CBDoken, a Vienna-based company, plans to shock the traditional CBD market by creating an open, distributed alternative distribution method through their Voucher token.
CBDoken offers resellers a digital, transferable and claimable CBD voucher token.
CBDoken enables customers to simply buy premium CBD products shipping worldwide to your house door.
They partner directly with the worlds best producers to save you 80% off regular market price!
Their Vision:
Worldwide distribution of publicly priced CBD
By leveraging the best of blockchain technology and great business practice, the team behind CBDoken has created a plan that will enable CBD Full Spectrum Extract traded as tokenized Vouchers.
Why is This Important?
Because of the controversy associated with cannabis, even completely legitimate CBD extracts are not traded on the open market due to the potential for supply chain abuse. Some countries even consider CBD to be an illegal product, regardless of the fact that it contains 0-0.02% THC.
This type of attitude from regulators is what prevents the traditional economy to bring this product as commodity to the open markets. Utilizing a decentralized token to facilitate trade is perfect because the traders never come into physical contact with the product.
On the other hand, white-label brands sell CBD products at outrageous prices, 300-800% more than what they pay to the producers in the U.S. and the EU. CBDoken shows incredibly high potential to mitigate two of the largest contributors to high CBD prices.
The “CBD Full Spectrum Extract” that CBDoken will provide is of the highest quality with a minimum of 55% CBD concentration. This is a highly competitive product on the quality-based marketplace, for which people are currently prepared to pay up to 8x from production prices.
With the help of their proprietary ERC20 token, they will be able to effectively price and position their partner’s CBD product to the open marketplace. No other CBD company in the world has done this before, so there are a lot of curious minds looking to see what the results will be.
How Does the Token Work?
Once their distribution begins, the business will utilize the Voucher Tokens as a representation of 1000mg CBD Full Spectrum Extract in stock. The ratio between tokens and the stocked product will remain equal. Their smart contact will burn the tokens when an order has been made.
Burning the tokens means that they are getting destroyed at the point of sale, and the product is already on its way to the consumer. The smart contract connects their CBD manufacturer to the end users, providing a clear path of distribution without inflating the price along the way.
CBDoken’s partners own warehouses and extractions facilities in both U.S. and EU markets, and the deliveries will be made through these establishments. The profits made by sales of the first CBD Voucher Token “CBD Full Spectrum Extract” will be reinvested into restoring the warehouses’ stockpiles.
In addition to this, a CBDoken Webshop will be opened which will sell the CBD product in exchange for fiat prices based on community-defined pricing. To facilitate the sale, CBDoken will purchase a token from the exchanges and will execute the burning process.
Private Sale Details
There is a limited amount of tokens available for the private sale, which will end with 31 of July. The company is looking to raise about $200k in this period, through the sale of 15000 Crypto Vouchers i.e. grams of CBD Full Spectrum Extract.
This Crypto Voucher is going to be the main mechanism for facilitating purchases once their solution becomes operational, the smart contract in place will burn the Token Vouchers, informing the market about the purchase, and keeping the 1:1 ratio in place.
They are also planning a bounty campaign in July!
Connect With the Community
Connect with CBDoken’s community to learn more about the project and be the first one to hear about updates coming from the team, or simply to participate in various discussions regarding CBD or related topics with others.