Cannabis industry token, The CanCoin, will be listed on the KingSwap exchange on 5 October using the ticker $CANNA.
Crypto advisory and blockchain service providers, Technicorum Holdings, and creator of KingSwap, has announced the listing of The CanCoin on the decentralised exchange (DEX), which is developed on DAI Layer-2 technology – allowing for lower transaction fees and faster transaction times.
CanCoin, which aims to resolve friction points in the cannabis industry which affect businesses operating in the sector, has integrated five main technologies, including blockchain, artificial intelligence, smart database, automated incentive tokens and smartphone applications.
Daniel Daboczy, The CanCoin director and CEO at Technicorum Holdings, commented: “We are excited for this next step, where we list the $CANNA token on KingSwap DEX.
“Listing on KingSwap ensures that users will be able to benefit from low transaction fees and fast confirmation times for quick trade execution. The response from the industry has been very positive and the onboarding of companies that will use the $CANNA token as their future currency in their businesses has already started with great results.”
$CANNA, which runs natively on the Binance Smart Chain with BEP-20 and BEP-1155 token standards, will have a total token supply of 420,000,000,000 of which 210,000,000 are currently in circulation.
CanCoin’s listing on further exchanges such as PancakeSwap is expected following 19 October, 2021.