Company raising awareness amongst crypto communities on both Binance and Ethereum
Vancouver, British Columbia, Canada, May 13, 2021 – Global Cannabis Applications Corp. ("GCAC" or the "Company") (CSE:APP) (FSE:2FA) (OTC:FUAPF) a leading medical cannabis chain-of-custody compliance and data platform, announced today that the GCAC token [1] is now also available on the Pancakeswap trading platform, running on the Binance Smart Chain [2]. Through the newly launched Binance-based GCAC “pancake-flip”, traders can now swap, add markets, and provide liquidity with $BNB [3] along with all other Binance related assets.
On April 20, the Company announced the availability of the GCAC token on the Uniswap trading platform, which runs on the Ethereum blockchain [4]. Today’s Pancakeswap release represents new trading opportunities for the GCAC token which, in-turn, broadens the Company’s digital marketing campaign that’s aimed at the decentralized finance user community ‘DeFi’.
Company believes that the Pancakeswap community is an excellent target audience as this key demographic are consumers that have disposable income, are under 34 years old and increasingly drawn to the use of cannabis products [5]. This multi-year marketing campaign aims to raise awareness of its products and its Efixii ‘QR codes’ by making the GCAC token available on Pancakeswap with the Company’s name, logo and website visible to this community.
Company is publicly traded with audited financials and makes accurate revenue disclosures. GCAC’s marketing initiative is to commit to a minimum marketing-spend of 1% of its quarterly sales revenue buying GCAC tokens directly on Uniswap, and indirectly on Pancakeswap, every 3 months. Each token-buy leads to greater awareness of the Company’s products and drives potential new consumers to look for Efixii ‘QR codes’ on recreational and medical cannabis products.
“Once again, We - Are - Totally - Blockchain. So, I’m delighted to expand our marketing reach to fellow blockchain proponents on Binance. Cannabis consumers come in many forms, and I’m so excited to be marketing directly to the Pancakeswap DeFi community and raising awareness of cannabis efficacy and quality amongst this awesome demographic,” stated Brad Moore, CEO.
The Pancakeswap GCAC marketing token is built and operated by Abbey Technology “Abbey” and this latest marketing token has a unique set of features including:
. No new GCAC tokens will be created on Ethereum or Binance, tokens may only be “flipped”
. GCAC holders can sell tokens by “flipping” them from Ethereum to Binance and vice versa,
depending on which of the blockchains has the optimal trading price
. Trading fees are lower on Pancakeswap than on Uniswap so Abbey’s “pancake-flip” mechanism
will open GCAC up to more DeFi-traders on Binance, because of its lower transaction costs.
[1] https://etherscan.io/token/0xc0ba6eee30932c18e6cd19f433fe84186500148a
[2] https://exchange.pancakeswap.finance/#/swap?inputCurrency=BNB&outputCurrency=0x3a3ee21157906a17ee9775d37e7a8cb3d7df86d6
[3] https://coinmarketcap.com/currencies/binance-coin/
[4] https://cannappscorp.com/2021/04/20/gcac-launches-uniswap-marketing-token/
[5] https://www.warc.com/newsandopinion/news/40_of_us_consumers_would_try_out_cbd_products/41878
About Global Cannabis Applications Corp. “GCAC”
GCAC is a global leader in designing, developing, SaaS licensing and acquiring innovative data technologies for the medical cannabis industry. The Citizen Green and Efixii platforms are the world's first end-to-end - from patient to regulator - medical cannabis data solutions. They use six core technologies: mobile applications, artificial intelligence, RegTech, smart databases, Ethereum blockchain and GCAC smart rewards. These technologies transparently disclose cannabis chain-of-custody events, thereby enabling patients to provide crowd-sourced medical cannabis efficacy data. Driven by digital and cannabis industry experts, GCAC is focused on generating revenue from SaaS licensing its technology and acquiring high quality cannabis datasets that improve patient outcomes and to become the world’s largest cannabis efficacy data provider.
For more Company information, please visit www.cannappscorp.com, or review its profiles on www.sedar.com and on the Canadian Securities Exchange's website www.thecse.com.
About Abbey Technology GmbH, “Abbey”
Abbey, a Swiss company, specializes in developing, licensing and operating innovative blockchain technologies. The “Public-Company to Uniswap-Token” marketing platform was invented by Abbey alongside its Ethereum layer-2 high-throughput blockchain software-as-a-service. For information on Uniswap-token marketing campaigns for public companies visit https://abbey.ch.
Press Contact
Phone: +1 (800) 409-5679
Email: info@cannappscorp.com
Forward-Looking Information
This news release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of GCAC. Forward-looking information is based on certain key expectations and assumptions made by the management of GCAC. Although management of the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because GCAC can give no assurance that they will prove to be correct. Forward-looking statements contained in this news release are made as of the date of this news release. GCAC disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this information.
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