Cannabium is a cannabis extract marketplace. On the platform, users are allowed to invest in the cannabis extract industry by purchasing a token that is backed by 10mg of 99%+ pure CDB (cannabidiol), which is a non-psychoactive substance used to produce medical marijuana products. Using the blockchain technology, Cannabium provides a direct link between the investor and the cannabis producer and keeps the value in CNAB.
The CNAB token is an Ethereum-based (ERC-20) cryptocurrency. It is the token that fuels the platform as it will represent a share of the company in a form of CDB tokens. This tokens will be the investment tool for the users on Cannabium and will be tradeable on external exchanges.
Cannabium ICO will begin on January 11, 2019. The ICO token supply represents 65% of the total token supply, so there is a total of 479,700,000 CNAB tokens available, for 0.08 USD each. The ICO funding target is 3,000,000 USD, the funding cap is 24,000,000 USD and is expected to end on February 19, 2019 or when the funding cap is reached.
Token Reserve Split (35%):
Cannabium ICO campaign features the following bonus structure: