Post
Topic
Board Announcements (Altcoins)
Re: [ANN] CannabisCoin [CANN][X11][Official][2] Developments & Discussions
by
Crypto Docs
on 19/04/2015, 01:19:02 UTC

From an asset backed standpoint there would have to be over 200,000 lbs of CANNdy at all times. 
1 CANN = 1 gram of CANNdy
92,000,000 CANN = 92,000,000 grams of CANNdy = 205357 lbs. of CANNDY

From a reality standpoint at the most, if every dispensary in Arizona and Colorado accepted CANN there would still be less than 10% of the coins being used.
9200000 (10%) = 2054 lbs available for all facilities 30 dispensaries = 68.5lbs in each 

1 Cann = $10

2054lbs = 920192 grams

$9201920 = 41827 (BTC = $220) = 0.00045460sats with 92,000,000 coins in circulation

The less coins on the market for trade the higher the price.