Greek billionaire launched a digital token on top of Bitcoin, tied to the price of marijuana

Billionaire Alki David launched the Swissx project, which created the Cannabis Bank, the SWX Coin digital token, the price of which will be tied to the reserves of marijuana, as well as the Swissx Global Hemp Exchange. This is stated in a press release .

For example, a new enterprise is located in Gstaad, Switzerland, but soon headquarters in the Caribbean states should open.

It is alleged that the bank will be the issuer of SWX Coin digital currency based on the bitcoin blockchain, the price of which will be tied to the world average cost of medical marijuana (CBD). The company's reserves allegedly contain seed varieties of Cherry Wine and Donald Trump for a total of $ 750 million, as well as $ 250 million in Swiss franc equivalent.

At the moment, a specialized farmer cooperative is also being formed, whose tasks will include meeting the demand for medical marijuana through Swissx. For participants in the organization, Farmer’s Wallet digital wallet has already been created.

The exchange will supply market participants with the analytics necessary for pricing, and will also become a platform for trading in the industry.

Note that the Board of Directors of the Bank of Cannabis from Swissx has already been joined by the former Prime Minister of Saint Kitts and Nevis, Denzil Douglas.

Recall last year the company DMG Blockchain Solutions Inc. began developing a global supply chain management platform for the medical marijuana industry.

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