What Does Pot Coin Mean?
Pot Coin, or PotCoin is a type of digital or cryptocurrency designed and intended by its creators to be a medium of exchange for the legal cannabis industry. It was launched in January of 2014 (on the 21st at 4:20 PM) by three Canadian entrepreneurs. PotCoin users can conduct transactions anonymously to purchase hemp products, medical cannabis or any other legal marijuana purchase. PotCoin can be used for both online purchases and in-person purchases at actual dispensaries.
In 2017, PotCoin became a proof-of-stake (PoS) system. Holders of this currency and users can earn 5 to 7 percent interest on their PotCoin holdings and transactions.
