Operating in the segment of regenerative agriculture and sustainable cultivation through cannabis, the Kanna Coin (KNN) utility token brings exclusive benefits to its holders in its decentralized application. The Kanna ecosystem makes it possible to monitor and evaluate partner crops, prioritizing practices from the environmental, social and governance (ESG) agenda.
The KNN token is the means to interact with these exclusive benefits and opportunities. Want to know more about Kanna Coin (KNN)? Read on for a complete x-ray of the token.
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What is Kanna’s mission?
Kanna is a community that encourages sustainable practices and regenerative agriculture through a platform that audits the cannabis production chain.
The company supports initiatives in the cannabis segment, since the plant has a high potential for improving soils and removing CO2 from the atmosphere, creating products that raise awareness among growers and interested people about the benefits the species can bring to society.
Community members use KNN tokens to act in the process of validating the information provided by cannabis growers, the result being a certificate that confers reliability and transparency on growers’ activities, promoting integrity and sustainability in the sector.
What is the Kanna Coin or KNN Token?
The KNN token is the utility token that guarantees participation in the Kanna community. With it, members can take part in crop auditing processes, follow the progress of producers and have access to the benefits of the ecosystem.
The digital asset can be used to access benefits such as digital collectibles (NFTs), exclusive content channels in the community, discounts in the partner network, participation in events, among others.
Through the use of blockchain technology, Kanna provides a digital product that guarantees transparency, traceability and immutability in the auditing and governance process of cannabis cultivation operations.
What is the KNN token for?
The main function of the Kanna Coin (KNN) token is to provide a means of secure access to crop validations and exclusive community benefits, acting as a gateway to its ecosystem. This includes communication rooms for holders, discounts on the partner network, certificates in the format of non-fungible tokens (NFT), among others. In addition, it serves as the main means of interaction to access Kanna’s platform: https://dapp.kannacoin.io/.
Kanna’s ecosystem also incorporates functionalities into its platform, allowing holders to obtain ecosystem assets by participating in activities that add value to the community, such as design, software development, communication and document auditing.
However, as a utility token, KNN offers the ability to carry out transactions without the need for intermediaries or external interventions. This means that holders of the KNN token have the flexibility to exchange it for digital assets or fiat currencies on exchanges that have the asset listed.
In short, the Kanna Coin is a utility token whose value fluctuates according to supply and demand in the constantly evolving market.
What are the benefits of the KNN token?
In addition to supporting regenerative cultivation practices based on cannabis and supporting sustainable initiatives, holders of Kanna Coin (KNN) have exclusive functions and access to the decentralized app https://dapp.kannacoin.io.
Among the benefits mentioned in the project’s publicity material, we highlight:
- Discounts on the Kanna ecosystem partner network using exclusive coupons for token holders.
- Certificates (badges) and collectibles from the Kanna community in the form of non-fungible tokens (NFT).
- Access to closed channels in official Discord groups, including permissions such as moderation, sending links and attachments, among others.
- Participation in live streams and face-to-face community events, using KNN tokens as a ticket to access debates for holders.
- Active participation in the crop validation process on the platform, with the possibility of following up and even being rewarded for validating producers’ documents.
- Giveaways and various prizes exclusively for token holders.
How to use the token?
To enjoy all the advantages and features offered by the KNN token, it is essential that users connect their digital wallet to the platform. The wallet plays a crucial role in interacting with KNN and carrying out secure transactions.
The digital wallet acts as a secure interface between you and the world of cryptocurrencies, guaranteeing the security and authentication of your transactions. To establish this connection, simply visit: https://dapp.kannacoin.io/, click on the “connect wallet” button and follow the steps on your device. Once your KNN tokens have been validated, you are ready to interact with all the platform’s features.
In addition, members who have KNN in their wallets also have the opportunity to validate their wallet in the Discord tool, which serves as a medium for exchanges and discussions in the community. To validate your entry into the restricted channels, simply go to the “holder-verification” channel on Kanna’s Discord. This will grant you Member and/or Prime Member permissions, as well as access to exclusive channels. Kanna members who hold the KNN token can enjoy various permissions, such as moderation, mentioning other members, sending links and attachments in channels, among other benefits.
So if you want to be part of the KNN ecosystem and make the most of its resources, make sure you connect your wallet to the platform and to Discord. This simple step will open the door to a host of possibilities and interactions on the web3.
Why does the token use Blockchain technology?
Kanna’s cultivation certifications are registered on the blockchain with the aim of providing reliability and transparency to producers’ activities. This promotes integrity and sustainability in the sector, strengthening the regulatory aspects of the market.
Kanna Coin (KNN) is registered on the Ethereum blockchain, the oldest and most secure network dedicated to smart contracts. The ERC-20 standard offers transparency and allows any user to independently verify the issuance rules, including the maximum token limit.
This mechanism governs Kanna’s digital assets, where the rules for transferring and approving transactions are predefined. The project uses Gnosis-Safe’s multisig mechanism to further strengthen security.
To optimize registration costs on the Ethereum blockchain, the project chose to integrate the Polygon network, maintaining agility without compromising the level of security.
Tokenomics / Supply and Rules
Currently, around 800,000 tokens are in circulation and available for use by holders. These tokens can be used to access the ecosystem and take advantage of the platform’s benefits. To find out more about the current benefits, visit: https://kanna.gitbook.io/paper/produtos/token-knn.
KNN is designed to have a limited stock set up in its technology, reinforcing the scarcity that fosters a sense of community in participants. This scarcity brings a deflationary layer to the asset, because as demand for the token grows, the price of the asset can rise as a consequence.
Token characteristics:
- Name: Kanna Coin
- Abbreviation: KNN
- Type: ERC-20
- Max Supply: 19MM
- Networks: Ethereum, Polygon
- Circulate Supply: Around 800,000 (October 2023)
Kanna is part of an innovation ecosystem that benefits from an economy generated through the Kanna token (KNN) and its community, which is already well-known in the Brazilian blockchain and cannabis market, as well as being part of a select group of companies called ReFi, regenerative finance.
The company also has special mechanisms for distributing tokens to private investors and the market’s main stakeholders, respecting a release curve that advances as the ecosystem develops.
KNN Token as a means for Producer Certification?
The Kanna Platform carries out validations and audits, certifying and encouraging cannabis producers to adopt sustainable practices in their production chain.
Producers provide the necessary information on the cannabis regulation and production process, while token holders act as a verifier, attesting to the quality of the information and validating the veracity of the data
The auditing processes are decentralized, since the community of holders itself can take part in the verification activities, using KNN tokens in accordance with the regulations for each process, and at the end of the audit the producers receive a score that evaluates their project on the environmental (E), social (S) and governance (G) criteria.
Kanna cultivation certifications are stored on the blockchain in order to provide reliability and transparency to producers’ activities, promoting integrity and sustainability in the sector and boosting the regulatory aspects of the market.
What team is behind the project?
Kanna’s team is made up of senior professionals from different markets who have the right skills to carry out the project. These professionals have already helped to grow and manage several businesses in Technology, Financial Projects, Cannabis, Blockchain, etc….
Luís Quintanilha – CEO & Founder – Strategist specializing in Growth & Innovation for over 12 years in the digital market, he was CMO & Partner at Gama Academy, a school that trains talent for the digital market. Ex-BRF, Vindi and Gama. He has the role of bringing innovation and positioning the company in the crypto ecosystem, bringing resources and is also responsible for making the areas move in the same direction, being the main interface of the market with Kanna’s leadership team.
Natália Garcia – COO & Co-founder – Specialist with over 10 years’ experience working with operations, products, business, startups, team leadership and innovation. Ex-Itaú, Gama and Foxbit. Its role is to take care of all the regulatory, compliance and carbon credit certification operations.
The Tech Team of Kanna is also part of the founding team, made up of a head of product who has led and structured technology projects for large fintechs in the country, Raphael Galassi, and two senior software engineers who have a high level of delivery, documentation, architecture and information security, as well as extensive experience in the area, of at least 10 years each, Dash and Rodrigo Azevedo. This is the team responsible for creating our entire on- and off-chain technological infrastructure.
Kanna has called in partners and key people who are among the greatest authorities in their fields, to help with market penetration, strategic advice and the fostering of key connections for its development. Robson Harada is CMO of Mercado Bitcoin and founder of alma DAO, Gastón Lepera led the 30-year bill for the regulation of cannabis in Uruguay, also helped in Paraguay, Chile, Rio Grande do Norte and Pernambuco and Jean Marc, post-professor of environmental law at IBMEC and Head of new technologies and ESG at Lima Feigelson, Emílio Figueiredo and Ricardo Nemer, leading lawyers in Cannabis Law in Brazil and founders of the Legal Network for Drug Policy Reform, Sinapse Social, Kanna’s Web3 Advisor Isac Honorato, CEO of Cointomes.
What can we expect for the future of Kanna?
Kanna’s journey has been marked by notable achievements on its roadmap. Since its launch, Kanna’s dedicated team and community have been working hard to achieve and even exceed their roadmap goals.
Kanna’s roadmap is a strategic guide that outlines the milestones and goals the team plans to achieve over time. Below are the deliveries made for the development of the project and the next steps:
Challenges and Objectives already delivered by Kanna in 1 year
✅ Kanna launch
✅ Developing and auditing smart contracts
✅ Building the dApp and pre-selling KNN tokens
Bridge to the Polygon network (MATIC)
✅ First Kanna NFTs
✅ CEX listing (Bitcoin Market)
Registration of the ecosystem’s first crops.
Challenges the company is currently working on
🛠 Release of cultivation assessment to community
Community participation in the evaluation of crops in the Kanna ecosystem.
🛠 DEX listing
The KNN token will be listed on a decentralized brokerage, starting a liquidity pool for the asset.
Future challenges of the project
🕗 Expansion of crops in the Kanna ecosystem
Increase in partner crops registered in the Kanna ecosystem.
🕗 Carbon protocol and methodological certification
Certification of the Kanna methodology and creation of the carbon credit certification protocol.
🕗 Kanna carbon token
Launch of Kanna’s carbon offset token originating from the Company’s protocol.
This evolution and vision of the future has not only strengthened Kanna’s position in the market, but has also made it an attractive choice for investors and cryptocurrency enthusiasts. With a committed team, a solid vision and a good record of achievement, Kanna continues to surprise as it advances along its development path
How to buy Kanna Coins (KNN)?
The Kanna Coin (KNN) token operates in a decentralized manner, independent of any central entity, including its issuing company, and can therefore be traded and transacted freely. However, in order to purchase KNN tokens safely, it is recommended to use duly registered exchanges or make the purchase via the Kanna website.
If you have already opened your MB account, the purchase process is simple and quick:
- Make a transfer (TED or PIX) to the MB bank account. You will receive instructions when you click on “Deposit” on the website or app.
- Once your deposit has been validated, select the cryptocurrency “Kanna Coin” in the left-hand sidebar.
- Click on “Buy and Sell” and define the amount to be used for the purchase.
- To finish, click on the “Buy Now” button and confirm the deal.
If you already have a wallet, you can choose to buy directly from the Kanna platform, where tokens can be purchased using a crypto wallet, paying with ETH (Ethereum) or even without a wallet, making a purchase via Pix and reserving KNN tokens to redeem for a wallet in the future.
On the platform, you pay for the tokens with Pix, ether or matic, and you can enter a crypto wallet or not. If you make the purchase without using a wallet, your KNN tokens are reserved for you to redeem them for a wallet whenever you want.
Token storage
To store and move the Kanna Coin (KNN) token, you must have a cryptocurrency wallet compatible with the Ethereum network. This includes smartphone apps, computer programs and physical devices.
The basic operation of digital wallets is similar to conventional banking apps. Through them, you can get your address on the blockchain to receive coins, make transfers and check your balances.
If you have bought tokens on MB, you can keep your tokens on the Bitcoin Market (MB). However, it is important to note that in order to take advantage of the features offered by Kanna, it is necessary to use the exclusive application offered by the broadcasting company.
Is buying KNN safe?
From a technological point of view, we can say that the Kanna Coin (KNN) utility token offers an adequate level of security due to its integration with the Ethereum network, which has a network of independent validators and uses cryptography to protect transactions.
Another aspect that increases confidence in the security of the Kanna Coin (KNN) token is the transparency of the issuance rules, which are registered in the smart contracts of the Ethereum network. To guarantee the integrity of the contracts, Kanna used the services of Coinfabrik, a leading auditing firm.
However, it is important to note that, like other cryptocurrencies, there is no guarantee of return or promise of appreciation.
Risks
First of all, it is crucial that investors understand that digital assets can experience significant fluctuations in value. These fluctuations can be attributed to various factors, such as uncertainty about adoption, growth potential and competition in a market that is still in its early stages.
It is therefore the investor’s responsibility to assess the risks associated with utility tokens such as Kanna Coin (KNN) before making any investment decision. These risks cover not only aspects related to the project, but also possible failures in the execution of smart contracts, governance issues and the relationship with Kanna’s partners and the community. In other words, the responsibility for this evaluation lies solely with the Kanna Coin project.
Conclusion
As we come to the end of this article, it is clear that Kanna Coin (KNN) is not just another digital token, but a project that seeks to make a difference in the world. With its innovative approach that combines blockchain technology and sustainable agriculture, Kanna is leading the way for responsible practices in the cannabis industry.
KNN token holders play a crucial role in validating and certifying producers, promoting integrity and sustainability. However, it is important to remember that, as with any investment, there are risks involved. But for those who share Kanna’s vision and are looking for an investment opportunity with a positive impact, the future looks promising.
Kanna is building a legacy that goes beyond the boundaries of cryptocurrency, contributing to a greener and more conscious world.
