COFFEESHOP WHITEPAPER (In a BROWNPAPER Bag) V
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COFFEESHOP WHITEPAPER (in a BROWNPAPER bag) V. 6.1 WHAT IS COFFEESHOP COIN? Coffeeshop Coin (from now on $CFFSHP) is a fair launched, decentralized and deflationary coin with a frictionless and yield-generating contract which allows us to build a strong and community driven foundation where together we will go to the moon while we save our precious planet by stimulating the legalization of cannabis. The coin will be / was launched on June 9th 2021 with a contract which employs a static reward system with 3 simple functions: reflection, LP acquisition and burn. This means that 10% tax of every transaction will be split in 3 parts. 4% is redistributed to all existing holders as a reward and 5% is used to fill the liquidity pool on PancakeSwap. 1% will be burned which means that the supply will be decreasing and the token price will be increasing. This mechanism encourages the token holders to hold onto their tokens in order to earn taxes from the transactions on the market. In addition, we might be soft burning after launch, but this is something we would discuss with the community. For this we have locked away 10% of the supply. This could be burned, used to get on exchanges or for the referral program we will be starting up. All the above will be available to checked by anyone. Transparency is one of our keys to success. - Automatic Liquidity Pool $CFFSHP employs an automatic liquidity pool algorithm in its token contract. As mentioned above, 5% of each transaction (fee), whether it’s a buy or sell order, is added to the LP. This secures a portion of the volume of $CFFSHP as a reward for the holders. The intended goal is to minimize price movements when large wallets decide to sell their tokens in the future. - Security of Coffeeshop Coin $CFFSHP is build and designed to be secure. Our token distribution is one of the healthiest ones currently available, with no whales controlling outlandish amounts of the circulating supply. In addition, we have implemented a few extra and important security features, aimed at making the token fully autonomous and immune to malicious manipulation. Fraudulent blockchain- based schemes running on BSC are blocked out and we take steps to ensure that $CFFSHP doesn’t get effected with it. - 100% Rug Pull Safe The developer burned all tokens in the Dev Wallet before launch. There *will be / was* a Fair Launch, the LP is locked for 1 year and an LP is generated with every trade and locked on PancakeSwap. - Tokenomics Supply: 1,000,000,000,000,000 Burn: 10% after launch. (In agreement with community) Decimals: 9 Transaction fee: 10% tax (see below for distribution) - 4% distributed to holders (reward for holders) - 5% added to liquidity - 1% will be burned forever 70% Supply on Pancakeswap (locked) 10% Burn after launch or used for exchanges or referral program. (Locked) 5% Marketing 5% Development (locked) 4% Team (locked) 2% Airdrop 2% Charity (locked) 2% Influencer Marketing WHY COFFEESHOP COIN? In times of many hype and meme coins with no use, $CFFSHP managed to drop as a professional and much trusted coin. It differs from the rest of the De-Fi crowd because of a group of passionate entrepreneurs working full time on the project. Different from other coins we aim for a long-term project and asset for serious long-term investors. In addition is $CFFSHP a yield- generating contract that rewards its holders. $CFFSHP is community driven and belongs to the community: “By the People, For the People”. With a team of specialists behind the project we strive for perfection and transparency. We are determined to change the status quo with this project. With $CFFSHP we aim for the moon and beyond (beyond), because sky is the limit! INTRODCUTION: WHERE IT ALL BEGAN. We all have seen many men turn their gold into smoke. Well, stepping into the $CFFSHP and joining the green army will turn your smoke into gold and more! We are about to build the world's biggest community around the most lovely and loyal people on earth. Do not hesitate, get in and take this special trip with us. You might think: “there is yet another coin getting hyped. Funny and catchy name tho, which will definitely get the attention of coffee sippers, students, gamers, and stoners but do nothing more.” Well...you are 50% right. Originally, we wanted to create a coin with and for a trustworthy and ‘highly’ loyal community. Uniting students, young professionals, gamers, and stoners all over the world to build a strong platform around. But kicking off, thinking about all we can do and brain storming made it more and more realistic and possible. That’s when we put our pens to paper and together, we planted seeds and started watering it. Even while working on this whitepaper, we sometimes had our moments of realization, laughed out loudly and remembered each other on: “Honestly, it all started with a joke…really!” - A bit of history $CFFSHP is a coin which originally started in one of our crypto groups called: ‘Hans, betaalt in crypto’. Translated: ‘Sugar Daddy, pays in crypto’ (jokes!). Later a work group was started called ‘Dutch Wizards’ which brought together a couple of masterminds. During one of our many trips down memory lane we had this vision…to be honest it turned into a mission, real quick. A mission to make the world a better place for us all. A place with less crime, less abuse, better economy and more jobs. Yea yea yea, some might call it a dream. But we are determined to succeed. giving it our all and to start doing something(!). Starting small and spreading it over the globe as we move on, we believe that together with our community, contacts, investors and network we can achieve the goals we set together. From dispensary owners and workers, the occasional blowers and puff-puff-passers to those who might make it a profession lighting up big’oll joints. But also, those who grab a good cup of coffee, thee or something stronger in a shop or café, every now and then. And of course, not to forget, the companies who have been putting in the hard work for years, governments and its employees, plant lovers, investors etcetera. Spreading more love all over the world, get you all to higher (wink wink) places and every now and then even to the MOON! Now let’s move on to the other 50%, because there is more: a legit plan. Take a breather, relax, sit back and let us continue the trip: THE PURPOSE The use of cannabis for recreational purposes is prohibited in most countries. However, this is changing and spreading around the world, especially in North America more states are legalizing recreational use of cannabis, since the Presidential election in November of 2020. We expect much more countries will follow up on this. To start off with some numbers: up until now (May 2021) more countries have already legalized recreational use of cannabis. Canada, georgia, South Africa, and Uruguay, plus 17 states, 2 territories and the District of Columbia in the United States and the Australian Capital Territory in Australia are already green. Production of commercial cannabis and sale is legal nationwide in Canada, Uruguay and in all subnational U.S. jurisdictions that have legalized cannabis except Washington D.C. A policy of limited enforcement has also been adopted in many countries, in particular The Netherlands. The sale of cannabis is tolerated at licensed coffeeshops. We will come back on this, later. Legal status of cannabis possession for recreational use. Canada, Georgia, South Africa, and Uruguay. 17 states, 2 territories and the District of Columbia in the United States and the Australian Capital Territory in Australia. And then there is legalization for medical use. Until now a big number of countries have legalized medicinal use of cannabis, including Brazil, germany, The Netherlands, United States, Thailand, Zambia and many more. Legal status of cannabis for medical use. Argenitina, Australia, Barbados, Brazil, Canada, Chile, Croatia, Cyprus, Czech Republic, Denmark, Ecuador, Finland, Germany, Greece, Ireland, Israel, Italy, Jamaica, Lebanon, Lithuania, Luxembourg, Malawi, Malta, The Netherlands, New Zealand, North Macedonia, Norway, Peru, Poland, Portugal, Saint Vincent and the Grenadines, San Marino, Sri Lanka, Switzerland, Thailand, United Kingdom, Uruguay, Vanuatu, Zambia and Zimbabwe Looking at the above stated we can tell legalization is part of government talks all over the globe. As we see Middle eastern, South American and African countries a smile forms on our mouths and we know global legalization IS possible. With a bit more focus on the continents up here, adding Asia, we believe in a bright green future. gO #GREeNARMY! - Global legalization of cannabis Legalizing cannabis does not only take down crime and drug abuse but also boosts the economy and creates jobs. This could be huge for continents such as Africa where legalization could help to get rid of poverty. You might think Amsterdam is leading in the process, but even here there is still so much to be done and a long way to go. Residing in a country which is known as the ‘weed paradise’ but having a government which is struggling to find the right way and time to legalize cannabis makes this trip so much more amazing. We already know the Dutch government started experimenting on whether and how controlled cannabis can be legally grown and supplied to coffeeshops (or dispensaries) and what the effects of this would be. So many organizations have been and still are fighting the unreasonable ‘War on Drugs’ for development.