I think a floating exchange rate, rather than pegged, is the way to go For CANN / CANNdy g
What happens if/when growers in Canada, Europe and other places adopt CANN in a similar way?
Demand and prices in BTC could skyrocket.
I would look at.....
- initial (floating) exchange rate of 10 CANN = 1 gram CANNdy
Later, when CANN becomes more widely adopted, and demand increases significantly, the CANN/g could be reduced.
EG., 5 CANN/g, 2 CANN/g and eventually 1 CANN/g
This would have 2 advantages over pegged rate...
1... Cost in real terms could be stabilized
2....Early adopters/holders would see the increased demand reflected in increased value of CANN they already hold.
Edited to add....
The more I think about it... I think pegging the price is a bad idea.
Sure... In a closed system where CANNdy is the only product range available....
But not in a global market where CANNdy may be only one if many products, from many suppliers are the world, available.
I am happy to bet that a permanent pegged rate would be changed within one year when CannabisCoin begins to see adoption by 3rd party suppliers..
This! +1.
crypto is crypto, it has legs of it's own,
why tie it to any afk thing, whether it's gold, oil, urea, ganj? trust in the power of the people and let a gram of your best rise to it's own level
I have been mining and reading forums since the first day of the coin turning to x11 and this is my first post so would like to say GREAT WORK DEVS