Paragon Coin… Just avoid it… It is actually not new coin but just token created on top of Ethereum network (uses Ethereum infrastructure).
• 100,000,000 tokens for sale valued at $1.00 USD each at stage 1
• 50,000,000 tokens for sale at stage 2 - no sooner than 2021, at market
price (not the initial $1 of the first crowdsale )
• 40,000,000 tokens allotted for Paragon controlled reserve to maintain
price support of the PRG tokens. Tokens can be bought or sold to keep
the tokens circulation stable
• 10,000,000 tokens community-controlled reserve to be used for the
best startup ideas as voted on by the community
Notice how coins are distributed (not in fair way through mining). They are basically selling tokens they created out of thin air. This is not how actual free and decentralized currency looks like (this is practically opposite - central emission) . The issuer is the only one that will make money on this offer. Issuer has spent some dollars on advertisement but that is all. There is no edge against any other established currencies (like Bitcoin or Ethereum). They spent maybe few millions USD to advertisement and operating costs, but expect to obtain 100M in initial funding. That screams scam to me. And a model as CEO doesn’t fix that for me.
Why don’t buy Ethereum that allows ICOs (initial coin offering) like this… That is much better idea.
PotCoin
I’d stay away from potcoin. It is PoS (proof of stake) coin, that means that who holds it can collect fees. The only one who gets rich on this is the original creator who has a lot of these coins already. If the author in some time decides to sell the coins and abandon the idea you will end up with nothing. And the same argument applies for both Paragon and Potcoin. Why the hell would dispensaries choose this coin instead of established coins. Just see most seedbanks. They have chosen bitcoin for payment. Because it is widespread and software tools are highly developed.
I’m missing any competitive advantage in these coins over “traditional” widely accepted currencies (bitcoin, ethereum, litecoin)