JuicyFields & GROW FAQ’s; What you need to know
The GROW team is very excited to partner with an entity such as JuicyFields!
We believe that this will be a very complementary and symbiotic partnership for both of us! By combining digital and remote accesses with a pre-existing physical medical cannabis network we aim to bring large-scale expansion to the medical cannabis industry as it exists in its current state. So much potential exists but is contained within multiple jurisdictional barriers as well as technological barriers when in reality one global policy and system would create a much larger, more profitable and beneficial industry for people across the globe. That is what we strive for.
The GROW team has a strong understanding that some users may not be the most experienced blockchain user or cryptocurrency traders. With this in mind, we took a direct interest in ensuring that some basic information relating to cryptocurrencies and blockchain is readily available to all of you. That being said we have also prepared a brief FAQ sheet that contains this information.
Feel free to check it out following the final question at the bottom of this article.
1) What is the benefit for JuicyFields users and how can this token be applied in the JuicyFields ecosystem?
This partnership benefits both projects, a mutual partnership in which Grow provides blockchain benefits and integration to JuicyFields while JuicyFields provides real-world useability and access to the virtual world of blockchain and tokenization. As the partnership evolves, $GROW tokens will be used in the JuicyFields ecosystem to unlock exclusive rewards, discounts, VIP Access and used as a payment method.
2) What is the $GROW token?
The $GROW token is an ERC20 token that will be used in the $GROW ecosystem, the JuicyFields Ecosystem and medical cannabis services across the globe to buy $GROW NFT’s and to pay for medical goods and services among other things.
3) What is GROW HOUSE?
Grow House is the gamified farming service designed and created by the $GROW team. This enables users to farm and $GROW their own medical cannabis plants virtually, with the potential to redeem the finished product for real medical cannabis products and services as well as earn the $GROW ERC20 token.
3) Plant categories will be represented as NFT?
Yes, there will be many types of seed / strains represented as NFT to allow for a range of options to select from as users learn how to use the $GROW.house.
4) Where will the listing take place?
5) The company issuing the Grow tokens is:
MIZ Solutions Ltd, Costa Rica, registration number 4062001264331, Registered Address: San Jose-montes De Oca San Pedro, Los Yoses, Avenida Tres, Frente Al Edificio Santiago Millas, Oficina Dos A, Costa Rica.
6) The company operating the Grow Platform is:
GROW HOUSE LTD, a company incorporated under the laws of Malta, whose registered office is at 2, Spinola Road, St Julians STJ3014, Malta
7) Who is behind your team? Who is the owner? CEO?
Our advisors are:
Branden Hampton as Chief Cannabis Officer at Grow
Danish Chaudhry, CEO at Bitcoin.com Exchange
Eric Benz, CEO at Changelly
8) What is the relation between companies?
$GROW aims at cannabis in a virtual manner, while Juicyfields aims at cannabis in a physical, tangible manner. By partnering and combining services we are able to create a much more secure, decentralized solution to medical cannabis worldwide.
9) What does one piece of LAND produce for users on the Grow platform?
One LAND NFT rewards each user about 204 $GROW daily. $GROW currently has no value and its value is subject to the secondary market on which it is traded.
10) Should we choose between JuicyFields or Grow? Which yields more?
Why choose one over the other? Both $GROW and JuicyFields provide unique experiences and benefits to their users and in doing so can create a mutually beneficial relationship for both sets of users to earn through.
11) Why ERC20?
When using a large supply (more than a few thousand) its typically more efficient to use the ERC20 standard as your token standard. As you can tell the $GROW ERC20 token is used more as utility token on the grow platform to pay for goods and services across the Cannaverse whereas the LAND NFT tokens and SEED + PLANT NFT tokens are a different standard because the use case and supplies are different.
12) Any ETA for AMA? ( JuicyFields + GROW)
Yes, there will be an AMA session with the JuicyFields and GROW teams! We will announce the exact date on our channel! Subscribe not to miss: https://t.me/GROWann
Blockchain technology can be a extremely promising technology to utilize in the current day and age. Does this mean that everyone understands it? No certainly not. This is why we are here to help! This article has been created to help facilitate a higher level of knowledge among our users when it comes to blockchain technology, some basic principles and some simple processes that can help you to navigate more safely and confidently in the crypto space.
Grow is a decentralized cannabis NFT game that uses existing grower networks to create farming and rewards using proprietary blockchain technology. Built for the cannabis industry by medical professionals and crypto pioneers, Grow enables you to cultivate land, redeem NFTs, and build your brand in the cannaverse using $GROW.
JuicyFields is a cannabis crowdgrowing platform that connects would-be investors with licensed producers and distributors around the world. Its business model enables producers to expand operations to make the end-product less expensive, higher quality, and more desirable as an export. With JuicyFields, cannabis entrepreneurs can enter the business with less risk by removing the usual entry barriers for licensing, costs, cultivation and distribution.