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Digital cannabis NFT startup Grow House successfully closes IDO

Digital cannabis NFT startup Grow House successfully closes IDO

Grow House completed a multi-IDO round on BSCPadZero Exchange, and MantraDAO for all whitelisted participants. The GROW token is now listed on PancakeSwap (Binance Smart Chain). The initial DEX offering token price was $0.10 per GROW. 

Participants can use Zero Exchange to move funds from Ethereum to the Binance Smart Chain. The 0.Exchange Protocol realigns incentives for network participants by introducing revenue sharing and community-driven network effects to the popular automated market maker model. The 0.Exchange prides itself on low transaction and trading fees, 0 finalities, 0 hassle and 0 frontrunning.

GROW is the currency that powers the Grow House game and Cannaverse economy.

GROW token holders will join the Cannaverse, the Grow House metaverse, where they can use GROW tokens to buy in-game assets and participate in Grow House yield farms that produce cryptocurrencies. Utilities for the GROW token include purchasing nonfungible tokens and staking for the benefit of Grow House decentralized finance. Longer-term potential for the GROW token also includes becoming a seed to farm currency for the cannabis industry once Grow House has become the digital metaverse of choice for the industry. 

One of the project leaders is Brandon Hampton, the world’s largest independent social media publisher and is the chief cannabis officer of Grow House.

Hampton said explaining the project:

“This is a project that combines two very important industries that are ripe and ready for innovation: crypto and cannabis. It’s crazy that still today, you can’t get a bank account if you own a dispensary or a weed farm. Imagine a true utility token that allows people to easily transact within the cannabis space. That’s the ethos of GROW. We also combined it with a really cool game. Imagine Farmville or The Sims but for cannabis and decentralized.”

The Grow House game is made to be one of the first-ever crossovers between DeFi and gaming. Users can own land plots and strains in the game as NFTs, which yield real GROW tokens. Each piece of land can emit 204 tokens. It is real yield farming but with a gamified layer on top of it. 

NFTs can unlock experiences and other opportunities within the ecosystem. The planted NFTs have different yields and rarities with a variety of chances to produce higher yields and some random chances of bigger token rewards. During the plant growing, users can earn or unlock a variety of things. It could be some crafting material for building out farms or tools for more efficient growing.

The most notable partners and investors of the project are Polygon/Matic, Aave, AU21, Zokyo, Spectre, IDO Booster, MYNT, Hypercube, BSCPad, DEXTools, Weed Humor, 0.Exchange, Juicy Fields, Capital6 Eagle and more. 

After the IDO, the Grow House team will present the project during the Bitcoin Conference 2021 in Miami on June 4–5. The Miami Bitcoin conference 2021 is one of the biggest Crypto events this year. It will host a massive collection of iconic figures in the industry, featuring Nick Szabo, Tony Hawk, Jack Dorsey, Michael Saylor and others among the key speakers. 

Also, Grow House has partnered with Y.AT and Maxim to host a great Miami Bitcoin party on June 5, and there will be a special performance by G Eazy, with Quest Love as the DJ. 

About Grow House

Grow House is an NFT Game where you grow digital weed and earn cryptocurrencies. Our Cannaverse is powered by the GROW token, which you can use to buy land, build farms and plant money trees (yield farming). Come GROW with us!

Twitter: https://twitter.com/grow_house_ 

GROW.HOUSE Instagram: https://instagram.com/grow_house_official/

Telegram: https://t.me/GROWCommunity 

Telegram ANN channel: https://t.me/GROWann

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