CannaDAO and NEAR – A perfect match in Green

CannaDAO will play a major role in further developing the NEAR ecosystem by attracting capital and users from the legitimate cannabis market and from Ethereum, the second largest crypto market to date after Bitcoin.

When the CannaDAO project came true, the most obvious question was which blockchain to run. Cryptocurrencies over the past few years have seen the birth, success, and decline of different blockchains: different, somewhat decentralized technologies, protocols, use cases, etc. Also, these days, protocol sustainability and energy efficiency are making more sense and stronger in the crypto community.

CannaDAO aims to build a green and clean organization that welcomes like-minded communities together, and to centralize participation in actual cannabis cultivation projects through DAOs on the blockchain. In addition, we will create a “Cannaverse” metaverse to provide fun games and virtual social experiences.

In the search for the most suitable block chain, there was only one obvious and logical choice. It is the NEAR protocol. Launched in 2020, it is a one-to-one with our common goals.

  • Greener blockchain: Use Proof of Stake (PoS) consensus instead of PoW and aim for climate neutrality by offsetting carbon emissions in tree-planting projects.

  • Community Driven Decentralized Projects: At the heart of NEAR is the DAO Extension.

  • Sustainable: Not only at the environmental level, but also as a long-term proposal for crypto projects. In October 2021, NEAR announced an $800 million incentive program to support ecosystem growth. The 2022 study ranked NEAR as the third blockchain, and in 2021 it attracted the latest developers to write code on it. This is a very strong indicator of longevity.

  • DeFi: Decentralized finance is the key to the success of our joint effort.

  • Scalable, Low Cost and Fast Transactions: Cannabis is a huge market, so it is also possible for new users who can participate in the CannaDAO project and want to have a seamless experience with NEAR.

CannaDAO will play a major role in further developing the NEAR ecosystem by attracting capital and users from the legitimate cannabis market and from Ethereum, the second largest crypto market to date after Bitcoin.

The strategy is to first raise funds in Ethereum, where most of the cryptocurrency’s liquidity is located today, through the Copper Launch platform, in parallel with NEAR’s Skyward Finance funding. Raising Ethereum Highlights NEAR Through CannaDAO. At a later time, Aurora will release an EVM compatible game that will provide seamless and widespread access to all crypto users. The first capital comes from Ethereum. The DAO platform and participation in the actual growth process runs on the original NEAR blockchain. Next to NEAR users, liquidity and users will be further bridged from Ethereum, and new users from the cannabis market will join NEAR directly.

Details of the CannaDAO project and future IDO users can read the green paper. Twitter Or go to the YouTube channel.

Media contact
The Company’s name: Kanadao
contact person: PR window on the media
email: I send mail
city: Miami
condition: Florida
nation: America
website: https://www.cannadao.org

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