Jessica Versteeg is the model turned Entrepreneur, Founder and C.E.O of the Paragon project, issuers of the unique ParagonCoin tokens;
Hello Jessica, kindly tell us briefly what the Paragon project is about?
Paragon wants to treat this plant like any other crop. Current legislations make it extremely difficult for the marijuana industry to prosper. We are looking to help legitimize this industry by allowing transparency with blockchain technology. Everyone from a consumer to the government will be able to see how the plant was grown, where it was grown, what the exact lab results were, how much of the crop had to be thrown away because of mold, what dispensary it was sold to and so much more with one quick scan of a QR code, at any time and from any place.
This enables the final user to verify the legitimacy of their purchased goods, this enables dispensaries to really know the products they are buying and selling, this enables the government to see all data and eventually trust our industry and make it federally legal.
It is great what you are trying to do with ParagonCoin, do you believe that the infusion of blockchain technology into the space will help quicken the process of cannabis legalization in more jurisdictions?
That is our goal. I believe the immutability and transparency of blockchain technology will help legitimize and legalize the cannabis industry. We hope that a more structured system will cause a ripple effect to help citizens, politicians, lawmakers, etc realize that cannabis is not just for stoners, but can actually assist with a variety of medical issues. According to the CDC, there were over 16,000 deaths in 2015 that were a result of prescription painkillers. Alcohol has killed more than twice that amount. To this day, the United States has yet to report a fatal overdose of marijuana. Our goal is to help remove the stigma, and ensure those that could benefit from cannabis have a simple and safe way to obtain it.
Considering that there are already similar tokens in the space, does the Paragon project really need its own tokens?
The other tokens related to the cannabis industry are to purchase cannabis – ParagonCoin will not be used to purchase the actual product. Paragon does need its own tokens for the community and accelerator. PRG tokens will help remove some of the cash issues the cannabis space is having. Now a farmer can pay his trimmers in crypto, now a dispensary can pay their lawyer in crypto, now this unbankable industry has a way of paying people without having to use cash. The current model is that trimmer and that lawyer are being paid in cash and being targeted because it’s known that they get paid x amount in cash at the end of every month. It’s not only cumbersome, but dangerous. PRG can also be used to ‘vote’ on projects, as well as rent office space.
What can you tell us about your team? How does the team compliment the execution of the project?
The Paragon team has some talented professionals with backgrounds at Facebook, Google, Cisco, and Y-Combinator. We are all hard-working and passionate about the future of blockchain and the power of cannabis, especially in the medical industry, so we are eager to do our best in providing helpful solutions in the cannabis space with blockchain.
Where do you see the value of ParagonCoin in the medium to long term and the ultimate benefit for token holders?
We want to create an economy using PRG, so it can be used to vote on our accelerator platform, rent office space, buy a coffee at our office cafe, pay PR firms, buy growing equipment, etc. We will also gradually decrease the amount in circulation by burning the tokens used for self-governing and voting. I believe that a combination of these actions as well as our solutions for the marijuana industry will increase the growth and necessity of PRG over time and lead to a stable, valuable cryptocurrency.
Have you secured deals with trading exchanges yet and will you want to disclose which exchanges will be trading your tokens?
We have secured a couple of exchanges, and have a lot in the pipeline, but unfortunately we are unable to disclose until after the token sale.
Paragon Coin Token Sale is currently ongoing and is on its way to meet the capital target as scheduled. However there could be potential investors out there who might not fully grasp the participatory process as such can you kindly give us a step-by-step guide on how one could participate in the crowdsale?
- Go to ParagonCoin.com and click ‘Join Crowdsale’ in the top right-hand corner
- Create an account
- Make a deposit – go to https://crowdsale.paragoncoin.com/ and scroll down to “Step 2” to make a deposit
- Deposit cryptocurrency to exchange. Paragon accepts Bitcoin, Litecoin, Ripple, Dash, DigiByte, Ether Classic, Ether, NXT, TetherUSD, Waves & ZCash
- Scroll down to use the coins deposited into your account to exchange them for PRG tokens
Thank you for having us Jessica, it was great moment of insight into your project.
Thank you too.
For more details, follow the ParagonCoin ICO here.