the paragon token crowdsale has ended!

We would like to thank all participants for supporting our project and great cause! The overwhelming support, enthusiasm and fun helped maintain our great spirit of collaboration to do what we will do best - revolutionize the cannabis indusrty!

All purchased tokens will be distributed on the 22nd of October.

All unallocated tokens will be burned.

If you have experienced any issues, please reach out to a support member in our telegram channel.

A few things you should know:

  • The Paragon smart contract has now been deployed here.
  • We will send you instructions for the withdrawal process before the 22nd by email.
  • On the 22nd of October we will send out another email with details on the entirety of the crowdsale, including the total amount raised. Currently, we are in the process of sorting out all administrative issues, late deposits and other requests.
Keep an eye on our Telegram channel and our emails to stay up to date!
Keep an eye on our Telegram channel and our emails to stay up to date!

TOKEN DISTRIBUTION

TOTAL ALLOCATION

  • FOUNDERS - 10MM**
  • TEAM - 5.7MM**
  • INSTITUTIONAL INVESTORS - 2MM
  • RESERVED FOR INSTITUTIONAL INVESTORS - 3.8MM
  • FRIENDS AND FAMILY INVESTORS - 5MM**
  • BOUNTY - 350K
  • ADVISORS - 1.95MM**
  • STAGE 1 PRESALE - 5MM
  • STAGE 2 PRESALE - 10MM
  • STAGE 3 PRESALE - 25MM
  • EARLY INVESTORS - 1.2MM
** - Prohibited from liquidating PRG at a rate of more than 20% of their position within the first calendar year

OFFLINE PLATFORM

We will create a chain of high-tech, fully equipped ParagonCoin Centers in all 29 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)

PRG BLOCKCHAIN

BLOCKCHAIN FOR THE INDUSTRY

  • Build trust via immutable ledger
  • Apps interact with information stored in blockchain.
  • All product lifecycle events stored forever.
  • Anonymous patient identification.

Government Regulation Compliance

  • A State ID Database
  • B Doctor Accreditation
  • C Lab Certification
  • D State Certification
  • E Dispensary Permits
  • F Inventory Verification
  • G Retail Verification

SAFETY, RESPONSIBILITY AND TRANSPARENCY IN THE CANNABIS INDUSTRY

Wallet download
Schedule doctor appointment
Doctor certification verified
Prescription signed by doctor
MMJ ID signed by doctor
Dispensary verifies MMJ ID and or prescription
Select product
Verify the entire supply chain: harvesting info, processing data
Verify lab test analysis: THC/THC-A/CBD levels, etc.
ID verified (anonymously) again: expiration, doctor certification, state of residence
Payment in Cash (until laws change)
Dispensary’' inventory automatically updated

ONLINE PLATFORM

Two parts: APIs and community

APIs give access to all non-private data accumulated in blockchain. Community posting allow for voting (votes = earnings). Community controlled fund allocation.

Online Community

Whereas, ParagonSpace is the heart of our organization, the ParagonOnline Community will be the mind. We will implement the best-practices of sites like SteemIt and Reddit to create an incentivized and controlled community designed to efficiently channel the efforts of our members towards the definition and achievement of our priority goals.

ParagonOnline is by design a “community-based” online space, where tasks, functions, goals and priorities are defined and re-defined in real-time, by the community. At inception, we envision the main tasks of the community to be as follows:

ParagonOnline will serve as the reservation and clearinghouse system for ParagonSpace. Community members will be offered space based on their standing in the community on the basis of upvotes and downvotes (each costing 0.01 PRG) received from their contributions to ParagonBoard. ParagonBoard will be the central station for exchange and development of ideas and knowledge that further our priority goals. At inception, we will have the following sections: Current Legal Issues, Political Legalization Effort, Technical Development, New Business Ideas, New Priorities. This is primarily where community members will earn UpVotes.

Roadmap

Announce Token Crowdsale

Aug. 15th
2017

Start Token Crowdsale

Sept. 15th
2017

End Token Crowdsale

Oct. 15th
2017

Voting of the first location of Paragon Spaces

Nov. 1st
2017

Token Listing on recognized coin/token exchange

Nov. 15th
2017

Purchase of the first location

Feb.
2018

Token Crowdsale Project Details

Paragon Coin - PRG | Based on: Ethereum

Total token supply: 200,000,000

100,000,000 token for Stage 1 Token Crowdsale 50%

The initial token price will be set at $1 when it goes on sale on September 15. During the first 5 hours of the Token Crowdsale we will offer an early bird 5% discount, price will remain at $1 for the remaining of the first 24 hours and will increase $0.05 each 24 hours for 30 days or until all tokens sold.

50,000,000 tokens reserved for Stage 2 Token Crowdsale 25%

Stage 2 will happen no sooner than 2021, and all tokens will be sold at market price, not at a fixed $1 USD value.

The remaining 50,000,000 PRG will be held in reserve as follows (important note: all percentage below will be adjusted in accordance with actual amount raised, e.g. if we sell 70M of 100M tokens, the following numbers will be multiplied by 0.7):

  • Paragon Reserve Fund 40,000,000 PRG
  • Community Controlled Reserve 10,000,000 PRG

The Paragon Reserve Fund operates as part of our business model, ensuring a stable token with a bright future. It is in our best interests to ensure that the PRG purchasing power grows over time and market manipulation is avoided.

For more information, please read our whitepaper

Our Team

Chief Executive Officer
Jessica VerSteeg
Chief Creative Officer
Egor Lavrov
Chief Technology Officer
Vadym Kurylovich
Chief Legal Officer
Julian Zegelman
Chief Financial Officer
Giovanti Humphries
Chief Business Officer EMEA
Gareth Rhodes
Chief Strategy Officer
Chuck Bogorad
VP of Business Development
David Kalustov
Chief Accounting Officer
Joshua Rogers
Chief Operating Officer
Robert Escobar
PR and Marketing Manager
Kayla Booth
Chief Business Officer EMEA
Alex Emelichev
Paragon mascot
Priscilla

partners

ROADSHOW

6-7
September
Los Angeles
14-16
September
Shanghai
18-20
September
San Fransisco
25-26
September
London
27
September
London
3-5
October
Barcelona
10-11
October
Los Angeles

MEDIA

" Beauty Queen Turned Cannabis Entrepreneur Launches Blockchain Startup "
" Paragon Aiming at Mainstreaming Cannabis Industry "
" American rapper The Game have touted the diverse digital token sales over the past month alone. "
" … a farm to pipe cannabis supply chain tracking and payments system "
" The Game Changer for Paragon and the Cannabis Industry "
" This woman is creating a crypto-currency for cannabis "
" Rapper The Game Wants You To Buy Weed Using Cryptocurrency "
" The Game is promoting the initial coin offering of a company owned by a former Miss Iowa who is looking to usher in the weed revolution "
" Jessica VerSteeg is Aiming to Link the Fractured Parts of the Cannabis Industry "
" Paragon calls itself a “social network for cannabis startups.” Yahoo Finance’s Dan Roberts and Paragon CEO Jessica VerSteeg discuss the future of cryptocurrency and cannabis. "
" The Paragon blockchain platform is designed to connect cannabis players through an open-source blockchain network with different data access permissions for different participants. "
" Paragon bills itself as “revolutionizing all things cannabis with blockchain.” True to that mission, forget your U.S. dollars or euros. To pay rent, hire in-house legal aid or buy a doughnut at the Paragon commissary, you must use the company’s digital coins. "