Cannation project was built to facilitate P2P transaction with low fees and better speeds, but the project got left off on the way. I cannot see any reason to why this project for no reason got abandoned. Now the website domain is up for sale and it's explorer refuses to even load up at all.
The developers of this project made it to see this project coin get listed on Yobit, and the fees to list is quite high on Yobit so it's really shocking to see the project just get abandoned totally. Today, the coin still has a value on Yobit but there seems to be no trades despite the huge margin amongst the buying and selling orders. I really wouldn't recommend anyone to buy the coin. The project has been left to die