CannaSOS is a digital currency and advertising platform for the legal cannabis community. Find out everything you need to know about it today in our review.
What Is CannaSOS?
CannaSOS is a decentralized blockchain-based platform that uses PerksCoins as a payment medium. The platform is designed to address challenges faced by the cannabis industry in the financial and advertising sectors.
In case you missed it, the cannabis industry is facing a number of financial and advertising challenges. Most banks don’t work with clients from the cannabis industry, and ad networks like Google AdWords forbid any cannabis-related advertising. The reason, of course, is because marijuana is still a prohibited drug at the federal level in the United States and many other countries worldwide.
With that in mind, the CannaSOS team wants to design, develop, implement, and provide technical support for a non-cash, multi-level, online transaction platform.
How Does CannaSOS’s Platform Work?
CannaSOS is the company, while the PerksCoin Transaction Platform (PTP) is the platform. That platform is built on the blockchain and revolves around the use of PerksCoins as a cryptocurrency. The platform aims to be an autonomous, self-regulatory transaction platform that provides the following key products and services:
- PRC token volume regulation through the emission and withdrawal of PRC tokens from the ecosystem
- Security, safety, and transparency for all financial transactions
- A mediation or arbitration mechanism to eliminate fraud within the marketplace
- Implementation of a unique loyalty program based on PRC tokens
- Utilization of PRC tokens as a real-time transaction medium
CannaSOS also has its own platform that’s been active since 2014. That platform is a comprehensive social network and advertising platform catered towards the worldwide cannabis industry. It includes features like a strain database, news listing service, and social pages. Since launching in January 2019, the platform has acquired over 315,000+ registered users and 950+ active business pages.
By introducing the PerksCoin blockchain and the PerksCoin Transaction Platform, CannaSOS aims to fuel growth on the platform.
PRC Transaction Platform Features
The PerksCoin Transaction Platform, or PTP, is designed with the following features:
- Cash free
- Easy and free to use
- Transparent and secure
- Self-regulating and autonomous
- Integrated with cryptocurrencies
- Running on decentralized blockchain technology
- Uses the “Secure Sale” feature to prevent fraud within the marketplace
- Uses mediation and arbitration features to protect buyers and sellers
- Implements monetary policy over the PRC ecosystem by emitting or withdrawing PRC tokens from circulation
- Supports all PRC token-based loyalty and advertising programs
The PerksCoin Transaction Platform will have a loyalty program that allows businesses to engage their client base and boost customer return rate. participating merchants will need to subscribe to the PRC Transaction Platform. After subscribing to the platform, they can use PRC tokens as a transaction medium for various loyalty programs. Merchants might award PRC tokens to customers in exchange for product reviews or large purchases, for example.
CannaSOS Products and Services
The existing CannaSOS platform was launched in 2014. It was launched to be the leading social network and advertising platform for the legal marijuana industry. Over nearly 4 years of development, the team – which has consisted of volunteers – has created a number of products and services for the platform:
- Strain Review System and Medical Cannabis Statistics Database
- User Hub (a social network for patients, doctors, and cannabis experts)
- Pulse (an Instagram or Pinterest style network)
- NewsFeed (features the latest news from the cannabis world)
- Advice Section / Q&A
- LiveFeed & FriendFeed
- Business Pages
- Business Directory
- Business Map
- PerksCoin and the PerksCoin Wallet
- Advertising Platform
One of the unique things about CannaSOS’s social network is that it allows users to change a setting to become anonymous. Medical experts might choose to disclose their identity on the platform, for example, while a marijuana user who lives in a certain state may wish to remain anonymous.
The CannaSOS Token Sale
The token pre-sale is scheduled for November 18 to December 18, 2017.
The crowdsale is scheduled to begin after the conclusion of the pre-sale, then ends on January 20, 2018.
There will be a total of 100,000,000 PerksCoins (PRC) issued through the token sale. The tokens are built on the Ethereum blockchain as an ERC20 token.
CannaSOS will use the proceeds for business development (25%), software and infrastructure (20%), marketing (25%), legal and administration (15%), contingencies (5%), and acquisition of assets (10%).
Tokens will be priced starting at $0.80 USD per token at the beginning of the pre-sale, rising to $1.50 USD per token by the end.
Who’s Behind CannaSOS?
CannaSOS is led by founder and CEO Oleg Cheine, who has 17 years of sales and management experience. Other key members of the team include Luba Kay (Founder, CFO, Researcher and Advisor), Vas Shestakov (Co-Founder, Director of Development Department, Software Architect), Andrew Shevtsov (CTO and Blockchain Developer), Vit Ivanov (Co-Founder and Senior Developer), Sergey Shnerson (Co-Founder and Network Administrator), Anton Yakovlev (Co-Founder and Front End Developer), Anton Danilov (Co-Founder and Full Stack Developer), and Daniele Cheine (Co-Founder and Account Manager). Yes, CannaSOS lists 9 people as either founders or co-founders.
The team appears to have contributed to the project on a volunteer basis since coming togheter in 2014. They describe the project as “a collaboration of medical cannabis activists” dedicated to exploring legal cannabis treatment options and bringing clarity to the industry.
CannaSOS has been operating as a cannabis social media and advertising platform since 2014. In 2017, CannaSOS announced the launch of its PerksCoins (PRC) and PerksCoin Transaction Platform (PTP), which aim to introduce blockchain-based digital tokens to the CannaSOS ecosystem. These tokens can be used for transactions within the CannaSOS ecosystem, purchases on the ad network, or as loyalty program points by merchants.
To learn more about CannaSOS and their upcoming token sale, visit online today at CannaSOS.com.