POT

Overview

Payment facilitator in the legal cannabis market.

Description

Potcoin is a digital cryptocurrency aimed to empower, secure, and facilitate the Cannabis community, medicinal and recreational alike.

The tagline for Potcoin goes as the following:

“On every level of the Cannabis, Hemp and financial industries, our users and supporters can entrust Potcoin to extend credibility, stability, and security to this exponentially growing market and community.”

It is based on the Proof of Work Scrypt algorithm with a total maximum supply of 420 million coins. Potcoin supports wallet software on most major platforms, including Windows, Mac, Linux, and Android. It also has a web wallet.

Team

Potcoin was formed by three Canadian developers, however, they disbanded and the project was taken over by a group known as PotLabs, who was responsible for helping develop the coin in the first place. The fact that there is not a dedicated named team pushing this project is a concern.

Our Opinion

POT is, without doubt, a high-risk project. Although it was the first cryptocurrency in the legal cannabis market, adoption has been difficult. But saying that POT is one of the last men standing. Although there is not a dedicated team, there is a big community that supports its objective. POT does have huge potential, but it doesn’t come without significant risk, which is why we have rated it a 9. The price is 1% of its high, so it certainly has potential.