BitCanna will provide a decentralized payment network, Supply chain and Trust network for the legal cannabis industry. Our confirmed partnerships have millions of customers that have immediate access to the product! This means that you can use BitCanna to pay at hundreds of (online) stores starting in 2019.
Developed for the industry by the industry, BitCanna will enable easy instant payments. BitCanna will be accepted by all major players in the cannabis industry.
In the future, the BitCanna platform will be used as a supply chain solution to enhance product safety, giving you more information about where your product is actually coming from. Finally, in addition to the transparent supply chain the BitCanna ID solution will also offer trust and review options.
BitCanna has been created to solve the current problems facing the cannabis industry. It is an initiative formed from a strategic alliance of leaders in the European cannabis industry, hereby called the Bitcanna Alliance. This network contains the most prominent seed banks and cannabis dispensary firms in Europe, serving more than 10.000.000 unique visitors every month. With their shared interest they are committed to providing the best solution to address these challenges, and with their combined expertise they are capable of doing so.
The global cannabis industry has been inhibited by regulatory restrictions for most of recent history, but the legal market has emerged rapidly as more governments legalize medical and recreational use. In Europe, using/selling small amounts of cannabis is not legal but tolerated in Spain, The Netherlands, and Switzerland. Due to the ‘shady’ image of the business, most banks, credit card companies, and payment providers won’t handle the money generated by the cannabis industry, even in places where it is completely legal. This leads to inefficient solutions such as cash transactions, which only add to the shady image of the industry. To address this problem, BitCanna will provide a decentralized payment network for the legal cannabis industry, by means of the BitCanna Coin (BCNA). Customers can use the BCNA to make purchases in both online and brick & mortar dispensaries, solving the current payment problems for the industry.
There are already some cannabis-focused coins available on the global marketplace.
BitCanna however, is unique in their strategy to get the cannabis industry out of the shade: 1. BitCanna has the intention to solve the current paradox in the market. By implementing supply chain management and identity control functionality, BitCanna aides legislators in creating a healthy and transparent cannabis market. 2. Mass adoption is the main challenge facing the cannabis coins currently being offered in the market — a challenge that will be much easier for BitCanna to overcome. The organization behind BitCanna already has a network in place of over 10 million unique visitors per month and hundreds of partner organizations (cannabis purchase points, both online and offline, and cannabis-related media channels). Mobilizing, enabling and incentivizing this network will lead to the fast adoption of BCNA.
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Ph.D. | CEO | FinTech in Stocks | Blockchain in Cryptos | Author of Amazon Best Sellers in Online Trading Rated on Sep 26, 2018 Modified on Oct 19, 2018
4
3
4
23%
KYC was conducted on key members in the team but failed! This is a serious flag.
Will be willing to review this rating again if the team responds.
Good luck.
~~~~~~~~~~~
Jan Scheele Passed
Sardjoepersad (Boy) Ramsahai Passed
Thank you for completing the KYC!
All four advisors are from legal background.
Will be good if the team expands the Advisory Board with wider coverage of talents to make this project successful.
Managing Partner, Usetech.com Rated on Sep 14, 2018 Modified on Sep 14, 2018
4
4
3
14%
Very ambitious project, too ambitious actually. Own blockchain, payment solution, supply chain solution, rating, identity - you name it... That is not good since it's million times harder to execute. If they would choose one and then take on the rest if the first step is successful, it would be much less risky. They do know their market and have partnership relationships, which is very positive.
Lukas van der ZeeICO team member replied on 19 Oct 2018
Hi Alexander,
Firstly, thank you for your review!
I just want to clarify that we do not plan to implement all three phases at once. Our payment solution can be used starting in July 2019 (when the ICO has ended). We will relase our MVP of the payment solution in December of this year.
Our supply chain solution is scheduled for the second half of 2020, and our trust and reputation phase somewhere in 2021.
ICO - STO - DAICO Advisor, Investor Relations, Public Speaker Rated on Feb 26, 2019
5
5
3
14%
Excellent project with a vision that can prove successful if put into practice with attention to detail and commitment from the team. The sector in which they are trying to launch is a rather particular one, full of centralized competitors and now also decentralized, but also illegal, so it will not be easy, but the project has all the credentials to be successful.
Team wide and well composed, even if I could not find the Blockchain developer, while the advisors are only legal. Despite this there is a good activity on github, have been working for months on the product and are building their own Blockchain. They use the PHI1612 as a consensus algorithm, which is a hybrid algorithm, working with PoW and PoS, but they have decided to implement only the PoS, based on the Btc, Dash and Lux networks with their own code. They are working in C++ which is a fairly complex language, so despite not having publicly found the Blockchcain developer, below, the work is done.
Social and communication channels held very well, updated and with a consistent and active community. The telegram channel is also "rich" in community and with a good and punctual service from the administrators. The website and the whitepaper made with accuracy and pleasant to see / read, detailed and treated in detail. For a project like this the best option is being open source and with own chain, so I fully support the team's choice to develop its own ecosystem. The distribution and use of funds are balanced and well distributed, but I have not seen any reserve fund, every company needs a reserve fund, be it Blockchain or not.
The business plan is clear and mass adoption will not fail if the team meets the necessary parameters. In addition, the token, thanks to the Pos, has a well-defined sense and helps the ecosystem to stand up, turning everything around it. Unfortunately there is still no MVP available and the Blockchain (according to the team members) is under development, but the testnet is not online yet. This explains my partial 3 to the product, but I will follow the trend in the coming weeks and as soon as the testnet is released I will try it and based on the operations I'll review the rating.
All in all, a great project, which only needs some touch and small improvements, but the way is the right one (in fact they have already reached the Softcap).
Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.
Ratings and ICO analyzer results are being updated (re-calculated) every few hours.
Start private sale;
Start public sale;
A pre-marketing campaign, approaching 10.000.000+ monthly visitors from partners.
9
Q1 2019
Continuous; expanding the BitCanna Alliance;
Testnet live- Alpha version;
BitCanna presents itself at multiple major conferences.
10
Q2 2019
BitCanna presents itself at multiple major conferences;
Launch world-wide marketing campaign;
End of the public sale.
11
Q3 2019
Launch mainnet BitCanna v1.0;
Coin distribution;
Launch Lite Wallet, Node Wallet;
Launch BitCanna Business v1.0 (basic version containing online payment plugins).
12
Q4 2019
Launch BitCanna Mobile v1.0 (basic version containing the Mobile Wallet);
All webshops within the BitCanna Alliance will start accepting BCNA coins immediately after ICO;
Update BitCanna Business v1.0;
Integration of hardware point-of-sale payment solution.
13
Q1 2020
Update BitCanna Mobile with additional functionalities:
BitCanna Maps;
Database of cannabis dispensaries and strains.
14
Q2 2020
Update BitCanna Mobile with additional functionalities:
Integration of the advertisement platform. Allows for direct advertising to customers based on geolocation.
15
Q3 2020
BitCanna v2.0 goes live. Integration with supply chain layer;
Launch of BitCanna Business v2.0;
Integration of supply chain monitoring which allows businesses to manage and audit their inventories.
16
Q4 2020
Launch BitCanna Mobile v2.0;
Integrate supply chain monitoring which allows customers to scan products, and find information like origin and quality of their desired products.
