Topic: [ANN][TKS]TOKES Platform | Empowering the Cannabis Industry - page 9. (Read 103690 times)

Tomorrow will mark the one year anniversary of the launch of the Tokes Platform ICO.   To mark the occasion, I will be giving away 20 Tokes to the person who can correctly answer a trivia question related to the terms and conditions of that ICO.   The answer to the question can be found in the first draft of the whitepaper:


https://coss.io/documents/white-papers/tokes.pdf


People interested in participating can send me a personal message with their answer either on here, twitter or in Slack:


https://twitter.com/statchison/status/936607732462964736

Any decision to offer anything resembling a dividend for token holders has to carefully weighed against the conditions for remaining listed on Bittrex, which is the principal exchange that Tokes is listed on.   

Hello Mynameischair,


The Tokes Platform's first dispensary partnership has been with the Las Vegas dispensary called "Pisos".  Tokes has been accepted at Pisos as part of a pilot program for making the token spendable.  This pilot program was launched in August.   During the initial phase of that partnership, Tokes were accepted as a form of payment at a point in time in which the point of sales software was under development (beta testing) and had not yet been deployed in commercial use.   As such 1 token was accepted as $1 USD, and the remaining market value of the token was refunded to the customer in cash.   This was just a temporary solution to get the token in use while the payment system was still under development.   During this initial phase, The Tokes Platform wanted to remain conservative and delay launching new dispensary partnerships until a point in time where they will have the payment system fully ready to handle the volume of payments that will be processed by multiple locations.

https://twitter.com/pisoslv

The Tokes Platform has recently redesigned their website, and now includes regular updates published in the "News" section:


https://tokesplatform.org/news/

https://tokesplatform.org/therev-tokes-platform-newsletter-november-2017/


In the first draft of the whitepaper, it was hinted at that Tokes would pursue selling a line of products.   That is no longer a part of immediate plans, since core development of the project has led the team to focus on new opportunities, as the legal cannabis space has continued to grow.   The whitepaper has recently been revised, and a number of changes have been made to the initial vision.  

With the legalization of Cannabis for public consumption in Vegas, i see this coin doing well in the long run. Anyway, i don't fell like reading thru multiple pages, so can someone tell me if Tokes has partnered with any dispensary or do they own their own dispensary? And if so, do they currently offer dividend sharing to holders?

Can the autoinvite link for Slack be renewed? Currently it says that the invite limit has been reached.

and yeah, this coin is such a gem guys! you just need to play your hands correctly and I don't think it should be just local in Las Vegas just because you are there. Most crypto is done from a basement and becomes worldwide. Cheers

so there has been a lot of hype in the market because the Palm Beach Confidential would supposedly recommend potcoin but then recommended Dash (huh?) for cannabis payment industry. They have a long article about why it is important etc. I see absolutely no reason why Tokes wouldn't do the job for this. Maybe Kov and the team should approach Teeka that does crypto analysis. I post the original private newsletter that came out some days ago: (I am lazy to fix all the cope paste problems but you get the idea

A Booming New Opportunity in Legal Marijuana
Payments
Just like the online auction market of the ’90s, there’s a booming new industry suffering from a payments

problem: legal marijuana.
In this month’s issue, I’ll show you how an up-and-coming payment provider is positioning itself to become
the PayPal of this exploding industry.

Today, 28 states and the District of Columbia have legalized some form of marijuana sales.
Analysts project the industry will rake in $6 billion this year alone. And the well-respected research
rm

Cowen expects legal cannabis sales to reach $50 billion by 2026—that’s a 700% increase.

American attitudes about legalized marijuana have changed radically over the years. According to an
October 2017 Gallup poll, nearly 65% of Americans support legalizing marijuana. That’s a record high.
(For comparison, in 1996, only 25% of Americans supported legal cannabis.)
This legalization movement has been a bonanza for the 50,000-plus growers and the 3,189 marijuana
dispensaries that have popped up around the country since 2012.
But this growth came with a dark side.
In 2013, three criminals kidnapped a marijuana grower in Fresno, California. They used a blowtorch to
torture him and mutilated his genitals... all in a (fruitless) e

ort to uncover his hidden cash stash.
This gruesome example shows just how dangerous operating a marijuana business can be.
You see, marijuana sales are still illegal under federal law. And that means banks can’t accept deposits
from cannabis-related businesses.
That has forced marijuana growers and sellers to hold stacks of cash—in some cases,

oor to ceiling. That

makes dispensaries juicy targets for criminals.
Aside from the obvious safety problems this poses for marijuana businesses, there is an economic one as
well.
One industry insider I spoke with told me that cash-handling costs are eating as much as 30% of gross
revenue for some dispensaries.
That means as much as 30 cents out of every $1 earned goes toward paying for guards, armored trucks,
guns, surveillance gear, etc.
Although banks won’t work with marijuana businesses, some credit unions will. But the costs are
prohibitive. They charge 3% on cash deposits.
In addition, credit unions demand a checking account fee of $7,500 per month. Even then, they place limits
on how much cash they will accept from marijuana businesses.
As already mentioned, Cowen projects the industry to grow to $50 billion by 2026. There’s no safe or
cheap way for the industry to process $50 billion in cash.
A change must be made.
Cryptocurrencies to the Rescue
Bitcoin would seem like a natural solution for the cannabis industry’s cash woes.
It’s secure, practically unhackable, and its fees are lower than using cash. However, bitcoin has one serious
drawback... con

rmation times.
Normally, it takes 10 minutes to con

rm a transaction on the bitcoin network. That’s far too long to wait in

a retail setting.

Imagine going to Wal-Mart to buy groceries... and the cashier makes you wait 10 minutes for your credit
card to clear. That just wouldn’t work in a store where you’re doing thousands of transactions per day.
What the marijuana industry needs is a highly secure cryptocurrency that can process transactions
immediately.
It should be easy to use. Plus, it must be integrated within the existing payment structure already used by
cashiers and clerks.
The cryptocurrency that can solve this problem will become the PayPal of the marijuana industry.
We’ve identi
ed a project that
lls every one of the legal cannabis market’s needs. It’s cheap to use, it

scales, and most importantly, it offers almost instantaneous conrmations.

Could it be ok for traders to have their bridal party at the ICO website until this coin is available in an exchange?I'm not in a hurry to withdraw my bridal party.         

Tidex, Bittrex and Waves Decentralized Exchange.

https://bittrex.com/Market/Index?MarketName=BTC-TKS

Predominantly Las Vegas, but we have contributors all over the world.

Dev, where is your team?

We put out a monthly newsletter at https://tokesplatform.org, which will keep you up to date on all of the latest developments. I'd also suggest joining our slack, if you haven't already: https://tokes-slack.herokuapp.com/. And finally, we're working on pulling together a live monthly Q&A session soon. Other than that, we're pretty active on twitter and IG.

Didn't follow this project for a while now and want to follow it again.
What is the best source with the latest information about the tokes platform?

I'm holding on to tokes long term it's a very good hold in a very lucrative industry and there dealing with dispensaries which is what will take tokes to the next level.

This is true for Bittrex. If you're using the Waves Lite Client or full node, you can send all assets to the same address.

That's correct. As you can imagine, we're targeting an audience that largely has no familiarity with digital currencies and how they work, so we dedicated our landing page to a crash course on the basic fundamentals of crypto. More info on team and our updated whitepaper will be added to the site as our webdev team updates. The site is a living work in progress.

http://tokesplatform.org/the-team/

Guys, you spent half the site on the explanation of cryptocurrency and asymmetric encryption. Where is the whitepaper? Where is the team list? only 2 person?

Working as quickly as we can. Our ERP solution encompasses SCM, amongst numerous other modules. I'll shoot an email to IBM and see if they have any interest in working together.