We started Paragon to resolve many issues currently faced by the cannabis industry. Blockchain-built smart contract technology is ideally suited to organize, systematize, and bring verification and stability to a traditionally unchecked industry. Even before full legalization there are many opportunities for blockchain and crypto-tokens to enhance the cannabis community and business model. Paragon will use blockchain smart contracts to: • Create an immutable ledger for all industry related data via ParagonChain • Offer payment for industry related services and supplies through ParagonCoin • Establish niche co-working spaces via ParagonSpace • Organize and unite global legalization efforts through ParagonOnline • Bring standardization of licensing, lab testing, transactions, supply chain and ID verification through apps built in ParagonAccelerator
The Paragon model starts with a crypto-token and blockchain technology. It then sets up a network of physical cooperative workspaces where members can work, meet, socialize, and create. This will resolve issues with leases for cannabis-based startups and dispensaries that struggle with finding affordable and suitable locations to house their business. Paragon’s organization also includes online platforms to unite people around the world who are committed to cannabis legalization. Harnessing and focusing this dedicated community will quickly strengthen the legalization movement and is expected to positively influence the demand for and respectively value of Paragon’s cryptocurrency, PRG. Finally, Paragon will actively support and fund blockchain innovation in the cannabis field, such that it increases the use and importance of PRG. Paragon’s business model is both unified and complementary. Each part combines to improve the whole. We will go into depth with each aspect and discuss what it does, how it works, and what makes it unique.
The project team will create a chain of high-tech, fully equipped ParagonCoin Centers in all 20 States where cannabis is legal with the following: - Professional coworking space for cannabis and a creative hub for scientists, journalists, investors, marketers, doctors, developers, fintech specialists, entrepreneurs, startups and lawyers in the cannabis space - Business mentors and advisors - Conference, event, research and educational space for the legalized cannabis industry - Photo/Audio/video studio for product shoots, interviews, podcasts, etc. - Social Club / Café for Paragon Coin Club members - Web and in-app co-working, event, conference reservation system with instant PRG payment - Member dashboard for membership registration, transaction history, networking, scheduling, event lists, etc. - Cafe/snacks menu and simple checkout process with PRG - Specialized Retail services and SPAs with CBD products at a flagship location with PRG payment and tipping (retail of cannabis products at SPAs limited to jurisdictions where such cannabis products are legal)
Aug. 15th 2017
Sept. 15th 2017
Oct. 15th 2017
Nov. 1st 2017
Nov. 15th 2017
Attention. There is a risk that unverified members are not actually members of the team
$13 170 000
$3 376 998
The Paragon Coin claims to provide a complete solution to the marijuana industry without knowing or defining the specific challenges that the industry faces. The CEO seen here had difficulty finding information, so her solution was to ask her husband to get her own private blockchain, and thus, Paragon was born. This unconvincing story can only be spewed from of the mouth of a puppet, through the puppeteer/husband and Chief Creative Officer - Egor Lavrov. We find it hard to believe that a custom private blockchain was spawned just for his wife. The purpose of a blockchain is to have a verified ledger, if she is the only one using it then that defeats the purpose. Otherwise, why not just use an organized excel worksheet?
Purposeful omission of crucial investment details should keep any smart investor away from this company. A questionable amount of money was spent on marketing, which distracts from their real business model that has no commercial viability for the amount they are attempting to raise. Can the Paragon coin be successful? Perhaps, but it is not a coin that we would invest in. It's definitely a hype coin at the moment due to their excessive marketing and the only demand seems to come from unwarranted FOMO. The whole story seems far too suspicious for us.
Paragon is a startup company led by CEO Jessica Versteeg. The company made headlines on the internet on August 10 when it was mentioned by rapper The Game in a tweet, accompanied by a video. The CEO released more information about Paragon and Paragon Coin on August 15, including exactly how the company plans to disrupt the cannabis industry, and how Paragon Coin will be used. Paragon has a detailed roadmap out and it seems to know the cannabis niche very well. A experienced core team in their arsenal, we can take an educated guess that the company has a potential to become a powerhouse of a billion dollar cannabis industry. Only time will tell how the company performs but with celebrities getting involved and their widespread reach. Cannabis is a billion-dollar industry and it only seems like a positive move for it to streamline and make cannabis much more accessible. Paragon is also a part of legal battles to make cannabis legal across the United States and the world by providing the benefits of cannabis. If they succeed, the cannabis industry is going to get bigger and better.
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