THCCOINS IS REVOLUTIONIZING THE CANNABIS INDUSTRY
The Cannabis industry has traditionally been fragmented, untrustworthy, and illicit, but its now moving towards greater legitimacy. THCCoins will bridge the gap and connect the links in this industry with the power of blockchain based Smart contracts.
THCCOINS BLOCKCHAIN SOLUTIONS
From seed, to plant, to lab test, to dispensaries – all this data can be stored in Our Smart Contracts. This enables the final user to verify the legitimacy of their purchased goods from day one. Moreover, retailers will be able to verify doctors and prescriptions stored in the immutable ledgers.
THC Coin, our native token, will be issued as an ERC20 token on the Ethereum platform. This smart contract based token enables the core functions of THCCoins. As a consequence of THCCoins’s business model, the amount of tokens in free circulation will gradually decrease. Tokens used for community self-governing and for downvoting will be “burned”. In addition, half of the transaction fees will be burned. Moreover, tokens in circulation will gradually be channeled back to THCCoins as payment for our services and solutions.
A gradual reduction in circulating supply is part of THCCoins’s plan to encourage THC Coin price stability and growth, but above all, has potential for solid price development over time. This ensures a growth of THC purchasing power over time. While 1000 THC may pay for a month’s rent now, in the future, it might pay for a year’s rent.
THC Coin – THC | Based on: Ethereum
Valued at $1/each coins sold during the the initial contribution timeline is 30 days starting on January 15th, 2018.
Within the first 10 days, early participants will receive a 25% discount with a minimum $25k contribution – 5 million for sale. In the following 10 days, participants will receive a 15% discount with a minimum $15k contribution – 10 million for sale. In the remaining 10 days, a 10% discount will be given to participants with a minimum $10k contribution – 25 million for sale.
Our Token Crowdsale will run from the 15th of January 2018, and last 30 days, or until sold out. During the first 5 hours of the token crowdsale we will offer an early bird 5% discount, price will remain at $1 for the remaining of the first 24 hours and will increase $0.05 each 24 hours for 30 days or until all tokens are sold out.
minimum $25,000 contribution
5 million for sale
minimum $15,000 contribution
10 million for sale
minimum $10,000 contribution
25 million for sale
TOTAL TOKEN SUPPLY
STAGE 1 Crowdsale 50%
The initial token price will be set at $1 when it goes on sale on January 15, 2018. During the first 5 hours of the Token Crowdsale we will offer an early bird 5% discount, price will remain at $1 for the remaining of the first 24 hours and will increase $0.05 each 24 hours for 30 days or until all tokens sold.
STAGE 2 Crowdsale 25%
Stage 2 will happen no sooner than 2021, and all tokens will be sold at market price, not at a fixed $1 USD value.
The remaining 50,000,000 THC will be held in reserve as follows (important note: all percentage below will be adjusted in accordance with actual amount raised, e.g. if we sell 70M of 100M tokens, the following numbers will be multiplied by 0.7):
THCCoins Reserve Fund
The THCCoins Reserve Fund operates as part of our business model, ensuring a stable token with a bright future. It is in our best interests to ensure that the THC purchasing power grows over time and market manipulation is avoided.
Community Controlled Reserve
These special funds are held in reserve by the community to be awarded to the best startup ideas. Those who meet eligibility requirements for our accelerator and are upvoted by our community can be allocated funds.
CANNABIS IS A SCHEDULE I CONTROLLED SUBSTANCE UNDER THE FEDERAL CONTROLLED SUBSTANCE ACT, THE MANUFACTURE, SALE, POSSESSION, TRANSPORTATION, AND USE OF CANNABIS, INCLUDING THE AIDING AND ABETTING OF SAME. REMAINS FEDERALLY ILLEGAL, EVEN IN STATES THAT HAVE LEGALIZED MEDICINAL OR ADULT-USE CANNABIS. THE MOVEMENT AND STORAGE OF MONEY PERTAINING TO CANNABIS , EVEN IF NOT DIRECTLY RELATED TO THE ABOVE ENUMERATED ACTS, PRESENTS A FEDERAL RISK FOR THESE REASONS, IF FEDERAL LAWS IMPACTING CANNABIS WERE STRICTLY ENFORCED, THC COIN WOULD LIKELY BE UNABLE TO PROCEED WITH EXECUTING ITS BUSINESS PLAN, FURTHERMORE, STRICT ENFORCEMENT OF FEDERAL LAW MAY RESULT IN CRIMINAL PENALTIES, INCLUDING BUT NOT LIMITED TO MISDEMEANOR OR FELONY CHARGES,CRIMINAL INVESTIGATIONS, FINES, ASSET FORFEITURE AND IMPRISONMENT OF MANAGEMENT PERSONNEL, FOR VIOLATING SUCH LAWS. IN ADDITION IT IS STILL UNKNOWN THE POLICY THE NEW PRESIDENTIAL ADMINISTRATION WILL ADOPT WITH REGARD TO ENFORCEMENT OF FEDERAL LAW AGAINST COMPLIANT BUSINESSES OPERATING WITHIN ROBUST STATE PROGRAMS.
IN STATES WHERE CANNABIS HAS BEEN LEGALIZED FOR MEDICINAL OR ADULT USE, LOCAL AND STATE AUTHORITIES HAVING JURISDICTION MAINTAIN BROAD DISCRETION AND POWERS TO REGULATE AND IMPACT THE OPERATIONS OF CANNABIS COMPANIES. RECREATIONAL CANNABIS PRODUCTS AND OPERATIONS ARE GOVERNED UNDER NEW AND EVOLVING LAWS AND REGULATIONS. GIVEN THE EARLY STAGE OF LEGALIZATION IN MANY STATES, THE LOCAL AND STATE REGULATIONS IMPACTING THE CANNABIS INDUSTRY ARE CONTINUING TO DEVELOP AND ARE SUBJECT TO CHANGING INTERPRETATIONS, REGULATORY CHANGES AND DEVELOPMENTS MAY REQUIRE THC COIN TO INCUR SIGNIFICANT EXPENSES SUCH AS LEGAL REPRESENTATION COSTS AND MANDATORY COMPLIANCE FEES THAT MAY NECESSITATE THE COMPANY TO CHANGE ITS BUSINESS PLAN THE MANAGER CANNOT FORESEE THE IMPACT OF FUTURE REGULATIONS OR LAWS ON THE FUNDS BUSINESS PLAN, AND FUTURE REGULATIONS OR LAWS MAY THEREFORE LIMIT THE COMPANIES ABILITY TO EXECUTE ITS BUSINESS PLAN AND ACHIEVE ITS GOALS. AN INVESTMENT IN THE COMPANY INVOLVES SIGNIFICANT RISKS INCLUDING THE RISK OF LOSING A PORTION OF ALL YOUR INVESTMENT. THE RISK IS EVEN HIGHER FOR COMPANIES DEALING WITH RECREATIONAL CANNABIS PRODUCTS AND OPERATIONS. ONLY SOPHISTICATED INVESTORS THAT UNDERSTAND THESE RISKS AND ARE ABLE TO BEAR THEM SHOULD CONSIDER AN INVESTMENT IN THE COMPANY. THE COMPANY CANNOT GUARANTEE OR PROVIDE REPRESENTATION THAT IT WILL ACHIEVE ITS INVESTMENT GOALS OR PROVIDE A RETURN ON INVESTMENT TO ITS INVESTORS. ALL INVESTORS IN THE COMPANY MUST BE PREPARED TO LOSE ALL OR A PORTION OF THEIR INVESTMENT. FUTURE EARNINGS PROJECTIONS AND FINANCIAL ESTIMATES ARE INHERENTLY SPECULATIVE AND BASED ON A NUMBER OF VARIABLES, ESTIMATES AND JUDGMENTS ON MATERS, INCLUDING THOSE OVER WHICH THE COMPANY OR ITS MANAGERS WILL HAVE NOT CONTROL. STATEMENTS CONCERNING FUTURE PERFORMANCE, DEVELOPMENTS OR EVENTS, EXPECTATIONS FOR GROWTH AND INCOME FORECASTS, AND ANY OTHER GUIDANCE ON FUTURE PERIODS, CONSTITUTE FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO A NUMBER OF RISKS AND UNCERTAINTIES. ACTUAL RESULTS MAY DIFFER MATERIALLY FROM STATED EXPECTATIONS. THE COMPANY DISCLAIMS ANY OBLIGATION TO PROVIDE UPDATES TO ANY FORWARD-LOOKING STATEMENTS TO REFLECT FUTURE EVENTS OR DEVELOPMENTS. THE FOREGOING INFORMATION IS INTENDED TO PROVIDE A BRIEF SUMMARY OF THE MATERIAL RISKS ASSOCIATED WITH AN INVESTMENT IN THE COMPANY, BUT THIS SUMMARY SHOULD NOT BE CONSIDERED OR RELIED UPON AS A COMPREHENSIVE DESCRIPTION OF THE RISKS INVOLVED IN AN INVESTMENT IN THE COMPANY. AN INVESTMENT IN THE COMPANY IS HIGHLY SPECULATIVE AND INVOLVES SIGNIFICANT RISKS. YOU ARE STRONGLY ENCOURAGED TO SEEK YOUR OWN COUNSEL FOR GUIDANCE REGARDING TAX, FINANCIAL, AND LEGAL RISKS ASSOCIATED WITH AN INVESTMENT IN THE COMPANY. SEE ADDITIONAL RISK FACTORS IN THE COMPANIES PRIVATE PLACEMENT MEMORANDUM.