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).
