Can I hear more about the marketing plan please. This is my second time asking.
We have a few marketing concepts for platform promotion:
1. First, we plan on distributing a small number of tokes to our dispensary partners, who in turn can use those to attract new customers via tokes giveaways. This will attract new customers for the dispensary, gain exposure for the platform, and nurture business relationships.
2. Educational and tech support efforts to assist the dispensaries with the implementation of our technology.
3. I've alluded to the tourism business concept we're pursuing...this will tie directly into our business development efforts with industry partners.
4. Building out point of sale systems in the form of computer tablets that can run our application and facilitate tokes transactions.
Those are a few, to start. Thanks for the question sourgummies.
How small is the number of free tokes that you'll be giving away? I find it hard to invest in an ico when the coins im buying will be given to others for free. Why cant I just get some free coins is my thought process.
The key difference is that our partners at the dispensary level will be utilizing their promotional allotment to further the footprint of the currency, which has broad social and economic value for all people invested in tokes. It's similar to how we're giving away tokes to people that promote through signatures, blogs, and other promotional efforts. To that end, you are welcome to join any one of our bounty campaigns and earn 'free' tokes for assisting with spreading the message.
That's a nice way to spin it. Another way could be your dispensaries will be giving away free tokes with every purchase. The pitch would be, buy this weed and I'll give you back $2 in tokes witch you can turn into bitcoin. And then just like that the sell pressure begins. You still did not answer my question. How many tokes are being put aside for this and how many will be given out for free?
Ah, I see why there's a disconnect... A couple of things here: first and foremost, we're going to be starting local, and we're going to be starting small. This is not the type of promotion we would rain down on the entire US. We'll be targeting 5-10 local dispensaries with this promotion to test its efficacy. Even then, we're going to be starting with a small number of units - the specific amount of which has not yet been determined. It will be less than a few hundred dollars each initially, though. Second, these dispensaries are
not going to have immediate access to or understanding of how to go openly sell these on the market, as this is not a space they're very familiar with. Which leads to point number three, and most importantly for you. You're assuming we are going to hand out the tokes for this promotional offer and simply let the dispensaries turn around and re-sell them. Our actual plan here would be to support that promotion as a true 'company' cost and act as a repurchaser of the units used by the dispensaries. In that sense, there is no market impact as a result of these marketing efforts. We would bear the burden of paying those costs in order to foster initial relationships.
I do think it's important for me to emphasize here that this project is going to be unlike just about anything you've seen in the crypto ecosystem. We approach this more from a financial perspective than a technology one. Our actions are going to have token holders in mind, and we're going to be acting in your interest, not entirely our own. It's going to take many small steps to gain traction with the concept, but with dedicated and strategic execution, we can succeed here.
