Leveraging blockchain technology and the billion-dollar cannabis industry, Stoney Society, a cannabis based NFT compendium, has released a set of features as it seeks to drive the merge of two distinct sectors. Brilliantly combining these emerging industries, Stoney Society is on a mission to make this glorious plant—cannabis— more legally accessible and cheaper to community members.
A collection of 8,888 unique and rare NFTs, Stoney Society, according to the development team, will set aside 50 of these NFT pieces for promotion, giveaways, and future charities.
The $NUGZ Token
Stoney Society will be introducing the $NUGZ token as the official governance token coupled with utility in the Stoney ecosystem. Per the project document, it will act as a rewards token for holders of the Stoney Society NFT collection. Wanting to perfect the sustainability and true utility of the token, the details and tokenomics are still being fleshed out by the Stoney team. It can be said for certain however, that $NUGZ will play an integral part of Stoney Society. Plans for a Stoney Society cannabis farm game are currently being conceptualized, where $NUGZ, naturally will be the in-game token of use.
Stoney Society will announce a whitelist date soon. The public mint is planned for April 20th, 2022 (yes that’s 4-20-22), with a mint price of 0.24 ETH per piece. Further details and public FAQ can be found at the official Stoney Society website, stoneysociety.io.
The Stoney Society Charity Program
In addition to incentivizing holders of the Stoney Society NFT collection, this cannabis-backed project will launch a charity program to accelerate the legalization of cannabis in the United States. While some states in the US allow it, the usage of cannabis is still prohibited mainly on a Federal level.
Stoney Society, through this program, will hope to raise awareness of this movement and advocate for lenient policies that would allow the safe production and consumption of cannabis. Stoney Society will strive to accomplish these remarkable feats through royalties garnered from the sale of its NFT collection. About 25% of royalties have been set aside for this program.
In-person Events and Metaverse Auctions
Another standout feature of Stoney Society is integrating in-person events where community members can share insight, deliberate issues, and push for the project’s growth.
Stoney Society aims at holding events monthly as it seeks to bridge the gap between members and the founding team.
In addition to these exciting features discussed, Stoney Society runs a DAO-powered governance system where the decision-making process is reserved for users instead of owners.
Offering these impressive features, Stoney Society is seeking to cement its position as one of the cannabis-backed NFT projects leveraging blockchain to merge two different industries.
In addition to all of these events, Stoney Society will give everyone $NUGZ tokens and the 420 members that receive a PLUG Stoney will get 10x the amount of the tokens each month.
