The Cannabis Revolution™, empowered by the Tokes
digital currency platform, will be one of the first projects in the
world to combine the technological advances of the blockchain and
digital tokens with the cultural shift associated with the marijuana
legalization movement.
Following the close of the ICO, the
project will be executed in two distinct phases with a myriad of
benefits for investors in each stage of development…
Acquisition and development of a state-of-the-art cannabis cultivation,
production, and dispensary facility in the state of Nevada. Capital
raised during the ICO will be dedicated to procuring the licenses and
facilities necessary to operate a 100% state-legal medical marijuana
enterprise.
Additionally, with a ballot measure for recreational marijuana use in
Nevada passing in the 2016 election cycle, the opportunities present in
this industry are overwhelming. Time is of the essence to secure a
competitive advantage.
As the business develops, long term holders of TOKES will derive
value through a redistribution of profits. There are several avenues we
can utilize to execute this value proposition, including dividends and
token buy-backs. We will be consulting further with our legal team prior
to initiating these transactions to ensure that these rewards are
entirely legal and above-board.
Phase
2 will demonstrate the full power of the blockchain and utilization of
TOKES as a store and transfer of value. The value of the platform is
derived from the challenges imposed by the federal regulations
surrounding marijuana. Specifically, the legalization of marijuana
distribution at the state level creates several complications for
businesses federally due to a lack of legal provisions at that level of
government. As a result, these entities are considered “unbankable,” and
are required to conduct all business as cash-only entities. Cash
receipts cannot be deposited with banks because they are federally
regulated, which leaves marijuana entities in a precarious position.
They are required to safehouse their own assets in traditional methods,
such as an onsite vault.
Enter Tokes Platform. Our objective is to create a business network
in which legal marijuana entities throughout the United States can
utilize a secure, safe, and unified asset for transactions. Through the
utilization of fiat gateways, we will target the movement of those cash
assets onto the TOKES blockchain, where it will serve as a store of
value. It will also enable these facilities to accept TOKES as a form of
payment, instead of cash. The result will be a much safer environment
for both operators and patrons, as they will no longer be required to
carry substantial levels of physical fiat to make transactions.
The mainnet implementation of TOKES will have a number of advantages over competitors in this space, including:
• Asset Pegging to USD
• Anonymous Transactions
• Liquidity and features of WAVES blockchain
1. Asset Pegging: TOKES will utilize various mechanisms to ensure that once a transaction occurs, the value of that transaction will not change for the holder of TOKES. Similar mechanisms can be seen in stable assets such as BitUSD, NuBits, CoinoUSD, Digix, and Tether. This feature provides businesses with the peace of mind that volatility in the underlying token will not impact the bottom line financials (either negatively or positively). We believe this will result in much higher adoption rates for businesses interested in this technology than we’ve seen with our peers.
2. Anonymous Transactions: This feature requires little explanation or justification. As an industry on the cutting edge of the legal system, many participants desire anonymity with their purchases. We intend to have this advantageous system built directly into our transaction layer.
3. WAVES Blockchain Implementation: As long-time supporters and analysts of the various developments in coin technology, we feel that executing our initial asset issuance on the Waves Platform will be a valuable partnership. The cutting-edge features proposed by Waves, such as fiat gateways and an enhanced crowdfunding interface will largely benefit early adopters and investors in TOKES. We also believe that a partnership with this blooming platform will assist with the cross-promotion of both technologies.
We hope you’ll join us in this unique offering, and are looking forward to responding to any questions the community brings to us.
The mainnet implementation of TOKES will have a number of advantages over competitors in this space, including:
• Asset Pegging to USD
• Anonymous Transactions
• Liquidity and features of WAVES blockchain
1. Asset Pegging: TOKES will utilize various mechanisms to ensure that once a transaction occurs, the value of that transaction will not change for the holder of TOKES. Similar mechanisms can be seen in stable assets such as BitUSD, NuBits, CoinoUSD, Digix, and Tether. This feature provides businesses with the peace of mind that volatility in the underlying token will not impact the bottom line financials (either negatively or positively). We believe this will result in much higher adoption rates for businesses interested in this technology than we’ve seen with our peers.
2. Anonymous Transactions: This feature requires little explanation or justification. As an industry on the cutting edge of the legal system, many participants desire anonymity with their purchases. We intend to have this advantageous system built directly into our transaction layer.
3. WAVES Blockchain Implementation: As long-time supporters and analysts of the various developments in coin technology, we feel that executing our initial asset issuance on the Waves Platform will be a valuable partnership. The cutting-edge features proposed by Waves, such as fiat gateways and an enhanced crowdfunding interface will largely benefit early adopters and investors in TOKES. We also believe that a partnership with this blooming platform will assist with the cross-promotion of both technologies.
We hope you’ll join us in this unique offering, and are looking forward to responding to any questions the community brings to us.
Tokes ICO Funding Tiers
Tier 1: $50,000 (100%)
Platform Development
-Mobile Application development (wallet, cannabis strain and product database, merchant locator)
Cannabis Operation
-Small scale production on select CBD based products
-Will need to partner with current industry participants
-Mobile Application development (wallet, cannabis strain and product database, merchant locator)
Cannabis Operation
-Small scale production on select CBD based products
-Will need to partner with current industry participants
Tier 2: $250,000 (In Progress)
Platform Development
-Hardware infrastructure for select partners (point of sale systems)
Cannabis Operation
-Full independent development on multiple product lines (CBD products and THC edibles)
-Tourism related cannabis products
-Hardware infrastructure for select partners (point of sale systems)
Cannabis Operation
-Full independent development on multiple product lines (CBD products and THC edibles)
-Tourism related cannabis products
Tier 3: $1,000,000
Platform Development
-Expanded hardware infrastructure for merchant partners
Cannabis Operation
-Licensing deal for topical lotions and body products
-Expanded hardware infrastructure for merchant partners
Cannabis Operation
-Licensing deal for topical lotions and body products
Tier 4: $2,500,000
Platform Development
-Hardware infrastructure for all merchant partners
Cannabis Operation
-Strategic partnerships and licensing agreements, coupled with product development in edibles, CBD based products, topicals, and pursuit of small scale industrial facility
-Hardware infrastructure for all merchant partners
Cannabis Operation
-Strategic partnerships and licensing agreements, coupled with product development in edibles, CBD based products, topicals, and pursuit of small scale industrial facility
Tier 5: $5,000,000
Cannabis Operation
-Full scale pursuit of production, cultivation, and dispensary licensing including physical industrial facility
-Full scale pursuit of production, cultivation, and dispensary licensing including physical industrial facility
Tokes ICO Funding Tiers
Tier 1: $50,000 (100%)
Platform Development
-Mobile Application development (wallet, cannabis strain and product database, merchant locator)
Cannabis Operation
-Small scale production on select CBD based products
-Will need to partner with current industry participants
-Mobile Application development (wallet, cannabis strain and product database, merchant locator)
Cannabis Operation
-Small scale production on select CBD based products
-Will need to partner with current industry participants
Tier 2: $250,000 (In Progress)
Platform Development
-Hardware infrastructure for select partners (point of sale systems)
Cannabis Operation
-Full independent development on multiple product lines (CBD products and THC edibles)
-Tourism related cannabis products
-Hardware infrastructure for select partners (point of sale systems)
Cannabis Operation
-Full independent development on multiple product lines (CBD products and THC edibles)
-Tourism related cannabis products
Tier 3: $1,000,000
Platform Development
-Expanded hardware infrastructure for merchant partners
Cannabis Operation
-Licensing deal for topical lotions and body products
-Expanded hardware infrastructure for merchant partners
Cannabis Operation
-Licensing deal for topical lotions and body products
Tier 4: $2,500,000
Platform Development
-Hardware infrastructure for all merchant partners
Cannabis Operation
-Strategic partnerships and licensing agreements, coupled with product development in edibles, CBD based products, topicals, and pursuit of small scale industrial facility
-Hardware infrastructure for all merchant partners
Cannabis Operation
-Strategic partnerships and licensing agreements, coupled with product development in edibles, CBD based products, topicals, and pursuit of small scale industrial facility
Tier 5: $5,000,000
Cannabis Operation
-Full scale pursuit of production, cultivation, and dispensary licensing including physical industrial facility
-Full scale pursuit of production, cultivation, and dispensary licensing including physical industrial facility