The CanCoin Launches to Solve Market Friction and Monetization in The Legal European Cannabis Market

CommPRO Editorial StaffTechnicorum Holdings, a DeFi advisory group specializing in digital assets like KingSwap, along with European crowdfunding expert Daniel Daboczy, with David Bonnier and Amaury de Poret, the co-founders and investment managers of Enexis, one of the first cannabis investment companies in Europe, has announced the upcoming tokensale and launch of The CanCoin. The CanCoin is a cannabis token designed to solve market friction and monetization in the European cannabis market and to help build blockchain-based solutions for the legal, fast-growing cannabis industry.The CanCoin solves key market issues such as the lack of transparency, poor tracking of the supply chain, mistrust in monitoring systems for both products and patients, as well as reticence of financial institutions to service the European cannabis market. In response, The CanCoin uses blockchain to streamline payments and processing, management of inventory and medical cannabis cards, patient monitoring, and tracking from seed to shelf. As well, it introduces NFTs and DeFi into the ecosystem.Technicorum provides its trusted expertise in managing DeFi projects while David Bonnier and Amaury de Poret will provide access to its diverse portfolio of cannabis opportunities within the European market and market expertise. Daniel Daboczy, founder of the fastest-growing equity crowdfunding platform in Europe and CEO of Technicorum Holdings, will add his crowdfunding and marketing expertise, connecting investors and entrepreneurs, as well as helping to project manage the IDO and solution development. Additionally, several key people in the blockchain, finance and cannabis industry have joined as advisors or investors.“The European cannabis market has fallen far behind North America, which has demonstrated how cannabis tax revenues and profits can create more opportunity,” said Daniel Daboczy, CEO of Technicorum Holdings. “TheCanCoin is not only a chance to catch up, but truly maximize the opportunity in Europe while ensuring a secure and serious approach to this fast growing industry and expected wave of legalization. We believe that the legal cannabis industry will benefit from its own industry currency paired with some of the best technology available. These tools will accelerate this fast growing industry even more. ”“Europe has a huge addressable cannabis market that has gone largely untapped due to legislation and restrictions,” said David Bonnier, Co-Founder of Enexis AB. “With the global legal cannabis spending forecast expected to reach over $70 billion by 2025, we believe TheCanCoin can bring a significant amount of this profit share to the European market.”TheCanCoin will have a finite supply of 420 million coins issued starting August 22, 2021.Source: Blockchain Wire