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Author Topic: [ANN][TKS]TOKES Platform | Empowering the Cannabis Industry  (Read 84665 times)
snowboard789
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November 22, 2017, 12:38:27 AM
 #1121

so there has been a lot of hype in the market because the Palm Beach Confidential would supposedly recommend potcoin but then recommended Dash (huh?) for cannabis payment industry. They have a long article about why it is important etc. I see absolutely no reason why Tokes wouldn't do the job for this. Maybe Kov and the team should approach Teeka that does crypto analysis. I post the original private newsletter that came out some days ago: (I am lazy to fix all the cope paste problems but you get the idea Smiley

A Booming New Opportunity in Legal Marijuana
Payments
Just like the online auction market of the ’90s, there’s a booming new industry suffering from a payments

problem: legal marijuana.
In this month’s issue, I’ll show you how an up-and-coming payment provider is positioning itself to become
the PayPal of this exploding industry.

Today, 28 states and the District of Columbia have legalized some form of marijuana sales.
Analysts project the industry will rake in $6 billion this year alone. And the well-respected research
rm

Cowen expects legal cannabis sales to reach $50 billion by 2026—that’s a 700% increase.

American attitudes about legalized marijuana have changed radically over the years. According to an
October 2017 Gallup poll, nearly 65% of Americans support legalizing marijuana. That’s a record high.
(For comparison, in 1996, only 25% of Americans supported legal cannabis.)
This legalization movement has been a bonanza for the 50,000-plus growers and the 3,189 marijuana
dispensaries that have popped up around the country since 2012.
But this growth came with a dark side.
In 2013, three criminals kidnapped a marijuana grower in Fresno, California. They used a blowtorch to
torture him and mutilated his genitals... all in a (fruitless) e

ort to uncover his hidden cash stash.
This gruesome example shows just how dangerous operating a marijuana business can be.
You see, marijuana sales are still illegal under federal law. And that means banks can’t accept deposits
from cannabis-related businesses.
That has forced marijuana growers and sellers to hold stacks of cash—in some cases,

oor to ceiling. That

makes dispensaries juicy targets for criminals.
Aside from the obvious safety problems this poses for marijuana businesses, there is an economic one as
well.
One industry insider I spoke with told me that cash-handling costs are eating as much as 30% of gross
revenue for some dispensaries.
That means as much as 30 cents out of every $1 earned goes toward paying for guards, armored trucks,
guns, surveillance gear, etc.
Although banks won’t work with marijuana businesses, some credit unions will. But the costs are
prohibitive. They charge 3% on cash deposits.
In addition, credit unions demand a checking account fee of $7,500 per month. Even then, they place limits
on how much cash they will accept from marijuana businesses.
As already mentioned, Cowen projects the industry to grow to $50 billion by 2026. There’s no safe or
cheap way for the industry to process $50 billion in cash.
A change must be made.
Cryptocurrencies to the Rescue
Bitcoin would seem like a natural solution for the cannabis industry’s cash woes.
It’s secure, practically unhackable, and its fees are lower than using cash. However, bitcoin has one serious
drawback... con

rmation times.
Normally, it takes 10 minutes to con

rm a transaction on the bitcoin network. That’s far too long to wait in

a retail setting.

Imagine going to Wal-Mart to buy groceries... and the cashier makes you wait 10 minutes for your credit
card to clear. That just wouldn’t work in a store where you’re doing thousands of transactions per day.
What the marijuana industry needs is a highly secure cryptocurrency that can process transactions
immediately.
It should be easy to use. Plus, it must be integrated within the existing payment structure already used by
cashiers and clerks.
The cryptocurrency that can solve this problem will become the PayPal of the marijuana industry.
We’ve identi
ed a project that
lls every one of the legal cannabis market’s needs. It’s cheap to use, it

scales, and most importantly, it offers almost instantaneous conrmations.
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snowboard789
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November 22, 2017, 12:39:32 AM
 #1122

and yeah, this coin is such a gem guys! you just need to play your hands correctly and I don't think it should be just local in Las Vegas just because you are there. Most crypto is done from a basement and becomes worldwide. Cheers
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November 26, 2017, 03:43:57 AM
 #1123

Can the autoinvite link for Slack be renewed? Currently it says that the invite limit has been reached.

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Mynameischair
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November 27, 2017, 12:03:46 AM
 #1124

With the legalization of Cannabis for public consumption in Vegas, i see this coin doing well in the long run. Anyway, i don't fell like reading thru multiple pages, so can someone tell me if Tokes has partnered with any dispensary or do they own their own dispensary? And if so, do they currently offer dividend sharing to holders?

snowcrawl
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December 01, 2017, 06:03:06 PM
 #1125

Hello Mynameischair,


The Tokes Platform's first dispensary partnership has been with the Las Vegas dispensary called "Pisos".  Tokes has been accepted at Pisos as part of a pilot program for making the token spendable.  This pilot program was launched in August.   During the initial phase of that partnership, Tokes were accepted as a form of payment at a point in time in which the point of sales software was under development (beta testing) and had not yet been deployed in commercial use.   As such 1 token was accepted as $1 USD, and the remaining market value of the token was refunded to the customer in cash.   This was just a temporary solution to get the token in use while the payment system was still under development.   During this initial phase, The Tokes Platform wanted to remain conservative and delay launching new dispensary partnerships until a point in time where they will have the payment system fully ready to handle the volume of payments that will be processed by multiple locations.

https://twitter.com/pisoslv

The Tokes Platform has recently redesigned their website, and now includes regular updates published in the "News" section:


https://tokesplatform.org/news/

https://tokesplatform.org/therev-tokes-platform-newsletter-november-2017/


In the first draft of the whitepaper, it was hinted at that Tokes would pursue selling a line of products.   That is no longer a part of immediate plans, since core development of the project has led the team to focus on new opportunities, as the legal cannabis space has continued to grow.   The whitepaper has recently been revised, and a number of changes have been made to the initial vision.  
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December 01, 2017, 06:22:42 PM
 #1126

Any decision to offer anything resembling a dividend for token holders has to carefully weighed against the conditions for remaining listed on Bittrex, which is the principal exchange that Tokes is listed on.   
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December 01, 2017, 06:41:41 PM
 #1127

Tomorrow will mark the one year anniversary of the launch of the Tokes Platform ICO.   To mark the occasion, I will be giving away 20 Tokes to the person who can correctly answer a trivia question related to the terms and conditions of that ICO.   The answer to the question can be found in the first draft of the whitepaper:


https://coss.io/documents/white-papers/tokes.pdf


People interested in participating can send me a personal message with their answer either on here, twitter or in Slack:


https://twitter.com/statchison/status/936607732462964736
Dge10
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December 03, 2017, 11:16:23 PM
 #1128

9$ in a few hours!!!!!
Cryptoby
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December 04, 2017, 02:02:32 AM
 #1129

9$ in a few hours!!!!!


It's at 4,33$ ... to 9$ it's still far  Smiley

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December 07, 2017, 09:44:23 PM
 #1130

Great Chart Gallery of TOKES on BitScreener: https://bitscreener.com/coins/tokes/chart_gallery


Tokes are getting a terrible beating.
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December 10, 2017, 09:39:08 AM
 #1131

Great Chart Gallery of TOKES on BitScreener: https://bitscreener.com/coins/tokes/chart_gallery


What are you implying? That the price will go up?

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TOKEN
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MEDIUM    SLACK    TWITTER    YOUTUBE
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penoze
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December 10, 2017, 04:22:30 PM
 #1132

Know the existence about TKS for a while now but didn't follow it closely.
At this moment i don't know what's the best source for information about TOKES.
Just want to read some of the latest updates because i want potential invest in TOKES.

Can somebody help me forward to get a little bit closer to TOKES.

Kind regards,

Penoze

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motorhead89
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December 12, 2017, 03:57:40 AM
 #1133

I need to sell a few tokes off...anybody wanting some tokes look at Waves DEX. I set a TKS/BTC sell for 109 tokes at 24000 satoshi... take them if you want them. I need some spending money!

Waves DEX is available at
https://waveswallet.io/

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December 12, 2017, 05:07:26 PM
 #1134

Know the existence about TKS for a while now but didn't follow it closely.
At this moment i don't know what's the best source for information about TOKES.
Just want to read some of the latest updates because i want potential invest in TOKES.

Can somebody help me forward to get a little bit closer to TOKES.

Kind regards,

Penoze

There are a few resources that would be of benefit to you. First is get yourself in the Tokes Slack channel. Invites are currently manual but if you want to send me your email address I can invite you. Also, check out the site: https://tokesplatform.org. There's a news page with the most up to date info about progress, partnerships, tech, advocacy etc. - https://tokesplatform.org/news/

telexai.com - A virtual assistant for your crypto.
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December 12, 2017, 05:16:56 PM
 #1135

Can the autoinvite link for Slack be renewed? Currently it says that the invite limit has been reached.

The Slack is set to manual invites only at this time. If you want to provide your email to me via DM I can send you an invite.

telexai.com - A virtual assistant for your crypto.
penoze
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December 12, 2017, 09:52:21 PM
 #1136

I need to sell a few tokes off...anybody wanting some tokes look at Waves DEX. I set a TKS/BTC sell for 109 tokes at 24000 satoshi... take them if you want them. I need some spending money!

Waves DEX is available at
https://waveswallet.io/

Looks like you miss the trex sellorders, people sells their TKS for only 0.000165BTC, That is a lot cheaper if you ask me  Wink

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penoze
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December 12, 2017, 09:55:21 PM
 #1137

Know the existence about TKS for a while now but didn't follow it closely.
At this moment i don't know what's the best source for information about TOKES.
Just want to read some of the latest updates because i want potential invest in TOKES.

Can somebody help me forward to get a little bit closer to TOKES.

Kind regards,

Penoze

There are a few resources that would be of benefit to you. First is get yourself in the Tokes Slack channel. Invites are currently manual but if you want to send me your email address I can invite you. Also, check out the site: https://tokesplatform.org. There's a news page with the most up to date info about progress, partnerships, tech, advocacy etc. - https://tokesplatform.org/news/

All right thank you, shall take a look on the website and send you a personal message for the invite of the slack channel.

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December 12, 2017, 11:41:24 PM
 #1138

Know the existence about TKS for a while now but didn't follow it closely.
At this moment i don't know what's the best source for information about TOKES.
Just want to read some of the latest updates because i want potential invest in TOKES.

Can somebody help me forward to get a little bit closer to TOKES.

Kind regards,

Penoze

There are a few resources that would be of benefit to you. First is get yourself in the Tokes Slack channel. Invites are currently manual but if you want to send me your email address I can invite you. Also, check out the site: https://tokesplatform.org. There's a news page with the most up to date info about progress, partnerships, tech, advocacy etc. - https://tokesplatform.org/news/

All right thank you, shall take a look on the website and send you a personal message for the invite of the slack channel.

Why is Tokes always in maintenance on Bittrex?
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December 16, 2017, 09:39:52 AM
 #1139

How to address address tokes wallet address? thank u

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December 21, 2017, 09:02:11 AM
 #1140

TheRev: Tokes Platform Newsletter, December 2017

In our final newsletter of 2017, we are pleased to make a formal announcement of a new partnership, and give a general overview of what you can expect from our team in 2018!
https://tokesplatform.org/therev-tokes-platform-newsletter-december-2017/
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