The Tokenization of CBD
The project aims to address the challenges facing the CBD industry as well as bring the advantages of blockchain to the industry.
Irish company Greenheart CBD announced on Sunday the start of the public pre-sale of its ERC-20 token "Greenheart Punt" on the LATOKEN platform.
According to the company, during November the contributors will receive bonuses ranging between 20% and 50%, depending on the date of their purchase of the token.
The official trading, according to the company, will be on the first of December, when the company will put 200,000,000 tokens into circulation at a price of 10 US cents per token.
The company also clarified that it will back up its tokens with 1,000 liters of a company's CBD oil (with an approximate retail value of $ 4 million US dollars), which would allow token holders to redeem their tokens for CBD oil if they wish.
Moreover, the company stated that it will offer 200,000,000 tokens for public sale on the first of December every year for the next 4 years, as it aims to sell 1,000,000,000 tokens in total.
According to Greenheart CBD, the CBD industry faces many huge challenges such as lack of governance, transparency, and compliance. In addition to the high fees imposed by retailers and financial institutions.
Moreover, the absence of formal banking support to the CBD industry in general. In addition to the weak production, as a result of not applying advanced technologies yet on a large scale in the industry.
Greenheart CBD believes that its project can solve industry problems in addition to contributing to its growth by using the proceeds from the sale of its tokens in purchasing new land for CBD production, building a start of the art CBD, decortication plant, moving into new product lines, building and deploying pioneering “CBD Tech” and more.
Greenheart unveiled in October the building of the first dApp marketplace for CBD products, where token holders can purchase Greenheart CBD products, using both Ethereum or the Greenheart Punt token.
Token Overview: https://greenheartcbd.ie/pages/greenheart-punt-token
CBD Lab tests: https://greenheartcbd.ie/pages/lab-tests
Twitter: https://twitter.com/CbdGreenheart
Facebook: https://www.facebook.com/cbdgreenheart
Instagram: https://www.instagram.com/greenheartcbd/
Telegram: https://t.me/GreenheartPunt
Token Sale: https://latoken.com/ieo/PUNT
Source: https://greenheartcbd.ie/
