Motacoin seeks to be a trustless, decentralized, and cryptographically secure platform created for licensed pharmacies, where there is no intermediary's involvement.
The platform aims to provide an instant payment system, particularly planned for cannabis. The “Cannabis industry” represents those professionals and activities that are related directly or indirectly to the legal production, sale, transport, and consumption of medical marijuana and recreational marijuana, and also the products obtained from them. The platform intends to support donation integrations, decentralized wallets, and payment gateway with no fees involved.
Since the Motacoin platform is based on the blockchain network, its payment mechanism aims to be completely decentralized and thus trustworthy. Motacoin platform does not need or collect any users' personal information for using the system. The platform seeks to offer a wallet to the users through which they can digitally secure all their holdings without involving any third-party organization. Users can quickly make the payment and receive and validate their balance on Motacoin in real time. The time it takes for instant payment is 4 minutes 20 seconds.
Additionally, the blockchain technology on which the platform’s cryptocurrency is built seeks to enable low fees for transactions which is 0.0000002 Motacoin. Another important feature that the platform seeks to offer is an autocash system. The autocash system influences peer-to-peer trading and seeks to offer an automated system that makes the cash-out process easier for the vendors, who adopt MOTA tokens as the mode of payment.
The native token of the Motacoin platform is MOTA. The cannabis-based digital coin, MOTA, is based in Los Angeles, California, USA. Users can use MOTA for trading various non-cannabis products and software. The token can be used to trade for crypto-related clothing and authorized smoke shop goods.
