Published: Oct 23, 2018

BitCanna

Website

Status

ICO

BitCanna is a decentralized Payment network, Supply chain and Trust network for the legal cannabis industry.

Whitepaper

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Interest lvl

Updated: Oct 19, 2019

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5/5 • 4 votes

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Ticker

BCNA

Type

Utility-token

FoundedNetherlands

Office address75 Abate Rigord Street Quantum House Level G (office 1/1129) Ta’ Xbiex XBX1120, Malta

What is BitCanna

The global cannabis industry has been inhibited by regulatory restrictions for most of recent history, but the legal market has emerged rapidly as more governments legalize medical and recreational use. In Europe, using/selling small amounts of cannabis is not legal but tolerated in Spain, The Netherlands, and Switzerland.

Due to the ‘shady’ image of the business, most banks, credit card companies, and payment providers won’t handle the money generated by the cannabis industry, even in places where it is completely legal. This leads to inefficient solutions such as cash transactions, which only add to the shady image of the industry.

To address this problem, BitCanna will provide a decentralized payment network for the legal cannabis industry, by means of the BitCanna Coin (BCNA). Customers can use the BCNA to make purchases in both online and brick & mortar dispensaries, solving the current payment problems for the industry.

There are already some cannabis-focused coins available on the global marketplace. BitCanna however, is unique in their strategy to get the cannabis industry out of the shade:

BitCanna has the intention to solve the current paradox in the market. By implementing supply chain management and identity control functionality, BitCanna aides legislators in creating a healthy and transparent cannabis market.

Mass adoption is the main challenge facing the cannabis coins currently being offered in the market — a challenge that will be much easier for BitCanna to overcome. The organization behind BitCanna already has a network in place of over 10 million unique visitors per month and hundreds of partner organizations (cannabis purchase points, both online and offline, and cannabis-related media channels). Mobilizing, enabling and incentivizing this network will lead to the fast adoption of BCNA.

BitCanna Roadmap

2019 Q1

Continuous; expanding the BitCanna Alliance.

Testnet live- Alpha version

BitCanna presents itself at multiple major conferences

2019 Q2

Testnet launch – public Beta version

Launch world-wide marketing campaign.

End of the public sale

2019 Q3

Launch mainnet BitCanna v1.0.

Coin distribution.

Launch Lite Wallet, Node Wallet.

Launch BitCanna Business v1.0 (basic version containing online payment plugins).

Exchange listing.

2019 Q4

Launch BitCanna Mobile v1.0 (basic version containing the Mobile Wallet).

First webshops within the BitCanna Alliance will start accepting BCNA coins after the ICO.

Update BitCanna Business v1.0 .

Integration of hardware point-of-sale payment solution.

2020 Q1

Update BitCanna Mobile with additional functionalities:

BitCanna Maps.

Database of cannabis dispensaries and strains.

2020 Q2

Update BitCanna Mobile with additional functionalities:

Integration of the advertisement platform. Allows for direct advertising to customers based on geolocation.

2020 Q3

BitCanna v2.0 goes live. Integration with supply chain layer.

Launch of BitCanna Business v2.0.

Integration of supply chain monitoring which allows businesses to manage and audit their inventories.

2020 Q4

Launch BitCanna Mobile v2.0.

Integrate supply chain monitoring which allows customers to scan products, and find information like origin and quality of their desired products.

2021 Q1

BitCanna v3.0 goes live. Trust & reputation layer integrated with mainnet.

2021 Q2

Launch BitCanna Mobile v3.0.

Integration of customer reviews with blockchain-based integrity.

Integration of encrypted identity.

Token Sale Dates

Presale Period

Start date: Oct 31, 2018

End date: Nov 14, 2018

ICO

Start date: Nov 15, 2018

End date: Jun 30, 2019

Token Allocation

Total Token Supply 252,000,000 BCNA

Funding Details

Soft Cap 3,000,000 USD

Hard Cap 20,000,000 USD

Funds Raised (as of now) 16,000,000 USD

Restrictions

Residents of the following countries are prohibited from participating
Canada, DPRK, Ethiopia, Iran, Iraq, Serbia, Sri Lanka, Syria, Trinidad and Tobago, Tunisia, United States of America, Vanuatu, Yemen

Token distribution

60% - allocated to the ICO
15% - locked for the team, founders, and advisor
15% - reserved for future business development & market expansion
10% - reserved for the marketing campaign

Funds allocation

40% - product development
30% - communication and marketing
20% - unexpected operational costs
5% - legal costs
5% - unexpected costs

Token Price and Payment Options

Token price USD 1 BCNA = 0.12 USD

Accepted Currencies BTC, ETH, LTC, BCH, DASH, Fiat

Project team

Sardjoepersad (Boy) Ramsahai

FOUNDEr

Jan Scheele

CEO

Paulo Ramos

CTO

Jakub Lewicki

CMO

Johan Deddens

BUSINESS PROCESS MANAGER

Tom Staal

LEAD DESIGNER

Lukas van der Zee

COMMUNITY ENGAGEMENT ADVISOR

Rob Cortjens

CONTENT & STRATEGY

Harvey Yard

UX/UI DESIGNER

Fransesc Carrasco

ONLINE MANAGER

Bernat Oliva

AUDIO VISUAL

Nazaret Díaz Ruiz

BUSINESS DEVELOPMENT MANAGER

Pol Puig Collderram

SOCIAL MEDIA MANAGER

Marina Teruel

GRAPHIC DESIGNER

Michael Gentle

COMMUNITY SUPPORt

Hector Roger Pascual

COMMUNITY SUPPORT

Jules Verkuijlen

COMMUNITY SUPPORt

Marilu Lopez

COMMUNITY SUPPORTAdvisors

Advisors

André Beckers

Legal Advisor

Miguel Torres

Legal Advisor

Willem-Jan Smits

LEGAL COUNSEL

Camiel Vermeulen

LEGAL COUNSEL