The objectives of the Majato Project are the launch of the legal cannabis production itself and the development of the blockchain platform for all legal participants in the cannabis industry.
Majato Project, the revolutionary blockchain project for the legal cannabis industry, commences the presale of its Majato Tokens (MJT) on December 20, 2017 at 12pm EST. The project goals are launch of own legal cannabis production, with pilot operations in the State of California, USA; development of the smart-contract governed Majato Platform for all legal cannabis industry participants; and integration of the MJT, the Project token, as the uniform payment instrument for all things cannabis.
Majato Platform is designed to become the one-stop platform for all industry participants – from growers to labs to medical experts issuing medical cards to POS to consumers; the Majato Token (MJT) is designed and designated to become the uniform payment instrument for cannabis products first in the U.S., then around the world. One of the key elements of Majato is its own offline legal cannabis production that will be used to ensure that each MJT owner will receive a certain quantity of the Project’s own cannabis for MJT, if that token owner decides to do so.
Mike Tretyak, co-founder and CEO of the Majato Project, notes:
“The idea behind Majato is to go farther than any other blockchain project in the legal cannabis industry. We are proud to say that since Majato will have its own legal production of cannabis, each MJT will be in due time backed by a certain amount of cannabis. That is why MJT owners may be sure that the tokens they own will have real-world value. This is a huge difference when compared to other projects that only create literally virtual platforms, entities or assets backed by nothing except their founders’ ideas.”
The legal cannabis industry has shown tremendous growth throughout recent years, and that trend is very likely to continue. According to Marijuana Business Daily,
“the estimated total demand for marijuana in the United States… is around $45 billion to $50 billion… If the federal government legalized marijuana nationwide, sales might start out at around that level but would likely quickly rise as cannabis gained mainstream acceptance and the market evolved. Eventually, marijuana could top cigarettes and possibly rival even beer in terms of overall sales.”
The Majato Project currently has under its flag prominent international businessmen from the USA, Russia and Germany, and looks forward to adding pros and experts in the legal cannabis industry to its Advisory Board. The core team has successful experience of participation in other blockchain and IT projects, and its members have the required experience and know-how in the U.S. real estate and land use, retail and legal issues.
Key points of the Majato Project token presale:
- Pre-sale start date: December 20, 2017, 12pm EST;
- Accepted currency is Ethereum (ETH);
- Majato Tokens (MJT) will be offered at the price of ETH 0,0011 per MJT, with 10% bonus if purchased during the first 15 days of the presale, and 5% bonus if purchased during the second 15 days of the presale;
- The soft cap for sale is 800,000 MJT;
- The hard cap for sale is 10,000,000 MJT.
For more information: Majato Project
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