I don't know about this.
First of all, let's simplify. This concern is selling cell phone chargers. That's fairly limited in itself. They do mention they will expand to sell what the market asks for, but that in itself is too open ended to qualify as a "business plan"
In retail, you begin with the product, this idea for a store lacks that singular focus.
Next, the crypto X thing.... hmmmm, at first glance it looks like a pyramid scheme, or at least MLM. The idea that store will accept cryptos then merge them into more valuable cryptos... you had better keep that one secret from your customers. In fact the whole set up is a little too confusing to inspire much trust right away, and let me tell you, I smoke a LOT of pot, I've talked to millions of pot-head "entrepreneurs" and I already know the song and dance. Blow a couple doobs and all the sudden you are going to take over the world. Weed smokers seem to be able to complicate the simplest things. Just go into your local bong shop and ask which pipe works best, you'll come out 3 hours later with your head spinning and the proud ownership of a few hundred dollars worth of junk you didn't actually want. Like I said, I am a daily smoker, but I don't have any illusions. I especially can not stand dope addled "geniuses" telling me what's what. The herb can make you tend to err on the side of unrealistic notions and outright fantasia, if you embrace that, next thing you know you're...i dunno, investing in a poorly thought out business?
DAO's are a great thing, for sure, it is just they need to be more than a great notion to actually gain traction in the real world. All I can see here for sale is cell phone chargers and an idea that is already free.
Now, if they were planning to open a medical marijuana dispensary and operate it under DAO, THAT would be interesting.
anyway, shouldn't this actually be in the securities section?
The project is quite complex. There are many great parts of it.
#1 Goal of the project = Train new users to use cryptocoins. (users = value).
#2 Test different blockchain tech: The marijuana coins will be accepted at the store. They have diverse code bases with Pow, PoS and PoW+PoS. They use different hashing algorithm with Scrypt and X11. This is a great test to see which code bases will be able to prevent attacks on the blockchain.
#3 No one sells mobile cell phone chargers in Vancouver Canada, yet everyone wants them. It's possible to sell over 100,000 units at $25 = $2,500,000 CAD -> $700,000 profit. Solely with power banks this store can survive for a year.
Warning: Anyone wanting to sell power banks in Vancouver Canada... don't bother. You can't sell them cheaper than I can.
This does not even take into account other marketing. Referring users to one of the 3 dispensaries within a 1 minute walk could provide a referral fee for the store.
#4 DAO ↔ DApp: From an investment point of view, it would make sense to invest in both the DAO (#420AJF) and the DApp (Bitcoin + marijuana coins).
#5 To prove this idea works and have 1,000 other people starting DAOs next year. Hopefully a Bitcoin DAO the size of Wal-Mart gets created!
#6 To impress our neighbors. If the stores beside us watch our store doing well, they will want to copy our payment system.
I see the concept of the DAO becoming the new "company/co-op/charity/non-profit". Traditional business models will not be able to compete.
The closest companies right now to this idea are Apple, Samsung and Microsoft. The companies train users at their stores. The biggest difference is that DAOs promote open source software! A DAO can not be corrupt or else someone take the open source code and create a better DAO.
