HempCoin (THC), ane of the first xxx cryptocurrencies always created, has been relisted past cryptocurrency exchange Bittrex. Before existence delisted in 2022, HempCoin was a top-100 token on CoinMarketCap, trading over $10 one thousand thousand a day.

HempCoin founder and CEO Tim Renzetti spoke to Cointelegraph nearly the coin'due south rejuvenation and his plans for future development of the platform.

Renzetti commencement discovered crypto in 2022 and started the HempCoin blockchain as a community projection in December of that year. This preempted the farm nib of 2022, which paved the way for the legalization of cannabis in the United States. He said:

"My initial thought on crypto was that eventually industries and divisions of the economy would each gravitate towards 1 detail crypto. This would help maintain the value inside each as, for example, if the oil industry collapses then the agriculture manufacture wouldn't. I wanted HempCoin to be the Agriculture Coin, representing a two trillion dollar industry worldwide."

Bittrex picked up HempCoin and listed THC on its commutation in March 2022. However, past the stop of 2022 Renzetti had moved on to other not-crypto-related concern ventures, in the belief that the project and customs would tick along nicely without him.

He revisited the projection in early 2022, when interest in all things crypto was starting to explode, and put together a direction and future plan that the community could piece of work with.

During the crypto-blast of 2022, HempCoin soared in value, aided past an enhanced social media presence. It bankrupt into the top-100 coins on CMC, hitting a tiptop market cap of $170 million in January 2022 and trading over $ten 1000000 per day on Bittrex.

Renzetti had big ideas to expand HempCoin by adding a seed-to-sale supply concatenation traceability platform chosen HempTRAC. This would have been aimed not simply at the cannabis industry, only encompassing the whole of the agriculture and farming sector, he says:

"In 2022 I wanted to alter our applied science to have a data platform on the THC blockchain and brought on a project manager to help facilitate this change. Considering I am not a coder and did non accept a dev squad I searched for teams that offered this solution."

He settled on Komodo for its technical capabilities and security, and fabricated agreements with Komodo and Bittrex to facilitate the change. Komodo was to create the new THC technology, while Bittrex was to migrate the lawmaking and convert old THC for new THC. At the time, over two-thirds of the full THC supply was held in customers wallets on the exchange.

"I paid both companies for the change and started the process," said Renzetti "Unfortunately it fell foul of Bittrex'southward developing legal and regulatory position. They announced THC was to be delisted which rocked our community."

Renzetti has spent the last year trying to get relisted on Bittrex, acknowledging that the major exchange listing was always HempCoin'due south biggest asset. Meanwhile, Bittrex has been limiting the coins that it supports in the U.S. and moving tokens to its Bittrex Global platform.

As of July 2022, HempCoin had finally been relisted with Bittrex Global. Renzetti now hopes to develop or fund the completion of the HempTRAC platform.

"The HempTRAC platform will cover all facets of data pertaining to the agronomics/farming manufacture worldwide. We have many farmers waiting to utilize our platform to go far easier to manage the production supply chain."