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On July 19, 2018, HempCoin will begin the coin swap. Click here for instructions.


HempCoin (THC)

Revolutionizing the Cannabis, Hemp, Agricultural and
Tobacco industries through decentralized, convenient and safe payments

THC Coin Swap

The THC Coin Swap will begin July 19, 2018. The new THC coin, based on PIVX, will include privacy via Zercoin protocol, instant transactions via SwiftX, and feature masternode capabilities.

Official Swap Instructions

These are the official coin swap instructions.  Members of the THC team will not be contacting you on Discord, Telegram, Twitter, or Facebook to initiate a swap.  Scam artists are currently impersonating members of the THC team and offering to swap community members' coins.  These are attempts to steal your THC.  Do not let them!


  1. SWAP METHOD #1 (Preferred Method): Bittrex Exchange Coin Swap

    The Bittrex swap is the preferred method for swapping your THC.  On July 19, 2018 Bittrex Exchange will conduct an automatic, one-time 1:1 coin swap of Bittrex users' THC balances.

    To participate in the Bittrex Exchange Coin Swap send your THC to your Bittrex Exchange wallet prior to July 19, 2018.  You may withdraw your THC to the new HempCoin wallet once Bittrex completes the swap.  Click here to read the offical Bittrex announcement.
  2. SWAP METHOD #2: Manual Coin Swap

    Send an email to swap@hempcoin.org with HempCoin Swap in the Subject line.  In the body of the email include your current THC wallet address (starts with an H) and an estimate of the total amount of THC in your wallet.  Further instructions will be included in the auto-reply that follows.

What is HempCoin?

HempCoin was one of the first 30 cryptocurrencies developed in 2014. It is a highly focused digital currency based on Bitcoin with improved payments and security features. HempCoin aims at delivering global liquidity to the Agricultural and Farming sectors, as well as a simple and decentralized payments system for medical and recreational Cannabis, Hemp and Tobacco.

Upon inception, HempCoin was the only cryptocurrency for Agriculture, a trillion-dollar trade business worldwide. The vision was and remains for HempCoin to help facilitate transactions between farmers and distributors overseas.

Our Vision

Our vision is to overcome the HempCoin’s key liquidity issues affecting mainstream adoption and increase usability. The HempCoin is embracing trends in payment technology to provide a real-world banking solution for the legal cannabis industry and easy-to-implement alternative payment solutions for the agricultural and farming industries, industrial hemp industry, cannabis dispensaries, and hemp, cannabis, and tobacco-related retailers.

Our Mission

Banks in the U.S. are not accepting legal cash for hemp transactions, largely in part because it is illegal on the federal level. Our mission is to have a cryptocurrency that can be used for online payment systems and peer-to-peer transaction services including Point-of-Sale systems and card terminals. This coin will directly serve the hemp, cannabis, agriculture, and tobacco industries.

The THC Coin Swap

The THC coin swap will occur the third quarter of 2018. The new THC token, based on PIVX, will include privacy via Zerocoin protocol, instant transactions via SwiftX, and feature masternode capabilities. 

The decision to embark on this new direction was one of both want and necessity. With the creation of HempPAY™ and the desire to not only remain competitive but lead the way in the crypto-cannabis sector, the only option was a fork with the outcome being a far superior THC token. 

The new HempCoin is not only an upgrade from the current coin, but the most technologically advanced coin in the cannabis field.


Early 2018 has already proven to be a growth year for HempCoin.
THC hit 100 on CoinMarketCap with a market cap of nearly 160 million USD. 

Coin Specs


Algorithm: XEVAN
Block size: 2 MB
Block Time: 60 Seconds (Re-targeting every block)
Coin Emission Rate: Max. 36 THC per block (Always less due to burnt fees & unused treasury)
Coin Supply Control: ALL transaction & zTHC minting fees are burnt from coin supply.
Max Supply: 300,000,000

RPC Port: 27777
P2P Port: 25777

PoS Stake Eligibility
Minimum Input Age: 60 minutes
Maturity Confirms: 101 confirms
Wallet Status: Requires wallet to be kept running & online.

Transaction Send Eligibility
Minimum Confirm: 6 confirms

SwiftTX Eligibility
1 confirm for locking and 6 confirm to spend.
Collateral held for 15 minutes.

Privacy Technology: Zerocoin Protocol based on libzerocoin (called zTHC)

Key Features: Custom accumulator check-pointing system
Accumulator Encryption: RSA-2048
zTHC Denominators: 1, 5, 10, 50, 100, 500, 1000, 5000
Mint time: >= 0.5 seconds
Spend time: >= 2.5 seconds
Maximum single Spend limit: 35,000 THC
Maximum single Spend denomination count limit: 7
Fees (mint): 0.01 THC per minted zTHC denomination.
Fees (spend): No fee to spend zTHC back to THC.
Minimum THC confirmation count required to mint zTHC: 6 confirmations
Minimum zTHC confirmation count required before spend: 20 confirmations
Maturity requirement before zTHC can be spent: 2 new identical denomination mint added to accumulator

Block Height Reward Coins Minted Circulating Supply POS Reward % MN Reward %
1240,000,000240,000,000240,000,000(Premine)0
2 - 1995990240,000,9902080
200 - 100,000363,592,800243,593,7902080
100,001 - 250,00021.63,239,978.4246,833,768.42165
250,001 - 600,00012.964,535,987.04251,369,755.442165
600,001 - 1,000,0009.073,627,990.93254,997,746.372165
1,000,001 - 1,500,0006.353,174,993.65258,172,740.022165
1,500,001 - 2,000,0003.561,779,996.44259,952,736.462165
2,500,001 - 3,000,0002.841,419,997.16261,372,733.622165
3,000,000 - ∞.00138,627,266.38300,000,0002165

Block Size

2M

Block Time

60 seconds

Block Reward

36 THC

Features

Privacy and Anonymity

Zerocoin Protocol provides anonymity by using THC to mint a completely private coin, zTHC, before being sent to the recipient. The zTHC arrives in the recipient’s wallet as THC without record of origination.

Instant Transactions

HempCoin is able to complete near-instantaneous transactions similar to a credit card without the use of a centralized authority.

Governance and Voting

Decentralized governance, allowing owners of masternodes to vote on proposals. Successful proposals can then be implemented by HempCoins developers.

Budgeting and Treasury

HempCoin uses the masternode system to fund its own development as well as to fund individual projects that perform valuable tasks on the platform.

Masternodes

To add additional security, privacy and transfer options, HempCoin has introduced masternodes. In order to operate a masternode, you will need 50,000 THC coins as collateral. This entry amount will act as collateral and is used to ensure that masternode owners do not attempt to compromise or corrupt the system. There is no limit to the amount of masternodes you can operate, and each masternode is compensated equally.

50000

Collateral (in THC)

80

Current Block Reward %

Staking

Earn rewards for operating a HempCoin node by staking your THC in a running HempCoin wallet.

HempCoin uses a Proof-of-Stake (POS) algorithm to achieve distributed consensus on the HempCoin blockchain.  By staking your coins your wallet, which runs a HempCoin node, is taking part in validating transactions.  Stakers, in return, are rewarded for this service with additional THC.

There are not mandatory minimums for staking THC coins. The only requirement is that the coins are matured and that the wallet holding the coins is unlocked for staking and online. That being said, the amount of coins which you are staking, and the age of the coins in that address work towards determining your probability of receiving a staking reward.

To stake THC:

  1. Open your HempCoin Wallet.
  2. Wait for blockchain to fully synch and ensure blue checkmark in bottom right corner.
  3. Click on the Tools Dropdown and select Unlock Wallet.
  4. Check the box that says For anonimization and staking only and then input your password.
  5. The lock icon should show unlocked now and if we hover over the icon we’ll see that the wallet is unlocked for staking only (this means that to transfer any currency someone would need to input your password again).
  6. Lastly the Staking icon in the bottom right will turn green once all the criteria is met (unlocked wallet, active connections, mature coins).
  7. Your wallet is now staking.

Road Map

Being updated.

Mobirise

HempPay

At HempCoin, our end goal is not just to become a payment option during the purchase of cannabis but a primary payment method. In 2018 we aim to offer three payment methods: HempPAY™ Mobile, HempPAY™ Card and HempPAY™Online.

HempCoin will to work together with dispensaries to create incentives for cannabis buyers to choose cryptocurrency as a form of payment over fiat. With our HempPAY™ Mobile and HempPAY™ Card options.

HempCoin is also working with e-commerce solutions such as WooCommerce, Magento, OpenCart, PrestaShop and OSCommerce to provide customers with the option to pay in THC. 

News and Events

HempCoin is the lanyard sponsor for the Blockchain World Conference
HempCoin ($THC) to be Accepted on Stembis.com: The World’s First Premium Marketplace for the Cannabis Industry

HempCoin ($THC) to be Accepted on Stembis.com: The World’s First Premium Marketplace for the Cannabis Industry

Medium | 10 Jul 2018
GrowPayment, Inc. announced it will accept HempCoin on its e-commerce solution for the cannabis industry, Stembis.com.

Upcoming: HempCoin Masternodes

Upcoming: HempCoin Masternodes

Tom Dumoni | Masternode Buzz | 12 Jul 2018
There is no arguing the fact that a large percentage of food products go to waste before they move from farmers to distributors or final consumers (especially in...

Bitcoinist

3 Altcoin Winners And A Loser For The Week

Jake The Crypto King | Bitcoinist | 14 July 2018
With terms like Bull and Bear being thrown around on a daily basis, it is becoming increasingly obvious. No one truly knows when the trends...

OUR TEAM

Tim Renzetti

Founder & CEO

Aasim Khan

Chief Technical Officer

Romont Johnson

Business Development

Ricky Esneault

Public Relations

Jarrad Williams

Product Development

Filo Lafro

Community Outreach

New HempCoin Wallets

***IMPORTANT***

THE OLD COINS WILL NOT WORK IN THE NEW WALLET.  IF YOU SEND YOUR COINS TO THIS WALLET THEY WILL BE LOST.

MOVE YOUR OLD THC WALLET FOLDER BECAUSE THE NEW WALLET WILL LOAD IN THE SAME FOLDER AND CONTAMINATE.

Do not risk losing the coins in your current wallet.  Please backup your existing wallet in a separate location before installing the new wallet.

Windows Wallet 64-Bit

Mac Wallet 64-Bit

Linux Wallet 64-Bit

Windows Wallet 32-Bit

Click here to download the current THC Wallet.

Social

HempCoin Communities