It's getting a bit late and I'll be turning in soon, but I want to attempt to address a few of your questions first:
What is the distribution of ICO funds? Specifically, what is earmarked for license acquisition verses business acquisition versus partnership? How do these options impact the revenue model? Is there a guaranteed percentage that is returned to token holders?
This is nearly impossible to determine until we have a solid estimate of ICO proceeds. License acquisition can be relatively inexpensive, with the demonstration of a business plan and $250K-$500K in liquid assets. Those figures can change depending on the state's new requirements, but it's a solid baseline. The licenses are technically the smallest component of the budget though. Locating a facility and outfitting it with the necessary equipment to undertake our objective will be a larger portion of funding. Again, our ambition here will be limited only by our capital raise. We cannot guarantee a specific return to investors, as that would very likely violate a law in some capacity.
What is the roadmap timeline e.g., phase I (business/license formation) and phase II (technical development)?
We anticipate development on both fronts within 90 days of ICO close, including a mobile app with transactional capability.
Is there a minimum ICO target? What happens to the funds if minimum is not reached or licensing is not obtained?
How are ICO funds escrowed?
We do not currently have a minimum on the ICO, as we can continue work on the Tokes Platform with relatively low overhead. That said, coupling our platform with the business operation offers tremendous opportunity for TOKES holders. We're also finalizing details on our escrow (still PRE-ANN), but we are likely establishing a multi-sig escrow account with 2 external independent third parties and ourselves.
What is your contingency should regulations allow MME banking operations to occur? What happens to your value proposition? What are the risks to your business model that you have identified?
You're referring to federal legalization, which would be required to facilitate the banking of these individuals. Given the current political environment and status of state legalization, we don't project legalization at the federal level for at least a decade. Probably two. We expect our platform to be well ingrained in the industry by that point. And to reiterate specifics from the whitepaper, we're preparing for more than strictly a digital currency. There are going to be numerous features built out in time that will provide value to users.
Appreciate all the questions!