Aviachat with the Project Manager of BitCanna

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What inspired the creation of BitCanna ?

Years ago, the cannabis industry faced significant challenges with online payment processing and obtaining credit. BitCanna was created to address these issues by providing a dedicated payment solution for the cannabis sector. Over time, those problems have diminished, but now the major hurdle is the adoption and use of cryptocurrencies. This has become the primary concern. Therefore, we plan to focus the coming years on building a robust community around a genuine Web3 game and the NFT Buddhead community.

What motivated BitCanna’s shift from a payment solution to focusing on creating a cannabis community?

As we mentioned earlier, both the cannabis and cryptocurrency landscapes have evolved. A crypto payment solution is no longer essential for the legal cannabis industry. Our technology is in place and operational; we have developed wallets and created CosmosPay as an open gateway, establishing ourselves as a reference within the Cosmos Ecosystem. Now, our aim is to grow and expand into the non-crypto world as well.

How is the implementation of the burn module and the daily token burn contributing to BitCanna’s new tokenomics strategy?

We recognize that the tokenomics model we adopted when transitioning to the Cosmos Ecosystem is not sustainable indefinitely and represented a significant departure from our previous deflationary model. Our strategy now focuses on decentralizing nodes, curbing inflation, and enhancing the value of the currently issued tokens. The implementation of the burn module and the daily token burn are key components of this approach, as they help manage token supply and support our new economic model.

How do these changes, such as the shutdown of certain validator nodes, promote a healthier ecosystem and decentralization within BitCanna?

These changes will clearly impact decentralization and ensure a fairer distribution of rewards among professional validators. The 8 million unbonded tokens from validators will be locked (vested) for five years and delegated at the discretion of investors. We are also considering reducing the validator set from 100 to 75, and potentially further down to 50. These measures will promote a healthier ecosystem and enhance decentralization within BitCanna.

What new features or functionalities can users expect from BitCanna’s revamped ecosystem focused on gaming and NFTs?

Users can expect a true Web3 experience with no usernames, passwords, or emails—”your keys, your coins.” It will be incredible to see transactions flow seamlessly from the game to the user and vice versa, all recorded on smart contracts on our blockchain. There will be different actors or user roles, one of which will be the NFT token holder, though we still need to define these roles.

What types of games will be available on BitCanna?

We are going to start with “BitCanna Farmer,” where you can experience the two worlds we love most: cannabis and cryptocurrencies. The future is uncertain, who knows? If we succeed, we might even develop a Web3 card game featuring our NFTs!

Will BitCanna Buddheads have a role in these games?

Yes, absolutely. BitCanna Buddheads will have certain advantages over other roles; that’s the idea. Other roles we are considering include those related to marketing campaigns from our investors, users within the Cosmos ecosystem, and more.

Can you tell us about the inspiration behind the creation of the BitCanna Buddheads NFT collection?

We wanted to create a stoned Buddy character that would be part of the Cosmos ecosystem and also a fan of our major investors. Thus, the BitCanna Buddheads were born, featuring references to famous logos and crazy accessories. This RQS article provides a general overview of the relationship between Cannabis and NFTs.

What benefits and utilities do holders of BitCanna Buddheads NFTs receive within the new ecosystem?

Overall, we aim to add real value to the NFTs, enabling holders to do tangible things with them. In the future, we would like to use them not only within the game but also as access keys for discounts and other perks.

What are the key components of the GROW Program and how can users participate?

We can distinguish between two main components of the GROW Program: the “Developers Program” and the “Marketing Program.”
Developers Program: This is focused on creating decentralized applications (dApps). It allows developers to receive grants and rewards for their work, encouraging innovation and development within our ecosystem.
Marketing Program: This aims at developing marketing strategies to boost the game, NFTs, and other related initiatives. It focuses on expanding our reach and engaging the community effectively.
Users can participate by joining the respective programs based on their skills and interests, whether it be through developing dApps or contributing to marketing efforts.

Cosmostation has announced that it will soon cease support for BitCanna on its renowned MintScan explorer due to economic sustainability issues. What is BitCanna’s perspective on this?

It is unfortunate that in recent times, validators and service providers are unable to sustain themselves through passive income from the blockchain networks in which they participate. This Cosmostation decision will not only affect BitCanna but also QuickSilver and Desmos. At BitCanna, we have offered support to Cosmostation by donating dedicated servers from our infrastructure to run their applications, but they have declined. There is not much more we can do at the moment. When the time comes, we will use our classic explorer based on Callisto & Big Dipper from Forbole. Additionally, we have over 10 explorers based on Ping.PUB provided by our valued validators.
This type of inconvenience makes us reconsider whether we should develop our own explorer, incorporating features from the web3 game we are developing and the new smart contracts.

Many thanks for your time and this Interview.