Interesting and a very good sign that you are addressing this now. Too many times do people have a great idea and just run with it without thinking the whole thing through. Something like this could have brought the whole project to its knees after the launch already happened if you guys didnt do that background research first.
I look forward to participating. Although, maybe I missed it, do you know what the ICO price is going to be set at per coin yet?
Also, will the statement in your thread title "Grow your investment" cause a problem?
Topic: [ANN] Growers International $GRWI - Membership Platform & Cultivation Utility - page 49. (Read 153749 times)
May 29, 2017, 06:47:02 AM
May 28, 2017, 02:46:30 PM
looks like this projects is attracting investors base on the updates, hoping that this coin will follow the path of Dopecoin and in the future be integrated with some dispensaries and will be accepted as payment for some products to buy.
After a long week of meetings and paperwork, I have a tidbit of news to bring the watchers here. Our lawyers have informed me that as a cryptocurrency, we can not directly offer our investors "promised gains". In doing so, we would not fall under the model of "Crowd Funding" for coin distribution and our entity would be considered as an "Investment Security". This being the case, we have decided to rework to projection of the coin and our ANN in general. Although we can continue to offer investors the original benefit, we can not make that the primary purpose of the currency to the public. Also we can not directly advertise or post returns to / from USD here in the coin space.
To that extent, we will be doing our part on the back-end to ensure everything remains legit and legal for our USD investors. The GIcoin itself will act more as our network infrastructure, think Ethereum IOT along with Ripple sustainability and an all new exclusive distribution model. Please join our slack to talk with us or feel free to post your questions here. Thank you for your patience, the project is evolving into something new and interesting for top level cannabis growers (licensing).
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May 28, 2017, 12:26:48 AM
looks like this projects is attracting investors base on the updates, hoping that this coin will follow the path of Dopecoin and in the future be integrated with some dispensaries and will be accepted as payment for some products to buy.
May 27, 2017, 11:59:38 PM
my cat is eating his weed and high as fuck now, it remind me about your coin! i will keep watch for sure, good luck!
Please don't feed weed to cats.
Graphics are looking good dev, keep it up, we desperately need a successful cannabis coin that ACTUALLY uses cannabis as a backing. I'm hoping this is the one! When do you plan on releasing coin specifications and ICO pricing? Will there be any early investor incentives? Thanks!
May 27, 2017, 03:05:27 AM
Why?
Compassion. Knowledge. Profit.
A large percent of all profit we earn back from the project goes back into the currency (on the trade market). We are designing GROW to profit its owners rooted from the ground up. The core details of the coin and how the project will benefit investors will be announced soon.
with large percent of all profit, it will interest more investor, congrats Dev, hopefully success with this project.Compassion. Knowledge. Profit.
A large percent of all profit we earn back from the project goes back into the currency (on the trade market). We are designing GROW to profit its owners rooted from the ground up. The core details of the coin and how the project will benefit investors will be announced soon.
are there some bounty Dev? like social media bounty may be
May 27, 2017, 02:28:07 AM
May 26, 2017, 01:19:45 PM
I have my eye on this project for a minute. Any word on when launch will be?
May 24, 2017, 10:58:29 AM
I wanna see MORE weed coins!!! Crypto+prop215=future
May 19, 2017, 11:42:58 AM
https://bitcointalk.org/index.php?topic=1326821.240
I've been seeing a lot of shitcoin scams. I'm still fairly new to this, but these forums have helped tremendously. I don't want to invest in any crypto unless it's backed by a commodity.
I've been seeing a lot of shitcoin scams. I'm still fairly new to this, but these forums have helped tremendously. I don't want to invest in any crypto unless it's backed by a commodity.
May 19, 2017, 02:52:48 AM
my cat is eating his weed and high as fuck now, it remind me about your coin! i will keep watch for sure, good luck!
May 18, 2017, 09:12:34 PM
May 18, 2017, 02:33:20 PM
A very interesting read for the direction we are heading.
http://www.sacbee.com/news/state/california/california-weed/article39804690.html
Super stoked for the announcement. http://www.sacbee.com/news/state/california/california-weed/article39804690.html
May 18, 2017, 02:22:27 PM
Quote
Interesting idea for a project, Cannabis coins are always intriguing. Can you explain a bit more about how the 20% profit will be returned to investors? Are you buying coin from the market or are the profits distributed to people who hold the coin? I like this idea because it will ACTUALLY be backed by Cannabis unlike some of the other coins in the past. What is the timeline for launch? Thanks!
-J
We will distribute the 20% on to the trade markets. There will be a monthly poll as to how that 20% is used exactly. It can be used as either a buy wall or just to buy coins off the books. Details on how the 20% will be tracked from seed to sell will be posted with our full ANN.
Thank you so much for your interest!
- Ryan, Growers Intl.
Thats a cool idea but what happens to the coins that are bought from the markets? For instance, if 1 BTC worth of coin is bought from the books, is that distributed to all the wallets that hold coin? Is there any incentive for holding more coin or is anyone holding 1 to a million coins treated the same as far as profit sharing?
-J
Great question. We are planning on releasing a lot of these details in our official ANN coming within the next few weeks. We are currently contemplating the idea of buying and burning the coins out of existence. Another way would be to distribute all coins evenly to active wallet addresses. We could also reserve the coins in a vault for future use when the markets are higher in order to fund another warehouse or cultivation location. In the end, the final decision will be held by the community or the given community representatives. What do you think we should do with your 20%?
- Ryan
Its a tough question, but in the spirit of crypto I believe it should ultimately be up to the community. Distributing evenly would not be really fair to large holders, or if people just held 1 coin in multiple addresses, receiving multiple rewards. I like the idea of burning them to make the current coins more valuable because that helps everyone from the 1 coin to 1 million coin holders equally.
We will give the option to the community of choosing a buy wall or to just have the coins bought from the books. Those coins that are in our possession will be burned away. Because this action destroys the funds, it will allow the current value of coins to go up. Because we are not profiting as a company by this action, the 20% could be viewed as more of a test expenditure or even as a donation. Therefor 100% of the capital made by the company will be taxed free and clear. The exact details of this will be gone over with our lawyer and bitcoin tax attorney here on the forum and posted to our website.
- Ryan
May 18, 2017, 01:15:16 PM
Definitely watching this! It sounds great to me, as a Canadian Cannabis user lol
Good luck!
Good luck!
Thanks man, this is the real deal. We're doing tons of planning behind the scenes as to how we can make this as successful as possible. Happy to have you on board.
No problem, great to see new things evolving so rapidly. Especially things like this, the medical cannabis industry needs a large scale business that can provide good consistent quality to medicinal users.
Id love to help out any way I can, i'll definatly partake in the ico.
Great updates and great work!
May 17, 2017, 11:51:29 PM
skyline and Danny, YES! definitely keep your eyes on this one. We support dopecoin 100% completely, and hope to have legit crypto currency for the cannabis community. Our medicine is becoming legal, but the banks still have their hands in it. Let's stop that.
-Dave,
GI Dev
-Dave,
GI Dev
All good Dave! Competition( I really don't see it that way but...) makes things healthy for sure. All we can do is better each other!
May 17, 2017, 08:29:02 PM
skyline and Danny, YES! definitely keep your eyes on this one. We support dopecoin 100% completely, and hope to have legit crypto currency for the cannabis community. Our medicine is becoming legal, but the banks still have their hands in it. Let's stop that.
-Dave,
GI Dev
-Dave,
GI Dev
thats good things to hear i will follow and keep up to date, we just don't need anymore cannabis coins like pot coin that are all talk we need more like dope so hope we can see a good future
May 17, 2017, 08:11:02 PM
I am interested but will definitely need more information before anything happens on my end.
Completely understandable. Full documentation and investor information (whitepaper) are in the formatting process. Your continued interest is much appreciated and we'll be sure to answer any questions you have along the way.
- Ryan, GI
May 17, 2017, 01:38:11 PM
skyline and Danny, YES! definitely keep your eyes on this one. We support dopecoin 100% completely, and hope to have legit crypto currency for the cannabis community. Our medicine is becoming legal, but the banks still have their hands in it. Let's stop that.
-Dave,
GI Dev
-Dave,
GI Dev
May 17, 2017, 01:15:50 PM
there is alot of these coins and i only know of 1 that is in the works to make real world use and that is dope coin it is low value but going up.. i hope this one can have real world use to.. gonna keep my eye on this see where it goes
May 17, 2017, 12:31:17 PM
I've been checking out potcoin and also dopecoin. This one seems cool too, especially if this coin is excepted in dispensaries and not just online.
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