KUSH CARDZCannabis Cryptocollectibles Securing Strain Genetic Freedom

KushCards are part of a family of Digital Assets that have exploded into public use over the past year called Crypto-Collectibles. KushCards will leverage the ideal behind the ERC721 Non-Fungible Token (NFT) Standard and use this token operating procedure to maintain a public database that will protect existing cannabis genetics and strain history from being patented by shadowy transnational agricultural conglomerates.

Every KushCoin token is unique, with metadata attached to the asset along with singular ownership that is freely transferable. Each KushCoin token intrinsically represents a single strain of cannabis. Each strain’s token will have MetaData stored and accessible through IPFS (and eventually Swarm) related to the plants’ genomic sequence if that is available.

KUSH CARDZ

THE COIN MECHANICS

If you purchase a strain’s token, you own it – no-one else can own the token unless they are willing to pay you more than the price you originally paid for the contract. The value appreciation of a strain’s token is hard-coded into the governing smart contract. At a price between 0.01 PUFFS and 2.5 PUFFS, the value returned to the token owner when purchased is 2X what they purchased it for. Between 2.5 and 17.5 PUFFS in value, this magnification is set to 1.5X, between 17.5 and 50 PUFFS, this drops to 1.35X, and finally to 1.25X the purchased price for all values above 50 PUFFS. All strains are launched by the KushCard development group, and will each launch with an initial price of 0.01 PUFFS, except for the token “CANNABIS” which will remain the property of the KushCard development group until a user is prepared to remunerate the 1,000,000 PUFFS premium we have set for this KushCard in particular.

KushCard collectibles are organized in a hierarchy. When cards lower in this stratification are traded, cards higher up will each earn 1% of the trade. The structure of the KushCard echelon is pyramidal, with the “CANNABIS” apex card overseeing the “LANDRACE GENESIS” level, which are regional representations where the respective “landrace strains” originated from.

Each region is directly above, in hierarchical status, the GEN0 level, which features these landrace strains themselves. Landrace strains are cannabis strains that have developed, inbred and adapted over centuries in very specific geographical locations, evolving unique characteristics to better survive in their distinct climates. In other words, landrace strains are “indigenous cannabis plants”.

While some landrace strains are traditionally cultivated to make unique types of hashish or cultural expressions of cannabis products, others simply grow wild in their respective countries. For example, native cannabis plants found in the Kush Mountain region are quite different than the native, wild plants found in Thailand. Plants from both of these regions will also be quite different from the phenotypes abundant in northern and central Africa. Cannabis grown consistently in the mountains of British Columbia, Canada produce different genetic compositions than those grown in Kashmir or the lowlands in Jamaica. These inherited traits will carry through to the hybridized strains that are descended from these Landrace Strains.

The next tier down, GEN1, features dominant strains descended directly from landrace origins, strains that have become family lead cultivars within their own right, and strains which have won major awards (The Cannabis Cup, the Tokers Bowl, and the Stony Awards winners, for example.)

The GEN2 tier will feature all other representative cultivars, grouped into their dominant line of ancestry, as well as otherwise unrepresented strains whose genetic profiles have been recorded by the Open Cannabis Project‘s participatory laboratories. KushCards will also feature the opportunity for users to purchase tokenization for strains that are not otherwise expressed, with rights to ownership directly from the KushCard development group upon release, which will be set into their respective ancestral phenotypes as best as possible within GEN2.

Below these levels of cultivars and strains, in order to encourage a strong user-base and connection to the history and culture of cannabis, the “specialized tokens” forming the lowest three levels of the KushCard hierarchial architecture will consist of I-FAMOUS STONERSII-CHILL TUNES, and III-PSYCHEDELIC PIXELS.

Users can submit famous potheads and cannabis industry bigwigs which will be represented and honored for their contributions to cannabis culture and science. Metadata can lead to biographies, facebook presences, or video clips by the tokenized celebrity. For example, a token for Cheech Marin might lead to his biography, a token for comedian Reggie Watts might lead to video clips of his performances, or a token for Bob Marley or Cypress Hill might lead to playlists.

Likewise, tokens released under the Chill Tunes row, below the Famous Stoners level, can enshrine albums and songs that users rank as the best tunes to listen to when getting high. Finally, the lower level, can feature digital art inspired by cannabis or psychedelic usage, user-submitted art, et cetera.

Users requesting token inclusion at these levels will pay a one-time listing fee listed in KUSHcoins, the internal (pseudo-minable) dApp token which will be responsible for the initial metadata included with the token. Updates to this metadata will be maintained by the KushCard development group, at a rate of 5 PUFFS per entry adjustment. Users submitting tokens for inclusion in the lower three levels may choose in which upstream they wish their token to be listed in, as well as the initial owned price of the token. When the token is issued, they will purchase the token for 100% of their initial price.

Price appreciation for “specialized tokens” will occur at specialized rates. FAMOUS STONERS will appreciate at a rate of 1.5X the purchase price. CHILL TUNES will appreciate 3X with every purchase, and PSYCHEDELIC PIXEL tokens will increase in value 2X with each purchase. This process will be handled personally by the KushCard development group, with the desire to introduce automation of this process through smart contract interaction. Being ERC721 compliant assets, these tokens will be displayable in a user’s Citizen-owned space within the PUFFScoin hosted Marijuanopolis as well.

diagram of hierarchical status in KushCard ecosystem:

1.CANNABIS (1)
2.LANDRACE REGIONS (13)
3.GEN0 (LANDRACE STRAINS)
4.GEN1
5.GEN2
6.I-FAMOUS STONERS
7.II-CHILL TUNES
8.III-PSYCHEDELIC PIXELS

As strain tokens are sold, “taxes” of 1% are sent upstream to each “parent token” in direct lineage to the levels above the position of the strain or specialized token. For instance, any time a CHILL TUNES token is purchased, the upstream line of token address owners receive a 1% tax. If the sale is a GEN1 token or above, the tax received by upstream token owners is 2%. A further 1% tax is set towards the wallet set aside for the Open Cannabis Project as the “base wallet”. As owners of the apex “CANNABIS” token, the KushCard development group will also gain 1% from every sale of a strain or specialized token. These funds will be used for project development and expansion, and expenditures from this fund will be related in a fully transparent manner through the KushCards official website. Likewise, funds raised through the initial sale of strain tokens (at 0.01 PUFFS) and of specialty tokens (at user-defined initial prices), will be used to fund project development and extendability.

KushCards will be available at the KushCard Krossroads, our official Marketplace.

PRICING SCHEDULE

The formula for the next price is calculated as 91x/100=y. The individual 1% tax payment is calculated as x-y/9. All prices are in PUFFS.

Rate Algorithm Sale Price Next Price Owner Remittance Total Taxes(9%) Individual Taxes(1%)
Release(0) 2.0X 200x/91 0.01000000 0.02197802 0.02000000 0.00197820 0.00021980
1 2.0X 200x/91 0.02197802 0.04830373 0.04395604 0.00434733 0.00048303
2 2.0X 200x/91 0.04830373 0.10616204 0.09660746 0.00945458 0.00105050
3 2.0X 200x/91 0.10616204 0.23332317 0.21232408 0.02099909 0.00233323
4 2.0X 200x/91 0.23332317 0.51279818 0.46664634 0.04615184 0.00512798
5 2.0X 200x/91 0.51279818 1.12702896 1.02559636 0.09230367 0.01025596
6 2.0X 200x/91 1.12702896 2.47698672 2.25405972 0.22289100 0.02476566
7 1.5X 150x/91 2.47698672 4.08294514 3.71548008 0.36746506 0.04082945
8 1.5X 150x/91 4.08294514 6.73012935 6.12441771 0.60571164 0.06730129
9 1.5X 150x/91 6.73012935 11.09361980 10.09519402 0.99842578 0.11093619
10 1.5X 150x/91 11.09361980 18.28618648 16.64042970 1.64575678 0.18286186
11 1.35 135x/91 18.28618648 27.12785906 24.68635174 2.44150732 0.27127859
12 1.35 135x/91 27.12785906 40.24462607 36.62260973 3.62201634 0.40244626
13 1.25X 125x/91 40.24462607 53.06983657 50.30578258 2.76405399 0.30711711
14 1.25X 125x/91 53.06983657 69.98220207 66.33729571 3.64490636 0.40498959
15 1.25X 125x/91 69.98220207 92.28422251 87.47775258 4.80646993 0.53405221
16 1.25X 125x/91 92.28422251 121.69348023 115.35527814 6.33820209 0.70424467
17 1.25X 125x/91 121.69348023 160.47491898 152.11685029 8.35806869 0.92867429
18 1.25X 125x/91 160.47491898 211.61527778 200.59364873 11.02162905 1.22462545
19 1.25X 125x/91 211.61527778 279.05311135 264.51909723 14.53401412 1.61489045
20 1.25X 125x/91 279.05311135 367.98212777 348.81638919 19.16488851 2.12943205

THE OPEN CANNABIS PROJECT

The Open Cannabis Project (OCP) is a non-profit society which is concerned with perpetuating a transparent and uncensored community database related to cannabis data, with the hope of their project expanding into an archive of all existing cannabis varieties. This is to establish “evidence of prior art”. Prior Art is used in patent law and constitues all information that is public in any form before a given date in which a patent is applied for, which may affect the patent’s claim to originality. The use of prior art can withhold large agricultural multi-national corporations from holding utility patents which cover protected rights to full categories of cannabis, not just single varieties.

The OCP initiated a database on cannabis strain genetic properties, with several genome testing laboratories agreeing to participate, including Phylos Bioscience(Portland,OR), The Kane Lab (Boulder,CO), Steep Hill Labs (Berkeley,CA) and Marigene (FortCollins,CO). THe database is currently held at the National Center for Biotechnology Information (NCBI), a subsiduary of the US Department of Health and Human Service’s National Institute of Health.

With the monumental swings of governmental opinion towards the efficacy of therapeutic use of cannabis in the United States hinging upon whatever administration holds office at any given time, and given the instability of the current political climate in the United States, there is little to prevent any administration to remove the OCP data, or any other cannabis metadata, from federal servers.

Also considering that current US Attorney General Jeff Sessions has been very open for decades his bias against cannabis and the idea it may have medicinal value, and has acted to delimit and create a biased body of research that skews toward detrimental effects of cannabis, maintaining an independent and unsuppressable database will allow for an endurable resource that is free from any gonvernment intervention.

Storing the genetic and related data for the OCP database on the PUFFScoin blockchain, and ensuring the consistent availablity and immutability of the database, makes sense in the long run. By popularizing the application maintaining the database, and tokenizing each strain, we will create a user-friendly access to the strain information and genetic heritage of existing cannabis varieties.

The very real threat of cannabis utility patents has already begun to emerge. A California-based company called BioTech Institute LLC had begun registering patents on the cannabis plant as early as 2013. Three utility patents have already been granted, and several more by this company are in the works. These patents claim ownership to not only whole lines of cannabis, but also research into terpenes and contingent alkaloids that make up the cannabis genetic profile. Utility patents are very strict, as history documented between Monsanto and its genetically modified seed stock with farmers and agriculturalists. The potential looms that anyone who comes in contact with the patented strains or termene profiles could be levied licensing fees: growers and shops, of course, but also anyone looking to breed new varieties or conduct research. royalty, they can’t use the seeds produced by the plants they grow. They can only buy more patented seeds.

Cryptographically signed assetization of cannabis strains, assigning a value to the stewardship of the genetic information of each strain, will help incentivize the inclusion and maintainence of the heredity of cannabis strains. By assigning a tax receipt for the project wallet maintained by the Open Cannabis Project, we can also directly contribute to assisting in building and maintaining the infrastructure needed to safeguard the cannabis genome from corporate greed.