The more important questions
- Can these people grow the highest quality weed?
- What anonymous blockchain tech are they using?
- How far can their blockchain tech scale?
- Have they ever delivered a popular mobile application in the past?
- Who are their partnered dispensaries?
- What's the tourism IP they talk about and how could it help?
- So there's a company and a coin and all we get is a coin? or do we also get shares in the company?
Great questions. I'll respond to them in order:
1. To restate, we do have small scale experience with cultivation through medical licensing, but we'll certainly want to employ the appropriate specialists in the industry to ensure we can produce crops that meet or exceed industry expectations. If you review our funding objectives, full scale cannabis operations would be dependent on our highest tier of funding at $5MM USD. Assuming we reach this objective, we'll certainly be able to build a team of botanists and experts that can help us achieve that objective. For the lower tiers of funding, we're primarily going to be developing CBD and tourism based products that would be reliant on externally sourced cannabis from cultivation relationships.
2. The anonymity features are in development and might not be available on our initial launch of the token. However, our preference is to utilize a technology similar to crypto-notes like monero. We're also considering newer anon tech like zcash, but that would need to be significantly vetted before doing so. I also have concerns about the complete lack of accountability with the genesis block, so we're leaning towards crypto-note.
3. Our blockchain tech can ultimately be scalable world wide. There is nothing preventing us from having broad adoption, just like every other token tech out there. Our efforts will first be focused on Las Vegas, then to the US southwest, and ultimately the US states with legal cannabis as a whole. Depending on the progression of cannabis legalization worldwide, we'll be working to integrate in those cities, states, and countries as well.
4. We personally have not delivered a mobile app, but our team includes people who have. Tim Deneau will be lead on the mobile application development, with specialties in frontend and creative. He has at least 4 large projects in mobile development, including Audi's application. Additionally, I have conversations open with my brother, who is a lead designer with POSSIBLE mobile, based in Denver, CO. This is an aspect of our model I have no concerns about executing on.
5. I can't name names, but the partner dispensaries include locations already operating in Vegas, and 2 select locations in Oregon.
6. Again, can't go into specifics here, as this is a unique concept that will play out specifically in Las Vegas. Once we get business registrations and foundational groundwork laid, we'll release more information. Suffice to say, it is not specific to cultivation of cannabis, but does operate based on success of the industry.
7. Unfortunately, no ownership of the 'company' will be exchanged. This would be a clear violation of the SEC rules regarding unlicensed securities. We're operating our ICO in the same method as alternative coin technology. You could consider ownership of the tokes token to be an indirect proxy to owning a portion of the company though, since company profits will support the technology stack. However, no ownership, dividends, or other value will be provided directly to ICO investors. We execute a return of value to investors initially through our Tokes Repurchase Program, which involves tokes repurchases from the open market. We'll in turn use those repurchases to support marketing efforts with our industry partners (i.e. giveaways).