[ANN][TKS]TOKES Platform | Empowering the Cannabis Industry

[dfox101]

All garbages with things on paper are doing ICOs. Easy money to grab, lol.

[1713399129]

1713399129

[1713399129]

1713399129

[meeekz]

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?

[dianikusuma]

Any bounty campaign sir???
Waiting more informations

[meeekz]

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?

[piebeyb]

I do not say much about this, but I see a lot of threads full ICO them compete, I thought you had seen it, let's see what determines Tokes been able to compete with other ICO

[dawn_official]

Interesting idea. I wish you good luck in this project, I like the idea of empowering the legalization movement with a crypto token.

[kov]

Any bounty campaign sir???
Waiting more informations

We're finalizing the details of a signature campaign and translation bounties. Stay tuned for more info. Open to suggestions on additional promotion and marketing of the platform.

[kov]

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!

[BanzaiBTC]

I'm a big fan of cannabis and cannabis related products.. (I'm dutch for a reason  )

However.. I don't see any past experience around cannabis itself in the team members list.. You can bring in experienced coders etc.. But without cannabis growing experts and people with great knowledge and global connections in this scene, this will not work imho..

Also 5 million dollars.. Are you trying to buy out greenhouseseeds.com or something?
Way to much budget for a cannabis startup..

[Raxitto]

Hy canabis lover here also... 😀
I would like to reserve the Portuguese translation...
If interested pm me...
Thx and good luck for ur project

[meeekz]

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!

Thanks for all your answers.
Last question: What is your strategy with respect to nullifying channel conflict? Specifically, if you are asking other producers/vendors to basically hang a sign "Tokes Accepted Here" and at the same time manufacturing/distributing a competitive product, how do you manage the conflict?

[disconnectme]

$5 million funding objectives, I think the rise in BTC prise has made people to abuse crowd-funding. I'm not particular about Tokes Platform at all I'm just speaking in general terms. Can this project collect up to $5 million form VC to be sincere?
 I only need one more ICO to invest into this year and call it a very interesting and rewarding year

[basket ball]

bookmark this thread for info

[killerjoegreece]

Contact me if you need a Greek Translation kov

[DeadBirdzz]

Why?

There is an abundance of cannabis coins already......

Smells like a blatant money grab.......

[kov]

Why?

There is an abundance of cannabis coins already......

Smells like a blatant money grab.......

Quite simply put, we feel we have a superior platform to the digital assets currently out there, and believe we can execute with greater success than the alternatives. Not to be overly critical, but given the length of time that the other coins have been functioning, they have seriously disappointing results. We have a strong team and solid concept, and we've already laid the groundwork for our initiative within the industry.

If you haven't done so, I'd encourage you to give our whitepaper and business plan a read through.

[cungursia]

Any bounty blog campaign sir?

[cannabanana]

Why?

There is an abundance of cannabis coins already......

Smells like a blatant money grab.......

Quite simply put, we feel we have a superior platform to the digital assets currently out there, and believe we can execute with greater success than the alternatives. Not to be overly critical, but given the length of time that the other coins have been functioning, they have seriously disappointing results. We have a strong team and solid concept, and we've already laid the groundwork for our initiative within the industry.

If you haven't done so, I'd encourage you to give our whitepaper and business plan a read through.

superior platform for cannabis sales is a big fail.

You need to FOCUS on TOP Genetics.  I am in the Cannabis industry of California, I see people with ideas like this all the time and there's more non-crypto related cannabis apps already.

Having quality Flower Consistently > More funding

And in the cannabis industry, the best flower is never grown in a cannabis factory but in small batches by people who love what they do not just for money but for medicine that will never give you any of their product.

[Darker45]

Oh my. How many cannabis related projects already just this year? You guys might have very good intention and ideas but $5 million seriously? I think even Incent and Komodo didn't/barely reached that amount. Anyway good luck. I'll still continue to watch and see if there will be more progress in days to come.

[szachta]

No bunties no invest.