WeedJuice.io: A Decentralized Cannabis Marketplace on the Aptos Blockchain



 

Litepaper

 

1. Introduction

 

WeedJuice.io is a decentralized, blockchain-based cannabis Liquid / Juice marketplace built on the Aptos blockchain. Our platform leverages the power of Web3 technology to create a transparent, secure, and efficient marketplace for cannabis products. By integrating NFTs, we offer users unique opportunities for participation and profit-sharing through staking.


 

2. Vision and Mission


 

Vision: To revolutionize the cannabis industry by creating a decentralized marketplace that ensures fair trade, transparency, and equitable profit-sharing for all participants.

 

Mission: To empower users through blockchain technology, providing a platform where they can buy and sell cannabis products securely while also benefiting from the platform’s growth and success.



 

3. Key Features


 

3.1. Decentralized Marketplace

WeedJuice operates as a decentralized marketplace on the Aptos blockchain, ensuring all transactions are secure, transparent, and immutable.

 

3.2. NFT Integration

The platform introduces three tiers of NFTs in the Gen 0 Collection: Mythic, Legendary, and Epic. These NFTs provide holders with unique benefits, including profit-sharing opportunities.


 

3.3. Staking Mechanism

Holders of Gen 0 NFTs can stake their NFTs to gain access to a portion of the income generated from sales and fees on the platform. This creates a passive income stream for NFT holder

 

4. NFT Collections

 

4.1. Gen 0 Collection

The Gen 0 Collection comprises three tiers of NFTs, each with distinct characteristics and benefits:
 

1. Updated Profit Sharing Distribution

At WeedJuice Marketplace, we believe in rewarding our community for their participation and support.

Here's how the profit-sharing model works:

  • 50% of all income generated from the marketplace—through transaction fees, listing fees, and other platform revenues—goes directly to the marketplace wallet. This helps us maintain the platform, fund developments, and ensure the growth of the WeedJuice ecosystem.

  • The remaining 50% of the income is distributed directly to NFT holders. Each tier in our Gen 0 Collection (Mythic, Legendary, Epic) receives a percentage based on rarity and tier status. This means the more rare your NFT, the higher your share of the profits!

  1. Mythic (33 NFTs)

    • Most exclusive

    • Receive 45% of the remaining 50% (i.e., 22.5% of total marketplace profits). Distributed among 33 NFTs

    • This makes each Mythic NFT highly valuable, creating strong incentives to hold or acquire.

    • Mythic holders also get the unique opportunity to apply to become a seller on the WeedJuice Marketplace, where, after passing testing and approval, they can sell their own collection of Rosin or other cannabis products. Additionally, Mythic holders have access to premium events and exclusive features on the platform, making this the ultimate VIP experience!

  2. Legendary (333 NFTs)

    • Rare but more accessible than Mythic.

    • Receive 35% of the remaining 50% (i.e., 17.5% of total marketplace profits), distributed among 333 NFTs.

    • This ensures that Legendary NFTs still offer substantial rewards while being less exclusive.

    • Legendary holders have access to Events and exclusive features on the platform

  3. Epic (3333 NFTs)

    • More common and accessible.

    • Receive 20% of the remaining 50% (i.e., 10% of total marketplace profits), spread across 3333 NFTs.

    • This tier offers the lowest share per NFT but still provides value, especially for newcomers or larger-scale holders.

Example Breakdown

  • Mythic (33 NFTs): 22.5% of total profits (split among 33 NFTs).

  • Legendary (333 NFTs): 17.5% of total profits (split among 333 NFTs).

  • Epic (3333 NFTs): 10% of total profits (split among 3333 NFTs).

Why This Works:

  • Mythic holders are heavily incentivized due to their scarcity and large share of profits.

  • Legendary holders still get a significant cut, providing good value for a less rare but still limited NFT.

  • Epic holders get a much smaller share, but with the higher supply, it becomes more about accessibility and mass appeal.



 

5. Economic Model

 

5.1. Revenue Streams:

 

The platform generates revenue through:

- Transaction fees from sales of cannabis products.

- Listing fees for sellers.

- Premium features and services.

 

5.2. Profit Distribution:

 

A portion of the platform’s income is distributed to NFT holders who stake their NFTs. The distribution is proportional to the rarity of the NFT, with Mythic holders receiving the highest share, followed by Legendary and then Epic holders.

 

 

6. Tokenomics

 

6.1. Platform Token

WeedJuice will have its native token, $WEED  used for transactions, staking, and governance within the platform.


 

6.2. Distribution

 

- Platform Development: Tokens will be allocated for ongoing development and platform improvements.

- The $WEED Token is already distributed as follows: It’s launched on the https://pump.uptos.xyz/ platform, and you can already grab some.

  It’s first come, first serve!

 

Early investors might accumulate a lot of $WEED, but its future value is uncertain—who knows?

This token launch is a key part of my dream project, and I’m excited to embark on this journey with all of you!

At the end of the day, it might be just another memecoin

 


 

7. Roadmap

 

7.1. Q4 - 2024 Phase 0:

  Launch of the NFT Gen0 Rare NFTs

7.2. Q1/Q2 - 2025 Phase 1:

  • Develop the WeedJuice platform on the Aptos blockchain.

  • Implement staking mechanisms for NFT holders

  • Launch of the NFT Gen0 Legendary/Mythic NFTs

  • Introduce governance mechanisms allowing $WEED token holders to participate in decision-making.

     

7.2. Q4 - 2025 Phase 2: Expansion and Growth 

  • Onboard cannabis sellers and buyers.

  • Expand the marketplace with more features.

  • Establish strategic partnerships in the cannabis and blockchain industries.

 

7.3. Q1 - 2026 Phase 3: Community and Ecosystem 

  • Foster a strong community through engagement and incentives.

  • Continuously improve the platform based on user feedback and technological advancements.

 

9. Conclusion

 

WeedJuice.io aims to transform the cannabis industry by leveraging the capabilities of Web3 and blockchain technology. By integrating NFTs and a decentralized marketplace, we provide users with a unique and profitable way to engage with the cannabis market.

Join us in pioneering the future of cannabis commerce on the Aptos blockchain.

 

"Buying or selling may be restricted in your country, and this marketplace complies with local regulations. However, you can still participate in profit sharing by owning a Gen0 NFT, allowing you to be part of the ecosystem without engaging in direct transactions"

 

Join the revolution. Stake your claim in the future of cannabis with WeedJuice.io

 

 

" Please note that this Litepaper may undergo minor changes as we approach the official launch."

We're continually refining the project to ensure the best possible outcome.

Stay tuned for updates as we get closer to making this dream a reality