- Cannabis Seed Token
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Cannabis Seed Token
Cannabis Seed Token:
CANA tokens will be redeemable tokens. These tokens will be redeemed at a ratio of 1:1 for a cannabis seed.
Cannabis Seed Tokens are launching their ICO from the United Kingdom with a plan to expand into Spain post ICO for production.
The company behind CANA seeds plan on launching into the global markets and are currently registering in the UK as a limited company (application currently pending), selling their cannabis seeds as well as keeping a seed stockpile for token redemption.
They plan on having a stockpile of 12 million cannabis seeds. This is the total number of tokens they have minted. They expect this process of stock piling to take 5 years, thereby having the facility to redeem all tokens in circulation.
They plan on opening the redemption process after their first grow cycle. One grow cycle is approximately 3 to 6 months.
The seed selection process for the token redemption is primarily going to be through official opinion polls, targeting the crypto and cannabis community.
Once the token has been exchanged for a cannabis seed, that token will enter the company wallet.
The company may trade the CANA token back onto the market depending on the current seed vault reserves.
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