What is Hempcoin

Article Summary, Automatically Generated By AI

Summary of HempCoin

  • Launched in 2014
  • Built on Komodo (KMD) source code for the Hemp Industry
  • Vision: facilitate secure transactions between farmers, distributors, and consumers
  • 2Q-2019: leveraging Komodo Platform to build HempTRAC using UTXO
  • Numbers and figures: 2014, 2Q-2019

Introducing HempCoin: Pioneering the Convergence of Cannabis and Blockchain

Launched in 2014, HempCoin (THC) was built upon the source code of Komodo (KMD) with a specific focus on serving the hemp industry. The overarching vision for THC is to facilitate secure, seamless transactional relationships between farmers, distributors, and consumers. In 2Q-2019, THC is harnessing the capabilities of the Komodo Platform to develop HempTRAC, leveraging the UTXO model.

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