Paragon is blockchain based platform that uses smart contracts to bring solutions to challenges facing the cannabis industry. This platform will try and bring legitimacy, transparency and regulations to the cannabis industry, and popularize the beneficial and responsible uses of this drug. The structured data base that will underlie this platform will change the entire supply chain of cannabis from seed to sale. It will contain all the required data that will be immutable and easy to access. TheShow more [+] project will also solve bank and payment challenges.
Since it is a challenge for cannabis companies to find rental spaces to establish their business, this project has initiated the paragon space. This idea brings together a community of entrepreneurs from this industry that will network. Members of such groups will share office spaces, conference rooms, desk space and other required facilities.
Paragon will utilize PRG token. This token which is not premined will be used to power transactions and incentivize the community. Using this token, participants will be in a position to transfer funds easily and quickly and secure them with smart contracts. It will be possible to carry out transactions such as B2B, B2C and C2C. PRG ICO (Initial Coin Offering) took place between September 15, 2017 and October 15 of the same year. The sale raised $50 million, with the price of one token at $1. It is now listed on various exchanges including STEX, YoBit, Tidex and ForkDelta.
Paragon is a project managed by a large team of professionals. They are led by their Chief Executive Officer (CEO) Jessica VerSteeg, Chief Creative Officer, Egor Lavrov, and Operations Manager Gwendalyn Augustine among others.