HempCoin hard fork! 10X return & masternode

in #cryptocurrency7 years ago

HempCoin was among the first 30 currencies developed in 2014 and
is a highly focused digital currency built on the source of Bitcoin for
the Agriculture/Farming Industry and Marijuana/Hemp Industry. Its use
includes the Marijuana dispensaries and the entire Agriculture/Farming
trade business.
Upon inception, HempCoin was the only cryptocurrency for Agriculture,
which is a trillion-dollar trade business worldwide. The vision was and
remains for HempCoin to help facilitate transactions between farmers
and distributors overseas.
In the 4th Quarter of 2017, HempCoin made strides towards expanding
brand awareness and utility of their cryptocurrency. News of a hard fork
which would result in a new and improved anonymous HempCoin with
masternode capabilities saw the market cap rise from US$2 million to a
peak of US$170 million. In 2018, the plans of 2017 come to fruition. Along
with HempPAY™, a variety of payment solutions designed for mainstream
adoption and increased usability, HempCoin has a very promising and
ambitious future ahead.

Hard Fork photo_2016-02-21_18-51-01.jpg

THC will hard fork the second quarter of 2018. The new THC token will be an anonymous coin and feature
masternode capabilities. The decision to embark on this new direction was one of both want and necessity.
With the creation of HempPAY™ and the desire to not only remain competitive but lead the way in the
crypto-cannabis sector, the only option was a fork with the outcome being a far superior THC token. The
new HempCoin is not only an upgrade from the current token, but the most technologically advanced coin
in the cannabis field.

Masternode

After the HempCoin’s hard fork, the new blockchain will feature masternode capabilities. The masternode
will provide HempCoin with a variety of new features including:
• PrivateSend. PrivateSend gives you true financial privacy by obscuring the origins of your funds. All the
HempCoin in your wallet is comprised of different “inputs” which you can think of as separate, discrete
coins. PrivateSend uses an innovative process to mix your inputs with the inputs of two other people,
without having your coins ever leave your wallet. You retain control of your money at all times.[1]
• InstantSend. This technology will allow HempCoin to compete with nearly instantaneous transaction
systems such as credit cards for point-of-sale systems while not relying on a centralized authority.[2]
• Governance and Voting. Decentralized governance allows owners of masternodes to make decisions
for the project. Each masternode is allowed one vote for each proposal. If a proposal is implemented
it can then be implemented by the HempCoin’s developers.[3]
• Budgeting and Treasury. While other projects depend on donations and premined endowments,
HempCoin is using the masternode to fund its own development and provide funds for individuals
performing valuable jobs and tasks.[3]

For every 20,000 coins held, you can stake one THC masternode. This entry amount will act as collateral
and is used to ensure that a masternode owner does not cheat or corrupt the system. In addition to the
value of the coins, the masternode payouts offer passive income for the masternode operator. The more
nodes one holds, the more money can be made. When the value of THC rises, so does the return on your
investment.

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HempPAY™ Payment Solutions
Merchant and retailer adoption of cryptocurrency as a viable payment option is growing as point-ofsale
systems continue to adapt and savvy developers create solutions for digital asset integration. The
main challenge identified by the HempCoin is adoption by mainstream users. HempPAY™ addresses this
challenge head-on by offering a variety of payment solutions which mainstream consumers have already
gained familiarity. These solutions include:
HempPAY™ Mobile J The HempPAY™ Card J HempPAY™ Online

HempPAY™ Mobile
The growth of in-store payments via mobile apps has grown
significantly over the past few years. According to Starbuck’s
Q4 2017 fiscal report, mobile pay grew 11% year-over-year
and now represents 36% of U.S. company-operated sales.
[4] Target and Walmart, drugs stores, and convenience stores
have implemented in-store mobile payment solutions, as well.
According to a report by Forrester Research, mobile payments
are expected to triple by 2021, going from US$80.7 billion in
2015 to US$282.9 billion in 2021.
The HempCoin is positioning itself to take advantage of the growth in mobile payments
by creating a mobile payment option for its partnering retailers and users.
HempPAY™ Mobile (HPM) is the HempCoin’s in-store mobile payment solution and multifunctional mobile
wallet. For the conventional, mainstream consumer HPM is an easy-to-use in-store payment solution.
For THC investors, HPM is the HempCoin’s mobile wallet – securely storing their public and private keys
and interacting with the HempCoin blockchain to send, receive, and monitor their HempCoin balance.
Experienced cryptocurrency investors can use HPM to send and receive THC to and from exchanges while
mainstream consumers will have the option to reload their THC balance using credit/debit card, Apple Pay,
or Google Pay.
HPM will also serve as a directory, allowing users to find nearby retailers, dispensaries, and businesses
that accept the HempCoin. An integrated advertising platform will allow merchants and businesses in the
HempPAY™ network to advertise directly to local HPM users.
Point-of-Sale (POS) Systems Integrations
To become an in-store mobile payment solution, HempPay™ will need to be integrated with the merchant’s
POS system. The HempCoin’s team of market researchers have identified the most popular POS systems
in the industries we serve, and our developers are working to integrate HempPAY’s™ merchant processing
software.
Peer-to-Peer Transactions
Due to the InstantSend feature offered through the use of masternodes, HPM is able to effectively
compete with the speed of credit/debit card transactions. Transactions from HPM to HPM will be nearly
instantaneous. A sender can easily scan a receiver’s public address via QR Code, specify the amount of
THC, and send payment instantly to the receiver. This is the easiest and most cost-effective solution for
smaller merchants and merchants not using a modern POS system.

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