[ANN]🔥[ICO] BitCanna [Cannabis Blockchain Powered by the Industry] bitcanna.io

[mshiwank]

Here in my country, it would definitely take some time to legalize it. Legalization will happen when people and local authorities understand the value of it within medicines. It's actually needed to save people not the other way. I hope authorities accept it and Exchanges may soon accept Bitcanna.

[steven.rogers.091]

I aint a pro or contra person towards cannabis. However, after seeing a lot of documentaries I do believe the war on drugs is going insane. Platforms like this could make an end towards all the illegal issues surrounding cannabis. 

[crypfreak1101]

Will you enforce supplying from local growers or you will set up a country-wide supply chain for cannabis??

[bountymaster18]

In countries where it's legal to sell cannabis, does the seller have to provide you with all the information about the product?

[arnab_ray]

Will you enforce supplying from local growers or you will set up a country-wide supply chain for cannabis??

how do you plan to align local suppliers with this advanced technology?

[KeithHopkin]

Will you enforce supplying from local growers or you will set up a country-wide supply chain for cannabis??

We will deliver a platform for cannabis related businesses to manage their supply chains. We do not enforce local growers, whoever wants to use the platform is free to do so. We do encourage using supply chain through blockchain technology, for the sake of transparency.

[KeithHopkin]

In countries where it's legal to sell cannabis, does the seller have to provide you with all the information about the product?

It's not required, but we do encourage to provide product information because currently there is no good source available to verify the information that is being provided by retailers/wholesale/growers. This will benefit the industry and improve it's image of being "shady".

[KeithHopkin]

Will you enforce supplying from local growers or you will set up a country-wide supply chain for cannabis??

how do you plan to align local suppliers with this advanced technology?

We believe that the technology will sell itself. We are talking about a technical revolution and innovation. It's a local supplier's own choice, but to stay competitive you simply can't stay behind. Wouldn't you rather buy a product that has all of it's checks, creation date and origin verified through blockchain technology?

[pardep]

How BitCanna is different from others.

[Marekjones97]

Which type of security do you provide.

[KeithHopkin]

How BitCanna is different from others?

If you mean different from cannabis related cryptocurrencies;

Current existing cannabis tokens like Potcoin, Hempcoin and Paragon are completely focused on the US/Canadian market. The reason for this is because cannabis regulation is a hot topic in NA, and investing in the cannabis industry is on every investors' to do list. We believe our solution is the solution that tackles the biggest problems that the cannabis industry is facing right now.

[kinum]

ICO Analysis: BitCanna
Published on September 22, 2018
By Joshua Larson
Proof: https://hacked.com/ico-analysis-bitcanna/

Team
This is one of the largest teams reviewed. There are 19 members listed in the whitepaper, most from the Netherlands, but then they have 13 blockchain engineer/developers living in Ukraine.
Boy Ramsaha i- Founder. Popular guy in the Euro Cannabis culture. Organized several international fairs around the world. 1991, founded High Life and Soft Secrets, 2 popular Cannabis magazines. Founder of Royal Queen Seeds, one of the biggest cannabis seed banks in the world, with 7 brand stores. Also owns a CBD lab in Switzerland. Has over “250 people on the payroll” of his different companies.
Jan Scheele – CEO. Has spent 7 years as Partner/Director at Strabico, an event services company with 2-10 employees, in Amsterdam. 17 years as Director at Caesus, a web development site with 11-50 employees. TedTalk Netherlands host.
Jack Janssen – CFO.  Current Business Controller at 4 different companies. Royal Queen Seeds, cannabis seed/oil producing company. Yuqo (30 employees), Cibdol AG (8 employees), and International Blockchain Solutions (parent company of BitCanna?)
Paulo Ramos (CTO), Is the leader of the development team.
Four law advisors round out the team.
There isn’t too much hype around this yet, but it’s still very early. They have a lot of business and media partnerships

Verdict
In order to get this project running, the team decided to create a network of allies/partners called BitCanna Alliance.
BitCanna Alliance is a strategic initiative formed by leaders in the European cannabis industry. It’s currently made up of some of the most prominent seed banks and cannabis dispensary firms in Europe, serving more than 10 million unique visitors every month. There are over 20 businesses already signed on including some big players; Cibdol (a leading online CBD shop),  Zamnesia (biggest online smart and seed shop in Europe), and Royal Queen Seeds (one of the biggest global seed brands.)

Risks
    The 20 team members listed in their whitepaper lack blockchain experience. However, supposedly they have a team of 13 senior developers working constantly on the project in Ukraine. “They choose to remain anonymous for their own respective reasons.” -1
    There’s going to be a 10% inflation rate, which will over time work its way down to 0%, but is simply too much. -2
    It won’t be fully developed until Q2 2021. If the token price crashes, which it just might because of 10% inflation, they will run out of funds. -1.5
    If Cannabis gets legalized throughout the entire EU, this coin could lose its purpose. -1
    No MVP, and their GitHub is not very active at all. -1
    As you can see below, it isn’t exactly hard to get into the BitCanna Alliance. And it comes with only benefits to any business that signs up. It’s not like a binding long-term commitment or anything. -1

Growth Potential
    The BitCanna alliance is impressive. Denmark’s Leading Online Grow Shop, leading euro CBD shop, etc.. +3
    Huge, exploding billion dollar industry, and everyone wants a piece. +4
    To protect the privacy of consumers, they will develop BitCanna ID where once your id is established, it will be encrypted and hashed, giving customers and sellers identity without having to give out any personal info. +2
    The BitCanna Alliance are currently in Europe. The goal is to expand to the US market and even worldwide once a solid foundation has been built. +2
    Passive income: Masternodes and proof of stake offer large rewards, starting out at 10% inflation.+2
    They are being advised by 4 separate lawyers. +1

Disposition
The cannabis blockchain competition is not very tough yet. If BitCanna has a successful ICO and mainnet launch, they will probably be the best canna crypto on the market. However, the 30% discount for getting in 8 months early is most definitely not worth the risk. If interested, check on them sometime June 2019. 5.5/10

Investment Details
   Symbol: BCNA
    Blockchain: BitCanna
    Total Supply: 651 million
    Initial Supply: 420 million
    Available for Sale: 252 million
    Hardcap: $20 million
    Softcap: $3 million
   Presale: Nov 1st – Nov 14th ($0.09 per BCNA)
    Public Sale: Nov 15th- July 1, 2019 ($0.12 per BCNA)

[bountymaster18]

In countries where it's legal to sell cannabis, does the seller have to provide you with all the information about the product?

It's not required, but we do encourage to provide product information because currently there is no good source available to verify the information that is being provided by retailers/wholesale/growers. This will benefit the industry and improve it's image of being "shady".

Sounds promising.  Thanks

Whom do you consider to be your main competitor?

[steven.rogers.091]

Hey? When is the bounty on? 

[KeithHopkin]

In countries where it's legal to sell cannabis, does the seller have to provide you with all the information about the product?

It's not required, but we do encourage to provide product information because currently there is no good source available to verify the information that is being provided by retailers/wholesale/growers. This will benefit the industry and improve it's image of being "shady".

Sounds promising.  Thanks

Whom do you consider to be your main competitor?

All our competitors currently focus solely on the North American market. We see competition in PotCoin, HempCoin and Budbo. However, we believe that through our experience and network in the industry, we will be able to acquire the mass-adoption required to make our project succeed.

[KeithHopkin]

Hey? When is the bounty on? 

Hey! Bounty is currently live Please check https://www.bitcanna.io/bounty/ for more information!

[crypfreak1101]

Hey? When is the bounty on? 

Hey! Bounty is currently live Please check https://www.bitcanna.io/bounty/ for more information!

Finally, Thank YOu 

[advisor_moon]

Don't you think Hyperledger fabric would have been a better Blockchain to integrate your supply chain ?

[arnab_ray]

Will you enforce supplying from local growers or you will set up a country-wide supply chain for cannabis??

how do you plan to align local suppliers with this advanced technology?

We believe that the technology will sell itself. We are talking about a technical revolution and innovation. It's a local supplier's own choice, but to stay competitive you simply can't stay behind. Wouldn't you rather buy a product that has all of it's checks, creation date and origin verified through blockchain technology?

Yes you are right but then it is undeniable that local suppliers need to be educated about this for your own benefits. Do you plan to create a lucid knowledge sharing platform where suppliers can better understand this and actually give a thought to embrace this technology?

[Marekjones97]

Have you any merchant company?