Cannabis Cryptocurrency Review: DopeCoin (DOPE)

DopeCoin is the world’s first decentralized, cannabis-themed digital asset providing a cryptocurrency payment and banking solution for the legal marijuana industry. Similar to POTcoin, Dopecoin bills itself as a secure, scalable, cost-saving financial infrastructure for cannabis businesses based on a proof-of-stake network paying 5% annual interest.

In 2015 DopeCoin started the GROW network, which allows Canadian cannabis growers to peg their cannabis plants to DopeCoin. An ultra-secure vault combined with stock/asset certificates will allow DopeCoin users to verify the existence of actual cannabis backing their investment.

It does not appear that you can actually buy any cannabis with DopeCoin yet but having a valuation system in place could be useful in helping the team scale the network for wholesale and retail transactions once legalization spreads. Their website doesn’t look quite as fancy as some of the others but like I mentioned in the previous article, the haphazard nature of legalizing cannabis by state creates plenty of space for multiple currencies to step in and serve multiple markets with payment processing and banking services.

DopeCoin hit an all-time-high around $0.05 recently before plummeting in the recent correction to around $0.02.

This is the second in a five part series on cannabis-themed cryptocurrencies. Stay tuned tomorrow when we’ll be talking about HempCoin!

========================================

😃Thanks for reading Perpetual Growth Crypto😃

Please Follow and Upvote if you enjoyed this article. Sharing information is how we build value together and I’m extremely grateful to be a part of the crypto community!

New to crypto? Here are some useful links.

Use Coinbase to buy and sell BTC, ETH, and LTC using my referral link and we both get $10 when you buy your first $100 in coin!

Coinbase alternative: Try Changely

Wallet: https://www.exodus.io/

Price Information: https://coinmarketcap.com/ or http://www.coincap.io/

========================================

Your donations are greatly appreciated! Most donations go to promotion and site maintenance for www.perpetualgrowthcrypto.com to help spread useful information about cryptocurrency.

Bitcoin: 17KjLN1SLrWVHcuz1sih6hU2nLTECJvwpT
Ether: 0x16360998526cead5cb6804ff4fc4798593f4a98d
Litecoin: LdTP9gzG9SmnyHo9GPzhZ4dG6jfqjKSk3D
Dash: XnEe4Jx8xAXBm76fuKBXKxUsMLavPzBkNm
Golem: 0x16360998526cead5cb6804ff4fc4798593f4a98d

This is not intended for and should not be construed as financial advice. Do your own research before investing and never risk more than you can lose!



SOURCE

LEAVE A REPLY

Please enter your comment!
Please enter your name here