A speculative coin is necessary in order to raise the funds to establish the platform we envision.

Stable coins are currently not the solution, for example Tether. To issue one dollar’s worth of Tether to you or me, the platform must attract one dollar of investment capital from you or me, and place it in a dollar bank account. One of us then will have traded a perfectly liquid dollar, supported by the full faith and credit of the US government. This exchange may be attractive to money launderers and tax evaders, but not to others. In other words, it is not obvious that the model will scale, or that governments will let it.

We aim to solve the 'shady' image of the cannabis industry and we do not believe that a stable coin will contribute to this vision.