The CanCoin (CANNA) is a blockchain-based platform for the cannabis industry. The platform's primary goal is to legalize the production and supply of cannabis in the market. The CanCoin aims to connect cannabis users and producers and seamlessly operate without legal hassles.

The CanCoin plans to harness the power of decentralization to create a cannabis central supply network.The native token of the platform is called CANNA. CANNA has additional features like The CanCoin Wallet for easy transactions.

CANNA operates on BSC and is a dynamic non-fungible token (NFT). According to the website, dynamic NFTs can start a series of actions, like real-world events. In addition, the platform employs a unique DOS or Decentralized Oracle Service that supports multiple blockchains for importing data and for securing the smart contract.A decentralized oracle is a collection of autonomous blockchain oracles that supply data to a blockchain.

The CanCoin uses Proof of Reputation (PoR) as a consensus mechanism. Proof of Reputation is a secure form of Proof of Authority and concentrates on the reputation of validators for block approvals. Proof of Authority (PoA) is a consensus mechanism that employs validators for approving a transaction.

The CanCoin distributes 40% of CANNA at the token generation event. 15% of tokens serves as liquidity while 15% and 25% go to the team members and contributors respectively. An additional 5% is kept aside for token bounty rewards.The CanCoin aspires to create a network that can operate as a one-stop solution for cannabis supply.

The conceptualization and launch of the CanCoin were in 2021. A team of cryptocurrency and cannabis experts was responsible for creating the platform. The team members include Noel Nissen, CEO; Pontus Dahlstrom, CFO; and Daniel Daboczy, the chairman. The maximum supply of CANNA tokens is four hundred and twenty million.

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