Trade Reports

Cannumo: A Cannabis Ecosystem Built on Blockchain

UniFarm is excited to collaborate with Cannumo for the 3rd time, enabling long-term incentives for $CANU token holders.

Users are able to stake their $CANU tokens and farm multiple other tokens as rewards for staying staked in the cohort.

Cannumo has been a great partner with UniFarm all this while. We’ve done a bunch of marketing activities together. The project has joined us for our latest UniFarm Cohort 37. We’d like to tell you more about this amazing project today.

What is Cannumo?

Cannumo is a platform that delivers a rich experience for anyone and everyone who is willing to participate in an ever-growing cannabis industry with zero stress.

The Problem

Even though cannabis is having a time in the spotlight as lawmakers around the world reconsider its legal status, developing a really efficient and modern cannabis economy remains challenging.

Banks and payment gateways are still skeptical of the new industry in nations where cannabis laws have turned to favor legalization, making it practically impossible to launch a cannabis firm.

Furthermore, because of the numerous regulations and legal red tape surrounding the cannabis sector, only wealthy individuals, companies, and funds have been able to participate.

The Solution by Cannumo

Cannumo is democratizing the cannabis sector by giving a sophisticated suite of powerful tools for the next generation of entrepreneurs. It is a global cannabis ecosystem built on blockchain.

Their reason for this is simple:

Everyone should have an equal chance to participate in the expanding cannabis market.

Cannumo’s 3 Approaches to Democratizing the Industry

Cannumo is taking cannabis to new heights with its three-pronged product approaches, combining crypto’s unstoppable technology with its team’s vast digital commerce knowledge, cannabis marketing, and software development.

1. Cannumo GrowFunding

Cannumo GrowFunding is a platform for investing in cannabis growing prospects through crowdfunding. By changing the crowdsale concept to produce a perfect market fit, the GrowFunding model builds on the innovation started by Kickstarter and Real estate crowdfunding platforms.

Before listing and making cannabis initiatives available for investment, the GrowFunding platform does due diligence on them, ensuring their viability. GrowFunding initiatives are open to the public.

2. Cannumo CBD

Cannabis Business Dropshipping is what Cannumo CBD stands for. You may instantly become a Cannumo product seller by using CBD. On the backend, Cannumo handles everything from seed to sale, including laws and licenses. You have to pick your Cannumo white-label products, add your own label, and then use the Cannumo sales plugin to load them onto your platform (Shopify, Opencart, WooCommerce, or any other).

You only have to worry about one component of the process: developing your online brand identity and market. Everything else is handled by Cannumo CBD, including product warehousing, inventory, and shipping.

3. Cannumo Wallet

The Cannumo Wallet is a portable application. You can send and receive transactions using $CANU tokens, a cryptocurrency created specifically for the Cannumo ecosystem, through the Cannumo Wallet app.

People Behind Cannumo

Cannumo was founded by Mykolas Karpičius. He has done tremendous work in the Cannabis industry and made a mark by integrating blockchain into it.

Mykolas Karpičius: Founder & CEO

Mykolas Karpičius has 4 years of experience working in C-level positions leading various teams. He’s been a CMO experience working at the biggest lead generation company in Western Europe. Besides, he also raised over 36M EUR for different projects and managed over 1.5M EUR on digital and offline ads.

The Creative Team of Cannumo

Mykolas Karpičius has brought together a broad group of specialists, ranging from designing experts and team lawyers to marketing evangelists, to form a highly functional synergy of brains to bring their vision to life.

Project Roadmap

Many people have inquired what Cannumo’s future holds, or at the very least, what the plan is. Here are some significant ideas and activities that are yet to take place.

$CANU Token Unlocks the Power of Cannabis

By offering strong tools over a high-throughput blockchain platform, the Cannumo ecosystem unlocks the potential and promise of the cannabis sector.

$CANU, the Cannumo ecosystem’s cryptocurrency token, allows the full chain of Cannumo users to profit from:

  • Exclusive access to deeper product features
  • Lower fees across products (CBD, Wallet, GrowFunding)
  • Token buy & burn
  • Liquidity mining
  • Referral rewards

$CANU was meant to become the cannabis industry’s default virtual currency, similar to how Bitcoin is for the internet, as the gateway cryptocurrency into Cannumo products.

$CANU Token Utility

$CANU is an essential utility coin that is built into the platform’s protocol. In other words, the token is intrinsically linked to the platform rather than being an afterthought.

Within Cannumo’s vast network, there are five primary $CANU use cases.

1. Governance

Cannumo is a cannabis-related decentralized ecosystem. Users propose, vote on, and enact topics that determine Cannumo’s present and future in order to retain decentralization.

Users must have $CANU tokens in their Cannumo Wallet to participate in governance. Above all, this demonstrates that a user has a stake in the ecosystem, often known as vested interests.

2. First Access

Holding $CANU tokens in your Cannumo Wallet is beneficial in multiple ways.

First, when using Cannumo Wallet and other in-network services, you’ll enter a reduced fee schedule.

Second, holders of $CANU tokens have first access to new products, enhanced product features, and investment and retail options.

3. Network Currency

The Cannumo ecosystem is a network that makes it easier to invest in cannabis, start a business, and make payments using $CANU tokens.

4. Staking + Gas

Users can stake $CANU tokens to secure the network, process transactions, and earn staking rewards. Staking is easy and only takes a Cannumo Wallet, $CANU tokens, and a few mouse clicks.

Staking for $CANU tokens is also available on UniFarm. Here, you can earn multiple other tokens by staking $CANU.

5. Liquidity Mining

Adding $CANU coins to decentralized exchanges like Uniswap adds liquidity to the $CANU market. Anyone who supplies $CANU liquidity on those markets also earns rewards.

$CANU Tokenomics

The Cannumo token generation events’ monetary plan, as illustrated in comprehensive sheets:

TokensToken PriceTotal Supply (%)Amount to RaiseFully Diluted Vol. at Different PricesTGE Market Cap at Public Price
Private Round (PreSale)75,000,000$0.0210.8%$1,500,000$13,916,666$225,000
Public Sale20,833,300$0.033.0%$624,999$2,874,999$206,250
Ecosystem Partners60,000,0008.6%
Total695,833,300Total$2,124,999Initial Market Cap:$596,250

Proportional Chart for the Whole Token Supply

Tokens on TGEPrivate Round7,500,000
Public Sale6,874,989
Liquidity/LP & Staking Incentives4,000,000

Earn Other Tokens by Staking $CANU

For those who wish to earn high yields on their investments and diversify their portfolio at the same time, UniFarm is the best bet in all forms.

There are several examples of users who’ve earned staggering returns by investing small in UniFarm.

What Do You Need to Do?

For the tokens you’ve purchased using a decentralized exchange, you need to transfer those tokens to your MetaMask wallet and stake those tokens in UniFarm.

You will earn a minimum of 36% APY which can go up to 250% APY maximum, which is a win-win for investors.

You can follow this How to Stake guide to learn the staking process.

UniFarm is a one-of-a-kind staking solution where the best projects in DeFi space come together to provide value to investors. UniFarm allows you to stake one token but earn multiple high-value tokens, so in addition to a great APY, your returns are automatically diversified as well.

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