Interview
ParagonCoin (PRG) is a payment solutions for cannabis-related services such as:
labs, logistics, marketing, legal, PR, equipment and so on. Basically, everything
but the sale of cannabis itself. We’re not a coin for the actual purchase of canna-
bis. There are some coins that claim to be a payment solution, but unfortunately
those solutions are mostly federally illegal. We’re not just a cryptocurrency, we’re
building an entire ecosystem around our token: co-working spaces that members
will pay rent in PRG, labs that members will pay for lab fees with PRG, a decentral-
ized and open-source cannabis product supply chain tracking system, and ver-
ification mechanisms. We’re aiming to create a lot of demand for our token and
building mechanisms to decrease supply on increased demand.
Paragon will help cannabis-related business on many levels. What kind
of features will the Paragon smart contracts provide to its users that
they could not find in other existing projects?
I’m afraid current existing cannabis-related solutions are not really offering any
functionality and mostly are forks of existing cryptocurrencies that according to
federal regulations are basically illegal in the US. We’re fully compliant with all
regulations and are aiming to become the golden standard for the industry in
terms of trust, verification, compliance, etc. We’ll offer voting, document valida-
tion, escrow and industry specific blockchain-based applications.
Why choose the Ethereum blockchain for the development of Paragon?
We’re using ERC20 tokens for the initial launch and Ethereum platform, however
we’ve collaborated with IOTA and will be building a hybrid product that will offer
a much easier vertically integrated product for the end users.
Can you tell us more about the Paragon centers and the ParagonChain
technology that will be incorporated in them?
ParagonCenters are conceived to unite like-minded people under the same roof,
give safe, comfortable and affordable work space for cannabis-related compa-
nies. We’d like to have an in-house laboratory, host events, conferences, startup
incubator programs at ParagonCenters and we are even thinking about a cafe
and or a SPA offering CBD products. We want PRG to be the only way to access
ParagonCenters, pay for rent and services on premises to create additional de-
mand for our token.
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