[ANN] PUFFScoin (thread closed, new ANN)

[SpacemanSpliff]

***GENESIS SALE IS CURRENTLY ONGOING. SEE POST #16 FOR SCHEDULE.***
(https://bitcointalk.org/index.php?topic=2550208.msg27161065#msg27161065)
 
CHECK OUR WEBSITE www.puffscoin.com/ico/ FOR MORE INFORMATION



Cryptocurrency has exploded into public perception, the size of its market cap this year to to a little over $420 billion dollars, with the industry standard - Bitcoin - boasting gains above 1000%. Meanwhile, the cannabis market in the United States alone reached nearly 7 billion dollars in 2016, reflecting 34% growth over 2015. Industry analysts Arcview Market Research/BDS Analytics project US sales to rise to approximately $21.6 billion by 2021, assuming a 26% compound annual growth rate in the user base with increased recreational legalization.

Canada, which will see the implementation of The Cannabis Act scheduled for July 2017, has a projected total market size of $22.6 billion (Deloitte Canada), and what many market forecasters are envisioning as an economic revolution, as production models are now being approached on an industrial scale. The legislative regime established by Health Canada for access to cannabis for medical purposes includes strict regulatory requirements for the safe production and distribution of cannabis, as well as for legal possession. Our goal, in operation of a cryptocurrency-backed medical cannabis dispensary is to proactively meet the most stringent directions and standards, and we believe the use of blockchain technolgy is the perfect vehicle to drive this emerging industry.

PUFFScoin (Private Unalterable Facilitated Financial System) is a Proof of Stake and MasterNode provision cryptocurrency that will form the backbone of all transaction processing for The Leafy Cauldron Apothecary, a medical cannabis dispensary located in Nova Scotia, Canada. We are leveraging the open-source capacity of cryptocurrency and the permanent ledger provided by the underlying blockchain protocol to support the operations of our business by filtering all transactions thru the blockchain with associated memos, which will help satisfy any KYC/AML requirements that occur as cryptocurrency's legal status in Canada is codified from its current defined character as an "intangible asset" into a "digital monetary system", as well as make customer identity security one of our highest priorities.

The Leafy Cauldron Apothecary is a provider of medical cannabis for Canadian clients holding a valid prescription, and we are establishing the full range of ACMPR licensing through the federal government of Canada to furnish these services through online sales and through our physical shopspace. Nova Scotia has set forth its rules regarding recreational cannabis sales, and we are already approaching the licensing requirements to act as an Agency Store to provide this service when the legal status of cannabis is amended.

We have decided to use the codified governance fund within our protocols to provide real philanthropy to Canadian Veterans, by supplying, at the cost of shipping, the medical cannabis they require to maintain a quality of life, beyond the limited scope of subsidization granted by Veterans Affairs Canada. Our goal is to provide utility and strength to the overall cryptocurrency and storefront projects in order to raise the intrinsic market value of PUFFS to a base minimum of USD$25 per unit, which would permit us to supply every single Veteran with the necessary medicinal cannabis needed to help more fully participate in civilian life.

Our operation will be primarily an online store, offering medicinal cannabis to clients with registered prescriptions within Canada, and we will ensure to have accurate cannabinoid analysis protocols alongside a strict adherence to pesticide free products, and solvent-free concentrates.The Leafy Cauldron will also offer smoke-shop accessories, books on a wide range of subjects including alternative medicine and science, essential oils, vape pens and e-juices, and a wide array of locally produced products. We have made arrangements with a number of East Coast artists for one-of-a-kind glassware and pipes, and will be supporting the Cape Breton artist communiity as close as we can by providing gallery space for them to show their works. We will also be providing office space for a tattoo artist, yoga teacher, massage therapist and other services at the Leafy Cauldron.

All sales through the online store will be transacted through PUFFScoin, and we have already begun talks with several other crypto-cannabis projects to allow utilization of their currencies within the scope of The Leafy Cauldron's marketplace offerings. Our storefront business is located in Sydney Mines, NS and we have a dedicated team with experience in the fields of cryptocurrency development, small business ownership, cannabis entrepreneurship and budtenders. Our ambition is to set a new standard for cannabis mercantile production as well as integrating cryptocurrency into the everyday operations of our business, expanding this digital economy with innovative services.

(Rules regarding export to other jurisdicitions for medical or recreational use have not been finalized, we will also be watching these rules very carefully, in the hopes of establish markets with other cannabis legal territories such as Colombia, Uruguay, Germany, Finland, Spain and certain regions of Australia, India and the United States which have codified the legal status for cannabis. At present, we will legally only be able to ship cannabis to Canadian addresses.)

While we will maintain the protocols of PUFFScoin with a focus in providing utility as an asset exchangable at our online marketplace (www.puffscoin.com) and at our storefront location (www.leafycauldron.ca) for products that we offer for sale, we also appreciate the decentralized aspect at the core of the cryptocurrency ecosystem. We have chosen a protocol for our currency that provides a potential for noteworthy Return on Investments to MasterNode providers, coupled with a vigorous coin distribution model over the first two years of blockchain operation that will reinforce a continual investment model into providing the advanced blockchain services the providers of MasterNodes regulate.

Our roadmap for 2018 is detailed, and we have planned to make PUFFScoin a stable and well accepted cryptocurrency out of the gate. We will be offering a "Genesis Sale" for PUFFS, the comprehensive schedule of which will be posted here on Bitcointalk in the coming week. This sale will be escrow protected and will maintain verifiable checkpoints to funded development for a measured funding release. The principals involved in this project have been long-time cryptocurrency participants, and have been deeply involved in the development process with other projects unrelated to this enterprise. We know what works to create a strong and active community, as well as the necessity to provide easy use in real world situations for the currency we represent. We are on the precipice of public acceptance and cryptocurrency ubiquity, we aim to take advantage of this distinct moment in history to build a vibrant crypto-cannabis brand, our ambition is to become the definitive niche currency for cannabis users and will be working to help other dispensaries integrate the PUFFScoin platform into their business operations.

We believe that specialty markets such as this, and niche currencies boasting a dedicated development team, can drive a very powerful economic engine. We have spent the past eighteen months building PUFFScoin, preparing the groundwork and business plan to create a digital currency with immediate representation on multiple markets, hosted full and fractional masternode hosting services, a full suite of digital wallets and a dynamic approach to further services. These include a PUFFSbranded altcoin exchange with a focus towards cryptocannabis projects and correlated enterprises, a multi-vendor free-listing marketplace and bazaar, a localPUFFScoins-type of service enabling facilitated access to PUFFScoin through peer to peer trading, our 420-friendly dating app "PUFF-Buddies", PUFFScoin debit cards, branded Android and iOS games with in-app purchases (administered by MasterNode services who receive these fees) and more.

We will be releasing our "Genesis Sale" schedule along with our Terms&Conditions on this forum within the week, along with publishing our puffscoin.com and leafycauldron.ca websites. We will then begin to elaborate on our protocols, reward schedule, user guides and specific development plans as we move through the process. We will release our wallet and code repository to the full public following the conclusion of the Genesis Sale. We look forward to answering all your questions going forward, and will maintain this thread without moderation, although we will give as good as we get to the FUDsters that will inevitably crawl out from underneath their rocks, frothing at the mouth and chock full of self-important opinions with no research to back them.

We most definitely are working on this project to make personal profit, to support our families and pay our bills. We are building a business, hosting a cryptocurrency, and at the end of the day, taking home a commensurate wage. That is the economic reality of modern life, but we also want to give back, especially to the Canadian veterans who need the sort of support we have built into our protocols.

Myself, I am a veteran who suffers post-wartime PTSD as well as carrying around several pounds of machined metal parts in place of my right knee. I suffer from photosensitive epilepsy due to cranial trauma, and have been prescribed medical cannabis to help treat my symptoms.  I consume approximately seven grams of the ten daily grams I have been prescribed in order to enjoy a quality of life that approaches somewhere near to the general neighbourhood of Normal. Veterans Affairs Canada will cover 3 grams per day, purchased from licensed Canadian producers, at a maximum reimbursement of $8.50 per gram. In 2015-16, 1762 veterans were participating in this program, the vast majority of them now, following VACs policy changes, not receiving access to proper levels of medication. The number of veterans participating in 2016-17, and within this fiscal year have not been released, but its sommon sense to project that number to be significantly higher.

I believe that cryptocurrency can solve problems faced by society in a number of ways, and very simply, we here on the PUFFScoin development team are committed to making a real difference in as many lives as we can, both in the cryptocurrency world and in the real world. We want to make sure every veteran in Canada has access to the prescribed dosage of medical cannabis they are entitled to, and we hope to expand the reach of our mission as cannabis laws around the world evolve.

If you would like to get involved with the PUFFScoin project, drop me a line. If you are a Canadian veteran who has lost consistent access to the necessary medical cannabis you require, please dont hesitate to get ahold of us and we will assist you in getting yourself on the list of sponsored recipients.

Pro patria.

[1714644794]

1714644794

[1714644794]

1714644794

[1714644794]

1714644794

[greenfailure]

fyi your website is dead, or atleast that is a dead link

[trugad]

Good afternoon.
I offer the services to the manager's bounty.
All details can be discussed in PM.

[SpacemanSpliff]

fyi your website is dead, or atleast that is a dead link

as mentioned, we'll be rolling out the websites this week along with further information regarding our genesis sale, core protocols, reward structure and favorite cleaning tips to get at that tough to reach resin in the corner of your bong as the week progresses. (spoiler alert: minty fresh smiles!)

[tianyi321]

I've seen several projects on cannabis here, proving that it's very popular.
but i can't open the web site, it is broken?

[tighthatching]

What is the key idea of the project?

[SpacemanSpliff]

PUFFSCOIN

INTRODUCTION

PUFFScoin is a medical cannabis dispensary backed cryptocurrency, built primarily to serve as the permanent transaction ledger for The Leafy Cauldron Apothecary through the usage of blockchain memos recording client number, purchase data and other salient information. PUFFScoin will also operate as a classic cryptocurrency, offering incentivization through payments to simple stake-holders via Proof of Stake and to MasterNode providers for maintaing that system of advanced blockchain services.

I will release this as a series of posts, its a long read, and there will be much more intensive and detailed information available on puffscoin.com when we launch later this week.

CONTENTS

SPECIFICATIONS
MASTERNODES & THE SEESAW REWARD MECHANISM (https://bitcointalk.org/index.php?topic=2550208.msg26216486#msg26216486)
THE LEAFY CAULDRON APOTHECARY (https://bitcointalk.org/index.php?topic=2550208.msg26217399#msg26217399)
THE VETERANS ENDOWMENT FUND
THE PUFFSCOIN "GENESIS SALE" (https://bitcointalk.org/index.php?topic=2550208.msg26217956#msg26217956)

LINKS

Facebook: https://www.facebook.com/PUFFScoin
Twitter: https://twitter.com/PUFFScoin

SPECIFICATIONS

Algorithm: Xevan
Reward System: Proof of Stake/MasterNodes with Seesaw Reward algorithm
Block Reward: Static Reward/Variable based by block height
Average APR: Variable during first 48 months. Beyond 48 months ~ 15:20% (PoS:MN at equilibrium)    

MasterNode Collateral: 5000 PUFFS

Block Time: 60 seconds
Difficulty Retargetting: Dark Gravity Wave v3 (every block)

Premine: 100,000,000 PUFFS
Total Supply: uncapped

Port: 50710
RPC Port: 50420
Minted Confirmations: 101
Transactions Confirmations: 6

~Proof of Work Schedule~ (Limited private run for testing, set-up. Low rewards)

[block# 1]                GENESIS BLOCK - 100 mln PUFFS. Detailed statement below.
[block# 2-2880]        20% MN (0.4 PUFFS) / 80% MINER (1.6 PUFFS)
[block# 2881-5760]   20% MN (0.4 PUFFS) / 70% MINER (1.4 PUFFS) / 10% Available to the Veteran's Endowment Fund (0.2 PUFFS)
[block# 5761-10080] 45% MN (0.9 PUFFS) / 45% MINER (0.9 PUFFS) / 10% Available to the Veteran's Endowment Fund (0.2 PUFFS)

Last Proof of Work block: 10080 (approximately one week)
Proof of Work mintage: 20160 PUFFS

We will have a very limited POW phase with low rewards beyond the Genesis Block fund. We will be using this period to ensure masternodes are operating efficiently, transaction obfuscation and instant send functions are operating, and so on.

~Proof of Stake Schedule~ - 90% distributed proportionately to stake wallet and master node, 10% to Veterans Endowment Fund during all phases. Effectively, this Fund is represented in a superblock minted once every 16,616 blocks. With a maintained 60-second block time, this will occur every eleven and a half days.

The proportion paid to MasterNodes and simple stake-holders fluctuates based on the SeeSaw Reward Mechanism which is calculated based on the proportion of total currency held in MasterNodes compared to the whole supply, along with a specific Block Reward schedule based on the Mandelbrot Curve during the first two years of blockchain operation. This reward structure will ensure that the protocol will initiate the minting of PUFFScoin to a balance essentially equal to the simple staking Cauldron and Developer Reserves in that period, promoting the decentralization of the coin beyond its use in The Leafy Cauldron. Our goal is to reach long term equilibrium between MasterNode ownership and simple stakeholding wallets to creating a ~20:15% APR respectively. This point would be reached with MasterNode saturation at about 37.5%.

BLOCK REWARD SCHEDULE

PoS Phase 01: [blocks 10081-20160]      (1 week) 3 PUFFS
PoS Phase 02: [blocks 20161-40320]      (2 weeks) 5 PUFFS
PoS Phase 03: [blocks 40321-60480]      (2 weeks) 10 PUFFS
PoS Phase 04: [blocks 60481-80640]      (2 weeks) 15 PUFFS
PoS Phase 05: [blocks 80641-100800]    (2 weeks) 22.5 PUFFS
PoS Phase 06: [blocks 100801-120960]   (2 weeks) 30 PUFFS
PoS Phase 07: [blocks 120961-141120]   (2 weeks) 40 PUFFS
PoS Phase 08: [blocks 141121-161280]   (2 weeks) 50 PUFFS
PoS Phase 09: [blocks 161281-181440]   (2 weeks) 62.5 PUFFS
PoS Phase 10: [blocks 181441-201600]   (2 weeks) 75 PUFFS
PoS Phase 11: [blocks 201661-221760]   (2 weeks) 90 PUFFS
PoS Phase 12: [blocks 221761-241920]   (2 weeks) 105 PUFFS
PoS Phase 13: [blocks 241921-262080]   (2 weeks) 122.5 PUFFS
PoS Phase 14: [blocks 262081-282240]   (2 weeks) 140 PUFFS
PoS Phase 15: [blocks 282241-302400]   (2 weeks) 160 PUFFS
PoS Phase 16: [blocks 302401-322560]   (2 weeks) 180 PUFFS
PoS Phase 17: [blocks 322561-342720]   (2 weeks) 200 PUFFS
PoS Phase 18: [blocks 342721-362880]   (2 weeks) 220 PUFFS
PoS Phase 19: [blocks 362881-383040]   (2 weeks) 230 PUFFS
PoS Phase 20: [blocks 383041-403200]   (2 weeks) 240 PUFFS
PoS Phase 21: [blocks 403201-483840]   (8 weeks) 250 PUFFS
PoS Phase 22: [blocks 483841-524160]   (4 weeks) 200 PUFFS
PoS Phase 23: [blocks 524161-564480]   (4 weeks) 150 PUFFS
PoS Phase 24: [blocks 564481-604800]   (4 weeks) 100 PUFFS
PoS Phase 25: [blocks 604801-645120]   (4 weeks) 87.5 PUFFS
PoS Phase 26: [blocks 645121-685440]   (4 weeks) 75 PUFFS
PoS Phase 27: [blocks 685441-725760]   (4 weeks) 62.5 PUFFS
PoS Phase 28: [blocks 725761-766080]   (4 weeks) 50 PUFFS
PoS Phase 29: [blocks 766081-806400]   (4 weeks) 45 PUFFS
PoS Phase 30: [blocks 806401-846720]   (4 weeks) 40 PUFFS
PoS Phase 31: [blocks 846721-887040]   (4 weeks) 35 PUFFS
PoS Phase 32: [blocks 887041-927360]   (4 weeks) 30 PUFFS
PoS Phase 33: [blocks 927361-967680]   (4 weeks) 27.5 PUFFS
PoS Phase 34: [blocks 967681-1008000]  (4 weeks) 25 PUFFS
PoS Phase 35: [blocks 1008001-1048320](4 weeks) 22.5 PUFFS
PoS Phase 36: [blocks 1048321-ongoing]               20 PUFFS

[princehandsome]

I want to know more about this project but it seems link website still not yet. i'm believe if you will make links website on your projects.
let people here know about the details of your project including me.

[SpacemanSpliff]

MASTERNODES & THE "SEESAW REWARD MECHANISM"

Built from the PIVX 2.1.1 core, PUFFS will maintain the "Seesaw Reward mechanism", which smoothly adjusts the proportion of static block reward split between simple stake-holders and MasterNode providers according to the weight of currency held by all MasterNodes correlated to the total units of coins minted. This produces an advantageous Return on Investment for MasterNode providers in the first few years of blockchain operation as MasterNodes receive the lion's share of the block reward while the weight of MasterNodes against the simple stake-holding wallets is smaller.

The higher the number of active MasterNodes, the smaller the portion of each PoS block reward that will be paid out to them and the larger the proportion of the reward is alotted for nodes which are simply staking the currency in active PUFFScoin clients. Conversely, when the masternode count falls below a threshold, the masternode reward portion is increased and the staking node reward portion decreased.

To illustrate this, when MasterNode saturation on the network is less than or equal to 1% of total circulation, the MasterNode receiving the block reward receives 90% of the block reward, the staking wallet receives 10%. 10% of this reward value is calculated towards the Veterans Endowment Fund superblock for that epoch. At 10% MasterNode saturation, the proportion of the block reward to the MasterNode provider decreases to 80%. At 25% saturation, the ratio dips to 65% of the block reward sent to the MasterNode and 35% to the staking wallet. Equilibrium is reached at ~41.5% MasterNode saturation, at which point the block reward is split evenly between MasterNode and staking wallet.

As the number of coins locked in masternodes rises above 41.5% of the total PUFFs coin supply, the block reward division will shift with more than 50% of the block reward going to staking nodes. At 75% saturation, MasterNodes receive about 25% of the reward, and should MasterNode saturation eventually reach 99% of the circulating currency, their measure of the block reward would bottom out at 5%.

MasterNode Services

These MasterNodes provide extra services to the user's of PUFFScoin, namely Obfuscated Transactions and SwiftTX. Obfuscation is an in-wallet "coin mixer" that allows for much greater anonymity for transactions. SwiftTX features near instantaneous transactions which are validated by the MasterNode network and do not need the confirmations a simple transaction across the system would require. Future development to the protocols will also allow us to filter micro-transactions from proprietary smart phone games with in-app purchases denominated in PUFFS through the MasterNode network as well, making use of this distributed pool of computational capacity for running applications.  

MasterNodes, as a service to the coin's community, allow for a form of decentralized governance, and whereas most cryptocurrencies that have leveraged a similar codebase take advantage of the protocols funnelling 10% of the block reward to the Budget and Governance Fund to maintain funds for protocol development, PUFFScoin has instead allocated the use of these funds for the Veterans Endowment Fund, that will be used to purchase medical cannabis from the dispensary which will then be distributed to Canadian veterans who require access to greater daily amounts of cannabis than Veterans Affairs Canada currently reimburses for.

We have prepared for other funds to be apportioned towards community protocol development proposals, which will be realized from the staked interest generated by the "Cauldron Wallet", a balance of staking PUFFScoin owned by the Leafy Cauldron Apothecary. We felt it was of greater urgency to ensure the consistency of deposit for the Veteran's Fund, warranting that veterans and first responders are taken care of.

MasterNode Hosting

We have already spoken with a few respected and trusted third-party "MasterNode hosters" who can set up the MasterNode, administer and maintain it for a fee for those that find the deeper [Suspicious link removed]mands too daunting. Some of these services also offer "fractional MasterNode hosting" for those who wish to only invest a smaller amount into the PUFFScoin MasterNode economy, allowing for users to invest starting at 1/50th the needed collateral required, receiving the same fractional return when that MasterNode is selected to receive it's portion of a block reward.

MasterNode Payments

Masternodes are randomly selected to receive payment for each new block, generated approximately every minute, from a list of active masternodes that have reached the top 10% of the total count of masternodes. A masternode that has received a block reward is removed from this list and moved to the bottom of the ledger after earning its block reward. As more masternodes are created, the catalog of available nodes increases and the duration between payments to individual masternodes increases as well. Due to the selection algorithm, there is always an aspect of randomness to payment selection, but in the long term all masternode owners should receive similar payments.

As the number of masternodes increase, the proportion of the block reward that they receive decreases against the amount awarded to the simple stakeholding wallets. This reward schema finds equilibrium when approximately 40-42.5% of coins minted on the network are secured by masternodes, and both stakeholder and masternode provider receive 45% of the block reward. This reward is maximized early on when the proportion of masternodes to the overall currency balance is low, at 0.1% of the total accounting of PUFFS, to 85% of the block reward, with 5% going to simple stake holders. The reward ratio follows a 105-step algorithm towards masternode ownership of 99.9% of total ciirculation, and a reward of 5%, compared to 85% going to simple stake-holders.

If the collateral (5000 PUFFS) securing a masternode is spent, or if a masternode stops providing its services to the network for longer than sixty minutes in a twenty-four hour period, it is removed from the MasterNode List until its normal service resumes.

Having so many servers holding a full copy of the blockchain and working actively on providing services for the currency ecosystem can be exceptionally beneficial. Thanks to the varying reward system and the constant predictable distribution of new minted currency (that they themselves help produce) to compete for collective network proportionality, there is no risk of not having enough masternodes or of having too many. Future projects, features and developments can also be quickly deployed through the masternodes, allowing for scalability.

Masternodes have become very popular as a system to promote network stability and asset holding. DASH, arguably the pioneer of the masternode system, from which the open-source projects PUFFS is ultimately based upon have evolved, has over 4500 masternodes running on its network. DASH masternode owners are required to secure 1000 DASH for this, which has a cost to the user of USD$908,000 (12.12.2017 unit price of DASH=USD$908.18). This means that 4.5 million DASH, out of a circulating 7.7 million total coins [about 57%], with an aggregate value of a little over 4 BILLION dollars, is set aside to provide the services for the DASH platform.

The block reward is approximately 3.6 Dash, so the selected masternode receives 1.8 Dash (about USD$1634.72) per payment. Each masternode is awarded an average of 7 Dash (about USD$6.357) per month. The DASH block reward is scheduled decreases by 7.14% approximately once per year, so the annual return on investment (ROI) to a masternode owner is currently approximately 8.4% and will decrease over time, although the value of the investment (the price of DASH in comparable fiat) will adjust as well.

The same ideal is what we have envisioned for PUFFS, to increase use and promote masternode hosting by users. Coupled with our Veteran's Endowment, we will remain very aware of the overall valuation of our currency, in the hopes of promoting the project to achieve our target valuation metrics which will permit us to assist, through the Veteran's Endowment Fund, in covering the requirements for every veteran in Canada. (currently about USD$23.50)

Payment Logic

Masternode payments in PUFFS  use a "decentralized deterministic queue" with probabilistic selection for block reward payments. Every masternode appears in the Global List. Their position on this list is determined by the time since the last block reward payment it was granted, according to the network, not the blockchain. New masternodes joining the network and masternodes having just received payment of their block reward payment are placed at the bottom of the list. As masternodes are moved to the end of the global index, the remaining masternodes awaiting payment of a block reward migrate towards the top of the list. Once a masternode reaches the top 10% of the global list, it becomes eligible for reward endorsement from the selection pool.

The selection pool is determined by the total masternode count. As an example, if there are 5000 active masternodes, the higest ranked 500 masternodes in the global list are eligible for selection at any one time. Once a masternode is represented within the selection pool, selection for payment is determined by "block hash entropy" - the block hash 100 blocks ago determines which masternode will be selected for payment. A double SHA256 hash of the funding transaction hash and index for all masternodes in the selection pool is compared with the proof of stake hash 100 blocks previous. The masternode with the closest numeric hash value to that block hash is selected for payment. Because selection is determined by block hash entropy, it is impossible to predict when a payment will occur.

Once in the selection pool, payments become a probability. These probabilities can be calculated using the assumed masternode pool sizes referenced above. As an example, after a masternode has been in the selection pool for 1 hour, generally 60 blocks will have been solved and added to the blockchain. Thus, 12% of masternodes in the selection pool due to be selected will have already been chosen and removed from the selection pool to the back of the list. The more time proceeds, the more masternodes competing in the selection pool will be removed, replaced from below, and the higher the probability of receiving a masternode block reward payment becomes for any specific masternode provider. With a 60 second blocktime, the likeliest longest wait for a masternode to receive payment once it is included in the selection pool is approximately 8 hours and 15 minutes. For ones masternode to migrate upwards into the selection pool once again after receiving payment would require, at most, 3 and a half days between block reward and reinsertion into the selection pool. When we have a true market valuation for PUFFS, as dictated through the third-party crypto-exchanges, it will be simpler to evaluate the perceived Return of Investment thru the PUFFS Masternode system, but this will be a very fluid dynamic, owing to the hard-coded changes in block reward, and the proportionality of reward between MasterNode providers and simple staking wallets.

Example: 1 Masternode (5000 PUFFS) valued from the final asking price of the PUFFS Genesis Sale (0.0001 BTC=USD$1.69 -12.12.2017) would cost each masternode operator USD$8450. Assuming the maximum number of Masternodes are created following the Genesis Sale by early purchasers, 500 masternodes would be set up, securing 2.5 million PUFFS against the simple stakeholder wallets represented by the shop-owned "Cauldron" and the cumulative "Developers Reserves" of 90 million, the masternodes would represent 2.7% of the overall currency. Thus, by design, they would receive 85% of the block rewards. The "top 10%" of masternode providers would see an hourly turnover, meaning that once a masternode was included into the selection pool, it would receive its block reward proportion within 60 minutes. The turnover from the bottom of the Global List to reinclusion into the selection pool would require about 8 hours, meaning each masternode would receive, on average, 2.5 block rewards per day. Calculating this based upon a 22.5 PUFFS block reward*1, and based on the final Genesis Sale price, each masternode block reward would equal 19.125 PUFFS, having a perceived value of about USD$32.32. Daily return, averaged at 2.5 block rewards, would equal about USD$96.97.  To gain 100% ROI (USD$4018.50), based on these static figures, would require 88.02 days of blockchain operation. Annualy, this ROI would be calculated to 372%.

These figures only serve as an example, not as a promise for future profit. We cannot control the number of MasterNodes deployed for the PUFFScoin network, nor the eventual values of PUFFS or BTC. The above example is for illustrative purposes only, to describe the math.

Hours   Blocks      Probability
1        60       12%
2       120       24%
3       180       36%
4       240       48%
5       300       60%
6       360       72%
7       420       84%
8       480       96%
9       520       99%

(Running, active masternodes which are restarted using the rpc commands 'masternode start' or 'masternode start-alias' are also placed at the end of the global list. Using the new rpc command 'masternode start-missing' avoids this.)


(*1: see Block Rewards for a detailed schedule of the Block Reward Distribution Schedule, specifically for the first 48 months of blockchain operation. For this example we have used the rewards set forth early on in blockchain lifecycle, PoS Phase 5, starting the third month of PUFFScoins operation. The plan is a calculated release of PUFFS to equal 40 million in the first 12 months, a further 20 million in the following 12 months before settling in to a 20 PUFFS static reward (about 10 million PUFFS per year). Year four will feature the mined currency equalling the combined Cauldron and Developers funds, where sustainable equilibrium should be very reachable.)

[SpacemanSpliff]

THE LEAFY CAULDRON APOTHECARY

The Leafy Cauldron Apothecary is a medical cannabis dispensary in Nova Scotia, Canada. We will be launching our online shop with general access to cannabis accessories, alternative health and science books, and more very soon. We will begin to provide medical cannabis once the bricks-and-mortar location passes final federal inspections. We will also be pursuing the requisite provincial designation necessary to offer local sales of recreational cannabis after assent of Bill C-45 (The Cannabis Act) in July 2018, consistent with all municipal, provincial and federal guidelines, now that those have been codified.

The Leafy Cauldron will maintain its storefront presence with a view towards community involvement, and will host free programs for clients ranging from painting lessons, yoga and PTSD support groups. We will also offer a variety of services on site, including the presence of a tattoo artist, gallery space for local artisans, a vape/ejuice shop, and more. (Our dispensary building is 6000 square feet, with many rooms, a former convent.) We already have plans to expand our merchandise line towards edible cannabis products in our industrial sized kitchen when those guidelines are established.

We also have arrangements begun with local craftspeople to supply unique cannabis accessories - one-of-a-kind blown glass water pipes and  Louisbourg-era clay pipe replicas scaled to cannabis consumption as examples.   

Our overall goal, as a cryptocurrency and as a dispensary, is to provide exemplary "above-and-beyond" level customer service and build our project as a cohesive work, earning through currency-servicability a higher unit price against fiat in order to supply a larger number of veterans and first responders. If we can reach USD$25/PUFFS, we can supply every veteran in the program with the medical cannabis they require. We hope to expand this service to also help first responders and low-income under-insured patients access the required medical cannabis they need as well. We will have  payment options in place to assist beyond the scope of our philanthropy.

THE VETERANS MEDICAL CANNABIS ENDOWMENT FUND

Every 16,616 blocks (on average, about eleven and a half days) a "superblock" is mined, representing a value equal to 10% of the total block rewards minted during the previus epoch. On many similar code-based projects, these funds are those which the community makes proposals and votes for protocol upgrades upon, which pay the developers a continuous wage (essentially regardless of involvement), and allow for a decentralized form of community involvement with the core project. We have set aside the balance staked from the Cauldron Wallet for these purposes.

In its place, we have set up the Veterans Endowment Fund, which will be used to purchase medical cannabis for Canadian Veterans, especially those treating wartime PTSD. Veterans Affairs Canada’s (VAC) current reimbursement policy for medical cannabis has established a limit of 3 grams of dried marijuana daily, or its essential equivalent in a concentrate form, unless the veteran in question has a favourable decision for an exceptional approval, a process about as frought with red tape and bureacracy as one would expect. This is further limited with a maximum unit price of CAD $8.50 per gram (~$6.50 USD), and must be purchased from an approved dispensary. Some Canadian dispensaries have embraced comapssionate care ideals and have maintained assistance to those affected, but still too many fall through the cracks, or find barriers to show their injuries are resultant of service, and remain in need.

Regardless of the reasons behind the reduction from 10 grams daily veterans were entitled to, much harm was done. Simple considerations like body mass, ingestion method, cannabinoid tolerances, etc were ignored. Advocacy groups have cropped up online, petitions have been signed and delivered to government, and perhaps they will recognize the true scope of this issue but change is often glacial in its implementation. Someone needs to step in and fill the void, not only for the military veterans - but for paramedics, fire fighters, police officers, search and rescue personnel - for those who suffer economic hardship and a lack of pharmaceutical insurance. Too many hoops to jump through, far too many draconian regulations.

In fiscal year 2015-2016, VAC spent $247.8 million dollars on treatment benefits for veterans, approximately $21 million of that amount was spent on cannabis for medical purposes. In the six months between April and September of 2016, this figure rose to $31 million, $10 million more than the entire year before. It was this increase in cost towards the health and well being of the veterans who had served the nation that became their justification for reducing the available daily funding for the supply of medicine veterans rely on.

Cost savings should be a secondary consideration compared to the health and well-being of veterans, although the Auditor General made it clear that Veterans Affairs Canada is also required to ensure good value for money in the administration of its programs. We think we can do better, and provide value to veterans, offering as much subsidization as possible to provide an improvement in the quality-of-life of Canadian veterans.

We would be thrilled to have the opportunity to supply the same sort of service in other jurisdictions, and as legislation worldwide readjusts itself against the antiquated and misrepresented prohibitions on cannabis, we will explore how to scale the program towards providing these services further afield. There are state level groups advocating for veteran's rights to medical cannabis, and studies are being conducted internationally to test the efficacy of cannabis therapy for PTSD.

Myself, I am a veteran. I suffer from wartime PTSD, and from "recalcitrant epilepsy". I am not insured through VAC, but that has always been a personal decision, my war was several decades ago. I still wake up in the middle of the night, drenched in sweat, senses halfway between then and now. I use medical cannabis to help me sleep thru the night and to deal with the stress I encounter in the everyday world that bring me back to combat mentality. I was required to use street-level dealers with questionable product for years; I have used federally licensed producers; I have used the dark web. I have done what was needed to ensure that my reversion to combat-readiness and paranoia under stressor situations was not an acute phenomena, to help deal with daily grand mal epileptic seizures that eventually put me out of the traditional work force, and beyond insurable reach for cannabis. For me, this project is personal for many reasons, and is the sort of legacy I want to leave on this world, that I helped build something that made lives perceptively BETTER.

Expenditures - Marijuana for Medical Purposes
Fiscal Year*   # in receipt MMP        MMP Cost

2007-08            1                           n/a
2008-09            5                           $19,088
2009-10            15                           $43,365
2010-11            23                           $63,057
2011-12            37                           $103,424
2012-13            68                           $284,632
2013-14            112                           $408,809
2014-15            628                           $5,160,747
2015-16            1762                   $20,538,153
Source: VAC Statistics Directorate
*fiscal year ending March 31

A lot of cryptocurrency projects have taken to the small percentage of block reward going to the "Foundation" behind the projct, to fund further project development. Because this is not JUST a cryptocurrency project, this is a business that will USE cryptocurrency in as many ways as it makes sense to, we are confident that further development and profit for the business will come from our retail sales models and not just from market valuation. That 10% that would go to that funding, which with a lot of projects, probably never goes anywhere close to that purpose, is better served to fund something important. To fund the Veteran's Medical Cannabis Endowment.

Using the ICO final unit price of 0.0001 BTC as a guideline, we can use todays noon-GMT value for 10,000 satoshis as USD$1.70, coupled with a 60 second block time, and the PoS Phase 7 rewards of 40 PUFFS, to calculate how much, valued in PUFFS, the "Veteran's Endowment" would receive at about the three month mark.  10% of the daily minting at that point is roughly 5750 PUFFS, which would have an assumable value of about USD $9750 (over $12,500 CAD). Estimating an average wholesale cost - with packaging, shipping, and overhead costs - of CAD $6 per gram of cannabis, this fund would supply a value of a little over 2000 grams per day for veterans. Estimating the average veteran's prescribed medicinal need over and above the federal governments allocation for reimbursement at 5 grams per individual, daily, the Veteran's Endowment would be able to supply over 400 necessitous veterans.

At the apex of block reward dispersement, with 200 PUFFS minted every block, 28800 PUFFS daily will be minted towards the Veterans Endowment. A value, assuming the price remained absolutely level for BTC and PUFFS, of nearly USD$50,000 would be provided DAILY towards veterans health. Enough to assist a thousand veterans. When our long-term block reward dials back down to 20 PUFFS, we hope that the value we have created for PUFFScoin, as a service and as a cryptocurrency, serves to enable us to produce the greatest good possible for the largest population in need.

Statistics for the number of Canadian veterans using cannabis therapy for the fiscal year ending March 31, 2017 are not currently available, but one can make logical assumptions related to the increase seen from years preceding, and I would not be surprised to see that number in the range of four to five thousand vets. Clearly we will need to build value for this project, to build market valuation, in order to make the largest philanthropic impact as we can with available resources.  We will work on a grassroots level, partnering with local veterans groups to find suitable candidates, ensuring that we reach those in most need.

We have already begun talking with these sorts of medical cannabis advocacy groups, both here in Canada and in the United States and will be able to make announcements regarding partnerships with them as we get closer to our public launch date.

[SpacemanSpliff]

THE PUFFSCOIN "GENESIS SALE"

We are implementing a "Genesis Sale" prior to our public launch, which will be checkpoint laden and escrow-protected. The schedule for this sale will be posted in a few days. Our goal is to provide funding for the dispensary and to establish market presence and services from right out of the starting gate for PUFFScoin. Funds have been designated from Phase 2 of the Genesis Sale to purchase listings on at least 3 third-party exchanges as well as paying for integration to multi-coin wallet and simple-exchange providers. We have also set aside funds to cover the costs of licensing a white-label exchange solution to provide a further facility of access for clients to purchase PUFFS, which will feature PUFFS and BTC base-pair markets and integration for trade in other crypto-cannabis and philanthropic altcoin projects, building a larger community overall. The Genesis Sale schedule will be published before the week's end.

The premine for PUFFScoin is set to 100,000,000 PUFFS. 50% of this will be set into the Cauldron wallet to process transactions through The Leafy Cauldron; the four principal members of the core development team for PUFFS and The Leafy Cauldron Apothecary will each claim a developer's reserve of 10 million PUFFS from which executive wages will be drawn for both the work on PUFFScoin and The Leafy Cauldron Apothecary.

The remaining 10 million PUFFS will be split into the Genesis Sale wallet and the Social Bounty wallet. We have allocated 2.5 million PUFFS for our Genesis Sale with another 2.5 million set aside in the case that demand for the currency during the final phase of the sale is such that the community agrees to the dispersal of more PUFFS. Should this not be necessary, those funds will be added to the Social Bounty wallet to fund social media and signature campaigns. Several MasterNodes will be built from the Social Bounty wallet in the early stages of the PUFFScoin economy, which will be raffled off in a transparent and fair manner to community members during our first year.

The justification for such a large fund is simple. As the Cauldron and the Developers Reserves will be simple staking wallets, they provide resistance to the overall weight of MasterNodes compared to the whole balance of  minted coins for a much longer period, enabling vigorous ROI to MasterNode providers on a protracted basis. The staked interest generated by the Cauldron will increase as the number of MasterNodes increase, according to the Seesaw Reward algorithm, allowing for a balanced approach to how the funds for blockchain development are raised, maturing alongside the system.

The Cauldron Wallet will maintain its balance of 50 million PUFFS as closely as possible, the balance above this threshold, earned thru simple stake-holding, will be admeasured towards community proposals for protocol advancement. We have also been in contact with a number of other crypto-cannabis projects, and will be working hand-in-hand with those ventures that have active development teams continuing to improve their coins to integrate their acceptance at The Leafy Cauldron. We believe very strongly in the idea of community within the cryptocurrency ecosystem, and will also be featuring those altcoins for trade on our exchange against PUFFS and BTC when it is enabled.

The Developers Reserves wallets will also be staking balances, set-up to provide the monthly developer compensation to be drawn as wages by the principal core development team. We will not be taking monthly compensation from the community development budget, instead we will draw our wages from the interest minted through our Developer's Reserves. This encourages us to maintain a strong work ethic, increasing the vale of our wages by increasing the utility and value of our currency.

We will release the Genesis Sale schedule, budget and checkpoints in the next few days as well as launch our puffscoin.com website. Stay tuned!

ROADMAP FOR 2018

QUARTER 1
-Public release of PUFFScoin Core, "Genesis Sale" purchasers receiving wallets two weeks prior to conventional delivery.
-Launch of The Leafy Cauldron online market. Medical cannabis distribution within Canada (ongoing registration process).
-Release of contracted Android and iOS wallets.
-Paid integration into exchanges, multi-currency merchant gateway providers.
-Beginning to integrate third-party crytpo-cannabis altcoins for The Leafy Cauldron.
-Initial Twitter/Facebook/Instagram campaigns.

QUARTER2
-Opening of The Leafy Cauldron storefront
-HAPPY 420! giveaways and events. More social media campaigns.
-Release of free-listing multi-vendor marketplace for PUFFS community bazaar.
-Test/release of PUFFS-BTC exchange, addition of crypto-cannabis submarkets.
-Release of "pooled staking" services.

QUARTER3
-*LEGALIZATION OF RECREATIONAL CANNABIS NATIONWIDE*
-*OH CANNABIS DAY CELEBRATIONS * Grand Opening of The Leafy Cauldron Apothecary*
-Onset of recreational cannabis sales online.
-(Assuming provincial licensing) Onset of recreational cannabis sales instore.
-Release of localPUFFScoins website.
-Release of PUFFS buddies website.

QUARTER4
-Release of first smart phone games featuring PUFFS denominated in-app purchases.
-REMEMBERANCE DAY EVENTS
-further developments, including protocol upgrades following parent-chain enhancements.

We will release out "Genesis Sale" roadmap and schedule in the next couple of days. That should give you all enough time to get through THIS. I don't apologize for the length or breadth of these posts, even though we live in a world of "TL;DR". Sadly, those projects that cater to Sesame Street sized attention spans tend to be the ones that have that same affliction themselves. We are a group that prides itself on the comprehensive knowledge we have of the cryptocurrency industry, the medical cannabis industry and the implications of the upcoming legalization of recreational cannabis across the breadth of Canada. We plan on working with international veterans groups to provide ways to assist, using PUFFS, those who have served in the armed forces or police services, paramedics and fire fighters, search and rescue personnel dealing with service-related PTSD- that we can make a real difference in the quality of life that they experience.

What we are building is a very serious and well-thought out dispensary business, supported by a cryptocurrency... or a cryptocurrency which is intrinsically supported by a dispensary business. Depends how you look at it. I do hope that other dispensaries will see what we do with this project and come on board to accept PUFFS themselves. We have talked with several dispensaries nationally who are participating in current studies related to Cannabinoid Therapy for wartime PTSD, and are hoping to engage a full suite of clients, from across the country, within the first few months of operation with fulfilled philanthropy.

[supplyabject]

I am very interested in the project but I still have a lot of questions to ask about this project. I am sure the project will succeed because it is highly appreciated on all media

[sparker327]

so there is a PREMINE of 100 Million coins, yet your proof of work is 10800 blocks or roughly 20000 puffs.. your smoking waaaay to much of your own product.

Newbie registered account for DEV.. have no clue who you really are... stay far away from this SCAM

[SpacemanSpliff]

so there is a PREMINE of 100 Million coins, yet your proof of work is 10800 blocks or roughly 20000 puffs.. your smoking waaaay to much of your own product.

the PoW phase, for our purposes, does not suit a commercial business operation tied to a cryptocurrency, and honestly, the simple waste it produces... the cumulative electricity burned by the miners who DONT forge the next block... is environmentally irresponsible. we will use our limited PoW phase to set up and thoroughly test the Obfuscation and SwiftTX services, and it will be run in a generally private manner BEFORE the public launch of the coin. for all intents and purposes, PUFFS is released publicly as a Pure-PoS coin with MasterNode services.

we have, in response, scheduled the PoS phases of PUFFS to be very dynamic over the first two years of blockchain operation before leveling off at a durable rate for sustainable return and a controllable currency inflation. this will produce a decent coin supply overall, allowing for multi-market liquidity as well as in-house market usability. Overall it will allow community held and circulating funds to roughly equal the simple staking wallets held in the Cauldron and the developers reserves.

we have no hard cap to the currency, although that may be a subject for community discussion down the line... we do plan on scrupulously investigating the changes made towards PIVX 3.x as they might apply to our future development.

and yes, i DO smoke a lot of our own product. im prescribed ten grams a day to deal with wartime PTSD and epilepsy. to be fair, though, i have an almost superhuman tolerance level, and its DAMN FINE KIND.

Newbie registered account for DEV.. have no clue who you really are... stay far away from this SCAM

well, as many projects do, the official account thread is started with a unique username. my common username on the forum is "abvhiael" and ive been deeply involved with SOILcoin, which Im still mucking about with dApps upon, but took a step back from project development last year to concentrate on those smart contract suites that will eventually provide the functionality for the project id envisioned in 2014 when we launched. I have also recently worked with the founder of GAY Money but came to a mutual termination of partnership, conflict of personalities mostly... it is a perfect niche market to build for, but the founder was a bit flaky when it came down to doing the things he needed to do to push the project forward. it was an uncooperative atmosphere, and while i wish them the best of luck going forward, i wont be involved in any of the future development of the project.

(if you have any doubt to the veracity of who i say i am, just read a few of my posts for SOILcoin and compare it to my hyper-verbosity on this thread. my love affair with the english language is a completely impossible element to hide.)

Ive worked on a smaller basis with some other developments, help them build a marketable idea behind their currency, keeping others simply honest. As a tattoo artist, I began accepting TattooCoin earlier this year, but didnt get involved with their deeper development. Tried to assist the developer behind AMYgws to get his project going but language barriers and me not willing to shoulder the whole load for someone to reap the benefits, did what i could.

ive been a vocal proponent of blockchain sacrosanctness and for developers and crypto services to voluntarily  hold themselves to a higher standard of transparency. ive probably pissed off more than a few people because of my views, but im a very black and white person, and dont lose much sleep over it. i was completely against the Ethereum hardfork to fix their mess with the DAO, it went against the IDEAL of their own project "the code is the law" sorta thing. i admire the EVM, although it wasnt the right blockchain for this project, but still take a dim view of the Ethereum Foundation's actions in that regard. i took POSWallet to task for their ineptitude, their non-existent customer service attitudes and the multiple instances behind the scenes balance tampering.

PUFFScoin has been a project Ive been working on for the last year, slowly getting the architecture built behind the coin itself and building the bricks-and-mortar side of things, setting up a team to help manage the dispensary. we have an accomplished producer as part of our team and the dispensary managers have up-to-date CTU certification.

we are offering an ICO because there are funding needs that will allow the coin to have multiple market representation, integration into coinpayments.com and shapeshift which sets up PUFFS into nearly every cryptocurrency widget thingy for wordpress and allows cannabis merchants to accept it with ease, to set up our own exchange with low fee transactions and build support for the other crypto-cannabis and generally socially conscious currencies having them traded against a PUFFS base market... utility is what makes a project succeed. community is built, is earned.

we have working relationships with several veterans groups, both in canada and state-side, and we are working on how to most efficiently structure our delivery programs, setting up an eleven day schedule to coincide with the "budget superblocks" programmed into the blockchain.

ive set up the premine to fund the Cauldron Wallet, which will be a public address tied to the Leafy Cauldron. EVERY cannabis related transaction will be run thru the blockchain, so it wont matter if a person is paying in cash, BTC, DOPE, BNGGR, ganjacoin, POT, GRWI or whatnot... online or in store... the transaction is converted to PUFFS and run through the blockchain, the transacted PUFFS returned again to the Cauldron, maintaining its balance. The Cauldron's stake will push the community development funds that are normally tied into the 10% "budget" portion of the block reward, which we've pushed towards ensuring the Veterans Medical Cannabis Endowment, probably the most important factor of the project.

the developers reserves will be held by the four principal partners in the project, the stake there generated will provide wages as profit generated in the Apothecary will be pushed back into the store again. As developers, we have worked very hard on this project, putting in 16 hour days, writing hundreds of emails and getting that weird cauliflower thing when youve been on the phone with a chatty cathy for two hours A LOT. we have no interest in dumping the currency we have in our reserves because that would affect the entirety of the business, and we are in this to make a living, to provide services, and of course, to avail ourselves to product testing.

PUFFScoin is a new project, and we needed a new bitcointalk pseudonym for the project, as once we have gotten ourselves happily established, some energetic community manager will be taking over THIS element of things allowing me to work on other stuffs. im not attempting anonymity by any means, and our website, (LAUNCHING BY FRIDAY) will have my fugly mug and name on the "meet the team" page, along the rest of the team members' handsome visages.

 

[SpacemanSpliff]

Our PUFFScoin "Genesis Sale" is set to go live today at 1600 GMT.

Details regarding the Genesis Sale schedule can be read on our website at http://www.puffscoin.com/ico/ Please read the Terms and Conditions and the Genesis Sale Purchase Agreement if you choose to participate. When the Genesis Sale goes live, will will be providing the BTC remittance address for purchasers to participate with and the user information form which will need to be submitted to us at http://www.puffscoin.com/participate_in_ico/

The Genesis Sale schedule is also printed below, in the following posting.

We had planned for third-party escrow services, and spent the past two weeks in negotiation with several individuals. Unfortunately, responses did not occur in a timely manner and as this is a time-sensitive process, with real property required to be purchased, we will be launching the Genesis Sale regardless. Understandably, the landscape of current cryptocurrency ICOs is keeping everyone busy.

We are still seeking a trusted individual to act as our escrow agent, who will ensure that our development group will adhere to the checkpoints necessary to permit continuance of disbursements to our team. If anyone is interested, please contact us here through our project account (spacemanspliff) or through our website. You can reach me at abvhiael@puffscoin.com

We have built a very detailed schedule, with a comprehensive list of expenditures. We have designed the Genesis Sale to provide utility for the currency as a crypto-equity project, ensuring that when PUFFScoin is publicly launched following the conclusion of the Genesis Sale, we will already be represented on at least five (5) separate third-party exchanges as well as integrations onto coin-exchanger sites such as coinpayments.net. This will provide price stability, dynamic arbitrage, and a healthy PUFFScoin economy. Funds raised during the Genesis Sale will also be used to build out a PUFFS-branded exchange which will feature markets for other crypto-cannabis and socially conscious altcoin projects. Our storefront website (www.leafycauldron.ca) will be up and running by the end of January and will have a fully featured online marketplace ready for the moment PUFFScoin is publicly launched on February 9, 2018.

I have been involved with cryptocurrency for close to four years, intimately involved in the development processes. We understand that a coin needs utility and purpose to be successful, and we have built PUFFScoin, and The Leafy Cauldron Apothecary to provide that.

To that end, we have officially registered The Leafy Cauldron Apothecary through the Nova Scotia Joint Stock Registry. You can search out this registration via https://novascotia.ca/sns/access/business/registry-joint-stock-companies.asp Choose the "Search the database" link and accept the simple Terms to proceed.

Our registration number is 3313499

We have also uploaded our a photographed copy of our Registration document at https://www.scribd.com/document/368079655/Registration

[SpacemanSpliff]

PUFFScoin GENESIS SALE
SCHEDULE AND CHECKPOINTS

www.puffscoin.com/ico

OVERALL FUNDING GOAL: 175 BTC

THE GENESIS SALE WILL COMMENCE AT 16:00 UTM ON DECEMBER 29,2017 AND WILL RUN FOR FORTY-TWO (42) DAYS, CONCLUDING AT 23:00 UTM ON FEBRUARY 9, 2018.

**we are still seeking a reputable escrow agent to assist us with this project. please contact us here on bitcointalk or via email at abvhiael@puffscoin.com to discuss details***

BTC raised during each phase will generally be released upon checkpoints being satisfied from the previous Sale phase. All overall transaction ledgers, legal documentation, and associated information regarding the disbursement of Genesis Sale funds will be released on our account on Scribd as public pdf files in as immediate a manner as is possible.

Purchasers will receive instructions via email to supply signed transactions and the tx hash generated, and will be sent receipt and instructions to download the PUFFScoin Core desktop client for their operating system at the conclusion of each of the final two funding rounds, and will be permitted to construct masternodes and begin simple stakeholding at that time. We will release links to the PUFFScoin Core for the general public no later than February 10, 2018.

We have set aside 2.500.000 PUFFS for the “Genesis Sale”, which will be made available in 4 funding rounds. We will require purchasers to agree to the PUFFScoin Genesis Sale Terms and Conditions and the Genesis Agreement, along with other registration appropriate at the puffscoin.com website.

To purchase PUFFS during the Genesis Sale, please send us a message, letting us know how many PUFFS you are purchasing. The Genesis Sale BTC address is [17NwE9i6nX9NcJqvbE8RvpR9J8CCgAGbVw]. You will need to send us the transaction hash from your purchase, from which we will issue you an electronic receipt detailing the transaction and the number of PUFFS you are entitled to. No later than JANUARY 29,2018; immediately following the conclusion of Phase Three, we will be contacting Purchasers with the private link for them to download and install the PUFFS Core client. After installation and syncing, purchasers will send us their PUFFS wallet address, to which we will submit their PUFFS, along with an email receipt to the Purchaser detailing the transaction hash of the PUFFS deposit.

Early subscribers will have the opportunity to set up MasterNodes and begin simple staking through their wallets at this time, although the third-party exchanges will not be open to trading at that time.

PHASE ONE

500,000 PUFFS will be made available to Purchasers at a unit price of 0.00004000 BTC. One whole Bitcoin (1.0 BTC) will be sufficient to purchase 25,000 PUFFS. The goal at Phase One will be to raise 20.0 BTC, approximately USD$375.000 (time of writing, December 18, 2017: 1 BTC = USD$18940)

Phase One will last for seven (7) days, beginning with the launch of the Genesis Sale at 16:00 UTM on DECEMBER 29,2017, concluding at 00:00 UTM on JANURAY 5, 2018. PUFFS purchased during Phase One will be released, upon receipt of Purchaser’s PUFFS wallet address, no later than February 2, 2018 at the conclusion of Phase Three.

The funds raised from Phase One will be used to purchase the available retail property located at 47 Convent St, Sydney Mines NS B1V 1K1. Property details are available upon request. The asking price of this property, sitting on 1.2 acres is CAD$79,000 (approx USD$62,000), as well as two level lots of about 2 acres in total (CAD$17.500 apiece). We are budgeting for an agreement to purchase at approximately CAD$85,000, plus legal fees. We have had discussions with the Archdiocese of Antigonish, which owns the properties in question. The AAN registration number for these properties are 00892661 (the convent), 10688876 (the proposed Serenity Space), 10450977 (which contains the ersatz parking overflow) and 10403529 (cleared lot).

This building was formerly the Our Lady of Notre Dame Convent, an historic building with the oldest sections dated to circa ~1906. It has most recently been used for offices and retail space. This building is in a good overall condition, and has approximately 7600 sp. ft. over 2 floors plus a partially completed basement. The structure consists of a mix of offices, kitchens, suites, meeting rooms and washrooms over 2 floors, some fifty-six rooms in total. Several improvements have been completed over the past 5 years including window, roofing, wiring and panel upgrades, hot water tank replacement, etc. A full half of the main floor is currently zoned as retail space, with an industrial-sized kitchen area, chapel and administrative offices. This lot features a large partially-wooded section approximately .75 acre in size, that would be be fenced and landscaped as a Serenity Space.

The secondary lots are cleared and level lots, the side closer to the convent already used as an informal parking lot. These properties will be securely fenced off and will have three 40 foot by 60 foot agricultural grade steel-buildings, locally sourced and placed on insulated concrete pads. These buildings will be built to the necessary code and guidelines from Health Canada regarding the production of consumption-grade medical and/or recreational cannabis.

The funds raised in BTC through the purchase of PUFFS in Phase One will be released immediately upon the conclusion of Phase One to the principals of The Leafy Cauldron Apothecary, and will be used to purchase and prepare the aforementioned retail property, should the first essential checkpoints be satisfied.

These costs include those for whole purchase and registration of the property as a company held asset (The Leafy Cauldron Apothecary), the costs for insurance, and for property taxes covering 2018. Along with covering the costs for construction of the basic architecture for our secure agricultural operations, the Phase One funds will also finance the essential renovations required to set up the retail section of the building, and property management.

Renovations will be done in-house, as Mr. Kostiuk, the Operations Manger and Registered Agent for The Leafy Cauldron Apothecary for the project, is long time registered contractor with thousands of hours of experience renovating the homes around Cape Breton. The four principals of the PUFFScoin development core will receive 0.5 BTC each as wages for the renovation work, although certain building standards in Nova Scotia will require the use of licensed electricians, we will hold a balance of .5 BTC for sub-contracted work on the property before its opening as a retail entity.

Phase One funds will also be applied to the purchase of necessary retail equipment such as cash registers, point of sale terminals, display counters, office furniture and computer systems. Available funds from this Phase and other will also be applied to the purchase of equipment necessary for the regulatory compliant and product safety, including cannabis testing equipment (to provide accurate potency and dosage information to our clients), as well as required equipment to test Residual Solvents in Cannabis Concentrates, and to test to ensure there are no pesticides in medical cannabis product that we purchase from wholesalers, and extraction machines for the purpose of in-house concentrates production.

Also at the outset of Phase One, the principals of The Leafy Cauldron Group will receive their staking developers wallet with 10.000.000 PUFFS. These wallets will be used to stake PUFFS as a weight against the MasterNode class of reward division, enabling the latter – community-owned service – to maintain higher proportionate return for a longer period. The staked currency from these accounts will be acted upon as wages for the principals, although we will each set out one MasterNode from our developers wallets at the outset of blockchain operation. The 0.5 BTC wage for this period will allow the developers to maintain diligent work on the project, both online and onsite, without having to draw upon wages against the open market, something we wish to avoid as the currency gains maturity. That being said, we have to eat, clothe our families, pay bills, and do the work onsite and online, so we hope this represents a happy medium.

PHASE ONE BUDGET (20 BTC)
(all costs related in CAD$)

Cost (est.) – Reason – TOTAL ASSUMED BUDGET: CAD $475.000
$85.000~ – Purchase of 47 Convent St, associated open properties Sydney Mines
$24.000 – Cost for three insulated concrete foundation pads, 42’*62′
$35.000 – Purchase of 3 (three) Pioneer Steel agricultural building kits.
$ 2.000 – Legal fees related to purchase, registration of Title Certificates
$ 3.000 – Property Taxes, 2018
$ 6.000 – Property and Building Insurance, 2018
$ 2.000 – Assorted building permits, etc.

$60.000 – Renovations and upgrades to retail space.
$75.000 – Renovations to residential spaces.
$45.000 – Cannabis extraction and testing equipment.
$20.000 – Display cabinets, retail furniture
$10.000 – Office furniture, lounge furniture
$35.000 – Security system upgrades (barred windows, updated security system, CCTV cameras and equipment)
$50.000 – Wages for principals January 2018 (reference 4x 0.5 BTC payments for principals wages during renovations)

$452.000 – SUBTOTAL

PHASE ONE RELEASE CHECKPOINTS

At the conclusion of Phase One, 10 BTC (maximum 50% of the BTC raised) will be released to The Leafy Cauldron Group. When the signed, dated, notarized Purchase of Sale Agreement for the property at 47 Convent St, Sydney Mines, NS is uploaded and set for public consumption through the Leafy Cauldron’s SCRIBD page, this will be satisfy the Checkpoint, allowing for the release of the final 10 BTC raised during Phase One.

Further evidence, established by publicly posting receipts and consultation notes for extraction and testing equipment, office hardware and furniture, display cabinets, renovation materials, etc. will also be posted via SCRIBD, and an aggregate value in purchases of 20% (or 2 BTC) of the whole amount raised during Phase One less the purchase price of the property must be shown to satisfy the final Checkpoint for this phase, allowing for release of Phase Two accrued funds according to checkpoint verification.

PHASE TWO

Phase Two of the PUFFS Genesis Sale will begin immediately following the conclusion of Phase One at 00:00 UTM on January 5, 2018. 500,000 PUFFS will be made available to Purchasers for a unit price of 0.00005000 BTC. One whole Bitcoin will be sufficient to purchase 20,000 PUFFS. The goal at Phase Two will be to raise 25.0 BTC, valued at time of final edit, December 18 2017: 25BTC = USD$469.000)

Phase Two will last for seven (7) days, beginning with the conclusion of Phase One at 00:00 UTM on JANUARY 5,2018, concluding at 00:00 UTM on JANUARY 12, 2018. PUFFS purchased during Phase Two will be released, upon receipt of Purchaser’s PUFFS wallet address, no later than JANUARY 29,2018.

The funds raised in BTC through the purchase of PUFFS in Phase Two will be released immediately, in whole, upon the conclusion of Phase Two to the principals of The Leafy Cauldron Apothecary, should the final conditions be met from Phase One Checkpoints (see above), and will be used to purchase and prepare the cryptocurrency architecture and merchant services for the PUFFScoin Project.

This will entail using BTC to purchase listings on at least four third-party cryptocurrency exchanges: Cryptopia, Livecoin, CoinExchange,YoBit, Binance and Coss; to purchase block explorer hosting; to purchase PUFFScoin implementation on multi-coin sites with a focus on merchant integration such as coinomi, coinexchange, changelly and shapeshift; as well as to cover the cost for outsourcing small portions of development such as the execution of a PUFFS Android and iOS wallet ensuring their readiness for public release.

We would also use these funds to cover the costs of a licensing a proprietary “white label” exchange solution. This exchange will feature PUFFS and BTC base trading pairs and representation for altcoins also involved with crypto-cannabis and socially conscious crytpocurrency projects. We will be accepting other crypto-cannabis currencies in store, based on an 8-hour average, but want to provide more support for the crypto-community as a whole as well. We have investigated many services which offer this and have decided upon Draglet, having reviewed as the most secure and user friendly.

Our plan is to make obtaining PUFFS by the public as simple as possible, as well as building enough representation across third-party exchanges to ensure arbitrage and liquidity of the currency beyond the control of the Leafy Cauldron Group. We call PUFFScoin a “dispensary-backed cryptocurrency”, but in the grand scheme of things, other than hosting and administering the Veterans Medical Cannabis Fund, we simply hope for the Leafy Cauldron to be a PARTICIPANT in the PUFFScoin economy, leading the way in services but simply one of many.

We will also, during this period, begin to contact other third party cryto-exchanges which do not have an instant buy-in feature. Candidate exchanges for this will be Bittrex, Bleutrade, Poloniex and a further focus on ensuring that PUFFScoin is well represented on Canadian Bitcoin and Altcoin exchanges.

PHASE TWO BUDGET (25 BTC)
(all costs related in CAD$)

Cost (est.) – Reason – TOTAL ASSUMED BUDGET: CAD $600.000
$ 12.000 (0.5 BTC) – Implementation with YoBit.com exchange (Exclusive listing, 2-3 business days)
$ 110.000 (5.0 BTC) – Implementation with Cryptopia exchange (purchased via 5.000.000 DOT through Paytopia)
$ 90.000 (4.0 BTC) – Implementation with Livecoin exchange
$ 45,000 (2.0 BTC) – Implementation with CoinExchange exchange
$ 75,000 (2.9 BTC) – Implementation with Coss exchange
$ 32,000 (1.5 BTC) – Implementation with Binance exchange (5000 votes)
$ 9.500 – Implementation with explorer/faucet on coinpayments.net multi-currency merchant provider.

$ 25.000 (1.0 BTC) – Sub-contracted Android wallet
$ 25.000 (1.0 BTC) – Sub-contracted iOS wallet
$ 75.000 – White-label exchange solution, likeliest Draglet Ultimate. Setup and full-year hosting.

$ 50.000 – Computer terminals, closet server set-up, .
$ 10.000 – Federal licensing for principals, legal costs.
$ 15.000 – Printers, photocopiers, fax machine,
$ 5.000 – Office supplies
$ 60.000 – Company vehicles (x4)
$540.000 SUB TOTAL

CHECKPOINTS: Phase Two checkpoints required for release of Phase Three funds will be confirmation of static implementation on at least one cryptocurrency exchange, as well as receipt for payment towards coinpayments.net and contract agreement for Android or iOS wallet. Receipt for 1 BTC aggregate value of computer equipment for The Leafy Cauldron Apothecary.

PHASE THREE

Phase Three of the PUFFS Genesis Sale will begin immediately following the conclusion of Phase Two at 00:00 UTM on JANUARY 12, 2018. 750,000 PUFFS will be made available to Purchasers for a unit price of 0.00007500 BTC. One whole Bitcoin will be sufficient to purchase 13,333 PUFFS. The goal at Phase Two will be to raise 56.25 BTC, valued at time of final edit, December 18 2017: 25BTC = USD$1,063,000)

Phase Three will last for fourteen (14) days, beginning with the conclusion of Phase Two at 00:00 UTM on JANUARY 12, 2018, concluding at 00:00 UTM on JANUARY 26,2018. PUFFS purchased during Phase Three will be released, upon receipt of Purchaser’s PUFFS wallet address, no later than JANUARY 29, 2018.

The funds raised in BTC through the purchase of PUFFS in Phase Three will be released immediately, in whole, upon the conclusion of Phase Three to the principals of The Leafy Cauldron Apothecary, should all conditions be met from Phase Two Checkpoints, and will be used to purchase stock and accessories for the Leafy Cauldron Apothecary including glassware, pipes, books, clothing, vapes, e-juice, etc.

Our goal is to stay current with trending cannabis clothing brands, and offer the latest in glassware , dab rigs, etc. We will work very hard to obtain as much in-store stock as possible from locally-sourced vendors, and have already begun talking with glassblowers and pipe makers to produce one-of-a-kind items for in-store, but the bulk of our accessories and clothing will be imported. Our supported product lines will favor sustainability and organically sourced material, especially in the clothing and accessories side. We will also be featuring local artists (painters, sculptors, local flavor) and craftspeople (jewellers, papermakers, textils, etc.) from Cape Breton in-store, with the desire to help sustain the local arts communities.

PHASE THREE BUDGET (56.2 BTC)
(all costs related in CAD$)

Cost (est.) – Reason – TOTAL ASSUMED BUDGET:CAD$1.400.000
$ 50.000 – (2.0 BTC) Wages for principals February 2018 (reference 4x 0.5 BTC payments)
$ 800.000 – Purchase of glassware, pipes, paraphernalia, books, incense, jewellery, other in-store stock.
$ 400.000 – Grow-op architecture, hydroponics needs, etc.

We will be using wholesalers such as:
books (alternative medicine, science) – Samuel Weiser, Anathema, Magus Books, Dempsey Distributing, etc.
rocks/crystals – Gemstone Factory, Stone Bridge Imports…
herbs, teas, incense, oils – Magical Blend, Starwest Botanicals, Soul Scents, Mountain Rose Herbs, etc.
hoodoo, curiosities – Lucky Mojo, Madame Talbot, Kheops International,
glassware, dab rigs, pipes, parts – Dankstop, Glassheads, Deja Vu,
tshirts, hemp clothing – Rasta Empire, Chiefton Supply, HigherShop
hats – Hempy’s, Surya, Rawganique, Gypsy Rose, Tilly Endurables, etc. –
vapes/ejuice – Lavaporz, KushBottles, MedePen, etc.
smoking accessories – Zone Utopia, SPS Wholesale, One Wholesale, marijuanapackaging.com, etc
“scene” brands – Helpsy, Stay Home Club, Jungmaven, Mowgli Surf, Bongjour, Captain Chronica, Mary Jane TShirt Co., etc.

CHECKPOINTS: Phase Three checkpoints for release of Phase Four funds will be publicly posted receipts for aggregate purchase orders equal to 20% (11.2 BTC) of funds raised in Phase Three for stock that will be made available for sale online and in-store.

PHASE FOUR

Phase Four of the PUFFS Genesis Sale will begin immediately following the conclusion of Phase Three at 00:00 UTM on JANUARY 26, 2018. 750,000 PUFFS will be made available to Purchasers for a unit price of 0.00010000 BTC. One whole Bitcoin will be sufficient to purchase 10,000 PUFFS. The goal at Phase Two will be to raise 75 BTC, valued at time of final edit, December 18, 2018: 75BTC=USD$1.425.000)

Phase Four will last for fourteen (14) days, beginning with the conclusion of Phase Three at 00:00 UTM on JANUARY 26, 2018, concluding at 00:00 UTM on FEBRUARY 9, 2018. PUFFS purchased during Phase Four will be released, upon receipt of Purchaser’s PUFFS wallet address, no later than February 4, 2018.

The funds raised in BTC through the purchase of PUFFS in Phase Four will be released immediately, in whole, upon the conclusion of Phase Four to the principals of The Leafy Cauldron Apothecary, should all conditions be met from Phase Three Checkpoints, and will be used to purchase stock in the form of dried flower, concentrates, oils, etc. that will form the initial supply for the dispensary opening. We will be purchasing from licensed producers, and will adhere to the strictest guidelines for consumer safety and potency.

PHASE FOUR BUDGET (75.0 BTC)
(all costs related in CAD$)

Cost (est.) – Reason – TOTAL ASSUMED BUDGET:CAD$1.825.000
$200.000 – Wages for principals March-June 2018 (reference monthly 4x 0.5 BTC payments- 4 months = 8 BTC)
$800.000 – Flower (approx 355.5 pounds at CAD$2250/pound)
$480.000 – Concentrates (shatter, budder, kief, hash, CBD oils etc.) i.e.: 1000 disposable vape pens ($60.000) 400 ounces various shatter/budder ($400.000). 50 ounces hash ($20.000). live resin….
$320.000 – Edibles, CBD. (various)
$ 42.500 (1.75 BTC) – escrow service payment

WHOLE BALANCE TO BE RAISED:
20+25+56+75 BTC = ~175 BTC
CAD$4.250.000

[iyah adrian]

So it can be said for the year 2017 Cryptocurrency jumped higher than the year 2016.
It is remarkable this year that cryptocurrency development is not in doubt

[Patatas]

Almighty knows how I landed here but the title was quite impressive that is [Private Unalterable Facilitated Financial System] with a fuckin Marijuana  leaf as your website's logo ? I mean I'm against weed or anything but that logo has no relation with your coin's concept. :/

©  2017 PuffsCoin. Built using WordPress and OnePage Express Theme.

^^ You promise us to change the world but you can't even design your own website without using a template ? How old are you boi ?

[SpacemanSpliff]

Almighty knows how I landed here but the title was quite impressive that is [Private Unalterable Facilitated Financial System] with a fuckin Marijuana  leaf as your website's logo ? I mean I'm against weed or anything but that logo has no relation with your coin's concept. :/

©  2017 PuffsCoin. Built using WordPress and OnePage Express Theme.

^^ You promise us to change the world but you can't even design your own website without using a template ? How old are you boi ?

the central purpose for PUFFScon is to act as the blockchain ledger for the medical cannabis retail dispensary and smoke shoppe. based on the PIVX core, and embracing MasterNodes, we will offer cryptocurrency services such as private (obfuscated) transactions, and we are committed to providing as many ease of access points for consumers to purchase, use and interact with PUFFScoin as we can. within this year, this will include a PUFFS-branded exchange with support for other crypto-cannabis entities and "socially conscious" altcoins. we believe that there is a place, beyond sheer mercantile idealism, for cryptocurrency to operate as a catalyst for change.  a cryptocurrency with purpose must have real-world utility as well as a viable investment tool for altcoin investors.

for us, that is to assist veterans who are currently unable to utilize their full prescription as Veterans Affairs Canada only reimburses up to three grams a day. i, myself, am a veteran. i suffer wartime-PTSD and epilepsy. i use medical cannabis to treat these conditions, although i do not receive reimbursement, im one of the many who fall through the administrative cracks at VAC. there a need that could be addressed through cryptocurrency, one that could potentially provide for every veteran and first responders (paramedics, firefighters, search-and-rescue personnel) in canada and we are already investigating the conceivability of working with American Veterans groups.

we have used WordPress because its simple and accepted as an industry standard for small projects. we simply didnt bother to pay for the privilege of having the WordPress copyright removed as many website developers do. Having a sparkly website is secondary to the ideals we are communicating through the website itself. We have scheduled 1 BTC in the Genesis Sale towards integration with coinpayments.net, which is the generally used merchant gateway presented for web development plug-ins, and will allow for PUFFScoin to be simply integrated into anyone's website. its not about showing how wikked kewl we are with web development, its about building the project the website is ABOUT that is important. if you are an accomplished web developer, drop me a PM and we can talk about how to improve the PUFFScoin website. we want to improve EVERYTHING as best as we can.

and.... just for the record, son; im 46 years young. Our chief grower and contractor is 55 years old, and our ceritified cannabis experts are both in their mid-20s. Ive worked on cryptocurrency development since 2014, and before that I worked as an archaeological surveyor for the oil companies in alberta. I served in the Canadian armed forces in the early 1990s and was a member of UN-PROFOR and the NATO mission to Bosnia. I was part of the recovery team that helped excavate and catalogue the mass graves at Ovcava and Srebernica, hence the PTSD. I have managed to handle my PTSD better than a lot, but one of my best friends from my time serving has days he cant go outside of his house for fear of the  landmines he fears are in his front lawn. His prescription is for 7 grams of cannabis a day. he gets what he can afford, what the federal government reimburses him for, but it isnt enough to keep him LEVEL and having a quality of life. i want to change that. for him and for the hundreds and thousands of other vets in the same position. and i know that cryptocurrency will provide the answer.

take a good long look at how we have this project set up, how it favours the investor against the developer in terms or reward distribution, and how we have ensured, through the creation of the Cauldron wallet and the staking developers reserves, a long term solution for enhanced MasterNode reward proportionality. i hope you have a look at our mission statements, and our roadmap for future development, to understand that we have plans to make this a very usable cryptocurrency and provide real world philanthropy that will change lives at the same time.

[monbux]

Step 1: Send the desired amount of BTC to our escrow wallet.

But there is no escrow that has agreed to hold onto your funds yet. You should remove this immediately.