Re: [ANN] CannabisCoin [CANN][X11][Official][420] Developments & Discussions.
I have thought about this quite a lot, I still think 10 CANN/g is the best peg in the current crypto economy. 1 CANN I think will be too ambitious, it won't be able to hit nor sustain parity and all the scam accusations will come flying.
10 CANN/g put the current coin count under $100m market cap, which can be sustainable. The simple fact is the crypto sphere is not large enough yet, let alone the altcoin sphere, let alone the altcoin sphere interested in Cannabis to sustain anything over $100M cap due to miner dumps. Logic would dictate that if it was "valued" at ~$15 per cann people wouldn't sell for much less, miners will. There needs to be enough people buying PER DAY to counteract miners and traders selling for a profit, and there isn't enough money in altcoins to do so. The ambitious nature of 1 CANN/g might bring more customers in obviously, I still don't think it will be enough.
For those wanting a profit from holding, 10 CANN/g is still 100x roughly from here, and about 5000x from the starting price.
Voting for 10 CANN/g, just saying
10 CANN/g put the current coin count under $100m market cap, which can be sustainable. The simple fact is the crypto sphere is not large enough yet, let alone the altcoin sphere, let alone the altcoin sphere interested in Cannabis to sustain anything over $100M cap due to miner dumps. Logic would dictate that if it was "valued" at ~$15 per cann people wouldn't sell for much less, miners will. There needs to be enough people buying PER DAY to counteract miners and traders selling for a profit, and there isn't enough money in altcoins to do so. The ambitious nature of 1 CANN/g might bring more customers in obviously, I still don't think it will be enough.
For those wanting a profit from holding, 10 CANN/g is still 100x roughly from here, and about 5000x from the starting price.
Voting for 10 CANN/g, just saying
CANN is already approaching $500k market cap and it is still in very early stages,Due to he fact that people will be able to use CANN to purchase just about anything from the dispensaries not just Cannabis itself plus the fact that the Dev team are reaching out to other states to adopt CANN 1cann/g sounds very doable not to mention if it gets adopted by other countries as well all in good time
My 2 CANNS
As the Devs said and i totally agree ..CANN is limitless