Paragon seeks to pull the cannabis community from marginalized to mainstream by building blockchain into every step of the cannabis industry and by working toward full legalization. Our strength lies in the unique blockchain/cannabis connection that uses smart contracts.
The initial token price will be set at $1 when it goes on sale on September 15. 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.
We believe in blockchain, and we believe in the benefits of cannabis. More uses of cannabis are coming to light, and we want to accelerate that process. We believe cannabis is good for individuals and good for countries. We are passionate about moving forward in an ethical, morally responsible, and legal way.
COLLABORATION WITH IOTA
For Data Integrity and distribution we will utilize IOTA which has no scaling limitations on transactions. Through IOTA’s next generation distributed ledger ‘Tangle’ which consists of a pure Directed Acyclic Graph (DAG) instead of a sequential chain of blocks ParagonCoin will be able to transmit and secure all kinds of data in a tamper proof fashion for free.
Via IOTA we can build an entire end-to-end verifiable audit trail of all the data and information pertaining to the cannabis produce for free at a fine granular level in real time, ensuring full transparency of provenance and meta information such as whether the cannabis is organically grown, exact amounts of pesticides/herbicides used, eco friendly certifications, THC/ CBD ratio etc.
Having a complete data audit trail with cryptographically ensured integrity of every aspect from production to consumption will be a game changer in enabling a thriving and sensible cannabis industry.In the future ParagonCoin will also explore utilizing the unique approach that the IOTA platform takes to ‘oracles’, identity and other parts of its development roadmap.
Why did we choose the name of Paragon? Because Paragon means “exceptional” and that is what we aspire to be:
We support vital causes
Improved health, reduced criminalization of good people,and the freedom to make our own choices.
We support the blockchain community
We will try to use as much PRG tokens and as little fiat currencies as possible while implementing our ideas.
We are standardizing and unifying a fragmented industry
We will build blockchain smart contract solutions for many of the industry’s weaknesses. The industry needs help with lab testing, supply chain, ID verification, compliance, etc. All these respond well to smart contracts.
We seek to create a physical ecosystem for cannabis and the new cryptocoin.
Our office workspace opens up a critical place for cannabis companies to work and thrive.
We are transparent
Funds will be escrowed and our books will be audited by reputable companies, such as Deloitte, Grant Thornton, or other well-recognized, international accounting firms experienced with the nascent blockchain industry.
The platform is open-source
It can be used by anyone to build their own cannabis smart contract or blockchain application, create their own token crowdsale, promote their specific cause, etc.
We are responsible
We limit our own benefits, putting the cause first. This is our passion. We are committed to the legalization efforts and the community.
We give our members a voice
Pitch your ideas, help others, get funded, support other ideas, and decide our future through a voting system.
We are groundbreaking
We will take advantage of the media’s interest in the hot topics of cannabis and cryptocurrencies. We benefit from being a community led by a female entrepreneur and we are the only strong global movement for cannabis
utilizing the emerging smart contract/blockchain technology.
Paragon’s passion, committed community, strong technology, and experienced leadership make this cryptocurrency the natural choice for the cannabis industry.