What is Potcoin?
PotCoin (POT) is a cryptocurrency that was created to facilitate transactions within the legalized cannabis industry. It was launched in January 2014 and has since become one of the most widely used cryptocurrencies for cannabis-related transactions. PotCoin is designed to be an alternative payment network for marijuana users, growers, dispensaries, and other members of the cannabis industry.
The goal of PotCoin is to provide a secure digital currency that can be used to make payments between individuals and businesses in the legal marijuana industry. The currency also aims to reduce transaction costs associated with traditional banking systems by providing an alternative payment system that does not require banks or other financial institutions. By using PotCoin, users are able to transfer funds quickly and securely without having to worry about high fees or long wait times.
PotCoin can be bought and sold on various exchanges including Bittrex, Cryptopia, CoinExchange, and Yobit. Additionally, it can be stored in wallets such as Coinomi and Exodus. The coin has been gaining popularity due to its low transaction fees compared to other cryptocurrencies such as Bitcoin. As more states legalize marijuana use, PotCoin could become even more popular among those looking for an easy way to pay for their purchases.
In addition to being used as a payment system for cannabis-related transactions, PotCoin also supports charitable causes related to medical marijuana research and advocacy. The company has donated over $100k USD worth of POT coins towards these causes since its launch in 2014.
