Just an observation - the description of your value proposition is a bit sketchy.


It might be a good idea to get the legal side of dividends sorted before the ICO starts. In the US where you are based this could be a particularly problematic issue for both Tokes and Token Holders. Different for many countries.

Additionally - some numbers on % split of profits to token holders vs Tokes entity is needed.  Investors need to have some idea of potential value/return. Is Tokes value pegged to USD? If so how can value rise?  So these dividends might be the main focus for any investor.

Equity - assume there is no equity in Tokes entity by token holders - state that clearly if so.

A clear and definitive statement on these by the time of the ICO would certainly help me decide to invest or not.

Thanks for your answer KOV

that clears a few things up.

I see now that the market price of Tokes is not pegged - just retailers who desire protection.

Additionally - buy back supports price and direct dividends in TOKES may be possible after you check legalities (they certainly would be in some jurisdictions).  

Would "Rewards" with INCENT instead of "dividends" with TOKES solve any issues here? Buying INCENT would clearly be an expense to your company and INCENT distributions between INCENT and their clients.

Good luck with the ICO.

I will be in for a few.

pliss chek my PM

thanks

Trust summary for kov

This user's email address was changed recently.

OP has one year absent, and password changed recently, I think it may the purchased account, be aware guys, many purchased account scams in this year.

pliss put me thread korea in your topic thanks

https://bt.irlbtc.com/view/1691812.0

Just posted.  Might be making some tweaks to the signatures in the coming hours.

1. Yes, that is correct.

2. Correct - we'll be paying all bounties, promotional, and marketing rewards out of the founder's share.

3. Unsold TOKES will go into a reserve account with a publicly-released wallet address. The rationale here is two-fold. First, we feel it's important to have this quantity of supply eventually available in the ecosystem, which argues against burning any unsold units. Secondly, project funding dictates that we ultimately sell the remaining units. What we will not do is dump these on the market. If at some point in the future we determine we need to undertake a secondary offering, we would release additional tranches of TOKES via off-market transactions (similar to AMP's secondary sale). It's also very possible, depending on business success, that we identify methods of releasing these into the market via giveaways or strategic alliances. The alliances are particularly appealing because they would enable us to enhance our overall competitiveness, further improve TOKES presence and demand, and recruit additional businesses to spread our message. This is great for every holder of TOKES.

4. We've touched on this briefly before, but I'll summarize here. Due to the nature of our multi-pronged approach, we have flexibility in our capital raise. In order to execute on the Cannabis Revolution terrestrial business, we need to raise approximately $250-$500K in USD-equivalent digital assets. The Tokes Platform, with very little overhead, can be executed with significantly less capital in the neighborhood of $50K. With that said, we have an entire backlog of innovative concepts we'd like to begin true development on following the ICO. For that reason, and because it drastically improves our chances of success, we're targeting a significantly larger capital raise of $5MM.


Thanks for the questions pugilist555.

1. There is no hard cap on the ICO outside of the 47.5MM units for sale.

2. Your math is essentially correct. There are many variables out of our control, i.e. btc/usd rate and the time at which people purchase tokes in the ICO structure, so we're not trying to raise exactly $5MM. However, given current exchange rate, and in the hypothetical scenario in which we sell out completely on day 1 because of the significant bonus, we would raise 6,333 btc, or roughly $4.6MM. While that is half-million off target, given time value of money and our ability to immediately go to work, it's acceptable. The more likely scenario is that we sell out throughout the campaign, with the majority of investment coming in at the beginning and end of the ICO (based on our observations of other ICOs).

This is all available at http://cannabisrevolution.us/#Team

Happy to help! We appreciate the questions pugilist555.