The PerksCoin token, PCT in short, is a utility token available for use within the multi-level transaction platform developed by CannaSOS. PerksCoin token is not a security token, as it is not backed by any hard assets. PerksCoin tokens are set to run on decentralized blockchain technology, ensuring transparency and security of all financial transactions. Since 2016, CannaSOS has been experimenting with PerksCoin reward points.
These points have monetary value only within the CannaSOS network. The points can be converted into fiat currency (USD, CAD, EUR, GBP) via CannaSOS Wallet.
Additionally, the PRC reward points can be used to pay for such CannaSOS services as advertising, business memberships, sponsored articles, as well as for goods and services with participating businesses within the CannaSOS network. The PRC reward points can be purchased from CannaSOS directly or earned for engagement on the site. The experiment with PRC reward points proved to be very successful. The PRC reward points acquired by registered CannaSOS members will be converted into PCT utility tokens upon completion and successful launch of PTP based transaction system. To achieve the conversion, a PerksCoin Transaction Platform, PTP in short, needs to be developed and implemented. PTP is set to run on decentralized blockchain technology, connecting the existing CannaSOS Wallet with the cryptocurrency Wallet.
In addition, the PCT Transaction Platform (PTP) will allow for PerksCoin tokens to be implemented into a POS system, and online transaction terminals, using NFC and QR code technology. Such integration will allow mainstream users to use PCT tokens at any merchant station. PTP subscribers will be able to use PCT tokens as a transaction medium to purchase canna products and services, benefiting from enhanced security and arbitration mechanisms. PCT tokens can be acquired by purchasing, earning, trading, and participating in loyalty programs. Individuals will have an option to purchase PCT tokens via (a) trading on the cryptocurrency exchange, (b) directly from holders of PCT tokens, (c) directly from CannaSOS via CannaSOS Wallet, and (d) during Presale and Crowdsale events.
Furthermore, users can earn PCT tokens by active participation on the site utilizing CannaSOS contribution system. Simply through social engagement on the platform and posting of high quality content, users can earn contribution points awarded by peers. The contribution points can further be exchanged to PCT reward points, which will be converted to PCT utility token using CannaSOS cryptocurrency Wallet. The contribution points can be collected within the CannaSOS ecosystem as well as through partnering networks. This will expand the PCT token usability, providing limitless economic possibilities for all parties involved. Moreover, PCT tokens can be acquired through online trading and/or peer-to-peer auctions. Businesses subscribing to PCT Transaction Platform (PTP) can utilize PCT token as transaction medium for trade and acquisition of goods and services. Lastly, users can obtain PCT tokens by participating in loyalty programs offered by merchants. The collected tokens can be exchanged for advertising, goods and services.