MassRoots 'Yelp for Weed' is Launching Ethereum Token

Recently MassRoots Announced that they are launching Ethereum Tokens. Mass roots is famous for Weed Business and now launching Crypto Coin for its million Users to buy Weeds related stuff from its website.

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Cannabis social networking platform MassRoots is developing a crypto token and other blockchain-based applications for its ecosystem of more than one million users.

MassRoots outlined its vision in an annual report filed with the Securities and Exchange Commission on Tuesday, adding that it formed a subsidiary - MassRoots Blockchain Technologies - to explore applications of the technology in December. It has engaged software company MEV to work on the development of the applications.

According to the report, the company has moved to sell Simple Agreements for Future Tokens (SAFTs), collecting more than $900,000 between September and January. Of that amount, $250,000 has been invested in the development of "blockchain-powered features and utilities."

Founded in 2013, the company's app is somewhat akin to a cannabis-specific Yelp, allowing users to rate cannabis products and strains. The publicly-traded company has had a colorful history, having its app banned from Apple's online store in a move that was later reversed.