A Good Bet on a “rather new” Marijuana Cryptocurrency?
— Of all marijuana cryptocurrencies, Tokes is one of the few that’s doing rather well. Compared to the other cannabis related coins, Tokes is looking as though it ranks supreme. —
Here are lists of the most common marijuana cryptocurrencies.
ATTN: Some may not currently be available on most digital asset exchanges.
What’s Special with Tokes?
The head honchos over at Tokes are addressing a problem that has to do with banking. Most banks and credit unions will not take in US dollar currency because marijuana is illegal on a federal level. Banks will not take in funds that are associated with an illegal product. Make sense? That’s where Tokes wants to step in.
Wait a minute, these guys don’t want to stop there. They have other plans going on in their heads. Such as developing a Medical Marijuana Enterprise (MME) and rule over the medical marijuana market. I mean, might as well…right?
An interesting aspect that caught my attention is that Tokes wants to lobby politically on behalf of Tokes non-profit section of the business for the marijuana industry. They feel they can enhance the quality of products by becoming as transparent as possible. This includes working with communities to learn more about marijuana and make aware of how socially acceptable it has become.
Still Doing the Research
I’m still doing my research on Tokes and the platform that they have running. Tokes is now worth $0.137914 at the time I’m writing this article. It’s worth way more than PotCoin, HempCoin, Paragon, DopeCoin, and Cannabis Coin added together.
I’ve been thinking.
Once again it has to do with the whole “best-use-case” scenario I’ve been bringing up in previous articles. Former President Bill Clinton is an XRP investor. He recognizes that XRP is the greatest digital asset ever created. That’s because XRP has a pretty good best-use-case and that, my friends, is speed. Bill Clinton knows where the money is at.
The time it takes BitCoin and most other cryptocurrencies to complete a transaction, which is usually between 30 minutes and three hours, takes Ripple/XRP just seconds.
If marijuana were to become legal and Former President Bill Clinton were to take up farming hemp, cannabis & marijuana. What’s stopping him from using XRP to handle his agriculture expenses and not investing in and using Tokes?
What’s the benefit in using Tokes for the hemp agriculture industry? Will the marijuana industry accept non cannabis related coins and tokens?