What Is Potcoin?

In 2014 there was a rise in PoW (Proof of Work) blockchains and the world was amazed at the technology behind bitcoin particular.

Many groups did not agree with the way in which some projects were either managed or simply wanted test different distribution models and aspects of proof of work without the politics involved in partitioning for changes to an established coin.

And so Potcoin was born on Jan 21, 2014, at 4:20 PM, as a need for a cryptocurrency marketed as 'the first digital currency created to facilitate transactions within the legalized cannabis industry'.

Today things seem a little rockier for this beloved crypto...

1/2 - Given our long history of being listed on @Poloniex, we are just as surprised as you are by their announcement today to delist #potcoin from their exchange. We were given no communication or advance notice by the @Poloniex team & are still unsure...

https://twitter.com/PotCoin/status/1042179556709478400

From September 25, users will have 30 days to withdraw their funds from polo as polo's blog states:

Once the withdrawal deadline has been reached, withdrawals will be disabled and the asset will be fully decommissioned. From this point forward, we will be unable to process withdrawals of impacted assets. It is imperative that customers withdraw delisted tokens by the withdrawal deadline.

The exchange has dropped a total of 18 coins since the buyout by Circle and every coin its dropped has caused significant volatility from the loss of volume.

This comes as a surprise to most traders as Potcoin has the support of numerous celebs and supported via cryptocurrency payment gateways. It has also been established for years and considered well distributed amongst the crypto community.



Image from sciencealert.com

Do you think Potcoin has enough community support to survive?