CANNABIS LOGISTICS POWERED BY ETHEREUM
We're building the world's largest IoT-based logistics platform for the legal cannabis industry.
Conventment aims to bring grow centers, manufacturers and dispensaries together in order to create a new standard for managing logistics.
Conventment is an IoT-based security and logistics platform built for the legal cannabis industry. Built with scalability and productibity in mind, Conventment aims to create a connected platform for the future of the cannabis industry and potential hurdles. Conventment utilizes technologies such as Python, Ethereum DLT, low-cost sensors (RFID/NFC) & customized IoT middleware (currently based on Zerynth) in order to achieve an error-free way of record-keeping and give businesses a streamlined platform to conduct their operations with zero downtime.
Conventment DLA & the DLA Center
The Conventment Distributed Ledger Alliance (DLA) consists of all businesses and organizations that use Conventment to manage their operations. The DLA Center is the front-end of the Conventment platform which features a wide variety of solutions for businesses. While dispensaries and manufacturers will be able to track their inventory and incoming deliveries, grow centers are able to view the humidity and temperature of batches for quality assurance. Aside from statistics and inventory, Conventment's DLA Center is meant to replace the usage of multiple apps at once and will feature almost everything an employee in the cannabis industry will need. Grow centers, manufacturers and dispensaries will all be able to finally connect with one another in real-time.
The DLA Center will feature a payment platform built for the future of the cannabis industry. Also, the DLA Center will be easily accessible by most devices with a stable internet connection & is planned to include instant B2B communications between other employees and other businesses in order to avoid the need of social media, texting or constant phone calls.
Benefits of the DLA Center:- Easily accessible via most devices
- Real-time data analytics
- Multiple advanced B2B Solutions
- Automatic & streamlined tracking of inventory
- Real-time statistics & enhanced oversight
- Digital "paper trail" for each process
- Automatic daily/weekly/monthly/annual audit trails
- Decreased risk of human error
- Payment system built for the future
- Built for the future of healthcare
Connecting to the DLA Center
Within the DLA Center, there are 3 interconnected networks. These are Conventment Distributed Wireless Statistic Networks (CDWSN) that allow grow centers, manufacturers, shops, dispensaries and other cannabis-related organizations to connect and conduct businesses with one another. Connecting to one of these networks is required to use the DLA Center. CDWSN1 consists of grow centers and grow operations. CDWSN2 consists of product manufacturers and suppliers while the CDWSN3 network is compromised of dispensaries and shops that sell cannabis and cannabis-infused products. In order to gain access to the DLA Center, connecting to one of CDWSNs are mandatory.
The CNVT Token & Token Generation Event (TGE)
The CNVT token will be used by grow centers and manufacturers in an upcoming B2B Contract Bidding functionality within the DLA Center. On August 30th, Conventment will officially launch the CNVT token in a Token Generation Event (TGE). Investors and potential business partners are able to obtain these tokens during a private and public sale which will be open to participants for a limited time.
CNVT tokens will be distributed as follows:
75,000,000 available for the public sale (75%)
5,000,000 available for the private sale (5%)
5,000,000 for Development & Outreach Expenses (5%)
7,000,000 for the Conventment Reserve (Locked for 24 months) (7%)
5,000,000 for Bounties (5%)
3,000,000 for Team & Advisors (3%)
Beginning on September 6th and ending September 13th, Round 2 of our private sale will take place and will offer CNVT tokens at a rate of 0.0012 ETH each.
Round 3 of our private sale will take place from September 14th to September 22nd and will offer CNVT tokens at a rate of 0.0014 ETH each.
When our public sale finally begins on September 30th, participants can obtain CNVT tokens at a beginning rate of 0.0023 ETH per token. Until the Public sale ends on October 14th, the price of each CNVT token will increase by 0.0001 ETH per day.
Soft Cap: 9200 ETH
Hard Cap: 47000 ETH
Total Supply: 100,000,000
Visit conventment.com/tge for directions on how to register for the TGE.
Business Model
Conventment's business model will rely on a mix of monthly royalty fees and commission fees. Conventment does not charge any initial fee for joining the DLA or for connecting to the DLA Center. For grow centers & manufacturers, the monthly royalty fee is 5% of total gross revenue for the prior month. For shops, the commission fee is 1% of each transaction.
Over time as new and improved versions of the DLA Center are released, these commission percentages will slowly decrease as the utility value of Conventment and the CNVT token increases. Keeping commission prices low will allow Conventment to expand at a more efficient rate. While remaining affordable yet competitive, Conventment is expected to be profitable throughout 2019 and beyond.
Milestones
Q3 2018- White paper release
- Website launch
- Alpha release of DLA Center
- Bounty Campaign
- CNVT Token Generation Event (TGE)
- Press releases & announcements
Q4 2018- Beta release of DLA Center
- Announcements regarding DLA Center development
- CNVT token available via exchanges
- Outreach marketing campaign begins
Q1 2019- Blockchain-enhanced beta build of DLA Center
- Updated white paper
- Beta release of B2B Bidding functionality
- Live demonstrations
