LeafCoin is designed to be the most effective, secure, and easy-to-use platform for making payments in the cannabis market. In addition, LeafCoin creates a safe personal and financial environment by eliminating the need to walk around with cash for cannabis transactions.

LeafCoin started as an idea in 2021 by the LeafCoin Team, who saw the need to create a secure and easy-to-use payment system to solve public safety, banking, regulatory, and tax challenges not addressed in the cannabis industry. LeafCoin has been undergoing design and testing during that time, and was launched on the blockchain on April 20, 2022, at 4:20 a.m. EST.

First, LeafCoin brings financial and other tools to the cannabis industry not presently readily available, such as continuous access to funds, the ability for stakeholders to comply with government regulations, reducing expenses imposed on the cannabis industry by traditional banking systems, and providing physical safety for consumers and vendors. LeafCoin is a high-utility coin designed to solve a specific problem in this $30 billion industry that can be easily translated to other markets. Second, participating in cryptocurrency is a cultural, political, and personal decision about the future. Each person and business entity must make this decision on their own, after satisfying the number one rule in any venture: “DYOR” – Do Your Own Research. Cryptocurrency can offer market participants diversification from traditional financial assets such as stocks and bonds. Digital currency transactions are secure, private, fast, and low-cost, offering 24/7 liquidity, independent of any traditional bank’s holdings.

Cryptocurrency, also known as Digital Currency, is a digitally based financial currency and is an electronic form of payment that functions both as a currency and as a virtual accounting system using blockchain technology. Cryptocurrencies exist on a blockchain where every transaction is given a verification code, each transaction is linked to the transactions before and after it (the “block” and the “chain”), and each transaction is verified by many computers around the world. In this “decentralized” way, no one computer or user can easily create fraudulent transactions.

Ethereum is a decentralized, open source blockchain digital currency token with smart contract functionality built into its programming. Among cryptocurrencies, ETH has a market capitalization of over $230 billion as of June 30, 2023, second only to Bitcoin. Surpassing Bitcoin’s limitations, however, ETH developers can build specialized utility market tokens on the ETH platform, such as LeafCoin.

A Smart Contract is an automated electronic agreement that self-executes when its conditions are satisfied by the parties to the agreement. In one type of smart contract, financial transactions can automatically be made based upon time, value, threshold, or activity. A type of smart contract is already used in the financial industry for automated “sell” or “buy” orders. Another example is where a seller is to deliver ten items and the buyer is to pay $500 per item. When the seller is confirmed to have done so, the buyer’s account is charged the $500 which is transferred automatically to the seller’s account. There are safety protections built in for both parties, so market stability and assurance are enhanced.

LeafCoin’s plans include the LeafCoin App for stakeholder and consumer use. Development estimates and beta-testing schedules are slated for Spring 2024.

LeafCoin App will be available for download to your smart device from your mobile phone’s app store or from the LeafCoin website.

Yes, a limited number of stakeholder and consumer beta testing positions are available. If you would like to be a beta tester for LeafCoin App, please email [email protected] with the subject line “App Tester.”

LeafCoin is available for obtainment immediately and, initially, is for consumer and participating business use in the cannabis ecosystem and supply chain – including growers, wholesalers, transportation services, and dispensaries. Many businesses and suppliers in the cannabis industry can also use and benefit from LeafCoin’s powerful business and analytics tools. LeafCoin owners can also hold LeafCoin in their own wallets as an investment asset.

LeafCoin is presently building out its cannabis stakeholder network, so please contact LeafCoin at [email protected] with the subject line “Stakeholder” if you have questions about how to participate in the LeafCoin ecosystem.

Yes, most banks now allow links to cryptocurrency liquidity providers. The LeafCoin App will allow you to buy or redeem LeafCoin via ACH, debit, or credit accounts. You can also buy LeafCoin with cash by visiting an authorized LeafCoin cash vendor, where you must show your government-issued ID, scan your unique QR code from the LeafCoin App, and provide a cash payment. You can also purchase LeafCoin directly with ETH or other coins available for swap through your own cryptocurrency wallet such as MetaMask or Trust Wallet. LeafCoin is evaluating expanding to additional token platforms and blockchain systems.

You will be asked to link your bank information under the “add payment” section of the app, and detailed instructions will be available within the app for all steps. The app’s mapping tools will also be available for ease of use.

Yes, you will be able to see your LeafCoin balance, as LeafCoin App is intended as a safe payment and convenience system for cannabis and cannabis-related products. Total value and tracking information will also be available in the app.

All LeafCoin transaction activities are located on the relevant blockchain (presently the ETH blockchain), but your personal identification is not included on public blockchains. Transaction details will only be visible only to you.

For consumers and vendors alike, LeafCoin App will make transactions faster and easier, all but eliminating the need for cash, with added accounting features that track desired transactions and spending trends. For vendors, LeafCoin App has the added benefit of its built-in “smart contract” feature that will remit cannabis taxes to governments in real-time as mandated under state and local laws. Suppliers, vendors, and consumers alike (including governments at all levels) benefit from this one-step processing transaction.

The only costs associated with LeafCoin are the low transaction fees in the app and on the blockchain. The app’s fees are lower than most credit card transactions.

LeafCoin has a smart contract feature that allows real-time payments to governments in jurisdictions where cannabis is legal. Additionally, LeafCoin App will be easy to use for all cannabis-related systems without having to pay the high banking fees or insurance costs related to holding large sums of cash.

LeafCoin is a secure digital currency that meets the high security standards of the Ethereum blockchain. Additionally, LeafCoin App is being developed with high-level security features along with multi-factor authentication to ensure your cryptocurrency funds are protected.

LeafCoin App provides a seamless and inexpensive payment solution that eliminates the need to operate solely in cash in the cannabis industry and will increase tax revenue receipts, reduce safety risk to cannabis business owners and their consumers, and allow for real-time tax payments to state and local governments where cannabis is legal.