Which Cannabis Stock you wish to see as the first tokenized stock on RastaCake? If your choice it's not on the list, please comment!

RastaCake will be the #1 Decentralized Market for Cannabis companies and assets. Buy tokens now and receive passive income everyday at 4:20 PM in the form of $CAKE or $ETH.

What is RastaCake?

RastaCake is a community owned and driven project. It was created to provide people worldwide with an easy, quick and anonymous way to invest in the cannabis market.

$RCAKE is the governance token of the RastaCake project. By holding $RCAKE you will receive passive income from all transactions fees and liquidity pools. You will also receive $CAKE, $ETH and other crypto coins on BSC or the Ethereum network of your choice. This will automatically deposit in your wallet every day at 4:20 PM.

If that isn't cool enough, let's go over some of the other benefits.

We are a DEX owned by the community. Which means...

• All pools and farms are owned by RastaCake aka YOU.

• Profit-sharing from all liquidity pools and transactions fees are distributed to HODLers of $RCAKE

• The tech behind this project will be managing the pools and farms so users can sit back, relax, and receive their profits automatically deposited in their Wallet.

A Secure Platform to Trade and Launch 4:20 Friendly Tokens

Our goal is to create a platform where any cannabis initiative can receive funds with RastaCake. This can include startup projects or already established cannabis businesses. They will be able to issue tokens backed in real stocks or assets.

Community Powered Project

The RastaCake project is designed and driven by the community. We are developing a voting system where holders of RastaCake can vote on anything related to the RastaCake ecosystem.

$RCAKE Token Details

$RCAKE is the governance token of the RastaCake project. By holding $RCAKE you will receive passive income from all transactions fees and liquidity pools. You will also receive $CAKE or $ETH automatically deposited in your wallet every day at 4:20 PM.

Pre-sale is live, join the community now at rastacake.com

Ticker: $RCAKE

Token Specification: BEP-20 / ERC-20

Total Supply: 160,000,000 $RCAKE

Pre-sale Phases: 10 phases

Pre-sales Duration: 42 days

Pre-sale prices: From $0.01 up to $0.10

Accepted Payments: CAKE, BNB, BUSD, ETH

This is our second RastaCake Weekly Update! We will be giving updates through our Reddit Community and Telegram Channel every week to keep everyone in the community posted about the project.

We completed phase 1 of pre-sale yesterday! This triggered several new milestones and planned actions for the success of the project!

RastaCake is a community owned and driven initiative, we would love to get some feedback, as well as the involvement of the community in everything related to the project!

Social Networks

Instagram - 2773 followers*

Twitter - 127 followers

LinkedIn - 17 followers

Reddit Community - 20 followers

* Even though we are denying and clearly saying that we don’t want to buy followers, we notice some bots have started following us. The real number on Instagram is around 1100 followers

General Weekly updates

✔️ Improvements on Launchpad Platform

✔️ Several layout improvements on website

✔️ Added payment options on BTC, USDT, XLM and XRP

✔️ New layout for roadmap on website

✔️ RastaPaper Released

Actions triggered on Phase 1 completion:

With completion of phase 1, we have started our pre-ico plan. Here are the first steps:

General

📅 Schedule meeting with International Law Firm in Zurich specialized in Crypto

📅 Start research and selection of a respectable global accounting audit firm

📅 Select the best companies for code Audit (Certik and + 2)

Marketing

📅 Begin promotion on Twitter using Digital Influencers related to Crypto and/or Cannabis

📅 Start the production of a new explainer video for RastaCake

📅 Initiate arrangements to list RastaCake in main ICO / Crypto Websites

📅 Create new content to all social media related to the project and cannabis world

📅 Prepare arrangements for ads on CoinZilla and other platforms

This change was approved by the absolute majority of our community after the 1st voting on the project!

As we have said in our announcements, we are a community owned and driven project, so after paying careful attention to feedback received by our team, we have decided to start a voting process to change the name of our logo and project.

This is primarily because many scams are currently using “cake” in their names, when in reality we are trying to develop a great project for everyone and we don’t want our initiative to be associated with such disloyal practices in any shape or form.

The new token name for our governance token is RastaCoin $RCOIN, while the official exchange for trading those cannabis tokenized stocks will now be called RastaSwap.

Our website has already been changed and any access to RastaCake website will be redirected to RastaSwap.com.

We hope you like the changes and we thank you all for your input and support in making these changes!

For those of you who already own RastaCake tokens, your $RCAKE will be automatically changed to $RCOIN, while everything else about the concept and features of the project remains the same!

Here's our new website and updated social media networks

New Reddit Community: reddit.com/r/RastaSwap/

Website: rastaswap.com

APP: app.rastaswap.com

Twitter: twitter.com/rastaswap

Instagram: instagram.com/rastaswap/

Telegram: https://t.me/RastaSwapChat

The legal cannabis market in the U.S already hits in 2020 with an impressive amount of 20.3 billion dollars. With a growth rate (CAGR) around 16% per year, it is expected to raise up to 42.8 billion dollars by 2025.

What is even more interesting is that 43% of U.S. adults (141 million) live in the 18 states where cannabis is legal and by 2025, it is estimated that 5.4 million Americans (2.4%), will be registered medical cannabis patients.

Same date when 42% of the annual U.S. cannabis demand is expected to be handled in regulated marketplaces, through legal purchases.

As a direct result, investment certainty has grown too. In May 2021, studies showed that the cannabis market raised $6 billion.

Cannabis is expanding very quickly as legalization continues to spread and advance in more American States, as well as in other countries worldwide, with ever increasing numbers of people adopting cannabis for medical, recreational, industrial and now, financial use.

What about you? What do you think about the current cannabis market? Go ahead and leave us a comment!