HempCoin

The HempCoin (THC) describes itself as a global solution for supporting the agricultural industry using blockchain technology to enable transactions for agricultural trade. The THC platform aims to provide an opportunity to build secure, flexible, and adaptable solutions for every project. More simply, HempCoin aims to grow into a multi-faceted network dedicated to enhancing all aspects of the agricultural industry.

As mentioned in the whitepaper, the platform seeks to offer cutting-edge abilities to the agricultural industry with its patented HempTRAC technology. This technology enables farmers to easily track individual batches of seeds as well as track the steps to get a successful yield. HempCoin also allows farmers to construct incentivized networks to transact mutually, thus removing the excessive levels of barriers from the agricultural marketplace.

In addition, the HempCoin platform seeks to reduce the manual tracking of the resources and outputs in agriculture. The THC's long-term goal is to enable vertical integration of the various processes by bringing them onto the common platform so that wastage of time, resources, assets, and opportunity could be minimized.

According to the whitepaper, the fundamental issue with current financial transactions in the agriculture sector is that all of them are inefficient due to a lack of technological adoption and integration. And present technical solutions are frequently difficult to adopt due to a lack of user access to technology, including sophisticated user interfaces. Thus, HempCoin aims to deliver customized solutions to consumers based on their business needs by utilizing blockchain technology.

The native token for the HempCoin is THC. As mentioned on the platform’s website, the THC is 100 percent Proof of Stake (PoS), with a Delayed Proof of Work (dPoW) mechanism securing it to the Bitcoin network. With the strength of the Bitcoin network, dPoW is a security mechanism that secures the entire THC ecosystem. With THC tokens, blockchain projects can achieve BTC-level cybersecurity at a fraction of the price.

The whitepaper of the HempCoin was published in May 2021 by Tim Renzetti, Phil Lerner, and Adam Wallace. Tim Renzetti is the CEO and founder of HempCoin. Tim is also CEO/co-Owner of Autovid and Southeastern IT Solutions.

Adam Wallace is the COO at HempCoin. He is also a co-founder of Infinity Firm.

As mentioned in the platform’s roadmap, HempCoin finalized and acquired THC private funding in Q4 2021. Likewise, the platform employed a full-time core team within Quarter 4.