WeedCoin Market Making Asset (WMM)

rdyoung 2016-01-02 19:56:47 UTC #1

WMM will provide market and price support for select coins aiming to fill the needs of legalized cannabis around the world. This support will be provided by arbitrage/HFT as well as holding coins in a staking wallet. 50% of invested funds will be used to purchase coins to stake with the remaining 50% going to arbitrage/hft.

The first coins to be supported are POT, DOPE and CCN
Others will be supported in the future as I reach out to more devs/communities and see who wants to be a part of it.
My ultimate goal is to emulate supernet and create a federation of weedcoins.

Earnings/Reinvestment:50% of earnings will be paid out in the form of dividends on a monthly schedule that coincides with ABC and LGS. The remaining 50% will be used to acquire more coins to stake and trade.

Pricing/Crowdsale: Each coin is priced at 0.005btc and is non divisible. Send 0.005btc per coin to akFUczEPJbUVjDQwn2X5vhRrAD3kiaXhG4K
As usually we will pickup the tx fee for issuance. WMM will also be available @ coloredcoin.io and on GHXchange shortly.

You can view the asset listing here
https://www.coinprism.info/asset/AbmcdyoNxhCha5axJvErE3yskxJxiGUkXc

Staking addresses
Cannacoin= CW6ug5dvHFL8WYxHhtQwuBrzsTLrMYE9MK
Dopecoin= 4NpFaj6mq9hfuRvUs9qxbw875NUUVCwspB
Potcoin = PHhbrq7KCdUrLoUZ1sVwPpv5f5aoyT78kp

As a New Years and New asset Celebration I am giving away 5 WMM to the person who comes up with a better name as chosen by the community.

Lahroon 2016-01-02 21:22:34 UTC #2

Market Baking Asset

Tech2K 2016-01-02 23:58:30 UTC #3

Hash Coin

Tech2K 2016-01-03 00:02:16 UTC #4

Half Baked Coin is my 2nd suggestion.

mharter 2016-01-03 00:52:43 UTC #5

The Mr. Nice Guy Coalition. MNGC

BoB 2016-01-03 09:27:45 UTC #6

Am I right in assuming that that's a Howard Marks reference?

mharter 2016-01-03 10:54:43 UTC #7

Half Baked reference.

BoB 2016-01-03 12:10:40 UTC #8

Ah okay, not familiar with Half Baked - you should have a read about Howard Marks aka Mr Nice, an Oxford educated chap who became Britain's biggest drug smuggler, did time in American pen, British jail, even Spanish.

He organised shipments from Pakistan, via Afghanistan, worked with spy agencies, the works.

Yet he's just a really pleasant layed back guy who got on with everyone. Bit of a legend over here

mharter 2016-01-03 14:07:39 UTC #9

This could very well be where the movie got the Mr. Nice Guy reference. It's a good cult stoner flick, got some good quotable lines and it got Willie Nelson in it!

rdyoung 2016-01-03 23:06:02 UTC #10

Updated the OP to add addresses for POT and CCN. DOPE will be added shortly.

The names thus far have definitely been creative, however I am looking for a more professional name. Cannabis Coin Market Making Asset or something. If we could find a name that walks the line between half baked and wall street that would work.

rdyoung 2016-01-04 20:00:40 UTC #11

Crowdsale processed. 2 WMM on their way.
https://www.coinprism.info/tx/efe645b02a484e90d75fc4176179c73ca6e28400557db28a9e1b3d788e6090ba

cyberdexter 2016-01-05 02:57:16 UTC #12

Tech2K 2016-01-05 04:07:56 UTC #13

Cannabis Collaboration Coin

Bishop81 2016-01-20 15:26:29 UTC #14

Are you still processing crowdsale purchases?

Tech2K 2016-01-21 03:32:46 UTC #15

Interested as well.

Bishop81 2016-01-25 16:14:13 UTC #16

@rdyoung Will the crowdsale assets be distributed before or after the dividend payouts go out?

rdyoung 2016-01-25 19:37:24 UTC #17

I will process the crowdsale now.

I have been busy as of late and have been unable to dedicate the time to these assets.
Expect a few posts from me later today/tonight in various threads.

Dividends for WMM may or may not happen on the normal schedule for this month. We have very few coins in circulation at the moment. This is partially due to me not promoting it hard enough. I plan on listing WMM and LGS on cc.io and starting a new round of promotion for the store and colored coins in general.

Crowdsale Processed
https://www.coinprism.info/tx/296a01c03f95a1592bedb68c2f882232af99f5e602e1dc298fdcb58c3842ef0c

Bishop81 2016-01-25 19:46:31 UTC #18

No worries. Thanks!