GanjaCoin Review

in review •  7 years ago 

GanjaCoin is a masternodable proof of stake coin that provides a method of digital payment in the developing industry of marijuana.

Summary
I personally helped write the white paper for this coin as I believe it has a lot of potential going into the future. Currently, on only two exchanges, it ranges from 2000-3000 satoshis, which greatly undervalued for a marijuana coin with a supply of only 42 million. Whats most unique about this coin is that it is back by feminized seeds. On the GanjaCoin website, you can actually exchange GanjaCoin for feminized seeds that you can plant. The developer is also planning to eventually open a dispensary where each gram of Marijuana costs one GanjaCoin.

Pros:
The developer is extremely active and highly responsive to any questions and the community surrounding the coin is very knowledgeable. My favorite part of this coin is that its masternodable. It brings stability to the network and is a lot more energy efficient than mining (proof of work). The transactions are lighting fast. Someone will send MRJA and it will instantly appear it your wallet. The rewards for staking are also 25% in comparison to other marijuana coins that cap out at 5%. The developer is also always pushing the coin forward and developing the project in whatever way that he can. The goals he sets are straightforward and achievable. The fees are also extremely low, making it very appealing for dispensaries to use.

Cons:
The most glaring issue with this coin is that it isn't on enough exchanges! Being on only two exchanges, it is difficult to purchase it as the volume isn't large enough to always purchase MRJA in large amounts. It used to be on Coinmarketcap, but the data for the exchanges went rogue and CMC hasn't updated it since, lower its visibility. MRJA also lacks a mobile wallet which makes it hard to make purchases at dispensaries. The developer is planning to make the wallet in quarter three of 2018 which would allow the coin to be used at dispensaries. Another slight issue is the confirmation time. Although transaction speeds for this coin are amazing, conformation times can be slow. In the future, when there are more master nodes on the network, this problem should be nonexistent.

Overall:
If you have an interest in this coin you should act on it, I personally think it is a sleeping giant. All this coin needs is a few more exchanges, more volume, and it will take off. Once Coinmarketcap lists it once again the coin can start gaining traction and moving up in price to what it should be.

Discord:
https://discord.gg/EkQWnfQ

Website:
https://www.ganjacoinpro.com/

White paper:
https://ganjacoinpro.com/downloads/whitepaper.pdf

Donate:

TGAO:
iHbhpYzgoZR11tiFJEvFMFDzA43T2xCeKe

MRJA:
iBpXW7ZAhMvSq7Zxp8PbGTKTXAAxo7kVB4

Linda:
LNeP5at2JNjaG1M1dGkLvVhAn4HXnoYvvK

LTC:
LaMKD5byf8sh2s2APrPfkHxJUHAjbPRCxP

BTC:
195euy7KKcBirt9emaQrry4h8GdxevgAX5

NMS:
9jUttaAj6tAZuaRBeuEPuTFigZ15njWhSw

XVG:
DTY75P3oFWHYLNBSHDjBp9D2exccbfFCZx

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Coins mentioned in post:

CoinPrice (USD)📉 24h📉 7d
BTCBitcoin8314.550$-9.99%-27.53%
LINDALinda0.002$-18.45%-43.4%
LTCLitecoin151.468$-10.94%-18.12%
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