[ANN] | PARAGON | Revolutionizing the Cannabis Industry |

[FIEX]

I just got a bunch of my questions answered at the AMA over at reddit https://www.reddit.com/r/Iota/comments/6uxipy/iota_paragoncoin_david_s%C3%B8nsteb%C3%B8_jessica_versteeg/  Lots of great information to go through. I was answered personally by Jessica VerSteeg   

Thanks for this share!
I'm from Belgium so cannabis is already used here as medication and I live very close to Netherland were cannabis is legalised.

I never have understand what the problem is with legalizing cannabis, its no problem here to get cannabis.
There are no more problems here or in the Netherlands then in the country's were cannabis is forbidden. But thats not the discussion here .

I'm really for legalizing so I'm backing this project.
Its a great project with a lot of potential.

Great team

[matjas]

First of all i love the coin logo
The problem is, the anti cannabis campaign is very strong in some countries even for medical purpose. I know you are also trying to show support for legalization, but actual usage of this coin will be pretty limited.

[magisterr]

Oh.. Cannabis.. 
Its the first project In this niche? 
Interesting.. but in what country you planning make business? In some country (in my also) cannabis is forbitten... But in many countries is legalised (such Netherlands)

[niklasmato]

So if i get this correct.
You are planning to make a medicinal canabis system legaly backed by the government?
As far as i know medicinal Canabis is allowed in some states in the US?
How are you planning to roll this out over the whole world?

Thanks for the response.

[prodigalson]

That's funny. Blockchain + drugs (let's call things their names).
What if some countries ban any drugs, i.e. Russia? Are you aware that you can get to jail, if you just keep some weed for yourself?

[wonderfullife]

This is a serious idea. If you secure the datas about the cannabis industry you will help this industry to be recognized.

[magisterr]

niklasmato

They planning building their business not in whole world. Only in some sountries, where cannabis allowed I think. In a half of this countries cannabis allowed, ad I dont know about another half (may be also)

The ParagonCoin Center’s anticipated rollout in the following cities (order to be determined
by the community):
Oakland (Flagship HQ)
Los Angeles
Denver
Toronto
New York
Barcelona
London
Miami
Madrid
Amsterdam
Montevideo
Seattle
Prague
Sydney
Berlin
Cape Town

[Cauchy]

niklasmato

They planning building their business not in whole world. Only in some sountries, where cannabis allowed I think. In a half of this countries cannabis allowed, ad I dont know about another half (may be also)

The ParagonCoin Center’s anticipated rollout in the following cities (order to be determined
by the community):
Oakland (Flagship HQ)
Los Angeles
Denver
Toronto
New York
Barcelona
London
Miami
Madrid
Amsterdam
Montevideo
Seattle
Prague
Sydney
Berlin
Cape Town

Quite a comprehensive list. Look forward to keep an Eye as this Projects move forward. Best of luck to devs

[windreamteam]

What is interesting about this project is that you really want to protect all this industry and also the consumers. To be sure that all the process is clear and safe. I have read the whitepaper of many "cannabis coin" but this one is realistic and have a real utility. Really happy to be a member of your community !

[Klangburg]

there is supposed to be an AMA on Reddit with Paragon's CEO hosted by IOTA, too. Here is the link for anyone who is interested: https://www.reddit.com/r/Iota/ I think it's at 7 pm UTC. Great opportunity to get your questions answered.

I also noticed they have Iota listed as a partner on their website. Anybody know how exactly they are partnering with Iota?

EDIT: Nevermind, i just found it on Reddit "Paragon will be using IOTA for, among other things, its unique capacity to do large scale data integrity insurance."

Nice to see them using IOTA for that.

This project seems to be well organized since the beginning and that could make the difference amongst the other canna coins out there.
I'd really like to see their success someday.

[kraterion]

40,000,000 tokens will be used to maintain price support of the PRG tokens, 40M are a lot but wath will happen if ipotetically you run out of tokens ? An what means stable? Basically you will play the market?

Dont forget that token also has decimals so I don't see it as reasonable assumption that they could run out of coins.

But these can only be used on sell side, so maybe they use to keep the price down? 

If I have a huge amount of tokens and I want to keep price down yes, I'll put fake sell walls to drive the market. This maybe is ok for infinite emissions coins (like Corion for example they have infinite emission and they want to keep price of 1 COR = $1, they have coins to play the market basically), but I don't think that it could work for a 200M cap currency, if there's a huge demand it's not really fair to keep the price down

[biggernugs]

Honestly I saw The Game tweet about this the other day, https://twitter.com/thegame/status/895757688927248384, and the first thing I thought was another shitcoin scam. But after reading up on it and doing some research I'm pretty impressed. It seems like finally there is a cannabis based coin that actually has a realistic plan & vision for proper use, not just "use this coin to buy weed." I'll be keeping a close eye on this one and wish you luck in your project. Successful crypto is about mass adoption. If The Game is willing to market to his fanbase it can open up a whole new base of people to crypto thus bringing in more money. No offense to the team, but he's the superstar. If he's committed to the project, not just here for a cash grab, I think you'll see a whole lot more committed investors. Myself being one of them.

[dimifi]

This is a serious idea. If you secure the datas about the cannabis industry you will help this industry to be recognized.

And get legalized to! Im reading the wp and im intrigued using smart contracts for this kind of think is new to me

Im not a smoker and not a grower but i try to contribute for this project concidering how was growing is this niche of global market !

[GhostPlayer]

 
 The more I know this coin, the more I am in love. It is a thing of beauty.

 Ehtereum + IOTA + vertical rising cannabis industry?

 Pfff - no brainer.

 Whitepaper is brilliant.

[sserugh]

Hi, i´m reading up on your white paper, can you please tell me why you are making your own blockchain and not  just use the ether chain or something? what are the benefits for your function?

[cryptogoro]

 This coin is totally going to revolutionize everything. It is the catalyst for this industry to thrive. It's not all about buying cannabis, the industry needs a new, safe, infrastructure and Paragoncoin looks like they are down to do it. Great idea, and it needs to be done

[coin_miner21]

You team will focus on the medicine value of Cannabis. Bad flower can also generate good fruit. That sounds very interesting. I guess you will run the business on some specific North American cities.

[bulala]

after reading and watching the game promote it,i am really looking forward to the success of this project some day

[magisterr]

Hi, i´m reading up on your white paper, can you please tell me why you are making your own blockchain and not  just use the ether chain or something? what are the benefits for your function?

They ll have own blockchain? Hm.. its pretty good.. But they planning make own blockchain? Or its will be own blockchain at the start?

[minorthreat710]

I got this off of the white papers "Paragon is built with smart contracts on the Ethereum blockchain. It is an advanced,
open and completely decentralized application platform. Ethereum uses all the
strengths of Bitcoin’s original technology. Blockchain was first established as a digital
currency for use in financial systems, but the second generation blockchain and
its associated smart contract technology can be used for so much more."     whitepaper: https://paragoncoin.com/whitepaper.pdf   I hope this helps , Best of luck