GNJ-Tokens provide real cannabis blockchain solutions for payment, franchising, production, retail and wholesale distribution. From Point of Sale and Loyalty Rewards, to product authenticity and validation, GNJ provides real dAPPS.
Ganja Tokens are digital utility tokens that are transferred and exchanged using smart contracts on the Ethereum blockchain network. Ethereum blockchain anti-censorship and record-keeping technologies are the logical next step in completely changing the buyers’ and sellers’ interaction in the cannabis industry.
With federal cannabis legalization looming on the horizon, the demand for secured censorship-proof cannabis-friendly e-commerce solutions is rising. Most big banks and credit card agencies refuse to do business with cannabis vendors (even in states where it is fully legal). Because the federal laws are in limbo right now, banks see cannabis companies as high risk enterprises. As a result, most cannabis vendors are forced to deal in cash which is incredibly inefficient and difficult to manage. Cryptocurrencies combined with utility tokens are the logical solution to solving the cannabis payment system problem.
Unlike a securities token, the Ganja Token (GNJ) is a utility token. Utility tokens have the advantages of being infinitely more useful than simple “coin” tokens that only serve as alternative payment methods. As GNJ evolves and grows over time, so will its functionality. It will serve as a tradable loyalty token as well as a functional means to influence interactions on Ganja.com’s cannabis-specific applications.
For example, GNJ could be issued as loyalty tokens to those customers who purchase cannabis products on the Ganja.com Market app. Ganja.com customers can then use GNJ to discount future orders, or trade that GNJ on token exchanges. Another example would be using your GNJ tokens to enhance your user experience in various ways on any of the Ganja.com Apps. Potential uses could be customer order prioritization, special order gift eligibility, contest entry participation, lotteries and giveways, boosting listings, score keeping and much, much more. For more information on potential uses for Ganja Tokens, please take a look at our downloadable Green Paper. From Point Of Sale and online supply chain management to Loyalty Programs and beyond, GNJ will be there.