be found on the crypto exchanges vindax, Uniswap, and Bitcratic. Crypto tokens, also sometimes crypto assets, are units of virtual currency tokens that sit inside their own blockchain ledgers. They typically represent an asset or utility. In the case of Cana Token, the asset value is backed by cannabis seeds.
Cana Token is planning a physical store launching in Liverpool during 2021 for redemptions, a seed bank, crypto selling including Cana Tokens and as a community meet-up location for like-minded people.
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