Hey fellow Digital Nomads!
Today we are trying to dissect another altcoin - Cannation Coin
What is Cannation Coin ?
Cannation Coin is also known as the Cannation Project. The aim of this project is the legalization of the industrial use of cannabis. So the cultivation, marketing and consumption of marijuana in the United States of America.
Very quick overview of a project and a claim.
I really don't want to ramble about political views, right and wrongs of Cannabis.
Let's just look at what project is trying to achieve and current value of it.
Numbers behind project:
This digital currency has only been available since the beginning of 2017. At January 18, 2018 It was ranked 828th. The market capital was 558.38 K dollars, while the daily volume is $149,458.
What sparked this blog-post is that as of day of writing this 2018/02/16
Current Marketcap for this coin is 22 BTC.
That puts estimated value of overall project at around 220k$
Which baffles me to enormous extents still.
Let's simply judge by few factors that might impact Your decision when deciding on amazing future #moon projects.
Team, Technology, Development updates
So this is going to be a quick one.
Their website is raw html with few hardcoded .gifs in and wall of text with basic Bitcoin clone's specifications.
There is nothing about creators of this currency on their website. Only contact me form which sends an email to project's email I assume.
Only thing that I could find is Cannation's account and post on bitcointalk.org where they initially launched.
Ok, so this is a head of a project. Let's say that, since I couldn't find anything else about them.
Name: cannation
Posts: 58
Position: Jr. Member
Date Registered: April 12, 2017, 05:39:50 PM
Last Active: September 27, 2017, 09:25:04 PM
Let's just leave it at that.
and lets move on to technology.
nothing much to say, just 1 single commit for initial start of a project. No more development towards project within last 10 months.
Another fun fact I found interesting: This is old information from their initial ICO:
Total Raised to Date 0.68 BTC (VALUED at ~1350$)
Unique Investors 20
Start Date 2017-04-14
End Date 2017-04-21
ICO Information -
Unsold Coins burned by exchange.
In my opinion this is really a dead project, so be careful while investing Your money guys!
Always do your own research! Treat this as a different perspective or start of discussion.
I really do hope that You found this article helpful or interesting in some ways.
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