Alkiades David (Alkiviades David), a billionaire from Greece who owns a Swiss consortium, announced the launch of the SWX Coin token provided by cannabis.
According to a press release, Swissx Bank of Cannabis, a consortium created by a consortium, whose headquarters are located in Gstaad (Switzerland) and in an unnamed Caribbean country, will manage the token.
The token is created and functions on the basis of Bitcoin, and its price is tied to the average price of a premium hemp flower.
At first, the token will be paid as a reward to farmers-members of the Swissx Hemp Farmers Cooperative who grow hemp. They will at any time be able to exchange the asset for cash at the headquarters of the bank. In the future, Swissx plans to make the token a “turnkey solution” for the entire cannabis sector. It will be a tool to allow transactions to be carried out safely and transparently.
Swissx Bank of Cannabis initially supported Swissx Cherry Wine and Donald Trump premium cannabis seeds for $ 750 million and $ 250 million in Swiss francs. The press release highlights the fact that Swissx Bank of Cannabis and SWX Coin use modern quantum computers D-Wave Technology to create a faster and safer ecosystem.
The statement says that the legal cannabis industry is expanding at a fast pace. According to experts, by 2023 the business of growing marijuana in the United States alone will reach $ 23 billion.